65080 Federal Register / Vol. 62, No. 237 / Wednesday, December 10, 1997 / Notices

FEDERAL RESERVE SYSTEM

Agency Information Collection

Activities: Proposed Collection;

Comment Request

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Notice.

Background:

On June 15, 1984, the Office of

Management and Budget (OMB)

delegated to the Board of Governors of

the Federal Reserve System (Board) its

approval authority under the Paperwork

Reduction Act, as per 5 CFR 1320.16, to

approve of and assign OMB control

numbers to collection of information

requests and requirements conducted or

sponsored by the Board under

conditions set forth in 5 CFR 1320

Appendix A.1. The Federal Reserve may

not conduct or sponsor, and the

respondent is not required to respond

to, an information collection that has

been extended, revised, or implemented

on or after October 1, 1995, unless it

displays a currently valid OMB control

number. Board-approved collections of

information will be incorporated into

the official OMB inventory of currently

approved collections of information. A

copy of the OMB 83-I and supporting

statement and the approved collection

of information instrument will be

placed into OMB’s public docket files.

The following information collections,

which are being handled under this

delegated authority, have received

initial Board approval and are hereby

published for comment. At the end of

the comment period, the proposed

information collections, along with an

analysis of comments and

recommendations received, will be

submitted to the Board for final

approval under OMB delegated

authority. Comments are invited on the

following:

a. Whether the proposed collections

of information are necessary for the

proper performance of the Federal

Reserve’s functions; including whether

the information has practical utility;

b. The accuracy of the Federal

Reserve’s estimates of the burden of the

proposed information collections,

including the validity of the

methodology and assumptions used;

c. Ways to enhance the quality,

utility, and clarity of the information to

be collected; and

d. Ways to minimize the burden of

information collection on respondents,

including through the use of automated

collection techniques or other forms of

information technology.

DATES: Comments must be submitted on

or before February 9, 1998.

ADDRESSES: Comments, which should

refer to the OMB control number or

agency form number, should be

addressed to William W. Wiles,

Secretary, Board of Governors of the

Federal Reserve System, 20th and C

Streets, N.W., Washington, DC 20551, or

delivered to the Board’s mail room

between 8:45 a.m. and 5:15 p.m., and to

the security control room outside of

those hours. Both the mail room and the

security control room are accessible

from the courtyard entrance on 20th

Street between Constitution Avenue and

C Street, N.W. Comments received may

be inspected in room M-P-500 between

9:00 a.m. and 5:00 p.m., except as

provided in section 261.8 of the Board’s

Rules Regarding Availability of

Information, 12 CFR 261.8(a).

A copy of the comments may also be

submitted to the OMB desk officer for

the Board: Alexander T. Hunt, Office of

Information and Regulatory Affairs,

Office of Management and Budget, New

Executive Office Building, Room 3208,

Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: A

copy of the proposed form and

instructions, the Paperwork Reduction

Act Submission (OMB 83-I), supporting

statement, and other documents that

will be placed into OMB’s public docket

files once approved may be requested

from the agency clearance officer, whose

name appears below.

Mary M. McLaughlin, Chief, Financial

Reports Section (202-452-3829),

Division of Research and Statistics,

Board of Governors of the Federal

Reserve System, Washington, DC 20551.

Telecommunications Device for the Deaf

(TDD) users may contact Diane Jenkins

(202-452-3544), Board of Governors of

the Federal Reserve System,

Washington, DC 20551.

Proposal to approve under OMB

delegated authority the extension for

three years, without revision, of the

following report:

1. Report title: Transfer Agent

Registration and Amendment Form

Agency form number: FR TA-1

OMB control number: 7100-0099

Frequency: on occasion

Reporters: State member banks and their

subsidiaries, bank holding companies,

and certain nondeposit trust company

subsidiaries of bank holding companies

who are, or wish to register as, transfer

agents

Annual reporting hours: 28

Estimated average hours per response:

1.25 (registrations); 0.17 (amendments)

Number of respondents: 41

Small businesses are not affected.

General description of report: This

information collection is mandatory

(sections 17A(c), 17(a), and 23(a) of the

Securities Exchange Act, as amended

(15 USC §§78q-1(c)(1) and (2), 78q(a)(3),

and 78w(a)(1)) and is not given

confidential treatment.

Abstract: The Securities Exchange Act

requires any person acting as a transfer

agent to register and to amend

registration information as it changes.

State member banks and their

subsidiaries, bank holding companies,

and certain nondeposit trust company

subsidiaries of bank holding companies

register with the Federal Reserve by

submitting Form TA-1. The information

collected includes the company name,

all business addresses, and several

questions about the registrant’s

proposed activities as a transfer agent.

The Federal Reserve uses the

information, which is available to the

public upon request, to act upon

registration applications and to aid in

performing supervisory duties.

Proposal to approve under OMB

delegated authority the implementation

of the following report:

1. Report title: 1998 Survey of

Consumer Finance

Agency form number: FR 3059

OMB control number: 7100-0287

Frequency: One-time survey

Reporters: U.S. families

Annual reporting hours: 6,900

Estimated average hours per response:

1.5

Number of respondents: 4,600

Small businesses are not affected.

General description of report: This

information collection is voluntary (12

U.S.C. §§ 225a, 1821, 1828(c), 1842, and

1843) and is given confidential

treatment (5 U.S.C. 552(b)(6)).

Abstract: The 1998 Survey of

Consumer Finances would be the sixth

triennial Survey of Consumer Finance

since 1983, the beginning of the current

series. This survey is the only source of

representative information on the

structure of U.S. families’ finances. The

proposed survey, to be conducted

between June and December 1998,

would collect data on the assets, debts,

income, work history, pension rights,

use of financial services, and attitudes

of a sample of U.S. families.

Board of Governors of the Federal Reserve

System, December 4, 1997.

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–32218 Filed 12–9–97; 8:45 am]

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