[Federal Register Volume 62, Number 237 (Wednesday, December 10, 1997)]
[Notices]
[Page 65080]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-32218]



[[Page 65080]]

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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice.

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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 Secs. 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. Secs.  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]
BILLING CODE 6210-01-F