[Federal Register Volume 75, Number 109 (Tuesday, June 8, 2010)]
[Notices]
[Pages 32468-32469]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-13760]



=======================================================================

-----------------------------------------------------------------------



FEDERAL RESERVE SYSTEM




Agency Information Collection Activities: Announcement of Board 

Approval Under Delegated Authority and Submission to OMB



SUMMARY: Background. Notice is hereby given of the final approval of 

proposed information collections by the Board of Governors of the 

Federal Reserve System (Board) under OMB delegated authority, as per 5 

CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the 

Public). Board-approved collections of information are incorporated 

into the official OMB inventory of currently approved collections of 

information. Copies of the Paperwork Reduction Act Submission, 

supporting statements and approved collection of information 

instrument(s) are placed into OMB's public docket files. 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.



FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 

Officer--Michelle Shore--Division of Research and Statistics, Board of 

Governors of the Federal Reserve System, Washington, DC 20551 (202-452-

3829).

    OMB Desk Officer--Shagufta Ahmed--Office of Information and 

Regulatory Affairs, Office of Management and Budget, New Executive 

Office Building, Room 10235, Washington, DC 20503.

    Final approval under OMB delegated authority to discontinue the 

following report:

    Report title: Survey of Financial Management Behaviors of Military 

Personnel.

    Agency form number: FR 1375.

    OMB control number: 7100-0307.

    Frequency: Semi-annually.

    Reporters: Military personnel.

    Estimated annual reporting hours: 2,640 hours.



[[Page 32469]]



    Estimated average hours per response: 20 minutes.

    Number of respondents: 4,000.

    General description of report: This information collection is 

voluntary. The statutory basis for collecting this information 

includes: The Truth in Lending Act, 15 U.S.C. 1604(a), The Truth in 

Savings Act, 12 U.S.C. 4308(a), the Equal Credit Opportunity Act, 15 

U.S.C. 1691b, and the Fair Credit Reporting Act, 15 U.S.C. 1681m(h)(6), 

1681s(e)(1). Further, under the Truth in Lending Act, the Board is 

required to report annually to Congress and make recommendations 

concerning the Act, 15 U.S.C. 1613. Respondent participation in the 

survey is voluntary. No issue of confidentiality normally arises 

because names and any other characteristics that would permit personal 

identification of respondents are not reported to the Board.

    Abstract: This survey, which was implemented in 2004, gathers data 

from two groups of military personnel: (1) Those completing a financial 

education course as part of their advanced individualized training and 

(2) those not completing a financial education course. These two groups 

are surveyed on their financial management behaviors and changes in 

their financial situations over time. Data from the survey help to 

determine the effectiveness of financial education for young adults in 

the military and the durability of the effects as measured by financial 

status of those receiving financial education early in their military 

careers.

    Current Actions: On March 25, 2010, the Federal Reserve published a 

notice in the Federal Register (75 FR 14440) seeking public comment for 

60 days on the discontinuance of the Survey of Financial Management 

Behaviors of Military Personnel. The comment period for this notice 

expired on May 24, 2010. The Federal Reserve did not receive any 

comments.

    Final approval under OMB delegated authority of the extension for 

three years, without revision, of the following report:

    Report title: Notification of Nonfinancial Data Processing 

Activities.

    Agency form number: FR 4021.

    OMB control number: 7100-0306.

    Frequency: On occasion.

    Reporters: Bank holding companies.

    Estimated annual reporting hours: 4 hours.

    Estimated average hours per response: 2 hours.

    Number of respondents: 2.

    General description of report: This information collection is 

required to obtain a benefit. (12 U.S.C. 1843(c)(8), (j) and (k)) and 

may be given confidential treatment upon request (5 U.S.C. 552(b)(4)).

    Abstract: Bank holding companies submit this notification to 

request permission to administer the 49-percent revenue limit on 

nonfinancial data processing activities on a business-line or multiple-

entity basis. A request may be filed in a letter form; there is no 

reporting form for this information collection.

    Current Actions: On March 25, 2010, the Federal Reserve published a 

notice in the Federal Register (75 FR 14440) seeking public comment for 

60 days on the proposal to extend, without revision, the Notification 

of Nonfinancial Data Processing Activities. The comment period for this 

notice expired on May 24, 2010. The Federal Reserve did not receive any 

comments.



    Board of Governors of the Federal Reserve System, June 3, 2010.

Jennifer J. Johnson,

Secretary of the Board.

[FR Doc. 2010-13760 Filed 6-7-10; 8:45 am]

BILLING CODE 6210-01-P