Notice2022-03471
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 17, 2022
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Application Form for Membership on the Community Advisory Committee Council (FR 1401; OMB No. 7100-0371).
Full Text
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<title>Federal Register, Volume 87 Issue 33 (Thursday, February 17, 2022)</title>
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[Federal Register Volume 87, Number 33 (Thursday, February 17, 2022)]
[Notices]
[Pages 9055-9056]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-03471]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
is adopting a proposal to extend for three years, without revision, the
Application Form for Membership on the Community Advisory Committee
Council (FR 1401; OMB No. 7100-0371).
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve System, Washington, DC 20551, (202)
452-3829.
Office of Management and Budget (OMB) Desk Officer for the Federal
Reserve Board, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 10235, 725
17th Street NW, Washington, DC 20503, or by fax to (202) 395-6974.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the Paperwork Reduction Act (PRA) to approve and assign
OMB control numbers to collections of information conducted or
sponsored by the Board. Board-approved collections of information are
incorporated into the official OMB inventory of currently approved
collections of information. The OMB inventory, as well as copies of the
PRA Submission, supporting statements, and approved collection of
information instrument(s) are available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>. These documents are also available on the Federal
Reserve Board's public website at <a href="https://www.federalreserve.gov/apps/reportforms/review.aspx">https://www.federalreserve.gov/apps/reportforms/review.aspx</a> or may be requested from the agency clearance
officer, whose name appears above.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, Without Revision, of the Following Information Collection
Report title: Application Form for Membership on the Community
Advisory Committee Council.
Agency form number: FR 1401.
OMB control number: 7100-0371.
Frequency: Annually.
Respondents: Any person seeking to be considered for membership on
the Community Advisory Committee (CAC) Council.
Estimated number of respondents: 300.
Estimated average hours per response: 1.
Estimated annual burden hours: 300.
General description of report: The CAC Application (Application) is
used to obtain information about the experience and qualification of
persons seeking to be considered for membership on the CAC of the
Board. The Application collects an applicant's contact information;
details regarding current employment and areas of expertise; a resume,
which typically includes information about employment history,
education, and training; and a cover letter explaining why the
applicant is interested in serving on the CAC and what he or she
believes are their primary qualifications. Applicants can voluntarily
elect to provide additional information to support their application.
Legal authorization and confidentiality: The Application is
authorized pursuant to sections 2A and 10 of the Federal Reserve Act
(FRA).\1\ Section 2A of the FRA requires the Board and Federal Open
Market Committee to ``maintain long run growth of the monetary and
credit aggregates commensurate with the economy's long run potential to
increase production, so as to promote effectively the goals of maximum
employment,
[[Page 9056]]
stable prices, and moderate long-term interest rates.'' \2\ Section 10
of the FRA authorizes the Board to ``determine and prescribe the manner
in which its obligations shall be incurred and its disbursements and
expenses allowed and paid.'' \3\ Providing information collected as
part of the Application is required to obtain a benefit.
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\1\ 12 U.S.C. 225a and 244.
\2\ 12 U.S.C. 225a.
\3\ 12 U.S.C. 244. This authority permits the Board to collect
personal information (e.g., bank account routing numbers) needed to
disburse travel funds to CAC members.
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Generally, information provided on the Application may be kept
confidential from the public under exemption 6 of the Freedom of
Information Act (FOIA) to the extent that the disclosure of the
information ``would constitute a clearly unwarranted invasion of
personal privacy.'' For example, the release of information such as the
applicant's address, home telephone number, or personal email address
to the public would likely constitute a clearly unwarranted invasion of
personal privacy and be kept confidential. However, the release of
information such as the educational and professional qualifications of
successful applicants would not likely constitute a clearly unwarranted
invasion of personal privacy and may be disclosed under the FOIA. In
addition, once a person becomes a member of the CAC, their name, and
the name and location of the organization where they are employed,
would generally be listed on the Board's public website.
Current actions: On October 5, 2021, the Board published a notice
in the Federal Register (86 FR 54977) requesting public comment for 60
days on the extension, without revision, of the Application Form for
Membership on the Community Advisory Committee Council. The comment
period for this notice expired on December 6, 2021. The Board did not
receive any comments.
Board of Governors of the Federal Reserve System, February 14,
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-03471 Filed 2-16-22; 8:45 am]
BILLING CODE 6210-01-P
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