Notice2024-16768
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
July 31, 2024
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 Survey of Consumer Finances (FR 3059; OMB No. 7100-0287).
Full Text
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<title>Federal Register, Volume 89 Issue 147 (Wednesday, July 31, 2024)</title>
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[Federal Register Volume 89, Number 147 (Wednesday, July 31, 2024)]
[Notices]
[Pages 61423-61424]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-16768]
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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
Survey of Consumer Finances (FR 3059; OMB No. 7100-0287).
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, <a href="/cdn-cgi/l/email-protection#721c071a135c171e1f13151a0013101b321400105c151d04"><span class="__cf_email__" data-cfemail="82ecf7eae3ace7eeefe3e5eaf0e3e0ebc2e4f0e0ace5edf4">[email protected]</span></a>, (202)
452-3884.
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 (which contain more detailed
information about the information collections and burden estimates than
this notice), 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/reportingforms/home/review">https://www.federalreserve.gov/apps/reportingforms/home/review</a> or may
be requested from the agency clearance officer, whose name appears
above. On the page displayed at the link above, you can find the
supporting information by referencing the collection identifier, FR
3059.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, Without Revision, of the Following Information Collection
Collection title: Survey of Consumer Finances.
Collection identifier: FR 3059.
OMB control number: 7100-0287.
[[Page 61424]]
General description of collection: This triennial survey is the
only source of representative information on the structure of U.S.
families' finances. The survey collects data on the assets, debts,
income, work history, pension rights, use of financial services, and
attitudes of a sample of U.S. families. Because the ownership of some
assets is relatively concentrated in a small number of families, the
survey makes a special effort to ensure proper representation of such
assets by systematically oversampling wealthier families. For the 2025
survey, the Board will conduct: (1) up to 150 interviews averaging
about 110 minutes as a test or series of tests of the survey procedures
in 2025, and (2) up to 7,000 interviews averaging about 110 minutes
(main survey) between April 2025 and March 2026.
Frequency: Triennial.
Respondents: U.S. families.
Total estimated number of respondents: 7,150.
Total estimated annual burden hours: 4,410.
Current actions: On March 7, 2024, the Board published a notice in
the Federal Register (89 FR 16571) requesting public comment for 60
days on the extension, without revision, of the FR 3059. The comment
period for this notice expired on May 6, 2024. The Board did not
receive any comments.
Board of Governors of the Federal Reserve System, July 25, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-16768 Filed 7-30-24; 8:45 am]
BILLING CODE 6210-01-P
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