[Federal Register Volume 63, Number 128 (Monday, July 6, 1998)]
[Notices]
[Page 36409]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17744]
-----------------------------------------------------------------------
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 a
proposed information collection 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 OMB 83-Is and 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:
Chief, Financial Reports Section--Mary M. McLaughlin--Division of
Research and Statistics, Board of Governors of the Federal Reserve
System, Washington, DC 20551 (202-452-3829)
OMB Desk Officer--Alexander T. Hunt--Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, DC 20503 (202-395-7860)
Final approval under OMB delegated authority of the implementation
of the following report:
1. Report title: Survey of Small Business Finances
Agency form number: FR 3044
OMB Control number: 7100-0262
Frequency: one-time
Reporters: small businesses
Annual reporting hours: 6,100
Estimated average hours per response: 1
Number of respondents: 6,100
Small businesses are affected.
General description of report: This information collection is
voluntary (12 U.S.C. 252, 1817(j), 1828(c), and 1841 et seq.).
Individual respondent data are provided in a public-use file. However,
any information that could identify respondent firms, or the financial
institutions that they use, will be excluded from the public data set
pursuant to the Freedom of Information Act (5 U.S.C. Sec. 552(b)(4)).
Abstract: The FR 3044 will be similar to the 1987 and 1993 National
Surveys of Small Business Finances (OMB Nos. 7100-0234 and 7100-0262,
respectively). In part, this survey is being conducted to collect
information needed to satisfy the requirements of Section 2227 of the
Economic Growth and Regulatory Paperwork Reduction Act of 1996. This
law requires the Board to conduct a study and submit a report to the
Congress every five years ``...detailing the extent of small business
lending by all creditors....''
The FR 3044 would gather data from small businesses on their
financial relationships, credit experiences, lending terms and
conditions, income and balance sheet information, the location and
types of financial institutions used, and other firm characteristics.
In conjunction with Board staff, a private survey firm would conduct
small focus groups to investigate emerging issues in small business
finance and update the 1993 questionnaire. The survey firm would then
conduct two pretests with a minimum of fifty small business firms in
each pretest. Following revisions to the questionnaire, the survey
would be conducted by means of computer-assisted telephone interviews
with approximately 6,000 randomly selected small business firms.
Interviewing would likely commence in early 1999.
Board of Governors of the Federal Reserve System, June 29, 1998.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 98-17744 Filed 7-2-98; 8:45AM]
Billing Code 6210-01-F
