Annual Compensation and Salary Survey (FR 29a) and Ad hoc surveys (FR 29b)

Forms and Documents

Document Name	Status
Form FR 29a Annual Compensation and Salary Survey Form	Unchanged
Form FR 29b Ad Hoc Surveys Form	Modified
FR29ab_20140729_omb.final.pdf Supporting Statement A	2014-10-10

IC Document Collections

IC ID	Document Title	Status
36334	Annual Compensation and Salary Survey Form	Unchanged
181947	Ad Hoc Surveys Form	Modified

ICR Details

OMB Control No: 7100-0290	ICR Reference No: 201407-7100-012
Status: Historical Active	Previous ICR Reference No: 201008-7100-001
Agency/Subagency: FRS	Agency Tracking No: FR 29a,b
Title: Annual Compensation and Salary Survey (FR 29a) and Ad hoc surveys (FR 29b)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/13/2014
	Date Received in OIRA: 10/13/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2017	36 Months From Approved	11/30/2014
Responses	85	0	85
Time Burden (Hours)	260	0	260
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Reserve along with other Financial Institutions Reforms, Recovery and Enforcement Act of 1989 (FIRREA) agencies conduct the FR 29a survey jointly. The FR 29b is collected by the Federal Reserve Board. The FR 29a, b collect information on salaries, employee compensation policies, and other employee programs from employers that are considered competitors of the Federal Reserve Board. The data from the surveys primarily are used to determine the appropriate salary structure and salary adjustments for Federal Reserve Board employees so that salary ranges are competitive with other organizations offering similar jobs.

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Authorizing Statute(s): US Code: 12 USC 244 and 248(1) Name of Law: Federal Reserve Act
   US Code: 5 USC 552 ( b)(4) and (6) Name of Law: Freedom of Information Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 43045	07/24/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 59263	10/01/2014
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Ad Hoc Surveys	FR 29b	Ad hoc survey
Annual Compensation and Salary Survey	FR 29a	Annual Compensation and Salary Survey

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	85	85	0	0	0	0
Annual Time Burden (Hours)	260	260	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $23,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 10/13/2014

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