The Federal Reserve Board is seeking public feedback on a proposal regarding the Central Bank Survey of Foreign Exchange and Derivatives Market Activity, known as FR 3036. This survey, which is conducted every three years, gathers information on foreign exchange transactions as part of a global data collection effort by central banks. Public comments are requested on various aspects of this information collection, such as its necessity, the accuracy of burden estimates, and ways to improve or streamline the process. The Board intends to incorporate revisions to the survey for clearer data collection and enhanced alignment with international standards.
Simple Explanation
The Federal Reserve wants to hear what people think about a survey they do every three years about how different countries trade money and other things like it. They're asking for ideas on how to make their questions better and easier to understand.