Agency Information Collection Activities: Revision of an Information Collection; Comment Request, 15857-15858 [05-6121]

Download as PDF Federal Register / Vol. 70, No. 59 / Tuesday, March 29, 2005 / Notices FEDERAL COMMUNICATIONS COMMISSION Notice of Public Information Collection(s) Being Reviewed by the Federal Communications Commission for Extension Under Delegated Authority March 22, 2005. SUMMARY: The Federal Communications Commission, as part of its continuing effort to reduce paperwork burden invites the general public and other Federal agencies to take this opportunity to comment on the following information collection(s), as required by the Paperwork Reduction Act of 1995, Pub. L. 104–13. An agency may not conduct or sponsor a collection of information unless it displays a currently valid control number. No person shall be subject to any penalty for failing to comply with a collection of information subject to the Paperwork Reduction Act (PRA) that does not display a valid control number. Comments are requested concerning (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission’s burden estimate; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on the respondents, including the use of automated collection techniques or other forms of information technology. DATES: Written Paperwork Reduction Act (PRA) comments should be submitted on or before May 31, 2005. If you anticipate that you will be submitting comments, but find it difficult to do so within the period of time allowed by this notice, you should advise the contact listed below as soon as possible. ADDRESSES: Direct all Paperwork Reduction Act (PRA) comments to Les Smith, Federal Communications Commission, 445 12th Street, SW., Room 1–A804, Washington, DC 20554 or via the Internet to Leslie.Smith@fcc.gov. For additional information or copies of the information collections contact Les Smith at (202) 418–0217 or via the Internet at Leslie.Smith@fcc.gov. SUPPLEMENTARY INFORMATION: OMB Control Number: 3060–0862. Title: Handling Confidential Information. Form Number: N/A. FOR FURTHER INFORMATION CONTACT: VerDate jul<14>2003 17:01 Mar 28, 2005 Jkt 205001 Type of Review: Extension of a currently approved collection. Respondents: Business or other forprofit entities; Not-for-profit institutions; Federal Government; and State, local, or tribal government. Number of Respondents: 600. Estimated Time per Response: 1 to 3 hours. Frequency of Response: Recordkeeping; On occasion reporting requirement; Third party disclosure. Total Annual Burden: 800 hours. Total Annual Cost: None. Privacy Impact Assessment: N/A. Needs and Uses: On August 4, 1998, the FCC released a Report and Order (R&O), Examination of Current Policy Concerning the Treatment of Confidential Information Submitted to the Commission, CG Docket No. 96–55. The R&O included a Model Protective Order (MPO) that is used, when appropriate, to grant limited access to information that the Commission determines should not be routinely available for public inspection. The party granted access to the confidential information materials must keep a written record of all copies made and provide this record to the submitter of the confidential materials upon request. This approach was adopted to facilitate the use of confidential materials under an MPO, instead of restricting access to materials. In addition, the FCC amended 47 CFR 0.459(b) to set forth the type of information that should be included when a party submits information to the Commission for which it seeks confidential treatment. This listing of types of information to be submitted was adopted to provide guidance to the public for confidentiality requests. Federal Communications Commission. Marlene H. Dortch, Secretary. [FR Doc. 05–6174 Filed 3–28–05; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATON Agency Information Collection Activities: Revision of an Information Collection; Comment Request Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the proposed revision of an information collection, as PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 15857 required by the Paperwork Reduction Act (PRA, 44 U.S.C. chapter 35). Currently, the FDIC is soliciting comments concerning an information collection titled ‘‘Account Based Disclosures in Connection with Federal Reserve Regulations E, CC and DD.’’ DATES: Comments must be submitted on or before March 31, 2005. ADDRESSES: Interested parties are invited to submit written comments to Thomas Nixon, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. All comments should refer to ‘‘Account Based Disclosures in Connection with Federal Reserve Regulations E, CC, and DD.’’ Comments may be hand-delivered to the guard station at the rear of the 17th Street Building (located on F Street), on business days between 7 a.m. and 5 p.m. Comments may also be submitted to the OMB desk officer for the FDIC: Mark Menchik, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Thomas Nixon, (202) 898–8766, or at the address above. SUPPLEMENTARY INFORMATION: Proposal to revise the following currently approved collection of information: Title: Account Based Disclosures in Connection with Federal Reserve Regulations E, CC, and DD. OMB Number: 3064–0084. Affected Public: State chartered banks that are not members of the Federal Reserve System. Information about the Collection and Proposed Changes to it: This FDIC information collection provides for the application of Regulations E (Electronic Fund Transfers), CC (Availability of Funds), and DD (Truth in Savings) to state nonmember banks. Regulations E, CC, and DD are issued by the Federal Reserve Board of Governors (FRB) to ensure, among other things, that consumers are provided adequate disclosures regarding accounts, including electronic fund transfer services, availability of funds, and fees and annual percentage yield for deposit accounts. The FDIC is providing this notice in order to keep its Office of Management and Budget (OMB) approved information collection consistent with changes the FRB proposed to Regulation E, 12 CFR part 205, (69 FR 55996, Sept. 17, 2004). Currently, Regulation E requires respondents to provide disclosures of basic terms, costs, and rights relating to electronic fund transfer services. E:\FR\FM\29MRN1.SGM 29MRN1 15858 Federal Register / Vol. 70, No. 59 / Tuesday, March 29, 2005 / Notices If the proposed changes to Regulation E are made final, state nonmember banks will need to modify their Regulation E disclosures to provide initial disclosures that electronic check conversion transactions are a new type of transfer that can be made from a consumer’s account. The FDIC estimates that it will require institutions, on average, one business day to reprogram and update systems to include the new notice concerning electronic check conversion disclosure to their ongoing Regulation E disclosure requirements. The one-time burden would be 42,400 hours (8 hours × 5,300 respondents). If the proposed changes to Regulation E are made final, institutions involved in offering payroll card accounts will be required to ensure compliance with Regulation E and provide disclosure of basic terms, costs, and rights relating to electronic fund transfer services in connection with the payroll card account. Certain information must be disclosed to consumers, including: initial and updated electronic fund transfer terms, transaction information, periodic statements of activity, the consumer’s potential liability for unauthorized transfers, and error resolution rights and procedures. The disclosures are standardized and machine-generated and do not substantively change from one individual account to another; thus, the average time for providing the disclosure to all consumers should be minimal. The FDIC estimates that five state nonmember banks participate in payroll card account programs and that each institution will make approximately 5,000 disclosures which will require an average of 1.5 minutes per disclosure to prepare and distribute, resulting in 625 hours of annual burden. The FDIC estimates that the five institutions will take, on average, 7 hours to prepare and distribute 12 periodic statements for an annual burden of 420 hours. The FDIC estimates that the five respondents will take, on average, 30 minutes for eight error resolution procedures for a total of 20 hours. The payroll card account disclosures would add 1,065 hours of ongoing burden to the current annual Regulation E burden of 28,930 hours. At this time, the FDIC does not believe that any state nonmember banks are engaged in electronic check conversion transactions as a merchant or payee. The FDIC is not proposing to make any changes to the Regulation CC or DD parts of the OMB approved information collection. The FDIC’s burden estimate is based on the FRB’s proposed rule; we will adjust it as VerDate jul<14>2003 17:01 Mar 28, 2005 Jkt 205001 necessary to make it consistent with the FRB’s final rule. Request for Comment Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the information collection, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the collection should be modified prior to submission to OMB for review and approval. Comments submitted in response to this notice also will be summarized or included in the FDIC’s request to OMB for renewal of this collection. All comments will become a matter of public record. Dated in Washington, DC, this 22nd day of March, 2005. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 05–6121 Filed 3–28–05; 8:45 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained from the National Information Center website at www.ffiec.gov/nic/. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than April 22, 2005. A. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30303: 1. Hometown Community Bancshares, Inc., Braselton, Georgia; to become a bank holding company by acquiring 100 percent of the voting shares of Hometown Community Bank of Georgia (in organization), Braselton, Georgia. B. Federal Reserve Bank of Minneapolis (Jacqueline G. Nicholas, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291: 1. Deerwood Bancshares, Inc., Deerwood, Minnesota; to merge with Northome Bancshares, Inc., Northome, Minnesota, and thereby indirectly acquire Northland Community Bank, Northome, Minnesota. Board of Governors of the Federal Reserve System, March 23, 2005. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 05–6102 Filed 3–28–05; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the E:\FR\FM\29MRN1.SGM 29MRN1

Agencies

[Federal Register Volume 70, Number 59 (Tuesday, March 29, 2005)]
[Notices]
[Pages 15857-15858]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-6121]


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FEDERAL DEPOSIT INSURANCE CORPORATON


Agency Information Collection Activities: Revision of an 
Information Collection; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to comment on the proposed revision of an information 
collection, as required by the Paperwork Reduction Act (PRA, 44 U.S.C. 
chapter 35). Currently, the FDIC is soliciting comments concerning an 
information collection titled ``Account Based Disclosures in Connection 
with Federal Reserve Regulations E, CC and DD.''

DATES: Comments must be submitted on or before March 31, 2005.

ADDRESSES: Interested parties are invited to submit written comments to 
Thomas Nixon, Legal Division, Federal Deposit Insurance Corporation, 
550 17th Street, NW., Washington, DC 20429. All comments should refer 
to ``Account Based Disclosures in Connection with Federal Reserve 
Regulations E, CC, and DD.'' Comments may be hand-delivered to the 
guard station at the rear of the 17th Street Building (located on F 
Street), on business days between 7 a.m. and 5 p.m. Comments may also 
be submitted to the OMB desk officer for the FDIC: Mark Menchik, Office 
of Information and Regulatory Affairs, Office of Management and Budget, 
New Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Thomas Nixon, (202) 898-8766, or at 
the address above.

SUPPLEMENTARY INFORMATION: Proposal to revise the following currently 
approved collection of information:
    Title: Account Based Disclosures in Connection with Federal Reserve 
Regulations E, CC, and DD.
    OMB Number: 3064-0084.
    Affected Public: State chartered banks that are not members of the 
Federal Reserve System.
    Information about the Collection and Proposed Changes to it: This 
FDIC information collection provides for the application of Regulations 
E (Electronic Fund Transfers), CC (Availability of Funds), and DD 
(Truth in Savings) to state nonmember banks. Regulations E, CC, and DD 
are issued by the Federal Reserve Board of Governors (FRB) to ensure, 
among other things, that consumers are provided adequate disclosures 
regarding accounts, including electronic fund transfer services, 
availability of funds, and fees and annual percentage yield for deposit 
accounts. The FDIC is providing this notice in order to keep its Office 
of Management and Budget (OMB) approved information collection 
consistent with changes the FRB proposed to Regulation E, 12 CFR part 
205, (69 FR 55996, Sept. 17, 2004). Currently, Regulation E requires 
respondents to provide disclosures of basic terms, costs, and rights 
relating to electronic fund transfer services.

[[Page 15858]]

    If the proposed changes to Regulation E are made final, state 
nonmember banks will need to modify their Regulation E disclosures to 
provide initial disclosures that electronic check conversion 
transactions are a new type of transfer that can be made from a 
consumer's account. The FDIC estimates that it will require 
institutions, on average, one business day to reprogram and update 
systems to include the new notice concerning electronic check 
conversion disclosure to their ongoing Regulation E disclosure 
requirements. The one-time burden would be 42,400 hours (8 hours x 
5,300 respondents).
    If the proposed changes to Regulation E are made final, 
institutions involved in offering payroll card accounts will be 
required to ensure compliance with Regulation E and provide disclosure 
of basic terms, costs, and rights relating to electronic fund transfer 
services in connection with the payroll card account. Certain 
information must be disclosed to consumers, including: initial and 
updated electronic fund transfer terms, transaction information, 
periodic statements of activity, the consumer's potential liability for 
unauthorized transfers, and error resolution rights and procedures. The 
disclosures are standardized and machine-generated and do not 
substantively change from one individual account to another; thus, the 
average time for providing the disclosure to all consumers should be 
minimal.
    The FDIC estimates that five state nonmember banks participate in 
payroll card account programs and that each institution will make 
approximately 5,000 disclosures which will require an average of 1.5 
minutes per disclosure to prepare and distribute, resulting in 625 
hours of annual burden. The FDIC estimates that the five institutions 
will take, on average, 7 hours to prepare and distribute 12 periodic 
statements for an annual burden of 420 hours. The FDIC estimates that 
the five respondents will take, on average, 30 minutes for eight error 
resolution procedures for a total of 20 hours. The payroll card account 
disclosures would add 1,065 hours of ongoing burden to the current 
annual Regulation E burden of 28,930 hours.
    At this time, the FDIC does not believe that any state nonmember 
banks are engaged in electronic check conversion transactions as a 
merchant or payee. The FDIC is not proposing to make any changes to the 
Regulation CC or DD parts of the OMB approved information collection. 
The FDIC's burden estimate is based on the FRB's proposed rule; we will 
adjust it as necessary to make it consistent with the FRB's final rule.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collection, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the information 
collection on respondents, including through the use of automated 
collection techniques or other forms of information technology.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the 
collection should be modified prior to submission to OMB for review and 
approval. Comments submitted in response to this notice also will be 
summarized or included in the FDIC's request to OMB for renewal of this 
collection. All comments will become a matter of public record.

    Dated in Washington, DC, this 22nd day of March, 2005.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 05-6121 Filed 3-28-05; 8:45 am]
BILLING CODE 6714-01-P