Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 73744-73745 [E5-7239]

Download as PDF 73744 Federal Register / Vol. 70, No. 238 / Tuesday, December 13, 2005 / Notices enable the public to understand the potential health risks to children associated with certain chemical exposures. EPA has asked companies that manufacture and/or import 20 chemicals that have been found in human tissues and the environment to volunteer to sponsor their evaluation in VCCEP. VCCEP consists of three tiers that a sponsor may commit to separately. As part of their sponsorship, companies submit commitment letters, collect and/or develop health effects and exposure information on their chemical(s), integrate that information in a risk assessment, and develop a ‘‘Data Needs Assessment.’’ The Data Needs Assessment discusses the need for additional data, which could be provided by the next tier, to fully characterize the risks the chemical may pose to children. The information submitted by the sponsor will be evaluated by a group of scientific experts with extensive, relevant experience in toxicity testing and exposure evaluations, a Peer Consultation Group. This group will forward its opinions to EPA and the sponsor(s) concerning the adequacy of the assessments and the need for development of any additional information to fully assess risks to children. EPA will consider the opinions of the Peer Consultation Group and announce whether additional higher tier information is needed. Sponsors and the public will have an opportunity to comment on EPA’s decision concerning data needs. EPA will consider these comments and issue a final decision. If the final decision is that additional information is needed, sponsors will be asked to volunteer to provide the next tier of information. If additional information is not needed, the risk communication and, if necessary, risk management phases of the program will be initiated. III. What are EPA’s Burden and Cost Estimates for this ICR? Under PRA, ‘‘burden’’ means the total time, effort, or financial resources expended by persons to generate, maintain, retain, or disclose or provide information to or for a Federal Agency. For this collection it includes the time needed to review instructions; develop, acquire, install, and utilize technology and systems for the purposes of collecting, validating, and verifying information, processing and maintaining information, and disclosing and providing information; adjust the existing ways to comply with any previously applicable instructions and requirements; train personnel to be able to respond to a collection of VerDate Aug<31>2005 00:22 Dec 13, 2005 Jkt 208001 information; search data sources; complete and review the collection of information; and transmit or otherwise disclose the information. The ICR provides a detailed explanation of this estimate, which is only briefly summarized in this notice. The annual public burden for this collection of information is estimated to average 231 hours per response. The following is a summary of the estimates taken from the ICR: Respondents/affected entities: Manufacturers or importers of certain chemicals who have volunteered to sponsor chemicals in the VCCEP. Estimated total number of potential respondents: 20. Frequency of response: On occasion. Estimated total/average number of responses for each respondent: 3.5 responses per respondent annually. Estimated total annual burden hours: 106,256 hours. Estimated total annual burden costs: $8,973,067. IV. Are There Changes in the Estimates from the Last Approval? There is a decrease of 48,076 hours (from 154,332 hours to 106,256 hours) in the total estimated respondent burden compared with that identified in the information collection most recently approved by OMB. This decrease represents the net effect of many changes in estimates and assumptions made from the previous VCCEP ICR, based on recent experiences with the VCCEP pilot. First, the estimated number of chemicals participating in the program was reduced from 23 to 20, based on actual participation. Second, because the Tier 1 Peer Consultation Documents submitted thus far to EPA have been so comprehensive (e.g., many have contained information on Tier 2 and Tier 3 level tests), EPA is estimating that fewer chemicals will advance to the higher tiers. V. What is the Next Step in the Process for this ICR? EPA will consider the comments received and amend the ICR as appropriate. The final ICR package will then be submitted to OMB for review and approval pursuant to 5 CFR 1320.12. EPA will issue another Federal Register notice pursuant to 5 CFR 1320.5(a)(1)(iv) to announce the submission of the ICR to OMB and the opportunity to submit additional comments to OMB. If you have any questions about this ICR or the approval process, please contact the technical person listed under FOR FURTHER INFORMATION CONTACT. PO 00000 Frm 00025 Fmt 4703 Sfmt 4703 List of Subjects Environmental protection, Reporting and recordkeeping requirements. Dated: December 2, 2005. Susan B. Hazen, Acting Assistant Administrator, Office of Prevention, Pesticides and Toxic Substances. [FR Doc. 05–23974 Filed 12–12–05; 8:45 am] BILLING CODE 6560–50–S 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: Federal Reserve Board Clearance Officer—Michelle Long—Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202– 452–3829). OMB Desk Officer-Mark Menchik—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503, or e-mail to mmenchik@omb.eop.gov. Final approval under OMB delegated authority of the revision, without extension, of the following reports: Report titles: Report of Changes in Organizational Structure, Report of Changes in FBO Organizational Structure. Agency form number: FR Y–10, FR Y– 10F, and FR Y–10S. OMB control number: 7100–0297. Frequency: Event-generated. E:\FR\FM\13DEN1.SGM 13DEN1 Federal Register / Vol. 70, No. 238 / Tuesday, December 13, 2005 / Notices Reporters: Bank holding companies (BHCs), foreign banking organizations (FBOs), and state member banks unaffiliated with a BHC. Annual reporting hours: 18,004 hours. Estimated average hours per response: 1 hour. Number of respondents: 5,510. General description of report: This information collection is mandatory (12 U.S.C. 248(a)(1), 602, 611a, 1843(k), 1844(c)(1)(A), 3106(a) and 12 CFR 211.13(c), 225.5(b), and 225.87). Individual respondent data are not considered as confidential. However, a company may request confidential treatment pursuant to sections (b)(4) and (b)(6) of the Freedom of Information Act (5 U.S.C. 552(b)(4) and (b)(6)). Abstract: The FR Y–10 is an eventgenerated report filed by top-tier domestic BHCs, including financial holding companies (FHCs), and state member banks unaffiliated with a BHC or FHC, to capture changes in their regulated investments and activities. The Federal Reserve uses the data to monitor structure information on subsidiaries and regulated investments of these entities engaged in both banking and nonbanking activities. The FR Y–10F is an event-generated report filed by FBOs, including FHCs, to capture changes in their regulated investments and activities. The Federal Reserve uses the data to ensure compliance with U.S. banking laws and regulations and to determine the risk profile of the FBO structure. Current action: On September 29, 2005, the Federal Reserve published a notice soliciting comments on the proposed supplement (70 FR 56897). The comment period ended on November 28, 2005. The Federal Reserve received one general comment letter; however, the proposal is unchanged from the one the Board initially approved. In the comment letter, a small commercial bank generally questioned the usefulness of the proposed supplement for supervisory purposes. As described in the initial Federal Register notice, the data would be used to enhance the Federal Reserve’s ability to compare regulatory data to market data and to increase the Federal Reserve’s effectiveness in assessing banking organizations’ compliance with the Sarbanes-Oxley Act of 2002 (SOX). Although the commenter asserted that the Federal Reserve was trying to make non-public organizations comply with SOX, non-public organizations are only required to check two boxes indicating that they have no data to report. Therefore, SOX compliance would not VerDate Aug<31>2005 00:22 Dec 13, 2005 Jkt 208001 be required and the burden for nonpublic organizations should be minimal. As proposed, the Federal Reserve will add a Supplement to the Reports of Changes in Organizational Structure (FR Y–10S) to enhance the Federal Reserve’s ability to compare regulatory data to market data and to increase the Federal Reserve’s effectiveness in assessing banking organizations’ compliance with Sarbanes-Oxley Act of 2002 (SOX). The initial collection of this data will be as of December 31, 2005. The FR Y–10S panel will comprise top-tier BHCs, FBOs, and state member banks that are not controlled by a BHC. All of these organizations currently file either the FR Y–10 or FR Y–10F. However, FBOs will not be required to report data for Schedule B. Board of Governors of the Federal Reserve System, December 7, 2005. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E5–7239 Filed 12–12–05; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection; Comment Request AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC). ACTION: Joint notice and request for comment. SUMMARY: In accordance with the requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the OCC, the Board, and the FDIC (the ‘‘agencies’’) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the agencies’ publication for public comment of a proposal to extend, without revision, the Country Exposure Report (FFIEC 009) and the Country Exposure Information Report (FFIEC 009a), which are currently approved PO 00000 Frm 00026 Fmt 4703 Sfmt 4703 73745 information collections. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the FFIEC should modify the reports. The agencies will then submit the reports to OMB for review and approval. DATES: Comments must be submitted on or before February 13, 2006. ADDRESSES: Interested parties are invited to submit written comments to any or all of the agencies. All comments, which should refer to the OMB control number, will be shared among the agencies. OCC: You should direct your comments to: Communications Division, Office of the Comptroller of the Currency, Public Information Room, Mail stop 1–5, Attention: 1557–0100, 250 E Street, SW., Washington, DC 20219. In addition, comments may be sent by fax to 202–874–4448, or by electronic mail to regs.comments@occ.treas.gov. You can inspect and photocopy the comments at the OCC’s Public Information Room, 250 E Street, SW., Washington, DC 20219. You can make an appointment to inspect the comments by calling 202–874–5043. Board: You may submit comments, identified by FFIEC 009, by any of the following methods: • Agency Web Site: https:// www.federalreserve.gov. Follow the instructions for submitting comments on the https://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. • E-mail: regs.comments@federalreserve.gov. Include docket number in the subject line of the message. • FAX: 202–452–3819 or 202–452– 3102. • Mail: Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, NW., Washington, DC 20551. All public comments are available from the Board’s Web site at https:// www.federalreserve.gov/generalinfo/ foia/ProposedRegs.cfm as submitted, except as necessary for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room MP– 500 of the Board’s Martin Building (20th and C Streets, NW.) between 9 a.m. and 5 p.m. on weekdays. FDIC: You may submit written comments, which should refer to E:\FR\FM\13DEN1.SGM 13DEN1

Agencies

[Federal Register Volume 70, Number 238 (Tuesday, December 13, 2005)]
[Notices]
[Pages 73744-73745]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-7239]


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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: Federal Reserve Board Clearance 
Officer--Michelle Long--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829). OMB Desk Officer-Mark Menchik--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503, or e-mail to 
mmenchik@omb.eop.gov.
    Final approval under OMB delegated authority of the revision, 
without extension, of the following reports:
    Report titles: Report of Changes in Organizational Structure, 
Report of Changes in FBO Organizational Structure.
    Agency form number: FR Y-10, FR Y-10F, and FR Y-10S.
    OMB control number: 7100-0297.
    Frequency: Event-generated.

[[Page 73745]]

    Reporters: Bank holding companies (BHCs), foreign banking 
organizations (FBOs), and state member banks unaffiliated with a BHC.
    Annual reporting hours: 18,004 hours.
    Estimated average hours per response: 1 hour.
    Number of respondents: 5,510.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248(a)(1), 602, 611a, 1843(k), 1844(c)(1)(A), 
3106(a) and 12 CFR 211.13(c), 225.5(b), and 225.87). Individual 
respondent data are not considered as confidential. However, a company 
may request confidential treatment pursuant to sections (b)(4) and 
(b)(6) of the Freedom of Information Act (5 U.S.C. 552(b)(4) and 
(b)(6)).
    Abstract: The FR Y-10 is an event-generated report filed by top-
tier domestic BHCs, including financial holding companies (FHCs), and 
state member banks unaffiliated with a BHC or FHC, to capture changes 
in their regulated investments and activities. The Federal Reserve uses 
the data to monitor structure information on subsidiaries and regulated 
investments of these entities engaged in both banking and nonbanking 
activities.
    The FR Y-10F is an event-generated report filed by FBOs, including 
FHCs, to capture changes in their regulated investments and activities. 
The Federal Reserve uses the data to ensure compliance with U.S. 
banking laws and regulations and to determine the risk profile of the 
FBO structure.
    Current action: On September 29, 2005, the Federal Reserve 
published a notice soliciting comments on the proposed supplement (70 
FR 56897). The comment period ended on November 28, 2005. The Federal 
Reserve received one general comment letter; however, the proposal is 
unchanged from the one the Board initially approved.
    In the comment letter, a small commercial bank generally questioned 
the usefulness of the proposed supplement for supervisory purposes. As 
described in the initial Federal Register notice, the data would be 
used to enhance the Federal Reserve's ability to compare regulatory 
data to market data and to increase the Federal Reserve's effectiveness 
in assessing banking organizations' compliance with the Sarbanes-Oxley 
Act of 2002 (SOX). Although the commenter asserted that the Federal 
Reserve was trying to make non-public organizations comply with SOX, 
non-public organizations are only required to check two boxes 
indicating that they have no data to report. Therefore, SOX compliance 
would not be required and the burden for non-public organizations 
should be minimal.
    As proposed, the Federal Reserve will add a Supplement to the 
Reports of Changes in Organizational Structure (FR Y-10S) to enhance 
the Federal Reserve's ability to compare regulatory data to market data 
and to increase the Federal Reserve's effectiveness in assessing 
banking organizations' compliance with Sarbanes-Oxley Act of 2002 
(SOX). The initial collection of this data will be as of December 31, 
2005.
    The FR Y-10S panel will comprise top-tier BHCs, FBOs, and state 
member banks that are not controlled by a BHC. All of these 
organizations currently file either the FR Y-10 or FR Y-10F. However, 
FBOs will not be required to report data for Schedule B.

Board of Governors of the Federal Reserve System, December 7, 2005.
Jennifer J. Johnson,
Secretary of the Board.
 [FR Doc. E5-7239 Filed 12-12-05; 8:45 am]
BILLING CODE 6210-01-P
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