Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 18761-18762 [E6-5351]

Download as PDF Federal Register / Vol. 71, No. 70 / Wednesday, April 12, 2006 / Notices FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System SUMMARY: Background. Notice is hereby given of the final approval of proposed information collections 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 email to mmenchik@omb.eop.gov. AGENCY: wwhite on PROD1PC61 with NOTICES Final approval under OMB delegated authority of the extension for three years, without revision, of the following report: 1. Report title: Bank Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates Agency form number: FR Y–8 OMB control number: 7100–0126 Frequency: Quarterly Reporters: All top–tier bank holding companies (BHCs), including financial holding companies (FHCs), and foreign banking organizations (FBOs) that directly own U.S. subsidiary banks. Annual reporting hours: 53,419 hours Estimated average hours per response: Institutions with covered transactions: 7.8 hours; institutions without covered transactions: 1 hour Number of respondents: 6,310 General description of report: This information collection is mandatory VerDate Aug<31>2005 17:42 Apr 11, 2006 Jkt 208001 (section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)) and section 225.5(b) of Regulation Y (12 CFR 225.5(b)) and is given confidential treatment (5 U.S.C 552(b)(4) and (8)). Abstract: This reporting form collects information on transactions between an insured depository institution and its affiliates that are subject to section 23A of the Federal Reserve Act. The primary purpose of the data is to enhance the Federal Reserve’s ability to monitor bank exposures to affiliates and to ensure banks’ compliance with section 23A of the Federal Reserve Act. Section 23A of the Federal Reserve Act is one of the most important statutes on limiting exposures to individual institutions and protecting against the expansion of the federal safety net. Discontinuation of the following reports: 1. Report title: Weekly Report of Eurodollar Liabilities Held by Selected U.S. Addressees at Foreign Offices of U.S. Banks Agency form number: FR 2050 OMB Control number: 7100–0068 Effective Date: Respondents submitted their final data for the reporting week ending March 6, 2006. Frequency: Weekly Reporters: Foreign branches and banking subsidiaries of U.S. depository institutions. Annual reporting hours: 1,872 hours Estimated average hours per response: 1.0 hour Number of respondents: 36 General description of report: This information collection is voluntary (12 U.S.C.§§ 248(a)(2), 353 et seq., 461, 602, and 625). Individual respondent’s data are confidential under section (b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)). Abstract: This reporting form collected data on Eurodollar deposits payable to nonbank U.S. addressees from foreign branches and subsidiaries of U.S. commercial banks and Edge and agreement corporations. The data were used for the construction of the Eurodollar component of the monetary aggregates and for analysis of banks’ liability management practices. Current Actions: The Board of Governors of the Federal Reserve System announced on November 10, 2005, that it would cease publication of the M3 monetary aggregate on March 23, 2006. M3 does not appear to contain any additional information about economic activity that is not already embodied in M2. Moreover, the role of M3 in the monetary policy process has greatly diminished over time. The costs to the Federal Reserve and the private sector of PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 18761 collecting data and publishing M3 now outweigh the benefits. The discontinuation of this report will reduce private sector burden by 1,872 hours per year. On January 24, 2006, the Federal Reserve published a notice soliciting comments on the proposed discontinuance to the FR 2050 reporting form (71 FR 3844). The comment period ended on March 27, 2006. The Federal Reserve did not receive any comments on the discontinuance. 2. Report title: Report of Repurchase Agreements (RPs) on U.S. Government and Federal Agency Securities with Specified Holders Agency form number: FR 2415 OMB Control number: 7100–0074 Effective Date: Weekly reporters submitted their final FR 2415 for the report week ending March 6, 2006. Quarterly reporters submitted their final data for the week containing the last calendar day of December 2005. Annual reporters submitted their final data for the week containing June 30, 2005. Frequency: Weekly, quarterly, or annually Reporters: U.S chartered commercial banks, U.S branches and agencies of foreign banks, thrift institutions, and credit unions Annual reporting hours: 2,615 hours Estimated average hours per response: 30 minutes Number of respondents: 84 weekly, 128 quarterly, and 350 annually Small businesses are not affected. General description of report: This information collection is voluntary (12 U.S.C. 248(a)(2) and 3105(b)) and is given confidential treatment (5 U.S.C. 552(b)(4)). Abstract: This reporting form collected one data item, repurchase agreements (RPs), in denominations of $100,000 or more, in immediately– available funds, on U.S. government and federal agency securities, transacted with specified holders. Depository institutions submitted the FR 2415 weekly, quarterly or annually depending on the volume of their RPs. In general, the larger the respondent’s level of RPs, the more frequent the submissions. The weekly panel submitted daily data once each week; the quarterly panel files daily data for the four one–week reporting periods that contain quarter–end dates; the annual panel submitted daily data only for the week encompassing June 30 each year. The primary purpose of the data was for construction of the RP component of the M3 monetary aggregate and for analysis of depository institutions’ funding practices. Current Actions: The Board of Governors of the Federal Reserve E:\FR\FM\12APN1.SGM 12APN1 18762 Federal Register / Vol. 71, No. 70 / Wednesday, April 12, 2006 / Notices System announced on November 10, 2005, that it would cease publication of the M3 monetary aggregate on March 23, 2006. M3 does not appear to contain any additional information about economic activity that is not already embodied in M2. Moreover, the role of M3 in the monetary policy process has greatly diminished over time. The costs to the Federal Reserve and the private sector of collecting data and publishing M3 now outweigh the benefits. The discontinuation of this report will reduce private sector burden by 2,615 hours per year. On January 24, 2006, the Federal Reserve published a notice soliciting comments on the proposed discontinuance to the FR 2415 reporting form (71 FR 3844). The comment period ended on March 27, 2006. The Federal Reserve did not receive any comments on the discontinuance. Board of Governors of the Federal Reserve System, April 7, 2006. Jennifer J. Johnson Secretary of the Board. [FR Doc. E6–5351 Filed 4–11–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM wwhite on PROD1PC61 with NOTICES 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 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 VerDate Aug<31>2005 19:56 Apr 11, 2006 Jkt 208001 from the National Information Center Web site at https://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 May 5, 2006. A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) 411 Locust Street, St. Louis, Missouri 63166-2034: 1. Community Bank Shares of Indiana, Inc., and CBIN Subsidiary, Inc., both of New Albany, Indiana; to acquire 100 percent of the voting shares of The Bancshares, Inc., Scottsburg, Indiana, and thereby indirectly acquire voting shares of The Scott County State Bank, Scottsburg, Indiana. In connection with this application, CBIN Subsidiary, Inc., New Albany, Indiana, has applied to become a bank holding company by acquiring 100 percent of the voting shares of The Bancshares, Inc., Scottsburg, Indiana, and thereby indirectly acquire voting shares of The Scott County State Bank, Scottsburg, Indiana. Board of Governors of the Federal Reserve System, April 6, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–5348 Filed 4–11–06; 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 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 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 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 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 Web site at https://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 May 8, 2006. A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-1521: 1. Franklin Financial Services Corporation, Chambersburg, Pennsylvania; to merge with Fulton Bancshares Corporation, McConnellsburg, Pennsylvania, and thereby indirectly acquire voting shares of The Fulton County National Bank and Trust Company, McConnellsburg, Pennsylvania. B. Federal Reserve Bank of Kansas City (Donna J. Ward, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001: 1. Docking Bancshares, Inc., Arkansas City, Kansas; to acquire 100 percent of the voting shares of City National Bancshares, Inc., Guymon, Oklahoma, and thereby indirectly acquire voting shares of The City National Bank and Trust Company of Guymon, Guymon, Oklahoma. 2. Republic Corporation, Omaha, Nebraska; to become a bank holding company by acquiring 100 percent of the voting shares of United Republic Bank, Omaha, Nebraska (in organization). Board of Governors of the Federal Reserve System, April 7, 2006. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E6–5353 Filed 4–11–06; 8:45 am] BILLING CODE 6210–01–S DEPARTMENT OF HEALTH AND HUMAN SERVICES Office of the National Coordinator: American Health Information Community Meeting; Cancellation and New Meeting Date SUMMARY: This notice announces the fifth meeting of the American Health Information Community in accordance with the Federal Advisory Committee Act (Pub. L. 92–463, 5 U.S.C., App.) The American Health Information Community will advise the Secretary and recommend specific actions to E:\FR\FM\12APN1.SGM 12APN1

Agencies

[Federal Register Volume 71, Number 70 (Wednesday, April 12, 2006)]
[Notices]
[Pages 18761-18762]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-5351]



[[Page 18761]]

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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System
SUMMARY: Background.
    Notice is hereby given of the final approval of proposed 
information collections 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 email to 
mmenchik@omb.eop.gov.

Final approval under OMB delegated authority of the extension for three 
years, without revision, of the following report:

    1. Report title: Bank Holding Company Report of Insured Depository 
Institutions' Section 23A Transactions with Affiliates
    Agency form number: FR Y-8
    OMB control number: 7100-0126
    Frequency: Quarterly
    Reporters: All top-tier bank holding companies (BHCs), including 
financial holding companies (FHCs), and foreign banking organizations 
(FBOs) that directly own U.S. subsidiary banks.
    Annual reporting hours: 53,419 hours
    Estimated average hours per response: Institutions with covered 
transactions: 7.8 hours; institutions without covered transactions: 1 
hour
    Number of respondents: 6,310
    General description of report: This information collection is 
mandatory (section 5(c) of the Bank Holding Company Act (12 U.S.C. 
1844(c)) and section 225.5(b) of Regulation Y (12 CFR 225.5(b)) and is 
given confidential treatment (5 U.S.C 552(b)(4) and (8)).
    Abstract: This reporting form collects information on transactions 
between an insured depository institution and its affiliates that are 
subject to section 23A of the Federal Reserve Act. The primary purpose 
of the data is to enhance the Federal Reserve's ability to monitor bank 
exposures to affiliates and to ensure banks' compliance with section 
23A of the Federal Reserve Act. Section 23A of the Federal Reserve Act 
is one of the most important statutes on limiting exposures to 
individual institutions and protecting against the expansion of the 
federal safety net.

Discontinuation of the following reports:

    1. Report title: Weekly Report of Eurodollar Liabilities Held by 
Selected U.S. Addressees at Foreign Offices of U.S. Banks
    Agency form number: FR 2050
    OMB Control number: 7100-0068
    Effective Date: Respondents submitted their final data for the 
reporting week ending March 6, 2006.
    Frequency: Weekly
    Reporters: Foreign branches and banking subsidiaries of U.S. 
depository institutions.
    Annual reporting hours: 1,872 hours
    Estimated average hours per response: 1.0 hour
    Number of respondents: 36
    General description of report: This information collection is 
voluntary (12 U.S.C.Sec. Sec.  248(a)(2), 353 et seq., 461, 602, and 
625). Individual respondent's data are confidential under section 
(b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)).
    Abstract: This reporting form collected data on Eurodollar deposits 
payable to nonbank U.S. addressees from foreign branches and 
subsidiaries of U.S. commercial banks and Edge and agreement 
corporations. The data were used for the construction of the Eurodollar 
component of the monetary aggregates and for analysis of banks' 
liability management practices.
    Current Actions: The Board of Governors of the Federal Reserve 
System announced on November 10, 2005, that it would cease publication 
of the M3 monetary aggregate on March 23, 2006. M3 does not appear to 
contain any additional information about economic activity that is not 
already embodied in M2. Moreover, the role of M3 in the monetary policy 
process has greatly diminished over time. The costs to the Federal 
Reserve and the private sector of collecting data and publishing M3 now 
outweigh the benefits. The discontinuation of this report will reduce 
private sector burden by 1,872 hours per year. On January 24, 2006, the 
Federal Reserve published a notice soliciting comments on the proposed 
discontinuance to the FR 2050 reporting form (71 FR 3844). The comment 
period ended on March 27, 2006. The Federal Reserve did not receive any 
comments on the discontinuance.
    2. Report title: Report of Repurchase Agreements (RPs) on U.S. 
Government and Federal Agency Securities with Specified Holders
    Agency form number: FR 2415
    OMB Control number: 7100-0074
    Effective Date: Weekly reporters submitted their final FR 2415 for 
the report week ending March 6, 2006. Quarterly reporters submitted 
their final data for the week containing the last calendar day of 
December 2005. Annual reporters submitted their final data for the week 
containing June 30, 2005.
    Frequency: Weekly, quarterly, or annually
    Reporters: U.S chartered commercial banks, U.S branches and 
agencies of foreign banks, thrift institutions, and credit unions
    Annual reporting hours: 2,615 hours
    Estimated average hours per response: 30 minutes
    Number of respondents: 84 weekly, 128 quarterly, and 350 annually
    Small businesses are not affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. 248(a)(2) and 3105(b)) and is given confidential 
treatment (5 U.S.C. 552(b)(4)).
    Abstract: This reporting form collected one data item, repurchase 
agreements (RPs), in denominations of $100,000 or more, in immediately-
available funds, on U.S. government and federal agency securities, 
transacted with specified holders. Depository institutions submitted 
the FR 2415 weekly, quarterly or annually depending on the volume of 
their RPs. In general, the larger the respondent's level of RPs, the 
more frequent the submissions. The weekly panel submitted daily data 
once each week; the quarterly panel files daily data for the four one-
week reporting periods that contain quarter-end dates; the annual panel 
submitted daily data only for the week encompassing June 30 each year. 
The primary purpose of the data was for construction of the RP 
component of the M3 monetary aggregate and for analysis of depository 
institutions' funding practices.
    Current Actions: The Board of Governors of the Federal Reserve

[[Page 18762]]

System announced on November 10, 2005, that it would cease publication 
of the M3 monetary aggregate on March 23, 2006. M3 does not appear to 
contain any additional information about economic activity that is not 
already embodied in M2. Moreover, the role of M3 in the monetary policy 
process has greatly diminished over time. The costs to the Federal 
Reserve and the private sector of collecting data and publishing M3 now 
outweigh the benefits. The discontinuation of this report will reduce 
private sector burden by 2,615 hours per year. On January 24, 2006, the 
Federal Reserve published a notice soliciting comments on the proposed 
discontinuance to the FR 2415 reporting form (71 FR 3844). The comment 
period ended on March 27, 2006. The Federal Reserve did not receive any 
comments on the discontinuance.

    Board of Governors of the Federal Reserve System, April 7, 2006.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. E6-5351 Filed 4-11-06; 8:45 am]
BILLING CODE 6210-01-S
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