Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 28031-28032 [E6-7295]

Download as PDF jlentini on PROD1PC65 with NOTICES Federal Register / Vol. 71, No. 93 / Monday, May 15, 2006 / Notices Final approval under OMB delegated authority of the extension for three years, without revision, of the following collections of information: 1. Report title: Notice Requirements in Connection with Regulation W (12 CFR Part 223 Transactions Between Member Banks and Their Affiliates) Agency form number: Reg W OMB control number: 7100–0304 Frequency: Event–generated Reporters: Insured depository institutions and uninsured member banks Estimated annual reporting hours: 250 hours Estimated average hours per response: Loan participation renewal notice, 2 hours; Acquisition notice, 6 hours; Internal corporate reorganization transactions notice, 6 hours; and Section 23A additional exemption notice, 10 hours. Estimated number of respondents: 45 General description of report: This information collection is required to evidence compliance with sections 23A and 23B of the Federal Reserve Act (12 U.S.C. 371c(f) and 371c–1(e)). Confidential and proprietary information collected for the purposes of the Loan Participation Renewal notice 12 CFR 223.15(b)(4) may be protected under the authority of the Freedom of Information Act (5U.S.C. § 552(b)(4) and (b)(8)). Section (b)(4) exempts information deemed competitively sensitive from disclosure and Section (b)(8) exempts information ‘‘contained in or related to examination, operating, or condition reports prepared by, on behalf of, or for the use of an agency responsible for the regulation or supervision of financial institutions.’’ Abstract: Effective April 1, 2003, the Federal Reserve issued Regulation W to implement comprehensively sections 23A and 23B. The Federal Reserve decided to issue such a rule for several reasons. First, the regulatory framework established by the Gramm–Leach–Bliley Act emphasizes the importance of sections 23A and 23B as a means to protect depository institutions from losses in transactions with affiliates. In addition, adoption of a comprehensive rule simplified the interpretation and application of sections 23A and 23B, ensured that the statute is consistently interpreted and applied, and minimized burden on banking organizations to the extent consistent with the statute’s goals. Finally, issuing a comprehensive rule allowed the public an opportunity to comment on Federal Reserve interpretations of sections 23A and 23B. On December 12, 2002, the Federal Reserve published a Federal Register notice (67 FR 76603) adopting Reg W. VerDate Aug<31>2005 16:54 May 12, 2006 Jkt 208001 On March 3, 2006, the Federal Reserve published a notice soliciting comment on this proposal, Regulation W (71 FR 10971). The comment period ended on May 2, 2006. The Federal Reserve did not receive any comments. 2. Report title: Recordkeeping and Disclosure Requirements of Regulation Z Agency form number: Reg Z OMB control number: 7100–0199 Frequency: Event–generated Reporters: State member banks, branches and agencies of foreign banks (other than federal branches, Federal agencies, and insured state branches of foreign banks), commercial lending companies owned or controlled by foreign banks, and organizations operating under section 25 or 25A of the Federal Reserve Act. Annual reporting hours: Open–end credit––initial disclosure, 28,463 hours; open–end credit––updated disclosures, 41,250 hours; periodic statements, 125,952 hours; error resolution––credit cards, 22,260 hours; error resolution–– other open–end credit, 1,312 hours; credit & charge card––solicitations and applications, 29,952 hours; home equity plans––applications disclosure, 13,983 hours; home equity plan––restrictions disclosure, 354 hours; closed–end credit disclosures, 351,354 hours; HOEPA pre– closing disclosures, 425 hours; and advertising, 2,733 hours. Estimated average hours per response: Open–end credit–– initial disclosure, 1.5 minutes; open–end credit––updated disclosures, 1 minute; periodic statements, 8 hours; error resolution–– credit cards, 30 minutes; error resolution––other open–end credit, 30 minutes; credit & charge card–– solicitations and applications, 8 hours; home equity plans––applications disclosure, 1.5 minutes; home equity plan––restrictions disclosure, 3 minutes; closed–end credit disclosures, 6.5 minutes; HOEPA pre–closing disclosures, 3 minutes; and advertising rules, 25 minutes. Number of respondents: State member banks, 947; branches and agencies of foreign banks (other than Federal branches, Federal agencies, and insured state branches of foreign banks), 287; commercial lending companies owned or controlled by foreign banks, 3; and organizations operating under section 25 or 25A of the Federal Reserve Act, 75. General description of report: This information collection is mandatory (15 U.S.C. 1601, 1604(a)). Since the Federal Reserve does not collect any information, no issue of confidentiality arises. Transaction– or account–specific disclosures and billing error allegations PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 28031 are not publicly available and are confidential between the creditor and the consumer. General disclosures of credit terms that appear in advertisements or take–one applications are available to the public. Abstract: TILA and Regulation Z require disclosure of the costs and terms of credit to consumers. For open–end credit (revolving credit accounts), creditors are required to disclose information about the initial costs and terms and to provide periodic statements of account activity, notices of changes in terms, and statements of rights concerning billing error procedures. There are special disclosure requirements for credit and charge card applications and solicitations, as well as for home equity plans. For closed–end loans, such as mortgage and installment loans, cost disclosures are required to be provided prior to consummation. Special disclosures are required of certain products, such as reverse mortgages, certain variable rate loans, and certain mortgages with rates and fees above specified thresholds. TILA and Regulation Z also contain rules concerning credit advertising. On March 3, 2006, the Federal Reserve published a notice soliciting comment on this proposal, Regulation Z (71 FR 10971). The comment period ended on May 2, 2006. The Federal Reserve did not receive any comments. Board of Governors of the Federal Reserve System, May 9, 2006. Jennifer J. Johnson Secretary of the Board. [FR Doc. E6–7303 Filed 5–12–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the office of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments E:\FR\FM\15MYN1.SGM 15MYN1 28032 Federal Register / Vol. 71, No. 93 / Monday, May 15, 2006 / Notices must be received not later than May 30, 2006. A. Federal Reserve Bank of Kansas City (Donna J. Ward, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001: 1. Gary Pfrang, Goff, Kansas; to acquire voting shares of Farmers State Bankshares, Inc., and thereby indirectly acquire voting shares of The Farmers State Bank, both of Circleville, Kansas. Board of Governors of the Federal Reserve System, May 9, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–7295 Filed 5–12–06; 8:45 am] their subsidiary, Hill Samuel, Inc. (to be renamed Lloyds TSB Rail Capital, Inc., New York, New York), in personal property leasing and related lending activities, pursuant to sections 225.28(b)(1) and (b)(3) of Regulation Y. Board of Governors of the Federal Reserve System, May 9, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc.E6–7294 Filed 5–12–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL TRADE COMMISSION Sunshine Act Meeting Notice BILLING CODE 6210–01–S Federal Trade Commission. 2 p.m., Wednesday, May 17, 2006. PLACE: Federal Trade Commission Building, Room 532, 600 Pennsylvania Avenue, NW., Washington, DC 20580. STATUS: Part of this meeting will be open to the public. The rest of the meeting will be closed to the public. MATTERS TO BE CONSIDERED: AGENCY: TIME AND DATE: FEDERAL RESERVE SYSTEM jlentini on PROD1PC65 with NOTICES Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y (12 CFR part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act. Additional information on all bank holding companies may be obtained from the National Information Center Web site at http://www.ffiec.gov/ nic/. Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than May 30, 2006. A. Federal Reserve Bank of New York (Anne McEwen, Financial Specialist) 33 Liberty Street, New York, New York 10045-0001: 1. Lloyds TSB Bank PLC, and Lloyds TSB Group PLC, both of London, England, to engage de novo through VerDate Aug<31>2005 16:54 May 12, 2006 Jkt 208001 Portion Open to Public (1) Oral Argument in the matter of Evanston Northwestern Healthcare Corporation et al., Docket 9315. Portion Closed to the Public (2) Executive Session to follow Oral Argument in Evanston Northwestern Healthcare Corporation et al., Docket 9315. CONTACT PERSON FOR MORE INFORMATION: Mitch Katz, Office of Public Affairs: (202) 326–2180, Recorded Message: (202) 326–2711. Donald S. Clark, Secretary, (202) 326–2514. [FR Doc. 06–4586 Filed 5–11–06; 3:55 pm] BILLING CODE 6750–01–M GOVERNMENT ACCOUNTABILITY OFFICE Appointments to the Medicare Payment Advisory Commission Government Accountability Office (GAO) ACTION: Notice of appointments. AGENCY: SUMMARY: The Balanced Budget Act of 1997 established the Medicare Payment Advisory Commission (MedPac) and gave the Comptroller General responsibility for appointing its members. This notice announces four new appointments and two reappointments to fill the vacancies occurring this year. PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 Appointments are effective May 1, 2006 through April 30, 2009. ADDRESSES: GAO: 441 G Street, NW, Washington, DC 20548; MedPac: 601 New Jersey Avenue, NW., Suite 9000, Washington, DC 20001. FOR FURTHER INFORMATION CONTACT: GAO: Office of Public Affairs, (202) 512–4800; MedPac: Mark E. Miller, Ph.D., (202) 220–3700. SUPPLEMENTARY INFORMATION: To fill this year’s vacancies I am announcing the following: Newly appointed members are Mitra Behroozi, J.D., executive director, 1199SEIU Benefit and Pension Funds; Karen R. Borman, M.D., professor of surgery and vice-chair for surgical education, University of Mississippi Medical Center, Ronald D. Castellanos, M.D., physician, Southwest Florida Urologic Associates; and Douglas HoltzEakin, Ph.D., director, Maurice R. Greenberg Center for Geoeconomic Studies and Paul A. Volcker Chair in International Economics, Council on Foreign Relations. Reappointed members are Glenn M. Hackbarth, J.D. (chair), independent consultant; and Robert D. Reischauer, Ph.D. (vice chair), president, the Urban Institute. DATES: (Sec. 4022, Pub. L. 105–33, 111 State. 251, 350) David M. Walker, Comptroller General of the United States. [FR Doc. 06–4486 Filed 5–12–06; 8:45 am] BILLING CODE 1610–02–M DEPARTMENT OF HEALTH AND HUMAN SERVICES Support, Training and CapacityBuilding for Infectious Disease Surveillance in the Republic of Panama and Other Countries in Central America Office of the Secretary, Office of Public Health Emergency Preparedness. ACTION: Notice. AGENCY: Announcement Type: Single-Source, Cooperative Agreement. Funding Opportunity Number: Not applicable. Catalog of Federal Domestic Assistance Number: The Office of Management and Budget (OMB) Catalog of Federal Domestic Assistance number is pending. SUMMARY: This is a project to enhance the surveillance, epidemiological investigation, and laboratory diagnostic capabilities in Panama and other E:\FR\FM\15MYN1.SGM 15MYN1

Agencies

[Federal Register Volume 71, Number 93 (Monday, May 15, 2006)]
[Notices]
[Pages 28031-28032]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-7295]


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FEDERAL RESERVE SYSTEM


Change in Bank Control Notices; Acquisition of Shares of Bank or 
Bank Holding Companies

    The notificants listed below have applied under the Change in Bank 
Control Act (12 U.S.C. 1817(j)) and Sec. [thinsp]225.41 of the Board's 
Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company. 
The factors that are considered in acting on the notices are set forth 
in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
    The notices are available for immediate inspection at the Federal 
Reserve Bank indicated. The notices also will be available for 
inspection at the office of the Board of Governors. Interested persons 
may express their views in writing to the Reserve Bank indicated for 
that notice or to the offices of the Board of Governors. Comments

[[Page 28032]]

must be received not later than May 30, 2006.
    A. Federal Reserve Bank of Kansas City (Donna J. Ward, Assistant 
Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:
    1. Gary Pfrang, Goff, Kansas; to acquire voting shares of Farmers 
State Bankshares, Inc., and thereby indirectly acquire voting shares of 
The Farmers State Bank, both of Circleville, Kansas.

    Board of Governors of the Federal Reserve System, May 9, 2006.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E6-7295 Filed 5-12-06; 8:45 am]
BILLING CODE 6210-01-S