Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 38165-38166 [E6-10410]

Download as PDF Federal Register / Vol. 71, No. 128 / Wednesday, July 5, 2006 / Notices Memorandum and resolution re: Final Statement of Policy Regarding the National Historic Preservation Act of 1996. Discussion Agenda: Memorandum and resolution re: Notice of Proposed Rulemaking on RiskBased Assessments. Memorandum and resolution re: Notice of Proposed Rulemaking on Setting the Designated Reserve Ratio. Memorandum and resolution re: Notice of Proposed Rulemaking Regarding the Official FDIC Sign and Advertising of FDIC Membership. The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550–17th Street, NW., Washington, DC. The FDIC will provide attendees with auxiliary aids (e.g., sign language interpretation) required for this meeting. Those attendees needing such assistance should call (703) 562–6067 (Voice or TTY), to make necessary arrangements. Requests for further information concerning the meeting may be directed to Ms. Valerie J. Best, Assistant Executive Secretary of the Corporation, at (202) 898–7122. Dated: June 30, 2006. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. 06–6018 Filed 6–30–06; 1:37pm] BILLING CODE 6714–01–M FEDERAL DEPOSIT INSURANCE CORPORATION rwilkins on PROD1PC63 with NOTICES Sunshine Act Meeting; Notice of Agency Meeting Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that at 10:30 a.m. on Tuesday, July 11, 2006, the Federal Deposit Insurance Corporation’s Board of Directors will meet in closed session, pursuant to section 552b(c)(2), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and (c)(10) Title 5, United States Code, to consider matters relating to the Corporation’s corporate activities. The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 500–17th Street, NW., Washington, DC. Requests for further information concerning the meeting may be directed to Ms. Valerie J. Best, Assistant Executive Secretary of the Corporation, at (202) 898–7122. Dated: June 30, 2006. VerDate Aug<31>2005 19:34 Jul 03, 2006 Jkt 205001 Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. 06–6019 Filed 6–30–06; 1:37 pm] BILLING CODE 6714–01–M 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 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 email to mmenchik@omb.eop.gov. Final approval under OMB delegated authority of the extension for three years, with revision, of the following report: Report title: Suspicious Activity Report by Depository Institutions. Agency form number: FR 2230. OMB Control number: 7100–0212. Frequency: On occasion. Reporters: Depository institutions, bank holding companies, nonbank subsidiaries of bank holding companies, Edge and agreement corporations, and U.S. branches and agencies of foreign banks. Annual reporting hours: 93,600 hours. PO 00000 Frm 00038 Fmt 4703 Sfmt 4703 38165 Estimated average hours per response: 1 hour. Number of respondents: 7,000. General description of report: This information collection is mandatory, pursuant to authority contained in the following statutes: 12 U.S.C. 248(a)(1), 324, 334, 625, 1844(c), 3105(c)(2), and 3106(a). The obligation to file a Suspicious Activity Report by Depository Institutions (SAR) is set forth in the Federal Reserve’s rules, and is mandatory (12 CFR 208.62(c) (state member banks), 12 CFR 225.4(f) (entities subject to the Bank Holding Company Act), 12 CFR 211.5(k) (Edge and agreement corporations), and 12 CFR 211.24(f) (branches, agencies, and representative offices of foreign banks)). Section 5318(g)(2)(a)(ii) of Title 31 prohibits an officer or employee of the federal government from disclosing the existence of a SAR to anyone involved in the transaction, and section 5319 of Title 31 provides that all reports, including SARs filed thereunder, are exempt from disclosure under Freedom of Information Act (FOIA). The information collected on a SAR is covered by exemptions three and seven of the FOIA (5 U.S.C. 552(b)(3)(7)) and exemption two of the Privacy Act (5 U.S.C. 552a(k)(2)). Abstract: Since 1996, the federal banking agencies (the Federal Reserve Board, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Federal Deposit Insurance Corporation, and the National Credit Union Administration) and the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) (collectively, the agencies) have required certain types of financial institutions to report known or suspected violations of law and suspicious transactions. To fulfill these requirements, supervised banking organizations file SARs. Law enforcement agencies use the information submitted on the reporting form to initiate investigations and the Federal Reserve uses the information in the examination and oversight of supervised institutions. Current Actions: On February 17, 2006, the federal banking agencies and FinCEN published a joint Federal Register notice (71 FR 8640) seeking comment on proposed revisions to the existing SAR. The agencies proposed several revisions to the reporting form and instructions in order to enhance clarity, allow for joint filing of SARs, and to improve the usefulness of the SAR to law enforcement. The agencies collectively received twenty-three comment letters. The commenters raised several minor issues and provided E:\FR\FM\05JYN1.SGM 05JYN1 38166 Federal Register / Vol. 71, No. 128 / Wednesday, July 5, 2006 / Notices editorial comments about certain data items. The other agencies published a separate Federal Register notice on June 19, 2006 (71 FR 35325) and will each separately submit their SAR information collection to OMB. Several commenters suggested that the agencies provide a test site for filing electronic submissions. Due to time constraints, FinCEN is unable to provide a test site; however, respondents will have a six-month transition period before being required to use the revised reporting form for submitting data. Two commenters stated that the overall burden estimate appeared to be low even though it was increased from thirty minutes to one hour. One commenter specifically noted that the burden estimate did not account for regulatory compliance, fraud detection, and mitigation. While important, these regulatory requirements are outside the scope of the burden calculation required by the Paperwork Reduction Act. The agencies, however, continue to welcome comments from the industry and would reevaluate and make adjustments to the burden, as appropriate. Several commenters expressed concern over the new format of the reporting form and whether it would cause important information to be omitted by respondents. The agencies rearranged data items on the reporting form, per law enforcement request, to improve the usefulness of the data. Also, additional clarifications were included in the instructions to provide respondents with better guidance on how to submit the revised data. Board of Governors of the Federal Reserve System, June 28, 2006. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E6–10410 Filed 7–3–06; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM rwilkins on PROD1PC63 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. VerDate Aug<31>2005 19:34 Jul 03, 2006 Jkt 205001 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 from the National Information Center website at http://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 July 28, 2006. A. Federal Reserve Bank of New York (Anne McEwen, Financial Specialist) 33 Liberty Street, New York, New York 10045-0001: 1. The Toronto—Dominion Bank, Toronto, Ontario, Canada; and TD Banknorth Inc., Portland, Maine; to acquire shares of Interchange Financial Services Corporation, and thereby indirectly acquire Interchange Bank, both of Saddle Brook, New Jersey. B. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) 411 Locust Street, St. Louis, Missouri 63166-2034: 1. Cross County Bancshares, Inc., Wynne, Arkansas; to acquire 6.6 percent of the voting shares of Pinnacle Bancshares, Inc., and thereby indirectly acquire Pinnacle Bank, both in Bentonville, Arkansas. 2. Lonoke Bancshares, Inc., Lonoke, Arkansas; to acquire 6.6 percent of the voting shares of Pinnacle Bancshares, Inc., and thereby indirectly acquire Pinnacle Bank, both in Bentonville, Arkansas. 3. Pinnacle Bancshares Inc., Bentonville, Arkansas; to become a bank holding company by acquiring 100 percent of the voting shares of Pinnacle Bank, Bentonville, Arkansas. 4. German American Bancorp, Inc., Jasper, Indiana; to acquire 100 percent of the voting shares of German American Bancorp, Jasper, Indiana (in organization). PO 00000 Frm 00039 Fmt 4703 Sfmt 4703 Board of Governors of the Federal Reserve System, June 28, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–10399 Filed 7–3–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies; Correction This notice corrects a notice (FR Doc. E6-9670) published on page 35423 of the issue for Tuesday, June 20, 2006. Under the Federal Reserve Bank of Chicago, the entry for NRBC Holding Corporation, Chicago, Illinois, is revised to read as follows: A. Federal Reserve Bank of Chicago (Patrick M. Wilder, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414: NRBC Holding Corporation, Chicago, Illinois; to become a bank holding company by acquiring 100 percent of the outstanding shares of The National Republic Bank of Chicago, Chicago, Illinois. Comments on this application must be received by July 14, 2006. Board of Governors of the Federal Reserve System, June 29, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6–10438 Filed 7–3–06; 8:45 am] BILLING CODE 6210–01–S DEPARTMENT OF HEALTH AND HUMAN SERVICES Office of the Secretary Findings of Research Misconduct Office of the Secretary, HHS. Notice. AGENCY: ACTION: SUMMARY: Notice is hereby given that the Office of Research Integrity (ORI) and the Assistant Secretary for Health have taken final action in the following case: Lingjie Zhao, University of Iowa: Based on the investigation reports drafted by the University of Iowa (UI) and additional analysis conducted by ORI in its oversight review, the U.S. Public Health Service (PHS) found that Lingjie Zhao, former Doctoral Student, UI, engaged in research misconduct. The research was supported by National Cancer Institute (NCI), National Institutes of Health (NIH), grant P01 CA66081. E:\FR\FM\05JYN1.SGM 05JYN1

Agencies

[Federal Register Volume 71, Number 128 (Wednesday, July 5, 2006)]
[Notices]
[Pages 38165-38166]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-10410]


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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 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 email to 
mmenchik@omb.eop.gov.
    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following report:
    Report title: Suspicious Activity Report by Depository 
Institutions.
    Agency form number: FR 2230.
    OMB Control number: 7100-0212.
    Frequency: On occasion.
    Reporters: Depository institutions, bank holding companies, nonbank 
subsidiaries of bank holding companies, Edge and agreement 
corporations, and U.S. branches and agencies of foreign banks.
    Annual reporting hours: 93,600 hours.
    Estimated average hours per response: 1 hour.
    Number of respondents: 7,000.
    General description of report: This information collection is 
mandatory, pursuant to authority contained in the following statutes: 
12 U.S.C. 248(a)(1), 324, 334, 625, 1844(c), 3105(c)(2), and 3106(a). 
The obligation to file a Suspicious Activity Report by Depository 
Institutions (SAR) is set forth in the Federal Reserve's rules, and is 
mandatory (12 CFR 208.62(c) (state member banks), 12 CFR 225.4(f) 
(entities subject to the Bank Holding Company Act), 12 CFR 211.5(k) 
(Edge and agreement corporations), and 12 CFR 211.24(f) (branches, 
agencies, and representative offices of foreign banks)).
    Section 5318(g)(2)(a)(ii) of Title 31 prohibits an officer or 
employee of the federal government from disclosing the existence of a 
SAR to anyone involved in the transaction, and section 5319 of Title 31 
provides that all reports, including SARs filed thereunder, are exempt 
from disclosure under Freedom of Information Act (FOIA). The 
information collected on a SAR is covered by exemptions three and seven 
of the FOIA (5 U.S.C. 552(b)(3)(7)) and exemption two of the Privacy 
Act (5 U.S.C. 552a(k)(2)).
    Abstract: Since 1996, the federal banking agencies (the Federal 
Reserve Board, the Office of the Comptroller of the Currency, the 
Office of Thrift Supervision, the Federal Deposit Insurance 
Corporation, and the National Credit Union Administration) and the 
Department of the Treasury's Financial Crimes Enforcement Network 
(FinCEN) (collectively, the agencies) have required certain types of 
financial institutions to report known or suspected violations of law 
and suspicious transactions. To fulfill these requirements, supervised 
banking organizations file SARs. Law enforcement agencies use the 
information submitted on the reporting form to initiate investigations 
and the Federal Reserve uses the information in the examination and 
oversight of supervised institutions.
    Current Actions: On February 17, 2006, the federal banking agencies 
and FinCEN published a joint Federal Register notice (71 FR 8640) 
seeking comment on proposed revisions to the existing SAR. The agencies 
proposed several revisions to the reporting form and instructions in 
order to enhance clarity, allow for joint filing of SARs, and to 
improve the usefulness of the SAR to law enforcement. The agencies 
collectively received twenty-three comment letters. The commenters 
raised several minor issues and provided

[[Page 38166]]

editorial comments about certain data items. The other agencies 
published a separate Federal Register notice on June 19, 2006 (71 FR 
35325) and will each separately submit their SAR information collection 
to OMB.
    Several commenters suggested that the agencies provide a test site 
for filing electronic submissions. Due to time constraints, FinCEN is 
unable to provide a test site; however, respondents will have a six-
month transition period before being required to use the revised 
reporting form for submitting data.
    Two commenters stated that the overall burden estimate appeared to 
be low even though it was increased from thirty minutes to one hour. 
One commenter specifically noted that the burden estimate did not 
account for regulatory compliance, fraud detection, and mitigation. 
While important, these regulatory requirements are outside the scope of 
the burden calculation required by the Paperwork Reduction Act. The 
agencies, however, continue to welcome comments from the industry and 
would reevaluate and make adjustments to the burden, as appropriate.
    Several commenters expressed concern over the new format of the 
reporting form and whether it would cause important information to be 
omitted by respondents. The agencies rearranged data items on the 
reporting form, per law enforcement request, to improve the usefulness 
of the data. Also, additional clarifications were included in the 
instructions to provide respondents with better guidance on how to 
submit the revised data.

    Board of Governors of the Federal Reserve System, June 28, 2006.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E6-10410 Filed 7-3-06; 8:45 am]
BILLING CODE 6210-01-P