Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 54658 [E6-15408]

Download as PDF 54658 Federal Register / Vol. 71, No. 180 / Monday, September 18, 2006 / Notices call reports. Also, on a case-by-case basis, the FDIC may require that descriptions of enforcement actions be included in disclosure statements. The regulation allows, but does not require, the inclusion of management discussions and analysis. Request for Comment Comments are invited on: (a) Whether these collections of information are necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimate of the burden of the information collections, 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 collections on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. Dated at Washington, DC, this 6th day of September, 2006. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. E6–15368 Filed 9–15–06; 8:45 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB 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 cprice-sewell on PROD1PC66 with NOTICES SUMMARY: VerDate Aug<31>2005 14:48 Sep 15, 2006 Jkt 208001 ––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: Report title: Reporting and Disclosure Requirements Associated with Regulation P Agency form number: Reg P OMB control number: 7100–0294 Frequency: Reporting, on–occasion; and disclosure, annually. Reporters: State member banks, subsidiaries of state member banks, bank holding companies and their subsidiaries or affiliates, branches and agencies of foreign banks, commercial lending companies owned or controlled by foreign banks, corporations operating under section 25 or 25A of the Federal Reserve Act, and customers of these financial institutions. Estimated annual number of institution respondents: Initial notice, 1,311; annual notice and change in terms, 6,692; opt–out notice, 1,197. Estimated average time per response per institution: Initial notice, 80 hours; annual notice andchange in terms, 8 hours; opt–out notice, 8 hours. Estimated subtotal annual burden hours for institutions: 167,992 hours. Estimated annual number of consumer respondents: 402,675. Estimated average time per consumer response: 30 minutes. Estimated subtotal annual burden hours for consumers: 201,338 hours. Estimated total annual burden hours: 369,330 hours. General description of report: This information collection is mandatory (12 U.S.C. 248) and by section 504 of Gramm–Leach–Bliley Act (GLBA) (15 U.S.C § 6804). Since the Federal Reserve does not collect any information, no issue of confidentiality normally arises. Abstract: The information collection pursuant to Regulation P is triggered by the establishment of a relationship between a customer and a financial institution. The regulation ensures that financial institutions provide customers notice of the privacy policies and practices of financial institutions and a means to prevent the disclosure of nonpublic personal information, in certain circumstances. Where applicable, financial institutions are PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 required to provide an initial notice and an annual notice of their privacy policies and practices, opt–out notices, and revised notices containing changes in policies and procedures. On July 3, 2006, the Federal Reserve published a notice in the Federal Register (71 FR 37935) requesting public comment for 60 days on the extension, without revision, of the reporting and disclosure requirements of Regulation P. The comment period for this notice expired on September 1, 2006. No comments were received. Board of Governors of the Federal Reserve System, September 12, 2006. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E6–15408 Filed 9–15–06; 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 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 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 October 12, 2006. E:\FR\FM\18SEN1.SGM 18SEN1

Agencies

[Federal Register Volume 71, Number 180 (Monday, September 18, 2006)]
[Notices]
[Page 54658]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-15408]


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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, without revision, of the following report:

    Report title: Reporting and Disclosure Requirements Associated with 
Regulation P
    Agency form number: Reg P
    OMB control number: 7100-0294
    Frequency: Reporting, on-occasion; and disclosure, annually.
    Reporters: State member banks, subsidiaries of state member banks, 
bank holding companies and their subsidiaries or affiliates, branches 
and agencies of foreign banks, commercial lending companies owned or 
controlled by foreign banks, corporations operating under section 25 or 
25A of the Federal Reserve Act, and customers of these financial 
institutions.
    Estimated annual number of institution respondents: Initial notice, 
1,311; annual notice and change in terms, 6,692; opt-out notice, 1,197.
    Estimated average time per response per institution: Initial 
notice, 80 hours; annual notice andchange in terms, 8 hours; opt-out 
notice, 8 hours.
    Estimated subtotal annual burden hours for institutions: 167,992 
hours.
    Estimated annual number of consumer respondents: 402,675.
    Estimated average time per consumer response: 30 minutes.
    Estimated subtotal annual burden hours for consumers: 201,338 
hours.
    Estimated total annual burden hours: 369,330 hours.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248) and by section 504 of Gramm-Leach-Bliley Act 
(GLBA) (15 U.S.C Sec.  6804). Since the Federal Reserve does not 
collect any information, no issue of confidentiality normally arises.
    Abstract: The information collection pursuant to Regulation P is 
triggered by the establishment of a relationship between a customer and 
a financial institution. The regulation ensures that financial 
institutions provide customers notice of the privacy policies and 
practices of financial institutions and a means to prevent the 
disclosure of nonpublic personal information, in certain circumstances. 
Where applicable, financial institutions are required to provide an 
initial notice and an annual notice of their privacy policies and 
practices, opt-out notices, and revised notices containing changes in 
policies and procedures.
    On July 3, 2006, the Federal Reserve published a notice in the 
Federal Register (71 FR 37935) requesting public comment for 60 days on 
the extension, without revision, of the reporting and disclosure 
requirements of Regulation P. The comment period for this notice 
expired on September 1, 2006. No comments were received.

    Board of Governors of the Federal Reserve System, September 12, 
2006.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E6-15408 Filed 9-15-06; 8:45 am]
BILLING CODE 6210-01-S