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