Proposed Agency Information Collection Activities; Comment Request, 61473-61474 [E6-17337]

Download as PDF Federal Register / Vol. 71, No. 201 / Wednesday, October 18, 2006 / Notices A state member bank is required to notify the Federal Reserve by letter of its intent to establish one or more new branches, and provide with the letter evidence that public notice of the proposed branch(es) has been published by the state member bank in the appropriate newspaper(s). The Federal Reserve uses the information provided to fulfill its statutory obligation to review any public comment on proposed branches before acting on the proposals, and otherwise to supervise state member banks. Board of Governors of the Federal Reserve System, October 12, 2006. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E6–17312 Filed 10–17–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System SUMMARY: Background On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board of Governors of the Federal Reserve System (Board) its approval authority under the Paperwork Reduction Act, as per 5 CFR 1320.16, to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board under conditions set forth in 5 CFR 1320 Appendix A.1. 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 instruments 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. rmajette on PROD1PC67 with NOTICES1 AGENCY: Request for comment on information collection proposals The following information collections, which are being handled under this delegated authority, have received initial Board approval and are hereby published for comment. At the end of the comment period, the proposed information collections, along with an analysis of comments and VerDate Aug<31>2005 15:24 Oct 17, 2006 Jkt 211001 recommendations received, will be submitted to the Board for final approval under OMB delegated authority. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Federal Reserve’s functions; including whether the information has practical utility; b. The accuracy of the Federal Reserve’s estimate of the burden of the proposed information collection, 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 information collection on respondents, including through the use of automated collection techniques or other forms of information technology. DATES: Comments must be submitted on or before December 18, 2006. ADDRESSES: You may submit comments, identified by Reg G (7100–0299), Reg H– 7 (7100–0298), by any of the following methods: • Agency Web Site: http:// www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • E–mail: regs.comments@federalreserve.gov. Include the OMB control number in the subject line of the message. • FAX: 202–452–3819 or 202–452– 3102. • Mail: Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, NW., Washington, DC 20551. All public comments are available from the Board’s web site at www.federalreserve.gov/generalinfo/ foia/ProposedRegs.cfm as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room MP–500 of the Board’s Martin Building (20th and C Streets, N.W.) between 9:00 a.m. and 5:00 p.m. on weekdays. FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and instructions, the Paperwork Reduction Act Submission (OMB 83–I), supporting statement, and other documents that will be placed into OMB’s public docket files once approved may be requested PO 00000 Frm 00017 Fmt 4703 Sfmt 4703 61473 from the agency clearance officer, whose name appears below. Michelle Long, Federal Reserve Board Clearance Officer (202–452–3829), Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551. Telecommunications Device for the Deaf (TDD) users may contact (202–263– 4869), Board of Governors of the Federal Reserve System, Washington, DC 20551. Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following information collections: 1. Report title: Disclosure and Reporting Requirements of CRA–Related Agreements Agency form number: Reg G OMB control number: 7100–0299 Frequency: On occasion, annual Reporters: Insured depository institutions (IDIs) and nongovernmental entities or persons (NGEPs) Annual reporting hours: 78 hours Number of respondents: 3 IDI; 6 NGEPs Estimated average hours per response: 1 hour (7 disclosure requirements); 4 hours (2 annual reports) General description of report: This information collection is required pursuant the Federal Deposit Insurance Act (FDI Act), 12 U.S.C. 1831y(b) and (c). The FDI Act authorizes the Federal Reserve to require the disclosure and reporting requirements of Regulation G (12 CFR 207). In general, the Federal Reserve does not consider individual respondent commercial and financial information collected by the Federal Reserve pursuant to Regulation G as confidential. However, a respondent may request confidential treatment pursuant to section (b)(4) of Freedom of Information Act, 5 U.S.C 552(b)(4). Abstract: Section 48 of the FDI Act imposes disclosure and reporting requirements on IDIs, their affiliates and NGEPs that enter into written agreements that meet certain criteria. The written agreements must (1) be made in fulfillment of the Community Reinvestment Act of 1977 (CRA) and (2) involve funds or other resources of an IDI or affiliate with an aggregate value of more than $10,000 in a year, or loans with an aggregate principal value of more than $50,000 in a year. Section 48 excludes from the disclosure and reporting requirements any agreement between an IDI or its affiliate and an NGEP if the NGEP has not contacted the IDI or its affiliate, or a banking agency, concerning the CRA performance of the IDI. Regulation G contains four disclosure requirements and two reporting E:\FR\FM\18OCN1.SGM 18OCN1 rmajette on PROD1PC67 with NOTICES1 61474 Federal Register / Vol. 71, No. 201 / Wednesday, October 18, 2006 / Notices requirements for IDIs and affiliates and three disclosure requirements and one reporting requirement for NGEPs. Please see the agency’s OMB supporting statement for a summary of the disclosure and reporting requirements of Regulation G, http:// www.federalreserve.gov/boarddocs/ reportforms/review.cfm. The disclosure and reporting requirements in connection with Regulation G are mandatory and apply to state member banks and their subsidiaries; bank holding companies; affiliates of bank holding companies, other than banks, savings associations, and subsidiaries of banks and savings associations; and NGEPs that enter into covered agreements with any of the aforementioned companies. 2. Report title: Disclosure Requirements in Connection With Regulation H (Consumer Protections in Sales of Insurance) Agency form number: Reg H–7 OMB control number: 7100–0298 Frequency: On occasion Reporters: State member banks Annual reporting hours: 14,159 hours Number of respondents: 899 Estimated average hours per response: 1.5 minutes General description of report: This information collection is mandatory pursuant the Federal Deposit Insurance Act, 12 U.S.C. 1831x. Since the Federal Reserve does not collect any information, no issue of confidentiality normally arises. Abstract: Section 305 of the Gramm– Leach–Bliley Act requires financial institutions to provide written and oral disclosures to consumers in connection with the initial sale of an insurance product or annuity concerning its uninsured nature and the existence of the investment risk, if appropriate, and the fact that insurance sales and credit may not be tied. Covered persons must make insurance disclosures before the completion of the initial sale of an insurance product or annuity to a consumer. The disclosure must be made orally and in writing to the consumer that: (1) the insurance product or annuity is not a deposit or other obligation of, or guaranteed by, the financial institution or an affiliate of the financial institution; (2) the insurance product or annuity is not insured by the FDIC or any other agency of the United States, the financial institution, or (if applicable) an affiliate of the financial institution; and (3) in the case of an insurance product or annuity that involves an investment risk, there is investment risk associated with the product, including the possible loss of value. VerDate Aug<31>2005 17:34 Oct 17, 2006 Jkt 211001 Covered persons must make a credit disclosure at the time a consumer applies for an extension of credit in connection with which an insurance product or annuity is solicited, offered, or sold. The disclosure must be made orally and in writing that the financial institution may not condition an extension of credit on either: (1) the consumer’s purchase of an insurance product or annuity from the financial institution or any of its affiliates; or (2) the consumer’s agreement not to obtain, or a prohibition on the consumer from obtaining, an insurance product or annuity from an unaffiliated entity. Board of Governors of the Federal Reserve System, October 13, 2006. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E6–17337 Filed 10–17–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL TRADE COMMISSION Sunshine Act Meeting Notice AGENCY: Federal Trade Commission. 2 p.m., Wednesday, November 15, 2006. TIME AND DATE: Federal Trade Commission Building, Room 532, 600 Pennsylvania Avenue, NW., Washington, DC 20580. PLACE: Part of this meeting will be open to the public. The rest of the meeting will be closed to the public. STATUS: MATTERS TO BE CONSIDERED: Portion Open to the Public: (1) Oral Argument in Rambus Incorporated, Docket 9302. Portion Closed to the Public: (2) Executive Session to follow Oral Argument in Rambus Incorporated, Docket 9302. FOR FURTHER INFORMATION CONTACT: Mitch Katz, Office of Public Affairs: (202) 326–2180. Recorded Message: (202) 326–2711. Donald S. Clark, Secretary. [FR Doc. 06–8783 Filed 10–16–06; 1:01 pm] FEDERAL TRADE COMMISSION [File Nos. 061 0087; 051 0065; 061 0268; 061 0267; 051 0217] Information and Real Estate Services, LLC; Northern New England Real Estate Network, Inc.; Williamsburg Area Association of Realtors, Inc.; Realtors Association of Northeast Wisconsin, Inc.; Monmouth County Association of Realtors, Inc.; Analysis of Agreements Containing Consent Orders To Aid Public Comment Federal Trade Commission. Proposed consent agreements. AGENCY: ACTION: SUMMARY: The consent agreements in these matters settle alleged violations of federal law prohibiting unfair or deceptive acts or practices or unfair methods of competition. The attached Analysis to Aid Public Comment describes both the allegations in the draft complaints and the terms of the consent orders—embodied in the consent agreements—that would settle these allegations. DATES: Comments must be received on or before November 10, 2006. ADDRESSES: Interested parties are invited to submit written comments. Comments should refer to ‘‘Information and Real Estate Services, File No. 061 0087; or Northern New England Real Estate Network, File No. 051 0065; or Williamsburg Area Association of Realtors, File No. 061 0268; or Realtors Association of Northeast Wisconsin, File No. 061 0267; or Monmouth County Association of Realtors, Inc., File No. 051 0217,’’ to facilitate the organization of comments. A comment filed in paper form should include this reference both in the text and on the envelope, and should be mailed or delivered to the following address: Federal Trade Commission/Office of the Secretary, Room 135–H, 600 Pennsylvania Avenue, NW., Washington, DC 20580. Comments containing confidential material must be filed in paper form, must be clearly labeled ‘‘Confidential,’’ and must comply with Commission Rule 4.9(c). 16 CFR 4.9(c) (2005).1 The FTC is requesting that any comment filed in paper form be sent by courier or overnight service, if possible, because U.S. postal mail in the Washington area and at the Commission is subject to BILLING CODE 6750–01–M PO 00000 1 The comment must be accompanied by an explicit request for confidential treatment, including the factual and legal basis for the request, and must identify the specific portions of the comment to be withheld from the public record. The request will be granted or denied by the Commission’s General Counsel, consistent with applicable law and the public interest. See Commission Rule 4.9(c), 16 CFR 4.9(c). Frm 00018 Fmt 4703 Sfmt 4703 E:\FR\FM\18OCN1.SGM 18OCN1

Agencies

[Federal Register Volume 71, Number 201 (Wednesday, October 18, 2006)]
[Notices]
[Pages 61473-61474]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-17337]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System
SUMMARY: Background
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board of Governors of the Federal Reserve System 
(Board) its approval authority under the Paperwork Reduction Act, as 
per 5 CFR 1320.16, to approve of and assign OMB control numbers to 
collection of information requests and requirements conducted or 
sponsored by the Board under conditions set forth in 5 CFR 1320 
Appendix A.1. 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 instruments 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.

Request for comment on information collection proposals

    The following information collections, which are being handled 
under this delegated authority, have received initial Board approval 
and are hereby published for comment. At the end of the comment period, 
the proposed information collections, along with an analysis of 
comments and recommendations received, will be submitted to the Board 
for final approval under OMB delegated authority. Comments are invited 
on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve's estimate of the burden of 
the proposed information collection, 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 information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology.

DATES: Comments must be submitted on or before December 18, 2006.

ADDRESSES: You may submit comments, identified by Reg G (7100-0299), 
Reg H-7 (7100-0298), by any of the following methods:
     Agency Web Site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail: regs.comments@federalreserve.gov. Include the OMB 
control number in the subject line of the message.
     FAX: 202-452-3819 or 202-452-3102.
     Mail: Jennifer J. Johnson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue, 
NW., Washington, DC 20551.
    All public comments are available from the Board's web site at 
www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper in Room MP-500 
of the Board's Martin Building (20th and C Streets, N.W.) between 9:00 
a.m. and 5:00 p.m. on weekdays.

FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and 
instructions, the Paperwork Reduction Act Submission (OMB 83-I), 
supporting statement, and other documents that will be placed into 
OMB's public docket files once approved may be requested from the 
agency clearance officer, whose name appears below.
    Michelle Long, Federal Reserve Board Clearance Officer (202-452-
3829), Division of Research and Statistics, Board of Governors of the 
Federal Reserve System, Washington, DC 20551. Telecommunications Device 
for the Deaf (TDD) users may contact (202-263-4869), Board of Governors 
of the Federal Reserve System, Washington, DC 20551.

Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following information 
collections:

    1. Report title: Disclosure and Reporting Requirements of CRA-
Related Agreements
    Agency form number: Reg G
    OMB control number: 7100-0299
    Frequency: On occasion, annual
    Reporters: Insured depository institutions (IDIs) and 
nongovernmental entities or persons (NGEPs)
    Annual reporting hours: 78 hours
    Number of respondents: 3 IDI; 6 NGEPs
    Estimated average hours per response: 1 hour (7 disclosure 
requirements); 4 hours (2 annual reports)
    General description of report: This information collection is 
required pursuant the Federal Deposit Insurance Act (FDI Act), 12 
U.S.C. 1831y(b) and (c). The FDI Act authorizes the Federal Reserve to 
require the disclosure and reporting requirements of Regulation G (12 
CFR 207). In general, the Federal Reserve does not consider individual 
respondent commercial and financial information collected by the 
Federal Reserve pursuant to Regulation G as confidential. However, a 
respondent may request confidential treatment pursuant to section 
(b)(4) of Freedom of Information Act, 5 U.S.C 552(b)(4).
    Abstract: Section 48 of the FDI Act imposes disclosure and 
reporting requirements on IDIs, their affiliates and NGEPs that enter 
into written agreements that meet certain criteria. The written 
agreements must (1) be made in fulfillment of the Community 
Reinvestment Act of 1977 (CRA) and (2) involve funds or other resources 
of an IDI or affiliate with an aggregate value of more than $10,000 in 
a year, or loans with an aggregate principal value of more than $50,000 
in a year. Section 48 excludes from the disclosure and reporting 
requirements any agreement between an IDI or its affiliate and an NGEP 
if the NGEP has not contacted the IDI or its affiliate, or a banking 
agency, concerning the CRA performance of the IDI.
    Regulation G contains four disclosure requirements and two 
reporting

[[Page 61474]]

requirements for IDIs and affiliates and three disclosure requirements 
and one reporting requirement for NGEPs. Please see the agency's OMB 
supporting statement for a summary of the disclosure and reporting 
requirements of Regulation G, http://www.federalreserve.gov/boarddocs/
reportforms/review.cfm.
    The disclosure and reporting requirements in connection with 
Regulation G are mandatory and apply to state member banks and their 
subsidiaries; bank holding companies; affiliates of bank holding 
companies, other than banks, savings associations, and subsidiaries of 
banks and savings associations; and NGEPs that enter into covered 
agreements with any of the aforementioned companies.
    2. Report title: Disclosure Requirements in Connection With 
Regulation H (Consumer Protections in Sales of Insurance)
    Agency form number: Reg H-7
    OMB control number: 7100-0298
    Frequency: On occasion
    Reporters: State member banks
    Annual reporting hours: 14,159 hours
    Number of respondents: 899
    Estimated average hours per response: 1.5 minutes
    General description of report: This information collection is 
mandatory pursuant the Federal Deposit Insurance Act, 12 U.S.C. 1831x. 
Since the Federal Reserve does not collect any information, no issue of 
confidentiality normally arises.
    Abstract: Section 305 of the Gramm-Leach-Bliley Act requires 
financial institutions to provide written and oral disclosures to 
consumers in connection with the initial sale of an insurance product 
or annuity concerning its uninsured nature and the existence of the 
investment risk, if appropriate, and the fact that insurance sales and 
credit may not be tied.
    Covered persons must make insurance disclosures before the 
completion of the initial sale of an insurance product or annuity to a 
consumer. The disclosure must be made orally and in writing to the 
consumer that: (1) the insurance product or annuity is not a deposit or 
other obligation of, or guaranteed by, the financial institution or an 
affiliate of the financial institution; (2) the insurance product or 
annuity is not insured by the FDIC or any other agency of the United 
States, the financial institution, or (if applicable) an affiliate of 
the financial institution; and (3) in the case of an insurance product 
or annuity that involves an investment risk, there is investment risk 
associated with the product, including the possible loss of value.
    Covered persons must make a credit disclosure at the time a 
consumer applies for an extension of credit in connection with which an 
insurance product or annuity is solicited, offered, or sold. The 
disclosure must be made orally and in writing that the financial 
institution may not condition an extension of credit on either: (1) the 
consumer's purchase of an insurance product or annuity from the 
financial institution or any of its affiliates; or (2) the consumer's 
agreement not to obtain, or a prohibition on the consumer from 
obtaining, an insurance product or annuity from an unaffiliated entity.

    Board of Governors of the Federal Reserve System, October 13, 
2006.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E6-17337 Filed 10-17-06; 8:45 am]
BILLING CODE 6210-01-S