Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB; Correction, 78436-78437 [E6-22315]

Download as PDF 78436 Federal Register / Vol. 71, No. 250 / Friday, December 29, 2006 / Notices pwalker on PROD1PC69 with NOTICES and three copies of the comments. For attachments, provide an index, number pages consecutively with the comments, and submit an unbound original and three copies. Instructions: Direct your comments to Docket ID No. EPA–HQ–ORD–2006– 1009. EPA’s policy is that all comments received will be included in the public docket without change and may be made available online at http:// www.regulations.gov, including any personal information provided, unless the comment includes information claimed to be Confidential Business Information (CBI) or other information whose disclosure is restricted by statute. Do not submit information that you consider to be CBI or otherwise protected through www.regulations.gov or e-mail. The www.regulations.gov Web site is an ‘‘anonymous access’’ system, which means EPA will not know your identity or contact information unless you provide it in the body of your comment. If you send an e-mail comment directly to EPA without going through www.regulations.gov, your email address will be automatically captured and included as part of the comment that is placed in the public docket and made available on the Internet. If you submit an electronic comment, EPA recommends that you include your name and other contact information in the body of your comment and with any disk or CD–ROM you submit. If EPA cannot read your comment due to technical difficulties and cannot contact you for clarification, EPA may not be able to consider your comment. Electronic files should avoid the use of special characters, any form of encryption, and be free of any defects or viruses. For additional information about EPA’s public docket visit the EPA Docket Center homepage at http:// www.epa.gov/epahome/dockets.htm. Docket: All documents in the docket are listed in the www.regulations.gov index. Although listed in the index, some information is not publicly available, e.g., CBI or other information whose disclosure is restricted by statute. Certain other material, such as copyrighted material, will be publicly available only in hard copy. Publicly available docket materials are available either electronically in www.regulations.gov or in hard copy at the OEI Docket in the EPA Headquarters Docket Center. Dated: December 20, 2006. George Alapas, Deputy Director, National Center for Environmental Assessment. [FR Doc. E6–22431 Filed 12–28–06; 8:45 am] BILLING CODE 6560–50–P VerDate Aug<31>2005 18:15 Dec 28, 2006 Jkt 211001 ENVIRONMENTAL PROTECTION AGENCY [FRL–8264–6] Fort Ord Superfund Site; Proposed Notice of Administrative Order on Consent for Cleanup of Portions of the Former Fort Ord Environmental Protection Agency (EPA). ACTION: Notice; request for public comment. AGENCY: SUMMARY: Notice is hereby given that a proposed Administrative Order on Consent (‘‘Agreement’’) concerning portions of the Fort Ord Superfund Site (‘‘Site’’) in Monterey, California has been negotiated by the United States Environmental Protection Agency (‘‘EPA’’), the California Department of Toxic Substances Control (‘‘DTSC’’) and the Fort Ord Reuse Authority (‘‘Respondent’’) subject to the final review and approval of the EPA, DTSC and the U.S. Department of Justice. The proposed Agreement concerns cleanup of portions of the Site pursuant to the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. 9604, 9606 and 9622 (‘‘CERCLA’’). Pursuant to a Federal Facilities Agreement (‘‘FFA’’), the U.S. Army (‘‘Army’’) is required to perform the CERCLA response actions for the Site; however, the FFA will be amended to suspend the obligations of the Army to conduct those response actions that will be undertaken by the Respondent pursuant to the Agreement. The Army is preparing a Finding of Suitability for Early Transfer (‘‘FOSET’’), which will be submitted to EPA Region 9, and the State of California for their approval after a public comment period. Upon approval of the FOSET, the Army will transfer portions of the Site to the Respondent. The Army and the Respondent will enter into an Environmental Services Cooperative Agreement, which will require the Respondent to perform certain CERCLA response actions on the transferred portions of the Site, using grant monies from the Army. The proposed Agreement would require the Respondent to prepare and perform removal actions, one or more remedial investigations and feasibility studies and one or more remedial designs and remedial actions for certain contaminants present on the transferred portions of the Site, under the oversight of EPA and the State of California. The proposed Agreement includes EPA and DTSC covenants not to sue or to take administrative action against the Respondent, provided that the PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 Respondent complies with all the terms and conditions of the Agreement. The Agreement also commits the Respondent to reimburse direct and indirect future response costs incurred by EPA and DTSC in connection with actions conducted under CERCLA at the transferred portions of the Site. For thirty (30) calendar days following the date of publication of this notice, EPA will receive written comments relating to the proposed Agreement. EPA’s response to any comments received will be available for public inspection at the U.S. Environmental Protection Agency, 75 Hawthorne Street, San Francisco, CA 94105. DATES: Comments must be submitted on or before January 29, 2007. ADDRESSES: The proposed Agreement may be obtained from Judith Winchell, Docket Clerk, telephone (415) 972–3124. Comments regarding the proposed Agreement should be addressed to Judith Winchell (SFD–7) at United States EPA Region IX, 75 Hawthorne Street, San Francisco, California 94105, and should reference ‘‘Former Fort Ord Superfund Site,’’ and ‘‘Docket No. R9– 2007–03’’. FOR FURTHER INFORMATION CONTACT: Michele Benson, Assistant Regional Counsel (ORC–3), Office of Regional Counsel, U.S. EPA Region IX, 75 Hawthorne Street, San Francisco, CA 94105; E-mail: benson.michele@epa.gov; phone: (415) 972–3918. Dated: December 20, 2006. Keith Takata, Director, Superfund Division, Region IX. [FR Doc. E6–22430 Filed 12–28–06; 8:45 am] BILLING CODE 6560–50–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB; Correction This notice corrects a notice published on pages 77022–77023 of the issue for December 22, 2006. Summary: Background Notice is hereby given of the final approval of proposed information collection(s) 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 E:\FR\FM\29DEN1.SGM 29DEN1 pwalker on PROD1PC69 with NOTICES Federal Register / Vol. 71, No. 250 / Friday, December 29, 2006 / Notices approved collections of information. Copies of the Paperwork Reduction Act Submission, 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 e-mail 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: Consolidated Bank Holding Company Report of Equity Investments in Nonfinancial Companies, and the Annual Report of Merchant Banking Investments Held for an Extended Period. Agency form number: FR Y–12 and FR Y–12A, respectively. OMB Control number: 7100–0300. Effective Date: December 31, 2006. Frequency: FR Y–12, quarterly and semiannually; FR Y–12A, annually. Reporters: Bank holding companies, financial holding companies. Annual reporting hours: FR Y–12, 1,824; FR Y–12A, 105. Estimated average hours per response: FR Y–12, 16; FR Y–12A, 7. Number of respondents: FR Y–12, 30; FR Y–12A, 15. General description of report: This collection of information is mandatory pursuant to Section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)). The FR Y–12 data are not considered confidential. However, bank holding companies may request confidential treatment for any information that they believe is subject to an exemption from disclosure under the Freedom of Information Act (‘‘FOIA’’), 5 U.S.C. 552(b). The FR Y– 12A data would be considered confidential on the basis that disclosure of specific commercial or financial data relating to investments held for extended periods of time could result in substantial harm to the competitive position of the financial holding VerDate Aug<31>2005 18:15 Dec 28, 2006 Jkt 211001 company pursuant to the FOIA (5 U.S.C. 552(b)(4) and (b)(8)). Abstract: The FR Y–12 collects data from certain domestic bank holding companies on their equity investments in nonfinancial companies on four schedules: Type of Investments, Type of Security, Type of Entity within the Banking Organization, and Nonfinancial Investment Transactions during Reporting Period. The FR Y–12 data serve as an important risk-monitoring device for institutions active in this business line by allowing the Federal Reserve to monitor an institution’s activity between review dates. It also serves as an early warning mechanism to identify institutions whose activities in this area are growing rapidly and therefore warrant special supervisory attention. Current Actions: On August 31, 2006, the Federal Reserve published a notice in the Federal Register (71 FR 51828) requesting public comment for sixty days on the extension, without revision, of the Consolidated Bank Holding Company Report of Equity Investments in Nonfinancial Companies and the implementation of the Annual Report of Merchant Banking Investments Held for an Extended Period. The comment period for this notice expired on October 30, 2006, and the Federal Reserve received two comment letters. A subsidiary of a financial holding company (FHC) commented on the Federal Reserve Board and U.S. Department of Treasury regulations concerning Merchant Banking Holding Periods that went into effect February 12, 2001; however, the comment was outside the scope of the proposal. A FHC requested two modifications to the FR Y–12 instructions concerning warrants, their acquisition cost, and the potential difficulty in determining their fair value. As a result, the Federal Reserve clarified definition of warrants in the Glossary. This same FHC suggested re-titling FR Y–12 Schedule D, data item 1; however, the Federal Reserve did not accept this suggestion. Board of Governors of the Federal Reserve System, December 22, 2006. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E6–22315 Filed 12–28–06; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Consumer Handbook on Adjustable Rate Mortgages Board of Governors of the Federal Reserve System. AGENCY: PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 78437 Notice of availability of handbook on Adjustable Rate Mortgages. ACTION: SUMMARY: This notice announces the availability of the revised Consumer Handbook on Adjustable Rate Mortgages by the Board of Governors of the Federal Reserve System (the Board) and the Office of Thrift Supervision (the OTS). The Consumer Handbook on Adjustable Rate Mortgages (the CHARM booklet) provides information to consumers about the features and risks of adjustable rate mortgage loans. Under Regulation Z (which implements the Truth in Lending Act), creditors must provide a copy of the CHARM booklet published by the Board and the OTS, or a suitable substitute, to consumers with every application for an adjustable rate mortgage loan. The CHARM booklet published by the Board and the OTS today replaces the CHARM booklet published in 1987 and most recently reprinted May 2005. DATES: Creditors may immediately begin using the revised CHARM booklet (or a suitable substitute) to fulfill the requirement in Regulation Z. Beginning on October 1, 2007, creditors must use the CHARM booklet published today or a suitable substitute to comply with Regulation Z. FOR FURTHER INFORMATION CONTACT: Kathleen C. Ryan, Counsel, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, Washington, DC 20551, at (202) 452–2412 or (202) 452–3667. For users of Telecommunications Device for the Deaf (TDD) only, contact (202) 263–4869. How to Obtain Copies: The CHARM booklet is available on the Internet at http://www.federalreserve.gov/pubs/ arms/arms_english.htm. Single copies of the brochure are available free of charge by mailing a request to: Publications, Mail Stop 127, Federal Reserve Board, 20th and C Streets, NW., Washington, DC 20551, or by calling 202–452–3245. SUPPLEMENTARY INFORMATION: The Board and the OTS (the agencies) developed the CHARM booklet in 1987 to educate consumers about the features and risks associated with adjustable rate mortgages. Since 1987, adjustable rate mortgage products have changed, and recently ‘‘interest only’’ and ‘‘payment option’’ features have increasingly been added to adjustable rate mortgage products. Interest only and payment option ARMs—often referred to as ‘‘nontraditional mortgage products’’— allow borrowers to defer payment of principal and, sometimes, interest. To try to ensure that consumers understand E:\FR\FM\29DEN1.SGM 29DEN1

Agencies

[Federal Register Volume 71, Number 250 (Friday, December 29, 2006)]
[Notices]
[Pages 78436-78437]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-22315]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB; Correction

    This notice corrects a notice published on pages 77022-77023 of the 
issue for December 22, 2006.
    Summary:

Background

    Notice is hereby given of the final approval of proposed 
information collection(s) 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

[[Page 78437]]

approved collections of information. Copies of the Paperwork Reduction 
Act Submission, 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 e-mail 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: Consolidated Bank Holding Company Report of Equity 
Investments in Nonfinancial Companies, and the Annual Report of 
Merchant Banking Investments Held for an Extended Period.
    Agency form number: FR Y-12 and FR Y-12A, respectively.
    OMB Control number: 7100-0300.
    Effective Date: December 31, 2006.
    Frequency: FR Y-12, quarterly and semiannually; FR Y-12A, annually.
    Reporters: Bank holding companies, financial holding companies.
    Annual reporting hours: FR Y-12, 1,824; FR Y-12A, 105.
    Estimated average hours per response: FR Y-12, 16; FR Y-12A, 7.
    Number of respondents: FR Y-12, 30; FR Y-12A, 15.
    General description of report: This collection of information is 
mandatory pursuant to Section 5(c) of the Bank Holding Company Act (12 
U.S.C. 1844(c)). The FR Y-12 data are not considered confidential. 
However, bank holding companies may request confidential treatment for 
any information that they believe is subject to an exemption from 
disclosure under the Freedom of Information Act (``FOIA''), 5 U.S.C. 
552(b). The FR Y-12A data would be considered confidential on the basis 
that disclosure of specific commercial or financial data relating to 
investments held for extended periods of time could result in 
substantial harm to the competitive position of the financial holding 
company pursuant to the FOIA (5 U.S.C. 552(b)(4) and (b)(8)).
    Abstract: The FR Y-12 collects data from certain domestic bank 
holding companies on their equity investments in nonfinancial companies 
on four schedules: Type of Investments, Type of Security, Type of 
Entity within the Banking Organization, and Nonfinancial Investment 
Transactions during Reporting Period. The FR Y-12 data serve as an 
important risk-monitoring device for institutions active in this 
business line by allowing the Federal Reserve to monitor an 
institution's activity between review dates. It also serves as an early 
warning mechanism to identify institutions whose activities in this 
area are growing rapidly and therefore warrant special supervisory 
attention.
    Current Actions: On August 31, 2006, the Federal Reserve published 
a notice in the Federal Register (71 FR 51828) requesting public 
comment for sixty days on the extension, without revision, of the 
Consolidated Bank Holding Company Report of Equity Investments in 
Nonfinancial Companies and the implementation of the Annual Report of 
Merchant Banking Investments Held for an Extended Period. The comment 
period for this notice expired on October 30, 2006, and the Federal 
Reserve received two comment letters.
    A subsidiary of a financial holding company (FHC) commented on the 
Federal Reserve Board and U.S. Department of Treasury regulations 
concerning Merchant Banking Holding Periods that went into effect 
February 12, 2001; however, the comment was outside the scope of the 
proposal.
    A FHC requested two modifications to the FR Y-12 instructions 
concerning warrants, their acquisition cost, and the potential 
difficulty in determining their fair value. As a result, the Federal 
Reserve clarified definition of warrants in the Glossary. This same FHC 
suggested re-titling FR Y-12 Schedule D, data item 1; however, the 
Federal Reserve did not accept this suggestion.

    Board of Governors of the Federal Reserve System, December 22, 
2006.
Jennifer J. Johnson,
Secretary of the Board.
 [FR Doc. E6-22315 Filed 12-28-06; 8:45 am]
BILLING CODE 6210-01-P