Privacy Act of 1974; Notice of Amendment of System of Records, 5720-5722 [E7-1902]

Download as PDF 5720 Federal Register / Vol. 72, No. 25 / Wednesday, February 7, 2007 / Notices sroberts on PROD1PC70 with NOTICES 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 website at 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 March 5, 2007. A. Federal Reserve Bank of Atlanta (Andre Anderson, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309: 1. Encore Bancshares, Inc., Houston, Texas; to become a bank holding company by acquiring 100 percent of voting shares of Encore Bank, Naples, Florida, upon Encore Bank’s conversion from a federal savings bank to a national bank. 2. First NBC Bank Holding Company, to become a bank holding company by acquiring 100 percent of the voting shares of First NBC Bank, both of New Orleans, Louisiana. B. Federal Reserve Bank of Kansas City (Donna J. Ward, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001: 1. First Colorado Financial Corp., Paonia, Colorado; to become a bank holding company by acquiring of 100 percent of the voting shares of First National Bank of Paonia, Paonia, Colorado. Board of Governors of the Federal Reserve System, February 2, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–1986 Filed 1–6–07; 8:45 am] BILLING CODE 6210–01–S VerDate Aug<31>2005 21:36 Feb 06, 2007 Jkt 211001 FEDERAL RESERVE SYSTEM [Docket No. OP–1276] Privacy Act of 1974; Notice of Amendment of System of Records Board of Governors of the Federal Reserve System. ACTION: Notice; amendment of one system of records. AGENCY: SUMMARY: In accordance with the Privacy Act, the Board of Governors of the Federal Reserve System (Board) is publishing notice of the amendment of one system of records entitled Office of Inspector General (OIG) Investigative Records (BGFRS/OIG–1). A new routine use is being added in order for the OIG to be able to participate in qualitative assessment reviews (also known as peer reviews) of investigative operations. We invite public comment on this amended system of records. DATES: Comments must be received on or before March 9, 2007. This system of records will become effective March 19, 2007, without further notice, unless comments dictate otherwise. ADDRESSES: You may submit comments, identified by Docket No. OP–1276, by any of the following methods: • Agency Web site: http:// www.federalreserve.gov. Follow the instructions for submitting comments. 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 docket 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 http:// www.federalreserve.gov/generalinfo/ foia/ProposedRegs.cfm as submitted, except as necessary 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, NW.) between 9 a.m. and 5 p.m. on weekdays. FOR FURTHER INFORMATION CONTACT: Laurence A. Froehlich, Assistant Inspector General for Legal Services, Office of the Inspector General, Board of PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 Governors of the Federal Reserve System, 20th and C Streets, NW., Mail Stop 300, Washington, DC 20551, or (202) 973–5019, or larry.froehlich@frb.gov. This publication satisfies the Privacy Act requirement that agencies publish an amended system of records notice in the Federal Register when there is a revision, change, or addition to the system of records. The Board’s OIG has decided to amend BGFRS/OIG–1 to permit disclosure of records for the purpose of qualitative assessment reviews. The Homeland Security Act of 2002 (Pub. L. 107–296, Nov. 25, 2002) requires certain Inspectors General to ‘‘establish an external review process for ensuring that adequate internal safeguards and management procedures continue to exist within each Office * * *.’’ The Executive Council on Integrity and Efficiency (ECIE) and the President’s Council on Integrity and Efficiency (PCIE) have established peer review processes that are designed to provide qualitative measurement against Inspector General community standards to ensure that adequate internal safeguards and management procedures are maintained, to foster high-quality investigations and investigative processes, to ensure that the highest level of professionalism is maintained, and to promote consistency in investigative standards and practices within the Inspector General community. The Board’s OIG has committed to undergoing qualitative assessment reviews of its investigations program. Proposed routine use (7) will allow disclosure of information to authorized officials within the ECIE, the PCIE, the Department of Justice, and the Federal Bureau of Investigation, as necessary, for the purpose of conducting qualitative assessment reviews of the OIG’s investigative operations. In addition, the Board has made a technical change under ‘‘System Manager and Address’’ to accurately reflect system management changes. In accordance with 5 U.S.C. 552a(r), a report of this amended system of records is being filed with the Chair of the House Committee on Homeland Security and Government Reform and Oversight, the Chair of the Senate Committee on Governmental Affairs, and the Office of Management and Budget. SUPPLEMENTARY INFORMATION: SYSTEM NAME: OIG Investigative Records. E:\FR\FM\07FEN1.SGM 07FEN1 Federal Register / Vol. 72, No. 25 / Wednesday, February 7, 2007 / Notices SYSTEM LOCATION: Office of Inspector General, Board of Governors of the Federal Reserve System, 1709 New York Avenue NW., Suite 3000, Washington, DC 20006. CATEGORIES OF INDIVIDUALS COVERED BY THE SYSTEM: Individuals covered consist of: (1) Officers or employees of the Board or other persons involved in the Board’s programs or operations who are or have been under investigation by the Board’s Office of Inspector General in order to determine whether such officers, employees or other persons have been or are engaging in fraud and abuse with respect to the Board’s programs or operations; and (2) Complainants and witnesses where necessary for future retrieval. CATEGORIES OF RECORDS IN THE SYSTEM: The system contains files on individual investigations, including investigative reports and related documents generated during the course of or subsequent to an investigation. It includes electronic and hard-copy casetracking systems, databases containing investigatory information, ‘‘Hotline’’ telephone logs, and investigator work papers and memoranda and letter referrals to management or others. AUTHORITY FOR MAINTENANCE OF THE SYSTEM: 5 U.S.C. App. 4(a)(1) and 6(a)(2). PURPOSES: These records are collected, maintained and used by the OIG in its inquiries and investigations and reports relating to the administration of the Board’s programs and operations and to manage the investigatory program. sroberts on PROD1PC70 with NOTICES ROUTINE USES: Under normal circumstances, no individually identifiable records will be provided. However, under those unusual circumstances when release of information contained in an individually identifiable record is required, proper safeguards will be maintained to protect the information collected from unwarranted invasion of personal privacy. Subject to this general limitation, the routine uses are as follows: 1. In the event the information in the system of records indicates a violation or potential violation of a criminal or civil law, rule, or regulation, the relevant records may be disclosed to the appropriate federal, state, or local agency or authority responsible for investigating or prosecuting such a violation or for enforcing or implementing a statute, rule, or regulation. VerDate Aug<31>2005 21:36 Feb 06, 2007 Jkt 211001 2. The information in the system of records may be disclosed to a court, magistrate, or administrative tribunal in the course of presenting evidence, including disclosures to counsel or witnesses in the course of civil discovery, litigation, or settlement negotiations or in connection with criminal proceedings. 3. The information may be disclosed to a congressional office in response to an inquiry made by that office at the request of the individual who is the subject of the records. 4. The information may be disclosed to any source, including a federal, state, or local agency maintaining civil, criminal, or other relevant enforcement information or other pertinent information, but only to the extent necessary for the OIG to obtain information relevant to an OIG investigation. 5. The information maybe disclosed in order to respond to a federal agency’s request made in connection with the hiring or retention of an individual, the issuance of a security clearance, the reporting of an investigation of an individual, the letting of a contract or issuance of a grant, license, or other benefit by the requesting agency, but only to the extent that the information disclosed is necessary and relevant to the requesting agency’s decision on the matter. 6. The information may be disclosed to other federal entities, such as other federal Offices of Inspector General or the General Accounting Office, or to a private party with which the OIG or the Board has contracted for the purpose of auditing or reviewing the performance or internal management of the OIG’s investigatory program, provided the record will not be transferred in a form that is individually identifiable, and provided further that the entity acknowledges in writing that it is required to maintain Privacy Act safeguards for the information. 7. The information may be disclosed to officials charged with the responsibility to conduct qualitative assessment reviews of internal safeguards and management procedures employed in investigative operations. This disclosure category consists of members of the Executive Council on Integrity and Efficiency (ECIE), the President’s Council on Integrity and Efficiency (PCIE), and officials and administrative staff within their investigative chain of command authorized by the ECIE or PCIE to conduct or participate in such qualitative assessment reviews. In addition to the foregoing routine uses, a record which is contained in this PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 5721 system and derived from another Board system of records may be disclosed as a routine use as specified in the Federal Register notice of the system of records from which the records derived. POLICIES AND PRACTICES FOR STORING, RETRIEVING, ACCESSING, RETAINING, AND DISPOSING OF RECORDS IN THE SYSTEM: STORAGE: These records are maintained in file folders, computer disks, electronic media, and reports on each investigation. RETRIEVABILITY: Records are generally indexed by name of person under investigation, investigation number, referral number, or investigative subject matter. SAFEGUARDS: File folders are maintained in lockable metal file cabinets stored in offices that are locked when not in use. Computer disks and electronic media are locked in the lockable metal file cabinets with their related file folders, and information not so lockable is kept in individual offices in locked or passworded computer hardware. Access to the information in the cabinets and individual offices is permitted only by and to specifically authorized personnel. RETENTION AND DISPOSAL: Records in file folders are retained as long as needed and then destroyed by shredding. Computer disks are cleared, retired, or destroyed when no longer useful. Entries on electronic media are deleted or erased when no longer needed. SYSTEM MANAGER AND ADDRESS: Inspector General, Board of Governors of the Federal Reserve System, 20th and C Streets, NW., Mail Stop 300, Washington, DC 20551. NOTIFICATION PROCEDURE: A person requesting notice as to whether this system of records contains information pertaining to him or her should write to the Office of Inspector General, Mail Stop 300, Board of Governors of the Federal Reserve System, Washington, DC 20551. Individuals requesting their own records must provide their name and address and a notarized statement attesting to the individual’s identity. Requests submitted on behalf of other persons must include their written, notarized authorization. Such requests in the form prescribed may also be presented in person at the Office of the Inspector General, 1709 New York Avenue, NW., Washington, DC 20006. E:\FR\FM\07FEN1.SGM 07FEN1 5722 Federal Register / Vol. 72, No. 25 / Wednesday, February 7, 2007 / Notices Simultaneously with requesting notification of inclusion in this system of records, the individual may request record access as described in the following section, ‘‘Record access procedures.’’ RECORD ACCESS PROCEDURES: Specific materials in this system have been exempted from Privacy Act provisions at 5 U.S.C. 552a(d), regarding access to records. The section of this notice titled ‘‘Exemptions claimed for the system’’ indicates the kinds of material exempted and the reasons for exempting them from access. Individuals wishing to request access to non-exempt records should follow the procedures described in the ‘‘Notification procedure’’ section. Requests submitted on behalf of other persons must include their written, notarized authorization. If access to such information by a subject individual is deemed consistent with the purposes for which this system of records has been established, then the individual will be notified by the OIG as to the time and place for access to the records. The OIG will also notify individuals when access is denied. CONTESTING RECORD PROCEDURE: Individuals requesting amendment or contesting records in this system of records should contact the OIG at the address given above, reasonably identify the records, specify the information being contested, the rationale for the challenge, and supply the information requested to be substituted. Such individuals must also comply with the Board’s Privacy Act regulations on ‘‘Request for correction or amendment of record’’ (12 CFR 261a.7). RECORD SOURCE CATEGORIES: The OIG collects information from many sources including the subject individuals, employees of the Board and the Federal Reserve System, other government employees, witnesses and informants, and nongovernmental sources. sroberts on PROD1PC70 with NOTICES SYSTEM(S) EXEMPTED FROM CERTAIN PROVISIONS OF THE ACT: Pursuant to 5 U.S.C. 552a(k)(2), this system of records is exempted from 5 U.S.C. 552a(c)(3), (d)(1), (d)(2), (e)(1), (e)(4)(G), (H), and (I), and (f) to the extent the system of records consists of investigatory material compiled for law enforcement purposes. Pursuant to 5 U.S.C. 552a(k)(5), this system of records is exempted from 5 U.S.C. 552a(d)(1) to the extent that it consists of investigatory material compiled for the purpose of determining suitability, eligibility, or qualifications for federal VerDate Aug<31>2005 21:36 Feb 06, 2007 Jkt 211001 civilian employment or federal contracts, the release of which would reveal the identity of a source who furnished confidential information to the Government under an express promise that the identity of the source would be held in confidence. Pursuant to 5 U.S.C. 552a(j)(2), this system of records is exempted from 5 U.S.C. 552a(c)(3), (d)(1), (d)(2), (e)(1), (e)(2), and (e)(3) to the extent that it consists of information compiled for the purpose of criminal investigations. By order of the Board of Governors of the Federal Reserve System, February 1, 2007. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E7–1902 Filed 2–6–07; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Office of the Secretary Notice of Interest Rate on Overdue Debts Section 30.13 of the Department of Health and Human Services’ claims collection regulations (45 CFR Part 30) provides that the Secretary shall charge an annual rate of interest as fixed by the Secretary of the Treasury after taking into consideration private consumer rates of interest prevailing on the date that HHS becomes entitled to recovery. The rate generally cannot be lower than the Department of Treasury’s current value of funds rate or the applicable rate determined from the ‘‘Schedule of Certified Interest Rates with Range of Maturities.’’ This rate may be revised quarterly by the Secretary of the Treasury and shall be published quarterly by the Department of Health and Human Services in the Federal Register. The Secretary of the Treasury has certified a rate of 121⁄2% for the quarter ended December 31, 2006. This interest rate will remain in effect until such time as the Secretary of the Treasury notifies HHS of any change. Dated: January 30, 2007. Jean Augustine, Director, Office of Financial Policy and Reporting. [FR Doc. 07–536 Filed 2–6–07; 8:45 am] BILLING CODE 4150–04–M PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 DEPARTMENT OF HEALTH AND HUMAN SERVICES Office of the National Coordinator for Health Information Technology; American Health Information Community Consumer Empowerment Workgroup Meeting ACTION: Announcement of meeting. SUMMARY: This notice announces the 14th meeting of the American Health Information Community Consumer Empowerment Workgroup in accordance with the Federal Advisory Committee Act (Pub. L. 92–463, 5 U.S.C., App.) DATES: February 16, 2007, from 1 p.m. to 4 p.m. ADDRESSES: Mary C. Switzer Building (330 C Street, SW., Washington, DC 20201), Conference Room 4090 (please bring photo ID for entry to a Federal building). FOR FURTHER INFORMATION CONTACT: http://www.hhs.gov/healthit/ahic/ consumer/. SUPPLEMENTARY INFORMATION: The Workgroup will discuss outcomes from the recent AHIC recommendations process, and continue discussion on a personal health record. For additional information, go to http://www.hhs.gov/ healthit/ahic/consumer/ celinstruct.html. Dated: January 29, 2007. Judith Sparrow, Director, American Health Information Community, Office of Programs and Coordination, Office of the National Coordinator for Health Information Technology. [FR Doc. 07–513 Filed 2–6–07; 8:45 am] BILLING CODE 4150–24–M DEPARTMENT OF HEALTH AND HUMAN SERVICES Office of the National Coordinator for Health Information Technology; American Health Information Community Confidentiality, Privacy, and Security Workgroup Meeting ACTION: Announcement of meeting SUMMARY: This notice announces the seventh meeting of the American Health Information Community Confidentiality, Privacy, and Security Workgroup in accordance with the Federal Advisory Committee Act (Pub. L. 92–463, 5 U.S.C., App.) DATES: February 20, 2007, from 1 p.m. to 5 p.m. EST. ADDRESSES: Mary C. Switzer Building (330 C Street, SW., Washington, DC E:\FR\FM\07FEN1.SGM 07FEN1

Agencies

[Federal Register Volume 72, Number 25 (Wednesday, February 7, 2007)]
[Notices]
[Pages 5720-5722]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-1902]


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FEDERAL RESERVE SYSTEM

[Docket No. OP-1276]


Privacy Act of 1974; Notice of Amendment of System of Records

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice; amendment of one system of records.

-----------------------------------------------------------------------

SUMMARY: In accordance with the Privacy Act, the Board of Governors of 
the Federal Reserve System (Board) is publishing notice of the 
amendment of one system of records entitled Office of Inspector General 
(OIG) Investigative Records (BGFRS/OIG-1). A new routine use is being 
added in order for the OIG to be able to participate in qualitative 
assessment reviews (also known as peer reviews) of investigative 
operations. We invite public comment on this amended system of records.

DATES: Comments must be received on or before March 9, 2007. This 
system of records will become effective March 19, 2007, without further 
notice, unless comments dictate otherwise.

ADDRESSES: You may submit comments, identified by Docket No. OP-1276, 
by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments. 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 docket 
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 
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as 
submitted, except as necessary 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, NW.) between 9 a.m. and 5 p.m. on weekdays.

FOR FURTHER INFORMATION CONTACT: Laurence A. Froehlich, Assistant 
Inspector General for Legal Services, Office of the Inspector General, 
Board of Governors of the Federal Reserve System, 20th and C Streets, 
NW., Mail Stop 300, Washington, DC 20551, or (202) 973-5019, or 
larry.froehlich@frb.gov.

SUPPLEMENTARY INFORMATION: This publication satisfies the Privacy Act 
requirement that agencies publish an amended system of records notice 
in the Federal Register when there is a revision, change, or addition 
to the system of records. The Board's OIG has decided to amend BGFRS/
OIG-1 to permit disclosure of records for the purpose of qualitative 
assessment reviews. The Homeland Security Act of 2002 (Pub. L. 107-296, 
Nov. 25, 2002) requires certain Inspectors General to ``establish an 
external review process for ensuring that adequate internal safeguards 
and management procedures continue to exist within each Office * * *.''
    The Executive Council on Integrity and Efficiency (ECIE) and the 
President's Council on Integrity and Efficiency (PCIE) have established 
peer review processes that are designed to provide qualitative 
measurement against Inspector General community standards to ensure 
that adequate internal safeguards and management procedures are 
maintained, to foster high-quality investigations and investigative 
processes, to ensure that the highest level of professionalism is 
maintained, and to promote consistency in investigative standards and 
practices within the Inspector General community. The Board's OIG has 
committed to undergoing qualitative assessment reviews of its 
investigations program. Proposed routine use (7) will allow disclosure 
of information to authorized officials within the ECIE, the PCIE, the 
Department of Justice, and the Federal Bureau of Investigation, as 
necessary, for the purpose of conducting qualitative assessment reviews 
of the OIG's investigative operations.
    In addition, the Board has made a technical change under ``System 
Manager and Address'' to accurately reflect system management changes.
    In accordance with 5 U.S.C. 552a(r), a report of this amended 
system of records is being filed with the Chair of the House Committee 
on Homeland Security and Government Reform and Oversight, the Chair of 
the Senate Committee on Governmental Affairs, and the Office of 
Management and Budget.

SYSTEM NAME:
    OIG Investigative Records.

[[Page 5721]]

SYSTEM LOCATION:
    Office of Inspector General, Board of Governors of the Federal 
Reserve System, 1709 New York Avenue NW., Suite 3000, Washington, DC 
20006.

CATEGORIES OF INDIVIDUALS COVERED BY THE SYSTEM:
    Individuals covered consist of:
    (1) Officers or employees of the Board or other persons involved in 
the Board's programs or operations who are or have been under 
investigation by the Board's Office of Inspector General in order to 
determine whether such officers, employees or other persons have been 
or are engaging in fraud and abuse with respect to the Board's programs 
or operations; and
    (2) Complainants and witnesses where necessary for future 
retrieval.

CATEGORIES OF RECORDS IN THE SYSTEM:
    The system contains files on individual investigations, including 
investigative reports and related documents generated during the course 
of or subsequent to an investigation. It includes electronic and hard-
copy case-tracking systems, databases containing investigatory 
information, ``Hotline'' telephone logs, and investigator work papers 
and memoranda and letter referrals to management or others.

AUTHORITY FOR MAINTENANCE OF THE SYSTEM:
    5 U.S.C. App. 4(a)(1) and 6(a)(2).

PURPOSES:
    These records are collected, maintained and used by the OIG in its 
inquiries and investigations and reports relating to the administration 
of the Board's programs and operations and to manage the investigatory 
program.

ROUTINE USES:
    Under normal circumstances, no individually identifiable records 
will be provided. However, under those unusual circumstances when 
release of information contained in an individually identifiable record 
is required, proper safeguards will be maintained to protect the 
information collected from unwarranted invasion of personal privacy. 
Subject to this general limitation, the routine uses are as follows:
    1. In the event the information in the system of records indicates 
a violation or potential violation of a criminal or civil law, rule, or 
regulation, the relevant records may be disclosed to the appropriate 
federal, state, or local agency or authority responsible for 
investigating or prosecuting such a violation or for enforcing or 
implementing a statute, rule, or regulation.
    2. The information in the system of records may be disclosed to a 
court, magistrate, or administrative tribunal in the course of 
presenting evidence, including disclosures to counsel or witnesses in 
the course of civil discovery, litigation, or settlement negotiations 
or in connection with criminal proceedings.
    3. The information may be disclosed to a congressional office in 
response to an inquiry made by that office at the request of the 
individual who is the subject of the records.
    4. The information may be disclosed to any source, including a 
federal, state, or local agency maintaining civil, criminal, or other 
relevant enforcement information or other pertinent information, but 
only to the extent necessary for the OIG to obtain information relevant 
to an OIG investigation.
    5. The information maybe disclosed in order to respond to a federal 
agency's request made in connection with the hiring or retention of an 
individual, the issuance of a security clearance, the reporting of an 
investigation of an individual, the letting of a contract or issuance 
of a grant, license, or other benefit by the requesting agency, but 
only to the extent that the information disclosed is necessary and 
relevant to the requesting agency's decision on the matter.
    6. The information may be disclosed to other federal entities, such 
as other federal Offices of Inspector General or the General Accounting 
Office, or to a private party with which the OIG or the Board has 
contracted for the purpose of auditing or reviewing the performance or 
internal management of the OIG's investigatory program, provided the 
record will not be transferred in a form that is individually 
identifiable, and provided further that the entity acknowledges in 
writing that it is required to maintain Privacy Act safeguards for the 
information.
    7. The information may be disclosed to officials charged with the 
responsibility to conduct qualitative assessment reviews of internal 
safeguards and management procedures employed in investigative 
operations. This disclosure category consists of members of the 
Executive Council on Integrity and Efficiency (ECIE), the President's 
Council on Integrity and Efficiency (PCIE), and officials and 
administrative staff within their investigative chain of command 
authorized by the ECIE or PCIE to conduct or participate in such 
qualitative assessment reviews.
    In addition to the foregoing routine uses, a record which is 
contained in this system and derived from another Board system of 
records may be disclosed as a routine use as specified in the Federal 
Register notice of the system of records from which the records 
derived.

POLICIES AND PRACTICES FOR STORING, RETRIEVING, ACCESSING, RETAINING, 
AND DISPOSING OF RECORDS IN THE SYSTEM:
STORAGE:
    These records are maintained in file folders, computer disks, 
electronic media, and reports on each investigation.

RETRIEVABILITY:
    Records are generally indexed by name of person under 
investigation, investigation number, referral number, or investigative 
subject matter.

SAFEGUARDS:
    File folders are maintained in lockable metal file cabinets stored 
in offices that are locked when not in use. Computer disks and 
electronic media are locked in the lockable metal file cabinets with 
their related file folders, and information not so lockable is kept in 
individual offices in locked or passworded computer hardware. Access to 
the information in the cabinets and individual offices is permitted 
only by and to specifically authorized personnel.

RETENTION AND DISPOSAL:
    Records in file folders are retained as long as needed and then 
destroyed by shredding. Computer disks are cleared, retired, or 
destroyed when no longer useful. Entries on electronic media are 
deleted or erased when no longer needed.

SYSTEM MANAGER AND ADDRESS:
    Inspector General, Board of Governors of the Federal Reserve 
System, 20th and C Streets, NW., Mail Stop 300, Washington, DC 20551.

NOTIFICATION PROCEDURE:
    A person requesting notice as to whether this system of records 
contains information pertaining to him or her should write to the 
Office of Inspector General, Mail Stop 300, Board of Governors of the 
Federal Reserve System, Washington, DC 20551. Individuals requesting 
their own records must provide their name and address and a notarized 
statement attesting to the individual's identity. Requests submitted on 
behalf of other persons must include their written, notarized 
authorization. Such requests in the form prescribed may also be 
presented in person at the Office of the Inspector General, 1709 New 
York Avenue, NW., Washington, DC 20006.

[[Page 5722]]

Simultaneously with requesting notification of inclusion in this system 
of records, the individual may request record access as described in 
the following section, ``Record access procedures.''

RECORD ACCESS PROCEDURES:
    Specific materials in this system have been exempted from Privacy 
Act provisions at 5 U.S.C. 552a(d), regarding access to records. The 
section of this notice titled ``Exemptions claimed for the system'' 
indicates the kinds of material exempted and the reasons for exempting 
them from access. Individuals wishing to request access to non-exempt 
records should follow the procedures described in the ``Notification 
procedure'' section. Requests submitted on behalf of other persons must 
include their written, notarized authorization. If access to such 
information by a subject individual is deemed consistent with the 
purposes for which this system of records has been established, then 
the individual will be notified by the OIG as to the time and place for 
access to the records. The OIG will also notify individuals when access 
is denied.

CONTESTING RECORD PROCEDURE:
    Individuals requesting amendment or contesting records in this 
system of records should contact the OIG at the address given above, 
reasonably identify the records, specify the information being 
contested, the rationale for the challenge, and supply the information 
requested to be substituted. Such individuals must also comply with the 
Board's Privacy Act regulations on ``Request for correction or 
amendment of record'' (12 CFR 261a.7).

RECORD SOURCE CATEGORIES:
    The OIG collects information from many sources including the 
subject individuals, employees of the Board and the Federal Reserve 
System, other government employees, witnesses and informants, and 
nongovernmental sources.

SYSTEM(S) EXEMPTED FROM CERTAIN PROVISIONS OF THE ACT:
    Pursuant to 5 U.S.C. 552a(k)(2), this system of records is exempted 
from 5 U.S.C. 552a(c)(3), (d)(1), (d)(2), (e)(1), (e)(4)(G), (H), and 
(I), and (f) to the extent the system of records consists of 
investigatory material compiled for law enforcement purposes. Pursuant 
to 5 U.S.C. 552a(k)(5), this system of records is exempted from 5 
U.S.C. 552a(d)(1) to the extent that it consists of investigatory 
material compiled for the purpose of determining suitability, 
eligibility, or qualifications for federal civilian employment or 
federal contracts, the release of which would reveal the identity of a 
source who furnished confidential information to the Government under 
an express promise that the identity of the source would be held in 
confidence. Pursuant to 5 U.S.C. 552a(j)(2), this system of records is 
exempted from 5 U.S.C. 552a(c)(3), (d)(1), (d)(2), (e)(1), (e)(2), and 
(e)(3) to the extent that it consists of information compiled for the 
purpose of criminal investigations.

    By order of the Board of Governors of the Federal Reserve 
System, February 1, 2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-1902 Filed 2-6-07; 8:45 am]
BILLING CODE 6210-01-P