Proposed Agency Information Collection Activites; Comment Request; Correction, 11879-11880 [E7-4607]

Agencies

• FEDERAL RESERVE SYSTEM

[Federal Register Volume 72, Number 49 (Wednesday, March 14, 2007)]
[Notices]
[Pages 11879-11880]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-4607]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activites; Comment 
Request; Correction

    This notice corrects a notice (FR Doc. E7-4264) published on pages 
10762 through 10764 of the issue for Friday, March 9, 2007.
    Under the Federal Reserve System heading, the entry for Proposed 
Agency Information Collection Activities; Comment Request, is revised 
to read as follows:
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 Paperwork Reduction Act 
Submission, 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 collections of information are 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 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 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 May 8, 2007.

ADDRESSES: You may submit comments, identified by FR 4021 (OMB No.7100-
0306); FR 1375 (OMB No.7100-0307); FR 2060 (OMB No.7100-0232); FR 4031 
(OMB No. 7100-0264); or Reg H-1 (OMB No. 7100-0091) by any of the 
following methods:
     Agency Web Site: https://www.federalreserve.gov. Follow the 
instructions for submitting comments at https://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: https://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 
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 
a.m. and 5 p.m. on weekdays.
    Additionally, commenters should send a copy of their comments to 
the OMB Desk Officer by mail to the Office of Information and 
Regulatory Affairs, U.S. Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street, NW., Washington, DC 20503 
or by fax to 202-395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and 
instructions, the Paperwork Reduction Act Submission, 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 Shore, 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.

Proposals To Approve Under OMB Delegated Authority the Extension for 
Three Years, Without Revision, of the Following Reports

    1. Report title: Notification of Nonfinancial Data Processing 
Activities
    Agency form number: FR 4021.
    OMB control number: 7100-0306.
    Frequency: On occasion.
    Reporters: Bank holding companies.
    Annual reporting hours: 4 hours.
    Estimated average hours per response: 2 hours.
    Number of respondents: 2.
    General description of report: This information collection is 
required to obtain a benefit. (12 U.S.C. 1843(c)(8), (j) and (k)) and 
may be given confidential treatment upon request (5 U.S.C. 552(b)(4)).

[[Page 11880]]

    Abstract: Bank holding companies submit this notification to 
request permission to administer the 49-percent revenue limit on 
nonfinancial data processing activities on a business-line or multiple-
entity basis. A request may be filed in a letter form; there is no 
reporting form for this information collection.
    2. Report title: Survey of Financial Management Behaviors of 
Military Personnel
    Agency form number: FR 1375.
    OMB control number: 7100-0307.
    Frequency: Semi-annually.
    Reporters: Military personnel.
    Annual reporting hours: 2,640 hours.
    Estimated average hours per response: 20 minutes.
    Number of respondents: 4,000.
    General description of report: This information collection is 
voluntary. The statutory basis for collecting this information is 
section 2A of the Federal Reserve Act [12 U.S.C. Sec.  225a]; the Bank 
Merger Act [12 U.S.C. Sec.  1828(c)]; and sections 3 and 4 of the Bank 
Holding Company Act [12 U.S.C. Sec. Sec.  1842 and 1843 and 12 U.S.C. 
Sec. Sec.  353 and 461]. No issue of confidentiality normally arises 
because names and any other characteristics that would permit personal 
identification of respondents will not be reported to the Board.
    Abstract: This survey gathers data from two groups of military 
personnel: (1) those completing a financial education course as part of 
their advanced training and (2) those not completing a financial 
education course. These two groups are surveyed on their financial 
management behaviors and changes in their financial situations over 
time. Data from the survey help to determine the effectiveness of 
financial education for young adults in the military and the durability 
of the effects as measured by financial status of those receiving 
financial education early in their military careers.
    3. Report title: Survey to Obtain Information on the Relevant 
Market in Individual Merger Cases
    Agency form number: FR 2060.
    OMB control number: 7100-0232.
    Frequency: On occasion.
    Reporters: Small businesses and consumers.
    Annual reporting hours: 18 hours.
    Estimated average hours per response: Small businesses, 10 minutes; 
Consumers, 6 minutes.
    Number of respondents: 25 small businesses and 50 consumers per 
survey
    General description of report: This information collection is 
voluntary (12 U.S.C. Sec. Sec. 1817(j), 1828(c), and 1842)) and is 
given confidential treatment (5 U.S.C. Sec. Sec.  552 (b)(4) and 
(b)(6)).
    Abstract: The Federal Reserve uses this information to define 
relevant banking markets for specific merger and acquisition 
applications and to evaluate changes in competition that would result 
from proposed transactions.
    4. Report title: Notice of Branch Closure
    Agency form number: FR 4031.
    OMB control number: 7100-0264.
    Frequency: On occasion.
    Reporters: State member banks.
    Annual burden hours: 422 hours.
    Estimated average hours per response: Reporting requirements, 2 
hours; Disclosure requirements, 1 hour; Recordkeeping requirements, 8 
hours.
    Number of respondents: 124.
    General description of report: This information collection is 
mandatory (12 U.S.C. 1831r-l(a)(1)) and may be given confidential 
treatment upon request (5 U.S.C. 552(b)(4)).
    Abstract: The mandatory reporting, recordkeeping, and disclosure 
requirements regarding the closing of any branch of an insured 
depository institution are imposed by section 228 of the Federal 
Deposit Insurance Corporation Improvement Act of 1991. There is no 
reporting form associated with the reporting portion of this 
information collection; state member banks notify the Federal Reserve 
by letter prior to closing a branch. The Federal Reserve uses the 
information to fulfill its statutory obligation to supervise state 
member banks.
    5. Report title: Reports Related to Securities of State Member 
Banks as Required by Regulation H.
    Agency form number: Reg H-1.
    OMB Control number: 7100-0091.
    Frequency: Quarterly and on occasion.
    Reporters: State member banks.
    Annual reporting hours: 1,477 hours.
    Estimated average hours per response: 5.11 hours.
    Number of respondents: 17.
    General description of report: This information collection is 
mandatory (15 U.S.C. 781(i)) and is not given confidential treatment.
    Abstract: The Federal Reserve's Regulation H requires certain state 
member banks to submit information relating to their securities to the 
Federal Reserve on the same forms that bank holding companies and 
nonbank entities use to submit similar information to the Securities 
and Exchange Commission. The information is primarily used for public 
disclosure and is available to the public upon request.

    Board of Governors of the Federal Reserve System, March 9, 2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-4607 Filed 3-13-07; 8:45 am]
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