Agency Information Collection Activities: Submission for OMB Review; Comment Request, 30007-30008 [E7-10292]

Download as PDF Federal Register / Vol. 72, No. 103 / Wednesday, May 30, 2007 / Notices early as possible; please allow at least 5 days advance notice. Last minute requests will be accepted, but may be impossible to fill. Send an e-mail to: fcc504@fcc.gov or call the Consumer & Governmental Affairs Bureau at 202– 418–0530 (voice), 202–418–0432 (tty). Additional information concerning this meeting may be obtained from Audrey Spivack or David Fiske, Office of Media Relations, (202) 418–0500; TTY 1–888–835–5322. Audio/Video coverage of the meeting will be broadcast live with open captioning over the Internet from the FCC’s Audio/ Video Events web page at http://www.fcc.gov/realaudio. For a fee this meeting can be viewed live over George Mason University’s Capitol Connection. The Capitol Connection also will carry the meeting live via the Internet. To purchase these services call (703) 993–3100 or go to http://www.capitolconnection.gmu.edu. Copies of materials adopted at this meeting can be purchased from the FCC’s duplicating contractor, Best Copy and Printing, Inc. (202) 488–5300; Fax (202) 488–5563; TTY (202) 488–5562. These copies are available in paper format and alternative media, including large print/type; digital disk; and audio and video tape. Best Copy and Printing, Inc. may be reached by e-mail at FCC@BCPIWEB.com. Federal Communications Commission. William F. Caton, Deputy Secretary. [FR Doc. 07–2685 Filed 5–25–07; 11:20 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Submission for OMB Review; Comment Request Federal Deposit Insurance Corporation (FDIC). ACTION: Notice of information collections to be submitted to OMB for review and approval under the Paperwork Reduction Act of 1995. sroberts on PROD1PC70 with NOTICES AGENCY: SUMMARY: In accordance with requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it plans to submit to the Office of Management and Budget (OMB) a request for OMB review and approval of the following information collections: Application for Consent to Exercise Trust Powers (3064–0025); Asset Securitization (3064–0137); and Insurance Sales Consumer Protections VerDate Aug<31>2005 19:13 May 29, 2007 Jkt 211001 (3064–0140). These collections of information are described below. DATES: Comments must be submitted on or before June 29, 2007. ADDRESSES: Interested parties are invited to submit written comments by any of the following methods. All comments should refer to the name of the collection: • http://www.FDIC.gov/regulations/ laws/federal/notices.html. • E-mail: comments@fdic.gov. Include the name of the collection in the subject line of the message. • Mail: Steve Hanft (202–898–3907), Clearance Officer, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. • Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the 550 17th Street Building (located on F Street), on business days between 7 a.m. and 5 p.m. A copy of the comments may also be submitted to the OMB Desk Officer for the FDIC, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Steve Hanft (address above). SUPPLEMENTARY INFORMATION: 1. Title: Application for Consent to Exercise Trust Powers. OMB Number: 3064–0025. Form Number: FDIC 6200/09. Frequency of Response: On occasion. Affected Public: Insured state nonmember banks wishing to exercise trust powers. Estimated Number of Respondents: 18. Estimated Time per Response for Eligible Depository Institutions: 8 hours. Estimated Time per Response for Institutions that do not Qualify as Eligible Institutions: 24 hours. Total Annual Burden: 208 hours. General Description of Collection: FDIC regulations (12 CFR 333.2) prohibit any insured state nonmember bank from changing the general character of its business without the prior written consent of the FDIC. The exercise of trust powers by a bank is usually considered to be a change in the general character of a bank’s business if the bank did not exercise those powers previously. Therefore, unless a bank is currently exercising trust powers, it must file a formal application to obtain the FDIC’s written consent to exercise trust powers. State banking authorities, not the FDIC, grant trust powers to their banks. The FDIC merely consents to the exercise of such powers. Applicants use form FDIC 6200/09 to obtain FDIC’s consent. PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 30007 2. Title: Interagency Guidance on Asset Securitization Activities. OMB Number: 3064–0137. Form Number: None. Frequency of Response: On occasion. Affected Public: Insured state nonmember banks involved in asset securitization activities. Estimated Number of Responses: 20. Estimated Time per Response: 7.45 hours. Total Annual Burden: 149 hours. General Description of Collection: This collection applies to institutions engaged in asset securitization and consists in recordkeeping requirements associated with developing or upgrading a written asset securitization policy, documenting fair value of retained interests, and a management information system to monitor securitization activities. Bank managements use this information as the basis for the safe and sound operation of their asset securitization activities and to ensure that they minimize operational risk in these activities. The FDIC uses the information to evaluate the quality of an institution’s risk management practices, and to assist institutions without proper internal supervision of their asset securitization activities to implement corrective action to conduct these activities in a safe and sound manner. 3. Title: Consumer Protections for Depository Institution Sales of Insurance. OMB Number: 3064–0140. Form Number: None. Frequency of Response: On occasion. Affected Public: Insured state nonmember banks that sell insurance products; persons who sell insurance products in or on behalf of insured state nonmember banks. Estimated Number of Respondents: 3,740. Estimated Time per Response: 5 hours. Total Annual Burden: 18,700 hours. General Description of Collection: Respondents must prepare and provide certain disclosures to consumers (e.g., that insurance products and annuities are not FDIC-insured) and obtain consumer acknowledgments, at two different times: (1) before the completion of the initial sale of an insurance product or annuity to a consumer; and (2) at the time of application for the extension of credit (if insurance products or annuities are sold, solicited, advertised, or offered in connection with an extension of credit). Request for Comment Comments are invited on: (a) Whether these collections of information are E:\FR\FM\30MYN1.SGM 30MYN1 30008 Federal Register / Vol. 72, No. 103 / Wednesday, May 30, 2007 / Notices necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimates 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; (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; and (e) estimates of capital or start up costs, and costs of operation, maintenance and purchase of services to provide the information. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the collections should be modified prior to submission to OMB for review and approval. Comments submitted in response to this notice also will be summarized or included in the FDIC’s requests to OMB for renewal of these collections. All comments will become a matter of public record. Dated at Washington, DC, this 23rd day of May, 2007. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. E7–10292 Filed 5–29–07; 8:45 am] BILLING CODE 6714–01–P FEDERAL ELECTION COMMISSION [Notice 2007–12] Filing Dates for the Massachusetts Special Election in the 5th Congressional District AGENCY: Federal Election Commission. Notice of filing dates for special election. ACTION: SUMMARY: Massachusetts has scheduled elections on September 4, 2007, and October 16, 2007, to fill the U.S. House of Representatives seat in the Fifth Congressional District vacated by Representative Martin T. Meehan. Committees required to file reports in connection with the Special Primary Election on September 4, 2007, shall file a 12-day Pre-Primary Report. Committees required to file reports in connection with both the Special Primary and Special General Election on October 16, 2007, shall file a 12-day PrePrimary Report, a 12-day Pre-General Report, and a 30-day Post-General Report. FOR FURTHER INFORMATION CONTACT: Mr. Kevin R. Salley, Information Division, 999 E Street, NW., Washington, DC 20463; Telephone: (202) 694–1100; Toll Free (800) 424–9530. SUPPLEMENTARY INFORMATION: Principal Campaign Committees All principal campaign committees of candidates who participate in the Massachusetts Special Primary and Special General Elections shall file a 12day Pre-Primary Report on August 23, 2007; a 12-day Pre-General Report on October 4, 2007; and a 30-day PostGeneral Report on November 15, 2007. (See chart below for the closing date for each report). All principal campaign committees of candidates participating only in the Special Primary Election shall file a 12day Pre-Primary Report on August 23, 2007. (See chart below for the closing date for each report). Unauthorized Committees (PACs and Party Committees) Political committees filing on a semiannual basis in 2007 are subject to special election reporting if they make previously undisclosed contributions or expenditures in connection with the Massachusetts Special Primary or Special General Elections by the close of books for the applicable report(s). (See chart below for the closing date for each report). Committees filing monthly that support candidates in the Massachusetts Special Primary or Special General Election should continue to file according to the monthly reporting schedule. Disclosure of Electioneering Communications (Individuals and Other Unregistered Organizations) Federal Election Commission electioneering communications rules govern television and radio communications that refer to a clearly identified federal candidate and are distributed within 30 days prior to a special primary election or 60 days prior to a special general election. 11 CFR 100.29. See also 2 U.S.C. 434(f). The statute and regulations require, among other things, that individuals and other groups not registered with the FEC who make electioneering communications costing more than $10,000 in the aggregate in a calendar year disclose that activity to the Commission within 24 hours of the distribution of the communication. See 2 U.S.C. 434(f)(1) and 11 CFR 104.20. The 30-day electioneering communications period in connection with the Massachusetts Special Primary runs from August 5, 2007, through September 4, 2007. The 60-day electioneering communications period in connection with the Massachusetts Special General runs from August 17, 2007, through October 16, 2007. CALENDAR OF REPORTING DATES FOR MASSACHUSETTS SPECIAL ELECTION Close of books 1 Report Reg./cert. & overnight mailing deadline Filing deadline Quarterly Filing Committees Involved in Only the Special Primary (09/04/07), Must File Pre-Primary .................................................................................................................................. October Quarterly ........................................................................................................................ 08/15/07 09/30/07 08/20/07 10/15/07 08/23/07 10/15/07 sroberts on PROD1PC70 with NOTICES Semiannual Filing Committees Involved in Only the Special Primary (09/04/07), Must File Pre-Primary .................................................................................................................................. Year-End ...................................................................................................................................... 08/15/07 12/31/07 08/20/07 01/31/08 08/23/07 01/31/08 Quarterly Filing Committees Involved in Both the Special Primary (09/04/07) and Special General (10/16/07) Must File Pre-Primary .................................................................................................................................. Pre-General ................................................................................................................................. October Quarterly ........................................................................................................................ VerDate Aug<31>2005 19:13 May 29, 2007 Jkt 211001 PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 08/15/07 09/26/07 09/30/07 E:\FR\FM\30MYN1.SGM 30MYN1 08/20/07 10/01/07 10/15/07 08/23/07 10/04/07 10/15/07

Agencies

[Federal Register Volume 72, Number 103 (Wednesday, May 30, 2007)]
[Notices]
[Pages 30007-30008]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-10292]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collections to be submitted to OMB for 
review and approval under the Paperwork Reduction Act of 1995.

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

SUMMARY: In accordance with requirements of the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it 
plans to submit to the Office of Management and Budget (OMB) a request 
for OMB review and approval of the following information collections: 
Application for Consent to Exercise Trust Powers (3064-0025); Asset 
Securitization (3064-0137); and Insurance Sales Consumer Protections 
(3064-0140). These collections of information are described below.

DATES: Comments must be submitted on or before June 29, 2007.

ADDRESSES: Interested parties are invited to submit written comments by 
any of the following methods. All comments should refer to the name of 
the collection:
     http://www.FDIC.gov/regulations/laws/federal/notices.html.
     E-mail: comments@fdic.gov. Include the name of the 
collection in the subject line of the message.
     Mail: Steve Hanft (202-898-3907), Clearance Officer, 
Federal Deposit Insurance Corporation, 550 17th Street, NW., 
Washington, DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 550 17th Street Building (located on F 
Street), on business days between 7 a.m. and 5 p.m.
    A copy of the comments may also be submitted to the OMB Desk 
Officer for the FDIC, Office of Information and Regulatory Affairs, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Steve Hanft (address above).

SUPPLEMENTARY INFORMATION:
    1. Title: Application for Consent to Exercise Trust Powers.
    OMB Number: 3064-0025.
    Form Number: FDIC 6200/09.
    Frequency of Response: On occasion.
    Affected Public: Insured state nonmember banks wishing to exercise 
trust powers.
    Estimated Number of Respondents: 18.
    Estimated Time per Response for Eligible Depository Institutions: 8 
hours.
    Estimated Time per Response for Institutions that do not Qualify as 
Eligible Institutions: 24 hours.
    Total Annual Burden: 208 hours.
    General Description of Collection: FDIC regulations (12 CFR 333.2) 
prohibit any insured state nonmember bank from changing the general 
character of its business without the prior written consent of the 
FDIC. The exercise of trust powers by a bank is usually considered to 
be a change in the general character of a bank's business if the bank 
did not exercise those powers previously. Therefore, unless a bank is 
currently exercising trust powers, it must file a formal application to 
obtain the FDIC's written consent to exercise trust powers. State 
banking authorities, not the FDIC, grant trust powers to their banks. 
The FDIC merely consents to the exercise of such powers. Applicants use 
form FDIC 6200/09 to obtain FDIC's consent.

    2. Title: Interagency Guidance on Asset Securitization Activities.
    OMB Number: 3064-0137.
    Form Number: None.
    Frequency of Response: On occasion.
    Affected Public: Insured state nonmember banks involved in asset 
securitization activities.
    Estimated Number of Responses: 20.
    Estimated Time per Response: 7.45 hours.
    Total Annual Burden: 149 hours.
    General Description of Collection: This collection applies to 
institutions engaged in asset securitization and consists in 
recordkeeping requirements associated with developing or upgrading a 
written asset securitization policy, documenting fair value of retained 
interests, and a management information system to monitor 
securitization activities. Bank managements use this information as the 
basis for the safe and sound operation of their asset securitization 
activities and to ensure that they minimize operational risk in these 
activities. The FDIC uses the information to evaluate the quality of an 
institution's risk management practices, and to assist institutions 
without proper internal supervision of their asset securitization 
activities to implement corrective action to conduct these activities 
in a safe and sound manner.

    3. Title: Consumer Protections for Depository Institution Sales of 
Insurance.
    OMB Number: 3064-0140.
    Form Number: None.
    Frequency of Response: On occasion.
    Affected Public: Insured state nonmember banks that sell insurance 
products; persons who sell insurance products in or on behalf of 
insured state nonmember banks.
    Estimated Number of Respondents: 3,740.
    Estimated Time per Response: 5 hours.
    Total Annual Burden: 18,700 hours.
    General Description of Collection: Respondents must prepare and 
provide certain disclosures to consumers (e.g., that insurance products 
and annuities are not FDIC-insured) and obtain consumer 
acknowledgments, at two different times: (1) before the completion of 
the initial sale of an insurance product or annuity to a consumer; and 
(2) at the time of application for the extension of credit (if 
insurance products or annuities are sold, solicited, advertised, or 
offered in connection with an extension of credit).

Request for Comment

    Comments are invited on: (a) Whether these collections of 
information are

[[Page 30008]]

necessary for the proper performance of the FDIC's functions, including 
whether the information has practical utility; (b) the accuracy of the 
estimates 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; 
(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; and (e) estimates 
of capital or start up costs, and costs of operation, maintenance and 
purchase of services to provide the information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the 
collections should be modified prior to submission to OMB for review 
and approval. Comments submitted in response to this notice also will 
be summarized or included in the FDIC's requests to OMB for renewal of 
these collections. All comments will become a matter of public record.

    Dated at Washington, DC, this 23rd day of May, 2007.
    Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E7-10292 Filed 5-29-07; 8:45 am]
BILLING CODE 6714-01-P