Notice of Agreement Filed, 31581 [E7-11059]

Download as PDF Federal Register / Vol. 72, No. 109 / Thursday, June 7, 2007 / Notices and data collection aspects of the pilot program. For this purpose, the FDIC anticipates that the following (or similar) information will be collected from participating institutions on a quarterly basis for two years: 1. Information about the loans in the Program a. The total number and total dollar amount of loans. b. Average loan term and average dollar size of loans. c. Average interest rates charged, average fees levied, and average calculations of APR (as required by the Truth-in-Lending Act). d. Aggregate delinquency, charge off, and workout refinancing data. 2. Information about the business value of the Program a. Profitability and/or break even data for the overall Program. b. Profitability of the overall customer relationship (especially if the customer migrated into other products) c. Information regarding whether customers of the Program migrated to other bank products. 3. Information about the benefit to consumers a. The total number and total dollar amount of linked savings accounts opened as part of the Program. b. Information as to duration and withdrawal rates of the linked savings accounts. c. Information regarding whether customers of the Program continued to use payday loans or other high-cost debt products. The preferred method for collecting these data is electronic submission through the existing FDICconnect data interface system to minimize burden on respondents, with participating institutions submitting the data within 40 calendar days of the end of each quarter. The study will conform to privacy rules and will not request any information that could be used to identify individual bank customers, such as name, address, or account number. All data from participating insured institutions will remain confidential. It is the intent of the FDIC to publish only general findings of the study. rwilkins on PROD1PC63 with NOTICES Benefits to Institutions Participating in the Pilot As indicated above, the study is being conducted on a volunteer basis. It is anticipated, however, that institutions participating in the study will realize some benefits. A state non-member bank that establishes a loan program that provides small, unsecured consumer loans that are consistent with the Affordable Small-Dollar Loan VerDate Aug<31>2005 20:59 Jun 06, 2007 Jkt 211001 Guidelines would warrant favorable consideration by the FDIC under the CRA as an activity responsive to the credit needs of its community. It is anticipated that other institutions will also likely be entitled to similar favorable consideration after review by their primary federal regulator. Moreover, programs that transition low or moderate income borrowers from higher cost loans to lower cost loans are particularly responsive to community needs. Consequently, state non-member banks offering lower cost alternatives to such borrowers will also be viewed by the FDIC as particularly responsive in the CRA examination and similarly, other institutions upon review by their primary federal regulator. Where small-dollar loan products are combined with a low-cost savings account, institutions may also qualify for favorable consideration for providing community development services. Institutions can potentially use the small-dollar loan pilot to tap into new markets by expanding relationships with individuals who currently may not be fully utilizing the mainstream financial system. An intangible benefit that may accrue to institutions participating in the small-dollar pilot is the community goodwill that will likely be created as a result of offering consumers credit products with significant savings over payday loan fees. Request for Comment Comments are invited on: (a) Whether the collection of information is 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 collection; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the information collection 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. Dated at Washington, DC, this 1st day of June, 2007. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. E7–11005 Filed 6–6–07; 8:45 am] BILLING CODE 6714–01–P PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 31581 FEDERAL MARITIME COMMISSION Notice of Agreement Filed The Commission hereby gives notice of the filing of the following agreement under the Shipping Act of 1984. Interested parties may submit comments on agreements to the Secretary, Federal Maritime Commission, Washington, DC 20573, within ten days of the date this notice appears in the Federal Register. Copies of agreements are available through the Commission’s Office of Agreements (202–523–5793 or tradeanalysis@fmc.gov). Agreement No.: 011223–040. Title: Transpacific Stabilization Agreement. Parties: APL Co. PTE Ltd.; American President Lines, Ltd.; CMA–CGM S.A.; COSCO Container Lines Co., Ltd.; Evergreen Line Joint Service Agreement; Hanjin Shipping Co., Ltd.; Hapag-Lloyd AG; Hyundai Merchant Marine Co., Ltd.; Kawasaki Kisen Kaisha, Ltd.; Mediterranean Shipping Company S.A.; Mitsui O.S.K. Lines, Ltd.; Nippon Yusen Kaisha; Orient Overseas Container Line Limited; and Yangming Marine Transport Corp. Filing Party: David F. Smith, Esq.; Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Synopsis: The amendment would expand the geographic scope of the agreement to include the Indian Subcontinent. Dated: June 4, 2007. By order of the Federal Maritime Commission. Bryant L. VanBrakle, Secretary. [FR Doc. E7–11059 Filed 6–6–07; 8:45 am] BILLING CODE 6730–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the office of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank E:\FR\FM\07JNN1.SGM 07JNN1

Agencies

[Federal Register Volume 72, Number 109 (Thursday, June 7, 2007)]
[Notices]
[Page 31581]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-11059]


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FEDERAL MARITIME COMMISSION


Notice of Agreement Filed

    The Commission hereby gives notice of the filing of the following 
agreement under the Shipping Act of 1984. Interested parties may submit 
comments on agreements to the Secretary, Federal Maritime Commission, 
Washington, DC 20573, within ten days of the date this notice appears 
in the Federal Register. Copies of agreements are available through the 
Commission's Office of Agreements (202-523-5793 or 
tradeanalysis@fmc.gov).
    Agreement No.: 011223-040.
    Title: Transpacific Stabilization Agreement.
    Parties: APL Co. PTE Ltd.; American President Lines, Ltd.; CMA-CGM 
S.A.; COSCO Container Lines Co., Ltd.; Evergreen Line Joint Service 
Agreement; Hanjin Shipping Co., Ltd.; Hapag-Lloyd AG; Hyundai Merchant 
Marine Co., Ltd.; Kawasaki Kisen Kaisha, Ltd.; Mediterranean Shipping 
Company S.A.; Mitsui O.S.K. Lines, Ltd.; Nippon Yusen Kaisha; Orient 
Overseas Container Line Limited; and Yangming Marine Transport Corp.
    Filing Party: David F. Smith, Esq.; Sher & Blackwell LLP; 1850 M 
Street, NW.; Suite 900; Washington, DC 20036.
    Synopsis: The amendment would expand the geographic scope of the 
agreement to include the Indian Subcontinent.

    Dated: June 4, 2007.

    By order of the Federal Maritime Commission.
Bryant L. VanBrakle,
Secretary.
 [FR Doc. E7-11059 Filed 6-6-07; 8:45 am]
BILLING CODE 6730-01-P