Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 33224-33225 [E7-11549]
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33224
Federal Register / Vol. 72, No. 115 / Friday, June 15, 2007 / Notices
Dated: May 29, 2007.
Robert W. Varney,
Regional Administrator, New England Region.
[FR Doc. E7–11312 Filed 6–14–07; 8:45 am]
BILLING CODE 6560–50–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Sunshine Act; Notice of Agency
Meeting
Pursuant to the provisions of the
‘‘Government in the Sunshine Act’’ (5
U.S.C. 552b), notice is hereby given that
at 10:30 a.m. on Tuesday, June 19, 2007,
the Federal Deposit Insurance
Corporation’s Board of Directors will
meet in closed session, pursuant to
section 552b(c)(2), (c)(4), (c)(6), (c)(8),
(9)(A)(ii) and (9)(B), Title 5, United
States Code, to consider matters relating
to the Corporation’s supervisory and
corporate activities.
The meeting will be held in the Board
Room on the sixth floor of the FDIC
Building located at 550 17th Street,
NW., Washington, DC.
Requests for further information
concerning the meeting may be directed
to Mr. Robert E. Feldman, Executive
Secretary of the Corporation, at (202)
898–7122.
Dated: June 12, 2007.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E7–11664 Filed 6–14–07; 8:45 am]
Memorandum and resolution re:
Proposed Amendment of Part 344 to
Extend the Time Period to Report
Quarterly Personal Securities Trading.
Memorandum and resolution re: Final
Rule: Depository Institution
Management Officials Interlocks Act.
Discussion Agenda: Memorandum
and resolution re: FDIC Pilot Project for
Affordable Small-Dollar Loans.
The meeting will be held in the Board
Room on the sixth floor of the FDIC
Building located at 550 17th Street,
NW., Washington, DC.
The FDIC will provide attendees with
auxiliary aids (e.g., sign language
interpretation) required for this meeting.
Those attendees needing such assistance
should call (703) 562–6067 (Voice or
TTY), to make necessary arrangements.
Requests for further information
concerning the meeting may be directed
to Mr. Robert E. Feldman, Executive
Secretary of the Corporation, at (202)
898–7122.
Dated: June 12, 2007.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E7–11665 Filed 6–14–07; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
BILLING CODE 6714–01–P
Board of Governors of the
Federal Reserve System
SUMMARY: Background
Notice is hereby given of the final
approval of proposed information
collections 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
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.
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
AGENCY:
FEDERAL DEPOSIT INSURANCE
CORPORATION
jlentini on PROD1PC65 with NOTICES
Sunshine Act; Notice of Agency
Meeting
Pursuant to the provisions of the
‘‘Government in the Sunshine Act’’ (5
U.S.C. 552b), notice is hereby given that
the Federal Deposit Insurance
Corporation’s Board of Directors will
meet in open session at 10 a.m. on
Tuesday, June 19, 2007, to consider the
following matters:
Summary Agenda: No substantive
discussion of the following items is
anticipated. These matters will be
resolved with a single vote unless a
member of the Board of Directors
requests that an item be moved to the
discussion agenda.
Disposition of minutes of previous
Board of Directors’ meetings.
Summary reports, status reports, and
reports of actions taken pursuant to
authority delegated by the Board of
Directors.
VerDate Aug<31>2005
19:26 Jun 14, 2007
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Fmt 4703
Sfmt 4703
Officer––Michelle Shore––Division of
Research and Statistics, Board of
Governors of the Federal Reserve
System, Washington, DC 20551 (202–
452–3829).
OMB Desk Officer––Alexander T.
Hunt––Office of Information and
Regulatory Affairs, Office of
Management and Budget, New
Executive Office Building, Room 10235,
Washington, DC 20503.
Final approval under OMB delegated
authority of the extension for three
years, without revision, of the following
reports:
1. Report title: Stock Redemption
Notification
Agency form number: FR 4008
OMB control number: 7100–0131
Frequency: On occasion
Reporters: Banks holding companies
(BHCs)
Annual reporting hours: 233 hours
Estimated average hours per response:
15.5 hours
Number of respondents: 15
General description of report: This
information collection is mandatory (12
U.S.C. § 1844(c)) and is generally not
given confidential treatment.
Abstract: The Bank Holding Company
Act (BHC Act) and Regulation Y
generally require a BHC to seek prior
Federal Reserve approval before
purchasing or redeeming its equity
securities. Given that a BHC is exempt
from this requirement if it meets certain
financial, managerial, and supervisory
standards, only a small portion of
proposed stock redemptions actually
require the prior approval of the Federal
Reserve. There is no formal reporting
form. The Federal Reserve uses the
information provided in the redemption
notice to fulfill its statutory obligation to
supervise BHCs.
2. Report title: Notice Claiming Status
as an Exempt Transfer Agent
Agency form number: FR 4013
OMB control number: 7100–0137
Frequency: On occasion
Reporters: Banks, bank holding
companies (BHCs), and certain trust
companies
Annual reporting hours: 12
Estimated average hours per response:
2
Number of respondents: 6
General description of report: This
information collection is required (15
U.S.C. §78q–1(c)) and the Federal
Reserve is authorized to collect this data
(15 U.S.C. §78c(a)(34)(B)(ii)). The data
collected are not given confidential
treatment.
Abstract: Banks, BHCs, and trust
companies subject to the Federal
Reserve’s supervision that are low–
E:\FR\FM\15JNN1.SGM
15JNN1
jlentini on PROD1PC65 with NOTICES
Federal Register / Vol. 72, No. 115 / Friday, June 15, 2007 / Notices
volume transfer agents voluntarily file
the notice on occasion with the Federal
Reserve. Transfer agents are institutions
that provide securities transfer,
registration, monitoring, and other
specified services on behalf of securities
issuers. The purpose of the notice,
which is effective until the agent
withdraws it, is to claim exemption
from certain rules and regulations of the
Securities and Exchange Commission
(SEC). The Federal Reserve uses the
notices for supervisory purposes
because the SEC has assigned to the
Federal Reserve responsibility for
collecting the notices and verifying their
accuracy through examinations of the
respondents. There is no formal
reporting form, and each notice is filed
as a letter.
3. Report title: Investment in Bank
Premises Notification
Agency form number: FR 4014
OMB control number: 7100–0139
Frequency: On occasion
Reporters: State member banks
Annual reporting hours: 18
Estimated average hours per response:
30 minutes
Number of respondents: 36
General description of report: This
information collection is mandatory (12
U.S.C. 371d(a)) and is not given
confidential treatment.
Abstract: The Federal Reserve System
requires a state member bank to seek
prior Federal Reserve approval before
making an investment in bank premises
that exceeds certain thresholds. There is
no formal reporting form, and each
required request for prior approval must
be filed as a notification with the
appropriate Reserve Bank of the state
member bank. The Federal Reserve uses
the information provided in the notice
to fulfill its statutory obligation to
supervise state member banks.
4. Report title: Information Collections
Related to the Gramm–Leach–Bliley
(GLB) Act
Agency form number: FR 4010, FR
4011, FR 4012, FR 4017, FR 4019, and
FR 4023
OMB control number: 7100–0292
Frequency: On occasion
Reporters: BHCs, foreign banking
organizations (FBOs), and state member
banks
Annual reporting hours: 2,421 hours
Estimated average hours per response:
FR 4010: BHC 3 hours, FBOs 3.5 hours;
FR 4011: 10 hours; FR 4012: BHCs
decertified as financial holding
companies(FHCs) 1 hour, FHCs back
into compliance 10 hours; FR 4017: 4
hours; FR 4019: 1 hour; FR 4023: 50
hours
Number of respondents: FR 4010:
BHC 49, FBOs 8; FR 4011: 4; FR 4012:
VerDate Aug<31>2005
19:26 Jun 14, 2007
Jkt 211001
BHCs decertified as financial holding
companies (FHCs) 11, FHCs back into
compliance 28; FR 4017: 2; FR 4019:
Regulatory relief requests 5, Portfolio
company notification 2; FR 4023: 38
General description of report: The FR
4010 is required to obtain a benefit and
is authorized under Section 4(l)(1)(C) of
the BHC Act, 12 U.S.C. § 1843(l)(l)(C);
section 8(a) of the International Banking
Act, 12 U.S.C. § 3106(a); and sections
225.82 and 225.91 of Regulation Y, 12
C.F.R. 225.82 and 225.91.
The FR 4011 is voluntary and is
authorized under Sections 4(j) and 4(k)
of the BHC Act, 12 U.S.C. § 1843(j)
through (k); and sections 225.88, and
225.89, of Regulation Y, 12 C.F.R.
225.88, and 225.89.
The FR 4012 is mandatory and is
authorized under Section 4(l)(1) and
4(m) of the BHC Act, 12 U.S.C. §
1843(l)(1) and (m); section 8(a) of the
International Banking Act, 12 U.S.C. §
3106(a); and sections 225.83 and 225.93
of Regulation Y, 12 C.F.R. 225.83 and
225.93.
The FR 4017 is required to obtain a
benefit and is authorized under Section
9 of the Federal Reserve Act, 12 U.S.C.
§ 335; and section 208.76 of Regulation
H, 12 C.F.R. 208.76.
The FR 4019 is required to obtain a
benefit and is authorized under Section
4(k)(7) of the BHC Act, 12 U.S.C. §
1843(k)(7); and sections 225.171(e)(3),
225.172(b)(4), and 225.173(c)(2) of
Regulation Y, 12 C.F.R. 225.171(e)(3),
225.172(b)(4), and 225.173(c)(2).
The FR 4023 is mandatory and is
authorized under Section 4(k)(7) of the
BHC Act, 12 U.S.C. § 1843(k)(7); and
sections 225.171(e)(4) and 225.175 of
Regulation Y, 12 C.F.R. 225.171(e)(4)
and 225.175.
For the FR 4010, FR 4011, FR 4017,
and FR 4019, a company may request
confidential treatment of the
information contained in these
information collections pursuant to
section (b)(4) and (b)(6) of the Freedom
of Information Act (FOIA)(5 U.S.C. 552
(b)(4) and (b)(6)). Since the Federal
Reserve does not collect the FR 4023, no
issue of confidentiality under the FOIA
arises. FOIA will only be implicated if
the Board’s examiners retained a copy of
the records in their examination or
supervision of the institution, and
would likely be exempt from disclosure
pursuant to FOIA (5 U.S.C. ’552(b)(4),
(b)(6), and (b)(8)).
Abstract: Each BHC or FBO seeking
FHC status must file the FR 4010
declaration, which includes information
needed to verify eligibility for FHC
status. By filing the FR 4011, a requestor
may ask the Board to determine that an
activity is financial in nature, to issue
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Fmt 4703
Sfmt 4703
33225
an advisory opinion that an activity is
within the scope of an activity
previously determined to be financial in
nature, or to approve engagement in an
activity complementary to a financial
activity. Any FHC ceasing to meet
capital or managerial prerequisites for
FHC status must notify the Board by
filing the FR 4012 of the deficiency, and
often must submit plans to the Board to
cure the deficiency. Any state member
bank seeking to establish a financial
subsidiary must seek the Board’s prior
approval by submitting the FR 4017.
Any FHC seeking to extend the 10–year
holding period for a merchant banking
investment must submit the FR 4019 to
apply for the Board’s prior approval,
and a FHC also must notify the Board
if it routinely manages or operates a
portfolio company for more than nine
months. All FHCs engaging in merchant
banking activities must keep records of
those activities, and make them
available to examiners as specified in
the FR 4023 requirements.
There are no formal reporting forms
for these collections of information,
which are event generated, though in
each case the type of information
required to be filed is described in the
Board’s regulations. These collections of
information are required pursuant to
amendments made by the GLB Act to
the Bank Holding Company Act or the
Federal Reserve Act, or Board
regulations issued to carry out the GLB
Act.
Current Actions: On April 2, 2007, the
Federal Reserve published a notice in
the Federal Register (72 FR 15692)
requesting public comment for 60 days
on the extension, without revision, of
the: FR 4008, FR 4013, FR 4014 and
information collections related to the
GLB Act: FR 4010, FR 4011, FR 4017,
FR 4019, and FR 4023. The comment
period for this notice expired on June 1,
2007. No comments were received.
Board of Governors of the Federal Reserve
System, June 12, 2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7–11549 Filed 6–14–07; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR Part
225), and all other applicable statutes
and regulations to become a bank
E:\FR\FM\15JNN1.SGM
15JNN1
]]>Agencies
[Federal Register Volume 72, Number 115 (Friday, June 15, 2007)]
[Notices]
[Pages 33224-33225]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-11549]
=======================================================================
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
AGENCY: Board of Governors of the Federal Reserve System
SUMMARY: Background
Notice is hereby given of the final approval of proposed
information collections 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 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.
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Michelle Shore--Division of Research and Statistics, Board of
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829).
OMB Desk Officer--Alexander T. Hunt--Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 10235, Washington, DC 20503.
Final approval under OMB delegated authority of the extension for three
years, without revision, of the following reports:
1. Report title: Stock Redemption Notification
Agency form number: FR 4008
OMB control number: 7100-0131
Frequency: On occasion
Reporters: Banks holding companies (BHCs)
Annual reporting hours: 233 hours
Estimated average hours per response: 15.5 hours
Number of respondents: 15
General description of report: This information collection is
mandatory (12 U.S.C. Sec. 1844(c)) and is generally not given
confidential treatment.
Abstract: The Bank Holding Company Act (BHC Act) and Regulation Y
generally require a BHC to seek prior Federal Reserve approval before
purchasing or redeeming its equity securities. Given that a BHC is
exempt from this requirement if it meets certain financial, managerial,
and supervisory standards, only a small portion of proposed stock
redemptions actually require the prior approval of the Federal Reserve.
There is no formal reporting form. The Federal Reserve uses the
information provided in the redemption notice to fulfill its statutory
obligation to supervise BHCs.
2. Report title: Notice Claiming Status as an Exempt Transfer Agent
Agency form number: FR 4013
OMB control number: 7100-0137
Frequency: On occasion
Reporters: Banks, bank holding companies (BHCs), and certain trust
companies
Annual reporting hours: 12
Estimated average hours per response: 2
Number of respondents: 6
General description of report: This information collection is
required (15 U.S.C. Sec. 78q-1(c)) and the Federal Reserve is
authorized to collect this data (15 U.S.C. Sec. 78c(a)(34)(B)(ii)). The
data collected are not given confidential treatment.
Abstract: Banks, BHCs, and trust companies subject to the Federal
Reserve's supervision that are low-
[[Page 33225]]
volume transfer agents voluntarily file the notice on occasion with the
Federal Reserve. Transfer agents are institutions that provide
securities transfer, registration, monitoring, and other specified
services on behalf of securities issuers. The purpose of the notice,
which is effective until the agent withdraws it, is to claim exemption
from certain rules and regulations of the Securities and Exchange
Commission (SEC). The Federal Reserve uses the notices for supervisory
purposes because the SEC has assigned to the Federal Reserve
responsibility for collecting the notices and verifying their accuracy
through examinations of the respondents. There is no formal reporting
form, and each notice is filed as a letter.
3. Report title: Investment in Bank Premises Notification
Agency form number: FR 4014
OMB control number: 7100-0139
Frequency: On occasion
Reporters: State member banks
Annual reporting hours: 18
Estimated average hours per response: 30 minutes
Number of respondents: 36
General description of report: This information collection is
mandatory (12 U.S.C. 371d(a)) and is not given confidential treatment.
Abstract: The Federal Reserve System requires a state member bank
to seek prior Federal Reserve approval before making an investment in
bank premises that exceeds certain thresholds. There is no formal
reporting form, and each required request for prior approval must be
filed as a notification with the appropriate Reserve Bank of the state
member bank. The Federal Reserve uses the information provided in the
notice to fulfill its statutory obligation to supervise state member
banks.
4. Report title: Information Collections Related to the Gramm-
Leach-Bliley (GLB) Act
Agency form number: FR 4010, FR 4011, FR 4012, FR 4017, FR 4019,
and FR 4023
OMB control number: 7100-0292
Frequency: On occasion
Reporters: BHCs, foreign banking organizations (FBOs), and state
member banks
Annual reporting hours: 2,421 hours
Estimated average hours per response: FR 4010: BHC 3 hours, FBOs
3.5 hours; FR 4011: 10 hours; FR 4012: BHCs decertified as financial
holding companies(FHCs) 1 hour, FHCs back into compliance 10 hours; FR
4017: 4 hours; FR 4019: 1 hour; FR 4023: 50 hours
Number of respondents: FR 4010: BHC 49, FBOs 8; FR 4011: 4; FR
4012: BHCs decertified as financial holding companies (FHCs) 11, FHCs
back into compliance 28; FR 4017: 2; FR 4019: Regulatory relief
requests 5, Portfolio company notification 2; FR 4023: 38
General description of report: The FR 4010 is required to obtain a
benefit and is authorized under Section 4(l)(1)(C) of the BHC Act, 12
U.S.C. Sec. 1843(l)(l)(C); section 8(a) of the International Banking
Act, 12 U.S.C. Sec. 3106(a); and sections 225.82 and 225.91 of
Regulation Y, 12 C.F.R. 225.82 and 225.91.
The FR 4011 is voluntary and is authorized under Sections 4(j) and
4(k) of the BHC Act, 12 U.S.C. Sec. 1843(j) through (k); and sections
225.88, and 225.89, of Regulation Y, 12 C.F.R. 225.88, and 225.89.
The FR 4012 is mandatory and is authorized under Section 4(l)(1)
and 4(m) of the BHC Act, 12 U.S.C. Sec. 1843(l)(1) and (m); section
8(a) of the International Banking Act, 12 U.S.C. Sec. 3106(a); and
sections 225.83 and 225.93 of Regulation Y, 12 C.F.R. 225.83 and
225.93.
The FR 4017 is required to obtain a benefit and is authorized under
Section 9 of the Federal Reserve Act, 12 U.S.C. Sec. 335; and section
208.76 of Regulation H, 12 C.F.R. 208.76.
The FR 4019 is required to obtain a benefit and is authorized under
Section 4(k)(7) of the BHC Act, 12 U.S.C. Sec. 1843(k)(7); and
sections 225.171(e)(3), 225.172(b)(4), and 225.173(c)(2) of Regulation
Y, 12 C.F.R. 225.171(e)(3), 225.172(b)(4), and 225.173(c)(2).
The FR 4023 is mandatory and is authorized under Section 4(k)(7) of
the BHC Act, 12 U.S.C. Sec. 1843(k)(7); and sections 225.171(e)(4) and
225.175 of Regulation Y, 12 C.F.R. 225.171(e)(4) and 225.175.
For the FR 4010, FR 4011, FR 4017, and FR 4019, a company may
request confidential treatment of the information contained in these
information collections pursuant to section (b)(4) and (b)(6) of the
Freedom of Information Act (FOIA)(5 U.S.C. 552 (b)(4) and (b)(6)).
Since the Federal Reserve does not collect the FR 4023, no issue of
confidentiality under the FOIA arises. FOIA will only be implicated if
the Board's examiners retained a copy of the records in their
examination or supervision of the institution, and would likely be
exempt from disclosure pursuant to FOIA (5 U.S.C. '552(b)(4), (b)(6),
and (b)(8)).
Abstract: Each BHC or FBO seeking FHC status must file the FR 4010
declaration, which includes information needed to verify eligibility
for FHC status. By filing the FR 4011, a requestor may ask the Board to
determine that an activity is financial in nature, to issue an advisory
opinion that an activity is within the scope of an activity previously
determined to be financial in nature, or to approve engagement in an
activity complementary to a financial activity. Any FHC ceasing to meet
capital or managerial prerequisites for FHC status must notify the
Board by filing the FR 4012 of the deficiency, and often must submit
plans to the Board to cure the deficiency. Any state member bank
seeking to establish a financial subsidiary must seek the Board's prior
approval by submitting the FR 4017. Any FHC seeking to extend the 10-
year holding period for a merchant banking investment must submit the
FR 4019 to apply for the Board's prior approval, and a FHC also must
notify the Board if it routinely manages or operates a portfolio
company for more than nine months. All FHCs engaging in merchant
banking activities must keep records of those activities, and make them
available to examiners as specified in the FR 4023 requirements.
There are no formal reporting forms for these collections of
information, which are event generated, though in each case the type of
information required to be filed is described in the Board's
regulations. These collections of information are required pursuant to
amendments made by the GLB Act to the Bank Holding Company Act or the
Federal Reserve Act, or Board regulations issued to carry out the GLB
Act.
Current Actions: On April 2, 2007, the Federal Reserve published a
notice in the Federal Register (72 FR 15692) requesting public comment
for 60 days on the extension, without revision, of the: FR 4008, FR
4013, FR 4014 and information collections related to the GLB Act: FR
4010, FR 4011, FR 4017, FR 4019, and FR 4023. The comment period for
this notice expired on June 1, 2007. No comments were received.
Board of Governors of the Federal Reserve System, June 12, 2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7-11549 Filed 6-14-07; 8:45 am]
BILLING CODE 6210-01-S
