Proposed Agency Information Collection Activities; Comment Request, 39428-39429 [E7-13899]

Agencies

• FEDERAL RESERVE SYSTEM

[Federal Register Volume 72, Number 137 (Wednesday, July 18, 2007)]
[Notices]
[Pages 39428-39429]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-13899]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System
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 collection of information is 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 collection, 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 September 17, 2007.

ADDRESSES: You may submit comments, identified by FR 2070: 7100-0171; 
or FR 2081a,b,c: 7100-0134, 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, 
N.W., 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 9:00 
a.m. and 5:00 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

[[Page 39429]]

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.

Proposal to approve under OMB delegated authority the extension for 
three years, with revision, of the following report:

    Report title: Interagency Bank Merger Act Application
    Agency form number: FR 2070
    OMB control number: 7100-0171
    Frequency: On occasion
    Reporters: State member banks
    Annual reporting hours: Nonaffiliate Transactions: 1,560; Affiliate 
Transactions: 234
    Estimated average hours per response: Nonaffiliate Transactions: 
30; Affiliate Transactions: 18
    Number of respondents: Nonaffiliate Transactions: 52; Affiliate 
Transactions: 13
    General description of report: This information collection is 
mandatory (12 U.S.C. 1828(c)) and is not given confidential treatment. 
However, applicants may request that parts of a submitted application 
be kept confidential. In such cases, the burden is on the applicant to 
justify the exemption by demonstrating that disclosure would cause 
substantial competitive harm or result in an unwarranted invasion of 
personal privacy or would otherwise qualify for an exemption under the 
Freedom of Information Act (5 U.S.C. 552). The confidentiality status 
of the information submitted will be judged on a case-by-case basis.
    Abstract: The Federal Reserve, the Office of the Comptroller of the 
Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and 
the Office of Thrift Supervision (OTS) (the agencies) each use this 
application form to collect information for bank merger proposals that 
require prior approval under the Bank Merger Act. Prior approval is 
required for every merger transaction involving affiliated or 
nonaffiliated institutions and must be sought from the regulatory 
agency of the depository institution that would survive the proposed 
transaction. A merger transaction may include a merger, consolidation, 
assumption of deposit liabilities, or certain asset-transfers between 
or among two or more institutions. The Federal Reserve collects this 
information so that it may meet its statutory obligation to evaluate 
the competitive, financial, managerial, future prospects, and 
convenience and needs aspects of each state member bank merger 
proposal.
    Current Actions: The Federal Reserve proposes to update the General 
Information and Instructions to reflect passage of the Federal Deposit 
Insurance Reform Act of 2005, which was enacted on February 8, 2006. 
Provisions of this legislation directed the merger of the Bank 
Insurance Fund and the Savings Association Insurance Fund into a new 
Deposit Insurance Fund. The formation of the single insurance fund 
eliminated the need for two types of insurance-related applications 
that had been required for certain bank merger transactions. The 
proposed revisions relate entirely to the eliminated filing 
requirements. The OCC, FDIC, and the OTS will publish a separate 
Federal Register notice requesting public comment on these revisions.

Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following report:

    Report title: Interagency Notice of Change in Control, Interagency 
Notice of Change in Director or Senior Executive Officer, and 
Interagency Biographical and Financial Report.
    Agency form number: FR 2081a, FR 2081b, and FR 2081c
    OMB control number: 7100-0134
    Frequency: On occasion
    Reporters: Financial institutions and certain of their officers and 
shareholders
    Annual reporting hours: FR 2081a: 3,150; FR 2081b: 142; FR 2081c: 
2,464
    Estimated average hours per response: FR 2081a: 30; FR 2081b: 2; FR 
2081c: 4
    Number of respondents: FR 2081a: 105; FR 2081b: 71; FR 2081c: 616
    General description of report: This information collection is 
mandatory (12 U.S.C. 1817(j) and 12 U.S.C. 1831(i)) and is not given 
confidential treatment. However, applicants may request that parts of a 
submitted application be kept confidential. In such cases, the burden 
is on the applicant to justify the exemption by demonstrating that 
disclosure would cause substantial competitive harm or result in an 
unwarranted invasion of personal privacy or would otherwise qualify for 
an exemption under the Freedom of Information Act (5 U.S.C. 552). The 
confidentiality status of the information submitted will be judged on a 
case-by-case basis.
    Abstract: The information collected assists the Federal Reserve, 
the Office of the Comptroller of the Currency (OCC), the Federal 
Deposit Insurance Corporation (FDIC) and the Office of Thrift 
Supervision (OTS) (the agencies) in fulfilling their statutory 
responsibilities as supervisors. Each of these forms is used to collect 
information in connection with applications and notices filed prior to 
proposed changes in the ownership or management of banking 
organizations. The agencies use the information to evaluate the 
controlling owners, senior officers, and directors of the insured 
depository institutions subject to their oversight. The OCC, FDIC, and 
OTS will publish a separate Federal Register notice requesting public 
comment on the extension.

    Board of Governors of the Federal Reserve System, July 13, 2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-13899 Filed 7-17-07; 8:45 am]
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