Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 39429-39430 [E7-13900]

Download as PDF Federal Register / Vol. 72, No. 137 / Wednesday, July 18, 2007 / Notices pwalker on PROD1PC71 with NOTICES 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 VerDate Aug<31>2005 16:02 Jul 17, 2007 Jkt 211001 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 PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 39429 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] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB 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 instrument(s) 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 SUMMARY: E:\FR\FM\18JYN1.SGM 18JYN1 39430 Federal Register / Vol. 72, No. 137 / Wednesday, July 18, 2007 / Notices 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: Report of Selected Balance Sheet Items for Discount Window Borrowers Agency form number: FR 2046 OMB Control number: 7100–0289 Frequency: On occasion Reporters: Depository institutions Annual reporting hours: 894 hours Estimated average hours per response: Primary and Secondary Credit, 0.75 hour; Seasonal Credit, 0.25 hour Number of respondents: 171 General description of report: This information collection is required to obtain or retain a benefit pursuant to section 10B of the Federal Reserve Act [12 U.S.C. § 347b] and is given confidential treatment [5 U.S.C. § 552(b)(4)]. Abstract: The Federal Reserve(s Regulation A, Extensions of Credit by Federal Reserve Banks, requires that the Federal Reserve review balance sheet data in determining whether to extend credit and to help ascertain whether undue use is made of such credit. Borrowers report certain balance sheet data for a period that encompasses the dates of borrowing. There are no proposed changes to the FR 2046; however, the Federal Reserve is clarifying the instructions. Current Actions: On May 8, 2007, the Federal Reserve published a notice in the Federal Register (72 FR 26116) requesting public comment for 60 days on the extension, without revision, of the FR 2046. The comment period for this notice expired on July 9, 2007. The Federal Reserve did not receive any comments. pwalker on PROD1PC71 with NOTICES 2. Report title: Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted Agency form number: FR 4006 OMB Control number: 7100–0129 Frequency: Annual Reporters: Bank holding companies Annual reporting hours: 180 hours Estimated average hours per response: 5 hours Number of respondents: 36 General description of report: This information collection is required to VerDate Aug<31>2005 16:02 Jul 17, 2007 Jkt 211001 obtain a benefit pursuant to section 4(c)(2) of the Bank Holding Company Act [12 U.S.C. § 1843(c)(2)] and may be given confidential treatment upon request. The Federal Reserve has established a procedure for requesting an extension in its Regulation Y [12 C.F.R. § 225.22(d)(1)(ii)]. Abstract: A bank holding company that acquired voting securities or assets through foreclosure in the ordinary course of collecting a debt previously contracted may not retain ownership of those shares or assets for more than two years without prior Federal Reserve approval. There is no formal reporting form, and each request for extension must be filed at the appropriate Reserve Bank of the bank holding company. The Federal Reserve uses the information provided in the request to fulfill its statutory obligation to supervise bank holding companies. Current Actions: On May 8, 2007, the Federal Reserve published a notice in the Federal Register (72 FR 26116) requesting public comment for 60 days on the extension, without revision, of the FR 4006. The comment period for this notice expired on July 9, 2007. The Federal Reserve did not receive any comments. Board of Governors of the Federal Reserve System, July 13, 2007. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E7–13900 Filed 7–17–07; 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 holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained from the National Information Center Web site at www.ffiec.gov/nic/. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than August 13, 2007. A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) 411 Locust Street, St. Louis, Missouri 63166-2034: 1. Cross County Bancshares, Inc., Wynne, Arkansas; to retain control of shares of Pinnacle Bancshares, Inc., and thereby indirectly retain control of shares of Pinnacle Bank, both of Bentonville, Arkansas. Board of Governors of the Federal Reserve System, July 13, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–13883 Filed 7–17–07; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y (12 CFR Part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the E:\FR\FM\18JYN1.SGM 18JYN1

Agencies

[Federal Register Volume 72, Number 137 (Wednesday, July 18, 2007)]
[Notices]
[Pages 39429-39430]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-13900]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

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 
instrument(s) 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

[[Page 39430]]

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: Report of Selected Balance Sheet Items for 
Discount Window Borrowers
    Agency form number: FR 2046
    OMB Control number: 7100-0289
    Frequency: On occasion
    Reporters: Depository institutions
    Annual reporting hours: 894 hours
    Estimated average hours per response: Primary and Secondary Credit, 
0.75 hour; Seasonal Credit, 0.25 hour
    Number of respondents: 171
    General description of report: This information collection is 
required to obtain or retain a benefit pursuant to section 10B of the 
Federal Reserve Act [12 U.S.C. Sec.  347b] and is given confidential 
treatment [5 U.S.C. Sec.  552(b)(4)].
    Abstract: The Federal Reserve(s Regulation A, Extensions of Credit 
by Federal Reserve Banks, requires that the Federal Reserve review 
balance sheet data in determining whether to extend credit and to help 
ascertain whether undue use is made of such credit. Borrowers report 
certain balance sheet data for a period that encompasses the dates of 
borrowing. There are no proposed changes to the FR 2046; however, the 
Federal Reserve is clarifying the instructions.
    Current Actions: On May 8, 2007, the Federal Reserve published a 
notice in the Federal Register (72 FR 26116) requesting public comment 
for 60 days on the extension, without revision, of the FR 2046. The 
comment period for this notice expired on July 9, 2007. The Federal 
Reserve did not receive any comments.

2. Report title: Request for Extension of Time to Dispose of Assets 
Acquired in Satisfaction of Debts Previously Contracted

    Agency form number: FR 4006
    OMB Control number: 7100-0129
    Frequency: Annual
    Reporters: Bank holding companies
    Annual reporting hours: 180 hours
    Estimated average hours per response: 5 hours
    Number of respondents: 36
    General description of report: This information collection is 
required to obtain a benefit pursuant to section 4(c)(2) of the Bank 
Holding Company Act [12 U.S.C. Sec.  1843(c)(2)] and may be given 
confidential treatment upon request. The Federal Reserve has 
established a procedure for requesting an extension in its Regulation Y 
[12 C.F.R. Sec.  225.22(d)(1)(ii)].
    Abstract: A bank holding company that acquired voting securities or 
assets through foreclosure in the ordinary course of collecting a debt 
previously contracted may not retain ownership of those shares or 
assets for more than two years without prior Federal Reserve approval. 
There is no formal reporting form, and each request for extension must 
be filed at the appropriate Reserve Bank of the bank holding company. 
The Federal Reserve uses the information provided in the request to 
fulfill its statutory obligation to supervise bank holding companies.
    Current Actions: On May 8, 2007, the Federal Reserve published a 
notice in the Federal Register (72 FR 26116) requesting public comment 
for 60 days on the extension, without revision, of the FR 4006. The 
comment period for this notice expired on July 9, 2007. The Federal 
Reserve did not receive any comments.

    Board of Governors of the Federal Reserve System, July 13, 2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-13900 Filed 7-17-07; 8:45 am]
BILLING CODE 6210-01-S