Proposed Agency Information Collection Activities; Comment Request, 44136-44138 [E7-15298]

Download as PDF 44136 Federal Register / Vol. 72, No. 151 / Tuesday, August 7, 2007 / Notices 2.6 Metadata. References Appendix A: Workgroup Recommendations to the FGDC. Appendix B: Attributes for Wetland Classification. Appendix C: Implementation Recommendations in Support of Section 2.0. Appendix D: Known Issues with Existing Wetlands Mapping Data. Appendix E: Polygon Lineage and Unique Identifiers. Appendix F: Questions and Answers. Appendix G: Definitions (Informative). Appendix H: Workgroup Members, Vetting Participants, and Workgroup. Activities Table 1. Spatial Resolution Requirements of Source Imagery. Table 2. Classification Levels Required Based on Habitat Type. Table 3. TMU and Producer Accuracy Requirements. Table 4. Horizontal Accuracy (RMSE) Requirements. Dated: August 1, 2007. David Evans, Director, Wetlands Division. [FR Doc. E7–15351 Filed 8–6–07; 8:45 am] Open Session FEDERAL COMMUNICATIONS COMMISSION A. Approval of Minutes • July 12, 2007 (Open and Closed). Petition for Reconsideration of Action in Rulemaking Proceeding B. New Business • FCA Bookletter BL–040 Revised— Providing Sound and Constructive Credit to Young, Beginning, and Small Farmers and Ranchers. • Proposed Rule—12 CFR part 652— Farmer Mac Risk-Based Capital Stress Test Version 3.0. C. Reports • OMS Quarterly Report. Dated: August 3, 2007. Roland E. Smith, Secretary, Farm Credit Administration Board. [FR Doc. 07–3863 Filed 8–3–07; 1:27 pm] BILLING CODE 6705–01–P FEDERAL COMMUNICATIONS COMMISSION [Report No. 2822] Petition for Reconsideration of Action in Rulemaking Proceeding BILLING CODE 6560–50–P July 25, 2007. FARM CREDIT ADMINISTRATION Sunshine Act; Farm Credit Administration Board; Regular Meeting Farm Credit Administration. Notice is hereby given, pursuant to the Government in the Sunshine Act (5 U.S.C. 552b(e)(3)), of the regular meeting of the Farm Credit Administration Board (Board). DATE AND TIME: The regular meeting of the Board will be held at the offices of the Farm Credit Administration in McLean, Virginia, on August 9, 2007, from 9 a.m. until such time as the Board concludes its business. FOR FURTHER INFORMATION CONTACT: Roland E. Smith, Secretary to the Farm Credit Administration Board, (703) 883– 4009, TTY (703) 883–4056. ADDRESSES: Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 22102–5090. SUPPLEMENTARY INFORMATION: This meeting of the Board will be open to the public (limited space available). In order to increase the accessibility to Board meetings, persons requiring assistance should make arrangements in advance. The matters to be considered at the meeting are: AGENCY: jlentini on PROD1PC65 with NOTICES SUMMARY: VerDate Aug<31>2005 15:56 Aug 06, 2007 Jkt 211001 A Petition for Reconsideration has been filed in the Commission’s Rulemaking proceeding listed in this Public Notice and published pursuant to 47 CFR Section 1.429(e). The full text of this document is available for viewing and copying in Room CY–B402, 445 12th Street, SW., Washington, DC or may be purchased from the Commission’s copy contractor, Best Copy and Printing, Inc. (BCPI) (1–800– 378–3160). Oppositions to this petition must be filed by August 22, 2007. See Section 1.4(b)(1) of the Commission’s rules (47 CFR 1.4(b)(1)). Replies to an opposition must be filed within 10 days after the time for filing oppositions have expired. Subject: In the Matter of Maritel, Inc., and Mobex Network Services, LLC (WT Docket No. 04–257) Number of Petitions Filed: 2. Marlene H. Dortch, Secretary. [FR Doc. E7–15320 Filed 8–6–07; 8:45 am] BILLING CODE 6712–01–P PO 00000 Frm 00061 Fmt 4703 [Report No. 2821] Sfmt 4703 July 20, 2007. A Petition for Reconsideration has been filed in the Commission’s Rulemaking proceeding listed in this Public Notice and published pursuant to 47 CFR 1.429(e). The full text of this document is available for viewing and copying in Room CY–B402, 445 12th Street, SW., Washington, DC or may be purchased from the Commission’s copy contractor, Best Copy and Printing, Inc. (BCPI) (1–800–378–3160). Oppositions to this petition must be filed by August 22, 2007. See Section 1.4(b)(1) of the Commission’s rules (47 CFR 1.4(b)(1)). Replies to an opposition must be filed within 10 days after the time for filing oppositions have expired. Subject: In the Matter of Implementation of the Telecommunications Act of 1996: Telecommunications Carriers’ Use of Customer Proprietary Network Information and other Customer Information (CC Docket No. 96–115). IP-Enabled Services (WC Docket No. 04–36). Number of Petitions Filed: 3. Marlene H. Dortch, Secretary. [FR Doc. E7–15344 Filed 8–6–07; 8:45 am] BILLING CODE 6712–01–P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request 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 AGENCY: E:\FR\FM\07AUN1.SGM 07AUN1 Federal Register / Vol. 72, No. 151 / Tuesday, August 7, 2007 / Notices 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. jlentini on PROD1PC65 with NOTICES 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 October 9, 2007. ADDRESSES: You may submit comments, identified by FR 1373a,b: 7100–0301; or Regulation CC: 7100–0235, 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. VerDate Aug<31>2005 15:56 Aug 06, 2007 Jkt 211001 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, NW.) between 9 a.m. and 5 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 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, without revision, of the following reports: 1. Report title: Studies of Board Publications Agency form number: FR 1373a,b OMB control number: 7100–0301 Frequency: FR 1373a, one or two times per year; FR 1373b, small–panel survey: five times per year; large–panel survey, three times per year Reporters: FR 1373a: community– based educators, key stakeholders, and other educators who have previously requested consumer education materials from the Federal Reserve; FR 1373b: current subscribers of the publications being surveyed. Annual reporting hours: FR 1373a: survey, 300 hours; panel discussion, 68 hours. FR 1373b: small–panel, 80 hours; large–panel 300 hours. Estimated average hours per response: FR 1373a: survey, 30 minutes; panel discussion, 90 minutes. FR 1373b: PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 44137 small–panel, 15 minutes; large–panel 15 minutes. Number of respondents: FR 1373a: survey, 400; panel discussion, 45. FR 1373b: small–panel, 64; large–panel, 400. General description of report: This information collection is voluntary. The FR 1373a study is authorized pursuant to the Federal Trade Commission Improvement Act (15 U.S.C. § 57a(f)); the FR 1373b study is authorized pursuant to the Federal Reserve Act (12 U.S.C. § 248(i)). The specific information collected is not considered confidential. Abstract: The Federal Reserve uses the FR 1373a to: 1) conduct periodic reviews and evaluations of the consumer education materials and 2) develop and evaluate consumer education materials under consideration for distribution. The FR 1373b data help the Federal Reserve determine if it should continue to issue certain publications and, if so, whether the public would like to see changes in the method of information delivery, frequency, content, format, or appearance. 2. Report title: Disclosure Requirements in Connection with Regulation CC (Expedited Funds Availability Act (EFAA)) Agency form number: Reg CC OMB control number: 7100–0235 Frequency: Event–generated Reporters: State member banks and uninsured state branches and agencies of foreign banks Annual reporting hours: 210,882 hours Estimated average hours per response: Banks: Specific availability policy disclosure and initial disclosures, 1 minute; notice in specific policy disclosure, 3 minutes; notice of exceptions, 3 minutes; locations where employees accept consumer deposits, 15 minutes; annual notice of new automated teller machines (ATMs), 5 hours; ATM changes in policy, 20 hours; notice of nonpayment, 1 minute; expedited recredit for consumers, 15 minutes; expedited recredit for banks, 15 minutes; consumer awareness, 1 minute. Consumers: expedited recredit claim notice, 15 minutes. Number of respondents: 1,105 General description of report: This information collection is mandatory. Reg CC is authorized pursuant the EFAA, as amended, and the Check 21 Act (12 U.S.C. § 4008 and 12 U.S.C. 5014, respectively). Because the Federal Reserve does not collect any information, no issue of confidentiality arises. However, if, during a compliance examination of a financial institution, a E:\FR\FM\07AUN1.SGM 07AUN1 44138 Federal Register / Vol. 72, No. 151 / Tuesday, August 7, 2007 / Notices violation or possible violation of the EFAA or the Check 21 Act is noted then information regarding such violation may be kept confidential pursuant to Section (b)(8) of the Freedom of Information Act. 5U.S.C. § 552(b)(8). Abstract: Regulation CC requires banks to make funds deposited in transaction accounts available within specified time periods, disclose their availability policies to customers, and begin accruing interest on such deposits promptly. The disclosures are intended to alert customers that their ability to use deposited funds may be delayed, prevent unintentional (and potentially costly) overdrafts, and allow customers to compare the policies of different banks before deciding at which bank to deposit funds. The regulation also requires notice to the depositary bank and to a customer of nonpayment of a check. Model disclosure forms, clauses, and notices are appended to the regulation to ease compliance. Board of Governors of the Federal Reserve System, August 2, 2007. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E7–15298 Filed 8–6–07; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM jlentini on PROD1PC65 with NOTICES 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 indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than August 22, 2007. A. Federal Reserve Bank of St. Louis (Glenda Wilson, Community Affairs Officer) 411 Locust Street, St. Louis, Missouri 63166-2034: 1. Bennie F. Ryburn, Jr., and Bennie F. Ryburn III, as trustees of the Bennie F. Ryburn Family Trust, all of Monticello, Arkansas; as a group acting in concert to retain control of Bradley Bancshares, Inc., and thereby indirectly VerDate Aug<31>2005 15:56 Aug 06, 2007 Jkt 211001 retain voting shares of First State Bank of Warren, both of Warren, Arkansas. Board of Governors of the Federal Reserve System, August 2, 2007. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E7–15296 Filed 8–6–07; 8:45 am] BILLING CODE 6210–01–P 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 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 website 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 31, 2007. A. Federal Reserve Bank of Atlanta (David Tatum, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309: 1. The Colonial BancGroup, Inc., Montgomery, Alabama; to merge with Citrus & Chemical Bancorporation, Inc., and thereby acquire its subsidiary, Citrus & Chemical Bank, both of Bartow, Florida. Frm 00063 Fmt 4703 BILLING CODE 6210–01–P FEDERAL TRADE COMMISSION FEDERAL RESERVE SYSTEM PO 00000 Board of Governors of the Federal Reserve System, August 2, 2007. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E7–15297 Filed 8–6–07; 8:45 am] Sfmt 4703 Agency Information Collection Activities; Submission for OMB Review; Comment Request Federal Trade Commission. Notice. AGENCY: ACTION: SUMMARY: The information collection requirements described below will be submitted to the Office of Management and Budget (‘‘OMB’’) for review, as required by the Paperwork Reduction Act (‘‘PRA’’). The Federal Trade Commission (‘‘FTC or Commission’’) is seeking public comments on its proposal to extend through September 30, 2010, the current PRA clearance for information collection requirements contained in its regulations under the Comprehensive Smokeless Tobacco Health Education Act of 1986 (‘‘Smokeless Tobacco Act’’ or the ‘‘Act’’). That clearance expires on September 30, 2007. DATES: Comments must be submitted on or before September 6, 2007 date of publication]. Interested parties are invited to submit written comments. Comments should refer to ‘‘Smokeless Tobacco Regulations: FTC File No. R011009’’ to facilitate the organization of comments. A comment filed in paper form should include this reference both in the text and on the envelope, and should be mailed or delivered, with two complete copies, to the following address: Federal Trade Commission, Office of the Secretary, Room H-135 (Annex J), 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580. Because paper mail in the Washington area and at the Commission is subject to delay, please consider submitting your comments in electronic form, as described below. However, if the comment contains any material for which confidential treatment is requested, it must be filed in paper form, and the first page of the document must be clearing labeled ‘‘Confidential.’’1 ADDRESSES: 1 Commission Rule 4.2(d), 16 CFR 4.2(d). The comment must be accompanied by an explicit request for confidential treatment, including the factual and legal basis for the request, and must identify the specific portions of the comment to be withheld from the public record. The request will E:\FR\FM\07AUN1.SGM 07AUN1

Agencies

[Federal Register Volume 72, Number 151 (Tuesday, August 7, 2007)]
[Notices]
[Pages 44136-44138]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-15298]


=======================================================================
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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

[[Page 44137]]

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 October 9, 2007.

ADDRESSES: You may submit comments, identified by FR 1373a,b: 7100-
0301; or Regulation CC: 7100-0235, 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, NW.) between 9 a.m. 
and 5 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 
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, without revision, of the following reports:

    1. Report title: Studies of Board Publications
    Agency form number: FR 1373a,b
    OMB control number: 7100-0301
    Frequency: FR 1373a, one or two times per year; FR 1373b, small-
panel survey: five times per year; large-panel survey, three times per 
year
    Reporters: FR 1373a: community-based educators, key stakeholders, 
and other educators who have previously requested consumer education 
materials from the Federal Reserve; FR 1373b: current subscribers of 
the publications being surveyed.
    Annual reporting hours: FR 1373a: survey, 300 hours; panel 
discussion, 68 hours. FR 1373b: small-panel, 80 hours; large-panel 300 
hours.
    Estimated average hours per response: FR 1373a: survey, 30 minutes; 
panel discussion, 90 minutes. FR 1373b: small-panel, 15 minutes; large-
panel 15 minutes.
    Number of respondents: FR 1373a: survey, 400; panel discussion, 45. 
FR 1373b: small-panel, 64; large-panel, 400.
    General description of report: This information collection is 
voluntary. The FR 1373a study is authorized pursuant to the Federal 
Trade Commission Improvement Act (15 U.S.C. Sec.  57a(f)); the FR 1373b 
study is authorized pursuant to the Federal Reserve Act (12 U.S.C. 
Sec.  248(i)). The specific information collected is not considered 
confidential.
    Abstract: The Federal Reserve uses the FR 1373a to: 1) conduct 
periodic reviews and evaluations of the consumer education materials 
and 2) develop and evaluate consumer education materials under 
consideration for distribution. The FR 1373b data help the Federal 
Reserve determine if it should continue to issue certain publications 
and, if so, whether the public would like to see changes in the method 
of information delivery, frequency, content, format, or appearance.
    2. Report title: Disclosure Requirements in Connection with 
Regulation CC (Expedited Funds Availability Act (EFAA))
    Agency form number: Reg CC
    OMB control number: 7100-0235
    Frequency: Event-generated
    Reporters: State member banks and uninsured state branches and 
agencies of foreign banks
    Annual reporting hours: 210,882 hours
    Estimated average hours per response: Banks: Specific availability 
policy disclosure and initial disclosures, 1 minute; notice in specific 
policy disclosure, 3 minutes; notice of exceptions, 3 minutes; 
locations where employees accept consumer deposits, 15 minutes; annual 
notice of new automated teller machines (ATMs), 5 hours; ATM changes in 
policy, 20 hours; notice of nonpayment, 1 minute; expedited recredit 
for consumers, 15 minutes; expedited recredit for banks, 15 minutes; 
consumer awareness, 1 minute. Consumers: expedited recredit claim 
notice, 15 minutes.
    Number of respondents: 1,105
    General description of report: This information collection is 
mandatory. Reg CC is authorized pursuant the EFAA, as amended, and the 
Check 21 Act (12 U.S.C. Sec.  4008 and 12 U.S.C. 5014, respectively). 
Because the Federal Reserve does not collect any information, no issue 
of confidentiality arises. However, if, during a compliance examination 
of a financial institution, a

[[Page 44138]]

violation or possible violation of the EFAA or the Check 21 Act is 
noted then information regarding such violation may be kept 
confidential pursuant to Section (b)(8) of the Freedom of Information 
Act. 5U.S.C. Sec.  552(b)(8).
    Abstract: Regulation CC requires banks to make funds deposited in 
transaction accounts available within specified time periods, disclose 
their availability policies to customers, and begin accruing interest 
on such deposits promptly. The disclosures are intended to alert 
customers that their ability to use deposited funds may be delayed, 
prevent unintentional (and potentially costly) overdrafts, and allow 
customers to compare the policies of different banks before deciding at 
which bank to deposit funds. The regulation also requires notice to the 
depositary bank and to a customer of nonpayment of a check. Model 
disclosure forms, clauses, and notices are appended to the regulation 
to ease compliance.

    Board of Governors of the Federal Reserve System, August 2, 
2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-15298 Filed 8-6-07; 8:45 am]
BILLING CODE 6210-01-S
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