Agency Information Collection Activities; Submission for OMB Review; Comment Request, 60672-60673 [E7-21067]

Download as PDF 60672 Federal Register / Vol. 72, No. 206 / Thursday, October 25, 2007 / Notices mstockstill on PROD1PC66 with NOTICES 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 November 16, 2007. A. Federal Reserve Bank of New York (Anne MacEwen, Bank Applications Officer) 33 Liberty Street, New York, New York 10045-0001: 1. Greater Rochester Bancorp, Inc., to become a bank holding company by acquiring 100 percent of the voting shares of Genesee Regional Bank, both of Rochester, New York. B. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414: 1. NEB Corporation, Fond du Lac, Wisconsin; to acquire 10.07 percent of the voting shares of First Menasha Bancshares, Inc., Neenah, Wisconsin, and thereby indirectly acquire First National Bank-Fox Valley, Neenah, Wisconsin. C. Federal Reserve Bank of Minneapolis (Jacqueline G. King, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291: 1. Highland Bancshares, St. Michael, Minnesota; to acquire 100 percent of the voting shares of Ridgedale State Bank, Minnetonka, Minnesota. Board of Governors of the Federal Reserve System, October 19, 2007. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E7–20995 Filed 10–24–07; 8:45 am] BILLING CODE 6210–01–S VerDate Aug<31>2005 17:26 Oct 24, 2007 Jkt 214001 FEDERAL TRADE COMMISSION 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. The Federal Trade Commission (‘‘FTC’’) is seeking public comments on its proposal to extend through November 30, 2010 the current OMB clearance for information collection requirements contained in its Prescreen Opt-Out Disclosure Rule. That clearance expires on November 30, 2007. DATES: Comments must be filed by November 26, 2007. ADDRESSES: Interested parties are invited to submit written comments. Comments should refer to ‘‘Prescreen Opt-Out Disclosure Rule: FTC File No. P075417’’ 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, Room H 135 (Annex J), 600 Pennsylvania Ave., NW., Washington, DC 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 prescribed 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 clearly labeled ‘‘Confidential.’’1The FTC is requesting that any comment filed in paper form be sent by courier or overnight service, if possible. Comments filed in electronic form should be submitted by using the following weblink: https:// secure.commentworks.com/ftcPrescreenOpt-Out (and following the instructions on the Web-based form). To ensure that the Commission considers an electronic comment, you must file it on the Web-based form at the weblink: 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 be granted or denied by the Commission’s General Counsel, consistent with applicable law and the public interest. See Commission Rule 4.9(c), 16 CFR 4.9(c). PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 https://secure.commentworks.com/ftcPrescreenOpt-Out. If this notice appears at http://www.regulations.gov, you may also file an electronic comment through that Web site. The Commission will consider all comments that http:// www.regulations.gov forwards to it. All comments should additionally be submitted to: Office of Management and Budget, Attention: Desk Officer for the Federal Trade Commission. Comments should be submitted via facsimile to (202) 395-6974 because U.S. Postal Mail is subject to lengthy delays due to heightened security precautions. The FTC Act and other laws the Commission administers permit the collection of public comments to consider and use in this proceeding as appropriate. All timely and responsive public comments will be considered by the Commission and will be available to the public on the FTC website, to the extent practicable, at http://www.ftc.gov. As a matter of discretion, the FTC makes every effort to remove home contact information for individuals from the public comments it receives before placing those comments on the FTC website. More information, including routine uses permitted by the Privacy Act, may be found in the FTC’s privacy policy at http://www.ftc.gov/ftc/ privacy.htm. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be addressed to Katherine Armstrong, Attorney, Division of Privacy and Identity Protection, Bureau of Consumer Protection, Federal Trade Commission, 600 Pennsylvania Avenue, NW., Washington, DC 20580, (202) 3263250. SUPPLEMENTARY INFORMATION: Under the Paperwork Reduction Act (‘‘PRA’’), 44 U.S.C. 3501-3520, federal agencies must obtain approval from OMB for each collection of information they conduct or sponsor. On August 1, 2007, the FTC sought comment on the information collection requirements associated with the FTC’s Prescreen Opt-Out Disclosure Rule (‘‘Prescreen Rule’’ or ‘‘Rule), 16 CFR Part 642.2 No comments were received. Pursuant to the OMB regulations that implement the PRA (5 CFR Part 1320), the FTC is providing this second opportunity for public comment while seeking OMB approval to extend the existing paperwork clearance for the Prescreen Rule. All comments should be filed as prescribed in the ADDRESSES section above, and must be received on or before November 26, 2007. 2 72 FR 42091 (Aug. 1, 2007). E:\FR\FM\25OCN1.SGM 25OCN1 mstockstill on PROD1PC66 with NOTICES Federal Register / Vol. 72, No. 206 / Thursday, October 25, 2007 / Notices Section 615(d) of the Fair Credit Reporting Act (‘‘FCRA’’), 15 U.S.C. 1681m(d)(1), requires any person who uses a consumer report in order to make an unsolicited firm offer of credit or insurance to a consumer to provide with each written solicitation a clear and conspicuous statement that: (A) information contained in the consumer’s consumer report was used in connection with the transaction; (B) the consumer received the offer of credit or insurance because the consumer satisfied the criteria for credit worthiness or insurability under which the consumer was selected for the offer; (C) if applicable, the credit or insurance may not be extended if, after the consumer responds to the offer, the consumer does not meet the criteria used to select the consumer for the offer or any applicable criteria bearing on credit worthiness or insurability or does not furnish any required collateral; (D) the consumer has a right to prohibit information contained in the consumer’s file with any consumer reporting agency from being used in connection with any credit or insurance transaction that is not initiated by the consumer; and (E) the consumer may exercise the right referred to in subparagraph (D) by notifying a notification system established under section 604(e) [of the FCRA]. Section 615(d)(1) of the FCRA, 15 U.S.C. 1681m(d)(1). The Fair and Accurate Credit Transactions Act of 2003, Pub. L. 108159, 117 Stat. 1952 (‘‘FACT Act’’) was signed into law on December 4, 2003. Section 213(a) of the FACT Act amended FCRA Section 615(d) to require that the statement mandated by Section 615(d) ‘‘be presented in such format and in such type size and manner as to be simple and easy to understand, as established by the Commission, by rule, in consultation with the Federal banking agencies and the National Credit Union Administration.’’ The Commission published the Final Rule implementing this provision in the Federal Register on January 31, 2005, and the Rule became effective on August 1, 2005. The Rule adopted a ‘‘layered’’ notice approach that requires a short, simple, and easy-to-understand statement of consumers’ opt-out rights on the first page of the prescreened solicitation, along with a longer statement containing additional details elsewhere in the solicitation. Specifically, the Rule requires that a short notice be placed on VerDate Aug<31>2005 17:26 Oct 24, 2007 Jkt 214001 the front side of the first page of the principal promotional document in the solicitation, or, if provided electronically, on the same page and in close proximity to the principal marketing message. The Rule specifies that the type size be larger than the type size of the principal text on the same page, but in no event smaller than 12point type. If the notice is provided by electronic means, the entity providing it must take reasonable steps to ensure that the type size is larger than the type size of the principal text on the same page. The Rule further provides that the long notice that appears elsewhere in the solicitation be in a type size that is no smaller than the type size of the principal text on the same page, but in no event smaller than 8-point type. The long notice must begin with the heading ‘‘PRESCREEN & OPT-OUT NOTICE,’’ which must be in capital letters and underlined, set apart from other text on the page, and in a type style that is distinct from the principal type style used on the same page. The Rule also includes model notices in English and Spanish. Burden statement: Estimated total annual hours burden: 1,000 to 1,500 hours (rounded to the nearest thousand). Based on public comments received in response to the Commission’s 2004 Notice of Proposed Rulemaking,3 when issuing the final Rule, the Commission estimated that the annual burden to industry would be between 43,600 and 45,600 hours.4 This estimate was comprised of 500 to 750 companies each spending 8 hours to revise an existing solicitation, plus 100 companies each needing an additional 396 hours to revise multiple solicitations ((500 companies x 8 burden hours + 39,600 burden hours = 43,600 burden hours); (750 companies x 8 burden hours + 39,600 burden hours = 45,600 burden hours)).5 The Commission further estimated that the total annual cost to industry would be between $1,157,894 and $1,213,329.6 69 FR 58861 (Oct. 1, 2004). 70 FR 5022 (Jan. 31, 2005). 5 The Commission estimated that each of the 100 companies would revise 99 additional solicitations and incur 4 hours of burden per solicitation (100 companies x 99 solicitations x 4 hours of burden = 39,600 burden hours). 6 This estimate was based on Bureau of Labor Statistics data (as of July, 2002), as follows: 2 hours of managerial/professional time at $31.55 per hour; plus 6 hours of skilled technical labor at $26.44 per hour; multiplied by 500 and 750 companies, for a total of $110,870 and $166,305, respectively. These sums were added to $1,047,024 (39,600 hours of skilled technical labor at $26.44 per hour) for revising multiple solicitations. 3 4 PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 60673 The requirements of the Rule have not changed since OMB’s 2004 approval of the final Rule. The previous estimates included a one-time burden to reprogram and update systems to revise existing notices and to re-format solicitations to comply with the Rule. Because the Rule has been in effect since August 1, 2005, covered entities have already incurred the one-time costs of transitioning to compliant notice formats. Accordingly, the annual PRArelated burden associated with the Rule is now reduced. FTC staff believes that the primary cost of continuing to comply with the Rule is limited to any legal review each entity determines is necessary to remain in compliance. FTC staff continues to estimate that between 500 and 750 entities make prescreened solicitations. Because no additional revision or reformatting is necessary, however, staff has lowered the estimate of the burden hours to approximately 2 hours (one quarter of one business day), rather than the estimated 8 hours that was the estimate to revise and reformat solicitations when the Rule was promulgated. Accordingly, the total annual burden is between 1,000 and 1,500 hours (500 to 750 entities x 2 hours of annual burden). FTC staff assumes that in-house legal counsel will handle most of the compliance review and has applied an average hourly wage of $250/hour for their labor. Accordingly, the total cost for all affected entities would be between $250,000 and $375,000 (1000 to 1,500 burden hours x $250 per hour of legal review time). John D. Graubert, Acting General Counsel. [FR Doc. E7–21067 Filed 10–24–07: 8:45 am] BILLING CODE 6750–01–S DEPARTMENT OF HEALTH AND HUMAN SERVICES Agency for Toxic Substances and Disease Registry [ATSDR–235] Proposed Substances To Be Evaluated for Set 22 Toxicological Profiles Agency for Toxic Substances and Disease Registry (ATSDR), Department of Health and Human Services (HHS). ACTION: Request for comments on the proposed substances to be evaluated for Set 22 toxicological profiles. AGENCY: SUMMARY: This notice announces the list of proposed substances that will be evaluated for CERCLA Set 22 E:\FR\FM\25OCN1.SGM 25OCN1

Agencies

[Federal Register Volume 72, Number 206 (Thursday, October 25, 2007)]
[Notices]
[Pages 60672-60673]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-21067]


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FEDERAL TRADE COMMISSION


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request

AGENCY: Federal Trade Commission.

ACTION: Notice.

-----------------------------------------------------------------------

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. The Federal Trade 
Commission (``FTC'') is seeking public comments on its proposal to 
extend through November 30, 2010 the current OMB clearance for 
information collection requirements contained in its Prescreen Opt-Out 
Disclosure Rule. That clearance expires on November 30, 2007.

DATES: Comments must be filed by November 26, 2007.

ADDRESSES: Interested parties are invited to submit written comments. 
Comments should refer to ``Prescreen Opt-Out Disclosure Rule: FTC File 
No. P075417'' 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, Room H 135 
(Annex J), 600 Pennsylvania Ave., NW., Washington, DC 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 
prescribed 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 clearly labeled 
``Confidential.''\1\ The FTC is requesting that any comment filed in 
paper form be sent by courier or overnight service, if possible.
---------------------------------------------------------------------------

    \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 be granted or denied by the 
Commission's General Counsel, consistent with applicable law and the 
public interest. See Commission Rule 4.9(c), 16 CFR 4.9(c).
---------------------------------------------------------------------------

    Comments filed in electronic form should be submitted by using the 
following weblink: https://secure.commentworks.com/ftc-PrescreenOpt-Out 
(and following the instructions on the Web-based form). To ensure that 
the Commission considers an electronic comment, you must file it on the 
Web-based form at the weblink: https://secure.commentworks.com/ftc-
PrescreenOpt-Out. If this notice appears at http://www.regulations.gov, 
you may also file an electronic comment through that Web site. The 
Commission will consider all comments that http://www.regulations.gov 
forwards to it.
    All comments should additionally be submitted to: Office of 
Management and Budget, Attention: Desk Officer for the Federal Trade 
Commission. Comments should be submitted via facsimile to (202) 395-
6974 because U.S. Postal Mail is subject to lengthy delays due to 
heightened security precautions.
    The FTC Act and other laws the Commission administers permit the 
collection of public comments to consider and use in this proceeding as 
appropriate. All timely and responsive public comments will be 
considered by the Commission and will be available to the public on the 
FTC website, to the extent practicable, at http://www.ftc.gov. As a 
matter of discretion, the FTC makes every effort to remove home contact 
information for individuals from the public comments it receives before 
placing those comments on the FTC website. More information, including 
routine uses permitted by the Privacy Act, may be found in the FTC's 
privacy policy at http://www.ftc.gov/ftc/privacy.htm.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be addressed to Katherine Armstrong, Attorney, Division of 
Privacy and Identity Protection, Bureau of Consumer Protection, Federal 
Trade Commission, 600 Pennsylvania Avenue, NW., Washington, DC 20580, 
(202) 326-3250.

SUPPLEMENTARY INFORMATION: Under the Paperwork Reduction Act (``PRA''), 
44 U.S.C. 3501-3520, federal agencies must obtain approval from OMB for 
each collection of information they conduct or sponsor. On August 1, 
2007, the FTC sought comment on the information collection requirements 
associated with the FTC's Prescreen Opt-Out Disclosure Rule 
(``Prescreen Rule'' or ``Rule), 16 CFR Part 642.\2\ No comments were 
received. Pursuant to the OMB regulations that implement the PRA (5 CFR 
Part 1320), the FTC is providing this second opportunity for public 
comment while seeking OMB approval to extend the existing paperwork 
clearance for the Prescreen Rule. All comments should be filed as 
prescribed in the ADDRESSES section above, and must be received on or 
before November 26, 2007.
---------------------------------------------------------------------------

    \2\ 72 FR 42091 (Aug. 1, 2007).

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[[Page 60673]]

    Section 615(d) of the Fair Credit Reporting Act (``FCRA''), 15 
U.S.C. 1681m(d)(1), requires any person who uses a consumer report in 
order to make an unsolicited firm offer of credit or insurance to a 
consumer to provide with each written solicitation a clear and 
conspicuous statement that:
     (A) information contained in the consumer's consumer report was 
used in connection with the transaction; (B) the consumer received the 
offer of credit or insurance because the consumer satisfied the 
criteria for credit worthiness or insurability under which the consumer 
was selected for the offer; (C) if applicable, the credit or insurance 
may not be extended if, after the consumer responds to the offer, the 
consumer does not meet the criteria used to select the consumer for the 
offer or any applicable criteria bearing on credit worthiness or 
insurability or does not furnish any required collateral; (D) the 
consumer has a right to prohibit information contained in the 
consumer's file with any consumer reporting agency from being used in 
connection with any credit or insurance transaction that is not 
initiated by the consumer; and (E) the consumer may exercise the right 
referred to in subparagraph (D) by notifying a notification system 
established under section 604(e) [of the FCRA].
    Section 615(d)(1) of the FCRA, 15 U.S.C. 1681m(d)(1).
    The Fair and Accurate Credit Transactions Act of 2003, Pub. L. 108-
159, 117 Stat. 1952 (``FACT Act'') was signed into law on December 4, 
2003. Section 213(a) of the FACT Act amended FCRA Section 615(d) to 
require that the statement mandated by Section 615(d) ``be presented in 
such format and in such type size and manner as to be simple and easy 
to understand, as established by the Commission, by rule, in 
consultation with the Federal banking agencies and the National Credit 
Union Administration.'' The Commission published the Final Rule 
implementing this provision in the Federal Register on January 31, 
2005, and the Rule became effective on August 1, 2005.
    The Rule adopted a ``layered'' notice approach that requires a 
short, simple, and easy-to-understand statement of consumers' opt-out 
rights on the first page of the prescreened solicitation, along with a 
longer statement containing additional details elsewhere in the 
solicitation. Specifically, the Rule requires that a short notice be 
placed on the front side of the first page of the principal promotional 
document in the solicitation, or, if provided electronically, on the 
same page and in close proximity to the principal marketing message. 
The Rule specifies that the type size be larger than the type size of 
the principal text on the same page, but in no event smaller than 12-
point type. If the notice is provided by electronic means, the entity 
providing it must take reasonable steps to ensure that the type size is 
larger than the type size of the principal text on the same page. The 
Rule further provides that the long notice that appears elsewhere in 
the solicitation be in a type size that is no smaller than the type 
size of the principal text on the same page, but in no event smaller 
than 8-point type. The long notice must begin with the heading 
``PRESCREEN & OPT-OUT NOTICE,'' which must be in capital letters and 
underlined, set apart from other text on the page, and in a type style 
that is distinct from the principal type style used on the same page. 
The Rule also includes model notices in English and Spanish.

Burden statement:

    Estimated total annual hours burden: 1,000 to 1,500 hours (rounded 
to the nearest thousand).
    Based on public comments received in response to the Commission's 
2004 Notice of Proposed Rulemaking,\3\ when issuing the final Rule, the 
Commission estimated that the annual burden to industry would be 
between 43,600 and 45,600 hours.\4\ This estimate was comprised of 500 
to 750 companies each spending 8 hours to revise an existing 
solicitation, plus 100 companies each needing an additional 396 hours 
to revise multiple solicitations ((500 companies x 8 burden hours + 
39,600 burden hours = 43,600 burden hours); (750 companies x 8 burden 
hours + 39,600 burden hours = 45,600 burden hours)).\5\ The Commission 
further estimated that the total annual cost to industry would be 
between $1,157,894 and $1,213,329.\6\
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    \3\ 69 FR 58861 (Oct. 1, 2004).
    \4\ 70 FR 5022 (Jan. 31, 2005).
    \5\ The Commission estimated that each of the 100 companies 
would revise 99 additional solicitations and incur 4 hours of burden 
per solicitation (100 companies x 99 solicitations x 4 hours of 
burden = 39,600 burden hours).
    \6\ This estimate was based on Bureau of Labor Statistics data 
(as of July, 2002), as follows: 2 hours of managerial/professional 
time at $31.55 per hour; plus 6 hours of skilled technical labor at 
$26.44 per hour; multiplied by 500 and 750 companies, for a total of 
$110,870 and $166,305, respectively. These sums were added to 
$1,047,024 (39,600 hours of skilled technical labor at $26.44 per 
hour) for revising multiple solicitations.
---------------------------------------------------------------------------

    The requirements of the Rule have not changed since OMB's 2004 
approval of the final Rule. The previous estimates included a one-time 
burden to reprogram and update systems to revise existing notices and 
to re-format solicitations to comply with the Rule. Because the Rule 
has been in effect since August 1, 2005, covered entities have already 
incurred the one-time costs of transitioning to compliant notice 
formats. Accordingly, the annual PRA-related burden associated with the 
Rule is now reduced. FTC staff believes that the primary cost of 
continuing to comply with the Rule is limited to any legal review each 
entity determines is necessary to remain in compliance.
    FTC staff continues to estimate that between 500 and 750 entities 
make prescreened solicitations. Because no additional revision or 
reformatting is necessary, however, staff has lowered the estimate of 
the burden hours to approximately 2 hours (one quarter of one business 
day), rather than the estimated 8 hours that was the estimate to revise 
and reformat solicitations when the Rule was promulgated. Accordingly, 
the total annual burden is between 1,000 and 1,500 hours (500 to 750 
entities x 2 hours of annual burden). FTC staff assumes that in-house 
legal counsel will handle most of the compliance review and has applied 
an average hourly wage of $250/hour for their labor. Accordingly, the 
total cost for all affected entities would be between $250,000 and 
$375,000 (1000 to 1,500 burden hours x $250 per hour of legal review 
time).

John D. Graubert,
Acting General Counsel.
[FR Doc. E7-21067 Filed 10-24-07: 8:45 am]
BILLING CODE 6750-01-S