Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 28118 [E8-10858]

Download as PDF mstockstill on PROD1PC66 with NOTICES 28118 Federal Register / Vol. 73, No. 95 / Thursday, May 15, 2008 / Notices 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: Recordkeeping and Disclosure Requirements Associated with the Guidance on Response Programs for Unauthorized Access to Customer Information. Agency Form Number: FR 4100. OMB Control Number: 7100–0309. Frequency: Develop customer notice, one-time; update and maintain customer notice, annually; Incident notification, event-generated. Reporters: Financial institutions. Annual Reporting Hours: 62,135. Estimated Average Hours per Response: Develop customer notice, 24; Update and maintain customer notice, 8; Incident notification, 29. Number of Respondents: Develop customer notice, 102; Update and maintain customer notice, 6,957; Incident notification, 139. General Description of Report: This information collection is mandatory (15 U.S.C. 6801(b)). Since the Federal Reserve does not collect information associated with the FR 4100, any issue of confidentiality would not generally be an issue. However, confidentiality may arise if the Federal Reserve were to obtain a copy of a customer notice during the course of an examination or were to receive a copy of a Suspicious Activity Report (SAR; FR 2230; OMB No. 7100–0212). In such cases the information would be exempt from disclosure to the public under the Freedom of Information Act (5 U.S.C 552(b)(3), (4), and (8)). Also, a federal employee is prohibited by law from disclosing an SAR or the existence of an SAR (31 U.S.C. 5318(g)). Abstract: Recent trends in customer information theft and the accompanying VerDate Aug<31>2005 16:18 May 14, 2008 Jkt 214001 misuse of that information have led to the issuance of a supplemental interpretation of existing information technology-related security guidelines applicable to financial institutions. The supplemental guidelines are designed to facilitate timely and relevant notification of affected customers and the appropriate regulatory authority of the financial institutions. The guidelines provide specific direction regarding the nature and content of customer notice. Current Actions: On March 6, 2008, the Federal Reserve published a notice in the Federal Register (73 FR 12176) requesting public comment for sixty days on the extension, without revision, of the ID-Theft Guidance. The comment period for this notice expired on May 5, 2008. The Federal Reserve did not receive any comments. 2. Report Title: The Recordkeeping and Disclosure Requirement in Connection with Regulation DD (Truth in Savings). Agency Form Number: Reg DD. OMB Control Number: 7100–0271. Frequency: Account disclosures, 500; Change in terms notices, 1,130; Prematurity notices, 1,015; Disclosures on periodic statements, 12; and Advertising, 12. Reporters: State member banks. Annual Reporting Hours: 176,177. Estimated Average Hours per Response: Account disclosures, 1.5 minutes; Change in terms notices, 1 minute; Prematurity notices, 1 minute; Disclosures on periodic statements, 8 hours; and Advertising, 30 minutes. Number of Respondents: 1,172. General Description of Report: This information collection is mandatory (12 U.S.C. 4308)). Since the Federal Reserve does not collect any information, no issue of confidentiality arises. Abstract: The Truth in Savings Act and Regulation DD require depository institutions to disclose yields, fees, and other terms concerning deposit accounts to consumers at account opening, upon request, and when changes in terms occur. Depository institutions that provide periodic statements are required to include information about fees imposed, interest earned, and the annual percentage yield (APY) earned during those statement periods. The act and regulation mandate the methods by which institutions determine the account balance on which interest is calculated. They also contain rules about advertising deposit accounts. Current Actions: On March 6, 2008, the Federal Reserve published a notice in the Federal Register (73 FR 1276) requesting public comment for sixty days on the extension, without revision, PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 of the recordkeeping and disclosure requirements of Regulation DD. The comment period for this notice expired on May 5, 2008. The Federal Reserve did not receive any comments. Board of Governors of the Federal Reserve System, May 9, 2008. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E8–10780 Filed 5–14–08; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM 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 May 30, 2008. A. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Mark R. Peterson, Dakota Dunes, South Dakota, to acquire control of Liberty Financial Services, Inc., and thereby indirectly Liberty National Bank, both of Sioux City, Iowa. Board of Governors of the Federal Reserve System, May 12, 2008. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E8–10858 Filed 5–14–08; 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 E:\FR\FM\15MYN1.SGM 15MYN1

Agencies

[Federal Register Volume 73, Number 95 (Thursday, May 15, 2008)]
[Notices]
[Page 28118]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-10858]


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FEDERAL RESERVE SYSTEM


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 Sec. [thinsp]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 May 30, 2008.
    A. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Mark R. Peterson, Dakota Dunes, South Dakota, to acquire control 
of Liberty Financial Services, Inc., and thereby indirectly Liberty 
National Bank, both of Sioux City, Iowa.

    Board of Governors of the Federal Reserve System, May 12, 2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8-10858 Filed 5-14-08; 8:45 am]
BILLING CODE 6210-01-S