Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 28825 [E8-11134]

Download as PDF Federal Register / Vol. 73, No. 97 / Monday, May 19, 2008 / Notices Underbanked Household Survey on the following Web page: http:// www.fdic.gov/regulations/laws/federal/ index.html. Interested members of the public may also obtain additional information about the collection, including a paper copy of the proposed collection and related instructions, without charge, by contacting Leneta Gregorie at the address identified above, or by calling (202) 898–3719. SUPPLEMENTARY INFORMATION: The FDIC proposes to establish the following collection of information: Title: National Unbanked and Underbanked Household Survey. OMB Number: New collection. Frequency of Response: Once. Affected Public: U.S. households. Estimated Number of Respondents: 54,000. Average Time per Response: 10 minutes (0.166 hours) per respondent. Estimated Total Annual Burden: 0.166 hours ×54,000 respondents = 8,964 hours. pwalker on PROD1PC71 with NOTICES General Description of Collection This collection is related to a mandate under section 7 of the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 (‘‘Reform Act’’) (Pub. L. 109–173), which calls for the FDIC to conduct ongoing surveys ‘‘on efforts by insured depository institutions to bring those individuals and families who have rarely, if ever, held a checking account, a savings account or other type of transaction or check cashing account at an insured depository institution (hereafter in this section referred to as the ‘unbanked’) into the conventional finance system.’’ The Congressional mandate further requires the FDIC to conduct ongoing surveys to, among other things, estimate the size and worth of the unbanked market in the United States and to identify the cultural, language and identification issues as well as transaction costs that appear to most prevent unbanked individuals from establishing accounts with insured depository institutions. To satisfy the Congressional mandate, the FDIC has proposed conducting two complementary surveys related to unbanked and underbanked consumers (underbanked consumers include individuals who have an account with an insured depository institution, but also rely on non-bank alternative financial service providers for transaction services or high-cost credit products). The first survey effort, which has already obtained OMB approval and is currently underway, is a survey of FDIC-insured depository institutions on VerDate Aug<31>2005 17:18 May 16, 2008 Jkt 214001 their efforts to serve unbanked and underbanked consumers. The second survey effort, which is the subject of this notice, would be a national survey of U.S. households to estimate the size and worth of the unbanked and underbanked markets and to identify the barriers households perceive when deciding how and where to conduct financial transactions. To obtain the information required by the Reform Act related to unbanked and underbanked households, for this survey effort the FDIC proposes to partner with the U.S. Census Bureau to conduct a survey of U.S. households as a supplement to Census’ CPS in January 2009. The supplement would be administered to households that participate in the CPS and would be 10 minutes in length, on average. The FDIC supplement to the Census survey is designed to yield significant new data on the numbers and demographic characteristics of unbanked and underbanked households, as well as the barriers they perceive when deciding how and where to conduct financial transactions. Currently, there is a lack of basic data on the number of unbanked and underbanked households in the U.S. and on the factors that may promote or hinder access to the mainstream financial system . This will be the first survey of its kind on this topic to be conducted at the national level and results will also be reportable at the state level. The results will help policymakers and the industry better understand the extent to which U.S. households are financially underserved, the reasons why U.S. households may be financially underserved, and the opportunities that exist to better serve them. Request for Comment Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the information collection; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology. The FDIC will consider all comments to determine the extent to which the proposed information collection should be modified prior to submission to OMB for review and approval. After the comment period closes, comments will be summarized or included in the PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 28825 FDIC’s request to OMB for approval of the collection. All comments will become a matter of public record. Dated at Washington, DC, this 13th day of May, 2008. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. E8–11072 Filed 5–16–08; 8:45 am] BILLING CODE 6714–01–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 June 3, 2008. A. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice President) 2200 North Pearl Street, Dallas, Texas 75201– 2272: 1. Murph M. Compton, Murph M. Compton, Jr. (individually and as trustee of the Alexander Marie Compton Trust and the Barrett Wesley Compton Trust), both of Menard, Texas, and Mary Margaret McDonald (individually and as trustee of the Elizabeth Ann McDonald Trust and the Wade Compton McDonald Trust), Plano, Texas; to acquire voting shares of Menard Bancshares, Inc., and thereby indirectly acquire voting shares of Menard National Bank, both of Menard, Texas. Board of Governors of the Federal Reserve System, May 14, 2008. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E8–11134 Filed 5–16–08; 8:45 am] BILLING CODE 6210–01–S E:\FR\FM\19MYN1.SGM 19MYN1

Agencies

[Federal Register Volume 73, Number 97 (Monday, May 19, 2008)]
[Notices]
[Page 28825]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-11134]


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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 June 3, 2008.
    A. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Murph M. Compton, Murph M. Compton, Jr. (individually and as 
trustee of the Alexander Marie Compton Trust and the Barrett Wesley 
Compton Trust), both of Menard, Texas, and Mary Margaret McDonald 
(individually and as trustee of the Elizabeth Ann McDonald Trust and 
the Wade Compton McDonald Trust), Plano, Texas; to acquire voting 
shares of Menard Bancshares, Inc., and thereby indirectly acquire 
voting shares of Menard National Bank, both of Menard, Texas.

    Board of Governors of the Federal Reserve System, May 14, 2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8-11134 Filed 5-16-08; 8:45 am]
BILLING CODE 6210-01-S