Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies, 49673 [E8-19529]
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Federal Register / Vol. 73, No. 164 / Friday, August 22, 2008 / Notices
polling to determine whether there are
more neutral and reliable ways to elicit
the information sought. The commenter
further suggested that the FDIC
eliminate failure to provide check
cashing services as a possible answer to
questions probing the reasons a
respondent does not have or has closed
an account.
The commenter also suggested that
the FDIC expand the survey, to elicit
more detailed information in a number
of areas, including the attitudes of the
unbanked toward financial education
opportunities; the reasons some
consumers prefer to operate on a cash
basis; what consumers like and dislike
about payroll cards and other pre-paid
products and the extent to which users
of such products tend to be interested in
opening checking or savings accounts;
and the extent to which price and other
factors affect the choices made by
unbanked consumers when shopping
for financial products and services.
Finally, the commenter noted that the
survey does not include questions of a
demographic nature such as the
respondent’s age, education, income,
line of work, ethnicity, or how long he
or she has resided in the country. The
commenter, therefore, requested that the
FDIC incorporate demographic
questions into the survey or clarify that
such questions will be included as part
of the regularly scheduled questions
asked by census takers.
In its development of the survey
questions for the National Survey of
Unbanked and Underbanked
Households, the FDIC attempted to
balance its statutory mandate to identify
the factors that appear to prevent
unbanked individuals from establishing
accounts with insured depository
institutions and the demographic
characteristics of the unbanked
population against the need to minimize
burden on respondents. To achieve this
balance and to ensure that the questions
were structured in a way to minimize
bias, the FDIC consulted with a
nationally recognized polling firm with
expert credentials in qualitative and
quantitative research and analysis. The
FDIC also worked closely with a
cognitive testing expert on the faculty of
the University of Connecticut and with
staff of the Census Bureau’s
Demographic Surveys Division and the
Labor Department’s Bureau of Labor
Statistics. After two rounds of cognitive
testing with corresponding adjustments
to survey questions, the FDIC is
confident that the survey questions are
structured in a way that minimizes
possible skewing of survey results.
With respect to suggested deletion of
failure to provide check cashing services
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as a potential response to questions
seeking information on the reasons for
not having or closing an account, the
FDIC is aware that such services are
usually extended to bank customers.
However, provision of such services to
account holders is not always the case
and, in many instances, may be
restricted by several factors such as
account standing and the institution on
which the check is drawn. Therefore,
the FDIC believes that failure to provide
check cashing services is a valid
response option for questions seeking to
determine the reasons for not having or
closing an account.
Regarding the suggestion that the
FDIC expand the survey to elicit more
detailed information in a variety of
areas, the FDIC agrees that the utility of
the survey would be enhanced by the
addition of questions that would
provide more depth on factors
underlying consumer choices and
preferences with respect to financial
products and services. However, the
FDIC is constrained by Census Bureau
limits on the length of the survey.
Perhaps these issues can be explored in
future survey efforts.
On the demographic issues raised by
the commenter, the FDIC has clarified
that demographic information about
respondents is collected by the Current
Population Survey, eliminating the need
for such questions to be included in the
supplemental survey.
Request for Comment
Comments are invited on: (a) Whether
these collections of information are
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimate of the
burden of the information collections,
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 the information collections on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
All comments will become a matter of
public record.
Dated at Washington, DC, this 19th day of
August, 2008.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E8–19478 Filed 8–21–08; 8:45 am]
BILLING CODE 6714–01–P
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49673
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Correction
In notice document E8–17716
beginning on page 45222 in the issue of
Monday, August 4, 2008, make the
following correction:
On page 45223, in the first column,
under DATES:, in the second line,
‘‘September 30, 2008’’ should read
‘‘October 3, 2008’’.
[FR Doc. Z8–17716 Filed 8–21–08; 8:45 am]
BILLING CODE 1505–01–D
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
September 9, 2008.
A. Federal Reserve Bank of Kansas
City (Todd Offenbacker, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Steven J. Buchanan, Omaha,
Nebraska, as a member of Wilber Co.
Voting Trust; to retain control of Wilber
Co., both of Wilber, Nebraska, parent of
First State Bank, Lincoln, Nebraska.
Board of Governors of the Federal Reserve
System, August 19, 2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8–19529 Filed 8–21–08; 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,
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[Federal Register Volume 73, Number 164 (Friday, August 22, 2008)]
[Notices]
[Page 49673]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-19529]
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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. 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 September 9, 2008.
A. Federal Reserve Bank of Kansas City (Todd Offenbacker, Assistant
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
1. Steven J. Buchanan, Omaha, Nebraska, as a member of Wilber Co.
Voting Trust; to retain control of Wilber Co., both of Wilber,
Nebraska, parent of First State Bank, Lincoln, Nebraska.
Board of Governors of the Federal Reserve System, August 19,
2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8-19529 Filed 8-21-08; 8:45 am]
BILLING CODE 6210-01-S
