Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 31441 [E9-15479]
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Federal Register / Vol. 74, No. 125 / Wednesday, July 1, 2009 / Notices
Dated: March 25, 2009.
Steven T. Walther,
Chairman, Federal Election Commission.
Editorial Note: This document was
received in the Office of the Federal Register
on Thursday, June 25, 2009.
[FR Doc. E9–15497 Filed 6–30–09; 8:45 am]
BILLING CODE 6715–01–P
FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
SUMMARY:
Background
Notice is hereby given of the final
approval of a proposed information
collection by the Board of Governors of
the Federal Reserve System (Board)
under OMB delegated authority, as per
5 CFR 1320.16 (OMB Regulations on
Controlling Paperwork Burdens on the
Public). 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 collection of information
instrument(s) 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.
FOR FURTHER INFORMATION CONTACT:
Acting Federal Reserve Board Clearance
Officer—Cynthia Ayouch—Division of
Research and Statistics, Board of
Governors of the Federal Reserve
System, Washington, DC 20551 (202–
452–3829).
OMB Desk Officer—Shagufta
Ahmed—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
report:
Report title: Suspicious Activity
Report by Depository Institutions (SAR).
Agency form number: FR 2230.
OMB Control number: 7100–0212.
Frequency: On occasion.
Reporters: State member banks, bank
holding companies and their nonbank
subsidiaries, Edge and agreement
VerDate Nov<24>2008
15:22 Jun 30, 2009
Jkt 217001
corporations, and the U.S. branches and
agencies, representative offices, and
nonbank subsidiaries of foreign banks
supervised by the Federal Reserve.
Annual reporting hours: 86,404 hours.
Estimated average hours per response:
1 hour.
Number of respondents: 7,000.
General description of report: This
information collection is mandatory,
pursuant to authority contained in the
following statutes: 12 U.S.C. 248(a)(1),
625, 1818, 1844(c), 3105(c)(2), and
3106(a). The obligation to file a SAR is
set forth in the Board’s rules, and is
mandatory: 12 CFR 208.62(c) (state
member banks); 12 CFR 225.4(f) (entities
subject to the Bank Holding Company
Act and their nonbank subsidiaries); 12
CFR 211.5(k) (Edge and agreement
corporations); and 12 CFR 211.24(f)
(U.S. branches, agencies, and
representative offices of foreign banks).
Section 5318(g)(2)(A)(ii) of Title 31
generally prohibits an officer or
employee of the Federal Government
from disclosing the existence of a SAR
to anyone involved in the transaction,
and section 5319 of Title 31 provides
that SARs are exempt from disclosure
under FOIA. The information collected
on a SAR is covered by, among other
things, exemptions 3 and 7 of the
Freedom of Information Act (5 U.S.C.
552(b)(3)&(7)) and exemption 2 of the
Privacy Act (5 U.S.C. 552a(k)(2))
Abstract: Since 1996, the federal
banking agencies (the Federal Reserve
Board, the Office of the Comptroller of
the Currency, the Office of Thrift
Supervision, the Federal Deposit
Insurance Corporation, and the National
Credit Union Administration) and the
Department of the Treasury’s Financial
Crimes Enforcement Network (FinCEN)
(collectively, the agencies) have
required certain types of financial
institutions to report known or
suspected violations of law and
suspicious transactions. To fulfill these
requirements, supervised banking
organizations file SARs. Law
enforcement agencies use the
information submitted on the reporting
form to initiate investigations and the
Federal Reserve uses the information in
the examination and oversight of
supervised institutions.
Current Actions: On April 1, 2009, the
agencies published a notice in the
Federal Register (74 FR 14863)
requesting public comment for 60 days
on the extension, without revision, of
the interagency Suspicious Activities
Report by Depository Institutions. The
comment period for this notice expired
on June 1, 2009. The Federal Reserve
did not receive any comments on this
proposal. However, three comment
PO 00000
Frm 00040
Fmt 4703
Sfmt 4703
31441
letters were received by FinCEN. Two of
the comment letters were from banking
institutions and one was from a credit
union association. The other agencies
will publish a separate Federal Register
notice addressing the comments and
each agency will separately submit their
SAR information collection to OMB.
Board of Governors of the Federal Reserve
System, June 25, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9–15479 Filed 6–30–09; 8:45 am]
BILLING CODE 6210–01–P
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
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 July 27, 2009.
A. Federal Reserve Bank of Kansas
City (Todd Offerbacker, Assistant Vice
President) 925 Grand Avenue, Kansas
City, Missouri 64198–0001:
E:\FR\FM\01JYN1.SGM
01JYN1
]]>Agencies
[Federal Register Volume 74, Number 125 (Wednesday, July 1, 2009)]
[Notices]
[Page 31441]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-15479]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
SUMMARY:
Background
Notice is hereby given of the final approval of a proposed
information collection by the Board of Governors of the Federal Reserve
System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB
Regulations on Controlling Paperwork Burdens on the Public). 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 collection of information instrument(s) 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.
FOR FURTHER INFORMATION CONTACT: Acting Federal Reserve Board Clearance
Officer--Cynthia Ayouch--Division of Research and Statistics, Board of
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829).
OMB Desk Officer--Shagufta Ahmed--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 report:
Report title: Suspicious Activity Report by Depository Institutions
(SAR).
Agency form number: FR 2230.
OMB Control number: 7100-0212.
Frequency: On occasion.
Reporters: State member banks, bank holding companies and their
nonbank subsidiaries, Edge and agreement corporations, and the U.S.
branches and agencies, representative offices, and nonbank subsidiaries
of foreign banks supervised by the Federal Reserve.
Annual reporting hours: 86,404 hours.
Estimated average hours per response: 1 hour.
Number of respondents: 7,000.
General description of report: This information collection is
mandatory, pursuant to authority contained in the following statutes:
12 U.S.C. 248(a)(1), 625, 1818, 1844(c), 3105(c)(2), and 3106(a). The
obligation to file a SAR is set forth in the Board's rules, and is
mandatory: 12 CFR 208.62(c) (state member banks); 12 CFR 225.4(f)
(entities subject to the Bank Holding Company Act and their nonbank
subsidiaries); 12 CFR 211.5(k) (Edge and agreement corporations); and
12 CFR 211.24(f) (U.S. branches, agencies, and representative offices
of foreign banks).
Section 5318(g)(2)(A)(ii) of Title 31 generally prohibits an
officer or employee of the Federal Government from disclosing the
existence of a SAR to anyone involved in the transaction, and section
5319 of Title 31 provides that SARs are exempt from disclosure under
FOIA. The information collected on a SAR is covered by, among other
things, exemptions 3 and 7 of the Freedom of Information Act (5 U.S.C.
552(b)(3)&(7)) and exemption 2 of the Privacy Act (5 U.S.C. 552a(k)(2))
Abstract: Since 1996, the federal banking agencies (the Federal
Reserve Board, the Office of the Comptroller of the Currency, the
Office of Thrift Supervision, the Federal Deposit Insurance
Corporation, and the National Credit Union Administration) and the
Department of the Treasury's Financial Crimes Enforcement Network
(FinCEN) (collectively, the agencies) have required certain types of
financial institutions to report known or suspected violations of law
and suspicious transactions. To fulfill these requirements, supervised
banking organizations file SARs. Law enforcement agencies use the
information submitted on the reporting form to initiate investigations
and the Federal Reserve uses the information in the examination and
oversight of supervised institutions.
Current Actions: On April 1, 2009, the agencies published a notice
in the Federal Register (74 FR 14863) requesting public comment for 60
days on the extension, without revision, of the interagency Suspicious
Activities Report by Depository Institutions. The comment period for
this notice expired on June 1, 2009. The Federal Reserve did not
receive any comments on this proposal. However, three comment letters
were received by FinCEN. Two of the comment letters were from banking
institutions and one was from a credit union association. The other
agencies will publish a separate Federal Register notice addressing the
comments and each agency will separately submit their SAR information
collection to OMB.
Board of Governors of the Federal Reserve System, June 25, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9-15479 Filed 6-30-09; 8:45 am]
BILLING CODE 6210-01-P
