Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 64692-64694 [E9-29184]

Download as PDF 64692 Federal Register / Vol. 74, No. 234 / Tuesday, December 8, 2009 / Notices application. The estimate for the total annual hour burden for AHP applications is 49,200 hours (2,050 applicants × 1 application × 24 hours). 2. AHP Modification Requests FHFA estimates a total annual average of 150 modification requests, with 1 response per requestor, and a 2.5-hour average processing time for each request. The estimate for the total annual hour burden for AHP modification requests is 375 hours (150 requestors × 1 request × 2.5 hours). 3. AHP Monitoring Agreements FHFA estimates a total annual average of 825 AHP monitoring agreements, with 1 agreement per respondent. The estimate for the average hours to implement each AHP monitoring agreement and prepare and review required reports and certifications is 4.75 hours. The estimate for the total annual hour burden for AHP monitoring agreements is 3,919 hours (825 respondents × 1 agreement × 4.75 hours). 4. AHP Recapture Agreements FHFA estimates a total annual average of 360 AHP recapture agreements, with 1 agreement per respondent. The estimate for the average hours to prepare and implement an AHP recapture agreement is 2 hours. The estimate for the total annual hour burden for AHP recapture agreements is 720 hours (360 respondents × 1 agreement × 2 hours). 5. Homeownership Set-Aside Program Applications FHFA estimates a total annual average of 10,000 homeownership set-aside program applications, with 1 application per respondent, and a 2 hour average processing time for each application. The estimate for the total annual hour burden for homeownership set-aside program applications is 20,000 hours (10,000 respondents × 1 application × 2 hours). WReier-Aviles on DSKGBLS3C1PROD with NOTICES 6. Verification of Statutory and Regulatory Compliance Submissions FHFA estimates a total annual average of 2,000 submissions to verify compliance with statutory and regulatory requirements with 1 submission per respondent. The estimate for the average hours to review database records for completeness and accuracy prior to submission and validation is 1 hour. The estimate for the total annual hour burden for verification of compliance submissions is 2,000 hours (2,000 respondents × 1 submission × 1 hour). VerDate Nov<24>2008 15:16 Dec 07, 2009 Jkt 220001 7. Bank Advisory Council Reports and Recommendations on AHP Implementation Plans Member and applicant respondents incur no costs because the Bank Advisory Councils prepare and the Banks and FHFA review Advisory Council reports and recommendations. D. Comment Request Written comments are requested on: (1) Whether the collection of information is necessary for the proper performance of FHFA functions, including whether the information has practical utility; (2) the accuracy of FHFA’s estimates of the burdens of the collection of information; (3) ways to enhance the quality, utility and clarity of the information collected; and (4) ways to minimize the burden of the collection of information on applicants and housing associates, including through the use of automated collection techniques or other forms of information technology. Comments may be submitted in writing as instructed above in the Comments section. Dated: December 2, 2009. Edward J. De Marco, Acting Director, Federal Housing Finance Agency. [FR Doc. E9–29219 Filed 12–7–09; 8:45 am] BILLING CODE 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 proposed information collections 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: Federal Reserve Board Clearance Officer PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 —Michelle Shore—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 information collections: (1) Report title: Disclosure and Reporting Requirements of CRA-Related Agreements. Agency form number: Reg G. OMB control number: 7100–0299. Frequency: On occasion and annual. Reporters: Insured depository institutions (IDIs) and nongovernmental entities or persons (NGEPs). Annual reporting hours: 78 hours. Number of respondents: 3 IDI and 6 NGEPs. Estimated average hours per response: 1 hour (6 disclosure requirements and 1 annual report) and 4 hours (2 annual reports). General description of report: This information collection is required pursuant the Federal Deposit Insurance Act (FDI Act), 12 U.S.C. 1831y(b) and (c). The FDI Act authorizes the Federal Reserve to require the disclosure and reporting requirements of Regulation G (12 CFR part 207). In general, the Federal Reserve does not consider individual respondent commercial and financial information collected by the Federal Reserve pursuant to Regulation G as confidential. However, a respondent may request confidential treatment pursuant to section (b)(4) of Freedom of Information Act, 5 U.S.C 552(b)(4). Abstract: Section 48 of the FDI Act imposes disclosure and reporting requirements on IDIs, their affiliates and NGEPs that enter into written agreements that meet certain criteria. The written agreements must (1) be made in fulfillment of the Community Reinvestment Act of 1977 (CRA) and (2) involve funds or other resources of an IDI or affiliate with an aggregate value of more than $10,000 in a year, or loans with an aggregate principal value of more than $50,000 in a year. Section 48 excludes from the disclosure and reporting requirements any agreement between an IDI or its affiliate and an NGEP if the NGEP has not contacted the IDI or its affiliate, or a banking agency, concerning the CRA performance of the IDI. Regulation G contains four disclosure requirements and two reporting requirements for IDIs and affiliates and E:\FR\FM\08DEN1.SGM 08DEN1 WReier-Aviles on DSKGBLS3C1PROD with NOTICES Federal Register / Vol. 74, No. 234 / Tuesday, December 8, 2009 / Notices two disclosure requirements and one reporting requirement for NGEPs. Please see the agency’s OMB supporting statement for a summary of the disclosure and reporting requirements of Regulation G, http:// www.federalreserve.gov/boarddocs/ reportforms/review.cfm. The disclosure and reporting requirements in connection with Regulation G are mandatory and apply to state member banks and their subsidiaries; bank holding companies; affiliates of bank holding companies, other than banks, savings associations, and subsidiaries of banks and savings associations; and NGEPs that enter into covered agreements with any of the aforementioned companies. Current Actions: On September 21, 2009, the Federal Reserve published a notice in the Federal Register (74 FR 48070) requesting public comment for 60 days on the extension, without revision, of Reg G. The comment period for this notice expired on November 20, 2009. The Federal Reserve did not receive any comments. (2) Report title: Disclosure Requirements in Connection With Regulation H (Consumer Protections in Sales of Insurance). Agency form number: Reg H–7. OMB control number: 7100–0298. Frequency: On occasion. Reporters: State member banks. Annual reporting hours: 13,451 hours. Number of respondents: 854. Estimated average hours per response: 1.5 minutes. General description of report: This information collection is mandatory pursuant the Federal Deposit Insurance Act, 12 U.S.C. 1831x. Since the Federal Reserve does not collect any information, no issue of confidentiality normally arises. Abstract: Section 305 of the GrammLeach-Bliley Act requires financial institutions to provide written and oral disclosures to consumers in connection with the initial sale of an insurance product or annuity concerning its uninsured nature and the existence of the investment risk, if appropriate, and the fact that insurance sales and credit may not be tied. Covered persons must make insurance disclosures before the completion of the initial sale of an insurance product or annuity to a consumer. The disclosure must be made orally and in writing to the consumer that: (1) The insurance product or annuity is not a deposit or other obligation of, or guaranteed by, the financial institution or an affiliate of the financial institution; (2) the insurance product or annuity is not insured by the Federal Deposit Insurance Corporation VerDate Nov<24>2008 15:16 Dec 07, 2009 Jkt 220001 or any other agency of the United States, the financial institution, or (if applicable) an affiliate of the financial institution; and (3) in the case of an insurance product or annuity that involves an investment risk, there is investment risk associated with the product, including the possible loss of value. Covered persons must make a credit disclosure at the time a consumer applies for an extension of credit in connection with which an insurance product or annuity is solicited, offered, or sold. The disclosure must be made orally and in writing that the financial institution may not condition an extension of credit on either: (1) The consumer’s purchase of an insurance product or annuity from the financial institution or any of its affiliates; or (2) the consumer’s agreement not to obtain, or a prohibition on the consumer from obtaining, an insurance product or annuity from an unaffiliated entity. Please see the agency’s OMB supporting statement for a summary of the disclosure requirements of Regulation H–7. http:// www.federalreserve.gov/boarddocs/ reportforms/review.cfm. Current Actions: On September 21, 2009, the Federal Reserve published a notice in the Federal Register (74 FR 48070) requesting public comment for 60 days on the extension, without revision, of Reg H–7. The comment period for this notice expired on November 20, 2009. The Federal Reserve did not receive any comments. (3) Report title: Domestic Branch Notification. Agency form number: FR 4001. OMB Control number: 7100–0097. Frequency: On occasion. Reporters: State member banks (SMBs). Annual reporting hours: 810 hours. Estimated average hours per response: 30 minutes for expedited notifications and 1 hour for nonexpedited notifications. Number of respondents: 159 expedited and 730 nonexpedited. General description of report: This information collection is mandatory per Section 9(3) of the Federal Reserve Act (12 U.S.C. 321) and is not given confidential treatment. Abstract: The Federal Reserve Act and Regulation H require an SMB to seek prior approval of the Federal Reserve System before establishing or acquiring a domestic branch. Such requests for approval must be filed as notifications at the appropriate Reserve Bank for the SMB. Due to the limited information that an SMB generally has to provide for branch proposals, there is no formal PO 00000 Frm 00034 Fmt 4703 Sfmt 4703 64693 reporting form for a domestic branch notification. An SMB is required to notify the Federal Reserve by letter of its intent to establish one or more new branches, and provide with the letter evidence that public notice of the proposed branch(es) has been published by the SMB in the appropriate newspaper(s). The Federal Reserve uses the information provided to fulfill its statutory obligation to review any public comment on proposed branches before acting on the proposals, and otherwise to supervise SMBs. Please see the agency’s FR 4001 OMB supporting statement for a summary of the notification requirements. http:// www.federalreserve.gov/boarddocs/ reportforms/review.cfm. Current Actions: On September 25, 2009, the Federal Reserve published a notice in the Federal Register (74 FR 48960) requesting public comment for 60 days on the extension, without revision, of the FR 4001. The comment period for this notice expired on November 24, 2009. No comments were received. Final approval under OMB delegated authority of the extension for three years, with revision, of the following report: Report title: Consolidated Bank Holding Company Report of Equity Investments in Nonfinancial Companies, and the Annual Report of Merchant Banking Investments Held for an Extended Period. Agency form number: FR Y–12 and FR Y–12A, respectively. OMB control number: 7100–0300. Frequency: FR Y–12, quarterly and semiannually; and FR Y–12A, annually. Reporters: Bank holding companies (BHCs) and financial holding companies (FHCs). Estimated annual reporting hours: FR Y–12, 1,485 hours; and FR Y–12A, 91 hours. Estimated average hours per response: FR Y–12, 16.5 hours; and FR Y–12A, 7 hours. Number of respondents: FR Y–12, 26; and FR Y–12A, 13. General description of report: This collection of information is mandatory pursuant to Section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)). The FR Y–12 data are not considered confidential. However, bank holding companies may request confidential treatment for any information that they believe is subject to an exemption from disclosure under the Freedom of Information Act (FOIA), 5 U.S.C. 552(b). The FR Y–12A data are considered confidential on the basis that disclosure of specific commercial or financial data relating to investments E:\FR\FM\08DEN1.SGM 08DEN1 64694 Federal Register / Vol. 74, No. 234 / Tuesday, December 8, 2009 / Notices held for extended periods of time could result in substantial harm to the competitive position of the financial holding company pursuant to the FOIA (5 U.S.C. 552(b)(4) and (b)(8)). Abstract: The FR Y–12 collects information from certain domestic BHCs on their equity investments in nonfinancial companies. Respondents report the FR Y–12 either quarterly or semi-annually based on reporting threshold criteria. The FR Y–12A is filed annually by institutions that hold merchant banking investments that are approaching the end of the holding period permissible under Regulation Y. Please see the agency’s FR Y–12 OMB supporting statement for a summary of the proposed reporting requirements and draft reporting form and instructions. http:// www.federalreserve.gov/boarddocs/ reportforms/review.cfm. Current Actions: On September 25, 2009, the Federal Reserve published a notice in the Federal Register (74 FR 48960) requesting public comment for 60 days on the extension, with revision, of the FR Y–12. The comment period for this notice expired on November 24, 2009. No comments were received. Board of Governors of the Federal Reserve System, December 3, 2009. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E9–29184 Filed 12–7–09; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM WReier-Aviles on DSKGBLS3C1PROD with NOTICES Sunshine Act Meeting AGENCY HOLDING THE MEETING: Board of Governors of the Federal Reserve System. TIME AND DATE: 12 p.m., Monday, December 14, 2009. PLACE: Marriner S. Eccles Federal Reserve Board Building, 20th and C Streets, N.W., Washington, D.C. 20551. STATUS: Closed. MATTERS TO BE CONSIDERED: 1. Personnel actions (appointments, promotions, assignments, reassignments, and salary actions) involving individual Federal Reserve System employees. 2. Any items carried forward from a previously announced meeting. FOR FURTHER INFORMATION CONTACT: Michelle Smith, Director, or Dave Skidmore, Assistant to the Board, Office of Board Members at 202–452–2955. SUPPLEMENTARY INFORMATION: You may call 202–452–3206 beginning at approximately 5 p.m. two business days before the meeting for a recorded VerDate Nov<24>2008 15:16 Dec 07, 2009 Jkt 220001 announcement of bank and bank holding company applications scheduled for the meeting; or you may contact the Board’s Web site at http:// www.federalreserve.gov for an electronic announcement that not only lists applications, but also indicates procedural and other information about the meeting. Board of Governors of the Federal Reserve System, December 4, 2009. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E9–29320 Filed 12–4–09; 4:15 pm] BILLING CODE 6210–01–S FEDERAL TRADE COMMISSION [File No. 061 0139] Watson Pharmaceuticals, Inc. and Andrx Corporation; Analysis of Agreement Containing Consent Orders to Aid Public Comment Federal Trade Commission. Proposed Consent Agreement. AGENCY: ACTION: SUMMARY: The consent agreement in this matter settles alleged violations of federal law prohibiting unfair or deceptive acts or practices or unfair methods of competition. The attached Analysis to Aid Public Comment describes both the allegations in the draft complaint and the terms of the consent order — embodied in the consent agreement — that would settle these allegations. DATES: Comments must be received on or before January 4, 2010. ADDRESSES: Interested parties are invited to submit written comments electronically or in paper form. Comments should refer to ‘‘Watson Arrow, File No. 061 0139’’ to facilitate the organization of comments. Please note that your comment — including your name and your state — will be placed on the public record of this proceeding, including on the publicly accessible FTC website, at (http:// www.ftc.gov/os/publiccomments.shtm). Because comments will be made public, they should not include any sensitive personal information, such as an individual’s Social Security Number; date of birth; driver’s license number or other state identification number, or foreign country equivalent; passport number; financial account number; or credit or debit card number. Comments also should not include any sensitive health information, such as medical records or other individually identifiable health information. In addition, comments should not include any ‘‘[t]rade secret or any commercial or PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 financial information which is obtained from any person and which is privileged or confidential. . . .,’’ as provided in Section 6(f) of the FTC Act, 15 U.S.C. 46(f), and Commission Rule 4.10(a)(2), 16 CFR 4.10(a)(2). Comments containing material for which confidential treatment is requested must be filed in paper form, must be clearly labeled ‘‘Confidential,’’ and must comply with FTC Rule 4.9(c), 16 CFR 4.9(c).1 Because paper mail addressed to the FTC is subject to delay due to heightened security screening, please consider submitting your comments in electronic form. Comments filed in electronic form should be submitted by using the following weblink: (https:// public.commentworks.com/ftc/ watsonarrow) 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://public.commentworks.com/ftc/ watsonarrow). If this Notice appears at (http://www.regulations.gov/search/ index.jsp), you may also file an electronic comment through that website. The Commission will consider all comments that regulations.gov forwards to it. You may also visit the FTC website at (http://www.ftc.gov/) to read the Notice and the news release describing it. A comment filed in paper form should include the ‘‘Watson Arrow, File No. 061 0139’’ reference both in the text and on the envelope, and should be mailed or delivered to the following address: Federal Trade Commission, Office of the Secretary, Room H-135 (Annex D), 600 Pennsylvania Avenue, NW, Washington, DC 20580. The FTC is requesting that any comment filed in paper form be sent by courier or overnight service, if possible, because U.S. postal mail in the Washington area and at the Commission is subject to delay due to heightened security precautions. The Federal Trade Commission Act (‘‘FTC Act’’) and other laws the Commission administers permit the collection of public comments to consider and use in this proceeding as appropriate. The Commission will consider all timely and responsive public comments that it receives, whether filed in paper or electronic 1The 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 FTC Rule 4.9(c), 16 CFR 4.9(c). E:\FR\FM\08DEN1.SGM 08DEN1

Agencies

[Federal Register Volume 74, Number 234 (Tuesday, December 8, 2009)]
[Notices]
[Pages 64692-64694]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-29184]


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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 
proposed information collections 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: 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--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 information 
collections:
    (1) Report title: Disclosure and Reporting Requirements of CRA-
Related Agreements.
    Agency form number: Reg G.
    OMB control number: 7100-0299.
    Frequency: On occasion and annual.
    Reporters: Insured depository institutions (IDIs) and 
nongovernmental entities or persons (NGEPs).
    Annual reporting hours: 78 hours.
    Number of respondents: 3 IDI and 6 NGEPs.
    Estimated average hours per response: 1 hour (6 disclosure 
requirements and 1 annual report) and 4 hours (2 annual reports).
    General description of report: This information collection is 
required pursuant the Federal Deposit Insurance Act (FDI Act), 12 
U.S.C. 1831y(b) and (c). The FDI Act authorizes the Federal Reserve to 
require the disclosure and reporting requirements of Regulation G (12 
CFR part 207). In general, the Federal Reserve does not consider 
individual respondent commercial and financial information collected by 
the Federal Reserve pursuant to Regulation G as confidential. However, 
a respondent may request confidential treatment pursuant to section 
(b)(4) of Freedom of Information Act, 5 U.S.C 552(b)(4).
    Abstract: Section 48 of the FDI Act imposes disclosure and 
reporting requirements on IDIs, their affiliates and NGEPs that enter 
into written agreements that meet certain criteria. The written 
agreements must (1) be made in fulfillment of the Community 
Reinvestment Act of 1977 (CRA) and (2) involve funds or other resources 
of an IDI or affiliate with an aggregate value of more than $10,000 in 
a year, or loans with an aggregate principal value of more than $50,000 
in a year. Section 48 excludes from the disclosure and reporting 
requirements any agreement between an IDI or its affiliate and an NGEP 
if the NGEP has not contacted the IDI or its affiliate, or a banking 
agency, concerning the CRA performance of the IDI.
    Regulation G contains four disclosure requirements and two 
reporting requirements for IDIs and affiliates and

[[Page 64693]]

two disclosure requirements and one reporting requirement for NGEPs. 
Please see the agency's OMB supporting statement for a summary of the 
disclosure and reporting requirements of Regulation G, http://www.federalreserve.gov/boarddocs/reportforms/review.cfm.
    The disclosure and reporting requirements in connection with 
Regulation G are mandatory and apply to state member banks and their 
subsidiaries; bank holding companies; affiliates of bank holding 
companies, other than banks, savings associations, and subsidiaries of 
banks and savings associations; and NGEPs that enter into covered 
agreements with any of the aforementioned companies.
    Current Actions: On September 21, 2009, the Federal Reserve 
published a notice in the Federal Register (74 FR 48070) requesting 
public comment for 60 days on the extension, without revision, of Reg 
G. The comment period for this notice expired on November 20, 2009. The 
Federal Reserve did not receive any comments.
    (2) Report title: Disclosure Requirements in Connection With 
Regulation H (Consumer Protections in Sales of Insurance).
    Agency form number: Reg H-7.
    OMB control number: 7100-0298.
    Frequency: On occasion.
    Reporters: State member banks.
    Annual reporting hours: 13,451 hours.
    Number of respondents: 854.
    Estimated average hours per response: 1.5 minutes.
    General description of report: This information collection is 
mandatory pursuant the Federal Deposit Insurance Act, 12 U.S.C. 1831x. 
Since the Federal Reserve does not collect any information, no issue of 
confidentiality normally arises.
    Abstract: Section 305 of the Gramm-Leach-Bliley Act requires 
financial institutions to provide written and oral disclosures to 
consumers in connection with the initial sale of an insurance product 
or annuity concerning its uninsured nature and the existence of the 
investment risk, if appropriate, and the fact that insurance sales and 
credit may not be tied.
    Covered persons must make insurance disclosures before the 
completion of the initial sale of an insurance product or annuity to a 
consumer. The disclosure must be made orally and in writing to the 
consumer that: (1) The insurance product or annuity is not a deposit or 
other obligation of, or guaranteed by, the financial institution or an 
affiliate of the financial institution; (2) the insurance product or 
annuity is not insured by the Federal Deposit Insurance Corporation or 
any other agency of the United States, the financial institution, or 
(if applicable) an affiliate of the financial institution; and (3) in 
the case of an insurance product or annuity that involves an investment 
risk, there is investment risk associated with the product, including 
the possible loss of value.
    Covered persons must make a credit disclosure at the time a 
consumer applies for an extension of credit in connection with which an 
insurance product or annuity is solicited, offered, or sold. The 
disclosure must be made orally and in writing that the financial 
institution may not condition an extension of credit on either: (1) The 
consumer's purchase of an insurance product or annuity from the 
financial institution or any of its affiliates; or (2) the consumer's 
agreement not to obtain, or a prohibition on the consumer from 
obtaining, an insurance product or annuity from an unaffiliated entity.
    Please see the agency's OMB supporting statement for a summary of 
the disclosure requirements of Regulation H-7. http://www.federalreserve.gov/boarddocs/reportforms/review.cfm.
    Current Actions: On September 21, 2009, the Federal Reserve 
published a notice in the Federal Register (74 FR 48070) requesting 
public comment for 60 days on the extension, without revision, of Reg 
H-7. The comment period for this notice expired on November 20, 2009. 
The Federal Reserve did not receive any comments.
    (3) Report title: Domestic Branch Notification.
    Agency form number: FR 4001.
    OMB Control number: 7100-0097.
    Frequency: On occasion.
    Reporters: State member banks (SMBs).
    Annual reporting hours: 810 hours.
    Estimated average hours per response: 30 minutes for expedited 
notifications and 1 hour for nonexpedited notifications.
    Number of respondents: 159 expedited and 730 nonexpedited.
    General description of report: This information collection is 
mandatory per Section 9(3) of the Federal Reserve Act (12 U.S.C. 321) 
and is not given confidential treatment.
    Abstract: The Federal Reserve Act and Regulation H require an SMB 
to seek prior approval of the Federal Reserve System before 
establishing or acquiring a domestic branch. Such requests for approval 
must be filed as notifications at the appropriate Reserve Bank for the 
SMB. Due to the limited information that an SMB generally has to 
provide for branch proposals, there is no formal reporting form for a 
domestic branch notification. An SMB is required to notify the Federal 
Reserve by letter of its intent to establish one or more new branches, 
and provide with the letter evidence that public notice of the proposed 
branch(es) has been published by the SMB in the appropriate 
newspaper(s). The Federal Reserve uses the information provided to 
fulfill its statutory obligation to review any public comment on 
proposed branches before acting on the proposals, and otherwise to 
supervise SMBs.
    Please see the agency's FR 4001 OMB supporting statement for a 
summary of the notification requirements. http://www.federalreserve.gov/boarddocs/reportforms/review.cfm.
    Current Actions: On September 25, 2009, the Federal Reserve 
published a notice in the Federal Register (74 FR 48960) requesting 
public comment for 60 days on the extension, without revision, of the 
FR 4001. The comment period for this notice expired on November 24, 
2009. No comments were received.
    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following report:
    Report title: Consolidated Bank Holding Company Report of Equity 
Investments in Nonfinancial Companies, and the Annual Report of 
Merchant Banking Investments Held for an Extended Period.
    Agency form number: FR Y-12 and FR Y-12A, respectively.
    OMB control number: 7100-0300.
    Frequency: FR Y-12, quarterly and semiannually; and FR Y-12A, 
annually.
    Reporters: Bank holding companies (BHCs) and financial holding 
companies (FHCs).
    Estimated annual reporting hours: FR Y-12, 1,485 hours; and FR Y-
12A, 91 hours.
    Estimated average hours per response: FR Y-12, 16.5 hours; and FR 
Y-12A, 7 hours.
    Number of respondents: FR Y-12, 26; and FR Y-12A, 13.
    General description of report: This collection of information is 
mandatory pursuant to Section 5(c) of the Bank Holding Company Act (12 
U.S.C. 1844(c)). The FR Y-12 data are not considered confidential. 
However, bank holding companies may request confidential treatment for 
any information that they believe is subject to an exemption from 
disclosure under the Freedom of Information Act (FOIA), 5 U.S.C. 
552(b). The FR Y-12A data are considered confidential on the basis that 
disclosure of specific commercial or financial data relating to 
investments

[[Page 64694]]

held for extended periods of time could result in substantial harm to 
the competitive position of the financial holding company pursuant to 
the FOIA (5 U.S.C. 552(b)(4) and (b)(8)).
    Abstract: The FR Y-12 collects information from certain domestic 
BHCs on their equity investments in nonfinancial companies. Respondents 
report the FR Y-12 either quarterly or semi-annually based on reporting 
threshold criteria. The FR Y-12A is filed annually by institutions that 
hold merchant banking investments that are approaching the end of the 
holding period permissible under Regulation Y.
    Please see the agency's FR Y-12 OMB supporting statement for a 
summary of the proposed reporting requirements and draft reporting form 
and instructions. http://www.federalreserve.gov/boarddocs/reportforms/review.cfm.
    Current Actions: On September 25, 2009, the Federal Reserve 
published a notice in the Federal Register (74 FR 48960) requesting 
public comment for 60 days on the extension, with revision, of the FR 
Y-12. The comment period for this notice expired on November 24, 2009. 
No comments were received.

    Board of Governors of the Federal Reserve System, December 3, 
2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9-29184 Filed 12-7-09; 8:45 am]
BILLING CODE 6210-01-P