Notice of Agreements Filed, 66660-66661 [E9-29936]

Download as PDF 66660 Federal Register / Vol. 74, No. 240 / Wednesday, December 16, 2009 / Notices srobinson on DSKHWCL6B1PROD with NOTICES lender in order to obtain the reverse mortgage; 35 ➢ Adopt clear policies so that originators do not have an inappropriate incentive to sell other products that may appear to be linked to the granting of a mortgage. For example, the institution’s policy could state that neither the lender nor any broker will offer to the borrower or refer the borrower to a provider of an annuity or other product or service prior to the closing of the reverse mortgage or, if applicable, the expiration of the borrower’s right to rescind the loan; and ➢ Adopt clear compensation policies to guard against other inappropriate incentives for loan officers and third parties, such as mortgage brokers and correspondents, to make a loan. In addition, conflicts are less likely to be a concern if the borrower has received information and access to independent counseling as described above. Policies, Procedures, and Internal Controls—Institutions should have policies and procedures to address the concerns expressed in this guidance, including those involving conflicts of interest and the provision of consumer information. In addition, institutions should have effective internal controls to monitor whether actual practices are consistent with their policies and operating procedures relating to reverse mortgages. To achieve these objectives, training should be designed so that relevant lending personnel are able to convey information to consumers about product terms and risks in a timely, accurate, and balanced manner. Furthermore, institutions’ independent monitoring should assess how well lending personnel are following internal policies and procedures and evaluate the nature and extent of policy exceptions. Findings should be reported to relevant management. In addition, institutions’ legal and compliance 35 The anti-tying provisions of Section 106(b) of the Bank Holding Company Act of 1970 applicable to banks, and comparable anti-tying provisions for savings associations, savings and loan holding companies, and their affiliates, prohibit these institutions from, among other things, requiring a customer to purchase certain nonbanking products or services, including insurance and annuity products, as a condition to obtaining or varying the price of credit. See 12 U.S.C. 1972, 1464(q), and 1467a(n), respectively. In addition, banks and savings associations that offer insurance and annuities are specifically prohibited from engaging in practices that would cause a consumer to believe that an extension of credit is conditioned on the purchase of insurance or an annuity from the creditor. See 12 U.S.C. 1831x and Consumer Protection in Sales of Insurance Rules, 12 CFR 14.30, 208.83, 343.30, and 536.30. The Agencies examine institutions for compliance with these legal requirements and will take appropriate action to address any violations. VerDate Nov<24>2008 16:18 Dec 15, 2009 Jkt 220001 reviews should include oversight of compensation programs to ensure that lending personnel are not improperly encouraged to direct consumers to particular products. Finally, institutions should also review consumer complaints to identify potential compliance and reputation risks. Third Party Risk Management—When making, purchasing, or servicing reverse mortgages through a third party, such as a mortgage broker or correspondent, institutions should take steps to manage the compliance and reputation risks presented by such relationships. These steps would include: (1) Conducting due diligence and establishing criteria for entering into and maintaining relationships with such third parties; (2) establishing criteria for third-party compensation that are designed to avoid providing incentives for originations inconsistent with the institution’s policies and procedures; (3) setting requirements for agreements with such third parties; (4) establishing internal procedures and systems to monitor ongoing compliance with applicable agreements, institution policies, and laws and regulations; and (5) implementing appropriate corrective actions in the event that the third party fails to comply with such agreements, policies, or laws and regulations. In addition, institutions should structure third party relationships so as not to contravene RESPA’s general prohibition against paying or receiving any fee or other thing of value in exchange for the referral of business related to a reverse mortgage transaction. Fees must be paid only for the permissible services provided by the third party, consistent with the provisions of Section 8 of RESPA. Moreover, institutions should not accept fees from any third party without providing appropriate services to warrant any such fee. Dated: December 11, 2009. Federal Financial Institutions Examination Council. Paul Sanford, Executive Secretary. [FR Doc. E9–29882 Filed 12–15–09; 8:45 am] 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 January 11, 2010. A. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice President) 2200 North Pearl Street, Dallas, Texas 752012272: 1. Bank4Texas Holdings Inc., Tomball Texas, to become a bank holding company by, acquiring 100 percent of Northern Bancshares, Inc., Chillicothe, Texas, and indirectly acquire The First National Bank of Chillicothe, Chillicothe, Texas. Board of Governors of the Federal Reserve System, December 11, 2009. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E9–29873 Filed 12–15–09; 8:45 am] BILLING CODE 6210–01–S BILLING CODE 6210–01–P FEDERAL MARITIME COMMISSION FEDERAL RESERVE SYSTEM Notice of Agreements Filed Formations of, Acquisitions by, and Mergers of Bank Holding Companies The Commission hereby gives notice of the filing of the following agreements under the Shipping Act of 1984. Interested parties may submit comments on the agreements to the Secretary, Federal Maritime Commission, Washington, DC 20573, within ten days of the date this notice appears in the 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 PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 E:\FR\FM\16DEN1.SGM 16DEN1 srobinson on DSKHWCL6B1PROD with NOTICES Federal Register / Vol. 74, No. 240 / Wednesday, December 16, 2009 / Notices Federal Register. Copies of the agreements are available through the Commission’s Web site (http:// www.fmc.gov) or by contacting the Office of Agreements at (202)–523–5793 or tradeanalysis@fmc.gov. Agreement No.: 011656–003. Title: West Coast Industrial Express Joint Service Agreement. Parties: Associated Transport Line, LC.; Industrial Maritime Carriers, LLC; and West Coast Industrial Express, LLC. Filing Party: Wade S. Hooker, Esq.; 211 Central Park W.; New York, NY 10024. Synopsis: The amendment deletes ATL Investment Ltd. as a party and revises the ownership stake of the remaining parties. Agreement No.: 011792–003. Title: NYK/WWL/CSAV South America Space Charter Agreement. Parties: Compania Sud Americana de Vapores S.A. and Nippon Yusen Kaisha. Filing Party: Patricia M. O’Neill, Esq.; NYK Line (North America) Inc.; 300 Lighting Way, 5th Floor; Secaucus, NJ 07094. Synopsis: The amendment authorizes CSAV to charter space to NYK to RORO vessels to each other in the trade between the U.S. East coast and South America. Agreement No.: 012032–003. Title: CMA CGM/MSC/Maersk Line North and Central China-U.S. Pacific Coast Two-Loop Space Charter, Sailing and Cooperative Working Agreement. Parties: A.P. Moller-Maersk A/S, CMA CGM S.A., and Mediterranean Shipping Company S.A. Filing Party: Wayne R. Rohde, Esq.; Sher and Blackwell LLP; 1850 M Street, NW., Suite 900; Washington, DC 20036. Synopsis: The amendment clarifies space allocations under the agreement. Agreement No.: 201157–002. Title: USMX–ILA Master Contract between United States Maritime Alliance, Ltd. and International Longshoremen’s Association. Parties: United States Maritime Alliance, Ltd., on behalf of Management, and the International Longshoremen’s Association, AFL–CIO. Filing Parties: William M. Spelman, Esq.; The Lambos Firm; 29 Broadway, 9th Floor; New York, NY 10006 and Andre Mazzola, Esq.; Marrinan & Mazzola Mardon, P.C.; 26 Broadway, 17th Floor; New York, NY 10004. Synopsis: The amendment extends the terms and conditions of USMX–ILA Master Contract to September 30, 2012, and revises the tonnage assessments under the contract. Dated: December 11, 2009. VerDate Nov<24>2008 16:18 Dec 15, 2009 Jkt 220001 By Order of the Federal Maritime Commission. Karen V. Gregory, Secretary. [FR Doc. E9–29936 Filed 12–15–09; 8:45 am] BILLING CODE 6730–01–P GENERAL SERVICES ADMINISTRATION [OMB Control No. 3090–0285] Agency Information Collection Activities; Submission for OMB Review; USASpending/IT Dashboard Feedback Mechanisms Information Collection AGENCY: Interagency Policy and Management Division, Office of Governmentwide Policy, U.S. General Services Administration (GSA). ACTION: Notice of request for comments regarding a new OMB clearance. SUMMARY: In compliance with the Paperwork Reduction Act (PRA) (44 U.S.C. 3501 et seq.), this document announces that GSA is planning to submit a request to replace an emergency Information Collection Request (ICR) to the Office of Management and Budget (OMB). Before submitting this ICR to OMB for review and approval, GSA is soliciting comments on specific aspects of the proposed information collection as described below. A request for public comments was published in the Federal Register at 74 FR 45452, on September 2, 2009. No comments were received. DATES: Submit comments on or before January 15, 2010. ADDRESSES: Submit comments including suggestions for reducing this burden to: FAR Desk Officer, OMB, Room 10102, NEOB, Washington, DC 20503, and a copy to the General Services Administration, Regulatory Secretariat (MVPR), 1800 F Street, NW., Room 4041, Washington, DC 20405. Please cite OMB Control No. 3090–0285, USASpending/IT Dashboard Feedback Mechanisms Information Collection, in all the correspondence. FOR FURTHER INFORMATION CONTACT: Lalit Bajaj, Interagency Policy and Management Division, Office of Governmentwide Policy, General Services Administration, 1800 F Street NW., Room 2227, Washington, DC 20405–0001; telephone number: 202– 208–7887; fax number: 202–501–3136; or e-mail address: lalit.bajaj@gsa.gov. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 66661 What Information Is GSA Particularly Interested In? Pursuant to section 3506(c)(2)(A) of the PRA, GSA specifically solicits comments and information to enable it to: (i) Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the Agency, including whether the information will have practical utility; (ii) Evaluate the accuracy of the Agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; (iii) Enhance the quality, utility, and clarity of the information to be collected; and (iv) Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. In particular, GSA is requesting comments from very small businesses (those that employ less than 25) on examples of specific additional efforts that GSA could make to reduce the paperwork burden for very small businesses affected by this collection. What Should I Consider When I Prepare My Comments for GSA? You may find the following suggestions helpful for preparing your comments. 1. Explain your views as clearly as possible and provide specific examples. 2. Describe any assumptions that you used. 3. Provide copies of any technical information and/or data you used that support your views. 4. If you estimate potential burden or costs, explain how you arrived at the estimate that you provide. 5. Offer alternative ways to improve the collection activity. 6. Make sure to submit your comments by the deadline identified under DATES. 7. To ensure proper receipt by GSA, be sure to identify the ICR title on the first page of your response. You may also provide the Federal Register citation. What Information Collection Activity or ICR Does This Apply To? Title: USA Spending/IT Dashboard Feedback Mechanisms Information Collection. OMB Control Number: 3090–0285. E:\FR\FM\16DEN1.SGM 16DEN1

Agencies

[Federal Register Volume 74, Number 240 (Wednesday, December 16, 2009)]
[Notices]
[Pages 66660-66661]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-29936]


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FEDERAL MARITIME COMMISSION


Notice of Agreements Filed

    The Commission hereby gives notice of the filing of the following 
agreements under the Shipping Act of 1984. Interested parties may 
submit comments on the agreements to the Secretary, Federal Maritime 
Commission, Washington, DC 20573, within ten days of the date this 
notice appears in the

[[Page 66661]]

Federal Register. Copies of the agreements are available through the 
Commission's Web site (http://www.fmc.gov) or by contacting the Office 
of Agreements at (202)-523-5793 or tradeanalysis@fmc.gov.

    Agreement No.: 011656-003.
    Title: West Coast Industrial Express Joint Service Agreement.
    Parties: Associated Transport Line, LC.; Industrial Maritime 
Carriers, LLC; and West Coast Industrial Express, LLC.
    Filing Party: Wade S. Hooker, Esq.; 211 Central Park W.; New York, 
NY 10024.
    Synopsis: The amendment deletes ATL Investment Ltd. as a party and 
revises the ownership stake of the remaining parties.

    Agreement No.: 011792-003.
    Title: NYK/WWL/CSAV South America Space Charter Agreement.
    Parties: Compania Sud Americana de Vapores S.A. and Nippon Yusen 
Kaisha.
    Filing Party: Patricia M. O'Neill, Esq.; NYK Line (North America) 
Inc.; 300 Lighting Way, 5th Floor; Secaucus, NJ 07094.
    Synopsis: The amendment authorizes CSAV to charter space to NYK to 
RORO vessels to each other in the trade between the U.S. East coast and 
South America.

    Agreement No.: 012032-003.
    Title: CMA CGM/MSC/Maersk Line North and Central China-U.S. Pacific 
Coast Two-Loop Space Charter, Sailing and Cooperative Working 
Agreement.
    Parties: A.P. Moller-Maersk A/S, CMA CGM S.A., and Mediterranean 
Shipping Company S.A.
    Filing Party: Wayne R. Rohde, Esq.; Sher and Blackwell LLP; 1850 M 
Street, NW., Suite 900; Washington, DC 20036.
    Synopsis: The amendment clarifies space allocations under the 
agreement.

    Agreement No.: 201157-002.
    Title: USMX-ILA Master Contract between United States Maritime 
Alliance, Ltd. and International Longshoremen's Association.
    Parties: United States Maritime Alliance, Ltd., on behalf of 
Management, and the International Longshoremen's Association, AFL-CIO.
    Filing Parties: William M. Spelman, Esq.; The Lambos Firm; 29 
Broadway, 9th Floor; New York, NY 10006 and Andre Mazzola, Esq.; 
Marrinan & Mazzola Mardon, P.C.; 26 Broadway, 17th Floor; New York, NY 
10004.
    Synopsis: The amendment extends the terms and conditions of USMX-
ILA Master Contract to September 30, 2012, and revises the tonnage 
assessments under the contract.

    Dated: December 11, 2009.

    By Order of the Federal Maritime Commission.
Karen V. Gregory,
Secretary.
[FR Doc. E9-29936 Filed 12-15-09; 8:45 am]
BILLING CODE 6730-01-P