Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 15708-15709 [2010-6949]

Download as PDF 15708 Federal Register / Vol. 75, No. 60 / Tuesday, March 30, 2010 / Notices Docket No. OA08–104, Southwest Power Pool, Inc. Docket No. ER10–664, Southwest Power Pool, Inc. Docket No. ER10–678, Southwest Power Pool, Inc. Docket No. ER10–680, Southwest Power Pool, Inc. Docket No. ER10–681, Southwest Power Pool, Inc. Docket No. ER10–692, Southwest Power Pool, Inc. Docket No. ER10–693, Southwest Power Pool, Inc. Docket No. ER10–694, Southwest Power Pool, Inc. Docket No. ER10–696, Southwest Power Pool, Inc. Docket No. ER10–697, Southwest Power Pool, Inc. Docket No. ER10–698, Southwest Power Pool, Inc. Docket No. ER10–700, Southwest Power Pool, Inc. Docket No. ER10–738, Southwest Power Pool, Inc. Docket No. ER10–739, Southwest Power Pool, Inc. Docket No. ER10–754, Southwest Power Pool, Inc. Docket No. ER10–760, Southwest Power Pool, Inc. Docket No. ER10–761, Southwest Power Pool, Inc. Docket No. ER10–762, Southwest Power Pool, Inc. Docket No. ER10–773, Southwest Power Pool, Inc. Docket No. ER10–795, Southwest Power Pool, Inc. These meetings are open to the public. For more information, contact Patrick Clarey, Office of Energy Market Regulation, Federal Energy Regulatory Commission at (317) 249–5937 or patrick.clarey@ferc.gov. Kimberly D. Bose, Secretary. [FR Doc. 2010–6980 Filed 3–29–10; 8:45 am] BILLING CODE 6717–01–P FEDERAL RESERVE SYSTEM jlentini on DSKJ8SOYB1PROD with NOTICES 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 VerDate Nov<24>2008 16:22 Mar 29, 2010 Jkt 220001 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 instruments 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 implementation of the following survey: Report title: Senior Credit Officer Opinion Survey on Dealer Financing Terms. Agency form number: FR 2034. OMB control number: 7100– to be assigned. Frequency: Up to six times a year. Reporters: U.S. banking institutions and U.S. branches and agencies of foreign banks. Estimated annual reporting hours: 450 hours. Estimated average hours per response: 3 hours. Number of respondents: 25. General description of report: This information collection will be voluntary (12 U.S.C. 225a, 248(a)(2), 1844(c), and 3105(c)(2)) and will be given confidential treatment (5 U.S.C. 552(b)(4)). Abstract: This voluntary survey will be conducted with a senior credit officer at each respondent financial institution up to six times a year. The reporting panel consists of up to 25 U.S. banking institutions and U.S. branches and agencies of foreign banks, the majority of which are affiliated with a Primary Government Securities Dealer.1 The purpose of the survey is to provide qualitative and limited quantitative information on (1) stringency of credit 1 A list of the current Primary Dealers in Government Securities is available at http:// www.newyorkfed.org/markets/ pridealers_current.html. PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 terms, (2) credit availability and demand across the entire range of securities financing and over-thecounter derivatives transactions, and (3) the evolution of market conditions and conventions applicable to such activities. The FR 2034 survey is significantly modeled after the longestablished Senior Loan Officer Opinion Survey (FR 2018; OMB No. 7100–0058), which provides qualitative information on changes in the supply of, and demand for, bank loans to businesses and households. A portion of the questions in each administration of the FR 2034 survey will typically cover special topics of timely interest; however, the survey form also includes 47 core questions. Although the Federal Reserve seeks the authority to conduct the survey up to six times a year, the survey is expected to be conducted only four times a year consistent with the FR 2018. Consistent with the FR 2018, other types of respondents, such as other depository institutions, bank holding companies, or other financial entities, may be surveyed if appropriate. The respondents’ answers are intended to provide information critical to the Federal Reserve’s monitoring of credit markets and capital market activity. As is currently the case with FR 2018, aggregate results from this survey are expected to be made available to the public on the Federal Reserve Board website. Selected aggregate information from the surveys may also be published annually in Federal Reserve Bulletin articles and in the Monetary Policy Report to the Congress. Current Actions: On December 15, 2009, the Federal Reserve published a notice in the Federal Register (74 FR 66359) requesting public comment for 60 days on implementation of the FR 2034 survey. The comment period for this notice expired on February 16, 2010. The Federal Reserve received one comment letter on this proposal. Summary of Comments The comment letter was based on a series of informal discussions in early January 2010 between Federal Reserve staff and several dealer firms which are potential respondents to the new survey. These discussions helped the Federal Reserve to assess the clarity, utility, and burden of the FR 2034 survey, and led to changes to the content of the survey and formulation of particular questions as described below: Increased focus on the maturity of trades was suggested, as this is an important dimension on which the stringency of credit terms is routinely adjusted, as was the inclusion of E:\FR\FM\30MRN1.SGM 30MRN1 Federal Register / Vol. 75, No. 60 / Tuesday, March 30, 2010 / Notices questions relating to certain other instruments such as stock loan and total return swaps. Market participants suggested additional attention should be accorded to the volume of disputes with clients and the degree to which clients seek through negotiation to elicit more favorable terms. Feedback from these discussions also led to the elimination or consolidation of questions regarding the credit terms applicable to other dealers, or to the funding of Treasury securities, as these terms do not vary markedly across the normal credit cycle. Adoption of a more granular classification of ‘‘clients by type’’ was recommended in order to draw a clearer distinction between hedge funds and other types of institutional investors, such as insurance companies and pension funds. Finally, in several instances alternate language was suggested, including (1) using the term vendor financing to describe a situation where a dealer provides more favorable terms for funding securities in which it has played an underwriting role and (2) eliminating words in one possible response (to a survey question) that might be construed as reflecting adversely on a dealer’s own access to funding. Board of Governors of the Federal Reserve System, March 24, 2010. Jennifer J. Johnson, Secretary of the Board. [FR Doc. 2010–6949 Filed 3–29–10; 8:45 am] 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 April 23, 2010. A. Federal Reserve Bank of Atlanta (Clifford Stanford, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309: 1. SmartFinancial, Inc., Pigeon Forge, Tennessee; to become a bank holding company by acquiring 100 percent of the outstanding shares of SmartBank, Pigeon Forge, Tennessee. Board of Governors of the Federal Reserve System, March 25, 2010. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2010–7017 Filed 3–29–10; 8:45 am] BILLING CODE 6210–01–S DEPARTMENT OF HEALTH AND HUMAN SERVICES FEDERAL RESERVE SYSTEM Centers for Disease Control and Prevention Formations of, Acquisitions by, and Mergers of Bank Holding Companies jlentini on DSKJ8SOYB1PROD with NOTICES BILLING CODE 6210–01–P [30Day–10–0217] 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 applications also will be available for inspection at the offices of the Board of Governors. Interested VerDate Nov<24>2008 16:22 Mar 29, 2010 Jkt 220001 Agency Forms Undergoing Paperwork Reduction Act Review The Centers for Disease Control and Prevention (CDC) publishes a list of information collection requests under review by the Office of Management and Budget (OMB) in compliance with the Paperwork Reduction Act (44 U.S.C. Chapter 35). To request a copy of these requests, call the CDC Reports Clearance Officer at (404) 639–5960 or send an e-mail to omb@cdc.gov. Send written comments to CDC Desk Officer, Office of Management and Budget, Washington, DC 20503 or by fax to (202) 395–5806. Written comments should be received within 30 days of this notice. Proposed Project Vital Statistics Training Application (OMB No. 0920–0217 exp. 7/31/2010)— PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 15709 Extension—National Center for Health Statistics (NCHS), Centers for Disease Control and Prevention (CDC). Background and Brief Description In the United States, legal authority for the registration of vital events, i.e., births, deaths, marriages, divorces, fetal deaths, and induced terminations of pregnancy, resides individually with the States (as well as cities in the case of New York City and Washington, DC) and Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands. These governmental entities are the full legal proprietors of vital records and the information contained therein. As a result of this State authority, the collection of registration-based vital statistics at the national level, referred to as the U.S. National Vital Statistics System (NVSS), depends on a cooperative relationship between the States and the Federal government. This data collection, authorized by 42 U.S.C. 242k, has been carried out by NCHS since it was created in 1960. NCHS assists in achieving the comparability needed for combining data from all States into national statistics, by conducting a training program for State and local vital statistics staff to assist in developing expertise in all aspects of vital registration and vital statistics. The training offered under this program includes courses for registration staff, statisticians, and coding specialists, all designed to bring about a high degree of uniformity and quality in the data provided by the States. This training program is authorized by 42 U.S.C. 242b, section 304(a). In order to offer the types of training that would be most useful to vital registration staff members, NCHS requests information from State and local vital registration officials about their projected needs for training. NCHS also asks individual candidates for training to submit an application form containing name, address, occupation, work experience, education, and previous training. These data enable NCHS to determine those individuals whose needs can best be met through the available training resources. NCHS is requesting 3 years of OMB clearance for this project. There is no cost to respondents in providing these data other than their time. The total estimated annualized burden hours are 44. E:\FR\FM\30MRN1.SGM 30MRN1

Agencies

[Federal Register Volume 75, Number 60 (Tuesday, March 30, 2010)]
[Notices]
[Pages 15708-15709]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-6949]


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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 
instruments 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 implementation 
of the following survey:
    Report title: Senior Credit Officer Opinion Survey on Dealer 
Financing Terms.
    Agency form number: FR 2034.
    OMB control number: 7100- to be assigned.
    Frequency: Up to six times a year.
    Reporters: U.S. banking institutions and U.S. branches and agencies 
of foreign banks.
    Estimated annual reporting hours: 450 hours.
    Estimated average hours per response: 3 hours.
    Number of respondents: 25.
    General description of report: This information collection will be 
voluntary (12 U.S.C. 225a, 248(a)(2), 1844(c), and 3105(c)(2)) and will 
be given confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: This voluntary survey will be conducted with a senior 
credit officer at each respondent financial institution up to six times 
a year. The reporting panel consists of up to 25 U.S. banking 
institutions and U.S. branches and agencies of foreign banks, the 
majority of which are affiliated with a Primary Government Securities 
Dealer.\1\ The purpose of the survey is to provide qualitative and 
limited quantitative information on (1) stringency of credit terms, (2) 
credit availability and demand across the entire range of securities 
financing and over-the-counter derivatives transactions, and (3) the 
evolution of market conditions and conventions applicable to such 
activities. The FR 2034 survey is significantly modeled after the long-
established Senior Loan Officer Opinion Survey (FR 2018; OMB No. 7100-
0058), which provides qualitative information on changes in the supply 
of, and demand for, bank loans to businesses and households. A portion 
of the questions in each administration of the FR 2034 survey will 
typically cover special topics of timely interest; however, the survey 
form also includes 47 core questions.
---------------------------------------------------------------------------

    \1\ A list of the current Primary Dealers in Government 
Securities is available at http://www.newyorkfed.org/markets/pridealers_current.html.
---------------------------------------------------------------------------

    Although the Federal Reserve seeks the authority to conduct the 
survey up to six times a year, the survey is expected to be conducted 
only four times a year consistent with the FR 2018. Consistent with the 
FR 2018, other types of respondents, such as other depository 
institutions, bank holding companies, or other financial entities, may 
be surveyed if appropriate.
    The respondents' answers are intended to provide information 
critical to the Federal Reserve's monitoring of credit markets and 
capital market activity. As is currently the case with FR 2018, 
aggregate results from this survey are expected to be made available to 
the public on the Federal Reserve Board website. Selected aggregate 
information from the surveys may also be published annually in Federal 
Reserve Bulletin articles and in the Monetary Policy Report to the 
Congress.
    Current Actions: On December 15, 2009, the Federal Reserve 
published a notice in the Federal Register (74 FR 66359) requesting 
public comment for 60 days on implementation of the FR 2034 survey. The 
comment period for this notice expired on February 16, 2010. The 
Federal Reserve received one comment letter on this proposal.

Summary of Comments

    The comment letter was based on a series of informal discussions in 
early January 2010 between Federal Reserve staff and several dealer 
firms which are potential respondents to the new survey. These 
discussions helped the Federal Reserve to assess the clarity, utility, 
and burden of the FR 2034 survey, and led to changes to the content of 
the survey and formulation of particular questions as described below:
    Increased focus on the maturity of trades was suggested, as this is 
an important dimension on which the stringency of credit terms is 
routinely adjusted, as was the inclusion of

[[Page 15709]]

questions relating to certain other instruments such as stock loan and 
total return swaps. Market participants suggested additional attention 
should be accorded to the volume of disputes with clients and the 
degree to which clients seek through negotiation to elicit more 
favorable terms.
    Feedback from these discussions also led to the elimination or 
consolidation of questions regarding the credit terms applicable to 
other dealers, or to the funding of Treasury securities, as these terms 
do not vary markedly across the normal credit cycle.
    Adoption of a more granular classification of ``clients by type'' 
was recommended in order to draw a clearer distinction between hedge 
funds and other types of institutional investors, such as insurance 
companies and pension funds. Finally, in several instances alternate 
language was suggested, including (1) using the term vendor financing 
to describe a situation where a dealer provides more favorable terms 
for funding securities in which it has played an underwriting role and 
(2) eliminating words in one possible response (to a survey question) 
that might be construed as reflecting adversely on a dealer's own 
access to funding.

    Board of Governors of the Federal Reserve System, March 24, 
2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-6949 Filed 3-29-10; 8:45 am]
BILLING CODE 6210-01-P