Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 55580-55582 [2010-22676]
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Federal Register / Vol. 75, No. 176 / Monday, September 13, 2010 / Notices
made available on the Federal Reserve
Board’s public Web site at: https://
www.federalreserve.gov/boarddocs/
reportforms/review.cfm or may be
requested from the agency clearance
officer, whose name appears below.
Michelle Shore, Federal Reserve Board
Clearance Officer (202–452–3829),
Division of Research and Statistics,
Board of Governors of the Federal
Reserve System, Washington, DC 20551.
Telecommunications Device for the Deaf
(TDD) users may contact (202) 263–
4869, Board of Governors of the Federal
Reserve System, Washington, DC 20551.
Proposal to approve under OMB
delegated authority the extension for
three years, with revision, of the
following report:
Report title: Domestic Finance
Company Report of Consolidated Assets
and Liabilities.
Agency form number: FR 2248.
OMB control number: 7100–0005.
Frequency: Monthly, Quarterly, and
Semi-annually.
Reporters: Domestic finance
companies and mortgage companies.
Estimated annual reporting hours:
350 hours.
Estimated average hours per response:
Monthly, 20 minutes; Quarterly, 30
minutes; Semi-annually, 10 minutes.
Number of respondents: 70.
General description of report: This
information collection is authorized
pursuant the Federal Reserve Act (12
U.S.C. 225(a)). Obligation to respond to
this information collection is voluntary.
Individual respondent data are
confidential under section (b)(4) of the
Freedom of Information Act (5 U.S.C.
552).
Abstract: The FR 2248 is collected
monthly as of the last calendar day of
the month from a stratified sample of
finance companies. Each monthly report
collects balance sheet data on major
categories of consumer and business
credit receivables and on major shortterm liabilities. For quarter-end months
(March, June, September, and
December), additional asset and liability
items are collected to provide a full
balance sheet. A supplemental section
collects data on securitized assets. The
data are used to construct universe
estimates of finance company holdings,
which are published in the monthly
statistical releases Finance Companies
(G.20) and Consumer Credit (G.19), in
the quarterly statistical release Flow of
Funds Accounts of the United States
(Z.1), and in the Federal Reserve
Bulletin (Tables 1.51, 1.52, and 1.55).
Current Actions: The Federal Reserve
proposes to revise the FR 2248 reporting
form by: (1) Revising the reporting
frequency for the breakout of 1–4 family
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real estate loans from quarterly to
monthly, (2) adding data items in the
liability and equity capital section of the
report, (3) reordering the asset and
liability data items from most liquid to
least liquid, (4) adding two columns to
create a clearer distinction among broad
balance sheet data items, which are
collected quarterly, detailed loan and
lease data items, which are collected
monthly, and the off-balance-sheet
securitization data items; and (5)
deleting the supplemental data items on
the sale of receivables. The proposed
changes to the FR 2248 would be
effective with the December 31, 2010,
report date.
Proposal to approve under OMB
delegated authority the implementation
of the following report:
Report title: Survey of Finance
Companies.
Agency form number: FR 3033s.
OMB control number: 7100–0277.
Frequency: One-time.
Reporters: Finance companies and
mortgage companies.
Estimated annual reporting hours:
2,700 hours.
Estimated average hours per response:
1.5 hours.
Number of respondents: 1,800.
General description of report: This
information collection is authorized
pursuant the Federal Reserve Act (12
U.S.C. 225a, 263, and 355–59).
Obligation to respond to this
information collection is voluntary.
Individual respondent data are
confidential under section (b)(4) of the
Freedom of Information Act (5 U.S.C.
552).
Abstract: This information collection
is a two-stage survey of finance and
mortgage companies. The first stage is a
simple questionnaire (FR 3033p) that is
sent to all known domestic finance and
mortgage companies and that asks for
information about each company’s total
net assets, areas of specialization, and
other characteristics. From the
questionnaire respondents, the Federal
Reserve draws a stratified random
sample of finance and mortgage
companies for the second stage, the
survey itself (FR 3033s). The survey
requests detailed information from both
sides of the respondents’ balance sheets.
The Federal Reserve Board initiates data
collection and analysis, and staff at the
Federal Reserve Banks follow up on
data quality issues, collect data from
late FR 3033s, and resolve other
outstanding questions.
Current Actions: The first stage of this
survey, the Census of Finance
Companies (FR 3033p), was conducted
in April 2010. The FR 3033p was sent
to all companies that met the criteria
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developed to identify the potential
universe of domestic finance
companies. From the universe of
finance companies as determined by the
FR 3033p, a stratified random sample of
3,000 finance companies would be
drawn for the FR 3033s. The survey
would be sent in February 2011 and
collect detailed information, as of
December 31, 2010, from both sides of
the respondents’ balance sheets, as well
as companies’ geographic scope of
operations and servicing activities. The
data collected from this survey would
be used for two purposes: To benchmark
the consumer and business finance
series collected on the monthly
Domestic Finance Company Report of
Consolidated Assets and Liabilities (FR
2248; OMB No. 7100–0005) and to
increase the Federal Reserve’s
understanding of an important part of
the financial system.
The Federal Reserve proposes to
revise the FR 3033s by: (1) Increasing
the respondent panel size from 750 to
3,000, (2) adding a section to solicit
information on servicing activities and
geographic distribution of the
company’s activities, (3) changing the
survey title, (4) revising the reporting
form by reordering the asset and
liability data items from most liquid to
least liquid and asking for additional
detail on assets and liabilities, and (5)
adding two columns to create a clearer
distinction among the broad balance
sheet data items, detailed loan and lease
data items, and off-balance-sheet
securitization data items.
Board of Governors of the Federal Reserve
System, September 7, 2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010–22659 Filed 9–10–10; 8:45 am]
BILLING CODE 6210–01–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 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.
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Copies of the Paperwork Reduction Act
(PRA) 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
reports:
1. Report title: Surveys of Board
Publications.
Agency form number: FR 1373a,b.
OMB control number: 7100–0301.
Frequency: FR 1373a survey, one or
two times per year; FR 1373a discussion
groups, two times a year. FR 1373b
small-panel survey, two times a year; FR
1373b large-panel survey, one time per
year.
Reporters: FR 1373a—communitybased educators, key stakeholders, and
other educators who have previously
requested consumer education materials
from the Federal Reserve. FR 1373b—
current subscribers of the publications
being surveyed.
Estimated annual reporting hours: FR
1373a survey, 375 hours; FR 1373a
discussion groups, 60 hours. FR 1373b
small-panel, 6 hours; FR 1373b largepanel 32 hours.
Estimated average hours per response:
FR 1373a survey, 30 minutes; FR 1373a
discussion groups, 90 minutes. FR
1373b small-panel, 10 minutes; FR
1373b large-panel 10 minutes.
Number of respondents: FR 1373a
survey, 500; FR 1373a panel discussion,
20. FR 1373b small-panel, 20; FR 1373b
large-panel, 200.
General description of report: This
information collection is voluntary. The
FR 1373a study is authorized pursuant
to section 18(f) of the Federal Trade
Commission Improvement Act (15
U.S.C. 57a (f)). The FR 1373b study is
authorized pursuant to the Federal
Reserve Act (12 U.S.C. 248(i)). The
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specific information collected is not
considered confidential.
Abstract: The Federal Reserve uses
the FR 1373a to (1) conduct periodic
reviews and evaluations of the
consumer education materials and (2)
develop and evaluate consumer
education materials under consideration
for distribution. The FR 1373b data help
the Federal Reserve determine if it
should continue to issue certain
publications and, if so, whether the
public would like to see changes in the
method of information delivery,
frequency, content, format, or
appearance.
Current Actions: On June 25, 2010,
the Federal Reserve published a notice
in the Federal Register (75 FR 36393)
seeking public comment for 60 days on
the extension, without revision, of the
Surveys of Board Publications. The
comment period for this notice expired
on August 24, 2010. The Federal
Reserve did not receive any comments.
2. Report title: Interagency Bank
Merger Act Application.
Agency form number: FR 2070.
OMB control number: 7100–0171.
Frequency: On occasion.
Reporters: State member banks.
Estimated annual reporting hours:
Nonaffiliate Transactions, 1,470 hours;
Affiliate Transactions, 216 hours.
Estimated average hours per response:
Nonaffiliate Transactions, 30 hours;
Affiliate Transactions, 18 hours.
Number of respondents: Nonaffiliate
Transactions, 49; Affiliate Transactions,
12.
General description of report: This
information collection is mandatory.
The FR 2070 is pursuant to section 18(c)
of the Federal Deposit Insurance Act (12
U.S.C. 1828(c)) and is not given
confidential treatment. However,
applicants may request that parts of a
submitted application be kept
confidential. In such cases, the burden
is on the applicant to justify the
exemption by demonstrating that
disclosure would cause substantial
competitive harm or result in an
unwarranted invasion of personal
privacy or would otherwise qualify for
an exemption under the Freedom of
Information Act (5 U.S.C. 552(b)(4),
(b)(6)). The confidentiality status of the
information submitted will be judged on
a case-by-case basis.
Abstract: The Federal Reserve, the
Office of the Comptroller of the
Currency, the Federal Deposit Insurance
Corporation, and the Office of Thrift
Supervision each use this application
form to collect information for bank
merger proposals that require prior
approval under the Bank Merger Act.
Prior approval is required for every
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55581
merger transaction involving affiliated
or nonaffiliated institutions and must be
sought from the regulatory agency of the
depository institution that would
survive the proposed transaction. A
merger transaction may include a
merger, consolidation, assumption of
deposit liabilities, or certain assettransfers between or among two or more
institutions. The Federal Reserve
collects this information so that it may
meet its statutory obligation to evaluate
the competitive, financial, managerial,
future prospects, and convenience and
needs aspects of each state member
bank merger proposal.
Current Actions: On June 25, 2010,
the Federal Reserve published a notice
in the Federal Register (75 FR 36393)
seeking public comment for 60 days on
the extension, without revision, of the
Interagency Bank Merger Act
Application. The comment period for
this notice expired on August 24, 2010.
The Federal Reserve did not receive any
comments.
3. Report title: Interagency Notice of
Change in Control, Interagency Notice of
Change in Director or Senior Executive
Officer, and Interagency Biographical
and Financial Report.
Agency form number: FR 2081a, FR
2081b, and FR 2081c.
OMB control number: 7100–0134.
Frequency: On occasion.
Reporters: Financial institutions and
certain of their officers and
shareholders.
Annual reporting hours: FR 2081a,
3,570 hours; FR 2081b, 272 hours; FR
2081c, 3,572 hours.
Estimated average hours per response:
FR 2081a, 30 hours; FR 2081b, 2 hours;
FR 2081c, 4 hours.
Number of respondents: FR 2081a,
119; FR 2081b, 136; FR 2081c, 893.
General description of report: This
information collection is mandatory
pursuant to section 7(j) of the Federal
Deposit Insurance Act (12 U.S.C.
1817(j)) and section 914 of the Financial
Institutions Reform, Recovery, and
Enforcement Act (12 U.S.C. 1831(i)) and
is not given confidential treatment.
However, applicants may request that
parts of a submitted application be kept
confidential. In such cases, the burden
is on the applicant to justify the
exemption by demonstrating that
disclosure would cause substantial
competitive harm or result in an
unwarranted invasion of personal
privacy or would otherwise qualify for
an exemption under the Freedom of
Information Act (5 U.S.C. 552(b)(4),
(b)(6)). The confidentiality status of the
information submitted will be judged on
a case-by-case basis.
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Abstract: The information collected
assists the Federal Reserve, the Office of
the Comptroller of the Currency, the
Federal Deposit Insurance Corporation,
and the Office of Thrift Supervision in
fulfilling their statutory responsibilities
as supervisors. Each of these forms is
used to collect information in
connection with applications and
notices filed prior to proposed changes
in the ownership or management of
banking organizations. The agencies use
the information to evaluate the
controlling owners, senior officers, and
directors of the insured depository
institutions subject to their oversight.
Current Actions: On June 25, 2010,
the Federal Reserve published a notice
in the Federal Register (75 FR 36393)
seeking public comment for 60 days on
the extension, without revision, of the
FR 2081a, b, c. The comment period for
this notice expired on August 24, 2010.
The Federal Reserve did not receive any
comments.
4. Report title: Recordkeeping and
Disclosure Requirements Associated
with Regulation R.
Agency form number: FR 4025.
OMB control number: 7100–0316.
Frequency: On occasion.
Reporters: Commercial banks and
savings associations.
Estimated annual reporting hours:
Section 701, disclosures to customers—
12,500 hours; Section 701, disclosures
to brokers—375 hours; Section 723,
recordkeeping—188 hours; Section 741,
disclosures to customers—62,500 hours.
Estimated average hours per response:
Section 701, disclosures to customers—
5 minutes; Section 701, disclosures to
brokers—15 minutes; Section 723,
recordkeeping—15 minutes; Section
741, disclosures to customers—5
minutes.
Number of respondents: Section 701,
disclosures to customers—1,500;
Section 701, disclosures to brokers—
1,500; Section 723, recordkeeping—75;
Section 741, disclosures to customers—
750.
General description of report: This
information collection is required to
obtain a benefit pursuant to section
3(a)(4)(F) of the Securities Exchange Act
(15 U.S.C. 78c(a)(4)(F)) and may be
given confidential treatment under the
authority of the Freedom of Information
Act (5 U.S.C. 552(b)(4), (b)(8)).
Abstract: Regulation R implements
certain exceptions for banks from the
definition of broker under Section
3(a)(4) of the Securities Exchange Act of
1934, as amended by the Gramm-LeachBliley Act. Sections 701, 723, and 741
of Regulation R contain information
collection requirements. Section 701
requires banks that wish to utilize the
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exemption in that section to make
certain disclosures to the high net worth
customer or institutional customer. In
addition, section 701 requires banks that
wish to utilize the exemption in that
section to provide a notice to its brokerdealer partner regarding names and
other identifying information about
bank employees. Section 723 requires a
bank that chooses to rely on the
exemption in that section to exclude
certain trust or fiduciary accounts in
determining its compliance with the
chiefly compensated test in section 721
to maintain certain records relating to
the excluded accounts. Section 741
requires a bank relying on the
exemption provided by that section to
provide customers with a prospectus for
the money market fund securities, not
later than the time the customer
authorizes the bank to effect the
transaction in such securities, if the
class of series of securities are not noload.
Current Actions: On June 25, 2010,
the Federal Reserve published a notice
in the Federal Register (75 FR 36393)
seeking public comment for 60 days on
the extension, without revision, of the
FR 4025. The comment period for this
notice expired on August 24, 2010. The
Federal Reserve did not receive any
comments.
Board of Governors of the Federal Reserve
System, September 7, 2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010–22676 Filed 9–10–10; 8:45 am]
BILLING CODE P
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 28, 2010.
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A. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. David H. Duey Revocable Trust,
David H. Duey, trustee, Scottsbluff,
Nebraska; Diana Duey Strokan Trust,
Diana Duey Strokan, trustee,
Plattsmouth, Nebraska; Ann Duey
Revocable Trust, Ann Duey, trustee,
Scottsbluff, Nebraska; Sara Lierman,
Gretna, Nebraska; Laura Strickland,
Brentwood, Tennessee; Dan Duey,
Lincoln, Nebraska; Natasha Duran,
Santa Fe, New Mexico; and Nathan
Strokan, Plattsmouth, Nebraska; all
members of the Duey Family Group, to
retain control of Cass County State
Company, and thereby indirectly retain
control of Cass County Bank, Inc., both
of Plattsmouth, Nebraska.
Board of Governors of the Federal Reserve
System, September 8, 2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2010–22724 Filed 9–10–10; 8:45 am]
BILLING CODE 6210–01–S
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
National Institutes of Health Statement
of Organization, Functions, and
Delegations of Authority
Part N, National Institutes of Health,
of the Statement of Organization,
Functions, and Delegations of Authority
for the Department of Health and
Human Services (40 FR 22859, May 27,
1975, as amended most recently at 66
FR 6617, January 22, 2001, and
redesignated from Part HN as Part N at
60 FR 56605, November 9, 1995), is
amended as set forth below to rename
the National Center on Minority Health
and Health Disparities (NCMHD) as the
National Institute on Minority Health
and Health Disparities (NIMHD) and to
amend its functional statement. The
Public Health Service Act (42 U.S.C. 281
et seq.), as amended by Public Law 111–
148, § 10334(c), provides the authorities
of the Institute.
Section N–B, Organization and
Functions, under the heading National
Center on Minority Health and Health
Disparities (NCMHD) (NE, formerly
HNE), is revised as follows:
National Institute on Minority Health
and Health Disparities (NIMHD) (NE,
formerly HNE). (1) Conducts and
supports research, training, information
dissemination, and other programs
including centers of excellence, loan
repayment, research endowment, and
community-based participatory research
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]]>Agencies
[Federal Register Volume 75, Number 176 (Monday, September 13, 2010)]
[Notices]
[Pages 55580-55582]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-22676]
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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.
[[Page 55581]]
Copies of the Paperwork Reduction Act (PRA) 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 reports:
1. Report title: Surveys of Board Publications.
Agency form number: FR 1373a,b.
OMB control number: 7100-0301.
Frequency: FR 1373a survey, one or two times per year; FR 1373a
discussion groups, two times a year. FR 1373b small-panel survey, two
times a year; FR 1373b large-panel survey, one time per year.
Reporters: FR 1373a--community-based educators, key stakeholders,
and other educators who have previously requested consumer education
materials from the Federal Reserve. FR 1373b--current subscribers of
the publications being surveyed.
Estimated annual reporting hours: FR 1373a survey, 375 hours; FR
1373a discussion groups, 60 hours. FR 1373b small-panel, 6 hours; FR
1373b large-panel 32 hours.
Estimated average hours per response: FR 1373a survey, 30 minutes;
FR 1373a discussion groups, 90 minutes. FR 1373b small-panel, 10
minutes; FR 1373b large-panel 10 minutes.
Number of respondents: FR 1373a survey, 500; FR 1373a panel
discussion, 20. FR 1373b small-panel, 20; FR 1373b large-panel, 200.
General description of report: This information collection is
voluntary. The FR 1373a study is authorized pursuant to section 18(f)
of the Federal Trade Commission Improvement Act (15 U.S.C. 57a (f)).
The FR 1373b study is authorized pursuant to the Federal Reserve Act
(12 U.S.C. 248(i)). The specific information collected is not
considered confidential.
Abstract: The Federal Reserve uses the FR 1373a to (1) conduct
periodic reviews and evaluations of the consumer education materials
and (2) develop and evaluate consumer education materials under
consideration for distribution. The FR 1373b data help the Federal
Reserve determine if it should continue to issue certain publications
and, if so, whether the public would like to see changes in the method
of information delivery, frequency, content, format, or appearance.
Current Actions: On June 25, 2010, the Federal Reserve published a
notice in the Federal Register (75 FR 36393) seeking public comment for
60 days on the extension, without revision, of the Surveys of Board
Publications. The comment period for this notice expired on August 24,
2010. The Federal Reserve did not receive any comments.
2. Report title: Interagency Bank Merger Act Application.
Agency form number: FR 2070.
OMB control number: 7100-0171.
Frequency: On occasion.
Reporters: State member banks.
Estimated annual reporting hours: Nonaffiliate Transactions, 1,470
hours; Affiliate Transactions, 216 hours.
Estimated average hours per response: Nonaffiliate Transactions, 30
hours; Affiliate Transactions, 18 hours.
Number of respondents: Nonaffiliate Transactions, 49; Affiliate
Transactions, 12.
General description of report: This information collection is
mandatory. The FR 2070 is pursuant to section 18(c) of the Federal
Deposit Insurance Act (12 U.S.C. 1828(c)) and is not given confidential
treatment. However, applicants may request that parts of a submitted
application be kept confidential. In such cases, the burden is on the
applicant to justify the exemption by demonstrating that disclosure
would cause substantial competitive harm or result in an unwarranted
invasion of personal privacy or would otherwise qualify for an
exemption under the Freedom of Information Act (5 U.S.C. 552(b)(4),
(b)(6)). The confidentiality status of the information submitted will
be judged on a case-by-case basis.
Abstract: The Federal Reserve, the Office of the Comptroller of the
Currency, the Federal Deposit Insurance Corporation, and the Office of
Thrift Supervision each use this application form to collect
information for bank merger proposals that require prior approval under
the Bank Merger Act. Prior approval is required for every merger
transaction involving affiliated or nonaffiliated institutions and must
be sought from the regulatory agency of the depository institution that
would survive the proposed transaction. A merger transaction may
include a merger, consolidation, assumption of deposit liabilities, or
certain asset-transfers between or among two or more institutions. The
Federal Reserve collects this information so that it may meet its
statutory obligation to evaluate the competitive, financial,
managerial, future prospects, and convenience and needs aspects of each
state member bank merger proposal.
Current Actions: On June 25, 2010, the Federal Reserve published a
notice in the Federal Register (75 FR 36393) seeking public comment for
60 days on the extension, without revision, of the Interagency Bank
Merger Act Application. The comment period for this notice expired on
August 24, 2010. The Federal Reserve did not receive any comments.
3. Report title: Interagency Notice of Change in Control,
Interagency Notice of Change in Director or Senior Executive Officer,
and Interagency Biographical and Financial Report.
Agency form number: FR 2081a, FR 2081b, and FR 2081c.
OMB control number: 7100-0134.
Frequency: On occasion.
Reporters: Financial institutions and certain of their officers and
shareholders.
Annual reporting hours: FR 2081a, 3,570 hours; FR 2081b, 272 hours;
FR 2081c, 3,572 hours.
Estimated average hours per response: FR 2081a, 30 hours; FR 2081b,
2 hours; FR 2081c, 4 hours.
Number of respondents: FR 2081a, 119; FR 2081b, 136; FR 2081c, 893.
General description of report: This information collection is
mandatory pursuant to section 7(j) of the Federal Deposit Insurance Act
(12 U.S.C. 1817(j)) and section 914 of the Financial Institutions
Reform, Recovery, and Enforcement Act (12 U.S.C. 1831(i)) and is not
given confidential treatment. However, applicants may request that
parts of a submitted application be kept confidential. In such cases,
the burden is on the applicant to justify the exemption by
demonstrating that disclosure would cause substantial competitive harm
or result in an unwarranted invasion of personal privacy or would
otherwise qualify for an exemption under the Freedom of Information Act
(5 U.S.C. 552(b)(4), (b)(6)). The confidentiality status of the
information submitted will be judged on a case-by-case basis.
[[Page 55582]]
Abstract: The information collected assists the Federal Reserve,
the Office of the Comptroller of the Currency, the Federal Deposit
Insurance Corporation, and the Office of Thrift Supervision in
fulfilling their statutory responsibilities as supervisors. Each of
these forms is used to collect information in connection with
applications and notices filed prior to proposed changes in the
ownership or management of banking organizations. The agencies use the
information to evaluate the controlling owners, senior officers, and
directors of the insured depository institutions subject to their
oversight.
Current Actions: On June 25, 2010, the Federal Reserve published a
notice in the Federal Register (75 FR 36393) seeking public comment for
60 days on the extension, without revision, of the FR 2081a, b, c. The
comment period for this notice expired on August 24, 2010. The Federal
Reserve did not receive any comments.
4. Report title: Recordkeeping and Disclosure Requirements
Associated with Regulation R.
Agency form number: FR 4025.
OMB control number: 7100-0316.
Frequency: On occasion.
Reporters: Commercial banks and savings associations.
Estimated annual reporting hours: Section 701, disclosures to
customers--12,500 hours; Section 701, disclosures to brokers--375
hours; Section 723, recordkeeping--188 hours; Section 741, disclosures
to customers--62,500 hours.
Estimated average hours per response: Section 701, disclosures to
customers--5 minutes; Section 701, disclosures to brokers--15 minutes;
Section 723, recordkeeping--15 minutes; Section 741, disclosures to
customers--5 minutes.
Number of respondents: Section 701, disclosures to customers--
1,500; Section 701, disclosures to brokers--1,500; Section 723,
recordkeeping--75; Section 741, disclosures to customers--750.
General description of report: This information collection is
required to obtain a benefit pursuant to section 3(a)(4)(F) of the
Securities Exchange Act (15 U.S.C. 78c(a)(4)(F)) and may be given
confidential treatment under the authority of the Freedom of
Information Act (5 U.S.C. 552(b)(4), (b)(8)).
Abstract: Regulation R implements certain exceptions for banks from
the definition of broker under Section 3(a)(4) of the Securities
Exchange Act of 1934, as amended by the Gramm-Leach-Bliley Act.
Sections 701, 723, and 741 of Regulation R contain information
collection requirements. Section 701 requires banks that wish to
utilize the exemption in that section to make certain disclosures to
the high net worth customer or institutional customer. In addition,
section 701 requires banks that wish to utilize the exemption in that
section to provide a notice to its broker-dealer partner regarding
names and other identifying information about bank employees. Section
723 requires a bank that chooses to rely on the exemption in that
section to exclude certain trust or fiduciary accounts in determining
its compliance with the chiefly compensated test in section 721 to
maintain certain records relating to the excluded accounts. Section 741
requires a bank relying on the exemption provided by that section to
provide customers with a prospectus for the money market fund
securities, not later than the time the customer authorizes the bank to
effect the transaction in such securities, if the class of series of
securities are not no-load.
Current Actions: On June 25, 2010, the Federal Reserve published a
notice in the Federal Register (75 FR 36393) seeking public comment for
60 days on the extension, without revision, of the FR 4025. The comment
period for this notice expired on August 24, 2010. The Federal Reserve
did not receive any comments.
Board of Governors of the Federal Reserve System, September 7,
2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-22676 Filed 9-10-10; 8:45 am]
BILLING CODE P
