Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 59263-59264 [2010-24060]

Download as PDF Federal Register / Vol. 75, No. 186 / Monday, September 27, 2010 / Notices V. What is the Next Step in the Process for this ICR? EPA will consider the comments received and amend the ICR as appropriate. The final ICR package will then be submitted to OMB for review and approval pursuant to 5 CFR 1320.12. EPA will issue another Federal Register notice pursuant to 5 CFR 1320.5(a)(1)(iv) to announce the submission of the ICR to OMB and the opportunity to submit additional comments to OMB. If you have any questions about this ICR or the approval process, please contact the technical person listed under FOR FURTHER INFORMATION CONTACT. List of Subjects Environmental protection, Reporting and recordkeeping requirements. Dated: September 20, 2010. Stephen A. Owens, Assistant Administrator, Office of Chemical Safety and Pollution Prevention. [FR Doc. 2010–24133 Filed 9–24–10; 8:45 am] BILLING CODE 6560–50–S FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewal; Comment Request Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comments concerning the collection of information titled: Interagency Guidance on Sound Incentive Compensation Practices. (3064–0175). DATES: Comments must be submitted on or before November 26, 2010. ADDRESSES: Interested parties are invited to submit written comments. All comments should refer to the name and number of the collection. Comments may be submitted by any of the following methods: • https://www.FDIC.gov/regulations/ laws/federal/notices.html. • E-mail: comments@fdic.gov. • Mail: Gary A. Kuiper (202.898.3877), Federal Deposit srobinson on DSKHWCL6B1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:01 Sep 24, 2010 Jkt 220001 Insurance Corporation, 550 17th Street, NW., F–1086, Washington, DC 20429. • Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the 550 17th Street Building (located on F Street), on business days between 7 a.m. and 5 p.m. A copy of the comments may also be submitted to the OMB Desk Officer for the FDIC, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper (address above). SUPPLEMENTARY INFORMATION: The FDIC is proposing to renew, without change, the following information collection. Title: Interagency Guidance on Sound Incentive Compensation Practices. OMB Number: 3064–0175. Form Number: None. Frequency of Response: Implementation: Once. Maintenance: Annual. Affected Public: Insured state nonmember banks. Estimated Number of Responses: Implementation: Large Banks: 20. Small Banks: 4870. Maintenance: All Banks: 4890. Estimated Time per Response: Implementation: Large Banks: 480 hours. Small Banks: 80 hours. Maintenance: Large Banks: 40 hours. Small Banks: 40 hours. Total Annual Burden: Large Banks: 20 × 480 + 20 × 40 = 10,400 hours. Small Banks: 4870 × 80 + 4870 × 40 = 389,600 hours. Total: 594,800 hours (399,200 hours for implementing policies and procedures is a one-time burden). General Description of Collection: The Guidance would help ensure that incentive compensation policies at insured state non-member banks do not encourage excessive risk-taking and are consistent with the safety and soundness of the organization. Under the Guidance, banks would be required to: (i) Have policies and procedures that identify and describe the role(s) of the personnel and units authorized to be involved in incentive compensation arrangements, identify the source of significant risk-related inputs, establish appropriate controls governing these inputs to help ensure their integrity, and identify the individual(s) and unit(s) whose approval is necessary for the PO 00000 Frm 00058 Fmt 4703 Sfmt 4703 59263 establishment or modification of incentive compensation arrangements; (ii) create and maintain sufficient documentation to permit an audit of the organization’s processes for incentive compensation arrangements; (iii) have any material exceptions or adjustments to the incentive compensation arrangements established for senior executives approved and documented by its board of directors; and (iv) have its board of directors receive and review, on an annual or more frequent basis, an assessment by management of the effectiveness of the design and operation of the organization’s incentive compensation system in providing risktaking incentives that are consistent with the organization’s safety and soundness. Request for Comment Comments are invited on: (a) Whether this collection of information is necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimate of the burden of the information collection, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the collection should be modified prior to submission to OMB for review and approval. Comments submitted in response to this notice also will be summarized or included in the FDIC’s request to OMB for renewal of this collection. All comments will become a matter of public record. Dated at Washington, DC, this 22nd day of September, 2010. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2010–24151 Filed 9–24–10; 8:45 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB SUMMARY: E:\FR\FM\27SEN1.SGM 27SEN1 59264 Federal Register / Vol. 75, No. 186 / Monday, September 27, 2010 / Notices srobinson on DSKHWCL6B1PROD with NOTICES 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 (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 report: Report title: Recordkeeping and Disclosure Requirements Associated with Securities Transactions Pursuant to Regulation H. Agency form number: Reg H–3. OMB control number: 7100–0196. Frequency: On occasion. Reporters: State member banks. Estimated annual reporting hours: 97,279 hours. Estimated average hours per response: State member banks (de novo): recordkeeping, 40 hours. State member banks with trust departments: recordkeeping, 2 hours; disclosure, 16 hours. State member banks without trust departments: recordkeeping, 15 minutes; disclosure, 5 hours. Number of respondents: 3 new state member banks (de novo), 224 state member banks with trust departments and state member trust companies, and 621 state member banks without trust departments. General description of report: This information collection is mandatory pursuant the Federal Deposit Insurance VerDate Mar<15>2010 17:01 Sep 24, 2010 Jkt 220001 Corporation Act (12 U.S.C. 325), which authorizes the Federal Reserve to require recordkeeping, disclosure and policy establishment requirements associated with Sections 208.34(c), (d), and (g) of Regulation H, and 15 U.S.C. 78w. If the records maintained by state member banks come into the possession of the Federal Reserve, they are given confidential treatment (5 U.S.C. 552(b)(4), (b)(6), and (b)(8)) under the Freedom of Information Act. Abstract: The Federal Reserve’s Regulation H requires state member banks to maintain records for three years following a securities transaction. These requirements are necessary to protect the customer, to avoid or settle customer disputes, and to protect the institution against potential liability arising under the anti-fraud and insider trading provisions of the Securities Exchange Act of 1934. Current Actions: On July 8, 2010, the Federal Reserve published a notice in the Federal Register (75 FR 39258) seeking public comment for 60 days on the extension, without revision, of the Recordkeeping and Disclosure Requirements Associated with Securities Transactions Pursuant to Regulation H. The comment period for this notice expired on September 7, 2010. The Federal Reserve did not receive any comments. Dated: Board of Governors of the Federal Reserve System, September 21, 2010. Jennifer J. Johnson, Secretary of the Board.. [FR Doc. 2010–24060 Filed 9–24–10; 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 October 22, 2010. A. Federal Reserve Bank of Boston (Richard Walker, Community Affairs Officer) P.O. Box 55882, Boston, Massachusetts 02106–2204: 1. Rockville Financial, Rockville, Connecticut; to become a bank holding company by acquiring 100 percent of the voting shares of Rockville Bank, Rockville, Connecticut, in connection with the reorganization of Rockville Financial, MHC, Rockville, Connecticut, from mutual to stock form. Board of Governors of the Federal Reserve System, September 22, 2010. Margaret McCloskey Shanks, Associate Secretary of the Board. [FR Doc. 2010–24150 Filed 9–24–10; 8:45 am] BILLING CODE 6210–01–S BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM DEPARTMENT OF HEALTH AND HUMAN SERVICES Formations of, Acquisitions by, and Mergers of Bank Holding Companies Secretary’s Advisory Committee on Human Research Protections 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 AGENCY: PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 Department of Health and Human Services, Office of the Secretary, Office of the Assistant Secretary for Health. ACTION: Notice. Pursuant to Section 10(a) of the Federal Advisory Committee Act, U.S.C. Appendix 2, notice is hereby given that the Secretary’s Advisory Committee on Human Research Protections (SACHRP) will hold its twenty-fourth meeting. The meeting will be open to the public. Information about SACHRP and the meeting agenda will be posted on the SACHRP Web site at: https://www.hhs.gov/ohrp/sachrp/ index.html. SUMMARY: The meeting will be held on Tuesday, October 19, 2010, from 8:30 a.m. until 5:15 p.m. and Wednesday, DATES: E:\FR\FM\27SEN1.SGM 27SEN1

Agencies

FEDERAL RESERVE SYSTEM

[Federal Register Volume 75, Number 186 (Monday, September 27, 2010)]
[Notices]
[Pages 59263-59264]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-24060]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

SUMMARY:

[[Page 59264]]

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 (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 report:
    Report title: Recordkeeping and Disclosure Requirements Associated 
with Securities Transactions Pursuant to Regulation H.
    Agency form number: Reg H-3.
    OMB control number: 7100-0196.
    Frequency: On occasion.
    Reporters: State member banks.
    Estimated annual reporting hours: 97,279 hours.
    Estimated average hours per response: State member banks (de novo): 
recordkeeping, 40 hours. State member banks with trust departments: 
recordkeeping, 2 hours; disclosure, 16 hours. State member banks 
without trust departments: recordkeeping, 15 minutes; disclosure, 5 
hours.
    Number of respondents: 3 new state member banks (de novo), 224 
state member banks with trust departments and state member trust 
companies, and 621 state member banks without trust departments.
    General description of report: This information collection is 
mandatory pursuant the Federal Deposit Insurance Corporation Act (12 
U.S.C. 325), which authorizes the Federal Reserve to require 
recordkeeping, disclosure and policy establishment requirements 
associated with Sections 208.34(c), (d), and (g) of Regulation H, and 
15 U.S.C. 78w. If the records maintained by state member banks come 
into the possession of the Federal Reserve, they are given confidential 
treatment (5 U.S.C. 552(b)(4), (b)(6), and (b)(8)) under the Freedom of 
Information Act.
    Abstract: The Federal Reserve's Regulation H requires state member 
banks to maintain records for three years following a securities 
transaction. These requirements are necessary to protect the customer, 
to avoid or settle customer disputes, and to protect the institution 
against potential liability arising under the anti-fraud and insider 
trading provisions of the Securities Exchange Act of 1934.
    Current Actions: On July 8, 2010, the Federal Reserve published a 
notice in the Federal Register (75 FR 39258) seeking public comment for 
60 days on the extension, without revision, of the Recordkeeping and 
Disclosure Requirements Associated with Securities Transactions 
Pursuant to Regulation H. The comment period for this notice expired on 
September 7, 2010. The Federal Reserve did not receive any comments.

    Dated: Board of Governors of the Federal Reserve System, 
September 21, 2010.
Jennifer J. Johnson,
Secretary of the Board..
[FR Doc. 2010-24060 Filed 9-24-10; 8:45 am]
BILLING CODE 6210-01-P

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