Proposed Agency Information Collection Activities; Comment Request, 63181-63183 [2010-25867]

Download as PDF Federal Register / Vol. 75, No. 198 / Thursday, October 14, 2010 / Notices Description of Affected Public: State and local governments excluding elementary and secondary public school districts. Number of Responses: 13,456. Reporting Hours: 44,719. Cost to Respondents: $1,045,000. Number of Forms: 1. Form Number: EEOC Form 164. Federal Cost: $187,500. Abstract: Section 709(c) of Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. 2000e–8(c), requires employers to make and keep records relevant to a determination of whether unlawful employment practices have been or are being committed, to preserve such records, and to produce reports as the Commission prescribes by regulation or order. Accordingly, the EEOC issued regulations prescribing the reporting requirements for State and local governments. State and local governments with 100 or more employees have been required to submit EEO–4 reports since 1974 (biennially in odd-numbered years since 1993). The individual reports are confidential. EEO–4 data are used by the EEOC to investigate charges of discrimination against State and local governments and to provide information on the employment status of minorities and women. The data are shared with several other federal agencies. Pursuant to section 709(d) of Title VII of the Civil Rights Act of 1964, U.S.C. 2000e–8(d), as amended, EEO–4 data is shared with state and local Fair Employment Practices Agencies (FEPAs). Aggregated data are also used by researchers and the general public. Burden Statement: The estimated number of respondents included in the EEO–4 survey is 9,000 state and local governments. These 9,000 jurisdictions file about 13,456 reports due to the requirement for some to file separate reports by function. The form is estimated to impose 44,719 burden hours biennially. Dated: September 23, 2010. For the Commission. Jacqueline A. Berrien, Chair. Corporation’s Board of Directors will meet in open session at 10 a.m. on Tuesday, October 19, 2010, to consider the following matters: SUMMARY AGENDA: No substantive discussion of the following items is anticipated. These matters will be resolved with a single vote unless a member of the Board of Directors requests that an item be moved to the discussion agenda. Disposition of minutes of previous Board of Directors’ Meetings. Summary reports, status reports, reports of the Office of Inspector General, and reports of actions taken pursuant to authority delegated by the Board of Directors. DISCUSSION AGENDA: Memorandum and resolution re: Restoration Plan and Notice of Proposed Rulemaking on Assessment Rates, Dividends and the Designated Reserve Ratio. The meeting will be held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC. This Board meeting will be Webcast live via the Internet and subsequently made available on-demand approximately one week after the event. Visit http://www.vodium.com/goto/fdic/ boardmeetings.asp to view the event. If you need any technical assistance, please visit our Video Help page at: http://www.fdic.gov/video.html. The FDIC will provide attendees with auxiliary aids (e.g., sign language interpretation) required for this meeting. Those attendees needing such assistance should call (703) 562–6067 (Voice or TTY), to make necessary arrangements. Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at (202) 898–7043. Dated: October 12, 2010. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2010–26090 Filed 10–12–10; 4:15 pm] BILLING CODE P [FR Doc. 2010–25887 Filed 10–13–10; 8:45 am] BILLING CODE 6570–01–P jlentini on DSKJ8SOYB1PROD with NOTICES FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request FEDERAL DEPOSIT INSURANCE CORPORATION Sunshine Act Meeting VerDate Mar<15>2010 16:30 Oct 13, 2010 Board of Governors of the Federal Reserve System. SUMMARY: Background. On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board of AGENCY: Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Jkt 223001 PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 63181 Governors of the Federal Reserve System (Board) its approval authority under the Paperwork Reduction Act (PRA), as per 5 CFR 1320.16, to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board under conditions set forth in 5 CFR Part 1320 Appendix A.1. 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. Request for Comment on Information Collection Proposals The following information collections, which are being handled under this delegated authority, have received initial Board approval and are hereby published for comment. At the end of the comment period, the proposed information collections, along with an analysis of comments and recommendations received, will be submitted to the Board for final approval under OMB delegated authority. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Federal Reserve’s functions; including whether the information has practical utility; b. The accuracy of the Federal Reserve’s estimate of the burden of the proposed 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 information collection on respondents, including through the use of automated collection techniques or other forms of information technology. DATES: Comments must be submitted on or before December 13, 2010. ADDRESSES: You may submit comments, identified by FR 2226, FR G–1, FR G– 2, FR G–3, FR G–4, FR T–4, or FR U– 1, by any of the following methods: • Agency Web site: http:// www.federalreserve.gov. Follow the instructions for submitting comments at E:\FR\FM\14OCN1.SGM 14OCN1 jlentini on DSKJ8SOYB1PROD with NOTICES 63182 Federal Register / Vol. 75, No. 198 / Thursday, October 14, 2010 / Notices http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. • Federal eRulemaking Portal:http:// www.regulations.gov. Follow the instructions for submitting comments. • E-mail: regs.comments@ federalreserve.gov. Include docket number in the subject line of the message. • FAX: 202/452–3819 or 202/452– 3102. • Mail: Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, NW., Washington, DC 20551. All public comments are available from the Board’s Web site at http:// www.federalreserve.gov/generalinfo/ foia/ProposedRegs.cfm as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room MP–500 of the Board’s Martin Building (20th and C Streets, NW) between 9 a.m. and 5 p.m. on weekdays. Additionally, commenters should send a copy of their comments to the OMB Desk Officer by mail to the Office of Information and Regulatory Affairs, U.S. Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street, NW., Washington, DC 20503 or by fax to 202– 395–6974. FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files, once approved. These documents will also be made available on the Federal Reserve Board’s public Web site at: http:// 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, without revision, of the following report: 1. Report title: The Report of Net Debit Cap. Agency form number: FR 2226. VerDate Mar<15>2010 16:30 Oct 13, 2010 Jkt 223001 OMB control number: 7100–0217. Frequency: Annual. Reporters: Depository institutions, Edge and agreement corporations, U.S. branches and agencies of foreign banks. Estimated annual reporting hours: 1,298 hours. Estimated average hours per response: 1.0 hour. Number of respondents: 1,298. General description of report: This information collection is mandatory (12 U.S.C. 248(i), 248–1, and 464). The information submitted by respondents for the payments system risk reduction program is exempt from disclosure under exemption (b)(4) of the Freedom of Information Act (FOIA), which exempts from disclosure ‘‘trade secrets and commercial or financial information obtained from a person and privileged or confidential.’’ (5 U.S.C. 552 (b)(4)). In addition, information reported in connection with the second and third resolutions may be protected under Section (b)(8) of FOIA, to the extent that such information is based on the institution’s CAMELS rating, and thus is related to examination reports prepared by, on behalf of, or for the use of an agency responsible for the regulation or supervision of financial institutions (5 U.S.C. 552(b)(8)). Abstract: Federal Reserve Banks collect these data annually to provide information that is essential for their administration of the Federal Reserve’s Payments System Risk (PSR) policy. The reporting panel includes all financially healthy depository institutions with access to the discount window. The Report of Net Debit Cap comprises three resolutions, which are filed by a depository institution’s board of directors depending on its needs. The first resolution is used to establish a de minimis net debit cap and the second resolution is used to establish a selfassessed net debit cap. The third resolution is used to establish simultaneously a self-assessed net debit cap and maximum daylight overdraft capacity. Copies of the model resolutions are located in Appendix B, of the PSR policy, that can be found at http://www.federalreserve.gov/ paymentsystems/psr_relpolicies.htm. 2. Report title: Statement of Purpose for an Extension of Credit by a Creditor. Agency form number: FR T–4. OMB control number: 7100–0019. Frequency: On occasion. Reporters: Brokers and dealers. Estimated annual reporting hours: 459 hours. Estimated average hours per response: 10 minutes. Number of respondents: 135. General description of report: This information collection is mandatory and PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 authorized by section 7 of the ’34 Act (15 U.S.C. 78g). In addition, the FR T– 4 is required by Section 220.6 of Regulation T (12 CFR 220.6). The FR T– 4 data are not submitted to the Federal Reserve System and, as such, no issue of confidentiality arises. Abstract: The Securities Exchange Act of 1934 authorizes the Federal Reserve to regulate securities credit extended by brokers and dealers, banks, and other lenders. The FR T–4 is a purpose statement for brokers and dealers. The purpose statement is a recordkeeping requirement for brokers and dealers to document the purpose of their loans secured by margin stock. Margin stock is defined as (1) stocks that are registered on a national securities exchange or any over-the-counter security designated for trading in the National Market System, (2) debt securities (bonds) that are convertible into margin stock, and (3) shares of most mutual funds. Proposal to approve under OMB delegated authority the extension for three years, with clarification, of the following reports: Report titles: Registration Statement for Persons Who Extend Credit Secured by Margin Stock (Other Than Banks, Brokers, or Dealers), Deregistration Statement for Persons Registered Pursuant to Regulation U, Statement of Purpose for an Extension of Credit Secured by Margin Stock by a Person Subject to Registration Under Regulation U; Annual Report, and Statement of Purpose for an Extension of Credit Secured by Margin Stock. Agency form numbers: FR G–1, FR G– 2, FR G–3, FR G–4, and FR U–1. OMB control numbers: 7100–0011: FR G–1, FR G–2, and FR G–4; 7100–0018: FR G–3; and 7100–0115: FR U–1. Frequency: FR G–1, FR G–2, FR G–3, and FR U–1 on occasion; and FR G–4: annual. Reporters: Individuals and business. Annual reporting hours: 1,207 reporting hours; 1,604 recordkeeping hours. Estimated average hours per response: FR G–1, 2.5 hours; FR G–2, 15 minutes; FR G–3, 10 minutes; FR G–4, 2.0 hours; and FR U–1, 10 minutes. Number of respondents: FR G–1, 25; FR G–2, 40; FR G–3, 284; FR G–4, 567; and FR U–1, 50. General description of report: These mandatory information collections are authorized by section 7 of the ’34 Act (15 U.S.C. 78g). In addition, the FR U– 1 is required by Sections 221.3(c)(1)(i) and (2)(i) of Regulation U (12 C.F.R. 221.3(c)(1)(i) and (2)(i)), and the FR G– 1, G–2, G–3, and G–4 are required by Sections 221.3(b)(1), (2), and (3), and E:\FR\FM\14OCN1.SGM 14OCN1 Federal Register / Vol. 75, No. 198 / Thursday, October 14, 2010 / Notices jlentini on DSKJ8SOYB1PROD with NOTICES (c)(1)(ii) and (2)(ii) of Regulation U (12 C.F.R. 221.3(b)(1), (2), and (3), and (c)(1)(ii) and (2)(ii)). The information collected in the FR G–1 and the FR G– 4 is given confidential treatment under the Freedom of Information Act (5 U.S.C. 552 (b)(4) and (6)). Confidentiality determinations would have to be made on a case by case basis. The FR G–2 does not collect confidential information. The FR U–1 and FR G–3 data are not submitted to the Federal Reserve System and, as such, no issue of confidentiality arises. Abstract: The Securities Exchange Act of 1934 authorizes the Federal Reserve to regulate securities credit extended by brokers and dealers, banks, and other lenders. The purpose statements, FR U– 1 and FR G–3, are recordkeeping requirements for brokers and dealers, banks, and other lenders, respectively, to document the purpose of their loans secured by margin stock. Margin stock is defined as (1) stocks that are registered on a national securities exchange or any over-the-counter security designated for trading in the National Market System, (2) debt securities (bonds) that are convertible into margin stock, and (3) shares of most mutual funds. Lenders other than brokers and dealers and banks must register and deregister with the Federal Reserve using the FR G–1 and FR G–2, respectively, and they must file the FR G–4 annual report while registered. The Federal Reserve uses the data to identify lenders subject to Regulation U, to verify their compliance with the regulation, and to monitor margin credit. Current Actions: The Federal Reserve proposes minor clarifications to the FR G–1, FR G–3, and FR U–1 for consistency purposes. First, the definition of margin stock included in the instructions would be standardized. This would eliminate the confusion as to what securities could be defined as margin stock. Second, the lender’s attestation in Part III of the FR G–3 would be modified to more closely parallel the FR U–1 attestation. 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 shares of 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 offices 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 October 28, 2010. A. Federal Reserve Bank of Atlanta (Clifford Stanford, Vice President) 1000 Peachtree Street, NE., Atlanta, Georgia 30309: 1. Stuart and Teresa Gibson, both of Canton, Georgia; to acquire control of First Cherokee Bancshares, Inc., and thereby indirectly acquire control of First Cherokee State Bank, both of Woodstock, Georgia. B. Federal Reserve Bank of Minneapolis (Jacqueline G. King, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Robert A. Engen and Beverly J. Engen, both of Tolna, North Dakota, individually and as part of a group acting in concert with Steven R. Engen, Bismarck, North Dakota; to retain and acquire control of Tolna Bancorp, Inc., and thereby indirectly retain and acquire control of The Farmers & Merchants State Bank of Tolna, both of Tolna, North Dakota. Board of Governors of the Federal Reserve System, October 8, 2010. Jennifer J. Johnson, Secretary of the Board. FEDERAL RESERVE SYSTEM [FR Doc. 2010–25867 Filed 10–13–10; 8:45 am] BILLING CODE 6210–01–P VerDate Mar<15>2010 16:30 Oct 13, 2010 FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company Board of Governors of the Federal Reserve System, October 8, 2010. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2010–25857 Filed 10–13–10; 8:45 am] BILLING CODE 6210–01–P Notice of Meeting of the Consumer Advisory Council The Consumer Advisory Council will meet on Thursday, October 21, 2010. The meeting, which will be open to public observation, will take place at the Federal Reserve Board’s offices in Jkt 223001 PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 63183 Washington, DC, in Dining Room E on the Terrace Level of the Martin Building. For security purposes, anyone planning to attend the meeting should register no later than Tuesday, October 19, by completing the form found online at: https://www.federalreserve.gov/ secure/forms/cacregistration.cfm. Attendees must present photo identification to enter the building and should allow sufficient time for security processing. The meeting will begin at 9 a.m. and is expected to conclude at 12:15 p.m. The Martin Building is located on C Street, NW., between 20th and 21st Streets. The Council’s function is to advise the Board on the exercise of the Board’s responsibilities under various consumer financial services laws and on other matters on which the Board seeks its advice. Time permitting, the Council will discuss the following topics: • Proposed Rules Regarding Home Mortgage Transactions: Members will discuss the Board’s proposed rules to amend Regulation Z, which implements the Truth in Lending Act, to enhance consumer protection and improve disclosures for reverse mortgage transactions and other home mortgage loans. • Home Mortgage Disclosure Act (HMDA): In the context of the Board’s recent hearings on potential modifications to Regulation C, which implements HMDA, members will discuss the advantages and disadvantages of suggested changes to Regulation C, addressing the importance or utility of particular information in light of the purposes of HMDA and the burdens and possible privacy risks associated with collecting and reporting that information. • Community Reinvestment Act (CRA): Members will discuss key insights from the recent hearings on modernizing the regulations that implement the CRA, considering issues such as how to update the regulations to reflect changes in the financial services industry, changes in how banking services are delivered to consumers today, and current housing and community development needs. • Foreclosure issues: Members will discuss loss-mitigation efforts, including the Administration’s Making Home Affordable program, neighborhood stabilization initiatives and challenges, and other issues related to foreclosures. Reports by committees and other matters initiated by Council members also may be discussed. Persons wishing to submit views to the Council on any of the above topics may do so by sending written E:\FR\FM\14OCN1.SGM 14OCN1

Agencies

[Federal Register Volume 75, Number 198 (Thursday, October 14, 2010)]
[Notices]
[Pages 63181-63183]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-25867]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: Background. On June 15, 1984, the Office of Management and 
Budget (OMB) delegated to the Board of Governors of the Federal Reserve 
System (Board) its approval authority under the Paperwork Reduction Act 
(PRA), as per 5 CFR 1320.16, to approve of and assign OMB control 
numbers to collection of information requests and requirements 
conducted or sponsored by the Board under conditions set forth in 5 CFR 
Part 1320 Appendix A.1. 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.

Request for Comment on Information Collection Proposals

    The following information collections, which are being handled 
under this delegated authority, have received initial Board approval 
and are hereby published for comment. At the end of the comment period, 
the proposed information collections, along with an analysis of 
comments and recommendations received, will be submitted to the Board 
for final approval under OMB delegated authority. Comments are invited 
on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve's estimate of the burden of 
the proposed 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 information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology.

DATES: Comments must be submitted on or before December 13, 2010.

ADDRESSES: You may submit comments, identified by FR 2226, FR G-1, FR 
G-2, FR G-3, FR G-4, FR T-4, or FR U-1, by any of the following 
methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at

[[Page 63182]]

http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal:http://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail: regs.comments@federalreserve.gov. Include docket 
number in the subject line of the message.
     FAX: 202/452-3819 or 202/452-3102.
     Mail: Jennifer J. Johnson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue, 
NW., Washington, DC 20551.
    All public comments are available from the Board's Web site at 
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as 
submitted, unless modified for technical reasons. Accordingly, your 
comments will not be edited to remove any identifying or contact 
information. Public comments may also be viewed electronically or in 
paper form in Room MP-500 of the Board's Martin Building (20th and C 
Streets, NW) between 9 a.m. and 5 p.m. on weekdays.
    Additionally, commenters should send a copy of their comments to 
the OMB Desk Officer by mail to the Office of Information and 
Regulatory Affairs, U.S. Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street, NW., Washington, DC 20503 
or by fax to 202-395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once approved. These documents will also be made 
available on the Federal Reserve Board's public Web site at: http://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, without revision, of the following report:
    1. Report title: The Report of Net Debit Cap.
    Agency form number: FR 2226.
    OMB control number: 7100-0217.
    Frequency: Annual.
    Reporters: Depository institutions, Edge and agreement 
corporations, U.S. branches and agencies of foreign banks.
    Estimated annual reporting hours: 1,298 hours.
    Estimated average hours per response: 1.0 hour.
    Number of respondents: 1,298.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248(i), 248-1, and 464). The information submitted 
by respondents for the payments system risk reduction program is exempt 
from disclosure under exemption (b)(4) of the Freedom of Information 
Act (FOIA), which exempts from disclosure ``trade secrets and 
commercial or financial information obtained from a person and 
privileged or confidential.'' (5 U.S.C. 552 (b)(4)). In addition, 
information reported in connection with the second and third 
resolutions may be protected under Section (b)(8) of FOIA, to the 
extent that such information is based on the institution's CAMELS 
rating, and thus is related to examination reports prepared by, on 
behalf of, or for the use of an agency responsible for the regulation 
or supervision of financial institutions (5 U.S.C. 552(b)(8)).
    Abstract: Federal Reserve Banks collect these data annually to 
provide information that is essential for their administration of the 
Federal Reserve's Payments System Risk (PSR) policy. The reporting 
panel includes all financially healthy depository institutions with 
access to the discount window. The Report of Net Debit Cap comprises 
three resolutions, which are filed by a depository institution's board 
of directors depending on its needs. The first resolution is used to 
establish a de minimis net debit cap and the second resolution is used 
to establish a self-assessed net debit cap. The third resolution is 
used to establish simultaneously a self-assessed net debit cap and 
maximum daylight overdraft capacity. Copies of the model resolutions 
are located in Appendix B, of the PSR policy, that can be found at 
http://www.federalreserve.gov/paymentsystems/psr_relpolicies.htm.
    2. Report title: Statement of Purpose for an Extension of Credit by 
a Creditor.
    Agency form number: FR T-4.
    OMB control number: 7100-0019.
    Frequency: On occasion.
    Reporters: Brokers and dealers.
    Estimated annual reporting hours: 459 hours.
    Estimated average hours per response: 10 minutes.
    Number of respondents: 135.
    General description of report: This information collection is 
mandatory and authorized by section 7 of the '34 Act (15 U.S.C. 78g). 
In addition, the FR T-4 is required by Section 220.6 of Regulation T 
(12 CFR 220.6). The FR T-4 data are not submitted to the Federal 
Reserve System and, as such, no issue of confidentiality arises.
    Abstract: The Securities Exchange Act of 1934 authorizes the 
Federal Reserve to regulate securities credit extended by brokers and 
dealers, banks, and other lenders. The FR T-4 is a purpose statement 
for brokers and dealers. The purpose statement is a recordkeeping 
requirement for brokers and dealers to document the purpose of their 
loans secured by margin stock. Margin stock is defined as (1) stocks 
that are registered on a national securities exchange or any over-the-
counter security designated for trading in the National Market System, 
(2) debt securities (bonds) that are convertible into margin stock, and 
(3) shares of most mutual funds.
    Proposal to approve under OMB delegated authority the extension for 
three years, with clarification, of the following reports:
    Report titles: Registration Statement for Persons Who Extend Credit 
Secured by Margin Stock (Other Than Banks, Brokers, or Dealers), 
Deregistration Statement for Persons Registered Pursuant to Regulation 
U, Statement of Purpose for an Extension of Credit Secured by Margin 
Stock by a Person Subject to Registration Under Regulation U; Annual 
Report, and Statement of Purpose for an Extension of Credit Secured by 
Margin Stock.
    Agency form numbers: FR G-1, FR G-2, FR G-3, FR G-4, and FR U-1.
    OMB control numbers: 7100-0011: FR G-1, FR G-2, and FR G-4; 7100-
0018: FR G-3; and 7100-0115: FR U-1.
    Frequency: FR G-1, FR G-2, FR G-3, and FR U-1 on occasion; and FR 
G-4: annual.
    Reporters: Individuals and business.
    Annual reporting hours: 1,207 reporting hours; 1,604 recordkeeping 
hours.
    Estimated average hours per response: FR G-1, 2.5 hours; FR G-2, 15 
minutes; FR G-3, 10 minutes; FR G-4, 2.0 hours; and FR U-1, 10 minutes.
    Number of respondents: FR G-1, 25; FR G-2, 40; FR G-3, 284; FR G-4, 
567; and FR U-1, 50.
    General description of report: These mandatory information 
collections are authorized by section 7 of the '34 Act (15 U.S.C. 78g). 
In addition, the FR U-1 is required by Sections 221.3(c)(1)(i) and 
(2)(i) of Regulation U (12 C.F.R. 221.3(c)(1)(i) and (2)(i)), and the 
FR G-1, G-2, G-3, and G-4 are required by Sections 221.3(b)(1), (2), 
and (3), and

[[Page 63183]]

(c)(1)(ii) and (2)(ii) of Regulation U (12 C.F.R. 221.3(b)(1), (2), and 
(3), and (c)(1)(ii) and (2)(ii)). The information collected in the FR 
G-1 and the FR G-4 is given confidential treatment under the Freedom of 
Information Act (5 U.S.C. 552 (b)(4) and (6)). Confidentiality 
determinations would have to be made on a case by case basis. The FR G-
2 does not collect confidential information. The FR U-1 and FR G-3 data 
are not submitted to the Federal Reserve System and, as such, no issue 
of confidentiality arises.
    Abstract: The Securities Exchange Act of 1934 authorizes the 
Federal Reserve to regulate securities credit extended by brokers and 
dealers, banks, and other lenders. The purpose statements, FR U-1 and 
FR G-3, are recordkeeping requirements for brokers and dealers, banks, 
and other lenders, respectively, to document the purpose of their loans 
secured by margin stock. Margin stock is defined as (1) stocks that are 
registered on a national securities exchange or any over-the-counter 
security designated for trading in the National Market System, (2) debt 
securities (bonds) that are convertible into margin stock, and (3) 
shares of most mutual funds. Lenders other than brokers and dealers and 
banks must register and deregister with the Federal Reserve using the 
FR G-1 and FR G-2, respectively, and they must file the FR G-4 annual 
report while registered. The Federal Reserve uses the data to identify 
lenders subject to Regulation U, to verify their compliance with the 
regulation, and to monitor margin credit.
    Current Actions: The Federal Reserve proposes minor clarifications 
to the FR G-1, FR G-3, and FR U-1 for consistency purposes. First, the 
definition of margin stock included in the instructions would be 
standardized. This would eliminate the confusion as to what securities 
could be defined as margin stock. Second, the lender's attestation in 
Part III of the FR G-3 would be modified to more closely parallel the 
FR U-1 attestation.

    Board of Governors of the Federal Reserve System, October 8, 
2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-25867 Filed 10-13-10; 8:45 am]
BILLING CODE 6210-01-P