Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 71439-71440 [2010-29454]
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mstockstill on DSKH9S0YB1PROD with NOTICES
Federal Register / Vol. 75, No. 225 / Tuesday, November 23, 2010 / Notices
supplement does include questions
about the previous banking status of
unbanked households and why the
previously banked became unbanked.
One possible response is that the bank
closed the account. Other responses
include dissatisfaction with bank fees or
services. The FDIC report on the 2009
Household Survey includes estimates of
the number and share of unbanked
households that were previously
banked; how recently they were banked;
and the reasons why they no longer
have bank accounts.
The commenter’s final
recommendation for enhancing the
quality, utility, and clarity of the
information collection was that the
FDIC measure the extent to which
overdraft fees are a barrier to stable
banking relationships by asking about
the amount of overdraft fees incurred by
the respondent in the preceding year
and whether the respondent would like
to be warned of potential overdrafts
before they occur. The FDIC
understands that overdraft fees may be
viewed as a barrier to stable banking
relationships, but constraints on the
length of the survey preclude the
addition of general questions on
household bank overdraft activity,
overdraft/NSF fees incurred by
households, and the information
provided to households by banks about
overdraft policies and fees.
Nevertheless, the FDIC supplement does
include ‘‘high account fees’’ as a possible
reason for not having a checking or
savings account. In addition, the revised
survey instrument will specifically ask
households that have had accounts
closed by their bank, whether the
closure was due to the number of
overdrafts or bounced checks.
With respect to ways to minimize
burden, the commenter offered two
suggestions: that the FDIC document
technology and language divides by
asking respondents about their comfort
reading and writing in English, access to
and comfort using computers, and cell
phone capabilities to access e-mail,
Internet, and other data online, and that
the FDIC adjust its methodology and/or
results to reflect the difficulty of
counting the unbanked and
underbanked using the current
methodology. Regarding the suggestion
to document technology and language
divides, the FDIC agrees that it is
important to be mindful of any language
barriers and limitations on access to
technology when developing policy
interventions for certain populations.
The CPS does include information about
whether English is the primary language
spoken at home, but it is not feasible to
include in the FDIC supplement more
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general questions about household use
of computers or cell phones or access to
the Internet, given current constraints
on the length of the survey. Regarding
the suggestion to adjust methodology
and/or results to account for those who
are hard to count, the FDIC is confident
in the reliability of its state-level
estimates of the unbanked and
underbanked for all states. The CPS
sample is a scientifically designed
sample of approximately 72,000
physical housing units from 824 sample
areas that is designed to accurately
measure demographic and labor force
characteristics of the U.S. noninstitutionalized civilian population
that is 16 years old or older. The CPS
samples housing units from lists of
addresses obtained from the decennial
census that are updated continuously
for housing units built after the Census.
Furthermore, the response rate for basic
CPS is very high (about 92 percent). As
an add-on to the CPS, the FDIC
supplement incorporates the
methodology used to gather monthly
employment data for the U.S.
population. In addition, the public
release of the Household Survey data
permits users to make statistical
adjustments based on additional
information available for a particular
locality.
Request for Comment
Comments are invited on: (a) Whether
these collections of information are
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 collections,
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 collections on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
All comments will become a matter of
public record.
Dated at Washington, DC, this 17th day of
November, 2010.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2010–29417 Filed 11–22–10; 8:45 am]
BILLING CODE 6714–01–P
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71439
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 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:
Acting Federal Reserve Board Clearance
Officer—Cindy Ayouch—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, 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.
DATES: Effective Date: December 31,
2010.
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
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71440
Federal Register / Vol. 75, No. 225 / Tuesday, November 23, 2010 / Notices
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: On September 13,
2010, the Federal Reserve published a
notice in the Federal Register (75 FR
55579) requesting public comment for
60 days on the extension, with revision,
of the Domestic Finance Company
Report of Consolidated Assets and
Liabilities. The comment period for this
notice expired on November 12, 2010.
The Federal Reserve did not receive any
comments. The revisions will be
implemented as proposed.
Final approval under OMB delegated
authority of the implementation of the
following survey:
Report title: Survey of Finance
Companies.
Agency form number: FR 3033s.
OMB control number: 7100–0277.
Dates: Effective Date: December 31,
2010.
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
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Jkt 223001
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: On September 13,
2010, the Federal Reserve published a
notice in the Federal Register (75 FR
55579) requesting public comment for
60 days on the implementation of the
Survey of Finance Companies. The
comment period for this notice expired
on November 12, 2010. The Federal
Reserve did not receive any comments.
The survey will be conducted as
proposed.
Warburg Pincus X, LLC and Warburg
Pincus LLC, all of New York, New York;
to acquire voting shares of National
Penn Bancshares, Inc., and thereby
indirectly acquire voting shares of
National Penn Bank, both of Boyertown,
Pennsylvania, and The Christiana Bank
and Trust Company, Greenville,
Delaware.
B. Federal Reserve Bank of St. Louis
(Glenda Wilson, Community Affairs
Officer) P.O. Box 442, St. Louis,
Missouri 63166–2034:
1. The House Family Control Group
(which consists of Verlene H. House
Revocable Trust, Verlene H. House as
trustee; White River Bituminous, Inc.;
Edward House; Howard House; Dianne
Lamberth; Marcus Lamberth; Lauren
Lamberth Patterson, all of Batesville,
Arkansas; and Lance Lamberth, San
Francisco, California), Batesville,
Arkansas, to acquire voting shares of
First Community Bancshares, Inc., and
thereby indirectly acquire voting shares
of First Community Bank of Batesville,
both of Batesville, Arkansas.
Jennifer J. Johnson,
Secretary of the Board.
Board of Governors of the Federal Reserve
System, November 18, 2010.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2010–29454 Filed 11–22–10; 8:45 am]
BILLING CODE 6210–01–P
[FR Doc. 2010–29490 Filed 11–22–10; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
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
December 8, 2010.
A. Federal Reserve Bank of
Philadelphia (Michael E. Collins, Senior
Vice President) 100 North 6th Street,
Philadelphia, Pennsylvania 19105–
1521:
1. Warburg Pincus Private Equity X,
L.P.; Warburg Pincus X Partners, L.P.;
Warburg Pincus X L.P.; Warburg Pincus
& Co.; Warburg Pincus Partners, LLC
PO 00000
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
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 application also will be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
a nonbanking company, the review also
includes whether the acquisition of the
nonbanking company complies with the
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]]>Agencies
[Federal Register Volume 75, Number 225 (Tuesday, November 23, 2010)]
[Notices]
[Pages 71439-71440]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-29454]
=======================================================================
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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
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: Acting Federal Reserve Board Clearance
Officer--Cindy Ayouch--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, 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.
DATES: Effective Date: December 31, 2010.
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
[[Page 71440]]
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 short-term
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: On September 13, 2010, the Federal Reserve
published a notice in the Federal Register (75 FR 55579) requesting
public comment for 60 days on the extension, with revision, of the
Domestic Finance Company Report of Consolidated Assets and Liabilities.
The comment period for this notice expired on November 12, 2010. The
Federal Reserve did not receive any comments. The revisions will be
implemented as proposed.
Final approval under OMB delegated authority of the implementation
of the following survey:
Report title: Survey of Finance Companies.
Agency form number: FR 3033s.
OMB control number: 7100-0277.
Dates: Effective Date: December 31, 2010.
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: On September 13, 2010, the Federal Reserve
published a notice in the Federal Register (75 FR 55579) requesting
public comment for 60 days on the implementation of the Survey of
Finance Companies. The comment period for this notice expired on
November 12, 2010. The Federal Reserve did not receive any comments.
The survey will be conducted as proposed.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-29454 Filed 11-22-10; 8:45 am]
BILLING CODE 6210-01-P
