Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 6106-6107 [2013-01827]

Download as PDF 6106 Federal Register / Vol. 78, No. 19 / Tuesday, January 29, 2013 / Notices Web site at www.fdic.gov/bank/ individual/failed/banklist.html or contact the Manager of Receivership Oversight in the appropriate service center. INSTITUTIONS IN LIQUIDATION [In alphabetical order] FDIC Ref. No. Bank name City State Date closed 10469 .................................................. 1st Regents Bank ............................... Andover .............................................. MN 1/18/2013 Dated: January 22, 2013. Federal Deposit Insurance Corporation. Pamela Johnson, Regulatory Editing Specialist. [FR Doc. 2013–01725 Filed 1–28–13; 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 Board of Governors of the Federal Reserve System. SUMMARY: 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: Federal Reserve Board Clearance Officer—Cynthia Ayouch—Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202) 452–3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. OMB Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New srobinson on DSK4SPTVN1PROD with AGENCY: VerDate Mar<15>2010 16:47 Jan 28, 2013 Jkt 229001 Executive Office Building, Room 10235, 725 17th Street NW.,Washington, DC 20503. Final approval under OMB delegated authority of the extension for three years, without revision, of the following reports: 1. Report title: Disclosure and Reporting Requirements of CRA-Related Agreements. Agency form number: Reg G. OMB Control number: 7100–0299. Frequency: On occasion and annual. Reporters: Insured depository institutions (IDIs), savings and loan holding companies (SLHCs) and nongovernmental entities or persons (NGEPs). Estimated annual reporting hours: 78 hours. Estimated average hours per response: 1 hour (3 disclosure requirements and 5 reporting requirements) and 4 hours (2 reporting requirements). Number of respondents: 3 IDIs and SLHCs, and 6 NGEPs. General description of report: This information collection is mandatory pursuant the Federal Deposit Insurance Act (FDI Act), 12 U.S.C. 1831y(b) and (c). The FDI Act authorizes the Federal Reserve to require the disclosure and reporting requirements of Regulation G (12 CFR part 207). In general, the Federal Reserve does not consider individual respondent commercial and financial information collected by the Federal Reserve pursuant to Regulation G as confidential. However, a respondent may request confidential treatment pursuant to section (b)(4) of Freedom of Information Act, 5 U.S.C 552(b)(4). Abstract: Section 48 of the Federal Deposit Insurance Act (FDI Act), entitled ‘‘CRA Sunshine Requirements,’’ imposes disclosure and reporting requirements on IDIs or their affiliates, and NGEPs that enter into written agreements that meet certain criteria (covered agreements).1 The written agreements must (1) be made in fulfillment of the CRA and (2) involve funds or other resources of an IDI or 1 12 PO 00000 U.S.C. 1831y. Frm 00042 Fmt 4703 Sfmt 4703 affiliate with an aggregate value of more than $10,000 in a year, or loans with an aggregate principal value of more than $50,000 in a year. Section 48 excludes from the disclosure and reporting requirements any agreement between an IDI or its affiliate and an NGEP if the NGEP has not contacted the IDI or its affiliate, or a banking agency, concerning the CRA performance of the IDI. The disclosure and reporting requirements in connection with Regulation G are mandatory and apply to state member banks and their subsidiaries; savings and loan holding companies; bank holding companies; affiliates of bank holding companies, other than banks, savings associations, and subsidiaries of banks and savings associations; and NGEPs that enter into covered agreements with any of the aforementioned companies. Current Actions: On November 21, 2012, the Federal Reserve published a notice in the Federal Register (77 FR 69843) requesting public comment for 60 days on the extension, without revision, of the Disclosure and Reporting Requirements of CRA-Related Agreements. The comment period for this notice expired on January 22, 2013. The Federal Reserve did not receive any comments. 2. Report title: Disclosure Requirements in Connection With Subpart H of Regulation H (Consumer Protections in Sales of Insurance). Agency form number: Reg H–7. OMB control number: 7100–0298. Frequency: On occasion. Reporters: State member banks. Estimated annual reporting hours: 12,962 hours. Estimated average hours per response: 1.5 minutes. Number of respondents: 823. General description of report: This information collection is mandatory pursuant the Federal Deposit Insurance (FDI) Act, 12 U.S.C. 1831x. The FDI Act authorizes the Federal Reserve to require the disclosure requirements associated with Subpart H of Regulation H (12 CFR 208.81–208.86). Since the Federal Reserve does not collect any E:\FR\FM\29JAN1.SGM 29JAN1 srobinson on DSK4SPTVN1PROD with Federal Register / Vol. 78, No. 19 / Tuesday, January 29, 2013 / Notices information, no issue of confidentiality normally arises. Abstract: Section 305 of the GrammLeach-Bliley Act of 1999 requires financial institutions to provide written and oral disclosures to consumers in connection with the initial sale of an insurance product or annuity concerning its uninsured nature and the existence of the investment risk, if appropriate, and the fact that insurance sales and credit may not be tied. Covered persons are required to make insurance disclosures before the completion of the initial sale of an insurance product or annuity to a consumer. The disclosure must be made orally and in writing to the consumer that: (1) The insurance product or annuity is not a deposit or other obligation of, or guaranteed by, the financial institution or an affiliate of the financial institution; (2) the insurance product or annuity is not insured by the Federal Deposit Insurance Corporation or any other agency of the United States, the financial institution, or (if applicable) an affiliate of the financial institution; and (3) in the case of an insurance product or annuity that involves an investment risk, there is investment risk associated with the product, including the possible loss of value. Covered persons are required to make a credit disclosure at the time a consumer applies for an extension of credit in connection with which an insurance product or annuity is solicited, offered, or sold. The disclosure must be made orally and in writing that the financial institution may not condition an extension of credit on either: (1) The consumer’s purchase of an insurance product or annuity from the financial institution or any of its affiliates; or (2) the consumer’s agreement not to obtain, or a prohibition on the consumer from obtaining, an insurance product or annuity from an unaffiliated entity. Current Actions: On November 21, 2012, the Federal Reserve published a notice in the Federal Register (77 FR 69843) requesting public comment for 60 days on the extension, without revision, of the Disclosure Requirements in Connection With Subpart H of Regulation H (Consumer Protections in Sales of Insurance). The comment period for this notice expired on January 22, 2013. The Federal Reserve did not receive any comments. VerDate Mar<15>2010 16:47 Jan 28, 2013 Jkt 229001 Board of Governors of the Federal Reserve System, January 24, 2013. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2013–01827 Filed 1–28–13; 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 Board of Governors of the Federal Reserve System. SUMMARY: Background. Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the Public). Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instruments are placed into OMB’s public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Cynthia Ayouch—Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202) 452–3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. OMB Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW., Washington, DC 20503. Final approval under OMB delegated authority of the extension for three years, with revision, of the following reports: 1. Report title: Consumer Satisfaction Questionnaire, the Federal Reserve Consumer Help—Consumer Survey, the Consumer Online Complaint Form, and the Appraisal Complaint Form. Agency form number: FR 1379a, FR 1379b, FR 1379c, and FR 1379d. AGENCY: PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 6107 OMB control number: 7100–0135. Frequency: Event generated. Effective Date: March 2013. Reporters: Consumers, appraisers, and financial institutions. Estimated annual reporting hours: FR 1379a: 116 hours; FR 1379b: 167 hours; FR 1379c: 1,351 hours; FR 1379d: 100 hours. Estimated average hours per response: FR 1379a: 5 minutes; FR 1379b: 5 minutes; FR 1379c: 10 minutes; FR 1379d: 30 minutes. Number of respondents: FR 1379a: 1,391; FR 1379b: 2,001; FR 1379c: 8,107; FR 1379d: 200. General description of report: This information collection is voluntary and is authorized by law pursuant to section 11(a) of the Federal Reserve Act (12 U.S.C. 248(a), and sections 3(q) and 8 of the Federal Deposit Insurance Act (FDIC Act), 12 U.S.C. 1813(Q) and 1818. Additionally the Federal Reserve is authorized to collect the information on the FR 1379d pursuant to section 1103 of the Financial Institutions and Reform, Recovery, and Enforcement Act, which authorizes the Federal Financial Institutions Examination CouncilAppraisal Subcommittee to ‘‘perform research, as [it] considers appropriate,’’ for the purpose of carrying out its duties, 12 U.S.C. 3335. The FR 1379a is not considered confidential. The FR 1379b collects the respondent’s name and the respondent may provide other personal information and information regarding his or her complaint. The FR 1379c collects the respondent’s thirdparty representative if the respondent has such a representative. The proposed FR 1379d would collect the respondent’s name and the respondent may provide other personal information and information regarding his or her complaint. Thus, some of the information collected on the FR 1379b, FR 1379c, and FR 1379d may be considered confidential under the Freedom of Information Act (5 U.S.C. 552(b)(4), (b)(6), (b)(7)). Abstract: The FR 1379a questionnaire is sent to consumers who have filed complaints with the Federal Reserve against state member banks. The information is used to assess their satisfaction with the Federal Reserve’s handling and written response to their complaint at the conclusion of an investigation. The FR 1379b questionnaire is sent as needed to consumers who contact the FRCH to file a complaint or inquiry. The information is used to determine whether consumers are satisfied with the way the FRCH handled their complaint. Consumers use the FR 1379c to electronically submit a complaint against a financial institution E:\FR\FM\29JAN1.SGM 29JAN1

Agencies

[Federal Register Volume 78, Number 19 (Tuesday, January 29, 2013)]
[Notices]
[Pages 6106-6107]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-01827]


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FEDERAL RESERVE SYSTEM


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

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: 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: Federal Reserve Board Clearance 
Officer--Cynthia Ayouch--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202) 
452-3829.
    Telecommunications Device for the Deaf (TDD) users may contact 
(202) 263-4869, Board of Governors of the Federal Reserve System, 
Washington, DC 20551.
    OMB Desk Officer--Shagufta Ahmed--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street NW.,Washington, DC 20503.

Final approval under OMB delegated authority of the extension for three 
years, without revision, of the following reports:

    1. Report title: Disclosure and Reporting Requirements of CRA-
Related Agreements.
    Agency form number: Reg G.
    OMB Control number: 7100-0299.
    Frequency: On occasion and annual.
    Reporters: Insured depository institutions (IDIs), savings and loan 
holding companies (SLHCs) and nongovernmental entities or persons 
(NGEPs).
    Estimated annual reporting hours: 78 hours.
    Estimated average hours per response: 1 hour (3 disclosure 
requirements and 5 reporting requirements) and 4 hours (2 reporting 
requirements).
    Number of respondents: 3 IDIs and SLHCs, and 6 NGEPs.
    General description of report: This information collection is 
mandatory pursuant the Federal Deposit Insurance Act (FDI Act), 12 
U.S.C. 1831y(b) and (c). The FDI Act authorizes the Federal Reserve to 
require the disclosure and reporting requirements of Regulation G (12 
CFR part 207). In general, the Federal Reserve does not consider 
individual respondent commercial and financial information collected by 
the Federal Reserve pursuant to Regulation G as confidential. However, 
a respondent may request confidential treatment pursuant to section 
(b)(4) of Freedom of Information Act, 5 U.S.C 552(b)(4).
    Abstract: Section 48 of the Federal Deposit Insurance Act (FDI 
Act), entitled ``CRA Sunshine Requirements,'' imposes disclosure and 
reporting requirements on IDIs or their affiliates, and NGEPs that 
enter into written agreements that meet certain criteria (covered 
agreements).\1\ The written agreements must (1) be made in fulfillment 
of the CRA and (2) involve funds or other resources of an IDI or 
affiliate with an aggregate value of more than $10,000 in a year, or 
loans with an aggregate principal value of more than $50,000 in a year. 
Section 48 excludes from the disclosure and reporting requirements any 
agreement between an IDI or its affiliate and an NGEP if the NGEP has 
not contacted the IDI or its affiliate, or a banking agency, concerning 
the CRA performance of the IDI.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 1831y.
---------------------------------------------------------------------------

    The disclosure and reporting requirements in connection with 
Regulation G are mandatory and apply to state member banks and their 
subsidiaries; savings and loan holding companies; bank holding 
companies; affiliates of bank holding companies, other than banks, 
savings associations, and subsidiaries of banks and savings 
associations; and NGEPs that enter into covered agreements with any of 
the aforementioned companies.
    Current Actions: On November 21, 2012, the Federal Reserve 
published a notice in the Federal Register (77 FR 69843) requesting 
public comment for 60 days on the extension, without revision, of the 
Disclosure and Reporting Requirements of CRA-Related Agreements. The 
comment period for this notice expired on January 22, 2013. The Federal 
Reserve did not receive any comments.
    2. Report title: Disclosure Requirements in Connection With Subpart 
H of Regulation H (Consumer Protections in Sales of Insurance).
    Agency form number: Reg H-7.
    OMB control number: 7100-0298.
    Frequency: On occasion.
    Reporters: State member banks.
    Estimated annual reporting hours: 12,962 hours.
    Estimated average hours per response: 1.5 minutes.
    Number of respondents: 823.
    General description of report: This information collection is 
mandatory pursuant the Federal Deposit Insurance (FDI) Act, 12 U.S.C. 
1831x. The FDI Act authorizes the Federal Reserve to require the 
disclosure requirements associated with Subpart H of Regulation H (12 
CFR 208.81-208.86). Since the Federal Reserve does not collect any

[[Page 6107]]

information, no issue of confidentiality normally arises.
    Abstract: Section 305 of the Gramm-Leach-Bliley Act of 1999 
requires financial institutions to provide written and oral disclosures 
to consumers in connection with the initial sale of an insurance 
product or annuity concerning its uninsured nature and the existence of 
the investment risk, if appropriate, and the fact that insurance sales 
and credit may not be tied.
    Covered persons are required to make insurance disclosures before 
the completion of the initial sale of an insurance product or annuity 
to a consumer. The disclosure must be made orally and in writing to the 
consumer that: (1) The insurance product or annuity is not a deposit or 
other obligation of, or guaranteed by, the financial institution or an 
affiliate of the financial institution; (2) the insurance product or 
annuity is not insured by the Federal Deposit Insurance Corporation or 
any other agency of the United States, the financial institution, or 
(if applicable) an affiliate of the financial institution; and (3) in 
the case of an insurance product or annuity that involves an investment 
risk, there is investment risk associated with the product, including 
the possible loss of value.
    Covered persons are required to make a credit disclosure at the 
time a consumer applies for an extension of credit in connection with 
which an insurance product or annuity is solicited, offered, or sold. 
The disclosure must be made orally and in writing that the financial 
institution may not condition an extension of credit on either: (1) The 
consumer's purchase of an insurance product or annuity from the 
financial institution or any of its affiliates; or (2) the consumer's 
agreement not to obtain, or a prohibition on the consumer from 
obtaining, an insurance product or annuity from an unaffiliated entity.
    Current Actions: On November 21, 2012, the Federal Reserve 
published a notice in the Federal Register (77 FR 69843) requesting 
public comment for 60 days on the extension, without revision, of the 
Disclosure Requirements in Connection With Subpart H of Regulation H 
(Consumer Protections in Sales of Insurance). The comment period for 
this notice expired on January 22, 2013. The Federal Reserve did not 
receive any comments.

    Board of Governors of the Federal Reserve System, January 24, 
2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013-01827 Filed 1-28-13; 8:45 am]
BILLING CODE 6210-01-P