Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities, 69849 [2014-27766]

Download as PDF Federal Register / Vol. 79, No. 226 / Monday, November 24, 2014 / Notices Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act. Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than December 09, 2014. A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Peoples State Bancorp, Inc., through its subsidiary, Peoples State Bank of Munising, both in Munising, Michigan proposes to reduce its ownership in Lasco Development Corporation, Marquette, Michigan, to less than 100 percent. Lasco Development Corporation engages in the activity of data processing for financial institutions. Board of Governors of the Federal Reserve System, November 19, 2014. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2014–27766 Filed 11–21–14; 8:45 am] asabaliauskas on DSK5VPTVN1PROD with NOTICES BILLING CODE 6210–01–P FEDERAL TRADE COMMISSION Agency Information Collection Activities; Submission for OMB Review; Comment Request Federal Trade Commission (FTC or Commission). ACTION: Notice and request for comment. AGENCY: VerDate Sep<11>2014 20:32 Nov 21, 2014 Jkt 235001 In compliance with the Paperwork Reduction Act (PRA) of 1995, the FTC is seeking public comments on its request to OMB for a three-year extension of the Trade Regulation Rule entitled Labeling and Advertising of Home Insulation (R-value Rule or Rule). That clearance expires on December 31, 2014. DATES: Comments must be received by December 24, 2014. ADDRESSES: Interested parties may file a comment online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. Write ‘‘R-value Rule: FTC File No. R811001’’ on your comment, and file your comment online at https:// ftcpublic.commentworks.com/ftc/ rvaluerulepra2 by following the instructions on the web-based form. If you prefer to file your comment on paper, mail or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW., Suite CC–5610 (Annex J), Washington, DC 20580, or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Constitution Center, 400 7th Street SW., 5th Floor, Suite 5610 (Annex J), Washington, DC 20024. FOR FURTHER INFORMATION CONTACT: Requests for copies of the collection of information and supporting documentation should be addressed to Hampton Newsome, Attorney, Division of Enforcement, Bureau of Consumer Protection, Federal Trade Commission, Mail Code CC–9528, 600 Pennsylvania Ave. NW., Washington, DC 20580, (202) 326–2889. SUPPLEMENTARY INFORMATION: Title: R-value Rule, 16 CFR part 460. OMB Control Number: 3084–0109. Type of Review: Extension of a currently approved collection. Abstract: The R-value Rule establishes uniform standards for the substantiation and disclosure of accurate, material product information about the thermal performance characteristics of home insulation products. The R-value of an insulation signifies the insulation’s degree of resistance to the flow of heat. This information tells consumers how well a product is likely to perform as an insulator and allows consumers to determine whether the cost of the insulation is justified. On August 13, 2014, the Commission sought comment on the information collection requirements in the R-value Rule. 79 FR 47461. No comments were received. The Commission did receive one non-germane filing that we have SUMMARY: FEDERAL RESERVE SYSTEM PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 69849 referred to the agency’s Consumer Response Center for further action. As required by OMB regulations, 5 CFR part 1320, the FTC is providing this second opportunity for public comment. Estimated Annual Hours Burden: 129,656 hours. Likely Respondents and Estimated Burden: Installation manufacturers, installers, new home builders/sellers, dealers and retailers. (a) Installation manufacturers. • Testing by installation manufacturers—15 new products/year × 2 hours each = 30 hours; and • Disclosures by installation manufacturers—[(144 manufacturers × 20 hours) + (6 largest manufacturers × 80 hours each] = 3,360 hours. • Recordkeeping by installation manufacturers—150 manufacturers × 1 hour each = 150 hours. (b) Installers. • Disclosures by retrofit installers (manufacturer’s insulation fact sheet)— 2 million retrofit installations/year × 2 minutes each = 66,667 hours. • Disclosures by installers (advertising)—1,615 installers × 1 hour each = 1,615 hours. • Recordkeeping by installers—1,615 installers × 5 minutes each = 134 hours. (c) New home builders/sellers, dealers. • Disclosures by new home sellers— 924,000 new home sales/year × 30 seconds each = 7,700 hours. (d) Retailers. • Disclosures by retailers—[25,000 retailers × 1 hour each (fact sheets) + 25,000 retailers × 1 hour each (advertising disclosure) = 50,000 hours. Frequency of Response: Periodic. Total Annual Labor Cost: $2,571,000 per year (solely related to labor costs and rounded to the nearest thousand) [approximately $810 for testing, based on 30 hours for manufacturers (30 hours × $27 per hour for skilled technical personnel); $3,976 for manufacturers’ and installers’ compliance with the Rule’s recordkeeping requirements, based on 284 hours (284 hours × $14 per hour for clerical personnel); $47,040 for manufacturers’ compliance with thirdparty disclosure requirements, based on 3,360 hours (3,360 hours × $14 per hour for clerical personnel); and $2,519,640 for disclosure compliance by installers, new home sellers, and retailers (125,982 hours × $20 per hour for sales persons).] Request for Comments You can file a comment online or on paper. For the Commission to consider your comment, we must receive it on or before December 24, 2014. Write ‘‘Rvalue Rule: FTC File No. R811001’’ on E:\FR\FM\24NON1.SGM 24NON1

Agencies

FEDERAL RESERVE SYSTEM

[Federal Register Volume 79, Number 226 (Monday, November 24, 2014)]
[Notices]
[Page 69849]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-27766]



[[Page 69849]]

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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
Sec.  225.28 of Regulation Y (12 CFR 225.28) or that the Board has 
determined by Order to be closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, these activities 
will be conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. The notice also will be available for inspection at the 
offices of the Board of Governors. Interested persons may express their 
views in writing on the question whether the proposal complies with the 
standards of section 4 of the BHC Act.
    Unless otherwise noted, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than December 09, 2014.
    A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, 
Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Peoples State Bancorp, Inc., through its subsidiary, Peoples 
State Bank of Munising, both in Munising, Michigan proposes to reduce 
its ownership in Lasco Development Corporation, Marquette, Michigan, to 
less than 100 percent. Lasco Development Corporation engages in the 
activity of data processing for financial institutions.

    Board of Governors of the Federal Reserve System, November 19, 
2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014-27766 Filed 11-21-14; 8:45 am]
BILLING CODE 6210-01-P

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