Federal Reserve System August 2006 – Federal Register Recent Federal Regulation Documents

Proposed Agency Information Collection Activities; Comment Request
Document Number: E6-14503
Type: Notice
Date: 2006-08-31
Agency: Federal Reserve System, Agencies and Commissions
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, 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 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 OMB 83-Is and 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.
Agency Information Collection Activities: Proposed Collection; Comment Request
Document Number: 06-7271
Type: Notice
Date: 2006-08-31
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Federal Trade Commission, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Comptroller of the Currency
In accordance with the requirements of the Paperwork Reduction Act of 1995, the OCC, the Board, the FDIC, the OTS, the NCUA, and the FTC (Agencies) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. Pursuant to section 214(e) of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act or Act), the Agencies are requesting public comment on a proposed information collection concerning the ``Survey of Information Sharing Practices with Affiliates'' (Survey).
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-14447
Type: Notice
Date: 2006-08-30
Agency: Federal Reserve System, Agencies and Commissions
Electronic Fund Transfers
Document Number: E6-14342
Type: Rule
Date: 2006-08-30
Agency: Federal Reserve System, Agencies and Commissions
The Board is amending Regulation E, which implements the Electronic Fund Transfer Act, and the official staff commentary to the regulation, which interprets the requirements of Regulation E. The amendments clarify that the requirement to obtain a consumer's authorization to collect a service fee for insufficient or uncollected funds through an electronic debit to the consumer's account applies to any person that intends to collect the fee in that manner. The amendments also clarify notice requirements for electronic check conversion transactions and for collecting insufficient funds fees electronically. This interim final rule, for which the Board is seeking comment, will supersede the corresponding provisions of the January 2006 final rule that addressed these topics.
Electronic Fund Transfers
Document Number: 06-7223
Type: Rule
Date: 2006-08-30
Agency: Federal Reserve System, Agencies and Commissions
The Board is amending Regulation E, which implements the Electronic Fund Transfer Act, and the official staff commentary to the regulation, which interprets the requirements of Regulation E. The final rule provides that Regulation E covers payroll card accounts that are established directly or indirectly through an employer, and to which transfers of the consumer's salary, wages, or other employee compensation are made on a recurring basis. The final rule also provides financial institutions with an alternative to providing periodic statements for payroll card accounts if they make account information available to consumers by specified means.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-14310
Type: Notice
Date: 2006-08-29
Agency: Federal Reserve System, Agencies and Commissions
Sunshine Act Meeting
Document Number: 06-7253
Type: Notice
Date: 2006-08-29
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-14206
Type: Notice
Date: 2006-08-28
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-14192
Type: Notice
Date: 2006-08-28
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-14067
Type: Notice
Date: 2006-08-24
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E6-14066
Type: Notice
Date: 2006-08-24
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E6-13972
Type: Notice
Date: 2006-08-23
Agency: Federal Reserve System, Agencies and Commissions
Agency Information Collection Activities: Submission for OMB Review; Comment Request
Document Number: E6-13939
Type: Notice
Date: 2006-08-23
Agency: Federal Reserve System, Agencies and Commissions
In accordance with the requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the Board, the Federal Deposit Insurance Corporation (``FDIC''), and the Office of the Comptroller of the Currency (``OCC'') (collectively, the ``agencies''), may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (``OMB'') control number. On May 2, 2006, the Board, under the auspices of the Federal Financial Institutions Examination Council (``FFIEC'') and on behalf of the agencies, published a notice in the Federal Register (71 FR 25842) requesting public comment for 60 days on the extension, without revision, of the Country Exposure Report for U.S. Branches and Agencies of Foreign Banks (``FFIEC 019''), which is a currently approved information collection. The comment period for this notice expired on July 3, 2006. No comments were received. The Board hereby gives notice that it plans to submit to OMB on behalf of the agencies a request for approval of the FFIEC 019.
Change in Bank Control Notices, Acquisition of Shares of Bank or Bank Holding Companies; Correction
Document Number: E6-13893
Type: Notice
Date: 2006-08-22
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices, Acquisition of Shares of Bank or Bank Holding Companies; Correction
Document Number: E6-13892
Type: Notice
Date: 2006-08-22
Agency: Federal Reserve System, Agencies and Commissions
Agency Information Collection Activities: Submission for OMB Review; Comment Request
Document Number: E6-13833
Type: Notice
Date: 2006-08-22
Agency: Federal Reserve System, Agencies and Commissions
In accordance with the requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the ``agencies'') may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. On June 5, 2006, the Board, under the auspices of the Federal Financial Institutions Examination Council (FFIEC) and on behalf of the agencies, published a notice in the Federal Register (71 FR 32347) requesting public comment for 60 days on the revision of the Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002), which is a currently approved information collection. The comment period for this notice expired on August 4, 2006. After receiving one supportive comment letter, the FFIEC and the agencies have made no modifications to the proposal, but are providing transition guidance. The Board hereby gives notice that it plans to submit to OMB on behalf of the agencies a request for approval of the FFIEC 002.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-13832
Type: Notice
Date: 2006-08-22
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E6-13655
Type: Notice
Date: 2006-08-18
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-13654
Type: Notice
Date: 2006-08-18
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E6-13605
Type: Notice
Date: 2006-08-18
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-13455
Type: Notice
Date: 2006-08-16
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E6-13324
Type: Notice
Date: 2006-08-15
Agency: Federal Reserve System, Agencies and Commissions
Sunshine Act Meeting
Document Number: 06-6960
Type: Notice
Date: 2006-08-15
Agency: Federal Reserve System, Agencies and Commissions
Truth in Lending
Document Number: E6-13281
Type: Rule
Date: 2006-08-14
Agency: Federal Reserve System, Agencies and Commissions
The Board is publishing a final rule amending the staff commentary that interprets the requirements of Regulation Z (Truth in Lending). The Board is required to adjust annually the dollar amount that triggers requirements for certain home mortgage loans bearing fees above a certain amount. The Home Ownership and Equity Protection Act of 1994 (HOEPA) sets forth rules for home-secured loans in which the total points and fees payable by the consumer at or before loan consummation exceed the greater of $400 or 8 percent of the total loan amount. In keeping with the statute, the Board has annually adjusted the $400 amount based on the annual percentage change reflected in the Consumer Price Index that is in effect on June 1. The adjusted dollar amount for 2007 is $547.
Reserve Requirements of Depository Institutions
Document Number: E6-13235
Type: Proposed Rule
Date: 2006-08-14
Agency: Federal Reserve System, Agencies and Commissions
The Board proposes to revise its 1980 interpretation of Regulation D (Reserve Requirements of Depository Institutions) setting forth criteria for the ``bankers' bank'' exemption from reserve requirements. The interpretation sets forth the standards that the Board uses in applying the statutory and regulatory requirements for the bankers' banks exemption to specific institutions. The proposed revisions would authorize the Board to determine, on a case by case basis, whether certain entities not already expressly authorized in the interpretation may become customers to a limited extent of bankers' banks.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-13232
Type: Notice
Date: 2006-08-14
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-13137
Type: Notice
Date: 2006-08-11
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-13026
Type: Notice
Date: 2006-08-10
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-13014
Type: Notice
Date: 2006-08-10
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-13012
Type: Notice
Date: 2006-08-10
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-12921
Type: Notice
Date: 2006-08-09
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-12875
Type: Notice
Date: 2006-08-08
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E6-12874
Type: Notice
Date: 2006-08-08
Agency: Federal Reserve System, Agencies and Commissions
Rules Regarding Equal Opportunity
Document Number: E6-12732
Type: Rule
Date: 2006-08-07
Agency: Federal Reserve System, Agencies and Commissions
The Board of Governors of the Federal Reserve System (the Board) is soliciting comments on a new interim rule that would amend the section of its Rules Regarding Equal Opportunity (EEO Rules) which governs the employment of persons who are not United States citizens consistent with the Board's requirements for the security of its information. The amendment revises an earlier interim rule that clarified the limitations on access to sensitive information by non- citizen employees to Federal Open Market Committee (FOMC) information. The amendment, which concerns the internal management of the Board, is issued as an immediately effective interim rule, with opportunity for public comment, to ensure that hiring decisions facing the Board can be made as soon as possible.
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-12608
Type: Notice
Date: 2006-08-04
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E6-12487
Type: Notice
Date: 2006-08-03
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-12486
Type: Notice
Date: 2006-08-03
Agency: Federal Reserve System, Agencies and Commissions
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Document Number: E6-12399
Type: Notice
Date: 2006-08-02
Agency: Federal Reserve System, Agencies and Commissions
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Document Number: E6-12398
Type: Notice
Date: 2006-08-02
Agency: Federal Reserve System, Agencies and Commissions
Sunshine Act Meeting
Document Number: 06-6654
Type: Notice
Date: 2006-08-02
Agency: Federal Reserve System, Agencies and Commissions