[Federal Register: May 17, 2007 (Volume 72, Number 95)]
[Notices]
[Page 27813-27814]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr17my07-43]
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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:
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 --Michelle Shore--Division of Research and Statistics, Board of
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829).
OMB Desk Officer--Alexander T. Hunt--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, without revision, of the following reports:
1. Report title: Notification of Nonfinancial Data Processing
Activities
Agency form number: FR 4021
OMB control number: 7100-0306
Frequency: On occasion
Reporters: Bank holding companies
Annual reporting hours: 4 hours
Estimated average hours per response: 2 hours
Number of respondents: 2
General description of report: This information collection is
required to obtain a benefit. (12 U.S.C. 1843(c)(8), (j) and (k)) and
may be given confidential treatment upon request (5 U.S.C. 552(b)(4)).
Abstract: Bank holding companies submit this notification to
request permission to administer the 49-percent
[[Page 27814]]
revenue limit on nonfinancial data processing activities on a business-
line or multiple-entity basis. A request may be filed in a letter form;
there is no reporting form for this information collection.
2. Report title: Survey of Financial Management Behaviors of
Military Personnel
Agency form number: FR 1375
OMB control number: 7100-0307
Frequency: Semi-annually
Reporters: Military personnel
Annual reporting hours: 2,640 hours
Estimated average hours per response: 20 minutes
Number of respondents: 4,000
General description of report: This information collection is
voluntary. The statutory basis for collecting this information is
section 2A of the Federal Reserve Act [12 U.S.C. Sec. 225a]; the Bank
Merger Act [12 U.S.C. Sec. 1828(c)]; and sections 3 and 4 of the Bank
Holding Company Act [12 U.S.C. Sec. Sec. 1842 and 1843 and 12 U.S.C.
Sec. Sec. 353 and 461]. No issue of confidentiality normally arises
because names and any other characteristics that would permit personal
identification of respondents will not be reported to the Board.
Abstract: This survey gathers data from two groups of military
personnel: (1) those completing a financial education course as part of
their advanced training and (2) those not completing a financial
education course. These two groups are surveyed on their financial
management behaviors and changes in their financial situations over
time. Data from the survey help to determine the effectiveness of
financial education for young adults in the military and the durability
of the effects as measured by financial status of those receiving
financial education early in their military careers.
3. Report title: Survey to Obtain Information on the Relevant
Market in Individual Merger Cases
Agency form number: FR 2060
OMB control number: 7100-0232
Frequency: On occasion
Reporters: Small businesses and consumers
Annual reporting hours: 18 hours
Estimated average hours per response: Small businesses, 10 minutes;
Consumers, 6 minutes.
Number of respondents: 25 small businesses and 50 consumers per
survey
General description of report: This information collection is
voluntary (12 U.S.C. 1817(j), 1828(c), and 1842)) and is given
confidential treatment (5 U.S.C. 552 (b)(4) and (b)(6)).
Abstract: The Federal Reserve uses this information to define
relevant banking markets for specific merger and acquisition
applications and to evaluate changes in competition that would result
from proposed transactions.
4. Report title: Notice of Branch Closure
Agency form number: FR 4031
OMB control number: 7100-0264
Frequency: On occasion
Reporters: State member banks
Annual burden hours: 423 hours
Estimated average hours per response: Reporting requirements, 2
hours; Disclosure requirements, 1 hour; Recordkeeping requirements, 8
hours.
Number of respondents: 124
General description of report: This information collection is
mandatory (12 U.S.C. 1831r-l(a)(1)) and may be given confidential
treatment upon request (5 U.S.C. 552(b)(4)).
Abstract: The mandatory reporting, recordkeeping, and disclosure
requirements regarding the closing of any branch of an insured
depository institution are imposed by section 228 of the Federal
Deposit Insurance Corporation Improvement Act of 1991. There is no
reporting form associated with the reporting portion of this
information collection; state member banks notify the Federal Reserve
by letter prior to closing a branch. The Federal Reserve uses the
information to fulfill its statutory obligation to supervise state
member banks.
5. Report title: Reports Related to Securities of State Member
Banks as Required by Regulation H
Agency form number: Reg H-1
OMB Control number: 7100-0091
Frequency: Quarterly and on occasion
Reporters: State member banks
Annual reporting hours: 1,477 hours
Estimated average hours per response: 5.11 hours
Number of respondents: 17
General description of report: This information collection is
mandatory (15 U.S.C. 781(i)) and is not given confidential treatment.
Abstract: The Federal Reserve's Regulation H requires certain state
member banks to submit information relating to their securities to the
Federal Reserve on the same forms that bank holding companies and
nonbank entities use to submit similar information to the Securities
and Exchange Commission. The information is primarily used for public
disclosure and is available to the public upon request.
Current Actions: On March 9, 2007, the Federal Reserve published a
notice in the Federal Register (72 FR 10762) requesting public comment
for 60 days on the extension, without revision, of the: FR 4021, FR
1375, FR 2060, FR 4031, and Reg H-1. The comment period for this notice
expired on May 8, 2007. No substantive comments were received.
Board of Governors of the Federal Reserve System, May 11, 2007.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. E7-9444 Filed 5-16-07; 8:45 am]
BILLING CODE 6210-01-S