[Federal Register Volume 75, Number 73 (Friday, April 16, 2010)]
[Notices]
[Pages 19973-19974]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-8675]
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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: 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--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, without revision, of the following reports:
1. Report title: Written Security Program for State Member Banks.
Agency form number: FR 4004.
OMB Control number: 7100-0112.
Frequency: On occasion.
Reporters: State member banks.
Estimated annual reporting hours: 22 hours.
Estimated average hours per response: 0.5 hours.
Number of respondents: 43.
General description of report: This recordkeeping requirement is
mandatory pursuant to section 3 of the Bank Protection Act [12 U.S.C.
1882(a)] and Regulation H [12 CFR 208.61]. Because written security
programs are maintained at state member banks, no issue of
confidentiality under the Freedom of Information Act normally arises.
However, copies of such documents included in examination work papers
would, in such form, be confidential pursuant to exemption 8 of the
Freedom of Information Act [5 U.S.C. 552(b)(8)].
Abstract: Each state member bank must develop and implement a
written security program and maintain it in the bank's records. This
program should include a requirement to install security devices and
should establish procedures that satisfy minimum standards in the
regulation, with the security officer determining the need for
additional security devices and procedures based on the location of the
banking office. There is no formal reporting form and the information
is not submitted to the Federal Reserve.
Current Actions: On February 2, 2010, the Federal Reserve published
a notice in the Federal Register (75 FR 5320) requesting public comment
for 60 days on the extension, without revision, of the FR 4004. The
comment period for this notice expired on April 5, 2010. No comments
were received.
2. Report title: Uniform Application for Municipal Securities
Principal or Municipal Securities Representative Associated with a Bank
Municipal Securities Dealer; Uniform Termination Notice for Municipal
Securities Principal or Municipal Securities Representative Associated
with a Bank Municipal Securities Dealer.
Agency form number: FR MSD-4 and FR MSD-5.
OMB control number: 7100-0100 and 7100-0101.
Frequency: On occasion.
Reporters: State member banks and foreign dealer banks engaging in
activities as municipal securities dealers.
Estimated annual reporting hours: FR MSD-4, 48 hours; and FR MSD-5,
36 hours.
Estimated average hours per response: FR MSD-4, 1 hour; and FR MSD-
5, 0.25 hours.
Number of respondents: FR MSD-4, 48; and FR MSD-5, 144.
General description of report: These information collections are
mandatory pursuant to the Federal Reserve Act (12 U.S.C. 248(a)(1)) for
state member banks and (12 U.S.C. 3105(c)(2)) for foreign bank branches
and agencies and are given confidential treatment (5 U.S.C. 552(b)(6)).
Abstract: The FR MSD-4 collects information, such as personal
history and professional qualifications, on an employee whom the bank
wishes to assume the duties of a municipal securities principal or
representative. The FR MSD-5 collects the date of, and reason for,
termination of such an employee.
Current Actions: On February 2, 2010, the Federal Reserve published
a notice in the Federal Register (75 FR 5320) requesting public comment
for 60 days on the extension, without revision, of the FR MSD-4 and FR
MSD-5. The comment period for this notice expired on April 5, 2010. No
comments were received.
3. Report title: Notice By Financial Institutions of Government
Securities Broker or Government Securities Dealer Activities; Notice By
Financial Institutions of Termination of Activities as a Government
Securities Broker or Government Securities Dealer.
Agency form number: FR G-FIN and FR G-FINW.
OMB control number: 7100-0224.
Frequency: On occasion.
Reporters: State member banks, foreign banks, uninsured state
branches or state agencies of foreign banks, commercial lending
companies owned or controlled by foreign banks, and Edge corporations.
Estimated annual reporting hours: FR G-FIN, 10 hours; and FR G-
FINW, 2 hours.
Estimated average hours per response: FR G-FIN, 1 hour; and FR G-
FINW, 0.25 hours.
Number of respondents: FR G-FIN, 10; and FR G-FINW, 8.
General description of report: These information collections are
mandatory pursuant to the Securities and Exchange Act of 1934 (15
U.S.C. 78o-5(a)(1)(B)) and are not given confidential treatment.
Abstract: The Government Securities Act of 1986 (the Act) requires
financial institutions to notify their appropriate regulatory authority
of their intent to engage in government securities broker or dealer
activity, to amend information submitted previously, and to record
their termination of such activity. The Federal Reserve Board uses the
information in its supervisory capacity to measure compliance with the
Act.
Current Actions: On February 2, 2010, the Federal Reserve published
a notice in the Federal Register (75 FR 5320) requesting public comment
for 60 days on the extension, without revision, of the FR G-FIN and FR
G-FINW. The comment period for this notice expired on April 5, 2010. No
comments were received.
[[Page 19974]]
Board of Governors of the Federal Reserve System, April 12,
2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-8675 Filed 4-15-10; 8:45 am]
BILLING CODE 6210-01-P