[Federal Register Volume 62, Number 19 (Wednesday, January 29, 1997)]
[Notices]
[Pages 4289-4290]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-2159]


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FEDERAL RESERVE SYSTEM

Agency information collection activities: Submission to OMB under 
delegated authority

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). 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:
Chief, Financial Reports Section--Mary M. McLaughlin--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 3208, Washington, DC 20503 (202-395-7860)
    Final approval under OMB delegated authority of the extension, with 
revision, of the following reports:
    1. Report titles: Interagency Notice of Change in Control, 
Interagency Notice of Change in Director or Senior Executive Officer, 
and Interagency Biographical and Financial Report
Agency form numbers: FR 2081a, FR 2081b, and FR 2081c
OMB Control number: 7100-0134
Effective Date: February 28, 1997
Frequency: On occasion
Reporters: Financial institutions and certain of their officers and 
shareholders
Annual reporting hours: Interagency Notice of Change in Control--9.000 
hours; Interagency Notice of Change in Director or Senior Executive 
Officer--560 hours; Interagency Biographical and Financial Report--
4,000 hours; Total--13,560 hours
Estimated average hours per response: Interagency Notice of Change in 
Control--30 hours; Interagency Notice of Change in Director or Senior 
Executive Officer--2 hours; Interagency Biographical and Financial 
Report--4 hours
Number of respondents: Interagency Notice of Change in Control--300; 
Interagency Notice of Change in Director or Senior Executive Officer--
280; Interagency Biographical and Financial Report--1,000
Small businesses are affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 1817(j) and 12 U.S.C. 1831(i)) and is not given 
confidential treatment.
    Abstract: The collections of information are necessary in order to 
eliminate duplicative filings and to satisfy federal law and regulatory 
authority for each agency. The Federal Reserve uses the biographical 
portions of the collections to evaluate the competence, experience, 
character, and integrity of persons proposed as organizers, senior 
executive officers, directors, or principal shareholders. The financial 
portion is used to evaluate the financial ability of persons proposed 
as

[[Page 4290]]

organizers, senior executive officers, directors, or principal 
shareholders. The reports are also used to allow or disapprove proposed 
acquisitions.
    A task force of the Federal Financial Institutions Examination 
Council has adapted, reformatted, and retitled the three reports, 
pursuant to the Riegle Community Development and Regulatory Improvement 
Act of 1994. Comments were solicited in the Federal Register on August 
13, 1996 (61 FR 42085) and on November 29, 1996 (61 FR 60748). No 
comments were received on any of the forms.
    Board of Governors of the Federal Reserve System, January 23, 
1997.
William W. Wiles
Secretary of the Board.
[FR Doc. 97-2159 Filed 1-28-76; 8:45 am]
BILLING CODE 6210-01-F