[Federal Register Volume 68, Number 128 (Thursday, July 3, 2003)]
[Notices]
[Pages 39951-39952]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-16882]


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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 collection 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 OMB 83-I;s and 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 -Cindy Ayouch--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829).
    OMB Desk Officer-Joseph Lackey--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 report:

    Report title: Reporting and Disclosure Requirements in Connection 
with Regulation W (12 CFR Part 223 Transactions Between Member Banks 
and Their Affiliates)
    Agency form number: Reg W
    OMB Control number: 7100-0304
    Frequency: Event-generated
    Reporters: Insured depository institutions and uninsured member 
banks
    Estimated annual reporting hours: 250 hours
    Estimated average hours per response: Loan participation renewal 
notice, 2 hours. Acquisition notice, 6 hours. Internal corporate 
reorganization transactions notice, 6 hours. Section 23A additional 
exemption notice, 10 hours.
    Estimated number of respondents: 45
    Small businesses are affected.
    General description of report: This information collection is 
required to

[[Page 39952]]

evidence compliance with sections 23A and 23B of the Federal Reserve 
Act (12 U.S.C. 371c(f) and 371c-1(e)). Confidential and proprietary 
information collected for the purposes of the Loan Participation 
Renewal 12 CFR 223.15(b)(4) and Internal Corporate Reorganization 
Transactions 12 CFR 223.41(d)(2) notices may be protected under the 
authority of the Freedom of Information Act [5U.S.C. Sec.  552(b)(4) 
and (b)(8)]. Section (b)(4) exempts information deemed competitively 
sensitive from disclosure and Section (b)(8) exempts information 
``contained in or related to examination, operating, or condition 
reports prepared by, on behalf of, or for the use of an agency 
responsible for the regulation or supervision of financial 
institutions.''
    Abstract: On December 12, 2002, the Board of Governors of the 
Federal Reserve published a Federal Register notice adopting a final 
rule (Regulation W) to implement comprehensively sections 23A and 23B 
of the Federal Reserve Act and provide several new exemptions 
consistent with the purposes of the statute (67 FR 76603), effective 
April 1, 2003. The Paperwork Reduction Act section of this notice 
contained a request for public comment on the information collection in 
Reg W. The Federal Reserve did not receive any comments on this 
request. Pursuant to 5 CFR 1320.16 this is a final notice announcing 
the Board's approval of the information collection.

    Board of Governors of the Federal Reserve System, June 27, 2003.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. 03-16882 Filed 7-2-03; 8:45 am]
BILLING CODE 6210-01-S