[Federal Register Volume 69, Number 65 (Monday, April 5, 2004)]
[Notices]
[Pages 17662-17663]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E4-761]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Board of Governors of the Federal Reserve System
SUMMARY: 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.

Request for comment on information collection proposals.

    The following information collections, which are being handled 
under this delegated authority, have received initial Board approval 
and are hereby published for comment. At the end of the comment period, 
the proposed information collections, along with an analysis of 
comments and recommendations received, will be submitted to the Board 
for final approval under OMB delegated authority. Comments are invited 
on the following:
    a. whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. the accuracy of the Federal Reserve's estimate of the burden of 
the proposed information collection, including the validity of the 
methodology and assumptions used;
    c. ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    d. ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology.

DATES: Comments must be submitted on or before June 4, 2004.

ADDRESSES: Comments should be mailed to Jennifer J. Johnson, Secretary, 
Board of Governors of the Federal Reserve System, 20th Street and 
Constitution Avenue, N.W., Washington, DC 20551. Please consider 
submitting your comments through the Board's web site at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm; by e-mail to 
[email protected]; or by fax to the Office of the 
Secretary at (202)452-3819 or (202) 452-3102. Rules proposed by the 
Board and other federal agencies may also be viewed and commented on at 
www.regulations.gov. All public comments are available from the Board's 
web site at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted, except as necessary for technical 
reasons. Accordingly, your comments will not be edited to remove any 
identifying or contact information. Public comments may also be viewed 
electronically or in paper in Room MP-500 of the Board's Martin 
Building (C and 20th Streets NW.) between 9 a.m. and 5 p.m. on 
weekdays.
    A copy of the comments may also be submitted to the OMB desk 
officer for

[[Page 17663]]

the Board: Joseph Lackey, Office of Information and Regulatory Affairs, 
Office of Management and Budget, New Executive Office Building, Room 
3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and 
instructions, the Paperwork Reduction Act Submission (OMB 83-I), 
supporting statement, and other documents that will be placed into 
OMB's public docket files once approved may be requested from the 
agency clearance officer, whose name appears below.
    Michelle Long, Acting Federal Reserve Board Clearance Officer, 
(202) 452-3829, Division of Research and Statistics, Board of Governors 
of the Federal Reserve System, Washington, DC 20551. Telecommunications 
Device for the Deaf (TDD) users may contact (202) 263-4869, Board of 
Governors of the Federal Reserve System, Washington, DC 20551.

SUPPLEMENTARY INFORMATION:

Proposal to Approve Under OMB Delegated Authority The Extension For 
Three Years, Without Revision, Of The Following Reports

    1. Report title: Notice of Proposed Stock Redemption.
    Agency form number: FR 4008.
    OMB control number: 7100-0131.
    Frequency: On occasion.
    Reporters: Bank holding companies.
    Annual reporting hours: 171 hours.
    Estimated average hours per response: 15.5 hours.
    Number of respondents: 11.
    General description of report: This information collection is 
mandatory (12 U.S.C. Sec.  1844(c)) and is generally not given 
confidential treatment.
    Abstract: The Federal Reserve requires certain bank holding 
companies (BHCs), based on an amount of redemptions over a defined 
period, to give written notice to the appropriate Reserve Bank before 
purchasing or redeeming their equity securities. There is no formal 
reporting form. The Federal Reserve uses the information to fulfill its 
statutory obligation to supervise BHCs.
    2. Report title: Notice Claiming Status as an Exempt Transfer Agent
    Agency form number: FR 4013.
    OMB control number: 7100-0137.
    Frequency: On occasion.
    Reporters: Banks, bank holding companies (BHCs), and certain trust 
companies.
    Annual reporting hours: 6 hours.
    Estimated average hours per response: 2 hours.
    Number of respondents: 3.
    General description of report: This information collection is 
voluntary (15 U.S.C. 78q-1(c)(1)) and the Federal Reserve is authorized 
to collect this data (15 U.S.C. 78c (a)(34)(B)(ii)). The data collected 
are not given confidential treatment.
    Abstract: Banks, BHCs, and trust companies subject to the Federal 
Reserve's supervision that are low-volume transfer agents voluntarily 
file the notice on occasion with the Federal Reserve. Transfer agents 
are institutions that provide securities transfer, registration, 
monitoring, and other specified services on behalf of securities 
issuers. The purpose of the notice, which is effective until the agent 
withdraws it, is to claim exemption from certain rules and regulations 
of the Securities and Exchange Commission (SEC). The Federal Reserve 
uses the notices for supervisory purposes because the SEC has assigned 
to the Federal Reserve responsibility for collecting the notices and 
verifying their accuracy through examinations of the respondents. The 
notice is made by letter; there is no reporting form.
    3. Report title: Reports Related to Securities Issued by State 
Member Banks as Required by Regulation H.
    Agency form number: Reg H-1.
    OMB control number: 7100-0091.
    Frequency: On occasion.
    Reporters: State member banks.
    Annual reporting hours: 1,390 hours.
    Estimated average hours per response: 5.11 hours.
    Number of respondents: 16.
    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.

    Board of Governors of the Federal Reserve System, March 30, 
2004.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E4-761 Filed 4-2-04; 8:45 am]
BILLING CODE 6210-01-S