[Federal Register Volume 71, Number 232 (Monday, December 4, 2006)]
[Notices]
[Pages 70392-70393]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-20424]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

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

Request for comment on information collection proposal

    The following information collection, which is being handled under 
this delegated authority, has received initial Board approval and is 
hereby published for comment. At the end of the comment period, the 
proposed information collection, 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 February 2, 2007.

ADDRESSES: You may submit comments, identified by FR 4004 (OMB No. 
7100-0112), by any of the following methods:
     Agency Web Site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail: [email protected]. Include the OMB 
control number in the subject line of the message.
     FAX: 202-452-3819 or 202-452-3102.
     Mail: Jennifer J. Johnson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue, 
N.W., Washington, DC 20551.
    All public comments are available from the Board's web site at 
www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted, 
unless modified 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 (20th and C Streets, NW.) between 9 a.m. 
and 5:00 p.m. on weekdays.

FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and 
instructions, the Paperwork Reduction Act Submission, 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, 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.

Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following report:

    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
    Annual reporting hours: 35 hours
    Estimated average hours per response: 0.5 hours
    Number of respondents: 70
    General description of report: This recordkeeping requirement is 
mandatory pursuant to section 3 of the Bank Protection Act [12 U.S.C. 
Sec.  1882(a)] and Regulation H [12 CFR Sec.  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. Sec.  552(b)(8)].
    Abstract: Each state member bank must develop and implement a 
written security program and maintain it in the

[[Page 70393]]

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.

    Board of Governors of the Federal Reserve System, November 29, 
2006.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E6-20424 Filed 12-1-06; 8:45 am]
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