[Federal Register Volume 72, Number 95 (Thursday, May 17, 2007)]
[Notices]
[Pages 27813-27814]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-9444]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System
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 
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.

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--Alexander T. Hunt--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: Notification of Nonfinancial Data Processing 
Activities
    Agency form number: FR 4021
    OMB control number: 7100-0306
    Frequency: On occasion
    Reporters: Bank holding companies
    Annual reporting hours: 4 hours
    Estimated average hours per response: 2 hours
    Number of respondents: 2
    General description of report: This information collection is 
required to obtain a benefit. (12 U.S.C. 1843(c)(8), (j) and (k)) and 
may be given confidential treatment upon request (5 U.S.C. 552(b)(4)).
    Abstract: Bank holding companies submit this notification to 
request permission to administer the 49-percent

[[Page 27814]]

revenue limit on nonfinancial data processing activities on a business-
line or multiple-entity basis. A request may be filed in a letter form; 
there is no reporting form for this information collection.
    2. Report title: Survey of Financial Management Behaviors of 
Military Personnel
    Agency form number: FR 1375
    OMB control number: 7100-0307
    Frequency: Semi-annually
    Reporters: Military personnel
    Annual reporting hours: 2,640 hours
    Estimated average hours per response: 20 minutes
    Number of respondents: 4,000
    General description of report: This information collection is 
voluntary. The statutory basis for collecting this information is 
section 2A of the Federal Reserve Act [12 U.S.C. Sec.  225a]; the Bank 
Merger Act [12 U.S.C. Sec.  1828(c)]; and sections 3 and 4 of the Bank 
Holding Company Act [12 U.S.C. Sec. Sec.  1842 and 1843 and 12 U.S.C. 
Sec. Sec.  353 and 461]. No issue of confidentiality normally arises 
because names and any other characteristics that would permit personal 
identification of respondents will not be reported to the Board.
    Abstract: This survey gathers data from two groups of military 
personnel: (1) those completing a financial education course as part of 
their advanced training and (2) those not completing a financial 
education course. These two groups are surveyed on their financial 
management behaviors and changes in their financial situations over 
time. Data from the survey help to determine the effectiveness of 
financial education for young adults in the military and the durability 
of the effects as measured by financial status of those receiving 
financial education early in their military careers.
    3. Report title: Survey to Obtain Information on the Relevant 
Market in Individual Merger Cases
    Agency form number: FR 2060
    OMB control number: 7100-0232
    Frequency: On occasion
    Reporters: Small businesses and consumers
    Annual reporting hours: 18 hours
    Estimated average hours per response: Small businesses, 10 minutes; 
Consumers, 6 minutes.
    Number of respondents: 25 small businesses and 50 consumers per 
survey
    General description of report: This information collection is 
voluntary (12 U.S.C. 1817(j), 1828(c), and 1842)) and is given 
confidential treatment (5 U.S.C. 552 (b)(4) and (b)(6)).
    Abstract: The Federal Reserve uses this information to define 
relevant banking markets for specific merger and acquisition 
applications and to evaluate changes in competition that would result 
from proposed transactions.
    4. Report title: Notice of Branch Closure
    Agency form number: FR 4031
    OMB control number: 7100-0264
    Frequency: On occasion
    Reporters: State member banks
    Annual burden hours: 423 hours
    Estimated average hours per response: Reporting requirements, 2 
hours; Disclosure requirements, 1 hour; Recordkeeping requirements, 8 
hours.
    Number of respondents: 124
    General description of report: This information collection is 
mandatory (12 U.S.C. 1831r-l(a)(1)) and may be given confidential 
treatment upon request (5 U.S.C. 552(b)(4)).
    Abstract: The mandatory reporting, recordkeeping, and disclosure 
requirements regarding the closing of any branch of an insured 
depository institution are imposed by section 228 of the Federal 
Deposit Insurance Corporation Improvement Act of 1991. There is no 
reporting form associated with the reporting portion of this 
information collection; state member banks notify the Federal Reserve 
by letter prior to closing a branch. The Federal Reserve uses the 
information to fulfill its statutory obligation to supervise state 
member banks.
    5. Report title: Reports Related to Securities of State Member 
Banks as Required by Regulation H
    Agency form number: Reg H-1
    OMB Control number: 7100-0091
    Frequency: Quarterly and on occasion
    Reporters: State member banks
    Annual reporting hours: 1,477 hours
    Estimated average hours per response: 5.11 hours
    Number of respondents: 17
    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.
    Current Actions: On March 9, 2007, the Federal Reserve published a 
notice in the Federal Register (72 FR 10762) requesting public comment 
for 60 days on the extension, without revision, of the: FR 4021, FR 
1375, FR 2060, FR 4031, and Reg H-1. The comment period for this notice 
expired on May 8, 2007. No substantive comments were received.

    Board of Governors of the Federal Reserve System, May 11, 2007.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. E7-9444 Filed 5-16-07; 8:45 am]
BILLING CODE 6210-01-S