[Federal Register Volume 73, Number 74 (Wednesday, April 16, 2008)]
[Notices]
[Pages 20673-20674]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-8115]


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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 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 
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--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, with revision, of the following reports:
    1. Report titles: Application for Prior Approval to Become a Bank 
Holding Company or for a Bank Holding Company to Acquire an Additional 
Bank or Bank Holding Company; Notification for Prior Approval to Become 
a Bank Holding Company or for a Bank Holding Company to Acquire an 
Additional Bank or Bank Holding Company; and Notification for Prior 
Approval to Engage Directly or Indirectly in Certain Nonbanking 
Activities.
    Agency form numbers: FR Y-3, FR Y-3N, and FR Y-4.
    OMB control number: 7100-0121.
    Frequency: Event generated.
    Reporters: Corporations seeking to become bank holding companies 
(BHCs), or BHCs and state chartered banks that are members of the 
Federal Reserve System.
    Annual reporting hours: 22,920 hours.
    Estimated average hours per response: FR Y-3 Section 3(a)(1): 49 
hours; FR Y-3. Section 3(a)(3) and 3(a)(5): 59.5 hours; FR Y-3N Section 
3(a)(1), 3(a)(3), and 3(a)(5): 5 hours; FR Y-4 Complete notification: 
12 hours; FR Y-4 Expedited notification: 5 hours; and FR Y-4 Post-
consummation: 30 minutes.
    Number of respondents: 674.
    General description of report: This information collection is 
mandatory (12 U.S.C. 1842(a), 1844(b), and 1843(j)(1)(b)). The forms 
are designed so that all information contained in a filing is available 
to the public unless the applicant, notificant, or individual(s) can 
substantiate that an exemption under the Freedom of Information Act 
(FOIA) is satisfied.
    Abstract: The Federal Reserve requires the submission of these 
filings for regulatory and supervisory purposes and to allow the 
Federal Reserve to fulfill its statutory obligations under the Bank 
Holding Company Act of 1956. These filings collect information on 
proposals by bank holding companies involving formations, acquisitions, 
mergers, and nonbanking activities. The Federal Reserve must obtain 
this information to evaluate each individual transaction with respect 
to financial and managerial factors, permissibility, competitive 
effects, net public benefits, and the impact on the convenience and 
needs of affected communities.
    Current Actions: On February 4, 2008, the Federal Reserve published 
a notice in the Federal Register (73 FR 6515) requesting public comment 
for sixty days on the extension, with revision, of the application and 
notification forms.

[[Page 20674]]

The comment period for this notice expired on April 4, 2008. The 
Federal Reserve did not receive any comment letters. The revisions will 
be implemented as proposed.
    2. Report title: International Applications and Prior Notifications 
under Subparts A and C of Regulation K.
    Agency form number: FR K-1.
    OMB control number: 7100-0107.
    Frequency: Event generated.
    Reporters: State member banks, Edge and agreement corporations, 
bank holding companies, and certain foreign banking organizations.
    Annual reporting hours: 889 hours.
    Estimated average hours per response: Attachments A and B, 11.5 
hours; Attachments C through G, 10 hours; Attachments H and I, 15.5 
hours; Attachment J, 10 hours; Attachment K, 20 hours.
    Number of respondents: 29.
    General description of report: This information collection is 
mandatory (12 U.S.C. 601-604(a) and 611-631)) and (12 U.S.C. 
1843(c)(13), 1843(c)(14) and 1844(c)). The applying organization has 
the opportunity to request confidentiality for information that it 
believes will qualify for an FOIA exemption.
    Abstract: Subpart A of Regulation K governs the foreign investments 
and activities of member banks, Edge and agreement corporations, bank 
holding companies, and certain investments by foreign organizations. 
Subpart C of Regulation K governs investments in export trading 
companies. The FR K-1 information collection contains eleven 
attachments for the application and notification requirements embodied 
in Subparts A and C of Regulation K. The Federal Reserve requires these 
applications for regulatory and supervisory purposes and to allow the 
Federal Reserve to fulfill its statutory obligations under the Federal 
Reserve Act and the Bank Holding Company Act of 1956.
    Current Actions: On February 4, 2008, the Federal Reserve published 
a notice in the Federal Register (73 FR 6515) requesting public comment 
for sixty days on the extension, with revision, of the application and 
notification forms. The comment period for this notice expired on April 
4, 2008. The Federal Reserve did not receive any comment letters. The 
revisions will be implemented as proposed.
    3. Report titles: Consumer Satisfaction Questionnaire; Federal 
Reserve Consumer Help Center Survey; and Federal Reserve Consumer Help 
Online Complaint Form.
    Agency form numbers: FR 1379a, FR 1379b, and FR 1379c.
    OMB control number: 7100-0135.
    Frequency: Event generated.
    Reporters: Consumers.
    Annual reporting hours: 2,037 hours.
    Estimated average hours per response: FR 1379a: 5 minutes; FR 
1379b: 5 minutes; FR 1379c: 10 minutes.
    Number of respondents: FR 1379a: 2,640; FR 1379b: 1,800; FR 1379c: 
10,000.
    General description of report: This information collection is 
voluntary and authorized by law (15 U.S.C. 57(a)(f)(1)). While the 
individual respondent's information is confidential, once such 
information has been aggregated, the aggregated information is not 
considered confidential. The information may be aggregated with 
responses from other respondents and released in statistical format 
while maintaining the privacy of the individual respondents. If a 
respondent provides information not specifically solicited on the form, 
that information may be exempt from disclosure under FOIA (5 U.S.C. 
Sec.  552(b)(4), (b)(6), or (b)(7)) upon specific request from the 
respondent.
    Abstract: The FR 1379 questionnaires are sent to consumers who have 
filed complaints with the Federal Reserve against state member banks. 
The information gathered on the questionnaires is used to determine 
whether consumers are satisfied with the way the Federal Reserve Bank 
handled their complaints and to solicit suggestions for improving the 
complaint investigation process.
    Current Actions: On February 4, 2008, the Federal Reserve published 
a notice in the Federal Register (73 FR 6515) requesting public comment 
for sixty days on the extension, with revision, for the FR 1379a, b, c 
questionnaires. The comment period expired on April 4, 2008. The 
Federal Reserve did not receive any comment letters. The revisions will 
be implemented as proposed.

    Board of Governors of the Federal Reserve System, April 11, 
2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8-8115 Filed 4-15-08; 8:45 am]
BILLING CODE 6210-01-P