[Federal Register Volume 75, Number 21 (Tuesday, February 2, 2010)]
[Notices]
[Pages 5320-5322]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-2132]


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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 
(PRA), 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 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,

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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 April 5, 2010.

ADDRESSES: You may submit comments, identified by FR 4004, FR MSD-4, FR 
MSD-5, FR G-FIN, or FR G-FINW, 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, 
NW., Washington, DC 20551.
    All public comments are available from the Board's Web site at 
http://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 form in Room MP-500 of the Board's Martin Building (20th and C 
Streets, NW.) between 9 a.m. and 5 p.m. on weekdays.
    Additionally, commenters should send a copy of their comments to 
the OMB Desk Officer by mail to the Office of Information and 
Regulatory Affairs, U.S. Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street, NW., Washington, DC 20503 
or by fax to 202-395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once approved. These documents will also be made 
available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/boarddocs/reportforms/review.cfm or may be 
requested from the agency clearance officer, whose name appears below.
    Michelle Shore, 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).
    Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following reports:
    1. 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.
    Estimated annual reporting hours: 22 hours.
    Estimated average hours per response: 0.5 hours.
    Number of respondents: 43.
    General description of report: This recordkeeping requirement is 
mandatory pursuant to section 3 of the Bank Protection Act [12 U.S.C. 
1882(a)] and Regulation H [12 CFR 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. 552(b)(8)].
    Abstract: Each state member bank must develop and implement a 
written security program and maintain it in the 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.
    2. Report title: Uniform Application for Municipal Securities 
Principal or Municipal Securities Representative Associated with a Bank 
Municipal Securities Dealer; Uniform Termination Notice for Municipal 
Securities Principal or Municipal Securities Representative Associated 
with a Bank Municipal Securities Dealer.
    Agency form number: FR MSD-4 and FR MSD-5.
    OMB control number: 7100-0100 and 7100-0101.
    Frequency: On occasion.
    Reporters: State member banks and foreign dealer banks engaging in 
activities as municipal securities dealers.
    Estimated annual reporting hours: FR MSD-4, 48 hours; and FR MSD-5, 
36 hours.
    Estimated average hours per response: FR MSD-4, 1 hour; and FR MSD-
5, 0.25 hours.
    Number of respondents: FR MSD-4, 48; and FR MSD-5, 144.
    General description of report: These information collections are 
mandatory pursuant to the Federal Reserve Act: (12 U.S.C. 248(a)(1)) 
for state member banks and (12 U.S.C. 3105(c)(2)) for foreign bank 
branches and agencies and are given confidential treatment (5 U.S.C. 
552(b)(6)).
    Abstract: The FR MSD-4 collects information, such as personal 
history and professional qualifications, on an employee whom the bank 
wishes to assume the duties of a municipal securities principal or 
representative. The FR MSD-5 collects the date of, and reason for, 
termination of such an employee.
    3. Report title: Notice By Financial Institutions of Government 
Securities Broker or Government Securities Dealer Activities; Notice By 
Financial Institutions of Termination of Activities as a Government 
Securities Broker or Government Securities Dealer.
    Agency form number: FR G-FIN and FR G-FINW.
    OMB control number: 7100-0224.
    Frequency: On occasion.
    Reporters: State member banks, foreign banks, uninsured state 
branches or state agencies of foreign banks, commercial lending 
companies owned or controlled by foreign banks, and Edge corporations.
    Estimated annual reporting hours: FR G-FIN, 10 hours; and FR G-
FINW, 2 hours.
    Estimated average hours per response: FR G-FIN, 1 hour; and FR G-
FINW, 0.25 hours.
    Number of respondents: FR G-FIN, 10; and FR G-FINW, 8.
    General description of report: These information collections are 
mandatory pursuant to the Securities and Exchange Act of 1934 (15 
U.S.C. 78o-5(a)(1)(B)) and are not given confidential treatment.
    Abstract: The Government Securities Act of 1986 (the Act) requires 
financial institutions to notify their appropriate regulatory authority 
of their intent to engage in government securities broker or dealer 
activity, to amend information submitted previously, and to record 
their termination of such activity. The Federal Reserve Board uses the 
information in its supervisory capacity to measure compliance with the 
Act.


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    Board of Governors of the Federal Reserve System, January 28, 
2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-2132 Filed 2-1-10; 8:45 am]
BILLING CODE 6210-01-P