Final Federal Register notice

49204

Federal Register / Vol. 73, No. 162 / Wednesday, August 20, 2008 / Notices

License Number: 020499F.
Name: KOC Enterprise Inc.
Address: 111 Lakeview Drive, Old
Tappan, NJ 07675.
Date Revoked: July 31, 2008.
Reason: Failed to maintain a valid
bond.
License Number: 020747N.
Name: Prime Logistics Int’l, Inc.
Address: 6900 NW 84th Avenue,
Miami, FL 33166.
Date Revoked: July 18, 2008.
Reason: Failed to maintain a valid
bond.
License Number: 019586NF.
Name: USL Logistics, LLC.
Address: 3621 S. Harbor Blvd., Suite
225, Santa Ana, CA 92704.
Date Revoked: July 18, 2008.
Reason: Failed to maintain valid
bonds.
Sandra L. Kusumoto,
Director, Bureau of Certification and
Licensing.
[FR Doc. E8–19329 Filed 8–19–08; 8:45 am]
BILLING CODE 6730–01–P

FEDERAL RESERVE SYSTEM

dwashington3 on PRODPC61 with NOTICES

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

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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: Notifications Related to
Community Development and Public
Welfare Investments of State Member
Banks.
Agency form number: FR H–6.
OMB control number: 7100–0278.
Frequency: Event-generated.
Reporters: State member banks.
Annual reporting hours: 86.
Estimated average hours per response:
Investment notice, 2 hours; application
(prior approval) 5 hours; and extension
of divestiture period, 5 hours.
Number of respondents: Investment
notice, 38; application (prior approval),
1; and extension of divestiture period, 1.
General description of report: This
information collection is required to
obtain a benefit (12 U.S.C. 338a and 12
CFR 208.22). Individual respondent data
generally are not regarded as
confidential but information that is
proprietary or concerns examination
ratings would be considered
confidential.
Abstract: Regulation H requires state
member banks that want to make
community development or public
welfare investments to comply with the
Regulation H notification requirements:
(1) If the investment does not require
prior Board approval, a written notice
must be sent to the appropriate Federal
Reserve Bank; (2) if certain criteria are
not met, a request for approval must be
sent to the appropriate Federal Reserve
Bank; and, (3) if the Board orders
divestiture but the bank cannot divest
within the established time limit, a
request or requests for extension of the
divestiture period must be submitted to
the appropriate Federal Reserve Bank.
Current Actions: On June 3, 2008, the
Federal Reserve published a notice in
the Federal Register (73 FR 31684)
requesting public comment for 60 days
on the extension, without revision, of
the FR H–6 information collection. The
comment period for this notice expired
on August 4, 2008. The Federal Reserve
did not receive any comments.
Proposal to approve under OMB
delegated authority the extension for
three years, with revision, of the
following reports:
1. Report title: Application for
Membership in the Federal Reserve
System.
Agency form number: FR 2083,
2083A, 2083B, and 2083C.
OMB control number: 7100–0046.
Frequency: On occasion.

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Reporters: Newly organized banks
that seek to become state member banks,
or existing banks or savings institutions
that seek to convert to state member
bank status.
Annual reporting hours: 260 hours.
Estimated average hours per response:
4 hours.
Number of respondents: 65.
General description of report: This
information collection is authorized by
Section 9 of the Federal Reserve Act (12
U.S.C. 321, 322, and 333) and is
required to obtain or retain a benefit.
Most individual respondent data are not
considered confidential. Applicants
may, however, request that parts of their
membership applications be kept
confidential, but in such cases the
Applicant must justify its request by
demonstrating how an exemption under
the Freedom of Information Act (FOIA)
is satisfied. The confidentiality status of
the information submitted will be
judged on a case-by-case basis.
Abstract: The application for
membership is a required one-time
submission that collects the information
necessary for the Federal Reserve to
evaluate the statutory criteria for
admission of a new or existing state
bank into membership in the Federal
Reserve System. The application
collects managerial, financial, and
structural data.
Current actions: On June 3, 2008, the
Federal Reserve published a notice in
the Federal Register (73 FR 31684)
requesting public comment for 60 days
on the extension, with revision, of the
applications. The comment period for
this notice expired on August 4, 2008.
The Federal Reserve did not receive any
comments. The revisions will be
implemented as proposed.
2. Report title: Applications for
Subscription to, Adjustment in the
Holding of, and Cancellation of Federal
Reserve Bank Stock.
Agency form number: FR 2030, FR
2030a, FR 2056, FR 2086, FR 2086a, and
FR 2087.
OMB control number: 7100–0042.
Frequency: On occasion.
Reporters: National, state member,
and nonmember banks.
Annual reporting hours: FR 2030, 15
hours; FR 2030a, 26 hours; FR 2056, 864
hours; FR 2086, 1 hour; FR 2086a, 18
hours; and FR 2087, 2 hours.
Estimated average hours per response:
0.5 hours.
Number of respondents: FR 2030, 30;
FR 2030a, 52; FR 2056, 1,728; FR 2086,
2; FR 2086a, 36; and FR 2087, 4.
General description of report: These
information collections are mandatory.
• FR 2030 and FR 2030a: (12 U.S.C.
§§ 222, 282, 248(a), and 321);

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dwashington3 on PRODPC61 with NOTICES

Federal Register / Vol. 73, No. 162 / Wednesday, August 20, 2008 / Notices
• FR 2056: (12 U.S.C. 287, 248(a) and
(i));
• FR 2086: (12 U.S.C. 287, 248(a) and
(i));
• FR 2086a: (12 U.S.C. 321, 287, and
248(a)); and
• FR 2087: (12 U.S.C. 288 and 248 (a)
and (i)).
Most individual respondent data are
not considered confidential. Applicants
may, however, request that parts of their
membership applications be kept
confidential, but in such cases the
Applicant must justify its request by
demonstrating how an exemption under
the FOIA is satisfied. The
confidentiality status of the information
submitted will be judged on a case-bycase basis.
Abstract: These application forms are
required by the Federal Reserve Act and
Regulation I. These forms must be used
by a new or existing member bank
(including a national bank) to request
the issuance, and adjustment in, or
cancellation of Federal Reserve Bank
stock. The forms must contain certain
certifications by the applicants, as well
as certain other financial and
shareholder data that is needed by the
Federal Reserve to process the request.
Current actions: On June 3, 2008, the
Federal Reserve published a notice in
the Federal Register (73 FR 31684)
requesting public comment for 60 days
on the extension, with revision, of the
applications. The comment period for
this notice expired on August 4, 2008.
The Federal Reserve did not receive any
comments.
The Federal Reserve proposed to add
additional signature lines the FR 2030,
2030a, 2056, and 2086a that were
intended to facilitate the processing of
each application form by the
appropriate Reserve Bank. However,
after further review the Federal Reserve
decided to remove from consideration
the proposed additional signature lines
because it could create greater confusion
for the banks while adding little benefit
to the Federal Reserve.
3. Report title: Report of Changes in
Organizational Structure, Supplement to
the Report of Changes in Organizational
Structure, Annual Report of Bank
Holding Companies, Annual Report of
Foreign Banking Organizations.
Agency form numbers: FR Y–10, FR
Y–10E, FR Y–6, and FR Y–7.
OMB control number: 7100–0297.
Frequency: Event-generated, annual.
Reporters: Bank holding companies
(BHCs), foreign banking organizations
(FBOs), member banks, Edge and
agreement corporations.
Annual reporting hours: FR Y–10,
26,712 hours; FR Y–10E, 1,384 hours;

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FR Y–6, 27,069 hours; and FR Y–7, 900
hours.
Estimated average hours per response:
FR Y–10, 1.00 to 1.25 hours; FR Y–10E,
0.50 hours; FR Y–6, 5.25 hours; and FR
Y–7, 3.50 hours.
Number of respondents: FR Y–10,
5,952; FR Y–10E, 2,768; FR Y–6, 5,156;
and FR Y–7, 257.
General description of report: These
information collections are mandatory
under the Federal Reserve Act, the BHC
Act, and the International Banking Act
(12 U.S.C. 248 (a)(1), 321, 601, 602,
611a, 615, 625, 1843(k), 1844(c)(1)(A),
3106(a), and 3108(a)), and Regulations K
and Y (12 CFR 211.13(c), 225.5(b), and
225.87). Individual respondent data are
not considered confidential. However,
respondents may request confidential
treatment for any information that they
believe is subject to an exemption from
disclosure under the FOIA, 5 U.S.C.
552(b).
Abstract: The FR Y–10 is an eventgenerated information collection
submitted by FBOs; top-tier BHCs; state
member banks unaffiliated with a BHC;
Edge and agreement corporations that
are not controlled by a member bank, a
domestic BHC, or a FBO; and nationally
chartered banks that are not controlled
by a BHC (with regard to their foreign
investments only), to capture changes in
their regulated investments and
activities. The Federal Reserve uses the
data to monitor structure information on
subsidiaries and regulated investments
of these entities engaged in banking and
nonbanking activities. The FR Y–10E is
a free-form supplement that may be
used to collect additional structural
information deemed to be critical and
needed in an expedited manner.
The FR Y–6 is an annual information
collection submitted by top-tier BHCs
and nonqualifying FBOs. It collects
financial data, an organization chart,
verification of domestic branch data,
and information about shareholders.
The Federal Reserve uses the data to
monitor holding company operations
and determine holding company
compliance with the provisions of the
BHC Act and Regulation Y (12 CFR
225).
The FR Y–7 is an annual information
collection submitted by qualifying FBOs
to update their financial and
organizational information with the
Federal Reserve. The Federal Reserve
uses information to assess an FBO’s
ability to be a continuing source of
strength to its U.S. operations and to
determine compliance with U.S. laws
and regulations.
Current Actions: On June 3, 2008, the
Federal Reserve published a notice in
the Federal Register (73 FR 31684)

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49205

requesting public comment for 60 days
on the extension, with revision, of these
information collections. The comment
period for this notice expired on August
4, 2008. The Federal Reserve did not
receive any comments. The revisions
will be implemented as proposed.
Board of Governors of the Federal Reserve
System, August 14, 2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8–19188 Filed 8–19–08; 8:45 am]
BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
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. Boardapproved 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.
AGENCY:

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

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