Reg M FFR

RegM.20080929.ffr.pdf

Recordkeeping and Disclosure Requirements in Connection with Regulation M (Consumer Leasing)

Reg M FFR

OMB: 7100-0202

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Federal Register / Vol. 73, No. 189 / Monday, September 29, 2008 / Notices

mstockstill on PROD1PC66 with NOTICES

formats (computer diskette, large print,
audio cassette, and Braille) are available
to persons with disabilities by sending
an e-mail to [email protected] or calling
the Consumer and Government Affairs
Bureau at (202) 418–0530, TTY (202)
418–0432. This document is also
available on the Commission’s Web site
at http://www.fcc.gov.
Synopsis of the Public Notice
On September 11, 2007, the Public
Safety and Homeland Security Bureau
(PSHSB) of the Federal Communications
Commission (FCC or Commission)
launched the Disaster Information
Reporting System (DIRS), a voluntary,
efficient, Web-based system that
communications companies, including
wireless, wireline, broadcast and cable
providers, can use to report
communications infrastructure status
and situational awareness information
during times of crisis. In the event of a
DIRS activation, participating
communications providers that serve
areas affected by a disaster voluntarily
submit information regarding, inter alia,
the status of their communications
equipment, restoration efforts, power
(i.e., whether they are using commercial
power, generator or battery), and access
to fuel. The Commission then compiles
this data into reports which it shares
with the National Communications
System (NCS) in support of NCS’s role
as the primary agency for Emergency
Support Function-2 (ESF–2)
(Communications) of the National
Response Framework. Because the
information that communications
companies input into DIRS is sensitive,
for national security and/or commercial
reasons, DIRS filings are non-public,
and are considered presumptively
confidential upon filing.
DIRS has had its initial activations
during this 2008 hurricane season, first
in response to Tropical Storm Fay, and
then in response to Hurricane Gustav. In
both cases, the information collected by
DIRS was of significant value. It has
become evident that sharing the data
with other Federal government agencies
involved in ESF–2 functions directly
would enhance the value of DIRS by
streamlining the reporting process and
facilitating the accurate assessment of
any damage to carrier infrastructure and
the rapid restoration of that
infrastructure. Accordingly, in future
DIRS activations, the FCC will share
DIRS data with NCS as well as with
other Federal agencies authorized to
participate in ESF–2 activities. The
distribution of DIRS data to Federal
agencies involved in ESF–2 does not
alter the presumptively confidential
nature of DIRS filings. DIRS data will

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remain non-public, and any Federal
agency to which DIRS data is
distributed must, under Federal law,
respect the confidential nature of DIRS
filings. See 44 U.S.C. 3510. The
Commission’s decision to enhance the
value of DIRS by expanding its reach to
all Federal government agencies on the
ESF–2 team is a further example of the
Commission’s commitment to
promoting the safety of life and property
through the use of wire and radio
communication, as required by the
Communications Act of 1934, as
amended, as well as to ensuring the
continued effectiveness of ESF–2 and
the National Response Framework.
Federal Communications Commission.
Derek K. Poarch,
Chief, Public Safety & Homeland Security
Bureau.
[FR Doc. E8–22806 Filed 9–26–08; 8:45 am]
BILLING CODE 6712–01–P

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
collection 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—Kimberly P.
Nelson—Office of Information and
Regulatory Affairs, Office of
Management and Budget, New

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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 Report
Report title: The Recordkeeping and
Disclosure Requirements in Connection
with Regulation M (Consumer Leasing).
Agency form number: Reg M.
OMB control number: 7100–0202.
Frequency: On occasion.
Reporters: Consumer lessors.
Annual reporting hours: Disclosures,
533 hours; and advertising, 40 hours.
Estimated average hours per response:
Disclosures, 6.5 minutes; and
advertising, 25 minutes.
Number of respondents: 24.
General description of report: This
information collection is mandatory
(sections 105(a) and 187 of TILA (15
U.S.C. 1604(a) and 1667f)) and is not
given confidential treatment.
Abstract: The Consumer Leasing Act
and Regulation M are intended to
provide consumers with meaningful
disclosures about the costs and terms of
leases for personal property. The
disclosures enable consumers to
compare the terms for a particular lease
with those for other leases and, when
appropriate, to compare lease terms
with those for credit transactions. The
act and regulation also contain rules
about advertising consumer leases and
limit the size of balloon payments in
consumer lease transactions. The
information collection pursuant to
Regulation M is triggered by specific
events. All disclosures must be
provided to the lessee prior to the
consummation of the lease and when
the availability of consumer leases on
particular terms is advertised.
Current actions: On July 14, 2008, the
Federal Reserve published a notice in
the Federal Register (73 FR 40349)
requesting public comment for 60 days
on the extension, without revision, of
this information collection. The
comment period for this notice expired
on September 12, 2008. The Federal
Reserve did not receive any comments.
Board of Governors of the Federal Reserve
System.
Dated: September 24, 2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8–22773 Filed 9–26–08; 8:45 am]
BILLING CODE 6210–01–P

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File TitleDocument
SubjectExtracted Pages
AuthorU.S. Government Printing Office
File Modified2008-09-27
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