FR 2572 final Federal Register notice

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Federal Register / Vol. 73, No. 200 / Wednesday, October 15, 2008 / Notices

machines, telephone bill payment;
point-of-sale transfers in retail stores,
fund transfers initiated through the
Internet, and preauthorized transfers to
or from a consumer’s account.
Board of Governors of the Federal Reserve
System, October 8, 2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8–24348 Filed 10–14–08; 8:45 am]
BILLING CODE 6210–01–P

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

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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—
Kimberly P. Nelson—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 title: Survey of Terms of
Lending.
Agency form number: FR 2028A, FR
2028B, and FR 2028S.
OMB control number: 7100–0061.
Frequency: Quarterly.
Reporters: Commercial banks; and
U.S. branches and agencies of foreign
banks (FR 2028A and FR 2028S only).

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Annual reporting hours: 6,840 hours.
Estimated average hours per response:
FR 2028A, 3.4 hours; FR 2028B, 1.2
hours; and FR 2028S, 0.1 hours.
Number of respondents: FR 2028A,
398; FR 2028B, 250; and FR 2028S, 567.
General description of report: This
information collection is authorized by
section 11(a)(2) of the Federal Reserve
Act [12 U.S.C. 248(a)(2)] and is
voluntary. Individual responses are
regarded as confidential under the
Freedom of Information Act [5 U.S.C.
552(b)(4)].
Abstract: The Survey of Terms of
Lending provides unique information
concerning both price and certain
nonprice terms of loans made to
businesses and farmers during the first
full business week of the mid-month of
each quarter (February, May, August,
and November). The survey comprises
three reporting forms: The FR 2028A,
Survey of Terms of Business Lending;
the FR 2028B, Survey of Terms of Bank
Lending to Farmers; and the FR 2028S,
Prime Rate Supplement to the Survey of
Terms of Lending. The FR 2028A and
FR 2028B collect detailed data on
individual loans made during the
survey week, and the FR 2028S collects
the prime interest rate for each day of
the survey from both FR 2028A and FR
2028B respondents. From these sample
data, estimates of the terms of business
loans and farm loans extended during
the reporting week are constructed. The
aggregate estimates for business loans
are published in the quarterly E.2
release, Survey of Terms of Business
Lending, and aggregate estimates for
farm loans are published in the
quarterly E.15 release, Agricultural
Finance Databook.
Current Actions: On August 4, 2008,
the Federal Reserve published a notice
in the Federal Register (73 FR 45222)
requesting public comment for 60 days
on the extension, with revision, of the
FR 2028. The comment period for this
notice expired on October 3, 2008. The
Federal Reserve did not receive any
comments on the proposed revisions.
The revisions will be implemented as
proposed.
2. Report title: Report of Terms of
Credit Card Plans.
Agency form number: FR 2572.
OMB control number: 7100–0239.
Frequency: Semi-annual.
Reporters: Commercial banks, savings
banks, industrial banks, and savings and
loans associations.
Annual reporting hours: 75 hours.
Estimated average hours per response:
0.25 hours.
Number of respondents: 150.
General description of report: This
information collection is voluntary (15

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U.S.C. 1646(b)) and is not given
confidential treatment.
Abstract: This report collects data on
credit card pricing and availability from
a sample of at least 150 financial
institutions that offer credit cards to the
general public. The information is
reported to the Congress and made
available to the public in order to
promote competition within the
industry.
Current Actions: On August 4, 2008,
the Federal Reserve published a notice
in the Federal Register (73 FR 45222)
requesting public comment for 60 days
on the extension, with revision, of this
information collection. The comment
period for this notice expired on
October 3, 2008. The Federal Reserve
did not receive any comments. The
revisions will be implemented as
proposed.
3. Report title: The Report of
Transaction Accounts, Other Deposits
and Vault Cash.
Agency form number: FR 2900.
OMB control number: 7100–0087.
Frequency: Weekly, quarterly.
Reporters: Depository institutions.
Annual reporting hours: 615,902
hours.
Estimated average hours per response:
3.50 hours.
Number of respondents: 2,996 weekly
and 5,045 quarterly.
General description of report: This
information collection is mandatory (12
U.S.C. 248(a), 461, 603, and 615) and is
given confidential treatment (5 U.S.C.
552(b)(4)).
Abstract: Nonexempt institutions—
defined as those with net transaction
accounts greater than the exemption
amount or with the sum of total
transaction accounts, savings deposits,
and small time deposits equal to or
greater than the reduced reporting
limit—file the fifteen-item FR 2900
weekly if the sum of their total
transaction accounts, savings deposits,
and small time deposits is equal to or
greater than the nonexempt deposit
cutoff and quarterly if the sum of their
total transaction accounts, savings
deposits, and small time deposits is less
than the nonexempt deposit cutoff. U.S.
branches and agencies of foreign banks
and banking Edge and agreement
corporations are required to submit FR
2900 data weekly regardless of their
deposit size. These mandatory data are
used by the Federal Reserve for
administering Regulation D (Reserve
Requirements of Depository Institutions)
and for constructing, analyzing, and
monitoring the monetary and reserve
aggregates.
Current Actions: On August 4, 2008,
the Federal Reserve published a notice

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Federal Register / Vol. 73, No. 200 / Wednesday, October 15, 2008 / Notices
in the Federal Register (73 FR 45222)
requesting public comment for 60 days
on the extension, with revision, of this
information collection. The comment
period for this notice expired on
October 3, 2008. The Federal Reserve
did not receive any substantive
comments. The revisions will be
implemented as proposed.
4. Report title: The Annual Report of
Deposits and Reservable Liabilities.
Agency form number: FR 2910a.
OMB control number: 7100–0175.
Frequency: Annually.
Reporters: Depository institutions.
Annual reporting hours: 3,659 hours.
Estimated average hours per response:
0.75 hours.
Number of respondents: 4,878.
General description of report: This
information collection is mandatory (12
U.S.C. 248(a) and 461) and is given
confidential treatment (5 U.S.C.
552(b)(4)).
Abstract: Currently, the three-item FR
2910a is generally filed by exempt
institutions whose net transaction
accounts are less than or equal to the
exemption amount and whose sum of
total transaction accounts, savings
deposits, and small time deposits is less
than the reduced reporting limit but
total deposits are greater than the
exemption amount. Respondents submit
single-day data as of June 30. These
mandatory data are used by the Federal
Reserve for administering Regulation D
(Reserve Requirements of Depository
Institutions) and for constructing,
analyzing, and monitoring the monetary
and reserve aggregates.
Current Actions: On August 4, 2008,
the Federal Reserve published a notice
in the Federal Register (73 FR 45222)
requesting public comment for 60 days
on the extension, with revision, of this
information collection. The comment
period for this notice expired on
October 3, 2008. The Federal Reserve
did not receive any comments. The
revisions will be implemented as
proposed.
Board of Governors of the Federal Reserve
System, October 8, 2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8–24349 Filed 10–14–08; 8:45 am]
BILLING CODE 6210–01–P

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FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisition of Shares of Bank or Bank
Holding Companies
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and

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§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire a bank or bank
holding company. The factors that are
considered in acting on the notices are
set forth in paragraph 7 of the Act (12
U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the office of the Board of Governors.
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than October
28, 2008.
A. Federal Reserve Bank of Kansas
City (Todd Offenbacker, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Peggy J. Wisdom, M.D., Edmond,
Oklahoma, individually and as Personal
Representative of the Estate of Grace V.
Wisdom, to retain control of Grace
Investment Company, Inc., and thereby
indirectly retain control of Alva State
Bank and Trust Company, both of Alva,
Oklahoma, and First National Bank in
Okeene, Okeene, Oklahoma.
Board of Governors of the Federal Reserve
System, October 8, 2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8–24345 Filed 10–14–08; 8:45 am]
BILLING CODE 6210–01–S

FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR Part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The applications also will be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
a nonbanking company, the review also

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includes whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act
(12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be
conducted throughout the United States.
Additional information on all bank
holding companies may be obtained
from the National Information Center
website at www.ffiec.gov/nic/.
Unless otherwise noted, comments
regarding each of these applications
must be received at the Reserve Bank
indicated or the offices of the Board of
Governors not later than November 7,
2008.
A. Federal Reserve Bank of Kansas
City (Todd Offenbacker, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. The Grace Investment Company,
Inc. ESOP, to become a bank holding
company by acquiring 30 percent of the
voting shares of Grace Investment
Company, Inc., and thereby indirectly
acquire voting shares of Alva State Bank
& Trust Company, all of Alva,
Oklahoma, and First National Bank in
Okeene, Okeene, Oklahoma.
B. Federal Reserve Bank of Dallas (E.
Ann Worthy, Vice President) 2200
North Pearl Street, Dallas, Texas 75201–
2272:
1. CBFH, Inc., Orange, Texas, to merge
with Crosby Bancshares, Inc., Crosby,
Texas, and thereby indirectly acquire
Crosby Bancshares of Delaware, Inc.,
Wilmington, Delaware, and Crosby State
Bank, Crosby, Texas.
In connection with the above
application, Hillister Enterprises, II,
Inc., and Umphrey II Family Limited
Partnership, both of Beaumont, Texas,
also have applied to acquire the
successor by merger of Crosby
Bancshares, Inc., Crosby, Texas, and
CBFH, Inc., Orange, Texas.
Board of Governors of the Federal Reserve
System, October 8, 2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8–24347 Filed 10–14–08; 8:45 am]
BILLING CODE 6210–01–S

FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in
Permissible Nonbanking Activities or
to Acquire Companies that are
Engaged in Permissible Nonbanking
Activities; Correction
This notice corrects a notice (FR Doc.
E8-23644) published on pages 58592
and 58593 of the issue for Tuesday,
October 7, 2008.
Under the Federal Reserve Bank of
Richmond, the entry for Bank of

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