Federal Register / Vol. 69, No. 215 / Monday, November 8, 2004 / Notices 64759

Needs and Uses: This rule section is 

necessary to require each fixed station 

in the International Aeronautical Mobile 

Service (IAMS) to maintain a written or 

automatic log in accordance with the 

provisions of the International Civil 

Aviation Organization (ICAO). This 

recordkeeping requirement is necessary 

to document specific information, 

including harmful interference, 

equipment failure, and logging of 

distress and safety calls where 

applicable. The Commission is seeking 

extension (no change in rule 

requirements) to this information 

collection request. We are simply 

seeking the full three year OMB 

clearance.

Federal Communications Commission. 

Marlene H. Dortch, 

Secretary.

[FR Doc. 04–24835 Filed 11–5–04; 8:45 am] 

BILLING CODE 6712–01–P

FEDERAL COMMUNICATIONS 

COMMISSION 

Notice of Public Information 

Collection(s) Being Reviewed by the 

Federal Communications Commission, 

Comments Requested 

November 2, 2004.

SUMMARY: The Federal Communications 

Commission, as part of its continuing 

effort to reduce paperwork burden 

invites the general public and other 

Federal agencies to take this 

opportunity to comment on the 

following information collection(s), as 

required by the Paperwork Reduction 

Act (PRA) of 1995, Pub. L. 104–13. An 

agency may not conduct or sponsor a 

collection of information unless it 

displays a currently valid control 

number. No person shall be subject to 

any penalty for failing to comply with 

a collection of information subject to the 

Paperwork Reduction Act that does not 

display a valid control number. 

Comments are requested concerning (a) 

whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

burden estimate; (c) ways to enhance 

the quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collection of 

information on the respondents, 

including the use of automated 

collection techniques or other forms of 

information technology.

DATES: Written Paperwork Reduction 

Act (PRA) comments should be 

submitted on or before January 7, 2005. 

If you anticipate that you will be 

submitting comments, but find it 

difficult to do so within the period of 

time allowed by this notice, you should 

advise the contact listed below as soon 

as possible.

ADDRESSES: Direct all Paperwork 

Reduction Act (PRA) comments to 

Judith B. Herman, Federal 

Communications Commission, Room 1–

C804, 445 12th Street, SW., Washington, 

DC 20554 or via the Internet to JudithB.Herman@fcc.gov.

FOR FURTHER INFORMATION CONTACT: For 

additional information or copies of the 

information collection(s), contact Judith 

B. Herman at 202–418–0214 or via the 

Internet at Judith-B.Herman@fcc.gov.

SUPPLEMENTARY INFORMATION: 

OMB Control No.: 3060–0262. 

Title: Section 90.179, Shared Use of 

Radio Stations. 

Form No.: N/A. 

Type of Review: Extension of a 

currently approved collection. 

Respondents: Business or other forprofit, not-for-profit institutions, and 

state, local or tribal government. 

Number of Respondents: 42,000. 

Estimated Time Per Response: .75 

hours. 

Frequency of Response:

Recordkeeping requirement and third 

party disclosure requirement. 

Total Annual Burden: 31,500 hours. 

Total Annual Cost: N/A. 

Privacy Act Impact Assessment: N/A. 

Needs and Uses: Licensees of radio 

stations authorized under this rule part 

may share the use of their facilities. A 

station is shared when persons not 

licensed for the station control the 

station for their own purposes pursuant 

to the licensee’s authorization. Shared 

use of a radio station may be either on 

a non-profit cost shared basis or on a 

for-profit private carrier basis. Section 

90.179(d) requires that if the licensee 

shares the land station on a non-profit, 

cost shared basis to the licensee, this 

shared use must be pursuant to a 

written agreement between the licensee 

and each participant which sets out (1) 

the method of operation; (2) the 

components of the system which are 

covered by the sharing arrangements; (3) 

the method of which costs are to be 

apportioned; and (4) acknowledgement 

that all shared transmitter use must be 

subject to the licensee’s control. These 

agreements must be kept as part of the 

station records.

OMB Control No.: 3060–0805. 

Title: Section 90.527, Regional Plan 

Requirements; Section 90.523, 

Eligibility; and Section 90.545, TV/DTV 

Interference Protection Criteria. 

Form No.: N/A. 

Type of Review: Extension of a 

currently approved collection. 

Respondents: Business or other forprofit, not-for-profit institutions, and 

state, local or tribal government. 

Number of Respondents: 26,656. 

Estimated Time Per Response: .50–

28.87 hours. 

Frequency of Response: On occasion 

reporting requirement and third party 

disclosure requirement.

Total Annual Burden: 647,675 hours. 

Total Annual Cost: N/A. 

Privacy Act Impact Assessment: N/A. 

Needs and Uses: Section 90.523 

requires that all applications submitted 

by a nongovernmental organization 

(NGO) must be accompanied by a new, 

written certification of support (for the 

NGO) applicant to operate the appliedfor system) by the state or local 

governmental entity referenced in 

paragraph (b)(1) of this rule section. All 

NGO authorizations are conditional. 

NGOs assume all risks associated with 

operating under conditional authority. If 

at any time the supporting governmental 

entity notifies the Commission in 

writing of such governmental entity’s 

termination of its authorization of a 

NGOs operation of a system in the 764–

776 MHz and 794–806 MHz frequency 

bands, the NGO’s application shall be 

dismissed automatically or, if 

authorized by the Commission, the 

NGOs authorization shall terminate 

automatically. 

Section 90.527 requires that each 

regional planning committee must 

submit a regional plan for approval by 

the Commission. There is specific 

information that must be included in 

the plans, under this rule section, 

including a certification by the regional 

planning chairperson that all planning 

committee meetings, including 

subcommittee or executive committee 

meetings, were open to the public. 

Modification of regional plans may be 

submitted in a written request, signed 

by the regional planning committee, to 

the Chief, Wireless Telecommunications 

Bureau, FCC. The request must contain 

the full text of the modification, and 

must certify that successful 

coordination of the modification with 

all adjacent regions has occurred and 

that all such regions concur with the 

modification. 

Section 90.545 requires licensees of 

stations operating within the effective 

radiated power (ERP) and the antenna 

height above average terrain (HAAT) 

limits of the proposed land mobile base 

station, the associated control station, 

and the mobile transmitters, must select 

one of three methods to meet the TV/

DTV protection requirements, subject to

64760 Federal Register / Vol. 69, No. 215 / Monday, November 8, 2004 / Notices 

Commission approval: (1) Utilize the 

geographic separation specified in the 

tables referenced in this rule section; (2) 

submit an engineering study justifying 

the proposed separations based on the 

actual parameters of the land mobile 

station and the actual parameters of the 

TV/DTV station(s) it is trying to protect; 

(3) submit an engineering study 

justifying the proposed separations 

based on the parameters of the land 

mobile station and the parameters, 

including authorized and/or applied-for 

facilities, of the TV/DTV station(s) it is 

trying to protect; or, (4) obtain written 

concurrence from the applicable TV/

DTV station(s). If this method is chosen, 

a copy of the agreement must be 

submitted with the application.

Federal Communications Commission. 

Marlene H. Dortch, 

Secretary.

[FR Doc. 04–24836 Filed 11–5–04; 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: 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 OMB 83–Is and 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 

–Cindy Ayouch—Division of Research 

and Statistics, Board of Governors of the 

Federal Reserve System, Washington, 

DC 20551 (202–452–3829).

OMB Desk Officer–Mark Menchik—

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, New Executive Office Building, 

Room 10235, Washington, DC 20503, or 

email to mmenchik@omb.eop.gov.

Final approval under OMB delegated 

authority of the extension for three 

years, with revision, of the following 

report:

Report title: Consolidated Bank 

Holding Company Report of Equity 

Investments in Nonfinancial 

Companies.

Agency form number: FR Y–12.

OMB Control number: 7100–0300.

Frequency: Quarterly and semi–

annually.

Reporters: Bank holding companies.

Annual reporting hours: 1,696 hours.

Estimated average hours per response:

16 hours.

Number of respondents: 28.

General description of report: This 

information collection is mandatory 

pursuant to Section 5(c) of the Bank 

Holding Company Act (12 U.S.C. 

1844(c)) and data may be exempt from 

disclosure pursuant to Sections (b)(4) 

and (b)(8) of the Freedom of Information 

Act (5 U.S.C. 552(b)(4) and (b)(8)).

Abstract: The FR Y–12 was 

implemented as of September 30, 2001, 

in response to the Gramm–Leach–Bliley 

Act (GLB Act) of 1999, which broadened 

the scope of permissible investments in 

nonfinancial companies. The FR Y–12 

collects information from certain 

domestic bank holding companies 

(BHCs) on their investments in 

nonfinancial companies on three 

schedules: Type of Investments, Type of 

Security, and Type of Entity within the 

Banking Organization. Large BHCs 

report on a quarterly basis, and small 

BHCs report semi–annually.

Current Actions: The Federal Reserve 

will revise the FR Y–12 reporting form 

and instructions to enhance the Federal 

Reserve’s ability to monitor and 

supervise the private equity merchant 

banking (PEMB) activity across all BHCs 

for purposes of safety and soundness. 

The revisions to the FR Y–12 include (1) 

modifying the reporting threshold to 

reduce regulatory burden; (2) adding a 

memorandum item to Schedule A to 

collect data on ‘‘Investments managed 

for others;’’ (3) adding a memorandum 

item to Schedule B to identify whether 

the BHC holds any warrants received in 

connection with equity investment 

activity; (4) simplifying Schedule C by 

eliminating three columns used to 

collect data on direct investments in 

public entities, direct investments in 

nonpublic entities, and all indirect 

investments; and (5) adding Schedule D 

‘‘Nonfinancial Investment Transactions 

During the Reporting Period’’ to collect 

information on all PEMB activity of the 

BHC during the reporting period and to 

better reflect the industry’s focus on 

monitoring ‘‘cash in and cash out.’’ The 

Federal Reserve will defer 

implementation of the revised FR Y–12 

until March 31, 2005, to coincide with 

the implementation of proposed 

revisions to the FR Y–9C and FR Y–9SP 

reports (OMB No. 7100–0128).

The Federal Reserve received one 

comment letter from a banking trade 

association. The comment is 

summarized and addressed below.

Addition of Memorandum Item 

‘‘Investments managed for others’’

The Federal Reserve proposed to add 

a memorandum item to collect 

information on the extent of the BHC’s 

role in managing private equity 

investments for others. This item would 

be used to collect new information on 

the extent of the institution’s PEMB 

operations. Significant investment funds 

management activity could increase the 

inherent legal and reputational risk of 

the institution.

The commenter opposed the addition 

of this memorandum item for three 

reasons. First, the commenter felt the 

proposed instructions did not 

adequately define the scope of the item 

and questioned whether any such 

investments managed through a BHC’s 

trust, brokerage or mutual fund 

businesses were to be included. The 

Federal Reserve clarified the 

instructions for memorandum item 4 by 

defining the BHCs management 

relationship ‘‘as serving as a general 

partner in a limited partnership or 

performing a similar function in a 

private equity fund.’’ The Federal 

Reserve also added an exclusion for 

investments managed through a bank 

trust department in a fiduciary capacity. 

Second, the commenter felt the 

collection of these data would be 

burdensome as there is not typically a 

standard reporting category for such 

business lines. During the development 

stage of modifying the FR Y–12, the 

Federal Reserve consulted with several 

large BHCs on the proposed addition of 

this item and concluded from the 

responses received that this information 

was readily available for reporting 

purposes and should not be 

burdensome. Third, the commenter felt 

that reporting this item would be 

outside the scope of the FR Y–12 

because the form collects information 

on the types of investments made by 

BHCs and their subsidiaries in 

nonfinancial companies. The Federal 

Reserve believes that the collection of 

these data are necessary to accurately 

and efficiently conduct off–site 

monitoring of information regarding the 

extent of the institution’s PEMB 

operation.