Federal Register / Vol. 75, No. 225 / Tuesday, November 23, 2010 / Notices 71439 

supplement does include questions 

about the previous banking status of 

unbanked households and why the 

previously banked became unbanked. 

One possible response is that the bank 

closed the account. Other responses 

include dissatisfaction with bank fees or 

services. The FDIC report on the 2009 

Household Survey includes estimates of 

the number and share of unbanked 

households that were previously 

banked; how recently they were banked; 

and the reasons why they no longer 

have bank accounts. 

The commenter’s final 

recommendation for enhancing the 

quality, utility, and clarity of the 

information collection was that the 

FDIC measure the extent to which 

overdraft fees are a barrier to stable 

banking relationships by asking about 

the amount of overdraft fees incurred by 

the respondent in the preceding year 

and whether the respondent would like 

to be warned of potential overdrafts 

before they occur. The FDIC 

understands that overdraft fees may be 

viewed as a barrier to stable banking 

relationships, but constraints on the 

length of the survey preclude the 

addition of general questions on 

household bank overdraft activity, 

overdraft/NSF fees incurred by 

households, and the information 

provided to households by banks about 

overdraft policies and fees. 

Nevertheless, the FDIC supplement does 

include ‘‘high account fees’’ as a possible 

reason for not having a checking or 

savings account. In addition, the revised 

survey instrument will specifically ask 

households that have had accounts 

closed by their bank, whether the 

closure was due to the number of 

overdrafts or bounced checks. 

With respect to ways to minimize 

burden, the commenter offered two 

suggestions: that the FDIC document 

technology and language divides by 

asking respondents about their comfort 

reading and writing in English, access to 

and comfort using computers, and cell 

phone capabilities to access e-mail, 

Internet, and other data online, and that 

the FDIC adjust its methodology and/or 

results to reflect the difficulty of 

counting the unbanked and 

underbanked using the current 

methodology. Regarding the suggestion 

to document technology and language 

divides, the FDIC agrees that it is 

important to be mindful of any language 

barriers and limitations on access to 

technology when developing policy 

interventions for certain populations. 

The CPS does include information about 

whether English is the primary language 

spoken at home, but it is not feasible to 

include in the FDIC supplement more 

general questions about household use 

of computers or cell phones or access to 

the Internet, given current constraints 

on the length of the survey. Regarding 

the suggestion to adjust methodology 

and/or results to account for those who 

are hard to count, the FDIC is confident 

in the reliability of its state-level 

estimates of the unbanked and 

underbanked for all states. The CPS 

sample is a scientifically designed 

sample of approximately 72,000 

physical housing units from 824 sample 

areas that is designed to accurately 

measure demographic and labor force 

characteristics of the U.S. noninstitutionalized civilian population 

that is 16 years old or older. The CPS 

samples housing units from lists of 

addresses obtained from the decennial 

census that are updated continuously 

for housing units built after the Census. 

Furthermore, the response rate for basic 

CPS is very high (about 92 percent). As 

an add-on to the CPS, the FDIC 

supplement incorporates the 

methodology used to gather monthly 

employment data for the U.S. 

population. In addition, the public 

release of the Household Survey data 

permits users to make statistical 

adjustments based on additional 

information available for a particular 

locality. 

Request for Comment 

Comments are invited on: (a) Whether 

these collections of information are 

necessary for the proper performance of 

the FDIC’s functions, including whether 

the information has practical utility; (b) 

the accuracy of the estimate of the 

burden of the information collections, 

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 the information collections on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology. 

All comments will become a matter of 

public record. 

Dated at Washington, DC, this 17th day of 

November, 2010. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2010–29417 Filed 11–22–10; 8:45 am] 

BILLING CODE 6714–01–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 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: 

Acting 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—Shagufta Ahmed 

—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 

report: 

Report title: Domestic Finance 

Company Report of Consolidated Assets 

and Liabilities. 

Agency form number: FR 2248. 

OMB control number: 7100–0005. 

DATES: Effective Date: December 31, 

2010. 

Frequency: Monthly, Quarterly, and 

Semi-annually. 

Reporters: Domestic finance 

companies and mortgage companies. 

Estimated annual reporting hours: 

350 hours. 

Estimated average hours per response: 

Monthly, 20 minutes; Quarterly, 30 

minutes; Semi-annually, 10 minutes. 

Number of respondents: 70. 

General description of report: This 

information collection is authorized 

pursuant the Federal Reserve Act (12 

U.S.C. 225(a)). Obligation to respond to 

this information collection is voluntary. 

Individual respondent data are 

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71440 Federal Register / Vol. 75, No. 225 / Tuesday, November 23, 2010 / Notices 

confidential under section (b)(4) of the 

Freedom of Information Act (5 U.S.C. 

552). 

Abstract: The FR 2248 is collected 

monthly as of the last calendar day of 

the month from a stratified sample of 

finance companies. Each monthly report 

collects balance sheet data on major 

categories of consumer and business 

credit receivables and on major shortterm liabilities. For quarter-end months 

(March, June, September, and 

December), additional asset and liability 

items are collected to provide a full 

balance sheet. A supplemental section 

collects data on securitized assets. The 

data are used to construct universe 

estimates of finance company holdings, 

which are published in the monthly 

statistical releases Finance Companies 

(G.20) and Consumer Credit (G.19), in 

the quarterly statistical release Flow of 

Funds Accounts of the United States 

(Z.1), and in the Federal Reserve 

Bulletin (Tables 1.51, 1.52, and 1.55). 

Current Actions: On September 13, 

2010, the Federal Reserve published a 

notice in the Federal Register (75 FR 

55579) requesting public comment for 

60 days on the extension, with revision, 

of the Domestic Finance Company 

Report of Consolidated Assets and 

Liabilities. The comment period for this 

notice expired on November 12, 2010. 

The Federal Reserve did not receive any 

comments. The revisions will be 

implemented as proposed. 

Final approval under OMB delegated 

authority of the implementation of the 

following survey: 

Report title: Survey of Finance 

Companies. 

Agency form number: FR 3033s. 

OMB control number: 7100–0277. 

Dates: Effective Date: December 31, 

2010. 

Frequency: One-time. 

Reporters: Finance companies and 

mortgage companies. 

Estimated annual reporting hours: 

2,700 hours. 

Estimated average hours per response: 

1.5 hours. 

Number of respondents: 1,800. 

General description of report: This 

information collection is authorized 

pursuant the Federal Reserve Act (12 

U.S.C. 225a, 263, and 355–59). 

Obligation to respond to this 

information collection is voluntary. 

Individual respondent data are 

confidential under section (b)(4) of the 

Freedom of Information Act (5 U.S.C. 

552). 

Abstract: This information collection 

is a two-stage survey of finance and 

mortgage companies. The first stage is a 

simple questionnaire (FR 3033p) that is 

sent to all known domestic finance and 

mortgage companies and that asks for 

information about each company’s total 

net assets, areas of specialization, and 

other characteristics. From the 

questionnaire respondents, the Federal 

Reserve draws a stratified random 

sample of finance and mortgage 

companies for the second stage, the 

survey itself (FR 3033s). The survey 

requests detailed information from both 

sides of the respondents’ balance sheets. 

The Federal Reserve Board initiates data 

collection and analysis, and staff at the 

Federal Reserve Banks follow up on 

data quality issues, collect data from 

late FR 3033s, and resolve other 

outstanding questions. 

Current Actions: On September 13, 

2010, the Federal Reserve published a 

notice in the Federal Register (75 FR 

55579) requesting public comment for 

60 days on the implementation of the 

Survey of Finance Companies. The 

comment period for this notice expired 

on November 12, 2010. The Federal 

Reserve did not receive any comments. 

The survey will be conducted as 

proposed. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. 2010–29454 Filed 11–22–10; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Bank or 

Bank Holding Company 

The notificants listed below have 

applied under the Change in Bank 

Control Act (12 U.S.C. 1817(j)) and 

§ 225.41 of the Board’s Regulation Y (12 

CFR 225.41) to acquire shares of 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 offices 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 

December 8, 2010. 

A. Federal Reserve Bank of 

Philadelphia (Michael E. Collins, Senior 

Vice President) 100 North 6th Street, 

Philadelphia, Pennsylvania 19105– 

1521: 

1. Warburg Pincus Private Equity X, 

L.P.; Warburg Pincus X Partners, L.P.; 

Warburg Pincus X L.P.; Warburg Pincus 

& Co.; Warburg Pincus Partners, LLC 

Warburg Pincus X, LLC and Warburg 

Pincus LLC, all of New York, New York; 

to acquire voting shares of National 

Penn Bancshares, Inc., and thereby 

indirectly acquire voting shares of 

National Penn Bank, both of Boyertown, 

Pennsylvania, and The Christiana Bank 

and Trust Company, Greenville, 

Delaware. 

B. Federal Reserve Bank of St. Louis 

(Glenda Wilson, Community Affairs 

Officer) P.O. Box 442, St. Louis, 

Missouri 63166–2034: 

1. The House Family Control Group 

(which consists of Verlene H. House 

Revocable Trust, Verlene H. House as 

trustee; White River Bituminous, Inc.; 

Edward House; Howard House; Dianne 

Lamberth; Marcus Lamberth; Lauren 

Lamberth Patterson, all of Batesville, 

Arkansas; and Lance Lamberth, San 

Francisco, California), Batesville, 

Arkansas, to acquire voting shares of 

First Community Bancshares, Inc., and 

thereby indirectly acquire voting shares 

of First Community Bank of Batesville, 

both of Batesville, Arkansas. 

Board of Governors of the Federal Reserve 

System, November 18, 2010. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. 2010–29490 Filed 11–22–10; 8:45 am] 

BILLING CODE 6210–01–P 

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 application 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 

includes whether the acquisition of the 

nonbanking company complies with the 

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