Federal Register / Vol. 75, No. 248 / Tuesday, December 28, 2010 / Notices 81607 

this information collection. The 

comment period for this notice expired 

on December 13, 2010. The Federal 

Reserve did not receive any comments. 

2. Report title: Statement of Purpose 

for an Extension of Credit by a Creditor. 

Agency form number: FR T–4. 

OMB control number: 7100–0019. 

Frequency: On occasion. 

Reporters: Brokers and dealers. 

Estimated annual reporting hours: 

459 hours. 

Estimated average hours per response: 

10 minutes. 

Number of respondents: 135. 

General description of report: This 

information collection is mandatory and 

authorized by section 7 of the ’34 Act 

(15 U.S.C. 78g). In addition, the FR 

T–4 is required by Section 220.6 of 

Regulation T (12 CFR 220.6). The FR 

T–4 data are not submitted to the 

Federal Reserve System and, as such, no 

issue of confidentiality arises. 

Abstract: The Securities Exchange Act 

of 1934 authorizes the Federal Reserve 

to regulate securities credit extended by 

brokers and dealers, banks, and other 

lenders. The FR T–4 is a purpose 

statement for brokers and dealers. The 

purpose statement is a recordkeeping 

requirement for brokers and dealers to 

document the purpose of their loans 

secured by margin stock. Margin stock 

is defined as (1) stocks that are 

registered on a national securities 

exchange or any over-the-counter 

security designated for trading in the 

National Market System, (2) debt 

securities (bonds) that are convertible 

into margin stock, and (3) shares of most 

mutual funds. 

Current Actions: On October 14, 2010, 

the Federal Reserve published a notice 

in the Federal Register (75 FR 63181) 

requesting public comment for 60 days 

on the extension, without revision, of 

three reports that collect information on 

certain extensions of credit secured by 

margin stock. The comment period for 

this notice expired on December 13, 

2010. The Federal Reserve did not 

receive any comments. 

Final approval under OMB delegated 

authority of the extension for three 

years, with clarification, of the following 

reports: 

Report titles: Registration Statement 

for Persons Who Extend Credit Secured 

by Margin Stock (Other Than Banks, 

Brokers, or Dealers), Deregistration 

Statement for Persons Registered 

Pursuant to Regulation U, Statement of 

Purpose for an Extension of Credit 

Secured by Margin Stock by a Person 

Subject to Registration Under 

Regulation U; Annual Report, and 

Statement of Purpose for an Extension 

of Credit Secured by Margin Stock. 

Agency form numbers: FR G–1, FR 

G–2, FR G–3, FR G–4, and FR U–1. 

OMB control numbers: 7100–0011: FR 

G–1, FR G–2, and FR G–4; 7100–0018: 

FR G–3; and 7100–0115: FR U–1. 

Frequency: On occasion and annual. 

Reporters: Individuals and business. 

Annual reporting hours: 1,207 

reporting hours; 1,604 recordkeeping 

hours. 

Estimated average hours per response: 

FR G–1, 2.5 hours; FR G–2, 15 minutes; 

FR G–3, 10 minutes; FR G–4, 2.0 hours; 

and FR U–1, 10 minutes. 

Number of respondents: FR G–1, 25; 

FR G–2, 40; FR G–3, 284; FR G–4, 567; 

and FR U–1, 50. 

General description of report: These 

mandatory information collections are 

authorized by section 7 of the ’34 Act 

(15 U.S.C. 78g). In addition, the FR 

U–1 is required by Sections 

221.3(c)(1)(i) and (2)(i) of Regulation U 

(12 CFR 221.3(c)(1)(i) and (2)(i)), and the 

FR G–1, G–2, G–3, and G–4 are required 

by Sections 221.3(b)(1), (2), and (3), and 

(c)(1)(ii) and (2)(ii) of Regulation U (12 

CFR 221.3(b)(1), (2), and (3), and 

(c)(1)(ii) and (2)(ii)). 

The information collected in the FR 

G–1 and the FR G–4 is given 

confidential treatment under the 

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

552 (b)(4) and (6)). Confidentiality 

determinations would have to be made 

on a case by case basis. The FR G–2 

does not collect confidential 

information. The FR U–1 and FR G–3 

data are not submitted to the Federal 

Reserve System and, as such, no issue 

of confidentiality arises. 

Abstract: The Securities Exchange Act 

of 1934 authorizes the Federal Reserve 

to regulate securities credit extended by 

brokers and dealers, banks, and other 

lenders. The purpose statements, FR 

U–1 and FR G–3, are recordkeeping 

requirements for brokers and dealers, 

banks, and other lenders, respectively, 

to document the purpose of their loans 

secured by margin stock. Margin stock 

is defined as (1) stocks that are 

registered on a national securities 

exchange or any over-the-counter 

security designated for trading in the 

National Market System, (2) debt 

securities (bonds) that are convertible 

into margin stock, and (3) shares of most 

mutual funds. Lenders other than 

brokers and dealers and banks must 

register and deregister with the Federal 

Reserve using the FR G–1 and FR G–2, 

respectively, and they must file the FR 

G–4 annual report while registered. The 

Federal Reserve uses the data to identify 

lenders subject to Regulation U, to 

verify their compliance with the 

regulation, and to monitor margin 

credit. 

Current Actions: On October 14, 2010, 

the Federal Reserve published a notice 

in the Federal Register (75 FR 63181) 

requesting public comment for 60 days 

on the extension, with clarification, of 

three of the six mandatory reports that 

collect information on certain 

extensions of credit secured by margin 

stock. The comment period for this 

notice expired on December 13, 2010. 

The Federal Reserve did not receive any 

comments. The clarifications will be 

implemented as proposed. 

Board of Governors of the Federal Reserve 

System, December 22, 2010. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. 2010–32590 Filed 12–27–10; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: 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 part 

1320 Appendix A.1. 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 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. 

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 


emcdonald on DSK2BSOYB1PROD with NOTICES
81608 Federal Register / Vol. 75, No. 248 / Tuesday, December 28, 2010 / Notices 

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 

functions; including whether the 

information has practical utility; 

b. The accuracy of the Federal 

Reserve’s estimate of the burden of the 

proposed information collection, 

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 

information collection on respondents, 

including through the use of automated 

collection techniques or other forms of 

information technology. 

DATES: Comments must be submitted on 

or before February 28, 2011. 

ADDRESSES: You may submit comments, 

identified by FR 1379; FR 2225; FR 

3054; FR Y–3, FR Y–3N, FR Y–4; FR 

Y–3F; FR K–1; or FR K–2 by any of the 

following methods: 

• Agency Web Site: http:// 

www.federalreserve.gov. Follow the 

instructions for submitting comments at 

http://www.federalreserve.gov/ 

generalinfo/foia/ProposedRegs.cfm. 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• E-mail: 

regs.comments@federalreserve.gov. 

Include docket number in the subject 

line of the message. 

• FAX: 202/452–3819 or 202/452– 

3102. 

• Mail: Jennifer J. Johnson, Secretary, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue, NW., Washington, 

DC 20551. 

All public comments are available from 

the Board’s Web site at http:// 

www.federalreserve.gov/generalinfo/ 

foia/ProposedRegs.cfm as submitted, 

unless modified for technical reasons. 

Accordingly, your comments will not be 

edited to remove any identifying or 

contact information. Public comments 

may also be viewed electronically or in 

paper form in Room MP–500 of the 

Board’s Martin Building (20th and C 

Streets, NW.) between 9 a.m. and 5 p.m. 

on weekdays. 

Additionally, commenters should 

send a copy of their comments to the 

OMB Desk Officer by mail to the Office 

of Information and Regulatory Affairs, 

U.S. Office of Management and Budget, 

New Executive Office Building, Room 

10235, 725 17th Street, NW., 

Washington, DC 20503 or by fax to 202– 

395–6974. 

FOR FURTHER INFORMATION CONTACT: A 

copy of the PRA OMB submission, 

including the proposed reporting form 

and instructions, supporting statement, 

and other documentation will be placed 

into OMB’s public docket files, once 

approved. These documents will also be 

made available on the Federal Reserve 

Board’s public Web site at: http:// 

www.federalreserve.gov/boarddocs/ 

reportforms/review.cfm or may be 

requested from the agency clearance 

officer, whose name appears below. 

Cynthia Ayouch, Acting Federal 

Reserve Board Clearance Officer 

(202–452–3829), Division of Research 

and Statistics, Board of Governors of the 

Federal Reserve System, Washington, 

DC 20551. Telecommunications Device 

for the Deaf (TDD) users may contact 

(202–263–4869), Board of Governors of 

the Federal Reserve System, 

Washington, DC 20551. 

Proposal To Approve Under OMB 

Delegated Authority, the 

Implementation of the Following Report: 

Report title: Payment Systems 

Surveys: Ad Hoc Payments Systems 

Survey, Currency Quality Sampling 

Survey, Currency Quality Survey, and 

Currency Functionality Survey. 

Agency form number: FR 3054a, FR 

3054b, FR 3054c, and FR 3054d. 

OMB control number: 7100— to be 

assigned. 

Frequency: Annual, semi-annual, and 

on occasion. 

Reporters: Financial and nonfinancial 

businesses (banknote equipment 

manufacturers, or global wholesale bank 

note dealers). 

Estimated annual reporting hours: FR 

3054a: 15,000 hours; FR 3054b: 90 

hours; 

FR 3054c: 1,500 hours; and FR 3054d: 

960 hours. 

Estimated average hours per response: 

FR 3054a: 15 hours; FR 3054b: 0.5 

hours; 

FR 3054c: 30 hours; and FR 3054d: 48 

hours. 

Number of respondents: FR 3054a: 

100; FR 3054b: 180; FR 3054c; 25; and 

FR 3054d: 20. 

General description of report: These 

information collections are authorized 

pursuant to Section 11(d) of the Federal 

Reserve Act (12 U.S.C. 248(d)) and are 

voluntary. The ability of the Federal 

Reserve to maintain the confidentiality 

of information provided by respondents 

to the Payment Systems surveys would 

be determined on a case-by-case basis 

depending on the type of information 

provided for a particular survey. 

Depending upon the survey questions, 

confidential treatment could be 

warranted under section (b)(4) of the 

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

552(b)(4)). 

Abstract: The FR 3054a would be an 

event-driven survey used to obtain 

information specifically tailored to the 

Federal Reserve’s operational and fiscal 

agency responsibilities. The FR 3054a 

could be conducted independently by 

the Federal Reserve, jointly with 

another government agency, or a Federal 

Reserve Bank. The FR 3054b would be 

an annual survey to assess the quality of 

currency in circulation and would be 

conducted jointly with the Federal 

Reserve Bank of San Francisco’s Cash 

Product Office (CPO), the Federal 

Reserve Bank of Richmond’s Currency 

Technology Office (CTO), and each 

Federal Reserve Bank’s cash 

department. The FR 3054c would be a 

semi-annual survey to determine 

depository institutions’ and Banknote 

Equipment Manufacturers’ (BEMs) 

opinions of currency quality and would 

be conducted jointly with the CPO and 

CTO. The FR 3054d would be an annual 

survey to assess the functionality of 

Federal Reserve notes in banknote 

handling equipment. The FR 3054d data 

collected from BEMs would be used as 

input for future designs of Federal 

Reserve notes. The FR 3054d would be 

conducted jointly with the U.S. 

Treasury’s Bureau of Engraving and 

Printing and the CTO. The FR 3054a, FR 

3054b, FR 3054c, and FR 3054d would 

be sent to financial and nonfinancial 

businesses. 

The Federal Reserve would use the 

data collected from these surveys to 

determine: (1) Demand for currency and 

coin, (2) market preferences regarding 

currency quality, (3) quality of currency 

in circulation, (4) features used by bank 

note authentication equipment to 

denominate and authenticate bank 

notes, and (5) whether changes to 

Federal Reserve Bank sorting algorithms 

are necessary to ensure that currency in 

circulation remains fit for commerce. 

Proposal to approve under OMB 

delegated authority the extension for 

three years, with revision, the following 

reports: 

1. Report title: Consumer Satisfaction 

Questionnaire, Federal Reserve 

Consumer Help—Consumer Survey, and 

Consumer Online Complaint Form. 

Agency form number: FR 1379a, FR 

1379b, and FR 1379c. 

OMB control number: 7100–0135. 

Frequency: Event generated. 

Reporters: Consumers. 


emcdonald on DSK2BSOYB1PROD with NOTICES
Federal Register / Vol. 75, No. 248 / Tuesday, December 28, 2010 / Notices 81609 

Estimated annual reporting hours: FR 

1379a: 116 hours; FR 1379b: 167 hours; 

FR 1379c: 1,351 hours. 

Estimated average hours per response: 

FR 1379a: 5 minutes; FR 1379b: 5 

minutes; FR 1379c: 10 minutes. 

Number of respondents: FR 1379a: 

1,391; FR 1379b: 2,001; FR 1379c: 8,107. 

General description of report: This 

information collection is voluntary and 

is authorized by law pursuant the 

Federal Trade Commission 

Improvement Act (15 U.S.C. 57(a)(f)). 

The FR 1379a is not considered 

confidential. The FR 1379b collects the 

respondent’s name and the respondent 

may provide other personal information 

and information regarding his or her 

complaint in response to question five. 

The FR 1379c collects the respondent’s 

third-party representative if the 

respondent has such a representative. 

Thus, some of the information collected 

on the FR 1379b and c is considered 

confidential under the Freedom of 

Information Act (5 U.S.C. 552(b)(4), 

(b)(6), (b)(7)). 

Abstract: The FR 1379a questionnaire 

is sent to consumers who have filed 

complaints with the Federal Reserve 

against State member banks. The 

information is used to assess their 

satisfaction with the Federal Reserve’s 

handling and written response to their 

complaint at the conclusion of an 

investigation. The FR 1379b 

questionnaire is sent as needed to 

consumers who contact the Federal 

Reserve Consumer Help (FRCH) to file 

a complaint or inquiry. The information 

is used to determine whether consumers 

are satisfied with the way the FRCH 

handled their complaint. Consumers use 

the FR 1379c to electronically submit a 

complaint against a financial institution 

to the FRCH. 

Current Actions: The Federal Reserve 

proposes to revise the FR 1379c online 

complaint form by (1) expanding the 

contact section for complaints 

submitted on behalf of a consumer by a 

third-party representative, (2) adding a 

field to provide the financial 

institution’s routing number, and (3) 

deleting the question on how the 

consumer learned about the FRCH. The 

Federal Reserve proposes to extend the 

FR 1379a and FR 1379b without 

revision. 

2. Report title: Application for Prior 

Approval to Become a Bank Holding 

Company or for a Bank Holding 

Company to Acquire an Additional 

Bank or Bank Holding Company, 

Notification for Prior Approval to 

Become a Bank Holding Company or for 

a Bank Holding Company to Acquire an 

Additional Bank or Bank Holding 

Company; and Notification for Prior 

Approval to Engage Directly or 

Indirectly in Certain Nonbanking 

Activities. 

Agency form number: FR Y–3, FR 

Y–3N, and FR Y–4. 

OMB control number: 7100–0121. 

Frequency: Event generated. 

Reporters: Corporations seeking to 

become bank holding companies 

(BHCs), or existing BHCs and State 

chartered banks that are members of the 

Federal Reserve System. 

Estimated annual reporting hours: FR 

Y–3 Section 3(a)(1): 5,565 hours; FR 

Y–3 Section 3(a)(3) and 3(a)(5): 9,081 

hours; FR Y–3N Section 3(a)(1), 3(a)(3), 

and 3(a)(5): 225 hours; FR Y–4 Complete 

notification: 936 hours; FR Y–4 

Expedited notification: 90 hours; and FR 

Y–4 Post-consummation: 8 hours. 

Estimated average hours per response: 

FR Y–3 Section 3(a)(1): 53 hours; FR 

Y–3 Section 3(a)(3) and 3(a)(5): 63.5 

hours; FR Y–3N Section 3(a)(1), 3(a)(3), 

and 3(a)(5): 5 hours; FR Y–4 Complete 

notification: 12 hours; FR Y–4 

Expedited notification: 5 hours; and FR 

Y–4 Post-consummation: 30 minutes. 

Number of respondents: FR Y–3 

Section 3(a)(1): 105; FR Y–3 Section 

3(a)(3) and 3(a)(5): 143; FR Y–3N 

Section 3(a)(1), 3(a)(3), and 3(a)(5): 45; 

FR Y–4 Complete notification: 78; FR 

Y–4 Expedited notification: 18; and FR 

Y–4 Post-consummation: 16. 

General description of report: These 

information collections are mandatory 

(12 U.S.C. 1842(a), 1844(b), 1843(j)). The 

information submitted in the FR Y–3, 

FR Y–3N, and FR Y–4 is considered to 

be public unless an institution requests 

confidential treatment for portions of 

the particular application or 

notification. Applicants may rely on any 

Freedom of Information Act (FOIA) 

exemption, but such requests for 

confidentiality must contain detailed 

justifications corresponding to the 

claimed FOIA exemption. Requests for 

confidentiality must be evaluated on a 

case-by-case basis. 

Abstract: The Federal Reserve 

requires the submission of these filings 

for regulatory and supervisory purposes 

and to allow the Federal Reserve to 

fulfill its statutory obligations under the 

Bank Holding Company (BHC) Act of 

1956. These filings collect information 

on proposals by bank holding 

companies involving formations, 

acquisitions, mergers, and nonbanking 

activities. The Federal Reserve must 

obtain this information to evaluate each 

individual transaction with respect to 

financial and managerial factors, 

permissibility, competitive effects, net 

public benefits, and the impact on the 

convenience and needs of affected 

communities. 

Current Actions: The Federal Reserve 

proposes to revise the FR Y–3 

instructions by requesting additional 

information in Section 7. Any principal 

that would own 10 percent or more of 

the equity of the Applicant would be 

asked to provide an Interagency 

Biographical and Financial Report (FR 

2081c; OMB No. 7100–0134) (IBFR). If 

the principal is a corporation or 

partnership, it would be asked to 

provide financial statements (balance 

sheets and income statements) for the 

two most recent fiscal years and the 

most recent quarter end. Applicants 

would be asked to discuss any negative 

trends in the financial statements. 

Proposal to approve under OMB 

delegated authority the extension for 

three years, without revision, the 

following reports: 

1. Report title: Annual Daylight 

Overdraft Capital Report for U.S. 

Branches and Agencies of Foreign 

Banks. 

Agency form number: FR 2225. 

OMB control number: 7100–0216. 

Frequency: Annual. 

Reporters: Foreign banks with U.S. 

branches or agencies. 

Estimated annual reporting hours: 45 

hours. 

Estimated average hours per response: 

1 hour. 

Number of respondents: 45. 

General description of report: This 

information collection is authorized 

pursuant to sections 11(i), 16, and 19(f) 

of the Federal Reserve Act (12 U.S.C. 

248(i), 248–1, and 464). A foreign 

banking organization (FBO) is required 

to respond in order to obtain or retain 

a benefit, i.e., in order for the U.S. 

branch or agency of an FBO to establish 

and maintain a non-zero net debit cap. 

The information submitted by 

respondents is not confidential; 

however, respondents may request 

confidential treatment for portions of 

the report. Data may be considered 

confidential and exempt from disclosure 

under section (b)(4) of the Freedom of 

Information Act if it constitutes 

commercial or financial information and 

it would customarily not be released to 

the public by the person from whom it 

was obtained (5 U.S.C. 552(b)(4)). 

Abstract: This report was 

implemented in March 1986 as part of 

the procedures used to administer the 

Federal Reserve’s Payments System Risk 

(PSR) policy. A key component of the 

PSR policy is a limit, or a net debit cap, 

on an institution’s negative intraday 

balance in its Reserve Bank account. 

The Federal Reserve calculates an 

institution’s net debit cap by applying 

the multiple associated with the net 

debit cap category to the institution’s 


emcdonald on DSK2BSOYB1PROD with NOTICES
81610 Federal Register / Vol. 75, No. 248 / Tuesday, December 28, 2010 / Notices 

capital. For FBOs, a percentage of the 

FBO’s capital measure, known as the 

U.S. capital equivalency, is used to 

calculate the FBO’s net debit cap. 

Currently, an FBO with U.S. branches 

or agencies may voluntarily file the FR 

2225 to provide the Federal Reserve 

with its capital measure. Because an 

FBO that files the FR 2225 may be able 

to use its total capital in determining its 

U.S. capital equivalency measure, 

which is then used to calculate its net 

debit cap, an FBO seeking to maximize 

its daylight overdraft capacity may find 

it advantageous to file the FR 2225. An 

FBO that does not file FR 2225 may use 

an alternative capital measure based on 

its nonrelated liabilities. 

2. Report title: International 

Applications and Prior Notifications 

under Subparts A and C of Regulation 

K. 

Agency form number: FR K–1. 

OMB control number: 7100–0107. 

Frequency: Event generated. 

Reporters: State member banks, Edge 

and agreement corporations, bank 

holding companies, and certain FBOs. 

Estimated annual reporting hours: 

Attachments A and B, 161 hours; 

Attachments C through G, 120 hours; 

Attachments H and I, 558 hours; 

Attachment J, 30 hours; Attachment K, 

20 hours. 

Estimated average hours per response: 

Attachments A and B, 11.5 hours; 

Attachments C through G, 10 hours; 

Attachments H and I, 15.5 hours; 

Attachment J, 10 hours; Attachment K, 

20 hours. 

Number of respondents: Attachments 

A and B, 7; Attachments C through G, 

6; Attachments H and I, 12; Attachment 

J, 3; Attachment K, 1. 

General description of report: This 

information collection is mandatory 

pursuant to sections 25 and 25A of the 

Federal Reserve Act (12 U.S.C. 601– 

604(a), 611–631) and sections 4(c)(13), 

4(c)(14), and 5(c) of the BHC Act (12 

U.S.C. 1843(c)(13), 1843(c)(14), 1844(c)). 

The information submitted in the 

FR K–1 is considered to be public 

unless an institution requests 

confidential treatment for portions of 

the particular application or 

notification. Applicants may rely on any 

FOIA exemption, but such requests for 

confidentiality must contain detailed 

justifications corresponding to the 

claimed FOIA exemption. Requests for 

confidentiality must be evaluated on a 

case-by-case basis. 

Abstract: Subpart A of Regulation K 

governs the foreign investments and 

activities of member banks, Edge and 

agreement corporations, bank holding 

companies, and certain investments by 

foreign organizations. Subpart C of 

Regulation K governs investments in 

export trading companies. The FR K–1 

information collection contains eleven 

attachments for the application and 

notification requirements embodied in 

Subparts A and C of Regulation K. The 

Federal Reserve requires these 

applications for regulatory and 

supervisory purposes and to allow the 

Federal Reserve to fulfill its statutory 

obligations under the Federal Reserve 

Act and the BHC Act of 1956. 

3. Report title: International 

Applications and Prior Notifications 

Under Subpart B of Regulation K. 

Agency form number: FR K–2. 

OMB control number: 7100–284. 

Frequency: Event generated. 

Reporters: Foreign banks. 

Estimated annual reporting hours: 

630 hours. 

Estimated average hours per response: 

35 hours. 

Number of respondents: 18. 

General description of report: This 

information collection is mandatory 

pursuant to sections 7, 10, and 13 of the 

International Banking Act (12 U.S.C. 

3105, 3107, 3108). The applying or 

notifying organization may request that 

portions of the information contained in 

the FR K–2 be afforded confidential 

treatment. To do so, applicants must 

demonstrate how the information for 

which confidentiality is requested 

would fall within the scope of one or 

more of the exemptions contained in the 

Freedom of Information Act. Any such 

request would have to be evaluated on 

a case-by-case basis. 

Abstract: Foreign banks are required 

to obtain the prior approval of the 

Federal Reserve to establish a branch, 

agency, or representative office; to 

acquire ownership or control of a 

commercial lending company in the 

United States; or to change the status of 

any existing office in the United States. 

The Federal Reserve uses the 

information, in part, to fulfill its 

statutory obligation to supervise FBOs 

with offices in the United States. 

4. Report title: Application for a 

Foreign Organization to Acquire a U.S. 

Bank or Bank Holding Company. 

Agency form number: FR Y–3F. 

OMB control number: 7100–0119. 

Frequency: Event generated. 

Reporters: Any company organized 

under the laws of a foreign country 

seeking to acquire a U.S. subsidiary 

bank or BHC. 

Estimated annual reporting hours: 

Initial application, 90 hours; subsequent 

application, 490 hours. 

Estimated average hours per response: 

Initial application, 90 hours; subsequent 

application, 70 hours. 

Number of respondents: Initial 

application, 1; subsequent application, 

7. 

General description of report: This 

information collection is required to 

obtain or retain a benefit under sections 

3(a), 3(c), and 5(a) through 5(c) of the 

BHC Act (12 U.S.C. 1842(a), (c), 

1844(a)–(c). The information provided 

in the application is not confidential 

unless the applicant specifically 

requests confidentiality and the Federal 

Reserve approves the request. 

Abstract: Under the BHC Act, 

submission of this application is 

required for any company organized 

under the laws of a foreign country 

seeking to acquire a U.S. subsidiary 

bank or BHC. Applicants must provide 

financial and managerial information, 

discuss the competitive effects of the 

proposed transaction, and discuss how 

the proposed transaction would 

enhance the convenience and needs of 

the community to be served. The 

Federal Reserve uses the information, in 

part, to fulfill its supervisory 

responsibilities with respect to FBOs in 

the United States. 

Board of Governors of the Federal Reserve 

System, December 22, 2010. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. 2010–32606 Filed 12–27–10; 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 January 

11, 2011. 

A. Federal Reserve Bank of Atlanta 

(Clifford Stanford, Vice President) 1000 

Peachtree Street, NE., Atlanta, Georgia 

30309: 


emcdonald on DSK2BSOYB1PROD with NOTICES