48070 Federal Register / Vol. 74, No. 181 / Monday, September 21, 2009 / Notices 

Dated: September 16, 2009. 

Stephen Llewellyn, 

Executive Officer, Executive Secretariat. 

[FR Doc. E9–22774 Filed 9–17–09; 11:15 am] 

BILLING CODE 6570–01–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 1320 Appendix A.1. Boardapproved 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 

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 November 20, 2009. 

ADDRESSES: You may submit comments, 

identified by Reg G or Reg H–7 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 

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. 

Michelle Shore, 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 extension for 

three years, without revision, of the 

following information collections: 

(1) Report title: Disclosure and 

Reporting Requirements of CRA–Related 

Agreements. 

Agency form number: Reg G. 

OMB control number: 7100–0299. 

Frequency: On occasion and annual. 

Reporters: Insured depository 

institutions (IDIs) and nongovernmental 

entities or persons (NGEPs). 

Annual reporting hours: 78 hours. 

Number of respondents: 3 IDI and 6 

NGEPs. 

Estimated average hours per response: 

1 hour (6 disclosure requirements and 1 

annual report) and 4 hours (2 annual 

reports). 

General description of report: This 

information collection is required 

pursuant the Federal Deposit Insurance 

Act (FDI Act), 12 U.S.C. 1831y(b) and 

(c). The FDI Act authorizes the Federal 

Reserve to require the disclosure and 

reporting requirements of Regulation G 

(12 CFR 207). In general, the Federal 

Reserve does not consider individual 

respondent commercial and financial 

information collected by the Federal 

Reserve pursuant to Regulation G as 

confidential. However, a respondent 

may request confidential treatment 

pursuant to section (b)(4) of Freedom of 

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

Abstract: Section 48 of the FDI Act 

imposes disclosure and reporting 

requirements on IDIs, their affiliates and 

NGEPs that enter into written 

agreements that meet certain criteria. 

The written agreements must (1) be 

made in fulfillment of the Community 

Reinvestment Act of 1977 (CRA) and (2) 

involve funds or other resources of an 

IDI or affiliate with an aggregate value 

of more than $10,000 in a year, or loans 

with an aggregate principal value of 

more than $50,000 in a year. Section 48 

excludes from the disclosure and 

reporting requirements any agreement 

between an IDI or its affiliate and an 

NGEP if the NGEP has not contacted the 

IDI or its affiliate, or a banking agency, 

concerning the CRA performance of the 

IDI. 

Regulation G contains four disclosure 

requirements and two reporting 

requirements for IDIs and affiliates and 

two disclosure requirements and one 

reporting requirement for NGEPs. Please 

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Federal Register / Vol. 74, No. 181 / Monday, September 21, 2009 / Notices 48071 

see the agency’s OMB supporting 

statement for a summary of the 

disclosure and reporting requirements 

of Regulation G, http:// 

www.federalreserve.gov/boarddocs/ 

reportforms/review.cfm. 

The disclosure and reporting 

requirements in connection with 

Regulation G are mandatory and apply 

to state member banks and their 

subsidiaries; bank holding companies; 

affiliates of bank holding companies, 

other than banks, savings associations, 

and subsidiaries of banks and savings 

associations; and NGEPs that enter into 

covered agreements with any of the 

aforementioned companies. 

(2) Report title: Disclosure 

Requirements in Connection With 

Regulation H (Consumer Protections in 

Sales of Insurance). 

Agency form number: Reg H–7. 

OMB control number: 7100–0298. 

Frequency: On occasion. 

Reporters: State member banks. 

Annual reporting hours: 13,451 hours. 

Number of respondents: 854. 

Estimated average hours per response: 

1.5 minutes. 

General description of report: This 

information collection is mandatory 

pursuant the Federal Deposit Insurance 

Act, 12 U.S.C. 1831x. Since the Federal 

Reserve does not collect any 

information, no issue of confidentiality 

normally arises. 

Abstract: Section 305 of the GrammLeach-Bliley Act requires financial 

institutions to provide written and oral 

disclosures to consumers in connection 

with the initial sale of an insurance 

product or annuity concerning its 

uninsured nature and the existence of 

the investment risk, if appropriate, and 

the fact that insurance sales and credit 

may not be tied. 

Covered persons must make insurance 

disclosures before the completion of the 

initial sale of an insurance product or 

annuity to a consumer. The disclosure 

must be made orally and in writing to 

the consumer that: (1) The insurance 

product or annuity is not a deposit or 

other obligation of, or guaranteed by, the 

financial institution or an affiliate of the 

financial institution; (2) the insurance 

product or annuity is not insured by the 

Federal Deposit Insurance Corporation 

or any other agency of the United States, 

the financial institution, or (if 

applicable) an affiliate of the financial 

institution; and (3) in the case of an 

insurance product or annuity that 

involves an investment risk, there is 

investment risk associated with the 

product, including the possible loss of 

value. 

Covered persons must make a credit 

disclosure at the time a consumer 

applies for an extension of credit in 

connection with which an insurance 

product or annuity is solicited, offered, 

or sold. The disclosure must be made 

orally and in writing that the financial 

institution may not condition an 

extension of credit on either: (1) The 

consumer’s purchase of an insurance 

product or annuity from the financial 

institution or any of its affiliates; or (2) 

the consumer’s agreement not to obtain, 

or a prohibition on the consumer from 

obtaining, an insurance product or 

annuity from an unaffiliated entity. 

Please see the agency’s OMB 

supporting statement for a summary of 

the disclosure requirements of 

Regulation H–7 http:// 

www.federalreserve.gov/boarddocs/ 

reportforms/review.cfm. 

Board of Governors of the Federal Reserve 

System, September 16, 2009. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. E9–22616 Filed 9–18–09; 8:45 am] 

BILLING CODE 6210–01–P 

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 

§ 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 

6, 2009. 

A. Federal Reserve Bank of Cleveland 

(Nadine Wallman, Vice President) 1455 

East Sixth Street, Cleveland, Ohio 

44101–2566: 

1. The Davis family, consisting of Clay 

Parker Davis; Jodie Davis Owings; Scott 

H. Owings; Charles W. Owings; The 

Cooper Family, consisting of Cornelia D. 

Cooper, individually, and as Executrix 

of The Estate of Richard E. Cooper, all 

of Somerset Kentucky; Cornelia C. 

Vaughan; Frank D. Cain, both of 

Lexington, Kentucky; The Merrick 

family, consisting of Odell Merrick; 

Deborah L. Merrick—Eades; Cameron D. 

Merrick; Stephanie D. Merrick; Stephen 

D. Merrick; The Rakestraw family, 

consisting of Harris Rakestraw, III; 

Angel L. Rakestraw—Godby; Joy B. 

Carroll; Harris Rakestraw, III and 

Connie Belle Harris—Rakestraw, as 

Co—Trustees of The Benjamin H. 

Rakestraw—Godby Irrevocable Trust; 

The Waddle family, consisting of Cy 

Waddle, individually, and as Trustee of 

The Cy Waddle Revocable Living Trust; 

Gary C. Waddle; Thomas P. Waddle; 

Jean Waddle, individually, and as 

Trustee of The Jean Waddle Revocable 

Living Trust; The Hawkins Family, 

consisting of Virginia Hawkins, 

individually, and as Trustee of the 

James F. Hawkins Revocable Living 

Trust; James F. Hawkins, III; Judith A. 

Holtzclaw; James Hawkins, IV; 

Samantha Jo Hawkins, all of Somerset, 

Kentucky; and Marsha E. Hawkins— 

Barnett, of Corbin, Kentucky; to acquire 

voting shares of Citizens Bancshares, 

Inc., and thereby indirectly acquire 

voting shares of Citizens National Bank 

of Somerset, both of Somerset, 

Kentucky. 

Board of Governors of the Federal Reserve 

System, September 16, 2009. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. E9–22607 Filed 9–18–09; 8:45 am] 

BILLING CODE 6210–01–S 

FEDERAL MARITIME COMMISSION 

Notice of Agreements Filed 

The Commission hereby gives notice 

of the filing of the following agreements 

under the Shipping Act of 1984. 

Interested parties may submit comments 

on the agreements to the Secretary, 

Federal Maritime Commission, 

Washington, DC 20573, within ten days 

of the date this notice appears in the 

Federal Register. Copies of the 

agreements are available through the 

Commission’s Web site (http:// 

www.fmc.gov) or by contacting the 

Office of Agreements at (202) 523–5793 

or tradeanalysis@fmc.gov. 

Agreement No.: 011960–005. 

Title: The New World Alliance 

Agreement. 

Parties: American President Lines, 

Ltd.; APL Co. Pte, Ltd.; Hyundai 

Merchant Marine Co., Ltd.; and Mitsui 

O.S.K. Lines, Ltd. (‘‘MOL’’). 

Filing Party: David F. Smith, Esq., 

Sher & Blackwell LLP, 1850 M Street, 

NW., Suite 900, Washington, DC 20036. 

Synopsis: The amendment would 

authorize Hyundai to sub-charter space 

under the agreement to Hanjin Shipping 

Company, Ltd. The parties requested 

expedited review. 

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