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. 

mstockstill on DSKH9S0YB1PROD with NOTICES