Federal Register / Vol. 71, No. 216 / Wednesday, November 8, 2006 / Notices 65547 

1Pub. L. 106–102, 113 Stat. 1338 (1999). 

2See 15 U.S.C. 78q(i). 

3See Exchange Act Release No. 49831 (Jun. 8, 

2004), 69 FR 34472 (Jun. 21, 2004). 4See H.R. Conf. Rep. No. 106–434, 165 (1999). 

See also Exchange Act Release No. 49831, at 6 (Jun. 

8, 2004), 69 FR 34472, at 34473 (Jun. 21, 2004). 5 17 CFR 240.15c3–4. 

boards. The board reviews and evaluates 

the initial appraisal of a senior 

executive’s performance by the 

supervisor, and considers 

recommendations to the appointing 

authority regarding the performance of 

the senior executive. 

Office Of Personnel Management. 

Linda M. Springer, 

Director. 

The following have been designated 

as members of the Performance Review 

Board of the Office of Personnel 

Management: 

Dan G. Blair, Deputy Director—Chair. 

Patricia L. Hollis, Chief of Staff and 

Director of External Affairs. 

Clarence Crawford, Chief Financial 

Officer. 

Robert Danbeck, Associate Director, 

Human Resources Products and 

Services Division. 

Nancy Kichak, Associate Director, 

Strategic Human Resources Policy 

Division. 

Solly Thomas, Acting Associate 

Director, Human Capital Leadership 

and Merit System Accountability 

Division. 

Kathy Dillaman, Associate Director, 

Federal Investigative Services 

Division. 

Ronald C. Flom, Associate Director, 

Management Services Division and 

Chief Human Capital Officer. 

Kerry McTigue, General Counsel. 

William A. Jackson Jr., Deputy Associate 

Director for Human Capital 

Management Services—Executive 

Secretariat. 

[FR Doc. E6–18789 Filed 11–7–06; 8:45 am] 

BILLING CODE 6325–45–P 

POSTAL SERVICE 

Sunshine Act Meeting 

DATE AND TIME: Tuesday, November 14, 

2006, at 2 p.m.; and Wednesday, 

November 15, 2006, at 8:30 a.m. 

PLACE: Washington, DC., at U.S. Postal 

Service Headquarters, 475 L’Enfant 

Plaza, SW., in the Benjamin Franklin 

Room. 

STATUS: November 14—2 p.m.—Closed; 

November 15—8:30 a.m.—Open. 

MATTERS TO BE CONSIDERED: 

Tuesday, November 14 at 2 p.m. 

(Closed). 

1. Strategic Planning. 

2. Rate Case Updated. 

3. Labor Negotiations Update. 

4. Audit and Finance Committee Report 

and Review of 2006 Year-End 

Financial Statements. 

5. Financial Update. 

6. Personnel Matters and Compensation 

Issues. 

Wednesday, November 15 at 8:30 a.m. 

(Open). 

1. Minutes of the Previous Meeting, 

September 11–12, 2006. 

2. Remarks of the Postmaster General 

and CEO Jack Potter. 

3. Committee Reports. 

4. Quarterly Report on Service 

Performance. 

5. Consideration of Fiscal Year 2006 

Audited Financial Statements. 

6. Tentative Agenda for the December 

5–6, 2006, meeting in Washington, 

DC. 

CONTACT PERSON FOR MORE INFORMATION: 

Wendy A. Hocking, Secretary of the 

Board, U.S. Postal Service, 475 L’Enfant 

Plaza, SW., Washington, DC 20260–

1000. Telephone (202) 268–4800. 

Wendy A. Hocking, 

Secretary. 

[FR Doc. 06–9131 Filed 11–3–06; 4:14 pm] 

BILLING CODE 7710–12–M 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon written request, copies available 

from: Securities and Exchange 

Commission, Office of Filings and 

Information Services, Washington, DC 

20549. 

Extension: 

Rule 17i–4; SEC File No. 270–530; OMB 

Control No. 3235–0594. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.) the Securities 

and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget a 

request for extension of the previously 

approved collection of information 

discussed below. 

Section 231 of the Gramm-LeachBliley Act of 1999 1 (the ‘‘GLBA’’) 

amended Section 17 of the Securities 

Exchange Act of 1934 (15 U.S.C. 78a et 

seq.) (the ‘‘Act’’ or the ‘‘Exchange Act’’) 

to create a regulatory framework under 

which a holding company of a brokerdealer (‘‘investment bank holding 

company’’ or ‘‘IBHC’’) may voluntarily 

be supervised by the Commission as a 

supervised investment bank holding 

company (or ‘‘SIBHC’’).2 In 2004, the 

Commission promulgated rules, 

including Rule 17i–4, (17 CFR 240.17i–

4.) to create a framework for the 

Commission to supervise SIBHCs.3 This 

framework includes qualification 

criteria for SIBHCs, as well as 

recordkeeping and reporting 

requirements. Among other things, this 

regulatory framework for SIBHCs is 

intended to provide a basis for non-U.S. 

financial regulators to treat the 

Commission as the principal U.S. 

consolidated home-country supervisor 

for SIBHCs and their affiliated brokerdealers.4

Rule 17i–4 requires an SIBHC to 

comply with present Exchange Act Rule 

15c3–4 5 as though it were a brokerdealer, which requires that the firm 

establish, document and maintain a 

system of internal risk management 

controls to assist it in managing the 

risks associated with its business 

activities (including market, credit, 

operational, funding, and legal risks). In 

addition, Rule 17i–4 requires that an 

SIBHC establish, document, and 

maintain procedures for the detection 

and prevention of money laundering 

and terrorist financing as part of its 

internal risk management control 

system. Finally, Rule 17i–4 requires that 

an SIBHC periodically review its 

internal risk management control 

system for integrity of the risk 

measurement, monitoring, and 

management process, and 

accountability, at the appropriate 

organizational level, for defining the 

permitted scope of activity and level of 

risk. 

The collection of information required 

pursuant to Rule 17i–4 is needed so that 

the Commission can adequately 

supervise the activities of these SIBHCs, 

and to allow the Commission to 

effectively determine whether 

supervision of an IBHC as an SIBHC is 

necessary or appropriate in furtherance 

of the purposes of Section 17 of the Act. 

Without this information, the 

Commission would be unable to 

adequately supervise the SIBHC as 

provided for under the Exchange Act. 

We estimate that three IBHCs will file 

Notices of Intention with the 

Commission to be supervised by the 

Commission as SIBHCs. An SIBHC will 

require, on average, about 3,600 hours to 

assess its present structure, businesses, 

and controls, and establish and 

document its risk management control 

system. In addition, an SIBHC will 

require, on average, approximately 250 


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