15692 Federal Register / Vol. 72, No. 62 / Monday, April 2, 2007 / Notices 

asbestosis, lung cancer, or 

mesothelioma. It can take from 10 to 40 

years or more for symptoms of an 

asbestos-related condition to appear. 

Smoking increases the risk of 

developing illness from asbestos 

exposure. 

During the 60–day comment period 

beginning on August 24, 2006, EPA 

received a number of comments on the 

draft brochure. After considering those 

comments, EPA has modified the 

brochure in the following ways: 

• EPA has added language to the 

brochure that explains that asbestosrelated disease can take 10 to 40 years 

or more for symptoms of an asbestosrelated condition to appear. 

• EPA has incorporated language 

referring to information resources that 

are available to consumers, including 

Material Safety Data Sheets (MSDS), 

labels, and information from the 

product manufacturer, to aid in 

determining whether brake or clutch 

components contain asbestos. 

• EPA has incorporated information 

from OSHA’s recent Safety and Health 

Information Bulletin (SHIB) addressing 

brake and clutch repair, which notes the 

difficulty of distinguishing asbestoscontaining brake and clutch 

components from non-asbestos brake 

and clutch components. A copy of the 

OSHA SHIB may be found at http:// 

www.osha.gov/dts/shib/ 

shib072606.html. EPA also has included 

a reference to the OSHA SHIB in the 

final brochure. 

• EPA has added a reference to the 

spray can/solvent method of controlling 

the spread of brake and clutch dust, 

since it is an equivalent alternative 

asbestos control method approved by 

OSHA under 29 CFR 1910.1001, 

specifically paragraph (f)(3) and 

Appendix F. 

• EPA included advice similar to 

OSHA’s advice (in the recent OSHA 

SHIB) that individuals who perform 

brake or clutch work change into clean 

clothes before going inside the home, 

that they wash soiled clothes separately, 

and that bystanders, as well as food and 

drink, be kept out of the work area to 

minimize exposure to others. 

• EPA clarified that employers of 

professional automotive technicians 

must ensure that asbestos waste is 

disposed of properly pursuant to the 

OSHA regulations and recommended 

that home mechanics (who are not 

subject to OSHA regulations) double-bag 

asbestos waste and dispose of it 

following appropriate local regulations 

to minimize exposure. 

EPA believes this final brochure 

provides the public and workers 

involved in brake and clutch repair 

work with a simple, easy-to-understand 

summary of the OSHA work practice 

standards, which are mandatory for 

certain professional automotive 

mechanics, and provides a discussion of 

the possible health effects associated 

with asbestos exposure that is sufficient. 

The brochure is not intended to provide 

comprehensive technical information 

regarding work practices, nor is it a 

comprehensive assessment of the 

possible health effects that might arise 

if one is exposed to asbestos in 

performing brake and clutch repair 

work. Finally, the brochure is not a 

substitute for any applicable legal 

requirements or regulations. Thus, the 

brochure does not impose legally 

binding requirements on any party, 

including EPA, States, or the regulated 

community. Interested professional 

mechanics engaged in commercial brake 

and clutch repair are encouraged to 

contact OSHA regarding compliance 

with the mandatory work practice 

standards highlighted in this brochure 

(http://www.osha.gov). Similarly, 

interested State and local government 

employees who perform brake and 

clutch work in States without OSHAapproved State plans are encouraged to 

contact EPA regarding compliance with 

EPA’s Worker Protection Rule. Finally, 

home mechanics may contact EPA with 

any specific questions not addressed in 

the brochure by visiting the EPA 

asbestos website at http://www.epa.gov/ 

asbestos, or by calling the Toxic 

Substances Control Act Assistance 

Information Service (TAIS) at (202) 554–

1404. 

List of Subjects 

Environmental protection, Asbestos, 

Automotive brake and clutch repair, 

Health. 

Dated: March 23, 2007. 

Wendy C. Hamnett, 

Acting Assistant Administrator, Office of 

Prevention, Pesticides and Toxic Substances. 

[FR Doc. E7–6057 Filed 3–30–07; 8:45 am] 

BILLING CODE 6560–50–S 

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, 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. 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 

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 June 1, 2007. 

ADDRESSES: You may submit comments, 

identified by FR 4008, FR 4010, FR 

4013, or FR 4014, 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. 


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Federal Register / Vol. 72, No. 62 / Monday, April 2, 2007 / Notices 15693 

• 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.cfmas 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 in Room MP–500 of the Board’s 

Martin Building (20th and C Streets, 

N.W.) 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: FOR 

FURTHER INFORMATION CONTACT: 

A copy of the proposed form and 

instructions, the Paperwork Reduction 

Act Submission, supporting statement, 

and other documents that will be placed 

into OMB’s public docket files once 

approved 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 reports: 

1. Report title: Stock Redemption 

Notification 

Agency form number: FR 4008 

OMB control number: 7100–0131 

Frequency: On occasion 

Reporters: Banks holding companies 

(BHCs) 

Annual reporting hours: 233 hours 

Estimated average hours per response: 

15.5 hours 

Number of respondents: 15 

General description of report: This 

information collection is mandatory (12 

U.S.C. § 1844(c)) and is generally not 

given confidential treatment. 

Abstract: The Bank Holding Company 

Act (BHC Act) and Regulation Y 

generally require a BHC to seek prior 

Federal Reserve approval before 

purchasing or redeeming its equity 

securities. Given that a BHC is exempt 

from this requirement if it meets certain 

financial, managerial, and supervisory 

standards, only a small portion of 

proposed stock redemptions actually 

require the prior approval of the Federal 

Reserve. There is no formal reporting 

form. The Federal Reserve uses the 

information provided in the redemption 

notice to fulfill its statutory obligation to 

supervise BHCs. 

2. Report title: Notice Claiming Status 

as an Exempt Transfer Agent 

Agency form number: FR 4013 

OMB control number: 7100–0137 

Frequency: On occasion 

Reporters: Banks, bank holding 

companies (BHCs), and certain trust 

companies 

Annual reporting hours: 12 

Estimated average hours per response: 

2 

Number of respondents: 6 

General description of report: This 

information collection is required (15 

U.S.C. (78q–1(c)) and the Federal 

Reserve is authorized to collect this data 

(15 U.S.C. (78c(a)(34)(B)(ii)). The data 

collected are not given confidential 

treatment. 

Abstract: Banks, BHCs, and trust 

companies subject to the Federal 

Reserve’s supervision that are low–

volume transfer agents voluntarily file 

the notice on occasion with the Federal 

Reserve. Transfer agents are institutions 

that provide securities transfer, 

registration, monitoring, and other 

specified services on behalf of securities 

issuers. The purpose of the notice, 

which is effective until the agent 

withdraws it, is to claim exemption 

from certain rules and regulations of the 

Securities and Exchange Commission 

(SEC). The Federal Reserve uses the 

notices for supervisory purposes 

because the SEC has assigned to the 

Federal Reserve responsibility for 

collecting the notices and verifying their 

accuracy through examinations of the 

respondents. There is no formal 

reporting form, and each notice is filed 

as a letter. 

3. Report title: Investment in Bank 

Premises Notification 

Agency form number: FR 4014 

OMB control number: 7100–0139 

Frequency: On occasion 

Reporters: State member banks 

Annual reporting hours: 18 

Estimated average hours per response: 

30 minutes 

Number of respondents: 36 

General description of report: This 

information collection is mandatory (12 

U.S.C. 371d(a)) and is not given 

confidential treatment. 

Abstract: The Federal Reserve System 

requires a state member bank to seek 

prior Federal Reserve approval before 

making an investment in bank premises 

that exceeds certain thresholds. There is 

no formal reporting form, and each 

required request for prior approval must 

be filed as a notification with the 

appropriate Reserve Bank of the state 

member bank. The Federal Reserve uses 

the information provided in the notice 

to fulfill its statutory obligation to 

supervise state member banks. 

4. Report title: Information Collections 

Related to the Gramm–Leach–Bliley 

(GLB) Act 

Agency form number: FR 4010, FR 

4011, FR 4012, FR 4017, FR 4019, and 

FR 4023 

OMB control number: 7100–0292 

Frequency: On occasion 

Reporters: BHCs, foreign banking 

organizations (FBOs), and state member 

banks 

Annual reporting hours: 2,421 hours 

Estimated average hours per response: 

FR 4010: BHC 3 hours, FBOs 3.5 hours; 

FR 4011: 10 hours; FR 4012: BHCs 

decertified as financial holding 

companies(FHCs) 1 hour, FHCs back 

into compliance 10 hours; FR 4017: 4 

hours; FR 4019: 1 hour; FR 4023: 50 

hours 

Number of respondents: FR 4010: 

BHC 49, FBOs 8; FR 4011: 4; FR 4012: 

BHCs decertified as financial holding 

companies (FHCs) 11, FHCs back into 

compliance 28; FR 4017: 2; FR 4019: 

Regulatory relief requests 5, Portfolio 

company notification 2; FR 4023: 38 

General description of report: The FR 

4010 is required to obtain a benefit and 

is authorized under Section 4(l)(1)(C) of 

the BHC Act, 12 U.S.C. § 1843(l)(l)(C); 

section 8(a) of the International Banking 

Act, 12 U.S.C. § 3106(a); and sections 

225.82 and 225.91 of Regulation Y, 12 

CFR 225.82 and 225.91. 

The FR 4011 is voluntary and is 

authorized under Sections 4(j) and 4(k) 

of the BHC Act, 12 U.S.C. § 1843(j) 

through (k); and sections 225.88, and 

225.89, of Regulation Y, 12 CFR 225.88, 

and 225.89. 

The FR 4012 is mandatory and is 

authorized under Section 4(l)(1) and 

4(m) of the BHC Act, 12 U.S.C. §

1843(l)(1) and (m); section 8(a) of the 

International Banking Act, 12 U.S.C. §


hsrobinson on PROD1PC76 with NOTICES
15694 Federal Register / Vol. 72, No. 62 / Monday, April 2, 2007 / Notices 

3106(a); and sections 225.83 and 225.93 

of Regulation Y, 12 CFR 225.83 and 

225.93. 

The FR 4017 is required to obtain a 

benefit and is authorized under Section 

9 of the Federal Reserve Act, 12 U.S.C. 

§ 335; and section 208.76 of Regulation 

H, 12 CFR 208.76. 

The FR 4019 is required to obtain a 

benefit and is authorized under Section 

4(k)(7) of the BHC Act, 12 U.S.C. §

1843(k)(7); and sections 225.171(e)(3), 

225.172(b)(4), and 225.173(c)(2) of 

Regulation Y, 12 CFR 225.171(e)(3), 

225.172(b)(4), and 225.173(c)(2). 

The FR 4023 is mandatory and is 

authorized under Section 4(k)(7) of the 

BHC Act, 12 U.S.C. § 1843(k)(7); and 

sections 225.171(e)(4) and 225.175 of 

Regulation Y, 12 CFR 225.171(e)(4) and 

225.175. 

For the FR 4010, FR 4011, FR 4017, 

and FR 4019, a company may request 

confidential treatment of the 

information contained in these 

information collections pursuant to 

section (b)(4) and (b)(6) of the Freedom 

of Information Act (FOIA)(5 U.S.C. 552 

(b)(4) and (b)(6)). Since the Federal 

Reserve does not collect the FR 4023, no 

issue of confidentiality under the FOIA 

arises. FOIA will only be implicated if 

the Board’s examiners retained a copy of 

the records in their examination or 

supervision of the institution, and 

would likely be exempt from disclosure 

pursuant to FOIA (5 U.S.C. § 552(b)(4), 

(b)(6), and (b)(8)). 

Abstract: Each BHC or FBO seeking 

FHC status must file the FR 4010 

declaration, which includes information 

needed to verify eligibility for FHC 

status. By filing the FR 4011, a requestor 

may ask the Board to determine that an 

activity is financial in nature, to issue 

an advisory opinion that an activity is 

within the scope of an activity 

previously determined to be financial in 

nature, or to approve engagement in an 

activity complementary to a financial 

activity. Any FHC ceasing to meet 

capital or managerial prerequisites for 

FHC status must notify the Board by 

filing the FR 4012 of the deficiency, and 

often must submit plans to the Board to 

cure the deficiency. Any state member 

bank seeking to establish a financial 

subsidiary must seek the Board’s prior 

approval by submitting the FR 4017. 

Any FHC seeking to extend the 10–year 

holding period for a merchant banking 

investment must submit the FR 4019 to 

apply for the Board’s prior approval, 

and a FHC also must notify the Board 

if it routinely manages or operates a 

portfolio company for more than nine 

months. All FHCs engaging in merchant 

banking activities must keep records of 

those activities, and make them 

available to examiners as specified in 

the FR 4023 requirements. 

There are no formal reporting forms 

for these collections of information, 

which are event generated, though in 

each case the type of information 

required to be filed is described in the 

Board’s regulations. These collections of 

information are required pursuant to 

amendments made by the GLB Act to 

the Bank Holding Company Act or the 

Federal Reserve Act, or Board 

regulations issued to carry out the GLB 

Act. 

Board of Governors of the Federal 

Reserve System, March 28, 2007. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. E7–6042 Filed 3–30–07; 8:45 am] 

BILLING CODE 6210–01–S 

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 

standards in section 4 of the BHC Act 

(12 U.S.C. 1843). Unless otherwise 

noted, nonbanking activities will be 

conducted throughout the United States. 

Additional information on all bank 

holding companies may be obtained 

from the National Information Center 

website at www.ffiec.gov/nic/. 

Unless otherwise noted, comments 

regarding each of these applications 

must be received at the Reserve Bank 

indicated or the offices of the Board of 

Governors not later than April 26, 2007. 

A. Federal Reserve Bank of Boston 

(Richard Walker, Community Affairs 

Officer) P.O. Box 55882, Boston, 

Massachusetts 02106-2204: 

1. Boston Private Financial Holdings, 

Inc., Boston, Massachusetts; to acquire 

100 percent of the voting shares of 

Charter Financial Corporation, Bellevue, 

Washington, and thereby indirectly 

acquire voting shares of Charter Bank, 

Bellevue, Washington. 

In connection with this Application, 

Applicant also has applied to engage in 

management consulting activities 

through Banc Support, Inc., Kent, 

Washington, pursuant to section 

225.28(b)(9)(i)(A) of Regulation Y. 

B. Federal Reserve Bank of Dallas 

(W. Arthur Tribble, Vice President) 2200 

North Pearl Street, Dallas, Texas 75201- 

2272: 

1. Opportunity Bancshares, Inc., 

Richardson, Texas; to become a bank 

holding company by acquiring 100 

percent of the voting shares of 

Opportunity Bank, National 

Association, Richardson, Texas. 

Board of Governors of the Federal Reserve 

System, March 27, 2007. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. E7–5946 Filed 3–30–07; 8:45 am] 

BILLING CODE 6210–01–S 

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 

standards in section 4 of the BHC Act 


hsrobinson on PROD1PC76 with NOTICES