Federal Register / Vol. 70, No. 188 / Thursday, September 29, 2005 / Notices 56897 

Audits conducted pursuant to 2 U.S.C. 

437g, 438(b), and Title 26, U.S.C. 

Matters concerning participation in civil 

actions or proceedings or arbitration. 

Internal personnel rules and procedures 

or matters affecting a particular 

employee. 

(Note: The starting time for the open meeting 

on Thursday, October 6, 2005 has been 

changed to 2 p.m.) 

DATE AND TIME: Thursday, October 6, 

2005, at 2 p.m. 

PLACE: 999 E Street, NW., Washington, 

DC (Ninth Floor). 

STATUS: This meeting will be open to 

the public. 

ITEMS TO BE DISCUSSED: 

Correction and Approval of Minutes. 

Report of the Audit Division on the Dole 

North Carolina Victory Committee, 

Inc. 

Routine Administrative Matters. 

FOR FURTHER INFORMATION CONTACT: Mr. 

Robert Biersack, Press Officer, 

Telephone: (202) 694–1220. 

Mary W. Dove, 

Secretary of the Commission. 

[FR Doc. 05–19638 Filed 9–27–05; 2:50 pm] 

BILLING CODE 6715–01–M 

FEDERAL LABOR RELATIONS 

AUTHORITY 

Membership of the Federal Labor 

Relations Authority’s Senior Executive 

Service Performance Review Board 

AGENCY: Federal Labor Relations 

Authority. 

ACTION: Notice. 

SUMMARY: Notice is hereby given of the 

members of the Performance Review 

Board. 

DATES: September 29, 2005. 

FOR FURTHER INFORMATION CONTACT: Jill 

M. Crumpacker, Acting Executive 

Director, Federal Labor Relations 

Authority (FLRA); 1400 K Street, NW., 

Washington, DC 20424–0001; (202) 218–

7945. 

SUPPLEMENTARY INFORMATION: Section 

4314(c) of Title 5, U.S.C. (as amended 

by the Civil Service Reform Act of 1978) 

requires each agency to establish, in 

accordance with regulations prescribed 

by the Office of Personnel Management, 

one or more Performance Review Boards 

(PRB). Section 4314(c)(4) requires that 

notice of appointment of the PRB be 

published in the Federal Register. 

As required by 5 CFR 430.310, 

Chairman Dale Cabaniss has appointed 

the following executives to serve on the 

2005–2006 PRB for the FLRA, beginning 

September 2005 through September 

2006: 

Frank Battle, Deputy Director of 

Administration, National Labor 

Relations Board; Jill Crumpacker, 

Acting Executive Director, Federal 

Labor Relations Authority; 

Russell G. Harris, Deputy Administrator, 

Wage and Hour Division, U.S. 

Department of Labor; 

Mary Johnson, General Counsel, 

National Mediation Board; 

Steve Nelson, Director, Office of Policy 

and Evaluation, Merit Systems 

Protection Board; 

Don Todd, Deputy Assistant Secretary, 

Office of Labor-Management 

Standards, U.S. Department of Labor. 

Authority: 5 U.S.C. 4134(c)(4). 

Dated: September 26, 2005. 

Jill M. Crumpacker, 

Acting Executive Director. 

[FR Doc. 05–19487 Filed 9–28–05; 8:45 am] 

BILLING CODE 6727–01–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, 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 

OMB 83–Is and 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 28, 2005. 

ADDRESSES: You may submit comments, 

identified by FR 2009, FR2028, FR 2572, 

or FR Y–10S 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 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. 

FOR FURTHER INFORMATION CONTACT: A 

copy of the proposed form and 

56898 Federal Register / Vol. 70, No. 188 / Thursday, September 29, 2005 / Notices 

instructions, the Paperwork Reduction 

Act Submission (OMB 83–I), 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 Long, 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 revision, without 

extension, of the following reports: 

Report titles: Report of Changes in 

Organizational Structure, Report of 

Changes in FBO Organizational 

Structure. 

Agency form numbers: FR Y–10 and 

FR Y–10F. 

OMB control number: 7100–0297. 

Frequency: Event-generated. 

Reporters: Bank holding companies 

(BHCs), foreign banking organizations 

(FBOs), and state member banks 

unaffiliated with a BHC. 

Annual reporting hours: 18,004 hours. 

Estimated average hours per response: 

1 hour. 

Number of respondents: 5,510. 

General description of report: This 

information collection is mandatory (12 

U.S.C. 248(a)(1), 602, 611a, 1843(k), 

1844(c)(1)(A), 3106(a) and 12 CFR 

211.13(c), 225.5(b), and 225.87). 

Individual respondent data are not 

considered as confidential. However, a 

company may request confidential 

treatment pursuant to sections (b)(4) and 

(b)(6) of the Freedom of Information Act 

(5 U.S.C. 522(b)(4) and (b)(6)). 

Abstract: The FR Y–10 is an eventgenerated report filed by top-tier 

domestic BHCs, including financial 

holding companies (FHCs), and state 

member banks unaffiliated with a BHC 

or FHC, to capture changes in their 

regulated investments and activities. 

The Federal Reserve uses the data to 

monitor structure information on 

subsidiaries and regulated investments 

of these entities engaged in both 

banking and nonbanking activities. 

The FR Y–10F is an event-generated 

report filed by FBOs, including FHCs, to 

capture changes in their regulated 

investments and activities. The Federal 

Reserve uses the data to ensure 

compliance with U.S. banking laws and 

regulations and to determine the risk 

profile of the FBO structure. 

Current action: The Federal Reserve 

proposes to add a Supplement to the 

Reports of Changes in Organizational 

Structure (FR Y–10S) to enhance the 

Federal Reserve’s ability to compare 

regulatory data to market data and to 

increase the Federal Reserve’s 

effectiveness in assessing banking 

organizations’ compliance with 

Sarbanes-Oxley Act of 2002 (SOX). The 

initial collection of this data would be 

as of December 31, 2005. 

The FR Y–10S panel would comprise 

top-tier BHCs, FBOs, and state member 

banks that are not controlled by a BHC. 

All of these organizations currently file 

either the FR Y–10 or FR Y–10F. 

However, FBOs would not be required 

to report data for Schedule B. 

Schedule A—SEC Reporting Status 

As a general matter, the Federal 

Reserve’s supervisory function assesses 

the effectiveness of a banking 

organization’s systems and processes 

designed to ensure compliance with 

laws and regulations, including SOX. 

SOX contains detailed requirements 

designed to improve corporate 

governance, enhance financial 

disclosures, and reform auditing 

relationships for public companies, 

including public banking organizations. 

Public banking organizations are those 

bank holding companies and their 

subsidiaries that are required to file 

annual reports with the Securities and 

Exchange Commission (SEC) pursuant 

to section 13(a) or 15(d) of the Securities 

and Exchange Act of 1934. The Federal 

Reserve currently does not require 

banking organizations to report their 

SEC registration status, or a change in 

their status, on an annual or periodic 

basis. Data from Schedule A would 

allow the Federal Reserve to closely 

monitor banking organizations that must 

comply with SOX. 

Schedule B—Committee on Uniform 

Security Identification Procedures 

(CUSIP) number 

Over the last several years, the need 

to analyze regulatory data and market 

data jointly has increased for 

supervisory and economic research 

purposes. The Federal Reserve and 

other federal banking agencies are 

increasingly interested in the ability to 

perform this analysis. The market data 

could be used for risk classifications for 

deposit insurance pricing purposes and 

off-site surveillance models used to 

quantify the likelihood of downgrades 

in supervisory ratings. 

To facilitate both supervisory analysis 

and economic research, there have been 

efforts to build databases linking 

Federal Reserve unique identifiers for 

institutions (ID RSSDs) to market 

identifiers such as CUSIP numbers and 

stock tickers. Although the market 

identifiers such as CUSIP numbers are 

publicly available, reconciling them to 

regulatory data has proven difficult and 

imprecise because so many institutions 

have similar attributes (such as entity 

names). Many who use these data have 

found it difficult and time consuming to 

perform this task and to keep the list up 

to date, particularly when there are 

mergers and acquisitions. Accurate and 

timely data are often needed to respond 

to Congressional and other inquiries. To 

assist in this reconciling, collection of 

six-digit CUSIP numbers on the FR Y–

10S would provide a link between the 

ID RSSD identifiers and the market 

identifiers. 

A CUSIP number identifies publiclyissued securities, including stocks of all 

registered U.S. and Canadian companies 

and U.S. government and municipal 

bonds. The number consists of nine 

characters (including letters and 

numbers) that uniquely identify a 

company or issuer and the type of 

security. The Federal Reserve proposes 

to require only the first six digits of the 

CUSIP number to reduce burden, and 

this number would still allow the 

Federal Reserve to uniquely identify the 

company. This item also would be 

completed by the respondent for certain 

of its subsidiaries that have these 

identifiers. 

The CUSIP number may be used to 

link data from regulatory reports with 

other publicly available datasets that 

contain stock and bond returns, 

earnings forecasts, executive 

compensation, and the like. The Federal 

Reserve specifically requests comment 

on the benefits of making this 

information available to the public. An 

index matching the CUSIP number with 

the ID RSSD would allow investors, 

policy makers and academics to more 

fully examine issues ranging from banklevel economic performance to policy 

research on factors impacting systemic 

risk. Finally, as regulators increasingly 

rely on market discipline, the proposed 

change to link the regulatory and market 

data will assist in monitoring market 

activities. 

Proposal to approve under OMB 

delegated authority the extension for 

three years, with minor revision, of the 

following reports: 

1. Report title: Survey of Terms of 

Lending. 

Agency form number: FR 2028A, FR 

2028B, and FR 2028S. 

OMB control number: 7100–0061. 

Frequency: Quarterly. 

Reporters: Commercial banks; and 

U.S. branches and agencies of foreign 

banks (FR 2028A and FR 2028S only). 

Annual reporting hours: 7,317 hours. 

Federal Register / Vol. 70, No. 188 / Thursday, September 29, 2005 / Notices 56899 

Estimated average hours per response: 

FR 2028A, 3.7 hours; FR 2028B, 1.2 

hours; and FR 2028S, 0.1 hours. 

Number of respondents: FR 2028A, 

398; FR 2028B, 250; and FR 2028S, 567. 

General description of report: This 

information collection is voluntary (12 

U.S.C. 248(a)(2)) and is given 

confidential treatment (5 U.S.C. 

552(b)(4)). 

Abstract: The Survey of Terms of 

Lending provides unique information 

concerning both price and certain 

nonprice terms of loans made to 

businesses and farmers during the first 

full business week of the mid-month of 

each quarter (February, May, August, 

and November). The survey comprises 

three reporting forms: The FR 2028A, 

Survey of Terms of Business Lending; 

the FR 2028B, Survey of Terms of Bank 

Lending to Farmers; and the FR 2028S, 

Prime Rate Supplement to the Survey of 

Terms of Lending. The FR 2028A and B 

collect detailed data on individual loans 

made during the survey week, and the 

FR 2028S collects the prime interest rate 

for each day of the survey from both FR 

2028A and FR 2028B respondents. From 

these sample data, estimates of the 

terms of business loans and farm loans 

extended during the reporting week are 

constructed. The estimates for business 

loans are published in the quarterly E.2 

release, Survey of Terms of Business 

Lending, while estimates for farm loans 

are published in the quarterly E.15 

release, Agricultural Finance Databook. 

Current Actions: The Federal Reserve 

proposes to revise the FR 2028A and FR 

2028B by increasing to $3,000 the 

minimum size of loans reported. This 

revision would be implemented 

effective for the May 2006 survey week. 

No changes are proposed to the FR 

2028S. The Federal Reserve would like 

to solicit specific comments on 

changing the minimum loan threshold 

from $1,000 to $3,000. 

2. Report title: Report of Terms of 

Credit Card Plans. 

Agency form number: FR 2572. 

OMB control number: 7100–0239. 

Frequency: Semi-annual. 

Reporters: Commercial banks, savings 

banks, industrial banks, and savings and 

loans associations. 

Annual reporting hours: 75 hours. 

Estimated average hours per response: 

0.25 hours. 

Number of respondents: 150. 

General description of report: This 

information collection is voluntary (15 

U.S.C. 1646(b)) and is not given 

confidential treatment. 

Abstract: This report collects data on 

credit card pricing and availability from 

a sample of at least 150 financial 

institutions that offer credit cards to the 

general public. The information is 

reported to the Congress and made 

available to the public in order to 

promote competition within the 

industry. 

Current Actions: The Federal Reserve 

proposes two minor clarifications on the 

FR 2572 reporting form and instructions 

with regard to items 56 through 58, in 

which the fee amounts for cash 

advances, late payments, and exceeding 

the credit limit are reported. 

Clarification is needed to ensure that 

only one of two mutually exclusive 

responses is reported. Responses must 

diverge according to whether the 

particular fee is uniform or variable over 

the card plan’s geographic area of 

availability. 

Discontinuation of the following 

report: 

Report title: Monthly Survey of 

Industrial Electricity Use. 

Agency form number: FR 2009. 

OMB control number: 7100–0057. 

Frequency: Monthly. 

Reporters: FR 2009a/c, Electric utility 

companies; and FR 2009b, cogenerators. 

Annual reporting hours: FR 2009a/c, 

1,920 hours; and FR 2009b, 900 hours. 

Estimated average hours per response: 

FR 2009a/c, 1 hour; and FR 2009b, 30 

minutes. 

Number of respondents: FR 2009a/c, 

160; and FR 2009b, 150. 

General description of report: This 

information collection is voluntary (12 

U.S.C. 225a, 263, 353 et seq., and 461) 

and is given confidential treatment (5 

U.S.C. 552(b)(4)). 

Abstract: This voluntary survey 

collects information on the volume of 

electric power delivered during the 

month to classes of industrial 

customers. There are three versions of 

the survey: the FR 2009a and FR 2009c 

collect information from electric 

utilities, the FR 2009a in Standard 

Industrial Codes and the FR 2009c in 

North American Industry Classification 

System codes. The FR 2009b collects 

information from manufacturing and 

mining facilities that generate electric 

power for their own use. The electric 

power data are used in deriving the 

Federal Reserve’s monthly index of 

industrial production as well as for 

calculating the monthly estimates of 

electric power used by industry. 

Current Actions: The Federal Reserve 

proposes to discontinue the FR 2009. 

The reliability of the FR 2009 data has 

decreased in recent years due to 

industry consolidation that resulted 

from the deregulation of the electricity 

markets. Since 1997 the panel size has 

decreased by about 30 percent and the 

coverage of the panel in terms of the 

amount of electric power used by 

industry has also fallen about 30 

percent. Consequently, the electric 

power data have become unacceptably 

volatile and have required a significant 

increase in resources to continue the use 

of these data in the construction of 

industrial production. 

Board of Governors of the Federal Reserve 

System, September 22, 2005. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. 05–19400 Filed 9–28–05; 8:45 am] 

BILLING CODE 6210–01–U 

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 October 24, 

2005. 

A. Federal Reserve Bank of 

Philadelphia (Michael E. Collins, Senior 

Vice President) 100 North 6th Street, 

Philadelphia, Pennsylvania 19105-1521: 

1. Penn Bancshares, Inc., Pennsville, 

New Jersey; to acquire 24.89 percent of