59290 Federal Register / Vol. 72, No. 202 / Friday, October 19, 2007 / Notices 

• Mail: Steven F. Hanft (202–898–

3907), Legal Division, Federal Deposit 

Insurance Corporation, 550 17th Street, 

NW., Washington, DC 20429. 

• Hand Delivery: Comments may be 

hand-delivered to the guard station at 

the rear of the 550 17th Street Building 

(located on F Street), on business days 

between 7 a.m. and 5 p.m. 

A copy of the comments may also be 

submitted to the OMB desk officer for 

the FDIC, Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, New 

Executive Office Building, Washington, 

DC 20503. 

FOR FURTHER INFORMATION CONTACT: 

Steven F. Hanft, at the address 

identified above. 

SUPPLEMENTARY INFORMATION: Proposal 

to renew the following currently 

approved collections of information: 

1. Title: Interagency Biographical and 

Financial Report. 

OMB Number: 3064–0006. 

Frequency of Response: On occasion. 

Affected Public: Directors or officers 

of proposed or operating insured state 

nonmember banks. 

Estimated Number of Respondents: 

1,769. 

Estimated Time per Response: 4 

hours. 

Total Annual Burden: 7,076 hours. 

General Description of Collection: The 

Interagency Biographical and Financial 

Report is submitted to the FDIC by each 

individual director or officer of a 

proposed or operating financial 

institution applying for federal deposit 

insurance as a state nonmember bank. 

The information is used by the FDIC to 

evaluate the general character of bank 

management as required by the Federal 

Deposit Insurance Act. 

2. Title: Interagency Notice of Change 

in Control. 

OMB Number: 3064–0019. 

Frequency of Response: On occasion. 

Affected Public: Persons proposing to 

acquire ownership control of an insured 

state nonmember bank. 

Estimated Number of Respondents: 

27. 

Estimated Time per Response: 30 

hours. 

Total Annual Burden: 810 hours. 

General Description of Collection: 

Any person proposing to acquire control 

of an insured state nonmember bank 

must provide 60 days prior written 

notice of the proposed acquisition to the 

FDIC. The FDIC uses the information to 

determine whether the competence, 

experience, or integrity of any acquiring 

person, indicates that it would not be in 

the interest of the depositors of the bank 

or in the interest of the public, to permit 

such persons to control the bank. 

3. Title: Recordkeeping and 

Disclosure Requirements in Connection 

with Regulation Z (Truth in Lending). 

OMB Number: 3064–0082. 

Frequency of Response: On occasion. 

Affected Public: State nonmember 

banks that regularly offer or extend 

consumer credit. 

Estimated Number of Respondents: 

4,941. 

Estimated Time per Response: 480 

hours. 

Total Annual Burden: 2,373,600 

hours. 

General Description of Collection: 

Regulation Z (12 CFR 226), issued by 

the Board of Governors of the Federal 

Reserve System, ensures adequate 

disclosure of the costs and terms of 

credit to consumers in open-end credit 

(revolving credit accounts) and closedend credit (such as mortgage and 

installment loans). 

4. Title: Recordkeeping and 

Disclosure Requirements in Connection 

with Regulation M (Consumer Leasing). 

OMB Number: 3064–0083. 

Frequency of Response: On occasion. 

Affected Public: State nonmember 

banks that engage in consumer leasing. 

Estimated Number of Respondents: 

1,755. 

Estimated burden per Respondent: 75 

hours. 

Total Annual Burden: 131,625. 

General Description of Collection: 

Regulation M (12 CFR 213), issued by 

the Board of Governors of the Federal 

Reserve System, implements the 

consumer leasing provisions of the 

Truth in Lending Act by providing 

consumers with disclosures about the 

costs and terms of leases for personal 

property. 

5. Title: Recordkeeping and 

Disclosure Requirements in Connection 

with Regulation B (Equal Credit 

Opportunity). 

OMB Number: 3064–0085. 

Frequency of Response: On occasion. 

Affected Public: State nonmember 

banks engaging in credit transactions. 

Estimated Number of Respondents: 

5,318. 

Estimated Time per Response: 134.9 

hours. 

Total Annual Burden: 717,642 hours. 

General Description of Collection: 

Regulation B (12 CFR 202), issued by 

the Board of Governors of the Federal 

Reserve System, prohibits creditors from 

discriminating against applicants on any 

of the bases specified by the Equal 

Credit Opportunity Act, and requires 

disclosures and recordkeeping 

requirements to implement those 

prohibitions. 

Request for Comment 

Comments are invited on: (a) Whether 

the collection of information is 

necessary for the proper performance of 

the FDIC’s functions, including whether 

the information has practical utility; (b) 

the accuracy of the estimates of the 

burden of the 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; (d) ways to minimize the 

burden of the information collection on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology; 

and (e) estimates of capital or start up 

costs, and costs of operation, 

maintenance and purchase of services to 

provide the information. 

At the end of the comment period, the 

comments and recommendations 

received will be analyzed to determine 

the extent to which the collection 

should be modified prior to submission 

to OMB for review and approval. 

Comments submitted in response to this 

notice also will be summarized or 

included in the FDIC’s requests to OMB 

for renewal of these collections. All 

comments will become a matter of 

public record. 

Dated at Washington, DC, this 15th day of 

October 2007. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. E7–20584 Filed 10–18–07; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL ELECTION COMMISSION 

Sunshine Act Meeting 

DATE AND TIME: Thursday, October 25, 

2007, at 10 a.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. 

Draft Advisory Opinion 2007–20: XM 

Satellite Radio, Inc., by counsel, John 

C. Keeney, Jr. 

Notice of Proposed Rulemaking for 

Bundled Contributions. 

Management and Administrative 

Matters. 


pwalker on PROD1PC71 with NOTICES
Federal Register / Vol. 72, No. 202 / Friday, October 19, 2007 / Notices 59291 

PERSON TO CONTACT FOR INFORMATION: 

Mr. Robert Biersack, Press Officer, 

Telephone: (202) 694–1220. 

Mary W. Dove, 

Secretary of the Commission. 

[FR Doc. 07–5209 Filed 10–17–07; 3:21 pm] 

BILLING CODE 6715–01–M 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

SUMMARY: Background. Notice is hereby 

given of the final approval of proposed 

information collections by the Board of 

Governors of the Federal Reserve 

System (Board) under OMB delegated 

authority, as per 5 CFR 1320.16 (OMB 

Regulations on Controlling Paperwork 

Burdens on the Public). 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 instrument(s) 

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. 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Clearance Officer 

––Michelle Shore––Division of Research 

and Statistics, Board of Governors of the 

Federal Reserve System, Washington, 

DC 20551 (202–452–3829). 

OMB Desk Officer––Alexander T. 

Hunt––Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, New 

Executive Office Building, Room 10235, 

Washington, DC 20503. 

Final approval under OMB delegated 

authority of the extension for three 

years, without revision, of the following 

reports: 

1. Report title: Studies of Board 

Publications. 

Agency form number: FR 1373a,b. 

OMB control number: 7100–0301. 

Frequency: FR 1373a, one or two 

times per year; FR 1373b, small–panel 

survey: five times per year; large–panel 

survey, three times per year. 

Reporters: FR 1373a: community–

based educators, key stakeholders, and 

other educators who have previously 

requested consumer education materials 

from the Federal Reserve; FR 1373b: 

current subscribers of the publications 

being surveyed. 

Annual reporting hours: FR 1373a: 

survey, 300 hours; panel discussion, 68 

hours.FR 1373b: small–panel, 80 hours; 

large–panel 300 hours. 

Estimated average hours per response: 

FR 1373a: survey, 30 minutes; panel 

discussion, 90 minutes. FR 1373b: 

small–panel, 15 minutes; large–panel 15 

minutes. 

Number of respondents: FR 1373a: 

survey, 400; panel discussion, 45. FR 

1373b: small–panel, 64; large–panel, 

400. 

General description of report: This 

information collection is voluntary. The 

FR 1373a study is authorized pursuant 

to the Federal Trade Commission 

Improvement Act (15 U.S.C. § 57a(f)); 

the FR 1373b study is authorized 

pursuant to the Federal Reserve Act (12 

U.S.C. § 248(i)). The specific 

information collected is not considered 

confidential. 

Abstract: The Federal Reserve uses 

the FR 1373a to: 1) conduct periodic 

reviews and evaluations of the 

consumer education materials and 2) 

develop and evaluate consumer 

education materials under consideration 

for distribution. The FR 1373b data help 

the Federal Reserve determine if it 

should continue to issue certain 

publications and, if so, whether the 

public would like to see changes in the 

method of information delivery, 

frequency, content, format, or 

appearance. 

Action: On August 7, 2007, the 

Federal Reserve published a notice in 

the Federal Register (72 FR 44136) 

requesting public comment for 60 days 

on the extension, without revision, of 

FR 1373a,b. The comment period for 

this notice expired on October 9, 2007. 

No comments were received. 

2. Report title: Disclosure 

Requirements in Connection with 

Regulation CC (Expedited Funds 

Availability Act (EFAA)) 

Agency form number: Reg CC. 

OMB control number: 7100–0235. 

Frequency: Event–generated. 

Reporters: State member banks and 

uninsured state branches and agencies 

of foreign banks. 

Annual reporting hours: 210,882 

hours. 

Estimated average hours per response: 

Banks: Specific availability policy 

disclosure and initial disclosures, 1 

minute; notice in specific policy 

disclosure, 3 minutes; notice of 

exceptions, 3 minutes; locations where 

employees accept consumer deposits, 15 

minutes; annual notice of new 

automated teller machines (ATMs), 5 

hours; ATM changes in policy, 20 

hours; notice of nonpayment, 1 minute; 

expedited recredit for consumers, 15 

minutes; expedited recredit for banks, 

15 minutes; consumer awareness, 1 

minute. Consumers: expedited recredit 

claim notice, 15 minutes. 

Number of respondents: 1,105. 

General description of report: This 

information collection is mandatory. 

Reg CC is authorized pursuant the 

EFAA, as amended, and the Check 21 

Act (12 U.S.C. § 4008 and 12 U.S.C. 

5014, respectively). Because the Federal 

Reserve does not collect any 

information, no issue of confidentiality 

arises. However, if, during a compliance 

examination of a financial institution, a 

violation or possible violation of the 

EFAA or the Check 21 Act is noted then 

information regarding such violation 

may be kept confidential pursuant to 

Section (b)(8) of the Freedom of 

Information Act. 5 U.S.C. § 552(b)(8). 

Abstract: Regulation CC requires 

banks to make funds deposited in 

transaction accounts available within 

specified time periods, disclose their 

availability policies to customers, and 

begin accruing interest on such deposits 

promptly. The disclosures are intended 

to alert customers that their ability to 

use deposited funds may be delayed, 

prevent unintentional (and potentially 

costly) overdrafts, and allow customers 

to compare the policies of different 

banks before deciding at which bank to 

deposit funds. The regulation also 

requires notice to the depositary bank 

and to a customer of nonpayment of a 

check. Model disclosure forms, clauses, 

and notices are appended to the 

regulation to ease compliance. 

Action: On August 7, 2007, the 

Federal Reserve published a notice in 

the Federal Register (72 FR 44136) 

requesting public comment for 60 days 

on the extension, without revision, of 

Reg CC. The comment period for this 

notice expired on October 9, 2007. No 

comments were received. 

Board of Governors of the Federal Reserve 

System, October 16, 2007. 

Jennifer J. Johnson 

Secretary of the Board. 

[FR Doc. E7–20620 Filed 10–18–07; 8:45 am] 

BILLING CODE 6210–01–S 


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