64628 Federal Register / Vol. 72, No. 221 / Friday, November 16, 2007 / Notices 

FOR FURTHER INFORMATION CONTACT: 

Office of the Secretary, 811 Vermont 

Avenue, NW., Washington, DC 20571 

(Tel. No. 202–565–3957). 

Howard A. Schweitzer, 

General Counsel. 

[FR Doc. 07–5733 Filed 11–14–07; 12:38 pm] 

BILLING CODE 6690–01–M 

FEDERAL COMMUNICATIONS 

COMMISSION 

[Report No. 2840] 

Petitions for Reconsideration and 

Clarification of Action in Rulemaking 

Proceeding 

November 6, 2007. 

Additional Petitions for 

Reconsideration and Clarification have 

been filed in the Commission’s 

Rulemaking proceeding listed in this 

Public Notice and published pursuant to 

47 CFR 1.429(e). (See Report No. 2836, 

released October 15, 2007 in the 87–268 

Docket. This Report No. 2840 

constitutes the second Public Notice; 

the first was published in the Federal 

Register on October 22, 2007. The 

pleading cycle for the Petitions listed in 

Report 2836 required Oppositions to be 

filed by November 6 and Replies to be 

filed by November 16.) The full text of 

these documents are available for 

viewing and copying in Room CY–B402, 

445 12th Street, SW., Washington, DC or 

may be purchased from the 

Commission’s copy contractor, Best 

Copy and Printing, Inc. (BCPI) (1–800–

378–3160). Oppositions to these 

petitions must be filed by December 3, 

2007. See Section 1.4(b)(1) of the 

Commission’s rules (47 CFR 1.4(b)(1)). 

Replies to oppositions must be filed 

within 10 days after the time for filing 

oppositions have expired. 

Subject: In the Matter of Advanced 

Television Systems and Their Impact 

Upon the Existing Television Broadcast 

Service (MB Docket No. 87–268). 

Number of Petitions Filed: 90. 

Marlene H. Dortch, 

Secretary. 

[FR Doc. E7–22522 Filed 11–15–07; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL COMMUNICATIONS 

COMMISSION 

[Report No. 2839] 

Petitions for Reconsideration of Action 

in Rulemaking Proceeding 

November 5, 2007. 

Petitions for Reconsideration have 

been filed in the Commission’s 

Rulemaking proceeding listed in this 

Public Notice and published pursuant to 

47 CFR 1.429(e). The full text of these 

documents are available for viewing and 

copying in Room CY–B402, 445 12th 

Street, SW., Washington, DC or may be 

purchased from the Commission’s copy 

contractor, Best Copy and Printing, Inc. 

(BCPI) (1–800–378–3160). Oppositions 

to these petitions must be filed by 

December 3, 2007. See Section 1.4(b)(1) 

of the Commission’s rules (47 CFR 

1.4(b)(1). Replies to oppositions must be 

filed within 10 days after the time for 

filing oppositions have expired. 

Subject: In the Matter of Amendment 

of Section 73.202(b), Table of 

Allotments, FM Broadcast Stations 

(Fishers, Lawrence, Indianapolis and 

Clinton, Indiana) (MB Docket No. 05–

67). 

Number of Petitions Filed: 1. 

Subject: In the Matter of Amendment 

of Section 73.202(b), Table of 

Allotments, FM Broadcast Stations 

(Corona de Tucson, Sierra Vista, Tanque 

Verde and Vail, Arizona; Animas, 

Lordsburg and Virden, New Mexico) 

(MB Docket No. 05–245). 

Number of Petitions Filed: 1. 

Marlene H. Dortch, 

Secretary. 

[FR Doc. E7–22523 Filed 11–15–07; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL HOUSING FINANCE BOARD 

[No. 2007–N–13] 

Submission for OMB Review; 

Comment Request 

AGENCY: Federal Housing Finance 

Board. 

ACTION: Notice. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995, the 

Federal Housing Finance Board 

(Finance Board) is submitting the 

information collection entitled ‘‘Federal 

Home Loan Bank Directors’’ to the 

Office of Management and Budget 

(OMB) for review and approval of a 

three-year extension of the OMB control 

number, 3069–0002, which is due to 

expire on November 30, 2007. 

DATES: Interested persons may submit 

written comments on or before 

December 17, 2007. 

ADDRESSES: Submit comments to the 

Office of Information and Regulatory 

Affairs of the Office of Management and 

Budget, Attention: Desk Officer for the 

Federal Housing Finance Board, 

Washington, DC 20503. 

FOR FURTHER INFORMATION OR COPIES OF

THE COLLECTION CONTACT: Patricia L. 

Sweeney, Program Analyst, Office of 

Supervision, by electronic mail at 

sweeneyp@fhfb.gov, by telephone at 

202–408–2872, or by regular mail to the 

Federal Housing Finance Board, 1625 

Eye Street, NW., Washington, DC 20006. 

SUPPLEMENTARY INFORMATION: 

A. Need for and Use of Information 

Collection 

Section 7 of the Federal Home Loan 

Bank Act (Bank Act) (12 U.S.C. 1427) 

and the Finance Board’s implementing 

regulation, codified at 12 CFR part 915, 

establish the eligibility requirements 

and the procedures for electing and 

appointing Federal Home Loan Bank 

(Bank) directors. Under part 915, the 

Banks determine the eligibility of 

elective directors and director nominees 

and run the annual director election 

process. To determine eligibility, the 

Banks use the Federal Home Loan Bank 

Elective Director Eligibility Certification 

Form, which has not changed since the 

information collection was last cleared 

in 2004. A copy of the Form is attached 

to this Notice. 

In 2007, the Finance Board published 

two rules affecting the eligibility and 

selection of appointive Bank directors. 

The first rule, published in April 2007, 

requires the boards of directors of the 

Banks to submit to the Finance Board a 

list of individuals that includes 

information regarding each individual’s 

eligibility and qualifications to serve as 

a Bank director. The Finance Board uses 

the list provided by each Bank to select 

well-qualified individuals to serve on 

the Bank’s board of directors. See 72 FR 

15600 (Apr. 2, 2007). The second rule, 

published in June 2007, clarifies the 

types of financial interests an 

appointive Bank director may maintain 

in a member of the Bank on whose 

board the director serves. See 72 FR 

33637 (June 19, 2007). As a result of 

these regulatory changes, the Finance 

Board has revised the form the Banks 

and the Finance Board use to determine 

whether prospective appointive 

directors satisfy the statutory and 

regulatory eligibility requirements and 

renamed it the Federal Home Loan Bank 

Appointive Director Application Form 

(Application Form). The revised 

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Application Form asks individuals for 

information about their background and 

qualifications to serve as an appointive 

Bank director as well as compliance 

with statutory eligibility requirements. 

It also conforms the information about 

prohibited financial interests to the new 

rule. In addition, to reduce the burden 

on incumbent appointive directors, the 

Finance Board has created a new 

Federal Home Loan Bank Appointive 

Bank Director Annual Certification 

Form (Annual Form) that allows 

individuals simply to certify that they 

continue to meet the director eligibility 

requirements. Copies of both 

Appointive Director Forms are attached 

to this Notice. 

The likely respondents include Banks, 

Bank members, and prospective and 

incumbent Bank directors. The OMB 

number for the information collection is 

3069–0002. The OMB clearance for the 

information collection expires on 

November 30, 2007. 

B. Burden Estimate 

The Finance Board estimates the total 

number of respondents is 4,351, which 

includes 12 Banks, 4,000 Bank 

members, and 339 prospective and 

incumbent Bank directors. As explained 

below, the Finance Board estimates that 

the total annual hour burden for all 

respondents is 4580.5 hours. 

1. Elections and Elective Directors 

a. Banks 

The Finance Board estimates the total 

annual hour burden for each Bank to 

conduct the election of directors and to 

process Elective Director Eligibility 

Certification Forms is 235 hours. The 

estimate for the average hour burden for 

all Banks is 2,820 hours (12 Banks × 235 

hours = 2,820 hours). 

b. Members 

The Finance Board estimates the total 

annual average hour burden for all Bank 

members to participate in the election 

process is 1,075 hours. This includes 

the time necessary to consider elective 

director candidates and to cast votes. 

The Finance Board estimates that Bank 

members will consider 300 elective 

director candidates annually for a total 

of 75 hours (300 individuals × 15 

minutes = 75 hours). The Finance Board 

estimates the total annual average hour 

burden for a Bank member to vote in the 

director election is 15 minutes for a total 

of 1,000 hours (4,000 voting members × 

15 minutes = 1,000 hours). 

c. Prospective and Incumbent Elective 

Directors 

The Finance Board estimates the total 

annual average hour burden for all 

prospective and incumbent elective 

directors is 70 hours. This includes a 

total annual average of 100 prospective 

elective directors (out of the 300 

individuals the Banks consider), with 1 

response per individual taking an 

average of 30 minutes (100 individuals 

× 30 minutes = 50 hours). It also 

includes a total annual average of 80 

incumbent elective directors, with 1 

response per individual taking an 

average of 15 minutes (80 individuals × 

15 minutes = 20 hours). 

2. Appointive Directors 

a. Banks 

The Finance Board estimates the total 

annual average hour burden for each 

Bank to recruit, review, and recommend 

individuals to be appointed as Bank 

directors is 28 hours. In a typical year, 

no Bank should have more than three 

vacant appointive directorships. The 

estimate for the average hour burden for 

all Banks is 336 hours (12 Banks × 28 

hours = 336 hours). 

b. Prospective and Incumbent 

Appointive Directors 

The Finance Board estimates the total 

annual average hour burden for all 

prospective and incumbent appointive 

directors is 279.5 hours. This includes 

a total annual average of 84 prospective 

appointive directors with 1 response per 

individual taking an average of 3 hours 

(84 individuals × 3 hours = 252 hours). 

It also includes a total annual average of 

55 incumbent appointive directors, with 

1 response per individual taking an 

average of 30 minutes (55 individuals × 

30 minutes = 27.5 hours). 

C. Comment Request 

In accordance with the requirements 

of 5 CFR 1320.8(d), the Finance Board 

published a request for public 

comments regarding this information 

collection in the Federal Register on 

August 8, 2007. See 72 FR 44540 (Aug. 

8, 2007). The 60-day comment period 

closed on October 9, 2007. 

The Finance Board received two 

public comments, one from a trade 

association that represents community 

banks and one from a Bank. The trade 

association supported the use of the 

new and revised Appointive Director 

Forms, believing that the Application 

Form will elicit valuable information 

about applicant’s skills and the Annual 

Form will reduce the reporting burden 

on incumbent directors. 

The Bank suggested several changes, 

which the Finance Board has adopted, 

to the Appointive Director Forms to 

clarify the information an individual 

must provide. The Finance Board has 

clarified the instructions on the Annual 

Form to make clear that prohibited 

relationships between a director and a 

Bank or any member of the director’s 

Bank, also apply to such relationships 

with the director’s spouse or minor 

children. See 12 CFR 915.10(e)(6). On 

the Application Form, the Finance 

Board has made clear that an appointive 

director may not serve as an officer of 

any Bank and that the provisions on a 

director’s contractual rights to the 

payment of money apply also to the 

director’s spouse. See 12 U.S.C. 1427(a); 

12 CFR 915.10(e)(6). The Finance Board 

also deleted the reference to interests 

held through a trust or other similar 

arrangement from the definition of 

‘‘indirect’’ since this type of financial 

interest does not disqualify an 

individual from being appointed as a 

Bank director. 

The Finance Board requests written 

comments on the following: (1) Whether 

the collection of information is 

necessary for the proper performance of 

Finance Board functions, including 

whether the information has practical 

utility; (2) the accuracy of the Finance 

Board’s estimates of the burdens of the 

collection of information; (3) ways to 

enhance the quality, utility, and clarity 

of the information collected; and (4) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology. 

Comments should be submitted to OMB 

in writing at the address listed above. 

Dated: November 9, 2007. 

By the Federal Housing Finance Board. 

Neil R. Crowley, 

Acting General Counsel. 

BILLING CODE 6725–01–P 

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Federal Register / Vol. 72, No. 221 / Friday, November 16, 2007 / Notices 64645 

1 The information collections associated with the 

following rulemakings: Fair Credit Reporting 

Affiliate Marketing Regulations (Docket No R1203) 

and Identity Theft Red Flags and Address 

Discrepancies under the Fair and Accurate Credit 

Transactions Act of 2003 (Docket No R1255), will 

be assigned OMB No. 7100–0308. 

2 Under section 217, the term ‘‘financial 

institution’’ is defined broadly to have the same 

meaning as in the privacy provisions of the 

Gramm–Leach–Bliley Act of 1999 (GLB Act), which 

defines financial institution to mean ‘‘any 

institution the business of which is engaging in 

financial activities as described in section 4(k) of 

the Bank Holding Company Act of 1956,’’ whether 

or not affiliated with a bank. 15 U.S.C. 6809(3). 

[FR Doc. 07–5715 Filed 11–15–07; 8:45 am] 

BILLING CODE 6725–01–C 

FEDERAL RESERVE SYSTEM 

Agency Information Ccollection 

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 

report: 

Report title: Disclosure Requirements 

Associated with Regulation V 

Agency form number: Reg V 

OMB control number: 7100–03081

Frequency: On occasion 

Reporters: Financial institutions2

Annual reporting hours: 7,500 hours 

Estimated average hours per response: 

.25 hours 

Number of respondents: 30,000 

General description of report: This 

information collection is mandatory (15 

U.S.C. § 1681s–2(a)(7)). Because the 

records are maintained at state member 

banks and the notices are not provided 

to the Federal Reserve, no issue of 

confidentiality arises under the 

Freedom of Information Act. 

Abstract: Financial institutions that 

(1) extend credit and regularly and in 

the ordinary course of business furnish 

information to a nationwide consumer 

reporting agency, and (2) furnish 

negative information to such an agency 

regarding credit extended to a customer 

must provide a clear and conspicuous 

notice to the customer, in writing, about 

furnishing this negative information. 

Current Actions: On September 6, 

2007, the Federal Reserve published a 

notice in the Federal Register (72 FR 

51228) requesting public comment for 

sixty days on the extension, without 

revision, of these disclosure 

requirements; the comment period 

expired on November 5, 2007. The 

Federal Reserve did not receive any 

comments. 

Board of Governors of the Federal Reserve 

System, November 13, 2007. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. E7–22454 Filed 11–15–07; 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 

Webs ite 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 December 10, 

2007. 

A. Federal Reserve Bank of New 

York (Anne MacEwen, Bank 

Applications Officer) 33 Liberty Street, 

New York, New York 10045–0001: 

1. BNP Paribas, Paris, France; to 

acquire up to 9.9 percent of the voting 

shares of Shinhan Financial Group Co., 

Ltd., Seoul, Korea, and thereby 

indirectly acquire Shinhan Bank 

America, New York, New York. 

A. Federal Reserve Bank of Chicago 

(Burl Thornton, Assistant Vice 

President) 230 South LaSalle Street, 

Chicago, Illinois 60690–1414: 

1. ISB Financial Corp., Iowa City, 

Iowa, to merge with MidWestOne 

Financial Group, Inc. and thereby 

indirectly acquire MidWestOne Bank, 

both of Oskaloosa, Iowa. 

Board of Governors of the Federal Reserve 

System, November 9, 2007. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. E7–22341 Filed 11–15–07; 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 

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