Federal Register / Vol. 73, No. 162 / Wednesday, August 20, 2008 / Notices 49205 

• FR 2056: (12 U.S.C. 287, 248(a) and 

(i)); 

• FR 2086: (12 U.S.C. 287, 248(a) and 

(i)); 

• FR 2086a: (12 U.S.C. 321, 287, and 

248(a)); and 

• FR 2087: (12 U.S.C. 288 and 248 (a) 

and (i)). 

Most individual respondent data are 

not considered confidential. Applicants 

may, however, request that parts of their 

membership applications be kept 

confidential, but in such cases the 

Applicant must justify its request by 

demonstrating how an exemption under 

the FOIA is satisfied. The 

confidentiality status of the information 

submitted will be judged on a case-bycase basis. 

Abstract: These application forms are 

required by the Federal Reserve Act and 

Regulation I. These forms must be used 

by a new or existing member bank 

(including a national bank) to request 

the issuance, and adjustment in, or 

cancellation of Federal Reserve Bank 

stock. The forms must contain certain 

certifications by the applicants, as well 

as certain other financial and 

shareholder data that is needed by the 

Federal Reserve to process the request. 

Current actions: On June 3, 2008, the 

Federal Reserve published a notice in 

the Federal Register (73 FR 31684) 

requesting public comment for 60 days 

on the extension, with revision, of the 

applications. The comment period for 

this notice expired on August 4, 2008. 

The Federal Reserve did not receive any 

comments. 

The Federal Reserve proposed to add 

additional signature lines the FR 2030, 

2030a, 2056, and 2086a that were 

intended to facilitate the processing of 

each application form by the 

appropriate Reserve Bank. However, 

after further review the Federal Reserve 

decided to remove from consideration 

the proposed additional signature lines 

because it could create greater confusion 

for the banks while adding little benefit 

to the Federal Reserve. 

3. Report title: Report of Changes in 

Organizational Structure, Supplement to 

the Report of Changes in Organizational 

Structure, Annual Report of Bank 

Holding Companies, Annual Report of 

Foreign Banking Organizations. 

Agency form numbers: FR Y–10, FR 

Y–10E, FR Y–6, and FR Y–7. 

OMB control number: 7100–0297. 

Frequency: Event-generated, annual. 

Reporters: Bank holding companies 

(BHCs), foreign banking organizations 

(FBOs), member banks, Edge and 

agreement corporations. 

Annual reporting hours: FR Y–10, 

26,712 hours; FR Y–10E, 1,384 hours; 

FR Y–6, 27,069 hours; and FR Y–7, 900 

hours. 

Estimated average hours per response: 

FR Y–10, 1.00 to 1.25 hours; FR Y–10E, 

0.50 hours; FR Y–6, 5.25 hours; and FR 

Y–7, 3.50 hours. 

Number of respondents: FR Y–10, 

5,952; FR Y–10E, 2,768; FR Y–6, 5,156; 

and FR Y–7, 257. 

General description of report: These 

information collections are mandatory 

under the Federal Reserve Act, the BHC 

Act, and the International Banking Act 

(12 U.S.C. 248 (a)(1), 321, 601, 602, 

611a, 615, 625, 1843(k), 1844(c)(1)(A), 

3106(a), and 3108(a)), and Regulations K 

and Y (12 CFR 211.13(c), 225.5(b), and 

225.87). Individual respondent data are 

not considered confidential. However, 

respondents may request confidential 

treatment for any information that they 

believe is subject to an exemption from 

disclosure under the FOIA, 5 U.S.C. 

552(b). 

Abstract: The FR Y–10 is an eventgenerated information collection 

submitted by FBOs; top-tier BHCs; state 

member banks unaffiliated with a BHC; 

Edge and agreement corporations that 

are not controlled by a member bank, a 

domestic BHC, or a FBO; and nationally 

chartered banks that are not controlled 

by a BHC (with regard to their foreign 

investments only), 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 banking and 

nonbanking activities. The FR Y–10E is 

a free-form supplement that may be 

used to collect additional structural 

information deemed to be critical and 

needed in an expedited manner. 

The FR Y–6 is an annual information 

collection submitted by top-tier BHCs 

and nonqualifying FBOs. It collects 

financial data, an organization chart, 

verification of domestic branch data, 

and information about shareholders. 

The Federal Reserve uses the data to 

monitor holding company operations 

and determine holding company 

compliance with the provisions of the 

BHC Act and Regulation Y (12 CFR 

225). 

The FR Y–7 is an annual information 

collection submitted by qualifying FBOs 

to update their financial and 

organizational information with the 

Federal Reserve. The Federal Reserve 

uses information to assess an FBO’s 

ability to be a continuing source of 

strength to its U.S. operations and to 

determine compliance with U.S. laws 

and regulations. 

Current Actions: On June 3, 2008, the 

Federal Reserve published a notice in 

the Federal Register (73 FR 31684) 

requesting public comment for 60 days 

on the extension, with revision, of these 

information collections. The comment 

period for this notice expired on August 

4, 2008. The Federal Reserve did not 

receive any comments. The revisions 

will be implemented as proposed. 

Board of Governors of the Federal Reserve 

System, August 14, 2008. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. E8–19188 Filed 8–19–08; 8:45 am] 

BILLING CODE 6210–01–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 

(PRA), 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. Boardapproved 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 


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49206 Federal Register / Vol. 73, No. 162 / Wednesday, August 20, 2008 / Notices 

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 October 20, 2008. 

ADDRESSES: You may submit comments, 

identified by Reg H–2 or Reg BB, 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 http:// 

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 form 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. 

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: A 

copy of the PRA OMB submission 

including the proposed reporting form 

and instructions, supporting statement, 

and other documentation will be placed 

into OMB’s public docket files, once 

approved. These documents will also be 

made available on the Federal Reserve 

Board’s public Web site at: http:// 

www.federalreserve.gov/boarddocs/ 

reportforms/review.cfm or 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: Recordkeeping and 

Disclosure Requirements Associated 

with Loans Secured by Real Estate 

Located in Flood Hazard Areas Pursuant 

to Section 208.25 of Regulation H. 

Agency form number: Reg H–2. 

OMB control number: 7100–0280. 

Frequency: Event-generated. 

Reporters: State member banks. 

Annual reporting hours: 43,298 hours. 

Estimated average time per response: 

Notice of special flood hazards to 

borrowers and servicers, 5 minutes; 

notice to the Federal Emergency 

Management Agency (FEMA) of 

servicer, 5 minutes; notice to FEMA of 

change of servicer, 5 minutes; and 

retention of standard FEMA form, 2.5 

minutes. 

Number of respondents: 874. 

General description of report: This 

information collection is mandatory 

pursuant to Section 12 of the Flood 

Disaster Protection Act of 1973, as 

amended (42 U.S.C. 4012a) and section 

1364 of the National Flood Insurance 

Act of 1968, as amended (42 U.S.C. 

4104a). Because the Federal Reserve 

does not collect any information, no 

issue of confidentiality would normally 

arise. However, should the records 

required by the Reg H requirements 

come into possession of the Board 

during an examination of a state 

member bank, those records would be 

protected from disclosure by exemption 

8 of the Freedom of Information Act 

(FOIA). (5 U.S.C. 552(b)(8)). 

Additionally, depending on the content 

of the records, the information could 

also potentially be protected from 

disclosure by FOIA exemptions 4 and 6. 

(5 U.S.C. 552(b)(4) & (6)). 

Abstract: Regulation H requires state 

member banks to notify a borrower and 

servicer when loans secured by real 

estate are determined to be in a special 

flood hazard area and notify them 

whether flood insurance is available; 

notify FEMA of the identity of, and any 

change of, the servicer of a loan secured 

by real estate in a special flood hazard 

area; and retain a completed copy of the 

Standard Flood Hazard Determination 

Form used to determine whether 

property securing a loan is in a special 

flood hazard area. 

2. Report title: Recordkeeping, 

Reporting, and Disclosure Requirements 

in Connection with Regulation BB 

(Community Reinvestment Act). 

Agency form number: Reg BB. 

OMB control number: 7100–0197. 

Frequency: Annually. 

Reporters: State member banks. 

Annual reporting hours: 61,545 hours. 

Estimated average hours per response: 

Recordkeeping Requirement, small 

business and small farm loan register, 

219 hours. Optional Recordkeeping 

Requirements, consumer loan data, 326 

hours; and other loan data, 25 hours. 

Reporting Requirements, assessment 

area delineation, 2 hours; small business 

and small farm loan data, 8 hours; 

community development loan data, 13 

hours; and HMDA out of MSA loan 

data, 253 hours. Optional Reporting 

Requirements, data on lending by a 

consortium or third party, 17 hours; 

affiliate lending data, 38 hours; strategic 

plan, 275 hours; and request for 

designation as a wholesale or limited 

purpose bank, 4 hours. Disclosure 

Requirement, public file, 10 hours. 

Number of respondents: 874. 

General description of report: This 

information collection is authorized 

pursuant to Section 806 of the 

Community Reinvestment Act (CRA) 

which permits the Board to issue 

regulations to carry out the purpose of 

CRA (12 U.S.C. 2905), Section 11 of the 

Federal Reserve Act (FRA) which 

permits the Board to require such 

statements as reports of state member 

banks as it deems necessary (12 U.S.C. 

248(a)(1)), and section 9 of the FRA 

which permits the Board to examine 

state member banks (12 U.S.C. 325); the 

requirements are mandatory, depending 

on bank size and other factors. 

Generally, the data that are reported to 

the Federal Reserve are not considered 

confidential. 

Abstract: This submission covers an 

extension of the Federal Reserve’s 

currently approved information 

collections in their CRA regulations (12 

CFR part 228). The submission involves 

no change to the regulation or to the 

information collection. The Federal 

Reserve System needs the information 

collected to fulfill their obligations 

under the CRA (12 U.S.C. 2901 et seq.) 

to evaluate and assign ratings to the 

performance of institutions, in 

connection with helping to meet the 


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Federal Register / Vol. 73, No. 162 / Wednesday, August 20, 2008 / Notices 49207 

1 The comment must be accompanied by an 

explicit request for confidential treatment, 

including the factual and legal basis for the request, 

and must identify the specific portions of the 

comment to be withheld from the public record. 

The request will be granted or denied by the 

Commission’s General Counsel, consistent with 

applicable law and the public interest. See 

Commission Rule 4.9(c), 16 CFR 4.9(c). 

credit needs of their communities, 

including low- and moderate-income 

neighborhoods, consistent with safe and 

sound banking practices. The Federal 

Reserve System uses the information in 

the examination process and in 

evaluating applications for mergers, 

branches, and certain other corporate 

activities. Financial institutions 

maintain and provide the information to 

the Federal Reserve System. 

Board of Governors of the Federal Reserve 

System, August 14, 2008. 

Robert deV. Frieson, 

Deputy Secretary of the Board. 

[FR Doc. E8–19189 Filed 8–19–08; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

[File No. 071 0193] 

Sun Pharmaceutical Industries Ltd.; 

Analysis of Agreement Containing 

Consent Orders to Aid Public 

Comment 

AGENCY: Federal Trade Commission. 

ACTION: Proposed Consent Agreement. 

SUMMARY: The consent agreement in this 

matter settles alleged violations of 

federal law prohibiting unfair or 

deceptive acts or practices or unfair 

methods of competition. The attached 

Analysis to Aid Public Comment 

describes both the allegations in the 

draft complaint and the terms of the 

consent order—embodied in the consent 

agreement—that would settle these 

allegations. 

DATES: Comments must be received on 

or before September 11, 2008. 

ADDRESSES: Interested parties are 

invited to submit written comments. 

Comments should refer to ‘‘Sun 

Pharmaceutical, File No. 071 0193,’’ to 

facilitate the organization of comments. 

A comment filed in paper form should 

include this reference both in the text 

and on the envelope, and should be 

mailed or delivered to the following 

address: Federal Trade Commission/ 

Office of the Secretary, Room 135-H, 

600 Pennsylvania Avenue, N.W., 

Washington, D.C. 20580. Comments 

containing confidential material must be 

filed in paper form, must be clearly 

labeled ‘‘Confidential,’’ and must 

comply with Commission Rule 4.9(c). 

16 CFR 4.9(c) (2005).1 Comments should 

not include any sensitive personal 

information, such as an individual’s 

Social Security Number; date of birth; 

driver’s license number or other state 

identification number or foreign country 

equivalent; passport number; financial 

account number; or credit or debit card 

number. Comments also should not 

include any sensitive health 

information, such as medical records 

and other individually identifiable 

health information. The FTC is 

requesting that any comment filed in 

paper form be sent by courier or 

overnight service, if possible, because 

U.S. postal mail in the Washington area 

and at the Commission is subject to 

delay due to heightened security 

precautions. Comments that do not 

contain any nonpublic information may 

instead be filed in electronic form by 

following the instructions on the webbased form at (http:// 

secure.commentworks.com/ftcSunPharmaceutical). To ensure that the 

Commission considers an electronic 

comment, you must file it on that webbased form. 

The FTC Act and other laws the 

Commission administers permit the 

collection of public comments to 

consider and use in this proceeding as 

appropriate. All timely and responsive 

public comments, whether filed in 

paper or electronic form, will be 

considered by the Commission, and will 

be available to the public on the FTC 

website, to the extent practicable, at 

www.ftc.gov. As a matter of discretion, 

the FTC makes every effort to remove 

home contact information for 

individuals from the public comments it 

receives before placing those comments 

on the FTC website. More information, 

including routine uses permitted by the 

Privacy Act, may be found in the FTC’s 

privacy policy, at (http://www.ftc.gov/ 

ftc/privacy.htm). 

FOR FURTHER INFORMATION CONTACT: 

David L. Inglefield, Bureau of 

Competition, 600 Pennsylvania Avenue, 

NW, Washington, D.C. 20580, (202) 326- 

2637. 

SUPPLEMENTARY INFORMATION: Pursuant 

to section 6(f) of the Federal Trade 

Commission Act, 38 Stat. 721, 15 U.S.C. 

46(f), and § 2.34 of the Commission 

Rules of Practice, 16 CFR 2.34, notice is 

hereby given that the above-captioned 

consent agreement containing a consent 

order to cease and desist, having been 

filed with and accepted, subject to final 

approval, by the Commission, has been 

placed on the public record for a period 

of thirty (30) days. The following 

Analysis to Aid Public Comment 

describes the terms of the consent 

agreement, and the allegations in the 

complaint. An electronic copy of the 

full text of the consent agreement 

package can be obtained from the FTC 

Home Page (for August 13, 2008), on the 

World Wide Web, at (http:// 

www.ftc.gov/os/2008/08/index.htm). A 

paper copy can be obtained from the 

FTC Public Reference Room, Room 130- 

H, 600 Pennsylvania Avenue, NW, 

Washington, D.C. 20580, either in 

person or by calling (202) 326-2222. 

Public comments are invited, and may 

be filed with the Commission in either 

paper or electronic form. All comments 

should be filed as prescribed in the 

ADDRESSES section above, and must be 

received on or before the date specified 

in the DATES section. 

Analysis of Agreement Containing 

Consent Order to Aid Public Comment 

The Federal Trade Commission 

(‘‘Commission’’) has accepted, subject to 

final approval, an Agreement 

Containing Consent Orders (‘‘Consent 

Agreement’’) from Sun Pharmaceutical 

Industries Ltd. (‘‘Sun’’) which is 

designed to remedy the anticompetitive 

effects of the acquisition of Taro 

Pharmaceutical Industries Ltd. (‘‘Taro’’) 

by Sun. Under the terms of the proposed 

Consent Agreement, Sun is required to 

divest all of Sun’s rights and assets 

necessary to manufacture and market: 

(1) generic immediate-release 

carbamazepine tablets; (2) generic 

chewable carbamazepine tablets; and (3) 

generic extended-release carbamazepine 

tablets to Torrent Pharmaceuticals Ltd. 

(‘‘Torrent’’). 

The proposed Consent Agreement has 

been placed on the public record for 

thirty (30) days for receipt of comments 

by interested persons. Comments 

received during this period will become 

part of the public record. After thirty 

(30) days, the Commission will again 

review the proposed Consent Agreement 

and the comments received, and will 

decide whether it should withdraw from 

the proposed Consent Agreement, 

modify it, or make final the Decision 

and Order (‘‘Order’’). 

Pursuant to an Agreement of Merger 

executed on May 18, 2007, Sun 

proposed to acquire all of the issued and 

outstanding shares of Taro in a 

transaction then valued at 

approximately $454 million. In the 

event that agreement has been properly 

terminated, as Taro claims, Sun intends 

to acquire controlling interest in Taro 

via an Option Agreement executed at 

the time of the merger agreement and/ 

or via a tender offer. The Commission’s 

Complaint alleges that the proposed 


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