Reg M IFR

Federal Register / Vol. 73, No. 135 / Monday, July 14, 2008 / Notices
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
SUMMARY:
AGENCY:

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. 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.

pwalker on PROD1PC71 with NOTICES

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,

VerDate Aug<31>2005

17:08 Jul 11, 2008

Jkt 214001

including through the use of automated
collection techniques or other forms of
information technology.
DATES: Comments must be submitted on
or before September 12, 2008.
ADDRESSES: You may submit comments,
identified by Regulation M, 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

PO 00000

Frm 00067

Fmt 4703

Sfmt 4703

40349

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
Report title: The Recordkeeping and
Disclosure Requirements in Connection
with Regulation M (Consumer Leasing).
Agency form number: Reg M.
OMB control number: 7100–0202.
Frequency: On occasion.
Reporters: Consumer lessors.
Annual reporting hours: Disclosures,
533 hours; and advertising, 40 hours.
Estimated average hours per response:
Disclosures, 6.5 minutes; and
advertising, 25 minutes.
Number of respondents: 24.
General description of report: This
information collection is mandatory
(sections 105(a) and 187 of TILA (15
U.S.C. 1604(a) and 1667f)) and is not
given confidential treatment.
Abstract: The Consumer Leasing Act
and Regulation M are intended to
provide consumers with meaningful
disclosures about the costs and terms of
leases for personal property. The
disclosures enable consumers to
compare the terms for a particular lease
with those for other leases and, when
appropriate, to compare lease terms
with those for credit transactions. The
act and regulation also contain rules
about advertising consumer leases and
limit the size of balloon payments in
consumer lease transactions.
The information collection pursuant
to Regulation M is triggered by specific
events. All disclosures must be
provided to the lessee prior to the
consummation of the lease and when
the availability of consumer leases on
particular terms is advertised.
Board of Governors of the Federal Reserve
System, July 9, 2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8–15900 Filed 7–11–08; 8:45 am]
BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisition of Shares of Bank or Bank
Holding Companies
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire a bank or bank
holding company. The factors that are
considered in acting on the notices are

E:\FR\FM\14JYN1.SGM

14JYN1