60-day Federal Register Notice

24852

Federal Register / Vol. 74, No. 99 / Tuesday, May 26, 2009 / Notices

Dated: May 18, 2009.
W. R. Diamond,
Director, Field and External Affairs Division
[FR Doc. E9–12141 Filed 5–22–09; 8:45 am]
BILLING CODE 6560–50–S

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewals; Comment Request
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
SUMMARY: The FDIC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on continuing information
collections, as required by the
Paperwork Reduction Act of 1995 (44
U.S.C. chapter 35). Currently, the FDIC
is soliciting comments on renewal of
five information collections described
below.
DATES: Comments must be submitted on
or before July 27, 2009.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• http://www.FDIC.gov/regulations/
laws/federal/notices.html.
• E-mail: comments@fdic.gov.
Include the name of the collection in the
subject line of the message.
• Mail: Leneta G. Gregorie (202–898–
3719), Counsel, Room F–1064, 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 17th Street Building
(located on F Street), on business days
between 7 a.m. and 5 p.m.
All comments should refer to the
relevant OMB control number. 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:
Leneta Gregorie, at the FDIC address
above.

Proposal
to renew the following currently
approved collections of information:
1. Title: Application Pursuant to
Section 19 of the Federal Deposit
Insurance Act.
OMB Number: 3064–0018.
SUPPLEMENTARY INFORMATION:

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Form Number: FDIC 6710/07.
Frequency of Response: On occasion.
Affected Public: Insured depository
institutions.
Estimated Number of Respondents:
14.
Estimated Time per Response: 16
hours.
Total Annual Burden: 224 hours.
General Description of Collection:
Section 19 of the Federal Deposit
Insurance Act (FDI), 12 U.S.C. 1829,
requires the FDIC’s consent prior to any
participation in the affairs of an insured
depository institution by a person who
has been convicted of crimes involving
dishonesty or breach of trust. To obtain
that consent, an insured depository
institution must submit an application
to the FDIC for approval on Form FDIC
6710/07.
2. Title: Procedures for Monitoring
Bank Protection Act Compliance.
OMB Number: 3064–0095.
Form Numbers: None.
Frequency of Response: On occasion.
Affected Public: Insured state
nonmember banks.
Estimated Number of Respondents:
5,110.
Estimated Time per Response: 0.5
hours.
Total Annual Burden: 2,555 hours.
General Description of Collection: The
Bank Protection Act of 1968 (12 U.S.C.
1881–1884) requires each Federal
supervisory agency to promulgate rules
establishing minimum standards for
security devices and procedures to
discourage financial crime and to assist
in the identification of persons who
commit such crimes. To avoid the
necessity of constantly updating a
technology-based regulation, the FDIC
takes a flexible approach to
implementing this statute. It requires
each insured nonmember bank to
designate a security officer who will
administer a written security program.
The security program shall: (1) Establish
procedures for opening and closing for
business and for safekeeping valuables;
(2) establish procedures that will assist
in identifying persons committing
crimes against the bank; (3) provide for
initial and periodic training of
employees in their responsibilities
under the security program; and (4)
provide for selecting, testing, operating
and maintaining security devices as
prescribed in the regulation. In addition,
the FDIC requires the security officer to
report at least annually to the bank’s
board of directors on the effectiveness of
the security program.
3. Title: Activities and Investments of
Insured State Banks.
OMB Number: 3064–0111.
Form Numbers: None.

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Frequency of Response: On occasion.
Affected Public: Insured state
nonmember banks.
Estimated Number of Respondents:
20.
Estimated Time per Response: 8
hours.
Total Annual Burden: 160 hours.
General Description of Collection:
With certain exceptions, section 24 of
the FDI Act (12 U.S.C. 1831a) limits the
direct equity investments of state
chartered banks to equity investments
that are permissible for national banks.
In addition, the statute prohibits an
insured state bank from directly
engaging as principal in any activity
that is not permissible for a national
bank or indirectly through a subsidiary
in an activity that is not permissible for
a subsidiary of a national bank unless
the bank meets its minimum capital
requirements and the FDIC determines
that the activity does not pose
significant risk to the Deposit Insurance
Fund. The FDIC can make such a
determination for exception by
regulation or by order. The FDIC’s
implementing regulation for section 24
is 12 CFR part 362. It details the
activities that insured state nonmember
banks or their subsidiaries may engage
in, under certain criteria and conditions,
and identifies the information that
banks must furnish to the FDIC in order
to obtain the FDIC’s approval or nonobjection.
4. Title: Mutual-to-Stock Conversions
of State Savings Banks.
OMB Number: 3064–0117.
Form Numbers: None.
Frequency of Response: On occasion.
Affected Public: Insured State
chartered savings banks that are not
members of the Federal Reserve System
proposing to convert from mutual to
stock form of ownership.
Estimated Number of Respondents:
10.
Estimated Time per Response: 50
hours.
Total Annual Burden: 500 hours.
General Description of Collection:
Sections 303.161 and 333.4 of Title 12
of the Code of Federal Regulations
require State savings banks that are not
members of the Federal Reserve System
to file with the FDIC a notice of intent
to convert to stock form and to provide
copies of documents filed with State
and Federal banking and/or securities
regulators in connection with the
proposed conversion.
5. Title: Privacy of Consumer
Financial Information.
OMB Number: 3064–0136.
Form Numbers: None.
Frequency of Response: On occasion.
Affected Public: Insured State
nonmember banks.

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Federal Register / Vol. 74, No. 99 / Tuesday, May 26, 2009 / Notices
Estimated Number of Respondents:
Initial notice, 208; annual notice and
change in terms 5,138; opt-out notice,
873.
Estimated Average Time per
Response: Initial notice, 80 hours;
annual notice and change in terms, 8
hours; opt-out notice, 8 hours.
Estimated Number of Responses:
328,600.
Total Annual Burden: 64,728 hours.
General Description of Collection: The
elements of this collection are required
under section 504 of the Gramm-LeachBliley Act, Public Law l06–102. The
collection mandates notice requirements
and restrictions on a financial
institution’s ability to disclose
nonpublic personal information about
consumers to nonaffiliated third parties.
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; and (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.
All comments will become a matter of
public record.
Dated at Washington, DC, this 19th day of
May, 2009.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E9–12043 Filed 5–22–09; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice of information
collections to be submitted to OMB for
review and approval under the
Paperwork reduction Act of 1995.
AGENCY:

SUMMARY: In accordance with
requirements of the Paperwork
reduction Act of 1995 (44 U.S.C. chapter
35), the FDIC hereby gives notice that it
plans to submit to the Office of
Management and Budget (OMB) a

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request for OMB review and renewal of
the collections of information described
below:
DATES: Comments must be submitted on
or before June 25, 2009.
ADDRESSES: Interested parties are
invited to submit written comments to
FDIC by any of the following methods.
All comments should refer to the name
of the collection as well as the OMB
control number(s):
• Web site: http://www.FDIC.gov/
regulations/laws/federal/notices.html.
• E-mail: Comments@FDIC.gov.
Include the name of the collection in the
subject line of the message.
• Mail: Herbert J. Messite, Counsel,
202.898.6834, 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.
Public Inspection: All comments
received will be posted without change
to http://www.fdic.gov/regulations/laws/
federal/propose.html including any
personal information provided.
Comments may be inspected at the FDIC
Public Information Center, Room E–
1002, 3501 Fairfax Drive, Arlington, VA
22226, between 9 a.m. and 5 p.m. on
business days.
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,
Room 10235, 727 17th Street, NW.,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Herbert J. Messite at the address
identified above.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currently
approved collections of information:
1. Title: Recordkeeping and
Confirmation Requirements for
Securities Transactions.
OMB Number: 3064–0028.
Frequency of Response: On occasion.
Affected Public: Business or other
financial institutions.
Estimated Number of Respondents:
4470.
Estimated Time per Response: 27.91
hours.
Total Annual Burden: 124,758 hours.
General Description of Collection: The
information collection requirements are
contained in 12 CFR part 344. The
regulation’s purpose is to ensure that
purchasers of securities in transactions
affected by insured state nonmember
banks are provided with adequate
records concerning the transactions. The

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regulation is also designed to ensure
that insured State nonmember banks
maintain adequate records and controls
with respect to the securities
transactions they effect.
2. Title: Certification of Compliance
with Mandatory Bars to Employment.
OMB Number: 3064–0121.
Form Number: FDIC 7300/06.
Frequency of Response: On occasion.
Affected Public: Business or other
financial institutions.
Estimated Number of Respondents:
600.
Estimated Time per Response: 10
minutes.
Total Annual Burden: 99.96 hours.
General Description of Collection:
Prior to an offer of employment, job
applicants to the FDIC must sign a
certification that they have not been
convicted of a felony or been in other
circumstances that prohibit person from
becoming employed by or providing
services to FDIC.
Request for Comment
Comments are invited on: (a) Whether
the collections of information are
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 collections,
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 the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
All comments will become a matter of
public record.
Dated at Washington, DC, this 19th day of
May, 2009.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E9–12045 Filed 5–22–09; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in
Permissible Nonbanking Activities or
to Acquire Companies that are
Engaged in Permissible Nonbanking
Activities
The companies listed in this notice
have given notice under section 4 of the
Bank Holding Company Act (12 U.S.C.
1843) (BHC Act) and Regulation Y (12
CFR Part 225) to engage de novo, or to
acquire or control voting securities or

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