60-day Federal Register Notice

Federal Register / Vol. 77, No. 146 / Monday, July 30, 2012 / Notices
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewals; Comment Request;
Activities and Investments of Insured
State Banks; Privacy of Consumer
Financial Information
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

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 renewal of existing
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 the information collections described
below.
DATES: Comments must be submitted on
or before September 28, 2012.
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.
• Email: 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 NYA–5050,
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.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently approved collection of
information:
1. Title: Activities and Investments of
Insured State Banks.
OMB Number: 3064–0111.
Form Numbers: None.
Frequency of Response: On occasion.
Affected Public: Insured state
nonmember banks.

mstockstill on DSK4VPTVN1PROD with NOTICES

SUMMARY:

VerDate Mar<15>2010

17:34 Jul 27, 2012

Jkt 226001

Estimated Number of Respondents:
110.
Estimated Time per Response: 8
hours.
Total Annual Burden: 880 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.
2. Title: Privacy of Consumer
Financial Information.
OMB Number: 3064–0136.
Form Numbers: None.
Frequency of Response: On occasion.
Affected Public: Insured state
nonmember banks, state savings & loan
institutions, and consumers.
Estimated Number of Respondents:
Initial notice, 208; annual notice and
change in terms 5,156; opt-out notice,
866; consumer opt-out/status update,
212,432.
Estimated Average Time per
Response: Initial notice, 80 hours;
annual notice and change in terms, 8
hours; opt-out notice, 8 hours; consumer
opt-out/status update, 30 minutes.
Estimated Number of Responses:
218,662.
Total Annual Burden: 171,032 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.
The collection also identifies affirmative
actions that consumers must take to
exercise their right to prevent banks
from sharing their information with
nonaffiliated parties.

PO 00000

Frm 00039

Fmt 4703

Sfmt 4703

44617

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 25th day of
July 2012.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2012–18473 Filed 7–27–12; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL ELECTION COMMISSION
Sunshine Act Notice
Federal Election Commission.
& TIME: Thursday, August 2, 2012
at 10:00 a.m.
PLACE: 999 E Street NW., Washington,
DC (Ninth Floor).
STATUS: This meeting will be open to the
public.
AGENCY:
DATE

Items To Be Discussed
Correction and Approval of the
Minutes for the Meeting of June 21,
2012.
Draft Advisory Opinion 2012–22:
skimmerhat.
Draft Advisory Opinion 2012–23:
Snake River Sugar Company, NyssaNampa Sugarbeet Growers Association,
Inc., Elwyhee Sugarbeet Growers
Association, Inc., Upper Snake River
Valley Sugarbeet Growers Association,
Inc., Minidoka County Sugarbeet
Growers Association, Inc., Cassia
County Sugarbeet Growers Association,
Inc., Twin Falls County Sugarbeet
Growers Association, Inc., and
Northside Sugarbeet Growers
Association, Inc.
Draft Advisory Opinion 2012–24:
Dean Peterson.
Draft Advisory Opinion 2012–26:
m-Qube, Inc., ArmourMedia, Inc. and
Cooper for Congress Committee.
Management and Administrative
Matters.
Individuals who plan to attend and
require special assistance, such as sign

E:\FR\FM\30JYN1.SGM

30JYN1