[Federal Register: January 22, 2003 (Volume 68, Number 14)]
[Notices]
[Page 3027-3028]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22ja03-57]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Proposed Collection;
Comment Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice.
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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, 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 OMB 83-Is and 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
[[Page 3028]]
on or after October 1, 1995, unless it displays a currently valid OMB
control number.
Request for comment on information collection proposal.
The following information collection, which is being handled under
this delegated authority, has received initial Board approval and is
hereby published for comment. At the end of the comment period, the
proposed information collection, 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, including through the use of automated collection
techniques or other forms of information technology.
DATES: Comments must be submitted on or before March 24, 2003.
ADDRESSES: Comments may be mailed to Ms. Jennifer J. Johnson,
Secretary, Board of Governors of the Federal Reserve System, 20th
Street and Constitution Avenue, NW., Washington, DC 20551. However,
because paper mail in the Washington area and at the Board of Governors
is subject to delay, please consider submitting your comments by e-mail
to regs.comments@federalreserve.gov, or faxing them to the Office of
the Secretary at 202-452-3819 or 202-452-3102. Comments addressed to
Ms. Johnson may also be delivered to the Board's mail facility in the
West Courtyard between 8:45 a.m. and 5:15 p.m., located on 21st Street
between Constitution Avenue and C Street, N.W. Members of the public
may inspect comments in Room MP-500 between 9 a.m. and 5 p.m. on
weekdays pursuant to 261.12, except as provided in 261.14, of the
Board's Rules Regarding Availability of Information, 12 CFR 261.12 and
261.14.
A copy of the comments may also be submitted to the OMB desk
officer for the Board: Joseph Lackey, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 10235, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and
instructions, the Paperwork Reduction Act Submission (OMB 83-I),
supporting statement, and other documents that will be placed into
OMB's public docket files once approved may be requested from the
agency clearance officer, whose name appears below. Cindy Ayouch,
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.
SUPPLEMENTARY INFORMATION:
Proposal to Approve Under OMB Delegated Authority The Extension For
Three Years, With Revision, of the Following Report:
Report title: Interagency Notice of Change in Bank Control,
Interagency Notice of Change in Director or Senior Officer, and
Interagency Biographical and Financial Report
Agency form number: FR 2081a, FR 2081b, and FR 2018c
OMB control number: 7100-0134
Frequency: On occasion
Reporters: Financial institutions and certain of their officers and
shareholders
Annual reporting hours: Interagency Notice of Change in Bank
Control-3,900 hours; Interagency Notice of Change in Director or Senior
Officer-130 hours; Interagency Biographical and Financial Report-4,420
hours
Estimated average hours per response: Interagency Notice of Change
in Bank Control-30 hours; Interagency Notice of Change in Director or
Senior Officer-2 hours; Interagency Biographical and Financial Report-4
hours
Number of respondents: Interagency Notice of Change in Bank
Control-130; Interagency Notice of Change in Director or Senior
Officer-65; Interagency Biographical and Financial Report-1,105
Small businesses are affected.
General description of report: This information collection is
mandatory (12 U.S.C. 1817(j) and 12 U.S.C. 1831(q)) and is not given
confidential treatment.
Abstract: The information collected assists the Federal Reserve
Board, the Office of the Comptroller of the Currency (OCC), the Federal
Deposit Insurance Corporation (FDIC) and the Office of Thrift
Supervision (OTS) in fulfilling their statutory responsibilities. These
regulatory agencies use the information to evaluate a depository
institution's controlling ownership interests and its senior officers
and directors. The information collected in the Interagency Notice of
Change in Bank Control (FR 2081a) is supplied by persons proposing to
make significant investments in bank holding companies or depository
institutions. The information collected in the Interagency Notice of
Change in Director or Senior Executive Officer (FR 2081b) is required
under Section 914 of the Financial Institutions Reform, Recovery, and
Enforcement Act of 1989 (FIRREA). The notice is completed, under
certain circumstances, by a bank holding company or depository
institution making changes in its board of directors or senior
executive officers. The Interagency Biographical and Financial Report
(FR 2081c) is not a stand-alone report; it is used as a companion
report with other reports to gather required information about the
individuals involved in certain types of applications and
notifications.
Board of Governors of the Federal Reserve System, January 15, 2003.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 03-1310 Filed 1-21-03; 8:45 am]
BILLING CODE 6210-01-S