Rules and Regulations. Notice
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/register/2006/01/18/06-422A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 6712-01-P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB AGENCY: Board of Governors of the Federal Reserve System. SUMMARY: Background. Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the Public).
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 instrument(s) 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.
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer -Michelle Long--Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202-452-3829). OMB Desk Officer-Mark Menchik--Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503, or e-mail to mmenchik@omb.eop.gov. Final approval under OMB delegated authority the extension for three years, without revision, of the following reports: *1.
Report title:* Recordkeeping and Disclosure Requirements in Connection with Regulation B (Equal Credit Opportunity) *Agency form number:* Reg B *OMB control number:* 7100-0201 *Frequency:* Event-generated *Reporters:* State member banks, branches and agencies of foreign banks (other than federal branches, federal agencies, and insured state branches of foreign banks), commercial lending companies owned or controlled by foreign banks, and Edge and agreement corporations. *Annual reporting hours:* 189,540 hours *Estimated average hours per response:* Notice of action, 2.5 minutes; credit history reporting, 2 minutes; recordkeeping for applications & actions, 8 hours; monitoring data, 0.50 minutes; appraisal report upon request, 5 minutes; notice of right to appraisal, 0.25 minutes; recordkeeping of self test, 2 hours; recordkeeping of corrective action, 8 hours; and disclosure of optional self-test, 1 minute. *Number of respondents:* 1,341 *General description of report:* This information collection is mandatory (15 U.S.C. 1691(b)(a)(1)).
The adverse action disclosure is confidential between the institution and the consumer involved. Since the Federal Reserve does not collect any information, no issue of confidentiality normally arises. However, the information may be protected from disclosure under the exemptions (b)(4), (6), and
(8)of the Freedom of Information Act (5 USC 522(b)). *Abstract:* The Equal Credit Opportunity Act (the Act) and Regulation B prohibit discrimination in any aspect of a credit transaction because of race, color, religion, national origin, sex, marital status, age, or other specified bases. To aid in implementation of this prohibition, the statute and regulation also subject creditors to various mandatory disclosure requirements, notification provisions, credit history reporting, monitoring rules, and recordkeeping requirements. These requirements are triggered by specific events and disclosures must be provided within the time periods established by the Act and regulation. *2. Report title:* Recordkeeping and Disclosure Requirements in Connection with Regulation E (Electronic Funds Transfer) *Agency form number:* Reg E *OMB control number:* 7100-0200 *Frequency:* Event-generated *Reporters:* State member banks, branches and agencies of foreign banks (other than Federal branches, Federal agencies, and insured state branches of foreign banks), commercial lending companies owned or controlled by foreign banks, and Edge and agreement corporations. *Annual reporting hours:* 63,047 hours *Estimated average hours per response:* Initial terms disclosure, 1.5 minutes; change in terms disclosure, 1 minute; periodic disclosure, 7 hours; and error resolution rules, 30 minutes. *Number of respondents:* 1,289 *General description of report:* This information collection is mandatory (15 U.S.C. 1693 et seq.). The disclosures required by the rule and information about error allegations and their resolution are confidential between the institution and the consumer. Since the Federal Reserve does not collect any information, no issue of confidentiality arises. However, the information, if made available to the Federal Reserve, may be protected from disclosure under exemptions (b)(4), (6), and
(8)of the Freedom of Information Act (5 U.S.C. 552 (b)(4), (6), and (8)). *Abstract:* The Electronic Funds Transfer Act and Regulation E are designed to ensure adequate disclosure of basic terms, costs, and rights relating to electronic fund transfer
(EFT)services provided to consumers. Institutions offering EFT services must disclose to consumers certain information, including: Initial and updated EFT terms, transaction information, periodic statements of activity, the consumer's potential liability for unauthorized transfers, and error resolution rights and procedures. EFT services include automated teller machines, telephone bill payment, point-of- sale transfers in retail stores, fund transfers initiated through the internet, and preauthorized transfers to or from a consumer's account. Board of Governors of the Federal Reserve System, January 11, 2006. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E6-427 Filed 1-17-06; 8:45 am] BILLING CODE 6210-01-S 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 set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the office of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than February 1, 2006. **A. Federal Reserve Bank of Kansas City** (Donna J. Ward, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001: *1. Steven D. Carr, as trustee of Wheeler Trust No. 2099* , Wichita, Kansas; and Steven D. Carr, Wichita, Kansas; Michael D. Carr, Leawood, Kansas; Terry L. Carr, Wichita, Kansas; Douglas D. Carr, Andover, Kansas; and Bobby D. Carr, Wichita, Kansas; acting as individuals and a group acting in concert, to acquire voting shares of Community State Bancshares, Inc., Wichita, Kansas, and thereby indirectly acquire voting shares of Community Bank of Wichita, Inc., Wichita, Kansas. Board of Governors of the Federal Reserve System, January 12, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6-457 Filed 1-17-06; 8:45 am] BILLING CODE 6210-01-S FEDERAL TRADE COMMISSION Revised Jurisdictional Thresholds for Section 8 of the Clayton Act AGENCY: Federal Trade Commission. ACTION: Notice. SUMMARY: The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act. Section 8 prohibits, with certain exceptions, one person from serving as a director or officer of two competing corporations if two thresholds are met. Competitor corporations are covered by Section 8 if each one has capital, surplus, and undivided profits aggregating more than $10,000,000, with the exception that no corporation is covered if the competitive sales of either corporation are less than $1,000,000. Section 8(a)(5) requires the Federal Trade Commission to revise those thresholds annually, based on the change in gross national product. The new thresholds, which take effect immediately, are $22,761,000 for Section 8(a)(1), and $2,276,100 for Section 8(a)(2)(A). DATES: *Effective Date:* January 18, 2006. FOR FURTHER INFORMATION CONTACT: James F. Mongoven, Bureau of Competition, Office of Policy and Coordination,
(202)326-2879. (Authority: 15 U.S.C. 19(a)(5)). By direction of the Commission. Donald S. Clark, Secretary. [FR Doc. 06-422 Filed 1-17-06; 8:45 am]
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- 5 CFR 1320.16
- 5 USC 522(b)
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