Notices. Board of Governors of the Federal Reserve System SUMMARY: Background
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BILLING CODE 6730-01-M FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB ACTION: 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 of the extension for three years, with revision of the following reports: *1.
Report title:* Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks *Agency form number:* FR 2502q *OMB Control number:* 7100-0079 *Frequency:* Quarterly *Reporters:* Large foreign branches and banking subsidiaries of U.S. depository institutions *Annual reporting hours:* 826 hours *Estimated average hours per response:* 3.5 hours *Number of respondents:* 59 *General description of report:* This information collection is required (12 U.S.C. §§ 248(a) (2), 353 et seq., 461, 602, and 625) and is given confidential treatment (5 U.S.C. § 552(b) (4)). *Abstract:* This reporting form collects data quarterly on the geographic distribution of the assets and liabilities of major foreign branches and subsidiaries of U.S. commercial banks and of Edge and agreement corporations.
Data from this reporting form comprise a piece of the flow of funds data that are compiled by the Federal Reserve. *Current Actions:* On January 24, 2006, the Federal Reserve published a notice soliciting comments on the proposed revisions to the Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks (71 FR 3844). The comment period ended on March 27, 2006. The Federal Reserve will implement the following revisions, effective for the March 31, 2006 report date:
(1)discontinue Schedule A as a result of the elimination of M3 and
(2)reduce the reporting panel to require offices located only in the Caribbean and the United Kingdom to file the FR 2502q. In addition, the Federal Reserve will implement the following revisions, effective for the June 30, 2006 report date:
(1)discontinue Memorandum item 3a;
(2)revise the instructions for data to be reported in the unallocated data items; and
(3)conform the names of several countries and one region to the country list compiled by the U.S. Treasury. The Federal Reserve received one comment letter from a federal agency describing its use of the data to prepare economic account information and estimates of international transactions. The revisions will be implemented as originally proposed. *2. Report title:* Consolidated Report of Condition and Income for Edge and Agreement Corporations *Agency form number:* FR 2886b *OMB control number:* 7100-0086 *Frequency:* Quarterly *Reporters:* Edge and agreement corporations *Annual reporting hours:* 3,055 *Estimated average hours per response:* 14.7 banking corporations, 8.5 investment corporations *Number of respondents:* 19 banking corporations, 57 investment corporations *General description of report:* This information collection is mandatory (12 U.S.C. §§ 602 and 625). For Edge corporations engaged in banking, information collection on schedules RC-M and RC-V are held confidential pursuant to Section (b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)). For investment Edge corporations, only information collected on schedule RC-M are given confidential treatment pursuant to Section (b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4). *Abstract:* This reporting form comprises a balance sheet, income statement, two schedules reconciling changes in capital and reserve accounts, and ten supporting schedules, and it parallels the commercial bank Consolidated Reports of Condition and Income (Call Report)(FFIEC 031; OMB No. 7100-0036). The Federal Reserve uses the data collected on the FR 2886b to supervise Edge corporations, identify present and potential problems, and monitor and develop a better understanding of activities within the industry. *Current action:* On January 24, 2006, the Federal Reserve published a notice soliciting comments on the proposed revisions to the FR 2886b (71 FR 3844). The comment period ended on March 27, 2006. The notice described the Federal Reserve's proposal to delete three data items related to bankers acceptances, consistent with proposed changes to the Call Report and to make minor clarifications to the reporting form and instructions. The Federal Reserve did not receive any comments on the proposed revisions. The revisions will be effective as of March 31, 2006. Board of Governors of the Federal Reserve System, April 4, 2006. Jennifer J. Johnson Secretary of the Board. [FR Doc. E6-5125 Filed 4-6-06; 8:45 am] BILLING CODE 6210-01-S FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request AGENCY: Board of Governors of the Federal Reserve System 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 on or after October 1, 1995, unless it displays a currently valid OMB control number. 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, including through the use of automated collection techniques or other forms of information technology. DATES: Comments must be submitted on or before June 6, 2006. ADDRESSES: You may submit comments, identified by FR 2064, FR H-4 or RFP/RFPQ, 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.comments64;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 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. 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. Michelle Long, 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. Proposals to approve under OMB delegated authority the extension for three years, without revision, of the following reports: *1. Report title:* Recordkeeping Requirements Associated with Changes in Foreign Investments (Made Pursuant to Regulation K) *Agency form number:* FR 2064 *OMB Control number:* 7100-0109 *Frequency:* On-occasion *Reporters:* State member banks (SMBs), Edge and agreement corporations, and bank holding companies
(BHCs)*Annual reporting hours:* 320 hours *Estimated average hours per response:* 2 hours *Number of respondents:* 40 *General description of report:* The recordkeeping requirements of this information collection are mandatory (Section 5(c) of the BHC Act (12 U.S.C. 1844(c)); Sections 7 and 13(a) of the International Banking Act of 1978 (12 U.S.C. 3106 and 3108(a)); Section 25 of the Federal Reserve Act
(FRA)(12 U.S.C. 601-604a); Section 25A of the FRA (12 U.S.C. 611-631); and Regulation K (12 CFR 211.8(c))). Since the Federal Reserve does not collect this information no issue of confidentiality under the Freedom of Information Act
(FOIA)arises. FOIA will only be implicated if the Board's examiners retain a copy of the records in their examination or supervision of the institution, and would be exempt from disclosure pursuant to FOIA (5 U.S.C. 552(b)(4), (b)(6), and (b)(8)). *Abstract:* Internationally active U.S. banking organizations are expected to maintain adequate internal records to allow examiners to review for compliance with the investment provisions of Regulation K. For each investment made under Subpart A of Regulation K, records should be maintained regarding the type of investment, for example, equity (voting shares, nonvoting shares, partnerships, interests conferring ownership rights, participating loans), binding commitments, capital contributions, and subordinated debt; the amount of the investment; the percentage ownership; activities conducted by the company and the legal authority for such activities; and whether the investment was made under general consent, prior notice, or specific consent authority. With respect to investments made under general consent authority, information also must be maintained that demonstrates compliance with the various limits set out in Section 211.9 of Regulation K. *2. Report title:* Recordkeeping Requirements Associated with Real Estate Appraisal Standards for Federally Related Transactions Pursuant to Regulations H and Y *Agency form number:* FR H-4 *OMB control number:* 7100-0250 *Frequency:* Event-generated *Reporters:* SMBs and nonbank subsidiaries of BHCs SMBs, 24,915; nonbank subsidiaries of BHCs, 20,638 *Estimated average hours per response:* 0.25 *Number of respondents:* 1,541 *General description of report:* This information collection is mandatory (12 U.S.C. 3331-3351). Since the Federal Reserve does not collect this information, no issue of confidentiality under FOIA arises. *Abstract:* For federally related transactions, Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 requires SMBs and BHCs with credit extending subsidiaries to use appraisals prepared in accordance with the Uniform Standards of Professional Appraisal Practice promulgated by the Appraisal Standards Board of the Appraisal Foundation. Generally, these standards include the methods and techniques used to analyze a property as well as the requirements for reporting such analysis and a value conclusion in the appraisal. There is no formal reporting form. *3. Report title:* Request for Proposal
(RFP)and Request for Price Quotations
(RFPQ)*Agency form number:* RFP/RFPQ *OMB control number:* 7100-0180 *Frequency:* On-occasion *Reporters:* Vendors and suppliers *Annual reporting hours:* 8,400 *Estimated average hours per response:* RFP, 50 hours; RFPQ, 2 hours. *Number of respondents:* RFP, 120; RFPQ, 1,200. *General description of report:* This information collection is required to obtain a benefit (12 U.S.C. 243, 244, and 248(l)). This information collection is not given confidential treatment unless a respondent requests that portions of the information be kept confidential and the Board's staff grants the request pursuant to the applicable exemptions provided by FOIA (5 U.S.C. 552). *Abstract:* The Federal Reserve uses the RFP and the RFPQ as needed to obtain competitive bids and contracts submitted by vendors (offerors). Depending upon the goods and services for which the Federal Reserve is seeking bids, the offeror is requested to provide either prices for providing the goods or services
(RFPQ)or a document covering not only prices, but the means of performing a particular service and a description of the qualification of the staff of the offeror who will perform the service (RFP). This information is used to analyze the proposals and select the offer providing the best value. Board of Governors of the Federal Reserve System, April 4, 2006. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E6-5126 Filed 4-6-06; 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 April 24, 2006. **A. Federal Reserve Bank of Atlanta** (Andre Anderson, Vice President) 1000 Peachtree Street, NE., Atlanta, Georgia 30303: *1. J. Autry and Martha Gobbell; Stephen or Jane Ann Gobbell; Stephen Gobbell, as custodian for Stephen Mark Gobbell; PB Bancshares, Inc., ESOP, J. Autry Gobbell, Gailand Grinder; Tommy Martin; Kelvin Runions; Carl Skelton; and Andrew Yarbrough, as trustees; Frances Hassell Wade Trust, J. Autry Gobbell, Martha Gobbell, and Stephen Gobbell, as trustees* , all of Clifton, Tennessee; to retain voting shares of PB Bancshares, Inc., and thereby indirectly retain voting shares of Peoples Bank, both of Clifton, Tennessee. Board of Governors of the Federal Reserve System, April 4, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6-5105 Filed 4-6-06; 8:45 am] BILLING CODE 6210-01-S FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 *et seq.* ) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained from the National Information Center website at *http://www.ffiec.gov/nic/* . Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than May 5, 2006. **A. Federal Reserve Bank of Dallas** (W. Arthur Tribble, Vice President) 2200 North Pearl Street, Dallas, Texas 75201-2272: *1. CSAB Holdings, LLC* , Dallas, Texas; to acquire 100 percent of the voting shares of Parkway National Bancshares, Inc., Plano, Texas, and thereby indirectly acquire Parkway National Bancshares of Delaware, Inc., Wilmington, Delaware, and Parkway Bank, National Association, Plano, Texas. *2. WCM Holdings, Inc., and WCM-Parkway, LTD* , both of Dallas, Texas; to become bank holding companies by acquiring 100 percent of the voting shares of CSAB Holdings, LLC, Dallas, Texas; and thereby indirectly acquire Parkway National Bancshares, Inc., Plano, Texas; Parkway National Bancshares of Delaware, Inc., Wilmington, Delaware; and Parkway Bank, National Association, Plano, Texas. **B. Federal Reserve Bank of San Francisco** (Tracy Basinger, Director, Regional and Community Bank Group) 101 Market Street, San Francisco, California 94105-1579: *1. Belevedre Capital LLC and Belvedere Capital Fund II, L.P.* , both of San Francisco, California; to become bank holding companies by acquiring up to 50 percent of the voting shares of Presidio Bank, San Francisco, California (in organization). Board of Governors of the Federal Reserve System, April 4, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6-5103 Filed 4-6-06; 8:45 am] BILLING CODE 6210-01-S 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 assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act. Additional information on all bank holding companies may be obtained from the National Information Center website at *http://www.ffiec.gov/nic/* . Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than April 24, 2006. **A. Federal Reserve Bank of Cleveland** (Cindy West, Manager) 1455 East Sixth Street, Cleveland, Ohio 44101-2566: *1. Kentucky Bancshares, Inc.* , Paris, Kentucky; to acquire Peoples Bancorp of Sandy Hook, Inc., Sandy Hook, Kentucky and thereby indirectly acquire voting shares of Peoples Secure, LLC, Lexington, Kentucky, and engage in data processing activities, pursuant to section 225.28(b)(14)(i) of Regulation Y. Board of Governors of the Federal Reserve System, April 4, 2006. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E6-5104 Filed 4-6-06; 8:45 am] BILLING CODE 6210-01-S FEDERAL RETIREMENT THRIFT INVESTMENT BOARD Sunshine Act Notice Time and Date: 9 a.m.
(EDT)April 17, 2006. Place: 4th Floor Conference Room, 1250 H Street, NW., Washington, DC. Status: Parts will be open to the public and parts closed to the public. Matters to Be Considered Parts Open to the Public 1. Approval of the minutes of the March 20, 2006, Board member meeting. 2. Thrift Savings Plan activity report by the Executive Director. 3. Quarterly Reports: —Investment Policy Report [Board Vote]. —Performance Report. —Vendor Financial Report. Parts Closed to the Public 5. Internal personnel matters. 6. Procurement matters. FOR MORE INFORMATION CONTACT: Thomas J. Trabucco, Director, Office of External Affairs.
(202)942-1640. Dated: April 5, 2006. Thomas K. Emswiler, Acting Secretary to the Federal Retirement Thrift Investment Board. [FR Doc. 06-3392 Filed 4-5-06; 11:42 am]
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U.S. Code
- Enumerated powers§ 248
- Public information; agency rules, opinions, orders, records, and proceedings§ 552
- Reports and examinations§ 602
- Administration§ 1844
- Nonbanking activities of foreign banks§ 3106
- Assessments upon Federal reserve banks to pay expenses§ 243
- Assessments§ 1817
- Definitions§ 1841
- Acquisition of bank shares or assets§ 1842
- Interests in nonbanking organizations§ 1843
6 references not yet in our index
- 5 CFR 1320.16
- 5 CFR 1320
- 12 USC 601-604a
- 12 USC 611-631
- 12 USC 3331-3351
- 12 CFR 225
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Notices
Board of Governors of the Federal Reserve System SUMMARY: Background
Cite5 CFR 1320.16
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Cite12 USC 601-604a
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