Federal Register / Vol. 71, No.
42 / Friday, March 3, 2006 / Notices 10971
FOR MORE INFORMATION CONTACT: Bryant
L. VanBrakle, Secretary, (202) 523–5725.
Karen V. Gregory,
Assistant Secretary.
[FR Doc. 06–2093 Filed 3–1–06; 1:20 pm]
BILLING CODE 6730–01–M
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 proposal
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 collections
of information is necessary for the
proper performance of the Federal
wwhite on PROD1PC61 with NOTICES
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 collections,
VerDate Aug<31>2005 16:43 Mar 02, 2006 Jkt 208001
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 May 2, 2006.
ADDRESSES: You may submit comments,
identified by Reg W or Reg Z, 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.comments@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, N.W.,
Washington, DC 20551.
All public comments are available
from the Board’s web site at
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,
N.W.) between 9:00a.m. and 5:00p.m. on
weekdays.
FOR FURTHER INFORMATION CONTACT: A sections 23A and 23B as a means to
copy of 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.
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Proposals to approve under OMB
delegated authority the extension for
three years, without revision, of the
following collections of information:
1. Report title: Notice Requirements in
Connection with Regulation W (12 CFR
Part 223 Transactions Between Member
Banks and Their Affiliates)
Agency form number: Reg W
OMB control number: 7100–0304
Frequency: Event–generated
Reporters: Insured depository
institutions and uninsured member
banks
Estimated annual reporting hours:
250 hours
Estimated average hours per response:
Loan participation renewal notice, 2
hours; Acquisition notice, 6 hours;
Internal corporate reorganization
transactions notice, 6 hours; and Section
23A additional exemption notice, 10
hours.
Estimated number of respondents: 45
General description of report: This
information collection is required to
evidence compliance with sections 23A
and 23B of the Federal Reserve Act (12
U.S.C. 371c(f) and 371c–1(e)).
Confidential and proprietary
information collected for the purposes
of the Loan Participation Renewal
notice 12 CFR 223.15(b)(4) may be
protected under the authority of the
Freedom of Information Act (5 U.S.C. §
552(b)(4) and (b)(8)). Section (b)(4)
exempts information deemed
competitively sensitive from disclosure
and Section (b)(8) exempts information
‘‘contained in or related to examination,
operating, or condition reports prepared
by, on behalf of, or for the use of an
agency responsible for the regulation or
supervision of financial institutions.’’
Abstract: Effective April 1, 2003, the
Federal Reserve issued Regulation W to
implement comprehensively sections
23A and 23B. The Federal Reserve
decided to issue such a rule for several
reasons. First, the regulatory framework
established by the Gramm–Leach–Bliley
Act emphasizes the importance of
protect depository institutions from
losses in transactions with affiliates. In
addition, adoption of a comprehensive
rule simplified the interpretation and
application of sections 23A and 23B,
ensured that the statute is consistently
interpreted and applied, and minimized
burden on banking organizations to the
extent consistent with the statute’s
goals. Finally, issuing a comprehensive
rule allowed the public an opportunity
to comment on Federal Reserve
interpretations of sections 23A and 23B.
On December 12, 2002, the Federal
Reserve published a Federal Register
notice (67 FR 76603) adopting Reg W.
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 10972 Federal Register / Vol. 71, No. 42 / Friday, March 3, 2006 / Notices
2. Report title: Recordkeeping and
Disclosure Requirements of Regulation
Z of credit to consumers. For open–end
Agency form number: Reg Z
OMB control number: 7100–0199
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 organizations
operating under section 25 or 25A of the
Federal Reserve Act.
Annual reporting hours: Open–end
credit––initial disclosure, 28,463 hours;
open–end credit––updated disclosures,
41,250 hours; periodic statements,
125,952 hours; error resolution––credit
cards, 22,260 hours; error resolution––
other open–end credit, 1,312 hours;
credit & charge card––solicitations and
applications, 29,952 hours; home equity
plans––applications disclosure, 13,983
hours; home equity plan––restrictions
disclosure, 354 hours; closed–end credit
disclosures, 351,354 hours; HOEPA pre–
closing disclosures, 425 hours; and
advertising, 2,733 hours.
Estimated average hours per response:
Open–end credit––initial disclosure, 1.5
minutes; open–end credit––updated
disclosures, 1 minute; periodic
statements, 8 hours; error resolution––
credit cards, 30 minutes; error
resolution––other open–end credit, 30
minutes; credit & charge card––
solicitations and applications, 8 hours;
home equity plans––applications
disclosure, 1.5 minutes; home equity
plan––restrictions disclosure, 3
minutes; closed–end credit disclosures,
6.5 minutes; HOEPA pre–closing
disclosures, 3 minutes; and advertising
rules, 25 minutes.
Number of respondents: State member
banks, 947; branches and agencies of
foreign banks (other than federal
branches, federal agencies, and insured
state branches of foreign banks), 287;
commercial lending companies owned
or controlled by foreign banks, 3; and
organizations operating under section
25 or 25A of the Federal Reserve Act,
75.
General description of report: This
information collection is mandatory (15
U.S.C. 1601, 1604(a)). Since the Federal
Reserve does not collect any
information, no issue of confidentiality
arises. Transaction– or account–specific
disclosures and billing error allegations
are not publicly available and are
wwhite on PROD1PC61 with NOTICES
confidential between the creditor and
the consumer. General disclosures of
credit terms that appear in
advertisements or take–one applications
are available to the public.
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Abstract: TILA and Regulation Z
require disclosure of the costs and terms
credit (revolving credit accounts)
creditors are required to disclose
information about the initial costs and
terms and to provide periodic
statements of account activity, notices of
changes in terms, and statements of
rights concerning billing error
procedures. There are special disclosure
requirements for credit and charge card
applications and solicitations, as well as
for home equity plans. For closed–end
loans, such as mortgage and installment
loans, cost disclosures are required to be
provided prior to consummation.
Special disclosures are required of
certain products, such as reverse
mortgages, certain variable rate loans,
and certain mortgages with rates and
fees above specified thresholds. TILA
and Regulation Z also contain rules
concerning credit advertising.
Board of Governors of the Federal Reserve
System, February 27, 2006.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E6–2990 Filed 3–2–06; 8:45 am]
BILLING CODE 6210–01–S
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Office of the Secretary
[Document Identifier: OS–0990–0208; 30-
day notice]
Agency Information Collection
Activities: Proposed Collection;
Comment Request
AGENCY: Office of the Secretary.
In compliance with the requirement
of section 3506(c)(2)(A) of the
Paperwork Reduction Act of 1995, the
Office of the Secretary (OS), Department
of Health and Human Services, is
publishing the following summary of a
proposed collection for public
comment. Interested persons are invited
to send comments regarding this burden
estimate or any other aspect of this
collection of information, including any
of the following subjects: (1) The
necessity and utility of the proposed
information collection for the proper
performance of the agency’s functions;
(2) the accuracy of the estimated
burden; (3) ways to enhance the quality,
utility, and clarity of the information to
be collected; and (4) the use of
automated collection techniques or
other forms of information technology to
minimize the information collection
burden.
PO 00000 Frm 00023 Fmt 4703 Sfmt 4703 E:\FR\FM\03MRN1.SGM
Type of Information Collection
Request: Regular Clearance, Extension
of a currently approved collection;
Title of Information Collection:
Applicant Background Survey;
Form/OMB No.: OS–0990–0208;
Use: This form will be used to ask
applicants for employment, how they
learned about a vacancy to ensure that
recruitment sources yield qualified
women and minority applicants, as well
as applicants with disabilities, in
compliance with EEOC management
directives.
Frequency: Reporting;
Affected Public: Individuals or
households;
Annual Number of Respondents:
30,000.00;
Total Annual Responses: 30,000.00;
Average Burden Per Response: 1⁄2
hour;
Total Annual Hours: 1,000;
To obtain copies of the supporting
statement and any related forms for the
proposed paperwork collections
referenced above, access the HHS Web
site address at http://www.hhs.gov/ocio/
infocollect/pending/ or e-mail your
request, including your address, phone
number, OMB number, and OS
document identifier, to
naomi.cook@hhs.gov, or call the Reports
Clearance Office on (202) 690–6162.
Written comments and
recommendations for the proposed
information collections must be
received within 30-days, and directed to
the Desk Officer at the address below:
OMB Desk Officer: John Kraemer,
OMB Human Resources and Housing
Branch, Attention: (OMB #0990–0208),
New Executive Office Building, Room
10235, Washington, DC 20503.
Dated: February 22, 2006.
Robert E. Polson,
Office of the Secretary, Paperwork Reduction
Act Reports Clearance Officer.
[FR Doc. E6–3033 Filed 3–2–06; 8:45 am]
BILLING CODE 4153–17–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Office of the Secretary
[Document Identifier: OS–0990–New] [30-
Day Notice]
Agency Information Collection
Activities: Proposed Collection;
Comment Request
AGENCY: Office of the Secretary.
In compliance with the requirement
of section 3506(c)(2)(A) of the
Paperwork Reduction Act of 1995, the
Office of the Secretary (OS), Department
of Health and Human Services, is
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