[Federal Register Volume 64, Number 196 (Tuesday, October 12, 1999)]
[Notices]
[Pages 55289-55290]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-26415]
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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
[[Page 55290]]
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:
Chief, Financial Reports Section--Mary M. West--Division of Research
and Statistics, Board of Governors of the Federal Reserve System,
Washington, DC 20551 (202-452-3829); OMB Desk Officer--Alexander T.
Hunt--Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 3208,
Washington, DC 20503 (202-395-7860).
Final approval under OMB delegated authority of the extension for
three years, with revision of the following reports:
1. Report title: Application for a Foreign Organization to Become a
Bank Holding Company.
Agency form number: FR Y-1f.
OMB Control number: 7100-0119.
Frequency: Event-generated.
Reporters: Foreign Banking Organizations.
Annual reporting hours: 280 hours.
Estimated average hours per response: 70 hours.
Number of respondents: 4 foreign banking organizations.
Small businesses are not affected.
General description of report: This information collection is
mandatory (12 U.S.C. 1842(a) and 1844(a) and (c) and by Regulation Y
(12 CFR 225.5(a) and 225.11(f)). The information provided in the
application is not confidential unless the applicant specifically
requests it and the Board approves the request.
Abstract: Under the Bank Holding Company Act, submission of this
application is mandatory for any company organized under the laws of a
foreign country seeking initial entry into the United States through
the establishment or acquisition of a U.S. subsidiary bank. Applicants
provide financial and managerial information and must discuss the
competitive effects of the proposed transaction and how the proposed
transaction would enhance the convenience and needs of the community to
be served.
The Board approved several revisions to the FR Y-1f, including
clarifying the application to improve consistency with the FR Y-3 and
other types of applications filed by foreign banks, deleting items not
necessary for all applications of this type, and adding an item on
reserve for loan losses. Also, several minor clarifications would be
made to the instructions, including the elimination of any outdated
references.
2. Report title: Consumer Satisfaction Questionnaire.
Agency form number: FR 1379.
OMB Control number: 7100-0135.
Frequency: Event-generated.
Reporters: Consumers.
Annual reporting hours: 60 hours.
Estimated average hours per response: 20 minutes.
Number of respondents: 180 consumers.
Small businesses are not affected.
General description of report: This information collection is
voluntary (15 U.S.C. 57 (a)(f)(1)) and is not given confidential
treatment; however, some respondents may provide information not
specifically solicited on the form, which may be exempt from disclosure
under the Freedom of Information Act (5 U.S.C. 552 (b)(4), (b)(6), and
(b)(7)).
Abstract: The FR 1379 is used to determine whether complainants are
satisfied with the way the Federal Reserve System handled their
complaints and to solicit suggestions for improving the complaint-
handling process. The revised questionnaire was designed to collect
more details related to the information requested in the previous
questionnaire and to capture information about the demographic
characteristics of consumers who file complaints about state member
banks. Previously, the questionnaire was sent to consumers whose
complaints against state member banks were referred by the Board of
Governors to the appropriate Federal Reserve Bank for resolution. The
Board is extending distribution of the questionnaire to all consumers
who have complaints against state member banks.
Board of Governors of the Federal Reserve System, October 1,
1999.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 99-26415 Filed 10-8-99; 8:45 am]
Billing Code 6210-01-F
