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28030 Federal Register / Vol. 71, No.

93 / Monday, May 15, 2006 / Notices

Facilitate Existing Flexibilities C. EPA and states will explore the PLACE:999 E Street, NW., Washington,
I. EPA will collect and publicize possibility of developing a brochure, DC (Ninth Floor).
examples of flexibility available through fact sheet, and/or slide presentation
STATUS: This meeting will be open to the
existing guidance and regulations and, materials that states can customize for
public.
in coordination with permitting outreach purposes. In addition, EPA
authorities and state performance-based will produce standard language about ITEMS TO BE DISCUSSED:Correction and
program contacts, encourage Performance Track and state approval of minutes.
performance-based program facilities to performance-based programs that Advisory Opinion 2006–15:
utilize them where appropriate. interested states may use in their TransCanada Corporation by counsel,
[Ongoing] publications. [Ongoing] Jonathan D. Simon. Routine
Some examples include: D. EPA and states will develop an Administrative Matters.
• The Minnesota Pollution Control online catalog identifying those sectors
Agency developed a Stationary Source that may be of greatest interest for FOR FURTHER INFORMATION CONTACT: Mr.
Synthetic Minor permit for IBM: Under recruitment each year by EPA and Robert Biersack, Press Officer,
this permit, in return for meeting lower states. Sample criteria for selection of Telephone: (202) 694–1220.
emissions limits for specified HAPs sector candidates include a strong Mary W. Dove,
than otherwise required, IBM is eligible economic presence or high profile, Secretary of the Commission.
for simpler emissions calculations and significant progress in improving [FR Doc. 06–4581 Filed 5–11–06; 2:34 pm]
recordkeeping. The IBM permit reduces environmental performance, or
BILLING CODE 6715–01–M
the frequency of calculating and opportunities for engaging facilities in
recording emissions from monthly (12- efforts to address priority environmental
month rolling averages) to annually problems. [Ongoing]
(total calendar year calculations).
• Permitting approach for Steele 4. Continue Work of ECOS/EPA FEDERAL RESERVE SYSTEM
County, MN, indirect dischargers: Performance-Based Environmental
Program Workgroup Agency Information Collection
Under the CWA pretreatment program, Activities: Announcement of Board
the POTW serves as the permitting ECOS and EPA workgroup members Approval Under Delegated Authority
authority for its indirect dischargers. In will continue to work collaboratively to and Submission to OMB
the Steele County project, in return for implement the recommendations for
meeting a 20% effluent reduction goal Performance Track and state AGENCY: Board of Governors of the
for specified metals, participating performance-based environmental Federal Reserve System.
indirect dischargers are eligible for programs. The workgroup will be led by
reduced frequency of monitoring. SUMMARY: Bckground.
the chair of the ECOS Cross-media
J. EPA will document examples of Committee and EPA’s Director of the Notice is hereby given of the final
Performance Track facilities that have National Center for Environmental approval of proposed information
reached agreement with state permitting Innovation, with members drawn from collections by the Board of Governors of
authorities to reduce their NPDES State and EPA program offices, the Federal Reserve System (Board)
effluent monitoring frequencies, Performance Track, and state under OMB delegated authority, as per
consistent with existing EPA policy, performance-based environmental 5 CFR 1320.16 (OMB Regulations on
while maintaining a high degree of programs. The workgroup will meet on Controlling Paperwork Burdens on the
confidence in their monitoring data. a regular basis to sustain focus and Public). Board–approved collections of
EPA will publicize and share these energy, and will report periodically to information are incorporated into the
facilities’ experiences with Performance the ECOS President, EPA Administrator, official OMB inventory of currently
Track and state performance-based and EPA’s Innovation Action Network approved collections of information.
environmental program members so that (IAN), comprised of the Agency’s Copies of the OMB 83–Is and supporting
other facilities may consider these Deputy Assistant and Associate statements and approved collection of
approaches in consultation with their Administrators, Deputy Regional information instrument(s) are placed
permitting authorities. [February–June into OMB’s public docket files. The
Administrators, and the Co-chairs of the
2006] Federal Reserve may not conduct or
ECOS Cross-media Committee. In
3. Improve State/EPA Coordination of addition, workgroup reports will be sponsor, and the respondent is not
Strategic Marketing and Education of shared with state performance program required to respond to, an information
Performance-Based Programs. staff and through regular EPA/state collection that has been extended,
monthly calls. revised, or implemented on or after
To improve marketing, outreach, and October 1, 1995, unless it displays a
recruitment coordination, ECOS and Dated: May 10, 2006. currently valid OMB control number.
EPA will take the following steps: Robert S. Benson,
A. EPA and states will share program Acting Director, Office of Business and FOR FURTHER INFORMATION CONTACT:
branding strategies to increase Community Innovation. Federal Reserve Board Clearance
information sharing, idea generation, [FR Doc. E6–7333 Filed 5–12–06; 8:45 am] Officer––Michelle Long––Division of
and learning from other programs. BILLING CODE 6560–50–P
Research and Statistics, Board of
[Ongoing] Governors of the Federal Reserve
B. Interested states and EPA’s System, Washington, DC 20551 (202–
Performance Track staff will sponsor a 452–3829); OMB Desk Officer––Mark
one-day workshop to focus specifically FEDERAL ELECTION COMMISSION Menchik––Office of Information and
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on marketing, outreach, and Regulatory Affairs, Office of


recruitment. The workshop will Sunshine Act; Meeting Management and Budget, New
highlight the importance of these Executive Office Building, Room 10235,
functions and how to improve DATE & TIME: Thursday, May 18, 2006 at Washington, DC 20503, or e-mail to
coordination. [May 11, 2006] 10 a.m. mmenchik@omb.eop.gov

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Federal Register / Vol. 71, No. 93 / Monday, May 15, 2006 / Notices 28031

Final approval under OMB delegated On March 3, 2006, the Federal are not publicly available and are
authority of the extension for three Reserve published a notice soliciting confidential between the creditor and
years, without revision, of the following comment on this proposal, Regulation the consumer. General disclosures of
collections of information: W (71 FR 10971). The comment period credit terms that appear in
1. Report title: Notice Requirements in ended on May 2, 2006. The Federal advertisements or take–one applications
Connection with Regulation W (12 CFR Reserve did not receive any comments. are available to the public.
Part 223 Transactions Between Member 2. Report title: Recordkeeping and Abstract: TILA and Regulation Z
Banks and Their Affiliates) Disclosure Requirements of Regulation require disclosure of the costs and terms
Agency form number: Reg W Z of credit to consumers. For open–end
OMB control number: 7100–0304 Agency form number: Reg Z credit (revolving credit accounts),
Frequency: Event–generated OMB control number: 7100–0199 creditors are required to disclose
Reporters: Insured depository Frequency: Event–generated
Reporters: State member banks, information about the initial costs and
institutions and uninsured member terms and to provide periodic
banks branches and agencies of foreign banks
(other than federal branches, Federal statements of account activity, notices of
Estimated annual reporting hours: changes in terms, and statements of
250 hours agencies, and insured state branches of
foreign banks), commercial lending rights concerning billing error
Estimated average hours per response: procedures. There are special disclosure
Loan participation renewal notice, 2 companies owned or controlled by
foreign banks, and organizations requirements for credit and charge card
hours; Acquisition notice, 6 hours; applications and solicitations, as well as
Internal corporate reorganization operating under section 25 or 25A of the
Federal Reserve Act. for home equity plans. For closed–end
transactions notice, 6 hours; and Section loans, such as mortgage and installment
23A additional exemption notice, 10 Annual reporting hours: Open–end
credit––initial disclosure, 28,463 hours; loans, cost disclosures are required to be
hours. provided prior to consummation.
Estimated number of respondents: 45 open–end credit––updated disclosures,
General description of report: This 41,250 hours; periodic statements, Special disclosures are required of
information collection is required to 125,952 hours; error resolution––credit certain products, such as reverse
evidence compliance with sections 23A cards, 22,260 hours; error resolution–– mortgages, certain variable rate loans,
and 23B of the Federal Reserve Act (12 other open–end credit, 1,312 hours; and certain mortgages with rates and
U.S.C. 371c(f) and 371c–1(e)). credit & charge card––solicitations and fees above specified thresholds. TILA
Confidential and proprietary applications, 29,952 hours; home equity and Regulation Z also contain rules
information collected for the purposes plans––applications disclosure, 13,983 concerning credit advertising.
of the Loan Participation Renewal hours; home equity plan––restrictions On March 3, 2006, the Federal
notice 12 CFR 223.15(b)(4) may be disclosure, 354 hours; closed–end credit Reserve published a notice soliciting
protected under the authority of the disclosures, 351,354 hours; HOEPA pre– comment on this proposal, Regulation Z
Freedom of Information Act (5U.S.C. § closing disclosures, 425 hours; and (71 FR 10971). The comment period
552(b)(4) and (b)(8)). Section (b)(4) advertising, 2,733 hours. ended on May 2, 2006. The Federal
exempts information deemed Estimated average hours per response: Reserve did not receive any comments.
competitively sensitive from disclosure Open–end credit–– initial disclosure, Board of Governors of the Federal Reserve
and Section (b)(8) exempts information 1.5 minutes; open–end credit––updated System, May 9, 2006.
‘‘contained in or related to examination, disclosures, 1 minute; periodic Jennifer J. Johnson
operating, or condition reports prepared statements, 8 hours; error resolution–– Secretary of the Board.
by, on behalf of, or for the use of an credit cards, 30 minutes; error [FR Doc. E6–7303 Filed 5–12–06; 8:45 am]
agency responsible for the regulation or resolution––other open–end credit, 30 BILLING CODE 6210–01–S
supervision of financial institutions.’’ minutes; credit & charge card––
Abstract: Effective April 1, 2003, the solicitations and applications, 8 hours;
Federal Reserve issued Regulation W to home equity plans––applications FEDERAL RESERVE SYSTEM
implement comprehensively sections disclosure, 1.5 minutes; home equity
23A and 23B. The Federal Reserve plan––restrictions disclosure, 3 Change in Bank Control Notices;
decided to issue such a rule for several minutes; closed–end credit disclosures, Acquisition of Shares of Bank or Bank
reasons. First, the regulatory framework 6.5 minutes; HOEPA pre–closing Holding Companies
established by the Gramm–Leach–Bliley disclosures, 3 minutes; and advertising
Act emphasizes the importance of rules, 25 minutes. The notificants listed below have
sections 23A and 23B as a means to Number of respondents: State member applied under the Change in Bank
protect depository institutions from banks, 947; branches and agencies of Control Act (12 U.S.C. 1817(j)) and
losses in transactions with affiliates. In foreign banks (other than Federal § 225.41 of the Board’s Regulation Y (12
addition, adoption of a comprehensive branches, Federal agencies, and insured CFR 225.41) to acquire a bank or bank
rule simplified the interpretation and state branches of foreign banks), 287; holding company. The factors that are
application of sections 23A and 23B, commercial lending companies owned considered in acting on the notices are
ensured that the statute is consistently or controlled by foreign banks, 3; and set forth in paragraph 7 of the Act (12
interpreted and applied, and minimized organizations operating under section U.S.C. 1817(j)(7)).
burden on banking organizations to the 25 or 25A of the Federal Reserve Act, The notices are available for
extent consistent with the statute’s 75. immediate inspection at the Federal
goals. Finally, issuing a comprehensive General description of report: This Reserve Bank indicated. The notices
rule allowed the public an opportunity information collection is mandatory (15 also will be available for inspection at
jlentini on PROD1PC65 with NOTICES

to comment on Federal Reserve U.S.C. 1601, 1604(a)). Since the Federal the office of the Board of Governors.
interpretations of sections 23A and 23B. Reserve does not collect any Interested persons may express their
On December 12, 2002, the Federal information, no issue of confidentiality views in writing to the Reserve Bank
Reserve published a Federal Register arises. Transaction– or account–specific indicated for that notice or to the offices
notice (67 FR 76603) adopting Reg W. disclosures and billing error allegations of the Board of Governors. Comments

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