[Federal Register Volume 63, Number 9 (Wednesday, January 14, 1998)]
[Notices]
[Page 2301]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-955]
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DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Office of Thrift Supervision, Department of Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13. Currently, the
Office of Thrift Supervision within the Department of the Treasury is
soliciting comments concerning the Loans to Executive Officers,
Directors and Principal Shareholders of Savings Associations.
DATES: Written comments should be received on or before March 16, 1998
to be assured of consideration.
ADDRESSES: Send comments to Manager, Dissemination Branch, Records
Management and Information Policy, Office of Thrift Supervision, 1700 G
Street, NW., Washington, DC 20552, Attention 1550-0075. These
submissions may be hand delivered to 1700 G Street, NW. From 9:00 A.M.
to 5:00 P.M. on business days; they may be sent by facsimile
transmission to FAX Number (202) 906-7755; or they may be sent by e-
mail: [email protected]. Those commenting by e-mail should
include their name and telephone number. Comments over 25 pages in
length should be sent to FAX Number (202) 906-6956. Comments will be
available for inspection at 1700 G Street, NW., from 9:00 A.M. until
4:00 P.M. on business days.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
should be directed to Donna Deale, Supervision Policy, Supervision,
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552,
(202) 906-7488.
SUPPLEMENTARY INFORMATION:
Title: Loans to Executive Officers, Directors and Principal
Shareholders of Savings Associations.
OMB Number: 1550-0075.
Form Number: Not Applicable.
Abstract: This regulation requires savings associations to maintain
detailed records of their extensions of credit to executive officers,
directors and principal shareholders. The regulation also requires that
savings associations report to OTS all loans to executives and disclose
the amount of credit extensions following a written request from the
public. Indebtedness incurred from correspondent banks also must be
disclosed to the board of directors.
Current Actions: OTS is proposing to renew this information
collection without revision.
Type of Review: Extension of an already approved collection.
Affected Public: Business or For Profit.
Estimated Number of Respondents: 1229.
Estimated Time Per Respondent: 11 hours.
Estimated Total Annual Burden Hours: 13,519 hours.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality; (d) ways to minimize the burden of the
collection of information on respondents, including the use of
automated collection techniques or other forms of information
technology, and (e) estimates of capital or start-up costs and costs of
operation, maintenance, and purchase of services to provide
information.
Dated: January 8, 1998.
Catherine C. M. Teti,
Director, Records Management and Information Policy.
[FR Doc. 98-955 Filed 1-13-98; 8:45 am]
BILLING CODE 6720-01-P