[Federal Register Volume 64, Number 67 (Thursday, April 8, 1999)]
[Notices]
[Pages 17216-17217]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-8784]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Information Collection; Submission for OMB Review; Comment 
Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Submission for OMB review; comment request.

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SUMMARY: The OCC, 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 a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995. The OCC may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection that has been 
extended, revised, or implemented unless it displays a currently valid 
Office of Management and Budget (OMB) control number. Currently, the 
OCC is soliciting comments concerning extension of an information 
collection titled International Regulation (12 CFR 28). The OCC also 
gives notice that it has sent the information collection to OMB for 
review.

DATES: Comments are due by: May 10, 1999.

ADDRESSES: Your comments regarding this information collection are 
welcome. You should submit your comments to the OMB Reviewer and to the 
OCC's Communications Division, Attention: 1557-0102, Third Floor, 
Office of the Comptroller of the Currency, 250 E Street, SW, 
Washington, DC 20219. Also, you can send your comments by facsimile 
transmission to (202) 874-5274, or by electronic mail to 
[email protected].
    You can inspect and photocopy the comments at the OCC's Public 
Reference Room, between 9:00 a.m. and 5:00 p.m. on business days. You 
can make an appointment to inspect the comments by calling (202) 874-
5043.

FOR FURTHER INFORMATION CONTACT: You can request additional 
information, a copy of the collection, or a copy of OCC's submission to 
OMB by contacting Jessie Gates or Camille Dixon, (202) 874-5090, 
Legislative and Regulatory Activities Division (1557-0102), Office of 
the Comptroller of the Currency, 250 E Street, SW, Washington, DC 
20219.

SUPPLEMENTARY INFORMATION: On June 15, 1998, the OCC published a 
request for comments in the Federal Register (63 FR 32695) concerning 
its request for extension without change of the information collection. 
No comments were received.
    Title: International Regulation (12 CFR 28)
    OMB Number: 1557-0102.
    Form Number: None.
    Abstract: This information collection covers an existing regulation 
and involves no change to the regulation or the information collection. 
The OCC requests only that OMB renew its approval of the information 
collection in the current regulation.
    The International Banking Act of 1978, 12 U.S.C. 3101 et seq., as

[[Page 17217]]

amended, requires collection of specific information relating to 
licensing applications and supervision of Federal branches and agencies 
of foreign banks in the United States and mandates recordkeeping 
requirements for capital equivalency deposits, voluntary liquidations, 
asset pledges, and asset maintenance requirements.
    The International Lending Supervision Act of 1983 (Pub. L. 98-181, 
Title IX, 97 Stat. 1153, 12 U.S.C. 3906) mandates the reporting and 
disclosure requirements for international assets as well as the 
recordkeeping requirements for accounting for fees on international 
loans.
    The regulation, 12 CFR 28, implements requirements imposed on 
national banks and Federal branches and agencies concerning 
international activities. This submission covers all of the information 
collections in 12 CFR 28. The following sections of regulations in 12 
CFR 28 produce reportable burden:
    Section 28.3 requires a national bank to notify the OCC when it 
takes certain actions regarding its foreign operations;
    Section 28.14 requires a designation of one branch or agency to 
maintain consolidated information;
    Section 28.15 requires a national bank to maintain records and to 
seek OCC approval before permitting withdrawal of certain foreign bank 
capital equivalency deposits;
    Section 28.16 contains recordkeeping requirements and allows a 
foreign bank to apply to the OCC for an exemption to permit an 
uninsured Federal branch to accept or maintain certain deposit 
accounts;
    Section 28.18 requires a Federal branch or agency to maintain 
records and to provide the OCC with a copy of certain reports filed 
with other Federal regulatory agencies;
    Section 28.20 requires a foreign bank to obtain OCC approval to 
maintain certain assets;
    Section 28.52 contains recordkeeping requirements and requires a 
banking institution to establish and maintain an Allocated Transfer 
Risk Reserve in certain circumstances; and
    Section 28.53 requires a banking institution to maintain records 
regarding its accounting for fees on international loans.
    These information collection requirements ensure bank compliance 
with applicable Federal law, further bank safety and soundness, provide 
protections for banks, and further public policy interests.
    Type of Review: Renewal of OMB approval without change.
    Affected Public: Businesses or other for-profit.
    Number of Respondents: 170.
    Total Annual Responses: 170.
    Frequency of Response: On occasion.
    Total Annual Burden Hours: 5,345.
    OCC Contact: Jessie Gates or Camille Dixon, (202)874-5090, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 250 E Street SW, Washington, DC 20219.
    OMB Reviewer: Alexander T. Hunt, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503.

Comments

    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, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: April 1, 1999.
Mark Tenhundfeld,
Assistant Director, Legislative & Regulatory Activities Division.
[FR Doc. 99-8784 Filed 4-7-99; 8:45 am]
BILLING CODE 4810-33-P