[Federal Register Volume 64, Number 230 (Wednesday, December 1, 1999)]
[Notices]
[Pages 67369-67370]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-31207]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: 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 an extension, without change, of 
an information collection titled Recordkeeping Requirements for 
Securities Transactions--12 CFR 12. The OCC also gives notice that it 
has sent the information collection to OMB for review.

DATES: You should submit your written comments to both OCC and the OMB 
Reviewer by January 3, 2000.

ADDRESSES: You should send your written comments to the Communications 
Division, Attention: 1557-0142, Third Floor, Office of the Comptroller 
of the Currency, 250 E Street, SW, Washington, DC 20219. In addition, 
you can send comments by facsimile transmission to (202) 874-5274, or 
by electronic mail to [email protected].

FOR FURTHER INFORMATION CONTACT: You may request additional 
information, a copy of the collection, or a copy of the supporting 
documentation submitted to

[[Page 67370]]

OMB by contacting Jessie Dunaway or Camille Dixon, (202) 874-5090, 
Legislative and Regulatory Activities Division (1557-0200), Office of 
the Comptroller of the Currency, 250 E Street, SW, Washington, DC 
20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval 
of the following information collection:
    Title: Recordkeeping Requirements for Securities Transactions--12 
CFR 12.
    OMB Number: 1557-0142.
    Form Number: None.
    Abstract: This submission covers an existing regulation and 
involves no change to the regulation or to the information collections 
embodied in the regulation. The OCC requests only that OMB renew its 
approval of the information collections in the current regulation.
    The information collection is required to ensure national bank 
compliance with securities laws and to improve the protection afforded 
persons who purchase and sell securities through banks. The transaction 
confirmation information provides customers with a record regarding the 
transaction and provides banks and the OCC with records to ensure bank 
compliance with banking and securities law and regulations. The OCC 
uses the required information in its examinations to, among other 
things, evaluate the bank's compliance with the antifraud provisions of 
the Federal securities laws.
    The requirements in 12 CFR part 12 are located as follows:
    Recordkeeping requirements: 12 CFR 12.3(a).
    Notification of transaction to customer: 12 CFR 12.4.
    Notification by agreement: 12 CFR 12.5(a), (b), (c), and (e).
    Securities trading policies: 12 CFR 12.7(a).
    Report by bank officers and employees: 12 CFR 12.7(a) and (b).
    Waiver request: 12 CFR 12.8.
    Type of Review: Extension, without change, of a currently approved 
collection.
    Affected Public: Businesses or other for-profit.
    Number of Respondents: 745.
    Total Annual Responses: 745.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 3,913.
    OCC Contact: Jessie Dunaway or Camille Dixon, (202) 874-5090, 
Legislative and Regulatory Activities Division, OMB No. 1557-0142, 
Office of the Comptroller of the Currency, 250 E Street SW, Washington, 
DC 20219.
    OMB Reviewer: Alexander Hunt, (202) 395-7340, Paperwork Reduction 
Project 1557-0142, Office of Management and Budget, Room 10226, New 
Executive Office Building, Washington, DC 20503.

Comments

    Your comment will become a matter of public record. You are invited 
to comment on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information has practical utility;
    (b) Whether the OCC's burden estimate is accurate;
    (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) Whether the OCC's estimates of 
the capital or startup costs and costs of operation, maintenance, and 
purchase of services to provide information are accurate.

    Dated: November 24, 1999.
Mark Tenhundfeld,
Assistant Director,
Legislative & Regulatory Activities Division.
[FR Doc. 99-31207 Filed 11-30-99; 8:45 am]
BILLING CODE 4810-33-P