[Federal Register Volume 64, Number 244 (Tuesday, December 21, 1999)]
[Notices]
[Pages 71547-71549]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-33045]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency
Office of Thrift Supervision

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Joint Comment Request

AGENCIES: Office of the Comptroller of the Currency (OCC), Office of 
Thrift Supervision (OTS), Treasury; Board of Governors of the Federal 
Reserve System (Board); and Federal Deposit Insurance Corporation 
(FDIC).

ACTION: Submission for OMB Review; Joint Comment Request.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (44 U.S.C. chapter 35), the OCC, the OTS, the Board, and 
the FDIC (collectively, the ``agencies'') hereby give notice that they 
plan to submit to the Office of Management and Budget (OMB) requests 
for review of the information collection systems described below. The

[[Page 71548]]

Agencies 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.
    On September 3, 1999, the agencies, under the auspices of the 
Federal Financial Institutions Examination Council (FFIEC), requested 
public comment for 60 days on the extension, without revision, of the 
following currently approved information collections: the Annual Report 
of Trust Assets (FFIEC 001) and the Annual Report of International 
Fiduciary Activities (FFIEC 006).

DATES: Comments must be submitted on or before January 20, 2000.

ADDRESSES: Interested parties are invited to submit written comments to 
any or all of the agencies. All comments should refer to the OMB 
control number(s) and will be shared among the agencies.
    OCC: Written comments on the FFIEC 001 and 006 should be submitted 
to the Communications Division, Office of the Comptroller of the 
Currency, 250 E Street, SW, Third Floor, Attention: 1557-0127 (FFIEC 
001 and 006). Washington, DC 20219. In addition, comments may be sent 
by facsimile transmission to (202) 874-5274, or by electronic mail to 
[email protected]. Comments will be available for inspection 
and photocopying at the OCC's Public Reference Room, 250 E Street, 
S.W., Washington, D.C. 20219 between 9:00 a.m. and 5:00 p.m. on 
business days. Appointments for inspection of comments may be made by 
calling (202) 874-5043.
    OTS: Written comments on the FFIEC 001 should be submitted to the 
Manager, Dissemination Branch, Information Management and Services 
Division, Office of Thrift Supervision, 1700 G Street, NW, Washington, 
DC 20552, Attention: 1550-0026. Hand deliver comments to Public 
Reference Room 1700 G Street, NW, lower level, from 9:00 a.m. to 4:00 
p.m. on business days. Send facsimile transmissions to FAX Number (202) 
906-7755; or (202) 906-6956 (if comments are over 25 pages). Send e-
mail to ``[email protected]'', and include your name and 
telephone number. Interested persons may inspect comments at the Public 
Reference Room, 1700 G St. NW, from 9:00 a.m. until 4:00 p.m. on 
business days.
    Board: Written comments on the FFIEC 001 and 006 should be 
addressed to Jennifer J. Johnson, Secretary, Board of Governors of the 
Federal Reserve System, 20th and C Streets, NW, Washington, DC 20551, 
or delivered to the Board's mail room between 8:45 a.m. and 5:15 p.m., 
and to the security control room outside of those hours. Both the mail 
room and the security control room are accessible from the courtyard 
entrance on 20th Street between Constitution Avenue and C Street, NW 
Comments received may be inspected in room M-P-500 between 9:00 a.m. 
and 5:00 p.m., except as provided in section 261.12 of the Board's 
Rules Regarding Availability of Information, 12 CFR 261.12(a).
    FDIC: Written comments on the FFIEC 001 should be addressed to 
Robert E. Feldman, Executive Secretary, Attention: Comments/OES, 
Federal Deposit Insurance Corporation, 550 17th Street, NW, Washington, 
DC 20429. Comments may be hand-delivered to the guard station at the 
rear of the 550 17th Street Building (located on F Street), on business 
days between 7:00 a.m. and 5:00 p.m. [FAX number (202) 898-3838; 
Internet address: [email protected]]. Comments may be inspected and 
photocopied in the FDIC Public Information Center, Room 100, 801 17th 
Street, NW, Washington, DC, between 9:00 a.m. and 4:30 p.m. on business 
days.
    A copy of the comments may also be submitted to the OMB desk 
officer for the agencies: Alexander T. Hunt, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
a copy of an agency's submission may be obtained by contacting:
    OCC: Jessie Gates, OCC Clearance Officer, 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.
    OTS: Mary Rawlings-Milton, OTS Clearance Officer, (202) 906-6028, 
Office of Thrift Supervision, 1700 G Street, NW, Washington, DC 20552.
    Board: Mary M. West, Chief, Financial Reports Section, (202) 452-
3829, Division of Research and Statistics, Board of Governors of the 
Federal Reserve System, 20th and C Streets, NW, Washington, D.C. 20551. 
Telecommunications Device for the Deaf (TDD) users may contact Diane 
Jenkins, (202) 452-3544, Board of Governors of the Federal Reserve 
System, 20th and C Streets, NW, Washington, DC 20551.
    FDIC: Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907, 
Office of the Executive Secretary, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC. 20429.

SUPPLEMENTARY INFORMATION:

Proposal to extend for three years without revision the following 
currently approved collections of information

    Report Title: Annual Report of Trust Assets and Annual Report of 
International Fiduciary Activities
    Form Number: FFIEC 001 and FFIEC 006
    Frequency of Response: Annual
    Affected Public: Business or other for profit
    For OCC:
    OMB Number: 1557-0127.
    Number of Respondents: 809 (FFIEC 001) 100 (FFIEC 006).
    Estimated Average Time per Response: 4.4 burden hours (FFIEC 001). 
4.0 burden hours (FFIEC 006).
    Estimated Total Annual Burden: 3,960 burden hours
    For OTS:
    OMB Number: 1557-0026.
    Number of Respondents: 101 (FFIEC 001).
    Estimated Average Time per Response: 4.08 burden hours (FFIEC 001).
    Estimated Total Annual Burden: 412 burden hours.
    For Board:
    OMB Number: 7100-0031.
    Number of Respondents: 511 (FFIEC 001), 116 (FFIEC 006).
    Estimated Average Time per Response: 3.82 burden hours (FFIEC 001), 
4.0 burden hours (FFIEC 006).
    Total Annual Burden: 2,416 burden hours.
    For FDIC:
    OMB Number: 3064-0024.
    Number of Respondents: 1,602 (FFIEC 001).
    Estimated Average Time per Response: 3.55 burden hours (FFIEC 001).
    Estimated Total Annual Burden: 5,683 burden hours (FFIEC 001).

General Description of Reports

    This information collection (FFIEC 001 and FFIEC 006) is mandatory: 
12 U.S.C. 161 and 1817 (for national banks), 12 U.S.C. 1464, 1725, 1730 
(for thrift institutions), 12 U.S.C. 248(a)(1) and (2) and 1844(c) (for 
state member banks and bank holding companies), and 12 U.S.C. 1817 (for 
insured state nonmember commercial and savings banks). The FFIEC 006, 
collected by the OCC and the Board, and Schedule E-Fiduciary Income 
Statement on the FFIEC 001, collected by all of the agencies, are given 
confidential

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treatment (5 U.S.C. 552(b)(8)). Small businesses (i.e., small banks) 
are not affected.

Abstract

    These interagency reports collect information on fiduciary asset 
totals and activities. They are used to monitor changes in the volume 
and character of discretionary trust activity and the volume of 
nondiscretionary trust activity and to determine resource needs for 
supervisory purposes. The data are also used for statistical and 
analytical purposes. No changes are proposed to the FFIEC 001 or the 
FFIEC 006 reporting forms or instructions.
    The agencies did not receive any comments in response to the notice 
published in the Federal Register on September 3, 1999 (64 FR 48453) 
requesting public comment on the extension, without revision, of these 
information collections.

Request for Comment

    Comments are invited on:
    a. Whether the information collections are necessary for the proper 
performance of the agencies' functions, including whether the 
information has practical utility;
    b. The accuracy of the agencies' estimates of the burden of the 
information collections, including the validity of the methodology and 
assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collections on 
respondents, including through 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.
    Comments submitted in response to this notice will be shared among 
the agencies. All comments will become a matter of public record. 
Written comments should address the accuracy of the burden estimates 
and ways to minimize burden including the use of automated collection 
techniques or the use of other forms of information technology as well 
as other relevant aspects of the information collection request.

    Dated: November 19, 1999.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division.
    Dated: December 14, 1999.
John E. Werner,
Director, Information & Management, Services, Office of Thrift 
Supervision.
    Board of Governors of the Federal Reserve System, December 16, 
1999.
Jennifer J. Johnson,
Secretary of the Board.

    Dated at Washington, DC, this 15th day of December, 1999.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 99-33045 Filed 12-20-99; 8:45 am]
BILLING CODE 4810-33-P; 6720-01-P; 6210-01-P; 6714-01-P