[Federal Register Volume 65, Number 23 (Thursday, February 3, 2000)]
[Notices]
[Pages 5392-5393]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-2400]


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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

[[Page 5393]]

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 Bank 
Activities and Operations--12 CFR 7. 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 March 6, 2000.

ADDRESSES:  You should send your written comments to the Communications 
Division, Attention: 1557-0204, 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 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: Bank Activities and Operations--12 CFR 7.
    OMB Number: 1557-0204.
    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.
    National banks need these collections of information to ensure that 
they conduct their operations in a safe and sound manner and in 
accordance with applicable federal banking statutes and regulations. 
The collections of information provide needed information for examiners 
and provide protections for national banks. The collections of 
information are necessary for regulatory and examination purposes and 
for national banks to ensure their compliance with federal law and 
regulations.
    The information requirements in 12 CFR part 7 are located as 
follows:
    12 CFR 7.1000(d)(1) (Lease financing of public facilities): The 
lease agreement must provide that the lessee will become the owner of 
the building or facility upon the expiration of the lease.
    12 CFR 7.1014 (Sale of money orders at nonbanking outlets): The 
written agreement between a national bank and bonded agent to sell the 
bank's money orders at a nonbanking outlet should define the 
responsibilities of both parties, set forth their respective duties, 
and provide for remuneration of the agent.
    12 CFR 7.2000(b) (Other sources of guidance for corporate 
governance procedures): A national bank shall designate in its bylaws 
the body of law selected for its corporate governance procedures.
    12 CFR 7.2004 (Honorary directors or advisory boards): Any listing 
of a national bank's honorary or advisory directors (who act in 
advisory capacities without voting power or the power of final decision 
in matters concerning bank business) must distinguish between them and 
the bank's board of directors, or indicate their advisory status.
    12 CFR 7.2014(b) (Indemnification of institution-affiliated parties 
in administrative proceedings or civil actions not initiated by a 
federal banking agency): A national bank shall designate in its bylaws 
the body of law selected for making indemnification payments in 
administrative proceedings or civil actions not initiated by a federal 
banking agency.
    National banks use the information to ensure their compliance with 
applicable federal banking law and regulations. Further, the 
collections of information evidence bank compliance with various 
regulatory requirements. This information assists bank management in 
the safe and sound operation of the bank. The OCC uses the information 
in the conduct of bank examinations and as an audit tool to verify bank 
compliance with law and regulations.
    Type of Review: Extension, without change, of a currently approved 
collection.
    Affected Public: Businesses or other for-profit.
    Number of Respondents: 1,600.
    Total Annual Responses: 1,600.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 480 burden hours.
    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 1557-0204, 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: January 28, 2000.
Mark J. Tenhundfeld,
Assistant Director, Legislative & Regulatory Activities Division.
[FR Doc. 00-2400 Filed 2-2-00; 8:45 am]
BILLING CODE 4810-33-P