[Federal Register Volume 65, Number 54 (Monday, March 20, 2000)]
[Notices]
[Pages 15042-15043]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-6766]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Proposed Agency Information Collection Activities; Comment 
Request

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 comment on proposed and continuing 
information collections, as required by the Paperwork Reduction Act of 
1995, Public Law 104-13. Today, the Office of Thrift Supervision within 
the Department of the Treasury solicits comments on the Fiduciary 
Powers of Federal Savings Associations information collection package.

DATES: Submit written comments on or before May 19, 2000.

ADDRESSES: Send comments to Manager, Dissemination Branch, Information 
Management and Services Division, Office of Thrift Supervision, 1700 G 
Street, NW., Washington, DC 20552, Attention 1550-0037. Hand deliver 
comments to the 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-mails 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.

FOR FURTHER INFORMATION CONTACT: Nadine Y. Washington, Supervision, 
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, 
(202) 906-6706.

SUPPLEMENTARY INFORMATION:   
    Title: Fiduciary Powers of Federal Savings Associations.
    OMB Number: 1550-0037.
    Form Number: Not applicable.
    Abstract: Section 12 CFR part 550 requires Federal savings 
associations that want to exercise fiduciary powers to file an 
application containing information sufficient for adequate OTS review. 
Part 550 also requires Federal savings associations to keep adequate 
fiduciary records, including but not limited to, documentation of the 
establishment and termination of each fiduciary account; requires 
Federal Savings associations to note at least annually in the minutes 
of its Board of Directors' meeting the results of an audit (required at 
least once every calendar year) of its fiduciary activities; and 
requires Federal savings associations seeking to surrender their 
authority to exercise trust powers to file with the OTS a certified 
copy of the resolution of its Board of Directors evidencing that 
intent.
    Current Actions: OTS proposes to renew this information collection 
without revision.
    Type of Review: Renewal.
    Affected Public: Business or For Profit.
    Estimated Number of Respondents: 88.
    Estimated Time Per Respondent: 2.5 hours.
    Estimated Total Annual Burden Hours: 216 hours.
    Request for Comments: The OTS will summarize comments submitted in 
response to this notice or will include these comments in its request 
for OMB approval. All comments will become a matter of public record. 
The OTS invites comment 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

[[Page 15043]]

on respondents, including the use of automated collection techniques or 
other forms of information technology; and (e) estimates of capital or 
starting costs and costs of operation, maintenance, and purchase of 
services to provide information.

    Dated: March 14, 2000.
John E. Werner,
Director, Information & Management Services Division.
[FR Doc. 00-6766 Filed 3-17-00; 8:45 am]
BILLING CODE 6720-01-P