[Federal Register Volume 65, Number 144 (Wednesday, July 26, 2000)]
[Notices]
[Page 46041]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-18910]



[[Page 46041]]

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DEPARTMENT OF THE TREASURY


Office of the Under Secretary for Domestic Finance; Proposed 
Collection; Comment Request

ACTION: Notice and request for comments.

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SUMMARY: Currently, the Office of the Under Secretary for Domestic 
Finance of the Department of the Treasury is soliciting comments 
concerning requests for its determination that certain activities are 
financial in nature pursuant to the Gramm-Leach-Bliley Act, Public Law 
106-102, 113 Stat. 1338 (GLBA). 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 take this 
opportunity to comment on proposed and/or continuing information 
collections for such determinations, as required by the Paperwork 
Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).

DATES: Written comments should be received on or before September 25, 
2000, to be assured of consideration.

ADDRESSES: Direct all written comments to New Financial Activities 
Request, Office of Financial Institutions Policy, 1500 Pennsylvania 
Ave., N.W., Room SC37, Washington, D.C. 20220.

FOR FURTHER INFORMATION CONTACT: Joan Affleck-Smith, Director, Office 
of Financial Institutions Policy, (202) 622-0191, or Gary Sutton, 
Senior Banking Counsel, (202) 622-1976.

SUPPLEMENTARY INFORMATION:
    Title: Requests for Determination of Activities Financial in 
Nature.
    OMB Number: 1505-0174.
    CFR Cite: 12 CFR 1501.1.
    Abstract: Section 121 of the GLBA authorizes the Secretary of the 
Treasury (Secretary), in consultation with the Board of Governors of 
the Federal Reserve System, to determine whether activities are 
financial in nature or incidental to a financial activity, and 
therefore permissible for a financial subsidiary of a national bank. 
National banks and other interested parties may submit requests that 
the Secretary determine that an activity is financial in nature, 
including in such request information to enable the Secretary to make 
such a determination.
    Current Actions: The Secretary may notify those requesting such a 
determination that an activity is or is not financial in nature.
    Type of Review: Extension.
    Affected Public: National banks; other interested parties.
    Estimated Number of Respondents: 20.
    Estimated Time Per Respondent: 20 hours.
    Estimated Total Annual Burden Hours: 400 hours.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. 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 of 
information 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.

    Dated: July 20, 2000.
Joan Affleck-Smith,
Director, Office of Financial Institutions Policy.
[FR Doc. 00-18910 Filed 7-25-00; 8:45 am]
BILLING CODE 4810-25-P