[Federal Register Volume 65, Number 165 (Thursday, August 24, 2000)]
[Notices]
[Page 51646]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-21609]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Submission for OMB Review; Comment Request

August 18, 2000.
    The Office of Thrift Supervision (OTS) has submitted the following 
public information collection requirement(s) to OMB for review and 
clearance under the Paperwork Reduction Act of 1995, Public Law 104-13. 
Interested persons may obtain copies of the submission(s) by calling 
the OTS Clearance Officer listed. Send comments regarding this 
information collection to the OMB reviewer listed and to the OTS 
Clearance Officer, Office of Thrift Supervision, 1700 G Street, NW., 
Washington, DC 20552.

DATES: Submit written comments on or before September 25, 2000.
    OMB Number: 1550-0037.
    Form Number: OTS Form 1240.
    Type of Review: Regular.
    Title: Fiduciary Powers of Federal Savings Associations.
    Description: 2 CFR part 550 required 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 the 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 fiduciary powers to file with the OTS a certified 
copy of the resolution of its Board of Directors evidencing that 
intent.
    Respondents: Savings and Loan Associations and Savings Banks.
    Estimated Number of Responses: 88.
    Estimated Burden Hours Per Response: 3 hours.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 261 hours.
    Clearance Officer: Ralph E. Maxwell, (202) 906-7740, Office of 
Thrift Supervision, 1700 Street, NW., Washington, DC 20552.
    OMB Reviewer: Alexander Hunt, (202) 395-7860, Office of Management 
and Budget, Room 10202, New Executive Office Building, Washington, DC 
20503.

John E. Werner,
Director, Information and Management Services.
[FR Doc. 00-21609 Filed 8-23-00; 8:45 am]
BILLING CODE 6720-01-P