[Federal Register Volume 66, Number 69 (Tuesday, April 10, 2001)]
[Notices]
[Page 18683]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-8736]


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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: 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, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). 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).

DATES: Written comments should be received on or before June 11, 2001, 
to be assured of consideration.

ADDRESSES: Direct all written comments to Three Financial Activities 
Regulation, Office of Financial Institutions Policy, 1500 Pennsylvania 
Ave., NW., Room SC37, Washington, DC 20220.

FOR FURTHER INFORMATION CONTACT: Edward J. DeMarco, Acting Director, 
Office of Financial Institutions Policy, (202) 622-2730, or Gary W. 
Sutton, Senior Banking Counsel, (202) 622-1976.

SUPPLEMENTARY INFORMATION:
    Title: Activities permitted under section 5136A(b((3) of the 
Revised Statutes.
    OMB Number: 1505-0179.
    CFR Cite: 12 CFR 1501.2.
    Abstract: Section 121 of the GLBA requires the Secretary of the 
Treasury (Secretary), in consultation with the Board of Governors of 
the Federal Reserve System, to define the extent to which three 
generally described 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 included within one of these categories of activities and 
is therefore financial in nature or incidental to a financial activity, 
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 within one of the three 
categories of activities and therefore is or is not financial in nature 
or incidental.
    Type of Review: Extension.
    Affected Public: National banks; other interested parties.
    Estimated Number of Respondents: 5.
    Estimated Time Per Respondent: 20 hours.
    Estimated Total Annual Burden Hours: 100 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: April 4, 2001.
Edward J. DeMarco,
Acting Director, Office of Financial Institutions Policy.
[FR Doc. 01-8736 Filed 4-9-01; 8:45 am]
BILLING CODE 4810-25-P