[Federal Register Volume 66, Number 136 (Monday, July 16, 2001)]
[Notices]
[Page 37094]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-17656]



[[Page 37094]]

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Proposed Extension of Information Collection; Comment Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, 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 a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995. The OCC is soliciting comment concerning its information 
collection titled, ``(MA)--Management Official Interlocks--12 CFR 26.''

DATES: You should submit written comments by September 14, 2001.

ADDRESSES: You should direct written comments to the Communications 
Division, Office of the Comptroller of the Currency, Public Information 
Room, Mailstop 1-5, Attention: 1557-0196, 250 E Street, SW., 
Washington, DC 20219. In addition, comments may be sent by facsimile 
transmission to (202) 874-4448, or by electronic mail to 
[email protected]. You can inspect and photocopy the comments 
at the OCC's Public Information Room, 250 E Street, SW., Washington, DC 
20219. You can make an appointment to inspect the comments by calling 
(202) 874-5043.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Jessie Dunaway, OCC Clearance Officer, 
or Camille Dixon, (202) 874-5090, Legislative and Regulatory Activities 
Division, 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: (MA)--Management Official Interlocks--12 CFR 26.
    OMB Number: 1557-0196.
    Description: The OCC is requesting comment on its proposed 
extension, without change, of the information collection titled, 
``(MA)-Management Official Interlocks--12 CFR 26.''
    Under the Interlocks Act, two competing depository institutions 
generally may not share management officials. However, the OCC has 
legal authority to implement exemptions to this general prohibition. 
This information collection is needed to prevent any management 
official interlock that would result in a monopoly or substantial 
lessening of competition, and to foster competition between 
unaffiliated institutions. The OCC uses the information to ensure that 
a proposed management interlock is permitted under statute, is eligible 
for an exemption, and does not have an anticompetitive effect. The OCC 
also uses the information to determine whether it can share a 
management official with a competing depository institution.
    Type of Review: Extension of OMB approval.
    Affected Public: Businesses or other for-profit (national banks).
    Estimated Number of Respondents: 7.
    Estimated Total Annual Responses: 7.
    Frequency of Response: On occasion.
    Estimated Time per Respondent: 4 hours.
    Estimated Total Annual Burden: 29 hours.
    An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless the 
information collection displays a currently valid OMB control number.
    Comments submitted in response to this notice will be summarized 
and 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 has 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 on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: July 9, 2001.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 01-17656 Filed 7-13-01; 8:45 am]
BILLING CODE 4810-33-P