[Federal Register Volume 67, Number 33 (Tuesday, February 19, 2002)]
[Notices]
[Pages 7452-7453]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-3938]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: 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. An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless it displays a 
currently valid OMB control number. The OCC is soliciting comment 
concerning its information collection titled, ``(MA)-Securities 
Offering Disclosure Rules (12 CFR 16).''

DATES: You should submit written comments by April 22, 2002.

ADDRESSES: You should direct comments to the Communications Division, 
Office of the Comptroller of the Currency, Public Information Room, 
Mailstop 1-5, Attention: 1557-0120, 250 E Street, SW., Washington, DC 
20219. Due to recent, temporary disruptions in the OCC's mail service, 
commenters are encouraged to submit comments by fax or e-mail. Comments 
may be sent by fax to (202) 874-4448, or by e-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.
    A copy of the comments should also be sent to the OMB Desk Officer 
for the OCC: Alexander T. Hunt, Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
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)-Securities Offering Disclosure Rules (12 CFR 16).
    OMB Number: 1557-0120.
    Description: This submission covers an existing regulation and 
involves no change to the regulation or to the information collection. 
The OCC requests only that OMB extend its approval of the information 
collection.
    The requirements in 12 CFR part 16 enable the OCC to perform its 
responsibilities relating to offerings of securities by national banks 
by providing the investing public with facts about the condition of the 
bank, the reasons for raising new capital, and the terms of the 
offering. Part 16 requires national banks to conform generally to 
Securities and Exchange Commission rules.
    The collections of information in part 16 are as follows:
    Sections 16.3 and 16.15 require a national bank to file its 
registration statement with the OCC.

[[Page 7453]]

    Section 16.4 requires a national bank to submit certain 
communications not deemed an offer to the OCC.
    Section 16.5 provides an exemption for items that satisfy the 
requirements of SEC Rule 144, which, in turn, requires certain filings.
    Section 16.6 requires a national bank to file documents with the 
OCC and to make certain disclosures to purchasers in sales of 
nonconvertible debt.
    Section 16.7 requires a national bank to file a notice with the 
OCC.
    Section 16.8 requires a national bank to file offering documents 
with the OCC.
    Section 16.15 requires a national bank to file a registration 
statement and sets forth content requirements for the registration 
statement.
    Section 16.17 requires a national bank to file four copies of each 
document filed under part 16, and requires filers of amendments or 
revisions to underline or otherwise indicate clearly any changed 
information.
    Section 16.18 requires a national bank to file an amended 
prospectus when the information in the current prospectus becomes 
stale, or when a change in circumstances makes the current prospectus 
incorrect.
    Section 16.19 requires a national bank to submit a request to the 
OCC if it wishes to withdraw a registration statement, amendment, or 
exhibit.
    Section 16.20 requires a national bank to file current and periodic 
reports as requires by sections 12 and 13 of the Exchange Act (15 
U.S.C. 78l and m) and SEC Regulation 15d (17 CFR 240.15d-1 through 
240.15Aa-1).
    Section 16.30 requires a national bank to include certain elements 
and follow certain procedures in any request to the OCC for a no-
objection letter.
    These information collection requirements ensure bank compliance 
with applicable Federal law, further bank safety and soundness, provide 
protections for banks, and further public policy interests.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 101.
    Estimated Total Annual Responses: 101.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 2,333 hours.
    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: February 12, 2002.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 02-3938 Filed 2-15-02; 8:45 am]
BILLING CODE 4810-33-P