[Federal Register Volume 67, Number 115 (Friday, June 14, 2002)]
[Notices]
[Pages 40981-40982]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-15067]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Submission for OMB 
Review; 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 the 
information collection 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.'' The 
OCC also gives notice that it has sent the information collection to 
OMB for review and approval.

[[Page 40982]]


DATES: You should submit your comments to the OCC and the OMB Desk 
Officer by July 15, 2002.

ADDRESSES: You should direct comments to:
    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.
    Alexander T. Hunt, OMB Desk Officer for the OCC, 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 
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)-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.
    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 (national banks).
    Estimated Number of Respondents: 101.
    Estimated Total Annual Responses: 101.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 2,333 hours.

    Dated: May 29, 2002.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 02-15067 Filed 6-13-02; 8:45 am]
BILLING CODE 4810-33-P