[Federal Register Volume 67, Number 115 (Friday, June 14, 2002)]
[Notices]
[Pages 40982-40983]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-15068]


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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, ``International Regulation--12 CFR 28.'' The OCC also gives 
notice that it has sent the information collection to OMB for review 
and approval.

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: 1557-0102, 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.

[[Page 40983]]


SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval 
of the following information collection:
    Title: International Regulation--12 CFR 28.
    OMB Number: 1557-0102.
    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 OCC's regulations at 12 CFR part 28 implement 
requirements imposed on national banks and Federal branches and 
agencies concerning international activities. The information 
collections in part 28 that are covered by this notice are as follows:
    Section 28.3 requires a national bank to notify the OCC when it 
takes certain actions regarding its foreign operations.
    Section 28.14 requires a foreign bank to designate one Federal 
branch or agency to maintain consolidated information for purposes of 
monitoring compliance with limitations based upon capital.
    Section 28.15 requires a foreign bank with a Federal branch or 
agency to maintain records regarding its capital equivalency deposit 
(CED), including agreements entered into with the OCC and a depository 
bank regarding the CED, and liabilities requiring CED coverage. Section 
28.15 also requires a foreign bank to apply to the OCC for exceptions 
to its rules regarding the CED.
    Section 28.16 requires an uninsured Federal branch to maintain 
records regarding its deposits, such as the average of its deposits 
during the last 30 days, if the Federal branch seeks to accept deposits 
from types of depositors that are not listed in the regulation. Section 
28.16 also requires a foreign bank to apply to the OCC for an exemption 
allowing its uninsured Federal branch to accept or maintain types of 
deposit accounts not listed in the regulation.
    Section 28.18 requires a Federal branch or agency to comply with 
the record keeping and reporting requirements that apply to a national 
bank, as well as any additional requirements that may be prescribed by 
the OCC. It requires a Federal branch or agency to maintain records of 
its transactions separate from those of the parent foreign bank or 
other branches and agencies of that bank. It also requires the Federal 
branch or agency to provide the OCC with a copy of certain reports 
filed with other Federal regulatory agencies.
    Section 28.20 requires a foreign bank that is subject to an asset 
maintenance requirement to keep records of assets maintained in the 
state in which the Federal branch or agency is located and records of 
liabilities on which the asset maintenance requirement is based.
    Section 28.52 requires a national bank or District of Columbia bank 
to maintain records regarding any allocated transfer risk reserve for 
specified international assets.
    Section 28.53 requires a national bank or District of Columbia bank 
to maintain records regarding its accounting for fees and 
administrative costs on restructured international loans.
    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/Recordkeepers: 79.
    Estimated Total Annual Responses: 130.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 4,625 hours.

    Dated: June 7, 2002.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 02-15068 Filed 6-13-02; 8:45 am]
BILLING CODE 4810-33-P