[Federal Register Volume 67, Number 163 (Thursday, August 22, 2002)]
[Notices]
[Pages 54528-54529]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-21424]


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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, ``Fiduciary Activities of 
National Banks--12 CFR part 9.''

DATES: You should submit written comments by October 21, 2002.

ADDRESSES: You should direct comments to the Communications Division, 
Office of the Comptroller of the Currency, Public Information Room, 
Mailstop 1-5, Attention: 1557-0140, 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 by mail to the OMB Desk 
Officer for the OCC: Joseph F. Lackey, Jr., Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503, or by e-mail to 
[email protected].

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: Fiduciary Activities of National Banks--12 CFR 9.
    OMB Number: 1557-0140.
    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.
    Under 12 U.S.C. 92a, the OCC regulates the fiduciary activities of 
national banks, including the administration of collective investment 
funds. The requirements in 12 CFR Part 9 enable the OCC to perform its 
responsibilities relating to the fiduciary activities of national banks 
and collective investment funds. The collections of information in Part 
9 are found in Secs. 9.8(b), 9.9(a) and (b), 9.17(a), 9.18(b)(1), 
9.18(b)(6)(ii), 9.18(b)(6)(iv), and 9.18(c)(5) as follows:
    Section 9.8(b) requires a national bank to maintain fiduciary 
records;
    Section 9.9(a) and (b) require a national bank to note the results 
of a fiduciary audit in the minutes of the board of directors;
    Section 9.17(a) requires a national bank that wants to surrender 
its fiduciary powers to file with the OCC a certified copy of the 
resolution of its board of directors;
    Section 9.18(b)(1) requires a national bank to establish and 
maintain each collective investment fund in accordance with a written 
plan;
    Section 9.18(b)(1) also requires a national bank to make the plan 
available for public inspection and to provide a copy of the plan to 
any person who requests it;
    Section 9.18(b)(6)(ii) requires a national bank to prepare a 
financial report of the fund;
    Section 9.18(b)(6)(iv) requires a national bank to disclose the 
financial report to investors and other interested persons; and
    Section 9.18(c)(5) requires a national bank to request OCC approval 
of special exemption funds.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 1,000.
    Estimated Total Annual Responses: 1,000.

[[Page 54529]]

    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 15,010 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: August 15, 2002.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 02-21424 Filed 8-21-02; 8:45 am]
BILLING CODE 4810-33-P