[Federal Register Volume 67, Number 249 (Friday, December 27, 2002)]
[Notices]
[Pages 79242-79243]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-32720]


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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, ``Fiduciary Activities of National Banks--12 CFR 9.'' 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 January 27, 2003.

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 delays in paper mail in the Washington area, 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.
    Joseph F. Lackey, Jr., OMB Desk Officer for the OCC, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
New Executive Office Building, Room 10235, 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: 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 Sec. Sec.  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

[[Page 79243]]

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: 842.
    Estimated Total Annual Responses: 842.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 9,414 hours.

    Dated: December 20, 2002.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 02-32720 Filed 12-26-02; 8:45 am]
BILLING CODE 4810-33-P