[Federal Register Volume 69, Number 65 (Monday, April 5, 2004)]
[Notices]
[Pages 17736-17737]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-7641]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Submission for OMB Review; Comment Request--Securities Offering 
Disclosure

AGENCY: Office of Thrift Supervision (OTS), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The proposed information collection requirement described 
below has been submitted to the Office of Management and Budget (OMB) 
for review, as required by the Paperwork Reduction Act of 1995. OTS is 
soliciting public comments on the proposal.

DATES: Submit written comments on or before May 5, 2004.

ADDRESSES: Send comments, referring to the collection by title of the 
proposal or by OMB approval number, to OMB and OTS at these addresses: 
Joseph F. Lackey, Jr., Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10235, New Executive Office 
Building, Washington, DC 20503, or e-mail to [email protected]; and Information Collection Comments, Chief Counsel's 
Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, 
DC 20552, by fax to (202) 906-6518, or by e-mail to 
[email protected]. OTS will post comments and the 
related index on the OTS Internet Site at www.ots.treas.gov. In 
addition, interested persons may inspect comments at the Public Reading 
Room, 1700 G Street, NW., by appointment. To make an appointment, call 
(202) 906-5922, send an e-mail to [email protected], or send a 
facsimile transmission to (202) 906-7755.

FOR FURTHER INFORMATION CONTACT: To obtain a copy of the submission to 
OMB, contact Marilyn K. Burton at [email protected], (202) 
906-6467, or facsimile number (202) 906-6518, Regulations and 
Legislation Division, Chief Counsel's Office, Office of Thrift 
Supervision, 1700 G Street, NW., Washington, DC 20552.

SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an 
information collection, and respondents are not required to respond to 
an information collection, unless the information collection displays a 
currently valid OMB control number. As part of the approval process, we 
invite comments on the following information collection.
    Title of Proposal: Securities Offering Disclosure.
    OMB Number: 1550-0035.
    Form Numbers: SEC Forms S-1, S-2, S-3, S-4, S-8, SB-1, SB-2, 144 
and OTS Forms OC and G-12.
    Regulation requirement: 12 CFR part 563g.
    Description: OTS collects information for disclosure in securities 
offerings by savings associations related directly to U.S. Securities 
and Exchange Commission requirements for offering of information to 
potential securities purchasers. OTS's statutory authority for 
collecting this information is under the Home Owners' Loan Act of 1933, 
and is pursuant to an exemption from registration for savings 
associations in the Securities Act of 1933. The Securities Offering 
regulation, 12 CFR part 563g, sets standards for disclosure in 
connection with a purchase or sale of securities to provide information 
to shareholders and potential investors to make informed investment 
decisions and to reduce the risk of a fraudulent securities offering 
that could adversely affect the public or the safety and soundness of a 
savings association.
    In addition, on July 30, 2002, President Bush signed into law the 
Sarbanes-Oxley Act of 2002, Public Law No. 102-204 (2002) (the 
``Sarbanes-Oxley Act''). Titles III and IV of the Sarbanes-Oxley Act 
include a number of provisions that are designed to improve the 
corporate governance and financial disclosures of issuers that have a 
class

[[Page 17737]]

of securities registered under sections 12(b) or 12(g) of the Exchange 
Act, or that are required to file periodic reports with the SEC under 
section 15(d) of the Exchange Act. All registered savings associations 
are public issuers for purposes of the law.
    Type of Review: Extension, with revision, of a currently approved 
collection.
    Affected Public: Savings Associations.
    Estimated Number of Respondents: 15.
    Estimated Frequency of Response: On occasion.
    Estimated Total Burden: 994 hours.
    Clearance Officer: Marilyn K. Burton, (202) 906-6467, Office of 
Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.
    OMB Reviewer: Joseph F. Lackey, Jr., (202) 395-7316, Office of 
Management and Budget, Room 10235, New Executive Office Building, 
Washington, DC 20503.

    Dated: March 30, 2004.

    By the Office of Thrift Supervision.
Richard M. Riccobono,
Deputy Director.
[FR Doc. 04-7641 Filed 4-2-04; 8:45 am]
BILLING CODE 6720-01-P