[Federal Register Volume 69, Number 69 (Friday, April 9, 2004)]
[Notices]
[Pages 19008-19009]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-8036]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

Office of Thrift Supervision

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury; 
Office of Thrift Supervision (OTS), Treasury; and Federal Deposit 
Insurance Corporation (FDIC).

ACTION: Notice of information collection to be submitted to OMB for 
review and approval under the Paperwork Reduction Act of 1995.

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SUMMARY: In accordance with requirements of the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the OCC, the OTS and the FDIC 
(collectively, the agencies) give notice that they plan to submit to 
the Office of Management and Budget (OMB) a request for OMB review and 
approval of an information collection titled ``Interagency Guidance on 
Asset Securitization Activities.'' The agencies may not conduct or 
sponsor, and a respondent is not required to respond to, an information 
collection unless it displays a currently valid control number.

DATES: Comments must be submitted on or before May 10, 2004.

ADDRESSES: You are invited to submit a comment to the OMB Desk Officer 
and any or all of the agencies. Please direct your comments as follows:
    OMB: Mark Menchik, Desk Officer, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503. Alternatively, you 
may send a comment by facsimile transmission to (202) 395-6974, or by 
electronic mail to [email protected].
    OCC: Communications Division, Office of the Comptroller of the 
Currency, 250 E Street, SW., Third Floor, Attention: 1557-0217, 
Washington, DC 20219. Alternatively, you may send a comment by 
facsimile transmission to (202) 874-5274, or by electronic mail to 
[email protected]. You can inspect and photocopy the comments 
at the OCC's Public Reference Room, 250 E Street, SW., Washington, DC, 
between 9 a.m. and 5 p.m. on business days. You can make an appointment 
to inspect the comments by calling (202) 874-5043.
    OTS: Information Collection Comments, Chief Counsel's Office, 
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, 
Attention: 1550-0104. You may fax your comments to (202) 906-6518, or 
e-mail them 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.
    FDIC: Steven F. Hanft, Paperwork Control Officer, Legal Division 
Room MB-3064, FDIC, 550 17th Street, NW., Washington, DC 20429, (202) 
898-3907, Attention: 3064-0137. You may also hand-deliver comments to 
the guard station at the rear of the 550 17th Street Building (located 
on F Street), on business days between 7 a.m. and 5 p.m., or fax 
comments to (202) 898-3838.

FOR FURTHER INFORMATION CONTACT:
    OCC: John Ference 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.
    OTS: Marilyn K. Burton, (202) 906-6467, Clearance Officer, Office 
of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.
    FDIC: Steven F. Hanft, (202) 898-3907, at the address listed 
earlier.

SUPPLEMENTARY INFORMATION:

[[Page 19009]]

    Title: Interagency Guidance on Asset Securitization Activities.
    OMB Numbers:
    OCC: 1557-0217.
    OTS: 1550-0104.
    FDIC: 3064-0137.
    Type of Review: Renewal, without change, of a currently approved 
collection.
    Estimate of Annual Burden:

    Estimated Number of Respondents:
    OCC: 42.
    OTS: 33.
    FDIC: 20.
    Estimated Responses per Respondent:
    OCC: 1 per year.
    OTS: 1 per year.
    FDIC: 1 per year.
    Estimated Total Annual Burden:
    OCC: 306 hours.
    OTS: 693 hours.
    FDIC: 149 hours.

    Abstract: The collection applies to institutions engaged in asset 
securitization and consists of a written asset securitization policy, 
the documentation of fair value of retained interests, and a management 
information system to monitor securitization activities. Institution 
management uses the collection as the basis for the safe and sound 
operation of their asset securitization activities. The agencies use 
the information to evaluate the quality of an institution's risk 
management practices.
    FURTHER INFORMATION: You may obtain information about this 
submission, including a copy of the Interagency Guidance, by calling or 
writing the appropriate agency contact.
    The Board of Governors of the Federal Reserve System has 
participated in the development and review of this information 
collection and will process its renewal of its information collection 
under its Paperwork Reduction Act delegated authority.
    COMMENTS ARE INVITED ON: (a) Whether the collections of information 
are necessary for the proper performance of the functions of the 
agencies, including whether the information has practical utility;
    (b) The accuracy of the agencies' estimates of the burden of the 
information collections;
    (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 the 
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: March 25, 2004.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.

    Dated: March 30, 2004.
    By the Office of Thrift Supervision.
Richard M. Riccobono,
Deputy Director.

    Dated in Washington, DC, this 25th day of March, 2004.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 04-8036 Filed 4-8-04; 8:45 am]
BILLING CODE 4810-33-P; 6720-01-P; 6714-01-P