[Federal Register Volume 69, Number 247 (Monday, December 27, 2004)]
[Notices]
[Page 77321]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-28209]


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DEPARTMENT OF THE TREASURY


Office of the Undersecretary for Domestic Finance; Proposed 
Collection; Comment Request

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the Office of the Under Secretary for 
Domestic Finance of the Department of the Treasury is soliciting 
comments concerning requests for its determination that certain 
activities are financial in nature pursuant to the Gramm-Leach-Bliley 
Act, Public Law 106-102, 113 Stat. 1338 (GLBA).

DATES: Written comments should be received on or before February 25, 
2005, to be assured of consideration.

ADDRESSES: Direct all written comments to Three Financial Activities 
Regulation, Office of Financial Institutions Policy, 1500 Pennsylvania 
Ave., NW., Room 3160 Treasury Annex, Washington, DC 20220.

FOR FURTHER INFORMATION CONTACT: Mario Ugoletti, Director, Office of 
Financial Institutions Policy (202) 622-0715, or Gary W. Sutton, Senior 
Banking Counsel, (202) 622-1976.

SUPPLEMENTARY INFORMATION:
    Title: Activities permitted under section 5136A(b)(1) of the 
Revised Statutes.
    OMB Number: 1505-0174.
    CFR Cite: 12 CFR 1501.2.
    Abstract: Section 121 of the GLBA authorizes the Secretary of the 
Treasury (Secretary), in consultation with the Board of Governors of 
the Federal Reserve System, to determine whether activities are 
financial in nature or incidental to a financial activity, and 
therefore permissible for a financial subsidiary of a national bank. 
National banks and other interested parties may submit requests that 
the Secretary determine that an activity is financial in nature or 
incidental to a financial activity, including in such request 
information to enable the Secretary to make such a determination.
    Current Actions: The Secretary may notify those requesting such a 
determination that an activity is or is not financial in nature or 
incidental.
    Type of Review: Extension.
    Affected Public: National banks; other interested parties.
    Estimated Number of Respondents: 2.
    Estimated Time Per Respondent: 20 hours.
    Estimated Total Annual Burden Hours: 40 hours.

Request for Comments

    Comments submitted in response to this notice will be summarized 
and/or 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 shall 
have 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 of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and (e) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services to provide information.

    Dated: December 16, 2004.
Lois K. Holland,
Treasury PRA Clearance Officer.
[FR Doc. 04-28209 Filed 12-23-04; 8:45 am]
BILLING CODE 4810-25-P