[Federal Register Volume 69, Number 247 (Monday, December 27, 2004)]
[Notices]
[Page 77322]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-28211]


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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 requirements for merchant banking investments 
authorized 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 OMB, Attention: Desk Officer 
for the Department of the Treasury, Office of Information and 
Regulatory Affairs, Washington, DC 20503.

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: Merchant banking investments permitted under 12 U.S.C. 
1843(k)(4)(H).
    OMB Number: 1505-0182.
    CFR Cite: 12 CFR 1500.
    Abstract: Section 103 of the GLBA amended the Bank Holding Company 
Act to authorize financial holding companies to make merchant banking 
investments. The Board of Governors of the Federal Reserve System and 
the Secretary of the Treasury have jointly issued a final rule 
governing these investments, including recordkeeping and reporting 
requirements.
    Current Actions: Financial holding companies conducting merchant 
banking investments maintain records and file reports pursuant to the 
joint final rule.
    Type of Review: Extension.
    Affected Public: Financial holding companies.
    Estimated Number of Respondents: 450.
    Estimated Time Per Respondent: 50 hours.
    Estimated Total Annual Burden Hours: 22,500 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. 04-28211 Filed 12-23-04; 8:45 am]
BILLING CODE 4810-25-P