[Federal Register Volume 71, Number 6 (Tuesday, January 10, 2006)]
[Notices]
[Pages 1585-1586]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-199]


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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 it displays a 
currently valid OMB control number. The OCC is soliciting comment 
concerning its information collection titled, ``Fiduciary Activities of 
National Banks--12 CFR part 9.'' The OCC also gives notice that it has 
sent the information collection to OMB for review and approval.

DATES: You should submit written comments by February 9, 2006.

ADDRESSES: You should direct your comments to:
    Communications Division, Office of the Comptroller of the Currency, 
Public Information Room, Mailstop 1-5, Attention: 1557-0140, 250 E 
Street, SW., Washington, DC 20219. In addition, comments may be sent by 
fax to (202) 874-4448, or by electronic 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.
    Additionally, you should send a copy of your comments to OCC Desk 
Officer, 1557-0140, by mail to U.S. Office of Management and Budget, 
725, 17th Street, NW., 10235, Washington, DC 20503, or by fax 
to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Mary Gottlieb, 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 requesting OMB approval for a 
revision to 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 approve its revised estimate of the 
burden and 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, 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 requires a national bank to maintain fiduciary records;
    Section 9.9(a) and (b) require a national bank to note the results 
of a 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

[[Page 1586]]

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: Revision of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 580.
    Estimated Total Annual Responses: 1,177,492.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 309,825 hours.
    On October 26, 2005, the OCC published in the Federal Register (70 
FR 61880) a notice concerning the renewal of this information 
collection. The OCC received no public comments and is now submitting 
its request to OMB for approval. Comments continue to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information has 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 on 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: January 3, 2006.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 06-199 Filed 1-9-06; 8:45 am]
BILLING CODE 4810-33-P