[Federal Register Volume 71, Number 116 (Friday, June 16, 2006)]
[Notices]
[Pages 35001-35002]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-9451]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Proposed Information 
Collection; 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

[[Page 35002]]

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, ``Bank Activities and 
Operations--12 CFR 7.''

DATES: You should submit written comments by August 15, 2006.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Public Information Room, Mailstop 1-5, Attention: 1557-0204, 
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, 1557-0204, 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 Dickerson, (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 proposing to extend OMB approval 
of the following information collection:
    Title: Bank Activities and Operations--12 CFR 7.
    OMB Number: 1557-0204.
    Description: This submission covers an existing regulation and 
involves no change to the regulation or to the information collection 
requirements. The OCC requests only that OMB approve its revised 
estimates.
    The information collection requirements ensure that national banks 
conduct their operations in a safe and sound manner and in accordance 
with applicable Federal banking statutes and regulations. The 
information is necessary for regulatory and examination purposes.
    The information collection requirements in part 7 are as follows:
     12 CFR 7.1000(d)(1) (National bank ownership of property--
Lease financing of public facilities): National bank lease agreements 
must provide that the lessee will become the owner of the building or 
facility upon the expiration of the lease.
     12 CFR 7.1014 (Sale of money orders at nonbanking 
outlets): A national bank may designate bonded agents to sell the 
bank's money orders at nonbanking outlets. The responsibility of both 
the bank and its agent should be defined in a written agreement setting 
forth the duties of both parties and providing for remuneration of the 
agent.
     12 CFR 7.2000(b) (Corporate governance procedures--Other 
sources of guidance): A national bank shall designate in its bylaws the 
body of law selected for its corporate governance procedures.
     12 CFR 7.2004 (Honorary directors or advisory boards): Any 
listing of a national bank's honorary or advisory directors must 
distinguish between them and the bank's board of directors or indicate 
their advisory status.
     12 CFR 7.2014(b) (Indemnification of institution-
affiliated parties--Administrative proceeding or civil actions not 
initiated by a Federal agency): A national bank shall designate in its 
bylaws the body of law selected for making indemnification payments.
     12 CFR 7.2024(a) Staggered terms for national bank 
directors--Any national bank may adopt bylaws that provide for the 
staggering the terms of its directors. National banks shall provide the 
OCC with copies of any bylaws so amended.
     12 CFR 7.2024(c) Size of bank board--A national bank 
seeking to increase the number of its directors must notify the OCC any 
time the proposed size would exceed 25 directors.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 1,300.
    Estimated Total Annual Responses: 1,300.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 418 hours.
    Comments submitted in response to this notice will be summarized 
and 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 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: June 12, 2006.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. E6-9451 Filed 6-15-06; 8:45 am]
BILLING CODE 6810-33-P