[Federal Register Volume 72, Number 176 (Wednesday, September 12, 2007)]
[Notices]
[Page 52198]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-18030]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Proposed Agency Information Collection Activities; Comment 
Request-Statement on Sound Practices Concerning Complex Structured 
Finance Activities

AGENCY: Office of Thrift Supervision (OTS), Treasury.

ACTION: Notice and request for comment.

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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 comment on proposed and continuing 
information collections, as required by the Paperwork Reduction Act of 
1995, 44 U.S.C. 3507. The OTS within the Department of the Treasury 
will submit the proposed information collection requirement described 
below to the Office of Management and Budget (OMB) for review, as 
required by the Paperwork Reduction Act. Today, OTS is soliciting 
public comments on its proposal to extend this information collection.

DATES: Submit written comments on or before November 13, 2007.

ADDRESSES: Send comments, referring to the collection by title of the 
proposal or by OMB approval number, to Information Collection Comments, 
Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street, 
NW., Washington, DC 20552; send a facsimile transmission to (202) 906-
6518; or send an e-mail to [email protected]. OTS 
will post comments and the related index on the OTS Internet Site at 
http://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 public.info@ots.treas.gov">public.info@ots.treas.gov, or send a facsimile transmission to 
(202) 906-7755.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
about this proposed information collection from Debbie Merkle, Project 
Manager, (202) 906-5688, Office of Thrift Supervision, 1700 G Street, 
NW., Washington, DC 20552.

SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an 
information collection, and respondents are not required to respond to 
an information collection, unless the information collection displays a 
currently valid OMB control number. As part of the approval process, we 
invite comments on the following information collection.
    Comments should address one or more of the following points:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the functions of OTS;
    b. The accuracy of OTS's estimate of the burden of the proposed 
information collection;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of the information collection on 
respondents, including through the use of information technology.
    We will summarize the comments that we receive and include them in 
the OTS request for OMB approval. All comments will become a matter of 
public record. In this notice, OTS is soliciting comments concerning 
the following information collection.
    Title of Proposal: Statement on Sound Practices Concerning Complex 
Structured Finance Activities.
    OMB Number: 1550-0111.
    Form Number: N/A.
    Description: The Statement on Sound Practices Concerning Complex 
Structured Finance Activities describes the types of internal controls 
and risk management procedures that the OTS believes are particularly 
effective in assisting financial institutions to identify and address 
the reputational, legal and other risks associated with complex 
structured finance transactions.
    Type of Review: Extension without change to a currently approved 
collection.
    Affected Public: Business or other for profit.
    Estimated Number of Respondents: 5.
    Estimated Frequency of Response: On occasion.
    Estimated Burden Hours per Response: 25 hours.
    Estimated Total Burden: 125 hours.
    Clearance Officer: Ira L. Mills, (202) 906-6531, Office of Thrift 
Supervision, 1700 G Street, NW., Washington, DC 20552.

    Dated: September 7, 2007.
Deborah Dakin,
Senior Deputy Chief Counsel, Regulations and Legislation Division.
[FR Doc. E7-18030 Filed 9-11-07; 8:45 am]
BILLING CODE 6720-01-P