[Federal Register Volume 73, Number 47 (Monday, March 10, 2008)]
[Notices]
[Pages 12799-12800]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-4624]


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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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[[Page 12800]]

SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies 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 Office of Management 
and Budget (OMB) control number. The OCC is soliciting comment 
concerning its information collection titled, ``(MA)--Management 
Official Interlocks--12 CFR 26.''

DATES: You should submit written comments by May 9, 2008.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Public Information Room, Mail Stop 1-5, Attention: 1557-0196, 
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 may personally inspect and photocopy 
comments at the OCC's Public Information Room, 250 E Street, SW., 
Washington, DC. For security reasons, the OCC requires that visitors 
make an appointment to inspect comments. You may do so by calling (202) 
874-5043. Upon arrival, visitors will be required to present valid 
government-issued photo identification and submit to security screening 
in order to inspect and photocopy comments.
    Additionally, you should send a copy of your comments to OCC Desk 
Officer, 1557-0196, 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, (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: (MA)--Management Official Interlocks--12 CFR 26.
    OMB Control Number: 1557-0196.
    Description: Under the Interlocks Act, two competing depository 
institutions generally may not share management officials. However, the 
OCC has legal authority to implement exemptions to this general 
prohibition. One such prohibition prohibits a management official of a 
depository organization from serving at the same time as a management 
official of an unaffiliated depository organization if the depository 
organizations in question (or a depository institution affiliate 
thereof) have offices in the same relevant metropolitan statistical 
area and each depository organization has total assets of $20 million 
or more. Section 610 of the Financial Services Regulatory Relief Act of 
2006 (12 U.S.C. 3202(1)) raises the total asset threshold of the 
depository organization to $50 million. The change was effective as of 
October 13, 2006 and adopted by the OCC on January 11, 2007. This 
submission covers this change.
    The information is needed to prevent any management official 
interlock that would result in a monopoly or substantial lessening of 
competition. The OCC needs the information to grant exemptions that 
foster competition between unaffiliated institutions.
    The OCC uses the information to ensure that a proposed management 
interlock is permitted under statute, is eligible for an exemption 
under section 2210(c) of the Economic Growth and Regulatory Paperwork 
Reduction Act of 1996 (12 U.S.C. 3207), and does not have an 
anticompetitive effect.
    Type of Review: Regular Review.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 2.
    Estimated Total Annual Responses: 2.
    Estimated Frequency of Response: On occasion.
    Estimated Time per Respondent: 2 hours.
    Estimated Total Annual Burden: 4 hours.
    An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless the 
information collection displays a currently valid OMB control number.
    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: March 4, 2008.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
 [FR Doc. E8-4624 Filed 3-7-08; 8:45 am]
BILLING CODE 4810-33-P