[Federal Register Volume 73, Number 156 (Tuesday, August 12, 2008)]
[Notices]
[Pages 46984-46985]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-18545]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Management Official Interlocks

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 Office of Thrift Supervision 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 October 14, 2008.

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. and 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 Patricia D. Goings, 
(202) 906-5668, 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: Management Official Interlocks.
    OMB Number: 1550-0051.
    Form Numbers: N/A.
    Regulation Requirement: 12 CFR part 563f.
    Description: The purpose of the Depository Institution Management 
Interlocks Act is to foster competition

[[Page 46985]]

by generally prohibiting a management official from serving two 
unaffiliated depository organizations in situations where the 
management interlock would likely have an anticompetitive effect. 12 
U.S.C. 3201-3208. This applies to service as a management official of 
an institution, savings and loan association, and affiliates of either.
    OTS regulations set forth several interlocking relationships that 
are prohibited. 12 CFR part 563f. Generally, a management official of a 
depository institution or depository holding company may not serve as a 
management official of an unaffiliated depository institution or 
depository holding company if the entities in question (or a depository 
institution affiliate thereof) have offices in the same community or 
metropolitan statistical area or are of a certain asset size.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 829.
    Estimated Number of Responses: 829.
    Estimated Frequency of Response: On occasion.
    Estimated Total Burden: 4,235 hours.
    Clearance Officer: Ira L. Mills, (202) 906-6531, Office of Thrift 
Supervision, 1700 G Street, NW., Washington, DC 20552.

    Dated: August 5, 2008.
Deborah Dakin,
Senior Deputy Chief Counsel, Regulations and Legislation Division.
[FR Doc. E8-18545 Filed 8-11-08; 8:45 am]
BILLING CODE 6720-01-P