[Federal Register Volume 74, Number 221 (Wednesday, November 18, 2009)]
[Notices]
[Pages 59603-59604]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-27672]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Privacy of Consumer Financial Information

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

ACTION: Notice and request for comment.

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SUMMARY: The proposed information collection request (ICR) described 
below has been submitted to the Office of Management and Budget (OMB) 
for review and approval, as required by the Paperwork Reduction Act of 
1995. OTS is soliciting public comments on the proposal.

DATES: Submit written comments on or before December 18, 2009. A copy 
of this ICR, with applicable supporting documentation, can be obtained 
from RegInfo.gov at: http://www.reginfo.gov/public/do/PRAMain.

ADDRESSES: Send comments, referring to the collection by title of the 
proposal or by OMB approval number, to OMB and OTS at these addresses: 
Office of Information and Regulatory Affairs, Attention: Desk Officer 
for OTS, U.S. Office of Management and Budget, 725--17th Street, NW., 
Room 10235, Washington, DC 20503, or by fax to (202) 395-6974; and 
Information Collection Comments, Chief Counsel's Office, Office of 
Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, by fax to 
(202) 906-6518, or by 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: For further information or to obtain a 
copy of the submission to OMB, please contact Ira L. Mills at, 
[email protected] (202) 906-6531, or facsimile number (202) 906-
6518, Regulations and Legislation Division, Chief Counsel's Office, 
Office of Thrift

[[Page 59604]]

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.
    Title of Proposal: Privacy of Consumer Financial Information.
    OMB Number: 1550-0103.
    Form Number: N/A.
    Regulation requirement: 12 CFR part 573.
    Description: These information collections are required under 
section 504 of the Gramm-Leach-Bliley Act (Act), Public Law 106-102. 
Section 502 of the Act prohibits a financial institution from 
disclosing nonpublic personal information about a consumer to 
nonaffiliated third parties unless the institution satisfies various 
disclosure requirements (i.e., provides a privacy notice and opt out 
notice) and the consumer has not elected to opt out of the disclosure. 
Section 504 requires the Office of Thrift Supervision, as well as the 
Office of the Comptroller of the Currency, Board of Governors of the 
Federal Reserve System, Federal Deposit Insurance Corporation, National 
Credit Union Administration, Federal Trade Commission, and Securities 
and Exchange Commission to issue regulations as necessary to implement 
the notice requirements and restrictions.
    Consumers use the privacy notice information to determine whether 
they want personal information disclosed to third parties that are not 
affiliated with the institution. Further, consumers use the opt-out 
notice mechanism to advise the institution of their wishes regarding 
disclosure of their personal information. Institutions use the opt-out 
information to determine the wishes of their consumers and to act 
appropriately.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 68,378.
    Estimated Burden Hours per Response: 80 hours for de novos and 
acquisitions: 8 hours for institutions; and .5 hours for customers.
    Estimated Frequency of Response: On occasion.
    Estimated Total Burden: 44,543 hours.
    Clearance Officer: Ira L. Mills, (202) 906-6531, Office of Thrift 
Supervision, 1700 G Street, NW., Washington, DC 20552.

    Dated: November 12, 2009.
Ira L. Mills,
Paperwork Clearance Officer, Office of Thrift Supervision.
[FR Doc. E9-27672 Filed 11-17-09; 8:45 am]
BILLING CODE 6720-01-P