[Federal Register Volume 75, Number 107 (Friday, June 4, 2010)]
[Notices]
[Pages 31840-31841]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-13247]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Submission for OMB 
Review; 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 
agencies to comment on a continuing

[[Page 31841]]

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 an extension of OMB approval 
of the information collection titled, ``Interagency Guidance on Asset 
Securitization Activities.'' The OCC is also giving notice that it has 
submitted the collection to OMB for review.

DATES: Comments must be submitted on or before July 6, 2010.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Mailstop 2-3, Attention: 1557-0217, 250 E Street, SW., 
Washington, DC 20219. In addition, comments may be sent by fax to (202) 
874-5274, or by electronic mail to [email protected]. You may 
personally inspect and photocopy the comments at the OCC, 250 E Street, 
SW., Washington, DC 20219. For security reasons, the OCC requires that 
visitors make an appointment to inspect comments. You may do so by 
calling (202) 874-4700. Upon arrival, visitors will be required to 
present valid government-issued photo identification and to submit to 
security screening in order to inspect and photocopy comments.
    Additionally, you should send a copy of your comments to OCC Desk 
Officer, 1557-0217, 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 may request additional 
information or a copy of the collection and supporting documentation 
submitted to OMB by contacting: Mary H. 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:
    Title: Interagency Guidance on Asset Securitization Activities.
    OMB Control No.: 1557-0217.
    Type of Review: Extension, without revision, of a currently 
approved collection.
    Description: This information collection applies to institutions 
engaged in asset securitization and consists of a written asset 
securitization policy, the documentation of fair value of retained 
interests, and a management information system to monitor 
securitization activities. Institution management uses the collection 
as the basis for the safe and sound operation of their asset 
securitization activities. The OCC uses the information to evaluate the 
quality of an institution's risk management practices. The OCC also 
uses the information to assist institutions lacking proper supervision 
of their asset securitization activities with the implementation of 
corrective action to ensure that the activities are conducted in a safe 
and sound manner.
    Affected Public: Businesses or other for-profit.
    Burden Estimates:
    Estimated Number of Respondents: 33.
    Estimated Number of Responses: 97.
    Estimated Annual Burden: 478 hours.
    Frequency of Response: On occasion.
    Comments: The OCC issued a 60-day Federal Register notice on March 
17, 2010 (75 FR 12812). No comments were received. Comments continue to 
be 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 start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: May 27, 2010.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
[FR Doc. 2010-13247 Filed 6-3-10; 8:45 am]
BILLING CODE 4810-33-P