[Federal Register Volume 75, Number 107 (Friday, June 4, 2010)]
[Notices]
[Page 31840]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-13251]


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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 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, ``Disclosure of Financial and Other Information by National 
Banks (12 CFR 18).'' OCC also gives notice that it has sent this 
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, Public Information Room, Mailstop 2-3, Attention: 1557-0182, 
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 can inspect and photocopy the comments 
at the OCC's Public Information Room, 250 E Street, SW., Washington, DC 
20219. You can make an appointment to inspect the comments by calling 
(202) 874-5043.
    Additionally, you should send a copy of your comments to OCC Desk 
Officer, 1557-0182, 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: Disclosure of Financial and Other Information by National 
Banks (12 CFR Part 18).
    OMB Control No.: 1557-0182.
    Type of Review: Extension, without revision, of a currently 
approved collection.
    Description: The collections of information are found in 12 CFR 
18.3, 18.4, and 18.8. Section 18.3 requires the preparation of an 
annual disclosure statement and specifies how it must be made 
available. Section 18.4 details the required elements of the disclosure 
statement and permits a bank to supplement its annual disclosure 
statement with an optional narrative. Lastly, section 18.8 requires 
that a national bank promptly furnish its annual disclosure statement 
upon request.
    The regulation applies to approximately 1,535 national banks and 50 
Federal branches and agencies. Most banks will use their Call Reports 
or information prepared for annual reports as their disclosure 
material.
    This program of periodic financial disclosure is necessary, not 
only to facilitate informed decision making by existing and potential 
customers and investors, but also to improve public understanding of, 
and confidence in, the financial condition of individual national banks 
and the national banking system. Financial disclosure also reduces the 
likelihood that the market will overreact to incomplete information.
    Affected Public: Businesses or other for-profit.
    Burden Estimates:
    Estimated Number of Respondents: 1,585.
    Estimated Number of Responses: 1,585.
    Estimated Annual Burden: 793 hours.
    Frequency of Response: On occasion.
    Comments: OCC issued a 60-Day Federal Register notice on March 18, 
2010. 75 FR 13205. No comments were received. Comments continue to be 
solicited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the information 
collection burden;
    (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. 2010-13251 Filed 6-3-10; 8:45 am]
BILLING CODE 4810-33-P