[Federal Register Volume 75, Number 140 (Thursday, July 22, 2010)]
[Notices]
[Page 42833]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-17843]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Prohibited Service at Savings and Loan Holding Companies

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 August 23, 2010. 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 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: Prohibited Service at Savings and Loan Holding 
Companies.
    OMB Number: 1550-0117.
    Form Number: N/A.
    Regulation requirement: 12 CFR Parts 585.110 and 12 CFR 516.
    Description: Section 557.20 requires savings associations to 
establish and maintain deposit documentation practices and records. 
These records should include adequate evidence of ownership, balances, 
and all transactions involving the account. In addition, part 557 
relies on the disclosure regulations applicable to savings associations 
under Regulation DD. Regulation DD implements the Truth in Savings Act, 
part of the Federal Deposit Insurance Corporation Improvement Act of 
1991.
    The regulations assist consumers in comparing deposit accounts 
offered by depository institutions. Consumers receive disclosures about 
fees, annual percentage yield, interest rate, and other account terms 
whenever a consumer requests the information and before the consumer 
opens an account. The regulation also requires that savings 
associations provide fees and other information on any periodic 
statement the institution sends to the consumer. Regulation DD contains 
rules for advertisements of deposit accounts and advance notices to 
account holders of adverse changes in terms.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 15.
    Estimated Burden Hours per Response: 16 hours.
    Estimated Frequency of Response: On occasion.
    Estimated Total Burden: 240 hours.
    Clearance Officer: Ira L. Mills, (202) 906-6531, Office of Thrift 
Supervision, 1700 G Street, NW., Washington, DC 20552.

    Dated: July 16, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift 
Supervision.
[FR Doc. 2010-17843 Filed 7-21-10; 8:45 am]
BILLING CODE 6720-01-P