[Federal Register Volume 76, Number 138 (Tuesday, July 19, 2011)]
[Notices]
[Pages 42767-42768]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-18177]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Management Officials 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 September 19, 2011.

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; (202) 906-6518.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
about this proposed information collection by sending an e-mail to 
[email protected].

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;

[[Page 42768]]

    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 Officials Interlocks.
    OMB Number: 1550-0051.
    Form Number: N/A.
    Description: OTS uses the requested information to evaluate the 
merits of interlocks exemption applications. In evaluating the merits, 
OTS uses the information to determine: (a) Whether the services to be 
performed by the person in question are necessary or desirable for the 
purpose of preserving safe and sound operations, thereby protecting the 
insurance risk to the Deposit Insurance Fund; (b) if the institution is 
well managed and served by other fully competent directors, officers or 
employees; (c) if the person's background, including any past history 
in dealing with regulatory authorities, indicates an ability to operate 
a savings association in a safe and sound manner; (d) if the 
credentials of the person in question are such that the services to be 
performed would be particularly valuable to the savings association; 
and (e) if the service of the individual in management positions at 
unaffiliated depository organizations is likely to result in a monopoly 
or substantial lessening of competition.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 3.
    Estimated Frequency of Response: On occasion.
    Estimated Total Burden: 12 hours.

    Dated: July 13, 2011.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift 
Supervision.
[FR Doc. 2011-18177 Filed 7-18-11; 8:45 am]
BILLING CODE 6720-01-P