[Federal Register Volume 84, Number 62 (Monday, April 1, 2019)]
[Notices]
[Pages 12324-12325]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06155]
[[Page 12324]]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Revision; Comment Request; Municipal Securities Dealers and Government
Securities Brokers and Dealers--Registration and Withdrawal
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 take this opportunity to comment on a revised information
collection, as required by the Paperwork Reduction Act of 1995 (PRA).
In accordance with the requirements of the PRA, the OCC may not
conduct or sponsor, and respondents are 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 the revision of its
information collection titled, ``Municipal Securities Dealers and
Government Securities Brokers and Dealers--Registration and
Withdrawal.''
DATES: You should submit written comments by May 31, 2019.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Office of the Comptroller of
the Currency, Attention: 1557-0184, 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and 1557-
0184, in your comment. In general, the OCC will publish comments on
www.reginfo.gov without change, including any business or personal
information provided, such as name and address information, email
addresses, or phone numbers. Comments received, including attachments
and other supporting materials, are part of the public record and
subject to public disclosure. Do not include any information in your
comment or supporting materials that you consider confidential or
inappropriate for public disclosure.
You may review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection \1\ by any of the following methods:
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\1\ Following the close of the 60-day comment period for this
notice, the OCC will publish a notice for 30 days of comment for
this collection.
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Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu
select ``Department of Treasury'' and then click ``submit.'' This
information collection can be located by searching by OMB control
number 1557-0184, or ``Municipal Securities Dealers and Government
Securities Brokers and Dealers--Registration and Withdrawal.'' Upon
finding the appropriate information collection, click on the related
``ICR Reference Number.'' On the next screen, select ``View Supporting
Statement and Other Documents'' and then click on the link to any
comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
Viewing Comments Personally: You may personally inspect
comments at the OCC, 400 7th Street SW, Washington, DC. For security
reasons, the OCC requires that visitors make an appointment to inspect
comments. You may do so by calling (202) 649-6700 or, for persons who
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival,
visitors will be required to present valid government-issued photo
identification and submit to security screening in order to inspect
comments.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer,
(202) 649-5490 or, for persons who are deaf or hearing impaired, TTY,
(202) 649-5597, Chief Counsel's Office, Office of the Comptroller of
the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA, federal agencies must obtain
approval from the OMB for each collection of information that they
conduct or sponsor. ``Collection of information'' is defined in 44
U.S.C. 3502(3) and 5 CFR 1320.3(c) to include obtaining, causing to be
obtained, soliciting, or requiring the disclosure to an agency of
information by means of identical questions posed to, or identical
reporting, recordkeeping, or disclosure requirements imposed on, ten or
more persons. Section 3506(c)(2)(A) of title 44 requires federal
agencies to provide a 60-day notice in the Federal Register concerning
each proposed collection of information, including each proposed
extension or revision of an existing collection of information, before
submitting the collection to OMB for approval. In compliance with the
PRA, the OCC is publishing notice of the proposed revision of the
collection of information set forth in this document.
Title: Municipal Securities Dealers and Government Securities
Brokers and Dealers--Registration and Withdrawal.
OMB Control No.: 1557-0184.
Form Numbers: MSD, MSDW,\2\ MSD-4, MSD-5, G-FIN, G-FINW, GFIN-4 and
GFIN-5.\3\
Abstract: This information collection is required to satisfy the
requirements of section 15B \4\ and section 15C \5\ of the Securities
Exchange Act of 1934, which require, in part, any national bank or
federal savings association that acts as a government securities
broker/dealer or a municipal securities dealer to file the appropriate
form with the OCC to inform the agency of its broker/dealer activities.
The OCC uses this information to determine which national banks and
federal savings associations are acting as government securities
broker/dealers and municipal securities dealers and to monitor entry
into and exit from these activities by institutions and registered
persons. The OCC also uses the information in planning national bank
and federal savings association examinations.
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\2\ The Securities and Exchange Commission (SEC) maintains
collections for the MSD and MSDW under OMB Control Nos. 3235-0083
and 3235-0087; however, there is a requirement that these be filed
with the OCC, which is covered by OMB Control No. 1557-0184.
\3\ The Department of the Treasury maintains collections for the
G-FIN-4 and G-FIN-5 under OMB Control No. 1535-0089; however, there
is a requirement that the forms be filed with the OCC, which is
covered by OMB Control No. 1557-0184.
\4\ 15 U.S.C. 78o-4.
\5\ 15 U.S.C. 78o-5.
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The OCC proposes to revise Form MSD-4 and Form MSD-5 to: (1) Remove
the date of birth and place of birth items from the ``Personal History
of the Applicant'' section of the Form MSD-4 report form and
instructions; and (2) include the OCC's Privacy Act notice on the
respective Form MSD-4 and Form MSD-5. The proposed revisions would be
effective June 1, 2019.
The date of birth and place of birth data fields are considered
personally identifiable information (PII), and the OCC generally does
not need these fields in order to perform their
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supervisory responsibilities regarding applications to become municipal
securities principals or representatives but could obtain this
information on a case-by-case basis when needed. The OCC is making an
effort to remove PII from its supervisory reports if that PII is not
critical to fulfilling its supervisory responsibilities.
The OCC also proposes to include its Privacy Act notice on the
forms. The Privacy Act governs the collection, maintenance, use, and
dissemination of information about individuals that is maintained in
systems of records by federal agencies. A system of records is a group
of records under the control of the agency from which information about
individuals is retrieved by name of the individual or some identifier
assigned to the individual. Under the Privacy Act, an agency that
maintains a system of records must provide notice to individuals, at
the point of collection of information maintained in the system of
records, of: (1) The authority which authorizes the collection and
whether the collection is mandatory or voluntary; (2) the purpose of
the collection; (3) the routine uses which may be made of the
information; and (4) the effects of not disclosing the information.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses or other for-profit; individuals.
Estimated Number of Respondents: 17 (6 government securities dealers
and 11 municipal and government securities dealers).
Estimated Number of Responses: 672.
Frequency of Response: On occasion.
Estimated Annual Burden: 587 burden hours.
Comments submitted in response to this notice will be summarized,
included in the request for OMB approval, and become a matter of public
record. Comments are invited 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: March 25, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-06155 Filed 3-29-19; 8:45 am]
BILLING CODE 4810-33-P