[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]]

=======================================================================
-----------------------------------------------------------------------

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.

-----------------------------------------------------------------------

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:
---------------------------------------------------------------------------

    \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.
---------------------------------------------------------------------------

     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.
---------------------------------------------------------------------------

    \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.
---------------------------------------------------------------------------

    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

[[Page 12325]]

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