[Federal Register: December 27, 2002 (Volume 67, Number 249)]
[Notices]
[Page 79242-79243]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27de02-191]
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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 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 the
information collection displays a currently valid OMB control number.
The OCC is soliciting comment concerning its information collection
titled, ``Fiduciary Activities of National Banks--12 CFR 9.'' The OCC
also gives notice that it has sent the information collection to OMB
for review and approval.
DATES: You should submit your comments to the OCC and the OMB Desk
Officer by January 27, 2003.
ADDRESSES: You should direct comments to: Communications Division,
Office of the Comptroller of the Currency, Public Information Room,
Mailstop 1-5, Attention: 1557-0102, 250 E Street, SW., Washington, DC
20219. Due to delays in paper mail in the Washington area, commenters
are encouraged to submit comments by fax or e-mail. Comments may be
sent by fax to (202) 874-4448, or by e-mail to
regs.comments@occ.treas.gov. 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.
Joseph F. Lackey, Jr., OMB Desk Officer for the OCC, Office of
Information and Regulatory Affairs, Office of Management and Budget,
New Executive Office Building, Room 10235, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: You can request additional information
or a copy of the collection from Jessie Dunaway, OCC Clearance Officer,
or Camille Dixon, (202) 874-5090, Legislative and Regulatory Activities
Division, Office of the Comptroller of the Currency, 250 E Street, SW.,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval
of the following information collection:
Title: Fiduciary Activities of National Banks `` 12 CFR 9.
OMB Number: 1557-0140.
Description: This submission covers an existing regulation and
involves no change to the regulation or to the information collection.
The OCC requests only that OMB extend its approval of the information
collection.
Under 12 U.S.C. 92a, the OCC regulates the fiduciary activities of
national banks, including the administration of collective investment
funds. The requirements in 12 CFR Part 9 enable the OCC to perform its
responsibilities relating to the fiduciary activities of national banks
and collective investment funds. The collections of information in part
9 are found in Sec. Sec. 9.8(b), 9.9(a) and (b), 9.17(a), 9.18(b)(1),
9.18(b)(6)(ii), 9.18(b)(6)(iv), and 9.18(c)(5) as follows:
Section 9.8(b) requires a national bank to maintain fiduciary
records;
Section 9.9(a) and (b) require a national bank to note the results
of a
[[Page 79243]]
fiduciary audit in the minutes of the board of directors;
Section 9.17(a) requires a national bank that wants to surrender
its fiduciary powers to file with the OCC a certified copy of the
resolution of its board of directors;
Section 9.18(b)(1) requires a national bank to establish and
maintain each collective investment fund in accordance with a written
plan;
Section 9.18(b)(1) also requires a national bank to make the plan
available for public inspection and to provide a copy of the plan to
any person who requests it;
Section 9.18(b)(6)(ii) requires a national bank to prepare a
financial report of the fund;
Section 9.18(b)(6)(iv) requires a national bank to disclose the
financial report to investors and other interested persons; and
Section 9.18(c)(5) requires a national bank to request OCC approval
of special exemption funds.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 842.
Estimated Total Annual Responses: 842.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 9,414 hours.
Dated: December 20, 2002.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 02-32720 Filed 12-26-02; 8:45 am]
BILLING CODE 4810-33-P