[Federal Register: March 14, 2007 (Volume 72, Number 49)]
[Notices]
[Page 11933-11934]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14mr07-121]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Proposed Information
Collection; Comment Request
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 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 it displays a currently valid Office of Management
and Budget (OMB) control number. The OCC is soliciting comment
concerning an extension of OMB approval of the information collection
titled, ``Disclosure of Financial and Other Information by National
Banks (12 CFR 18).''
DATES: Comments must be submitted on or before May 14, 2007.
ADDRESSES: Communications Division, Office of the Comptroller of the
Currency, Public Information Room, Mailstop 1-5, Attention: 1557-0182,
250 E Street, SW., Washington, DC 20219. In addition, comments may be
sent by fax to (202) 874-4448, or by electronic 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.
Additionally, you should send a copy of your comments to OCC Desk
Officer, 1557-0182, by mail to U.S. Office of Management and Budget,
725 17th Street, NW., 10235, Washington, DC 20503, or by fax
to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: You may request additional information
or a copy of the collection and supporting documentation submitted to
OMB by contacting: Mary Gottlieb or Camille Dickerson, (202) 874-5090,
Legislative and Regulatory Activities Division, Office of the
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION:
Title: Disclosure of Financial and Other Information by National
Banks (12 CFR 18).
OMB Control No.: 1557-0182.
Type of Review: Extension, without revision, of a currently
approved collection.
Description: The collections of information are found in 12 CFR
18.4(c) and 18.8. Section 18.4(c) permits a bank to prepare an optional
narrative for inclusion in its annual disclosure statement. Section
18.8 requires that a national bank promptly furnish materials in
response to a request.
The regulation applies to approximately 1,800 national banks and 50
Federal branches and agencies. Most banks will use their Call Reports
or information prepared for annual reports as their disclosure
material.
This program of periodic financial disclosure is needed, not only
to facilitate informed decision making by existing and potential
customers and investors, but also to improve public understanding of,
and confidence in, the financial condition of individual national banks
and the national banking system. Further, financial disclosure reduces
the likelihood that the market will overreact to incomplete
information.
Affected Public: Businesses or other for-profit.
Burden Estimates:
Estimated Number of Respondents: 1,850.
Estimated Number of Responses: 1,850.
Estimated Annual Burden: 925 hours.
Frequency of Response: On occasion.
Comments: Comments submitted in response to this notice will be
summarized and included in the request for OMB approval. All comments
will 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 agency, including whether
the information has practical utility;
(b) The accuracy of the agency's estimate of the burden of the
collection of information;
(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 startup costs and costs of operation,
maintenance, and purchase of services to provide information.
[[Page 11934]]
Dated: March 8, 2007.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
[FR Doc. E7-4597 Filed 3-13-07; 8:45 am]
BILLING CODE 4810-33-P