96-26577. Submission for OMB Review; Comment Request

[Federal Register Volume 61, Number 201 (Wednesday, October 16, 1996)]
[Notices]
[Pages 53994-53995]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-26577]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency
Office of Thrift Supervision

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION


Submission for OMB Review; Comment Request

AGENCIES: Office of the Comptroller of the Currency (OCC), Office of 
Thrift Supervision (OTS), Treasury; Board of Governors of the Federal 
Reserve System (Board); and Federal Deposit Insurance Corporation 
(FDIC).

ACTION: Notice of information collection to be submitted to OMB for 
review and approval under the Paperwork Reduction Act of 1995.

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SUMMARY: In accordance with requirements of the Paperwork Reduction Act 
of 1995 (44 U.S.C. Chapter 35), the OCC, the OTS, the Board, and the 
FDIC (collectively, the ``Agencies''), hereby give notice that they 
plan to submit to the Office of Management and Budget (OMB) requests 
for review of the information collection system described below. The 
Agencies may not conduct or sponsor, and the respondent is not required 
to respond to, an information collection that has been extended, 
revised, or implemented on or after October 1, 1995, unless it displays 
a currently valid OMB control number. Comments are invited on: (a) 
whether the proposed revisions to the following collections of 
information are necessary for the proper performance of the agencies' 
functions, including whether the information has practical utility; (b) 
the accuracy of the agencies' estimate of the burden of the information 
collections as they are proposed to be revised, including the validity 
of the methodology and assumptions used; (c) ways to enhance the 
quality, utility, and clarity of the information to be collected; and 
(d) ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology.

DATES: Comments must be submitted on or before November 15, 1996.

ADDRESSES: Interested parties are invited to submit written comments to 
any or all of the Agencies. All comments, which should refer to the OMB 
control number(s), will be shared among the agencies.
    OCC: Written comments should be submitted to the Communications 
Division, Ninth Floor, Office of the Comptroller of the Currency, 250 E 
Street, S.W., Washington, D.C. 20219; Attention: Paperwork Docket No. 
1557-0127 [FAX number [phone]; Internet address: 
[e-mail]]. Comments will be available for inspection 
and photocopying at that address.
    OTS: Send comments to Manager, Dissemination Branch, Records 
Management and Information Policy, Office of Thrift Supervision, 1700 G 
Street, N.W., Washington, DC 20552, Attention 1550-0026. These 
submissions may be hand delivered to 1700 G Street, N.W. From 9:00 a.m. 
to 5:00 p.m. on business days, they may be sent by facsimile 
transmission to FAX Number [phone]. Comments over 25 pages in 
length should be sent to FAX Number [phone]. Comments will be 
available for inspection at 1700 G Street, N.W., from 9:00 a.m. until 
4:00 p.m. on business days.
    Board: Written comments should be addressed to Mr. William W. 
Wiles, Secretary, Board of Governors of the Federal Reserve System, 
20th and C Streets, N.W., Washington, D.C. 20551, or delivered to the 
Board's mail room between 8:45 a.m. and 5:15 p.m., and to the security 
control room outside of those hours. Both the mail room and the 
security control room are accessible from the courtyard entrance on 
20th Street between Constitution Avenue and C Street, N.W. Comments 
received may be inspected in room M-P-500 between 9:00 a.m. and 5:00 
p.m., except as provided in section 261.8 of the Board's Rules 
Regarding Availability of Information, 12 CFR 261.8(a).
    FDIC: Written comments should be addressed to the Office of the 
Executive Secretary, Federal Deposit Insurance Corporation, 550 17th 
Street, N.W., Washington, D.C. 20429. Comments may be hand-delivered to 
Room F-402, 1776 F Street, N.W., Washington, D.C. 20429, on business 
days between 8:30 a.m. and 5:00 p.m. Comments may be sent through 
facsimile to: [phone] or by the Internet to: [e-mail]. 
Comments will be available for inspection at the FDIC Public 
Information Center, Room 100, 801 17th Street, N.W., Washington, D.C., 
between 9:00 a.m. and 4:30 p.m. on business days.
    A copy of the comments may also be submitted to the OMB desk 
officer for the agencies: Alexander Hunt, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, D.C. 20503.

FOR FURTHER INFORMATION CONTACT: A copy of the Paperwork Reduction Act 
Submission (OMB 83-I), supporting statement, and other documents that 
have been submitted to OMB for review and approval may be requested 
from the agency clearance officer, whose name appears below.
    OCC: Jesse Gates, OCC Clearance Officer, [phone], Office of 
the Comptroller of the Currency, 250 E Street, S.W., Washington, D.C. 
20219
    OTS: Colleen M. Devine, OTS Clearance Officer, [phone], 
Office of Thrift Supervision, 1700 F Street, N.W., Washington, D.C. 
20552.
    Board: Mary M. McLaughlin, Board Clearance Officer, [phone], 
Division of Research and Statistics, Board of Governors of the Federal 
Reserve System, 20th and C Streets, N.W., Washington, D.C. 20551. For 
the hearing impaired only, Telecommunications Device for the Deaf 
(TDD), Dorothea Thompson, [phone], Board of Governors of the 
Federal Reserve System, 20th and C Streets, N.W., Washington, D.C. 
20551.
    FDIC: Steven F. Hanft, FDIC Clearance Officer, [phone], 
Office of the Executive Secretary, Federal Deposit Insurance 
Corporation, 550 17th Street N.W., Washington, D.C. 20429.
    Proposal to request approval from OMB of the extension, with 
revision, of the following report:
    1. Report title: Annual Report of Trust Assets/Annual Report of 
International Fiduciary Activities--


[[Page 53995]]


Form Number: FFIEC 001 and FFIEC 006.
Type of Review: Regular.
Frequency of Response: Annual.
Respondents: Business or other for profit.

    For OCC:

OMB Number: 1557-0127.
Number of Respondents: 1,235 (FFIEC 001); 100 (FFIEC 006).
Total Annual Responses: 1,335.
Estimated Time per Response: 4.3 burden hours (FFIEC 001); 4.0 
burden hours (FFIEC 006).
Total Annual Burden: 5,805 burden hours.

    For OTS:

OMB Number: 1557-0026.
Number of Respondents: 116 (FFIEC 001).
Total Annual Responses: 116.
Estimated Time per Response: 2.30 burden hours.
Total Annual Burden: 266.8 burden hours.

    For Board:

OMB Number: 7100-0031.
Number of Respondents: 635 (FFIEC 001); 56 (FFIEC 006).
Total Annual Responses: 691.
Estimated Time per Response: 3.82 burden hours (FFIEC 001); 4.0 
burden hours (FFIEC 006).
Total Annual Burden: 2,649.7 burden hours.

    For FDIC:

OMB Number: 3064-0024.
Number of Respondents: 1,834 (FFIEC 001).
Total Annual Responses: 1,834.
Estimated Time per Response: 3.55 burden hours.
Total Annual Burden: 6,510.7 burden hours.

    Description: This information collection (FFIEC 001 and FFIEC 006) 
is mandatory: 12 U.S.C. 161 and 1817 (for national banks), 12 U.S.C. 
1464, 1725, 1730 (for thrift institutions), 12 U.S.C. 248(a) and 
1844(c) (for state member banks and bank holding companies), and 12 
U.S.C. 1817 (for insured state nonmember commercial and savings banks). 
The FFIEC 006, collected by the OCC and the Board, is given 
confidential treatment [5 U.S.C. 552(b)(8)]. Small businesses (i.e., 
small banks) are affected.
    Abstract: These interagency reports collect information on 
fiduciary asset totals and activities. They are used to monitor changes 
in the volume and character of discretionary trust activity, the volume 
of nondiscretionary trust activity, and the resource needs for 
supervisory purposes. The data are also used for statistical and 
analytical purposes.
    Current Actions: The revisions to the FFIEC 001 consist of the 
addition of a new trust income statement that must be completed by 
those banks and savings associations with $100 million or more in total 
trust assets and by all nondeposit trust companies. In general, 
institutions will report trust fees by type of trust account, three 
general categories of expense, and the amount of settlements, 
surcharges, and other losses gross and net of recoveries. If an 
institution's aggregate losses are $100,000 or more in any year, 
individual losses of $10,000 or more must be reported by type of 
account. The information reported by individual institutions in this 
schedule will not be publicly available, but aggregate data will be 
published by the Federal Financial Institutions Examination Council 
(FFIEC). The new trust income schedule enables the Agencies to better 
target their supervision of trust activities to those areas that pose 
greater risk to institutions. The proposed new schedule would become 
effective with the December 31, 1996, report date.
    On June 30, 1995, the FFIEC, on behalf of the agencies, published a 
notice in the Federal Register (60 FR 34252) describing in detail and 
inviting comment on the proposed changes to this collection of 
information. All comments received by the agencies in response to that 
notice were addressed in supporting statements developed to justify the 
changes.
    Additionally, the submission requests renewal, without change, of 
the FFIEC 006.
    This notice provides the public with the opportunity to obtain, 
review, and comment on, the agencies' supporting statements.

    Dated: October 8, 1996.
Karen Solomon,
Director, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency.

    Dated: October 8, 1996.
Catherine C.M. Teti,
Director, Records Management and Information Policy, Office of Thrift 
Supervision.

    Board of Governors of the Federal Reserve System, October 10, 
1996.
William W. Wiles,
Secretary of the Board.

    Dated at Washington, DC, this 7th day of October 1996.
    Federal Deposit Insurance Corporation.
Jerry L. Langley,
Executive Secretary.
[FR Doc. 96-26577 Filed 10-15-96; 8:45 am]
BILLING CODE 4810-33-P; 6720-01-P; 6210-01-P; 6714-01-P