97-33192. Information Collection; Submission for OMB Review; Comment Request

[Federal Register Volume 62, Number 244 (Friday, December 19, 1997)]
[Notices]
[Pages 66718-66719]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-33192]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Information Collection; Submission for OMB Review; Comment 
Request

AGENCY: Office of the Comptroller of the Currency, Treasury.

ACTION: Submission for OMB review; comment request.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (44 U.S.C. Chapter 35), the Office of the Comptroller of 
the Currency (OCC) hereby gives notice that it has sent to the Office 
of Management and Budget (OMB) for review an information collection 
titled Survey of Financial Activities and Attitudes.

DATES: Comments regarding this information collection are welcome and 
should be submitted to the OMB Reviewer and the OCC. Comments are due 
on or before January 20, 1998.

ADDRESSES: A copy of the submission may be obtained by calling the OCC 
Contact listed. Direct all written comments to the Communications 
Division, Attention: 1557-0209, Third Floor, Office of the Comptroller 
of the Currency, 250 E Street, SW, Washington, DC 20219. In addition, 
comments may be sent by facsimile transmission to [phone], or by 
electronic mail to [email protected]

SUPPLEMENTARY INFORMATION:

    OMB Number: 1557-0209.
    Form Number: Not applicable.
    Type of Review: Reinstatement, with change, of a previously 
approved collection for which approval has expired.
    Title: Survey of Financial Activities and Attitudes.
    Description: The OCC encourages national banks to provide fair 
access to financial services for all. Last fall, the OCC initiated a 
major project to learn more about why millions of households have no 
banking relationships (nonbanked), and whether some banks have found 
ways of profitably serving them.
    As the first part of this initiative, the OCC prepared the 
Preliminary Survey of Nonbanked Status. The OCC now plans to conduct a 
Survey of Financial Activities and Attitudes (Final Survey) to learn 
more about how nonbanked households conduct their financial activities 
and what factors may keep them from using banking services.
    The OCC will conduct the Final Survey through a contractor, in 
several urban locations, in English and Spanish. The Final Survey will 
involve both personal contacts and telephone surveys.
    The Final Survey will provide the OCC, as well as national banks 
and the general public, with information on diversity within the 
nonbanked population; how nonbanked households currently conduct their 
financial activities; their experience with, and interest in, banking 
services; and the financial service costs they incur.
    The OCC will use this information to better assess national bank 
efforts to serve nonbanked households. Further, the OCC and the 
industry will use this information to identify effective methods for 
better serving nonbanked

[[Page 66719]]

households and to identify barriers to financial services they face. 
The OCC will also use the results of the Final Survey as background 
information in its policymaking process.
    Respondents: Individuals or households.
    Number of Respondents: 2,000.
    Total Annual Responses: 2,000.
    Frequency of Response: One time only.
    Estimated Total Annual Burden: 833 burden hours.
    OCC Contact: Jessie Gates, [phone], Legislative and 
Regulatory Activities Division, Control Number 1557-0209, Office of the 
Comptroller of the Currency, 250 E Street, SW, Washington, DC 20219.
    OMB Reviewer: Alexander Hunt, [phone], Paperwork Reduction 
Project 1557-0209, Office of Management and Budget, Room 10226, New 
Executive Office Building, Washington, DC 20503.
    The OCC may not conduct or sponsor, and 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: Comments are invited on: (a) Whether the proposed 
revisions to the following collections of information are necessary for 
the proper performance of the OCC's functions, including whether the 
information has practical utility; (b) the accuracy of the OCC's 
estimate of the burden of the information collection as it is 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; (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; and (e) estimates of capital or startup costs and costs of 
operation, maintenance, and purchase of services to provide 
information.

    Dated: December 12, 1997.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 97-33192 Filed 12-18-97; 8:45 am]
BILLING CODE 4810-33-P]