99-16472. Proposed Renewal of Information Collection; Comment Request

[Federal Register Volume 64, Number 124 (Tuesday, June 29, 1999)]
[Notices]
[Pages 34843-34844]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-16472]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Proposed Renewal of 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 take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995. Currently, the OCC is soliciting comment concerning its 
extension, without change, for an information collection titled, 
``Interpretive Rulings--12 CFR 7.''

DATES: You should submit written comments by August 30, 1999.

ADDRESSES: You should direct all written comments to the Communications 
Division, Attention: 1557-0204, Third Floor, Office of the Comptroller 
of the Currency, 250 E Street, SW, Washington, DC 20219. In addition, 
you may send comments by facsimile transmission to [phone], or 
by electronic mail to [e-mail].

FOR FURTHER INFORMATION CONTACT: You can request additional information 
from Jacqueline Lussier, Senior Attorney, [phone]; or a copy of 
the collection from Jessie Gates or Camille Dixon, [phone], 
Legislative and Regulatory Activities Division (1557-0204), Office of 
the Comptroller of the Currency, 250 E Street, SW, Washington, DC 
20219. You can inspect and photocopy the comments at the OCC's Public 
Reference Room, 250 E Street, SW, Washington, DC, between 9:00 a.m. and 
5:00 p.m. on business days. You can make an appointment to inspect the 
comments by calling [phone].

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval 
of the following information collection:
    Title: Interpretive Rulings--12 CFR 7.
    OMB Number: 1557-0204.
    Form Number: None.
    Abstract: This submission covers an existing regulation and 
involves no change to the regulation or to the information collections 
embodied in the regulation. The OCC requets only that OMB renew its 
approval of the information collections in the current regulation.
    National banks need these collections of information to ensure that 
they conduct their operations in a safe and sound manner and in 
accordance with applicable federal banking statutes and regulations. 
The collections of information provide needed information for examiners 
and provide protections for national banks. The collections of 
information are necessary for regulatory and examination purposes and 
for national banks to ensure their compliance with federal law and 
regulations.
    The information requirements in 12 CFR part 7 are located as 
follows:
    12 CFR 7.1000(d)(1) (Lease financing of public facilities): The 
lease agreement must provide that the lessee will become the owner of 
the building or facility upon the expiration of the lease.
    12 CFR 7.1014 (Sale of money orders at nonbanking outlets): The 
written agreement between a national bank and bonded agent to sell the 
bank's money orders at a nonbanking outlet should define the 
responsibilities of both parties, set forth their respective duties, 
and provide for remuneration of the agent.
    12 CFR 7.2000(b) (Other sources of guidance for corporate 
governance procedures): A national bank shall designate in its bylaws 
the body of law selected for its corporate governance procedures.
    12 CFR 7.2004 (Honorary directors or advisory boards): Any listing 
of a

[[Page 34844]]

national bank's honorary or advisory directors (who act in advisory 
capacities without voting power or the power of final decision in 
matters concerning bank business) must distinguish between them and the 
bank's board of directors, or indicate their advisory status.
    12 CFR 7.2014(b) (Indemnification of institution-affiliated parties 
in administrative proceedings or civil actions not initiated by a 
federal banking agency): A national bank shall designate in its bylaws 
the body of law selected for making indemnification payments in 
administrative proceedings or civil actions not initiated by a federal 
banking agency.
    National banks use the information to ensure their compliance with 
applicable federal banking law and regulations. Further, the 
collections of information evidence bank compliance with various 
regulatory requirements. This information assists bank management in 
the safe and sound operation of the bank. The OCC uses the information 
in the conduct of bank examinations and as an audit tool to verify bank 
compliance with law and regulations.
    Type of Review. Extension, without change, of a currently approved 
collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 2,430.
    Estimated Total Annual Responses: 2,430.
    Frequency of Response: Recordkeeping.
    Estimated Total Annual Burden: 4,156 burden hours.

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.

    Dated: June 22, 1999.
Mark Tenhundfeld,
Assistant Director, Legislative & Regulatory Activities Division.
[FR Doc. 99-16472 Filed 6-28-99; 8:45 am]
BILLING CODE 4810-33-M