97-21338. Proposed Agency Information Collection Activities

[Federal Register Volume 62, Number 156 (Wednesday, August 13, 1997)]
[Notices]
[Pages 43427-43428]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-21338]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Proposed Agency Information Collection Activities

AGENCY: Office of Thrift Supervision, Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995. Currently, the Office of Thrift 
Supervision within the Department of the Treasury is soliciting 
comments concerning the Thrift Financial Report.

DATES: Written comments should be received on or before October 14, 
1997 to be assured of consideration.

ADDRESSES: Send comments to Manager, Dissemination Branch, Records 
Management and Information Policy, Office of Thrift Supervision, 1700 G 
Street, NW, Washington, DC 20552, Attention 1550-0023. These 
submissions may be hand delivered to 1700 G Street, NW. From 9:00 a.m. 
to 5:00 p.m. on business days; they may be sent by facsimile 
transmission to FAX Number [phone]; or they may be sent by e-
mail: [e-mail]. Comments sent by facsimile 
transmission that are over 25 pages in length should be sent to FAX 
Number [phone]. Those commenting by e-mail should include their 
name and telephone number. Comments will be available for inspection at 
1700 G Street, NW., from 9:00 a.m. until 4:00 p.m. on business days.

FOR FURTHER INFORMATION CONTACT: Trudy Reeves, Financial Reporting 
Division, Office of Thrift Supervision, 1700 G Street, NW., Washington, 
DC 20552, [phone]. Additional information is also available by 
requesting Document Number 80053 on OTS's Publifax line at (202) 906-
5660 or by calling [phone].

SUPPLEMENTARY INFORMATION:

    Title: Thrift Financial Report.
    OMB Number: 1550-0023.
    Form Numbers: OTS 1313, OTS 1568.
    Abstract: The information collections described herein will apply 
to all savings associations. The collections are necessary to monitor 
and supervise the thrift industry.
    Current Actions: After reviewing its current supervisory and 
examination needs, the OTS is proposing to make certain changes to the 
Thrift Financial Report (TFR) effective with the March 31, 1998 report. 
The OTS has limited the proposed changes for 1998 to minimize the 
burden to the savings and loan industry. Overall, the changes will 
reduce the estimated burden associated with the TFR. A description of 
the proposed changes follows:
     Add a question in Schedule SQ as follows:
    Does the reporting association have a Subchapter S election in 
effect for federal income tax purposes for the current tax year?
    This data item will provide a means of identifying associations 
electing Subchapter S status. Because this is a yes/no question and it 
is anticipated that it will be answered ``yes'' by less than 20% of the 
industry, it is not projected to add any additional burden to the 
industry.
     Modify Schedule CCR
    The revisions will reduce CCR by approximately 14 data items and 
add 4 additional data items which will be automatically generated by 
the electronic filing software provided to all associations by the OTS. 
The deleted section is the worksheet calculation of the tangible 
capital requirement.
    The four Prompt Corrective Action (PCA) ratios will be added at the 
end of the form. These will be generated by the electronic filing 
software and therefore have no burden associated with them. They will 
provide instant feed-back to associations as they complete the form and 
would be regenerated whenever an amendment to CCR is filed. This 
addition would eliminate the need for running a separate program to 
calculate these ratios each time amendments are filed.
     Year 2000 Change
    SQ170 and all date fields in the electronic filing software will be 
expanded to accommodate four digits in the year field.
    Type of Review: Revision.
    Affected Public: Business or For Profit.
    Estimated Number of Respondents and Recordkeepers: 1271.
    Estimated Time Per Respondent: 33 hours average.

[[Page 43428]]

    Estimated Total Annual Burden Hours: 167,772 hours.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or 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 shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality; (d) ways to minimize the burden of the 
collection of information on respondents, including the use of 
automated collection techniques or other forms of information 
technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance, and purchase of services to provide 
information.

    Dated: August 7, 1997.
Catherine C. M. Teti,
Director, Records Management and Information Policy.
[FR Doc. 97-21338 Filed 8-12-97; 8:45 am]
BILLING CODE 6720-01-P