FDIC Federal Register Citations

[Federal Register: November 3, 2003 (Volume 68, Number 212)]

[Notices]

[Page 62349-62350]

[DOCID:fr03no03-112]

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL DEPOSIT INSURANCE CORPORATION

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision

Agency Information Collection Activities: Proposed Extension of

Information Collection; Comment Request

AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury;

Federal Deposit Insurance Corporation (FDIC); and Office of Thrift

Supervision (OTS), Treasury.

ACTION: Joint notice and request for comment.

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SUMMARY: The OCC, FDIC, and OTS (collectively, the Agencies), as part

of their continuing effort to reduce paperwork and respondent burden,

invite the general public and other Federal agencies to comment on the

proposed extension, without revision, of their continuing information

collections, as required by the Paperwork Reduction Act of 1995. The

Agencies 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. Currently,

the Agencies are soliciting comment concerning the proposed extension,

without change, of OMB approval of the information collections

contained in the information collection titled, ``Interagency Guidance

on Asset Securitization Activities.''

DATES: Comments should be submitted by January 2, 2004.

ADDRESSES: Comments should be directed to the Agencies and the OMB Desk

Officer for the Agencies as follows:

OCC: Office of the Comptroller of the Currency, Public Information

Room, 250 E Street, SW., Mail Stop 1-5, Attention: 1557-0217,

Washington, DC 20219. Due to delays in delivery of paper mail in the

Washington area, commenters are encouraged to submit comments by fax or

electronic mail. 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 comments at the OCC's Public Information Room. You can make

an appointment to inspect the comments by calling (202) 874-5043.

FDIC: Steven F. Hanft, Paperwork Clearance Officer, Legal Division,

Room MB-3064, Attention: Comments/Legal Division, Federal Deposit

Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. All

comments should refer to ``Interagency Guidance on Asset Securitization

Activities, 3064-0137.'' Comments may be hand-delivered to the guard

station at the rear of the 550 17th Street Building (located on F

Street), on business days between 7 a.m. and 5 p.m. Fax number (202) 898-3838; Internet

address: comments@fdic.gov. Comments may be

inspected and photocopied in the FDIC Public Information Center, Room

100, 801 17th Street, NW., Washington, DC between 9 a.m. and 4:30 p.m.

on business days.

OTS: Information Collection Comments, Chief Counsel's Office,

Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552,

Attention: 1550-0104, Fax number (202) 906-6518, or e-mail to infocollection.comments@ots.treas.gov.

OTS will post comments and the

related index on the OTS Internet Site at http://www.ots.treas.gov. In

addition, interested persons may inspect comments at the Public Reading

Room, 1700 G Street, NW., by appointment. To make an appointment, call (202) 906-5922,

send an e-mail to publicinfo@ots.treas.gov, or send a

facsimile transmission to (202) 906-7755.

OMB Desk Officer for the Agencies: Joseph F. Lackey, Jr., Office of

Information and Regulatory Affairs, Office of Management and Budget,

New Executive Office Building, Room 10235, Washington, DC 20503, or e-mail to jlackeyj@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: You may request additional information

from:

OCC: Jessie B. Dunaway, OCC Clearance Officer, (202) 874-5090,

Legislative and Regulatory Activities Division, Office of the

Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.

FDIC: Steven F. Hanft, Paperwork Clearance Officer, (202) 898-3907,

Legal Division, Federal Deposit Insurance Corporation, 550 17th Street,

NW., Washington, DC 20429.

OTS: Marilyn K. Burton, OTS Clearance Officer, (202) 906-6467,

Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.

SUPPLEMENTARY INFORMATION:

Title: Interagency Guidance on Asset Securitization Activities.

OMB Control Numbers:

OCC: 1557-0217.

FDIC: 3064-0137.

OTS: 1550-0104.

Type of Review: Extension, without revision, of a currently

approved collection.

Form Number: None.

Abstract: The information collection recordkeeping requirements in

the Interagency Guidance are applicable to institutions engaged in

asset securitization activities. The Guidance requires institutions to

develop a written asset securitization policy, documentation of fair

value of retained interests, and a management information system to

monitor securitization activities. Institution management uses the

information as the basis for the safe and sound operation of their

asset securitization activities. The Agencies use the information to

evaluate the quality of an institution's risk management practices.

Affected Public: Businesses or other for-profit.

Burden Estimates:

Estimated Number of Respondents:

OCC: 50.

[[Page 62350]]

FDIC:70.

OTS: 30.

Estimated Number of Responses:

OCC: 50.

FDIC:70.

OTS: 30.

Estimated Annual Burden Hours:

OCC: 2,115 hours.

FDIC:2,070 hours.

OTS: 1,260 hours.

Frequency of Response: On occasion.

Comments

Comments submitted in response to this notice will be summarized in

the request for OMB approval. All comments will become a matter of

public record. Comments are invited on:

(a) Whether the collection 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: October 8, 2003.

Mark J. Tenhundfeld,

Assistant Director, Legislative and Regulatory Activities Division,

Office of the Comptroller of the Currency.

Dated at Washington, DC this 2nd day of October, 2003.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

Dated: October 9, 2003.

By the Office of Thrift Supervision.

James E. Gilleran,

Director.

[FR Doc. 03-27499 Filed 10-31-03; 8:45 am]

BILLING CODES 4810-33-P; 6714-01-P; 6720-01-P