Proposed Agency Information Collection Activities; Comment Request-Fiduciary Powers of Federal Savings Associations, 25281-25282 [E6-6451]

Download as PDF jlentini on PROD1PC65 with NOTICES Federal Register / Vol. 71, No. 82 / Friday, April 28, 2006 / Notices when determining the ‘‘prudence’’ of an alternative per 49 USC 47106.(c)(1)(B). This section requires the Secretary of Transportation to consider a ‘‘possible and prudent alternative’’ when considering a grant application for a project involving a new airport, a new runway, or a major runway extension having significant adverse effects. Although criteria in paragraph 1007.e(4)(b) apply to decisions for actions involving Section 4(f) resources, FAA is using the definition of ‘‘prudent’’ for major airport projects to aid its staff determine when an alternative is ‘‘prudent.’’ FAA worked with the Federal Highway Administration (FHWA) on the definition as presented in FHWA’s March 2005 Section 4(f) guidance 1 believes it is appropriate for FAA actions. j. Paragraphs 708.g(4) and 1301.g recommend that responsible FAA officials use an Environmental Management System (EMS) to ensure the agency and the airport sponsor complete required mitigation. This effort promotes the instructions in Executive Order 13148, Greening the Government Through Leadership in Environmental Management. k. Chapter 15 provides information on streamlining the EIS process for certain airport projects to address requirements in Vision 100—The Century of Aviation Reauthorization Act (Vision 100). Among other things, Vision 100 requires streamlining the environmental process for airport capacity projects at congested airports. These are airports that account for at least 1% of all delayed aircraft operations in the Nation. Vision 100 also applies to airport safety and airport security projects throughout the Nation, regardless of their congestion levels. l. ARP has deleted paragraph 407 in the draft Order addressing cumulative impacts. More extensive information on cumulative impacts now appears in paragraph 1007.i of the final Order. ARP will provide more detail on this topic in the Desk Reference. m. ARP has also deleted an example of a ‘‘third party’’ Memorandum of Understanding and the ‘‘short-form’’ environmental assessment that were included as Appendices 2 and 3 of draft Order 5050.4B. ARP will place these examples and other information that ARP has found helpful in the Desk Reference. 1 https://environment.fhwa.gov/dot/projdev/ 4fpolicy.asp. VerDate Aug<31>2005 17:14 Apr 27, 2006 Jkt 208001 Dated: April 25, 2006. Dennis E. Roberts, Director, Office of Airport Planning and Programming, APP–1. [FR Doc. 06–4036 Filed 4–25–06; 4:26 pm] BILLING CODE 4910–13–M DEPARTMENT OF THE TREASURY Office of Thrift Supervision Proposed Agency Information Collection Activities; Comment Request—Fiduciary Powers of Federal Savings Associations Office of Thrift Supervision (OTS), Treasury. ACTION: Notice and request for comment. AGENCY: 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 comment on proposed and continuing information collections, as required by the Paperwork Reduction Act of 1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the Department of the Treasury will submit the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. Today, OTS is soliciting public comments on its proposal to revise this information collection. DATES: Submit written comments on or before June 27, 2006. ADDRESSES: Send comments, referring to the collection by title of the proposal or by OMB approval number, to Information Collection Comments, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552; send a facsimile transmission to (202) 906–6518; or send an e-mail to infocollection.comments@ots.treas.gov. OTS will post comments and the related index on the OTS Internet Site at 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 public.info@ots.treas.gov, or send a facsimile transmission to (202) 906– 7755. You can request additional information about this proposed information collection revision from John R. Rudolph, Trust Policy Specialist, Office of Thrift Supervision, 1700 G Street, FOR FURTHER INFORMATION CONTACT: PO 00000 Frm 00149 Fmt 4703 Sfmt 4703 25281 NW., Washington, DC 20552; send an email to john.rudolph@ots.treas.gov; or telephone (202) 906–6153. SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an information collection, and respondents are not required to respond to an information collection, unless the information collection displays a currently valid OMB control number. As part of the approval process, we invite comments on the following information collection. Comments should address one or more of the following points: a. Whether the proposed collection of information is necessary for the proper performance of the functions of OTS; b. The accuracy of OTS’s estimate of the burden of the proposed information collection; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of the information collection on respondents, including through the use of information technology. We will summarize the comments that we receive and include them in the OTS request for OMB approval. All comments will become a matter of public record. In this notice, OTS is soliciting comments concerning the following information collection. Title of Proposal: Fiduciary Powers of Federal Savings Associations. OMB Number: 1550–0037. Form Number: OTS Form 1240. Regulation requirement: 12 CFR 550.70(a), (b), and (c); 12 CFR 550.80 through 120; 12 CFR 550.125. Description: OTS must know when a Federal savings association is acting in a fiduciary capacity in order to establish effective oversight of those activities. This comment request addresses revisions to OTS Form 1240— Application for Fiduciary Powers. The form is being revised to update the information OTS requires in order to make a determination whether to approve or deny an application for fiduciary powers. 12 CFR 550.70(a) requires that a Federal savings association that wants to conduct fiduciary activities for the first time, and for which OTS has not previously approved an application submitted under this part, must obtain prior approval from OTS before it may conduct the activities. 12 CFR 550.70(b) requires that a Federal savings association that wants to conduct fiduciary activities that are materially different from the activities that OTS has previously approved for it, including fiduciary activities that OTS has previously approved that have not E:\FR\FM\28APN1.SGM 28APN1 25282 Federal Register / Vol. 71, No. 82 / Friday, April 28, 2006 / Notices been exercised for at least five years, must obtain prior approval from OTS before it may conduct the activities. 12 CFR 550.80 through 120 describe the process for obtaining OTS approval of the application for fiduciary powers. Instructions for filing the application are found at 12 CFR 516, subpart A. In addition, § 550.70(c) of OTS’s regulations requires that a federal savings association that wants to commence in a new state fiduciary activities that are not materially different from those that OTS has already approved, must file a notice with OTS. Instructions for filing the notice are found at 12 CFR 550.125. Type of Review: Revision. Affected Public: Federal savings associations. Estimated Number of Respondents: Application—12 respondents; Notice— 10 respondents. Estimated Number of Responses: Application—12 respondents; Notice— 10 respondents. Estimated Burden Hours per Response: Application—27 hours; Notice—3 hours. Estimated Frequency of Response: Event-generated. Estimated Total Burden: 354 hours. Clearance Officer: Marilyn K. Burton, (202) 906–6467, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. Dated: April 24, 2006. Deborah Dakin, Senior Deputy Chief Counsel, Regulations and Legislation Division. [FR Doc. E6–6451 Filed 4–27–06; 8:45 am] BILLING CODE 6720–01–P DEPARTMENT OF THE TREASURY Office of Thrift Supervision Proposed Agency Information Collection Activities; Comment Request—Reporting for Changes to Federal Deposit Insurance Levels on the Thrift Financial Report: Schedule DI Office of Thrift Supervision (OTS), Treasury. ACTION: Notice and request for comment. jlentini on PROD1PC65 with NOTICES AGENCY: 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 comment on proposed and continuing information collections, as required by the Paperwork Reduction Act of 1995, 44 U.S.C. 3507. Today, the Office of Thrift Supervision within the Department of VerDate Aug<31>2005 17:14 Apr 27, 2006 Jkt 208001 the Treasury solicits comments on proposed changes to the Thrift Financial Report (TFR): Schedule DI— Consolidated Deposit Information. The changes are in response to the increased levels of deposit insurance for retirement accounts provided by the Federal Deposit Insurance Corporation (‘‘FDIC’’) Board of Directors on March 14, 2006, in final rules effective April 1, 2006, implementing certain provisions of the Federal Deposit Insurance Reform Act of 2005, (‘‘Reform Act’’) (Pub. L. 109–171). The proposed changes to the TFR are to become effective with the September 30, 2006, report. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which OTS should modify the proposed revisions prior to giving its final approval. OTS will then submit the revisions to the Office of Management and Budget (OMB) for review and approval. Submit written comments on or before June 27, 2006. ADDRESSES: Send comments to Information Collection Comments, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552; send facsimile transmissions to (202) 906–6518; send emails to infocollection.comments@ots.treas.gov; or hand deliver comments to the Guard’s Desk, east lobby entrance, 1700 G Street, NW., on business days between 9 a.m. and 4 p.m. All comments should refer to ‘‘TFR Revisions—September 2006, OMB No. 1550–0023.’’ OTS will post comments and the related index on the OTS Internet Site at https://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 public.info@ots.treas.gov, or send a facsimile transmission to (202) 906– 7755. DATES: You can access sample copies of the proposed September 2006 TFR form on OTS’s Web site at https:// www.ots.treas.gov or you may request them by electronic mail from tfr.instructions@ots.treas.gov. You can request additional information about this proposed information collection from James Caton, Director, Financial Monitoring and Analysis Division, (202) 906–5680, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. FOR FURTHER INFORMATION CONTACT: PO 00000 Frm 00150 Fmt 4703 Sfmt 4703 OTS may not conduct or sponsor an information collection, and respondents are not required to respond to an information collection, unless the information collection displays a currently valid OMB control number. In this notice, OTS is soliciting comments concerning the following information collection. Title: Thrift Financial Report. OMB Number: 1550–0023. Form Number: OTS 1313. Abstract: All OTS-regulated savings associations must comply with the information collections described in this notice. OTS collects this information each calendar quarter, or less frequently if so stated. OTS uses this information to monitor the condition, performance, and risk profile of individual institutions and the savings association industry as a whole. Except for selected items, these information collections are not given confidential treatment. Current Action: On March 14, 2006, the FDIC Board of Directors approved final rules pursuant to the Reform Act that will raise the deposit insurance coverage on certain retirement accounts at a bank or savings institution to $250,000 from $100,000. The increase, which became effective on April 1, 2006, is the result of a new law boosting federal deposit insurance coverage for the first time in more than 25 years. The basic insurance coverage for other deposit accounts, however, will remain at $100,000. Under the FDIC’s new rules, up to $250,000 in deposit insurance will be provided to a depositor with money in a variety of retirement accounts, primarily traditional and Roth IRAs (Individual Retirement Accounts), at one insured institution. Other types of accounts included under the new deposit insurance limit are self-directed Keogh accounts, ‘‘457 Plan’’ accounts for state government employees, and employer-sponsored ‘‘defined contribution plan’’ accounts that are self-directed, which are primarily 401(k) accounts. In general, self-directed means the consumer chooses how and where the money is deposited. In addition, the IRAs and other retirement accounts that will be protected under the new rules to $250,000 are insured separately from other accounts at the same institution that will continue to be insured up to at least $100,000. Additional information about deposit insurance is available at the FDIC’s Web site, https:// www.fdic.gov. The new law also established a method by which the FDIC would consider an increase in the insurance SUPPLEMENTARY INFORMATION: E:\FR\FM\28APN1.SGM 28APN1

Agencies

[Federal Register Volume 71, Number 82 (Friday, April 28, 2006)]
[Notices]
[Pages 25281-25282]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-6451]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Proposed Agency Information Collection Activities; Comment 
Request--Fiduciary Powers of Federal Savings Associations

AGENCY: Office of Thrift Supervision (OTS), Treasury.

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

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 comment on proposed and continuing 
information collections, as required by the Paperwork Reduction Act of 
1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the 
Department of the Treasury will submit the proposed information 
collection requirement described below to the Office of Management and 
Budget (OMB) for review, as required by the Paperwork Reduction Act. 
Today, OTS is soliciting public comments on its proposal to revise this 
information collection.

DATES: Submit written comments on or before June 27, 2006.

ADDRESSES: Send comments, referring to the collection by title of the 
proposal or by OMB approval number, to Information Collection Comments, 
Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street, 
NW., Washington, DC 20552; send a facsimile transmission to (202) 906-
6518; or send an e-mail to infocollection.comments@ots.treas.gov. OTS 
will post comments and the related index on the OTS Internet Site at 
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 
public.info@ots.treas.gov, or send a facsimile transmission to (202) 
906-7755.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
about this proposed information collection revision from John R. 
Rudolph, Trust Policy Specialist, Office of Thrift Supervision, 1700 G 
Street, NW., Washington, DC 20552; send an e-mail to 
john.rudolph@ots.treas.gov; or telephone (202) 906-6153.

SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an 
information collection, and respondents are not required to respond to 
an information collection, unless the information collection displays a 
currently valid OMB control number. As part of the approval process, we 
invite comments on the following information collection.
    Comments should address one or more of the following points:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the functions of OTS;
    b. The accuracy of OTS's estimate of the burden of the proposed 
information collection;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of the information collection on 
respondents, including through the use of information technology.
    We will summarize the comments that we receive and include them in 
the OTS request for OMB approval. All comments will become a matter of 
public record. In this notice, OTS is soliciting comments concerning 
the following information collection.
    Title of Proposal: Fiduciary Powers of Federal Savings 
Associations.
    OMB Number: 1550-0037.
    Form Number: OTS Form 1240.
    Regulation requirement: 12 CFR 550.70(a), (b), and (c); 12 CFR 
550.80 through 120; 12 CFR 550.125.
    Description: OTS must know when a Federal savings association is 
acting in a fiduciary capacity in order to establish effective 
oversight of those activities. This comment request addresses revisions 
to OTS Form 1240--Application for Fiduciary Powers. The form is being 
revised to update the information OTS requires in order to make a 
determination whether to approve or deny an application for fiduciary 
powers.
    12 CFR 550.70(a) requires that a Federal savings association that 
wants to conduct fiduciary activities for the first time, and for which 
OTS has not previously approved an application submitted under this 
part, must obtain prior approval from OTS before it may conduct the 
activities. 12 CFR 550.70(b) requires that a Federal savings 
association that wants to conduct fiduciary activities that are 
materially different from the activities that OTS has previously 
approved for it, including fiduciary activities that OTS has previously 
approved that have not

[[Page 25282]]

been exercised for at least five years, must obtain prior approval from 
OTS before it may conduct the activities. 12 CFR 550.80 through 120 
describe the process for obtaining OTS approval of the application for 
fiduciary powers. Instructions for filing the application are found at 
12 CFR 516, subpart A.
    In addition, Sec.  550.70(c) of OTS's regulations requires that a 
federal savings association that wants to commence in a new state 
fiduciary activities that are not materially different from those that 
OTS has already approved, must file a notice with OTS. Instructions for 
filing the notice are found at 12 CFR 550.125.
    Type of Review: Revision.
    Affected Public: Federal savings associations.
    Estimated Number of Respondents: Application--12 respondents; 
Notice--10 respondents.
    Estimated Number of Responses: Application--12 respondents; 
Notice--10 respondents.
    Estimated Burden Hours per Response: Application--27 hours; 
Notice--3 hours.
    Estimated Frequency of Response: Event-generated.
    Estimated Total Burden: 354 hours.
    Clearance Officer: Marilyn K. Burton, (202) 906-6467, Office of 
Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.

    Dated: April 24, 2006.
Deborah Dakin,
Senior Deputy Chief Counsel, Regulations and Legislation Division.
[FR Doc. E6-6451 Filed 4-27-06; 8:45 am]
BILLING CODE 6720-01-P

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