Information Collection; Submission for OMB Review; Comment Request, 34417-34418 [E6-9229]

Download as PDF Federal Register / Vol. 71, No. 114 / Wednesday, June 14, 2006 / Notices Estimated Total Burden Hours: 300 hours. OMB Number: 1545–1035. Type of Review: Extension. Title: Recapture of Low-Income Housing Cost. Description: Internal Revenue Code Section 42 permits owners of residential projects providing low-income housing to claim a credit against their income tax. If the property is disposed of or it fails to meet certain requirements over a 15-year compliance period and a bond is not posted, the owner must recapture on Form 8611 part of the credit(s) taken in prior years. Respondents: Business or other forprofit institutions, individuals and households. Estimated Total Burden Hours: 7,842 hours. Clearance Officer: Glenn P. Kirkland, Internal Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. (202) 622–3428. OMB Reviewer: Alexander T. Hunt, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503. (202) 395–7316. Robert Dahl, Treasury PRA Clearance Officer. [FR Doc. E6–9273 Filed 6–13–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Information Collection; Submission for OMB Review; Comment Request Office of the Comptroller of the Currency, Treasury. ACTION: Notice and request for comment. rwilkins on PROD1PC63 with NOTICES AGENCY: 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. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. The OCC is soliciting comment concerning its information collection titled, ‘‘International Regulation—Part 28.’’ The OCC also gives notice that it has sent the information collection to the Office of Management and Budget (OMB) for review. DATES: Comments must be received by July 14, 2006. VerDate Aug<31>2005 19:47 Jun 13, 2006 Jkt 208001 Communications Division, Office of the Comptroller of the Currency, Public Information Room, Mailstop 1–5, Attention: 1557–0102, 250 E Street, SW., Washington, DC 20219. In addition, 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 the comments at the OCC’s Public Information Room, 250 E Street, SW., Washington, DC 20219. You can make an appointment to inspect the comments by calling (202) 874–5043. Additionally, you should send a copy of your comments to OCC Desk Officer, 1557–0102, by mail to U.S. Office of Management and Budget, 725, 17th Street, NW., #10235, Washington, DC 20503, or by fax to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: You can request additional information or a copy of the collection from Mary Gottlieb, OCC Clearance Officer, or Camille Dickerson, (202) 874–5090, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval of the following information collection: Title: International Regulation—Part 28. OMB Number: 1557–0102. Description: This submission covers an existing regulation and involves no change to the regulation or to the information collection requirements. The OCC requests only that OMB extend its approval of the information collection. 12 CFR part 28 contains the following collections of information: 12 CFR 28.3 Filing Requirements for Foreign Operations of a National Bank—Notice Requirement: A national bank shall notify the OCC when it: • Files an application, notice, or report with the FRB to establish or open a foreign branch, or acquire or divest of an interest in, or close, an Edge corporation, Agreement corporation, foreign bank, or other foreign organization. • Opens a foreign branch, and no application or notice is required by the FRB for such transaction. • Files an application to join a foreign exchange, clearinghouse, or similar type of organization. In lieu of a notice, the OCC may accept a copy of an application, notice, or report submitted to another Federal agency that covers the proposed action and contains substantially the same information required by the OCC. A ADDRESSES: PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 34417 national bank shall furnish the OCC with any additional information the OCC may require in connection with the national bank’s foreign operations. 12 CFR 28.12(a) Covered under Information Collection 1557–0014 (Comptroller’s Licensing Manual) Approval of a Federal branch or agency—Approval and Licensing Requirements: A foreign bank shall submit an application to, and obtain prior approval from the OCC before it establishes a Federal branch or agency, or exercises fiduciary powers at a Federal branch (a foreign bank may submit an application to exercise fiduciary powers at the time of filing an application for a Federal branch or at any subsequent date). 12 CFR 28.12(e)(2) Covered under Information Collection 1557–0014 (Comptroller’s Licensing Manual) Approval of a Federal branch or agency—Written Notice for Additional Intrastate Branches or Agencies: A foreign bank shall provide written notice to the OCC 30 days in advance of the establishment of an intrastate branch or agency. 12 CFR 28.12(h) Covered under Information Collection 1557–0014 (Comptroller’s Licensing Manual) Approval of a Federal Branch or Agency—After-the-fact Notice for Eligible Foreign Banks: A foreign bank proposing to establish a Federal branch or agency through the acquisition of, or merger or consolidation with, a foreign bank that has an existing bank subsidiary, branch, or agency, shall provide after-the-fact notice within 14 days of the transaction to the OCC if (1) the resulting bank is an ‘‘eligible foreign bank’’ within the meaning of § 28.12(f) and (2) no Federal branch established by the transaction is insured. 12 CFR 28.12(i) Covered under Information Collection 1557–0014 (Comptroller’s Licensing Manual) Approval of a Federal Branch or Agency—Contraction of Operations: A foreign bank shall provide written notice to the OCC within 10 days after converting a Federal branch into a limited Federal branch of a Federal agency. 12 CFR 28.14(c) Limitations Based upon Capital of a Foreign Bank— Aggregation: A foreign bank shall designate one Federal branch or agency office in the United States to maintain consolidated information so that the OCC can monitor compliance. 12 CFR 28.15(d), (d)(2), and (f) Capital Equivalency Deposits: Deposit arrangements: • A foreign bank should require its depository bank to segregate its capital E:\FR\FM\14JNN1.SGM 14JNN1 rwilkins on PROD1PC63 with NOTICES 34418 Federal Register / Vol. 71, No. 114 / Wednesday, June 14, 2006 / Notices equivalency deposits on the depository bank’s books and records. • The funds deposited and obligations that are placed in safekeeping at a depository bank to satisfy a foreign bank’s capital equivalency deposit requirement must be maintained pursuant to an agreement prescribed by the OCC that shall be a written agreement entered into with the OCC. Maintenance of capital equivalency ledger account: Each Federal branch or agency shall maintain a capital equivalency account and keep records of the amount of liabilities requiring capital equivalency coverage in a manner and form prescribed by the OCC. 12 CFR 28.15(d)(1) Capital Equivalency Deposits—Deposit Arrangements: A foreign bank’s capital equivalency deposits may not be reduced in value below the minimum required for that branch or agency without the prior approval of the OCC, but in no event below the statutory minimum. 12 CFR 28.16(c) Deposit-taking by an Uninsured Federal branch—Application for an Exemption: A foreign bank may apply to the OCC for an exemption to permit an uninsured Federal branch to accept or maintain deposit accounts that are not listed in paragraph (b) of this section. The request should describe: • The types, sources, and estimated amount of such deposits and explain why the OCC should grant an exemption; • How the exemption maintains and furthers the policies described in paragraph (a) of this section. 12 CFR 28.16(d) Deposit taking by an uninsured Federal branch—Aggregation of deposits: A foreign bank that has more than one Federal branch in the same state may aggregate deposits in all of its Federal branches in that state, but exclude deposits of other branches, agencies or wholly owned subsidiaries of the bank. The Federal branch shall compute the average amount by using the sum of deposits as of the close of business of the last 30 calendar days ending with and including the last day of the calendar quarter, divided by 30. The Federal branch shall maintain records of the calculation until its next examination by the OCC. 12 CFR 28.17 Covered under Information Collection 1557–0014 (Comptroller’s Licensing Manual) Notice of Change in Activity or Operations: A Federal branch or agency shall notify the OCC if it changes its corporate title; changes its mailing address; converts to a state branch, state agency, or representative office; or the parent VerDate Aug<31>2005 19:47 Jun 13, 2006 Jkt 208001 foreign bank changes the designation of its home state. 12 CFR 28.18(c)(1) Recordkeeping and Reporting—Maintenance of Accounts, Books, and Records: Each Federal branch or agency shall maintain a set of accounts and records reflecting its transactions that are separate from those of the foreign bank and any other branch or agency. The Federal branch or agency shall keep a set of accounts and records in English sufficient to permit the OCC to examine the condition of the Federal branch or agency and its compliance with applicable laws and regulations. 28.20(a)(1) Maintenance of Assets— General Rule: The OCC may require a foreign bank to hold certain assets, with the approval of the OCC, in the state in which its Federal branch or agency is located. 12 CFR 28.22 (b) Covered under Information Collection 1557–0014 (Comptroller’s Licensing Manual) Voluntary Liquidation: Notice to customers and creditors—A foreign bank shall publish notice of the impending closure of each Federal branch or agency for a period of two months in every issue of a local newspaper where the Federal branch or agency is located. If only weekly publication is available, the notice must be published for nine consecutive weeks. 12 CFR 28.22(e) Reports of Examination: The Federal branch or agency shall send the OCC certification that all of its Reports of Examination have been destroyed or return its Reports of Examination to the OCC. 12 CFR 28.25(a) Covered under Information Collection 1557–0014 (Comptroller’s Licensing Manual) Change in Control—After-the-fact Notice: A foreign bank that operates a Federal branch or agency shall inform the OCC in writing of the direct or indirect acquisition of control of the foreign bank by any person or entity, or group of persons or entities acting in concert, within 14 calendar days after the foreign bank becomes aware of a change in control. 12 CFR 28.52 Covered under Information Collection 1557–0081 (MA)—Reports of Condition and Income (Interagency Call Report), FFIEC 031, FFIEC 041 Allocated Transfer Risk Reserve: A banking institution shall establish an allocated transfer risk reserve for specified international assets when required by the OCC. 12 CFR 28.53 Accounting for Fees on International Loans: Sets forth restrictions on fees and specifies accounting treatment for international loans. PO 00000 Frm 00119 Fmt 4703 Sfmt 4703 12 CFR 28.54 Covered under Information Collection 1557–0100 Country Exposure Report and Country Exposure Information Report (FFIEC 009, FFIEC 009a) Reporting and Disclosure of International Assets: A banking institution shall submit to the OCC, at least quarterly, information regarding the amounts and composition of its holdings of international assets. A banking institution shall submit to the OCC information regarding concentrations in its holdings of international assets that are material in relation to total assets and to capital of the institution. Type of Review: Extension of a currently approved collection. Affected Public: Individuals; Businesses or other for-profit. Estimated Number of Respondents: 79. Estimated Total Annual Responses: 117. Frequency of Response: On occasion. Estimated Total Annual Burden: 3,661.5. 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 8, 2006. Stuart Feldstein, Assistant Director, Legislative and Regulatory Activities Division. [FR Doc. E6–9229 Filed 6–13–06; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF VETERANS AFFAIRS Joint Biomedical Laboratory Research and Development and Clinical Science Research and Development Services Scientific Merit Review Board; Notice of Meeting The Department of Veterans Affairs gives notice under the Public Law 92– E:\FR\FM\14JNN1.SGM 14JNN1

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[Federal Register Volume 71, Number 114 (Wednesday, June 14, 2006)]
[Notices]
[Pages 34417-34418]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-9229]


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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: Notice and request for comment.

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

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. An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless it displays a 
currently valid OMB control number. The OCC is soliciting comment 
concerning its information collection titled, ``International 
Regulation--Part 28.'' The OCC also gives notice that it has sent the 
information collection to the Office of Management and Budget (OMB) for 
review.

DATES: Comments must be received by July 14, 2006.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Public Information Room, Mailstop 1-5, Attention: 1557-0102, 
250 E Street, SW., Washington, DC 20219. In addition, 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 the comments 
at the OCC's Public Information Room, 250 E Street, SW., Washington, DC 
20219. You can make an appointment to inspect the comments by calling 
(202) 874-5043.
    Additionally, you should send a copy of your comments to OCC Desk 
Officer, 1557-0102, by mail to U.S. Office of Management and Budget, 
725, 17th Street, NW., 10235, Washington, DC 20503, or by fax 
to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Mary Gottlieb, OCC Clearance Officer, 
or Camille Dickerson, (202) 874-5090, Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 250 E 
Street, SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval 
of the following information collection:
    Title: International Regulation--Part 28.
    OMB Number: 1557-0102.
    Description: This submission covers an existing regulation and 
involves no change to the regulation or to the information collection 
requirements. The OCC requests only that OMB extend its approval of the 
information collection.
    12 CFR part 28 contains the following collections of information:
    12 CFR 28.3 Filing Requirements for Foreign Operations of a 
National Bank--Notice Requirement: A national bank shall notify the OCC 
when it:
     Files an application, notice, or report with the FRB to 
establish or open a foreign branch, or acquire or divest of an interest 
in, or close, an Edge corporation, Agreement corporation, foreign bank, 
or other foreign organization.
     Opens a foreign branch, and no application or notice is 
required by the FRB for such transaction.
     Files an application to join a foreign exchange, 
clearinghouse, or similar type of organization.
    In lieu of a notice, the OCC may accept a copy of an application, 
notice, or report submitted to another Federal agency that covers the 
proposed action and contains substantially the same information 
required by the OCC. A national bank shall furnish the OCC with any 
additional information the OCC may require in connection with the 
national bank's foreign operations.
    12 CFR 28.12(a) Covered under Information Collection 1557-0014 
(Comptroller's Licensing Manual) Approval of a Federal branch or 
agency--Approval and Licensing Requirements: A foreign bank shall 
submit an application to, and obtain prior approval from the OCC before 
it establishes a Federal branch or agency, or exercises fiduciary 
powers at a Federal branch (a foreign bank may submit an application to 
exercise fiduciary powers at the time of filing an application for a 
Federal branch or at any subsequent date).
    12 CFR 28.12(e)(2) Covered under Information Collection 1557-0014 
(Comptroller's Licensing Manual) Approval of a Federal branch or 
agency--Written Notice for Additional Intrastate Branches or Agencies: 
A foreign bank shall provide written notice to the OCC 30 days in 
advance of the establishment of an intrastate branch or agency.
    12 CFR 28.12(h) Covered under Information Collection 1557-0014 
(Comptroller's Licensing Manual) Approval of a Federal Branch or 
Agency--After-the-fact Notice for Eligible Foreign Banks: A foreign 
bank proposing to establish a Federal branch or agency through the 
acquisition of, or merger or consolidation with, a foreign bank that 
has an existing bank subsidiary, branch, or agency, shall provide 
after-the-fact notice within 14 days of the transaction to the OCC if 
(1) the resulting bank is an ``eligible foreign bank'' within the 
meaning of Sec.  28.12(f) and (2) no Federal branch established by the 
transaction is insured.
    12 CFR 28.12(i) Covered under Information Collection 1557-0014 
(Comptroller's Licensing Manual) Approval of a Federal Branch or 
Agency--Contraction of Operations: A foreign bank shall provide written 
notice to the OCC within 10 days after converting a Federal branch into 
a limited Federal branch of a Federal agency.
    12 CFR 28.14(c) Limitations Based upon Capital of a Foreign Bank--
Aggregation: A foreign bank shall designate one Federal branch or 
agency office in the United States to maintain consolidated information 
so that the OCC can monitor compliance.
    12 CFR 28.15(d), (d)(2), and (f) Capital Equivalency Deposits: 
Deposit arrangements:
     A foreign bank should require its depository bank to 
segregate its capital

[[Page 34418]]

equivalency deposits on the depository bank's books and records.
     The funds deposited and obligations that are placed in 
safekeeping at a depository bank to satisfy a foreign bank's capital 
equivalency deposit requirement must be maintained pursuant to an 
agreement prescribed by the OCC that shall be a written agreement 
entered into with the OCC.
    Maintenance of capital equivalency ledger account: Each Federal 
branch or agency shall maintain a capital equivalency account and keep 
records of the amount of liabilities requiring capital equivalency 
coverage in a manner and form prescribed by the OCC.
    12 CFR 28.15(d)(1) Capital Equivalency Deposits--Deposit 
Arrangements: A foreign bank's capital equivalency deposits may not be 
reduced in value below the minimum required for that branch or agency 
without the prior approval of the OCC, but in no event below the 
statutory minimum.
    12 CFR 28.16(c) Deposit-taking by an Uninsured Federal branch--
Application for an Exemption: A foreign bank may apply to the OCC for 
an exemption to permit an uninsured Federal branch to accept or 
maintain deposit accounts that are not listed in paragraph (b) of this 
section. The request should describe:
     The types, sources, and estimated amount of such deposits 
and explain why the OCC should grant an exemption;
     How the exemption maintains and furthers the policies 
described in paragraph (a) of this section.
    12 CFR 28.16(d) Deposit taking by an uninsured Federal branch--
Aggregation of deposits: A foreign bank that has more than one Federal 
branch in the same state may aggregate deposits in all of its Federal 
branches in that state, but exclude deposits of other branches, 
agencies or wholly owned subsidiaries of the bank. The Federal branch 
shall compute the average amount by using the sum of deposits as of the 
close of business of the last 30 calendar days ending with and 
including the last day of the calendar quarter, divided by 30. The 
Federal branch shall maintain records of the calculation until its next 
examination by the OCC.
    12 CFR 28.17 Covered under Information Collection 1557-0014 
(Comptroller's Licensing Manual) Notice of Change in Activity or 
Operations: A Federal branch or agency shall notify the OCC if it 
changes its corporate title; changes its mailing address; converts to a 
state branch, state agency, or representative office; or the parent 
foreign bank changes the designation of its home state.
    12 CFR 28.18(c)(1) Recordkeeping and Reporting--Maintenance of 
Accounts, Books, and Records: Each Federal branch or agency shall 
maintain a set of accounts and records reflecting its transactions that 
are separate from those of the foreign bank and any other branch or 
agency. The Federal branch or agency shall keep a set of accounts and 
records in English sufficient to permit the OCC to examine the 
condition of the Federal branch or agency and its compliance with 
applicable laws and regulations.
    28.20(a)(1) Maintenance of Assets--General Rule: The OCC may 
require a foreign bank to hold certain assets, with the approval of the 
OCC, in the state in which its Federal branch or agency is located.
    12 CFR 28.22 (b) Covered under Information Collection 1557-0014 
(Comptroller's Licensing Manual) Voluntary Liquidation: Notice to 
customers and creditors--A foreign bank shall publish notice of the 
impending closure of each Federal branch or agency for a period of two 
months in every issue of a local newspaper where the Federal branch or 
agency is located. If only weekly publication is available, the notice 
must be published for nine consecutive weeks.
    12 CFR 28.22(e) Reports of Examination: The Federal branch or 
agency shall send the OCC certification that all of its Reports of 
Examination have been destroyed or return its Reports of Examination to 
the OCC.
    12 CFR 28.25(a) Covered under Information Collection 1557-0014 
(Comptroller's Licensing Manual) Change in Control--After-the-fact 
Notice: A foreign bank that operates a Federal branch or agency shall 
inform the OCC in writing of the direct or indirect acquisition of 
control of the foreign bank by any person or entity, or group of 
persons or entities acting in concert, within 14 calendar days after 
the foreign bank becomes aware of a change in control.
    12 CFR 28.52 Covered under Information Collection 1557-0081 (MA)--
Reports of Condition and Income (Interagency Call Report), FFIEC 031, 
FFIEC 041 Allocated Transfer Risk Reserve: A banking institution shall 
establish an allocated transfer risk reserve for specified 
international assets when required by the OCC.
    12 CFR 28.53 Accounting for Fees on International Loans: Sets forth 
restrictions on fees and specifies accounting treatment for 
international loans.
    12 CFR 28.54 Covered under Information Collection 1557-0100 Country 
Exposure Report and Country Exposure Information Report (FFIEC 009, 
FFIEC 009a) Reporting and Disclosure of International Assets: A banking 
institution shall submit to the OCC, at least quarterly, information 
regarding the amounts and composition of its holdings of international 
assets. A banking institution shall submit to the OCC information 
regarding concentrations in its holdings of international assets that 
are material in relation to total assets and to capital of the 
institution.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals; Businesses or other for-profit.
    Estimated Number of Respondents: 79.
    Estimated Total Annual Responses: 117.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden: 3,661.5.
    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 8, 2006.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. E6-9229 Filed 6-13-06; 8:45 am]
BILLING CODE 4810-33-P