Veterans' Disability Benefits Commission; Notice of Meeting, 47867-47868 [06-6991]

Download as PDF Federal Register / Vol. 71, No. 160 / Friday, August 18, 2006 / Notices jlentini on PROD1PC65 with NOTICES increase in the current reporting burden imposed by the TFR. The following burden estimates include the effect of the proposed revisions. Title: Thrift Financial Report. OMB Number: 1550–0023. Form Number: OTS 1313. Statutory Requirement: 12 U.S.C. 1464(v) imposes reporting requirements for savings associations. Except for selected items, these information collections are not given confidential treatment. Type of Review: Revision of currently approved collections. Affected Public: Savings associations. Estimated Number of Respondents and Recordkeepers: 854. Estimated Burden Hours per Respondent: 36.5 burden hours. Estimated Frequency of Response: Quarterly. Estimated Total Annual Burden: 124,684 burden hours. 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 systemic risk among groups of institutions and the industry as a whole. Except for selected items, these information collections are not given confidential treatment. I. Background On March 14, 2006, the FDIC Board of Directors approved interim 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 increasing Federal deposit insurance coverage for the first time in more than 25 years. The basic insurance coverage for other deposit accounts for individuals, joint accountholders, businesses, government entities, and trusts—remains 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 VerDate Aug<31>2005 18:35 Aug 17, 2006 Jkt 208001 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 limits on all deposit accounts (including retirement accounts) in the future, but only every five years starting in 2011. Any such increase would be based, in part, on inflation. Otherwise, accounts will continue to be insured as described above. The new law also merged the Bank Insurance Fund and the Savings Association Insurance Fund into a new Deposit Insurance Fund. As a result of these changes in deposit insurance for retirement accounts held at FDIC-insured depository institutions, OTS considered a range of potential information needs and identified those additions to the TFR that are believed to be most critical and relevant to OTS as it seeks to fulfill its supervisory responsibilities. At the same time, OTS identified certain existing TFR data that are no longer relevant or useful to warrant their continued collection. OTS believes that the reporting burden that would result from the new TFR items discussed in this proposal would increase only slightly due to the proposed elimination of a limited number of other TFR items. After savings associations make any necessary changes to their systems and records, OTS estimated that these deposit-related reporting changes would produce an average net increase of 0.4 hours per institution per year in the ongoing reporting burden of the TFR. Nevertheless, when viewing these proposed revisions to the TFR within a larger context, they are intended to maintain the effectiveness of the on- and off-site supervision activities of the OTS, which should help to control the overall regulatory burden on institutions. II. Current Actions OTS received comments on the April 2006 proposal from the American Bankers Association (ABA), a trade group whose members include savings associations. OTS also received a request from the Board of Governors of the Federal Reserve System to maintain PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 47867 line DI200, IRA/Keogh Accounts, for their use in monetary analysis. OTS has considered these comments and has decided to proceed with the proposed changes to Schedule DI, but will not eliminate line DI200, IRA/ Keogh Accounts. These changes will become effective on December 31, 2006. This decision is discussed below. ABA expressed concern about the short amount of time for savings associations to implement the revisions. ABA urged OTS to delay the reporting revisions until the FDIC finalizes its interim rule on retirement deposit account insurance and savings associations have had time to make necessary systems changes. The ABA noted that the amount of time that institutions have to prepare for these reporting revisions is shorter than usual and indicated that thrift deposit records and systems do not clearly distinguish the types of retirement deposit accounts eligible for the higher insurance coverage from other accounts. It also asserted that there is uncertainty in the thrift industry as to which retirement deposit accounts are eligible for the higher insurance coverage. To address these concerns, OTS will set the effective date of these changes at December 31, 2006. For the December 31, 2006, TFR, thrifts would be expected to have made appropriate systems changes to enable them to report reasonably accurate data on all types of retirement deposit accounts eligible for the $250,000 insurance coverage. Thrifts’ deposit records and systems should enable them to report information on all retirement deposit accounts in these TFR items in accordance with the applicable instructions. Dated: August 14, 2006. Deborah Dakin, Senior Deputy Chief Counsel, Regulations and Legislation Division. [FR Doc. E6–13668 Filed 8–17–06; 8:45 am] BILLING CODE 6720–01–P DEPARTMENT OF VETERANS AFFAIRS Veterans’ Disability Benefits Commission; Notice of Meeting The Department of Veterans Affairs (VA) gives notice under Public Law 92– 463 (Federal Advisory Committee Act) that the Veterans’ Disability Benefits Commission has scheduled a southern regional town hall meeting on Tuesday, September 5, 2006, from 7 p.m. until 9 p.m., at the Marriott Atlanta Century Center, 2000 Century Boulevard, NE., E:\FR\FM\18AUN1.SGM 18AUN1 47868 Federal Register / Vol. 71, No. 160 / Friday, August 18, 2006 / Notices jlentini on PROD1PC65 with NOTICES Atlanta, GA. The meeting is open to the public. The purpose of the Commission is to carry out a study of the benefits under the laws of the United States that are provided to compensate and assist veterans and their survivors for disabilities and deaths attributable to military service. The Commission is conducting the final of eight fact-finding, data-gathering site visits throughout the United States. The Atlanta area was selected based on criteria that included the concentration of veterans, active-duty service members and National Guard and Reserves, and the location of Veterans Benefits Administration, Veterans Health Administration, and Department of Defense (DoD) facilities, with particular interest in transition activities. The goal of this visit is to allow the commissioners the opportunity to tour local VA and DoD facilities; examine the processes in place which assist disabled veterans and service members, and survivors in their efforts to obtain benefits and to present these individuals and the general public with an opportunity to learn about the work of the Commission and to offer comments in face-to-face forums. Interested person may attend and present oral statements to the Commission. Time for each oral presentation will be limited to five minutes or less, depending on the number of participants. Interested parties may provide written comments for review by the Commission prior the meeting, by e-mail to: veterans@vetscommission.intranets.com VerDate Aug<31>2005 21:27 Aug 17, 2006 Jkt 208001 or by mail to: Mr. Ray Wilburn, Executive Director, Veterans’ Disability Benefits Commission, 1101 Pennsylvania Avenue, NW., 5th Floor, Washington, DC 20004. Dated: August 11, 2006. By Direction of the Secretary. E. Philip Riggin, Committee Management Officer. [FR Doc. 06–6991 Filed 8–17–06; 8:45 am] BILLING CODE 8320–01–M DEPARTMENT OF VETERANS AFFAIRS Advisory Committee on the Readjustment of Veterans; Notice of Meeting The Department of Veterans Affairs (VA) gives notice under Public Law 92– 463 (Federal Advisory Committee Act) that a meeting of the Advisory Committee on the Readjustment of Veterans will be held on September 7– 8, 2006, at The American Legion, Washington Office, at 1608 K Street, NW., Washington, DC from 8 a.m. to 4:30 p.m. each day. The meeting will be open to the public. The purpose of the Committee is to review the post-war readjustment needs of veterans and to evaluate the availability and effectiveness of VA programs to meet these needs. The agenda for September 7 will review the coordination of services between VA and the Department of Defense as this relates to ensuring a seamless transition for returning war veterans. The topics covered will PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 include deployment-related problems faced by service members and their families, and Battlemind Training as developed by the Walter Reed Army Institute for Research. On September 8 the Committee will be provided with an update on the current activities of the Readjustment Counseling Service Vet Center program to serve the veterans from Operation Enduring Freedom and Operation Iraqi Freedom. The agenda will also include a review of the partnership between VA and DOD in implementing the PostDeployment Health Reassessment Program; strategic planning activities, and drafting recommendations for the Committee’s next report to Congress. No time will be allocated at this meeting for receiving oral presentations from the public. However, members of the public may direct written questions or submit prepared statements for review by the Committee in advance to Mr. Charles M. Flora, M.S.W., Designated Federal Officer, Readjustment Counseling Service, Department of Veterans Affairs (15), 810 Vermont Avenue, NW., Washington, DC 20420. Those who plan to attend or have questions concerning the meeting may contact Mr. Flora at (202) 273–8969 or charles.flora@va.gov. Dated: August 9, 2006. By Direction of the Secretary. E. Philip Riggin, Committee Management Officer. [FR Doc. 06–6994 Filed 8–17–06; 8:45 am] BILLING CODE 8320–01–M E:\FR\FM\18AUN1.SGM 18AUN1

Agencies

[Federal Register Volume 71, Number 160 (Friday, August 18, 2006)]
[Notices]
[Pages 47867-47868]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-6991]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF VETERANS AFFAIRS


Veterans' Disability Benefits Commission; Notice of Meeting

    The Department of Veterans Affairs (VA) gives notice under Public 
Law 92-463 (Federal Advisory Committee Act) that the Veterans' 
Disability Benefits Commission has scheduled a southern regional town 
hall meeting on Tuesday, September 5, 2006, from 7 p.m. until 9 p.m., 
at the Marriott Atlanta Century Center, 2000 Century Boulevard, NE.,

[[Page 47868]]

Atlanta, GA. The meeting is open to the public.
    The purpose of the Commission is to carry out a study of the 
benefits under the laws of the United States that are provided to 
compensate and assist veterans and their survivors for disabilities and 
deaths attributable to military service.
    The Commission is conducting the final of eight fact-finding, data-
gathering site visits throughout the United States. The Atlanta area 
was selected based on criteria that included the concentration of 
veterans, active-duty service members and National Guard and Reserves, 
and the location of Veterans Benefits Administration, Veterans Health 
Administration, and Department of Defense (DoD) facilities, with 
particular interest in transition activities. The goal of this visit is 
to allow the commissioners the opportunity to tour local VA and DoD 
facilities; examine the processes in place which assist disabled 
veterans and service members, and survivors in their efforts to obtain 
benefits and to present these individuals and the general public with 
an opportunity to learn about the work of the Commission and to offer 
comments in face-to-face forums.
    Interested person may attend and present oral statements to the 
Commission. Time for each oral presentation will be limited to five 
minutes or less, depending on the number of participants. Interested 
parties may provide written comments for review by the Commission prior 
the meeting, by e-mail to: veterans@vetscommission.intranets.com or by 
mail to: Mr. Ray Wilburn, Executive Director, Veterans' Disability 
Benefits Commission, 1101 Pennsylvania Avenue, NW., 5th Floor, 
Washington, DC 20004.

    Dated: August 11, 2006.

    By Direction of the Secretary.
E. Philip Riggin,
Committee Management Officer.
[FR Doc. 06-6991 Filed 8-17-06; 8:45 am]
BILLING CODE 8320-01-M
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.