Proposed Agency Information Collection Activities; Comment Request-Notice of Hiring or Indemnifying Senior Executive Officers or Directors, 67785-67786 [E7-23264]

Agencies

• DEPARTMENT OF THE TREASURY
• Office of Thrift Supervision
• Thrift Supervision Office

[Federal Register Volume 72, Number 230 (Friday, November 30, 2007)]
[Notices]
[Pages 67785-67786]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-23264]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Proposed Agency Information Collection Activities; Comment 
Request--Notice of Hiring or Indemnifying Senior Executive Officers or 
Directors

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

ACTION: Notice and request for comment.

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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 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

[[Page 67786]]

Reduction Act. Today, OTS is soliciting public comments on its proposal 
to extend this information collection.

DATES: Submit written comments on or before January 29, 2008.

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 
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.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
about this proposed information collection from Patricia D. Goings, 
(202) 906-5668, Office of Thrift Supervision, 1700 G Street, NW., 
Washington, DC 20552.

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: Notice of Hiring or Indemnifying Senior 
Executive Officers or Directors.
    OMB Number: 1550-0047.
    Form Number: 1606.
    Regulation requirement: 12 CFR 545.121.
    Description: Pursuant to 12 U.S.C. 1817(j), persons who proposed to 
acquire control of a savings association or savings and loan holding 
company must provide prior written notice to the Office of Thrift 
Supervision (OTS). That notice will now be made on the ``Interagency 
Notice of Change in Director or Senior Executive Officer'' and 
supplemented, as necessary, by information on the ``Interagency 
Biographical and Financial Report.'' Required notices must include at a 
minimum the information described in 12 U.S.C. 1817(j)(6)(A).
    OTS is required to make a determination as to the hiring or 
appointment of senior executive officers or directors at savings 
institutions or thrift holding companies. The OTS's determination must 
be based upon an evaluation of the individual's competence, experience, 
character, and integrity. The information required by the collection is 
necessary to make this determination. Without this information, the OTS 
cannot accomplish the statutory requirement designed to protect the 
interests of the Savings Association Insurance Fund.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 886.
    Estimated Number of Responses: 886.
    Estimated Frequency of Response: Other: As required per 
transaction.
    Estimated Total Burden: 5,149 hours.
    Clearance Officer: Ira L. Mills, (202) 906-6531, Office of Thrift 
Supervision, 1700 G Street, NW., Washington, DC 20552.

    Dated: November 23, 2007.
Deborah Dakin,
Senior Deputy Chief Counsel, Regulations and Legislation Division.
[FR Doc. E7-23264 Filed 11-29-07; 8:45 am]
BILLING CODE 6720-01-P