Financial Management Policies-Interest Rate Risk, 22467 [E8-9080]

Download as PDF sroberts on PROD1PC70 with NOTICES Federal Register / Vol. 73, No. 81 / Friday, April 25, 2008 / Notices approval process, we invite comments on the following information collection. Title of Proposal: Branch Offices. OMB Number: 1550–0006. Form Numbers: 1450 and 1558. Description: Pursuant to 12 CFR 545.93, a Federal savings association must file an application or notice and receive OTS approval or non-objection under § 545.95 before the applicant can change the permanent location of, or establish a new, home or branch office, except as provided in this section. Pursuant to 12 CFR 545.95, applications and notices under § 545.93 are subject to expedited or standard treatment under the application processing procedures at part 516 of this chapter. Such applications or notices must be in a form prescribed by OTS. OTS’s Applications for Permission to Establish a Branch Office and Change of Location of an Office are designed to provide the minimum amount of information necessary to determine whether the request meets OTS’s criteria for approval of these activities. Pursuant to 12 CFR 516.80, the applicant must publish a notice in a newspaper printed in the English language. If the OTS determines that the primary language of a significant number of adult residents of the community is a language other than English, the OTS may require that the applicant simultaneously publish additional notice(s) in the community in the appropriate language. Section 228 of the Federal Deposit Insurance Corporation Improvement Act of 1991 requires each insured depository institution to give 90 days prior written notice of any branch closing to its primary federal regulator and to branch customers. The notice to the regulator must include a detailed statement of the reasons for the decision to close the branch and information in support of those reasons. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit. Estimated Number of Respondents: 584. Estimated Number of Responses: 584. Estimated Burden Hours per Response: 1 hour and 29 minutes for the application; 1 hour for Third Party Disclosure; and 10 minutes for a change application. Estimated Frequency of Response: Other; Prior to branching activity. Estimated Total Burden: 611 hours. Clearance Officer: Ira L. Mills, (202) 906–6531, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. VerDate Aug<31>2005 20:20 Apr 24, 2008 Jkt 214001 Dated: April 21, 2008. Deborah Dakin, Senior Deputy Chief Counsel, Regulations and Legislation Division. [FR Doc. E8–9078 Filed 4–24–08; 8:45 am] BILLING CODE 6720–01–P DEPARTMENT OF THE TREASURY Office of Thrift Supervision Financial Management Policies— Interest Rate Risk Office of Thrift Supervision (OTS), Treasury. ACTION: Notice and request for comment. AGENCY: SUMMARY: The proposed information collection request (ICR) described below has been submitted to the Office of Management and Budget (OMB) for review and approval, as required by the Paperwork Reduction Act of 1995. OTS is soliciting public comments on the proposal. Submit written comments on or before May 27, 2008. A copy of this ICR, with applicable supporting documentation, can be obtained from RegInfo.gov at http://www.reginfo.gov/ public/do/PRAMain. ADDRESSES: Send comments, referring to the collection by title of the proposal or by OMB approval number, to OMB and OTS at these addresses: Office of Information and Regulatory Affairs, Attention: Desk Officer for OTS, U.S. Office of Management and Budget, 725 17th Street, NW., Room 10235, Washington, DC 20503, or by fax to (202) 395–6974; and Information Collection Comments, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, by fax to (202) 906–6518, or by 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 public.info@ots.treas.gov, or send a facsimile transmission to (202) 906– 7755. DATES: For further information or to obtain a copy of the submission to OMB, please contact Ira L. Mills at, ira.mills@ots.treas.gov, (202) 906–6531, or facsimile number (202) 906–6518, Regulations and Litigation Division, Chief Counsel’s Office, Office of Thrift FOR FURTHER INFORMATION CONTACT: PO 00000 Frm 00147 Fmt 4703 Sfmt 4703 22467 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. Title of Proposal: Financial Management Policies—Interest Rate Risk. OMB Number: 1550–0094. Form Numbers: N/A. Description: The purpose of this collection requirement is to ensure that institutions are appropriately managing their exposure to interest rate risk. To comply with this reporting requirement, institutions need to maintain sufficient records for determining how their interest rate risk exposure is being internally monitored and managed, and how their exposure compares with that of other institutions. OTS uses the information in connection with a model to advise savings associations in OTS’s supervision of their activities related to interest rate risk. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit. Estimated Number of Respondents: 832. Estimated Number of Responses: 832. Estimated Burden Hours per Response: 8 hours. Estimated Frequency of Response: Quarterly; Annually. Estimated Total Burden: 33,280 hours. Clearance Officer: Ira L. Mills, (202) 906–6531, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. Dated: April 21, 2007. Deborah Dakin, Senior Deputy Chief Counsel, Regulations and Legislation Division. [FR Doc. E8–9080 Filed 4–24–08; 8:45 am] BILLING CODE 6720–01–P DEPARTMENT OF THE TREASURY Office of Thrift Supervision Request for Service Corporation Activity Office of Thrift Supervision (OTS), Treasury. ACTION: Notice and request for comment. AGENCY: SUMMARY: The proposed information collection request (ICR) described below E:\FR\FM\25APN1.SGM 25APN1

Agencies

[Federal Register Volume 73, Number 81 (Friday, April 25, 2008)]
[Notices]
[Page 22467]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-9080]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Financial Management Policies--Interest Rate Risk

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

ACTION: Notice and request for comment.

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SUMMARY: The proposed information collection request (ICR) described 
below has been submitted to the Office of Management and Budget (OMB) 
for review and approval, as required by the Paperwork Reduction Act of 
1995. OTS is soliciting public comments on the proposal.

DATES: Submit written comments on or before May 27, 2008. A copy of 
this ICR, with applicable supporting documentation, can be obtained 
from RegInfo.gov at http://www.reginfo.gov/public/do/PRAMain.

ADDRESSES: Send comments, referring to the collection by title of the 
proposal or by OMB approval number, to OMB and OTS at these addresses: 
Office of Information and Regulatory Affairs, Attention: Desk Officer 
for OTS, U.S. Office of Management and Budget, 725 17th Street, NW., 
Room 10235, Washington, DC 20503, or by fax to (202) 395-6974; and 
Information Collection Comments, Chief Counsel's Office, Office of 
Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, by fax to 
(202) 906-6518, or by 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 public.info@ots.treas.gov, or send a facsimile transmission to 
(202) 906-7755.

FOR FURTHER INFORMATION CONTACT: For further information or to obtain a 
copy of the submission to OMB, please contact Ira L. Mills at, 
ira.mills@ots.treas.gov, (202) 906-6531, or facsimile number (202) 906-
6518, Regulations and Litigation Division, Chief Counsel's Office, 
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.
    Title of Proposal: Financial Management Policies--Interest Rate 
Risk.
    OMB Number: 1550-0094.
    Form Numbers: N/A.
    Description: The purpose of this collection requirement is to 
ensure that institutions are appropriately managing their exposure to 
interest rate risk. To comply with this reporting requirement, 
institutions need to maintain sufficient records for determining how 
their interest rate risk exposure is being internally monitored and 
managed, and how their exposure compares with that of other 
institutions.
    OTS uses the information in connection with a model to advise 
savings associations in OTS's supervision of their activities related 
to interest rate risk.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 832.
    Estimated Number of Responses: 832.
    Estimated Burden Hours per Response: 8 hours.
    Estimated Frequency of Response: Quarterly; Annually.
    Estimated Total Burden: 33,280 hours.
    Clearance Officer: Ira L. Mills, (202) 906-6531, Office of Thrift 
Supervision, 1700 G Street, NW., Washington, DC 20552.

    Dated: April 21, 2007.
Deborah Dakin,
Senior Deputy Chief Counsel, Regulations and Legislation Division.
[FR Doc. E8-9080 Filed 4-24-08; 8:45 am]
BILLING CODE 6720-01-P