Agency Information Collection Activities: Proposed Information Collection; Comment Request, 1762-1763 [E9-433]
Download as PDF
<![CDATA[
1762
Federal Register / Vol. 74, No. 8 / Tuesday, January 13, 2009 / Notices
Release of non-public OCC information
when the requester did not have
sufficient legal grounds to obtain the
information would inhibit open
consultation between a bank and the
OCC, thereby impairing the OCC’s
supervisory and regulatory mission. The
OCC is entitled, under statute and case
law, to require requesters to
demonstrate that they have sufficient
legal grounds for the OCC to release
non-public OCC information. The OCC
needs to know the requester’s legal
grounds to determine if it should release
the requested non-public OCC
information.
The information requirements in 12
CFR part 4, subpart C, are located as
follows:
• 12 CFR 4.33: Request for non-public
OCC records or testimony.
• 12 CFR 4.35(b)(3): Third parties
requesting testimony.
• 12 CFR 4.37(a)(2): OCC former
employee notifying OCC of subpoena.
• 12 CFR 4.37(a) and (b): Limitation
on dissemination of released
information.
• 12 CFR 4.39(d): Request for
authenticated records or certificate of
nonexistence of records.
The OCC uses the information to
process requests for non-public OCC
information and to determine if
sufficient grounds exist for the OCC to
release the requested information or
provide testimony. This information
collection makes the mechanism for
processing requests more efficient and
facilitates and expedites the OCC’s
release of non-public information and
testimony to the requester.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit; individuals.
Estimated Number of Respondents:
110.
Estimated Frequency of Response: On
occasion.
Estimated Total Annual Burden: 467
hours.
On November 3, 2008, the OCC
published a notice in the Federal
Register soliciting comment for 60 days
on this information collection (73 FR
65447). No comments were received.
Comments continue to be 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
VerDate Nov<24>2008
19:10 Jan 12, 2009
Jkt 217001
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: January 6, 2009.
Michele Meyer,
Assistant Director, Legislative & Regulatory
Activities Division.
[FR Doc. E9–431 Filed 1–12–09; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Departmental Offices; Debt
Management Advisory Committee;
Meeting
Notice is hereby given, pursuant to 5
U.S.C. App. 2, § 10(a)(2), that a meeting
will be held at the Hay-Adams Hotel,
16th Street and Pennsylvania Avenue,
NW., Washington, DC, on February 3,
2009 at 10:30 a.m. of the following debt
management advisory committee:
Treasury Borrowing Advisory
Committee of the Securities Industry
and Financial Markets Association.
The agenda for the meeting provides
for a charge by the Secretary of the
Treasury or his designate that the
Committee discuss particular issues and
conduct a working session. Following
the working session, the Committee will
present a written report of its
recommendations. The meeting will be
closed to the public, pursuant to 5
U.S.C. App. 2, § 10(d) and Public Law
103–202, § 202(c)(1)(B)(31 U.S.C. 3 121
note).
This notice shall constitute my
determination, pursuant to the authority
placed in heads of agencies by 5 U.S.C.
App. 2, § 10(d) and vested in me by
Treasury Department Order No. 101–05,
that the meeting will consist of
discussions and debates of the issues
presented to the Committee by the
Secretary of the Treasury and the
making of recommendations of the
Committee to the Secretary, pursuant to
Public Law 103–202, § 202(c)(1)(B).
Thus, this information is exempt from
disclosure under that provision and 5
U.S.C. 552b(c)(3)(B). In addition, the
meeting is concerned with information
that is exempt from disclosure under 5
U.S.C. 552b(c)(9)(A). The public interest
requires that such meetings be closed to
the public because the Treasury
Department requires frank and full
advice from representatives of the
financial community prior to making its
final decisions on major financing
operations. Historically, this advice has
been offered by debt management
PO 00000
Frm 00101
Fmt 4703
Sfmt 4703
advisory committees established by the
several major segments of the financial
community. When so utilized, such a
committee is recognized to be an
advisory committee under 5 U.S.C. App.
2, § 3.
Although the Treasury’s final
announcement of financing plans may
not reflect the recommendations
provided in reports of the Committee,
premature disclosure of the Committee’s
deliberations and reports would be
likely to lead to significant financial
speculation in the securities market.
Thus, this meeting falls within the
exemption covered by 5 U.S.C.
552b(c)(9)(A).
Treasury staff will provide a technical
briefing to the press on the day before
the Committee meeting, following the
release of a statement of economic
conditions, financing estimates and
technical charts. This briefing will give
the press an opportunity to ask
questions about financing projections
and technical charts. The day after the
Committee meeting, Treasury will
release the minutes of the meeting, any
charts that were discussed at the
meeting, and the Committee’s report to
the Secretary.
The Office of Debt Management is
responsible for maintaining records of
debt management advisory committee
meetings and for providing annual
reports setting forth a summary of
Committee activities and such other
matters as may be informative to the
public consistent with the policy of 5
U.S.C. 552(b). The Designated Federal
Officer or other responsible agency
official who may be contacted for
additional information is Karthik
Ramanathan, Acting Assistant Secretary
for Financial Markets (202) 622–2042.
Dated: January 6, 2009.
Karthik Ramanathan,
Acting Assistant Secretary for Financial
Markets.
[FR Doc. E9–399 Filed 1–12–09; 8:45 am]
BILLING CODE 4810–35–M
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Proposed Information
Collection; Comment Request
AGENCY: Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
SUMMARY: The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
E:\FR\FM\13JAN1.SGM
13JAN1
Federal Register / Vol. 74, No. 8 / Tuesday, January 13, 2009 / Notices
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, ‘‘Recordkeeping Requirements for
Securities Transactions—12 CFR part
12.’’
DATES: You should submit comments by
March 16, 2009.
Communications Division,
Office of the Comptroller of the
Currency, Public Information Room,
Mailstop 1–5, Attention: 1557–0142,
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,
1557–0142, 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 H.
Gottlieb, OCC Clearance Officer, (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: Recordkeeping Requirements
for Securities Transactions—12 CFR
part 12.
OMB Number: 1557–0142.
Description: This submission covers
an existing regulation and involves no
change to the regulation or to the
information collection requirements.
The only revisions to the submission are
the revised estimates, which have been
updated.
The information collection
requirements in 12 CFR part 12 are
required to ensure national bank
compliance with securities laws and to
improve the protection afforded persons
who purchase and sell securities
through banks. The transaction
confirmation information provides
ADDRESSES:
VerDate Nov<24>2008
19:10 Jan 12, 2009
Jkt 217001
customers with a record regarding the
transaction and provides banks and the
OCC with records to ensure compliance
with banking and securities laws and
regulations. The OCC uses the required
information in its examinations to,
among other things, evaluate a bank’s
compliance with the antifraud
provisions of the Federal securities
laws.
The information collection
requirements contained in 12 CFR part
12 are as follows:
• Section 12.3 requires a national
bank effecting securities transactions for
customers to maintain records for at
least three years. The records required
by this section must clearly and
accurately reflect the information
required and provide an adequate basis
for the audit of the information.
• Section 12.4 requires a national
bank to give or send to the customer a
written notification of the transaction or
a copy of the registered broker/dealer
confirmation relating to the transaction.
• Sections 12.5(a), (b), (c), and (e)
describe procedures a national bank
may use as an alternative to complying
with § 12.4, to notify customers of
transactions in which the bank does not
exercise investment discretion, trust
transactions, agency transactions and
certain periodic plan transactions.
• Sections 12.7(a)(1) through (a)(3)
require a national bank to maintain and
adhere to policies and procedures that
assign responsibility for supervision of
employees who perform securities
trading functions; provide for the fair
and equitable allocation of securities
and prices to accounts; and provide for
crossing of buy and sell orders on a fair
and equitable basis.
• Section 12.7(a)(4) requires certain
bank officers and employees involved in
the securities trading process to report
to the bank all personal transactions in
securities made by them or on their
behalf in which they have a beneficial
interest.
• Section 12.8 requires a national
bank seeking a waiver of one or more of
the requirements of §§ 12.2 through 12.7
to file a written request for waiver with
the OCC.
Type of Review: Regular.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Number of Respondents:
497.
Estimated Total Annual Responses:
2,501.
Estimated Frequency of Response: On
occasion.
Estimated Total Annual Burden:
2,711 hours.
Comments submitted in response to
this notice will be summarized and
PO 00000
Frm 00102
Fmt 4703
Sfmt 4703
1763
included in the request for OMB
approval. 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: January 6, 2009.
Michele Meyer,
Assistant Director, Legislative and Regulatory
Activities Division.
[FR Doc. E9–433 Filed 1–12–09; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Additional Designation of Entities
Pursuant to Executive Order 13382
AGENCY: Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
SUMMARY: The Treasury Department’s
Office of Foreign Assets Control
(‘‘OFAC’’) is publishing the names of 19
newly-designated entities whose
property and interests in property are
blocked pursuant to Executive Order
13382 of June 28, 2005, ‘‘Blocking
Property of Weapons of Mass
Destruction Proliferators and Their
Supporters’’ and 123 related vessels.
DATES: The designation by the Director
of OFAC of the 19 entities identified in
this notice pursuant to Executive Order
13382 is effective on September 10,
2008.
FOR FURTHER INFORMATION CONTACT:
Assistant Director, Compliance
Outreach & Implementation, Office of
Foreign Assets Control, Department of
the Treasury, Washington, DC 20220,
tel.: (202) 622–2490.
SUPPLEMENTARY INFORMATION:
Electronic and Facsimile Availability
This document and additional
information concerning OFAC are
E:\FR\FM\13JAN1.SGM
13JAN1
]]>Agencies
[Federal Register Volume 74, Number 8 (Tuesday, January 13, 2009)]
[Notices]
[Pages 1762-1763]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-433]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Proposed Information
Collection; Comment Request
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The OCC, as part of its continuing effort to reduce paperwork
and respondent burden, invites the
[[Page 1763]]
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,
``Recordkeeping Requirements for Securities Transactions--12 CFR part
12.''
DATES: You should submit comments by March 16, 2009.
ADDRESSES: Communications Division, Office of the Comptroller of the
Currency, Public Information Room, Mailstop 1-5, Attention: 1557-0142,
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, 1557-0142, 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 H. Gottlieb, OCC Clearance
Officer, (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: Recordkeeping Requirements for Securities Transactions--12
CFR part 12.
OMB Number: 1557-0142.
Description: This submission covers an existing regulation and
involves no change to the regulation or to the information collection
requirements. The only revisions to the submission are the revised
estimates, which have been updated.
The information collection requirements in 12 CFR part 12 are
required to ensure national bank compliance with securities laws and to
improve the protection afforded persons who purchase and sell
securities through banks. The transaction confirmation information
provides customers with a record regarding the transaction and provides
banks and the OCC with records to ensure compliance with banking and
securities laws and regulations. The OCC uses the required information
in its examinations to, among other things, evaluate a bank's
compliance with the antifraud provisions of the Federal securities
laws.
The information collection requirements contained in 12 CFR part 12
are as follows:
Section 12.3 requires a national bank effecting securities
transactions for customers to maintain records for at least three
years. The records required by this section must clearly and accurately
reflect the information required and provide an adequate basis for the
audit of the information.
Section 12.4 requires a national bank to give or send to
the customer a written notification of the transaction or a copy of the
registered broker/dealer confirmation relating to the transaction.
Sections 12.5(a), (b), (c), and (e) describe procedures a
national bank may use as an alternative to complying with Sec. 12.4,
to notify customers of transactions in which the bank does not exercise
investment discretion, trust transactions, agency transactions and
certain periodic plan transactions.
Sections 12.7(a)(1) through (a)(3) require a national bank
to maintain and adhere to policies and procedures that assign
responsibility for supervision of employees who perform securities
trading functions; provide for the fair and equitable allocation of
securities and prices to accounts; and provide for crossing of buy and
sell orders on a fair and equitable basis.
Section 12.7(a)(4) requires certain bank officers and
employees involved in the securities trading process to report to the
bank all personal transactions in securities made by them or on their
behalf in which they have a beneficial interest.
Section 12.8 requires a national bank seeking a waiver of
one or more of the requirements of Sec. Sec. 12.2 through 12.7 to file
a written request for waiver with the OCC.
Type of Review: Regular.
Affected Public: Individuals; Businesses or other for-profit.
Estimated Number of Respondents: 497.
Estimated Total Annual Responses: 2,501.
Estimated Frequency of Response: On occasion.
Estimated Total Annual Burden: 2,711 hours.
Comments submitted in response to this notice will be summarized
and included in the request for OMB approval. 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: January 6, 2009.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. E9-433 Filed 1-12-09; 8:45 am]
BILLING CODE 4810-33-P
