Financial Management Service; Proposed Collection of Information: Annual Financial Statement of Surety Companies-Schedule F, 22680-22681 [2010-9904]

Download as PDF 22680 Federal Register / Vol. 75, No. 82 / Thursday, April 29, 2010 / Notices collection from Richard B. Gaffin (202) 906–6181, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. 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: Sound Incentive Compensation Guidance. OMB Number: 1550–0NEW. Form Number: N/A. Description: The guidance is based on three key principles that are designed to ensure that incentive compensation arrangements at a financial institution do not encourage employees to take excessive risks. These principles provide that incentive compensation arrangements should: • Provide employees incentives that do not encourage excessive risk-taking beyond the organization’s ability to effectively identify and manage risk; • Be compatible with effective controls and risk management; and • Be supported by strong corporate governance, including active and effective oversight by the organization’s board of directors. These principles and the guidance are consistent with the Principles for Sound Compensation Practices adopted by the Financial Stability Board (FSB) in April 2009, as well as the Implementation Standards for those principles issued by the FSB in September 2009. This guidance will promote the prompt improvement of incentive compensation practices in the banking industry by providing a common mstockstill on DSKH9S0YB1PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Mar<15>2010 16:19 Apr 28, 2010 Jkt 220001 prudential foundation for incentive compensation arrangements across banking organizations and promoting the overall movement of the industry towards better practices. Supervisory action could play a critical role in addressing misaligned compensation incentives, especially where issues of competition may make it difficult for individual firms to act alone. Through their actions, supervisors could help to better align the interests of managers and other employees with organizations’ long-term health and reduce concerns that making prudent modifications to incentive compensation arrangements might have adverse competitive consequences. Type of Review: New Collection. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 765. Estimated Burden Hours per Responses: 40 hours. Estimated Frequency of Response: On occasion. Estimated Total Burden: 30,600 hours. Dated: April 23, 2010. Ira L. Mills, Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift Supervision. [FR Doc. 2010–9916 Filed 4–28–10; 8:45 am] BILLING CODE 6720–01–P DEPARTMENT OF THE TREASURY Fiscal Service Financial Management Service; Proposed Collection of Information: Annual Financial Statement of Surety Companies—Schedule F AGENCY: Financial Management Service, Fiscal Service, Treasury. ACTION: Notice and Request for comments. SUMMARY: The Financial Management Service, 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. By this notice, the Financial Management Service solicits comments concerning the Form FMS–6314 ‘‘Annual Financial Statement of Surety Companies— Schedule F.’’ DATES: Written comments should be received on or before June 28, 2010. ADDRESSES: Direct all written comments to Financial Management Service, Records and Information Management PO 00000 Frm 00131 Fmt 4703 Sfmt 4703 Branch, Room 135, 3700 East-West Highway, Hyattsville, Maryland 20782. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form(s) and instructions should be directed to Robert Cline, Surety Bond Branch, Room 600F, 3700 East-West Highway, Hyattsville, MD 20782, (202) 874–6507. Pursuant to the Paperwork Reduction Act of 1995, (44 U.S.C. 3506(c)(2)(A)), the Financial Management Service solicits comments on the collection of information described below: Title: Annual Financial Statement of Surety Companies—Schedule F. OMB Number: 1510–0012. Form Number: FMS–6314. Abstract: This form provides information that is used to determine the amount of unauthorized reinsurance of a Treasury Certified Company, and to compute its underwriting limitations. This computation is necessary to ensure the solvency of companies certified by Treasury, and their ability to carry out contractual surety requirements. Current Actions: Extension of currently approved collection. Type of Review: Regular. Affected Public: Business or other forprofit. Estimated Number of Respondents: 341. Estimated Time per Respondent: Varies from 8 hours to 80 hours. Estimated Total Annual Burden Hours: 14,458. Comments: Comments submitted in response to this notice will be summarized and/or included in the request for Office of Management and Budget 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 shall have 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 of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance and purchase of services to provide information. SUPPLEMENTARY INFORMATION: E:\FR\FM\29APN1.SGM 29APN1 Federal Register / Vol. 75, No. 82 / Thursday, April 29, 2010 / Notices Dated: April 17, 2010. Kent Kuyumjian, Acting Assistant Commissioner, Management. [FR Doc. 2010–9904 Filed 4–28–10; 8:45 am] BILLING CODE 4810–35–M DEPARTMENT OF THE TREASURY Office of Thrift Supervision Prohibited Service at Savings and Loan Holding Companies AGENCY: Office of Thrift Supervision (OTS), Treasury. ACTION: Notice and request for comment. mstockstill on DSKH9S0YB1PROD with NOTICES 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 Reduction Act. Today, OTS is soliciting public comments on its proposal to extend this information collection. DATES: Submit written comments on or before June 28, 2010. 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 Lane C. Langford (202) 906–7027, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. OTS may not conduct or sponsor an information SUPPLEMENTARY INFORMATION: VerDate Mar<15>2010 16:19 Apr 28, 2010 Jkt 220001 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: Prohibited Service at Savings and Loan Holding Companies. OMB Number: 1550–0117. Regulation Requirements: 12 CFR 585.110 and 12 CFR 516. Form Number: N/A. Description: In order for a prohibited person to obtain or to continue in certain positions with a savings and loan holding company (SLHC), the SLHC or the individual will need to apply to the OTS for an approval order for a case-by-case exemption. OTS does not believe that this requirement is punitive in intent. Rather, the primary criteria in assessing such applications is whether the prohibited person in his/ her proposed capacity at the SLHC participates in the major policy making functions of the SLHC or threatens the safety and soundness of the insured depository institution that is controlled by the SLHC, the interests of its depositors, or the public confidence in the institution. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 15. Estimated Burden Hours per Responses: 16 hours. Estimated Frequency of Response: On occasion. Estimated Total Burden: 240 hours. PO 00000 Frm 00132 Fmt 4703 Sfmt 4703 22681 Dated: April 23, 2010. Ira L. Mills, Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift Supervision. [FR Doc. 2010–9915 Filed 4–28–10; 8:45 am] BILLING CODE 6720–01–P DEPARTMENT OF THE TREASURY Office of Thrift Supervision [Docket ID OTS–2010–0008] Supplemental Guidance on Overdraft Protection Programs AGENCY: Office of Thrift Supervision, Treasury (OTS). ACTION: Proposed Guidance with request for comment. SUMMARY: OTS is proposing to issue this Supplemental Guidance on Overdraft Protection Programs (Supplemental Guidance) to update the Guidance on Overdraft Protection Programs OTS previously issued on February 18, 2005. DATES: Comments must be submitted on or before June 28, 2010. ADDRESSES: You may submit comments, identified by OTS–2010–0008, by any of the following methods: • E-mail: regs.comments@ots.treas.gov. Please include ID OTS–2010–0008 in the subject line of the message and include your name and telephone number in the message. • Fax: (202) 906–6518. • Mail: Regulation Comments, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, Attention: OTS– 2010–0008. • Hand Delivery/Courier: Guard’s Desk, East Lobby Entrance, 1700 G Street, NW., from 9 a.m. to 4 p.m. on business days, Attention: Regulation Comments, Chief Counsel’s Office, Attention: OTS–2010–0008. Instructions: All submissions received must include the agency name and docket number for this rulemaking. All comments received will be entered into the docket and posted on Regulations.gov without change, including any personal information provided. Comments, including attachments and other supporting materials received are part of the public record and subject to public disclosure. Do not enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. Viewing Comments Electronically: OTS will post comments on the OTS Internet Site at https://www.ots.treas.gov/ ?p=LawsRegulations. E:\FR\FM\29APN1.SGM 29APN1

Agencies

[Federal Register Volume 75, Number 82 (Thursday, April 29, 2010)]
[Notices]
[Pages 22680-22681]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-9904]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Financial Management Service; Proposed Collection of Information: 
Annual Financial Statement of Surety Companies--Schedule F

AGENCY: Financial Management Service, Fiscal Service, Treasury.

ACTION: Notice and Request for comments.

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

SUMMARY: The Financial Management Service, 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. By this notice, the Financial 
Management Service solicits comments concerning the Form FMS-6314 
``Annual Financial Statement of Surety Companies--Schedule F.''

DATES: Written comments should be received on or before June 28, 2010.

ADDRESSES: Direct all written comments to Financial Management Service, 
Records and Information Management Branch, Room 135, 3700 East-West 
Highway, Hyattsville, Maryland 20782.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form(s) and instructions should be directed to Robert 
Cline, Surety Bond Branch, Room 600F, 3700 East-West Highway, 
Hyattsville, MD 20782, (202) 874-6507.

SUPPLEMENTARY INFORMATION: Pursuant to the Paperwork Reduction Act of 
1995, (44 U.S.C. 3506(c)(2)(A)), the Financial Management Service 
solicits comments on the collection of information described below:
    Title: Annual Financial Statement of Surety Companies--Schedule F.
    OMB Number: 1510-0012.
    Form Number: FMS-6314.
    Abstract: This form provides information that is used to determine 
the amount of unauthorized reinsurance of a Treasury Certified Company, 
and to compute its underwriting limitations. This computation is 
necessary to ensure the solvency of companies certified by Treasury, 
and their ability to carry out contractual surety requirements.
    Current Actions: Extension of currently approved collection.
    Type of Review: Regular.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 341.
    Estimated Time per Respondent: Varies from 8 hours to 80 hours.
    Estimated Total Annual Burden Hours: 14,458.
    Comments: Comments submitted in response to this notice will be 
summarized and/or included in the request for Office of Management and 
Budget 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 shall have 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 of information on respondents, including through the use of 
automated collection techniques or other forms of information 
technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance and purchase of services to provide information.


[[Page 22681]]


    Dated: April 17, 2010.
Kent Kuyumjian,
Acting Assistant Commissioner, Management.
[FR Doc. 2010-9904 Filed 4-28-10; 8:45 am]
BILLING CODE 4810-35-M

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