Consumer Protections for Depository Institution Sales of Insurance, 45204-45205 [2010-18825]

Download as PDF erowe on DSK5CLS3C1PROD with NOTICES 45204 Federal Register / Vol. 75, No. 147 / Monday, August 2, 2010 / Notices regulatory reporting revision that is the subject of this notice. At present, institutions participating in the TAG program report the amount and number of qualifying noninterestbearing transaction accounts of more than $250,000 as of the quarter-end report date in Call Report Schedule RC– O, Memorandum items 4.a and 4.b; TFR Schedule DI, items DI570 and DI575; and FFIEC 002 Schedule O, Memorandum items 4.a and 4.b. By the very nature of these transaction accounts, the account balances are volatile, fluctuating greatly on any given day due to the operational nature of the deposits, such as for payrolls, and withdrawals made by typical business customers. Therefore, in response to the modification of the basis upon which a participating institution’s assessment is calculated from quarter-end reporting to average daily balance reporting for TAG program-related accounts that is contained in the FDIC’s April 2010 interim rule, the agencies requested comment on May 21, 2010, on a proposal to change the basis for reporting in the items identified above.6 More specifically, the agencies proposed that the total dollar amount of TAG program-qualifying accounts and the total number of such accounts would be reported as an average daily balance rather than as a quarter-end amount beginning with the September 30, 2010, report date for the Call Report, the TFR, and the FFIEC 002. The amounts to be reported as daily averages would be the total dollar amount of the noninterestbearing transactions accounts, as defined in the April 2010 interim rule and the June 2010 final rule, of more than $250,000 for each calendar day during the quarter divided by the number of calendar days in the quarter. For days that an office of the reporting institution is closed (e.g., Saturdays, Sundays, or holidays), the amounts outstanding from the previous business day would be used. The total number of accounts to be reported would be calculated on the same basis. Thus, all insured depository institutions that do not opt out of the extension of the TAG program will need to ensure that their reporting procedures will enable them to gather the necessary daily data each quarter. For example, in the Call Report, TFR, and FFIEC 002 for September 30, 2010, the daily data will cover the period from July 1 through September 30, 2010. The agencies received one comment on the proposed revision of the TAG program reporting requirements. The commenter, a bank consultant, sought 6 75 FR 28612, May 21, 2010. VerDate Mar<15>2010 15:04 Jul 30, 2010 Jkt 220001 information concerning the calculation of TAG program average daily balances and was directed to the guidance on this subject, including an example, that had been posted on the FDIC’s Web site.7 The agencies also note that Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111–203, July 21, 2010) contains provisions amending the Federal Deposit Insurance Act with respect to the insurance coverage of noninterest-bearing transaction accounts. These provisions take effect December 31, 2010, and will affect the FDIC’s TAG program. Should there be a need to further revise the TAG programrelated data collected in the Call Report, the TFR, and the FFIEC 002 as a result of the recently enacted legislation and any subsequent rulemaking by the FDIC, the agencies will implement these revisions in accordance with the requirements of the Paperwork Reduction Act of 1995. Request for Comment Public comment is requested on all aspects of this joint notice. Comments are invited on: (a) Whether the proposed revisions to the collections of information that are the subject of this notice are necessary for the proper performance of the agencies’ functions, including whether the information has practical utility; (b) The accuracy of the agencies’ estimates of the burden of the information collections as they are proposed to be revised, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections 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. Comments submitted in response to this joint notice will be shared among the agencies. All comments will become a matter of public record. Dated: July 26, 2010. Michele Meyer, Assistant Director, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency. 7 This guidance and example can be accessed at https://www.fdic.gov/regulations/resources/TLGP/ tagp-programReportingGuidance.pdf. PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 Board of Governors of the Federal Reserve System, July 26, 2010. Jennifer J. Johnson, Secretary of the Board. Dated at Washington, DC, on July 27, 2010. Robert E. Feldman, Executive Secretary, Federal Deposit Insurance Corporation. Dated: July 27, 2010. Ira L. Mills, Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift Supervision. [FR Doc. 2010–18811 Filed 7–30–10; 8:45 am] BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P; 6720–01–P DEPARTMENT OF THE TREASURY Office of Thrift Supervision Consumer Protections for Depository Institution Sales of Insurance Office of Thrift Supervision (OTS), Treasury. ACTION: Notice and request for comment. AGENCY: 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 September 1, 2010. A copy of this ICR, with applicable supporting documentation, can be obtained from RegInfo.gov at https://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 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. SUMMARY: E:\FR\FM\02AUN1.SGM 02AUN1 Federal Register / Vol. 75, No. 147 / Monday, August 2, 2010 / Notices 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 Legislation 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: Consumer Protection for Depository Institution Sales of Insurance. OMB Number: 1550–0106. Form Number: N/A. Regulation requirement: 12 CFR parts 536. Description: These information collections are required under section 305 of the Gramm-Leach-Bliley Act (GLB Act), Public Law 106–102. Section 305 of the GLB Act required the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of Thrift Supervision to prescribe joint consumer protection regulations. OTS’s regulations are found at 12 CFR part 536. The regulations apply to retail sales practices, solicitations, advertising, and offers of any insurance product by a depository institution or by other persons performing these activities at an office of the institution or on behalf of the institution. Section 305 requires those performing such activities to disclose certain information to consumers and to obtain consumers’ acknowledgements. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit. Estimated Number of Respondents: 765. Estimated Burden Hours per Response: 1.5 minutes. Estimated Number of Responses: 629,660. Estimated Frequency of Response: On occasion. Estimated Total Burden: 15,742 hours. Clearance Officer: Ira L. Mills, (202) 906–6531, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552. erowe on DSK5CLS3C1PROD with NOTICES FOR FURTHER INFORMATION CONTACT: VerDate Mar<15>2010 15:04 Jul 30, 2010 Jkt 220001 Dated: July 27, 2010. Ira L. Mills, Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift Supervision. [FR Doc. 2010–18825 Filed 7–30–10; 8:45 am] BILLING CODE 6720–01–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0698] Proposed Information Collection (Application for Educational Assistance to Supplement Tuition Assistance) Activity: Comment Request Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: The Veterans Benefits Administration (VBA), Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of a currently approved collection and allow 60 days for public comment in response to the notice. This notice solicits comments for information needed to determine claimants’ eligibility for educational assistance to supplement tuition assistance. DATES: Written comments and recommendations on the proposed collection of information should be received on or before October 1, 2010. ADDRESSES: Submit written comments on the collection of information through Federal Docket Management System (FDMS) at https://www.Regulations.gov or to Nancy J. Kessinger, Veterans Benefits Administration (20M35), Department of Veterans Affairs, 810 Vermont Avenue, NW., Washington, DC 20420 or e-mail nancy.kessinger@va.gov. Please refer to ‘‘OMB Control No. 2900–0698’’ in any correspondence. During the comment period, comments may be viewed online through the FDMS. FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 461–9769 or FAX (202) 275–5947. SUPPLEMENTARY INFORMATION: Under the PRA of 1995 (Pub. L. 104–13; 44 U.S.C. 3501–3521), Federal agencies must obtain approval from OMB for each collection of information they conduct or sponsor. This request for comment is SUMMARY: PO 00000 Frm 00119 Fmt 4703 Sfmt 4703 45205 being made pursuant to Section 3506(c)(2)(A) of the PRA. With respect to the following collection of information, VBA invites comments on: (1) Whether the proposed collection of information is necessary for the proper performance of VBA’s functions, including whether the information will have practical utility; (2) the accuracy of VBA’s estimate of the burden of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or the use of other forms of information technology. Title: Application for Educational Assistance to Supplement Tuition Assistance; 38 CFR 21.1030(c), 21.7140(c)(5). OMB Control Number: 2900–0698. Type of Review: Extension of a currently approved collection. Abstract: Claimants who wish to receive educational assistance administered by VA to supplement tuition assistance administered by the Department of Defense must apply through VA. VA will use the data collected to determine the claimant’s eligibility to receive educational assistance to supplement the tuition assistance he or she has received and the amount payable. Affected Public: Not-for-profit institutions. Estimated Annual Burden: 2,400 hours. Frequency of Response: On occasion. Estimated Average Burden per Respondents: 12 minutes. Estimated Annual Responses: 12,000. Dated: July 27, 2010. By direction of the Secretary. Denise McLamb, Program Analyst, Enterprise Records Service. [FR Doc. 2010–18813 Filed 7–30–10; 8:45 am] BILLING CODE 8320–01–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0138] Proposed Information Collection (Request for Details of Expenses) Activity: Comment Request Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: The Veterans Benefits Administration (VBA) is announcing an SUMMARY: E:\FR\FM\02AUN1.SGM 02AUN1

Agencies

[Federal Register Volume 75, Number 147 (Monday, August 2, 2010)]
[Notices]
[Pages 45204-45205]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-18825]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Consumer Protections for Depository Institution Sales of 
Insurance

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

ACTION: Notice and request for comment.

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

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 September 1, 2010. A copy 
of this ICR, with applicable supporting documentation, can be obtained 
from RegInfo.gov at https://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 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">public.info@ots.treas.gov, or send a facsimile transmission to 
(202) 906-7755.

[[Page 45205]]


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 Legislation 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: Consumer Protection for Depository Institution 
Sales of Insurance.
    OMB Number: 1550-0106.
    Form Number: N/A.
    Regulation requirement: 12 CFR parts 536.
    Description: These information collections are required under 
section 305 of the Gramm-Leach-Bliley Act (GLB Act), Public Law 106-
102. Section 305 of the GLB Act required the Office of the Comptroller 
of the Currency, Board of Governors of the Federal Reserve System, 
Federal Deposit Insurance Corporation, and Office of Thrift Supervision 
to prescribe joint consumer protection regulations. OTS's regulations 
are found at 12 CFR part 536. The regulations apply to retail sales 
practices, solicitations, advertising, and offers of any insurance 
product by a depository institution or by other persons performing 
these activities at an office of the institution or on behalf of the 
institution. Section 305 requires those performing such activities to 
disclose certain information to consumers and to obtain consumers' 
acknowledgements.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 765.
    Estimated Burden Hours per Response: 1.5 minutes.
    Estimated Number of Responses: 629,660.
    Estimated Frequency of Response: On occasion.
    Estimated Total Burden: 15,742 hours.
    Clearance Officer: Ira L. Mills, (202) 906-6531, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552.

    Dated: July 27, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift 
Supervision.
[FR Doc. 2010-18825 Filed 7-30-10; 8:45 am]
BILLING CODE 6720-01-P
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