Surety Companies Acceptable on Federal Bonds-Change in Business Address; American Economy Insurance Company, American States Insurance Company, SAFECO Insurance Company of Illinois, 22451 [2011-9636]
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emcdonald on DSK2BSOYB1PROD with NOTICES
Federal Register / Vol. 76, No. 77 / Thursday, April 21, 2011 / Notices
Paperwork Reduction Act of 1995, the
Agencies may not conduct or sponsor,
and the respondent is not required to
respond to, an information collection
unless it displays a currently valid OMB
control number. The Agencies are
requesting comment on a continuing
information collection.
Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the Agencies’ functions,
including whether the information has
practical utility;
(b) The accuracy of the estimates of
the burden of the information
collection, 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
the information collection 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.
Title of Information Collection: Basel
II Interagency Supervisory Guidance for
the Supervisory Review Process (Pillar
2).
OMB Control Numbers:
OCC: 1557–0242.
FRB: 7100–0320.
FDIC: 3064–0165.
OTS: 1550–0125.
Frequency of Response: Eventgenerated.
Affected Public:
OCC: National banks.
Board: State member banks and bank
holding companies.
FDIC: Insured State nonmember banks
and certain subsidiaries of these
entities.
OTS: Savings associations and certain of
their subsidiaries.
Abstract: The agencies issued a
supervisory guidance document for
implementing the supervisory review
process (Pillar 2). The guidance was
issued on July 31, 2008 (73 FR 44620).
Sections 37, 41, 43, and 46 of the
guidance impose information collection
requirements. Section 37 states that
banks should state clearly the definition
of capital used in any aspect of its
internal capital adequacy assessment
process (ICAAP) and document any
changes in the internal definition of
capital. Section 41 requires banks to
maintain thorough documentation of
ICAAP. Section 43 specifies that boards
of directors must approve the bank’s
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ICAAP, review it on a regular basis, and
approve any changes. Boards of
directors also are required under section
46 to periodically review the assessment
of overall capital adequacy and to
analyze how measures of internal
capital adequacy compare with other
capital measures (such as regulatory or
accounting).
The agencies’ burden estimates for
these information collection
requirements are summarized below.
Note that the estimated number of
respondents listed below include both
institutions for which the Basel II riskbased capital requirements are
mandatory and institutions that may be
considering opting-in to Basel II (despite
the lack of any formal commitment by
most of these latter institutions).
Estimated Burden
OCC
Number of Respondents: 48.
Estimated Burden per Respondent:
140 hours.
Total Estimated Annual Burden:
6,720 hours.
Board
Number of Respondents: 18.
Estimated Burden per Respondent:
420 hours.
Total Estimated Annual Burden:
7,560 hours.
FDIC
Number of Respondents: 19.
Estimated Burden per Respondent:
420 hours.
Total Estimated Annual Burden:
7,980 hours.
OTS
Number of Respondents: 3.
Estimated Burden per Respondent:
420 hours.
Total Estimated Annual Burden:
1,260 hours.
Dated: April 12, 2011.
Michele Meyer,
Assistant Director, Legislative & Regulatory
Activities Division, Office of the Comptroller
of the Currency.
By order of the Board of Governors of the
Federal Reserve System, April 8, 2011.
Jennifer J. Johnson,
Secretary of the Board.
Dated at Washington, DC, the 11th day of
April, 2011.
By order of the Federal Deposit Insurance
Corporation.
Robert E. Feldman,
Executive Secretary.
Dated: April 14, 2011.
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22451
By the Office of Thrift Supervision.
Ira Mills,
Paperwork Clearance Officer, Office of the
Chief Counsel, Office of Thrift Supervision.
[FR Doc. 2011–9634 Filed 4–20–11; 8:45 am]
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P;
6720–01–P
DEPARTMENT OF THE TREASURY
Fiscal Service
Surety Companies Acceptable on
Federal Bonds—Change in Business
Address; American Economy
Insurance Company, American States
Insurance Company, SAFECO
Insurance Company of Illinois
Financial Management Service,
Fiscal Service, Department of the
Treasury.
ACTION: Notice.
AGENCY:
This is Supplement No. 8 to
the Treasury Department Circular 570,
2010 Revision, published July 1, 2010,
at 75 FR 38192.
FOR FURTHER INFORMATION CONTACT:
Surety Bond Branch at (202) 874–6850.
SUPPLEMENTARY INFORMATION: Notice is
hereby given by the Treasury that the
above-named companies formally
changed their ‘‘Business Address’’ as
follows:
American Economy Insurance
Company (NAIC #19690). Business
Address: 350 E. 96th Street,
Indianapolis, IN 46240.
American States Insurance Company
(NAIC #19704). Business Address: 350
E. 96th Street, Indianapolis, IN 46240.
SAFECO Insurance Company of
Illinois (NAIC #39012). Business
Address: 27201 Bella Vista Parkway,
Suite 130, Warrenville, IL 60555.
Federal bond-approving officers
should annotate their reference copies
of the Treasury Circular 570 (‘‘Circular’’),
2010 Revision, to reflect these changes.
The Circular may be viewed and
downloaded through the Internet at
https://www.fms.treas.gov/c570.
Questions concerning this Notice may
be directed to the U.S. Department of
the Treasury, Financial Management
Service, Financial Accounting and
Services Division, Surety Bond Branch,
3700 East-West Highway, Room 6F01,
Hyattsville, MD 20782.
SUMMARY:
Dated: March 11, 2011.
Laura Carrico,
Director, Financial Accounting and Services
Division.
[FR Doc. 2011–9636 Filed 4–20–11; 8:45 am]
BILLING CODE 4810–35–M
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]]>Agencies
[Federal Register Volume 76, Number 77 (Thursday, April 21, 2011)]
[Notices]
[Page 22451]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-9636]
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DEPARTMENT OF THE TREASURY
Fiscal Service
Surety Companies Acceptable on Federal Bonds--Change in Business
Address; American Economy Insurance Company, American States Insurance
Company, SAFECO Insurance Company of Illinois
AGENCY: Financial Management Service, Fiscal Service, Department of the
Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is Supplement No. 8 to the Treasury Department Circular
570, 2010 Revision, published July 1, 2010, at 75 FR 38192.
FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874-6850.
SUPPLEMENTARY INFORMATION: Notice is hereby given by the Treasury that
the above-named companies formally changed their ``Business Address''
as follows:
American Economy Insurance Company (NAIC 19690). Business
Address: 350 E. 96th Street, Indianapolis, IN 46240.
American States Insurance Company (NAIC 19704). Business
Address: 350 E. 96th Street, Indianapolis, IN 46240.
SAFECO Insurance Company of Illinois (NAIC 39012).
Business Address: 27201 Bella Vista Parkway, Suite 130, Warrenville, IL
60555.
Federal bond-approving officers should annotate their reference
copies of the Treasury Circular 570 (``Circular''), 2010 Revision, to
reflect these changes.
The Circular may be viewed and downloaded through the Internet at
https://www.fms.treas.gov/c570.
Questions concerning this Notice may be directed to the U.S.
Department of the Treasury, Financial Management Service, Financial
Accounting and Services Division, Surety Bond Branch, 3700 East-West
Highway, Room 6F01, Hyattsville, MD 20782.
Dated: March 11, 2011.
Laura Carrico,
Director, Financial Accounting and Services Division.
[FR Doc. 2011-9636 Filed 4-20-11; 8:45 am]
BILLING CODE 4810-35-M
