Agency Information Collection Activities: Proposed Information Collection; Comment Request, 2720-2721 [2013-00530]

Download as PDF 2720 Federal Register / Vol. 78, No. 9 / Monday, January 14, 2013 / Notices mstockstill on DSK4VPTVN1PROD with been submitted to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995. DATES: Comments must be received by February 13, 2013. ADDRESSES: Communications Division, Office of the Comptroller of the Currency, Mailstop 6W–11, Attention: 1557–0106, Washington, DC 20219. In addition, comments may be sent by electronic mail to regs.comments@occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557–0106, U.S. Office of Management and Budget, 725 17th Street NW. #10235, Washington, DC 20503, or by electronic mail to oira_submission@omb.eop.gov. FOR FURTHER INFORMATION CONTACT: You can request additional information or a copy of the collection from Johnny Vilela or Mary H. Gottlieb, OCC Clearance Officers, (202) 649–5490, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Washington, DC 20219. SUPPLEMENTARY INFORMATION: In compliance with 44 U.S.C. 3507, the OCC has submitted the following proposed collection of information to OMB for review and clearance. Securities Exchange Act Disclosure Rules and Securities of Federal Savings Association—12 CFR 11 and 12 CFR 194 (OMB Control Number 1557–0106) The OCC is proposing to extend OMB approval of the following information collection: Title: Securities Exchange Act Disclosure Rules (12 CFR part 11) and Securities of Federal Savings Associations (12 CFR part 194). OMB Control No.: 1557–0106. Description: This submission covers an existing regulation and involves no change to the regulation or to the information collection requirements. The OCC requests only that OMB approve its revised estimates. The Securities and Exchange Commission (SEC) is required by statute to collect, through regulation, from any firm that is required to register its stock VerDate Mar<15>2010 16:53 Jan 11, 2013 Jkt 229001 with the SEC, certain information and documents. 15 U.S.C. 78m(a)(1). Federal law requires the OCC to apply equivalent requirements to any national bank or Federal savings association required to be registered (those with a class of equity securities held by 2,000 or more shareholders). 15 U.S.C. 78l(i). 12 CFR parts 11 and 194 seek to ensure that a national bank or Federal savings association whose securities are subject to registration provides adequate information about its operations to current and potential shareholders, depositors, and to the public. The OCC reviews the information to ensure that registered national banks and Federal savings associations comply with Federal law and makes public all information required to be filed under these rules. Investors, depositors, and the public use this information to make informed investment decisions. In the Federal Register of October 24, 2012 (77 FR 65054), the OCC published a 60-day notice requesting public comment on the templates and the collection of information. The OCC received no comments on the collection of information portion of the notice. Burden Estimates The OCC estimates the burden of this collection of information as follows: Estimated Number of Respondents: 14. Estimated Total Annual Responses: 78. Estimated Total Annual Burden: 522.5 hours. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC’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 start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: January 8, 2013. Michele Meyer, Assistant Director, Legislative and Regulatory Activities Division. [FR Doc. 2013–00531 Filed 1–11–13; 8:45 am] BILLING CODE P PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Proposed Information Collection; Comment Request Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. AGENCY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites 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, ‘‘Privacy of Consumer Financial Information (Regulation P).’’ DATES: You should submit written comments by March 15, 2013. ADDRESSES: Communications Division, Office of the Comptroller of the Currency, Mailstop 6W–11, Attention: 1557–0216, Washington, DC 20219. In addition, comments may be sent by fax to (202) 649–5709 or by electronic mail to regs.comments@occ.treas.gov. You may personally inspect and photocopy the comments at the OCC, 400 7th SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. Additionally, you should send a copy of your comments by mail to OCC Desk Officer, 1557–0216, U.S. Office of Management and Budget, 725, 17th Street NW., #10235, Washington, DC 20503, or by electronic mail to oira_submission@omb.eop.gov. SUMMARY: You can request additional information or a copy of the collection from Mary H. Gottlieb and Johnny Vilela, OCC Clearance Officers, (202) 649–5490, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval of the following information collection titled ‘‘Privacy of Consumer Financial Information (Regulation P). There have FOR FURTHER INFORMATION CONTACT: E:\FR\FM\14JAN1.SGM 14JAN1 mstockstill on DSK4VPTVN1PROD with Federal Register / Vol. 78, No. 9 / Monday, January 14, 2013 / Notices been no changes to the requirements of the regulations; however, the regulations have been transferred to the Bureau of Consumer Financial Protection (CFPB) pursuant to title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111–203, 124 Stat. 1955, July 21, 2010 (Dodd-Frank Act) and republished as CFPB regulations (76 FR 79028 (December 21, 2011)). The burden estimates have been revised to remove the burden for national banks and Federal savings associations with over $10 billion in total assets and any affiliates thereof, which is now carried by CFPB pursuant to section 1025 of the Dodd-Frank Act. The OCC retains supervisory and enforcement authority for national banks and Federal savings associations with total assets of $10 billion or less that are not an affiliate of an insured depository institution with over $10 billion in total assets. Title: Privacy of Consumer Financial Information (Regulation P) (12 CFR part 1016). OMB Control No.: 1557–0216. Description: The Gramm-Leach-Bliley Act (Act) (Pub. L. 106–102) requires this information collection. The CFPB’s regulation implements the Act’s notice requirements and restrictions on a financial institution’s ability to disclose nonpublic personal information about consumers to nonaffiliated third parties. The information collection requirements in part 1016 are as follows: § 1016.4(a)—Disclosure (institution)— Initial privacy notice to consumers requirement—A national bank or Federal savings association must provide a clear and conspicuous notice that accurately reflects its privacy policies and practices to customers and consumers. § 1016.5(a)—Disclosure (institution)— Annual privacy notice to customers requirement—A national bank or Federal savings association must provide a clear and conspicuous notice to customers that accurately reflects its privacy policies and practices not less than annually during the continuation of the customer relationship. § 1016.8—Disclosure (institution)— Revised privacy notices—If a national bank or Federal savings association wishes to disclose information in a way that is inconsistent with the notices previously given to a consumer, the national bank or Federal savings association must provide consumers with a clear and conspicuous revised notice of the national bank’s or Federal savings association’s policies and procedures and a new opt out notice. VerDate Mar<15>2010 16:53 Jan 11, 2013 Jkt 229001 § 1016.7(a)—Disclosure (institution)— Form of opt out notice to consumers; opt out methods—Form of opt out notice— If a national bank or Federal savings association is required to provide an opt-out notice under § 1016.10(a), it must provide a clear and conspicuous notice to each of its consumers that accurately explains the right to opt out under that section. The notice must state: • That the national bank or Federal savings association discloses or reserves the right to disclose nonpublic personal information about its consumer to a nonaffiliated third party; • That the consumer has the right to opt out of that disclosure; and • A reasonable means by which the consumer may exercise the opt out right. A national bank or Federal savings association provides a reasonable means to exercise an opt out right if it: • Designates check-off boxes on the relevant forms with the opt out notice; • Includes a reply form with the opt out notice; • Provides electronic means to opt out; or • Provides a toll-free number to opt out. §§ 1016.10(a)(2) and 1016(c)— Consumers must take affirmative actions to exercise their rights to prevent financial institutions from sharing their information with nonaffiliated parties— • Opt out—Consumers may direct that the national bank or Federal savings association not disclose nonpublic personal information about them to a nonaffiliated third party, other than permitted by §§ 1016.13–1016.15 • Partial opt out—Consumer also may exercise partial opt out rights by selecting certain nonpublic personal information or certain nonaffiliated third parties with respect to which the consumer wishes to opt out. §§ 1016.7(h) and 1016(i)—Reporting (consumer)—Consumers may exercise continuing right to opt out—Consumer may opt out at any time—A consumer may exercise the right to opt out at any time. A consumer’s direction to opt out is effective until the consumer revokes it in writing or, if the consumer agrees, electronically. When a customer relationship terminates, the customer’s opt out direction continues to apply. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit; individuals. Estimated Annual Number of Institution Respondents: Initial Notice, 3; Annual Notice and Change in Terms, 1,793; Opt-out Notice, 897. Estimated Average Time Per Response Per Institution: Initial Notice, 80 hours; PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 2721 Annual Notice and Change in Terms, 8 hours; Opt-out Notice, 8 hours. Estimated Subtotal Annual Burden Hours for Institutions: 21,760 hours. Estimated Annual Number of Consumer Respondents: 2,526,802. Estimated Average Time Per Consumer Response: 0.25 hours. Estimated Subtotal Annual Burden Hours for Consumers: 631,701 hours. Estimated Total Annual Burden Hours: 653,461 hours. Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments received, including attachments and other supporting materials, 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. 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 start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: January 8, 2013. Michele Meyer, Assistant Director, Legislative and Regulatory Activities Division. [FR Doc. 2013–00530 Filed 1–11–13; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Designation of Entities Pursuant to Executive Order 13413 Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The Treasury Department’s Office of Foreign Assets Control (‘‘OFAC’’) is publishing the name of two entities whose property and interests in property have been blocked pursuant to Executive Order 13413 of October 27, SUMMARY: E:\FR\FM\14JAN1.SGM 14JAN1

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[Federal Register Volume 78, Number 9 (Monday, January 14, 2013)]
[Notices]
[Pages 2720-2721]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-00530]


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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 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, ``Privacy of Consumer Financial 
Information (Regulation P).''

DATES: You should submit written comments by March 15, 2013.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Mailstop 6W-11, Attention: 1557-0216, Washington, DC 20219. 
In addition, comments may be sent by fax to (202) 649-5709 or by 
electronic mail to regs.comments@occ.treas.gov. You may personally 
inspect and photocopy the comments at the OCC, 400 7th SW., Washington, 
DC 20219. For security reasons, the OCC requires that visitors make an 
appointment to inspect comments. You may do so by calling (202) 649-
6700. Upon arrival, visitors will be required to present valid 
government-issued photo identification and to submit to security 
screening in order to inspect and photocopy comments.
    Additionally, you should send a copy of your comments by mail to 
OCC Desk Officer, 1557-0216, U.S. Office of Management and Budget, 725, 
17th Street NW., 10235, Washington, DC 20503, or by electronic 
mail to oira_submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Mary H. Gottlieb and Johnny Vilela, 
OCC Clearance Officers, (202) 649-5490, Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval 
of the following information collection titled ``Privacy of Consumer 
Financial Information (Regulation P). There have

[[Page 2721]]

been no changes to the requirements of the regulations; however, the 
regulations have been transferred to the Bureau of Consumer Financial 
Protection (CFPB) pursuant to title X of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 1955, 
July 21, 2010 (Dodd-Frank Act) and republished as CFPB regulations (76 
FR 79028 (December 21, 2011)). The burden estimates have been revised 
to remove the burden for national banks and Federal savings 
associations with over $10 billion in total assets and any affiliates 
thereof, which is now carried by CFPB pursuant to section 1025 of the 
Dodd-Frank Act. The OCC retains supervisory and enforcement authority 
for national banks and Federal savings associations with total assets 
of $10 billion or less that are not an affiliate of an insured 
depository institution with over $10 billion in total assets.
    Title: Privacy of Consumer Financial Information (Regulation P) (12 
CFR part 1016).
    OMB Control No.: 1557-0216.
    Description:
    The Gramm-Leach-Bliley Act (Act) (Pub. L. 106-102) requires this 
information collection. The CFPB's regulation implements the Act's 
notice requirements and restrictions on a financial institution's 
ability to disclose nonpublic personal information about consumers to 
nonaffiliated third parties.
    The information collection requirements in part 1016 are as 
follows:
    Sec.  1016.4(a)--Disclosure (institution)--Initial privacy notice 
to consumers requirement--A national bank or Federal savings 
association must provide a clear and conspicuous notice that accurately 
reflects its privacy policies and practices to customers and consumers.
    Sec.  1016.5(a)--Disclosure (institution)--Annual privacy notice to 
customers requirement--A national bank or Federal savings association 
must provide a clear and conspicuous notice to customers that 
accurately reflects its privacy policies and practices not less than 
annually during the continuation of the customer relationship.
    Sec.  1016.8--Disclosure (institution)--Revised privacy notices--If 
a national bank or Federal savings association wishes to disclose 
information in a way that is inconsistent with the notices previously 
given to a consumer, the national bank or Federal savings association 
must provide consumers with a clear and conspicuous revised notice of 
the national bank's or Federal savings association's policies and 
procedures and a new opt out notice.
    Sec.  1016.7(a)--Disclosure (institution)--Form of opt out notice 
to consumers; opt out methods--Form of opt out notice--If a national 
bank or Federal savings association is required to provide an opt-out 
notice under Sec.  1016.10(a), it must provide a clear and conspicuous 
notice to each of its consumers that accurately explains the right to 
opt out under that section. The notice must state:
     That the national bank or Federal savings association 
discloses or reserves the right to disclose nonpublic personal 
information about its consumer to a nonaffiliated third party;
     That the consumer has the right to opt out of that 
disclosure; and
     A reasonable means by which the consumer may exercise the 
opt out right.
    A national bank or Federal savings association provides a 
reasonable means to exercise an opt out right if it:
     Designates check-off boxes on the relevant forms with the 
opt out notice;
     Includes a reply form with the opt out notice;
     Provides electronic means to opt out; or
     Provides a toll-free number to opt out.
    Sec. Sec.  1016.10(a)(2) and 1016(c)--Consumers must take 
affirmative actions to exercise their rights to prevent financial 
institutions from sharing their information with nonaffiliated 
parties--
     Opt out--Consumers may direct that the national bank or 
Federal savings association not disclose nonpublic personal information 
about them to a nonaffiliated third party, other than permitted by 
Sec. Sec.  1016.13-1016.15
     Partial opt out--Consumer also may exercise partial opt 
out rights by selecting certain nonpublic personal information or 
certain nonaffiliated third parties with respect to which the consumer 
wishes to opt out.
    Sec. Sec.  1016.7(h) and 1016(i)--Reporting (consumer)--Consumers 
may exercise continuing right to opt out--Consumer may opt out at any 
time--A consumer may exercise the right to opt out at any time. A 
consumer's direction to opt out is effective until the consumer revokes 
it in writing or, if the consumer agrees, electronically. When a 
customer relationship terminates, the customer's opt out direction 
continues to apply.
    Type of Review: Extension of a currently approved collection. 
Affected Public: Businesses or other for-profit; individuals. Estimated 
Annual Number of Institution Respondents: Initial Notice, 3; Annual 
Notice and Change in Terms, 1,793; Opt-out Notice, 897. Estimated 
Average Time Per Response Per Institution: Initial Notice, 80 hours; 
Annual Notice and Change in Terms, 8 hours; Opt-out Notice, 8 hours.
    Estimated Subtotal Annual Burden Hours for Institutions: 21,760 
hours.
    Estimated Annual Number of Consumer Respondents: 2,526,802.
    Estimated Average Time Per Consumer Response: 0.25 hours.
    Estimated Subtotal Annual Burden Hours for Consumers: 631,701 
hours.
    Estimated Total Annual Burden Hours: 653,461 hours.
    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments received, 
including attachments and other supporting materials, 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. 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 start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: January 8, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2013-00530 Filed 1-11-13; 8:45 am]
BILLING CODE 4810-33-P