Agency Information Collection Activities: Information Collection Revision; Submission for OMB Review; Municipal Securities Dealers and Government Securities Brokers and Dealers-Registration and Withdrawal, 36662-36664 [2019-15962]
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Federal Register / Vol. 84, No. 145 / Monday, July 29, 2019 / Notices
of the Assessment by financial
institutions is voluntary. Therefore,
financial institutions may choose to use
the Assessment, the NIST Cybersecurity
Framework, or any other risk
assessment process or tool to assess
cybersecurity risk. The Agencies’
examiners will not require a financial
institution to complete the Assessment,
nor will they require financial
institutions to translate other risk
frameworks into the Assessment format.
However, if a financial institution has
completed the Assessment, examiners
may ask the financial institution for a
copy, as they would for any risk selfassessment performed by a financial
institution.
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Benchmarking
One industry group stated that an
advantage to the broad collection of
Assessment information across the
entire financial services sector is the
ability to compile information into
useful benchmarking data for banks of
comparable size and risk profiles so that
peer institutions may become aware of
their overall cybersecurity posture in
the sector. The industry group stated
that the information may be useful to an
information security officer or board of
directors, particularly when it comes
time to discuss budget impacts of the
financial institution’s security posture.
Additionally, benchmarking may allow
the Agencies insight into broad
categories of risk and exposure in the
financial services sector.
Since use of the Assessment by
financial institutions is voluntary and
may vary across financial institutions,
the Agencies do not to intend to publish
or otherwise make publicly available the
results of financial institutions’ use of
the Assessment.
Accuracy of Burden Estimate
The Agencies estimated that,
annually, it would take a financial
institution between 80 and 180 burden
hours, depending on the institution’s
size, to complete the Assessment.
All three commenters addressed the
accuracy of the Agencies’ burden
estimates. The FSSCC letter stated that
the Agencies’ burden estimate
understated the burden involved in
completing the Assessment, and one of
the industry groups referenced and
endorsed the FSSCC’s conclusions in its
letter. The FSSCC advised that to be
more accurate, the Agencies’ burden
hour estimates should include the time
required to prepare for and complete the
Assessment. The FSSCC stated that
preparing to complete the Assessment
includes the testing of controls and
systems, gathering of materials as
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evidence, and the accompanying
education of staff that are not familiar
with the Assessment. The FSSCC stated
that the time required to collect
evidence and review systems before the
Assessment can begin is significant, and
the hours required to review the
Assessment’s more than 530
responses—usually by committee—is
substantial. The FSSCC further stated
that the hours required to complete
responses to the Assessment, while
concurrently completing assessments
based on other industry-based standards
(e.g., NIST Cybersecurity Framework)
for other regulatory agencies (such as
state or market regulators), is significant.
The FSSCC added that the amount of
time spent training cybersecurity
professionals on the Assessment is
underestimated.
The other industry group stated that
the Agencies overestimated the burden
hours necessary for community banks to
complete and subsequently update the
Assessment. This industry group stated
that its members reported the burden of
completing an initial Assessment as
being 40 hours or less. Members of this
industry group reported that the burden
of completing annual updates to the
Assessment for subsequent evaluations
could take between 15 and 20 hours.
The Agencies do not believe that
commenters provided any additional
information that would result in the
Agencies changing their burden
estimates at this time. The PRA defines
burden to include the ‘‘time, effort, or
financial resources expended by persons
to generate, maintain, or provide
information to or for a federal agency.’’
44 U.S.C. 3502(2). The Agencies note
that the burden estimates assume that
the Assessment is completed by
knowledgeable individuals at the
financial institution who have readilyavailable information to complete the
Assessment. Additionally, while the
Assessment’s User’s Guide provides that
institutions may use the Assessment to
prioritize improvement of their
cybersecurity posture, completing the
Assessment does not include
development or implementation of
action plans. The Agencies further note
that completion of the Assessment does
not include internal reporting. Any
internal reporting that financial
institutions may choose to undertake is
therefore outside of the scope of the
Assessment. Because reporting to
committees, developing and
implementing internal action plans, and
preparing for examinations are not part
of completing the Assessment, these
activities do not constitute burden
under the PRA. In addition, for financial
institutions, reporting to boards and
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Sfmt 4703
management generally constitutes a
usual and customary business practice.
Usual and customary business practices
are excluded from the definition of
burden under OMB regulations.5
The Agencies recognize that the size
and complexity of a financial institution
impacts the amount of time and
resources necessary to complete the
Assessment and, for that reason, the
Agencies’ burden estimates vary based
on financial institution asset size. The
Agencies also appreciate that the time
necessary for a particular financial
institution to complete the Assessment
can vary, potentially widely, based on
whether the institution has readily
available information to complete the
Assessment. The Agencies will review
their burden estimates from time to time
and will update them in the future, if
warranted.
Comments continue to be invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
Agencies, including whether the
information has practical utility;
(b) The accuracy of the Agencies’
estimates 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: July 23, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–15964 Filed 7–26–19; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Revision; Submission for OMB
Review; Municipal Securities Dealers
and Government Securities Brokers
and Dealers—Registration and
Withdrawal
Office of the Comptroller of the
Currency (OCC), Treasury.
AGENCY:
55
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CFR 1320.3(b).
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Federal Register / Vol. 84, No. 145 / Monday, July 29, 2019 / Notices
Notice and request for
comment.
ACTION:
The OCC, 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 revised information
collection, as required by the Paperwork
Reduction Act of 1995 (PRA).
In accordance with the requirements
of the PRA, the OCC may not conduct
or sponsor, and respondents are not
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number.
The OCC is soliciting comment
concerning the revision of its
information collection titled,
‘‘Municipal Securities Dealers and
Government Securities Brokers and
Dealers—Registration and Withdrawal.’’
The OCC also is giving notice that it has
sent the collection to OMB for review.
DATES: You should submit written
comments by August 28, 2019.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office, Office
of the Comptroller of the Currency,
Attention: 1557–0184, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0184’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
Additionally, please send a copy of
your comments by mail to: OCC Desk
Officer, 1557–0184, U.S. Office of
Management and Budget, 725 17th
Street NW, #10235, Washington, DC
20503 or by email to oira_submission@
omb.eop.gov.
You may review comments and other
related materials that pertain to this
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SUMMARY:
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information collection 1 following the
close of the 30-day comment period for
this notice by any of the following
methods:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0184’’ or ‘‘Municipal Securities
Dealers and Government Securities
Brokers and Dealers—Registration and
Withdrawal.’’ Upon finding the
appropriate information collection, click
on the related ‘‘ICR Reference Number.’’
On the next screen, select ‘‘View
Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
• Viewing Comments Personally: You
may personally inspect comments at the
OCC, 400 7th Street SW, Washington,
DC. For security reasons, the OCC
requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 649–6700 or,
for persons who are deaf or hearing
impaired, TTY, (202) 649–5597. Upon
arrival, visitors will be required to
present valid government-issued photo
identification and submit to security
screening in order to inspect comments.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, Clearance Officer,
(202) 649–5490 or, for persons who are
deaf or hearing impaired, TTY, (202)
649–5597, Chief Counsel’s Office, Office
of the Comptroller of the Currency, 400
7th Street SW, Suite 3E–218,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA, federal agencies must obtain
approval from the OMB for each
collection of information that they
conduct or sponsor. ‘‘Collection of
information’’ is defined in 44 U.S.C.
3502(3) and 5 CFR 1320.3(c) to include
obtaining, causing to be obtained,
soliciting, or requiring the disclosure to
an agency of information by means of
identical questions posed to, or
identical reporting, recordkeeping, or
disclosure requirements imposed on,
ten or more persons. The OCC requests
that OMB extend its approval of the
information collection set forth in this
notice.
1 On April 1, 2019, the OCC published a 60-day
notice for this information collection, 84 FR 12324.
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Title: Municipal Securities Dealers
and Government Securities Brokers and
Dealers—Registration and Withdrawal.
OMB Control No.: 1557–0184.
Form Numbers: MSD, MSDW,2 MSD–
4, MSD–5, G–FIN, G–FINW, GFIN–4
and GFIN–5.3
Description: This information
collection is required to satisfy the
requirements of section 15B 4 and
section 15C 5 of the Securities Exchange
Act of 1934, which require, in part, any
national bank or federal savings
association that acts as a government
securities broker/dealer or a municipal
securities dealer to file the appropriate
form with the OCC to inform the agency
of its broker/dealer activities. The OCC
uses this information to determine
which national banks and federal
savings associations are acting as
government securities broker/dealers
and municipal securities dealers and to
monitor entry into and exit from these
activities by institutions and registered
persons. The OCC also uses the
information in planning national bank
and federal savings association
examinations.
The OCC proposes to revise Form
MSD–4 and Form MSD–5 to (1) remove
the date of birth and place of birth items
from the ‘Personal History of the
Applicant’ section from the Form MSD–
4 report form and instructions and (2)
include the OCC’s Privacy Act notice on
the respective Form MSD–4 and Form
MSD–5.
The date of birth and place of birth
data fields are considered personally
identifiable information (PII). The OCC
generally does not need the information
in these fields in order to perform its
supervisory responsibilities regarding
the review applications to become
municipal securities principals or
representatives but could obtain this
information on a case-by-case basis,
when needed. The OCC is making an
effort to remove PII from its supervisory
reports if that PII is not critical to
fulfilling its supervisory
responsibilities.
The OCC also proposes to include its
Privacy Act notice on the forms. The
Privacy Act governs the collection,
maintenance, use, and dissemination of
2 The Securities and Exchange Commission (SEC)
maintains collections for the MSD and MSDW
under OMB Control Nos. 3235–0083 and 3235–
0087; however, there is a requirement that these be
filed with the OCC, which is covered by OMB
Control No. 1557–0184.
3 The Department of the Treasury maintains
collections for the G–FIN–4 and G–FIN–5 under
OMB Control No. 1535–0089; however, there is a
requirement that the forms be filed with the OCC,
which is covered by OMB Control No. 1557–0184.
4 15 U.S.C. 78o–4.
5 15 U.S.C. 78o–5.
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Federal Register / Vol. 84, No. 145 / Monday, July 29, 2019 / Notices
information about individuals that is
maintained in systems of records by
federal agencies. A system of records is
a group of records under the control of
the agency from which information
about individuals is retrieved by name
of the individual or some identifier
assigned to the individual. Under the
Privacy Act, an agency that maintains a
system of records must provide notice to
individuals, at the point of collection of
information maintained in the system of
records, of: (1) The authority which
authorizes the collection and whether
the collection is mandatory or
voluntary; (2) the purpose of the
collection; (3) the routine uses which
may be made of the information; and (4)
the effects of not disclosing the
information.
Non-substantive changes are being
made to the G–FIN and G–FINW forms
to clarify where to file, the number of
copies to file, and to generally update
the forms and instructions.
Type of Review: Revision of a
currently approved collection.
Affected Public: Businesses or other
for-profit; individuals.
Estimated Number of Respondents: 17
(6 government securities dealers and 11
municipal and government securities
dealers).
Estimated Number of Responses: 672.
Frequency of Response: On occasion.
Estimated Annual Burden: 587
burden hours.
On April 1, 2019, the OCC issued a
notice for 60 days of comments
regarding this collection, 84 FR 12324.
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
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the information collection
burden;
(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: July 23, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–15962 Filed 7–26–19; 8:45 am]
BILLING CODE 4810–33–P
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Jkt 247001
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
IRS Information Collection Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before August 28, 2019 to be assured
of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW, Suite 8142, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Jennifer Quintana by
emailing PRA@treasury.gov, calling
(202) 622–0489, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Internal Revenue Service (IRS)
Title: Security Summit application
process.
OMB Control Number: 1545–XXXX.
Type of Review: Revision of a
currently approved collection.
Description: The IRS has joined with
representatives of the software industry,
tax preparation firms, payroll and tax
financial product processors and state
tax administrators to combat identity
theft refund fraud to protect the nation’s
taxpayers. The Security Summit
consists of IRS, state tax agencies and
the tax community, including tax
preparation firms, software developers,
payroll and tax financial product
processors, tax professional
organizations and financial institutions.
Form 15058—Application for Security
Summit Membership, is the application
form for membership.
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Fmt 4703
Sfmt 4703
Forms: Application for Security
Summit Membership.
Affected Public: State, Local, and
Tribal Governments.
Estimated Number of Respondents:
62.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 62.
Estimated Time per Response: .08
hours per response.
Estimated Total Annual Burden
Hours: 5.
Title: Application for Renewal of
Enrollment to Practice before the
Internal Revenue Service; Application
for Renewal of Enrollment to Practice
before the Internal Revenue Service s an
Enrolled Retirement Pl.
OMB Control Number: 1545–0946.
Type of Review: Revision of a
currently approved collection.
Description: Section 10.6(d) of
Treasury Department Circular No. 230,
Regulations Governing the Practice of
Attorneys, Certified Public Accountants,
Enrolled Agents, Enrolled Actuaries and
Appraisers before the Internal Revenue
Service (31 CFR part 10), requires that
those who are enrolled to practice
before the Internal Revenue Service
renew such enrollment periodically.
Form 8554 is an application for renewal
mailed to all enrolled agents each year.
Form 8554–EP is used to renew your
Enrolled Retirement Plan Agent (ERPA)
status.
Forms: 8554, 8554–EP.
Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
62,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 21,800.
Estimated Time per Response: .33
hours per response.
Estimated Total Annual Burden
Hours: 7,267.
Title: Arbitrage Rebate, Yield
Restrictions and Penalty in Lieu of
Arbitrage Rebate.
OMB Control Number: 1545–1219.
Type of Review: Revision of a
currently approved collection.
Description: Sections 143 and 148
require bond issuers to pay a rebate to
the United States if the proceeds of a
bond issue are used for arbitrage and the
issuer wishes the bonds to retain their
exempt status. Section 148 also contains
provisions for election and/or payment
of various penalties associated with
arbitrage bonds. Form 8038–T is used by
issuers of tax exempt bonds to report
and pay the arbitrage rebate and to elect
and/or pay various penalties associated
with arbitrage bonds. These issuers
include state and local governments.
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]]>Agencies
[Federal Register Volume 84, Number 145 (Monday, July 29, 2019)]
[Notices]
[Pages 36662-36664]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-15962]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Revision; Submission for OMB Review; Municipal Securities Dealers and
Government Securities Brokers and Dealers--Registration and Withdrawal
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
[[Page 36663]]
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The OCC, 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 revised information
collection, as required by the Paperwork Reduction Act of 1995 (PRA).
In accordance with the requirements of the PRA, the OCC may not
conduct or sponsor, and respondents are not required to respond to, an
information collection unless it displays a currently valid Office of
Management and Budget (OMB) control number.
The OCC is soliciting comment concerning the revision of its
information collection titled, ``Municipal Securities Dealers and
Government Securities Brokers and Dealers--Registration and
Withdrawal.'' The OCC also is giving notice that it has sent the
collection to OMB for review.
DATES: You should submit written comments by August 28, 2019.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Office of the Comptroller of
the Currency, Attention: 1557-0184, 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0184'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
Additionally, please send a copy of your comments by mail to: OCC
Desk Officer, 1557-0184, U.S. Office of Management and Budget, 725 17th
Street NW, #10235, Washington, DC 20503 or by email to
[email protected].
You may review comments and other related materials that pertain to
this information collection \1\ following the close of the 30-day
comment period for this notice by any of the following methods:
---------------------------------------------------------------------------
\1\ On April 1, 2019, the OCC published a 60-day notice for this
information collection, 84 FR 12324.
---------------------------------------------------------------------------
Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu
select ``Department of Treasury'' and then click ``submit.'' This
information collection can be located by searching by OMB control
number ``1557-0184'' or ``Municipal Securities Dealers and Government
Securities Brokers and Dealers--Registration and Withdrawal.'' Upon
finding the appropriate information collection, click on the related
``ICR Reference Number.'' On the next screen, select ``View Supporting
Statement and Other Documents'' and then click on the link to any
comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
Viewing Comments Personally: You may personally inspect
comments at the OCC, 400 7th Street SW, Washington, DC. For security
reasons, the OCC requires that visitors make an appointment to inspect
comments. You may do so by calling (202) 649-6700 or, for persons who
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival,
visitors will be required to present valid government-issued photo
identification and submit to security screening in order to inspect
comments.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer,
(202) 649-5490 or, for persons who are deaf or hearing impaired, TTY,
(202) 649-5597, Chief Counsel's Office, Office of the Comptroller of
the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA, federal agencies must obtain
approval from the OMB for each collection of information that they
conduct or sponsor. ``Collection of information'' is defined in 44
U.S.C. 3502(3) and 5 CFR 1320.3(c) to include obtaining, causing to be
obtained, soliciting, or requiring the disclosure to an agency of
information by means of identical questions posed to, or identical
reporting, recordkeeping, or disclosure requirements imposed on, ten or
more persons. The OCC requests that OMB extend its approval of the
information collection set forth in this notice.
Title: Municipal Securities Dealers and Government Securities
Brokers and Dealers--Registration and Withdrawal.
OMB Control No.: 1557-0184.
Form Numbers: MSD, MSDW,\2\ MSD-4, MSD-5, G-FIN, G-FINW, GFIN-4 and
GFIN-5.\3\
Description: This information collection is required to satisfy the
requirements of section 15B \4\ and section 15C \5\ of the Securities
Exchange Act of 1934, which require, in part, any national bank or
federal savings association that acts as a government securities
broker/dealer or a municipal securities dealer to file the appropriate
form with the OCC to inform the agency of its broker/dealer activities.
The OCC uses this information to determine which national banks and
federal savings associations are acting as government securities
broker/dealers and municipal securities dealers and to monitor entry
into and exit from these activities by institutions and registered
persons. The OCC also uses the information in planning national bank
and federal savings association examinations.
---------------------------------------------------------------------------
\2\ The Securities and Exchange Commission (SEC) maintains
collections for the MSD and MSDW under OMB Control Nos. 3235-0083
and 3235-0087; however, there is a requirement that these be filed
with the OCC, which is covered by OMB Control No. 1557-0184.
\3\ The Department of the Treasury maintains collections for the
G-FIN-4 and G-FIN-5 under OMB Control No. 1535-0089; however, there
is a requirement that the forms be filed with the OCC, which is
covered by OMB Control No. 1557-0184.
\4\ 15 U.S.C. 78o-4.
\5\ 15 U.S.C. 78o-5.
---------------------------------------------------------------------------
The OCC proposes to revise Form MSD-4 and Form MSD-5 to (1) remove
the date of birth and place of birth items from the `Personal History
of the Applicant' section from the Form MSD-4 report form and
instructions and (2) include the OCC's Privacy Act notice on the
respective Form MSD-4 and Form MSD-5.
The date of birth and place of birth data fields are considered
personally identifiable information (PII). The OCC generally does not
need the information in these fields in order to perform its
supervisory responsibilities regarding the review applications to
become municipal securities principals or representatives but could
obtain this information on a case-by-case basis, when needed. The OCC
is making an effort to remove PII from its supervisory reports if that
PII is not critical to fulfilling its supervisory responsibilities.
The OCC also proposes to include its Privacy Act notice on the
forms. The Privacy Act governs the collection, maintenance, use, and
dissemination of
[[Page 36664]]
information about individuals that is maintained in systems of records
by federal agencies. A system of records is a group of records under
the control of the agency from which information about individuals is
retrieved by name of the individual or some identifier assigned to the
individual. Under the Privacy Act, an agency that maintains a system of
records must provide notice to individuals, at the point of collection
of information maintained in the system of records, of: (1) The
authority which authorizes the collection and whether the collection is
mandatory or voluntary; (2) the purpose of the collection; (3) the
routine uses which may be made of the information; and (4) the effects
of not disclosing the information.
Non-substantive changes are being made to the G-FIN and G-FINW
forms to clarify where to file, the number of copies to file, and to
generally update the forms and instructions.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses or other for-profit; individuals.
Estimated Number of Respondents: 17 (6 government securities
dealers and 11 municipal and government securities dealers).
Estimated Number of Responses: 672.
Frequency of Response: On occasion.
Estimated Annual Burden: 587 burden hours.
On April 1, 2019, the OCC issued a notice for 60 days of comments
regarding this collection, 84 FR 12324. 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 OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC's estimate of the information
collection burden;
(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: July 23, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-15962 Filed 7-26-19; 8:45 am]
BILLING CODE 4810-33-P
