Federal Deposit
Insurance Corporation

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

Office of Thrift Supervision

FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Submission For OMB
Review; Comment Request

AGENCIES: Office of the Comptroller of the Currency (OCC), Office of
Thrift Supervision (OTS), Department of the Treasury; and Federal
Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collection to be submitted to OMB for
review and approval under the Paperwork Reduction Act of 1995.

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SUMMARY: In accordance with requirements of the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.), the OCC, the OTS and the FDIC
(collectively, the agencies) give notice that they plan to submit to
the Office of Management and Budget (OMB) a request for OMB review and
approval of the information collection system described below. The
agencies may not conduct or sponsor, and a respondent is not required
to respond to, an information collection unless it displays a currently
valid control number.

DATES: Comments must be submitted on or before September 25, 2000.

ADDRESSES: You are invited to submit a comment to the OMB Reviewer and
any or all of the agencies. Please direct your comments as follows:
OMB: Alexander T. Hunt, Office of Management and Budget, Office of
Information and Regulatory Affairs, Washington, DC. 20503.
OCC: Communications Division, Office of the Comptroller of the
Currency, 250 E Street, SW., Third Floor, Attention: 1557-0217,
Washington, DC 20219. In addition, you may send a comment by facsimile
transmission to (202) 874-5274, or by electronic mail to
regs.comments@occ.treas.gov. You can inspect and photocopy the comments
at the OCC's Public Reference Room, 250 E Street, SW., Washington, DC,
between 9:00 a.m. and 5:00 p.m. on business days. You can make an
appointment to inspect the comments by calling (202) 874-5043.
OTS: Manager, Dissemination Branch, Information Management and
Services, Office of Thrift Supervision, 1700 G Street, NW., Washington,
DC 20552,

[[Page 51646]]

Attention: 1550-0104. You may hand deliver your comments to the Guard's
desk at 1700 G Street, NW.; or you may send comments by facsimile
transmission to (202) 906-7755; or they may be sent by e-mail:
public.info@ots.treas.gov. If you comment by e-mail, you should include
your name and telephone number. You should send any comments over 25
pages in length to FAX Number (202) 906-6956. You may inspect the
comments at 1700 G Street, NW., from 10 a.m. until 4 p.m. on Tuesdays
and Thursdays. Comments are also available at OTS.treas.gov.
FDIC: Steven F. Hanft, Assistant Executive Secretary, Attention:
3064-0137, 550 17th Street, NW., Washington, DC 20429, (202) 898-3907,
Attention: 3064-0137. You may hand-deliver comments to the guard
station at the rear of the 550 17th Street Building (located on F
Street), on business days between 7 a.m. and 5 p.m. [FAX number (202)
898-3838. Internet address: comments@fdic.gov].

FOR FURTHER INFORMATION CONTACT:
OCC: Jessie Dunaway or Camille Dixon, (202) 874-5090, Legislative
and Regulatory Activities Division, Office of the Comptroller of the
Currency, 250 E Street, SW, Washington, DC 20219.
OTS: Ralph E. Maxwell, (202) 906-7740, Clearance Officer, Office of
Thrift Supervision, 1700 G Street, NW, Washington, DC 20552.
FDIC: Steven F. Hanft at the address listed above.

SUPPLEMENTARY INFORMATION:
Type of Review: Renewal, without change, of a currently approved
collection.
Title: Interagency Guidance on Asset Securitization Activities.
OMB Numbers: OCC: 1557-0217; OTS: 1550-0104; FDIC: 3064-0137.
Estimate of Annual Burden: Estimated Number of Respondents: OCC:
50; OTS: 30; FDIC: 70.
Estimated Responses per Respondent: OCC: 1 per year; OTS: 1 per
year; FDIC: 1 per year.
Estimated Total Annual Burden: OCC: 2,115 hours; OTS: 1,269 hours;
FDIC: 2,070 hours.
Abstract: The collection applies to institutions engaged in asset
securitization and consists of the development of a written asset
securitization policy, the documentation of fair value of retained
interests, and a management information system to monitor
securitization activities. Institution management use the collection as
the basis for the safe and sound operation of their asset
securitization activities. The Agencies use the information to evaluate
the quality of an institution's risk management practices.
Further information: Information about this submission, including
copies of the proposed collection of information, may be obtained by
calling or writing the agency contacts listed above. The Board of
Governors of the Federal Reserve System has participated in the
development and review of this information collection and will process
its extension under its Paperwork Reduction Act delegated authority.
Comments are invited on:
(a) Whether the collections of information are 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
information collections;
(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 the
respondents, including through the use of automated collection
techniques or other forms of information technology; and
(e) Estimates of capital or startup costs and costs of operation,
maintenance, and purchase of services to provide information.

Dated: August 9, 2000.

Federal Deposit Insurance Corporation.
James D. La Pierre,
Deputy Executive Secretary.

Dated: August 15, 2000.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.

Dated: August 11, 2000.