[Federal Register: November 3, 2003 (Volume 68, Number 212)]
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL DEPOSIT INSURANCE CORPORATION
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
Agency Information Collection Activities: Proposed Extension of
Information Collection; Comment Request
AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury;
Federal Deposit Insurance Corporation (FDIC); and Office of Thrift
Supervision (OTS), Treasury.
ACTION: Joint notice and request for comment.
SUMMARY: The OCC, FDIC, and OTS (collectively, the Agencies), as part
of their continuing effort to reduce paperwork and respondent burden,
invite the general public and other Federal agencies to comment on the
proposed extension, without revision, of their continuing information
collections, as required by the Paperwork Reduction Act of 1995. 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 Office of Management and Budget (OMB) control number. Currently,
the Agencies are soliciting comment concerning the proposed extension,
without change, of OMB approval of the information collections
contained in the information collection titled, ``Interagency Guidance
on Asset Securitization Activities.''
DATES: Comments should be submitted by January 2, 2004.
ADDRESSES: Comments should be directed to the Agencies and the OMB Desk
Officer for the Agencies as follows:
OCC: Office of the Comptroller of the Currency, Public Information
Room, 250 E Street, SW., Mail Stop 1-5, Attention: 1557-0217,
Washington, DC 20219. Due to delays in delivery of paper mail in the
Washington area, commenters are encouraged to submit comments by fax or
electronic mail. Comments may be sent by fax to (202) 874-4448, or by electronic mail to
firstname.lastname@example.org. You can inspect and
photocopy comments at the OCC's Public Information Room. You can make
an appointment to inspect the comments by calling (202) 874-5043.
FDIC: Steven F. Hanft, Paperwork Clearance Officer, Legal Division,
Room MB-3064, Attention: Comments/Legal Division, Federal Deposit
Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. All
comments should refer to ``Interagency Guidance on Asset Securitization
Activities, 3064-0137.'' Comments may be hand-delivered 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: email@example.com. Comments may be
inspected and photocopied in the FDIC Public Information Center, Room
100, 801 17th Street, NW., Washington, DC between 9 a.m. and 4:30 p.m.
on business days.
OTS: Information Collection Comments, Chief Counsel's Office,
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552,
Attention: 1550-0104, Fax number (202) 906-6518, or e-mail to firstname.lastname@example.org.
OTS will post comments and the
related index on the OTS Internet Site at http://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 email@example.com, or send a
facsimile transmission to (202) 906-7755.
OMB Desk Officer for the Agencies: Joseph F. Lackey, Jr., Office of
Information and Regulatory Affairs, Office of Management and Budget,
New Executive Office Building, Room 10235, Washington, DC 20503, or e-mail to firstname.lastname@example.org.
FOR FURTHER INFORMATION CONTACT: You may request additional information
OCC: Jessie B. Dunaway, OCC Clearance Officer, (202) 874-5090,
Legislative and Regulatory Activities Division, Office of the
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.
FDIC: Steven F. Hanft, Paperwork Clearance Officer, (202) 898-3907,
Legal Division, Federal Deposit Insurance Corporation, 550 17th Street,
NW., Washington, DC 20429.
OTS: Marilyn K. Burton, OTS Clearance Officer, (202) 906-6467,
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.
Title: Interagency Guidance on Asset Securitization Activities.
OMB Control Numbers:
Type of Review: Extension, without revision, of a currently
Form Number: None.
Abstract: The information collection recordkeeping requirements in
the Interagency Guidance are applicable to institutions engaged in
asset securitization activities. The Guidance requires institutions to
develop a written asset securitization policy, documentation of fair
value of retained interests, and a management information system to
monitor securitization activities. Institution management uses the
information 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.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents:
Estimated Number of Responses:
Estimated Annual Burden Hours:
OCC: 2,115 hours.
OTS: 1,260 hours.
Frequency of Response: On occasion.
Comments submitted in response to this notice will be summarized in
the request for OMB approval. All comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection is necessary for the proper performance
of the functions of the agency, including whether the information has
(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 startup costs and costs of operation,
maintenance, and purchase of services to provide information.
Dated: October 8, 2003.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
Dated at Washington, DC this 2nd day of October, 2003.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Dated: October 9, 2003.
By the Office of Thrift Supervision.
James E. Gilleran,
[FR Doc. 03-27499 Filed 10-31-03; 8:45 am]
BILLING CODES 4810-33-P; 6714-01-P; 6720-01-P