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FDIC Federal Register Citations

[Federal Register: November 3, 2003 (Volume 68, Number 212)]
[Page 62349-62350]



Office of the Comptroller of the Currency



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 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: 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
 OTS will post comments and the 
related index on the OTS Internet Site at 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, 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

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:

OCC: 1557-0217.
FDIC: 3064-0137.
OTS: 1550-0104.

    Type of Review: Extension, without revision, of a currently 
approved collection.
    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.
    Burden Estimates:
    Estimated Number of Respondents:

OCC: 50.

[[Page 62350]]

OTS: 30.
    Estimated Number of Responses:

OCC: 50.
OTS: 30.

    Estimated Annual Burden Hours:

OCC: 2,115 hours.
FDIC:2,070 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 
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 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,
Executive Secretary.
    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

Last Updated 2/11/2004

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