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FDIC Federal Register Citations

[Federal Register: April 9, 2004 (Volume 69, Number 69)]
[Page 19008-19009]
From the Federal Register Online via GPO Access []



Office of the Comptroller of the Currency

Office of Thrift Supervision


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

AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury;
Office of Thrift Supervision (OTS), 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.


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 an information collection titled ``Interagency Guidance on
Asset Securitization Activities.'' 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 May 10, 2004.

ADDRESSES: You are invited to submit a comment to the OMB Desk Officer
and any or all of the agencies. Please direct your comments as follows:
OMB: Mark Menchik, Desk Officer, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 10235, Washington, DC 20503. Alternatively, you
may send a comment by facsimile transmission to (202) 395-6974, or by
electronic mail to
OCC: Communications Division, Office of the Comptroller of the
Currency, 250 E Street, SW., Third Floor, Attention: 1557-0217,
Washington, DC 20219. Alternatively, you may send a comment by
facsimile transmission to (202) 874-5274, or by electronic mail to You can inspect and photocopy the comments
at the OCC's Public Reference Room, 250 E Street, SW., Washington, DC,
between 9 a.m. and 5 p.m. on business days. You can make an appointment
to inspect the comments by calling (202) 874-5043.
OTS: Information Collection Comments, Chief Counsel's Office,
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552,
Attention: 1550-0104. You may fax your comments to (202) 906-6518, or
e-mail them 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)
FDIC: Steven F. Hanft, Paperwork Control Officer, Legal Division
Room MB-3064, FDIC, 550 17th Street, NW., Washington, DC 20429, (202)
898-3907, Attention: 3064-0137. You may also 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., or fax
comments to (202) 898-3838.

OCC: John Ference 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: Marilyn K. Burton, (202) 906-6467, Clearance Officer, Office
of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.
FDIC: Steven F. Hanft, (202) 898-3907, at the address listed


[[Page 19009]]

Title: Interagency Guidance on Asset Securitization Activities.
OMB Numbers:
OCC: 1557-0217.
OTS: 1550-0104.
FDIC: 3064-0137.
Type of Review: Renewal, without change, of a currently approved
Estimate of Annual Burden:

Estimated Number of Respondents:
OCC: 42.
OTS: 33.
FDIC: 20.
Estimated Responses per Respondent:
OCC: 1 per year.
OTS: 1 per year.
FDIC: 1 per year.
Estimated Total Annual Burden:
OCC: 306 hours.
OTS: 693 hours.
FDIC: 149 hours.

Abstract: The collection applies to institutions engaged in asset
securitization and consists 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 uses 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: You may obtain information about this
submission, including a copy of the Interagency Guidance, by calling or
writing the appropriate agency contact.
The Board of Governors of the Federal Reserve System has
participated in the development and review of this information
collection and will process its renewal of its information collection
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: March 25, 2004.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.

Dated: March 30, 2004.
By the Office of Thrift Supervision.
Richard M. Riccobono,
Deputy Director.

Dated in Washington, DC, this 25th day of March, 2004.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 04-8036 Filed 4-8-04; 8:45 am]
BILLING CODE 4810-33-P; 6720-01-P; 6714-01-P

Last Updated 04/13/2004

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