Agency information collection activities: Proposed collection; comment request,

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Federal Register: January 14, 1998 (Volume 63, Number 9)NoticesPage 2301From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr14ja98-143

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision

Proposed Agency Information Collection Activities; Comment Request

AGENCY: Office of Thrift Supervision, Department of Treasury.

ACTION: Notice and request for comments.

SUMMARY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13. Currently, the Office of Thrift Supervision within the Department of the Treasury is soliciting comments concerning the Loans to Executive Officers, Directors and Principal Shareholders of Savings Associations.

DATES: Written comments should be received on or before March 16, 1998 to be assured of consideration.

ADDRESSES: Send comments to Manager, Dissemination Branch, Records Management and Information Policy, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, Attention 1550-0075. These submissions may be hand delivered to 1700 G Street, NW. From 9:00 A.M. to 5:00 P.M. on business days; they may be sent by facsimile transmission to FAX Number (202) 906-7755; or they may be sent by e- mail: public.info@ots.treas.gov. Those commenting by e-mail should include their name and telephone number. Comments over 25 pages in length should be sent to FAX Number (202) 906-6956. Comments will be available for inspection at 1700 G Street, NW., from 9:00 A.M. until 4:00 P.M. on business days.

FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to Donna Deale, Supervision Policy, Supervision, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, (202) 906-7488. SUPPLEMENTARY INFORMATION:

Title: Loans to Executive Officers, Directors and Principal Shareholders of Savings Associations.

OMB Number: 1550-0075.

Form Number: Not Applicable.

Abstract: This regulation requires savings associations to maintain detailed records of their extensions of credit to executive officers, directors and principal shareholders. The regulation also requires that savings associations report to OTS all loans to executives and disclose the amount of credit extensions following a written request from the public. Indebtedness incurred from correspondent banks also must be disclosed to the board of directors.

Current Actions: OTS is proposing to renew this information collection without revision.

Type of Review: Extension of an already approved collection.

Affected Public: Business or For Profit.

Estimated Number of Respondents: 1229.

Estimated Time Per Respondent: 11 hours.

Estimated Total Annual Burden Hours: 13,519 hours.

Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality; (d) ways to minimize the burden of the collection of information on respondents, including 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: January 8, 1998. Catherine C. M. Teti, Director, Records Management and Information Policy.

FR Doc. 98-955Filed1-13-98; 8:45 amBILLING CODE 6720-01-P

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