Office of the Comptroller of the Currency (OCC), Treasury.
Notice and request for comment.
The OCC, 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 a continuing information collection, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless the information collection displays a currently valid OMB control number. The OCC is soliciting comment concerning its information collection titled, “Fiduciary Activities of National Banks—12 CFR 9.” The OCC also gives notice that it has sent the information collection to OMB for review and approval.
You should submit your comments to the OCC and the OMB Desk Officer by January 27, 2003.
You should direct comments to: Communications Division, Office of the Comptroller of the Currency, Public Information Room, Mailstop 1-5, Attention: 1557-0102, 250 E Street, SW., Washington, DC 20219. Due to delays in paper mail in the Washington area, commenters are encouraged to submit comments by fax or e-mail. Comments may be sent by fax to (202) 874-4448, or by e-mail to email@example.com. You can inspect and photocopy the comments at the OCC's Public Information Room, 250 E Street, SW, Washington, DC 20219. You can make an appointment to inspect the comments by calling (202) 874-5043.
Joseph F. Lackey, Jr., OMB Desk Officer for the OCC, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503.Start Further Info
FOR FURTHER INFORMATION CONTACT:
You can request additional information or a copy of the collection from Jessie Dunaway, OCC Clearance Officer, 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.End Further Info End Preamble Start Supplemental Information
The OCC is proposing to extend OMB approval of the following information collection:
Title: Fiduciary Activities of National Banks “ 12 CFR 9.
OMB Number: 1557-0140.
Description: This submission covers an existing regulation and involves no change to the regulation or to the information collection. The OCC requests only that OMB extend its approval of the information collection.
Under 12 U.S.C. 92a, the OCC regulates the fiduciary activities of national banks, including the administration of collective investment funds. The requirements in 12 CFR Part 9 enable the OCC to perform its responsibilities relating to the fiduciary activities of national banks and collective investment funds. The collections of information in part 9 are found in §§ 9.8(b), 9.9(a) and (b), 9.17(a), 9.18(b)(1), 9.18(b)(6)(ii), 9.18(b)(6)(iv), and 9.18(c)(5) as follows:
Section 9.8(b) requires a national bank to maintain fiduciary records;
Section 9.9(a) and (b) require a national bank to note the results of a Start Printed Page 79243fiduciary audit in the minutes of the board of directors;
Section 9.17(a) requires a national bank that wants to surrender its fiduciary powers to file with the OCC a certified copy of the resolution of its board of directors;
Section 9.18(b)(1) requires a national bank to establish and maintain each collective investment fund in accordance with a written plan;
Section 9.18(b)(1) also requires a national bank to make the plan available for public inspection and to provide a copy of the plan to any person who requests it;
Section 9.18(b)(6)(ii) requires a national bank to prepare a financial report of the fund;
Section 9.18(b)(6)(iv) requires a national bank to disclose the financial report to investors and other interested persons; and
Section 9.18(c)(5) requires a national bank to request OCC approval of special exemption funds.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 842.
Estimated Total Annual Responses: 842.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 9,414 hours.Start Signature
Dated: December 20, 2002.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 02-32720 Filed 12-26-02; 8:45 am]
BILLING CODE 4810-33-P