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DEPARTMENT OF THE TREASURY

Thrift Supervision Office

NOTICE: NOTICES

DOCUMENT ACTION: Notice and request for comment.

SUBJECT CATEGORY: Proposed Agency Information Collection Activities; Comment Request--Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities

DATES: Submit written comments on or before January 17, 2008. A copy of this ICR, with applicable supporting documentation, can be obtained from RegInfo.gov at http://www.reginfo.gov/public/do/PRAMain.

DOCUMENT SUMMARY: The proposed information collection request (ICR) described below has been submitted to the Office of Management and Budget (OMB) for review and approval, as required by the Paperwork Reduction Act of 1995. OTS is soliciting public comments on the proposal.

SUMMARY: Agency information collection activities; proposals, submissions, and approvals,


SUPPLEMENTAL INFORMATION

OTS may not conduct or sponsor an information collection, and respondents are not required to respond to an information collection, unless the information collection displays a currently valid OMB control number. As part of the approval process, we invite comments on the following information collection.

Title of Proposal: Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities.

OMB Number: 15500111.

Form Number: N/A.

Description: The Statement describes some of the internal controls and risk management procedures that may help financial institutions identify, manage, and address the heightened reputational and legal risks that may arise from elevated risk complex structured finance transactions.

Type of Review: Extension without change of currently approved collection.

Affected Public: Business or other for profit.

Estimated Number of Respondents: 5.

Estimated Frequency of Response: On occasion.

Estimated Burden Hours per Response: 25 hours.

Estimated Total Burden: 125 hours.

Clearance Officer: Ira L. Mills, (202) 9066531, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.

Dated: December 13, 2007.
Deborah Dakin,
Senior Deputy Chief Counsel, Regulations and Legislation Division. [FR Doc. E724503 Filed 121707; 8:45 am]
BILLING CODE 672001P

FOR FURTHER INFORMATION CONTACT For further information or to obtain a copy of the submission to OMB, please contact Ira L. Mills at,
ira.mills@ots.treas.gov
(202) 9066531, or facsimile number (202) 906 6518, Litigation Division, Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.


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