Federal Register: November 3, 2009 (Volume 74, Number 211)
DOCID: fr03no09-113 FR Doc E9-26444
DEPARTMENT OF THE TREASURY
Comptroller of the Currency
NOTICE: NOTICES
DOCID: fr03no09-113
DOCUMENT ACTION: Notice and request for comment.
SUBJECT CATEGORY:
Agency Information Collection Activities: Submission for OMB Review; Comment Request
DATES: Comments must be received by December 3, 2009.
DOCUMENT SUMMARY:
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 it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning its information collection titled, ``Securities Exchange Act Disclosure Rules (12 CFR Part 11).'' The OCC also gives notice that it has sent the information collection to OMB for review.
SUMMARY:
Agency Information Collection Activities; Proposals, Submissions, and Approvals
SUPPLEMENTAL INFORMATION
The OCC is proposing to extend OMB approval of the following information collection:
Title: Securities Exchange Act Disclosure Rules (12 CFR Part 11).
OMB Control No.: 15570106.
Description: This submission covers an existing regulation and involves no change to the regulation or to the information collection requirements. The OCC requests only that OMB approve its revised estimates.
The Securities and Exchange Commission (SEC) is required by statute to collect, through regulation, from any firm that is required to register its stock with the SEC, certain information and documents. 15 U.S.C. 78m(a)(1). Federal law also requires the OCC to apply similar regulations to any national bank similarly required to be registered (those with a class of equity securities held by 500 or more shareholders). 15 U.S.C. 78l(i).
12 CFR Part 11 ensures that ``a national bank whose securities are subject to registration'' provides adequate information about its operations to current and potential shareholders, depositors, and to the public. The OCC reviews the information to ensure that national banks comply with Federal law and make public all information required to be filed under these rules. Investors, depositors, and the public use the information to make informed investment decisions.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals; Businesses or other forprofit.
Estimated Number of Respondents: 29.
Estimated Total Annual Responses: 185.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 1,130.5.
The OCC issued a 60day Federal Register notice on August 14, 2009. 74
FR 41189. No comments were received. Comments continue to be invited on:
(a) Whether the collection of information 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 27, 2009.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division. [FR Doc. E926444 Filed 11209; 8:45 am]
BILLING CODE 481033P
FOR FURTHER INFORMATION CONTACT
You can request additional information
or a copy of the collection from Mary H. Gottlieb, OCC Clearance
Officer, (202) 8745090, Legislative and Regulatory Activities Division, Office of the
[[Page 56923]]
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.