Proposed Agency Information Collection Activities; Comment Request

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 comment on proposed and continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13. Today, the Office of Thrift Supervision within the Department of the Treasury solicits comments on the OTS Notice of Hiring or Indemnifying Senior Executive Officers.

DATES:

Submit written comments on or before August 29, 2000.

ADDRESSES:

Send comments to Manager, Dissemination Branch, Information Management and Services Division, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, Attention 1550-0047. Hand deliver comments to the Guard's Desk, East Lobby Entrance, 1700 G Street, NW., from 9 a.m. to 4 p.m. on business days. Send facsimile transmissions to FAX Number (202) 906-7755; or (202) 906-6956 (if comments are over 25 pages). Send e-mails to “public.info@ots.treas.gov”, and include your name and telephone number. Interested persons may inspect comments at the Public Reference Room, 1700 G St. N.W., from 10 a.m. until 4 p.m. on Tuesdays and Thursdays.

FOR FURTHER INFORMATION CONTACT:

Nadine Washington, Supervision, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, (202) 906-6706.

SUPPLEMENTARY INFORMATION:

Title: Notice of Hiring or Indemnifying Senior Executive Officers.

OMB Number: 1550-0047.

Form Number: OTS 1624, 1623, 1606.

Abstract: Congress requires the OTS to ensure that individuals and/or companies proposing to acquire, either directly or indirectly, control of, or to exercise influence over the operations of, OTS regulated savings institutions, will operate such institutions in a safe and sound manner. OTS is revising Form 1606, Applicant Certification, attached to OTS Regulatory Bulletin Number RB 20, regarding criminal and other background information of interest to the OTS in the evaluation process.

Current Actions: OTS proposes to renew this information collection with revision.

Type of Review: Revision.

Affected Public: Business or For Profit.

Estimated Number of Respondents: 1,798.

Estimated Time Per Respondent: 5.8 hours.

Estimated Total Annual Burden Hours: 10,438 hours.

Request for Comments

The OTS will summarize comments submitted in response to this notice or will include these comments in its request for OMB approval. All comments will become a matter of public record. The OTS invites comment 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 starting costs and costs of operation, maintenance, and purchase of services to provide information.