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###### Department of the Treasury

# AGENCY:

Office of Thrift Supervision (OTS), Treasury.

# ACTION:

Notice and request for comment.

# 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, 44 U.S.C. 3507. OTS is soliciting public comments on the proposal.

# DATES:

                        Submit written comments on or before February 11, 2011. A copy of this ICR, with applicable supporting documentation, can be obtained from RegInfo.gov at                         *http://www.reginfo.gov/​public/​do/​PRAMain.*

# ADDRESSES:

                        Send comments, referring to the collection by title of the proposal or by OMB approval number, to OMB and OTS at these addresses: Office of Information and Regulatory Affairs, Attention: Desk Officer for OTS, U.S. Office of Management and Budget, 725 17th Street, NW., Room 10235, Washington, DC 20503, or by fax to (202) 393-6974; and Information Collection Comments, Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, by fax to (202) 906-6518, or by e-mail to                         *infocollection.comments@ots.treas.gov.*                         OTS will post comments and the related index on the OTS Internet Site at                         *http://www.ots.treas.gov.*                         In addition, interested persons may inspect comments at the Public Reading Room, 1700 G Street, NW., Washington, DC 20552 by appointment. To make an appointment, call (202) 906-5922, send an e-mail to public.info@ots.treas.gov, or send a facsimile transmission to (202) 906-7755.                    

# 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,*                         or call (202) 906-6531, or facsimile number (202) 906-6518, Regulations and Legislation Division, Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.                    

# SUPPLEMENTARY 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:*                     Identity Theft Red Flags and Address Discrepancies under the Fair and Accurate Credit Transactions Act of 2003.                

*OMB Number:*                     1550-0113.                

*Form Number:*                     N/A.                

*Description:*                     The Fair and Accurate Credit Transactions Act of 2003 (FACT                           ( print page 2198)                        Act) Section 114 amends section 615 of the Fair Credit Reporting Act (FCRA) to require the OTS, Office of the Comptroller of the Currency, Federal Reserve Board, Federal Deposit Insurance Corporation, National Credit Union Administration, and Federal Trade Commission (Agencies) to issue jointly guidelines for financial institutions and creditors regarding identity theft with respect to their account holders and customers. In developing the guidelines, the Agencies must identify patterns, practices, and specific forms of activity that indicate the possible existence of identity theft. The regulations require each financial institution and creditor to establish reasonable policies and procedures for implementing the guidelines to identify possible risks to account holders or customers or to the safety and soundness of the institution or creditor.                

The FACT Act Section 315 amends section 605 of the FCRA to require the Agencies to issue joint regulations providing guidance regarding reasonable policies and procedures that a user of consumer reports must employ when a user receives a notice of address discrepancy from a consumer reporting agency (CRA). The regulations describe reasonable policies and procedures for users of consumer reports to enable a user to form a reasonable belief that it knows the identity of the person for whom it has obtained a consumer report, and reconcile the address of the consumer with the CRA, if the user establishes a continuing relationship with the consumer and regularly and in the ordinary course of business furnishes information to the CRA.

*Type of Review:*                     Extension of a currently approved collection.                

*Affected Public:*                     Business or other for-profit.                

*Estimated Number of Respondents:*                     739.                

*Estimated Frequency of Response:*                     On occasion.                

*Estimated Total Burden:*                     11,824 hours.                

*Clearance Officer:*                     Ira L. Mills, (202) 906-6531, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.                

Dated: January 6, 2011.

Ira L. Mills,

Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift Supervision.

[FR Doc. 2011-400 Filed 1-11-11; 8:45 am]

BILLING CODE 6720-01-P