18828 Federal Register / Vol. 76, No. 65 / Tuesday, April 5, 2011 / Notices 

calling the agency contact listed below. 

Comments regarding this information 

collection should be addressed to the 

OMB reviewer listed and to the 

Treasury Department Clearance Officer, 

Department of the Treasury, 1750 

Pennsylvania Avenue, NW., Suite 

11010, Washington, DC 20220. 

Dates: Written comments should be 

received on or before May 5, 2011 to be 

assured of consideration. 

OMB Number: 1505–XXXX. 

Type of Review: Emergency Clearance 

Request. 

Title: Qualitative Testing of Integrated 

Mortgage Loan Disclosure Forms. 

Description: The Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act, Public Law 111–203, Title X, 

requires CFPB to develop model forms 

that will integrate separate disclosures 

concerning residential mortgage loans 

that are required under the Truth in 

Lending Act and Real Estate Settlement 

Procedures Act. The CFPB 

implementation team will collect data, 

including through interviews and the 

internet, to inform its design and 

development of the mandated integrated 

disclosure and its implementation. The 

information collected through the oneon-one cognitive interviews and the 

internet will inform the disclosure 

form’s design and content, using an 

iterative process to improve the draft 

form to make it easier for consumers to 

use the document to identify the terms 

of the loan being offered to them and 

use that information to compare among 

different loan products. 

The data collection will include: 

• Consent forms that will be used to 

obtain the consent of participants in the 

cognitive interviewing; 

• Participant Questionnaires to obtain 

demographic information about the 

participants; 

• Interview protocols for both 

consumers and lenders/brokers; and 

• Tools that seek input from a larger 

community through the internet. 

The core objective of the data 

collection is to help refine specific 

features of the content or design of the 

form to maximize communication 

effectiveness while minimizing 

compliance burden, specifically by: 

• Evaluating one or more draft 

disclosure forms through iterative 

qualitative testing with consumers and 

lenders/brokers, including observation 

of consumers’ usage of the disclosure, 

their understanding of the contents, and 

the choices they make. 

• Collecting supplementary feedback 

through the internet from consumers, 

industry, housing counselors, and other 

interested parties regarding the draft 

disclosure(s). 

The qualitative testing is focused on 

the purposes of the integrated disclosure 

to: 

• Improve consumer understanding 

by better disclosing risks and costs so 

consumers can choose the home loans 

that best meet their needs; 

• Enable ‘‘shopping’’ in terms of 

comparing loan products and loan 

offers; and 

• Facilitate compliance and ease 

implementation for industry. 

The CFPB implementation team plans 

to test at six sites in five rounds to allow 

for changes to the disclosure between 

rounds. Because consumers are not the 

only ones who will interact with the 

loan disclosure, the testing plan 

includes one-on-one cognitive testing 

with brokers and lenders to evaluate the 

usefulness of the form, any potential 

areas of confusion, and potential 

implementation and usability 

challenges. 

Respondents: Individuals, businesses 

or other for-profit institutions. 

Estimated Total Reporting Burden: 

Screening Process: 

Total number of potential participants 

to be screened: 156 individuals. 

Estimated time to complete screening: 

10 minutes. 

Estimated participant screening 

burden: 26 hours (156 × 10/60). 

Estimated number of participants: 54 

individuals. 

Time to conduct study: 90 minutes. 

Estimated travel time to and from site: 

30 minutes. 

Estimated participant burden: 108 

hours (54 × 120/60). 

Estimated number of floaters: 24. 

Time to conduct study: 180 minutes. 

Estimated travel time to and from site: 

30 minutes. 

Estimated floater burden: 84 hours (24 

× 210/60). 

Total estimated participation burden: 

192 hours. 

Total Burden English interviews 

(screening and study participation) = 

218 hours (26 + 192) 

Spanish cognitive interviews: 

Total number of potential participants 

screened: 74 individuals. 

Estimated time to complete screening: 

10 minutes. 

Estimated participant screening 

burden: 12 hours (74 × 10/60). 

Estimated number of participants: 25 

individuals. 

Time to conduct study: 90 minutes. 

Estimated travel time to and from site: 

30 minutes. 

Estimated participant burden: 50 

hours (25 × 120/60). 

Estimated number of floaters: 10. 

Time to conduct study: 180 minutes. 

Estimated travel time to and from site: 

30 minutes. 

Estimated floater burden: 35 hours (10 

× 210/60). 

Total estimated participation burden: 

85 hours. 

Total Burden Spanish interviews 

(screening and study participation) = 97 

hours (12 + 85) 

Social Media Outreach 

Estimated number of participants at 

each opportunity to provide input = 

5000. 

Time to provide input = 5 minutes. 

Estimated participation burden: 417 

hours (5 × 5,000/60). 

Opportunities for structured input = 

3. 

Total estimated participation burden 

= 1,251 hours (417 × 3). 

Estimated Maximum Burden: 1,566 

hours (218 + 97 + 1,251) 

Comments are invited on: (a) Whether 

the collection of 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, utility, and clarity 

of the information to be collected; (d) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques on 

other forms of information technology; 

and (e) estimates of capital or start-up 

costs and cost of operation, 

maintenance, and purchase of services 

to provide information. All comments 

will be a matter of public record. 

Agency Contact: Pamela Blumenthal, 

CFPB implementation team, 1801 L 

Street, NW., Washington, DC 20036; 

(202) 435–7167. 

OMB Reviewer: Shagufta Ahmed, 

Office of Management and Budget, New 

Executive Office Building, Room 10235, 

Washington, DC 20503; (202) 395–7873. 

Dawn D. Wolfgang, 

Treasury PRA Clearance Officer. 

[FR Doc. 2011–8057 Filed 4–4–11; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

March 31, 2011. 

The Department of the Treasury will 

submit the following public information 

collection requirement to OMB for 

review and clearance under the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 on or after the date 

of publication of this notice. A copy of 

the submission may be obtained by 

contacting the Treasury Departmental 

Office Clearance Officer listed. 

Comments regarding these information 


srobinson on DSKHWCL6B1PROD with NOTICES
Federal Register / Vol. 76, No. 65 / Tuesday, April 5, 2011 / Notices 18829 

collections should be addressed to the 

OMB reviewer listed and to the 

Treasury PRA Clearance Officer, 

Department of the Treasury, 1750 

Pennsylvania Avenue, NW., Suite 

11010, Washington, DC 20220. 

Dates: Written comments should be 

received on or before May 5, 2011 to be 

assured of consideration. 

Departmental Offices, International 

Affairs 

OMB Number: 1505–NEW. 

Type of Review: New collection. 

Title: Treasury International Capital 

Form SLT, ‘‘Aggregate Holdings of LongTerm Securities by U.S. and Foreign 

Residents’’. 

Form: SLT. 

Abstract: Form SLT will be part of the 

Treasury International Capital (TIC) 

reporting system, which is required by 

law (22 U.S.C. 286f; 22 U.S.C. 3103; E.O. 

10033; 31 CFR part 128), for the purpose 

of providing timely information on 

international capital movements. Form 

SLT will be used to collect monthly data 

on cross-border ownership by U.S. and 

foreign residents of long-term securities 

for portfolio investment purposes. These 

data will be used by the U.S. 

Government in the formulation of 

international and financial policies and 

for the preparation of the U.S. balance 

of payments accounts and the U.S. 

international investment position. Form 

SLT is filed by U.S.-resident custodians, 

U.S.-resident issuers of long-term 

securities, and U.S.-resident endinvestors (including endowments, 

foundations, pension funds, mutual 

funds, and other investment managers/ 

advisors/sponsors) in long-term foreign 

securities. 

Respondents: Private Sector: 

Businesses or other for-profits; Not-forprofit institutions. 

Estimated Total Reporting Burden: 

20,520 hours. 

Departmental Office Clearance 

Officer: Dwight Wolkow, DO/ 

International Affairs, 1500 Pennsylvania 

Ave., NW., Rm. 5205, Washington, DC 

20220; (202) 622–1276. 

OMB Reviewer: Shagufta Ahmed, 

Office of Management and Budget, New 

Executive Office Building, Room 10235, 

Washington, DC 20503; (202) 395–7873. 

Dawn D. Wolfgang, 

Treasury PRA Clearance Officer. 

[FR Doc. 2011–8008 Filed 4–4–11; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Open Meeting of the President’s 

Advisory Council on Financial 

Capability 

AGENCY: Department of the Treasury. 

ACTION: Notice of meeting. 

SUMMARY: The President’s Advisory 

Council on Financial Capability 

(‘‘Council’’) will convene its second 

meeting on April 21, 2011 at the 

Department of Education, 400 Maryland 

Avenue, SW., Washington, DC, 

beginning at 11:00 a.m. Eastern Time. 

The meeting will be open to the public. 

The Council will: (1) Receive a report 

from the Council’s subcommittees 

(National Strategy, Financial Access, 

Research and Evaluation, Partnerships, 

and Youth) on their progress; and (2) 

review the composition and focus of the 

subcommittees. 

DATES: The meeting will be held on 

April 21, 2011, at 11 a.m. Eastern Time. 

Submission of Written Statements: 

The public is invited to submit written 

statements to the Council. Written 

statements should be sent by any one of 

the following methods: 

Electronic Statements 

E-mail ofe@treasury.gov; or 

Paper Statements 

Send paper statements to the 

Department of the Treasury, Office of 

Financial Education and Financial 

Access, Main Treasury Building, 1500 

Pennsylvania Avenue, NW., 

Washington, DC 20220. 

In general, the Department will make 

all statements available in their original 

format, including any business or 

personal information provided such as 

names, addresses, e-mail addresses, or 

telephone numbers, for public 

inspection and photocopying in the 

Department’s library, Room 1428, Main 

Department Building, 1500 

Pennsylvania Avenue, NW., 

Washington, DC 20220, on official 

business days between the hours of 10 

a.m. and 5 p.m. You can make an 

appointment to inspect statements by 

calling (202) 622–0990. All statements 

received, including attachments and 

other supporting materials, are part of 

the public record and subject to public 

disclosure. You should only submit 

information that you wish to make 

publicly available. 

FOR FURTHER INFORMATION CONTACT: 

Dubis Correal, Director, Office of 

Financial Education, Department of the 

Treasury, 1500 Pennsylvania Avenue, 

NW., Washington, DC 20220, at (202) 

622–5770 or ofe@treasury.gov. 

SUPPLEMENTARY INFORMATION: On 

January 29, 2010, the President signed 

Executive Order 13530, creating the 

Council to assist the American people in 

understanding financial matters and 

making informed financial decisions, 

thereby contributing to financial 

stability. The Council is composed of 

two ex officio Federal officials and 12 

non-governmental members appointed 

by the President with relevant 

backgrounds, such as financial services, 

consumer protection, financial access, 

and education. The role of the Council 

is to advise the President and the 

Secretary of the Treasury on means to 

promote and enhance individuals’ and 

families’ financial capability. The 

Council held its first meeting on 

November 30, 2010. At that meeting, the 

Chair recommended the establishment 

of five subcommittees to focus on the 

following strategic areas: National 

Strategy, Financial Access, Research 

and Evaluation, Partnerships, and 

Youth. 

In accordance with section 10(a) of 

the Federal Advisory Committee Act, 5 

U.S.C. App. 2 and the regulations 

thereunder, Dubis Correal, Designated 

Federal Officer of the Council, has 

ordered publication of this notice that 

the Council will convene its second 

meeting on April 21, 2011, at the 

Department of Education, 400 Maryland 

Avenue, SW., Washington, DC, 

beginning at 11 a.m. Eastern Time. The 

meeting will be open to the public. 

Members of the public who plan to 

attend the meeting must RSVP with 

their name, organization represented (if 

any), phone number, and e-mail 

address. To register, please go to 

http://www.treasury.gov, click on 

Resource Center, then Office of 

Financial Education and Financial 

Access, and then on the President’s 

Advisory Council on Financial 

Capability or call (202) 622–5770 by 5 

p.m. Eastern Time on April 14, 2011. 

For entry into the building on the date 

of the meeting, attendees must present 

a government-issued ID, such as a 

driver’s license or passport, which 

includes a photo. The purpose of the 

meeting is to receive an update from the 

Council’s subcommittees on their ideas, 

progress, and direction regarding 

potential recommendations. The 

Council will review the number, focus, 

and composition of the subcommittees. 

Dated: March 29, 2011. 

Alastair Fitzpayne, 

Executive Secretary, U.S. Department of the 

Treasury. 

[FR Doc. 2011–8039 Filed 4–4–11; 8:45 am] 

BILLING CODE 4810–25–P 


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