[Federal Register Volume 77, Number 82 (Friday, April 27, 2012)]
[Notices]
[Pages 25231-25232]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-10139]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Proposed Information 
Collection; Submission for OMB Review

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION:  Notice and request for comment.

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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 OMB control number. The OCC is soliciting comment 
concerning its information collection titled, ``Bank Activities and 
Operations.'' The OCC is also giving notice that it has sent this 
collection to OMB for review.

DATES:  You should submit written comments by May 29, 2012.

ADDRESSES:  Communications Division, Office of the Comptroller of the 
Currency, Mailstop 2-3, Attention: 1557-0204, 250 E Street SW., 
Washington, DC 20219. In addition, comments may be sent by fax to (202) 
874-5274, or by electronic mail to <a href="/cdn-cgi/l/email-protection#53213634207d303c3e3e363d2720133c30307d27213632207d343c25"><span class="__cf_email__" data-cfemail="9ceef9fbefb2fff3f1f1f9f2e8efdcf3ffffb2e8eef9fdefb2fbf3ea">[email protected]</span></a>. You may 
personally inspect and photocopy comments at the OCC, 250 E Street SW., 
Washington, DC. For security reasons, the OCC requires that visitors 
make an appointment to inspect comments. You may do so by calling (202) 
874-4700. Upon arrival, visitors will be required to present valid 
government-issued photo identification and submit to security screening 
in order to inspect and photocopy comments.
    Additionally, you should send a copy of your comments to OCC Desk 
Officer,

[[Page 25232]]

1557-0204, by mail to U.S. Office of Management and Budget, 725, 17th 
Street NW., <greek-i>10235, Washington, DC 20503, or by fax to (202) 
395-6974.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Mary H. Gottlieb, OCC Clearance 
Officer, (202) 874-5090, Legislative and Regulatory Activities 
Division, Office of the Comptroller of the Currency, 250 E Street SW., 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval, 
without change, of the following information collection:
    Title: Bank Activities and Operations--12 CFR 7.
    OMB Control No.: 1557-0204.
    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 extend its approval of the 
information collection.
    The information collection requirements ensure that national banks 
conduct their operations in a safe and sound manner and in accordance 
with applicable Federal banking statutes and regulations. The 
information is necessary for regulatory and examination purposes.
    The information collection requirements in part 7 are as follows:
    <bullet> 12 CFR 7.1000(d)(1) (National bank ownership of property--
Lease financing of public facilities): National bank lease agreements 
must provide that the lessee will become the owner of the building or 
facility upon the expiration of the lease.
    <bullet> 12 CFR 7.1014 (Sale of money orders at nonbanking 
outlets): A national bank may designate bonded agents to sell the 
bank's money orders at nonbanking outlets. The responsibility of both 
the bank and its agent should be defined in a written agreement setting 
forth the duties of both parties and providing for remuneration of the 
agent.
    <bullet> 12 CFR 7.2000(b) (Corporate governance procedures--Other 
sources of guidance): A national bank shall designate in its bylaws the 
body of law selected for its corporate governance procedures.
    <bullet> 12 CFR 7.2004 (Honorary directors or advisory boards): Any 
listing of a national bank's honorary or advisory directors must 
distinguish between them and the bank's board of directors or indicate 
their advisory status.
    <bullet> 12 CFR 7.2014(b) (Indemnification of institution-
affiliated parties--Administrative proceeding or civil actions not 
initiated by a Federal agency): A national bank shall designate in its 
bylaws the body of law selected for making indemnification payments.
    <bullet> 12 CFR 7.2024(a) Staggered terms for national bank 
directors--Any national bank may adopt bylaws that provide for the 
staggering the terms of its directors. National banks shall provide the 
OCC with copies of any bylaws so amended.
    <bullet> 12 CFR 7.2024(c) Size of bank board--A national bank 
seeking to increase the number of its directors must notify the OCC any 
time the proposed size would exceed 25 directors.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 1,300.
    Estimated Total Annual Responses: 1,300.
    Estimated Total Annual Burden: 418 hours.
    Frequency of Response: On occasion.
    The OCC issued a 60-day Federal Register Notice on February 6, 2012 
(77 FR 5876). 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 OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC'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 start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: April 19, 2012.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2012-10139 Filed 4-26-12; 8:45 am]
BILLING CODE 4810-33-P


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