Federal Register / Vol. 75, No. 26 / Tuesday, February 9, 2010 / Notices 6435 

Comments should address one or 

more of the following points: 

a. Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of OTS; 

b. The accuracy of OTS’s estimate of 

the burden of the proposed information 

collection; 

c. Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

d. Ways to minimize the burden of the 

information collection on respondents, 

including through the use of 

information technology. 

We will summarize the comments 

that we receive and include them in the 

OTS request for OMB approval. All 

comments will become a matter of 

public record. In this notice, OTS is 

soliciting comments concerning the 

following information collection: 

Title of Proposal: Procedures for 

Monitoring Bank Secrecy Act 

Compliance. 

OMB Number: 1550–0041. 

Form Numbers: N/A. 

Regulation requirement: 12 CFR Parts 

563.177 and 563.180. 

Description: In 1970, Congress passed 

the Currency and Foreign Transactions 

Report Act commonly known as the 

‘Bank Secrecy Act’ (‘‘BSA’’). The Money 

Laundering Control Act of 1986 further 

augmented the BSA’s effectiveness by 

adding interrelated sections 8(s) and 21 

to the Federal Deposit Insurance Act, 

which applies to savings associations. 

Specifically, Section 1359 of the AntiDrug Abuse Act of 1986, Public Law 99– 

570 (‘‘Act’’), required the former Federal 

Home Loan Bank Board (‘‘FHLBB’’) to 

prescribe regulations requiring regulated 

institutions to establish and maintain 

procedures reasonably designed to 

assure and monitor compliance with the 

BSA and the U.S. Department of 

Treasury regulation 31 CFR part 103. 

The Office of Thrift Supervision (‘‘OTS’’) 

is charged with the responsibility to 

examine savings association procedures 

periodically to ensure their 

effectiveness; OTS is therefore subject to 

the Act. See 12 CFR 563.177 and 

563.180. The requirement that savings 

associations establish written BSA 

compliance procedures is a one-time 

event, but revisions to those procedures 

must occur as deemed necessary. 

OTS examiners review the written 

procedures during examinations in 

order to ensure the implementation of 

adequate systems for complying with 

the BSA and its implementing 

regulations. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 

765. 

Estimated Burden Hours per 

Response: 40 hours. 

Estimated Frequency of Response: 

Annually. 

Estimated Total Burden: 30,600 

hours. 

Dated: February 3, 2010. 

Ira L. Mills, 

Paperwork Clearance Officer, Office of Thrift 

Supervision. 

[FR Doc. 2010–2719 Filed 2–8–10; 8:45 am] 

BILLING CODE 6720–01–P 

TENNESSEE VALLEY AUTHORITY 

[Meeting No. 10–01] 

Sunshine Act Meeting Notice 

The TVA Board of Directors will hold 

a public meeting on February 11, 2010, 

at the Holiday Inn Hotel and Suites, 

Bristol Convention Center, Ballrooms B/ 

C, 3005 Linden Drive, Bristol, Virginia 

24202, to consider the matters listed 

below. The public may comment on any 

agenda item or subject at a public 

listening session which begins at 8:30 

a.m. Immediately following the end of 

the public listening session, the meeting 

will be called to order to consider the 

agenda items listed below. Please Note: 

Speakers must pre-register online at 

TVA.gov or sign in before the meeting 

begins at 8:30 a.m. on the day of the 

meeting. The Board will answer 

questions from the news media 

following the Board meeting. 

STATUS: Open. 

Agenda 

Old Business 

Approval of minutes of November 19, 

2009, Board Meeting. 

New Business 

1. Chairman’s Report. 

2. President’s Report. 

3. Report of the Finance, Strategy, 

Rates, and Administration Committee: 

A. Winning Performance/Long-Term 

Incentive Compensation for Fiscal Year 

2010. 

B. Executive Compensation. 

C. Extension of interim jointownership arrangements with Seven 

States Corporation for Southaven Power 

Plant. 

4. Report of the Operations, 

Environment, and Safety Committee: 

A. TVA Transmission Standards of 

Conduct. 

5. Report of the Audit, Governance, 

and Ethics Committee. 

6. Report of the Community Relations 

and Energy Efficiency Committee. 

For more information: Please call 

TVA Media Relations at (865) 632–6000, 

Knoxville, Tennessee. People who plan 

to attend the meeting and have special 

needs should call (865) 632–6000. 

Anyone who wishes to comment on any 

of the agenda in writing may send their 

comments to: TVA Board of Directors, 

Board Agenda Comments, 400 West 

Summit Hill Drive, Knoxville, 

Tennessee 37902. 

February 4, 2010. 

Maureen H. Dunn, 

General Counsel and Secretary. 

[FR Doc. 2010–2902 Filed 2–5–10; 11:15 am] 

BILLING CODE 8120–08–P 


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