41186 Federal Register / Vol. 74, No. 156 / Friday, August 14, 2009 / Notices 

Task 96–7—(Completed) Developing 

Roadway Maintenance Machines (OnTrack Equipment) Safety Standards. 

Task 96–8—(Completed) This 

planning task evaluated the need for 

action responsive to recommendations 

contained in a report to Congress titled, 

Locomotive Crash worthiness & 

Working Conditions. 

Task 97–1—(Completed) Developing 

crashworthiness specifications (49 CFR 

Part 229) to promote the integrity of the 

locomotive cab in accidents resulting 

from collisions. 

Task 97–2—(Completed) Evaluating 

the extent to which environmental, 

sanitary, and other working conditions 

in locomotive cabs affect the crew’s 

health and the safe operation of 

locomotives, proposing standards where 

appropriate. 

Task 97–3—(Completed) Developing 

event recorder data survivability 

standards. 

Task 97–4 and Task 97–5— 

(Completed) Defining PTC 

functionalities, describing available 

technologies, evaluating costs and 

benefits of potential systems, and 

considering implementation 

opportunities and challenges, including 

demonstration and deployment. 

Task 97–6—(Completed) Revising 

various regulations to address the safety 

implications of processor-based signal 

and train control technologies, 

including communications-based 

operating systems. 

Task 97–7—(Completed) Determining 

damages qualifying an event as a 

reportable train accident. 

Task OO–1—(Task withdrawn) 

Determining the need to amend 

regulations protecting persons who 

work on, under, or between rolling 

equipment and persons applying, 

removing, or inspecting rear end 

marking devices (Blue Signal 

Protection). 

Task O1–1—(Completed) Developing 

conformity of FRA’s regulations for 

accident/incident reporting (49 CFR Part 

225) to revised regulations of the 

Occupational Safety and Health 

Administration, U.S. Department of 

Labor, and to make appropriate 

revisions to the FRA Guide for 

Preparing Accident/Incident Reports. 

Task OB–O1—(Completed) Report on 

the Nation’s Railroad Bridges. Report to 

the FRA Administrator on the current 

state of railroad bridge safety 

management; update the findings and 

conclusions of the 1993 Summary 

Report of the FRA Railroad Bridge 

Safety Survey. 

Task No. OB–06—(Completed) Hours 

of Service Recordkeeping and 

Reporting. Develop revised 

recordkeeping and reporting 

requirements for hours of service of 

railroad employees. Final rule 

published May 27, 2009, with an 

effective date of July 16, 2009 (74 FR 

25330). 

Please refer to the notice published in 

the Federal Register on March 11, 1996 

(61 FR 9740), for more information 

about the RSAC. 

Issued in Washington, DC, on August 10, 

2009. 

Grady C. Cothen, Jr., 

Deputy Associate Administrator for Safety 

Standards and Program Development. 

[FR Doc. E9–19560 Filed 8–13–09; 8:45 am] 

BILLING CODE 4910–06–P 

DEPARTMENT OF THE TREASURY 

Comptroller of the Currency 

Agency Information Collection 

Activities: Submission for OMB 

Review; Comment Request 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Notice and request for comment. 

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, ‘‘Investment Securities (12 CFR 

part 1).’’ The OCC also gives notice that 

it has sent the information collection to 

the Office of Management and Budget 

(OMB) for review. 

DATES: You should submit written 

comments by September 14, 2009. 

ADDRESSES: You should direct your 

comments to: 

Communications Division, Office of 

the Comptroller of the Currency, Public 

Information Room, Mailstop 2–3, 

Attention: 1557–0205, 250 E Street, 

SW., Washington, DC 20219. In 

addition, comments may be sent by fax 

to (202) 874–4448, or by electronic mail 

to regs.comments@occ.treas.gov. You 

can inspect and photocopy the 

comments at the OCC, 250 E Street, 

SW., Washington, DC 20219. 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 to submit to security screening in 

order to inspect and photocopy 

comments. 

Additionally, you should send a copy 

of your comments to OCC Desk Officer, 

1557–0205, by mail to U.S. Office of 

Management and Budget, 725 17th 

Street, NW., #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: Investment Securities (12 CFR 

part 1). 

OMB Number: 1557–0205. 

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 in 12 CFR part 1 are as 

follows: Under 12 CFR 1.4(h)(2), a 

national bank may request an OCC 

determination that it may invest in an 

entity that is exempt from registration 

under section 3(c)(1) of the Investment 

Company Act of 1940 if the portfolio of 

the entity consists exclusively of assets 

that a national bank may purchase and 

sell for its own account. The OCC uses 

the information contained in the request 

as a basis for determining that the 

bank’s investment is consistent with its 

investment authority under applicable 

law and does not pose unacceptable 

risk. 

Under 12 CFR 1.7(b), a national bank 

may request OCC approval to extend the 

five-year holding period of securities 

held in satisfaction of debts previously 

contracted (DPC) for up to an additional 

five years. The bank must provide a 

clearly convincing demonstration of 

why any additional holding period is 

needed. The OCC uses the information 

in the request to ensure, on a case-bycase basis, that the bank’s purpose in 

retaining the securities is not 

speculative and that the bank’s reasons 

for requesting the extension are 

adequate, and to evaluate the risks to 

the bank of extending the holding 

period, including potential effects on 

bank safety and soundness. 

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Federal Register / Vol. 74, No. 156 / Friday, August 14, 2009 / Notices 41187 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 

25. 

Estimated Total Annual Responses: 

25. 

Estimated Total Annual Burden: 460 

hours. 

Frequency of Response: On occasion. 

The OCC issued a 60-day notice for 

comment on May 8, 2009. 74 FR 21738. 

No comments were received. Comments 

continued to be invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information has 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 on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and 

(e) Estimates of capital or startup costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

Dated: August 10, 2009. 

Michele Meyer, 

Assistant Director, Legislative and Regulatory 

Activities Division. 

[FR Doc. E9–19469 Filed 8–13–09; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Proposed Information 

Collection; Comment Request 

AGENCY: Office of the Comptroller of the 

Currency, Treasury. 

ACTION: Notice and request for comment. 

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, ‘‘Leasing.’’ 

DATES: Comments must be received by 

October 13, 2009. 

ADDRESSES: Communications Division, 

Office of the Comptroller of the 

Currency, Public Information Room, 

Mailstop 2–3, Attention: 1557–0206, 

250 E Street, SW., Washington, DC 

20219. In addition, comments may be 

sent by fax to (202) 874–5274, or by 

electronic mail to 

regs.comments@occ.treas.gov. You can 

inspect and photocopy the comments at 

the OCC, 250 E Street, SW., Washington, 

DC 20219. 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 to submit to security 

screening in order to inspect and 

photocopy comments. 

Additionally, you should send a copy 

of your comments to OCC Desk Officer, 

1557–0206, by mail to U.S. Office of 

Management and Budget, 725 17th 

Street, NW., #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 of the following information 

collection: 

Title: Leasing (12 CFR part 23). 

OMB Number: 1557–0206. 

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 

the expiration date. 

Information Collection Requirements 

Found in 12 CFR Part 23 

12 CFR 23.4(c) 

Under 12 CFR 23.4(c), national banks 

must liquidate or re-lease personal 

property that is no longer subject to 

lease (off-lease property) within five 

years from the date of the lease 

expiration. If a bank wishes to extend 

the five-year holding period for up to an 

additional five years, it must obtain 

OCC approval. Permitting a bank to 

extend the holding period may result in 

cost savings to national banks. It also 

provides flexibility for a bank that 

experiences unusual or unforeseen 

conditions which would make it 

imprudent to dispose of the off-lease 

property. Section 23.4(c) requires a bank 

seeking an extension to provide a 

clearly convincing demonstration as to 

why an additional holding period is 

necessary. In addition, a bank must 

value off-lease property at the lower of 

current fair market value or book value 

promptly after the property comes offlease. These requirements enable the 

OCC to ensure that a bank is not holding 

the property for speculative reasons and 

that the value of the property is 

recorded in accordance with generally 

accepted accounting principles (GAAP). 

Section 23.5 

Under 12 CFR 23.5, leases are subject 

to the lending limits prescribed by 12 

U.S.C. 84 or, if the lessee is an affiliate 

of the bank, to the restrictions on 

transactions with affiliates prescribed by 

12 U.S.C. 371c and 371c-1. See 12 CFR 

23.6. Twelve U.S.C. 24 contains two 

separate provisions authorizing a 

national bank to acquire personal 

property for purposes of lease financing. 

Twelve U.S.C. 24 (Seventh) authorizes 

leases of personal property (section 24 

(Seventh) Leases) if the lease serves as 

the functional equivalent of a loan. See 

12 CFR 23.20. A national bank may also 

acquire personal property for purposes 

of lease financing under the authority of 

12 U.S.C. 24 (Tenth) (CEBA Leases). 

Section 23.5 requires that if a bank 

enters into both types of leases, its 

records must distinguish between the 

two types of leases. This information is 

required to prove that the national bank 

is complying with the limitations and 

requirements applicable to the two 

types of leases. 

National banks use the information to 

ensure their compliance with applicable 

Federal banking law and regulations 

and accounting principles. The OCC 

uses the information in the conduct of 

bank examinations and as an audit tool 

to verify bank compliance with law and 

regulations. In addition, the OCC uses 

national bank requests for permission to 

extend the holding period for off-lease 

property to ensure national bank 

compliance with relevant law and 

regulations and to ensure bank safety 

and soundness. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals; 

Businesses or other for-profit. 

Estimated Number of Respondents: 

370. 

Estimated Total Annual Responses: 

370. 

Frequency of Response: On occasion. 

Estimated Total Annual Burden: 685. 

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