Federal Register / Vol. 76, No. 93 / Friday, May 13, 2011 / Notices 28129 

commander, and a data person at each 

agency. The respondents would not 

incur any reporting cost from the 

information collection beyond the time 

to respond to the information request 

and they would not incur any record 

keeping burden or record keeping cost 

from the information collection. 

Comments are invited on the 

following: 

(i) Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(ii) The accuracy of the agency’s 

estimate of the burden of the proposed 

information collection; 

(iii) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; and 

(iv) Ways to minimize the burden of 

the collection of information on 

respondents, including the use of 

automated collection techniques or 

other forms of information technology. 

A comment to OMB is most effective 

if OMB receives it within 30 days of 

publication. 

Authority: 44 U.S.C. 3506(c)(2)(A). 

Jeff Michael, 

Associate Administrator, Research and 

Program Development. 

[FR Doc. 2011–11784 Filed 5–12–11; 8:45 am] 

BILLING CODE 4910–59–P 

DEPARTMENT OF THE TREASURY 

Federal Advisory Committee on 

Insurance 

AGENCY: Departmental Offices, Treasury. 

ACTION: Notice of establishment of the 

Federal Advisory Committee on 

Insurance (FACI) and solicitation of 

applications for committee membership. 

SUMMARY: The Treasury Department has 

determined that it is in the public 

interest to establish the Federal 

Advisory Committee on Insurance. A 

Charter for the Committee has been 

prepared and will be filed no earlier 

than 15 days following the date of 

publication of this notice. This notice 

establishes criteria and procedures for 

the selection of members. 

FOR FURTHER INFORMATION CONTACT: C. 

Christopher Ledoux, Federal Insurance 

Office, Department of Treasury (202) 

622–6813. 

SUPPLEMENTARY INFORMATION: Pursuant 

to the Federal Advisory Committee Act, 

(Pub. L. 92–463, 5 U.S.C. App. 2 § 1–16, 

as amended), the Treasury Department 

intends to establish the following 

advisory committee, pursuant to its 

Charter: 

Title: The Federal Advisory Committee 

on Insurance (FACI) 

Purpose: The purpose of the 

Committee is to present advice and 

recommendations to the Federal 

Insurance Office (FIO) to assist the 

Office in carrying out its duties and 

authorities. The FIO will benefit from 

the knowledge and regulatory 

experience of the State and Tribal 

insurance regulators, who are the 

functional regulators of insurance, as 

well as the experience and perspective 

of industry experts and others. 

Statement of Public Interest: It is in 

the public interest to establish, under 

the provisions of the Federal Advisory 

Committee Act, the Federal Advisory 

Committee on Insurance (FACI). The 

FACI shall be a continuing advisory 

committee with an initial two-year term, 

subject to two-year re-authorizations. 

The Committee will provide a critical 

forum for State and Tribal insurance 

regulators and/or officials, distinguished 

members of the property and casualty 

insurance industry, the life insurance 

industry, the reinsurance industry, the 

agent and broker community, 

academics, and consumers. These views 

will be offered directly to the Director 

of the FIO on a regular basis. There 

exists no other source within the 

Federal government that could serve 

this function. 

Background 

The FACI has been formed by the 

authority under 31 U.S.C. 313(h) which 

authorizes the Secretary of the Treasury 

to issue orders, regulations, policies, 

and procedures to implement the FIO. 

In addition, the authorities of the FIO 

are carried out pursuant to the direction 

of the Secretary of the Treasury. 

The FIO was established in Subpart A 

of the Federal Insurance Office Act of 

2010 ((31 U.S.C. 313, et seq.), Title V of 

the Dodd-Frank Wall Street Reform and 

Consumer Protection Act, Public Law 

111–203, 12 U.S.C. 5301 et seq. (July 21, 

2010)). The FIO’s authorities extend to 

all lines of insurance except health 

insurance, long-term care insurance 

(except that which is included with life 

or annuity insurance components), and 

crop insurance. Generally, the duties 

and the authorities of the FIO are: 

—The FIO advises the Secretary of the 

Treasury on major domestic and 

prudential international insurance 

policy issues. 

—The FIO Director serves as a nonvoting member of the FSOC in an 

advisory capacity. The FIO has the 

authority to recommend to the FSOC 

that FSOC designate an insurer 

(including affiliates) to be an entity 

subject to regulation as a nonbank 

financial company supervised by the 

Board of Governors of the Federal 

Reserve. 

—The FIO monitors all aspects of the 

insurance industry, including 

identifying issues or gaps in the 

regulation of insurers that could 

contribute to a systemic crisis in the 

insurance industry or the U.S. 

financial system. 

—The Director also plays a role in 

authorizing the resolution of any 

insurance companies subject to 

regulation as a nonbank financial 

company. 

—The FIO coordinates and develops 

Federal policy on prudential aspects 

of international insurance matters, 

including representing the United 

States, as appropriate, in the 

International Association of Insurance 

Supervisors (or a successor entity), 

and assisting the Secretary (with the 

United States Trade Representative) 

in negotiating certain written bilateral 

or multilateral agreements regarding 

prudential insurance measures with 

respect to the business of insurance or 

reinsurance. The Office assists the 

Director in determining whether State 

insurance measures are preempted by 

such agreement or agreements. 

—The FIO monitors the extent to which 

traditionally underserved 

communities and consumers, 

minorities, and low- and moderateincome persons have access to 

affordable insurance products 

regarding all lines of insurance, 

except health insurance. 

—The FIO assists the Secretary of the 

Treasury and other officials in 

administering the Terrorism Risk 

Insurance Program. 

—The FIO also performs such other 

related duties and authorities as may 

be assigned to it by the Secretary of 

the Treasury. 

—In carrying out these functions, the 

Office may receive and collect data 

and information on and from the 

insurance industry and insurers; enter 

into information-sharing agreements; 

analyze and disseminate data and 

information; and issue reports 

regarding all lines of insurance except 

health insurance. 

Objective, Scope and Description of the 

Committee 

The Committee will advise the FIO on 

issues related to the responsibilities of 

the office. 

The FACI shall provide its advice, 

recommendations, analysis, and 

information directly to the FIO. The FIO 

mstockstill on DSKH9S0YB1PROD with NOTICES

28130 Federal Register / Vol. 76, No. 93 / Friday, May 13, 2011 / Notices 

may share the FACI’s advice and 

recommendations with the Secretary of 

the Treasury or other Treasury officials. 

The FIO will share information with the 

FACI as the Director determines will be 

helpful in allowing the FACI to carry 

out its role. Members will be selected by 

the Department from persons with 

expertise in the area of insurance. 

Members will be appointed to serve a 

two-year term. Members will be drawn 

from State and Tribal insurance 

regulators and/or officials, industry 

experts, and others who possess 

relevant expertise and/or who are 

familiar with or representative of 

affected constituencies. 

Appointments will be made with the 

objective of creating a diverse and 

balanced body with a variety of 

interests, backgrounds, and viewpoints 

represented. The FACI shall consist of 

not more than 15 members. 

The Committee will be chaired by a 

member selected by the FIO and 

Treasury officials. 

The Committee will function for a 

two-year period before renewal or 

termination. It will meet periodically, 

generally four times per year, in 

Washington, DC. 

The meetings are open to public 

observers, including the press, unless 

prior notice has been provided for a 

closed meeting. 

No person who is a Federallyregistered lobbyist may serve on an 

advisory committee. Membership on the 

Committee is personal to the appointee. 

Regular attendance is essential to the 

effective operation of the Committee. 

Application for Advisory Committee 

Appointment 

There is no prescribed format for the 

application. Applicants may send a 

cover letter describing their interest, 

reasons for application, and 

qualifications, and should enclose a 

complete professional biography or 

resume. 

Some members of the FACI may be 

required to adhere to the conflict of 

interest rules applicable to Special 

Government Employees as such 

employees are defined in 18 U.S.C. 

section 202(a). These rules include 

relevant provisions in 18 U.S.C. related 

to criminal activity, Standards of Ethical 

Conduct for Employees of the Executive 

Branch (5 CFR part 2635), and Executive 

Order 12674 (as modified by Executive 

Order 12731). 

In accordance with Department of 

Treasury Directive 21–03, a clearance 

process including, fingerprints, annual 

tax checks, and a Federal Bureau of 

Investigation criminal check. Applicants 

must state in their application that they 

agree to submit to these preappointment checks. 

The application period for interested 

candidates will extend to May 31, 2011. 

Applications should be submitted in 

sufficient time to be received by the 

close of business on the closing date and 

be addressed to e-mail address 

conrad.ledoux@treasury.gov or by mail 

to: The Federal Insurance Office, 

Department of the Treasury, 1500 

Pennsylvania Avenue, NW., 

Washington, DC 20220–0002, Attention: 

FACI. 

Dated: May 4, 2011. 

Jeffrey A. Goldstein, 

Under Secretary for Domestic Finance. 

[FR Doc. 2011–11857 Filed 5–12–11; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Office of Thrift Supervision 

Coastal Bank, Cocoa Beach, Florida; 

Notice of Appointment of Receiver 

Notice is hereby given that, pursuant 

to the authority contained in section 

5(d)(2) of the Home Owners’ Loan Act, 

the Office of Thrift Supervision has duly 

appointed the Federal Deposit Insurance 

Corporation as sole Receiver for Coastal 

Bank, Cocoa Beach, Florida, (OTS No. 

15445) on May 6, 2011. 

Dated: May 10, 2011. 

By the Office of Thrift Supervision. 

Sandra E. Evans, 

Federal Register Liaison. 

[FR Doc. 2011–11778 Filed 5–12–11; 8:45 am] 

BILLING CODE 6720–01–M 

mstockstill on DSKH9S0YB1PROD with NOTICES