Federal Register / Vol. 60, No. 250 / Friday, December 29, 1995 / Notices 67391

1 5 U.S.C. 552.

2 60 FR 66866 (December 27, 1995).

movements, including data on financial

and commercial liabilities to, and

claims on, unaffiliated foreigners held

by nonbanking enterprises in the United

States. This information is necessary for

compiling the U.S. balance of payments

accounts, for calculating the U.S.

international investment position, and

for use in formulating U.S. international

financial and monetary policies.

Current Actions: No changes to

reporting requirements are proposed at

this time. Minor revisions to

instructions will aim to clarify current

reporting requirements, but will not

affect current paperwork burden.

Type of Review: Extension.

Affected Public: Business or other forprofit.

Estimated Number of Respondents:

500

Estimated Average Time per

Respondent: Four (4) hours per

respondent per filing.

Estimated Total Annual Burden

Hours: 8,000 hours, based on four

reporting periods per year.

REQUEST FOR COMMENTS: Comments

submitted in response to this notice will

be summarized and/or included in the

request for OMB approval. All

comments will become a matter of

public record. The public is invited to

submit written comments concerning:

whether Forms CQ–1 and CQ–2 are

necessary for the proper performance of

the functions of the Office, including

whether the information collected has

practical uses; the accuracy of the above

burden estimates; how to enhance the

quality, usefulness, and clarity of the

information to be collected; and how to

minimize the reporting and/or

recordkeeping burdens on respondents,

including the use of information

technologies to automate the collection

of the data.

T. Ashby McCown,

Director, Office of International Financial

Analysis.

[FR Doc. 95–31414 Filed 12–28–95; 8:45 am]

BILLING CODE 4810–25–M

Office of Thrift Supervision

[No. 95–202]

Organizational Structure for Senior

Management

AGENCY: Office of Thrift Supervision,

Treasury.

ACTION: Notice.

SUMMARY: Pursuant to the publication

requirements of section 552 of Title 5,

United States Code, the Office of Thrift

Supervision (OTS) is giving notice of its

new organizational structure for senior

management. In 1995, the Director of

the OTS implemented a senior level

reorganization by establishing five

offices reporting directly to him. These

offices are designated as: Research and

Analysis, Chief Counsel, Supervision,

Administration, and External Affairs.

FOR FURTHER INFORMATION CONTACT:

Evelyne Bonhomme, Counsel (Banking

and Finance), (202) 906–7052,

Regulations and Legislation Division,

Chief Counsel’s Office, Office of Thrift

Supervision, 1700 G Street, NW.,

Washington DC 20552.

SUPPLEMENTARY INFORMATION: Pursuant

to the publication requirements of the

Freedom of Information Act,1 the OTS is

giving notice of its new organizational

structure for senior management. The

final rule that replaced the OTS’s

general organization regulations with a

brief overview was published in the

Federal Register on Wednesday

December 27, 1995.2

The functions of the OTS’s senior

management are currently defined as

follows:

Director of OTS

The Director of the OTS directs and

carries out the mission of the OTS,

which is statutorily responsible for the

regulation and supervision of all savings

associations. The Director determines

policy for the OTS and makes final

decisions on regulations, policies, and

administrative adjudications governing

the industry as a whole and on

measures affecting individual

institutions. The Director ensures that

the OTS achieves its mission by

directing a program of on-site, riskfocused examinations; taking

appropriate supervisory and legal

actions against institutions and

individuals; and by resolving financially

nonviable institutions.

Executive Director for Supervision

The Executive Director for

Supervision provides expert personal

and confidential counsel to the Director

concerning policy decisions and

considerations involving the program

responsibilities for Supervision.

Specifically, the Executive Director (i)

oversees and directs the examination

and supervision of thrift institutions in

the five OTS regions to ensure the safety

and soundness of the industry, (ii)

ensures compliance with consumer

protection laws and regulations, (iii)

oversees the regional quality assurance

program to ensure consistent

applications of policies and procedures,

(iv) oversees, directs, and manages the

development of national policy

guidelines to enhance statutes and

regulations and the establishment of

programs to implement new policy and

law, (v) oversees, directs, and manages

applications processing, securities

filing, corporate secretary and corporate

systems program areas, (vi) serves as the

OTS regulatory appeals officer, and (vii)

represents the OTS’s Director in the

Director’s absence.

Executive Director for Research and

Analysis

The Executive Director for Research

and Analysis provides expert and

confidential advice to the Director

regarding the financial condition of the

thrift industry. The Executive Director

for Research and Analysis is responsible

for the direction and oversight of the

research and analysis functions of the

OTS. The Executive Director oversees

and directs the activities of four units:

Risk Management, Economic Analysis,

Industry Analysis, and Financial

Reporting, ensuring the coordination

and cooperation of the units to achieve

optimal operating efficiencies. The

Executive Director oversees the

preparation and review of various OTS

financial reports, including the

quarterly report on the financial

condition of the thrift industry, and the

preparation and review of OTS

regulations, bulletins, other policy

documents, congressional testimony

and official correspondence on matters

relating to the condition of the thrift

industry, interest rate risk, financial

derivatives, and economic issues.

Chief Counsel

The Chief Counsel provides expert

and confidential legal advice to the

Director. As the OTS’s chief legal

officer, the Chief Counsel directs,

manages, and oversees the legal

activities of the OTS including:

provision of legal services to the

Director, OTS and other OTS staff;

representation of OTS on pending

litigation and other matters; preparation

of the record for final OTS action in

accordance with legal requirements;

legal review of transactional

applications and notices; prosecution of

enforcement actions relating to thrift

institutions; provision of legal advice

and opinions on regulatory and

administrative matters; and drafting

support on regulatory projects, statutes

and congressional testimony.

Executive Director for Administration

The Executive Director for

Administration provides expert and

confidential advice to the Director of the
67392 Federal Register / Vol. 60, No. 250 / Friday, December 29, 1995 / Notices

OTS on the overall direction of the OTS,

including policy and administrative

functions, and serves as the Chief

Financial Officer and Senior IRM

Official. The Executive Director for

Administration directs the policy

development and operations of OTS’s

administrative, contracting and

procurement, training and human

resources, ADP and

telecommunications, financial

management and records/information

management programs. In addition, the

Executive Director is responsible for

overall guidance to the Washington

Headquarters and regional offices on a

full range of administrative and

management functions, providing

administrative support to the

Headquarters staff and coordinating a

program of decentralized support to the

five regional offices and quality

assurance evaluations of administrative

activities in the regional offices.

Executive Director for External Affairs

The Executive Director for External

Affairs reports to the Director of OTS,

and provides expert personal and

confidential counsel to the Director

concerning policy decisions and

considerations involving the program

responsibilities for External Affairs. The

Executive Director for External Affairs

directs, oversees, and formulates policy

concerning the OTS’s external affairs

activities including Congressional

Liaison, Press Relations, Interagency

Relations, and other external OTS

coordination and presentation.

Dated: December 21, 1995.

By the Office of Thrift Supervision.

Jonathan L. Fiechter,

Acting Director.

[FR Doc. 95–31465 Filed 12–28–95; 8:45 am]

BILLING CODE 6720–01–P