53024 Federal Register / Vol. 75, No. 167 / Monday, August 30, 2010 / Notices 

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: Sound Incentive 

Compensation Guidance. 

OMB Number: 1550–0129. 

Form Number: N/A. 

Description: The guidance is based on 

three key principles that are designed to 

ensure that incentive compensation 

arrangements at a financial institution 

do not encourage employees to take 

excessive risks. These principles 

provide that incentive compensation 

arrangements should: 

• Provide employees incentives that 

do not encourage excessive risk-taking 

beyond the organization’s ability to 

effectively identify and manage risk; 

• Be compatible with effective 

controls and risk management; and 

• Be supported by strong corporate 

governance, including active and 

effective oversight by the organization’s 

board of directors. 

These principles and the guidance are 

consistent with the Principles for Sound 

Compensation Practices adopted by the 

Financial Stability Board (FSB) in April 

2009, as well as the Implementation 

Standards for those principles issued by 

the FSB in September 2009. 

This guidance will promote the 

prompt improvement of incentive 

compensation practices in the banking 

industry by providing a common 

prudential foundation for incentive 

compensation arrangements across 

banking organizations and promoting 

the overall movement of the industry 

towards better practices. Supervisory 

action could play a critical role in 

addressing misaligned compensation 

incentives, especially where issues of 

competition may make it difficult for 

individual firms to act alone. Through 

their actions, supervisors could help to 

better align the interests of managers 

and other employees with organizations’ 

long-term health and reduce concerns 

that making prudent modifications to 

incentive compensation arrangements 

might have adverse competitive 

consequences. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 

757. 

Estimated Burden Hours per 

Responses: 40 hours. 

Estimated Frequency of Response: On 

occasion. 

Estimated Total Burden: 30,280 

hours. 

Dated: August 24, 2010. 

Ira L. Mills, 

Paperwork Clearance Officer, Office of Chief 

Counsel, Office of Thrift Supervision. 

[FR Doc. 2010–21490 Filed 8–27–10; 8:45 am] 

BILLING CODE 6720–01–P 

DEPARTMENT OF THE TREASURY 

United States Mint 

Change to ‘‘Procedures To Qualify for 

Bulk Purchase of Gold Bullion Coins’’ 

AGENCY: United States Mint, Department 

of the Treasury. 

ACTION: Notice. 

SUMMARY: The United States Mint has 

revised the requirements to become an 

Authorized Purchaser of American 

Eagle Gold Bullion Coins. The revised 

qualification requirements are 

documented in the revised ‘‘Procedures 

to Qualify for Bulk Purchase of Gold 

Bullion Coins.’’ (This document can be 

accessed at http://www.usmint.gov/ 

consumer/ 

index.cfm?action=AmericanEagles) 

These changes apply to new 

applications effective immediately. 

Significant modifications include 

clarifications to the ‘‘Purpose’’ section 

and ‘‘Marketing Support’’ section, and 

adjustments to the ‘‘Experienced MarketMaker in Gold Bullion Coins’’ section 

and ‘‘Tangible Net Worth’’ section. 

Changes to the accounting certification 

requirements and agreement terms and 

conditions are also incorporated. A new 

section has been added entitled ‘‘Right 

to Temporarily Refrain from the Review 

of New Applications,’’ during periods in 

which the allocation of a bullion 

product is required. Other minor 

changes have been made which provide 

further clarifications to various 

production descriptions and/or the gold 

bullion coin program in accordance 

with 31 U.S.C. 5112(a)(7–11) and (i). 

FOR FURTHER INFORMATION CONTACT: B. B. 

Craig, Associate Director for Sales and 

Marketing; United States Mint; 801 9th 

Street, NW.; Washington, DC 20220; or 

call 202–354–7500. 

Authority: 31 U.S.C. 5112(a)(7–11) and (i). 

Dated: August 20, 2010. 

Edmund C. Moy, 

Director, United States Mint. 

[FR Doc. 2010–21495 Filed 8–27–10; 8:45 am] 

BILLING CODE P 


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