Proposed Collection; Comment Request

DEPARTMENT OF THE TREASURY

Proposed Collection; Comment Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comments.

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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 proposed and/or

continuing information collections, as required by the Paperwork

Reduction Act of 1995. Currently, the OCC is soliciting comments

concerning an information collection titled Investment Securities (12

CFR part 1).

DATES: Written comments should be submitted by May 6, 1997.

ADDRESSES: Direct all written comments to the Communications Division,

Attention: 1557-0205, Third Floor, Office of the Comptroller of the

Currency, 250 E Street, SW., Washington, DC 20219. In addition,

comments may be sent by facsimile transmission to (202) 874-5274, or by

electronic mail to [email protected]

FOR FURTHER INFORMATION CONTACT: Requests for additional information or

copies of the collection may be obtained by contacting John Ference or

Jessie Gates, (202) 874-5090, Legislative and Regulatory Activities

Division (1557-0106), Office of the Comptroller of the Currency, 250 E

Street, SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION:

Title: (MA)--Investment Securities (12 CFR 1).

OMB Number: 1557-0205.

Form Number: None.

Abstract: National banks need these information collections to

ensure that they invest in entities that are exempt from registration

as an investment company. They also use these information collections

to ensure that banks do not hold securities for time periods that would

be unsafe and unsound. The OCC uses this information to ensure

compliance with Federal laws and regulations.

Type of Review: Renewal of OMB approval.

Affected Public: Businesses or other for-profit.

Number of Respondents: 25.

Total Annual Responses: 25.

Frequency of Response: Occasional.

Total Annual Burden Hours: 460.

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. Comments are 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; and

(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.

(e) Estimates of capital of startup costs and costs of operations,

maintenance, and purchase of services to provide information.

Dated: March 3, 1997.

Karen Solomon,

Director, Legislative & Regulatory Activities Division.

[FR Doc. 97-5742 Filed 3-6-97; 8:45 am]

BILLING CODE 4810-33-P