Notice of Hiring or Indemnifying Senior Executive Officers or Directors

ICR 201103-1550-001

OMB: 1550-0047

Federal Form Document

IC Document Collections
ICR Details
1550-0047 201103-1550-001
Historical Active 200801-1550-002
TREAS/OTS
Notice of Hiring or Indemnifying Senior Executive Officers or Directors
Extension without change of a currently approved collection   No
Regular
Approved without change 04/27/2011
Retrieve Notice of Action (NOA) 03/08/2011
  Inventory as of this Action Requested Previously Approved
04/30/2014 36 Months From Approved 04/30/2011
120 0 100
280 0 233
0 0 0

Congress requires agency notification and approval for new senior executive officers and directors of financial institutions. The Interagency Notice of Change in Director or Senior Executive Officer and the Interagency Biographical and Financial Report are used to evaluate the competence, experience, and integrity of individuals considered for directorships and senior executive positions. Form 1606 is an Applicant Certification as to lack of criminal background.

None
None

Not associated with rulemaking

  75 FR 80896 12/23/2010
76 FR 12418 03/07/2010
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 120 100 0 0 20 0
Annual Time Burden (Hours) 280 233 0 0 47 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
OTS is citing an increase in the burden due to an increase in the number of respondents. 12 U.S.C. 1831i requires OTS to make a determination as to the hiring or appointment of senior executive officers or directors at savings institutions or thrift holding companies. The OTS's determination must be based upon an evaluation of the individual's competence, experience, character, and integrity. The information required by the collection is necessary to make this determination. Without this information, the OTS cannot accomplish the statutory requirement designed to protect the interests of the Deposit Insurance Fund.

$0
No
No
No
No
No
Uncollected
Patricia Goings 2029065668 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
03/08/2011


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