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.
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.
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.