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[Federal Register: August 18, 2000 (Volume 65, Number 161)]
[Notices]
[Page 50531-50532]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr18au00-59]

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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection;
Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, 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 (44 U.S.C. chapter 35). Currently, the FDIC is
soliciting comments concerning the following collections of information
titled: (1) Application for a Bank to Establish a Branch or Move Its
Main Office or Branch; (2) Application for Consent to Reduce or Retire
Capital; (3) Activities and Investments of Savings Associations, and
(4) Application for Consent to Exercise Trust Powers.

DATES: Comments must be submitted on or before October 17, 2000.

ADDRESSES: Interested parties are invited to submit written comments to
Tamara R. Manly, Management Analyst (Regulatory Analysis), (202) 898-
7453, Office of the Executive Secretary, Room F-4058, Attention:
Comments/OES, Federal Deposit Insurance Corporation, 550 17th Street
NW., Washington, DC 20429. All comments should refer to the OMB control
number. Comments may be hand-delivered to the guard station at the rear
of the 17th Street Building (located on F Street), on business days
between 7:00 a.m. and 5:00 p.m. [FAX number (202) 898-3838; Internet
address: comments @ fdic.gov].
A copy of the comments may also be submitted to the OMB desk
officer for the FDIC: Alexander Hunt, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Tamara R. Manly, at the address
identified above.

SUPPLEMENTARY INFORMATION:

Proposal To Renew the Following Currently Approved Collections of
Information

1. Title: Application for a Bank to Establish a Branch or Move Its
Main Office or Branch.
OMB Number: 3064-0070.
Frequency of Response: On occasion.

[[Page 50532]]

Affected Public: Insured state nonmember banks.
Estimated Number of Respondents: 1,650.
Estimated Time per Response: 5 hours.
Total Annual Burden: 8,250 hours.
General Description of Collection: Section 18(d) of the Federal
Deposit Insurance Act (12 USC 1828(d)) provides that no state nonmember
insured bank shall establish and operate any new domestic branch or
move its main office or any such branch from one location to another
without the prior written consent of the FDIC.

2. Title: Application for Consent to Reduce or Retire Capital.
OMB Number: 3064-0079.
Frequency of Response: On occasion.
Affected Public: Insured state nonmember banks.
Estimated Number of Respondents: 100.
Estimated Time per Response: 1 hour.
Total Annual Burden: 100 hours.
General Description of Collection: This collection requires insured
state nonmember banks that propose to change their capital structure to
submit an application containing information about the proposed change
in order to obtain FDIC's consent to reduce or retire capital. The FDIC
evaluates the information contained in the letter application in
relation to statutory considerations and makes a decision to grant or
to withhold consent.

3. Title: Activities and Investments of Savings Associations.
OMB Number: 3064-0104.
Frequency of Response: On occasion.
Affected Public: Savings associations.
Estimated Number of Respondents: 20.
Estimated Time per Response: 5 hours.
Total Annual Burden: 100 hours.
General Description of Collection: The collection of information
identifies the information that state savings associations and/or their
subsidiaries must submit to obtain the FDIC's approval or objection to
engage in certain activities.

4. Title: Application for Consent to Exercise Trust Powers.
OMB Number: 3064-0025.
Form Number: 6200/09.
Frequency of Response: On occasion.
Affected Public: All financial institutions.
Estimated Number of Respondents: 43.
Estimated Time per Response: 35 applications--8 hours; 8
applications--24 hours.
Total Annual burden: 472 hours.
General Description of Collection: Insured state nonmember banks
submit applications to FDIC for consent to exercise trust powers.
Applications are evaluated by FDIC to verify qualifications of bank
management to administer a trust department and to ensure that bank's
financial condition will not be jeopardized as a result of trust
operations.

Request for Comment

Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collection,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the information
collection on respondents, including through the use of automated
collection techniques or other forms of information technology.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the
collection should be modified prior to submission to OMB for review and
approval. Comments submitted in response to this notice also will be
summarized or included in the FDIC's requests to OMB for renewal of
these collections. All comments will become a matter of public record.

Dated at Washington, D.C., this 11th day of August, 2000.
Federal Deposit Insurance Corporation.
James D. LaPierre,
Deputy Executive Secretary.
[FR Doc. 00-21001 Filed 8-17-00; 8:45 am]
BILLING CODE 6714-01-U

Last Updated 08/29/2000 regs@fdic.gov