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FDIC Federal Register Citations

[Federal Register: November 5, 2003 (Volume 68, Number 214)]
[Notices]               
[Page 62594-62595]
[DOCID:fr05no03-79]                         

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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 comment on three continuing information 
collections, as required by the Paperwork Reduction Act of 1995 (44 
U.S.C. chapter 35). The collections

[[Page 62595]]

are 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; and (3) Activities and Investments of Savings 
Associations.

DATES: Comments must be submitted on or before January 5, 2004.

ADDRESSES: Interested parties are invited to submit written comments to 
Steve Hanft, Paperwork Clearance Officer, (202) 898-3907, Legal 
Division, Room MB-3046, 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 

    A copy of the comments may also be submitted to the OMB desk 
officer for the FDIC: Joseph Lackey, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10236, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Steve Hanft, 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.
    Affected Public: Insured financial institutions.
    Estimated Number of Respondents: 1,540.
    Estimated Time per Response: 5 hours.
    Total Annual Burden: 7,700 hours.
    General Description of Collection: Insured State nonmember banks 
are required by law to obtain the FDIC's prior written consent before 
they can establish and operate any new domestic branch or move their 
main office or any branch from one location to another.

    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: 80.
    Estimated Time per Response: 1 hour.
    Total Annual Burden: 80 hours.
    General Description of Collection: Insured state nonmember banks 
that propose to change their capital structure must apply for and 
obtain FDIC's consent to reduce or retire capital.

    3. Title: Activities and Investments of Savings Associations.
    OMB Number: 3064-0104.
    Frequency of Response: On occasion.
    Affected Public: Insured savings associations.
    Estimated Number of Responses: 75.
    Estimated Time per Response: 5 hours.
    Total Annual Burden: 375 hours.
    General Description of Collection: This collection of information 
is an application submitted by savings associations to the FDIC as part 
of the process of obtaining exceptions to the restrictions on the 
powers of savings associations. The restrictions reduce the risk of 
loss to the deposit insurance funds and eliminate some differences 
between the powers of state associations and those of federal 
associations.

Request for Comment

    Comments are invited on: (a) Whether these collections of 
information are 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 
collections, 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 collections 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 
collections 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, DC this 30th day of October, 2003.

Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 03-27786 Filed 11-4-03; 8:45 am]
BILLING CODE 6714-01-P



Last Updated 11/12/2003 regs@fdic.gov