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FDIC Federal Register Citations

[Federal Register: February 28, 2005 (Volume 70, Number 38)]
[Notices]
[Page 9649]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28fe05-71]

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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB
Review; 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 an information collection titled ``Flood
Insurance.''

DATES: Comments must be submitted on or before April 29, 2005.

ADDRESSES: Interested parties are invited to submit written comments to
Gary A. Kuiper, Counsel, (202) 942-3824, Legal Division, Federal
Deposit Insurance Corporation, 550 17th Street, NW., PA1730-3000,
Washington, DC 20429. All comments should refer to ``Flood Insurance.''
Comments may be hand-delivered to the guard station at the rear of the
550 17th Street Building (located on F Street), on business days
between 7 a.m. and 5 p.m. [FAX number (202) 898-3838; Internet address:
comments@fdic.gov]. Comments may be inspected and photocopied in the
FDIC Public Information Center, 801 17th Street, NW., Room 100,
Washington, DC between 9 a.m. and 4:30 p.m. on business days.
A copy of the comments may also be submitted to the OMB desk
officer for the FDIC: Mark Menchik, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper, at the address
identified above.

SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collection of
information:
Title: Flood Insurance.
OMB Number: 3064-0120.
Frequency of Response: On occasion.
Affected Public: Any depository institution that makes one or more
loans to be secured by a building located on property in a special
flood hazard area.
Estimated Number of Respondents/Recordkeepers: 5,272.
Estimated Number of Transactions: 180,000.
Estimated Reporting Hours: .05 hours x 180,000 = 9,000.
Estimated Recordkeeping Hours: 5,272 hours.
Estimated Total Annual Reporting and Recordkeeping Burden Hours:
5,272 + 9,000 = 14,272 hours.
General Description of Collection: Each supervised lending
institution is currently required to provide a notice of special flood
hazards to each borrower with a loan secured by a building or mobile
home located or to be located in an area identified by the Director of
the Federal Emergency Management Administration as being subject to
special flood hazards. The Riegle Community Development Act requires
that each institution must also provide a copy of the notice to the
servicer of the loan (if different from the originating lender).

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
this collection. All comments will become a matter of public record.

Dated at Washington, DC, this 22nd day of February, 2005.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 05-3770 Filed 2-25-05; 8:45 am]

BILLING CODE 6714-01-P




Last Updated 02/28/2005 Regs@fdic.gov