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FDIC Federal Register Citations

[Federal Register: May 24, 2005 (Volume 70, Number 99)]
[Notices]              
[Page 29745-29746]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr24my05-56]                        

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FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Proposed Collection
Renewals (0022; 0027; 0029; 0061); 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) Uniform Application/Uniform Termination for Municipal
Securities Principal or Representative; (2) Request for Deregistration
for Registered Transfer Agents; (3) Notification of Performance of Bank
Services; and (4) Summary of Deposits.

DATES: Comments must be submitted on or before July 25, 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 (1) Uniform Application/Uniform
Termination for Municipal Securities Principal or Representative; (2)
Request for Deregistration for Registered Transfer Agents; (3)
Notification of Performance of Bank Services; or (4) Summary of
Deposits. 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; e-mail
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 collections of
information:

    1. Title: Uniform Application/Uniform Termination for Municipal
Securities Principal or Representative.
    OMB Number: 3064-0022.
    Form Number: MSD-4; MSD-5.
    Frequency of Response: On occasion.
    Affected Public: Business or other financial institutions.
    Estimated Number of Respondents: 75.
    Estimated Time per Response: 1 hour.
    Total Annual Burden: 75 hours.
    General Description of Collection: An insured state nonmember bank
which serves as a municipal securities dealer must file Form MSD-4 or
MSD-5, as applicable, to permit an employee to become associated or to
terminate the association with the municipal securities dealer. FDIC
uses the form to ensure compliance with the professional requirements
for municipal securities dealers in accordance with the rules of the
Municipal Securities Rulemaking Board.

    2. Title: Request for Deregistration for Registered Transfer
Agents.
    OMB Number: 3064-0027.
    Frequency of Response: On occasion.
    Affected Public: Business or other financial institutions.
    Estimated Number of Respondents: 15.
    Estimated Time per Response: 42 hours.
    Total Annual Burden: 6.3 hours.
    General Description of Collection: An insured nonmember bank or a
subsidiary of such a bank that functions as a transfer agent may
withdraw from registration as a transfer agent by filing a written
notice of withdrawal with the FDIC as provided by 12 CFR 341.5.

    3. Title: Notification of Performance of Bank Services.
    OMB Number: 3064-0029.
    Form Number: FDIC 6120/06.
    Frequency of Response: On occasion.
    Affected Public: Business or other financial institutions.
    Estimated Number of Respondents: 412.
    Estimated Time per Response: 1/2 hour.
    Total Annual Burden: 206 hours.
    General Description of Collection: Insured state nonmember banks
are required to notify the FDIC, under section 7 of the Bank Service
Corporation Act (12 U.S.C. 1867), of the relationship with a bank
service corporation. Form FDIC 6120/06 (Notification of Performance of
Bank Services) may be used by banks to satisfy the notification
requirement.

    4. Title: Summary of Deposits.
    OMB Number: 3064-0061.
    Frequency of Response: Annually.
    Affected Public: All insured financial institutions.
    Estimated Number of Respondents: 6,000.
    Average Estimated Time per Response: 3 hours.

[[Page 29746]]

    Total Annual Burden: 18,000 hours.
    General Description of Collection: The Summary of Deposits annual
survey obtains data about the amount of deposits held at each office of
all insured banks with branches in the United States. The survey data
provides a basis for measuring the competitive impact of bank mergers
and has additional use in banking research.

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, DC, this 19th day of May, 2005.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 05-10349 Filed 5-24-05; 8:45 am]

BILLING CODE 6714-01-P

 

Last Updated 05/25/2005 Regs@fdic.gov