Federal Deposit
Insurance Corporation

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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 an information collection titled
``Purchaser Eligibility Certification.''

DATES: Comments must be submitted on or before November 29, 1999.

ADDRESSES: Interested parties are invited to submit written comments to
Steven F. Hanft, Assistant Executive Secretary (Regulatory Analysis),
(202) 898-3907, Office of the Executive Secretary, Room 4062,
Attention: Comments/OES, Federal Deposit Insurance Corporation, 550
17th Street N.W., Washington, D.C. 20429. All comments should refer to
``Purchaser Eligibility Certification.'' 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, D.C. 20503.

FOR FURTHER INFORMATION CONTACT: Steven F. Hanft, at the address
identified above.

SUPPLEMENTARY INFORMATION:
Title: Purchaser Eligibility Certification.

[[Page 52314]]

Affected Public: Potential purchasers of assets of failed financial
institutions sold by the FDIC.
Estimated Number of Respondents (annual): 1800.
Frequency of Response: Occasional.
Estimated Number of responses (annual): 2500.
Estimated Time per Response: 30 minutes.
Estimated Total Annual Burden: 1250 hours.
General Description of Collection: A potential purchaser of assets
from failed financial institutions would certify that it is not subject
to a restriction on the purchase of the assets, such as those contained
in proposed rule 12 CFR part 340, Restrictions on the Purchase of
Assets from the Federal Deposit Insurance Corporation, 64 FR 51084
(September 21, 1999) or other, related FDIC rules and policies.

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 request to OMB for approval of
this collection. All comments will become a matter of public record.

Dated at Washington, D.C., this 22nd day of September, 1999.