FDIC Federal Register Citations

[Federal Register: January 15, 2003 (Volume 68, Number 10)]

[Notices]

[Page 2052-2053]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr15ja03-53]

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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

``Recordkeeping and Confirmation Requirements for Securities

Transactions.''

DATES: Comments must be submitted on or before March 11, 2003.

ADDRESSES: Interested parties are invited to submit written comments to

Tamara R. Manly, Management Analyst (Consumer and Compliance Unit),

(202) 898-7453, Legal Division, Room MB-3109, Attention: Comments/

Legal, Federal Deposit Insurance Corporation, 550 17th Street NW.,

Washington, DC 20429. All comments should refer to ``Recordkeeping and

Confirmation Requirements for Securities Transactions.'' 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 a.m. and 5

p.m. (Internet address: comments@FDIC.gov). Comments may also be

submitted to the OMB desk officer for the FDIC: Joseph F. Lackey, Jr.,

Office of Information and Regulatory Affairs, Office of Management and

Budget, New Executive Office Building, Room 10236, Washington, DC

20503.

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

identified above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently

approved collection of information:

Title: Recordkeeping and Confirmation Requirements for Securities

Transactions.

[[Page 2053]]

OMB Number: 3064-0028.

Frequency of Response: On occasion.

Affected Public: All financial institutions.

Estimated Number of Respondents: 4,732.

Average annual burden hours per Respondent: 27.91.

Estimated Total Annual Burden: 132,070 hours.

General Description of Collection: The information collection

requirements are contained in 12 CFR 344. The regulation's purpose is

to ensure that purchasers of securities in transactions effected by

insured state nonmember banks are provided with adequate information

concerning the transactions. The regulation is also designed to ensure

that insured state nonmember banks maintain adequate records and

controls with respect to the securities transactions they effect.

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 10th day of January, 2003.

Federal Deposit Insurance Corporation.

Valerie Best,

Assistant Executive Secretary.

[FR Doc. 03-867 Filed 1-14-03; 8:45 am]

BILLING CODE 6714-01-M