FDIC Federal Register Citations

[Federal Register: March 4, 2003 (Volume 68, Number 42)]

[Notices]

[Page 10310-10314]

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

[DOCID:fr04mr03-138]

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Submission for OMB

Review; Comment Request

AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury;

Board of Governors of the Federal Reserve System (Board); and Federal

Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collection to be submitted to OMB for

review and approval under the Paperwork Reduction Act of 1995.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction

Act of 1995 (44 U.S.C. chapter 35), the OCC, the Board, and the FDIC

(the ``agencies'') may not conduct or sponsor, and the respondent is

not required to respond to, an information collection unless it

displays a currently valid Office of Management and Budget (OMB)

control number. On November 8, 2002, the agencies requested public

comment for 60 days on proposed revisions to the Consolidated Reports

of Condition and Income (Call Report), which are currently approved

collections of information. After considering the comments the agencies

received, the Federal Financial Institutions Examination Council

(FFIEC), of which the agencies are members, adopted some of the

proposed revisions after making certain modifications to them. The

FFIEC and the agencies are continuing to evaluate the other proposed

revisions from the November proposal. In addition, on July 12, 2002,

the agencies requested public comment for 60 days on a separate

proposed revision to the Call Report related to the collection of data

on subprime consumer lending programs, which the FFIEC and the agencies

have decided not to implement.

DATES: Comments must be submitted on or before April 3, 2003.

ADDRESSES: Interested parties are invited to submit written comments to

any or all of the agencies. All comments, which should refer to the OMB

control number(s), will be shared among the agencies.

OCC: Comments should be sent to the Public Information Room, Office

of the Comptroller of the Currency, Mailstop 1-5, Attention: 1557-0081,

250 E Street, SW., Washington, DC 20219. Due to delays in paper mail

delivery in the Washington area, commenters are encouraged to submit

comments by fax or e-mail. Comments may be sent by fax to (202) 874-

4448, or by e-mail to regs.comments@occ.treas.gov. You can inspect and

photocopy the comments at the OCC's Public Information Room, 250 E

Street, SW., Washington, DC 20219. You can make an appointment to

inspect the comments by calling (202) 874-5043.

Board: Written comments, which should refer to ``Consolidated

Reports of Condition and Income, 7100-0036,'' may be mailed to Ms.

Jennifer J. Johnson, Secretary, Board of Governors of the Federal

Reserve System, 20th and C Streets, NW., Washington, DC 20551. Due to

temporary disruptions in the Board's mail service, commenters are

encouraged to submit comments by electronic mail to

regs.comments@federalreserve.gov, or by fax to the Office of the

Secretary at 202-452-3819 or 202-452-3102. Comments addressed to Ms.

Johnson also may be delivered to the Board's mailroom between 8:45 a.m.

and 5:15 p.m. weekdays, and to the security control room outside of

those hours. Both the mailroom and the security control room are

accessible from the Eccles Building courtyard entrance on 20th Street

between Constitution Avenue and C Street, NW. Comments received may be

inspected in room M-P-500 between 9 a.m. and 5 p.m. on weekdays

pursuant to sections 261.12 and 261.14 of the Board's Rules Regarding

Availability of Information, 12 CFR 261.12 and 261.14.

FDIC: Written comments should be addressed to Robert E. Feldman,

Executive Secretary, Attention: Comments/Legal, Federal Deposit

Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. All

comments should refer to ``Consolidated Reports of Condition and

Income, 3064-0052.'' Commenters are encouraged to submit comments by

fax or electronic mail [Fax number: (202) 898-3838; Internet address:

comments@fdic.gov]. Comments also 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. Comments may be

inspected and photocopied in the FDIC Public Information Center, Room

100, 801 17th Street, NW., 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 agencies: Joseph F. Lackey, Jr., Office of Information

and Regulatory Affairs, Office of Management and Budget, New Executive

Office Building, Room 10235, Washington, DC 20503 or electronic mail to

jlackeyj@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: Sample copies of the revised Call

Report forms for March 31, 2003, can be obtained at the FFIEC's Web

site (http://www.ffiec.gov). Sample copies of the revised Call Report

site (http://www.ffiec.gov). Sample copies of the revised Call Report

forms also may be requested from any of the agency clearance officers

whose names appear below.

OCC: Jessie Dunaway, OCC Clearance Officer, or Camille Dixon, (202)

874-5090, Legislative and Regulatory Activities Division, Office of the

Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.

Board: Cynthia M. Ayouch, Board Clearance Officer, (202) 452-3829,

Division of Research and Statistics, Board of Governors of the Federal

Reserve System, 20th and C Streets, NW., Washington, DC 20551.

Telecommunications Device for the Deaf (TDD) users may call (202) 263-

4869.

FDIC: Tamara R. Manly, Management Analyst, (202) 898-7453, Legal

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

Washington, DC 20429.

SUPPLEMENTARY INFORMATION: Request for OMB approval to extend, with

revision, the following currently approved collections of information:

Report Title: Consolidated Reports of Condition and Income.

Form Number: FFIEC 031 (for banks with domestic and foreign

offices) and FFIEC 041 (for banks with domestic offices only).

Frequency of Response: Quarterly.

Affected Public: Business or other for-profit.

For OCC:

OMB Number: 1557-0081.

Estimated Number of Respondents: 2,200 national banks.

Estimated Time per Response: 42.20 burden hours.

Estimated Total Annual Burden: 371,360 burden hours.

For Board:

OMB Number: 7100-0036.

Estimated Number of Respondents: 978 state member banks.

Estimated Time per Response: 48.25 burden hours.

Estimated Total Annual Burden: 188,754 burden hours.

For FDIC:

[[Page 10311]]

OMB Number: 3064-0052.

Estimated Number of Respondents: 5,354 insured state nonmember

banks.

Estimated Time per Response: 32.85 burden hours.

Estimated Total Annual Burden: 703,411 burden hours.

The estimated time per response for the Call Report is an average,

which varies by agency because of differences in the composition of the

banks under each agency's supervision (e.g., size distribution of

institutions, types of activities in which they are engaged, and number

of banks with foreign offices). For the Call Report as it would be

revised, the time per response for a bank is estimated to range from 15

to 550 hours, depending on individual circumstances.

General Description of Report

These information collections are mandatory: 12 U.S.C. 161 (for

national banks), 12 U.S.C. 324 (for state member banks), and 12 U.S.C.

1817 (for insured state nonmember commercial and savings banks, and for

all banks for deposit information). Except for selected items, these

information collections are not given confidential treatment. Small

businesses (i.e., small banks) are affected.

Abstract

Banks file Call Reports with the agencies each quarter for the

agencies' use in monitoring the condition, performance, and risk

profile of reporting banks and the industry as a whole. In addition,

Call Reports provide the most current statistical data available for

evaluating bank corporate applications such as mergers, for identifying

areas of focus for both on-site and off-site examinations, and for

monetary and other public policy purposes. Call Reports are also used

to calculate all banks' deposit insurance and Financing Corporation

assessments and national banks' semiannual assessment fees.

Current Actions

On November 8, 2002, the OCC, the Board, and the FDIC jointly

published a notice soliciting comments for 60 days on proposed

revisions to the Call Report (67 FR 68229). The agencies' notice

addressed a number of different types of changes to the Call Report

requirements. These changes related to the content of the Call Report

itself, the submission deadline for certain banks, and the agencies'

process for validating and releasing the data that banks report. First,

the agencies proposed several revisions to the content of the Call

Report and one instructional clarification. These revisions focus on

improving the information reported by banks that engage in certain

specific activities and generally will be applicable to small

percentages of banks rather than to most or all banks. This first group

of proposed revisions, which were proposed to take effect as of March

31, 2003, include:

[sbull] Adding five items dealing with accrued fees and finance

charges on credit card accounts, allowances for uncollectible accrued

fees and finance charges, and charge-offs of such accrued amounts,

which would be reported by banks with a significant volume of credit

card activity;

[sbull] Splitting the item in the securitization schedule (Schedule

RC-S) for seller-provided credit enhancements to the bank's

securitization structures (other than credit-enhancing interest-only

strips) into separate items, one for on-balance sheet assets and

another for other enhancements;

[sbull] Separating the current income statement (Schedule RI) item

for income from insurance activities into two items, one for insurance

underwriting income and the other for income from other insurance

activities;

[sbull] Adding a yes/no question asking whether any of the bank's

Internet Web sites has transactional capability, i.e., allows the

bank's customers to execute transactions on their accounts;

[sbull] Extending to banks with less than $100 million in assets

the requirement to disclose the fair values of derivative contracts in

Schedule RC-L--Derivative and Off-Balance Sheet Items, because current

accounting standards require derivatives to be reported on the balance

at fair value;

[sbull] Changing where banks report any provisions for allocated

transfer risk in the income statement (Schedule RI);

[sbull] Clarifying the instructions for the reporting of certain

loans;

[sbull] Clarifying that, for the Memorandum items on the number and

amount of deposit accounts by size of account in the insurance

assessments schedule (Schedule RC-O), the dollar amount for the size of

an account represents the deposit insurance limit in effect on the

report date; and

[sbull] Creating a supplement to the Call Report that would enable

the agencies to collect a limited amount of data from certain banks in

the event of an immediate and critical need for specific information.

Second, the agencies proposed to reduce the Call Report filing

period for banks with more than one foreign office from 45 to 30 days

effective June 30, 2003. In connection with this change, the FDIC would

be authorized to contact not more than 20 of these banks around May 1,

2003, if their March 31 reports have not yet been received in order to

obtain certain deposit data needed to estimate insured deposits.

Third, to improve the timeliness with which Call Report data become

available to the public, the agencies would begin posting the reports

for individual banks on the FDIC's Web site as soon as the agencies'

analysis of an individual report has been completed. The agencies

stated that this change would begin as early as with the first quarter

2003 reports.

Finally, in conjunction with the planned implementation of a new

business model for collecting and validating Call Reports in 2004, the

agencies proposed that a bank's Call Report must pass all validity

edits and must include an explanatory comment addressing each quality

edit exception identified in the bank's report in order for the

agencies to accept the bank's Call Report submission.

After considering the comments the agencies received, the FFIEC and

the agencies decided to modify the proposed changes relating to

allocated transfer risk and the instructional clarification addressing

loans held for trading. Some additional insurance-related instructional

clarifications also will be made. Except as noted in the following

sentence, the FFIEC and the agencies are proceeding with all of the

other proposed revisions. In this regard, the FFIEC and the agencies

are continuing to evaluate three elements of their November 2002

proposal: the creation of a supplement to the Call Report that would

enable the agencies to collect a limited amount of data from certain

banks to meet an immediate and critical need for specific information,

the reduction from 45 to 30 days in the Call Report filing period for

banks with more than one foreign office, and the establishment of edit

criteria that would have to be met in order for a bank's Call Report to

be accepted. If and when the agencies decide to proceed with one or

more of these three proposals, one or more separate Federal Register

notices would then be published and submissions to OMB would then be

made.

With respect to the Call Report filing period for banks with

multiple foreign offices, the agencies' proposal had called for the

shortening of this period from 45 to 30 days to take effect with the

reports for June 30, 2003. The agencies note that the Board proposed on

December 24, 2002, to reduce the filing period for the FR Y-9C report

filed by certain bank holding companies from 45 to 35 days effective

June 30,

[[Page 10312]]

2004 (67 FR 78467). The comment period for the Board's proposal ended

on February 24, 2003. Because the filing period part of the Call Report

proposal remains under study, the agencies are deferring the date when

any shortening of the filing period would take effect until a report

date after June 30, 2003. However, as long as the current 45-day filing

period remains in effect, the FDIC would be authorized to contact not

more than 20 banks with one or more foreign offices on or about each

May 1 and November 1 if their March 31 and September 30 Call Reports

have not been received in order to obtain certain deposit data needed

to estimate insured deposits.

In addition, in November 2002, the American Institute of Certified

Public Accountants disclosed that it was rescinding its Statement of

Position (SOP) No. 92-3, Accounting for Foreclosed Assets, because of

the issuance by the Financial Accounting Standards Board of Statement

No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets

(FAS 144). Under SOP 92-3, it is rebuttably presumed that foreclosed

assets are held for sale. After foreclosure, foreclosed assets held for

sale are carried at the lower of fair value less estimated costs to

sell or cost, with any deficiency recognized as a valuation allowance,

and this determination is made on an individual asset basis. These

provisions of SOP 92-3 are not present in FAS 144, but the application

of these provisions represents prevalent practice in the banking

industry and is consistent with safe and sound banking practices and

the accounting objectives set forth in section 37(a) of the Federal

Deposit Insurance Act (12 U.S.C. 1831n(a)). Accordingly, the agencies

are retaining these provisions of SOP 92-3 as part of the Call Report

instructions and will expect banks to continue to follow these

provisions when accounting for foreclosed real estate.

In order to carry out the provisions of section 314(a) of the USA

PATRIOT Act of 2001, ``Cooperative efforts to deter money laundering,''

the agencies will collect contact information for the persons who are

in charge of each bank's section 314(a) anti-money laundering searches

and who could be contacted by federal law enforcement officers for

additional information related to anti-terrorist financing and anti-

money laundering. This USA PATRIOT Act contact information, which the

agencies will begin to collect with the March 31, 2003, Call Reports,

is for the confidential use of the agencies and will not be released to

the public.

Finally, on July 12, 2002, the agencies jointly published a notice

soliciting comments for 60 days on a proposed new Call Report schedule

that would collect data on subprime consumer lending programs beginning

March 31, 2003 (67 FR 46250). After the comments received on the

proposal from 36 banking organizations, bankers' associations, and

community and consumer groups, the FFIEC and the agencies decided not

to proceed with the proposal.

Type of Review: Revisions of currently approved collections.

Comments Received on the Agencies' Proposal

In response to their November 8, 2002, notice, the agencies

received 13 comment letters, eight from banks and banking

organizations, three from bankers' associations, one from a

governmental entity, and one from a trade group outside the banking

industry. The FFIEC and the agencies have considered the comments

received from these 13 respondents.

Accrued Fees and Finance Charges on Credit Card Accounts

Three commenters addressed the proposed new items that would

provide data related to accrued fees and finance charges on credit card

accounts. Two of these three responded to the agencies' question asking

whether these new items should be added to four different Call Report

schedules, as had been proposed, or instead placed together in a single

separate schedule. Both of these commenters preferred keeping the new

items in the four different schedules, which the agencies will continue

to do. The other commenter noted that the banks with which it had

discussed this proposal stated that they would need until the second

quarter 2003 report to complete the systems changes necessary to

provide the new information and, therefore, would report good faith

estimates in the first quarter 2003 report. As stated in the agencies'

proposal, banks will be permitted to provide reasonable estimates for

any new item in the first quarter 2003 report, including the new items

related to credit card fees and finance charges. This commenter also

recommended that the new items permit banks to net ``nonprincipal''

recoveries from the ``nonprincipal'' balances charged off within the

quarter. Because the new items are intended to provide the agencies and

other Call Report users with more complete information on credit card

fees and finance charges that are written off as uncollectible, the

agencies decided not to adopt the suggested netting option.

Income from Insurance Activities

One commenter submitted an extensive number of recommendations

concerning the reporting of income from insurance activities and other

matters relating to the insurance activities of banking organizations.

In this regard, the commenter favored the agencies' proposal to

separate the current Call Report income statement item for income from

insurance activities into separate items for insurance underwriting

income and income from other insurance activities. This commenter also

questioned the agencies' instructional language pertaining to

underwriting income, noting that it calls for reporting of premium

revenue partially on the basis of generally accepted accounting

principles (GAAP) and partially on a statutory reporting basis. The

agencies' intent has been for premium revenue to be reported in

accordance with GAAP. Therefore, the agencies are revising this

instructional language.

In addition, the commenter provided other instructional

suggestions. These included providing more explicit detail in the

instructions concerning items to be included in and excluded from the

two separate insurance income items and having the instructions for

other assets and other liabilities specifically refer to certain

insurance-related assets and liabilities. The agencies are

incorporating several of these suggested details into the Call Report

instructions.

Allocated Transfer Risk Reserves

The agencies proposed to change where banks report any provisions

for allocated transfer risk in the Call Report income statement. As

proposed, these provisions would be included in the provision for loan

and lease losses rather than in other noninterest expense, with the

amount of any provision for allocated transfer risk included in the

provision for loan and lease losses separately disclosed. One commenter

supported this change in income statement presentation as being more

consistent with GAAP, but recommended that the agencies also change the

way in which banks report allocated transfer risk reserves (ATRRs) on

the Call Report balance sheet so that they are also presented in the

same manner as on institutions' financial statements prepared in

accordance with GAAP.

The agencies agreed with this recommendation and are revising the

Call Report instructions to instruct banks to include any ATRRs related

to

[[Page 10313]]

loans and leases in the allowance for loan and lease losses. In making

this change, the proposed requirement for banks to disclose the amount

of provision for allocated transfer risk included in the provision for

loan and lease losses would be replaced with a disclosure of the amount

of ATRR related to loans included in the allowance for loan and lease

losses. The reporting of loan charge-offs and recoveries and the

reconcilement of the loan loss allowance in Call Report Schedule RI-B

would also be conformed to this revised balance sheet and income

statement presentation method for ATRRs.

Instructional Clarification for the Reporting of Certain Loans

Because of questions concerning the categorization of certain loans

as trading assets, the agencies proposed to revise the Glossary entry

for ``Trading Account'' and establish a rebuttable presumption that

loans should not be reported as trading assets. The instructions would

have explained that, in order to overcome this presumption for a

particular loan, a bank must demonstrate, from the pattern and practice

of its activity, that it is acquiring the loan principally for the

purpose of selling it in the near term with the objective of generating

profits on short-term differences in price. The instructions also would

have identified two situations where loans should not be reported as

trading assets.

Two commenters addressed this proposed instructional change. One

recommended that the agencies avoid creating a ``rebuttable

presumption'' that does not exist in the accounting literature. The

other also noted certain difficulties with this presumption. These

commenters believe that it is appropriate to classify loans as trading

assets under GAAP when they have been acquired as part of a trading

activity, trading business, or trading strategy. Reference was also

made to the accounting literature for the broker-dealer industry

because a broker-dealer's activities are similar to loan trading

operations. In addition, one commenter agreed with the proposed

instructional language stating that loans originated and held for

securitization purposes should be reported as held for sale, but

disagreed with the inclusion of loans acquired from third parties and

held for securitization in the held-for-sale category.

In considering these two commenters' views, the agencies note that

their primary purpose in proposing this instructional revision was to

identify situations in which loans for which a trading designation had

been assigned should have been reported as held for sale or held for

investment, based on facts and circumstances. As a result, the agencies

conclude that it would be more appropriate to describe these situations

in the General Instructions section of the Call Report loan schedule

(Schedule RC-C, part I), which collects data on both loans held for

sale and loans held for investment, rather than in the ``Trading

Account'' Glossary entry. In so doing, the agencies have removed the

rebuttable presumption language from the revision they are making to

the loan schedule's General Instructions.

Furthermore, the agencies have retained the instructional language

that explains that loans acquired, i.e., originated or purchased, and

held for securitization purposes should be reported as loans held for

sale. The agencies believe that, under GAAP, the purchase and

origination of loans for sale to permanent investors, which is a result

of the securitization process, should be accounted for in the same

manner, i.e. as loans held for sale. In this regard, FASB Statement No.

65, Accounting for Certain Mortgage Banking Activities, states that

``[m]ortgage loans are acquired for sale to permanent investors from a

variety of sources, including applications received directly from

borrowers (in-house originations), purchases from realtors and brokers,

[and] purchases from investors.''

Earlier Public Release of Individual Bank Call Report Data

One commenter addressed the agencies' plan to begin posting the

Call Reports for individual banks on the FDIC's Web site as soon as the

agencies' analysis of an individual report has been completed. Because

the agencies currently release the Call Reports for all banks

simultaneously approximately 60 days after the quarter-end report date,

this change would give the public access to some banks' Call Reports

about 30 days sooner than at present. The commenter expressed general

support for this change. However, this commenter suggested that, if

market conditions were ``turbulent,'' Call Report data should be

released by peer group rather than by a small number of banks at a time

in order to avoid unintended consequences to a bank whose data became

publicly available sooner than the data for its peers.

In implementing this change in their policy for making Call Report

data available to the public, which may begin as early as the first

quarter 2003 Call Reports, the agencies believe that the method by

which they will release the data should mitigate the commenter's

concern. The first quarter in which this posting process is

implemented, individual bank reports for which the agencies' analyses

have been completed will be posted to the Internet beginning the fifth

Friday after the report date, e.g., May 2, 2003, for the March 31,

2003, report or August 1, 2003, for the June 30, 2003, report.

Additional bank reports whose analyses have been completed will be

posted each Friday thereafter. In quarters subsequent to the first

quarter in which the early release of individual bank Call Report data

to the Internet has been implemented, this posting process will start

on the fourth Friday after the report date. Based on the agencies'

experience in processing and analyzing Call Reports, about 1,500 or

more individual bank reports would be placed on the FDIC's Web site on

the initial posting date. Should the agencies decide to make individual

banks' reports publicly available at an earlier date, banks will be

notified in advance of such a change.

Other Comments

One commenter asked the agencies to revise the Call Report to

collect additional detailed data on construction and land development

loans, e.g., separate data for residential and nonresidential

construction loans. Another commenter suggested that ``additional

institutional detail'' be collected on the deposit balances of

individuals, partnerships, and corporations. The agencies had not

included revisions of this nature in their November 2002 proposal and

are not implementing these commenters' recommended changes. However,

the agencies are undertaking overall reviews of their Call Report data

needs with respect to bank lending activities and bank liabilities and

will include the commenters' suggestions in their reviews.

One commenter from a bank stated that because holdings of life

insurance with cash surrender value are reported as part of ``Other

assets'' on the Call Report, this reporting treatment gives the

impression that this asset, which actually generates earnings, is not

an earning asset. This banker observed that most of his bank's peer

group comparisons are distorted because the denominator in many ratios

is ``earning assets,'' which does not include cash value life

insurance. The commenter recommended that these holdings of life

insurance should be treated as an earning asset for analytical

purposes. The agencies note that the amount of a bank's ``earning

assets'' is not collected in the Call Report, but is a figure that

[[Page 10314]]

is calculated from Call Report data for use in the Uniform Bank

Performance Report. This recommendation has been referred to the

agencies' coordinator for the Uniform Bank Performance Report.

One commenter expressed concern about the increase in the amount of

data collected in the Call Report over the last ten years and asked why

a small non-complex bank has to complete a detailed report designed for

larger banks. The commenter recommended reducing the size of the Call

Report for small banks. The Call Report already collects different

amounts of data from different size banks even though the report form

itself covers banks in all size ranges. The data items that are to be

completed by banks that meet certain size or other criteria are clearly

identified on the forms. The commenter noted that his bank uses Call

Report software to complete the Call Report. Such software can be

easily designed to filter out the data items that small banks do not

need to complete. Furthermore, the November 2002 proposal further

reflects the agencies' recognition that certain data does not need to

be reported by all banks. In this regard, the new items relating to

accrued fees and finance charges on credit card accounts are only to be

completed by banks that have $500 million or more in outstanding credit

card receivables or are credit card specialty banks.

Request for Comment

Comments are invited on:

(a)Whether the proposed revisions to the Call Report collections of

information are necessary for the proper performance of the agencies'

functions, including whether the information has practical utility;

(b) The accuracy of the agencies' estimates of the burden of the

information collections as they are proposed to be revised, including

the validity of the methodology and assumptions used;

(c) Ways to enhance the quality, utility, and clarity of the

information to be collected;

(d) Ways to minimize the burden of information collections on

respondents, including through the use of automated collection

techniques or other forms of information technology; and

(e) Estimates of capital or start up costs and costs of operation,

maintenance, and purchase of services to provide information.

Comments submitted in response to this notice will be shared among

the agencies. All comments will become a matter of public record.

Written comments should address the accuracy of the burden estimates

and ways to minimize burden as well as other relevant aspects of these

information collection requests.

Dated: February 26, 2003.

Mark J. Tenhundfeld,

Assistant Director, Legislative and Regulatory Activities Division,

Office of the Comptroller of the Currency.

Board of Governors of the Federal Reserve System, February 25,

2003.

Jennifer J. Johnson,

Secretary of the Board.

Dated at Washington, DC, this 26th day of February, 2003.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 03-4998 Filed 3-3-03; 8:45 am]

BILLING CODE 4810-33-P