FDIC Federal Register Citations

[Federal Register: November 5, 2003 (Volume 68, Number 214)]

[Notices]

[Page 62594-62595]

[DOCID:fr05no03-79]

=======================================================================

-

FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Proposed Collection;

Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

--------------------------------------------------------------------------------------

SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork

and respondent burden, invites comment on three continuing information

collections, as required by the Paperwork Reduction Act of 1995 (44

U.S.C. chapter 35). The collections

[[Page 62595]]

are titled: (1) Application for a Bank to Establish a Branch or Move

its Main Office or Branch; (2) Application for Consent to Reduce or

Retire Capital; and (3) Activities and Investments of Savings

Associations.

DATES: Comments must be submitted on or before January 5, 2004.

ADDRESSES: Interested parties are invited to submit written comments to

Steve Hanft, Paperwork Clearance Officer, (202) 898-3907, Legal

Division, Room MB-3046, Federal Deposit Insurance Corporation, 550 17th

Street NW., Washington, DC 20429. All comments should refer to the OMB

control number. Comments may be hand-delivered to the guard station at

the rear of the 17th Street Building (located on F Street), on business

A copy of the comments may also be submitted to the OMB desk

officer for the FDIC: Joseph Lackey, Office of Information and

Regulatory Affairs, Office of Management and Budget, New Executive

Office Building, Room 10236, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Steve Hanft, at the address identified

above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently

approved collections of information:

1. Title: Application for a Bank to Establish a Branch or Move its

Main Office or Branch.

OMB Number: 3064-0070.

Frequency of Response: On occasion.

Affected Public: Insured financial institutions.

Estimated Number of Respondents: 1,540.

Estimated Time per Response: 5 hours.

Total Annual Burden: 7,700 hours.

General Description of Collection: Insured State nonmember banks

are required by law to obtain the FDIC's prior written consent before

they can establish and operate any new domestic branch or move their

main office or any branch from one location to another.

2. Title: Application for Consent to Reduce or Retire Capital.

OMB Number: 3064-0079.

Frequency of Response: On occasion.

Affected Public: Insured State nonmember banks.

Estimated Number of Respondents: 80.

Estimated Time per Response: 1 hour.

Total Annual Burden: 80 hours.

General Description of Collection: Insured state nonmember banks

that propose to change their capital structure must apply for and

obtain FDIC's consent to reduce or retire capital.

3. Title: Activities and Investments of Savings Associations.

OMB Number: 3064-0104.

Frequency of Response: On occasion.

Affected Public: Insured savings associations.

Estimated Number of Responses: 75.

Estimated Time per Response: 5 hours.

Total Annual Burden: 375 hours.

General Description of Collection: This collection of information

is an application submitted by savings associations to the FDIC as part

of the process of obtaining exceptions to the restrictions on the

powers of savings associations. The restrictions reduce the risk of

loss to the deposit insurance funds and eliminate some differences

between the powers of state associations and those of federal

associations.

Request for Comment

Comments are invited on: (a) Whether these collections of

information are 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

collections, 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 collections 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

collections 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 30th day of October, 2003.

Federal Deposit Insurance Corporation.

Valerie Best,

Assistant Executive Secretary.

[FR Doc. 03-27786 Filed 11-4-03; 8:45 am]

BILLING CODE 6714-01-P