FDIC Federal Register Citations

[Federal Register: October 1, 1997 (Volume 62, Number 190)]

[Notices]

[Page 51470-51471]

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

[DOCID:fr01oc97-61]

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FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Submission for OMB

Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation.

[[Page 51471]]

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 requirements of the Paperwork Reduction Act

of 1995 (44 U.S.C. Chapter 35), the FDIC hereby gives notice that it

plans to submit to the Office of Management and Budget a request for

OMB review and approval of the information collection system described

below.

Type of Review: Revision of currently approved collection.

Title: Independent Audits and Reporting Requirements.

Form Number: None.

OMB Number: 3064-0113.

Annual Burden: Number of Respondents: 420. Number of Responses per

Respondent: 3. Total Annual Responses: 1,260. Hours per Response: 32.

Total Annual Burden Hours: 40,320.

Expiration Date of OMB Clearance: September 30, 1998.

OMB Reviewer: Alexander T. Hunt, (202) 395-7860, Office of

Management and Budget, Office of Information and Regulatory Affairs,

Washington, D.C. 20503.

FDIC Contact: Steven F. Hanft, (202) 898-3907, Office of the

Executive Secretary, Room F-400, Federal Deposit Insurance Corporation,

550 17th Street N.W., Washington, D.C. 20429.

Comments: Comments on this collection of information are welcome

and should be submitted on or before October 31, 1997 to both the OMB

reviewer and the FDIC contact listed above.

ADDRESSES: Information about this submission, including copies of the

proposed collection of information, may be obtained by calling or

writing the FDIC contact listed above.

SUPPLEMENTARY INFORMATION: Section 36 of the Federal Deposit Insurance

Act (12 U.S.C. 1831m) (``FDI Act'') imposes auditing and reporting

requirements on insured depository institutions which are implemented

by the FDIC's 12 CFR part 363. Pursuant to part 363, an insured

depository institution which has total assets of $500 million or more:

files an annual report including audited financial statements,

management's statement of its responsibilities and assessment of its

internal control structure and its compliance with designated safety

and soundness laws and regulations, and an auditor's attestation

regarding management's assessments; and, notifies the FDIC when it

selects or changes its independent public accountant. The FDIC proposes

to revise the collection by deleting Schedule A ``Agreed Upon

Procedures for Determining Compliance with Designated Laws,'' from

Appendix A of part 363. This revision will conform the collection to

the deletion of Section 36(e) of the FDI Act by Section 2301 of the

Economic Growth and Regulatory Paperwork Reduction Act of 1996

(EGRPRA).

Dated: September 25, 1997.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 97-25949 Filed 9-30-97; 8:45 am]

BILLING CODE 6714-01-M