FDIC Federal Register Citations

[Federal Register: March 20, 1997 (Volume 62, Number 54)]

[Notices]

[Page 13380-13381]

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

[DOCID:fr20mr97-74]

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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

``Public Disclosure of Financial and Other Information by FDIC-Insured

State Nonmember Banks'' (12 CFR Part 350).

DATES: Comments must be submitted on or before May 20, 1997.

ADDRESSES: Interested parties are invited to submit written comments to

Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907, Office of the

Executive Secretary, Federal Deposit Insurance Corporation, 550 17th

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

``Public Disclosure of Financial and Other Information by FDIC-Insured

State Nonmember Banks'' (12 CFR Part 350). Comments may be hand-

delivered to Room F-400, 1776 F Street, NW., Washington, DC 20429, on

business days between 8:30 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

[[Page 13381]]

Information and Regulatory Affairs, Office of Information and

Regulatory Affairs, Office of Management and Budget, New Executive

Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT:

Steven F. Hanft, at the address identified above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently

approved collection of information:

Title: Public Disclosure of Financial and Other Information by

FDIC-Insured State Nonmember Banks (12 CFR Part 350).

OMB Number: 3064-0090.

Frequency of Response: Annually.

Affected Public: FDIC-insured state nonmember banks.

Estimated Number of Respondents: 6,374 state nonmember banks.

Estimated Time per Response: \1/2\ hour.

Estimated Total Annual Burden: 3,187 hours.

General Description of Collection: A bank subject to the 12 CFR

Part 350 regulation is required to post a notice for general public,

and in some instances, to notify shareholders by mail, that a

disclosure statement is available upon request. A required disclosure

statement consists of financial reports for the current year and

preceding year and may be copied from the year-end Call Report that the

bank must submit to the FDIC.

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, D.C., this 14th day of March, 1997.

Federal Deposit Insurance Corporation.

Jerry L. Langley,

Executive Secretary.

[FR Doc. 97-6963 Filed 3-19-97; 8:45 am]

BILLING CODE 6714-01-M