[Federal Register: December 27, 2001 (Volume 66, Number 248)]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
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; Joint Comment Request
AGENCY: 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.
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
(collectively, 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 September 18, 2001, the agencies, under the
auspices of the Federal Financial Institutions Examination Council
(FFIEC), published a notice in the Federal Register (66 FR 48166)
requesting public comment on the extension, without revision, of the
currently approved information collection: Report on Indebtedness of
Executive Officers and Principal Shareholders and their Related
Interests to Correspondent Banks (FFIEC 004). The comment period for
this notice expired on November 19, 2001. No comments were received.
The agencies are now submitting requests to OMB for approval of the
extension, without revision, of the FFIEC 004 report.
DATES: Comments must be submitted on or before January 28, 2002.
ADDRESSES: Interested parties are invited to submit written comments to
Comments will be available for inspection
any or all of the agencies. All comments should refer to the OMB
control number(s) and will be shared among the agencies.
OCC: Written comments should be submitted to the Communications
Division, Office of the Comptroller of the Currency, 250 E Street,
S.W., Public Information Room, Mailstop 1-5, Attention: 1557-0070,
Washington, D.C. 20219. In addition, comments may be sent by facsimile
transmission to (202) 874-4448, or by electronic mail to
and photocopying at the OCC's Public Information Room, 250 E Street,
S.W., Washington, D.C. 20219. Appointments for inspection of comments
may be made by calling (202) 874-5043.
Board: Comments may be mailed to Ms. Jennifer J. Johnson,
Secretary, Board of Governors of the Federal Reserve System, 20th
Street and Constitution Avenue, N.W., Washington, DC 20551. However,
because paper mail in the Washington area and at the Board of Governors
is subject to delay, please consider submitting your comments by e-mail
or faxing them to the Office of
the Secretary at 202-452-3819 or 202-452-3102. Comments addressed to
Ms. Johnson may also be delivered to the Board's mail facility in the
West Courtyard between 8:45 a.m. and 5:15 p.m., located on 21st Street
between Constitution Avenue and C Street, N.W. Members of the public
may inspect comments in Room MP-500 between 9:00 a.m. and 5:00 p.m. on
weekdays pursuant to 261.12, except as provided in 261.14, of the
Board's Rules Regarding Availability of Information, 12 CFR 261.12 and
FDIC: Written comments should be addressed to Robert E. Feldman,
Executive Secretary, Attention: Comments/OES, Federal Deposit Insurance
Corporation, 550 17th Street, N.W., Washington, D.C. 20429. Comments
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 7:00
a.m. and 5:00 p.m. [FAX number (202) 898-3838; Internet address:
Comments may be inspected and photocopied in the
FDIC Public Information Center, Room 100, 801 17th Street, N.W.,
between 9:00 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: Alexander T. Hunt, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, D.C. 20503.
FOR FURTHER INFORMATION CONTACT: Additional information or a copy of
the collection may be requested from:
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, S.W., Washington, D.C.
Board: Mary M. West, Federal Reserve Board Clearance Officer, (202)
452-3829, Division of Research and Statistics, Board of Governors of
the Federal Reserve System, 20th and C Streets, N.W., Washington, D.C.
20551. Telecommunications Device for the Deaf (TDD) users may contact
Capria Mitchell (202) 872-4984, Board of Governors of the Federal
Reserve System, 20th and C Streets, N.W., Washington, D.C. 20551.
FDIC: Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907,
Office of the Executive Secretary, Federal Deposit Insurance
Corporation, 550 17th Street N.W., Washington, D.C. 20429.
Proposal to extend, without revision, the following currently
approved collection of information:
Report Title: Report on Indebtedness of Executive Officers and
Principal Shareholders and their Related Interests to Correspondent
Form Number: FFIEC 004
Frequency of Response: Annually (for executive officers and principal
shareholders), and on occasion (for national, state member and insured
state nonmember banks)
Affected Public: Individuals or households, Businesses or other for-
OMB Number: 1557-0070
Number of Respondents: 25,300 (23,000 executive officers and
principal shareholders fulfilling recordkeeping burden, 2,300 national
banks fulfilling recordkeeping and disclosure burden)
Estimated Average Hours per Response: 2.25 hours
Estimated Total Annual Burden: 56,925 hours
OMB Number: 7100-0034
Number of Respondents: 4,955 (3,964 executive officers and
principal shareholders fulfilling recordkeeping burden, 991 state
member banks fulfilling recordkeeping and disclosure burden)
Estimated Average Hours per Response: 1.12 hours
Estimated Total Annual Burden: 5,551 hours
OMB Number: 3064-0023
Estimated Number of Respondents: 27,495 (21,996 executive officers
and principal shareholders fulfilling recordkeeping burden, 5,499
insured state nonmember banks fulfilling recordkeeping and disclosure
Estimated Average Hours per Response: 1.8 hours
Estimated Total Annual Burden: 49,491 hours
General Description of Report: This information collection is
mandatory: 12 U.S.C. 1972(2)(G) (all); 12 U.S.C. 375(a)(6) and (10),
and 375(b)(10) (Board); 12 CFR 31.2, 12 U.S.C. 1817(k) and 12 U.S.C.
93a (OCC); 12 CFR 349.3, 12 CFR 349.4, and 12 CFR 304.5(e) (FDIC).
Copies of the reports in the possession of the agencies may be exempt
from disclosure under sections (b)(4), (6), and (8) of the Freedom of
Information Act (5 U.S.C. 552 (b)(4), (6), and (8)).
Abstract: Executive officers and principal shareholders of insured
banks must file with the bank the information contained in the FFIEC
004 report on their indebtedness and that of their related interests to
correspondent banks. The information contained in the FFIEC 004 report
is prescribed by statute and regulation, as cited above. Banks must
retain these reports or reports containing similar information and
fulfill other recordkeeping requirements, such as furnishing annually a
list of their correspondent banks to their executive officers and
principal shareholders. Banks also have certain disclosure requirements
for this information collection.
Current Actions: The agencies received no comments on their joint
proposal to extend, without revision, the FFIEC 004 report, which was
published on September 18, 2001 (66 FR 48166). The agencies are now
submitting requests to OMB for approval of an extension, without
revision, of this report. In their requests, the agencies are
requesting an expiration date of March 31, 2004, which corresponds to
the Office of Thrift Supervision's expiration date for the FFIEC 004
Request for Comment
Comments are invited on:
a. Whether the information collections 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, including the validity of the methodology and
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 including the use of automated collection
techniques or the use of other forms of information technology as well
as other relevant aspects of the information collection request.
December 17, 2001.
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, December 19,
Jennifer J. Johnson
Secretary of the Board
Dated at Washington, D.C., this 14th day of December 12, 2001.
Federal Deposit Insurance Corporation.
Robert E. Feldman
[FR Doc. 01-31694 Filed 12-26-01; 8:45 am]
BILLING CODES OCC: 4810-33-S 1/3; Board: 6210-01-S 1/3; FDIC: 6714-01-S