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); Federal
Deposit Insurance Corporation (FDIC); and Office of Thrift Supervision
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, the FDIC, and
the OTS (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 January 10, 2002, the agencies published a notice in the Federal
Register (67 FR 1405) requesting public comment on the extension, with
revision, of the currently approved information collection titled
``Interagency Bank Merger Act Application'' and clarifications to the
Comptroller's Corporate Manual. The comment period for this notice
expired on March 11, 2002, and no comments were received. The agencies
are now submitting requests to OMB for review and approval of the
extension, with revision, of this information collection.
DATES: Comments must be submitted to the agencies and the OMB Desk
Officer on or before May 29, 2002.
ADDRESSES: Interested parties are invited to submit written comments to
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, SW.,
Public Information Room, Mailstop 1-5, Attention: 1557-0014 (BMA),
Washington, DC 20219. Due to recent disruptions in the OCC's mail
service, commenters are encouraged to submit comments by fax or by
electronic mail. Comments may be sent by fax to (202) 874-4448, or by
electronic mail to email@example.com.
Comments will be
available for inspection and photocopying at the OCC's Public
Information Room, 250 E Street, SW., Washington, DC 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, NW., 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, NW. 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 Tamara R. Manly,
Management Analyst (Regulatory Analysis), Office of Executive
Secretary, Room F-4058, Attention: Comments/OES, Federal Deposit
Insurance Corporation, 550 17th Street, NW., Washington, DC 20429. All
comments should refer to ``Interagency Bank Merger Act Application.''
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: firstname.lastname@example.org]. Comments may be inspected and
photocopied in the
FDIC Public Information Center, Room 100, 801 17th Street, NW.,
Washington, DC, between 9:00 a.m. and 4:30 p.m. on business days.
OTS: Written comments should be sent to Information Collection
Comments, Chief Counsel's Office, Office of Thrift Supervision, 1700 G
Street, NW., Washington, DC 20552, Attention: 1550-0016, FAX Number
(202) 906-6518, or e-mail to email@example.com. OTS
will post comments and the related index on the OTS Internet Site at www.ots.treas.gov. In addition, interested persons
may inspect comments
at the Public Reference Room, 1700 G Street, NW., by appointment. To
make an appointment, call (202) 906-5922, send an e-mail to firstname.lastname@example.org, or send a
facsimile transmission to (202)
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, DC 20503.
FOR FURTHER INFORMATION CONTACT: Additional information or a copy of
the collection may be requested from:
OCC: Jessie Dunaway, OCC Clearance Officer, (202) 874-5090,
Legislative and Regulatory Activities Division, Office of the
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.
For subject matter information, you may contact Cheryl Martin at (202)
874-4614, Licensing Policy, and Systems, Licensing Department, Office
of the Comptroller of the Currency, 250 E Street, SW., Washington, DC
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, NW., Washington, DC
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, NW., Washington, DC 20551.
FDIC: Tamara R. Manly, Management Analyst (Regulatory Analysis),
(202) 898-7453, Office of the Executive Secretary, Federal Deposit
Insurance Corporation, 550 17th Street, NW, Washington, DC 20429.
OTS: Sally W. Watts, OTS Clearance Officer, (202) 906-7380; Frances
C. Augello, Senior Counsel, Business Transactions Division, (202) 906-
6151; Patricia D. Goings, Regulatory Analyst, Examination Policy, (202)
906-5668; or Damon C. Zaylor, Regulatory Analyst, Examination Policy,
(202) 906-6787, Office of Thrift Supervision, 1700 G Street, NW,
Washington, DC 20552.
Proposal To Request Approval From OMB of the Extension for Three
Years, With Revision, of the Following Currently Approved
Collection of Information
Report Title: Interagency Bank Merger Act Application.
OCC's Title: Comptroller's Corporate Manual (Manual). The specific
portions of the Manual covered by this notice are those that pertain to
``The Interagency Bank Merger Act'' application located in the Business
Combinations booklet of the Manual and various portions of the booklet
to which the OCC is making technical and clarifying changes.
Board: FR 2070.
FDIC: 6220/01 and 6220/07.
Affected Public: Individuals or households; Businesses or other
Type of Review: Revision of a currently approved collection.
Estimated Number of Respondents:
OCC: Nonaffiliate--60; Affiliate--210.
Board: Nonaffiliate--57; Affiliate--79.
FDIC: Nonaffiliate--200; Affiliate--150.
OTS: Nonaffiliate--16; Affiliate--0.
Frequency of Response: On occasion.
Estimated Annual Burden Hours per Response:
OCC: Nonaffiliate--30; Affiliate--18.
Board: Nonaffiliate--30; Affiliate--18.
FDIC: Nonaffiliate--30; Affiliate--18.
OTS: Nonaffiliate--30; Affiliate--18.
Estimated Total Annual Burden Hours:
OCC: Nonaffiliate--1,800; Affiliate--3,780. Total: 5,580 burden
Board: Nonaffiliate--1,710; Affiliate--1,422. Total: 3,132 burden
FDIC: Nonaffiliate--6,000; Affiliate--2,700. Total: 8,700 burden
OTS: Nonaffiliate--480; Affiliate--0. Total: 480 burden hours.
General Description of Report: This information collection is
mandatory. 12 U.S.C. 1828(c) (OCC, FDIC, and OTS), and 12 U.S.C. 321,
1828(c), and 4804 (Board). Except for select sensitive items, this
information collection is not given confidential treatment. Small
businesses, that is, small institutions, are affected.
Abstract: This submission covers a revision to the agencies' merger
application form for both affiliated and nonaffiliated institutions.
The form's title is the Interagency Bank Merger Act Application. The
agencies need the information to ensure that the proposed transactions
are permissible under law and regulation and are consistent with safe
and sound banking practices. The agencies are required, under the Bank
Merger Act, to consider financial and managerial resources, future
prospects, convenience and needs of the community, community
reinvestment, and competition.
Some agencies collect limited supplemental information in certain
cases. For example, the OCC and OTS collect information regarding CRA
commitments, the OCC collects the identity and the activity of each
subsidiary to be acquired, the Federal Reserve collects information on
debt servicing from certain institutions, and the FDIC requires
additional information on the competitive impact of proposed mergers.
Current Actions: On January 10, 2002, the agencies published in the
Federal Register (67 FR 1405), a notice on the proposed revisions to
this information collection. The comment period expired on March 11,
2002. The agencies received no public comments and are now submitting
requests to OMB for approval of the extension, with revision, of this
information collection, as proposed.
Section 307(c) of the Gramm-Leach-Bliley Act (GLBA) requires the
appropriate agency to consult with the appropriate state insurance
regulator prior to making any determination relating to the initial
affiliation of, or the continuing affiliation of, a depository
institution with a company engaged in insurance activities. As a
result, the agencies propose to add an item to the form to collect
information regarding the name of an affiliated insurance company, a
description of its insurance activities, and the name of the state in
which the company is domiciled or in which it has a resident license.
Additionally, the General Instructions contain technical corrections to
make them uniform with the proposed revisions to the ``Interagency
Charter and Federal Deposit Insurance Application'' form.
Further, the OCC is making a change to its Business Combinations
booklet of the Manual by adding the interagency application form and
providing updated information about filing for a merger. These changes
are not material and are technical in nature. These changes are an
administrative adjustment, and do not change, in any way, the
requirements on national banks.
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.
Dated: April 16, 2002.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
By order of the Board of Governors of the Federal Reserve
System, April 22, 2002.
Robert deV. Frierson,
Deputy Secretary of the Board.
Dated at Washington, DC, this 19th day of April, 2002.
Federal Deposit Insurance Corporation
Robert E. Feldman,
Dated: April 22, 2002.
Deputy Chief Counsel, Regulations and Legislation Division, Office of
[FR Doc. 02-10395 Filed 4-26-02; 8:45 am]
BILLING CODES 4810-33-P, 6210-01-P, 6744-01-P, and 6720-01-P