Agency Information Collection Activities; Proposed Revision of
Information Collection; 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
SUMMARY: The OCC, Board, FDIC, and OTS (Agencies), as part of their
continuing effort to reduce paperwork and respondent burden, invite the
general public and other Federal agencies to comment on proposed
revisions to a continuing information collection, as required by the
Paperwork Reduction Act of 1995. 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. The Agencies are soliciting
comments on proposed revisions to the information collection titled:
``Interagency Bank Merger Act Application.'' Additionally, the OCC is
making other clarifying changes to the Comptroller's Corporate Manual.
DATES: You should submit written comments by March 11, 2002.
ADDRESSES: Interested parties are invited to submit comments to any or
all of the Agencies. All comments, which should refer to the OMB
control number, will be shared among the Agencies:
OCC: Office of the Comptroller of the Currency, Public Information
Room, 250 E Street, SW, Mail Stop 1-5, Attention: 1557-0014 (BMA),
Washington, DC 20219. You may make an appointment to inspect and
photocopy comments at the same location by calling (202) 874-5043. In
addition, you may fax your comments to (202) 874-4448 or e-mail them to
Board: Written comments may be mailed to 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
electronic mail to firstname.lastname@example.org,
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 M-P-500 between 9 a.m. and 5
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
FDIC: 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 a.m. and 5 p.m. [FAX number (202) 898-3838;
Internet address: email@example.com]. Comments may
be inspected and
photocopied in the FDIC Public Information Center, Room 100, 801 17th
Street, NW, Washington, DC between 9 a.m. and 4:30 p.m. on business
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.
OTS: 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 firstname.lastname@example.org.
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 email@example.com, or send a
facsimile transmission to (202)
FOR FURTHER INFORMATION CONTACT: You may request additional information
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, 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.
SUPPLEMENTARY INFORMATION: Proposal to extend for three years, with
revision, 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 Business Combinations booklet of the Manual and various portions 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: Review of a currently approved collection.
Estimated Number of Respondents:
OCC: Nonaffiliate--120; Affiliate--260.
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--3,600; Affiliate--4,680. Total: 8,280 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 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: 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 on the name of the affiliated insurance company; a
description of its insurance activities; each state and the lines of
business in each state in which the company holds, or will hold, an
insurance license; and the state where the company holds a resident
license or charter, as applicable. 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.
Comments: Comments submitted in response to this notice will be
summarized in each Agency's request for OMB approval, and analyzed to
determine the extent to which the collection should be modified. All
comments will become a matter of public record.
Written comments are invited on:
a. Whether the information collection is 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 collection, 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 collection 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.
Dated: November 1, 2001.
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, January 3, 2002.
Jennifer J. Johnson,
Secretary of the Board.
Dated at Washington, D.C., this 1st day of November, 2001.
Robert E. Feldman,
Dated: October 4, 2001.
Deputy Chief Counsel, Regulations and Legislation Division, Office of
[FR Doc. 02-643 Filed 1-9-02; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P; 6720-01-P