[Federal Register: November 13, 2003 (Volume 68, Number 219)]
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Office of Thrift Supervision
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection;
AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury;
Thrift Supervision (OTS), Treasury; Board of Governors of the Federal
Reserve System (Board); and Federal Deposit Insurance Corporation
ACTION: Joint notice and request for comment.
SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (44 U.S.C. chapter 35), the OCC, the OTS, the Board, and
the FDIC (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 Federal Financial Institutions Examination
Council (FFIEC), of which the agencies are members, has approved the
agencies'publication for public comment of a proposal to extend,
without revision, the Report on Indebtedness of Executive Officers and
Principal Shareholders and their Related Interests to Correspondent
Banks (FFIEC 004), which are currently approved information
collections. At the end of the comment period, the comments and
recommendations received will be analyzed to determine the extent to
which the FFIEC and the agencies should modify the report. The agencies
will then submit the report to OMB for review and approval.
DATES: Comments must be submitted on or before January 12, 2004.
ADDRESSES: Interested parties are invited to submit written 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: Comments should be sent to the Office of the Comptroller
the Currency, Public Information Room, Mailstop 1-5, Attention: 1557-
0070, 250 E Street, SW., Washington, DC 20219. Due to delays in paper
mail delivery in the Washington area, commenters are encouraged to
submit comments by fax or e-mail. Comments may be sent by fax to (202)
or by e-mail to
firstname.lastname@example.org. You can inspect
and photocopy the comments at the OCC's Public Information Room, 250 E
Street, SW., Washington, DC 20219. You can make an appointment to
inspect the comments by calling (202) 874-5043.
OTS: Information Collection Comments, Chief Counsel's Office,
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552,
Attention: 1550-0075, Fax number (202) 906-6518, or e-mail to
email@example.com. OTS will post comments and
related index on the OTS Internet Site at
addition, interested persons may inspect comments at the Public Reading
Room, 1700 G Street, NW., by appointment. To make an appointment, call
(202) 906-5922, send an e-mail to
or send a
facsimile transmission to (202) 906-7755.
Board: Written comments, which should refer to ``FFIEC 004,
0034'' may be mailed to Ms. Jennifer J. Johnson, Secretary, Board of
Governors of the Federal Reserve System, 20th and C Streets, 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
or faxing them to the Office of the Secretary at (202) 452-3819 or (202)
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 section 261.12, except as provided in 261.14, of the
Board's Rules Regarding Availability of Information, 12 CFR 261.12 and
comments should be addressed to Robert E. Feldman,
Executive Secretary, Attention: Comments/Legal, Federal Deposit
Insurance Corporation, 550 17th Street, N.W., Washington, D.C. 20429.
All comment should refer to ``FFIEC 004, 3064-0023.'' Commenters are
encouraged to submit comments by fax or electronic mail [FAX number
Internet address: firstname.lastname@example.org].
Comments also 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. Comments may be inspected and photocopied in the
FDIC Public Information
Center, Room 100, 801 17th Street, N.W.,
Washington, D.C., 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: Joseph F. Lackey, Jr., Office of Information
and Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 10235, Washington, DC 20503 or electronic mail to
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,
874-5090, Legislative and Regulatory Activities Division, Office of the
Comptroller of the Currency, 250 E Street, S.W., Washington, D.C.
OTS: Marilyn Burton, OTS Clearance Officer, (202) 906-6467,
of Thrift Supervision, 1700 G Street, N.W., Washington, D.C. 20552.
Board: Cindy Ayouch, Federal Reserve Board Clearance Officer,
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 call
(202) 263-4869, 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,
Legal Division, Federal Deposit Insurance Corporation, 550 17th Street
N.W., Washington, D.C. 20429.
Proposal to extend for three years without revision the following
currently approved information collection:
Title: Report on Indebtedness of Executive Officers and
Shareholders and their Related Interests to Correspondent Banks
Form Number: FFIEC 004
Frequency of Response: Annually (for executive officers and
principal shareholders), and on occasion (for national banks, state
member banks, insured state nonmember banks, and savings associations)
Affected Public: Individuals or households, businesses or
OMB Number: 1557-0070
Estimated Number of Respondents: 25,300 (23,000 executive
and principal shareholders fulfilling record keeping burden, 2,300
national banks fulfilling record keeping and disclosure burden)
Estimated Time per Response: 2.25 hours
Estimated Total Annual Burden: 56,925
OMB Number: 1550-0075
Estimated Number of Respondents: 4,336
Estimated Time per Response: 2.75 hours
Estimated Total Annual Burden: 11,924
OMB Number: 7100-0034
Estimated Number of Respondents: 4,955 (3,964 executive
and principal shareholders fulfilling record keeping burden, 991 state
member banks fulfilling record keeping and disclosure burden)
Estimated Time per Response: 1.12 hours
Estimated Total Annual Burden: 5,551
OMB Number: 3064-0023
Estimated Number of Respondents: 27,495 (21,996 executive
and principal shareholders fulfilling record keeping burden, 5,499
insured state nonmember banks fulfilling record keeping and disclosure
Estimated Time per Response: 1.8 hours
Estimated Total Annual Burden: 49,491
General Description of Report: These information collections
mandatory: 12 U.S.C. 1972(2)(G) (all); 12 U.S.C. 1817(k), 12 CFR 31.2,
and 12 U.S.C. 93a (OCC); 12 U.S.C. 1468 and 12 CFR 563.43 (OTS); 12
U.S.C. 375(a)(6) and (10), and 375(b)(10) (Board); and 12 CFR 349.3 and
349.4 (FDIC). In general,
these information collections are given
confidential treatment (5 U.S.C. 552 (b)(8)), but banks and saving
associations are required to make certain limited disclosures.
Abstract: Executive officers and principal shareholders of
banks and saving associations must file with their institution 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 and saving associations must retain
these reports or reports containing similar information and fulfill
other record keeping requirements, such as furnishing annually a list
of their correspondent banks to their executive officers and principal
shareholders. Banks and saving associations also have certain
disclosure requirements for these information collections.
Current Actions: The agencies propose to extend, without
the FFIEC 004 report. The agencies continue to evaluate the record
keeping requirements contained in their regulations that relate to the
FFIEC 004 report. Should the agencies decide to revise these
regulations, a separate Federal Register notice will be published
inviting comment from the public on the proposed revisions. Any
revisions that may be made to the agencies' regulations would be
subsequently incorporated into these information collections (FFIEC
Request for Comment
Comments are invited on:
a. Whether the information collections are necessary for the
performance of the agencies' functions, including whether the
information has practical utility;
b. The accuracy of the agencies' estimates of the burden of
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 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
maintenance, and purchase of services to provide information.
Comments submitted in response to this notice will be shared
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 as well as other relevant aspects of the
information collection request.
October 23, 2003.
Mark J. Tenhundfeld
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency
November 4, 2003.
James E. Gilleran,
Director, Office of Thrift Supervision
Board of Governors of the Federal Reserve System, November 6,
Jennifer J. Johnson
Secretary of the Board
Dated at Washington, D.C., this 22nd day of October, 2003.
Federal Deposit Insurance Corporation
Robert E. Feldman
[FR Doc. 03-28452 Filed 11-12-03; 8:45 am]
BILLING CODE 4810-33- 6720-01-P; 6210-01-P; 6714-01-P