[Federal Register: January 15, 2003 (Volume 68, Number 10)]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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
``Recordkeeping and Confirmation Requirements for Securities
DATES: Comments must be submitted on or before March 11, 2003.
ADDRESSES: Interested parties are invited to submit written comments to
Tamara R. Manly, Management Analyst (Consumer and Compliance Unit),
(202) 898-7453, Legal Division, Room MB-3109, Attention: Comments/
Legal, Federal Deposit Insurance Corporation, 550 17th Street NW.,
Washington, DC 20429. All comments should refer to ``Recordkeeping and
Confirmation Requirements for Securities Transactions.'' Comments may
be hand-delivered to the guard station at the rear of the 17th Street
Building (located on F Street), on business days between 7 a.m. and 5
p.m. (Internet address: comments@FDIC.gov). Comments may also be
submitted to the OMB desk officer for the FDIC: Joseph F. Lackey, Jr.,
Office of Information and Regulatory Affairs, Office of Management and
Budget, New Executive Office Building, Room 10236, Washington, DC
FOR FURTHER INFORMATION CONTACT: Tamara R. Manly, at the address
SUPPLEMENTARY INFORMATION: Proposal to renew the following currently
approved collection of information:
Title: Recordkeeping and Confirmation Requirements for Securities
OMB Number: 3064-0028.
Frequency of Response: On occasion.
Affected Public: All financial institutions.
Estimated Number of Respondents: 4,732.
Average annual burden hours per Respondent: 27.91.
Estimated Total Annual Burden: 132,070 hours.
General Description of Collection: The information collection
requirements are contained in 12 CFR 344. The regulation's purpose is
to ensure that purchasers of securities in transactions effected by
insured state nonmember banks are provided with adequate information
concerning the transactions. The regulation is also designed to ensure
that insured state nonmember banks maintain adequate records and
controls with respect to the securities transactions they effect.
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, DC, this 10th day of January, 2003.
Federal Deposit Insurance Corporation.
Assistant Executive Secretary.
[FR Doc. 03-867 Filed 1-14-03; 8:45 am]
BILLING CODE 6714-01-M