[Federal Register: March 4, 2004 (Volume 69, Number 43)]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
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: Submission for OMB
Review; Joint Comment Request
AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury;
Office of Thrift Supervision (OTS), Treasury; Board of Governors of the
Federal Reserve System (Board); and Federal Deposit Insurance
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 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.
On November 13, 2003, the agencies, under the auspices of the
Federal Financial Institutions Examination Council (FFIEC), published a
notice in the Federal Register (68 FR 64422) 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
January 12, 2004. 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 April 15, 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 of
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-
874-4448, 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 the
related index on the OTS Internet Site at http://www.ots.treas.gov. In
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 firstname.lastname@example.org, or send a
facsimile transmission to 202-906-7755.
Board: Comments should be mailed to Jennifer J. Johnson, Secretary,
Board of Governors of the Federal Reserve System, 20th Street and
Constitution Avenue, N.W., Washington, DC 20551. Please consider
submitting your comments through the Board's web site at
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm; by e-mail to
email@example.com; or by fax to the Office of the
Secretary at 202-452-3819 or 202-452-3102. Rules proposed by the Board
and other federal agencies may also be viewed and commented on at
http://www.regulations.gov. All public comments are available from the Board's
web site at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as
submitted, except as necessary for technical reasons. Accordingly, your
comments will not be edited to remove any
identifying or contact information. Public comments may also be viewed
electronically or in paper in Room MP-500 of the Board's Martin
Building (C and 20th Streets, N.W.) between 9:00 a.m. and 5:00 p.m. on
FDIC: Written 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 comments should refer to ``FFIEC 004, 3064-0023.'' Commenters are
encouraged to submit comments by fax or electronic mail [FAX number
202-898-3838; e-mail: 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: John Ference, Acting 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.
OTS: Marilyn K. Burton, OTS Clearance Officer, 202-906-6467, Office
of Thrift Supervision, 1700 G Street, N.W., Washington, D.C. 20552.
Board: Cindy Ayouch, 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 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, 202-898-3907, Legal
Division, Federal Deposit Insurance Corporation, 550 17th Street N.W.,
Washington, D.C. 20429.
Proposal to Request Approval From OMB of the Extension for Three Years,
Without Revision, of the Following Report:
Title: Report on Indebtedness of Executive Officers and Principal
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 other
OMB Number: 1557-0070
Estimated Number of Respondents: 23,386 (21,260 executive officers
and principal shareholders fulfilling record keeping burden, 2,126
national banks fulfilling record keeping and disclosure burden)
Estimated Time per Response: 2.25 hours
Estimated Total Annual Burden: 52,619
OMB Number: 1550-0075
Estimated Number of Respondents: 4,620 (3,696 executive officers
and principal shareholders fulfilling record keeping burden, 924
savings associations fulfilling record keeping and disclosure burden)
Estimated Time per Response: 2.75 hours
Estimated Total Annual Burden: 12,705
OMB Number: 7100-0034
Estimated Number of Respondents: 4,760 (3,808 executive officers
and principal shareholders fulfilling record keeping burden, 952 state
member banks fulfilling record keeping and disclosure burden)
Estimated Time per Response: 1.12 hours
Estimated Total Annual Burden: 5,331
OMB Number: 3064-0023
Estimated Number of Respondents: 26,660 (21,328 executive officers
and principal shareholders fulfilling record keeping burden, 5,332
insured state nonmember banks fulfilling record keeping and disclosure
Estimated Time per Response: 1.8 hours
Estimated Total Annual Burden: 47,988
General Description of Report: These information collections are
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 savings
associations are required to make certain limited disclosures.
Abstract: Executive officers and principal shareholders of insured
banks and savings 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 savings 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 savings associations also have certain
disclosure requirements for these information collections.
Current Actions: The agencies propose to extend, without revision,
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 could be
subsequently incorporated into 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,
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 as well as other relevant aspects of the
information collection request.
Date: February 12, 2004.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
Dated: February 19, 2004.
Office of Thrift Supervision
James E. Gilleran,
Board of Governors of the Federal Reserve System, February 27,
Jennifer J. Johnson,
Secretary of the Board.
Dated at Washington, D.C., this 11th day of February, 2004.
Federal Deposit Insurance Corporation
Robert E. Feldman,
[FR Doc. 04-4839 Filed 3-3-04; 8:45 am]
BILLING CODES 4810-33; 6720-01; 6210-01; 6714-01