Federal Deposit
Insurance Corporation

[Federal Register: April 28, 2005 (Volume 70, Number 81)]
[Notices]              
[Page 22044]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28ap05-76]                        

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FEDERAL DEPOSIT INSURANCE CORPORATION

 
Agency Information Collection Activities: Renewal of an
Information Collection; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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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 the proposed renewal of
an information collection, 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 ``Prompt
Corrective Action.''

DATES: Comments must be submitted on or before June 27, 2005.

ADDRESSES: Interested parties are invited to submit written comments to
the FDIC. All comments should refer to ``Prompt Corrective Action,
3064-0115.'' Comments may be submitted by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federal/propose.html.     
E-mail: comments@FDIC.gov. Include ``Prompt Corrective

Action, 3064-0115'' in the subject line of the message.
     Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room MB-
3082, Federal Deposit Insurance Corporation, 550 17th Street, NW.,
Washington, DC 20429.
     Hand Delivery: 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.
    A copy of the comments may also be submitted to the OMB desk
officer for the FDIC: Mark Menchik, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, DC 20503, or by electronic mail
to mmenchik@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: Leneta G. Gregorie, (202) 898-3719, or
at the address identified above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently
approved collection of information:
    Title: Prompt Corrective Action.
    OMB Number: 3064-0115.
    Frequency of Response: On occasion.
    Affected Public: All insured financial institutions.
    Estimated Number of Respondents: 19.
    Estimated Number of Responses: 19.
    Estimated Time per Response: 4 hours.
    Estimated Total Annual Burden: 76 hours.
    General Description of Collection: The prompt corrective action
provisions in section 38 of the Federal Deposit Insurance Act (12
U.S.C. 1831o) permits and, in some cases requires, the Federal Deposit
Insurance Corporation (FDIC) and other Federal banking agencies to take
certain supervisory actions when FDIC-insured institutions fall within
one of five capital categories. They also restrict or prohibit certain
activities and require the submission of a capital restoration plan
when an insured institution becomes undercapitalized.

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 request to OMB for renewal of this
collection. All comments will become a matter of public record.

    Dated at Washington, DC this 25th day of April, 2005.

Federal Deposit Insurance Corporation
Robert E. Feldman,
Executive Secretary.
[FR Doc. 05-8520 Filed 4-27-05; 8:45 am]

BILLING CODE 6714-01-P