FDIC Federal Register Citations
[Federal Register: March 14, 2006 (Volume 71, Number 49)]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
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 the following continuing collection of
information titled: Recordkeeping and Confirmation Requirements for
Securities Transactions (3064-0028).
DATES: Comments must be submitted on or before May 15, 2006.
Include the name and number of
the collection in the subject line of the message.
Mail: Gary A. Kuiper (202.942.3824), Counsel, Federal
Deposit Insurance Corporation, Suite 2100, 550 17th Street, NW.,
Washington, DC 20429.
Hand Delivery: 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.
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.
FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper, at the address
Proposal To Renew the Following Currently Approved Collection of
Title: Recordkeeping and Confirmation Requirements for Securities
OMB Number: 3064-0028.
Frequency of Response: On occasion.
Affected Public: All financial institutions.
Previous Estimated Number of Respondents: 4,732.
Current Estimated Number of Respondents: 4,606.
Average annual burden hours per Respondent: 27.91.
Previous Estimated Total Annual Burden: 132,070 hours.
Current Estimated Total Annual Burden: 128,553 hours.
Reduction in Burden: 3517 hours.
General Description of Collection: The information collection
requirements are contained in 12 CFR part 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
these collections. All comments will become a matter of public record.
Dated at Washington, DC, this 8th day of March, 2006.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
[FR Doc. E6-3539 Filed 3-13-06; 8:45 am]