SUMMARY: In accordance with requirements of the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it
plans to submit to the Office of Management and Budget (OMB) a request
for OMB review and approval of the information collection system
Type of Review: Renewal of a currently approved collection.
Title: Notice of Branch Closure.
OMB Number: 3064-0109.
Annual Burden: Estimated annual number of respondents--892;
Estimated time per response--2.4 hours; Average annual burden hours--
Expiration Date of OMB Clearance: September 30, 1998.
OMB Reviewer: Alexander T. Hunt, (202) 395-7860, Office of
Management and Budget, Office of Information and Regulatory Affairs,
Washington, D.C. 20503.
FDIC Contact: Tamara R. Manly, (202) 898-7453, Office of the
Executive Secretary, Room F-4058, Federal Deposit Insurance
Corporation, 550 17th Street N.W., Washington, D.C. 20429.
Comments: Comments on this collection of information are welcome
and should be submitted on or before August 27, 1998 to both the OMB
reviewer and the FDIC contact listed above.
ADDRESSES: Information about this submission, including copies of the
proposed collection of information, may be obtained by calling or
writing the FDIC contact listed above.
SUPPLEMENTARY INFORMATION: Section 42 of the Federal Deposit Insurance
Act mandates that an institution that proposes to close a branch notify
its primary Federal regulator no later than 90 days prior to the
closing. The statute also provides that a notice be posted on the
premises of the branch for the 30-day period immediately prior to the
closing and that the customers be notified in a mailing at least 90
days prior to the closing. Each insured depository institution is
required to adopt policies for branch closing.
Dated: July 22, 1998.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
[FR Doc. 98-20056 Filed 7-27-98; 8:45 am]
BILLING CODE 6714-01-M