SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (44 U.S.C. 35), the OCC, OTS, and FDIC hereby give notice
that they plan to submit to the Office of Management and Budget (OMB)
requests for review of an information collection titled: Interagency
Bank Merger Act Application (BMA). In the case of the OCC, this
collection is a part of the Comptroller's Corporate Manual. Also, the
OCC is making other clarifying changes to the Comptroller's Corporate
Manual. Additionally, the Board of Governors of the Federal Reserve
System (Board) is reviewing the collection under its delegated
authority from OMB and will publish a separate Federal Register Notice.
The OCC, OTS, Board, and FDIC (collectively, the Agencies) may not
conduct or sponsor, and respondent is not required to respond to, an
information collection that has been extended, revised, or implemented
on or after October 1, 1995, unless it displays a currently valid OMB
DATES: Comments must be submitted on or before December 4, 1998.
ADDRESSES: Direct written comments as follows.
OCC: Communications Division, Office of the Comptroller of the
Currency, Third Floor, 250 E Street, SW, Washington, DC 20219;
Attention: 1557-0014. Comments also may be sent by facsimile
transmission to (202)874-5274, or by electronic mail to:
firstname.lastname@example.org. Comments will be available for inspection
and photocopying at the OCC's Public Reference Room, 250 E Street, SW,
Washington, DC 20219, between 9:00 a.m. and 5:00 p.m. on business days.
Appointments for inspection of comments can be made by calling
OTS: Dissemination Branch, Records Management and Information
Policy, Office of Thrift Supervision, 1700 G Street, NW, Washington, DC
20552, Attention 1550-0016. These submissions may be hand-delivered to
1700 G Street, NW, from 9:00 a.m. to 5:00 p.m. on business days. They
may be sent by facsimile transmission to (202)906-7755. Comments over
25 pages in length should be sent to Fax (202)906-6956. Comments will
be available for inspection at 1700 G Street, NW, from 9:00 a.m. until
4:00 p.m. on business days.
FDIC: Steven F. Hanft, FDIC Clearance Officer, Office of the
Executive Secretary, (202)898-3907, Federal Deposit Insurance
Corporation, 550 17th Street, NW, Washington, DC 20429. 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 7:00 a.m. and
5:00 p.m. [Fax number (202)898-3838; Internet address:
A copy of the comments may also be submitted to the OMB Desk
Officer for the agencies: Alexander T. Hunt, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
a copy of the submission may be obtained by contacting:
OCC: Jessie Gates, OCC Clearance Officer, (202)874-5090,
Legislative and Regulatory Activities Division; or Cheryl Martin,
Senior Licensing, Policy, and Systems Analyst, Bank Organization and
OTS: Scott Ciardi, Financial Analyst, Corporate Activities,
(202)906-6960, or Frances Augello, Senior Counsel, Business
Transactions Division, (202)906-6151. Copies of the forms with
instructions are available for inspection at 1700 G Street, NW, from 9
a.m. until 4 p.m. on business days or from PubliFax, OTS' Fax-on-Demand
system, at (202)906-5660.
FDIC: Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907.
SUPPLEMENTARY INFORMATION: Request to extend for three years with major
revision the following currently approved collections of information.
Title: Interagency Bank Merger Act Application.
OCC's Title: Comptroller's Corporate Manual. The specific portions
of the Comptroller's Corporate Manual covered by this notice are those
that pertain to the Business Combination Application, Director Waivers,
certain disclosures, and various portions to which the OCC is making
technical clarifying changes.
OTS: 1639 (formerly 1588)
FDIC: 6220/01 and 6220/07
Abstract: This submission covers a revision to make uniform among
the Agencies the merger application forms for both affiliated and
nonaffiliated institutions. The form name is the Interagency Bank
Merger Act Application. The Agencies need the information collected to
insure that the proposed transactions are permissible under law and
regulation and are consistent with safe and sound banking practices.
The Agencies are required, for example, under the Bank Merger Act, to
consider financial and managerial resources, future prospects,
convenience and needs of the community, community reinvestment, and
Some agencies will collect limited supplemental information in
certain cases. For example, the OCC and OTS will collect information
regarding Community Reinvestment Act commitments, and all agencies will
require additional information on the competitive impact of proposed
mergers under separate instructions.
Further, the OCC is correcting its information collection inventory
to cover certain disclosures required in the Manual. This is an
administrative adjustment, and does not change, in any way, the
requirements on national banks. Further, the OCC is making a change to
its Director Waiver's booklet of the Comptroller's Corporate Manual,
adding information regarding residency waivers and retitling the
booklet from Citizenship Waiver to Director Waivers. Finally, the OCC
is making technical and clarifying changes to various Manual booklets.
These changes are not material. The changes are technical in nature.
Current Actions: A task force of the Federal Financial Institutions
Examination Council (FFIEC) has adapted, reformatted, and retitled the
collection: Interagency Bank Merger Act Application, pursuant to the
Riegle Community Development and Regulatory Improvement Act of 1994
(CDRI). Comments were solicited in the Federal Register on January 21,
1998 (63 FR 3182). The agencies received five comments on the form. The
are summarized in each agency's OMB submission.
Type of Review: Revision of a currently approved collection.
Frequency of Response: On occasion.
Affected Public: Businesses or other for-profit; individuals or
BMA, Nonaffiliate--3,320; Affiliate--4,520. Total: 7,840 burden
Director Waivers, Citizenship: 9; Residency: 28.
Nonaffiliate--1,800; Affiliate--90. Total: 1,890 burden hours.
Nonaffiliate--7,200; Affiliate--5,220. Total: 12,420 burden hours.
General Description of Report: This information collection is
mandatory. 12 U.S.C. 1828(c).
Comments are invited on: (a) whether the proposed revisions to the
following collection of information is necessary for the proper
performance of the Agencies' functions, including whether the
information has practical utility; (b) the accuracy of the Agencies'
estimate of the burden of the information collections as they are
proposed to be revised, including the validity of the methodology and
assumptions used; (c) ways to enhance the quality, utility, and clarity
of the information to be collected; (d) ways to minimize the burden of
information collection on respondents, including through the use of
automated collection techniques or other forms of information
technology; and (e) estimates of capital or startup costs and costs of
operation, maintenance, and purchase of services to provide the
required information. Comments submitted in response to this notice are
summarized in each Agency's OMB submission. All comments will become a
matter of public record.
Dated: August 24, 1998.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
Dated at Washington, D.C., this 17th day of September, 1998.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Dated: August 24, 1998.
By the Office of Thrift Supervision.
Catherine C. Teti,
Director, Records Management and Information Policy.
[FR Doc. 98-29466 Filed 11-3-98; 8:45 am]
BILLING CODE 4810-33-P (34%); 6714-01-P (33%); 6720-01-P (33%)