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FDIC Federal Register Citations

[Federal Register: January 10, 1997 (Volume 62, Number 7)]
[Page 1455-1456]
From the Federal Register Online via GPO Access []
Proposed Agency Information Collection Activities; Comment
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
BACKGROUND: In accordance with the requirements of the Paperwork 
Reduction Act of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct 
or sponsor, and the 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 
Office of Management and Budget (OMB) control number. A proposed 
revision of the following currently approved collection of information 
is hereby published for comment. 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 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 estimate 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 information collection on respondents, including through 
the use of automated collection techniques or other forms of 
information technology.
DATES: Comments must be submitted on or before March 11, 1997.
ADDRESSES: Interested parties are invited to submit written comments to 
Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907, Office of the 
Executive Secretary, Federal Deposit Insurance Corporation, 550 17th 
Street N.W., Washington, D.C. 20429. All comments should refer to the 
OMB control number 3064-0122. Comments may be hand-delivered to Room F-
400, 1776 F Street, N.W., Washington, D.C. 20429, on business days 
between 8:30 a.m. and 5:00 p.m. [FAX number (202) 898-3838; Internet 
    A copy of the comments may also be submitted to the OMB desk 
officer for the agencies: Alexander Hunt, Project 3064-0122, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
New Executive Office Building, Room 3208, Washington, D.C. 20503.
FOR FURTHER INFORMATION CONTACT: Steven F. Hanft, at the address 
identified above.
Proposal To Revise the Following Currently Approved Collection of 
    Title: Forms Relating to FDIC Outside Counsel Services Contracting.
    Form Number: FDIC 1600/05, FDIC 5200/01.
    OMB Number: 3064-0122.
    Frequency of Response: On occasion.
    Affected Public: Law firms wishing to do business with the FDIC and 
those under contract with the FDIC.
    Estimated Number of Respondents: FDIC Form 1600/05--2,500; FDIC 
Form 5200/01--500.
    Estimated Time per Response: FDIC Form 1600/05--.5 hours; FDIC Form 
5200/01--1.25 hours.
    Estimated Annual Burden: The OMB previously approved an information 
collection for FDIC outside counsel budgeting and invoicing with an 
annual burden of 3,804 hours under OMB No. 3064-0122 (November 25, 
1996). The estimated additional burden imposed by FDIC Form 1600/05 is 
1,250 burden hours and by FDIC Form 5200/01 is 625 hours, or a total 
additional burden of 1,875 hours. The annual burden, including both the 
already approved budgeting and invoicing collection of information and 
the additional request would be a total of 5,679 burden hours.
    General Description of Collection: Section 19 of the Resolution 
Trust Corporation Completion Act required the FDIC to prescribe a 
regulation to ensure that persons providing services to be FDIC meet 
minimum standards of competence, experience, integrity and fitness, and 
to govern conflicts of interest. Pursuant to that mandate, the FDIC 
established a ``Contractor Conflicts of Interest'' regulation, 12 CFR 
Part 366, that became effective April 10, 1996. The FDIC's Contractor 
Conflicts of Interest regulation requires FDIC contractors, including 
law firms covered by this collection of information, to submit 
representations and certifications about themselves and their 
employees, agents and subcontractors who will perform services under an 
FDIC contract. Law firms desiring to provide services for the FDIC will 
use Form 5200/01 to make the representations and certifications about 
themselves required by 12 CFR Part 366. Individual employees, agents 
and subcontractors will use Form 1600/05 to make representations and 
certifications about themselves, and to authorize the release of 
information about themselves so that the FDIC can verify the 
representations and certifications.
Request for Comment
    Comments submitted in response to this Notice will be summarized or 
included in the FDIC's requests to OMB for renewal of this collection. 
All comments will become a matter of public record. Written comments 
should address the accuracy of the burden
[[Page 1456]]
estimates and ways to minimize burden including the use of automated 
collection techniques or the use of other forms of information 
technology as well as other relevant aspects of the information 
collection request.
    Dated at Washington, DC, this 6th day of January 1997.
Federal Deposit Insurance Corporation.
Jerry L. Langley,
Executive Secretary.
[FR Doc. 97-563 Filed 1-9-97; 8:45 am]

Last Updated 01/10/1997

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