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
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
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
Estimated Time per Response: FDIC Form 1600/05--.5 hours; FDIC Form
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
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
Dated at Washington, DC, this 6th day of January 1997.
Federal Deposit Insurance Corporation.
Jerry L. Langley,
[FR Doc. 97-563 Filed 1-9-97; 8:45 am]
BILLING CODE 6714-01-M