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 an information collection titled
``Application for Federal Deposit Insurance.''
DATES: Comments must be submitted on or before June 2, 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
``Application for Federal Deposit Insurance.'' 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 address: Comments@fdic.gov].
A copy of the comments may also be submitted to the OMB desk
officer for the FDIC: Alexander Hunt, 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
SUPPLEMENTARY INFORMATION: Proposal to renew the following currently
approved collection of information:
Title: Application for Federal Deposit Insurance (FDIC Form 6200/
OMB Number: 3064-0001.
Frequency of Response: Occasional.
Affected Public: Any depository institution engaged in the business
of receiving deposits other than trust funds that requests Federal
Estimated Number of Respondents: 200.
Estimated Time per Response: 250 hours.
Estimated Total Annual Burden: 50,000 hours.
General Description of Collection: Consistent with the requirements
of Section 5 of the Federal Deposit Insurance Act (12 U.S.C. 1815), the
Application for Federal Deposit Insurance requests information from a
depository institution relating to its financial history and condition;
capital structure adequacy; future earnings prospects, the general
character and fitness of its management; the risk it presents to the
insurance funds; the convenience and needs of the community to be
served; and the consistency of its corporate powers.
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
this collection. All comments will become a matter of public record.
Dated at Washington, D.C., this 26th day of March 1997.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Deputy Executive Secretary.
[FR Doc. 97-8178 Filed 3-31-97; 8:45 am]
BILLING CODE 6714-01-M