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
Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting
comments concerning an information collection titled ``Application
Pursuant to Section 19 of the Federal Deposit Insurance Act.''
DATES: Comments must be submitted on or before May 19, 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 Pursuant to Section 19 of the Federal Deposit Insurance
Act.'' 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:
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 identified above.
SUPPLEMENTARY INFORMATION: Proposal to renew the following currently
approved collection of information:
Title: Application Pursuant to Section 19 of the Federal Deposit
OMB Number: 3064-0018.
Frequency of Response: Occasional.
Affected Public: Insured depository institutions that desire to
have a person who has been convicted of a crime involving dishonesty or
breach of trust to participate in the conduct of the affairs of the
Estimated Number of Respondents: 80.
Estimated Time per Response: 16 hours.
Estimated Total Annual Burden: 1,280 hours.
General Description of Collection: Section 19 of the Federal
Deposit Insurance Act (12 USC 1829) requires the FDIC's consent prior
to participation by a person who has been convicted of a crime
involving dishonesty or breach of trust in the affairs of an insured
depository institution. To obtain the FDIC's consent to hire a
convicted person, an insured depository institution must submit an
application on FDIC Form 6710/07 which requests biographical
information about the person, information about the conviction(s), and
information about the prospective position to be held by the person.
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 14th day of March, 1997.
Federal Deposit Insurance Corporation.
Jerry L. Langley,
[FR Doc. 97-6994 Filed 3-19-97; 8:45 am]
BILLING CODE 6714-01-M