SUMMARY: In accordance with requirements of the Paperwork Reduction Act
of 1995 (44 U.S.C. Chapter 35), the FDIC hereby gives notice that it
plans to submit to the Office of Management and Budget a request for
OMB review and approval of the information collection system described
Type of Review: Renewal of currently approved collection.
Title: Application For Consent To Reduce or Retire Capital.
Form Number: None.
OMB Number: 3064-0079.
Number of applications: 120.
Hours to prepare an application: 1.
Total annual burden hours: 120.
Expiration Date of OMB Clearance: October 31, 1997.
OMB Reviewer: Alexander T. Hunt, (202) 395-7860, Office of
Management and Budget, Office of Information and Regulatory Affairs,
Washington, D.C. 20503.
FDIC Contact: Steven F. Hanft, (202) 898-3907, Office of the
Executive Secretary, Room F-4080, Federal Deposit Insurance
Corporation, 550 17th Street N.W., Washington, D.C. 20429.
Comments: Comments on this collection of information are welcome
and should be submitted on or before November 3, 1997, to both the
OMB reviewer and the FDIC contact listed above.
ADDRESSES: Information about this submission including copies of the
proposed collection of information, may be obtained by calling or
writing the FDIC contact listed above.
SUPPLEMENTARY INFORMATION: This collection requires insured state
nonmember banks that propose to change their capital structure to
submit an application containing information about the proposed change
in order to obtain FDIC's consent to reduce or retire capital. The FDIC
evaluates the information contained in the letter application in
relation to statutory considerations and makes a decision to grant or
to withhold consent.
Dated: September 30, 1997.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
[FR Doc. 97-26238 Filed 10-2-97; 8:45 am]
BILLING CODE 6714-01-M