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Each depositor insured to at least $250,000 per insured bank

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FDIC Federal Register Citations

[Federal Register: November 22, 2002 (Volume 67, Number 226)]
[Page 70431-70432]
From the Federal Register Online via GPO Access []



Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.


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 the following collections of information 
titled: (1) Interagency Notice of Change in Control; and (2) Asset 
Purchaser Eligibility.

DATES: Comments must be submitted on or before January 21, 2003.

ADDRESSES: Interested parties are invited to submit written comments to 
Tamara R. Manly, Management Analyst (Consumer and Compliance Unit), 
(202) 898-7453, Legal Division, Room MB-3109, Attention: Comments/
Legal, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429. All comments should refer to the OMB control 
number. Comments may be hand-delivered to the guard station at the rear 
of the 17th Street Building (located on F Street), on business days 
between 7 a.m. and 5 p.m. FAX number (202) 898-3838; Internet address: 
comments @
    A copy of the comments may also be submitted to the OMB desk 
officer for the FDIC: Joseph F. Lackey, Jr., Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10236, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Tamara R. Manly, at the address 
identified above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collections of information:

    1. Title: Interagency Notice of Change in Control.
    OMB Number: 3064-0019.
    Form Number: 6822/01.

[[Page 70432]]

    Frequency of Response: On occasion.
    Affected Public: All financial institutions.
    Estimated Number of Respondents: 40.
    Estimated Time per Response: 30 hours.
    Total Annual Burden: 1,200 hours.
    General Description of Collection: The Interagency Notice of Change 
in Control is submitted regarding any person proposing to acquire 
ownership control of an insured state nonmember bank. The information 
is used by the FDIC to determine whether the competence, experience, or 
integrity of any acquiring person, indicates that it would not be in 
the interest of the depositors of the bank or in the interest of the 
public, to permit such persons to control the bank.

    2. Title: Asset Purchaser Eligibility.
    OMB Number: 3064-0135.
    Frequency of Response: On occasion.
    Affected Public: All financial institutions.
    Estimated Number of Respondents: 2,500.
    Estimated Time per Response: 30 minutes.
    Total Annual Burden: 1,250 hours.
    General Description of Collection: The Purchaser Eligibility 
Certification implements the statutory requirement that assets held by 
the FDIC in the course of liquidating any federally insured institution 
not be sold to persons who contributed to the demise of an insured 
institution in specified ways.

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 
these collections. All comments will become a matter of public record.

    Dated at Washington, DC this 19th day of November, 2002.

Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 02-29767 Filed 11-21-02; 8:45 am]
Last Updated 11/22/2002

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