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FDIC Federal Register Citations

[Federal Register: March 17, 2003 (Volume 68, Number 51)]
[Page 12698]
From the Federal Register Online via GPO Access []

[[Page 12698]]


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) Application Pursuant to section 19 of the Federal Deposit 
Insurance Act; and (2) Activities and Investments of Insured State 

DATES: Comments must be submitted on or before May 16, 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.; Internet address:
    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: Application Pursuant to Section 19 of the Federal Deposit 
Insurance Act.
    OMB Number: 3064-0018.
    Form Number: 6710/07.
    Frequency of Response: On occasion.
    Affected Public: All financial institutions.
    Estimated Number of Respondents: 14.
    Estimated Time per Response: 16 hours.
    Total Annual Burden: 224 hours.
    General Description of Collection: Section 19 of the Federal 
Deposit Insurance Act requires insured depository institutions to 
obtain the FDIC's consent prior to any participation in their affairs 
by a person convicted of crimes involving dishonesty or breach of 
trust. Form 6710/07 is the vehicle for requesting FDIC consent.
    2. Title: Activities and Investments of Insured State Banks.
    OMB Number: 3064-0111.
    Frequency of Response: On occasion.
    Affected Public: All financial institutions.
    Estimated Number of Respondents: 130.
    Estimated Time per Response: 8 hours.
    Total Annual Burden: 1,040 hours.
    General Description of Collection: Part 362 of the FDIC's rules and 
regulations, implement the provisions of section 24 of the Federal 
Deposit Insurance Act that restrict and prohibit insured state banks 
and their subsidiaries from engaging in activities and investments that 
are not permissible for national banks and their subsidiaries. The 
collection of information involves banks or their subsidiaries desiring 
to engage in activities that would be impermissible absent the FDIC's 
consent or nonobjection.

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 12th day of March, 2003.

    Federal Deposit Insurance Corporation
Robert E. Feldman,
Executive Secretary.
[FR Doc. 03-6276 Filed 3-14-03; 8:45 am]

Last Updated 03/17/2003

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