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FDIC Federal Register Citations

[Federal Register: October 5, 2004 (Volume 69, Number 192)]
[Page 59596]
From the Federal Register Online via GPO Access []



Agency Information Collection Activities: Proposed Collections;
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 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 Charter and Federal Deposit Insurance Application, and (2)
Notice of Branch Closure.

DATES: Comments must be submitted on or before December 6, 2004.

ADDRESSES: Interested parties are invited to submit written comments to
Steven F. Hanft (202-898-3907), Paperwork Clearance Officer, Room MB-
3064, 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].
A copy of the comments may also be submitted to the OMB desk
officer for the FDIC: Mark Menchik, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Steven F. Hanft, at the address
identified above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently
approved collections of information:
1. Title: Interagency Charter and Federal Deposit Insurance
OMB Number: 3064-0001.
Frequency of Response: On occasion.
Affected Public: Banks or savings associations wishing to become
FDIC-insured depository institutions.
Estimated Number of Respondents: 200.
Estimated Time per Response: 125 hours.
Total Annual Burden: 25,000 hours.
General Description of Collection: The Interagency Charter and
Federal Deposit Insurance Application is used by the FDIC as a deposit
insurance application, and by the OCC and OTS as a charter application.
Applications for deposit insurance must provide sufficient information
to permit the FDIC to consider certain factors which are listsed in
Section 6 of the FDI Act. These factors include: the financial history
and condition of the depository institution, the adequacy of its
capital structure, its future earnings prospects, the general character
and fitness of its management, the risk it presents to the relevant
insurance fund, the convenience and needs of the community to be
served, and the consistency of its corporate powers. All depository
institutions seeking insurance must follow the same procedures.
2. Title: Notice of Branch Closure.
OMB Number: 3064-0109.
Frequency of Response: On occasion.
Affected Public: Insured depository institutions.
Estimated Number of Respondents: 1,364.
Estimated Time per Response: 2.4 hours.
Total Annual Burden: 3,028 hours.
General Description of Collection: An institution proposing to
close a branch must notify its primary regulator no later than 90 days
prior to the closing. Each FDIC-insured institution must adopt policies
for branch closings. This collection covers the requirements for
notice, and for policy adoption.

Request for Comment

Comments are invited on: (a) Whether these two collections of
information are 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
collections, including the validity of the methodologies 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 collections on respondents, including through the
use of automated collection techniques or other forms of information
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the
collections 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 30th day of September 2004.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 04-22367 Filed 10-4-04; 8:45 am]


Last Updated 10/05/2004

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