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FDIC Federal Register Citations

[Federal Register: June 3, 2004 (Volume 69, Number 107)]
[Page 31376-31377]
From the Federal Register Online via GPO Access []



Agency Information Collection Activities: Renewal of an
Information 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 for Waiver of Prohibition on Acceptance of
Brokered Deposits by Adequately Capitalized Insured Institutions; (2)
Real Estate Lending Standards; (3) Management Official Interlocks.

DATES: Comments must be submitted on or before August 2, 2004.

ADDRESSES: Interested parties are invited to submit written comments to
Leibella A. Unciano, Legal Division (202) 898-3738, Federal Deposit
Insurance Corporation, 550 17th Street NW., Washington, DC 20429.
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.
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, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Leibella A. Unciano, at the address
identified above.


Proposal to Renew the Following Currently Approved Collections of

1. Title: Application for Waiver of Prohibition on Acceptance of
Brokered Deposits by Adequately Capitalized Insured Institutions.
OMB Number: 3064-0099.
Frequency of Response: On occasion.
Affected Public: Any depository institution seeking a waiver to the
prohibition on the acceptance of brokered deposits.
Estimated Number of Respondents: 30.
Estimated Time per Response: 6 hours.
Total Annual Burden: 180 hours.
General Description of Collection: Section 29 of the Federal
Deposit Insurance Act prohibits undercapitalized insured depository
institutions from accepting, renewing, or rolling over any brokered
deposits. Adequately capitalized institutions may do so with a waiver
from the FDIC, while well-capitalized institutions may accept, renew,
or roll over brokered deposits without restriction.

2. Title: Real Estate Lending Standards.
OMB Number: 3064-0112.
Frequency of Response: On occasion.
Affected Public: Any financial institution engaging in real estate
Estimated Number of Respondents: 5,300.
Estimated Time per Response: 20 hours.
Total Annual Burden: 106,000 hours.
General Description of Collection: Institutions will use real
estate lending policies to guide their lending operations in a manner
that is consistent with safe and sound banking practices and
appropriate to their size, nature and scope of their operations. These
policies should address certain lending considerations, including loan-
to-value limits, loan administration policies, portfolio
diversification standards, and documentation, approval and reporting

3.Title: Management Official Interlocks.
OMB Number: 3064-0118.
Frequency of Response: On occasion.
Affected Public: Management officials of insured nonmember banks
and their affiliates.
Estimated Number of Respondents: 2.
Estimated Time per Response: 4 hours.
Total Annual burden: 8 hours.
General Description of Collection: The collection is associated
with the FDIC's Management Official Interlocks

[[Page 31377]]

regulation, 12 CFR part 348, which implements the Depository
Institution Management Interlocks Act (DIMIA). DIMIA generally
prohibits bank management officials from serving simultaneously with
two unaffiliated depository institutions or their holding companies but
allows the FDIC to grant exemptions in appropriate circumstances.

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 27th day of May, 2004.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 04-12504 Filed 6-2-04; 8:45 am]



Last Updated 06/03/2004

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