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FDIC Federal Register Citations

[Federal Register: February 11, 2004 (Volume 69, Number 28)]
[Page 6665-6666]
From the Federal Register Online via GPO Access []




Office of Thrift Supervision

Agency Information Collection Activities: Submission to OMB for
Review; Comment Request

AGENCIES: Federal Deposit Insurance Corporation (FDIC); Office of
Thrift Supervision (OTS), Treasury.

ACTION: Joint notice of information collection to be submitted to OMB
for review and approval under the Paperwork Reduction Act of 1995.


SUMMARY: As part of their continuing effort to reduce paperwork burden
in accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. 3501
et seq.), the FDIC and OTS (collectively, the Agencies) hereby give
notice that they plan to submit to the Office of Management and Budget
(OMB) a request for OMB review and approval of revisions to the
information collection described below. The Agencies may not conduct or
sponsor, and a respondent is not required to respond to, an information
collection unless it displays a currently valid Office of Management
and Budget (OMB) control number.

FDIC: Beneficial Ownership Reports.
OTS: '34 Act Disclosures

OMB Control Numbers:
FDIC: 3064-0030.
OTS: 1550-0019.

Form Numbers:
FDIC: SEC 3, 4, and 5.

[[Page 6666]]

OTS: SEC Schedules 13D, 13G, 14A, 14C, 14D-1, and TO; SEC Forms 3,
4, 5, 10, 10-SB, 10-K, 10-KSB, 8-K, 8-A, 12b-25, 10-Q, 10-QSB, 15, and
annual report.

Expiration of current OMB clearance:
FDIC: August 31, 2006.
OTS: March 31, 2004.

Affected Public:
FDIC: Directors, officers and principal shareholders of insured
financial institutions (insiders).
OTS: Directors, officers and principal shareholders of insured
financial institutions (insiders); savings associations.

DATES: Comments should be submitted by March 12, 2004.

ADDRESSES: Comments should be directed to the Agencies and the OMB Desk
Officer for the Agencies as follows:
FDIC: Steven F. Hanft, Paperwork Clearance Officer, Legal Division,
Room MB-3064, Federal Deposit Insurance Corporation, 550 17th Street,
NW., Washington, DC 20429. All comments should refer to ``beneficial
ownership reports.'' Comments may be hand-delivered to the guard
station at the rear of the 550 17th Street Building (located on F
Street), on business days between 7 a.m. and 5 p.m. Commenters are
encouraged to submit comments by fax or electronic mail (FAX number:
(202) 898-3838; e-mail:
OTS: Information Collection Comments, Chief Counsel's Office,
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552,
Attention: 1550-0019, FAX number (202) 906-6518, or e-mail to OTS will post comments and the
related index on the OTS Internet Site at In

addition, interested persons may inspect comments at the Public Reading
Room, 1700 G Street, NW., by appointment. To make an appointment, call
(202) 906-5922, send an e-mail to, or send a
facsimile transmission to (202) 906-7755.
OMB Desk Officer for the Agencies: Joseph F. Lackey, Jr., Office of
Information and Regulatory Affairs, Office of Management and Budget,
New Executive Office Building, Room 10235, Washington, DC 20503, or e-
mail to

FOR FURTHER INFORMATION CONTACT: You may request additional information

FDIC: Steven F. Hanft, Paperwork Clearance Officer, (202) 898-3907,
Legal Division, Federal Deposit Insurance Corporation, 550 17th Street,
NW., Washington, DC 20429.
OTS: Marilyn K. Burton, OTS Clearance Officer, (202) 906-6467, Office
of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.

SUPPLEMENTARY INFORMATION: The change to this collection requested by
the Agencies concerns the filing method for reports of beneficial
ownership by insiders whose equity securities are registered with the
Agencies. In the past, the Agencies have required paper filings. The
Securities Exchange Act of 1934 (``Exchange Act''), as amended by the
Sarbanes-Oxley Act of 2002, changed this requirement to electronic
filing. Currently, the Agencies are authorizing voluntary electronic
filing through an electronic system, which has been available since
July 30. Electronic filing will be made mandatory by a separate, later
action by the Agencies. The new electronic system is an important step
in the Agencies' ongoing efforts to streamline the filing and retrieval
of reports filed with the Agencies under the Securities Exchange Act of
1934. It will also reduce burden on insiders who must file these
reports within two business days of completing a transaction in equity
securities of the institution.
Additionally, OTS collects other periodic disclosure documents
required to be filed by savings associations pursuant to the Exchange
Act on forms promulgated by the U.S. Securities and Exchange Commission
for its registrants. OTS seeks public comment on its proposed renewal
of this collection, in addition to the planned change in filing method
for reports of beneficial ownership.
The Agencies' burden estimates follow.
Burden Estimates:
Estimated Number of Respondents:
FDIC: 1,333.
OTS: 16.
Estimated Number of Responses:
FDIC: 1,800.
OTS: 401.
Estimated Annual Burden Hours:
FDIC: 1,100 hours.
OTS: 66,567 hours.
Frequency of Response:
FDIC: On occasion.
OTS: On occasion; quarterly; annually.
Comments: All comments submitted in response to this notice will
become a matter of public record. Comments are invited on:
(a) Whether the collection is necessary for the proper performance
of the functions of the agency, including whether the information has
practical utility;
(b) The accuracy of the agency's estimate of the burden of the
collection of information;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of the collection on respondents,
including through the use of automated collection techniques or other
forms of information technology; and
(e) Estimates of capital or startup costs and costs of operation,
maintenance, and purchase of services to provide information.

Dated at Washington, DC, this 5th day of February, 2004.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.

Dated: February 5, 2004.

By the Office of Thrift Supervision.
Richard M. Riccobono,
Deputy Director.
[FR Doc. 04-2944 Filed 2-10-04; 8:45 am]
BILLING CODE 6714-01-P; 6720-01-P


Last Updated 02/11/2004

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