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FDIC Federal Register Citations

[Federal Register: February 19, 2004 (Volume 69, Number 33)] 
[Federal Register: January 10, 2005 (Volume 70, Number 6)]
[Page 1717]
From the Federal Register Online via GPO Access []

[[Page 1717]]



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

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collections to be submitted to OMB for
review and approval under the Paperwork Reduction Act of 1995.


SUMMARY: In accordance with requirements of the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it
plans to submit to the Office of Management and Budget (OMB) a request
for OMB review and approval of the two information collection systems
described below.

DATES: Comments must be submitted on or before February 9, 2005.

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 of the collection. 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.


Proposal to Renew the Following Currently Approved Collections of

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: 193.
Estimated Time per Response: 125 hours.
Total Annual Burden: 24,125 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 listed 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
technology. All comments will become a matter of public record.

Dated at Washington, DC, this 5th day of January, 2005.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 05-439 Filed 1-7-05; 8:45 am]


Last Updated 01/10/2005

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