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Each depositor insured to at least $250,000 per insured bank

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FDIC Federal Register Citations

[Federal Register: May 13, 2005 (Volume 70, Number 92)]
[Page 25571-25572]
From the Federal Register Online via GPO Access []



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 information collection system
described below.

DATES: Comments must be submitted on or before June 13, 2005.

ADDRESSES: Interested parties are invited to submit written comments to
Gary A. Kuiper, Counsel, (202) 942-3824, Legal Division, Federal
Deposit Insurance Corporation, 550 17th Street, NW., PA 1730-3000,
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, Room 10235, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper, at the address
identified above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently
approved collection of information:
    Title: Flood Insurance.
    OMB Number: 3064-0120.
    Frequency of Response: On occasion.
    Affected Public: Any depository institution that makes one or more
loans to be secured by a building located on property in a special
flood hazard area.
    Estimated Number of Respondents/Recordkeepers: 5,272.
    Estimated Number of Transactions: 180,000.
    Estimated Reporting Hours: .05 hours x 180,000 = 9,000.
    Estimated Recordkeeping Hours: 5,272 hours.
    Estimated Total Annual Reporting and Recordkeeping Burden Hours:
5,272 + 9,000 = 14,272 hours
    General Description of Collection: Each supervised lending
institution is currently required to provide a notice of special flood
hazards to each borrower with a loan secured by a building or mobile
home located or to be located in an area identified by the Director of
the Federal Emergency Management Administration as being subject to
special flood hazards. The Riegle Community Development Act requires
that each institution must also provide a copy of the notice to the
servicer of the loan (if different from the originating lender).

Request for Comment

    Comments are invited on: (a) Whether this collections 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 estimate 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. All comments will become a matter of public record.

[[Page 25572]]

    Dated at Washington, DC, this 9th day of May, 2005.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 05-9572 Filed 5-12-05; 8:45 am]

Last Updated 05/13/2005

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