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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: September 18, 2006 (Volume 71, Number 180)]
[Page 54656-54657]
From the Federal Register Online via GPO Access []



Agency Information Collection Activities: Submission for OMB
Review; Comment Request; 3064-0095

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collection 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
is submitting to the Office of Management and Budget (OMB) a request
for OMB review and approval of the renewal of the information
collection system described below.

DATES: Comments must be submitted on or before October 18, 2006.

ADDRESSES: Interested parties are invited to submit written comments on
the collection of information entitled: ``Procedures for Monitoring
Bank Protection Act Compliance'' (3064-0095); All comments should refer
to the name and number of the collection. Comments may be submitted by
any of the following methods:

E-mail: Include the name and number of
the collection in the subject line of the message.
Mail: Gary A. Kuiper (202.898.3877), Counsel, Federal
Deposit Insurance Corporation, Suite 3130, 550 17th Street, NW.,
Washington, DC 20429.
Hand Delivery: 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.
A copy of the comments may also be submitted to the OMB Desk
Officer for the FDIC, 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: Procedures for Monitoring Bank Protection Act Compliance.
OMB Number: 3064-0095.
Form Number: None.
Frequency of Response: On occasion.
Affected Public: Insured state nonmember banks.
Estimated Number of Respondents: 5,250.
Estimated Time per Response: 0.5 hours.
Total Annual Burden: 2,625 hours.
General Description of Collection: The Bank Protection Act of 1968
(12 U.S.C. 1881-1884) requires each Federal supervisory agency to
promulgate rules establishing minimum standards for security devices
and procedures to discourage financial crime and to assist in the
identification of persons who commit such crimes. To avoid the
necessity of constantly updating a technology-based regulation, the
FDIC takes a flexible approach to implementing this statute. It
requires each insured nonmember bank to designate a security officer
who will administer a written security program. The security program
shall: (1) Establish procedures for opening and closing for business
and for safekeeping valuables; (2) establish procedures that will
assist in identifying persons committing crimes against the bank; (3)
provide for initial and periodic training of employees in their
responsibilities under the security program; and (4) provide for
selecting, testing, operating and maintaining security devices as
prescribed in the regulation. In addition, the FDIC requires the
security officer to report at least annually to the bank's board of
directors on the effectiveness of the security program.

Request for Comment

Comments are invited on: (a) Whether these 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 estimate of the burden of the information
collections, 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 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 6th day of September, 2006.

[[Page 54657]]

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E6-15366 Filed 9-15-06; 8:45 am]


Last Updated 09/18/2006

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