Skip Header

Federal Deposit
Insurance Corporation

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



Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations




FDIC Federal Register Citations

[Federal Register: November 4, 1998 (Volume 63, Number 213)]
[Notices]               
[Page 59625-59626]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04no98-118]
[[Page 59625]]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Office of Thrift Supervision
Federal Deposit Insurance Corporation
 
Submission for OMB Review; Comment Request
AGENCIES: Office of the Comptroller of the Currency (OCC), Office of 
Thrift Supervision (OTS), Treasury; and Federal Deposit Insurance 
Corporation (FDIC).
ACTION: Submission for OMB review; comment request.
-----------------------------------------------------------------------
SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (44 U.S.C. 35), the OCC, OTS, and FDIC hereby give notice 
that they plan to submit to the Office of Management and Budget (OMB) 
requests for review of an information collection titled: Interagency 
Bank Merger Act Application (BMA). In the case of the OCC, this 
collection is a part of the Comptroller's Corporate Manual. Also, the 
OCC is making other clarifying changes to the Comptroller's Corporate 
Manual. Additionally, the Board of Governors of the Federal Reserve 
System (Board) is reviewing the collection under its delegated 
authority from OMB and will publish a separate Federal Register Notice. 
The OCC, OTS, Board, and FDIC (collectively, the Agencies) may not 
conduct or sponsor, and respondent is not required to respond to, an 
information collection that has been extended, revised, or implemented 
on or after October 1, 1995, unless it displays a currently valid OMB 
control number.
DATES: Comments must be submitted on or before December 4, 1998.
ADDRESSES: Direct written comments as follows.
    OCC: Communications Division, Office of the Comptroller of the 
Currency, Third Floor, 250 E Street, SW, Washington, DC 20219; 
Attention: 1557-0014. Comments also may be sent by facsimile 
transmission to (202)874-5274, or by electronic mail to: 
regs.comments@occ.treas.gov. Comments will be available for inspection 
and photocopying at the OCC's Public Reference Room, 250 E Street, SW, 
Washington, DC 20219, between 9:00 a.m. and 5:00 p.m. on business days. 
Appointments for inspection of comments can be made by calling 
(202)874-5043.
    OTS: Dissemination Branch, Records Management and Information 
Policy, Office of Thrift Supervision, 1700 G Street, NW, Washington, DC 
20552, Attention 1550-0016. These submissions may be hand-delivered to 
1700 G Street, NW, from 9:00 a.m. to 5:00 p.m. on business days. They 
may be sent by facsimile transmission to (202)906-7755. Comments over 
25 pages in length should be sent to Fax (202)906-6956. Comments will 
be available for inspection at 1700 G Street, NW, from 9:00 a.m. until 
4:00 p.m. on business days.
    FDIC: Steven F. Hanft, FDIC Clearance Officer, Office of the 
Executive Secretary, (202)898-3907, 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 7:00 a.m. and 
5:00 p.m. [Fax number (202)898-3838; Internet address: 
COMMENTS@FDIC.GOV].
    A copy of the comments may also be submitted to the OMB Desk 
Officer for the agencies: Alexander T. Hunt, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
a copy of the submission may be obtained by contacting:
    OCC: Jessie Gates, OCC Clearance Officer, (202)874-5090, 
Legislative and Regulatory Activities Division; or Cheryl Martin, 
Senior Licensing, Policy, and Systems Analyst, Bank Organization and 
Structure, (202)874-5060.
    OTS: Scott Ciardi, Financial Analyst, Corporate Activities, 
(202)906-6960, or Frances Augello, Senior Counsel, Business 
Transactions Division, (202)906-6151. Copies of the forms with 
instructions are available for inspection at 1700 G Street, NW, from 9 
a.m. until 4 p.m. on business days or from PubliFax, OTS' Fax-on-Demand 
system, at (202)906-5660.
FDIC: Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907.
SUPPLEMENTARY INFORMATION: Request to extend for three years with major 
revision the following currently approved collections of information.
    Title: Interagency Bank Merger Act Application.
    OCC's Title: Comptroller's Corporate Manual. The specific portions 
of the Comptroller's Corporate Manual covered by this notice are those 
that pertain to the Business Combination Application, Director Waivers, 
certain disclosures, and various portions to which the OCC is making 
technical clarifying changes.
OMB Number
OCC: 1557-0014
OTS: 1550-0016
FDIC: 3064-0015
Form Number
OCC: None
OTS: 1639 (formerly 1588)
FDIC: 6220/01 and 6220/07
    Abstract: This submission covers a revision to make uniform among 
the Agencies the merger application forms for both affiliated and 
nonaffiliated institutions. The form name is the Interagency Bank 
Merger Act Application. The Agencies need the information collected to 
insure that the proposed transactions are permissible under law and 
regulation and are consistent with safe and sound banking practices. 
The Agencies are required, for example, under the Bank Merger Act, to 
consider financial and managerial resources, future prospects, 
convenience and needs of the community, community reinvestment, and 
competition.
    Some agencies will collect limited supplemental information in 
certain cases. For example, the OCC and OTS will collect information 
regarding Community Reinvestment Act commitments, and all agencies will 
require additional information on the competitive impact of proposed 
mergers under separate instructions.
    Further, the OCC is correcting its information collection inventory 
to cover certain disclosures required in the Manual. This is an 
administrative adjustment, and does not change, in any way, the 
requirements on national banks. Further, the OCC is making a change to 
its Director Waiver's booklet of the Comptroller's Corporate Manual, 
adding information regarding residency waivers and retitling the 
booklet from Citizenship Waiver to Director Waivers. Finally, the OCC 
is making technical and clarifying changes to various Manual booklets. 
These changes are not material. The changes are technical in nature.
    Current Actions: A task force of the Federal Financial Institutions 
Examination Council (FFIEC) has adapted, reformatted, and retitled the 
collection: Interagency Bank Merger Act Application, pursuant to the 
Riegle Community Development and Regulatory Improvement Act of 1994 
(CDRI). Comments were solicited in the Federal Register on January 21, 
1998 (63 FR 3182). The agencies received five comments on the form. The 
comments
[[Page 59626]]
are summarized in each agency's OMB submission.
    Type of Review: Revision of a currently approved collection.
    Frequency of Response: On occasion.
    Affected Public: Businesses or other for-profit; individuals or 
households.
Estimated Number of Respondents
OCC:
    BMA, Nonaffiliate--120; Affiliate--260.
    Director Waivers, Citizenship: 6; Residency: 14.
OTS:
    Nonaffiliate--60; Affiliate--5.
FDIC:
    Nonaffiliate--240; Affiliate--290.
Estimated Total Annual Responses
OCC:
    BMA, Nonaffiliate--120; Affiliate--260.
    Director Waivers, Citizenship: 6; Residency: 14.
OTS:
    Nonaffiliate--60; Affiliate--5.
FDIC:
    Nonaffiliate--240; Affiliate--290.
Estimated Total Annual Burden Hours
OCC:
    BMA, Nonaffiliate--3,320; Affiliate--4,520. Total: 7,840 burden 
hours.
    Director Waivers, Citizenship: 9; Residency: 28.
OTS:
    Nonaffiliate--1,800; Affiliate--90. Total: 1,890 burden hours.
FDIC:
    Nonaffiliate--7,200; Affiliate--5,220. Total: 12,420 burden hours.
    General Description of Report: This information collection is 
mandatory. 12 U.S.C. 1828(c).
Comments
    Comments are invited on: (a) whether the proposed revisions to the 
following collection of information is necessary for the proper 
performance of the Agencies' functions, including whether the 
information has practical utility; (b) the accuracy of the Agencies' 
estimate of the burden of the information collections as they are 
proposed to be revised, including the validity of the methodology and 
assumptions used; (c) ways to enhance the quality, utility, and clarity 
of the information to be collected; (d) ways to minimize the burden of 
information 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 the 
required information. Comments submitted in response to this notice are 
summarized in each Agency's OMB submission. All comments will become a 
matter of public record.
    Dated: August 24, 1998.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
    Dated at Washington, D.C., this 17th day of September, 1998.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
    Dated: August 24, 1998.
By the Office of Thrift Supervision.
Catherine C. Teti,
Director, Records Management and Information Policy.
[FR Doc. 98-29466 Filed 11-3-98; 8:45 am]
BILLING CODE 4810-33-P (34%); 6714-01-P (33%); 6720-01-P (33%)

Last Updated 11/4/1998 regs@fdic.gov

Skip Footer back to content