[Federal Register Volume 60, Number 246 (Friday, December 22, 1995)]
[Notices]
[Pages 66549-66550]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-31142]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Proposed Agency Information Collection Activities; Comment
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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BACKGROUND: A proposed renewal of the following currently approved
collection of information is hereby published for comment. At the end
of the comment period, the comments and recommendations received will
be analyzed to determine the extent to which the collection should be
modified prior to submission to OMB for review and approval. Comments
are invite on: (a) Whether the collection 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 information collection on respondents,
including through the use of automated collection techniques or other
forms of information technology.
DATES: Comments must be submitted on or before February 20, 1996.
ADDRESSES: Interested parties are invited to submit written comments to
Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907, Office of the
Executive Secretary, Federal Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429. All comments should refer to the OMB
control number 3064-0114. Comments may be hand-delivered to Room F-400,
1776 F Street NW, Washington, DC 20429, on business days between 8:30
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 FDIC: Milo Sunderhauf, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: Steven F. Hanft, at the address
identified above.
SUPPLEMENTARY INFORMATION:
Proposed To Revise the Following Currently Approved Collections of
Information
Title: Activities of State-Licensed, Insured Branches of Foreign
Banks.
Form Number: None.
OMB Number: 3064-0114.
Frequency of Response: On occasion.
Affected Public: State-licensed branches of insured banks.
Estimated Number of Respondents: 32.
Estimated Time per Response: 8 burden hours.
Estimated Total Annual Burden: 256 burden hours.
General Description of Collection: Section 202 of the Federal
Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) imposes
restrictions on the permissible activities of state-licensed branches
of foreign banks. The statute provides that after December 19, 1992, a
state-licensed branch of a foreign bank may not engage in any activity
which is not permissible for a federal branch of a foreign bank unless
(1) ( the Board of Governors of the Federal Reserve has determined that
the activity is consistent with safe and sound banking practice, and
(2) the FDIC has determined that the activity would pose no risk to the
deposit insurance fund. The collection of information consists of
procedures to apply for permission to engage in, or continue to engage
in, an activity which is not permissible for a federal branch of a
foreign bank, and the submission of a plan to discontinue those
activities that are deemed to pose significant risk to the deposit
insurance fund. This collection is contained in the FDIC's regulations
at 12 CFR part 346.
Request for Comment
Comments submitted in response to this Notice will be summarized or
included in the FDIC's request for OMB approval. All comments will
become a matter of public record. Written comments should address the
accuracy of the burden estimates and ways to minimize burden including
the use of automated collection techniques or the use of other forms of
information technology as well as other relevant aspects of the
information collection request.
[[Page 66550]]
Dated at Washington, DC, this 18th day of December 1996.
Federal Deposit Insurance Corporation.
Jerry L. Langley,
Executive Secretary.
[FR Doc. 95-31142 Filed 12-21-95; 8:45 am]
BILLING CODE 6714-01-M
