02-6951. Agency Information Collection Activities: Submission for OMB Review; Comment Request

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 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.

Type of Review: Renewal of a currently approved collection.

Title: Flood Insurance.

OMB Number: 3064-0120

Annual Burden:

Estimated annual number of respondents/recordkeepers: 5,700

Estimated number of covered transactions: 180,000

Estimated reporting hours: 9,000

Estimated recordkeeping hours: 5,700

Estimated total annual reporting and recordkeeping burden hours: 14,700

Estimated average annual burden hours per respondent/recordkeeper: 2.6 hours

Expiration Date of OMB Clearance: April 30, 2002.

OMB Reviewer: Alexander T. Hunt, [phone], Office of Management and Budget, Office of Information and Regulatory Affairs, Washington, D.C. 20503.

FDIC Contact: Tamara R. Manly, [phone], Office of the Executive Secretary, Room F-4058, Federal Deposit Insurance Corporation, 550 17th Street N.W., Washington, D.C. 20429.

Comments: Comments on this collection of information are welcome and should be submitted on or before April 22, 2002, to both the OMB reviewer and the FDIC contact listed above.

ADDRESSES:

Information about this submission, including copies of the proposed collection of information, may be obtained by calling or writing the FDIC contact listed above.

SUPPLEMENTARY INFORMATION:

Each supervised lending institution is currently required to provide a notice of special flood hazards to a borrower acquiring a loan secured by a building on real property 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).

Dated: March 18, 2002.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.