[Federal Register Volume 61, Number 65 (Wednesday, April 3, 1996)]
[Notices]
[Page 14782]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-8115]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection;
Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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BACKGROUND: In accordance with the requirements of the Paperwork
Reduction Act of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct
or sponsor, and the 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
Office of Management and Budget (OMB) control number. 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 invited 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 June 3, 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 3064-0115. 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 agencies: Milo Sunderhauf, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, D.C. 20503.
FOR FURTHER INFORMATION CONTACT:
Steven F. Hanft, at the address identified above.
SUPPLEMENTARY INFORMATION:
Proposal To Renew the Following Currently Approved Collection of
Information
Title: Prompt Corrective Action.
Form Number: N/A.
OMB Number: 3064-0115.
Frequency of Response: On occasion.
Affected Public: FDIC-insured institutions.
Estimated Number of Respondents: 50.
Estimated Time per Response: 4 hours.
Estimated Total Annual Burden: 200 burden hours.
General Description of Collection: The Prompt Corrective Actions
provisions of the Federal Deposit Insurance Corporation Improvement Act
of 1991 (FDICIA, section 131) require or permit the FDIC and other
federal banking agencies to take certain supervisory actions when the
FDIC-insured institutions fall within one of five capital categories.
They also restrict or prohibit certain activities and require the
submission of a capital restoration plan when an insured institution
becomes undercapitalized. Various provisions of the statute and the
FDIC's implementing regulations require the prior approval of the FDIC
before an FDIC-supervised institution can engage in certain activities,
or allow the FDIC to make exceptions to restrictions that would
otherwise be imposed. This collection consists of the applications that
are required to obtain the FDIC's prior approval.
Request for Comment
Comments submitted in response to this Notice will be summarized or
included in the FDIC's requests to OMB for renewal of this collection.
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.
Dated at Washington, DC., this 28th day of March, 1996.
Federal Deposit Insurance Corporation.
Jerry L. Langley,
Executive Secretary.
[FR Doc. 96-8115 Filed 4-2-96; 8:45 am]
BILLING CODE 6714-01-M
