95-14416. Information Collection Submitted to OMB for Review

[Federal Register Volume 60, Number 113 (Tuesday, June 13, 1995)]
[Notices]
[Pages 31155-31156]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-14416]



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FEDERAL DEPOSIT INSURANCE CORPORATION


Information Collection Submitted to OMB for Review

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice of information collection submitted to OMB for review 
and [[Page 31156]] approval under the Paperwork Reduction Act of 1980.

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SUMMARY: In accordance with requirements of the Paperwork Reduction Act 
of 1980 (44 U.S.C. Chapter 35), the FDIC hereby gives notice that it 
has submitted to the Office of Management and Budget a request for OMB 
review of the information collection system described below.
    Type of Review: Extension of the expiration date of a currently 
approved collection without any change in the substance or method of 
collection.
    Title: Application for Waiver of Prohibition on Receipt of Brokered 
Deposits by Adequately Capitalized Depository Institutions/Registration 
of Deposit Brokers.
    Form Number: N/A.
    OMB Number: 3064-0099.
    Expiration Date of OMB Clearance: July 31, 1995.
    Frequency of Response: On occasion.
    Respondents: Insured depository institutions wishing to accept 
brokered deposits.
    Number of Respondents: 175.
    Annual Hours per Respondent: 2.2.
    Total Annual Hours: 385.
    OMB Reviewer: Milo Sunderhauf, [phone], Office of Management 
and Budget, Paperwork Reduction Project (3064-0099), Washington, D.C. 
20503.
    FDIC Contact: Steven F. Hanft, [phone], Office of the 
Executive Secretary, Room F-400, 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 before August 14, 1995.

ADDRESSES: A copy of the submission may be obtained by calling or 
writing the FDIC contact listed above. Comments regarding the 
submission should be addressed to both the OMB reviewer and the FDIC 
contact listed above.

SUPPLEMENTARY INFORMATION: Section 29 of the Federal Deposit Insurance 
Act prohibits undercapitalized institutions from accepting, renewing, 
or rolling over any brokered deposits. Adequately capitalized 
institutions may do so with a waiver from the FDIC, while well 
capitalized institutions may accept, renew, or roll over brokered 
deposits without restriction. Section 29A requires notification by 
deposit brokers of their activity and authorizes the imposition of 
certain recordkeeping and reporting requirements.

    Dated: June 7, 1995.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Acting Executive Secretary.
[FR Doc. 95-14416 Filed 6-12-95; 8:45 am]
BILLING CODE 6714-01-M