96-13782. Agency Insurance Collection Activities: Submission for OMB Review; Comment Request

[Federal Register Volume 61, Number 107 (Monday, June 3, 1996)]
[Notices]
[Page 27875]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-13782]



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FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Insurance Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice of information collection to be submitted to OMB for 
review and approval under the Paperwork Reduction Act of 1995.

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SUMMARY: In accordance with requirements of the Paperwork Reduction Act 
of 1995 (44 U.S.C. Chapter 35), the FDIC hereby gives notice that it 
plans to submit to the Office of Management and Budget a request for 
OMB review of the information collection system described below.
    Type of Review: Renewal without change in the substance or method 
of collection.
    Title: Prompt Corrective Action.
    Form Number: None.
    OMB Number: 3064-0115.
    Expiration Date of OMB Clearance: June 30, 1996.
    OMB Reviewer: Milo Sunderhauf, [phone], Office of Management 
and Budget, OIRA, Paperwork Reduction Project (3064-0115), 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 NW., Washington, D.C. 20429.
    Comments: Comments on this collection of information are welcome 
and should be submitted on or before July 3, 1996.

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: 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.

Federal Deposit Insurance Corporation
Robert E. Feldman,
Deputy Executive Secretary.
[FR Doc. 96-13782 Filed 5-31-96; 8:45 am]
BILLING CODE 6714-01-M