97-18214. Agency Information Collection Activities: Proposed Collection; Comment Request  

  • [Federal Register Volume 62, Number 133 (Friday, July 11, 1997)]
    [Notices]
    [Pages 37257-37258]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 97-18214]
    
    
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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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    SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork 
    and respondent burden, invites the general public and other Federal 
    agencies to take this opportunity to comment on proposed and/or 
    continuing information collections, as required by the Paperwork 
    Reduction Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is 
    soliciting comments concerning an information collection titled 
    ``Independent Audits.''
    
    DATES: Comments must be submitted on or before September 9, 1997.
    
    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.,
    
    [[Page 37258]]
    
    Washington, D.C. 20429. Comments may be hand-delivered to the guard 
    station at the rear of the 17th Street building (located on F Street), 
    on business days between 7:00 a.m. and 5:00 p.m. (Fax number (202) 898-
    3838; Internet address: comments@fdic.gov]). All comments should refer 
    to ``Independent Audits.''
        A copy of the comments may also be submitted to the OMB desk 
    officer for the FDIC: Alexander Hunt, 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: Independent Audits.
        OMB Number: 3064-0113.
        Frequency of Response: Annual and occasional.
        Estimated Number of Respondents: 420
        Estimated Number of Responses per Respondent: 3.
        Estimated Total Annual Responses: 1,260.
        Estimated Time per Response: 32 hours.
        Estimated Total Annual Burden: 40,320 hours.
        General Description of the Collection: The FDIC's regulation 12 CFR 
    Part 363 implements section 36 of the Federal Deposit Insurance Act, 
    which is generally intended to facilitate early identification of 
    problems in financial management at larger insured institutions (those 
    with assets of $500 million or more) through annual independent audits, 
    assessments of the effectiveness of internal controls and compliance 
    with designated laws and regulations and more stringent reporting 
    requirements. This collection of information, currently approved by OMB 
    through September 30, 1998, would be modified to delete a requirement 
    that respondents comply with Schedule A to Appendix A of Part 363, 
    ``Agreed Upon Procedures for Determining Compliance with Designated 
    Laws.''
        Request for Comment: 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 estimates 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 the information collection on respondents, including through the use 
    of automated collection techniques or other forms of information 
    technology.
        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 submitted in response to this notice also 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.
    
        Dated at Washington, DC, this 8th day of July, 1997.
    
    Federal Deposit Insurance Corporation.
    Steven F. Hanft,
    Assistant Executive Secretary.
    [FR Doc. 97-18214 Filed 4-10-97; 8:45 am]
    BILLING CODE 6714-01-M
    
    
    

Document Information

Published:
07/11/1997
Department:
Federal Deposit Insurance Corporation
Entry Type:
Notice
Action:
Notice and request for comment.
Document Number:
97-18214
Dates:
Comments must be submitted on or before September 9, 1997.
Pages:
37257-37258 (2 pages)
PDF File:
97-18214.pdf