98-20056. Agency Information Collection Activities: Submission for OMB Review; Comment Request

[Federal Register Volume 63, Number 144 (Tuesday, July 28, 1998)]
[Notices]
[Page 40284]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-20056]


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FEDERAL DEPOSIT INSURANCE CORPORATION


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.

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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: Notice of Branch Closure.
    OMB Number: 3064-0109.
    Annual Burden: Estimated annual number of respondents--892; 
Estimated time per response--2.4 hours; Average annual burden hours--
2,140 hours.
    Expiration Date of OMB Clearance: September 30, 1998.
    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 August 27, 1998 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: Section 42 of the Federal Deposit Insurance 
Act mandates that an institution that proposes to close a branch notify 
its primary Federal regulator no later than 90 days prior to the 
closing. The statute also provides that a notice be posted on the 
premises of the branch for the 30-day period immediately prior to the 
closing and that the customers be notified in a mailing at least 90 
days prior to the closing. Each insured depository institution is 
required to adopt policies for branch closing.

    Dated: July 22, 1998.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 98-20056 Filed 7-27-98; 8:45 am]
BILLING CODE 6714-01-M