[Federal Register Volume 60, Number 140 (Friday, July 21, 1995)]
[Notices]
[Page 37641]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17971]



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FEDERAL RESERVE SYSTEM


Agency Forms Under Review

Background:

    Notice is hereby given of the submission of proposed information 
collection(s) to the Office of Management and Budget (OMB) for its 
review and approval under the Paperwork Reduction Act (Title 44 U.S.C. 
Chapter 35) and under OMB regulations on Controlling Paperwork Burdens 
on the Public (5 CFR Part 1320). A copy of the proposed information 
collection(s) and supporting documents is available from the agency 
clearance officer listed in the notice. Any comments on the proposal 
should be sent to the agency clearance officer and to the OMB desk 
officer listed in the notice.
DATES: Comments are welcome and should be submitted on or before August 
21, 1995.
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance Officer--Mary M. McLaughlin--Division 
of Research and Statistics, Board of Governors of the Federal Reserve 
System, Washington, DC 20551 (202-452-3829); for the hearing impaired 
only, telecommunications device for the deaf (TTD) (202-452-3544), 
Dorothea Thompson, Board of Governors of the Federal Reserve System, 
Washington, DC 20551.
OMB Desk Officer--Milo Sunderhauf--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 3208, Washington, DC 20503 (202-395-7340)
    Request for OMB approval to extend without revision, the following 
report:
    1. Report title: Report on Indebtedness of Executive Officers and 
Principal Shareholders and their Related Interests to Correspondent 
Banks
Agency form number: FFIEC 004
OMB Docket number: 7100-0034
Frequency: Annually (for the report), and on occasion (for 
recordkeeping and disclosure requirements)
Reporters: Executive officers and principal shareholders of member 
banks
Annual reporting hours: 6,255
Estimated average hours per response: 1.27 hours (weighted average of 1 
hour of reporting burden, 2.35 hours of recordkeeping burden)
Number of respondents: 4,925 (3,940 executive officers and principal 
shareholders filing the report, 985 state member banks fulfilling the 
recordkeeping burden)
Small businesses are affected.
    General description of report: This information collection is 
mandatory[12 U.S.C. 1972(2)(G); and 12 U.S.C. 375(a)(6) and (10), and 
375(b)(10)] and is/is given confidential treatment [12 C.F.R. 
215.22(d); and 5 U.S.C. 552(b)(4) and (6)].
SUMMARY: Executive officers and principal shareholders of member banks 
who are indebted to correspondent banks must file the FFIEC 004 report 
on such indebtedness to them or their related interests. State member 
banks are required to retain these reports and fulfill other 
recordkeeping requirements, such as furnishing annually a list of their 
correspondent banks to their executive officers and principal 
shareholders.

    Board of Governors of the Federal Reserve System, July 17, 1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-17971 Filed 7-20-95; 8:45am]
Billing Code 6210-01-F