[Federal Register Volume 61, Number 65 (Wednesday, April 3, 1996)]
[Notices]
[Pages 14780-14781]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-8113]



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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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background: In accordance with the requirements of the Paperwork 
Reduction Act of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct 
or sponsor, and the respondent is not required to respond to, an 
information collection that has been extended, revised, or implemented 
on or after October 1, 1995, unless it displays a currently valid 
Office of Management and Budget (OMB) control number. A proposed 
revision of the following currently approved collection of information 
is hereby published for comment. 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 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 
practically utility; (b) the accuracy of the estimate 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 information collection on respondents, including through 
the use of automated collection techniques or other forms of 
information technology.

DATES: comments must be submitted on or before June 3, 1996.

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., Washington, DC 20429. All comments should refer to the OMB 
control number

[[Page 14781]]
3064-0061. Comments may be hand-delivered to Room F-400, 1776 F Street 
NW., Washington, DC 20429, on business days between 8:30 a.m. and 5:00 
p.m. [FAX number (202) 898-3838; Internet address: [email protected]].
    A copy of the comments may also be submitted to the OMB desk 
officer for the agencies: Milo Sunderhauf, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT:
Steven F. Hanft, at the address identified above.

SUPPLEMENTARY INFORMATION: 

Proposal To Revise the Following Currently Approved Collection of 
Information

    Title: Summary of Deposits.
    Form Number: 8020/05.
    OMB Number: 3064-0061.
    Frequency of Response: Annually.
    Affected Public: All offices of all banks with branches in the 
United States.
    Estimated Number of Respondents: 6,900.
    Estimated Time per Response: 3 hours.
    Estimated Total Annual Burden: 27,600 burden hours.
    General Description of Collection: The Summary of Deposits (SOD) 
information collection system is an annual survey to obtain the amount 
of deposits held at each office of all banks with branches in the 
United States. The survey includes both commercial and savings banks. 
The survey date provide a basis for measuring the competitive impact of 
bank mergers and has additional use in banking research. The data are 
collected as of close of business, June 30.
    The proposed revisions to the SOD are described as follows. 
Financial institutions previously were required to report three (3) 
separate categories for deposits at each branch: (1) ``Individual, 
partnership and corporation,'' (2) ``other,'' and (3) ``total.'' Now 
only one figure (total deposits) is required. This will lessen the 
reporting burden significantly. Reporters were always required to 
provide information on changes in address, relocations, new and 
purchased branches, and branches closed or sold. They were instructed 
to write the information on the form including type of facility and 
effective date of transaction. Reporting of changes has now been 
formalized by adding columns to report the effective date, type of 
transaction and type of facility. In addition to formalizing the 
reporting of changes, the new format will facilitate the automated 
interface of these changes to the Corporation's Structure database 
rather than doing them manually. The new SOD survey form will also 
facilitate electronic reporting of the Summary of Deposits survey in 
the future (1997) as well as be similar to the Thrift SOD survey 
provided the Office of Thrift Supervision.

Request for Comment

    Comments submitted in response to this Notice 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. Written comments 
should address the accuracy of the burden estimates and ways to 
minimize burden including the use of automated collection techniques or 
the use of other forms of information technology as well as other 
relevant aspects of the information collection request.

    Dated at Washington, DC, this 28th day of March, 1996.

Federal Deposit Insurance Corporation.
Jerry L. Langley,
Executive Secretary.
[FR Doc. 96-8113 Filed 4-2-96; 8:45 am]
BILLING CODE 6714-01-M