[Federal Register Volume 61, Number 65 (Wednesday, April 3, 1996)]
[Notices]
[Page 14782]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-8115]



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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 
renewal 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 
practical 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 3064-0115. 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, 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: Prompt Corrective Action.
    Form Number: N/A.
    OMB Number: 3064-0115.
    Frequency of Response: On occasion.
    Affected Public: FDIC-insured institutions.
    Estimated Number of Respondents: 50.
    Estimated Time per Response: 4 hours.
    Estimated Total Annual Burden: 200 burden hours.
    General Description of Collection: 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.

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. 96-8115 Filed 4-2-96; 8:45 am]
BILLING CODE 6714-01-M