[Federal Register Volume 63, Number 14 (Thursday, January 22, 1998)]
[Notices]
[Pages 3324-3325]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1454]


=======================================================================
-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

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 
``Community Reinvestment Act.''

DATES: Comments must be submitted on or before March 23, 1998.

ADDRESSES: Interested parties are invited to submit written comments to 
Tamara R. Manly, Management Analyst (Regulatory Analysis), (202) 898-
7453, Office of the Executive Secretary, Room 4022, Attention: 
Comments/OES, Federal Deposit Insurance Corporation, 550 17th Street 
N.W., Washington, D.C. 20429. All comments should refer to ``Community 
Reinvestment Act.'' 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: [email protected]].
    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: Tamara R. Manly, at the address 
identified above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collection of Information:
    Title: Community Reinvestment Act.
    OMB Number: 3064-0092.
    Frequency of Response: Annually.
    Affected Public: Any depository institution that serves the credit 
needs of the communities in which they are chartered to do business.
    Estimated Number of Respondents: 6,169.
    Estimated Time per Response: 12 hours.
    Estimated Total Annual Burden: 74,028 hours.
    General Description of Collection: The Community Reinvestment Act 
and regulation 12 CFR 345 require each appropriate Federal financial 
supervisory agency to use its authority when examining financial 
institutions, to encourage such institutions to help meet credit needs 
of the local communities in which they are chartered consistent with 
safe and sound operation of such institutions.

[[Page 3325]]

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, D.C., this 14th day of January, 1998.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 98-1454 Filed 1-21-98; 8:45 am]
BILLING CODE 6714-01-M