[Federal Register Volume 63, Number 44 (Friday, March 6, 1998)]
[Notices]
[Pages 11259-11260]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-5802]


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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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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 
``Extensions of Credit to Executive Officers, Unsafe and Unsound 
Practices.''

DATES: Comments must be submitted on or before May 5, 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

[[Page 11260]]

4022, Attention: Comments/OES, Federal Deposit Insurance Corporation, 
550 17th Street, NW., Washington, DC 20429. All comments should refer 
to ``Extensions of Credit to Executive Officers, Unsafe and Unsound 
Practices.'' 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, DC 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: Extensions of Credit to Executive Officers, Unsafe and 
Unsound Practices.
    OMB Number: 3064-0108.
    Frequency of Response: Annually.
    Affected Public: Executive officers of insured nonmember banks who 
have received extensions of credit from any other bank in excess of the 
amount the insured nonmember bank could lend to the officer.
    Estimated Number of Respondents: 8,000.
    Estimated Time per Response: 1 hour.
    Estimated Total Annual Burden: 8,000 hours.
    General Description of Collection: Executive officers of insured 
nonmember banks must file a report with their bank's Board of Directors 
within 10 days of incurring any indebtedness to any other bank in an 
amount in excess of the amount the insured nonmember bank could lend to 
the officer.

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 DC, this 3rd day of March, 1998.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 98-5802 Filed 3-5-98; 8:45 am]
BILLING CODE 6714-01-M