[Federal Register Volume 63, Number 201 (Monday, October 19, 1998)]
[Notices]
[Pages 55872-55873]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-27883]


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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 ``Flood 
Insurance.''

DATES: Comments must be submitted on or before December 18, 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 4058, Attention: 
Comments/OES, Federal Deposit Insurance Corporation, 550 17th Street, 
NW, Washington, DC 20429. All comments should refer to ``Flood 
Insurance.'' 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.


[[Page 55873]]


SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collection of information:
    Title: Flood Insurance.
    OMB Number: 3064-0120.
    Frequency of Response: As needed.
    Affected Public: Any depository institution whose borrower's loan 
requests were secured by a building located on property in a special 
flood hazard area.
    Estimated Number of Respondents: 6,000.
    Estimated Time per Respondent: 25.9 hours.
    Estimated Total Annual Burden: 155,625.
    General Description of Collection: Each supervised lending 
institution is currently required to provide a notice of special flood 
hazards to a borrower acquiring a loan secured by a building on real 
property located in an area identified by the Director of the Federal 
Emergency Management Administration as being subject to special flood 
hazards. The Riegle Community Development and Regulatory Improvement 
Act requires that each institution must also provide a copy of the 
notice to the servicer of the loan (if different from the originating 
lender).

Request for Comment

    Comment 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 of 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 13th day of October, 1998.

Federal Deposit Insurance Corporation.
Rober E. Feldman,
Executive Secretary.
[FR Doc. 98-27883 Filed 10-16-98; 8:45 am]
BILLING CODE 6714-01-M