[Federal Register Volume 64, Number 62 (Thursday, April 1, 1999)]
[Notices]
[Pages 15757-15758]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-7954]


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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 
``Prompt Corrective Action.''

DATES: Comments must be submitted on or before June 1, 1999.

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 ``Prompt 
Corrective Action.'' 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: Prompt Corrective Action.
    OMB Number: 3064-0115.
    Frequency of Response: Occasional.
    Affected Public: Insured institutions requiring federal banking 
agency supervisory actions.
    Estimated Number of Respondents: 10.
    Estimated Time per Response: 4 hours.
    Estimated Total Annual Burden: 40 hours.
    General Description of Collection: The prompt corrective action 
provisions of FDICIA require or permit the FDIC and other federal 
financial regulators to take certain supervisory actions when FDIC-
insured institutions fall within one of five categories. The collection 
consists of applications required to obtain FDIC exceptions to 
otherwise restricted activities.

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

[[Page 15758]]

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 26th day of March, 1999.

Federal Deposit Insurance Corporation
Robert E. Feldman,
Executive Secretary.
[FR Doc. 99-7954 Filed 3-31-99; 8:45 am]
BILLING CODE 6714-01-M