[Federal Register Volume 66, Number 43 (Monday, March 5, 2001)]
[Notices]
[Pages 13318-13319]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-5243]


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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 4, 2001.

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 F-4058, 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

[[Page 13319]]

F Street), on business days between 7 a.m. and 5 p.m. [FAX number (202) 
898-3838; Internet address: comments@ fdic.gov]. 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: All financial institutions.
    Estimated Number of Respondents: 4,000.
    Estimated Number of Responses: 8,000.
    Estimated Time per Response: 1 hour.
    Estimated Total Annual Burden: 8,000 hours.
    General Description of Collection: The information collection and 
recordkeeping requirements are mandated by statute and take the form of 
(1) a report by executive officers of insured nonmember banks to their 
boards 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, and (2) a report from insured nonmember 
banks, included with their reports of condition filed with the FDIC, on 
any extensions of credit made by the bank to its executive officers 
since the bank filed its last report of condition.

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 28th day of February, 2001.

    Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 01-5243 Filed 3-2-01; 8:45 am]
BILLING CODE 6714-01-U