[Federal Register Volume 66, Number 167 (Tuesday, August 28, 2001)]
[Notices]
[Pages 45312-45313]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-21639]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collection to be submitted to OMB for 
review and approval under the Paperwork Reduction Act of 1995.

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SUMMARY: In accordance with requirements of the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it 
plans to submit to the Office of Management and Budget (OMB) a request 
for OMB review and approval of the following information collection 
systems described below.
    1. Type of Review: Renewal of a currently approved collection.
    Title: Procedures for Monitoring Bank Secrecy Act Compliance.
    OMB Number: 3064-0087.
    Annual Burden:

Estimated annual number of respondents: 5,600.
Estimated time per response: .5 hours.

Total annual burden hours: 2,800 hours.

    Expiration Date of OMB Clearance: September 30, 2001.
    Supplementary Information: 12 CFR 326 requires all insured 
nonmember banks to establish and maintain procedures designed to assure 
and monitor their compliance with the requirements of the Bank Secrecy 
Act and the implementing regulations promulgated thereunder by the 
Department of Treasury at 31 CFR 103.

    2. Type of Review: Renewal of a currently approved collection.
    Title: Application for Waiver of Prohibition on Acceptance of 
Brokered Deposits by Adequately Capitalized Insured Institutions.
    OMB Number: 3064-0099.
    Annual Burden:

Estimated annual number of respondents: 25.
Estimated time per response: 6 hours.
Total annual burden hours: 150 hours.

    Expiration Date of OMB Clearance: September 30, 2001.
    Supplementary Information: Section 29 of the Federal Deposit 
Insurance Act prohibits undercapitalized insured depository 
institutions from accepting, renewing, or rolling over any brokered 
deposits. Adequately capitalized institutions may do so with a waiver 
from the FDIC, while well-capitalized institutions may accept, renew, 
or roll over brokered deposits without restriction.

    3. Type of Review: Renewal of a currently approved collection.
    Title: Notice of Branch Closure.
    OMB Number: 3064-0109.
    Annual Burden:

Estimated annual number of respondents: 1,364 (1,314 notice; 50 
adoption).
Estimated time per response: 1,314-2 hours; 50-8 hours.
Total annual burden hours: 3,028 hours.

    Expiration Date of OMB Clearance: September 30, 2001.
    Supplementary Information: Section 42 of the Federal Deposit 
Insurance Act mandates that an institution that proposes to close a 
branch notify its primary Federal regulator no later than 90 days prior 
to the closing. Each insured depository institution is required to 
adopt policies for branch closings.

    4. Type of Review: Renewal of a currently approved collection.
    Title: Real Estate Lending Standards.
    OMB Number: 3064-0112.
    Annual Burden:

Estimated annual number of respondents: 5,600.
Estimated time per response: 20 hours.
Total annual burden hours: 112,000 hours.

    Expiration of OMB Clearance: September 30, 2001.
    Supplementary Information: Institutions will use real estate 
lending policies to guide their lending operations in a manner that is 
consistent with safe and sound banking practices and appropriate to 
their size, nature and scope of their operations. These policies should 
address certain lending considerations, including loan-to-value limits, 
loan administration policies, portfolio diversification standards, and 
documentation, approval and reporting requirements.

    5. Type of Review: Renewal of a currently approved collection.
    Title: Foreign Branching and Investment by Insured State Nonmember 
Banks.
    OMB Number: 3064-0125.
 Annual Burden:
Estimated annual number of respondents: 73.
Estimated time per response: varies.
Total annual burden hours: 22,298 hours.
    Expiration Date of OMB Clearance: September 30, 2001.
    Supplementary Information: Section 18(d)(2) of the Federal Deposit 
Insurance Act, requires a nonmember bank to obtain the FDIC's consent 
to establish or operate a branch in a foreign country and authorizes 
the FDIC to impose conditions and issue regulations governing foreign 
branches of nonmember banks. Section 18(l) requires a nonmember bank to 
obtain the FDIC's consent to acquire and hold, directly or indirectly, 
stock or other evidences of ownership in any foreign bank or other 
entity.
    OMB Reviewer: Alexander T. Hunt, (202) 395-7860, Office of 
Management and Budget, Office of Information and Regulatory Affairs, 
Washington, DC 20503.
    FDIC Contact: Tamara R. Manly, (202) 898-7453, Office of the 
Executive Secretary, Room F-4058, Federal Deposit Insurance 
Corporation, 550 17th Street NW., Washington, DC 20429.
    Comments: Comments on these collections of information are welcome 
and should be submitted on or before September 27, 2001 to both the OMB 
reviewer and the FDIC contact listed above.
    Addresses: Information about this submission, including copies of 
the proposed collections of information, may be obtained by calling or 
writing the FDIC contact listed above.

Federal Deposit Insurance Corporation.


[[Page 45313]]


    Dated: August 22, 2001.

Robert E. Feldman,
Executive Secretary.
[FR Doc. 01-21639 Filed 8-27-01; 8:45 am]
BILLING CODE 6714-01-P