[Federal Register Volume 66, Number 181 (Tuesday, September 18, 2001)]
[Notices]
[Pages 48166-48168]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-23186]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury; 
Board of Governors of the Federal Reserve System (Board); and Federal 
Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (44 U.S.C. chapter 35), the OCC, the Board, and the FDIC 
(collectively, the ``agencies''), may not conduct or sponsor, and the 
respondent is not required to respond to, an information collection 
unless it displays a currently valid OMB control number. The agencies, 
under the auspices of the Federal Financial Institutions Examination 
Council (FFIEC), propose to extend, without revision, a currently 
approved information collection, the Report on

[[Page 48167]]

Indebtedness of Executive Officers and Principal Shareholders and their 
Related Interests to Correspondent Banks (FFIEC 004). At the end of the 
comment period, the comments and recommendations received will be 
analyzed to determine whether the FFIEC and the agencies can and should 
modify the report. The agencies will then submit the report to OMB for 
review and approval.

DATES: Comments must be submitted on or before November 19, 2001.

ADDRESSES: Interested parties are invited to submit written comments to 
any or all of the agencies. All comments should refer to the OMB 
control number(s) and will be shared among the agencies.
    OCC: Written comments should be submitted to the Communications 
Division, Office of the Comptroller of the Currency, 250 E Street, SW, 
Public Information Room, Mailstop 1-5, Attention: 1557-0070, 
Washington, DC 20219. In addition, comments may be sent by facsimile 
transmission to (202) 874-4448, or by electronic mail to 
[email protected]. Comments will be available for inspection 
and photocopying at the OCC's Public Information Room, 250 E Street, 
SW, Washington, DC 20219. Appointments for inspection of comments may 
be made by calling (202) 874-5043.
    Board: Written comments should be addressed to Jennifer J. Johnson, 
Secretary, Board of Governors of the Federal Reserve System, 20th and C 
Streets, NW, Washington, DC 20551, submitted by electronic mail to 
[email protected], or delivered to the Board's mail room 
between 8:45 a.m. and 5:15 p.m., and to the security control room 
outside of those hours. Both the mail room and the security control 
room are accessible from the courtyard entrance on 20th Street between 
Constitution Avenue and C Street, NW. Comments received may be 
inspected in room M-P-500 between 9 a.m. and 5 p.m., except as provided 
in section 261.12 of the Board's Rules Regarding Availability of 
Information, 12 CFR 261.12(a).
    FDIC: Written comments should be addressed to Robert E. Feldman, 
Executive Secretary, Attention: Comments/OES, Federal Deposit Insurance 
Corporation, 550 17th Street, NW, Washington, DC 20429. Comments may be 
hand-delivered to the guard station at the rear of the 550 17th Street 
Building (located on F Street), on business days between 7 a.m. and 5 
p.m. [FAX number (202) 898-3838; Internet address: [email protected]]. 
Comments may be inspected and photocopied in the FDIC Public 
Information Center, Room 100, 801 17th Street, NW, Washington, DC, 
between 9 a.m. and 4:30 p.m. on business days.
    A copy of the comments may also be submitted to the OMB desk 
officer for the agencies: Alexander T. 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: Additional information or a copy of 
the collection may be requested from:
    OCC: Jessie Dunaway, OCC Clearance Officer, or Camille Dixon, (202) 
874-5090, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 250 E Street, SW, Washington, DC 20219.
    Board: Mary M. West, Federal Reserve Board Clearance Officer, (202) 
452-3829, Division of Research and Statistics, Board of Governors of 
the Federal Reserve System, 20th and C Streets, NW, Washington, DC 
20551. Telecommunications Device for the Deaf (TDD) users may contact 
Capria Mitchell (202) 872-4984, Board of Governors of the Federal 
Reserve System, 20th and C Streets, NW, Washington, DC 20551.
    FDIC: Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907, 
Office of the Executive Secretary, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION:

Proposal To Extend for Three Years Without Revision the Following 
Currently Approved Collection of Information

    Report Title: Report on Indebtedness of Executive Officers and 
Principal Shareholders and their Related Interests to Correspondent 
Banks.
    Form Number: FFIEC 004.
    Frequency of Response: Annually (for executive officers and 
principal shareholders), and on occasion (for national, state member 
and insured state nonmember banks).
    Affected Public: Individuals or households, Businesses or other 
for-profit.

For OCC

    OMB Number: 1557-0070.
    Number of Respondents: 27,500 (25,000 executive officers and 
principal shareholders fulfilling recordkeeping burden, 3,050 national 
banks fulfilling recordkeeping and disclosure burden).
    Estimated Average Hours per Response: 2.95 hours.
    Estimated Total Annual Burden: 81,250.

For Board

    OMB Number: 7100-0034.
    Number of Respondents: 4,955 (3,964 executive officers and 
principal shareholders fulfilling recordkeeping burden, 991 state 
member banks fulfilling recordkeeping and disclosure burden).
    Estimated Average Hours per Response: 1.12 hours.
    Estimated Total Annual Burden: 5,551.

For FDIC

    OMB Number: 3064-0023.
    Estimated Number of Respondents: 29,925 (23,940 executive officers 
and principal shareholders fulfilling recordkeeping burden, 5,985 
insured state nonmember banks fulfilling recordkeeping and disclosure 
burden).
    Estimated Average Hours per Response: 1.8 hours.
    Estimated Total Annual Burden: 53,865.
    General Description of Report: This information collection is 
mandatory: 12 U.S.C. 1972(2)(G) (all); 12 U.S.C. 375(a)(6) and (10), 
and 375(b)(10) (Board); 12 U.S.C. 1817(k) and 12 U.S.C. 93a (OCC); 12 
CFR 349.3, 12 CFR 349.4, and 12 CFR 304.5(e) (FDIC).
    Abstract: Executive officers and principal shareholders of insured 
banks must file with the bank the information contained in the FFIEC 
004 report on their indebtedness and that of their related interests to 
correspondent banks. The information contained in the FFIEC 004 report 
is prescribed by statute and regulation, as cited above. Banks must 
retain these reports or reports containing similar information and 
fulfill other recordkeeping requirements, such as furnishing annually a 
list of their correspondent banks to their executive officers and 
principal shareholders. Banks also have certain disclosure requirements 
for this information collection.
    Current Actions: The agencies propose to extend, without revision, 
the FFIEC 004 report. The agencies are currently evaluating the 
recordkeeping requirements contained in their regulations that relate 
to the FFIEC 004 report. Should the agencies decide to revise these 
regulations, a separate Federal Register notice will be published 
inviting comment from the public on the proposed revisions. Any 
revisions that may be made to the agencies' regulations would be 
subsequently incorporated into this information collection (FFIEC 004).

Request for Comment

    Comments are invited on:

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    a. Whether the information collections are necessary for the proper 
performance of the agencies' functions, including whether the 
information has practical utility;
    b. The accuracy of the agencies' estimates of the burden of the 
information collections, including the validity of the methodology and 
assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collections on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or start up costs and costs of operation, 
maintenance, and purchase of services to provide information.
    Comments submitted in response to this notice will be shared among 
the agencies and will be summarized or included in the agencies' 
requests for OMB approval. All comments will become a matter of public 
record. Written comments should address the accuracy of the burden 
estimates and ways to minimize burden including the use of automated 
collection techniques or the use of other forms of information 
technology as well as other relevant aspects of the information 
collection request.

    Dated: September 7, 2001.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.

    Board of Governors of the Federal Reserve System, August 30, 
2001.
Jennifer J. Johnson,
Secretary of the Board.

    Dated at Washington, DC, this 30th day of August, 2001.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 01-23186 Filed 9-17-01; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P