[Federal Register Volume 66, Number 248 (Thursday, December 27, 2001)]
[Notices]
[Pages 66978-66979]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-31694]


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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: Submission for OMB 
Review; Joint Comment Request

AGENCY: 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 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 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 Office of Management and Budget 
(OMB) control number. On September 18, 2001, the agencies, under the 
auspices of the Federal Financial Institutions Examination Council 
(FFIEC), published a notice in the Federal Register (66 FR 48166) 
requesting public comment on the extension, without revision, of the 
currently approved information collection: Report on Indebtedness of 
Executive Officers and Principal Shareholders and their Related 
Interests to Correspondent Banks (FFIEC 004). The comment period for 
this notice expired on November 19, 2001. No comments were received. 
The agencies are now submitting requests to OMB for approval of the 
extension, without revision, of the FFIEC 004 report.

DATES: Comments must be submitted on or before January 28, 2002.

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, 
S.W., Public Information Room, Mailstop 1-5, Attention: 1557-0070, 
Washington, D.C. 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, 
S.W., Washington, D.C. 20219. Appointments for inspection of comments 
may be made by calling (202) 874-5043.
    Board: Comments may be mailed to Ms. Jennifer J. Johnson, 
Secretary, Board of Governors of the Federal Reserve System, 20th 
Street and Constitution Avenue, N.W., Washington, DC 20551. However, 
because paper mail in the Washington area and at the Board of Governors 
is subject to delay, please consider submitting your comments by e-mail 
to [email protected], or faxing them to the Office of 
the Secretary at 202-452-3819 or 202-452-3102. Comments addressed to 
Ms. Johnson may also be delivered to the Board's mail facility in the 
West Courtyard between 8:45 a.m. and 5:15 p.m., located on 21st Street 
between Constitution Avenue and C Street, N.W. Members of the public 
may inspect comments in Room MP-500 between 9:00 a.m. and 5:00 p.m. on 
weekdays pursuant to 261.12, except as provided in 261.14, of the 
Board's Rules Regarding Availability of Information, 12 CFR 261.12 and 
261.14.
    FDIC: Written comments should be addressed to Robert E. Feldman, 
Executive Secretary, Attention: Comments/OES, Federal Deposit Insurance 
Corporation, 550 17th Street, N.W., Washington, D.C. 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 7:00 
a.m. and 5:00 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, N.W., 
Washington, D.C.,

[[Page 66979]]

between 9:00 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, D.C. 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, S.W., Washington, D.C. 
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, N.W., Washington, D.C. 
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, N.W., Washington, D.C. 20551.
    FDIC: Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907, 
Office of the Executive Secretary, Federal Deposit Insurance 
Corporation, 550 17th Street N.W., Washington, D.C. 20429.

SUPPLEMENTARY INFORMATION:

Proposal to extend, 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: 25,300 (23,000 executive officers and 
principal shareholders fulfilling recordkeeping burden, 2,300 national 
banks fulfilling recordkeeping and disclosure burden)
    Estimated Average Hours per Response: 2.25 hours
    Estimated Total Annual Burden: 56,925 hours
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 hours
For FDIC:
    OMB Number: 3064-0023
    Estimated Number of Respondents: 27,495 (21,996 executive officers 
and principal shareholders fulfilling recordkeeping burden, 5,499 
insured state nonmember banks fulfilling recordkeeping and disclosure 
burden)
    Estimated Average Hours per Response: 1.8 hours
    Estimated Total Annual Burden: 49,491 hours
    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 CFR 31.2, 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). 
Copies of the reports in the possession of the agencies may be exempt 
from disclosure under sections (b)(4), (6), and (8) of the Freedom of 
Information Act (5 U.S.C. 552 (b)(4), (6), and (8)).
    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 received no comments on their joint 
proposal to extend, without revision, the FFIEC 004 report, which was 
published on September 18, 2001 (66 FR 48166). The agencies are now 
submitting requests to OMB for approval of an extension, without 
revision, of this report. In their requests, the agencies are 
requesting an expiration date of March 31, 2004, which corresponds to 
the Office of Thrift Supervision's expiration date for the FFIEC 004 
report.

Request for Comment

Comments are invited on:
    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. 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.

    December 17, 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, December 19, 
2001.
Jennifer J. Johnson
Secretary of the Board
    Dated at Washington, D.C., this 14th day of December 12, 2001.
Federal Deposit Insurance Corporation.
Robert E. Feldman
Executive Secretary
[FR Doc. 01-31694 Filed 12-26-01; 8:45 am]
BILLING CODES OCC: 4810-33-S 1/3; Board: 6210-01-S 1/3; FDIC: 6714-01-S 
1/3