[Federal Register Volume 67, Number 7 (Thursday, January 10, 2002)]
[Notices]
[Pages 1405-1407]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-643]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

Office of Thrift Supervision

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities; Proposed Revision of 
Information Collection; Comment Request

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

ACTION: Joint notice and request for comment.

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SUMMARY: The OCC, Board, FDIC, and OTS (Agencies), as part of their 
continuing effort to reduce paperwork and respondent burden, invite the 
general public and other Federal agencies to comment on proposed 
revisions to a continuing information collection, as required by the 
Paperwork Reduction Act of 1995. 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. The Agencies are soliciting 
comments on proposed revisions to the information collection titled: 
``Interagency Bank Merger Act Application.'' Additionally, the OCC is 
making other clarifying changes to the Comptroller's Corporate Manual.

DATES: You should submit written comments by March 11, 2002.

ADDRESSES: Interested parties are invited to submit comments to any or 
all of the Agencies. All comments, which should refer to the OMB 
control number, will be shared among the Agencies:
    OCC: Office of the Comptroller of the Currency, Public Information 
Room, 250 E Street, SW, Mail Stop 1-5, Attention: 1557-0014 (BMA), 
Washington, DC 20219. You may make an appointment to inspect and 
photocopy comments at the same location by calling (202) 874-5043. In 
addition, you may fax your comments to (202) 874-4448 or e-mail them to 
[email protected].
    Board: Written comments may be mailed to Jennifer J. Johnson, 
Secretary, Board of Governors of the Federal Reserve System, 20th 
Street and Constitution Avenue, NW, 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 
electronic 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, NW. Members of 
the public may inspect comments in room M-P-500 between 9 a.m. and 5 
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: Tamara R. Manly, Management Analyst (Regulatory Analysis), 
Office of Executive Secretary, Room F-4058, Attention: Comments/OES, 
Federal Deposit Insurance Corporation, 550 17th Street, NW, Washington, 
DC 20429. All comments should refer to ``Interagency Bank Merger Act 
Application.'' 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.
    OTS: Information Collection Comments, Chief Counsel's Office, 
Office of Thrift Supervision, 1700 G Street, NW, Washington, DC 20552, 
Attention: 1550-0016, FAX Number (202) 906-6518, or e-mail to 
[email protected]. OTS will post comments and the 
related index on the OTS Internet Site at www.ots.treas.gov. In 
addition, interested persons may inspect comments at the Public 
Reference Room, 1700 G Street, NW, by appointment. To make an 
appointment, call (202) 906-5922, send an e-mail to 
[email protected], or send a facsimile transmission to (202) 
906-7755.

[[Page 1406]]


FOR FURTHER INFORMATION CONTACT: You may request additional information 
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. 
For subject matter information, you may contact Cheryl Martin at (202) 
874-4614, Licensing, Policy, and Systems, Licensing Department, 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: Tamara R. Manly, Management Analyst (Regulatory Analysis), 
(202) 898-7453, Office of the Executive Secretary, Federal Deposit 
Insurance Corporation, 550 17th Street, NW., Washington, DC 20429.
    OTS: Sally W. Watts, OTS Clearance Officer, (202) 906-7380; Frances 
C. Augello, Senior Counsel, Business Transactions Division, (202) 906-
6151; Patricia D. Goings, Regulatory Analyst, Examination Policy, (202) 
906-5668; or Damon C. Zaylor, Regulatory Analyst, Examination Policy, 
(202) 906-6787, Office of Thrift Supervision, 1700 G Street, NW, 
Washington, DC 20552.

SUPPLEMENTARY INFORMATION: Proposal to extend for three years, with 
revision, the following currently approved collection of information:
    Report Title: Interagency Bank Merger Act Application.
    OCC's Title: Comptroller's Corporate Manual (Manual). The specific 
portions of the Manual covered by this notice are those that pertain to 
the Business Combinations booklet of the Manual and various portions to 
which the OCC is making technical and clarifying changes.
    OMB Numbers:
      OCC: 1557-0014.
      Board: 7100-0171.
      FDIC: 3064-0015.
      OTS: 1550-0016.
    Form Numbers:
      OCC: None.
      Board: FR 2070.
      FDIC: 6220/01 and 6220/07.
      OTS: 1639.
    Affected Public: Individuals or households; Businesses or other 
for-profit.
    Type of Review: Review of a currently approved collection.
    Estimated Number of Respondents:
      OCC: Nonaffiliate--120; Affiliate--260.
      Board: Nonaffiliate--57; Affiliate--79.
      FDIC: Nonaffiliate--200; Affiliate--150.
      OTS: Nonaffiliate--16; Affiliate--0.
    Frequency of Response: On occasion.
    Estimated Annual Burden Hours per Response:
      OCC: Nonaffiliate--30; Affiliate--18.
      Board: Nonaffiliate--30; Affiliate--18.
    FDIC: Nonaffiliate--30; Affiliate--18.
      OTS: Nonaffiliate--30; Affiliate--18.
    Estimated Total Annual Burden Hours:
      OCC: Nonaffiliate--3,600; Affiliate--4,680. Total: 8,280 burden 
hours.
      Board: Nonaffiliate--1,710; Affiliate--1,422. Total: 3,132 burden 
hours.
      FDIC: Nonaffiliate--6,000; Affiliate--2,700. Total: 8,700 burden 
hours.
      OTS: Nonaffiliate--480; Affiliate--0. Total: 480 burden hours.
    General Description of Report: This information collection is 
mandatory. 12 U.S.C. 1828(c) (OCC, FDIC, and OTS), and 12 U.S.C. 321, 
1828(c), and 4804 (Board). Except for select sensitive items, this 
information collection is not given confidential treatment. Small 
businesses, that is, small institutions, are affected.
    Abstract: This submission covers a revision to the Agencies' merger 
application form for both affiliated and nonaffiliated institutions. 
The form's title is the Interagency Bank Merger Act Application. The 
Agencies need the information to ensure that the proposed transactions 
are permissible under law and regulation and are consistent with safe 
and sound banking practices. The Agencies are required, under the Bank 
Merger Act, to consider financial and managerial resources, future 
prospects, convenience and needs of the community, community 
reinvestment, and competition.
    Some agencies collect limited supplemental information in certain 
cases. For example, the OCC and OTS collect information regarding CRA 
commitments, the Federal Reserve collects information on debt servicing 
from certain institutions, and the FDIC requires additional information 
on the competitive impact of proposed mergers.
    Current Actions: Section 307(c) of the Gramm-Leach-Bliley Act 
(GLBA) requires the appropriate Agency to consult with the appropriate 
state insurance regulator prior to making any determination relating to 
the initial affiliation of, or the continuing affiliation of, a 
depository institution with a company engaged in insurance activities. 
As a result, the Agencies propose to add an item to the form to collect 
information on the name of the affiliated insurance company; a 
description of its insurance activities; each state and the lines of 
business in each state in which the company holds, or will hold, an 
insurance license; and the state where the company holds a resident 
license or charter, as applicable. Additionally, the General 
Instructions contain technical corrections to make them uniform with 
the proposed revisions to the ``Interagency Charter and Federal Deposit 
Insurance Application'' form.
    Further, the OCC is making a change to its Business Combinations 
booklet of the Manual by adding the interagency application form and 
providing updated information about filing for a merger. These changes 
are not material and are technical in nature. These changes are an 
administrative adjustment, and do not change, in any way, the 
requirements on national banks.
    Comments: Comments submitted in response to this notice will be 
summarized in each Agency's request for OMB approval, and analyzed to 
determine the extent to which the collection should be modified. All 
comments will become a matter of public record.
    Written comments are invited on:
    a. Whether the information collection is 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 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;
    d. Ways to minimize the burden of information collection 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.


[[Page 1407]]


    Dated: November 1, 2001.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
    By order of the Board of Governors of the Federal Reserve 
System, January 3, 2002.
Jennifer J. Johnson,
Secretary of the Board.

    Dated at Washington, D.C., this 1st day of November, 2001.
Robert E. Feldman,
Executive Secretary.

    Dated: October 4, 2001.
Deborah Dakin,
Deputy Chief Counsel, Regulations and Legislation Division, Office of 
Thrift Supervision.
[FR Doc. 02-643 Filed 1-9-02; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P; 6720-01-P