[Federal Register Volume 67, Number 82 (Monday, April 29, 2002)]
[Notices]
[Pages 21014-21016]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-10395]


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

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[[Page 21015]]

SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (44 U.S.C. chapter 35), the OCC, the Board, the FDIC, and 
the OTS (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 January 10, 2002, the agencies published a notice in the Federal 
Register (67 FR 1405) requesting public comment on the extension, with 
revision, of the currently approved information collection titled 
``Interagency Bank Merger Act Application'' and clarifications to the 
Comptroller's Corporate Manual. The comment period for this notice 
expired on March 11, 2002, and no comments were received. The agencies 
are now submitting requests to OMB for review and approval of the 
extension, with revision, of this information collection.

DATES: Comments must be submitted to the agencies and the OMB Desk 
Officer on or before May 29, 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, SW., 
Public Information Room, Mailstop 1-5, Attention: 1557-0014 (BMA), 
Washington, DC 20219. Due to recent disruptions in the OCC's mail 
service, commenters are encouraged to submit comments by fax or by 
electronic mail. Comments may be sent by fax 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: Comments may be mailed to Ms. 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 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, NW. 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 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 
7:00 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, NW., 
Washington, DC, between 9:00 a.m. and 4:30 p.m. on business days.
    OTS: Written comments should be sent to 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.
    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, (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 Request Approval From OMB of the Extension for Three 
Years, With Revision, of 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 Interagency Bank Merger Act'' application located in the Business 
Combinations booklet of the Manual and various portions of the booklet 
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: Revision of a currently approved collection.
    Estimated Number of Respondents:

[[Page 21016]]

    OCC: Nonaffiliate--60; Affiliate--210.
    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--1,800; Affiliate--3,780. Total: 5,580 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 OCC collects the identity and the activity of each 
subsidiary to be acquired, 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: On January 10, 2002, the agencies published in the 
Federal Register (67 FR 1405), a notice on the proposed revisions to 
this information collection. The comment period expired on March 11, 
2002. The agencies received no public comments and are now submitting 
requests to OMB for approval of the extension, with revision, of this 
information collection, as proposed.
    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 regarding the name of an affiliated insurance company, a 
description of its insurance activities, and the name of the state in 
which the company is domiciled or in which it has a resident license. 
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.

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.

    Dated: April 16, 2002.
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, April 22, 2002.

Robert deV. Frierson,
Deputy Secretary of the Board.

    Dated at Washington, DC, this 19th day of April, 2002.

Federal Deposit Insurance Corporation
Robert E. Feldman,
Executive Secretary.

    Dated: April 22, 2002.
Deborah Dakin,
Deputy Chief Counsel, Regulations and Legislation Division, Office of 
Thrift Supervision.
[FR Doc. 02-10395 Filed 4-26-02; 8:45 am]
BILLING CODES 4810-33-P, 6210-01-P, 6744-01-P, and 6720-01-P