[Federal Register Volume 68, Number 219 (Thursday, November 13, 2003)]
[Notices]
[Pages 64422-64424]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-28452]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

Office of Thrift Supervision

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; 
Office of

[[Page 64423]]

Thrift Supervision (OTS), Treasury; Board of Governors of the Federal 
Reserve System (Board); and Federal Deposit Insurance Corporation 
(FDIC).

ACTION: Joint 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 OTS, the Board, and 
the FDIC (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 Federal Financial Institutions Examination 
Council (FFIEC), of which the agencies are members, has approved the 
agencies'publication for public comment of a proposal to extend, 
without revision, the Report on Indebtedness of Executive Officers and 
Principal Shareholders and their Related Interests to Correspondent 
Banks (FFIEC 004), which are currently approved information 
collections. At the end of the comment period, the comments and 
recommendations received will be analyzed to determine the extent to 
which the FFIEC and the agencies 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 January 12, 2004.

ADDRESSES: Interested parties are invited to submit written 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: Comments should be sent to the Office of the Comptroller of 
the Currency, Public Information Room, Mailstop 1-5, Attention: 1557-
0070, 250 E Street, SW., Washington, DC 20219. Due to delays in paper 
mail delivery in the Washington area, commenters are encouraged to 
submit comments by fax or e-mail. Comments may be sent by fax to (202) 
874-4448, or by e-mail to [email protected]. You can inspect 
and photocopy the comments at the OCC's Public Information Room, 250 E 
Street, SW., Washington, DC 20219. You can make an appointment to 
inspect the comments by calling (202) 874-5043.
    OTS: Information Collection Comments, Chief Counsel's Office, 
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, 
Attention: 1550-0075, 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 Reading 
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.
    Board: Written comments, which should refer to ``FFIEC 004, 7100-
0034'' may be mailed to Ms. Jennifer J. Johnson, Secretary, Board of 
Governors of the Federal Reserve System, 20th and C Streets, 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 section 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/Legal, Federal Deposit 
Insurance Corporation, 550 17th Street, N.W., Washington, D.C. 20429. 
All comment should refer to ``FFIEC 004, 3064-0023.'' Commenters are 
encouraged to submit comments by fax or electronic mail [FAX number 
(202) 898-3838; Internet address: [email protected]]. Comments also 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. Comments may be inspected and photocopied in the 
FDIC Public Information Center, Room 100, 801 17th Street, N.W., 
Washington, D.C., 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: Joseph F. Lackey, Jr., Office of Information 
and Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503 or electronic mail to 
[email protected].

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.
    OTS: Marilyn Burton, OTS Clearance Officer, (202) 906-6467, Office 
of Thrift Supervision, 1700 G Street, N.W., Washington, D.C. 20552.
    Board: Cindy Ayouch, 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 call 
(202) 263-4869, 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, 
Legal Division, Federal Deposit Insurance Corporation, 550 17th Street 
N.W., Washington, D.C. 20429.

SUPPLEMENTARY INFORMATION:

Proposal to extend for three years without revision the following 
currently approved information collection:

    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 banks, state 
member banks, insured state nonmember banks, and savings associations)
    Affected Public: Individuals or households, businesses or other 
for-profit
For OCC:
    OMB Number: 1557-0070
    Estimated Number of Respondents: 25,300 (23,000 executive officers 
and principal shareholders fulfilling record keeping burden, 2,300 
national banks fulfilling record keeping and disclosure burden)
    Estimated Time per Response: 2.25 hours
    Estimated Total Annual Burden: 56,925
For OTS:
    OMB Number: 1550-0075
    Estimated Number of Respondents: 4,336
    Estimated Time per Response: 2.75 hours
    Estimated Total Annual Burden: 11,924
For Board:

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    OMB Number: 7100-0034
    Estimated Number of Respondents: 4,955 (3,964 executive officers 
and principal shareholders fulfilling record keeping burden, 991 state 
member banks fulfilling record keeping and disclosure burden)
    Estimated Time per Response: 1.12 hours
    Estimated Total Annual Burden: 5,551
For FDIC:
    OMB Number: 3064-0023
    Estimated Number of Respondents: 27,495 (21,996 executive officers 
and principal shareholders fulfilling record keeping burden, 5,499 
insured state nonmember banks fulfilling record keeping and disclosure 
burden)
    Estimated Time per Response: 1.8 hours
    Estimated Total Annual Burden: 49,491
    General Description of Report: These information collections are 
mandatory: 12 U.S.C. 1972(2)(G) (all); 12 U.S.C. 1817(k), 12 CFR 31.2, 
and 12 U.S.C. 93a (OCC); 12 U.S.C. 1468 and 12 CFR 563.43 (OTS); 12 
U.S.C. 375(a)(6) and (10), and 375(b)(10) (Board); and 12 CFR 349.3 and 
349.4 (FDIC). In general, these information collections are given 
confidential treatment (5 U.S.C. 552 (b)(8)), but banks and saving 
associations are required to make certain limited disclosures.
    Abstract: Executive officers and principal shareholders of insured 
banks and saving associations must file with their institution 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 and saving associations must retain 
these reports or reports containing similar information and fulfill 
other record keeping requirements, such as furnishing annually a list 
of their correspondent banks to their executive officers and principal 
shareholders. Banks and saving associations also have certain 
disclosure requirements for these information collections.
    Current Actions: The agencies propose to extend, without revision, 
the FFIEC 004 report. The agencies continue to evaluate the record 
keeping 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 these information collections (FFIEC 
004).

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 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.
    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 as well as other relevant aspects of the 
information collection request.

    October 23, 2003.
Mark J. Tenhundfeld
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency

    November 4, 2003.
James E. Gilleran,
Director, Office of Thrift Supervision

    Board of Governors of the Federal Reserve System, November 6, 
2003.
Jennifer J. Johnson
Secretary of the Board

    Dated at Washington, D.C., this 22nd day of October, 2003.
 Federal Deposit Insurance Corporation
Robert E. Feldman
Executive Secretary
[FR Doc. 03-28452 Filed 11-12-03; 8:45 am]
BILLING CODE 4810-33- 6720-01-P; 6210-01-P; 6714-01-P