[Federal Register Volume 69, Number 28 (Wednesday, February 11, 2004)]
[Notices]
[Pages 6665-6666]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-2944]


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FEDERAL DEPOSIT INSURANCE CORPORATION

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Agency Information Collection Activities: Submission to OMB for 
Review; Comment Request

AGENCIES: Federal Deposit Insurance Corporation (FDIC); Office of 
Thrift Supervision (OTS), Treasury.

ACTION: Joint 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: As part of their continuing effort to reduce paperwork burden 
in accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 
et seq.), the FDIC and OTS (collectively, the Agencies) hereby give 
notice that they plan to submit to the Office of Management and Budget 
(OMB) a request for OMB review and approval of revisions to the 
information collection described below. The Agencies may not conduct or 
sponsor, and a respondent is not required to respond to, an information 
collection unless it displays a currently valid Office of Management 
and Budget (OMB) control number.

Titles:
    FDIC: Beneficial Ownership Reports.
    OTS: '34 Act Disclosures

OMB Control Numbers:
    FDIC: 3064-0030.
    OTS: 1550-0019.

Form Numbers:
    FDIC: SEC 3, 4, and 5.

[[Page 6666]]

    OTS: SEC Schedules 13D, 13G, 14A, 14C, 14D-1, and TO; SEC Forms 3, 
4, 5, 10, 10-SB, 10-K, 10-KSB, 8-K, 8-A, 12b-25, 10-Q, 10-QSB, 15, and 
annual report.

Expiration of current OMB clearance:
    FDIC: August 31, 2006.
    OTS: March 31, 2004.

Affected Public:
    FDIC: Directors, officers and principal shareholders of insured 
financial institutions (insiders).
    OTS: Directors, officers and principal shareholders of insured 
financial institutions (insiders); savings associations.

DATES: Comments should be submitted by March 12, 2004.

ADDRESSES: Comments should be directed to the Agencies and the OMB Desk 
Officer for the Agencies as follows:
    FDIC: Steven F. Hanft, Paperwork Clearance Officer, Legal Division, 
Room MB-3064, Federal Deposit Insurance Corporation, 550 17th Street, 
NW., Washington, DC 20429. All comments should refer to ``beneficial 
ownership reports.'' 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. Commenters are 
encouraged to submit comments by fax or electronic mail (FAX number: 
(202) 898-3838; e-mail: [email protected]).
    OTS: Information Collection Comments, Chief Counsel's Office, 
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, 
Attention: 1550-0019, 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.
    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 e-
mail to [email protected].

FOR FURTHER INFORMATION CONTACT: You may request additional information 
from:

FDIC: Steven F. Hanft, Paperwork Clearance Officer, (202) 898-3907, 
Legal Division, Federal Deposit Insurance Corporation, 550 17th Street, 
NW., Washington, DC 20429.
OTS: Marilyn K. Burton, OTS Clearance Officer, (202) 906-6467, Office 
of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.

SUPPLEMENTARY INFORMATION: The change to this collection requested by 
the Agencies concerns the filing method for reports of beneficial 
ownership by insiders whose equity securities are registered with the 
Agencies. In the past, the Agencies have required paper filings. The 
Securities Exchange Act of 1934 (``Exchange Act''), as amended by the 
Sarbanes-Oxley Act of 2002, changed this requirement to electronic 
filing. Currently, the Agencies are authorizing voluntary electronic 
filing through an electronic system, which has been available since 
July 30. Electronic filing will be made mandatory by a separate, later 
action by the Agencies. The new electronic system is an important step 
in the Agencies' ongoing efforts to streamline the filing and retrieval 
of reports filed with the Agencies under the Securities Exchange Act of 
1934. It will also reduce burden on insiders who must file these 
reports within two business days of completing a transaction in equity 
securities of the institution.
    Additionally, OTS collects other periodic disclosure documents 
required to be filed by savings associations pursuant to the Exchange 
Act on forms promulgated by the U.S. Securities and Exchange Commission 
for its registrants. OTS seeks public comment on its proposed renewal 
of this collection, in addition to the planned change in filing method 
for reports of beneficial ownership.
    The Agencies' burden estimates follow.
    Burden Estimates:
    Estimated Number of Respondents:
    FDIC: 1,333.
    OTS: 16.
    Estimated Number of Responses:
    FDIC: 1,800.
    OTS: 401.
    Estimated Annual Burden Hours:
    FDIC: 1,100 hours.
    OTS: 66,567 hours.
    Frequency of Response:
    FDIC: On occasion.
    OTS: On occasion; quarterly; annually.
    Comments: All comments submitted in response to this notice will 
become a matter of public record. Comments are invited on:
    (a) Whether the collection is necessary for the proper performance 
of the functions of the agency, including whether the information has 
practical utility;
    (b) The accuracy of the agency's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated at Washington, DC, this 5th day of February, 2004.

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

    Dated: February 5, 2004.

    By the Office of Thrift Supervision.
Richard M. Riccobono,
Deputy Director.
[FR Doc. 04-2944 Filed 2-10-04; 8:45 am]
BILLING CODE 6714-01-P; 6720-01-P