[Federal Register Volume 69, Number 43 (Thursday, March 4, 2004)]
[Notices]
[Pages 10294-10296]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-4839]


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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: Submission for OMB 
Review; Joint Comment Request

AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury; 
Office of Thrift Supervision (OTS), 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 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.
    On November 13, 2003, the agencies, under the auspices of the 
Federal Financial Institutions Examination Council (FFIEC), published a 
notice in the Federal Register (68 FR 64422) 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 
January 12, 2004. 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 April 15, 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: Comments should be mailed to Jennifer J. Johnson, Secretary, 
Board of Governors of the Federal Reserve System, 20th Street and 
Constitution Avenue, N.W., Washington, DC 20551. Please consider 
submitting your comments through the Board's web site at 
www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm; by e-mail to 
[email protected]; or by fax to the Office of the 
Secretary at 202-452-3819 or 202-452-3102. Rules proposed by the Board 
and other federal agencies may also be viewed and commented on at 
www.regulations.gov. All public comments are available from the Board's 
web site at www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as 
submitted, except as necessary for technical reasons. Accordingly, your 
comments will not be edited to remove any

[[Page 10295]]

identifying or contact information. Public comments may also be viewed 
electronically or in paper in Room MP-500 of the Board's Martin 
Building (C and 20th Streets, N.W.) between 9:00 a.m. and 5:00 p.m. on 
weekdays.
    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 comments should refer to ``FFIEC 004, 3064-0023.'' Commenters are 
encouraged to submit comments by fax or electronic mail [FAX number 
202-898-3838; e-mail: [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: John Ference, Acting 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 K. 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 Request Approval From OMB of the Extension for Three Years, 
Without Revision, of the Following 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 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: 23,386 (21,260 executive officers 
and principal shareholders fulfilling record keeping burden, 2,126 
national banks fulfilling record keeping and disclosure burden)
    Estimated Time per Response: 2.25 hours
    Estimated Total Annual Burden: 52,619
    For OTS:
    OMB Number: 1550-0075
    Estimated Number of Respondents: 4,620 (3,696 executive officers 
and principal shareholders fulfilling record keeping burden, 924 
savings associations fulfilling record keeping and disclosure burden)
    Estimated Time per Response: 2.75 hours
    Estimated Total Annual Burden: 12,705
    For Board:
    OMB Number: 7100-0034
    Estimated Number of Respondents: 4,760 (3,808 executive officers 
and principal shareholders fulfilling record keeping burden, 952 state 
member banks fulfilling record keeping and disclosure burden)
    Estimated Time per Response: 1.12 hours
    Estimated Total Annual Burden: 5,331
    For FDIC:
    OMB Number: 3064-0023
    Estimated Number of Respondents: 26,660 (21,328 executive officers 
and principal shareholders fulfilling record keeping burden, 5,332 
insured state nonmember banks fulfilling record keeping and disclosure 
burden)
    Estimated Time per Response: 1.8 hours
    Estimated Total Annual Burden: 47,988
    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 savings 
associations are required to make certain limited disclosures.
    Abstract: Executive officers and principal shareholders of insured 
banks and savings 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 savings 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 savings 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 could be 
subsequently incorporated into the 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 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,

[[Page 10296]]

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.

    Date: February 12, 2004.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
    Dated: February 19, 2004.

Office of Thrift Supervision
James E. Gilleran,
Director.
    Board of Governors of the Federal Reserve System, February 27, 
2004.
Jennifer J. Johnson,
Secretary of the Board.
    Dated at Washington, D.C., this 11th day of February, 2004.

Federal Deposit Insurance Corporation
Robert E. Feldman,
Executive Secretary.
[FR Doc. 04-4839 Filed 3-3-04; 8:45 am]
BILLING CODES 4810-33; 6720-01; 6210-01; 6714-01