[Federal Register Volume 69, Number 104 (Friday, May 28, 2004)]
[Notices]
[Pages 30653-30654]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-12106]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Renewal of an 
Information Collection; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on the proposed renewal of 
an information collection, as required by the Paperwork Reduction Act 
of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting 
comments concerning an information collection titled ``Foreign 
Branching and Investment By Insured State Nonmember Banks.''

DATES: Comments must be submitted on or before July 27, 2004.

ADDRESSES: Interested parties are invited to submit written comments to 
Leneta Gregorie, Counsel, Legal Division, Room 3062, Attention: 
Comments/Legal Division, Federal Deposit Insurance Corporation, 550 
17th Street, NW., Washington, DC 20429. All comments should refer to 
``Foreign Branching and Investment by Insured State Nonmember Banks.'' 
Comments may be hand-delivered to the guard station at the rear of the 
17th Street Building (located on F Street), on business days between 7 
a.m. and 5 p.m. Comments may be submitted electronically to 
[email protected]. Comments may also be submitted to the OMB desk 
officer for the FDIC: Mark Menchik, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Leneta G. Gregorie, (202) 898-3719, or 
at the address identified above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collection of information:
    Title: Foreign Branching and Investment By Insured State Nonmember 
Banks.
    OMB Number: 3064-0125.
    Affected Public: All financial institutions.
    Estimated Number of Respondents: 61.
    Estimated Number of Responses: 61.
    Estimated Time per Response: 2 hours-400 hours.
    Estimated Total Annual Burden: 20,298 hours.
    General Description of Collection: The Federal Deposit Insurance 
(FDI) Act requires nonmember banks to obtain FDIC consent to establish 
or operate a branch in a foreign country, or to acquire and hold, 
directly or indirectly, stock or other evidences of ownership in any 
foreign bank or other entity. The FDI Act also authorizes the FDIC to 
impose conditions for such consent and to issue regulations related 
thereto. The information collection activities attributable to 12 CFR 
part 347 and part 303, subpart J are a direct consequence of these 
statutory requirements.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the 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; and (d) ways to minimize the burden of the information 
collection on respondents, including through the use of automated 
collection techniques or other forms of information technology.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the 
collection should be modified prior to submission to OMB for review and 
approval. Comments submitted in response to this notice also will be 
summarized or included in the FDIC's requests to OMB for renewal of 
this collection. All comments will become a matter of public record.

    Dated at Washington, DC, this 24th day of May, 2004.


[[Page 30654]]


Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 04-12106 Filed 5-27-04; 8:45 am]
BILLING CODE 6714-01-P