[Federal Register Volume 69, Number 107 (Thursday, June 3, 2004)]
[Notices]
[Pages 31376-31377]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-12504]


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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 proposed and/or 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is 
soliciting comments concerning the following collections of information 
titled: (1) Application for Waiver of Prohibition on Acceptance of 
Brokered Deposits by Adequately Capitalized Insured Institutions; (2) 
Real Estate Lending Standards; (3) Management Official Interlocks.

DATES: Comments must be submitted on or before August 2, 2004.

ADDRESSES: Interested parties are invited to submit written comments to 
Leibella A. Unciano, Legal Division (202) 898-3738, Federal Deposit 
Insurance Corporation, 550 17th Street NW., Washington, DC 20429. 
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 also be submitted to the OMB desk officer for the 
FDIC: Joseph F. Lackey, Jr., Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Leibella A. Unciano, at the address 
identified above.

SUPPLEMENTARY INFORMATION:

Proposal to Renew the Following Currently Approved Collections of 
Information

    1. Title: Application for Waiver of Prohibition on Acceptance of 
Brokered Deposits by Adequately Capitalized Insured Institutions.
    OMB Number: 3064-0099.
    Frequency of Response: On occasion.
    Affected Public: Any depository institution seeking a waiver to the 
prohibition on the acceptance of brokered deposits.
    Estimated Number of Respondents: 30.
    Estimated Time per Response: 6 hours.
    Total Annual Burden: 180 hours.
    General Description of Collection: Section 29 of the Federal 
Deposit Insurance Act prohibits undercapitalized insured depository 
institutions from accepting, renewing, or rolling over any brokered 
deposits. Adequately capitalized institutions may do so with a waiver 
from the FDIC, while well-capitalized institutions may accept, renew, 
or roll over brokered deposits without restriction.

    2. Title: Real Estate Lending Standards.
    OMB Number: 3064-0112.
    Frequency of Response: On occasion.
    Affected Public: Any financial institution engaging in real estate 
lending.
    Estimated Number of Respondents: 5,300.
    Estimated Time per Response: 20 hours.
    Total Annual Burden: 106,000 hours.
    General Description of Collection: Institutions will use real 
estate lending policies to guide their lending operations in a manner 
that is consistent with safe and sound banking practices and 
appropriate to their size, nature and scope of their operations. These 
policies should address certain lending considerations, including loan-
to-value limits, loan administration policies, portfolio 
diversification standards, and documentation, approval and reporting 
requirements.

    3.Title: Management Official Interlocks.
    OMB Number: 3064-0118.
    Frequency of Response: On occasion.
    Affected Public: Management officials of insured nonmember banks 
and their affiliates.
    Estimated Number of Respondents: 2.
    Estimated Time per Response: 4 hours.
    Total Annual burden: 8 hours.
    General Description of Collection: The collection is associated 
with the FDIC's Management Official Interlocks

[[Page 31377]]

regulation, 12 CFR part 348, which implements the Depository 
Institution Management Interlocks Act (DIMIA). DIMIA generally 
prohibits bank management officials from serving simultaneously with 
two unaffiliated depository institutions or their holding companies but 
allows the FDIC to grant exemptions in appropriate circumstances.

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 
these collections. All comments will become a matter of public record.


    Dated at Washington, DC, this 27th day of May, 2004.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 04-12504 Filed 6-2-04; 8:45 am]
BILLING CODE 6714-01-P