[Federal Register Volume 70, Number 38 (Monday, February 28, 2005)]
[Notices]
[Page 9649]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-3770]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; 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 an information collection titled ``Flood 
Insurance.''

DATES: Comments must be submitted on or before April 29, 2005.

ADDRESSES: Interested parties are invited to submit written comments to 
Gary A. Kuiper, Counsel, (202) 942-3824, Legal Division, Federal 
Deposit Insurance Corporation, 550 17th Street, NW., PA1730-3000, 
Washington, DC 20429. All comments should refer to ``Flood Insurance.'' 
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. [FAX number (202) 898-3838; Internet address: 
[email protected]]. Comments may be inspected and photocopied in the 
FDIC Public Information Center, 801 17th Street, NW., Room 100, 
Washington, DC between 9 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 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: Gary A. Kuiper, at the address 
identified above.

SUPPLEMENTARY INFORMATION:
    Proposal to renew the following currently approved collection of 
information:
    Title: Flood Insurance.
    OMB Number: 3064-0120.
    Frequency of Response: On occasion.
    Affected Public: Any depository institution that makes one or more 
loans to be secured by a building located on property in a special 
flood hazard area.
    Estimated Number of Respondents/Recordkeepers: 5,272.
    Estimated Number of Transactions: 180,000.
    Estimated Reporting Hours: .05 hours x 180,000 = 9,000.
    Estimated Recordkeeping Hours: 5,272 hours.
    Estimated Total Annual Reporting and Recordkeeping Burden Hours: 
5,272 + 9,000 = 14,272 hours.
    General Description of Collection: Each supervised lending 
institution is currently required to provide a notice of special flood 
hazards to each borrower with a loan secured by a building or mobile 
home located or to be located in an area identified by the Director of 
the Federal Emergency Management Administration as being subject to 
special flood hazards. The Riegle Community Development Act requires 
that each institution must also provide a copy of the notice to the 
servicer of the loan (if different from the originating lender).

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 22nd day of February, 2005.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 05-3770 Filed 2-25-05; 8:45 am]
BILLING CODE 6714-01-P