[Federal Register Volume 71, Number 49 (Tuesday, March 14, 2006)]
[Notices]
[Page 13127]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-3539]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal (0028); 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 continuing collection of 
information titled: Recordkeeping and Confirmation Requirements for 
Securities Transactions (3064-0028).

DATES: Comments must be submitted on or before May 15, 2006.

ADDRESSES: Interested parties are invited to submit written comments by 
any of the following methods. All comments should refer to the name and 
number of the collection:
     http://www.FDIC.gov/regulations/laws/federal/notices.html.
     E-mail: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Gary A. Kuiper (202.942.3824), Counsel, Federal 
Deposit Insurance Corporation, Suite 2100, 550 17th Street, NW., 
Washington, DC 20429.
     Hand Delivery: 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.
    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: Recordkeeping and Confirmation Requirements for Securities 
Transactions.
    OMB Number: 3064-0028.
    Frequency of Response: On occasion.
    Affected Public: All financial institutions.
    Previous Estimated Number of Respondents: 4,732.
    Current Estimated Number of Respondents: 4,606.
    Average annual burden hours per Respondent: 27.91.
    Previous Estimated Total Annual Burden: 132,070 hours.
    Current Estimated Total Annual Burden: 128,553 hours.
    Reduction in Burden: 3517 hours.
    General Description of Collection: The information collection 
requirements are contained in 12 CFR part 344. The regulation's purpose 
is to ensure that purchasers of securities in transactions effected by 
insured state nonmember banks are provided with adequate information 
concerning the transactions. The regulation is also designed to ensure 
that insured state nonmember banks maintain adequate records and 
controls with respect to the securities transactions they effect.

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 8th day of March, 2006.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E6-3539 Filed 3-13-06; 8:45 am]
BILLING CODE 6714-01-P