Agency Information Collection Activities; Proposals, Submissions, and Approvals
Federal Register: October 6, 2008 (Volume 73, Number 194)
Notices
Page 58235-58236
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
DOCID:fr06oc08-72
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Submission for OMB
Review; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice of information collections to be submitted to OMB for review and approval under the Paperwork Reduction Act of 1995.
SUMMARY: In accordance with requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the FDIC hereby gives notice that it plans to submit to the Office of Management and Budget (OMB) a request for OMB review and renewal the collections of information described below:
DATES: Comments must be submitted on or before November 5, 2008.
ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods. All comments should refer to the name of the collection as well as the OMB control number(s):
Web site: http://www.FDIC.gov/regulations/laws/federal/ notices.html.
Email: mail to: Comments@FDIC.gov. Include the name of the collection in the subject line of the message.
Mail: Herbert J. Messite (202-898-6834), Counsel, Room F- 1052, Federal Deposit Insurance Corporation, 550 17th Street, NW.,
Washington, DC 20429.
Hand Delivery: 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: Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 10235, 725 17th Street, NW., Washington, DC 20503.
Page 58236
FOR FURTHER INFORMATION CONTACT: Herbert J. Messite, at the address or telephone number identified above.
SUPPLEMENTARY INFORMATION: Proposal to renew the following currently approved collections of information: 1. Title: Uniform Application/Uniform Termination for Municipal
Securities Principal or Representative.
OMB Number: 3064-0022.
Form Number: MSD-4; MSD-5
Frequency of Response: On occasion.
Affected Public: Business or other financial institutions.
Estimated Number of Respondents: 75.
Estimated Time per Response: 1 hour.
Total Annual Burden: 75 hours.
General Description of Collection: An insured state nonmember bank which serves as a municipal securities dealer must file Form MSD-4 or
MSD-5, as applicable, to permit an employee to become associated or to terminate the association with the municipal securities dealer. FDIC uses the form to ensure compliance with the professional requirements for municipal securities dealers in accordance with the rules of the
Municipal Securities Rulemaking Board. 2. Title: Request for Deregistration for Registered Transfer
Agents.
OMB Number: 3064-0027.
Frequency of Response: On occasion.
Affected Public: Business or other financial institutions.
Estimated Number of Respondents: 10.
Estimated Time per Response: .42 hours.
Total Annual Burden: 4.2 hours.
General Description of Collection: An insured nonmember bank or a subsidiary of such a bank that functions as a transfer agent may withdraw from registration as a transfer agent by filing a written notice of withdrawal with the FDIC as provided by 12 CFR 341.5. 3. Title: Notification of Performance of Bank Services
OMB Number: 3064-0029.
Form Number: FDIC 6120/06.
Frequency of Response: On occasion.
Affected Public: Business or other financial institutions.
Estimated Number of Respondents: 400.
Estimated Time per Response: \1/2\ hour.
Total Annual Burden: 200 hours.
General Description of Collection: Insured state nonmember banks are required to notify the FDIC, under section 7 of the Bank Service
Corporation Act (12 U.S.C. 1867), of the relationship with a bank service corporation. Form FDIC 6120/06 (Notification of Performance of
Bank Services) may be used by banks to satisfy the notification requirement. 4. Title: Summary of Deposits.
OMB Number: 3064-0061.
Form Number: 8020/05 (7-95).
Frequency of Response: Annually.
Affected Public: All insured financial institutions.
Estimated Number of Respondents: 6,000.
Average Estimated Time per Response: 3 hours.
Total Annual Burden: 18,000 hours.
General Description of Collection: The Summary of Deposits annual survey obtains data about the amount of deposits held at each office of all insured banks with branches in the United States. The survey data provides a basis for measuring the competitive impact of bank mergers and has additional use in banking research. 5. Title: External Audits.
OMB Number: 3064-0113.
Frequency of Response: Annually
Affected Public: All insured financial institutions with total assets of $500 Million or more, and other insured financial institutions with total assets of less than $500 Million that voluntarily choose to comply.
Estimated Number of Respondents: 5,205
Average Estimated Time per Response: (a) Financial institutions with assets of $1 Billion or more: 65.05 hours; (b) financial institutions with assets of $500 Million, but less than $1 Billion: 8.10 hours; (c) financial institutions with total assets less than $500
Million: 25 minutes.
Total Annual Burden: 83,324 hours.
General Description of Collection: FDIC's regulations at 12 CFR 363 establish annual independent audit and reporting requirements for financial institutions with total assets of $500 Million or more. The requirements include the submission of an annual report on their financial statements, recordkeeping about management deliberations regarding external auditing and reports about changes in auditors. The information collected is used to facilitate early identification of problems in financial management at financial institutions.
Request for Comment
Comments are invited on: (a) Whether the collections of information are 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 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; 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. All comments will become a matter of public record.
Dated at Washington, DC, this 1st day of October, 2008.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
FR Doc. E8-23495 Filed 10-3-08; 8:45 am
BILLING CODE 6714-01-P
