Proposed Agency Information Collection Activities; Comment

FEDERAL DEPOSIT INSURANCE CORPORATION

Proposed Agency Information Collection Activities; Comment

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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BACKGROUND: A proposed renewal of the following currently approved

collection of information is hereby published for comment. 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

are invite 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 estimate

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 information collection on respondents,

including through the use of automated collection techniques or other

forms of information technology.

DATES: Comments must be submitted on or before February 20, 1996.

ADDRESSES: Interested parties are invited to submit written comments to

Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907, Office of the

Executive Secretary, Federal Deposit Insurance Corporation, 550 17th

Street NW, Washington, DC 20429. All comments should refer to the OMB

control number 3064-0114. Comments may be hand-delivered to Room F-400,

1776 F Street NW, Washington, DC 20429, on business days between 8:30

a.m. and 5:00 p.m. [FAX number (202) 898-3838; Internet address;

[email protected]].

A copy of the comments may also be submitted to the OMB desk

officer for the FDIC: Milo Sunderhauf, Office of Information and

Regulatory Affairs, Office of Management and Budget, New Executive

Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Steven F. Hanft, at the address

identified above.

SUPPLEMENTARY INFORMATION:

Proposed To Revise the Following Currently Approved Collections of

Information

Title: Activities of State-Licensed, Insured Branches of Foreign

Banks.

Form Number: None.

OMB Number: 3064-0114.

Frequency of Response: On occasion.

Affected Public: State-licensed branches of insured banks.

Estimated Number of Respondents: 32.

Estimated Time per Response: 8 burden hours.

Estimated Total Annual Burden: 256 burden hours.

General Description of Collection: Section 202 of the Federal

Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) imposes

restrictions on the permissible activities of state-licensed branches

of foreign banks. The statute provides that after December 19, 1992, a

state-licensed branch of a foreign bank may not engage in any activity

which is not permissible for a federal branch of a foreign bank unless

(1) ( the Board of Governors of the Federal Reserve has determined that

the activity is consistent with safe and sound banking practice, and

(2) the FDIC has determined that the activity would pose no risk to the

deposit insurance fund. The collection of information consists of

procedures to apply for permission to engage in, or continue to engage

in, an activity which is not permissible for a federal branch of a

foreign bank, and the submission of a plan to discontinue those

activities that are deemed to pose significant risk to the deposit

insurance fund. This collection is contained in the FDIC's regulations

at 12 CFR part 346.

Request for Comment

Comments submitted in response to this Notice will be summarized or

included in the FDIC's request for OMB approval. All comments will

become a matter of public record. Written comments should address the

accuracy of the burden estimates and ways to minimize burden including

the use of automated collection techniques or the use of other forms of

information technology as well as other relevant aspects of the

information collection request.

[[Page 66550]]

Dated at Washington, DC, this 18th day of December 1996.

Federal Deposit Insurance Corporation.

Jerry L. Langley,

Executive Secretary.

[FR Doc. 95-31142 Filed 12-21-95; 8:45 am]

BILLING CODE 6714-01-M