Agency Information Collection Activities: Proposed Collection; Comment Request

FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Proposed Collection;

Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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BACKGROUND: In accordance with the requirements of the Paperwork

Reduction Act of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct

or sponsor, and the respondent is not required to respond to, an

information collection that has been extended, revised, or implemented

on or after October 1, 1995, unless it displays a currently valid

Office of Management and Budget (OMB) control number. 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 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 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 June 3, 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 N.W., Washington, D.C. 20429. All comments should refer to the

OMB control number 3064-0104. Comments may be hand-delivered to Room F-

400, 1776 F Street, N.W., Washington, D.C. 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 agencies: Milo Sunderhauf, Office of Information and

Regulatory Affairs, Office of Management and Budget, New Executive

Office Building, Room 3208, Washington, D.C. 20503.

FOR FURTHER INFORMATION CONTACT:

Steven F. Hanft, at the address identified above.

SUPPLEMENTARY INFORMATION:

Proposal To Renew the Following Currently Approved Collection of

Information

Title: Activities and Investments of Savings Associations.

Form Number: N/A.

OMB Number: 3064-0104.

Frequency of Response: On occasion.

Affected Public: Savings associations.

Estimated Number of Respondents: 45.

Estimated Time per Response: 8.89 hours.

Estimated Total Annual Burden: 400 burden hours.

General Description of Collection: Section 28 of the FDIC Act (12

U.S.C. 1831e) imposes restrictions on the powers of savings

associations which reduce the risk of loss to the insurance funds and

eliminate some differences between the powers of state associations and

those of federal associations. Some of the restrictions apply to all

savings associations, some to state chartered associations only, and

some to federally chartered associations only. The statute exempts some

federal savings banks and associations from the restrictions, and

provides for the FDIC to grant exemptions to other associations under

certain circumstances. The applications for exemption constitute this

collection of information.

Request for Comment

Comments submitted in response to this Notice 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. 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.

Dated at Washington, D.C., this 28th day of March, 1996.

Federal Deposit Insurance Corporation.

Jerry L. Langley,

Executive Secretary.

[FR Doc. 96-8112 Filed 4-2-96; 8:45 am]

BILLING CODE 6714-01-M