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

revision 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

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

control number

[[Page 14781]]

3064-0061. 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 agencies: 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:

Proposal To Revise the Following Currently Approved Collection of

Information

Title: Summary of Deposits.

Form Number: 8020/05.

OMB Number: 3064-0061.

Frequency of Response: Annually.

Affected Public: All offices of all banks with branches in the

United States.

Estimated Number of Respondents: 6,900.

Estimated Time per Response: 3 hours.

Estimated Total Annual Burden: 27,600 burden hours.

General Description of Collection: The Summary of Deposits (SOD)

information collection system is an annual survey to obtain the amount

of deposits held at each office of all banks with branches in the

United States. The survey includes both commercial and savings banks.

The survey date provide a basis for measuring the competitive impact of

bank mergers and has additional use in banking research. The data are

collected as of close of business, June 30.

The proposed revisions to the SOD are described as follows.

Financial institutions previously were required to report three (3)

separate categories for deposits at each branch: (1) ``Individual,

partnership and corporation,'' (2) ``other,'' and (3) ``total.'' Now

only one figure (total deposits) is required. This will lessen the

reporting burden significantly. Reporters were always required to

provide information on changes in address, relocations, new and

purchased branches, and branches closed or sold. They were instructed

to write the information on the form including type of facility and

effective date of transaction. Reporting of changes has now been

formalized by adding columns to report the effective date, type of

transaction and type of facility. In addition to formalizing the

reporting of changes, the new format will facilitate the automated

interface of these changes to the Corporation's Structure database

rather than doing them manually. The new SOD survey form will also

facilitate electronic reporting of the Summary of Deposits survey in

the future (1997) as well as be similar to the Thrift SOD survey

provided the Office of Thrift Supervision.

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, DC, this 28th day of March, 1996.

Federal Deposit Insurance Corporation.

Jerry L. Langley,

Executive Secretary.

[FR Doc. 96-8113 Filed 4-2-96; 8:45 am]

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