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: 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

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 March 11, 1997.

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 3064-0122. 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: Alexander Hunt, Project 3064-0122, 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 Revise the Following Currently Approved Collection of

Information

Title: Forms Relating to FDIC Outside Counsel Services Contracting.

Form Number: FDIC 1600/05, FDIC 5200/01.

OMB Number: 3064-0122.

Frequency of Response: On occasion.

Affected Public: Law firms wishing to do business with the FDIC and

those under contract with the FDIC.

Estimated Number of Respondents: FDIC Form 1600/05--2,500; FDIC

Form 5200/01--500.

Estimated Time per Response: FDIC Form 1600/05--.5 hours; FDIC Form

5200/01--1.25 hours.

Estimated Annual Burden: The OMB previously approved an information

collection for FDIC outside counsel budgeting and invoicing with an

annual burden of 3,804 hours under OMB No. 3064-0122 (November 25,

1996). The estimated additional burden imposed by FDIC Form 1600/05 is

1,250 burden hours and by FDIC Form 5200/01 is 625 hours, or a total

additional burden of 1,875 hours. The annual burden, including both the

already approved budgeting and invoicing collection of information and

the additional request would be a total of 5,679 burden hours.

General Description of Collection: Section 19 of the Resolution

Trust Corporation Completion Act required the FDIC to prescribe a

regulation to ensure that persons providing services to be FDIC meet

minimum standards of competence, experience, integrity and fitness, and

to govern conflicts of interest. Pursuant to that mandate, the FDIC

established a ``Contractor Conflicts of Interest'' regulation, 12 CFR

Part 366, that became effective April 10, 1996. The FDIC's Contractor

Conflicts of Interest regulation requires FDIC contractors, including

law firms covered by this collection of information, to submit

representations and certifications about themselves and their

employees, agents and subcontractors who will perform services under an

FDIC contract. Law firms desiring to provide services for the FDIC will

use Form 5200/01 to make the representations and certifications about

themselves required by 12 CFR Part 366. Individual employees, agents

and subcontractors will use Form 1600/05 to make representations and

certifications about themselves, and to authorize the release of

information about themselves so that the FDIC can verify the

representations and certifications.

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

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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 6th day of January 1997.

Federal Deposit Insurance Corporation.

Jerry L. Langley,

Executive Secretary.

[FR Doc. 97-563 Filed 1-9-97; 8:45 am]

BILLING CODE 6714-01-M