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.

-----------------------------------------------------------------------

SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork

and respondent burden, invites the general public and other Federal

agencies to take this opportunity to comment on proposed and/or

continuing information collections, as required by the Paperwork

Reduction Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is

soliciting comments concerning an information collection titled

``Notices Required of Government Securities Dealers or Brokers.''

DATES: Comments must be submitted on or before May 20, 1997.

ADDRESSES: Interested parties are invited to submit written comments to

Steven F. Hanfit, 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

``Notices Required of Government Securities Dealers or Brokers.''

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 FDIC: Alexander Hunt, 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. Handft, at the address

identified above.

SUPPLEMENTARY INFORMATION: Proposed to renew the following currently

approved collection of information:

Title: Notice Required of Government Securities Dealers or Brokers.

OMB Number: 3064-0093.

Frequency of Response: Occasional.

Affected Public: FDIC-insured state nonmember banks and associated

persons operating as government securities dealers.

Estimated Number of Respondents: G-FIN 4; G-FINW 6; G-FIN-4 50; G-

FIN-5 120; Total 180.

Estimated Time per Response: 1 hour.

Estimated Total Annual Burden: 180 hours.

General Description of Collection: The Government Securities Act of

1986 requires all financial institutions that function as government

securities brokers and government securities dealers to notify their

designated federal regulatory agencies of their broker-dealer

activities. The Board of Governors of the Federal Reserve System has

responsibility for establishing the G-FIN, a notification of status as

government securities broker or dealer, and Form G-FINW, a notification

of termination of status as government securities broker or dealer. The

Department of the Treasury has responsibility for establishing Form G-

FIN-4, a notification by persons associated with financial institutions

that are government securities brokers or dealers, and G-FIN-5, a

notification of termination of association with financial institutions

that are government securities brokers or dealers.

Request for Comment

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 estimates 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 the information

collection on respondents, including through the use of automated

collection techniques or other forms of information technology.

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 submitted in response to this notice also 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.

Dated at Washington, D.C., this 14th day of March, 1997.

Federal Deposit Insurance Corporation.

Jerry L. Langley,

Executive Secretary.

[FR Doc. 97-6960 Filed 3-19-97; 8:45 am]

BILLING CODE 6714-01-M