Agency Information Collection Activities: Submission for OMB Review; Comment Request

FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Submission for OMB

Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collection to be submitted to OMB for

review and approval under the Paperwork Reduction Act of 1995.

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

SUMMARY: In accordance with requirements of the Paperwork Reduction Act

of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it

plans to submit to the Office of Management and Budget (OMB) a request

for OMB review and approval of the information collection system

described below.

Type of Review: Renewal of a currently approved collection.

Title: Notice of Branch Closure.

OMB Number: 3064-0109.

Annual Burden: Estimated annual number of respondents--892;

Estimated time per response--2.4 hours; Average annual burden hours--

2,140 hours.

Expiration Date of OMB Clearance: September 30, 1998.

OMB Reviewer: Alexander T. Hunt, (202) 395-7860, Office of

Management and Budget, Office of Information and Regulatory Affairs,

Washington, D.C. 20503.

FDIC Contact: Tamara R. Manly, (202) 898-7453, Office of the

Executive Secretary, Room F-4058, Federal Deposit Insurance

Corporation, 550 17th Street N.W., Washington, D.C. 20429.

Comments: Comments on this collection of information are welcome

and should be submitted on or before August 27, 1998 to both the OMB

reviewer and the FDIC contact listed above.

ADDRESSES: Information about this submission, including copies of the

proposed collection of information, may be obtained by calling or

writing the FDIC contact listed above.

SUPPLEMENTARY INFORMATION: Section 42 of the Federal Deposit Insurance

Act mandates that an institution that proposes to close a branch notify

its primary Federal regulator no later than 90 days prior to the

closing. The statute also provides that a notice be posted on the

premises of the branch for the 30-day period immediately prior to the

closing and that the customers be notified in a mailing at least 90

days prior to the closing. Each insured depository institution is

required to adopt policies for branch closing.

Dated: July 22, 1998.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 98-20056 Filed 7-27-98; 8:45 am]

BILLING CODE 6714-01-M