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 if 1995 (44 U.S.C. chapter 35). Currently, the FDIC is

soliciting comments concerning an information collection title

``Transfer Agent Registration and Amendment Form.''

DATES: Comment must be submitted on or before June 1, 1998.

ADDRESSES: Interested parties are invited to submit written comments to

Tamara R. Manly, Management Analyst (Regulatory Analysis), (202) 898-

7453, Office of the Executive Secretary, Room 4022, Attention:

Comments/OES, Federal Deposit Insurance Corporation, 550 17th Street

N.W., Washington, D.C. 20429. All comments should refer to ``Transfer

Agent Registration and Amendment Form. '' Comments may be hand-

delivered to the guard station at the rear of the 17th Street Building

(located on F Street), on business days between 7:00 a.m. and 5:00 p.m.

(FAX number: (202) 898-3838; Internet address: C[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:

Tamara R. Manly, at the address identified above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently

approved collection of information:

Title: Transfer Agent Registration and Amendment Form.

OMB Number: 3064-0026.

Form Number: TA-1.

Frequency of Response: As needed.

Affected Public: Any depository institution that seeks to perform

transfer agent functions.

Estimated Number of Respondents: 28.

Estimated Time per Response: 1.25 hours (initial registration), .17

hours (amendment).

Estimated Total Annual Burden: 14 hours.

General Description of Collection: Section 17A(c)(1) of the

Securities Exchange Act of 1934 (15 USC 78q) requires a bank to

register with the appropriate Federal bank regulator prior to

performing any transfer agent function. Under FDIC regulation 12 CFR

341, an insured nonmember bank uses form TA-1 to register with the

FDIC.

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

[[Page 15417]]

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 25th day of March, 1998.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 98-8355 Filed 3-30-98; 8:45 am]

BILLING CODE 6714-01-M