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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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

``Interagency Biographical and Financial Report.''

DATES: Comments must be submitted on or before December 6, 1999.

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 4058, Attention:

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

NW, Washington, DC 20429. All comments should refer to ``Interagency

Biographical and Financial Report.'' 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 a.m. and 5 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, DC 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: Interagency Biographical and Financial Report.

OMB Number: 3064-0006.

Frequency of Response: On occasion.

Affected Public: All financial institutions.

Estimated Number of Respondents: 2,200.

Estimated Time per Response: 4 hours.

Estimated Total Annual Burden: 8,800 hours.

General Description of Collection: The Interagency Biographical and

Financial Report is submitted to the FDIC by each individual director

or officer of a proposed or operating financial institution applying

for federal deposit insurance as a state nonmember bank. The

information is used by the FDIC to evaluate the general character of

bank management as required by the Federal Deposit Insurance Act.

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)

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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 29th day of September 1999.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 99-26058 Filed 10-5-99; 8:45 am]

BILLING CODE 6714-01-P