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

``Recordkeeping and Confirmation Requirements for Securities

Transactions.''

DATES: Comments must be submitted on or before February 18, 2000.

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

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

``Recordkeeping and Confirmation Requirements for Securities

Transactions.'' 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: [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: Recordkeeping and Confirmation Requirements for Securities

Transactions.

OMB Number: 3064-0028.

Frequency of Response: On occasion.

Affected Public: All financial institutions.

Estimated Number of Respondents: 5,094.

Estimated Time per Response: 19.44 hours.

Estimated Total Annual Burden: 99,027 hours.

General Description of Collection: The collection ensures that

banks effecting securities transactions maintain adequate records and

controls over securities transactions they effect.

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 13th day of December, 1999.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 99-32825 Filed 12-17-99; 8:45 am]

BILLING CODE 6714-01-P