[Federal Register Volume 60, Number 246 (Friday, December 22, 1995)]
[Notices]
[Pages 66549-66550]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-31142]



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FEDERAL DEPOSIT INSURANCE CORPORATION


Proposed Agency Information Collection Activities; Comment

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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BACKGROUND: A proposed renewal of the following currently approved 
collection of information is hereby published for comment. 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 
are invite 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 estimate 
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 information collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology.

DATES: Comments must be submitted on or before February 20, 1996.

ADDRESSES: Interested parties are invited to submit written comments to 
Steven F. Hanft, FDIC Clearance Officer, (202) 898-3907, Office of the 
Executive Secretary, Federal Deposit Insurance Corporation, 550 17th 
Street NW, Washington, DC 20429. All comments should refer to the OMB 
control number 3064-0114. Comments may be hand-delivered to Room F-400, 
1776 F Street NW, Washington, DC 20429, on business days between 8:30 
a.m. and 5:00 p.m. [FAX number (202) 898-3838; Internet address; 
<a href="/cdn-cgi/l/email-protection#caa9a5a7a7afa4beb98aacaea3a9e4ada5bc"><span class="__cf_email__" data-cfemail="2a494547474f445e596a4c4e4349044d455c">[email protected]</span></a>].

    A copy of the comments may also be submitted to the OMB desk 
officer for the FDIC: Milo Sunderhauf, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Steven F. Hanft, at the address 
identified above.

SUPPLEMENTARY INFORMATION:

Proposed To Revise the Following Currently Approved Collections of 
Information

    Title: Activities of State-Licensed, Insured Branches of Foreign 
Banks.
    Form Number: None.
    OMB Number: 3064-0114.
    Frequency of Response: On occasion.
    Affected Public: State-licensed branches of insured banks.
    Estimated Number of Respondents: 32.
    Estimated Time per Response: 8 burden hours.
    Estimated Total Annual Burden: 256 burden hours.
    General Description of Collection: Section 202 of the Federal 
Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) imposes 
restrictions on the permissible activities of state-licensed branches 
of foreign banks. The statute provides that after December 19, 1992, a 
state-licensed branch of a foreign bank may not engage in any activity 
which is not permissible for a federal branch of a foreign bank unless 
(1) ( the Board of Governors of the Federal Reserve has determined that 
the activity is consistent with safe and sound banking practice, and 
(2) the FDIC has determined that the activity would pose no risk to the 
deposit insurance fund. The collection of information consists of 
procedures to apply for permission to engage in, or continue to engage 
in, an activity which is not permissible for a federal branch of a 
foreign bank, and the submission of a plan to discontinue those 
activities that are deemed to pose significant risk to the deposit 
insurance fund. This collection is contained in the FDIC's regulations 
at 12 CFR part 346.

Request for Comment

    Comments submitted in response to this Notice will be summarized or 
included in the FDIC's request for OMB approval. All comments will 
become a matter of public record. Written comments should address the 
accuracy of the burden estimates and ways to minimize burden including 
the use of automated collection techniques or the use of other forms of 
information technology as well as other relevant aspects of the 
information collection request.


[[Page 66550]]

    Dated at Washington, DC, this 18th day of December 1996.

Federal Deposit Insurance Corporation.
Jerry L. Langley,
Executive Secretary.
[FR Doc. 95-31142 Filed 12-21-95; 8:45 am]
BILLING CODE 6714-01-M

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