[Federal Register Volume 78, Number 120 (Friday, June 21, 2013)]
[Notices]
[Pages 37539-37540]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-14883]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Proposed Agency Information Collection Activities: Submission for
OMB Review; Comment Request Re Application for Consent To Reduce or
Retire Capital
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, as required by the Paperwork
Reduction Act of 1995 (4 U.S.C. chapter 35), to comment on renewal of
an existing information collection as required by the PRA. On April 16,
2012 (78 FR 22544), the FDIC solicited public comment for a 60-day
period on renewal without change of its ``Application for Consent to
Reduce or Retire Capital'' information collection (OMB No. 3064-0079).
One comment was received. The commenter expressed support for the
information collection as necessary for the FDIC's performance of its
statutory functions. Therefore, the FDIC hereby gives notice of
submission of its request for renewal to OMB for review.
DATES: Comments must be submitted on or before July 22, 2013.
ADDRESSES: Interested parties are invited to submit written comments.
All comments should refer to the name of the collection. Comments may
be submitted by any of the following methods:
http://www.FDIC.gov/regulations/laws/federal/propose.html.
Email: [email protected].
Mail: Leneta G. Gregorie (202.898.3719), Counsel, Federal
Deposit Insurance Corporation, 550 17th
[[Page 37540]]
Street NW., Room NY-5050, Washington, DC 20429.
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 550 17th Street Building (located on F
Street), on business days between 7:00 a.m. and 5:00 p.m.
A copy of the comments may also be submitted to the FDIC Desk
Officer, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 10235,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: For further information about this
information collection, please contact Leneta G. Gregorie, by telephone
at (202) 898-3719 or by mail at the address identified above. In
addition, copies of the forms contained in the collection can be
obtained at the FDIC's Web site: http://www.fdic.gov/regulations/laws/federal/notices.html.
SUPPLEMENTARY INFORMATION:
The FDIC is requesting OMB approval to renew the following
information collection:
Title: Application for Consent to Reduce or Retire Capital.
OMB Number: 3064-0079.
Form Number: None.
Estimated Number of applications: 64.
Burden per application: 1 hour.
Total annual burden: 64 hours.
General Description of Collection: This collection requires insured
state nonmember banks that propose to change their capital structure to
submit an application containing information about the proposed change
in order to obtain FDIC's consent to reduce or retire capital. The
requirements are set forth in section 18(i) of the Federal Deposit
Insurance Act (12 U.S.C. 1828(i)) and Part 303 of the FDIC's
regulations (12 CFR 303.241). The FDIC evaluates the information
contained in the letter application in relation to statutory
considerations and makes a decision to grant or to withhold consent.
The statutory considerations include the financial history and
condition of the bank; the adequacy of its capital structure; its
future earnings prospects; the general character and fitness of its
management; the convenience and needs of the community to be served;
and, whether or not its corporate powers are consistent with the
purpose of the Act.
Request for Comment
Comments are invited on: (a) Whether these collections of
information are 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 the
information collection on respondents, including through the use of
automated collection techniques or other forms of information
technology. All comments will become a matter of public record.
Dated at Washington, DC, this 18th day of June, 2013.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013-14883 Filed 6-20-13; 8:45 am]
BILLING CODE 6714-01-P