[Federal Register Volume 81, Number 57 (Thursday, March 24, 2016)]
[Notices]
[Pages 15706-15707]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-06648]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request (3064-0169)
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 the renewal of an
existing information collection, as required by the Paperwork Reduction
Act of 1995. Currently, the FDIC is soliciting comment on the renewal
of the information collection described below.
DATES: Comments must be submitted on or before May 23, 2016.
[[Page 15707]]
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
http://www.FDIC.gov/regulations/laws/federal/.
Email: [email protected]. Include the name and number of
the collection in the subject line of the message.
Mail: Gary A. Kuiper (202.898.3877), Counsel, MB-3016 or
Manuel E. Cabeza (202.898.3767), Counsel MB-3105, Federal Deposit
Insurance Corporation, 550 17th Street NW., Washington, DC 20429.
Hand Delivery: 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.
All comments should refer to the relevant OMB control number. A
copy of the comments may also be submitted to the OMB desk officer for
the FDIC: Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.
FOR FURTHER INFORMATION CONTACT: Gary Kuiper or Manuel Cabeza, at the
FDIC address above.
SUPPLEMENTARY INFORMATION: Proposal to renew the following currently-
approved collection of information:
Title: Qualifications for Failed Bank Acquisitions.
OMB Number: 3064-0169.
Form Numbers: None.
Affected Public: Private sector and insured state nonmember banks
and savings associations.
Burden Estimate:
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Number of Average hours Responses per
respondents per response year Total hours
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Investor Reports on Affiliates (reporting 20 2 12 480
burden)........................................
Maintenance of Business Books (record keeping 5 2 4 40
burden)........................................
Disclosures Regarding Investors and Entities in 20 4 4 >320
Ownership Chain (reporting burden).............
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Total Burden Hours.......................... .............. .............. .............. 840
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General Description: The FDIC's policy statement on Qualifications
for Failed Bank Acquisitions provides guidance to private capital
investors interested in acquiring or investing in failed insured
depository institutions regarding the terms and conditions for such
investments or acquisitions. The information collected pursuant to the
policy statement allows the FDIC to evaluate, among other things,
whether such investors (and their related interests) could negatively
impact the Deposit Insurance Fund, increase resolution costs, or
operate in a manner that conflict with statutory safety and soundness
principles and compliance requirements.
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 collection of
information, 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
collection of information 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 21st day of March 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-06648 Filed 3-23-16; 8:45 am]
BILLING CODE 6714-01-P