Agency Information Collection Activities: Proposed Collection Renewals; Comment Request

AGENCY:

Federal Deposit Insurance Corporation (FDIC).

ACTION:

Notice and request for comment.

SUMMARY:

In accordance with requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct or sponsor, and the respondent is not required to respond to an information collection unless it displays a currently valid Office of Management and Budget control number. The FDIC hereby gives notice that it is seeking public comment on renewal of four information collections described below.

DATES:

Comments must be submitted on or before February 4, 2011.

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/notices.html.
• E-mail: comments@fdic.gov. Include the name of the collection in the subject line of the message.
• Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room F-1084, 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 a.m. and 5 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:

Leneta Gregorie, at the FDIC address above.

SUPPLEMENTARY INFORMATION:

Proposal to renew the following currently approved collections of information:

1. Title: Procedures for Monitoring Bank Secrecy Act Compliance.

OMB Number: 3064-0087.

Frequency of Response: On occasion.

Affected Public: Insured state nonmember banks.

Estimated Number of Respondents: 4,822.

Estimated Time per Response: 67.5 hours.

Total Annual Burden: 325,620 hours.

General Description of Collection: Respondents must establish and maintain procedures designed to assure and monitor their compliance with the requirements of the Bank Secrecy Act and the implementing regulations promulgated by the Department of Treasury at 31 CFR part 103. Respondents must also provide training for appropriate personnel.

2. Title: Interagency Biographical and Financial Report.

OMB Number: 3064-0006.

Affected Public: Individuals or households; businesses or others for profit.

Estimated Number of Respondents: 1,769.

Frequency of Response: On occasion.

Estimated Annual Burden Hours per Response: 4.

Estimated Total Annual Burden Hours: 7,076.

3. Title: Interagency Bank Merger Act Application.

OMB Number: 3064-0015.

Affected Public: Individuals or households; businesses or others for profit.

Estimated Number of Respondents: 275.

Frequency of Response: On occasion.

Estimated Annual Burden Hours per Response: 23.5.

Estimated Total Annual Burden Hours: 6,463.

4. Title: Interagency Notice of Change in Control.

OMB Number: 3064-0019.

Affected Public: Individuals or households; businesses or others for profit.

Estimated Number of Respondents: 27.

Frequency of Response: On occasion.

Estimated Annual Burden Hours per Response: 30.

Estimated Total Annual Burden Hours: 810.

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. All comments will become a matter of public record.