Federal Deposit Insurance Corporation (FDIC).
Notice and request for comment.
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 (44 U.S.C. chapter 35). On July 25, 2013, the FDIC requested comment for 60 days on a proposal to renew the following information collection: Application for Consent to Exercise Trust Powers, OMB Control No. 3064-0025. No comments were received. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the renewal of this collection, and again invites comment on this renewal.
Comments must be submitted on or before October 30, 2013.
Interested parties are invited to submit written comments to the FDIC by any of the following methods:
Email: email@example.com Include the name of the collection in the subject line of the message.
Mail: Gary A. Kuiper (202.898.3877), Counsel, Room NYA-5046, 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.
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FOR FURTHER INFORMATION CONTACT:
Gary A. Kuiper, at the FDIC address above.
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Proposal To Renew the Following Currently-Approved Collection of Information
Title: Application for Consent to Exercise Trust Powers.
OMB Number: 3064-0025.
Form Number: FDIC 6200/09.
Frequency of Response: On occasion.
Affected Public: Insured State nonmember banks wishing to exercise trust powers.
Estimated Number of Eligible Depository Institution Respondents: 10.
Estimated Time per Response for Eligible Depository Institutions: 8 hours.
Estimated Number of Institutions That Do Not Qualify as Eligible Depository Institution Respondents: 5.
Estimated Time per Response for Institutions That Do Not Qualify as Eligible Institutions: 24 hours.
Total estimated annual burden: 200 hours.
General Description of Collection: FDIC regulations (12 CFR 333.2) prohibit any insured State nonmember bank from changing the general character of its business without the prior written consent of the FDIC. The exercise of trust powers by a bank is usually considered to be a change in the general character of a bank's business if the bank did not exercise those powers previously. Therefore, unless a bank is currently exercising trust powers, it must file a formal application to obtain the FDIC's written consent to exercise trust powers. State banking authorities, not the FDIC, grant trust powers to their banks. The FDIC merely consents to the exercise of such powers. Applicants use form FDIC 6200/09 to obtain FDIC's consent.
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.
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Dated at Washington, DC, this 24th day of September 2013.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
[FR Doc. 2013-23649 Filed 9-27-13; 8:45 am]
BILLING CODE 6714-01-P