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 existing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the FDIC is soliciting comment on renewal of the information collection described below.
Comments must be submitted on or before July 31, 2017.
Interested parties are invited to submit written comments to the FDIC by any of the following methods:
Email: email@example.com. Include the name and number of the collection in the subject line of the message.
Mail: Manny Cabeza (202-898-3767). Counsel, MB 3007, 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:
Manny Cabeza at (202) 898-3767 or at the FDIC address noted above.
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Proposal to renew the following currently approved collections of information:
1. Title: Interagency Bank Merger Act Application.
OMB Number: 3064-0015.
Form Number: None.
Affected Public: Individuals or households; business or other for profit.
Estimated Number of Respondents: 241.
Frequency of Response: On occasion.
Estimated Average Burden Hours per Response: 23.5 hours.
Estimated Total Annual Burden: 5,664 hours.
General Description of the Collection: The Interagency Bank Merger Act Application form is used by the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Comptroller of the Currency for applications under section 18(c) of the Federal Deposit Insurance Act (FDIA), as amended (12 U.S.C. 1828(c)). The application is used for a merger, consolidation, or other combining transaction between nonaffiliated parties as well as to effect a corporate reorganization between affiliated parties (affiliate transaction). There is a different level of burden for each of the two types of merger transactions, nonaffiliated and affiliated. An affiliate transaction refers to a merger, consolidation, other combination, or transfer of any deposit liabilities, between depository institutions that are controlled by the same holding company. It includes a business combination between a depository institution and an affiliated interim institution. Applicants proposing affiliate transactions are not required to complete questions 12 through 14 of this form. If depository institutions are not controlled by the same holding company, the merger transaction is considered nonaffiliated, and the applicant must complete the entire form. There is no change in the method or substance of the collection. The estimated annual burden remains the same.
Request for Comment
Comments are invited on: (a) Whether the 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 estimates of the burden of the information collections, 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 collections 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.
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Dated at Washington, DC, this 24th day of May 2017.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
[FR Doc. 2017-11121 Filed 5-30-17; 8:45 am]
BILLING CODE 6714-01-P