Federal Register: August 13, 2004 (Volume 69, Number 156)
DOCID: FR Doc 04-18520
FEDERAL DEPOSIT INSURANCE CORPORATION
Federal Deposit Insurance Corporation
NOTICE: NOTICES
DOCUMENT ACTION: Notice of information collection to be submitted to OMB for review and approval under the Paperwork Reduction Act of 1995.
SUBJECT CATEGORY:
Agency Information Collection Activities: Submission for OMB Review; Comment Request
DOCUMENT SUMMARY:
In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the FDIC hereby gives notice that it plans to submit to the Office of Management and Budget (OMB) a request for OMB review and approval of the following information collection systems described below.
1. Type of review: Renewal of a currently approved collection.
Title: Application for Waiver of Prohibition on Acceptance of Brokered Deposits by Adequately Capitalized Insured Institutions.
OMB Number: 30640099.
Frequency of Response: On occasion.
Affected Public: Any insured depository institution seeking a waiver to the prohibition on the acceptance of brokered deposits.
Annual Burden:
Estimated annual number of respondents: 30.
Estimated time per response: 6 hours.
Total annual burden hours: 180 hours.
Expiration Date of OMB Clearance: October 31, 2004.
SUMMARY:
Agency information collection activities; proposals, submissions, and approvals,
SUPPLEMENTAL INFORMATION
Section 29 of the Federal Deposit Insurance Act prohibits undercapitalized insured depository institutions from accepting, renewing, or rolling over any brokered deposits. Adequately capitalized institutions may do so with a waiver from the FDIC, while wellcapitalized institutions may accept, renew, or roll over brokered deposits without restriction.
2. Type of Review: Renewal of a currently approved collection.
Title: Real Estate Lending Standards.
OMB Number: 30640112.
Frequency of Response: On occasion.
Affected Public: Any financial institution engaging in real estate lending.
Annual Burden:
Estimated annual number of respondents: 5,300.
Estimated time per response: 20 hours.
Total annual burden hours: 106,000.
Expiration Date of OMB Clearance: October 31, 2004.