Proposed Agency Information Collection Activities: Submission for OMB Review; Comment Request Re Application for Consent To Reduce or Retire Capital, 37539-37540 [2013-14883]

Agencies

• FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 78, Number 120 (Friday, June 21, 2013)]
[Notices]
[Pages 37539-37540]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-14883]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Proposed Agency Information Collection Activities: Submission for 
OMB Review; Comment Request Re Application for Consent To Reduce or 
Retire Capital

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, as required by the Paperwork 
Reduction Act of 1995 (4 U.S.C. chapter 35), to comment on renewal of 
an existing information collection as required by the PRA. On April 16, 
2012 (78 FR 22544), the FDIC solicited public comment for a 60-day 
period on renewal without change of its ``Application for Consent to 
Reduce or Retire Capital'' information collection (OMB No. 3064-0079). 
One comment was received. The commenter expressed support for the 
information collection as necessary for the FDIC's performance of its 
statutory functions. Therefore, the FDIC hereby gives notice of 
submission of its request for renewal to OMB for review.

DATES: Comments must be submitted on or before July 22, 2013.

ADDRESSES: Interested parties are invited to submit written comments. 
All comments should refer to the name of the collection. Comments may 
be submitted by any of the following methods:
     https://www.FDIC.gov/regulations/laws/federal/propose.html.
     Email: comments@fdic.gov.
     Mail: Leneta G. Gregorie (202.898.3719), Counsel, Federal 
Deposit Insurance Corporation, 550 17th

[[Page 37540]]

Street NW., Room NY-5050, Washington, DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 550 17th Street Building (located on F 
Street), on business days between 7:00 a.m. and 5:00 p.m.
    A copy of the comments may also be submitted to the FDIC Desk 
Officer, Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Room 10235, 
Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: For further information about this 
information collection, please contact Leneta G. Gregorie, by telephone 
at (202) 898-3719 or by mail at the address identified above. In 
addition, copies of the forms contained in the collection can be 
obtained at the FDIC's Web site: https://www.fdic.gov/regulations/laws/federal/notices.html.

SUPPLEMENTARY INFORMATION: 
    The FDIC is requesting OMB approval to renew the following 
information collection:
    Title: Application for Consent to Reduce or Retire Capital.
    OMB Number: 3064-0079.
    Form Number: None.
    Estimated Number of applications: 64.
    Burden per application: 1 hour.
    Total annual burden: 64 hours.
    General Description of Collection: This collection requires insured 
state nonmember banks that propose to change their capital structure to 
submit an application containing information about the proposed change 
in order to obtain FDIC's consent to reduce or retire capital. The 
requirements are set forth in section 18(i) of the Federal Deposit 
Insurance Act (12 U.S.C. 1828(i)) and Part 303 of the FDIC's 
regulations (12 CFR 303.241). The FDIC evaluates the information 
contained in the letter application in relation to statutory 
considerations and makes a decision to grant or to withhold consent. 
The statutory considerations include the financial history and 
condition of the bank; the adequacy of its capital structure; its 
future earnings prospects; the general character and fitness of its 
management; the convenience and needs of the community to be served; 
and, whether or not its corporate powers are consistent with the 
purpose of the Act.

Request for Comment

    Comments are invited on: (a) Whether these 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 estimate 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.

    Dated at Washington, DC, this 18th day of June, 2013.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013-14883 Filed 6-20-13; 8:45 am]
BILLING CODE 6714-01-P