The Federal Bank Regulatory Agencies
are issuing these "Interagency Guidelines Establishing Year 2000
Safety and Soundness Standards" pursuant to section 39 of FDIC, 12
U.S.C. 1831p-1. Section 39 authorizes the Agencies to prescribe
operational and managerial standards as they determine to be
appropriate and to require institutions that fail to meet such
standards to submit corrective action plans. The agencies are
issuing these guidelines, which are distilled from the FFIEC
guidance, to establish minimum safety and soundness standards for
achieving Year 2000 readiness.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.