P.L. 103-73, sec. 714, requires
certain insured state nonmember banks to notify the FDIC of the
addition of a director or the employment of a senior executive
officer.
The new number of respondents
is estimated to be approximately 325, a decrease of 515 from the
previously-approved burden. The respondents each submit the report
only once. The average burden time remains estimated at 2 hours per
report. Therefore, the total new annual burden is estimated as 325
x 2 = 650 hours, a decrease of 1030 hours from the
currently-approved burden.
$0
No
No
No
No
No
Uncollected
John Popeo 703 562-2528
No
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.