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.