APPROVED WITH
THE CONDITION THAT THE OCC, IN COORDINATION WITH THE FDIC,
INVESTIGATE THE PRACTICAL UTILITY OF THIS INFORMATION COLLECTION
REQUIREMENT BEFORE THE END OF THE APPROVAL PERIOD. AS PART OF THIS
INVESTIGATION, OCC SHOULD CONSIDER UNDERTAKING A LIMITED SAMPLE
SURVEY OF BANKS TO DETERMINE THE NUMBER OF REQUESTS FOR THIS
INFORMATION AND THE COSTS THE INFORMATION COLLECTION REQUIREMENT
BEING CLEARED UNDER THE PAPERWORK REDUCTION ACT IMPOSES ON THE
BANKS. IF THE OCC AND FDIC FIND THAT FEW REQUESTS FOR THIS
INFORMATION ARE MADE, AND/OR THE COSTS IMPOSED ON THE PUBLIC
OUTWEIGH THE UTILITY OF THE INFORMATION REQUIRED TO BE DISCLOSED,
THEY SHOULD INITIATE RULEMAKING PROCEDURES TO REDUCE, OR ELIMINATE,
THE BURDEN IMPOSED ON THE PUBLIC. THIS CONDITION IS BEING IMPOSED
TO ENSURE THAT THE COLLECTION HAS PRACTICAL UTILITY AS REQUIRED BY
THE PAPERWORK REDUCTION ACT AND ITS IMPLEMENTING REGULATIONS AT 5
CFR 1320.
Inventory as of this Action
Requested
Previously Approved
01/31/1991
01/31/1991
06/30/1988
5,000
0
1
2,800
0
1
0
0
0
ALL NATIONAL BANKS ARE REQUIRED TO
PREPARE AND PROVIDE TO REQUESTORS AN ANNUAL DISCLOSURE STATEMENT
AND MAY PROVIDE AN OPTIONAL NARRATIVE. THE PUBLIC CAN USE THIS
INFORMATION IN DECIDING WHERE TO PLACE ITS FUND. THE DISCLOSURE
WILL ENHANCE THE SAFETY AND SOUNDNESS OF THE NATIONAL BANKING
SYSTEM.
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.