[Federal Register Volume 75, Number 233 (Monday, December 6, 2010)]
[Notices]
[Pages 75674-75675]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-30508]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewals; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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SUMMARY: In accordance with requirements of the Paperwork Reduction Act
of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct or sponsor,
and the respondent is not required to respond to an information
collection unless it displays a currently valid Office of Management
and Budget control number. The FDIC hereby gives notice that it is
seeking public comment on renewal of three information collections.
DATES: Comments must be submitted on or before February 4, 2011.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
http://www.FDIC.gov/regulations/laws/federal/notices.html.
E-mail: [email protected]. Include the name of the
collection in the subject line of the message.
Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room F-
1084, Federal Deposit Insurance Corporation, 550 17th Street, NW.,
Washington, DC 20429.
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street Building (located on F Street),
on business days between 7 a.m. and 5 p.m.
All comments should refer to the relevant OMB control number. A
copy of the comments may also be submitted to the OMB Desk Officer for
the FDIC, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.
FOR FURTHER INFORMATION CONTACT: Leneta G. Gregorie, at the FDIC
address above.
SUPPLEMENTARY INFORMATION: Proposal to renew the following currently
approved collections of information:
1. Title: Application for Waiver of Publication on Acceptance of
Brokered Deposits for Adequately Capitalized Insured Institutions.
OMB Number: 3064-0099.
Frequency of Response: On occasion.
Affected Public: Any insured depository institution seeking a
waiver to the prohibition on the acceptance of brokered deposits.
Estimated Number of Respondents: 30.
[[Page 75675]]
Estimated Time per Response: 6 hours.
Total Annual Burden: 180 hours.
General Description of Collection: Section 29 of the FDI Act
prohibits undercapitalized insured depository institutions from
accepting, renewing, or rolling over any brokered deposits. Adequately
capitalized institutions may do so with a waiver from the FDIC, while
well-capitalized institutions may accept, renew, or roll over brokered
deposits without restriction.
2. Title: Management Official Interlocks.
OMB Number: 3064-0118.
Frequency of Response: On occasion.
Affected Public: Insured State nonmember banks.
Estimated Number of Respondents: 7.
Estimated Time per Response: 4 hours.
Total Annual Burden: 28 hours.
General Description of Collection: This collection is associated
with the FDIC's Management Official Interlocks regulation, 12 CFR Part
348, which implements the Depository Institution Management Interlocks
Act (DIMIA). DIMIA generally prohibits bank management officials from
serving simultaneously with two unaffiliated depository institutions or
their holding companies but allows the FDIC to grant exemptions on
request in appropriate circumstances.
3. Title: Foreign Branching and Investment by Insured State
Nonmember Banks.
OMB Number: 3064-0125.
Frequency of Response: On occasion.
Affected Public: Insured state nonmember banks.
Estimated Number of Respondents: Recordkeeping: 50; reporting: 11.
Estimated Time per Response: Recordkeeping: 400 hours; reporting:
27 hours.
Total Annual Burden: 20,298 hours.
General Description of Collection: The Federal Deposit Insurance
(FDI) Act requires state nonmember banks to obtain FDIC consent to
establish or operate a branch in a foreign country, or to acquire and
hold, directly or indirectly, stock or other evidence of ownership in
any foreign bank or other entity. The FDI Act also authorizes the FDIC
to impose conditions for such consent and to issue regulations related
thereto. This collection is a direct consequence of those statutory
requirements.
4. Title: Affiliate Marketing Disclosures/Consumer Opt-Out Notices.
OMB Number: 3064-0149.
Frequency of Response: On occasion.
Affected Public: Insured state nonmember banks.
Number of Respondents: 978 financial institutions and 198,450
consumers.
Estimated Time per Response: 18 hours: prepare and distribute
notice to consumers and employee training; 5 minutes: consumer response
to opt-out notice.
Total Estimated Annual Burden: 34,142 hours.
General Description of Collection: Section 624 of the Fair Credit
Reporting Act generally provides that, if a person shares certain
information about a consumer with an affiliate, the affiliate may not
use that information to make or send solicitations to the consumer
about its products or services, unless the consumer is given notice and
a reasonable opportunity to opt-out of such use of the information and
the consumer does not opt-out. The information collections for which
the Agencies seek OMB approval are (1) Notices to consumers of the
opportunity to opt-out of solicitations from affiliates, and (2)
consumer responses to the opt-out notices.
Request for Comment:
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates 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 1st day of December 2010.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2010-30508 Filed 12-3-10; 8:45 am]
BILLING CODE 6741-01-P