[Federal Register Volume 75, Number 50 (Tuesday, March 16, 2010)]
[Notices]
[Pages 12541-12543]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-5725]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Renewal of Currently
Approved Collections (3064-0079, 0103, 0104, 0122 & 0173); 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. 3501 et seq.), 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 (OMB) control number. The FDIC hereby gives notice that it
is seeking public comment on the proposed renewal of the following
collections: Application for Consent to Reduce or Retire Capital (OMB
No. 3064-0079); Appraisal Standards (OMB No. 3064-0103); Activities and
Investments of Savings Associations (OMB No. 3064-0104), Forms Relating
to Outside Counsel, Legal Support & Expert Services (OMB No. 3064-
0122); and Prepaid Assessments (OMB No. 3064-0173). At the end of the
comment period, any comments and recommendations received will be
analyzed to determine the extent to which the FDIC should modify the
collections prior to submission to OMB for review and approval.
DATES: Comments must be submitted on or before May 17, 2010.
ADDRESSES: Interested parties are invited to submit written comments.
All comments should refer to the name of the collection. Comments may
be submitted 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: Gary A. Kuiper (202.898.3877), Counsel, Federal
Deposit Insurance Corporation, F-1072, 550 17th Street, NW.,
Washington, DC 20429.
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 550 17th Street Building (located on F
Street), on business days between 7 a.m. and 5 p.m.
A copy of the comments may also be submitted to the FDIC Desk
Officer, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.
FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper at the address
identified above.
SUPPLEMENTARY INFORMATION:
The FDIC is proposing to renew these collections:
1. Title: Application for Consent to Reduce or Retire Capital (OMB
No. 3064-0079).
Estimated Number of Respondents and Burden Hours:
[[Page 12542]]
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Number of Frequency of Hours per
FDIC document respondents response response Hours of burden
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Application for Consent to Reduce or 80 1 1 80
Retire Capital.........................
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Total............................... 80 ................ ................ 80
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General Description of Collection: This collection requires insured
state nonmember banks that propose to change their capital structure to
submit an application containing information about the proposed change
in order to obtain FDIC's consent to reduce or retire capital. The FDIC
evaluates the information contained in the letter application in
relation to statutory considerations and makes a decision to grant or
to withhold consent.
2. Title: Appraisal Standards (OMB No. 3064-0103).
Estimated Number of Respondents and Burden Hours:
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Number of Frequency of Hours per
FDIC document respondents response response Hours of burden
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Appraisal Standards..................... 328,600 1 .25 82,150
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Total............................... 328,600 ................ ................ 82,150
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General Description of Collection: This collection is provided for
in 12 CFR Part 323 of FDIC's regulations. Part 323 implements a portion
of Title XI of the Financial Institutions Reform, Recovery, and
Enforcement Act of 1989 (FIRREA). Title XI of FIRREA is designed to
provide protection for Federal financial and public policy interests by
requiring real estate appraisals used in connection with federally-
related transactions to be performed in writing, in accordance with
uniform standards, by an appraiser whose competency has been
demonstrated and whose professional conduct will be subject to
effective supervision.
3. Title: Activities and Investments of Savings Associations (OMB
No. 3064-0104).
Estimated Number of Respondents and Burden Hours:
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Number of Frequency of Hours per
FDIC document respondents response response Hours of burden
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Activity and Investment Applications.... 75 1 5 375
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Total............................... 75 ................ ................ 375
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General Description of Collection: Section 28 of the FDI Act (12
U.S.C. 1831e) imposes restrictions on the powers of savings
associations, which reduce the risk of loss to the deposit insurance
funds and eliminate some differences between the powers of state
associations and those of Federal associations. Some of the
restrictions apply to all insured savings associations and some to
state-chartered associations only. The statute exempts some Federal
savings banks and associations from the restrictions, and provides for
the FDIC to grant exemptions to other associations under certain
circumstances. In addition, Section 18(m) of the FDI Act (12 U.S.C.
1828(m)) requires that notice be given to the FDIC prior to an insured
savings association (State or Federal) acquiring, establishing, or
conducting new activities through a subsidiary.
4. Title: Forms Relating to Outside Counsel, Legal Support & Expert
Services (OMB No. 3064-0122).
Estimated Number of Respondents and Burden Hours:
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FDIC document Number of respondents Hours per response Hours of burden
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5000/26.............................. 85 .50 42.5
5000/31.............................. 376 .50 188
5000/33.............................. 63 .50 31.5
5000/35.............................. 722 .50 361
5200/01.............................. 500 .75 375
5210/01.............................. 100 0.5 50
5210/02.............................. 55 0.5 22.5
5210/03.............................. 50 1.0 50
5210/03A............................. 50 1.0 50
5210/04.............................. 200 1.0 200
5210/04A............................. 200 1.0 200
5210/06.............................. 100 1.0 100
5210/06(A)........................... 100 1.0 100
5210/08.............................. 240 0.5 120
5210/09.............................. 100 1.0 100
5210/10.............................. 100 1.0 100
5210/10(A)........................... 100 1.0 100
5210/11.............................. 100 1.0 100
5210/12.............................. 100 1.0 100
[[Page 12543]]
5210/12A............................. 100 1.0 100
5210/14.............................. 100 0.5 50
5210/15.............................. 25 .50 12.5
Total............................ 3,566 ....................... 2,553
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General Description of Collection: The information collected
enables the FDIC to ensure that all individuals, businesses and firms
seeking to provide legal support services to the FDIC meet the
eligibility requirements established by Congress. The information is
also used to manage and monitor payments to contractors, document
contract amendments, expiration dates, billable individuals, and
minority law firms, and to ensure that law firms, experts, and other
legal support services providers are in compliance with statutory and
regulatory requirements.
5. Title: Prepaid Assessments: Application for Exemption,
Application for Withdrawal of Exemption, and Transfer Notice (OMB No.
3064-0173).
Estimated Number of Respondents and Burden Hours:
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Number of Frequency of Hours per
FDIC document respondents response response Hours of burden
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A. Application for Exemption (Deadline 0 1 8 0
passed on 12/31/09)....................
B. Application for Withdrawal of 0 1 8 0
Exemption (Deadline passed on 12/31/09)
C. Transfer of Assessments Notice....... 50 1 2 100
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Total............................... 50 ................ ................ 100
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General Description of Collection: The FDIC obtained emergency
approval from OMB for three collections of information related to an
amendment to the FDIC's assessment regulations that required insured
depository institutions to prepay, on December 30, 2009, their
estimated, quarterly, risk-based assessments for the fourth quarter of
2009, and for all of 2010, 2011, and 2012. The FDIC will begin to
offset prepaid assessments on March 30, 2010, representing payment for
the fourth quarter of 2009. Any prepaid assessment not exhausted by
December 30, 2014, would be returned to the institution.
The deadline of 12/31/09 for applications for exemptions, or for
applications for withdrawal of exemptions has passed, and there are no
exceptions. Transfers of assessments, however, are still permitted.
When an insured depository institution enters into an agreement to
transfer any portion of its prepaid assessment to another insured
depository institution, it is required to notify the FDIC's Division of
Finance of that transaction by submitting a written agreement signed by
the legal representatives of both institutions, including documentation
that each representative has the legal authority to bind the
institution.
Request for Comment
Comments are invited on: (a) Whether these collections of
information are necessary for the proper performance of the FDIC's
functions, including whether the information has practical utility; (b)
the accuracy of the estimate of the burdens of the information
collections, 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 collections 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 11th day of March, 2010.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2010-5725 Filed 3-15-10; 8:45 am]
BILLING CODE 6714-01-P