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FDIC Federal Register Citations

[Federal Register: September 26, 2002 (Volume 67, Number 187)]
[Notices]
[Page 60684]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26se02-69]
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FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Submission for OMB
Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collection to be submitted to OMB for
review and approval under the Paperwork Reduction Act of 1995.

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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 hereby gives notice that it
has submitted to the Office of Management and Budget (OMB) a request
for OMB review and approval of the information collection system
described below pursuant to OMB's emergency processing procedures. The
FDIC has requested OMB to approve the collection by October 11, 2002.
Type of Review: Emergency processing of a new information
collection.
Title: Insured Deposit Survey.
OMB Number: 3064-new.
Annual Burden:
Estimated annual number of respondents: 20.
Estimated time per response: 30 minutes.
Average annual burden hours: 10 hours.
OMB Reviewer: Joseph F. Lackey, Jr., (202) 395-7316, Office of
Management and Budget, Office of Information and Regulatory Affairs,
Washington, DC 20503.
FDIC Contact: Thomas Nixon, Senior Attorney, Legal Division,
Federal Deposit Insurance Corporation, 550 17th Street NW., Washington,
DC 20429, (202) 898-8766.
Comments: Comments on this collection of information are welcome
and should be submitted on or before October 11, 2002, to both the OMB
reviewer and the FDIC contact listed above.

ADDRESSES: Information about this submission, including copies of the
proposed collection of information, may be obtained by calling or
writing the FDIC contact listed above. FAX number (202) 898-3838;
Internet address: comments@fdic.gov.

SUPPLEMENTARY INFORMATION: The FDIC Board of Directors is required,
semiannually, to set deposit insurance assessment premiums to be paid
by insured financial institutions to ensure that the reserve ratio is
maintained at the statutorily mandated Designated Reserve Ratio of 1.25
percent. The FDIC Board must next set these premiums in early November
2002. To do this effectively, and without burdening banks with
unnecessary insurance premiums, the FDIC needs a timely and reliable
measure of estimated insured deposits. The FDIC is able to obtain the
necessary information from most banks through the September 30, 2002
``Call Report,'' an OMB-approved information collection, in time to
make its decision on premiums in early November. However, certain banks
have the option of submitting their Call Report at a later date, so
that their deposit data would not be available until after the FDIC
Board has to make its decision. The FDIC is proposing a one-time, early
November survey of no more than 20 banks requesting them to provide
current estimates of the amounts to be reported in two items in the
Call Report that they would be obligated to submit within two weeks of
the survey.

Dated: September 20, 2002.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 02-24398 Filed 9-25-02; 8:45 am]
BILLING CODE 6714-01-P

Last Updated 09/26/2002 regs@fdic.gov