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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 collections to be submitted to OMB for
review and approval; comment request.
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
plans to submit to the Office of Management and Budget (OMB) a request
for OMB review and approval of the information collection system
described below. The collection would provide information on the
features and effects of overdraft protection programs in State
nonmember financial institutions.
DATES: Comments must be submitted on or before March 9, 2007.
ADDRESSES: Interested parties are invited to submit written comments by
mail to Steve Hanft, Legal Division, Federal Deposit Insurance
Corporation, 550 17th Street, NW., Washington, DC 20429; by fax to Mr.
Hanft at (202) 898-8788; or by e-mail to firstname.lastname@example.org. All
comments should refer to ``Study of Overdraft Protection Programs.''
Copies of 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
FOR FURTHER INFORMATION CONTACT: Interested members of the public may
obtain additional information about the collection, including a copy of
the proposed collection and related instructions without charge, by
contacting Steve Hanft at the address identified above.
SUPPLEMENTARY INFORMATION: Proposal to seek OMB approval for the
following new collection of information:
Title: Study of Overdraft Protection Programs.
OMB Number: New collection (3064-xxxx).
Frequency of Response: One-time.
Affected Public: State nonmember financial institutions and data
Estimated Number of Respondents: 500.
Estimated time per response: Survey questions: approximate average
of 3 hours per respondent. Micro-data collection: approximate range of
40 to 100 hours per respondent, with an estimated average of 80 hours.
Estimated Total Annual Burden:
Survey questions: 500 respondents times 3 hours per = 1,500 hours.
Micro-data collection: 100 respondents (financial institutions and/
or service providers) times the estimated average of 80 hours = 8,000
Total burden = 1,500 + 8,000 = 9,500 hours.
General Description of Collection: The FDIC is planning a study of
the overdraft protection products offered by financial institutions and
the usage patterns among depositors in those institutions. The study
requires collection of data from financial institutions that are not
currently included in the Call Reports or other standard periodic
regulatory reports. These data will be collected in two parts: a survey
in which a sample of 500 state-chartered nonmember financial
institutions will be asked up to 88 questions about each type of
overdraft policy that they implement, and an additional micro-data
collection in which more detailed information will be collected from up
to 100 of these institutions. To minimize burden on respondents, the
FDIC will use automated data collection techniques wherever possible.
The data collection conforms to privacy rules and will not request any
information that could be used to identify individual bank customers,
such as name, address, or account number. All data from, and identities
of, the financial institutions will remain confidential. It is the
intent of the FDIC to publish only general findings from the data
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;
(c) ways to enhance the quality, utility, and clarity of the
information to be collected; (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; and (e) estimates of capital or start up costs, and costs
of operation, maintenance and purchase of services to provide the
Dated at Washington, DC, this 1st day of February, 2007.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. E7-1925 Filed 2-6-07; 8:45 am]
BILLING CODE 6714-01-P