FDIC Federal Register Citations
Register: July 18, 2007 (Volume 72, Number 137)]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
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 following information collection
systems: Certified Statement (3064-0057); (3064-0137); and Insurance
Sales Consumer Protections (3064-0140).
DATES: Comments must be submitted on or before August 17, 2007.
Mail: Steve Hanft (202-898-3907), Clearance Officer,
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 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 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: Steve Hanft (address above).
1. Title: Certified Statement for Deposit Insurance
OMB Number: 3064-0057.
Frequency of Response: Quarterly.
Affected Public: Insured financial institutions.
Estimated Number of Respondents: 8,681.
Estimated Time per Response: 20 minutes.
Total Annual Burden: 11,575 hours.
General Description of Collection: The FDIC collects deposit
insurance assessments quarterly by means of direct debits through the
Automated Clearing House network.
2. Title: Student Educational Employment Program.
OMB Number: 3064-0147.
Frequency of Response: On occasion.
Affected Public: Students seeking employment with the FDIC.
Estimated Number of Responses: 700.
Estimated Time per Response: 0.33 hours.
Total Annual Burden: 231 hours.
General Description of Collection: The application form used
this collection ensures that students seeking employment with FDIC as
participants in either one of the two components of the Student
Educational Employment Program (i.e., the Student Temporary Employment
Program (STEP) or the Student Career Experience Program (SCEP)) meet
the government-wide eligibility criteria established by the Office of
Personnel Management as well as the internal eligibility criteria
established by the FDIC. The information collected will include
information on the applicant's coursework, grade point averages, and
relationship to any FDIC employee.
3. Title: Complex Structured Finance Transactions.
OMB Number: 3064-0148.
Frequency of Response: On occasion.
Affected Public: State nonmember banks actively involved in
structured finance transactions.
Estimated Number of Respondents: 5.
Estimated Time per Response: 25 hours.
Total Annual Burden: 125 hours.
General Description of Collection: Institutions verify and
their policies and procedures regarding complex structured finance
transactions periodically to ensure that they are adequate and current.
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 estimates of the burden 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
At the end of the comment period, the comments and
received will be analyzed to determine the extent to which the
collections should be modified prior to submission to OMB for review
and approval. Comments submitted in response to this notice also will
be summarized or included in the FDIC's requests to OMB for renewal of
these collections. All comments will become a matter of public record.
Dated at Washington, DC, this 12th day of July, 2007.
Federal Deposit Insurance Corporation.
Robert E. Feldman,