Federal Deposit
Insurance Corporation

[Federal Register: May 1, 2007 (Volume 72, Number 83)][Notices]               
[Page 23816-23817]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr01my07-59]                         

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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: The FDIC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other federal 
agencies to take this opportunity to comment on continuing information 
collections, as required by the Paperwork Reduction Act of 1995 (44 
U.S.C. chapter 35). Currently, the FDIC is soliciting comments 
concerning the following collections of information: Certified 
Statement for Deposit Insurance Assessment (3064-0057); Student 
Educational Employment Program (3064-0147); and Complex Structured 
Finance Transactions (3064-0148).

DATES: Comments must be submitted on or before July 2, 2007.

ADDRESSES: Interested parties are invited to submit written comments by 
any of the following methods. All comments should refer to the name of 
the collection:
     http://www.FDIC.gov/regulations/laws/federal/notices.html.   
      E-mail: comments@fdic.gov. Include the name of the 
collection in the subject line of the message.
     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

[[Page 23817]]

Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Steve Hanft (address above).

SUPPLEMENTARY INFORMATION:
    1. Title: Certified Statement for Deposit Insurance Assessment.
    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 in 
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 complex 
structured finance transactions.
    Estimated Number of Responses: 5.
    Estimated Time per Response: 25 hours.
    Total Annual Burden: 125 hours.
    General Description of Collection: Institutions verify and update 
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; (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; and (e) estimates of capital or start up costs, and costs 
of operation, maintenance and purchase of services to provide the 
information.
    At the end of the comment period, the comments and recommendations 
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 26th day of April, 2007.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 07-2116 Filed 4-30-07; 8:45 am]

BILLING CODE 6714-01-M