[Federal Register Volume 67, Number 187 (Thursday, September 26, 2002)]
[Notices]
[Page 60684]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-24398]



[[Page 60684]]

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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: [email protected].

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