[Federal Register Volume 71, Number 158 (Wednesday, August 16, 2006)]
[Notices]
[Page 47224]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-13435]



[[Page 47224]]

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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Information 
Collection; 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 comment on a proposed new one-time collection of 
information, as required by the Paperwork Reduction Act of 1995 (44 
U.S.C. chapter 35). 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 October 16, 2006.

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) 898-3838; or by e-mail to [email protected]. 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 
20503.

FOR FURTHER INFORMATION CONTACT: Steve Hanft, (202) 898-3907, or at the 
address above.

SUPPLEMENTARY INFORMATION:
    Proposal to undertake the following new collection of information:
    Title: Study of Overdraft Protection Programs.
    OMB Number: New collection.
    Frequency of Response: One-time.
    Affected Public: State nonmember financial institutions and data 
service providers.
    Estimated Number of Respondents: 500.
    Estimated Time per Response: Survey questions: approximate average 
of 3 hours per respondent. Micro-data collection: approximate average 
of 40 hours per respondent.
    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 40 hours per = 4,000 hours.
    Total burden = 1,500 + 4,000 = 5,500 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, we anticipate, be asked up to 85 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 100 of these institutions. To minimize burden on 
respondents, FDIC will use automated data collection techniques 
wherever possible. The study 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 of the 
study.

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; and (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.
    The FDIC will consider all comments to determine the extent to 
which the proposed information collection should be modified prior to 
submission to OMB for review and approval. After the comment period 
closes, comments will be summarized or included in the FDIC's request 
to OMB for approval of the collection. All comments will become a 
matter of public record.

    Dated at Washington, DC, this 10th day of August, 2006.

Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
 [FR Doc. E6-13435 Filed 8-15-06; 8:45 am]
BILLING CODE 6714-01-P