[Federal Register Volume 74, Number 225 (Tuesday, November 24, 2009)]
[Notices]
[Pages 61351-61352]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-28129]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Revision of a Currently 
Approved Collection; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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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 may not conduct or sponsor, 
and the respondent is not required to respond to, an information 
collection unless it displays a currently valid Office of Management 
and Budget (OMB) control number. The FDIC hereby gives notice that it 
is seeking public comment on proposed revisions to its ``Forms Related 
to Processing Deposit Insurance Claims'' information collection (OMB 
No. 3064-0143). At the end of the comment period, any comments and 
recommendations received will be analyzed to determine the extent to 
which the FDIC should modify the proposed revisions prior to submission 
to OMB for review and approval.

DATES: Comments must be submitted on or before January 25, 2010.

ADDRESSES: Interested parties are invited to submit written comments. 
All comments should refer to the name of the collection. Comments may 
be submitted by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federal/notices.html.
     E-mail: [email protected].
     Mail: Leneta G. Gregorie (202.898.3719), Counsel, Federal 
Deposit Insurance Corporation, PA1730-3000, 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 FDIC Desk 
Officer, Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Room 10235, 
Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: For further information about the 
revisions discussed in this notice, please contact Leneta G. Gregorie, 
by telephone at (202) 898-3719 or by mail at the address identified 
above. In addition, copies of the proposed revised Forms 7200/05 and 
7200/09, and proposed new Form 7200/18 can be obtained at the FDIC's 
Web site (http://www.fdic.gov/regulations/laws/federal/).

SUPPLEMENTARY INFORMATION: The FDIC is proposing to make minor 
revisions to simplify and clarify three of the forms used in support of 
deposit insurance activities related to failed banks.
    Title: Forms Related to Processing of Deposit Insurance Claims.
    Forms Currently In Use:
    Declaration for Testamentary Deposit (Single Grantor), Form 7200/
03;
    Declaration for Public Unit Deposit, Form 7200/04;
    Declaration for Trust, Form 7200/05;
    Declaration of Independent Activity, Form 7200/06;
    Declaration of Independent Activity for Unincorporated Association, 
Form 7200/07;
    Declaration for Joint Ownership Deposit, Form 7200/08;
    Declaration for Testamentary Deposit (Multiple Grantors), Form 
7200/09;
    Declaration for Defined Contribution Plan, Form 7200/10;
    Declaration for IRA/KEOGH Deposit, Form 7200/11;
    Declaration for Defined Benefit Plan, Form 7200/12;
    Declaration of Custodian Deposit, Form 7200/13;
    Declaration for Health and Welfare Plan, Form 7200/14;
    Declaration for Plan and Trust, Form 7200/15.

                                Estimated Number of Respondents and Burden Hours
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                                                                     Hours per       Number of
                          FDIC document                              response       respondents    Burden hours
----------------------------------------------------------------------------------------------------------------
Declaration for Testamentary Deposit (Single Grantor), Form 7200/           0.50            1000             500
 03.............................................................
Declaration for Public Unit Deposit, Form 7200/04...............            0.50             500             250
Declaration for Trust, Form 7200/05.............................            0.50             900             450
Declaration of Independent Activity, Form 7200/06...............            0.50              25            12.5
Declaration of Independent Activity for Unincorporated                      0.50              25            12.5
 Association, Form 7200/07......................................
Declaration for Joint Ownership Deposit, Form 7200/08...........            0.50              25            12.5

[[Page 61352]]

 
Declaration for Testamentary Deposit (Multiple Grantors), Form              0.50             500             250
 7200/09........................................................
Declaration for Defined Contribution Plan, Form 7200/10.........             1.0              50              50
Declaration for IRA/KEOGH Deposit, Form 7200/11.................            0.50              50              25
Declaration for Defined Benefit Plan, Form 7200/12..............             1.0             200             200
Declaration of Custodian Deposit, Form 7200/13..................            0.50              50              25
Declaration for Health and Welfare Plan, Form 7200/14...........             1.0             200             200
Declaration for Plan and Trust, Form 7200/15....................            0.50            1300             650
                                                                 -----------------------------------------------
    Sub-total...................................................  ..............           4,825           2,638
Additional Burden for Deposit Brokers Only......................  ..............  ..............             138
New Form To Be Added:
Declaration for Irrevocable Trust, Form 7200/18.................            0.50             200             100
                                                                 -----------------------------------------------
        Total...................................................  ..............           5,095           2,875
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    General Description of Collection: The collection involves forms 
used by the FDIC to obtain information from individual depositors and 
deposit brokers necessary to supplement the records of failed 
depository institutions to make determinations regarding deposit 
insurance coverage for depositors of failed institutions. The 
information provided allows the FDIC to identify the actual owners of 
an account and each owner's interest in the account.
    Current Action: The FDIC is proposing modifications, which may be 
considered substantive and material, to the following forms: 
Declaration for Trust, Form 7200/05, and Declaration for Testamentary 
Deposit (Multiple Grantors), Form 7200/09. In addition, the FDIC 
proposes to add to the collection the following new form: Declaration 
for Irrevocable Trust, Form 7200/18. Specifically, with respect to Form 
7200/05, the FDIC is changing the title of the form to ``Declaration 
for Revocable Trust,'' thereby eliminating use of the form for 
irrevocable trusts; deleting the request for information on ownership 
interest (by percentage or dollar amount); adding a request for 
information on beneficiary type (i.e., individual, charity, or non-
profit) and adding, for charitable or non-profit organizations, a 
request that the respondent indicate whether the charity or non-profit 
is recognized by the IRS. The FDIC believes that the changes to Form 
7200/05 do not render it any more or less burdensome than the existing 
form; therefore, the estimated time to complete the form is unchanged. 
There is, however, an estimated decrease (of 200) in the number of 
respondents because the form will no longer be used to collect 
information for irrevocable trusts. With respect to Form 7200/09, the 
FDIC is proposing to eliminate the request for information regarding 
the relationship of each beneficiary to the grantors; eliminate the 
requirement to provide a date of death for any named beneficiaries who 
are deceased; add a request for information on beneficiary type (i.e., 
individual, charity, or non-profit) and add, for charitable or non-
profit organization beneficiaries, a request that the respondent 
indicate whether the charity or non-profit is recognized by the IRS. 
The FDIC believes that changes to Form 7200/09 do not render it any 
more or less burdensome than the existing form; therefore, the current 
burden estimates remain unchanged. With respect to new Form 7200/18, it 
does collect information regarding irrevocable trusts that previously 
was collected on Form 7200/05. However, unlike old Form 7200/05, new 
Form 7200/18 does not request information on the ownership interest 
(percentage or dollar amount) of beneficiaries, or the date of death or 
any deceased beneficiaries, but does collect information on the 
beneficiary type (i.e., individual, charity or non-profit) and, for 
charitable or non-profit organizations, on whether the entity is 
recognized by the IRS. The estimated response time for new Form 7200/18 
is 30 minutes and the estimated number of respondents is 200.

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 estimate of the burden of the information 
collection, 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 collection on respondents, including through the use of 
automated collection techniques or other forms of information 
technology. All comments will become a matter of public record.

    Dated at Washington, DC, this 19th day of November 2009.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. E9-28129 Filed 11-23-09; 8:45 am]
BILLING CODE 6714-01-P