[Federal Register Volume 75, Number 20 (Monday, February 1, 2010)]
[Notices]
[Pages 5079-5080]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-1998]


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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.

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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 revisions to an 
existing information collection, as required by the Paperwork Reduction 
Act of 1995 (44 U.S.C. chapter 35). On November 24, 2009 (74 FR 61351), 
the FDIC solicited public comment for a 60-day period on revision of 
its ``Forms Related to Processing Deposit Insurance Claims'' 
information (OMB No. 3064-0143). No comments were received. Therefore, 
the FDIC hereby gives notice of its submission of the information 
collection to OMB for review.

DATES: Comments must be submitted on or before March 3, 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/propose.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 requesting OMB approval to make 
minor revisions to simplify and clarify three of the forms, and 
eliminate one 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 for Forms in Use After 
Revision of Collection

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                                                                    Hours per       Number of
                         FDIC document                              response       respondents     Burden hours
----------------------------------------------------------------------------------------------------------------
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
Declaration for Testamentary Deposit, Form 7200/09.............            0.50           1,500            750
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           1,300            650
                                                                ------------------------------------------------
    Sub-total..................................................  ..............           4,825          2,638
Additional Burden for Deposit Brokers Only.....................  ..............              70            137
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

[[Page 5080]]

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 requesting OMB approval to make 
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 eliminate its Declaration for 
Testamentary Deposit (Single Grantors), Form 7200/03, combining it with 
the newly modified Form 7200/09, Declaration for Testamentary Deposit; 
and add to the collection a 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 combine it with Form 7200/03, making it applicable 
to both single and multiple grantor testamentary deposits; 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. Although the number of respondents has 
increased to reflect inclusion of respondents to discontinued Form 
7200/03, the impact on overall burden for the collection is neutral. 
With respect to new Form 7200/18, it will 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. Therefore, the impact of all of the changes on 
overall burden estimates for the collection is neutral.

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 26th day of January 2010.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2010-1998 Filed 1-29-10; 8:45 am]
BILLING CODE 6714-01-P