[Federal Register Volume 75, Number 104 (Tuesday, June 1, 2010)]
[Notices]
[Pages 30403-30405]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-13136]


=======================================================================
-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Renewal of Currently 
Approved Collections (3064-0079, 0103, 0104, 0122 & 0173); 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, and Request for 
Comment.

-----------------------------------------------------------------------

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, 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 the renewal of existing information collections, as required by the 
PRA. On March 16, 2010 (75 FR 12541), the FDIC solicited public comment 
for a 60-day period on renewal of the following five information 
collections: Application for Consent to Reduce or Retire Capital (OMB 
No. 3064-0079); Appraisal Standards (OMB No. 3064-0103); Activities and 
Investments of Savings Associations (OMB No. 3064-0104), Forms Relating 
to Outside Counsel, Legal Support & Expert Services (OMB No. 3064-
0122); and Prepaid Assessments (OMB No. 3064-0173). No comments were 
received. Therefore, the FDIC hereby gives notice of submission of its 
requests for renewal to OMB for review.

DATES: Comments must be submitted on or before July 1, 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/federa/lnotices.html.
     E-mail: [email protected] Include the name of the 
collection in the subject line of the message.
     Mail: Gary A. Kuiper (202.898.3877), Counsel, Federal 
Deposit Insurance Corporation, F-1072, 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, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper at the FDIC address 
above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collections of information:
    1. Title: Application for Consent to Reduce or Retire Capital (OMB 
No. 3064-0079) Estimated Number of Respondents and Burden Hours:

----------------------------------------------------------------------------------------------------------------
                                                     Estimated                       Estimated
                  FDIC document                      number of     Frequency of      hours per       Hours of
                                                    respondents      response        response         burden
----------------------------------------------------------------------------------------------------------------
Application for Consent to Reduce or Retire                   80               1               1              80
 Capital........................................
                                                 ---------------------------------------------------------------
    Total.......................................              80  ..............  ..............              80
----------------------------------------------------------------------------------------------------------------

General Description of Collection

    This collection requires insured state nonmember banks that propose 
to change their capital structure to submit an application containing 
information about the proposed change in order to obtain FDIC's consent 
to reduce or retire capital. The FDIC evaluates the information 
contained in the letter application in relation to statutory 
considerations and makes a decision to grant or to withhold consent.
    2. Title: Appraisal Standards (OMB No. 3064-0103) Estimated Number 
of Respondents and Burden Hours:

----------------------------------------------------------------------------------------------------------------
                                                     Estimated                       Estimated
                  FDIC document                      number of     Frequency of      hours per       Hours of
                                                    respondents      response        response         burden
----------------------------------------------------------------------------------------------------------------
Appraisal Standards.............................         277,600               1             .75         208,200
                                                 ---------------------------------------------------------------
    Total.......................................         277,600  ..............  ..............         208,200
----------------------------------------------------------------------------------------------------------------


[[Page 30404]]

    General Description of Collection: This collection is provided for 
in 12 CFR Part 323 of FDIC's regulations. Part 323 implements a portion 
of Title XI of the Financial Institutions Reform, Recovery, and 
Enforcement Act of 1989 (``FIRREA''). Title XI of FIRREA is designed to 
provide protection for federal financial and public policy interests by 
requiring real estate appraisals used in connection with federally 
related transactions to be performed in writing, in accordance with 
uniform standards, by an appraiser whose competency has been 
demonstrated and whose professional conduct will be subject to 
effective supervision.
    3. Title: Activities and Investments of Savings Associations (OMB 
No. 3064-0104) Estimated Number of Respondents and Burden Hours:

----------------------------------------------------------------------------------------------------------------
                                                     Number of     Frequency of      Hours per       Hours of
                  FDIC document                     respondents      response        response         burden
----------------------------------------------------------------------------------------------------------------
Activity and Investment Applications............              75               1               5             375
                                                 ---------------------------------------------------------------
    Total.......................................              75  ..............  ..............             375
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: Section 28 of the FDI Act (12 
U.S.C. 1831e) imposes restrictions on the powers of savings 
associations, which reduce the risk of loss to the deposit insurance 
funds and eliminate some differences between the powers of state 
associations and those of federal associations. Some of the 
restrictions apply to all insured savings associations and some to 
state chartered associations only. The statute exempts some federal 
savings banks and associations from the restrictions, and provides for 
the FDIC to grant exemptions to other associations under certain 
circumstances. In addition, Section 18(m) of the FDI Act (12 U.S.C. 
1828(m)) requires that notice be given to the FDIC prior to an insured 
savings association (state or federal) acquiring, establishing, or 
conducting new activities through a subsidiary.
    4. Title: Forms Relating to Outside Counsel, Legal Support & Expert 
Services (OMB No. 3064-0122) Estimated Number of Respondents and Burden 
Hours:

----------------------------------------------------------------------------------------------------------------
                                                                     Estimated       Estimated
                          FDIC document                              number of       hours per       Hours of
                                                                    respondents      response         burden
----------------------------------------------------------------------------------------------------------------
5000/26.........................................................              85             .50            42.5
5000/31.........................................................             376             .50             188
5000/33.........................................................              63             .50            31.5
5000/35.........................................................             722             .50             361
5200/01.........................................................             500             .75             500
5210/01.........................................................             100             0.5              50
5210/02.........................................................              55             0.5            22.5
5210/03.........................................................              50             1.0              50
5210/03A........................................................              50             1.0              50
5210/04.........................................................             200             1.0             200
5210/04A........................................................             200             1.0             200
5210/06.........................................................             100             1.0             100
5210/06(A)......................................................             100             1.0             100
5210/08.........................................................             240             0.5             120
5210/09.........................................................             100             1.0             100
5210/10.........................................................             100             1.0             100
5210/10(A)......................................................             100             1.0             100
5210/11.........................................................             100             1.0             100
5210/12.........................................................             100             1.0             100
5210/12A........................................................             100             1.0             100
5210/14.........................................................             100             0.5             100
5210/15.........................................................              25             .50            12.5
                                                                 -----------------------------------------------
    Total.......................................................           3,558  ..............        2,735.25
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: The information collected 
enables the FDIC to ensure that all individuals, businesses and firms 
seeking to provide legal support services to the FDIC meet the 
eligibility requirements established by Congress. The information is 
also used to manage and monitor payments to contractors, document 
contract amendments, expiration dates, billable individuals, minority 
law firms, and to ensure that law firms, experts, and other legal 
support services providers are in compliance with statutory and 
regulatory requirements.
    5. Title: Prepaid Assessments: Application for Exemption, 
Application for Withdrawal of Exemption, and Transfer Notice (OMB No. 
3064-0173)
    Estimated Number of Respondents and Burden Hours:

----------------------------------------------------------------------------------------------------------------
                                                     Number of     Frequency of      Hours per       Hours of
                  FDIC document                     respondents      response        response         burden
----------------------------------------------------------------------------------------------------------------
A. Application for Exemption (Deadline passed on               0               1               8               0
 12/31/09)......................................
B. Application for Withdrawal of Exemption                     0               1               8               0
 (Deadline passed on 12/31/09)..................

[[Page 30405]]

 
C. Transfer of Assessments Notice...............              50               1               2             100
                                                 ---------------------------------------------------------------
    Total.......................................              50  ..............  ..............             100
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: The FDIC obtained emergency 
approval from OMB for three collections of information related to an 
amendment to the FDIC's assessment regulations that required insured 
depository institutions to prepay, on December 30, 2009, their 
estimated, quarterly, risk-based assessments for the fourth quarter of 
2009, and for all of 2010, 2011, and 2012. The FDIC will begin to 
offset prepaid assessments on March 30, 2010, representing payment for 
the fourth quarter of 2009. Any prepaid assessment not exhausted by 
December 30, 2014, would be returned to the institution.
    The deadline of 12/31/09 for applications for exemptions, or for 
applications for withdrawal of exemptions has passed, and there are no 
exceptions to the deadline. Transfers of assessments, however, are 
still permitted. When an insured depository institution enters into an 
agreement to transfer any portion of its prepaid assessment to another 
insured depository institution, it is required to notify the FDIC's 
Division of Finance of that transaction by submitting a written 
agreement signed by the legal representatives of both institutions, 
including documentation that each representative has the legal 
authority to bind the institution.

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 burdens 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; and (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. All comments will become a matter of public record.

    Dated at Washington, DC, this 24th day of May 2010.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2010-13136 Filed 5-28-10; 8:45 am]
BILLING CODE 6714-01-P