[Federal Register Volume 75, Number 182 (Tuesday, September 21, 2010)]
[Notices]
[Page 57467]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-23505]



[[Page 57467]]

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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Renewal of Currently 
Approved Collection (3064-0137); 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.

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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, 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 an existing information collection, as required by 
the PRA. On July 1, 2010 (75 FR 38095), the FDIC solicited public 
comment for a 60-day period on renewal of the following information 
collection: Interagency Guidance on Asset Securitization Activities. 
(OMB No. 3064-0137). No comments were received. Therefore, the FDIC 
hereby gives notice of its submission of its request for renewal to OMB 
for review.

DATES: Comments must be submitted on or before October 21, 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] 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-1086, 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: The FDIC is proposing to renew this 
collection:
    Title: Interagency Guidance on Asset Securitization Activities.
    OMB Number: 3064-0137.
    Form Number: None.
    Frequency of Response: On occasion.
    Affected Public: Insured state nonmember banks involved in asset 
securitization activities.
    Estimated Number of Responses: 20.
    Estimated Time per Response: 7.45 hours.
    Total Annual Burden: 149 hours.
    General Description of Collection: The collection applies to 
institutions engaged in asset securitization and consists in 
recordkeeping requirements associated with developing or upgrading a 
written asset securitization policy, documenting fair value of retained 
interests, and a management information system to monitor 
securitization activities. Bank managements use this information as the 
basis for the safe and sound operation of their asset securitization 
activities and to ensure that they minimize operational risk in these 
activities. The FDIC uses the information to evaluate the quality of an 
institution's risk management practices, and to assist institutions 
without proper internal supervision of their asset securitization 
activities to implement corrective action to conduct these activities 
in a safe and sound manner.

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 16th day of September, 2010.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2010-23505 Filed 9-20-10; 8:45 am]
BILLING CODE 6714-01-P