[Federal Register Volume 76, Number 146 (Friday, July 29, 2011)]
[Notices]
[Pages 45571-45572]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-19283]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (3064-0120)

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 (``PRA''), 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 May 3, 2011 (76 FR 24880), the FDIC solicited 
public comment for a 60-day period on renewal of the following 
information collection: Flood Insurance (3064-0120). No comments were 
received. However, questions did arise, in response to other agency 
notices, regarding the amount of burden taken for flood insurance 
collections. In response to those concerns, the FDIC has substantially 
increased its estimate of paperwork burden. The FDIC hereby gives 
notice of submission of its request for renewal to OMB for review.

DATES: Comments must be submitted on or before August 29, 2011.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC 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, Room F-1086, 
Federal Deposit Insurance Corporation, 550 17th Street, NW., 
Washington, DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street Building (located on F Street), 
on business days between 7 a.m. and 5 p.m.
    All comments should refer to the relevant OMB control number (3064-
0120). A copy of the 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: Gary A. Kuiper, at the FDIC address 
above.

SUPPLEMENTARY INFORMATION:

Proposal To Renew the Following Currently-Approved Collection of 
Information

    Title: Flood Insurance.
    OMB Number: 3064-0120.
    Frequency of Response: On occasion.
    Affected Public: Any depository institution that makes one or more 
loans to be secured by a building located on property in a special 
flood hazard area.

Recordkeeping

    Retention of Standard FEMA Form:
    4,716 respondents x 34 responses x 0.4 hours per response = 6,413.8 
hours.
    Total Recordkeeping Burden: 6,413.8 hours.

Disclosures

    Notices to Borrowers/Servicers/FEMA:
    4,716 respondents x 101 responses x .088 hours (average) per 
response = 42,837 hours.
    Total Disclosure Burden: 42,837 hours.
    Total Burden: 49,250.8 hours.
    General Description of Collection: Each supervised lending 
institution is currently required to provide notices of special flood 
hazards to each borrower with a loan secured by a building or mobile 
home located or to be located in an area identified by the Director of 
the Federal Emergency Management Administration (FEMA) as being subject 
to special flood hazards. In addition, various other notices must also 
be provided to borrowers, servicers and FEMA.

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, 
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 July 2011.


[[Page 45572]]


Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011-19283 Filed 7-28-11; 8:45 am]
BILLING CODE 6714-01-P