[Federal Register Volume 77, Number 211 (Wednesday, October 31, 2012)]
[Notices]
[Pages 65883-65884]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-26767]


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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: 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 an existing information collection, as 
required by the PRA. On August 23, 2012 (77 FR 51025), the FDIC 
solicited public comment for a 60-day period on the renewal of the 
following information collection: FACTA. No comments were received. 
Therefore, the FDIC hereby gives notice of submission of its request 
for renewal to OMB for review.

DATES: Comments must be submitted on or before November 30, 2012.

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
     Email: [email protected] Include the name of the 
collection in the subject line of the message.
     Mail: Gary A. Kuiper (202.898.3877), Counsel, Room NYA-
5046, 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 7:00 a.m. and 5:00 p.m.
    All comments should refer to the relevant OMB control number. 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: Procedures to Enhance the Accuracy and Integrity of 
Information Furnished to Consumer Reporting Agencies (Insured State 
Nonmember Banks) (FACTA).

[[Page 65884]]

    OMB Number: 3064-0161.
    Affected Public: State nonmember banks.
    Estimated Number of Respondents: 4522.
    Number of frivolous or irrelevant dispute notices: 88,686.
    Estimated burden per respondent:
    24 hours to implement written policies and procedures and training 
associated with the written policies and procedures.
    8 hours to amend procedures for handling complaints received 
directly from consumers.
    8 hours to implement the new dispute notice requirement.
    Estimated burden per frivolous or irrelevant dispute notice: 14 
minutes.
    Estimated Total Annual Burden Hours: 201,573 hours.
    General Description of Collection: FDIC is required by section 312 
of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) to 
issue guidelines for use by furnishers regarding the accuracy and 
integrity of the information about consumers that they furnish to 
consumer reporting agencies and prescribe regulations requiring 
furnishers to establish reasonable policies and procedures for 
implementing the guidelines. Section 312 also requires the Agencies to 
issue regulations identifying the circumstances under which a furnisher 
must reinvestigate disputes about the accuracy of information contained 
in a consumer report based on a direct request from a consumer.

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 25th day of October 2012.

Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2012-26767 Filed 10-30-12; 8:45 am]
BILLING CODE 6714-01-P