[Federal Register Volume 77, Number 243 (Tuesday, December 18, 2012)]
[Notices]
[Page 74847]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-30343]



[[Page 74847]]

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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Revision; Comment Request; Purchaser Eligibility Certification

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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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 renewal of an existing 
information collection, as required by the Paperwork Reduction Act of 
1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comment 
on revision of the information collection described below.

DATES: Comments must be submitted on or before February 19, 2013.

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: Leneta G. Gregorie (202-898-3719), Counsel, Room F-
1084, 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: Leneta G. Gregorie, at the FDIC 
address above.

SUPPLEMENTARY INFORMATION: 

Proposal To Revise the Following Currently Approved Collection of 
Information

    Title: Asset Purchaser Eligibility Certification.
    OMB Number: 3064-0135.
    Form Number: FDIC 7300/06, ``Purchaser Eligibility Certification''; 
7300/07, ``Pre-Qualification Request''; and 7300/08, ``Contact 
Information Form''.
    Frequency of Response: On occasion.
    Affected Public: Business or other financial institutions.
    Estimated Number of Respondents: 600.
    Estimated Time per Response: 1.0 hour (Purchaser Eligibility 
Certification, 30 minutes; Pre-Qualification Request, 20 minutes; and 
Contact Information Form, 10 minutes).
    Total Annual Burden: 600 hours.
    General Description of Collection: The FDIC uses the Purchaser 
Eligibility Certification form, FDIC Form No. 7300/06, to identify 
prospective bidders who are not eligible to purchase assets of failed 
institutions from the FDIC. Specifically, section 11(p) of the Federal 
Deposit Insurance Act prohibits the sale of assets of failed 
institutions to certain individuals or entities that profited or 
engaged in wrongdoing at the expense of those failed institutions, or 
seriously mismanaged those failed institutions. The FDIC is proposing 
to update the Privacy Act Statement in the Purchaser Eligibility 
Certification form. In addition, the FDIC is proposing to add two forms 
to the Purchaser Eligibility Certification information collection: the 
Pre-Qualification Request form, FDIC Form No. 7300/07, is designed to 
determine which prospective bidders are qualified to bid on particular 
types of assets offered by the FDIC (e.g., securities, mortgage 
servicing portfolios, shared national credits. Interests in structured 
transactions, credit card receivables) for which no further 
qualification criteria are required to be met and to ensure that 
prospective bidders understand the terms and conditions of asset sales; 
and the Contact Information Form, FDIC Form No. 7300/08, determines the 
type of assets a prospective bidder is interested in and facilitates 
communication with the prospective bidder. A link to copies of the 
forms can be found directly beneath this notice on the FDIC's Federal 
Register Citations Web page at: http://www.fdic.gov/regulations/laws/
federal/notices.html.

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.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, this 12th day of December 2012.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2012-30343 Filed 12-17-12; 8:45 am]
BILLING CODE 6714-01-P