View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3064-0169
ICR Reference No:
200908-3064-001
Status:
Historical Active
Previous ICR Reference No:
Agency/Subagency:
FDIC
Agency Tracking No:
Title:
Qualifications for Failed Bank Acquisitions
Type of Information Collection:
New collection (Request for a new OMB Control Number)
Common Form ICR:
No
Type of Review Request:
Emergency
Approval Requested By:
08/28/2009
OIRA Conclusion Action:
Approved without change
Conclusion Date:
08/27/2009
Retrieve Notice of Action (NOA)
Date Received in OIRA:
08/26/2009
Terms of Clearance:
While there is no FR citation, the information collection is associated with a rulemaking. At the time of the request submission, the FR citation was not available. The agency will update the information collection with the FR citation once this becomes available.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
02/28/2010
6 Months From Approved
Responses
340
0
0
Time Burden (Hours)
840
0
0
Cost Burden (Dollars)
0
0
0
Abstract:
The FDIC's Statement of Policy on Qualifications for Failed Bank Acquisitions provides guidance to private capital investors interested in acquiring or investing in failed insured depository institutions regarding the terms and conditions for such investments or acquisitions.
Emergency Justfication:
A significant rise in the number of bank failures and a decrease in the number of interested and suitable insured depository institutions acquirors has created the need for additional capital in the banking system and a recognition that private equity capital from appropriate sources could serve to meet this need. However, injection of private equity capital into the banking system requires that the FDIC has access to sufficient information to ensure that the interests of private investors, their affiliates, and other related parties are consistent with basic concepts contained in established banking laws and regulations related to the ownership of insured depository institutions.
Authorizing Statute(s):
US Code:
12 USC 1816-1818, 1823
Name of Law: Federal Deposit Insurance Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
3
IC Title
Form No.
Form Name
Section D - investor reports on affilliates
Section E - maintenance of business books and records
Section I - disclosures regarding investors and entities in ownership chain
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
340
0
0
340
0
0
Annual Time Burden (Hours)
840
0
0
840
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
This is a new information collection arising from reporting and recordkeeping requirements in a newly issued Statement of Policy.
Annual Cost to Federal Government:
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Leneta Gregorie 202 898-3719
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
08/26/2009
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