Agency Information Collection Activities: Submission for OMB Review; Comment Request, 39426-39427 [E7-13877]

Agencies

• FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 72, Number 137 (Wednesday, July 18, 2007)]
[Notices]
[Pages 39426-39427]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-13877]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[6714-01]


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collections to be submitted to OMB for 
review and approval; comment request.

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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 hereby gives notice that it 
plans to submit to the Office of Management and Budget (OMB) a request 
for OMB review and approval of the following information collection 
systems: Certified Statement (3064-0057); (3064-0137); and Insurance 
Sales Consumer Protections (3064-0140).

DATES: Comments must be submitted on or before August 17, 2007.

ADDRESSES: Interested parties are invited to submit written comments by 
any of the following methods. All comments should refer to the name and 
number of the collection:
     https://www.FDIC.gov/regulations/laws/federal/propose.html.
     E-mail: comments@fdic.gov. Include the name and number of 
the collection in the subject line of the message.
     Mail: Steve Hanft (202-898-3907), Clearance Officer, 
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 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 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: Steve Hanft (address above).

SUPPLEMENTARY INFORMATION:
    1. Title: Certified Statement for Deposit Insurance Assessment.
    OMB Number: 3064-0057.
    Frequency of Response: Quarterly.
    Affected Public: Insured financial institutions.
    Estimated Number of Respondents: 8,681.
    Estimated Time per Response: 20 minutes.
    Total Annual Burden: 11,575 hours.
    General Description of Collection: The FDIC collects deposit 
insurance assessments quarterly by means of direct debits through the 
Automated Clearing House network.

    2. Title: Student Educational Employment Program.
    OMB Number: 3064-0147.
    Frequency of Response: On occasion.
    Affected Public: Students seeking employment with the FDIC.
    Estimated Number of Responses: 700.
    Estimated Time per Response: 0.33 hours.
    Total Annual Burden: 231 hours.
    General Description of Collection: The application form used in 
this collection ensures that students seeking employment with FDIC as 
participants in either one of the two components of the Student 
Educational Employment Program (i.e., the Student Temporary Employment 
Program (STEP) or the Student Career Experience Program (SCEP)) meet 
the government-wide eligibility criteria established by the Office of 
Personnel Management as well as the internal eligibility criteria 
established by the FDIC. The information collected will include 
information on the applicant's coursework, grade point averages, and 
relationship to any FDIC employee.

    3. Title: Complex Structured Finance Transactions.
    OMB Number: 3064-0148.
    Frequency of Response: On occasion.
    Affected Public: State nonmember banks actively involved in complex 
structured finance transactions.
    Estimated Number of Respondents: 5.
    Estimated Time per Response: 25 hours.

[[Page 39427]]

    Total Annual Burden: 125 hours.
    General Description of Collection: Institutions verify and update 
their policies and procedures regarding complex structured finance 
transactions periodically to ensure that they are adequate and current.

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 estimates of the burden 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.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the 
collections should be modified prior to submission to OMB for review 
and approval. Comments submitted in response to this notice also will 
be summarized or included in the FDIC's requests to OMB for renewal of 
these collections. All comments will become a matter of public record.

    Dated at Washington, DC, this 12th day of July, 2007.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E7-13877 Filed 7-17-07; 8:45 am]
BILLING CODE 6714-01-P