Insured financial institutions must
provide quarterly reports of condition and income to the
appropriate regulatory for supervisory, surveillance, regulatory,
research, insurance assessment and informational purposes.
Pursuant to a systemic
risk determination by the Secretary of the Treasury (after
consultation with the President), the FDIC Board of Directors
established the Temporary Liquidity Guarantee Program (TLGP) as
part of a coordinated Federal government response to the
unprecedented disruption in credit markets and the resultant
effects on the abilities of insured depository institutions to fund
themselves and to intermediate credit. The TLGP is comprised of a
Debt Guarantee Program and a Transaction Account Guarantee Program,
and includes a system of fees to be paid by participating entities
for the guarantees. In order for the FDIC to calculate the fees to
be assessed under the Transaction Account Guarantee Program portion
of the TLGP and any systemic risk emergency special assessments, it
needs information not currently collected. The best method for
obtaining this information is through revisions to the Call
Report.
US Code:
12
USC 1817(a) Name of Law: Federal Deposit Insurance Act
The increase in burden of 9,782
hours is the result of changes to the Call Report to collect
information on noninterest bearing transaction accounts required as
the result of recent implementation by the FDIC of the Temporary
Liquidity Guarantee Program. A burden adjustment of -9,912 hours is
a result in a reduction in the number of FDIC-supervised
institutions.
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Leneta Gregorie 202
898-3719
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:
(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;
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.