Temporary Liquidity Guarantee Program

Forms and Documents

Document Name	Status
SPST TLGP Extension March '09 Interim Rule (3-17-09) .doc Supporting Statement A	2009-03-17
FDIC-TLGP Extension Emergency.pdf Supplementary Document	2009-03-16

IC Document Collections

IC ID	Document Title	Status
188439	Section 370.3(h)(1)(vii) - Application by participating entity to issue senior unsecured non-guaranteed debt after June 30, 2009	New
188438	Section 370.3(h)(1)(vi) - Application by certain participating entities to issue FDIC-guaranteed after June 30, 2009	New
188188	Section 370.3(h)(1)(v) - Application to issue FDIC-guaranteed mandatory convertible debt	Unchanged
187322	Section 370.3(h)(1)(iv) - Request by affiliate to participate in debt guarantee or transaction account guarantee program	Unchanged
187321	Section 370.3(h)(1)(iii) - Request by non-participating surviving entity to opt in to debt guarantee program	Unchanged
187320	Section 370.3(h)(1)(ii) - Request for increase in presumptive debt guarantee limit of zero	Unchanged
187319	Section 370.3(h)(1)(i) - Request to establish or increase debt guarantee limit	Unchanged
186987	370.3(b)(3) - Periodic Reports on amount of unsecured debt	Unchanged
186954	Section 370.12(b)(2)(A) - Unsecured Senior Debtholders POC	Unchanged
186952	Section 370.12(b)(1)(A) - Debtholders Receivership Claim	Unchanged
186951	Section 370.11(a)(1)(a) - Notification of Termination of Participation in TLG Program	Unchanged
186947	Section 370.6(b) - Notice of Debt Under Debt Guarantee Program	Unchanged
186946	Section 370.5(h)(4) - Written Disclosures of Participation in Transaction Account Guarantee Program	Unchanged
186945	Section 370.5(h)(2) - Written Disclosure As to Guarantee Status of Newly Issued Debt	Unchanged
186944	Sections 370.5(c) and (g) - Opt-out of Debt Guarantee Program, Transaction Account Guarantee Program, or Both	Unchanged
186943	Section 370.3(b)(2) - Amount of Senior Unsecured Debt	Unchanged

ICR Details

OMB Control No: 3064-0166	ICR Reference No: 200903-3064-003
Status: Historical Active	Previous ICR Reference No: 200902-3064-003
Agency/Subagency: FDIC	Agency Tracking No:
Title: Temporary Liquidity Guarantee Program
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 03/17/2009
OIRA Conclusion Action: Approved with change	Conclusion Date: 03/17/2009
	Date Received in OIRA: 03/17/2009
Terms of Clearance: Agency made minor modifications to supporting statement.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2009	6 Months From Approved	08/31/2009
Responses	109,700	0	108,675
Time Burden (Hours)	2,203,675	0	2,201,625
Cost Burden (Dollars)	0	0	0

---

Abstract: This interim rule makes amendments to the FDIC's rule on the Temporary Liquidity Program (TLGP)(12 CFR Part 370). Specifically, the interim rule expands the types of senior unsecured debt for which the FDIC will provide guarantees under the program to include mandatory convertible debt.

Emergency Justfication: The FDIC is amending its Temporary Liquidity Guarantee Program to provide for a limited four-month extension to ensure an orderly transition from guaranteed to non-guaranteed funding for participating entities and to mitigate the potential for market disruption caused by the expiration of the program. The interim rule will take effect immediately and includes provisions for an application by participating entities to issue non-guaranteed debt that may be submitted after March 17.

---

Authorizing Statute(s): US Code: 12 USC 1819(a) Tenth Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1821(d)(1) Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1823(c)(4)(G) Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3064-AD37	Final or interim final rulemaking	74 FR 9522	03/04/2009

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 16

IC Title	Form No.	Form Name
Section 370.3(h)(1)(iii) - Request by non-participating surviving entity to opt in to debt guarantee program
Section 370.3(h)(1)(iv) - Request by affiliate to participate in debt guarantee or transaction account guarantee program
Section 370.3(h)(1)(ii) - Request for increase in presumptive debt guarantee limit of zero
Section 370.3(h)(1)(vii) - Application by participating entity to issue senior unsecured non-guaranteed debt after June 30, 2009
Section 370.5(h)(4) - Written Disclosures of Participation in Transaction Account Guarantee Program
Sections 370.5(c) and (g) - Opt-out of Debt Guarantee Program, Transaction Account Guarantee Program, or Both
Section 370.11(a)(1)(a) - Notification of Termination of Participation in TLG Program
Section 370.5(h)(2) - Written Disclosure As to Guarantee Status of Newly Issued Debt
Section 370.12(b)(2)(A) - Unsecured Senior Debtholders POC
Section 370.12(b)(1)(A) - Debtholders Receivership Claim
Section 370.6(b) - Notice of Debt Under Debt Guarantee Program
370.3(b)(3) - Periodic Reports on amount of unsecured debt
Section 370.3(h)(1)(vi) - Application by certain participating entities to issue FDIC-guaranteed after June 30, 2009
Section 370.3(h)(1)(i) - Request to establish or increase debt guarantee limit
Section 370.3(h)(1)(v) - Application to issue FDIC-guaranteed mandatory convertible debt
Section 370.3(b)(2) - Amount of Senior Unsecured Debt

---

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	109,700	108,675	0	1,025	0	0
Annual Time Burden (Hours)	2,203,675	2,201,625	0	2,050	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: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The burden increase is the result of a limited four-month extension of the TLGP that requires written letter applications by participating entities to issue senior unsecured non-guaranteed debt after June 30, 2009, and by other participating entities that are neither insured depository institutions nor entities that have issued guaranteed debt under the program to issue FDIC-guaranteed after June 30, 2009, and on or before October 31, 2009.

---

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)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

---

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: 03/17/2009

---