This information collection includes
reporting, recordkeeping requirements associated with the FDICs
Temporary Liquidity Guarantee Program (TLGP. The TLGP is comprised
of (1) a guarantee by the FDIC of unsecured, unsubordinated debt of
participating, insured, depository institutions, their bank holding
companies, financial holding companies, and thrift holding
companies (other than unitary thrift holding companies) issued
between October 14, 2008, and October 31, 2009, with guarantees
expiring on the earlier of the date of maturity or December 31,
2012, and with a system of fees to be paid by these institutions
for such guarantees; and (2) a 100 percent guaranty of non-interest
bearing, transaction accounts held by insured depository
institutions until December 31, 2009.
The program adjustment of
-1,822,061 hours is due to adjustments to the estimated number of
respondents for various categories of collections to reflect actual
experience in administering the program, and the program change of
+600 hours arises from the consolidation of separate provisions for
receivership claims and bankruptcy claims, found in former sections
370.12(b)(1)(A) and 370.12(b)(2)(A), into one provision covering
the claims for all debt holders against participating entities in
default as set forth in the revised section 370.12(b).
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.
SPST TLGP Regular Clearance (Final).doc
Section 370.3(h)(1)(vii) - Application by participating entity to issue senior unsecured non-guaranteed debt after June 30, 2009