Supporting Statement - Assessment Reporting Review Survey

SPST Assessment Reporting Review Survey (3).doc

Occasional Qualitative Surveys - 2011 Money Smart

Supporting Statement - Assessment Reporting Review Survey

OMB: 3064-0127

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July 28, 2011







April 5, 2012


 

Memorandum to:         Shagufta Ahmed

                                    Policy Analyst              

                                    Office of Information and Regulatory Affairs

                                    Office of Management and Budget

 

From:                 Leneta G Gregorie 

Counsel

                                    Federal Deposit Insurance Corporation

 

RE:                               Assessment Reporting Review Survey

 

Under the generic clearance entitled “Occasional Qualitative Surveys” (3064-0127), the FDIC hereby submits for OMB approval the enclosed Assessment Reporting Review Survey of institutions that have recently participated in assessment compliance reviews. Assessment compliance reviews ensure reporting compliance with assessment policies and serve to validate the accuracy of data reported by insured institutions, upon which their deposit insurance assessment is based.  The accuracy of assets and tangible equity is determined by comparing source systems of record to the values reported in the Call Report.  An Assessment Review also evaluates the completeness and availability of documentation, and the timeliness of responses to Assessment Review requests for documentation.

 

Purpose of survey.  This survey will provide the FDIC with feedback on the quality of compliance reviews, the guidance provided to institutions, and the FDIC’s assessments website, with the goal of improving the assessments review process.

Methodology.  The Assessment Reporting Review Survey will be sent to approximately 50 randomly chosen institutions each year. Responses would be voluntary.

 

Burden Estimate


Number of Respondents – 50.

Time per Response – 15 minutes


Total burden = 12.5 hours

 

Please feel free to give me a call at (202) 898-3719, if you have any questions. Thank you for your consideration of our request.

File Typeapplication/msword
File TitleFDIC Macros Ver. 5.5
Authorgkuiper
Last Modified Byleneta gregorie
File Modified2012-04-05
File Created2012-04-05

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