Notification of Changes of Insured Status

Forms and Documents

Document Name	Status
SPST 0124 (2012 renewal).DOC Supporting Statement A	2012-02-01
2012 30 day 77 FR 4817.pdf Supplementary Document	2012-01-31
2011 60 day 76 FR 70447.pdf Supplementary Document	2012-01-25

IC Document Collections

IC ID	Document Title	Status
42569	Notification of Changes of Insured Status	Modified

ICR Details

OMB Control No: 3064-0124	ICR Reference No: 201112-3064-001
Status: Historical Active	Previous ICR Reference No: 200810-3064-001
Agency/Subagency: FDIC	Agency Tracking No: 3064-0124
Title: Notification of Changes of Insured Status
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/04/2012
	Date Received in OIRA: 02/01/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2015	36 Months From Approved	04/30/2012
Responses	291	0	285
Time Burden (Hours)	77	0	75
Cost Burden (Dollars)	0	0	0

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Abstract: The collection consists of two parts: Insured financial institutions are required to provide the FDIC with a certification when all of their deposits are transferred to another insured institution, and insured financial institutions must notify the FDIC when they seek to voluntarily terminate their insured status.

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Authorizing Statute(s): US Code: 12 USC sections1818(a)(6) & 1818(q) Name of Law: null
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 70447	11/14/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 4817	01/31/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Notification of Changes of Insured Status

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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	291	285	0	0	6	0
Annual Time Burden (Hours)	77	75	0	0	2	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: The burden increase from 75 to 77 hours (rounded down from 77.25 hours) reflects an adjustment to the average annual number of respondents for certifications (from 280 to 285) and notifications (from 5 to 6).

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Annual Cost to Federal Government: $0

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? Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 02/01/2012

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