Qualified Financial Contracts

Forms and Documents

Document Name	Status
SPST 0163 (2012 renewal).doc Supporting Statement A	2012-01-31
2012 30-day 77 FR 4818.pdf Supplementary Document	2012-01-31
2011 60 day 76 FR 70448.pdf Supplementary Document	2012-01-25

IC Document Collections

IC ID	Document Title	Status
187517	Application for Extension of Time	Unchanged
185692	Recordkeeping requirements (Appendix A, Part B)	Unchanged
185690	Reporting Requirements (Appendix A, Tables A and B)	Unchanged

ICR Details

OMB Control No: 3064-0163	ICR Reference No: 201112-3064-002
Status: Historical Active	Previous ICR Reference No: 200812-3064-003
Agency/Subagency: FDIC	Agency Tracking No:
Title: Qualified Financial Contracts
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: 01/31/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2015	36 Months From Approved	04/30/2012
Responses	3,060	0	3,060
Time Burden (Hours)	12,170	0	12,170
Cost Burden (Dollars)	0	0	0

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Abstract: This collection consists of recordkeeping requirements for qualified financial contracts (QFCs) held by insured depository institutions in troubled condition.

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Authorizing Statute(s): US Code: 11 USC 555, 556, 560, and 561 Name of Law: Bankruptcy Code
   US Code: 12 USC 1821(e) Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3064-AD30	Final or interim final rulemaking	73 FR 78162	12/22/2008

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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 4818	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: 3

IC Title	Form No.	Form Name
Reporting Requirements (Appendix A, Tables A and B)
Recordkeeping requirements (Appendix A, Part B)
Application for Extension of Time

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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	3,060	3,060	0	0	0	0
Annual Time Burden (Hours)	12,170	12,170	0	0	0	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:

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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]? 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: 01/31/2012

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