Application Pursuant to Section 19 of the Federal Deposit Insurance Act

Forms and Documents

Document Name	Status
Form 6710/07 Application Pursuant to Secton 19 of the Federal Deposit Insurance Act Form and Instruction	Modified
2013-28393.pdf Supplementary Document	2013-11-27
SPST 0018 (2013) Form 6710.doc Supporting Statement A	2013-11-26
2013-22472.pdf Supplementary Document	2013-09-16

IC Document Collections

IC ID	Document Title	Status
44169	Application Pursuant to Secton 19 of the Federal Deposit Insurance Act Form and Instruction	Modified

ICR Details

OMB Control No: 3064-0018	ICR Reference No: 201309-3064-001
Status: Historical Active	Previous ICR Reference No: 201202-3064-004
Agency/Subagency: FDIC	Agency Tracking No:
Title: Application Pursuant to Section 19 of the Federal Deposit Insurance Act
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: 02/19/2014
	Date Received in OIRA: 11/27/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2017	36 Months From Approved	02/28/2014
Responses	50	0	26
Time Burden (Hours)	800	0	416
Cost Burden (Dollars)	0	0	0

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Abstract: Section 19 of the Federal Deposit Insurance Act requires insured depository institutions to obtain the FDIC's consent prior to any participation in their affairs by a person convicted of crimes involving dishonesty or breach of trust. Form 6710/07 is the vehicle for requesting FDIC consent, and has been reformatted and rearranged to make it easier to read and understand. The burden is expected to remain the same at 16 hours.

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Authorizing Statute(s): US Code: 12 USC 1829 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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 56895	09/16/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 70943	11/27/2013
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
Application Pursuant to Secton 19 of the Federal Deposit Insurance Act	6710/07	Application Pursuant to Secton 19 of the Federal Deposit Insurance Act

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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	50	26	0	0	24	0
Annual Time Burden (Hours)	800	416	0	0	384	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 of 384 hours is an adjustment resulting from a doubling of the number of Section 19 applications filed with the FDIC in recent years, primarily due to the implementation of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). Additionally, given the recent increase in mergers and acquisitions, employees of non-covered entities are now covered by Section 19, also increasing the number of Section 19 applications.

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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? 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: 11/27/2013

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