Application for Consent to Exercise Trust Powers

Forms and Documents

Document Name	Status
Form 6200/09 Application for Consent to Exercise Trust Powers Form	Modified
FR2-0025 Application for Consent to Exercise Trust Powers 81 FR 85957 November 29 2016.pdf Supplementary Document	2016-12-05
FR1-0025 Application for Consent to Exercise Trust Powers 81 FR 65643 Sept 22 2016.pdf Supplementary Document	2016-12-05
SPST-0025 Application for Consent to Exercise Trust Powers 2016.doc Supporting Statement A	2016-12-05

IC Document Collections

IC ID	Document Title	Status
42557	Application for Consent to Exercise Trust Powers Form	Modified

ICR Details

OMB Control No: 3064-0025	ICR Reference No: 201609-3064-005
Status: Historical Active	Previous ICR Reference No: 201307-3064-006
Agency/Subagency: FDIC	Agency Tracking No:
Title: Application for Consent to Exercise Trust Powers
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/30/2017
	Date Received in OIRA: 12/05/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2020	36 Months From Approved	08/31/2017
Responses	12	0	15
Time Burden (Hours)	160	0	200
Cost Burden (Dollars)	0	0	0

---

Abstract: Banks submit applications to the FDIC for consent to exercise trust powers. Applications are evaluated to verify qualifications of bank management to administer a trust department to ensure that bank's financial condition is not jeopardized.

---

Authorizing Statute(s): US Code: 12 USC 1816 sec. 6 Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: None

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 65643	09/22/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 85957	11/29/2016
Did the Agency receive public comments on this ICR? No

---

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

IC Title	Form No.	Form Name
Application for Consent to Exercise Trust Powers	6200/09	Application for Consent to Exercise Trust Powers

---

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	12	15	0	0	-3	0
Annual Time Burden (Hours)	160	200	0	0	-40	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:

---

Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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

---

Common Form ICR:  No

---

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: 12/05/2016

---