Large-Bank Deposit Insurance Programs

Forms and Documents

Document Name	Status
FR2-0162 Large Bank Deposit Insurance Program 83 FR 32290 July 12 2018.pdf Supplementary Document	2018-07-12
FR1-0162 Large Bank Deposit Insurance Program 83 FR 18560 April 27 2018.pdf Supplementary Document	2018-07-12
SPST-0162 Large Bank Deposit Insurance Programs 2018 Renewal FINAL.doc Supporting Statement A	2018-07-12

IC Document Collections

IC ID	Document Title	Status
232177	Test compliance with §360.9(c)-(d) pursuant to §360.9(h) - Ongoing	New
232176	Request for exemption from provisional hold requirements - Ongoing	New
232175	Notification of identity of person responsible for producing standard data downloads - Ongoing	New
232174	Request for exemption - Implementation	New
232171	Request for extension of compliance deadline - Implementation	New
232170	Provide deposit account and customer information in required standard format - Implementation	New
232169	Request for exemption from provisional hold requirement - Implementation	New
232168	Notification of identity of person responsible for providing data downloads - Implementation	New
232167	Providing standard data format for deposit account and customer information - Implementation	New
232166	Posting and Removing Provisional Holds - Implementation	New
184975	Large-Bank Deposit Insurance Determination	Removed

ICR Details

OMB Control No: 3064-0162	ICR Reference No: 201804-3064-001
Status: Active	Previous ICR Reference No: 201503-3064-007
Agency/Subagency: FDIC	Agency Tracking No:
Title: Large-Bank Deposit Insurance Programs
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: 09/06/2018
	Date Received in OIRA: 07/12/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2021	36 Months From Approved	09/30/2018
Responses	270	0	159
Time Burden (Hours)	10,248	0	248,915
Cost Burden (Dollars)	0	0	39,833,316

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Abstract: The FDIC regulations modernized the process of determining the insurance status of each depositor in the event of a depository institution failure. The regulations enable operations of a large insured depository institution to continue functioning on the day following failure, support the FDIC's efforts to fulfill its legal mandates regarding the resolution of failed insured deposit institutions, and apply to the largest institutions only ($2 billion in domestic deposits or more). More specifically, the regulations require the largest insured depository institutions to adopt mechanisms that would, in the event of the institution's failure, (1) provide the FDIC with standard deposit account and customer information, and (2) allow the FDIC to place and release holds on liability accounts, including deposits.

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Authorizing Statute(s): US Code: 12 USC 1823(c)(4), (e)(2) Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1821(e)(1), (8)(D)(i) Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1821(d)(1), (10)(C), (11) 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:
	83 FR 18560	04/27/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 32290	07/12/2018
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 10

IC Title	Form No.	Form Name
Large-Bank Deposit Insurance Determination
Notification of identity of person responsible for providing data downloads - Implementation
Request for extension of compliance deadline - Implementation
Notification of identity of person responsible for producing standard data downloads - Ongoing
Test compliance with §360.9(c)-(d) pursuant to §360.9(h) - Ongoing
Posting and Removing Provisional Holds - Implementation
Providing standard data format for deposit account and customer information - Implementation
Request for exemption from provisional hold requirement - Implementation
Request for exemption - Implementation
Provide deposit account and customer information in required standard format - Implementation
Request for exemption from provisional hold requirements - Ongoing

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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	270	159	0	0	111	0
Annual Time Burden (Hours)	10,248	248,915	0	0	-238,667	0
Annual Cost Burden (Dollars)	0	39,833,316	0	0	-39,833,316	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: $0

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

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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: 07/12/2018

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