New
collection (Request for a new OMB Control Number)
No
Regular
03/24/2022
Requested
Previously Approved
36 Months From Approved
1,155
0
867
0
0
0
Onsite examinations help ensure the
stability of insured depository institutions by identifying undue
risks and weak risk management practices. Examination activities
center on evaluating an institution’s capital, assets, management,
earnings, liquidity, and sensitivity to market risk. Evaluating a
bank’s adherence to laws and regulations is also an important part
of bank examinations and is given high priority by Congress and
bank supervisors. Bank examinations also play a key role in the
supervisory process by helping the FDIC identify the cause and
severity of problems at individual banks and emerging risks in the
financial-services industry. The accurate identification of
existing and emerging risks helps the FDIC develop effective
corrective measures for individual institutions and broader
supervisory strategies for the industry. The purpose of the post-
examination surveys is to gauge bankers’ views on the effectiveness
and quality of FDIC Safety and Soundness and Consumer Compliance
examinations, as well as to identify ways to improve the
examination process. Respondents will be asked to voluntarily rate
the efficiency of the pre-examination process; examiners’
professionalism and understanding of the laws and regulations; the
examination process; and examination report quality. Respondents
will also be allowed to provide feedback on any areas for
improvement and will be given an option to have someone from the
FDIC’s Office of the Ombudsman contact the institution
confidentially about its recent examination or any other
matters.
The FDIC is requesting OMB
approval for a new information collection related to quality of
service surveys intended to assess the effectiveness of the
agency’s financial institution examination process and to elicit
comments and recommendations to improve the examination
program.
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:
(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;
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.