Application for Waiver of Prohibition on Acceptance of Brokered Deposits

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FR2-0099 Brokered Deposits 89 FR 19829 March 20 2024.pdf	Supplementary Document	Uploaded 2024-03-20	Repair queued
FR1 - 0099 Brokered Deposits 89 FR 8428 Feb 7, 2024.pdf	Supplementary Document	Uploaded 2024-03-14	Repair queued
SPST-0099 Reporting and RK Requirements for Brokered Deposits 2024 Renewal FINAL.docx	Supporting Statement A	Uploaded 2024-03-14	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
31862	Application for Waiver of Prohibition on Acceptance of Brokered Deposits	Instruction	Modified
245671	Reporting for Primary Purpose Exception Not Based on the Business Arrangements that meets a Designated Exception	Instruction	Modified
245670	Notice of Submission for Primary Purpose Exception Based on Enabling Transactions - Ongoing	Instruction	Modified
245660	Notice Submission for Primary Purpose Exception Based on the PLacement of Less Than 25 Percent of Customer Assets Under Administration - Ongoing	Instruction	Modified
245658	Application for Primary Purpose Exception Not Based on Business Arrangements that Meets a Designated Exception - Implementation	Instruction	Modified
245655	Notice Submission for Primary Purpose Exception Based on Enabling Transactions - Implementation	Instruction	Modified
245654	Notice for Primary Purpose Exception Based on Placement of Less Than 25 Percent of Customer Assets Under Administration - Implementation	Instruction	Modified

ICR Details

OMB Control No: 3064-0099	ICR Reference No: 202308-3064-001
Status: Active	Previous ICR Reference No: 202102-3064-001
Agency/Subagency: FDIC	Agency Tracking No:
Title: Application for Waiver of Prohibition on Acceptance of Brokered Deposits
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: 05/06/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/20/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2027	36 Months From Approved	04/30/2024
Responses	192	0	2,211
Time Burden (Hours)	377	0	6,282
Cost Burden (Dollars)	0	0	0

---

Abstract: Section 29 of the Federal Deposit Insurance Act prohibits undercapitalized insured depository institutions from accepting, renewing, or rolling over any brokered deposits. Adequately capitalized institutions may do so with a waiver from the FDIC, while well-capitalized institutions may accept, renew, or roll over brokered deposits without restriction.

---

Authorizing Statute(s): US Code: 12 USC 1831f 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:
	89 FR 8428	02/07/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 19829	03/20/2024
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 7

table that charts list of burden

IC Title	Form No.	Form Name
Application for Primary Purpose Exception Not Based on Business Arrangements that Meets a Designated Exception - Implementation
Application for Waiver of Prohibition on Acceptance of Brokered Deposits
Notice Submission for Primary Purpose Exception Based on Enabling Transactions - Implementation
Notice Submission for Primary Purpose Exception Based on the PLacement of Less Than 25 Percent of Customer Assets Under Administration - Ongoing
Notice for Primary Purpose Exception Based on Placement of Less Than 25 Percent of Customer Assets Under Administration - Implementation
Notice of Submission for Primary Purpose Exception Based on Enabling Transactions - Ongoing
Reporting for Primary Purpose Exception Not Based on the Business Arrangements that meets a Designated Exception

---

ICR Summary of Burden

table that charts list 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	192	2,211	0	0	-2,019	0
Annual Time Burden (Hours)	377	6,282	0	0	-5,905	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: $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? No

---

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: 03/20/2024

---