Notification of Changes of Insured Status

Forms and Documents

Document Name	Status
SPST-0124 Notification of Changes in Insured Status 2024 RenewaL FINAL.docx Supporting Statement A	2024-10-22
FR2 0124 Notification of Change in Insured Status 89 FR 84136 Oct 21 2024.pdf Supplementary Document	2024-10-22
FR1 0124 - Notification of Change in Insured Status 89 FR 67635 Aug 21 2024.pdf Supplementary Document	2024-10-02

IC Document Collections

IC ID	Document Title	Status
42569	Notification of Changes of Insured Status	Modified
232163	Certification	Modified

ICR Details

OMB Control No: 3064-0124	ICR Reference No: 202407-3064-002
Status: Received in OIRA	Previous ICR Reference No: 202108-3064-006
Agency/Subagency: FDIC	Agency Tracking No:
Title: Notification of Changes of Insured Status
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 10/22/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	11/30/2024
Responses	174	248
Time Burden (Hours)	186	256
Cost Burden (Dollars)	0	0

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Abstract: The collection consists of two parts: Insured financial institutions are required to provide the FDIC with a certification when all of their deposits are transferred to another insured institution, and insured financial institutions must notify the FDIC when they seek to voluntarily terminate their insured status.

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Authorizing Statute(s): US Code: 12 USC sections1818(a)(6) & 1818(q)
  

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:
	89 FR 67635	08/21/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 84136	10/21/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Certification
Notification of Changes of Insured Status

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ICR Summary of Burden

	Total Request	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	174	248	0	0	-74	0
Annual Time Burden (Hours)	186	256	0	0	-70	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:

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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? No

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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: 10/22/2024

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