[Federal Register Volume 74, Number 166 (Friday, August 28, 2009)]
[Notices]
[Pages 44363-44364]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-20741]


=======================================================================
-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collections to be submitted to OMB for 
review and approval under the Paperwork Reduction Act of 1995.

-----------------------------------------------------------------------

SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (44 U.S.C. chapter 35), the FDIC hereby gives notice that 
it plans to submit to the Office of Management and Budget (OMB) a 
request for OMB review and renewal of the collections of information 
described below.

DATES: Comments must be submitted on or before September 28, 2009.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
    <bullet> http://www.FDIC.gov/regulations/laws/federal/notices.html.
    <bullet> E-mail: <a href="/cdn-cgi/l/email-protection#87e4e8eaeae2e9f3f4c7e1e3eee4a9e0e8f1"><span class="__cf_email__" data-cfemail="11727e7c7c747f656251777578723f767e67">[email protected]</span></a> Include the name of the 
collection in the subject line of the message.
    <bullet> Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room F-
1064, Federal Deposit Insurance Corporation, 550 17th Street, NW., 
Washington, DC 20429.
    <bullet> Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street Building (located on F Street), 
on business days between 7 a.m. and 5 p.m.

All comments should refer to the relevant OMB control number. A copy of 
the comments may also be submitted to the OMB desk officer for the 
FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Leneta Gregorie, at the address 
identified above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collections of information:
    1. Title: Application Pursuant to section 19 of the Federal Deposit 
Insurance Act.
    OMB Number: 3064-0018.
    Form Number: FDIC 6710/07.
    Frequency of Response: On occasion.
    Affected Public: Insured depository institutions.
    Estimated Number of Respondents: 22.
    Estimated Time per Response: 16 hours.
    Total Annual Burden: 352 hours.
    General Description of Collection: Section 19 of the Federal 
Deposit Insurance Act (FDI), 12 U.S.C. 1829, requires the FDIC's 
consent prior to any participation in the affairs of an insured 
depository institution by a person who has been convicted of crimes 
involving dishonesty or breach of trust. To obtain that consent, an 
insured depository institution must submit an application to the FDIC 
for approval on Form FDIC 6710/07.
    2. Title: Procedures for Monitoring Bank Protection Act Compliance.
    OMB Number: 3064-0095.
    Form Numbers: None.
    Frequency of Response: On occasion.
    Affected Public: Insured state nonmember banks.
    Estimated Number of Respondents: 5,110.
    Estimated Time per Response: 0.5 hours.
    Total Annual Burden: 2,555 hours.
    General Description of Collection: The Bank Protection Act of 1968 
(12 U.S.C. 1881-1884) requires each Federal supervisory agency to 
promulgate rules establishing minimum standards for security devices 
and procedures to discourage financial crime and to assist in the 
identification of persons who commit such crimes. To avoid the 
necessity of constantly updating a technology-based regulation, the 
FDIC takes a flexible approach to implementing this statute. It 
requires each insured nonmember bank to designate a security officer 
who will administer a written security program. The security program 
shall: (1) Establish procedures for opening and closing for business 
and for safekeeping valuables; (2) establish procedures that will 
assist in identifying persons committing crimes against the bank; (3) 
provide for initial and periodic training of employees in their 
responsibilities under the security program; and (4) provide for 
selecting, testing, operating and maintaining security devices as 
prescribed in the regulation. In addition, the FDIC requires the 
security officer to

[[Page 44364]]

report at least annually to the bank's board of directors on the 
effectiveness of the security program.
    3. Title: Privacy of Consumer Financial Information.
    OMB Number: 3064-0136.
    Form Numbers: None.
    Frequency of Response: On occasion.
    Affected Public: Insured state nonmember banks.
    Estimated Number of Respondents: Initial notice, 208; annual notice 
and change in terms 5,138; opt-out notice, 873.
    Estimated Average Time per Response: Initial notice, 80 hours; 
annual notice and change in terms, 8 hours; opt-out notice, 8 hours.
    Estimated Number of Responses: 328,600.
    Total Annual Burden: 64,728 hours.
    General Description of Collection: The elements of this collection 
are required under section 504 of the Gramm-Leach-Bliley Act, Public 
Law l06-102. The collection mandates notice requirements and 
restrictions on a financial institution's ability to disclose nonpublic 
personal information about consumers to nonaffiliated third parties.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collection, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the information 
collection on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

    Dated at Washington, DC, this 24th day of August 2009.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. E9-20741 Filed 8-27-09; 8:45 am]
BILLING CODE 6714-01-P


</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>