Federal Register / Vol. 76, No. 162 / Monday, August 22, 2011 / Notices 52327 

Annual Burden: Regulation E—29,404 

hours; Regulation CC—528,513 hours; 

and Regulation DD—302,434 hours. 

Total Estimated Burden: 860,351 

hours. 

General Description of Collection: 

This FDIC information collection 

provides for the application of 

Regulations E (Electronic Fund 

Transfers), CC (Availability of Funds), 

and DD (Truth in Savings) to State 

nonmember banks. Regulations E, CC, 

and DD are issued by the Federal 

Reserve Board of Governors (FRB) to 

ensure, among other things, that 

consumers are provided adequate 

disclosures regarding accounts, 

including electronic fund transfer 

services, availability of funds, and fees 

and annual percentage yield for deposit 

accounts. Generally, the Regulation E 

disclosures are designed to ensure 

consumers receive adequate disclosure 

of basic terms, costs, and rights relating 

to electronic fund transfer (EFT) 

services provided to them so that they 

can make informed decisions. 

Institutions offering EFT services must 

disclose to consumers certain 

information, including: initial and 

updated EFT terms, transaction 

information, the consumer’s potential 

liability for unauthorized transfers, and 

error resolution rights and procedures. 

Like Regulation E, Regulation CC has 

consumer protection disclosure 

requirements. Specifically, Regulation 

CC requires depository institutions to 

make funds deposited in transaction 

accounts available within specified time 

periods, disclose their availability 

policies to customers, and begin 

accruing interest on such deposits 

promptly. The disclosures are intended 

to alert customers that their ability to 

use deposited funds may be delayed, 

prevent unintentional (and costly) 

overdrafts, and allow customers to 

compare the policies of different 

institutions before deciding at which 

institution to deposit funds. Depository 

institutions must also provide an 

awareness disclosure regarding 

substitute checks. The regulation also 

requires notice to the depositary bank 

and to a customer of nonpayment of a 

check. Regulation DD also has similar 

consumer protection disclosure 

requirements that are intended to assist 

consumers in comparing deposit 

accounts offered by institutions, 

principally through the disclosure of 

fees, the annual percentage yield, and 

other account terms. Regulation DD 

requires depository institutions to 

disclose yields, fees, and other terms 

concerning deposit accounts to 

consumers at account opening, upon 

request, and when changes in terms 

occur. Depository institutions that 

provide periodic statements are required 

to include information about fees 

imposed, interest earned, and the 

annual percentage yield (APY) earned 

during those statement periods. It also 

contains rules about advertising deposit 

accounts. Although the FRB regulations 

require institutions to retain evidence of 

compliance with the disclosure 

requirements, the regulations do not 

specify the types of records that must be 

retained. 

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 16th day of 

August 2011. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2011–21280 Filed 8–19–11; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Notice to All Interested Parties of the 

Termination of the Receivership of 

6004, Superior Bank, FSB, Hinsdale, IL 

Notice is hereby given that the Federal 

Deposit Insurance Corporation (‘‘FDIC’’) 

as Receiver for Superior Bank, FSB, 

(‘‘the Receiver’’) intends to terminate its 

receivership for said institution. The 

FDIC was appointed receiver of 

Superior Bank, FSB on July 27, 2001. 

The liquidation of the receivership 

assets has been completed. To the extent 

permitted by available funds and in 

accordance with law, the Receiver will 

be making a final dividend payment to 

proven creditors. 

Based upon the foregoing, the 

Receiver has determined that the 

continued existence of the receivership 

will serve no useful purpose. 

Consequently, notice is given that the 

receivership shall be terminated, to be 

effective no sooner than thirty days after 

the date of this Notice. If any person 

wishes to comment concerning the 

termination of the receivership, such 

comment must be made in writing and 

sent within thirty days of the date of 

this Notice to: 

Federal Deposit Insurance Corporation, 

Division of Resolutions and 

Receiverships, Attention: 

Receivership Oversight Department 

8.1, 1601 Bryan Street, Dallas, TX 

75201. 

No comments concerning the 

termination of this receivership will be 

considered which are not sent within 

this time frame. 

Federal Deposit Insurance Corporation. 

Dated: August 16, 2011. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2011–21277 Filed 8–19–11; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Notice to All Interested Parties of the 

Termination of the Receivership of 

10004, Hume Bank; Hume, MO 

Notice is hereby given that the Federal 

Deposit Insurance Corporation (‘‘FDIC’’) 

as Receiver for Hume Bank, (‘‘the 

Receiver’’) intends to terminate its 

receivership for said institution. The 

FDIC was appointed receiver of Hume 

Bank on March 7, 2008. The liquidation 

of the receivership assets has been 

completed. To the extent permitted by 

available funds and in accordance with 

law, the Receiver will be making a final 

dividend payment to proven creditors. 

Based upon the foregoing, the 

Receiver has determined that the 

continued existence of the receivership 

will serve no useful purpose. 

Consequently, notice is given that the 

receivership shall be terminated, to be 

effective no sooner than thirty days after 

the date of this Notice. If any person 

wishes to comment concerning the 

termination of the receivership, such 

comment must be made in writing and 

sent within thirty days of the date of 

this Notice to: Federal Deposit 

Insurance Corporation, Division of 

Resolutions and Receiverships, 

Attention: Receivership Oversight 

Department 8.1, 1601 Bryan Street, 

Dallas, TX 75201. 

No comments concerning the 

termination of this receivership will be 

considered which are not sent within 

this timeframe. 

Federal Deposit Insurance Corporation. 


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