Federal Register / Vol. 75, No. 171 / Friday, September 3, 2010 / Notices 54227 

OMB Number: 1545–1624. 

Notice Number: Notice 98–52. 

Regulation Project Number: REG– 

108639–99. 

Abstract: This notice provides 

guidance to plan administrators, plan 

sponsors, etc., regarding 

nondiscriminatory safe harbors with 

respect to Internal Revenue Code 

sections 401(k)(12) and 401(m)(11), as 

amended by the Small Business Job 

Protection Act of 1996. The safe harbor 

provisions pertain to the actual deferral 

percentage test and the actual 

contribution percentage test for cash or 

deferred arrangements and for defined 

contribution plans. To take advantage of 

the safe harbor provisions, plan 

sponsors must amend their plans to 

reflect the new law and must provide 

plan participants with an annual notice 

describing the benefits available under 

the plan. 

Current Actions: There are no changes 

being made to the notice or the 

regulation at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, and not-for-profit 

institutions. 

Estimated Number of Respondents: 

60,000. 

Estimated Time per Respondent: 1 

hour, 20 minutes. 

Estimated Total Annual Burden 

Hours: 80,000. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. 

Comments are invited on: (a) Whether 

the collection of information is 

necessary for the proper performance of 

the functions of the agency, including 

whether the information shall have 

practical utility; (b) the accuracy of the 

agency’s estimate of the burden of the 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information to be collected; (d) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology; 

and (e) estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: August 27, 2010. 

Gerald Shields, 

Supervisory Tax Analyst. 

[FR Doc. 2010–22014 Filed 9–2–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

FEDERAL RESERVE SYSTEM 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

DEPARTMENT OF THE TREASURY 

Office of Thrift Supervision 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCIES: Office of the Comptroller of 

the Currency (OCC), Treasury; Board of 

Governors of the Federal Reserve 

System (Board); Federal Deposit 

Insurance Corporation (FDIC); and 

Office of Thrift Supervision (OTS), 

Treasury. 

ACTION: Joint notice and request for 

comment. 

SUMMARY: In accordance with the 

requirements of the Paperwork 

Reduction Act (PRA) of 1995 (44 U.S.C. 

chapter 35), the OCC, the Board, the 

FDIC, and the OTS (the ‘‘agencies’’) may 

not conduct or sponsor, and the 

respondent is not required to respond 

to, an information collection unless it 

displays a currently valid Office of 

Management and Budget (OMB) control 

number. The Federal Financial 

Institutions Examination Council 

(FFIEC), of which the agencies are 

members, has approved the agencies’ 

publication for public comment of a 

proposal to revise the Consolidated 

Reports of Condition and Income (Call 

Report) for banks, the Thrift Financial 

Report (TFR) for savings associations, 

the Report of Assets and Liabilities of 

U.S. Branches and Agencies of Foreign 

Banks (FFIEC 002), and the Report of 

Assets and Liabilities of a Non-U.S. 

Branch that is Managed or Controlled by 

a U.S. Branch or Agency of a Foreign 

(Non-U.S.) Bank (FFIEC 002S), all of 

which are currently approved 

collections of information. At the end of 

the comment period, the comments and 

recommendations received will be 

analyzed to determine the extent to 

which the FFIEC and the agencies 

should modify the proposed revisions 

prior to giving final approval. The 

agencies will then submit the revisions 

to OMB for review and approval. 

DATES: Comments must be submitted on 

or before November 2, 2010. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

any or all of the agencies. All comments, 

which should refer to the OMB control 

number(s), will be shared among the 

agencies. 

OCC: You should direct all written 

comments to: Communications 

Division, Office of the Comptroller of 

the Currency, Public Information Room, 

Mailstop 2–3, Attention: 1557–0081, 

250 E Street, SW., Washington, DC 

20219. In addition, comments may be 

sent by fax to (202) 874–5274, or by 

electronic mail to 

regs.comments@occ.treas.gov. You may 

personally inspect and photocopy 

comments at the OCC, 250 E Street, 

SW., Washington, DC 20219. For 

security reasons, the OCC requires that 

visitors make an appointment to inspect 

comments. You may do so by calling 

(202) 874–4700. Upon arrival, visitors 

will be required to present valid 

government-issued photo identification 

and to submit to security screening in 

order to inspect and photocopy 

comments. 

Board: You may submit comments, 

which should refer to ‘‘Consolidated 

Reports of Condition and Income (FFIEC 

031 and 041)’’ or ‘‘Report of Assets and 

Liabilities of U.S. Branches and 

Agencies of Foreign Banks (FFIEC 002) 

and Report of Assets and Liabilities of 

a Non-U.S. Branch that is Managed or 

Controlled by a U.S. Branch or Agency 

of a Foreign (Non-U.S.) Bank (FFIEC 

002S),’’ by any of the following methods: 

• Agency Web Site: http:// 

www.federalreserve.gov. Follow the 

instructions for submitting comments 

on the http://www.federalreserve.gov/ 

generalinfo/foia/ProposedRegs.cfm. 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• E-mail: 

regs.comments@federalreserve.gov. 

Include reporting form number in the 

subject line of the message. 

• FAX: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Jennifer J. Johnson, Secretary, 

Board of Governors of the Federal 

Reserve System, 20th Street and 


srobinson on DSKHWCL6B1PROD with NOTICES
54228 Federal Register / Vol. 75, No. 171 / Friday, September 3, 2010 / Notices 

Constitution Avenue, NW., Washington, 

DC 20551. 

All public comments are available 

from the Board’s Web site at http:// 

www.federalreserve.gov/generalinfo/ 

foia/ProposedRegs.cfm as submitted, 

unless modified for technical reasons. 

Accordingly, your comments will not be 

edited to remove any identifying or 

contact information. Public comments 

may also be viewed electronically or in 

paper in Room MP–500 of the Board’s 

Martin Building (20th and C Streets, 

NW.) between 9 a.m. and 5 p.m. on 

weekdays. 

FDIC: You may submit comments, 

which should refer to ‘‘Consolidated 

Reports of Condition and Income, 3064– 

0052,’’ by any of the following methods: 

• Agency Web Site: http:// 

www.fdic.gov/regulations/laws/federal/ 

propose.html. Follow the instructions 

for submitting comments on the FDIC 

Web site. 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• E-mail: comments@FDIC.gov. 

Include ‘‘Consolidated Reports of 

Condition and Income, 3064–0052’’ in 

the subject line of the message. 

• Mail: Gary A. Kuiper, (202) 898– 

3877, Counsel, Attn: Comments, Room 

F–1072, Federal Deposit Insurance 

Corporation, 550 17th Street, NW., 

Washington, DC 20429. 

• Hand Delivery: Comments may be 

hand delivered to the guard station at 

the rear of the 550 17th Street Building 

(located on F Street) on business days 

between 7 a.m. and 5 p.m. 

Public inspection: All comments 

received will be posted without change 

to http://www.fdic.gov/regulations/laws/ 

federal/propose.html including any 

personal information provided. 

Comments may be inspected at the FDIC 

Public Information Center, Room E– 

1002, 3501 Fairfax Drive, Arlington, VA 

22226, between 9 a.m. and 5 p.m. on 

business days. 

OTS: You may submit comments, 

identified by ‘‘1550–0023 (TFR: 

Schedule DI Revisions),’’ by any of the 

following methods: 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• E-mail address: 

infocollection.comments@ots.treas.gov. 

Please include ‘‘1550–0023 (TFR: 

Schedule DI Revisions)’’ in the subject 

line of the message and include your 

name and telephone number in the 

message. 

• Fax: (202) 906–6518. 

• Mail: Information Collection 

Comments, Chief Counsel’s Office, 

Office of Thrift Supervision, 1700 G 

Street, NW., Washington, DC 20552, 

Attention: ‘‘1550–0023 (TFR: Schedule 

DI Revisions).’’ 

• Hand Delivery/Courier: Guard’s 

Desk, East Lobby Entrance, 1700 G 

Street, NW., from 9 a.m. to 4 p.m. on 

business days, Attention: Information 

Collection Comments, Chief Counsel’s 

Office, Attention: ‘‘1550–0023 (TFR: 

Schedule DI Revisions).’’ 

Instructions: All submissions received 

must include the agency name and OMB 

Control Number for this information 

collection. All comments received will 

be posted without change to the OTS 

Internet Site at http://www.ots.treas.gov/ 

pagehtml.cfm?catNumber=67&an=1, 

including any personal information 

provided. 

Docket: For access to the docket to 

read background documents or 

comments received, go to http:// 

www.ots.treas.gov/ 

pagehtm1.cfm?catNumber=67&an=1. In 

addition, you may inspect comments at 

the Public Reading Room, 1700 G Street, 

NW., by appointment. To make an 

appointment for access, call (202) 906– 

5922, send an e-mail to 

public.info@ots.treas.gov, or send a 

facsimile transmission to (202) 906– 

7755. (Prior notice identifying the 

materials you will be requesting will 

assist us in serving you.) We schedule 

appointments on business days between 

10 a.m. and 4 p.m. In most cases, 

appointments will be available the next 

business day following the date we 

receive a request. 

Additionally, commenters may send a 

copy of their comments to the OMB 

desk officer for the agencies by mail to 

the Office of Information and Regulatory 

Affairs, U.S. Office of Management and 

Budget, New Executive Office Building, 

Room 10235, 725 17th Street, NW., 

Washington, DC 20503, or by fax to 

(202) 395–6974. 

FOR FURTHER INFORMATION CONTACT: For 

further information about the revisions 

discussed in this notice, please contact 

any of the agency clearance officers 

whose names appear below. In addition, 

copies of the Call Report, FFIEC 002, 

and FFIEC 002S forms can be obtained 

at the FFIEC’s Web site (http:// 

www.ffiec.gov/ffiec_report_forms.htm). 

Copies of the TFR can be obtained from 

the OTS ’s Web site http:// 

www.ots.treas.gov/ 

main.cfm?catNumber=2&catParent=0. 

OCC: Mary Gottlieb, OCC Clearance 

Officer, (202) 874–5090, Legislative and 

Regulatory Activities Division, Office of 

the Comptroller of the Currency, 250 E 

Street, SW., Washington, DC 20219. 

Board: Michelle E. Shore, Federal 

Reserve Board Clearance Officer, (202) 

452–3829, Division of Research and 

Statistics, Board of Governors of the 

Federal Reserve System, 20th and C 

Streets, NW., Washington, DC 20551. 

Telecommunications Device for the Deaf 

(TDD) users may call (202) 263–4869. 

FDIC: Gary A. Kuiper, Counsel, (202) 

898–3877, Legal Division, Federal 

Deposit Insurance Corporation, 550 17th 

Street, NW., Washington, DC 20429. 

OTS: Ira L. Mills, OTS Clearance 

Officer, at Ira.Mills@ots.treas.gov, (202) 

906–6531, or facsimile number (202) 

906–6518, Regulations and Legislation 

Division, Chief Counsel’s Office, Office 

of Thrift Supervision, 1700 G Street, 

NW., Washington, DC 20552. 

SUPPLEMENTARY INFORMATION: The 

agencies are proposing to revise the Call 

Report, the TFR, the FFIEC 002, and the 

FFIEC 002S, which are currently 

approved collections of information. 

1. Report Title: Consolidated Reports 

of Condition and Income (Call Report). 

Form Number: Call Report: FE IEC 

031 (for banks with domestic and 

foreign offices) and FFIEC 041 (for 

banks with domestic offices only). 

Frequency of Response: Quarterly. 

Affected Public: Business or other forprofit. 

OCC: 

OMB Number: 1557–0081. 

Estimated Number of Respondents: 

1,494 national banks. 

Estimated Time per Response: 50.15 

burden hours. 

Estimated Total Annual Burden: 

299,696 burden hours. 

Board: 

OMB Number: 7100–0036. 

Estimated Number of Respondents: 

835 state member banks. 

Estimated Time per Response: 55.54 

burden hours. 

Estimated Total Annual Burden: 

185,504 burden hours. 

FDIC: 

OMB Number: 3064–0052. 

Estimated Number of Respondents: 

4,800 insured state nonmember banks. 

Estimated Time per Response: 40.18 

burden hours. 

Estimated Total Annual Burden: 

771,456 burden hours. 

The estimated time per response for 

the Call Report is an average that varies 

by agency because of differences in the 

composition of the institutions under 

each agency’s supervision (e.g., size 

distribution of institutions, types of 

activities in which they are engaged, 

and existence of foreign offices). The 

average reporting burden for the Call 

Report is estimated to range from 16 to 

655 hours per quarter, depending on an 

individual institution’s circumstances. 

2. Report Title: Thrift Financial 

Report (TFR). 


srobinson on DSKHWCL6B1PROD with NOTICES
Federal Register / Vol. 75, No. 171 / Friday, September 3, 2010 / Notices 54229 

Form Number: OTS 1313 (for savings 

associations). 

Frequency of Response: Quarterly; 

Annually. 

Affected Public: Business or other forprofit. 

OTS: 

OMB Number: 1550–0023. 

Estimated Number of Respondents: 

753 savings associations. 

Estimated Time per Response: 37.5 

burden hours. 

Estimated Total Annual Burden: 

179,676 burden hours. 

3. Report Titles: Report of Assets and 

Liabilities of U.S. Branches and 

Agencies of Foreign Banks; Report of 

Assets and Liabilities of a Non-U.S. 

Branch that is Managed or Controlled by 

a U.S. Branch or Agency of a Foreign 

(Non-U.S.) Bank 

Form Numbers: FFIEC 002; FFIEC 

002S. 

Board: 

OMB Number: 7100–0032. 

Frequency of Response: Quarterly. 

Affected Public: U.S. branches and 

agencies of foreign banks. 

Estimated Number of Respondents: 

FFIEC 002—240; FF1EC 002S—60. 

Estimated Time per Response: FFIEC 

002 25.07 hours; FFIEC 002S—6 hours. 

Estimated Total Annual Burden: 

FFIEC 002—24,067 hours; FFIEC 002S— 

1,440 hours. 

General Description of Reports 

These information collections are 

mandatory: 12 U.S.C. 161 (for national 

banks), 12 U.S.C. 324 (for state member 

banks), 12 U.S.C. 1817 (for insured state 

nonmember commercial and savings 

banks), 12 U.S.C. 1464 (for savings 

associations), and 12 U.S.C. 3105(c)(2), 

1817(a), and 3102(b) (for U.S. branches 

and agencies of foreign banks). Except 

for selected data items, the call Report, 

the TFR, and the FFIEC 002 are not 

given confidential treatment. The FFIEC 

002S is given confidential treatment [5 

U.S.C. 552(b)(4)]. 

Abstracts 

Call Report and TFR: Institutions 

submit Call Report and TFR data to the 

agencies each quarter for the agencies’ 

use in monitoring the condition, 

performance, and risk profile of 

individual institutions and the industry 

as a whole. Call Report and TFR data 

provide the most current statistical data 

available for evaluating institutions’ 

corporate applications, for identifying 

areas of focus for both on-site and offsite examinations, and for monetary and 

other public policy purposes. The 

agencies use Call Report and TFR data 

in evaluating interstate merger and 

acquisition applications to determine, as 

required by law, whether the resulting 

institution would control more than ten 

percent of the total amount of deposits 

of insured depository institutions in the 

United States. Call Report and TFR data 

are also used to calculate all 

institutions’ deposit insurance and 

Financing Corporation assessments, 

national banks’ semiannual assessment 

fees, and the OTS’s assessments on 

savings associations. 

FFIEC 002 and FFIEC 002S: On a 

quarterly basis, all U.S. branches and 

agencies of foreign banks are required to 

file the FFIEC 002, which is a detailed 

report of condition with a variety of 

supporting schedules. This information 

is used to fulfill the supervisory and 

regulatory requirements of the 

International Banking Act of 1978. The 

data are also used to augment the bank 

credit, loan, and deposit information 

needed for monetary policy and other 

public policy purposes. The FFIEC 002S 

is a supplement to the FFIEC 002 that 

collects information on assets and 

liabilities of any non-U.S. branch that is 

managed or controlled by a U.S. branch 

or agency of the foreign bank. Managed 

or controlled means that a majority of 

the responsibility for business decisions 

(including but not limited to decisions 

with regard to lending or asset 

management or funding or liability 

management) or the responsibility for 

recordkeeping in respect of assets or 

liabilities for that foreign branch resides 

at the U.S. branch or agency. A separate 

FFIEC 002S must be completed for each 

managed or controlled non-U.S. branch. 

The FFIEC 002S must be filed quarterly 

along with the U.S. branch or agency’s 

FFIEC 002. The data from both reports 

are used for: (1) Monitoring deposit and 

credit transactions of U.S. residents; (2) 

monitoring the impact of policy 

changes; (3) analyzing structural issues 

concerning foreign bank activity in U.S. 

markets; (4) understanding flows of 

banking funds and indebtedness of 

developing countries in connection with 

data collected by the Internationa1 

Monetary Fund and the Bank for 

International Settlements that are used 

in economic analysis; and (5) assisting 

in the supervision of U.S. offices of 

foreign banks. The Federal Reserve 

System collects and processes these 

reports on behalf of the OCC, the Board, 

and the FDIC. 

Current Actions 

The agencies are proposing to add two 

items to the schedules in the Call 

Report, the TFR, and the FFIEC 002 for 

collecting data related to deposit 

insurance assessments and to revise the 

instructions for an existing item in these 

schedules effective December 31, 2010. 

These changes respond to amendments 

made to the Federal Deposit Insurance 

Act (FDI Act) by Section 343 of the 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act (Dodd-Frank 

Act) (Pub. L. 111–203, July 21, 2010) 

pertaining to the insurance of 

transaction accounts. 

In October 2008, the FDIC Board of 

Directors adopted the Transaction 

Account Guarantee (TAG) program as 

one of two components of a Temporary 

Liquidity Guarantee Program (TLGP) 

following a determination of systemic 

risk by the Secretary of the Treasury 

(after consultation with the President) 

that was supported by recommendations 

from the FDIC and the Board.(1) Under 

the TAG program the FDIC guarantees 

all funds held at participating insured 

depository institutions (beyond the 

maximum deposit insurance limit) in 

qualifying noninterest-bearing 

transaction accounts, which include 

certain interest-bearing NOW accounts. 

(1) To administer the TLGP, the FDIC 

Board approved an interim rule on 

October 23, 2008, an amendment to the 

interim rule on November 4, 2008, and 

a final rule on November 21, 2008. See 

73 FR 64179, October 29, 2008; 73 FR 

66160, November 7, 2008; and 73 FR 

72244, November 26, 2008, respectively. 

The TAG program originally was set 

to expire on December 31, 2009, but it 

was extended through June 30, 2010, 

with certain modifications to the 

program, and then extended for another 

six months through December 31, 2010, 

with the possibility of an additional 12- 

month extension, through December 31, 

2011.(2) 

(2) See 74 FR 45093, September 1, 

2009; 75 FR 20257, April 19, 2010; and 

75 FR 36506, June 28, 2010. 

Section 343 of the Dodd-Frank Act 

amends the FDI Act with respect to the 

insurance coverage of noninterestbearing transaction accounts. These 

amendments take effect December 31, 

2010, and require the FDIC to ‘‘fully 

insure the net amount that any 

depositor at an insured depository 

institution maintains in a noninterestbearing transaction account,’’ thereby in 

effect replacing the FDIC’s TAG 

program. Section 343 includes a 

definition of ‘‘noninterest-bearing 

transaction account’’ that differs from 

the definition of this term in the FDIC’s 

TAG program regulations.(3) In 

addition, the full insurance coverage of 

these accounts applies to all insured 

depository institutions, not just those 

institutions that elected to obtain 

insurance coverage for noninterestbearing transaction accounts through 

the FDIC’s TAG program. Under Section 

343, the full insurance coverage of 


srobinson on DSKHWCL6B1PROD with NOTICES
54230 Federal Register / Vol. 75, No. 171 / Friday, September 3, 2010 / Notices 

noninterest-bearing transaction accounts 

would be in effect through December 31, 

2012. 

(3) As defined in Section 343, a 

‘‘noninterest-bearing transaction 

account’’ is an account ‘‘(I) with respect 

to which interest is neither accrued nor 

paid; (II) on which the depositor or 

account holder is permitted to make 

withdrawals by negotiable or 

transferable instrument, payment orders 

of withdrawal, telephone or other 

electronic media transfers, or other 

similar items for the purpose of making 

payments or transfers to third parties or 

others; and (III) on which the insured 

depository institution does not reserve 

the right to require advance notice of an 

intended withdrawal.’’ In contrast, 

under the FDIC’s TAG program, the 

term ‘‘noninterest-bearing transaction 

account’’ includes not only those 

accounts within the scope of Section 

343 but also accounts commonly known 

as Interest on Lawyers Trust Accounts 

(or functionally equivalent accounts) 

and negotiable order of withdrawal 

accounts with interest rates no higher 

than 0.25 percent for which the 

institution at which the account is held 

has committed to maintain the interest 

rate at or below 0.25 percent. 

As a result of this statutory change in 

deposit insurance coverage for 

noninterest-bearing transaction 

accounts, the agencies are proposing to 

add two items to the schedules in the 

Call Report, the TFR, and the FFIEC 002 

in which data are collected for deposit 

insurance assessment purposes 

(Schedule RC–O, Schedule DI, and 

Schedule O, respectively) effective 

December 31, 2010. As of that report 

date, all insured depository institutions, 

including those institutions that had not 

elected to participate in the FDIC’s TAG 

program, would begin to report the 

quarter-end amount and number of 

noninterest-bearing transaction accounts 

(as defined in the Dodd-Frank Act, not 

as defined in the FDIC’s TAG program 

regulations) of more than $250,000. 

These data are needed in order for the 

FDIC to estimate the quarter-end 

amount of insured deposits for reserve 

ratio calculation purposes(4) and to 

determine the appropriate level of the 

Deposit Insurance Fund’s contingent 

loss reserve for anticipated failures of 

insured depository institutions. Unless 

the full insurance coverage of 

noninterest-bearing transaction accounts 

under Section 343 of the Dodd-Frank 

Act is extended, the two proposed new 

items would be collected only through 

the December 31, 2012, report date. 

(4) The Deposit Insurance Fund’s 

reserve ratio is the fund’s balance 

divided by estimated insured deposits. 

Institutions participating in the 

FDIC’s TAG program should note that, 

for purposes of determining their TAG 

program assessments for the fourth 

calendar quarter of 2010 (which will be 

payable on March 30, 2011), they must 

complete the existing TAG program data 

items—Call Report Schedule RC–0, 

Memorandum items 4.a and 4.b; TFR 

Schedule DI, items D1570 and D1575; or 

FFIEC 002 Schedule 0, Memorandum 

items 4.a and 4.b, as appropriate—for 

the final time in their reports for 

December 31, 2010. These items capture 

the average daily amount and average 

daily number for the quarter of 

qualifying noninterest-bearing 

transaction accounts of more than 

$250,000 as defined in the FDIC’s TAG 

program regulations.(5) 

(5) The reporting of these existing 

TAG program items as quarterly 

averages, rather than as quarter-end 

amounts, is subject to OMB approval. 

See 75 FR 45201, August 2, 2010. 

As a result of the full insurance 

coverage for noninterest-bearing 

transaction accounts as defined in the 

Dodd-Frank Act effective December 31, 

2010, the agencies are also proposing to 

revise the instructions for reporting 

estimated uninsured deposits in Call 

Report Schedule RC–O, Memorandum 

item 2; TFR Schedule DI, item D1210; 

and FFIEC 002 Schedule O, 

Memorandum item 2. These items are 

required to be completed by institutions 

with $1 billion or more in total assets. 

At present, balances in TAG program 

qualifying noninterest-bearing 

transaction accounts of more than 

$250,000 are treated as uninsured 

deposits for purposes of reporting 

estimated uninsured deposits because 

the TAG program was instituted as a 

component of the TLGP, which resulted 

from a systemic risk determination. 

Thus, TAG program insurance coverage 

and assessments are separate from the 

regular deposit insurance program 

administered by the FDIC. Under the 

Dodd-Frank Act, the extension of full 

insurance coverage to noninterestbearing transaction accounts at all 

insured depository institutions falls 

within the FDIC’s regular deposit 

insurance program. Therefore, in 

response to this statutory change in 

insurance coverage, the instructions for 

reporting estimated uninsured deposits 

in Call Report Schedule RC–0, 

Memorandum item 2; TFR Schedule DI, 

item D1210; and FFIEC 002 Schedule O, 

Memorandum item 2, would be revised 

to indicate that balances of more than 

$250,000 in noninterest-bearing 

transaction accounts (as defined in the 

Dodd-Frank Act) should be treated as 

insured, rather than uninsured, 

deposits. Unless the full insurance 

coverage of noninterest-bearing 

transaction accounts under Section 343 

of the Dodd-Frank Act is extended, this 

instructional revision would be in effect 

only through the December 31, 2012, 

report date. 

Request for Comment 

Public comment is requested on all 

aspects of this joint notice. Comments 

are invited on: 

(a) Whether the proposed revisions to 

the collections of information that are 

the subject of this notice are necessary 

for the proper performance of the 

agencies’ functions, including whether 

the information has practical utility; 

(b) The accuracy of the agencies’ 

estimates of the burden of the 

information collections as they are 

proposed to be revised, including the 

validity of the methodology and 

assumptions used; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

information collections on respondents, 

including through the use of automated 

collection techniques or other forms of 

information technology; and 

(e) Estimates of capital or start up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Comments submitted in response to 

this joint notice will be shared among 

the agencies. All comments will become 

a matter of public record. 

Dated: August 24, 2010. 

Stuart E. Feldstein, 

Assistant Director, Legislative and Regulatory 

Activities Division, Office of the Comptroller 

of the Currency. 

Board of Governors of the Federal Reserve 

System, August 24, 2010. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

Dated at Washington, DC, this 24th day of 

August, 2010. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

Dated: August 24, 2010. 

Ira L. Mills, 

Paperwork Clearance Officer, Office of Chief 

Counsel, Office of Thrift Supervision. 

[FR Doc. 2010–21538 Filed 9–2–10; 8:45 am] 

BILLING CODE 4810–33–M; 6714–01–M; 6720–01–M; 

6210–01–M 


srobinson on DSKHWCL6B1PROD with NOTICES