Temporary Liquidity Guarantee Program

Forms and Documents

Document Name	Status
SPST_TLG_Program_Final Rule 112508.doc Supporting Statement A	2008-11-26
TLGP Final Rule Clearance Request Letter 112608.pdf Supplementary Document	2008-11-26

IC Document Collections

IC ID	Document Title	Status
187322	Section 370.3(h)(1)(iv) - Request by affiliate to participate in debt guarantee or transaction account guarantee program	New
187321	Section 370.3(h)(1)(iii) - Request by non-participating surviving entity to opt in to debt guarantee program	New
187320	Section 370.3(h)(1)(ii) - Request for increase in presumptive debt guarantee limit of zero	New
187319	Section 370.3(h)(1)(i) - Request to establish or increase debt guarantee limit	New
186987	370.3(b)(3) - Periodic Reports on amount of unsecured debt	Unchanged
186954	Section 370.12(b)(2)(A) - Unsecured Senior Debtholders POC	Unchanged
186952	Section 370.12(b)(1)(A) - Debtholders Receivership Claim	Unchanged
186951	Section 370.11(a)(1)(a) - Notification of Termination of Participation in TLG Program	Unchanged
186947	Section 370.6(b) - Notice of Debt Under Debt Guarantee Program	Unchanged
186946	Section 370.5(h)(4) - Written Disclosures of Participation in Transaction Account Guarantee Program	Unchanged
186945	Section 370.5(h)(2) - Written Disclosure As to Guarantee Status of Newly Issued Debt	Unchanged
186944	Sections 370.5(c) and (g) - Opt-out of Debt Guarantee Program, Transaction Account Guarantee Program, or Both	Unchanged
186943	Section 370.3(b)(2) - Amount of Senior Unsecured Debt	Unchanged

ICR Details

OMB Control No: 3064-0166	ICR Reference No: 200811-3064-002
Status: Historical Active	Previous ICR Reference No: 200810-3064-002
Agency/Subagency: FDIC	Agency Tracking No:
Title: Temporary Liquidity Guarantee Program
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 12/02/2008
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/01/2008
	Date Received in OIRA: 11/26/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2009	6 Months From Approved	04/30/2009
Responses	108,550	0	107,300
Time Burden (Hours)	2,201,500	0	2,199,100
Cost Burden (Dollars)	0	0	0

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Abstract: This final rule, a follow-up to the recent systemic risk determination by the Secretary of the Treasury (after consultation with the President), establishes requirements and procedures for the Temporary Liquidity Guarantee Program pursuant to which the FDIC will guarantee payment of certain newly-issued senior unsecured debt (Debt Guarantee Component) and certain non-interest bearing transaction accounts (Deposit Guarantee Component).

Emergency Justfication: The Temporary Liquidity Program (TLGP), established by the FDIC on October 13, 2008, is part of a coordinated Federal government response to severe disruptions in credit markets and a follow-up to the recent systemic risk determination by the Secretary of the Treasury (after consultation with the President). An interim rule implementing the TLGP was published in the Federal Register on October 29, 2008, and information collections contained in the interim rule were approved by OMB under emergency clearance procedures on approved by the FDIC Board on October 23, 2008. The final rule, which was published in the Federal Register on November 26, 2008 (73 FR 72244), contains additional information collections necessary for effective program implementation.

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Authorizing Statute(s): US Code: 12 USC 1823(c)(4)(G) Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1819(a) Tenth Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1821(d)(1) Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3064-AD37	Final or interim final rulemaking	73 FR 72244	11/26/2008

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 13

IC Title	Form No.	Form Name
Section 370.3(h)(1)(i) - Request to establish or increase debt guarantee limit
Section 370.3(h)(1)(iii) - Request by non-participating surviving entity to opt in to debt guarantee program
Section 370.3(h)(1)(iv) - Request by affiliate to participate in debt guarantee or transaction account guarantee program
Section 370.3(h)(1)(ii) - Request for increase in presumptive debt guarantee limit of zero
Section 370.5(h)(4) - Written Disclosures of Participation in Transaction Account Guarantee Program
Sections 370.5(c) and (g) - Opt-out of Debt Guarantee Program, Transaction Account Guarantee Program, or Both
Section 370.11(a)(1)(a) - Notification of Termination of Participation in TLG Program
Section 370.12(b)(1)(A) - Debtholders Receivership Claim
Section 370.6(b) - Notice of Debt Under Debt Guarantee Program
370.3(b)(3) - Periodic Reports on amount of unsecured debt
Section 370.5(h)(2) - Written Disclosure As to Guarantee Status of Newly Issued Debt
Section 370.12(b)(2)(A) - Unsecured Senior Debtholders POC
Section 370.3(b)(2) - Amount of Senior Unsecured Debt

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ICR Summary 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	108,550	107,300	0	1,250	0	0
Annual Time Burden (Hours)	2,201,500	2,199,100	0	2,400	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The final rule implementing the TLG Program includes a requirement for written letter applications for entities wishing to establish or increase debt guarantee limits and for certain entities wishing to participate or opt in to the debt guarantee or transaction account guarantee programs.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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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: 11/26/2008

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