Agency made
minor modifications to supporting statement.
Inventory as of this Action
Requested
Previously Approved
09/30/2009
6 Months From Approved
08/31/2009
109,700
0
108,675
2,203,675
0
2,201,625
0
0
0
This interim rule makes amendments to
the FDIC's rule on the Temporary Liquidity Program (TLGP)(12 CFR
Part 370). Specifically, the interim rule expands the types of
senior unsecured debt for which the FDIC will provide guarantees
under the program to include mandatory convertible debt.
The FDIC is amending its
Temporary Liquidity Guarantee Program to provide for a limited
four-month extension to ensure an orderly transition from
guaranteed to non-guaranteed funding for participating entities and
to mitigate the potential for market disruption caused by the
expiration of the program. The interim rule will take effect
immediately and includes provisions for an application by
participating entities to issue non-guaranteed debt that may be
submitted after March 17.
The burden increase is the
result of a limited four-month extension of the TLGP that requires
written letter applications by participating entities to issue
senior unsecured non-guaranteed debt after June 30, 2009, and by
other participating entities that are neither insured depository
institutions nor entities that have issued guaranteed debt under
the program to issue FDIC-guaranteed after June 30, 2009, and on or
before October 31, 2009.
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Leneta Gregorie 202 898-3719
lgregorie@fdic.gov
No
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:
(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;
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.