Temporary Liquidity Guarantee Program

ICR 200903-3064-003

OMB: 3064-0166

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2009-03-17
Supplementary Document
2009-03-16
IC Document Collections
IC ID
Document
Title
Status
188439
New
188438
New
188188
Unchanged
187322
Unchanged
187321
Unchanged
187320
Unchanged
187319
Unchanged
186987
Unchanged
186954
Unchanged
186952
Unchanged
186951
Unchanged
186947
Unchanged
186946
Unchanged
186945
Unchanged
186944
Unchanged
186943
Unchanged
ICR Details
3064-0166 200903-3064-003
Historical Active 200902-3064-003
FDIC
Temporary Liquidity Guarantee Program
Revision of a currently approved collection   No
Emergency 03/17/2009
Approved with change 03/17/2009
Retrieve Notice of Action (NOA) 03/17/2009
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.

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
   US Code: 12 USC 1823(c)(4)(G) Name of Law: Federal Deposit Insurance Act
  
None

3064-AD37 Final or interim final rulemaking 74 FR 9522 03/04/2009

No

  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 109,700 108,675 0 1,025 0 0
Annual Time Burden (Hours) 2,203,675 2,201,625 0 2,050 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
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.
03/17/2009


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