Temporary Liquidity Guarantee Program -- Emergency Guarantee Facility

ICR 200909-3064-001

OMB: 3064-0172

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
3064-0172 200909-3064-001
Historical Inactive
FDIC
Temporary Liquidity Guarantee Program -- Emergency Guarantee Facility
New collection (Request for a new OMB Control Number)   No
Regular
Preapproved 10/20/2009
Retrieve Notice of Action (NOA) 09/16/2009
Pre-approval contingent upon no substantive changes to this collection after adoption of the final rule. Otherwise this collection should be re-submitted to OMB for review.
  Inventory as of this Action Requested Previously Approved
10/31/2012 36 Months From Approved
12 0 0
48 0 0
0 0 0

This Notice of Proposed Rulemaking offers two alternatives for phasing out the Debt Guarantee Program (DGP), a component of the Temporary Liquidity Guarantee Program. Under Alternative A, the DGP would expire as provided for by the FDIC’s existing regulation on October 31, 2009, with the FDIC’s guarantee for such debt expiring no later than December 31, 2012. Under Alternative B, a new IC is created. The DGP will expire as provided for in the current regulation, however, the FDIC would establish a limited six-month emergency guarantee facility to be made available in emergency circumstances to insured depository institutions and certain other entities participating in the DGP upon application to the FDIC and with the approval of the Chairman, after consultation with the Board.

US Code: 12 USC 1819(a) Name of Law: Tenth Name of Law: Federal Deposit Insurance Act
   US Code: 12 USC 1819(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 Proposed rulemaking 74 FR 47489 09/16/2009

No

1
IC Title Form No. Form Name
Temporary Liquidity Guarantee Program --Emergency Guarantee Facility

  Total Request 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 12 0 0 12 0 0
Annual Time Burden (Hours) 48 0 0 48 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
This Notice of Proposed Rulemaking offers two alternatives for phasing out the Debt Guarantee Program (DGP), a component of the Temporary Liquidity Guarantee Program. Under Alternative B, a new IC is created. The DGP will expire as provided for in the current regulation, however, the FDIC would establish a limited six-month emergency guarantee facility to be made available in emergency circumstances to insured depository institutions and certain other entities participating in the DGP upon application to the FDIC and with the approval of the Chairman, after consultation with the Board.

No
No
Uncollected
Uncollected
No
Uncollected
Gary Kuiper 202 898-3877 gkuiper@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.
09/16/2009


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