Insured financial institutions must
provide quarterly reports of condition and income to the
appropriate regulatory for supervisory, surveillance, regulatory,
research, insurance assessment and informational purposes. This
revision changes the reporting requirement to the daily average
balance for TAG (Transaction Account Guarantee) charges, instead of
the the balance for the TAG charges on the last day of the quarter,
which fluctuates greatly.
US Code:
12
USC 1817(a) Name of Law: Federal Deposit Insurance Act
The number of respondents has
decreased from 4955 reporting quarterly for a total of 19,820
annual responses to 4880 reporting quarterly for a total of 19,520,
a decrease in annual responses of 300. The previous burden was
771,791 hours. There is a decreased hourly burden estimate due to
the change in number of respondents of -11,721, and an increase due
to program change due to agency discretion of 14,484 hours for a
new requested burden of 774,554, a net increase of 2763.
$0
No
No
No
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.