60-day Federal Register Notice

Federal Register / Vol. 75, No. 246 / Thursday, December 23, 2010 / Notices
language interpretation at Commission
meetings for the hearing impaired.
Requests for other reasonable
accommodations may be made by using
the voice and TTY numbers listed
above.
CONTACT PERSON FOR MORE INFORMATION:
Stephen Llewellyn, Executive Officer on
(202) 663–4070.
Dated: December 21, 2010.
Stephen Llewellyn,
Executive Officer, Executive Secretariat.
[FR Doc. 2010–32529 Filed 12–21–10; 4:15 pm]
BILLING CODE 6570–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Revision of
Information Collection; Comment
Request
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.

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AGENCY:

The FDIC, as part of its continuing
effort to reduce paperwork and
respondent burden and as required by
the Paperwork Reduction Act of 1995
(44 USC chapter 35), invites the general
public and other Federal agencies to
comment on proposed revisions to the
survey collection instruments for its
second National Survey of Banks’
Efforts to Serve the Unbanked and
Underbanked, currently approved under
OMB Control No. 3064–0158, scheduled
to be conducted in mid-2011. The
collection is mandated by section 7 of
the Federal Deposit Insurance Reform
Conforming Amendments Act of 2005
(‘‘Reform Act’’) (Pub. L. 109–173), which
calls for the FDIC to conduct ongoing
surveys on efforts by insured depository
institutions to bring those individuals
and families who have rarely, if ever,
held a checking account, a savings
account or other type of transaction or
check cashing account at an insured
depository institution (hereafter in this
section referred to as the ‘unbanked’)
into the conventional finance system.’’
In addition to gathering information on
the efforts of FDIC-insured depository
institutions to bring unbanked
individuals and families into the
conventional finance system, the Bank
Survey collects information on their
efforts to serve underbanked
populations. Underbanked populations
include individuals who have an
account with an insured depository but
also rely on nonbank alternative
financial service providers for

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transaction services or high cost credit
products.
DATES: Comments must be submitted on
or before February 22, 2011.
ADDRESSES: Interested parties are
invited to submit written comments by
any of the following methods. All
comments should refer to the ‘‘National
Survey on Banks’ Efforts to Serve the
Unbanked and Underbanked’’: http://
www.FDIC.gov/regulations/laws/
federal/.
E-mail: comments@fdic.gov. Please
include the name and number of the
collection in the subject line of the
message.
Mail: Leneta Gregorie (202–898–
3719), Counsel, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 550 17th Street Building
(located on F Street), on business days
between 7 a.m. and 5 p.m.
FOR FURTHER INFORMATION CONTACT:
Interested members of the public may
obtain additional information about the
collection, including a copy of the
proposed collection and related
instructions, without charge, by
contacting Leneta Gregorie at the
address identified above, or by calling
(202) 898–3719. Copies of the survey
instruments may also be accessed online, at http://www.fdic.gov/regulations/
laws/federal/index.html, directly
beneath the link to this Federal Register
notice.
SUPPLEMENTARY INFORMATION: The
National Survey on Banks’ Efforts to
Serve the Unbanked and Underbanked
(Bank Survey) collection of information
consists of two related survey
instruments: (1) a survey of insured
depository institution headquarters
offices regarding business strategies for
serving the unbanked and underbanked;
and (2) a survey of branches of insured
depository institutions regarding
specific methods used to reach the
underserved and specific products and
services offered at each location. The
estimated burden for the surveys is as
follows:
1. Headquarters Survey
OMB Number: 3064–0158.
Frequency of Response: once.
Affected Public: FDIC-insured
depository institutions headquarters
offices.
Estimated Number of Respondents:
480.
Estimated Time per Response: 30
minutes per respondent.
Estimated Burden: 0.5 hours × 480
respondents = 240 hours.

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2. Branch Office Survey
OMB Number: 3064–0158.
Frequency of Response: Once.
Affected Public: FDIC-insured
depository institutions branch offices.
Estimated Number of Respondents:
1,300.
Estimated Time per Response: 30
minutes per respondent.
Estimated Burden: 0.5 hours × 1,300
respondents = 650 hours.
Total estimated burden for this
collection: 240 hours + 650 hours = 890
hours.
General Description of Collection
The FDIC has a number of initiatives
underway to encourage practical
solutions to ensure that all consumers
have reasonable access to full service
banking and other financial services.
The FDIC believes that insured
depositories can provide a path into the
financial mainstream for those who
need these financial services, and that
depository institutions can create an
array of affordable lending services to
meet the needs of all their customers.
Currently a significant segment of the
population relies on a mix of non-bank
financial service providers for their
needs. The FDIC has undertaken a series
of investigations in this area, including
the Bank Survey. The survey is
mandated by section 7 of the Reform
Act, which calls for the FDIC to conduct
ongoing surveys ‘‘on efforts by insured
depository institutions to bring those
individuals and families who have
rarely, if ever, held a checking account,
a savings account or other type of
transaction or check cashing account at
an insured depository institution
(hereafter in this section referred to as
the ‘unbanked’) into the conventional
finance system.’’ The Reform Act
specifically mandates that the FDIC
consider the following factors and
questions in conducting the survey:
‘‘(A) To what extent do insured
depository institutions promote
financial education and financial
literacy outreach?’’
‘‘(B) Which financial education efforts
appear to be the most effective in
bringing ‘unbanked’ individuals and
families into the conventional finance
system?’’
‘‘(C) What efforts are insured
institutions making at converting
‘unbanked’ money order, wire transfer,
and international remittance customers
into conventional account holders?’’
‘‘(D) What cultural, language and
identification issues as well as
transaction costs appear to most prevent
‘unbanked’ individuals from
establishing conventional accounts?’’

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Federal Register / Vol. 75, No. 246 / Thursday, December 23, 2010 / Notices

‘‘(E) What is a fair estimate of the size
and worth of the ‘unbanked’ market in
the United States?’’
In addition to these mandated
objectives, the FDIC seeks to identify
and quantify the extent to which
institutions serve the needs of the
unbanked and underbanked; identify
the characteristics of institutions that
are reaching out to and serving the
unbanked and underbanked; identify
efforts (for example, practices,
programs, alliances) of institutions to
serve the unbanked and underbanked;
and identify potential barriers that affect
the ability of institutions to serve the
unbanked and underbanked.
In its inaugural survey effort, the first
of its kind to be conducted at the
national level, the FDIC conducted a
two-pronged survey—a sample survey
of FDIC-insured depository institutions
and a limited number of case studies of
FDIC-insured depository institutions
that were employing innovative
methods to serve unbanked and
underbanked populations. The results of
the initial survey effort, which were
released in February 2009, showed that
while most banks were aware of
significant unbanked and underbanked
populations in their areas, more could
be done to reach out to these important
markets. A copy of the survey findings
can be accessed at the following link:
http://www.fdic.gov/unbankedsurveys/.
In this second Bank Survey survey
effort, the FDIC proposes to sample
survey FDIC-insured depository
institution at the headquarters and
branch office level on their efforts to
meet the needs of underserved
populations. By so doing, the survey
will provide insights into relevant
headquarter strategies as well as
offerings at the branch level. This
approach will also enable the FDIC to
analyze survey results by bank size class
as well as by geographic location,
including efforts of branch offices
located in low to-moderate income
versus other geographic areas.

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Request for Comment
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the

burden of the information collection; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
The FDIC will consider all comments to
determine the extent to which the
proposed information collection should
be modified prior to submission to OMB
for review and approval. After the
comment period closes, comments will
be summarized or included in the
FDIC’s request to OMB for approval of
the collection. All comments will
become a matter of public record.
Dated at Washington, DC, this 20th day of
December, 2010.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.

observation; and that the matters could
be considered in a closed meeting by
authority of subsections (c)(2), (c)(4),
(c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and
(c)(10) of the ‘‘Government in the
Sunshine Act’’ (5 U.S.C. 552b(c)(2),
(c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B),
and (c)(10)).
The meeting was held in the Board
Room of the FDIC Building located at
550—17th Street, NW., Washington, DC.
Dated: December 14, 2010.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2010–32501 Filed 12–21–10; 4:15 pm]
BILLING CODE P

FEDERAL DEPOSIT INSURANCE
CORPORATION

BILLING CODE P

Update to Notice of Financial
Institutions for Which the Federal
Deposit Insurance Corporation Has
Been Appointed Either Receiver,
Liquidator, or Manager

FEDERAL DEPOSIT INSURANCE
CORPORATION

AGENCY:

[FR Doc. 2010–32282 Filed 12–22–10; 8:45 am]

Sunshine Act Meeting
Pursuant to the provisions of the
‘‘Government in the Sunshine Act’’
(5 U.S.C. 552b), notice is hereby given
that at 11:10 a.m. on Tuesday, December
14, 2010, the Board of Directors of the
Federal Deposit Insurance Corporation
met in closed session to consider
matters related to the Corporation’s
supervision, corporate and resolution
activities.
In calling the meeting, the Board
determined, on motion of Vice
Chairman Martin J. Gruenberg,
seconded by Director John E. Bowman
(Acting Director, Office of Thrift
Supervision), concurred in by Director
Thomas J. Curry (Appointive), Director
John G. Walsh (Acting Comptroller of
the Currency), and Chairman Sheila C.
Bair, that Corporation business required
its consideration of the matters which
were to be the subject of this meeting on
less than seven days’ notice to the
public; that no earlier notice of the
meeting was practicable; that the public
interest did not require consideration of
the matters in a meeting open to public

Federal Deposit Insurance
Corporation.
ACTION: Update Listing of Financial
Institutions in Liquidation.
Notice is hereby given that
the Federal Deposit Insurance
Corporation (Corporation) has been
appointed the sole receiver for the
following financial institutions effective
as of the Date Closed as indicated in the
listing. This list (as updated from time
to time in the Federal Register) may be
relied upon as ‘‘of record’’ notice that the
Corporation has been appointed receiver
for purposes of the statement of policy
published in the July 2, 1992 issue of
the Federal Register (57 FR 29491). For
further information concerning the
identification of any institutions which
have been placed in liquidation, please
visit the Corporation Web site at http://
www.fdic.gov/bank/individual/failed/
banklist.html or contact the Manager of
Receivership Oversight in the
appropriate service center.

SUMMARY:

Dated: December 13, 2010.
Federal Deposit Insurance Corporation.
Pamela Johnson,
Regulatory Editing Specialist.

INSTITUTIONS IN LIQUIDATION
[In alphabetical order]
FDIC Ref. No.

Bank name

City

10317 ................
10318 ................

Earthstar Bank .....................................................
Paramount Bank ..................................................

Southampton .......................................................
Farmington Hills ...................................................

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State

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PA
MI

Date closed
12/10/2010
12/10/2010