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
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.