60-day Federal Register Notice

Federal Register / Vol. 77, No. 243 / Tuesday, December 18, 2012 / Notices
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Revision; Comment Request;
Purchaser Eligibility Certification
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The FDIC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on renewal of an existing
information collection, as required by
the Paperwork Reduction Act of 1995
(44 U.S.C. chapter 35). Currently, the
FDIC is soliciting comment on revision
of the information collection described
below.
DATES: Comments must be submitted on
or before February 19, 2013.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• http://www.FDIC.gov/regulations/
laws/federal/notices.html.
• Email: comments@fdic.gov Include
the name of the collection in the subject
line of the message.
• Mail: Leneta G. Gregorie (202–898–
3719), Counsel, Room F–1084, 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 17th Street Building
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Leneta G. Gregorie, at the FDIC address
above.
SUPPLEMENTARY INFORMATION:

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SUMMARY:

Proposal To Revise the Following
Currently Approved Collection of
Information
Title: Asset Purchaser Eligibility
Certification.
OMB Number: 3064–0135.
Form Number: FDIC 7300/06,
‘‘Purchaser Eligibility Certification’’;
7300/07, ‘‘Pre-Qualification Request’’;
and 7300/08, ‘‘Contact Information
Form’’.
Frequency of Response: On occasion.

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Affected Public: Business or other
financial institutions.
Estimated Number of Respondents:
600.
Estimated Time per Response: 1.0
hour (Purchaser Eligibility Certification,
30 minutes; Pre-Qualification Request,
20 minutes; and Contact Information
Form, 10 minutes).
Total Annual Burden: 600 hours.
General Description of Collection: The
FDIC uses the Purchaser Eligibility
Certification form, FDIC Form No. 7300/
06, to identify prospective bidders who
are not eligible to purchase assets of
failed institutions from the FDIC.
Specifically, section 11(p) of the Federal
Deposit Insurance Act prohibits the sale
of assets of failed institutions to certain
individuals or entities that profited or
engaged in wrongdoing at the expense
of those failed institutions, or seriously
mismanaged those failed institutions.
The FDIC is proposing to update the
Privacy Act Statement in the Purchaser
Eligibility Certification form. In
addition, the FDIC is proposing to add
two forms to the Purchaser Eligibility
Certification information collection: the
Pre-Qualification Request form, FDIC
Form No. 7300/07, is designed to
determine which prospective bidders
are qualified to bid on particular types
of assets offered by the FDIC (e.g.,
securities, mortgage servicing portfolios,
shared national credits. Interests in
structured transactions, credit card
receivables) for which no further
qualification criteria are required to be
met and to ensure that prospective
bidders understand the terms and
conditions of asset sales; and the
Contact Information Form, FDIC Form
No. 7300/08, determines the type of
assets a prospective bidder is interested
in and facilitates communication with
the prospective bidder. A link to copies
of the forms can be found directly
beneath this notice on the FDIC’s
Federal Register Citations Web page at:
http://www.fdic.gov/regulations/laws/
federal/notices.html.
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,
including the validity of the
methodology and assumptions used; (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

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other forms of information technology.
All comments will become a matter of
public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, this 12th day of
December 2012.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2012–30343 Filed 12–17–12; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Modifications to Statement of Policy
for Section 19 of the Federal Deposit
Insurance Act
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Modifications to Statement of
Policy for Section 19 of the Federal
Deposit Insurance Act.
AGENCY:

The FDIC originally
promulgated the Statement of Policy for
Section 19 of the Federal Deposit
Insurance Act (SOP) in December 1998.
The FDIC, in 2007, issued a clarification
to the SOP based on the 2006
amendment to Section 19 of the Federal
Deposit Insurance Act, which addressed
institution-affiliated parties (IAPs)
participating in the affairs of Bank
Holding Companies, or Savings and
Loan Holding Companies. The FDIC, in
2011, clarified the SOP as to: (i) The
applicability of section 19 on bank and
thrift holding company institutionaffiliated parties; (ii) the term ‘‘complete
expungement;’’ and (iii) the factors for
considering de minimis convictions.
The FDIC is restating the full SOP,
including previous changes, and
modifying what the FDIC views as the
definition of de minimis offenses.
DATES: The change to the policy
statement is effective December 18,
2012.
FOR FURTHER INFORMATION CONTACT:
Martin P. Thompson, Senior Review
Examiner (202) 898–6767, in the
Division of Risk Management
Supervision; or Michael P. Condon,
Counsel, (202) 898–6536, in the Legal
Division.
SUPPLEMENTARY INFORMATION:
SUMMARY:

I. Background
Section 19 of the Federal Deposit
Insurance Act, 12 U.S.C. 1829, (FDI Act)
prohibits, without the prior written
consent of the FDIC, a person convicted
of any criminal offense involving
dishonesty or breach of trust or money
laundering (covered offenses), or who
has agreed to enter into a pretrial

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