Application for Consent to Exercise Trust Powers

Forms and Documents

Document Name	Status
Form 6200/09 Application for Consent to Exercise Trust Powers - Eligible Depository Institutions Form and Instruction	Modified
Form 6200/09 Application for Consent to Exercise Trust Powers - Not-Eligible Depository Institutions Form and Instruction	Unchanged
FR2 0025 Application to Exercise Trust Powers 90 FR 7694 January 22 2025.pdf Supplementary Document	2025-01-22
FR1 0025 Application to Exercise Trust Powers 89 FR 87877 Nov 5 2024.pdf Supplementary Document	2025-01-17
SPST-0025 Application for Consent to Exercise Trust Powers -2025 Renewal.docx Supporting Statement A	2025-01-17

IC Document Collections

IC ID	Document Title	Status
42557	Application for Consent to Exercise Trust Powers - Eligible Depository Institutions Form and Instruction	Modified
230921	Application for Consent to Exercise Trust Powers - Not-Eligible Depository Institutions Form and Instruction	Unchanged

ICR Details

OMB Control No: 3064-0025	ICR Reference No: 202501-3064-003
Status: Received in OIRA	Previous ICR Reference No: 202109-3064-005
Agency/Subagency: FDIC	Agency Tracking No: 3064-0025
Title: Application for Consent to Exercise Trust Powers
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 01/22/2025

	Requested	Previously Approved
Expiration Date	36 Months From Approved	01/31/2025
Responses	4	7
Time Burden (Hours)	48	72
Cost Burden (Dollars)	0	0

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Abstract: Banks submit applications to the FDIC for consent to exercise trust powers. Applications are evaluated to verify qualifications of bank management to administer a trust department to ensure that bank's financial condition is not jeopardized.

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Authorizing Statute(s): US Code: 12 USC 1816 sec. 6 Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 87877	11/05/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 7694	01/22/2025
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Application for Consent to Exercise Trust Powers - Eligible Depository Institutions	6200/09	Application for Consent to Exercise Trust Powers
Application for Consent to Exercise Trust Powers - Not-Eligible Depository Institutions	6200/09	Application for Consent to Exercise Trust Powers

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ICR Summary of Burden

	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	4	7	0	0	-3	0
Annual Time Burden (Hours)	48	72	0	0	-24	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 01/22/2025

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