Pre-approval contingent upon no substantive changes to this collection after adoption of the final rule. Otherwise this collection should be re-submitted to OMB for review.
Inventory as of this Action
Requested
Previously Approved
10/31/2012
36 Months From Approved
12
0
0
48
0
0
0
0
0
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 FDICÂs existing regulation on October 31, 2009, with the FDICÂs 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
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 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.
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.
SPST Emergency Access ESS PRA Guarantee Facility_NPR_September 15_2009 (rkc)(aaj).doc
Temporary Liquidity Guarantee Program --Emergency Guarantee Facility