The Federal Deposit Insurance Act requires a proposed financial institution to apply to the FDIC to obtain deposit insurance. This collection provides FDIC with the information needed to evaluate applications for deposit insurance.
The burden reduction of 9,250 hours is an adjustment, attributable to a significant decline in the number of deposit insurance applications.
$4,082,400
No
No
No
No
No
Uncollected
Leneta Gregorie 202 898-3719
No
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.