[Federal Register Volume 72, Number 25 (Wednesday, February 7, 2007)]
[Notices]
[Page 5718]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-1925]



[[Page 5718]]

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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collections to be submitted to OMB for 
review and approval; comment request.

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SUMMARY: In accordance with requirements of the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the FDIC hereby gives notice that it 
plans to submit to the Office of Management and Budget (OMB) a request 
for OMB review and approval of the information collection system 
described below. The collection would provide information on the 
features and effects of overdraft protection programs in State 
nonmember financial institutions.

DATES: Comments must be submitted on or before March 9, 2007.

ADDRESSES: Interested parties are invited to submit written comments by 
mail to Steve Hanft, Legal Division, Federal Deposit Insurance 
Corporation, 550 17th Street, NW., Washington, DC 20429; by fax to Mr. 
Hanft at (202) 898-8788; or by e-mail to [email protected]. All 
comments should refer to ``Study of Overdraft Protection Programs.'' 
Copies of 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: Interested members of the public may 
obtain additional information about the collection, including a copy of 
the proposed collection and related instructions without charge, by 
contacting Steve Hanft at the address identified above.

SUPPLEMENTARY INFORMATION: Proposal to seek OMB approval for the 
following new collection of information:
    Title: Study of Overdraft Protection Programs.
    OMB Number: New collection (3064-xxxx).
    Frequency of Response: One-time.
    Affected Public: State nonmember financial institutions and data 
service providers.
    Estimated Number of Respondents: 500.
    Estimated time per response: Survey questions: approximate average 
of 3 hours per respondent. Micro-data collection: approximate range of 
40 to 100 hours per respondent, with an estimated average of 80 hours.
    Estimated Total Annual Burden:
    Survey questions: 500 respondents times 3 hours per = 1,500 hours.
    Micro-data collection: 100 respondents (financial institutions and/
or service providers) times the estimated average of 80 hours = 8,000 
hours.
    Total burden = 1,500 + 8,000 = 9,500 hours.
    General Description of Collection: The FDIC is planning a study of 
the overdraft protection products offered by financial institutions and 
the usage patterns among depositors in those institutions. The study 
requires collection of data from financial institutions that are not 
currently included in the Call Reports or other standard periodic 
regulatory reports. These data will be collected in two parts: a survey 
in which a sample of 500 state-chartered nonmember financial 
institutions will be asked up to 88 questions about each type of 
overdraft policy that they implement, and an additional micro-data 
collection in which more detailed information will be collected from up 
to 100 of these institutions. To minimize burden on respondents, the 
FDIC will use automated data collection techniques wherever possible. 
The data collection conforms to privacy rules and will not request any 
information that could be used to identify individual bank customers, 
such as name, address, or account number. All data from, and identities 
of, the financial institutions will remain confidential. It is the 
intent of the FDIC to publish only general findings from the data 
collection.

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; 
(c) ways to enhance the quality, utility, and clarity of the 
information to be collected; (d) ways to minimize the burden of the 
information collection on respondents, including through the use of 
automated collection techniques or other forms of information 
technology; and (e) estimates of capital or start up costs, and costs 
of operation, maintenance and purchase of services to provide the 
information.

    Dated at Washington, DC, this 1st day of February, 2007.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
 [FR Doc. E7-1925 Filed 2-6-07; 8:45 am]
BILLING CODE 6714-01-P