Federal Register #3064-0061

FDIC Requests Comment on Renewal of Summary of Deposits Information Collection

The Federal Deposit Insurance Corporation (FDIC) is seeking public and agency comments on the proposed renewal of its Summary of Deposits (SOD) information collection (OMB Control No. 3064-0061). - Purpose: To collect annual data on branch office deposits from all FDIC-insured depository institutions, including U.S. branches of foreign banks - No products, services, OEMs, or vendors are being procured or referenced - The FDIC requests feedback on: - The necessity and practical utility of the information collection - The accuracy of the agency’s estimate of the burden - Ways to enhance the quality, utility, and clarity of the information - Methods to minimize the burden on respondents - This is an information collection notice, not a procurement or contract opportunity

Description

The Federal Deposit Insurance Corporation (FDIC) is requesting comments on the renewal of an existing information collection under the Paperwork Reduction Act of 1995. This collection, identified by OMB Control No. 3064-0061, involves the Summary of Deposits survey, which collects annual data on branch office deposits as of June 30 from all FDIC-insured institutions. The data is used to measure the competitive impact of bank mergers and for banking research. The FDIC invites public and federal agency comments on the necessity, accuracy, and burden of this information collection.

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