FDIC Keeps Bank Acquisition Forms on Life Support
Published Date: 3/2/2026
Notice
Summary
The FDIC wants to renew its paperwork rules that businesses must follow when dealing with acquisition services. They’re asking the public and companies to share their thoughts by May 1, 2026. This renewal won’t add new costs but keeps things running smoothly for private businesses involved in these processes.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Estimated Annual Paperwork Hours
The FDIC estimates the total annual paperwork burden for private-sector respondents under OMB No. 3064-0072 at 13,326 hours. Major items listed include: Request for Proposal (634 responses, 10:36 hours each, 6,720 hours) and Request for Information (104 responses, 55:24 hours each, 5,762 hours).
FDIC Paperwork Rules Renewed
The FDIC is renewing its existing information collection (OMB No. 3064-0072) that governs forms and paperwork for firms that want to do business with the FDIC. The agency says the renewal will not add new costs and is open for public comment until May 1, 2026.
Specific Form Questions Removed
The FDIC states it is revising Form 7400/04A to remove certain language and Questions 3, 4, and 7 to comply with Executive Order 14151, and says this change decreases the burden on respondents. The revision is part of the same information collection renewal (OMB No. 3064-0072).
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