Notice2021-13445
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 24, 2021
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064-0006; -0015; -0019; and--0097).
Full Text
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<title>Federal Register, Volume 86 Issue 119 (Thursday, June 24, 2021)</title>
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[Federal Register Volume 86, Number 119 (Thursday, June 24, 2021)]
[Notices]
[Pages 33287-33289]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-13445]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0006; -0015; -0019 and -0097]
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Agency information collection activities: Submission for OMB
Review; comment request.
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SUMMARY: The FDIC, as part of its obligations under the Paperwork
Reduction Act of 1995, invites the general public and other Federal
agencies to take this opportunity to comment on the request to renew
the existing information collections described below (OMB Control No.
3064-0006; -0015; -0019; and--0097).
DATES: Comments must be submitted on or before July 26, 2021.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
<bullet> Agency Website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#04676b6969616a70774462606d672a636b72"><span class="__cf_email__" data-cfemail="6f0c0002020a011b1c2f090b060c41080019">[email protected]</span></a>. Include the name and number of
the collection in the subject line of the message.
<bullet> Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW,
Washington, DC 20429.
<bullet> Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street NW building (located on F
Street), on business days between 7:00 a.m. and 5:00 p.m.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular information
collection by selecting ``Currently under 30-day Review--Open for
Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, <a href="/cdn-cgi/l/email-protection#a1ccc2c0c3c4dbc0e1c7c5c8c28fc6ced7"><span class="__cf_email__" data-cfemail="c7aaa4a6a5a2bda687a1a3aea4e9a0a8b1">[email protected]</span></a>, MB-3128, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collections of
information:
1. Title: Interagency Biographical and Financial Report.
OMB Number: 3064-0006.
Form Number: 6200/06.
Affected Public: Individuals or households; business or other for
profit; Insured state nonmember banks and state savings associations.
Burden Estimate:
[[Page 33288]]
Summary of Annual Burden
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Estimated
Information collection Type of burden Obligation to Estimated number frequency of Estimated time per Estimated annual
description respond of respondents responses response burden
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Interagency Biographical and Reporting......... Mandatory......... 514............... On Occasion....... 4.5 hours......... 2,313 hours
Financial Report.
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Total Estimated Annual Burden: 2,313 hours.
General Description of Collection: The Interagency Biographical and
Financial Report is submitted to the FDIC by: (1) Each individual
director, officer, or individual or group of shareholders acting in
concert that will own or control 10 percent or more, of a proposed or
operating depository institution applying for FDIC deposit insurance;
(2) a person proposing to acquire control of an insured state nonmember
bank, state savings association (FDIC-supervised institution) and
certain parent companies of such entities; (3) each proposed new
director or proposed new chief executive officer of an FDIC supervised
institution which has undergone a change in control within the
preceding twelve months; and (4) each proposed new director or senior
executive officer of an FDIC-supervised institution that is not in
compliance with all minimum capital requirements, is in troubled
condition, or otherwise is required to provide such notice. The
information collected is used by the FDIC to evaluate the general
character and financial condition of individuals who will be involved
in the management or control of financial institutions, as required by
statute. In order to lessen the burden on applicants, the FDIC
cooperates with the other federal banking agencies to the maximum
extent possible in processing the various applications.
2. Title: Interagency Bank Merger Application.
OMB Number: 3064-0015.
Form Number: 6220/01.
Affected Public: Individuals or households; business or other for
profit.
Burden Estimate:
Summary of Annual Burden
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Estimated
Information collection Type of burden Obligation to Estimated number frequency of Estimated time per Estimated annual
description respond of respondents responses response burden
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Interagency Bank Merger Act Reporting......... Mandatory......... 103............... On Occasion....... 19 hours.......... 1,957 hours
Application--Affiliated
Transactions.
Interagency Bank Merger Act Reporting......... Mandatory......... 119............... On Occasion....... 31 hours.......... 3,689 hours
Application--Nonaffiliated
Transactions.
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Total Estimated Annual Burden: 5,646 hours.
General Description of Collection: The Interagency Bank Merger Act
Application form is used by the FDIC, the Board of Governors of the
Federal Reserve System, and the Office of the Comptroller of the
Currency for applications under section 18(c) of the Federal Deposit
Insurance Act (FDIA), as amended (12 U.S.C. 1828(c)). The application
is used for a merger, consolidation, or other combining transaction
between nonaffiliated parties as well as to effect a corporate
reorganization between affiliated parties (affiliate transaction). An
affiliate transaction refers to a merger transaction or other business
combination (including a purchase and assumption) between institutions
that are commonly controlled (for example, between a depository
institution and an affiliated interim institution). There are different
levels of burden for nonaffiliate and affiliate transactions.
Applicants proposing affiliate transactions are required to provide
less information than applicants involved in the merger of two
unaffiliated entities. If depository institutions are not controlled by
the same holding company, the merger transaction is considered a non-
affiliate transaction.
3. Title: Interagency Notice of Change in Control.
OMB Number: 3064-0019.
Form Number: 6822/01.
Affected Public: Individuals, insured state nonmember banks, and
insured state savings associations.
Burden Estimate:
Summary of Annual Burden
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Estimated
Information collection Type of burden Obligation to Estimated number frequency of Estimated time per Estimated annual
description respond of respondents responses response burden
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Interagency Notice of Change in Recordkeeping..... Mandatory......... 18................ On Occasion....... 30.5 hours........ 549 hours
Control.
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Total Estimated Annual Burden: 549 hours.
General Description of Collection: Section 7(j) of the FDIA (12
U.S.C. 1817(j)) and sections 303.80-88 of the FDIC Rules and
Regulations (12 CFR 303.80 et seq.) require that any person proposing
to acquire control of an insured depository institution and certain
parent companies thereof provide 60 days prior written notice of the
proposed acquisition to the appropriate federal banking agency. Such
written notice which pertains to the acquisition of control of an FDIC
supervised institution and certain parent companies thereof is filed
with the regional director of the FDIC region in which the bank is
located. The FDIC reviews the information reported in the Notice to
assess, in part, any anticompetitive and monopolistic effects of the
proposed acquisition, to determine if the financial condition of
[[Page 33289]]
any acquiring person or the future prospects of the institution might
jeopardize the financial stability of the institution or prejudice the
interests of the depositors of the institution, and to determine
whether the competence, experience, or integrity of any acquiring
person, or of any of the proposed management personnel, indicates that
it would not be in the interest of the depositors of the institution,
or in the interest of the public, to permit such persons to control the
bank. The FDIC must also make an independent determination of the
accuracy and completeness of all of the information required to be
filed in conjunction with a Notice.
4. Title: Interagency Notice of Change in Control.
OMB Number: 3064-0097.
Form Number: 6822/02.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
Summary of Annual Burden
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Estimated
Information collection Type of burden Obligation to Estimated number frequency of Estimated time per Estimated annual
description respond of respondents responses response burden
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Interagency Notice of Change in Reporting......... Mandatory......... 107............... On Occasion....... 2 hours........... 214 hours
Director or Executive Officer.
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Total Estimated Annual Burden: 214 hours.
General Description of Collection: Section 32 of the FDIA (12
U.S.C. 1831i) requires an insured depository institution or depository
institution holding company under certain circumstances to notify the
appropriate federal banking agency of the proposed addition of any
individual to the board of directors or the employment of any
individual as a senior executive officer of such institution at least
30 days before such addition or employment becomes effective. Section
32 of the FDIA also provides that the FDIC may disapprove an
individual's service as a director or senior executive officer of
certain state nonmember banks or state savings associations if, upon
assessing the individual's competence, experience, character, and
integrity, it is determined that the individual's service would not be
in the best interest of the depositors of the institution or the
public. The Interagency Notice of Change in Director or Senior
Executive Officer, with the information contained in the Interagency
Biographical and Financial Report (described above) as an attachment,
is used by the FDIC to collect information relevant to assess the
individual's competence, experience, character, and integrity
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,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology. All
comments will become a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on June 15, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-13445 Filed 6-23-21; 8:45 am]
BILLING CODE 6714-01-P
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