Notice2021-17408
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
August 16, 2021
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (OMB Control No. 3064-0018; and -0165).
Full Text
<html>
<head>
<title>Federal Register, Volume 86 Issue 155 (Monday, August 16, 2021)</title>
</head>
<body><pre>
[Federal Register Volume 86, Number 155 (Monday, August 16, 2021)]
[Notices]
[Pages 45729-45730]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-17408]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0018; -0165]
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The FDIC, as part of its obligations under the Paperwork
Reduction Act of 1995 (PRA), invites the general public and other
Federal agencies to take this opportunity to comment on the renewal of
the existing information collections described below (OMB Control No.
3064-0018; and -0165).
DATES: Comments must be submitted on or before October 15, 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#d3b0bcbebeb6bda7a093b5b7bab0fdb4bca5"><span class="__cf_email__" data-cfemail="1b787476767e756f685b7d7f7278357c746d">[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 building
[[Page 45730]]
(located on F Street), on business days between 7:00 a.m. and 5:00 p.m.
All comments should refer to the relevant OMB control number. A
copy of the 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: Manny Cabeza, Regulatory Counsel, 202-
898-3767, <a href="/cdn-cgi/l/email-protection#204d434142455a4160464449430e474f56"><span class="__cf_email__" data-cfemail="bed3dddfdcdbc4dffed8dad7dd90d9d1c8">[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: Application Pursuant to Section 19 of the Federal Deposit
Insurance Act.
OMB Number: 3064-0018.
Form Number: 6710-07.
Affected Public: Individuals and FDIC-insured depository
institutions.
Burden Estimate:
Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Estimated Estimated
Estimated average time per annual
Information collection description Type of burden Obligation to respond number of frequency of response burden
respondents response (hours) (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Application Pursuant to Section 19 of Reporting................. Mandatory................. 73 1 16 hours 1,168
the Federal Deposit Insurance Act. hours
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total Estimated Annual Burden: 1,168 hours.
General Description of Collection: Section 19 of the Federal
Deposit Insurance Act (FDI), 12 U.S.C. Section 1829, requires the
FDIC's consent prior to any participation in the affairs of an insured
depository institution by an individual who has been convicted of
crimes involving dishonesty or breach of trust, and included drug-
related convictions. To obtain that consent, certain individuals and
insured depository institutions must submit an application to the FDIC
for approval on Form FDIC 6710/07.
2. Title: Pillar 2 Guidance--Advanced Capital Framework.
OMB Number: 3064-0165.
Form Number: None.
Affected Public: Insured state nonmember banks and certain
subsidiaries of these entities.
Burden Estimate:
Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Estimated
Estimated Estimated time per annual
Information collection description Type of burden Obligation to respond number of frequency of response burden
respondents responses (hours) (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Pillar 2 Guidance....................... Recordkeeping............. Voluntary................. 1 4 105 hours 420 hours
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total Estimated Annual Burden: 420 hours.
General Description of Collection: There has been no change in the
method or substance of this information collection. The number of
institutions subject to the record keeping requirements has decreased
from eight (8) to two (2). In 2008 the Office of the Comptroller of the
Currency, the Board of Governors of the Federal Reserve System and the
FDIC issued a supervisory guidance document related to the supervisory
review process of capital adequacy (Pillar 2) in connection with the
implementation of the Basel II Advanced Capital Framework.1 Sections
37, 41, 43 and 46 of the guidance include possible information
collections. Section 37 provides that banks should state clearly the
definition of capital used in any aspect of its internal capital
adequacy assessment process (ICAAP) and document any changes in the
internal definition of capital. Section 41 provides that banks should
maintain thorough documentation of its ICAAP. Section 43 specifies that
the board of directors should approve the bank's ICAAP, review it on a
regular basis and approve any changes. Section 46 recommends that
boards of directors periodically review the assessment of overall
capital adequacy and analyze how measures of internal capital adequacy
compare with other capital measures such as regulatory or accounting.
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 August 10, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-17408 Filed 8-13-21; 8:45 am]
BILLING CODE 6714-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on August 16, 2021.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.