Notice2022-01313
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
January 25, 2022
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. 3064-0095; and -0117).
Full Text
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<title>Federal Register, Volume 87 Issue 16 (Tuesday, January 25, 2022)</title>
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[Federal Register Volume 87, Number 16 (Tuesday, January 25, 2022)]
[Notices]
[Pages 3806-3807]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-01313]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0095; -0117]
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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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.
3064-0095; and -0117).
DATES: Comments must be submitted on or before March 28, 2022.
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/index.html">https://www.fdic.gov/resources/regulations/federal-register-publications/index.html</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#bfdcd0d2d2dad1cbccffd9dbd6dc91d8d0c9"><span class="__cf_email__" data-cfemail="d8bbb7b5b5bdb6acab98bebcb1bbf6bfb7ae">[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 (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#fe939d9f9c9b849fbe989a979dd0999188"><span class="__cf_email__" data-cfemail="630e0002010619022305070a004d040c15">[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: Procedures for Monitoring Bank Protection Act Compliance.
OMB Number: 3064-0095.
Form Number: None.
Affected Public: Insured state nonmember banks.
Burden Estimate:
Summary of Estimated Annual Burdens (OMB No. 3064-0095)
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Number of
IC description Type of burden Frequency of response Number of responses per Hours per Annual burden
(obligation to respond) respondents respondent response (hours)
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Implementation Burden:
Bank Protection Act Compliance Recordkeeping (Mandatory) Annually................ 35 1 50 1,750
Program--Institutions with an
Asset Size Less than $500
million.
Bank Protection Act Compliance Recordkeeping (Mandatory) Annually................ 57 1 300 17,100
Program--Medium-Sized
Institutions ($500 million-$10
billion).
Bank Protection Act Compliance Recordkeeping (Mandatory) Annually................ 12 1 500 6,000
Program--Large Institutions
(Over $10 billion).
[[Page 3807]]
Ongoing Burden:
Bank Protection Act Compliance Recordkeeping (Mandatory) Annually................ 2,880 1 5 14,400
Program--Routine Revisions.
Bank Protection Act Compliance Recordkeeping (Mandatory) Annually................ 320 1 35 11,200
Program--Significant Revisions.
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Total Annual Burden Hours.. ......................... ........................ .............. .............. .............. 50,450
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Source: FDIC.
General Description of Collection: The collection requires insured
state nonmember banks to comply with the Bank Protection Act and to
review bank security programs The Bank Protection Act of 1968 (12
U.S.C. 1881-1884) requires each Federal supervisory agency to
promulgate rules establishing minimum standards for security devices
and procedures to discourage financial crime and to assist in the
identification of persons who commit such crimes. To avoid the
necessity of constantly updating a technology-based regulation, the
FDIC takes a flexible approach to implementing this statute. It
requires each insured nonmember bank to designate a security officer
who will administer a written security program. The security program
must: (1) Establish procedures for opening and closing for business and
for safekeeping valuables; (2) establish procedures that will assist in
identifying persons committing crimes against the bank; (3) provide for
initial and periodic training of employees in their responsibilities
under the security program; and (4) provide for selecting, testing,
operating and maintaining security devices as prescribed in the
regulation. In addition, the FDIC requires the security officer to
report at least annually to the bank's board of directors on the
effectiveness of the security program.
There is no change in the method or substance of the collection.
The 48,683 increase in burden hours is the result of the agency re-
evaluating the time it takes for recordkeeping and reporting associated
with the rule, and including new implementation burdens for new
entities and entities reviewing their policies in light of mergers and
other organizational changes.
2. Title: Mutual-to-Stock Conversion of State Savings Banks.
OMB Number: 3064-0117.
Form Numbers: None.
Affected Public: Insured state savings associations.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0117)
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Type of burden (obligation to Number of Hours per Annual burden
Information collection description respond) Frequency of response respondents response (hours)
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Application or Notice to engage in Reporting..................... On occasion................... 5 250 1,250
certain activities.
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Total Annual Burden (Hours)......... .............................. .............................. .............. .............. 1,250
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Source: FDIC.
General Description of Collection: State savings associations must
file a notice of intent to convert to stock form, and provide the FDIC
with copies of documents filed with state and federal banking and/or
securities regulators in connection with any proposed mutual-to-stock
conversion. There is no change in the method or substance of the
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,
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.
Dated at Washington, DC, on January 19, 2022.
Federal Deposit Insurance Corporation.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-01313 Filed 1-24-22; 8:45 am]
BILLING CODE 6714-01-P
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