Notice2022-13156
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 21, 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. 3064-0092; -0113 and -0174).
Full Text
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<title>Federal Register, Volume 87 Issue 118 (Tuesday, June 21, 2022)</title>
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[Federal Register Volume 87, Number 118 (Tuesday, June 21, 2022)]
[Notices]
[Pages 36855-36858]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-13156]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0092; -0113; -0174]
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.
3064-0092; -0113 and -0174).
DATES: Comments must be submitted on or before August 22, 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/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#ddbeb2b0b0b8b3a9ae9dbbb9b4bef3bab2ab"><span class="__cf_email__" data-cfemail="63000c0e0e060d17102305070a004d040c15">[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
NW), 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#224f4143404758436244464b410c454d54"><span class="__cf_email__" data-cfemail="d1bcb2b0b3b4abb091b7b5b8b2ffb6bea7">[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 collection of
information:
1. Title: Community Reinvestment Act.
OMB Number: 3064-0092.
Form Number: None.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
Summary of Annual Burden and Internal Cost
[OMB 3064-0092]
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Estimated Estimated
Information collection Type of burden Estimated number of average time Total
description (obligation to number of responses per per response estimated
respond) respondents respondent (hours) annual burden
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Request for designation as a Reporting 1 1 4 4
wholesale or limited purpose (Mandatory).
bank--Banks requesting this
designation shall file a
request in writing with the
FDIC at least 3 months prior
to the proposed effective date
of the designation.
Strategic plan--Applies to Reporting 11 1 400 4,400
banks electing to submit (Voluntary).
strategic plans to the FDIC
for approval.
Small business/small farm loan Reporting 274 1 8 2,192
data--Large banks shall and (Mandatory).
Small banks may report
annually in machine readable
form the aggregate number and
amount of certain loans.
Community development loan Reporting 274 1 13 3,562
data--Large banks shall and (Mandatory).
Small banks may report
annually, in machine readable
form, the aggregate number and
aggregate amount of community
development loans originated
or purchased.
Home mortgage loans--Large Reporting 350 1 253 88,550
banks, if subject to reporting (Mandatory).
under part 203 (Home Mortgage
Disclosure (HMDA)), shall, and
Small banks may report the
location of each home mortgage
loan application, origination,
or purchase outside the MSA in
which the bank has a home/
branch office.
[[Page 36856]]
Data on affiliate lending-- Reporting 307 1 38 11,666
Banks that elect to have the (Mandatory).
FDIC consider loans by an
affiliate, for purposes of the
lending or community
development test or an
approved strategic plan, shall
collect, maintain and report
the data that the bank would
have collected, maintained,
and reported pursuant to Sec.
345.42(a), (b), and (c) had
the loans been originated or
purchased by the bank. For
home mortgage loans, the bank
shall also be prepared to
identify the home mortgage
loans reported under HMDA.
Data on lending by a consortium Reporting 118 1 17 2,006
or a third party--Banks that (Mandatory).
elect to have the FDIC
consider community development
loans by a consortium or a
third party, for purposes of
the lending or community
development tests or an
approved strategic plan, shall
report for those loans the
data that the bank would have
reported under Sec.
345.42(b)(2) had the loans
been originated or purchased
by the bank.
Assessment area data -Large Reporting 372 1 2 744
banks shall and Small banks (Mandatory).
may collect and report to the
FDIC a list for each
assessment area showing the
geographies within the area.
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.............. .............. .............. 113,124
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Small business/small farm loan Recordkeeping 372 1 219 81,468
register--Large banks shall (Mandatory).
and Small banks may collect
and maintain certain data in
machine-readable form.
Optional consumer loan data-- Recordkeeping 10 1 326 3,260
All banks may collect and (Mandatory).
maintain in machine readable
form certain data for consumer
loans originated or purchased
by a bank for consideration
under the lending test.
Other loan data -All banks Recordkeeping 98 1 25 2,450
optionally may provide other (Voluntary).
information concerning their
lending performance, including
additional loan distribution
data.
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.............. .............. .............. 87,178
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Content and availability of Disclosure 3,128 1 10 31,280
public file--All banks shall (Mandatory).
maintain a public file that
contains certain required
information.
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.............. .............. .............. 31,280
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Total Estimated Annual ............... .............. .............. 231,582
Burden.
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General Description of Collection: The Community Reinvestment Act
regulation requires the FDIC to assess the record of banks and thrifts
in helping meet the credit needs of their entire communities, including
low- and moderate-income neighborhoods, consistent with safe and sound
operations; and to take this record into account in evaluating
applications for mergers, branches, and certain other corporate
activities. There is no change in the method or substance of the
collection. The overall decrease in burden hours is a result of
decreases in the estimated number of respondents. On June 3, 2022, the
Office of the Comptroller of the Currency, the Board of Governors of
the Federal Reserve System and the FDIC (the ``Agencies'') published a
proposal to amend the Agencies' Community Reinvestment Act
regulations.\1\ The agencies are expecting comments from the industry
and other concerned parties which will be considered and addressed when
a final rule is issued. The FDIC does not wish to discontinue this
information collection while the proposed revisions are considered and
a new rule is issued and is, therefore, extending its Community
Reinvestment Act information collection as-is, without revision, to
preserve its validity.
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\1\ 87 FR 33884, June 3, 2022
2. Title: External Audits.
OMB Number: 3064-0113.
Form Number: None.
Affected Public: All insured financial institutions with total
assets of $500 million or more and other insured financial institutions
with total assets of less than $500 million that voluntarily choose to
comply.
Burden Estimate:
Summary of Estimated Annual Burdens
[OMB No. 3064-0013]
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Number of
Information collection 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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FDIC-Supervised Institutions with $10 Billion or More in Consolidated Total Assets
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Annual Report (Recordkeeping)....... Recordkeeping Annually................. 59 1 150 8,850
(Mandatory).
Annual Report (Reporting)........... Reporting (Mandatory).. Annually................. 59 1 150 8,850
[[Page 36857]]
Audit Committee Composition Recordkeeping Annually................. 59 1 3 177
(Recordkeeping). (Mandatory).
Audit Committee Composition Reporting (Mandatory).. Annually................. 59 1 3 177
(Reporting).
Filing of Other Reports Recordkeeping Annually................. 59 1 0.13 7.38
(Recordkeeping). (Mandatory).
Filing of Other Reports (Reporting). Reporting (Mandatory).. Annually................. 59 1 0.13 7.38
Notice of Change in Accountants Recordkeeping Annually................. 15 1 0.25 3.75
(Recordkeeping). (Mandatory).
Notice of Change in Accountants Reporting (Mandatory).. Annually................. 15 1 0.25 3.75
(Reporting).
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FDIC-Supervised Institutions with $3 billion to less than $10 billion in Consolidated Total Assets
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Annual Report (Recordkeeping)....... Recordkeeping Annually................. 128 1 125 16,000
(Mandatory).
Annual Report (Reporting)........... Reporting (Mandatory).. Annually................. 128 1 125 16,000
Audit Committee Composition Recordkeeping Annually................. 128 1 3 384
(Recordkeeping). (Mandatory).
Audit Committee Composition Reporting (Mandatory).. Annually................. 128 1 3 384
(Reporting).
Filing of Other Reports Recordkeeping Annually................. 128 1 0.13 16
(Recordkeeping). (Mandatory).
Filing of Other Reports (Reporting). Reporting (Mandatory).. Annually................. 128 1 0.13 16
Notice of Change in Accountants Recordkeeping Annually................. 32 1 0.25 8
(Recordkeeping). (Mandatory).
Notice of Change in Accountants Reporting (Mandatory).. Annually................. 32 1 0.25 8
(Reporting).
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FDIC-Supervised Institutions with $1 billion to less than $3 billion in Consolidated Total Assets
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Annual Report (Recordkeeping)....... Recordkeeping Annually................. 342 1 100 34,200
(Mandatory).
Annual Report (Reporting)........... Reporting (Mandatory).. Annually................. 342 1 100 34,200
Audit Committee Composition Recordkeeping Annually................. 342 1 2 684
(Recordkeeping). (Mandatory).
Audit Committee Composition Reporting (Mandatory).. Annually................. 342 1 2 684
(Reporting).
Filing of Other Reports Recordkeeping Annually................. 342 1 0.13 42.75
(Recordkeeping). (Mandatory).
Filing of Other Reports (Reporting). Reporting (Mandatory).. Annually................. 342 1 0.13 42.75
Notice of Change in Accountants Recordkeeping Annually................. 86 1 0.25 21.5
(Recordkeeping). (Mandatory).
Notice of Change in Accountants Reporting (Mandatory).. Annually................. 86 1 0.25 21.5
(Reporting).
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FDIC-Supervised Institutions with $500 million to less than $1 billion in Consolidated Total Assets
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Annual Report (Recordkeeping)....... Recordkeeping Annually................. 483 1 12.5 6,037.5
(Mandatory).
Annual Report (Reporting)........... Reporting (Mandatory).. Annually................. 483 1 12.5 6,037.5
Audit Committee Composition Recordkeeping Annually................. 483 1 1 483
(Recordkeeping). (Mandatory).
Audit Committee Composition Reporting (Mandatory).. Annually................. 483 1 1 483
(Reporting).
Filing of Other Reports Recordkeeping Annually................. 483 1 0.13 60.38
(Recordkeeping). (Mandatory).
Filing of Other Reports (Reporting). Reporting (Mandatory).. Annually................. 483 1 0.13 60.38
Notice of Change in Accountants Recordkeeping Annually................. 121 1 0.25 30.25
(Recordkeeping). (Mandatory).
Notice of Change in Accountants Reporting (Mandatory).. Annually................. 121 1 0.25 30.25
(Reporting).
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FDIC-Supervised Institutions with less than $500 million in Consolidated Total Assets
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Filing of Other Reports Recordkeeping Annually................. 2,116 1 0.25 529
(Recordkeeping). (Voluntary).
Filing of Other Reports (Reporting). Reporting (Voluntary).. Annually................. 2,116 2 0.25 1,058
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Total Annual Burden Hours....... ....................... ......................... .............. .............. .............. 135,598
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Source: FDIC.
General Description of Collection: FDIC's regulations at 12 CFR
part 363 establish annual independent audit and reporting requirements
for financial institutions with total assets of $500 million or more.
The requirements include the submission of an annual report on their
financial statements, recordkeeping about management deliberations
regarding external auditing and reports about changes in auditors. The
information collected is used to facilitate early identification of
problems in financial management at financial institutions. There is no
change in the substance or methodology of this information collection.
The overall increase in burden hours is a result of the increase in the
estimated number of respondents with consolidated total assets greater
than $500 million.
3. Title: Funding and Liquidity Risk Management.
OMB Number: 3064-0174.
Form Number: None.
Affected Public: Businesses or other for-profits.
Burden Estimate:
[[Page 36858]]
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Estimated Estimated
Information collection Estimated number of time per Estimated
description Type of burden number of responses per response annual burden
respondents respondent (hours) (hours)
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Paragraph 14--Strategies, Recordkeeping 3,128 1 83.94 262,564
policies, procedures, and (Voluntary).
risk tolerances.
Paragraph 20--Liquidity risk Reporting 3,128 12 4 150,144
management measurement, (Voluntary).
monitoring, and reporting.
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Total Annual Burden....... ................ .............. .............. .............. 412,708
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General Description of Collection: The information collection
includes reporting and recordkeeping burdens related to sound risk
management principles applicable to insured depository institutions. To
enable an institution and its supervisor to evaluate the liquidity risk
exposure of an institution's individual business lines and for the
institution as a whole, the Interagency Policy Statement on Funding and
Liquidity Risk Management (Interagency Statement) summarizes principles
of sound liquidity risk management and advocates the establishment of
policies and procedures that consider liquidity costs, benefits, and
risks in strategic planning. In addition, the Interagency Statement
encourages the use of liquidity risk reports that provide detailed and
aggregate information on items such as cash flow gaps, cash flow
projections, assumptions used in cash flow projections, asset and
funding concentrations, funding availability, and early warning or risk
indicators. This is intended to enable management to assess an
institution's sensitivity to changes in market conditions, the
institution's financial performance, and other important risk factors.
There is no change in the method or substance of the collection. The
overall reduction in burden hours is the result of economic
fluctuation. In particular, the number of respondents.
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 14, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-13156 Filed 6-17-22; 8:45 am]
BILLING CODE 6714-01-P
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