Notice2022-15663
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Primary source
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Published
July 22, 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. 3064-0046, -0118 and -0191).
Full Text
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<title>Federal Register, Volume 87 Issue 140 (Friday, July 22, 2022)</title>
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[Federal Register Volume 87, Number 140 (Friday, July 22, 2022)]
[Notices]
[Pages 43850-43852]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-15663]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0046; -0118; -00191]
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.
3064-0046, -0118 and -0191).
DATES: Comments must be submitted on or before September 20, 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>.
[[Page 43851]]
<bullet> Email: <a href="/cdn-cgi/l/email-protection#debdb1b3b3bbb0aaad9eb8bab7bdf0b9b1a8"><span class="__cf_email__" data-cfemail="30535f5d5d555e444370565459531e575f46">[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#600d030102051a0120060409034e070f16"><span class="__cf_email__" data-cfemail="076a646665627d664761636e6429606871">[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: Home Mortgage Disclosure (HMDA).
OMB Number: 3064-0046.
Form Number: None.
Affected Public: Insured state nonmember banks.
Burden Estimate:
Summary of Annual Burden and Internal Cost [OMB 3064-0046]
Burden Calculation [OMB No. 3064-0046]
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Estimated Estimated
Type of burden Estimated annual number time per Total annual
Item IC description (section) (frequency of Obligation to respond annual number of responses response estimated
response) of respondents per respondent (hours) burden hours
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1............ Full Data--HMDA (12 CFR Reporting (Annual)... Mandatory............ 350 2,434.66 0.583 496,792
Part 1003.4).
2............ Partial Data--HMDA (12 CFR Reporting (Annual)... Mandatory............ 760 330.1 0.333 83,542
Part 1003.4).
3............ Retain copy of LAR for at Recordkeeping Mandatory............ 1,110 1 0.5 555
least three years (12 CFR (Annual).
Part 1003.5(a)(1)(i)).
4............ Make the written notices Recordkeeping Mandatory............ 1,110 2 0.167 371
required under (Annual).
1003.5(2)(b) and
1003.5(c)(1) available for
five and three years,
respectively (12 CFR Part
1003.5(d)(1)).
5............ Record LAR data within 30 Recordkeeping (One Mandatory............ 15 1 12 180
days after the end of the time).
calendar quarter in which
final action is taken (New
reporters) (12 CFR Part
1003.4(f)).
6............ Record LAR data within 30 Recordkeeping Mandatory............ 1,110 4 1.5 6,660
days after the end of the (Quarterly).
calendar quarter in which
final action is taken
(Existing reporters) (12
CFR Part 1003.4(f)).
7............ Provide written notice upon Third-party Mandatory............ 1,110 1 0.5 555
request that the FFIEC Disclosure (Annual).
disclosure statement is
available on the CFPB's
website (12 CFR Part
1003.5(b)(2)).
8............ Provide written notice upon Third-party Mandatory............ 1,110 1 0.5 555
request that the Disclosure (On
institution's modified LAR Occasion).
is available on the CFPB's
website (12 CFR Part
1003.5(c)(1)).
9............ Make the FFIEC disclosure Third-party Optional............. 55 1 1 55
statement and/or modified Disclosure (On
LAR available to the Occasion).
public directly through
the institution (12 CFR
Part 1003.5(d)(2)).
10........... General notice of Third-party Mandatory............ 15 1 1 15
availability of HMDA data Disclosure (One
in lobby of home office time).
and each office located in
a MSA (12 CFR Part
1003.5(e)).
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Total Estimated Annual Burden Hours:................................................................................................ 589,280
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General Description of Collection: The Board of Governors of the
Federal Reserve System (the Board) promulgated Regulation C, 12 CFR
part 203, to implement the Home Mortgage Disclosure Act (HMDA), 12
U.S.C. 2801-2810. Regulation C requires depository institutions that
meet its asset-size threshold to maintain data about home loan
applications (the type of loan requested, the purpose of the loan,
whether the loan was approved, and the type of purchaser if the loan
was later sold), to update the information quarterly, and to report the
information annually. Pursuant to Regulation C, insured state-nonmember
banks supervised by the FDIC with assets over a certain dollar
threshold must collect, record, and report data about home loan
applications. The FDIC is revising this information collection to align
the burden estimates with the Board, the Office of the Comptroller of
the Currency and the Consumer Financial Protection Bureau. In doing so,
the FDIC has added eight line items to its information collection and
has revised the estimated time per response for certain items for
consistency across all agencies. This has resulted in an increase of
approximately 500,000 hours in the total estimated annual burden.
2. Title: Management Official Interlocks.
OMB Number: 3064-0118.
Form Number: None.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
[[Page 43852]]
Summary of Estimated Annual Burden
[OMB No. 3064-0118]
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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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Management Official Interlocks....... Reporting (Mandatory)... On Occasion............ 1 1 4 4
Management Official Interlocks....... Recordkeeping On Occasion............ 1 1 3 3
(Mandatory).
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Estimated Total Annual Burden.... ........................ ....................... .............. .............. .............. 7
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Source: FDIC.
General Description of Collection: The FDIC's Management Official
Interlocks regulation, 12 CFR 348, which implements the Depository
Institutions Management Interlocks Act (DIMIA), 12 U.S.C. 3201-3208,
generally prohibits bank management officials from serving
simultaneously with two unaffiliated depository institutions or their
holding companies but allows the FDIC to grant exemptions in
appropriate circumstances. Consistent with DIMIA, the FDIC's Management
Official Interlocks regulation has an application requirement requiring
information specified in the FDIC's procedural regulation. The rule
also contains a notification requirement. There is no change in the
method or substance of the collection. The overall reduction in burden
hours is a result of economic. In particular, the number of respondents
has decreased while the hours per response and occupational
distribution have remained the same.
3. Title: Interagency Guidance on Leveraged Lending
OMB Number: 3064-0191.
Form Number: None.
Affected Public: Insured state nonmember banks and savings
associations.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0191]
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Estimated Total
Information collection (IC) Type of burden Estimated Estimated time per estimated
description (obligation to respond) Frequency of response number of frequency of response annual burden
respondents responses (hours) (hours)
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Interagency Guidance on Leveraged Recordkeeping On Occasion............ 1 1 987 987
Lending--Implementation. (Voluntary).
Interagency Guidance on Leveraged Recordkeeping On Occasion............ 4 0.25 529 529
Lending--Ongoing. (Voluntary).
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Estimated Total Annual Burden.... ........................ ....................... .............. .............. .............. 1,516
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Source: FDIC.
General Description of Collection: The Interagency Guidance on
Leveraged Lending (Guidance) outlines for agency supervised
institutions high level principles related to safe-and sound leveraged
lending activities, including underwriting considerations, assessing
and documenting enterprise value, risk management expectations for
credits awaiting distribution, stress testing expectations, pipeline
portfolio management, and risk management expectations for exposures
held by the institution. 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 and
frequency of responses have decreased.
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 July 18, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-15663 Filed 7-21-22; 8:45 am]
BILLING CODE 6714-01-P
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