Notice2022-19802
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
September 14, 2022
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. 3064-0092, -0113 and -0174). The notice of the proposed renewal for these information collections was previously published in the Federal Register on June 21, 2022, allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 87 Issue 177 (Wednesday, September 14, 2022)</title>
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[Federal Register Volume 87, Number 177 (Wednesday, September 14, 2022)]
[Notices]
[Pages 56413-56417]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-19802]
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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: 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.
3064-0092, -0113 and -0174). The notice of the proposed renewal for
these information collections was previously published in the Federal
Register on June 21, 2022, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before October 14, 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#65060a0808000b11162503010c064b020a13"><span class="__cf_email__" data-cfemail="f3909c9e9e969d8780b395979a90dd949c85">[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.
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#e38e808281869982a385878a80cd848c95"><span class="__cf_email__" data-cfemail="e8858b898a8d9289a88e8c818bc68f879e">[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:
[[Page 56414]]
Summary of Annual Burden and Internal Cost (OMB 3064-0092)
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Estimated Estimated
Estimated number of average time Total
Information collection description Type of burden (obligation to respond) number of responses per per response estimated
respondents respondent (hours) annual burden
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Request for designation as a wholesale Reporting (Mandatory).......................... 1 1 4 4
or limited purpose 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 banks Reporting (Voluntary).......................... 11 1 400 4,400
electing to submit strategic plans to
the FDIC for approval.
Small business/small farm loan data-- Reporting (Mandatory).......................... 274 1 8 2,192
Large banks shall and Small banks may
report annually in machine readable
form the aggregate number and amount
of certain loans.
Community development loan data--Large Reporting (Mandatory).......................... 274 1 13 3,562
banks shall and 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 banks, if Reporting (Mandatory).......................... 350 1 253 88,550
subject to reporting 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.
Data on affiliate lending--Banks that Reporting (Mandatory).......................... 307 1 38 11,666
elect to have the 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 or a Reporting (Mandatory).......................... 118 1 17 2,006
third party--Banks that 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 banks shall Reporting (Mandatory).......................... 372 1 2 744
and Small banks may collect and report
to the FDIC a list for each assessment
area showing the geographies within
the area.
113,124
Small business/small farm loan Recordkeeping (Mandatory)...................... 372 1 219 81,468
register--Large banks shall and Small
banks may collect and maintain certain
data in machine-readable form.
Optional consumer loan data--All banks Recordkeeping (Mandatory)...................... 10 1 326 3,260
may collect and maintain in machine
readable form certain data for
consumer loans originated or purchased
by a bank for consideration under the
lending test.
[[Page 56415]]
Other loan data--All banks optionally Recordkeeping (Voluntary)...................... 98 1 25 2,450
may provide other information
concerning their lending performance,
including additional loan distribution
data.
87,178
Content and availability of public Disclosure (Mandatory)......................... 3,128 1 10 31,280
file--All banks shall maintain a
public file that contains certain
required information.
31,280
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Total Estimated Annual Burden...... ............................................... .............. .............. .............. 231,582
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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.
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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 Type of burden (obligation to Frequency of Number of responses per Hours per Annual burden
description respond) response 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 (Mandatory)............ Annually........ 59 1 150 8,850
Annual Report (Reporting)...... Reporting (Mandatory)................ Annually........ 59 1 150 8,850
Audit Committee Composition Recordkeeping (Mandatory)............ Annually........ 59 1 3 177
(Recordkeeping).
Audit Committee Composition Reporting (Mandatory)................ Annually........ 59 1 3 177
(Reporting).
Filing of Other Reports Recordkeeping (Mandatory)............ Annually........ 59 1 0.13 7.38
(Recordkeeping).
Filing of Other Reports Reporting (Mandatory)................ Annually........ 59 1 0.13 7.38
(Reporting).
Notice of Change in Accountants Recordkeeping (Mandatory)............ Annually........ 15 1 0.25 3.75
(Recordkeeping).
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 (Mandatory)............ Annually........ 128 1 125 16,000
Annual Report (Reporting)...... Reporting (Mandatory)................ Annually........ 128 1 125 16,000
Audit Committee Composition Recordkeeping (Mandatory)............ Annually........ 128 1 3 384
(Recordkeeping).
Audit Committee Composition Reporting (Mandatory)................ Annually........ 128 1 3 384
(Reporting).
Filing of Other Reports Recordkeeping (Mandatory)............ Annually........ 128 1 0.13 16
(Recordkeeping).
[[Page 56416]]
Filing of Other Reports Reporting (Mandatory)................ Annually........ 128 1 0.13 16
(Reporting).
Notice of Change in Accountants Recordkeeping (Mandatory)............ Annually........ 32 1 0.25 8
(Recordkeeping).
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 (Mandatory)............ Annually........ 342 1 100 34,200
Annual Report (Reporting)...... Reporting (Mandatory)................ Annually........ 342 1 100 34,200
Audit Committee Composition Recordkeeping (Mandatory)............ Annually........ 342 1 2 684
(Recordkeeping).
Audit Committee Composition Reporting (Mandatory)................ Annually........ 342 1 2 684
(Reporting).
Filing of Other Reports Recordkeeping (Mandatory)............ Annually........ 342 1 0.13 42.75
(Recordkeeping).
Filing of Other Reports Reporting (Mandatory)................ Annually........ 342 1 0.13 42.75
(Reporting).
Notice of Change in Accountants Recordkeeping (Mandatory)............ Annually........ 86 1 0.25 21.5
(Recordkeeping).
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 (Mandatory)............ Annually........ 483 1 12.5 6,037.5
Annual Report (Reporting)...... Reporting (Mandatory)................ Annually........ 483 1 12.5 6,037.5
Audit Committee Composition Recordkeeping (Mandatory)............ Annually........ 483 1 1 483
(Recordkeeping).
Audit Committee Composition Reporting (Mandatory)................ Annually........ 483 1 1 483
(Reporting).
Filing of Other Reports Recordkeeping (Mandatory)............ Annually........ 483 1 0.13 60.38
(Recordkeeping).
Filing of Other Reports Reporting (Mandatory)................ Annually........ 483 1 0.13 60.38
(Reporting).
Notice of Change in Accountants Recordkeeping (Mandatory)............ Annually........ 121 1 0.25 30.25
(Recordkeeping).
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 (Voluntary)............ Annually........ 2,116 1 0.25 529
(Recordkeeping).
Filing of Other Reports Reporting (Voluntary)................ Annually........ 2,116 2 0.25 1,058
(Reporting).
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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 56417]]
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Estimated Estimated
Estimated number of time per Estimated
Information collection description Type of burden number of responses per response annual burden
respondents respondent (hours) (hours)
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Paragraph 14--Strategies, policies, Recordkeeping (Voluntary)..................... 3,128 1 83.94 262,564
procedures, and risk tolerances.
Paragraph 20--Liquidity risk management Reporting (Voluntary)......................... 3,128 12 4 150,144
measurement, 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 September 8, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-19802 Filed 9-13-22; 8:45 am]
BILLING CODE 6714-01-P
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</html>Indexed from Federal Register on September 14, 2022.
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