Notice2022-21243
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 30, 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. 3064-0046, -0118 and -0191). The notice of the proposed renewal for these information collections was previously published in the Federal Register on July 22, 2022, allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 87 Issue 189 (Friday, September 30, 2022)</title>
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[Federal Register Volume 87, Number 189 (Friday, September 30, 2022)]
[Notices]
[Pages 59417-59419]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-21243]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0046; -0118; -0191]
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.
3064-0046, -0118 and -0191). The notice of the proposed renewal for
these information collections was previously published in the Federal
Register on July 22, 2022, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before October 31, 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#5e3d3133333b302a2d1e383a373d70393128"><span class="__cf_email__" data-cfemail="6b080406060e051f182b0d0f0208450c041d">[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#a2cfc1c3c0c7d8c3e2c4c6cbc18cc5cdd4"><span class="__cf_email__" data-cfemail="a7cac4c6c5c2ddc6e7c1c3cec489c0c8d1">[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
[OMB 3064-0046]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated
Type of burden Estimated annual number Estimated time Total annual
Item IC description (frequency of Obligation to annual number of responses per response estimated
(section) response) respond of per (hours) burden hours
respondents respondent
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Burden Calculation (OMB No. 3064-0046)
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1.............................. Full Data--HMDA Reporting Mandatory........ 350 2,434.66 0.583 496,792
(12 CFR Part (Annual).
1003.4).
2.............................. Partial Data-- Reporting Mandatory........ 760 330.1 0.333 83,542
HMDA (12 CFR (Annual).
Part 1003.4).
3.............................. Retain copy of Recordkeeping Mandatory........ 1,110 1 0.5 555
LAR for at least (Annual).
three years (12
CFR Part
1003.5(a)(1)(i)).
4.............................. Make the written Recordkeeping Mandatory........ 1,110 2 0.167 371
notices required (Annual).
under
1003.5(2)(b) and
1003.5(c)(1)
available for
five and three
years,
respectively (12
CFR Part
1003.5(d)(1)).
[[Page 59418]]
5.............................. Record LAR data Recordkeeping Mandatory........ 15 1 12 180
within 30 days (One time).
after the end of
the calendar
quarter in which
final action is
taken (New
reporters) (12
CFR Part
1003.4(f)).
6.............................. Record LAR data Recordkeeping Mandatory........ 1,110 4 1.5 6,660
within 30 days (Quarterly).
after the end of
the calendar
quarter in which
final action is
taken (Existing
reporters) (12
CFR Part
1003.4(f)).
7.............................. Provide written Third-party Mandatory........ 1,110 1 0.5 555
notice upon Disclosure
request that the (Annual).
FFIEC disclosure
statement is
available on the
CFPB's website
(12 CFR Part
1003.5(b)(2)).
8.............................. Provide written Third-party Mandatory........ 1,110 1 0.5 555
notice upon Disclosure (On
request that the Occasion).
institution's
modified LAR is
available on the
CFPB's website
(12 CFR Part
1003.5(c)(1)).
9.............................. Make the FFIEC Third-party Optional......... 55 1 1 55
disclosure Disclosure (On
statement and/or Occasion).
modified LAR
available to the
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 Disclosure (One
HMDA data in time).
lobby of home
office and each
office located
in a MSA (12 CFR
Part 1003.5(e)).
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Total Estimated Annual Burden ................. ................. ................. .............. .............. .............. 589,280
Hours:.
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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.
[[Page 59419]]
2. Title: Management Official Interlocks.
OMB Number: 3064-0118.
Form Number: None.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
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 fluctuations. 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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Total
Information collection (ic) Type of burden Estimated Estimated Estimated time estimated
description (obligation to respond) Frequency of response number of frequency of per 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 September 27, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-21243 Filed 9-29-22; 8:45 am]
BILLING CODE 6714-01-P
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