Notice2023-14823
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
July 13, 2023
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. 3064-0057; -0061; -0087). The notices of the proposed renewal for these information collections were previously published in the Federal Register on May 3, 2023, allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 88 Issue 133 (Thursday, July 13, 2023)</title>
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[Federal Register Volume 88, Number 133 (Thursday, July 13, 2023)]
[Notices]
[Pages 44803-44805]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-14823]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0057; -0061; -0087]
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, 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.
3064-0057; -0061; -0087). The notices of the proposed renewal for these
information collections were previously published in the Federal
Register on May 3, 2023, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before August 14, 2023.
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#c6a5a9ababa3a8b2b586a0a2afa5e8a1a9b0"><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#2449474546415e456442404d470a434b52"><span class="__cf_email__" data-cfemail="38555b595a5d4259785e5c515b165f574e">[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: Certified Statement for Semiannual Deposit Insurance
Assessment.
OMB Number: 3064-0057.
Forms: None.
Affected Public: FDIC-insured depository institutions.
Burden Estimate:
[[Page 44804]]
Summary of Estimated Annual Burden
[OMB No. 3064-0057]
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Type of burden Number of Time per
Information collection (frequency of Number of responses per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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1. Quarterly Certified Reporting 4,755 4 00:20 6,340
Statement Invoice for Deposit (Quarterly).
Insurance Assessment, 12 CFR
part 327 (Mandatory).
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Total Annual Burden ................ .............. .............. .............. 6,340
(Hours).
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Source: FDIC.
General Description of Collection: The FDIC collects deposit
insurance assessments on a quarterly basis. Each quarterly assessment
is based on an insured depository institution's quarterly report of
condition for the prior calendar quarter. The FDIC collects the
quarterly assessment payments by means of direct debits through the
Automated Clearing House network. The information collection consists
of the reporting requirement associated with certifying the review by
officials of the insured institutions to confirm that the assessment
data are accurate and, in cases of inaccuracy, submission of corrected
data. There is no change in the substance or methodology of this
information collection. The change in burden is due solely to the
decrease in the estimated number of respondents by 671 from the
estimated 7,011 annual respondents in the currently-approved
information collection to the current estimate of 6,340. The decrease
in estimated respondents is the result of the drop in the total number
of insured depository institutions.
2. Title: Summary of Deposits.
OMB Number: 3064-0061.
Forms: None.
Affected Public: FDIC-insured depository institutions.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0061]
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Type of burden Number of Time per
Information collection (frequency of Number of responses per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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1. Summary of Deposits Recordkeeping 3,870 1 3:00 11,610
(Mandatory). (Annual).
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Total Annual Burden ................ .............. .............. .............. 11,610
(Hours).
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General Description of Collection: The Summary of Deposits (SOD) is
the annual survey of branch office deposits as of June 30 for all FDIC-
insured institutions, including insured U.S. branches of foreign banks.
All FDIC-insured institutions that operate a main office and one or
more branch locations (including limited service drive-thru locations)
as of June 30 each year are required to file the SOD Survey. Insured
branches of foreign banks are also required to file. All data collected
on the SOD submission are available to the public. The survey data
provides a basis for measuring the competitive impact of bank mergers
and has additional use in research on banking. There is no change in
the substance or methodology of this information collection. The change
in burden is due solely to the decrease in the estimated number of
respondents by 429 from the estimated 4,299 annual respondents in the
currently-approved information collection to the current estimate of
3,870.
3. Title: Procedures for Monitoring Bank Secrecy Act Compliance.
OMB Number: 3064-0087.
Forms: None.
Affected Public: Insured State Nonmember Banks and Savings
Associations.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0087]
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Type of burden Number of Time per
Information collection (frequency of Number of responses per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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1. Procedures for monitoring Recordkeeping 2,013 1 35:00 70,455
BSA compliance, small (Annual).
institutions (<$500 million
in total assets), 12 CFR
326.8(b)(1) and (c)
(Mandatory).
2. Procedures for monitoring Recordkeeping 964 1 250:00 241,000
BSA compliance, medium (Annual).
institutions ($500 million to
$10 billion in total assets),
12 CFR 326.8(b)(1) and
(c)(Mandatory).
3. Procedures for monitoring Recordkeeping 61 1 450:00 27,450
BSA compliance, large (Annual).
institutions (>$10 billion in
total assets), 12 CFR
326.8(b)(1) and (c)
(Mandatory).
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[[Page 44805]]
Total Annual Burden ................ .............. .............. .............. 338,905
(Hours).
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Source: FDIC.
General Description of Collection: Respondents must establish and
maintain procedures designed to monitor and ensure their compliance
with the requirements of the Bank Secrecy Act and the implementing
regulations promulgated by the Department of Treasury at 31 CFR chapter
X. Respondents must also keep records evidencing that they have
provided training for appropriate personnel. There is no change in the
method or substance of the collection. The overall increase in burden
hours is a result of economic fluctuation. In particular, the total
number of respondents has increased while the hours per response remain
the same.
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 7, 2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023-14823 Filed 7-12-23; 8:45 am]
BILLING CODE 6714-01-P
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