Notice2023-15142
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 18, 2023
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 collection described below (OMB Control No. 3064-0210).
Full Text
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<title>Federal Register, Volume 88 Issue 136 (Tuesday, July 18, 2023)</title>
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[Federal Register Volume 88, Number 136 (Tuesday, July 18, 2023)]
[Notices]
[Pages 45902-45903]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-15142]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0210]
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 collection described below (OMB Control No.
3064-0210).
DATES: Comments must be submitted on or before September 18, 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#21424e4c4c444f555261474548420f464e57"><span class="__cf_email__" data-cfemail="fc9f9391919992888fbc9a98959fd29b938a">[email protected]</span></a>. Include the name and number of
the collection in the subject line of the message.
<bullet> Mail: Jennifer Jones (202-898-6768), Regulatory Counsel,
MB-3078, 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
[[Page 45903]]
(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: Jennifer Jones, Regulatory Counsel,
202-898-6768, <a href="/cdn-cgi/l/email-protection#f19b949f9f9b9e9f9482b197959892df969e87"><span class="__cf_email__" data-cfemail="b5dfd0dbdbdfdadbd0c6f5d3d1dcd69bd2dac3">[email protected]</span></a>, MB-3078, 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: Reporting Requirements Associated with Resolution
Planning.
OMB Number: 3064-0210.
Forms: None.
Affected Public: Covered Companies as defined in 12 CFR part 381.
Burden Estimate:
Table 1--Summary of Estimated Annual Burden
[(OMB No. 3064-0210]
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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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12 CFR 381.4(a)--Biennial Reporting....... 4 1 40,115:00 160,460
Filers--Domestic. (Biennial)......
12 CFR 381.4(b)--Triennial Reporting....... 1 1 9,916:00 9,916
Full--Complex Foreign. (Triennial).....
12 CFR 381.4(b)--Triennial Reporting....... 7 1 5,667:00 39,669
Full--Foreign and Domestic. (Triennial).....
12 CFR 381.4(c)--Triennial Reporting....... 27 1 20:00 540
Reduced. (Triennial).....
12 CFR 381.4(d)(6)(ii)-- Reporting....... 1 1 1:00 1
Waivers by Covered Companies. (On occasion)...
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Total Annual Burden ................ .............. .............. .............. 210,586
(Hours):.
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General Description of Collection: This collection comprises the
reporting requirements associated with 12 CFR part 381.\1\ Section 381
implements the resolution planning requirements of section 165(d) of
the Dodd-Frank Wall Street Reform and Consumer Protection Act (the
Dodd-Frank Act),\2\ which require certain financial companies (covered
companies) to report periodically to the FDIC and the Board of
Governors of the Federal Reserve System (Board) (together, the
agencies) their plans for rapid and orderly resolution under the U.S.
Bankruptcy Code \3\ in the event of material financial distress or
failure. The goal of the Dodd-Frank Act resolution planning process is
to help ensure that a covered company's failure would not have serious
adverse effects on financial stability in the United States. The
resolution planning process requires covered companies to demonstrate
that they have adequately assessed the challenges that their structures
and business activities pose to a rapid and orderly resolution in the
event of material financial distress or failure and that they have
taken action to address those challenges, including through the
development of capabilities appropriate to the covered company's size
and complexity.
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\1\ 12 CFR part 381.
\2\ 12 U.S.C. 5365(d).
\3\ 11 U.S.C. 101-1532.
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There is no change in the method or substance of the collection.
The 7,254-hour increase in burden hours is a result of an increase in
the number of entities subject to the information collection.
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 12, 2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023-15142 Filed 7-17-23; 8:45 am]
BILLING CODE 6714-01-P
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