Notice2023-20680
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 25, 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. 3064-0143; -0204). The notices of the proposed renewal for these information collections were previously published in the Federal Register on July 24, 2023, allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 88 Issue 184 (Monday, September 25, 2023)</title>
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[Federal Register Volume 88, Number 184 (Monday, September 25, 2023)]
[Notices]
[Pages 65678-65681]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-20680]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0143; -0204]
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.
3064-0143; -0204). The notices of the proposed renewal for these
information
[[Page 65679]]
collections were previously published in the Federal Register on July
24, 2023, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before October 25, 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#e88b8785858d869c9ba88e8c818bc68f879e"><span class="__cf_email__" data-cfemail="b5d6dad8d8d0dbc1c6f5d3d1dcd69bd2dac3">[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 a.m. and 5 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#026f6163606778634264666b612c656d74"><span class="__cf_email__" data-cfemail="402d232122253a2100262429236e272f36">[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: Forms Relating to Processing Deposit Insurance Claims.
OMB Number: 3064-0143.
Affected Public: Private sector individuals and entities
maintaining deposits at insured depository institutions.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0143]
----------------------------------------------------------------------------------------------------------------
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)
----------------------------------------------------------------------------------------------------------------
1. 7200/04--Declaration for Reporting (On 1 1 00:30 1
Government Deposit (Required occasion).
to obtain benefit).
2. 7200/05--Declaration for Reporting (On 1 1 00:30 1
Revocable Living Trust occasion).
(Required to obtain benefit).
3. 7200/06--Declaration of Reporting (On 1 1 00:30 1
Independent Activity occasion).
(Required to obtain benefit).
4. 7200/07--Declaration of Reporting (On 1 1 00:30 1
Independent Activity for occasion).
Unincorporated Association
(Required to obtain benefit).
5. 7200/08--Declaration for Reporting (On 1 1 00:30 1
Joint Ownership Deposit occasion).
(Required to obtain benefit).
6. 7200/09--Declaration for Reporting (On 1 1 00:30 1
Testamentary Deposit occasion).
(Required to obtain benefit).
7. 7200/10--Declaration for Reporting (On 1 1 01:00 1
Defined Contribution Plan occasion).
(Required to obtain benefit).
8. 7200/11--Declaration for Reporting (On 1 1 00:30 1
IRA/KEOGH Deposit (Required occasion).
to obtain benefit).
9. 7200/12--Declaration for Reporting (On 1 1 01:00 1
Defined Benefit Plan occasion).
(Required to obtain benefit).
10. 7200/13--Declaration for Reporting (On 1 1 00:30 1
Custodian Deposit (Required occasion).
to obtain benefit).
11. 7200/14--Declaration for Reporting (On 1 1 01:00 1
Health and Welfare Plan occasion).
(Required to obtain benefit).
12. 7200/15--Declaration for Reporting (On 1 1 00:30 1
Plan and Trust (Required to occasion).
obtain benefit).
13. 7200/18--Declaration for Reporting (On 1 1 00:30 1
Irrevocable Trust (Required occasion).
to obtain benefit).
14. 7200/24--Claimant Reporting (On 1 1 00:30 1
Verification (Required to occasion).
obtain benefit).
15. 7200/26--Depositor Reporting (On 1 1 00:30 1
Interview (Required to obtain occasion).
benefit).
16. Deposit Broker Submission Reporting (On 1 1 00:05 0
Checklist (Required to obtain occasion).
benefit).
17. Electronic file on Reporting (On 1 1 00:45 1
customers, ``Broker Input occasion).
File Requirements'' (Required
to obtain benefit).
18. Exhibit A, Affidavit of Reporting (On 1 1 05:00 5
Agency Account form (Required occasion).
to obtain benefit).
19. Exhibit B, The standard Reporting (On 1 1 00:10 0
agency agreement, or the non- occasion).
standard agency agreement
(Required to obtain benefit).
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Total Annual Burden ................ .............. .............. .............. 21:00
(Hours).
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Source: FDIC.
[[Page 65680]]
Note: The annual burden estimate for a given collection is calculated in two steps. First, the total number of
annual responses is calculated as the whole number closest to the product of the annual number of respondents
and the annual number of responses per respondent. Then, the total number of annual responses is multiplied by
the time per response and rounded to the nearest hour to obtain the estimated annual burden for that
collection. This rounding ensures the annual burden hours in the table are consistent with the values recorded
in the OMB's regulatory tracking system.
This calculation method results in the rounding down to zero hours of very small values such as those shown in
ICs 16 and 19.
General Description of Collection: When an insured depository
institution (IDI) is closed by its primary regulatory authority, the
FDIC has the responsibility to pay the insured deposits pursuant to
Section 11(a) and (f) of the Federal Deposit Insurance Act (FDI Act),
12 U.S.C. 1821(a) and (f); and the FDIC's regulations, ``Deposit
Insurance Coverage,'' 12 CFR part 330, and ``Recordkeeping for Timely
Deposit Insurance Determination,'' 12 CFR part 370. In the event that
the requisite information is not available in a failed IDI's records,
the FDIC will utilize these forms, declarations and affidavits to
request the necessary information from a depositor. The forms are used
to facilitate the FDIC's deposit insurance determinations in the event
of the failure of an insured depository institution. It includes 19
information collection (IC) line items, including 15 that apply to both
depositors and their agents (e.g., deposit brokers) and four intended
for use by agents alone.
There is no change in the substance or methodology of this
information collection. The change in burden is due to the decline in
estimated burden hours from 590 to 21 hours. The decline in estimated
hours is driven by the decline in deposit insurance determinations and
associated valid form submissions in the 2018-2022 period.
2. Title: Margin and Capital Requirements for Swap Entities
[Interagency] IFR.
OMB Number: 3064-0204.
Forms: None.
Affected Public: Any FDIC-insured state-chartered bank that is not
a member of the Federal Reserve System or FDIC-insured state-chartered
savings association that is registered as a swap dealer, major swap
participant, security based swap dealer, or major security based swap
participant.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0204]
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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. Sec. 349.2 Definition of Recordkeeping 1 1 5:00 5
``Eligible Master Netting (Annual).
Agreement,'' paragraphs
(4)(i) and (ii) Sec.
349.8(g) Documentation Sec.
349.10 Documentation of
Margin Matters (Mandatory).
2. Sec. 349.7(c) Custody Recordkeeping 1 1 100:00 100
Agreement (Mandatory). (Annual).
3. Sec. 349.8(c) and (d) Reporting (On 1 1 240:00 240
Initial Margin Model occasion).
(Mandatory).
4. Sec. 349.8(f)(3) Initial Reporting (On 1 1 50:00 50
Margin Modeling Report occasion).
(Mandatory).
5. Sec. 349.8(h) Escalation Recordkeeping 1 1 20:00 20
Procedures (Mandatory). (Annual).
6. Sec. 349.9(e) Requests Reporting (On 1 1 10:00 10
for Determinations (Required Occasion).
to Obtain Benefits).
7. Documentation, 12 CFR Recordkeeping 1 1 80:00 80
349.8(g) (Mandatory). (Annual).
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Total Annual Burden ................ .............. .............. .............. 505
(Hours).
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Source: FDIC.
Note: The annual burden estimate for a given collection is calculated in two steps. First, the total number of
annual responses is calculated as the whole number closest to the product of the annual number of respondents
and the annual number of responses per respondent. Then, the total number of annual responses is multiplied by
the time per response and rounded to the nearest hour to obtain the estimated annual burden for that
collection. This rounding ensures the annual burden hours in the table are consistent with the values recorded
in the OMB's regulatory tracking system.
General Description of Collection: The regulations at part 349
subpart A impose reporting and recordkeeping requirements, as defined
by the PRA, on any FDIC-insured state-chartered bank that is not a
member of the Federal Reserve System or FDIC-insured state-chartered
savings association that is registered as a swap entity (covered swap
entity). As such, the FDIC must periodically obtain approval from the
Office of Management and Budget (OMB) for these collections of
information (ICs) with respect to covered swap entities. The OMB
approves these ICs through OMB No. 3064-0204, and last approved the ICR
on September 8, 2020 (2020 ICR). OMB No. 3064-0204 is set to expire on
September 30, 2023. The 2020 ICR contained eleven ICs comprising 1,261
estimated annual responses for an estimated annual burden of 1,740
hours.
There is no change in the substance or methodology of this
information collection. The change in burden is due to the decline in
estimated burden hours from 1.760 to 505 hours. The decline in
estimated hours is driven primarily from a reduction in the number of
ICs relative to the 2020 ICR. The ICs from the 2020 ICR that were not
included in this renewal had an estimated 1,253 annual responses and an
estimated 1,295 annual burden hours.
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
[[Page 65681]]
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 20, 2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023-20680 Filed 9-22-23; 8:45 am]
BILLING CODE 6714-01-P
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