Notice2024-02453
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
February 7, 2024
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 collections described below (OMB Control No. 3064-0099).
Full Text
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<title>Federal Register, Volume 89 Issue 26 (Wednesday, February 7, 2024)</title>
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[Federal Register Volume 89, Number 26 (Wednesday, February 7, 2024)]
[Notices]
[Pages 8428-8429]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-02453]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0099]
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 collections described below (OMB Control No.
3064-0099).
DATES: Comments must be submitted on or before April 8, 2024.
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#10737f7d7d757e646350767479733e777f66"><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.
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: Manny Cabeza, Regulatory Counsel,
202-898-3767, <a href="/cdn-cgi/l/email-protection#f499979596918e95b492909d97da939b82"><span class="__cf_email__" data-cfemail="375a545655524d567751535e5419505841">[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: Application for Waiver of Prohibition on Acceptance of
Brokered Deposits
OMB Number: 3064-0099.
Forms: None.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0099]
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Type of burden Number of Time per Annual
Information collection (obligation (frequency of Number of responses per response burden
to respond) response) respondents respondent (HH:MM) (hours)
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1. Application for Waiver of Reporting (On 3 2 06:00 36
Prohibition on Acceptance of Occasion).
Brokered Deposits, 12 CFR 337.6(c)
(Required to Obtain or Retain a
Benefit).
2. Notice Submission for Primary Reporting (On 23 1 03:00 69
Purpose Exception Based on Occasion).
Placement of Less Than 25 Percent
of Customer Assets Under
Administration--Initial submission
12 CFR 303.243(b)(3)(i)(A)
(Required to Obtain or Retain a
Benefit).
3. Notice Submission for Primary Reporting (on 30 1 05:00 150
Purpose Exception Based on Enabling occasion).
Transactions--Initial submission 12
CFR 303.243(b)(3)(i)(B) (Required
to Obtain or Retain a Benefit).
4. Application for Primary Purpose Reporting (On 5 1 10:00 50
Exception Not Based on Business Occasion).
Arrangements that Meets a
Designated Exception 12 CFR
303.243(b)(4) (Required to Obtain
or Retain a Benefit).
[[Page 8429]]
5. Notice Submission for Primary Reporting (Quarterly). 23 4 00:30 46
Purpose Exception Based on the
Placement of Less Than 25 Percent
of Customer Assets Under
Administration--Ongoing, 12 CFR
303.243(b)(3)(v) (Required to
Obtain or Retain a Benefit).
6. Notice Submission for Primary Reporting (Annual).... 23 1 00:30 12
Purpose Exception Based on Enabling
Transactions--Ongoing, 12 CFR
303.243(b)(3)(v) (Required to
Obtain or Retain a Benefit).
7. Reporting for Primary Purpose Reporting (Quarterly). 2 4 00:15 2
Exception Not Based on the Business
Arrangements that meets a
Designated Exception--Ongoing, 12
CFR 303.243(b)(4)(vi) (Required to
Obtain or Retain a Benefit).
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Total Annual Burden (Hours):.... ...................... .............. .............. ......... 365
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Source: FDIC.
General Description of Collection: Section 29 of the Federal
Deposit Insurance Act prohibits undercapitalized insured depository
institutions from accepting, renewing, or rolling over any brokered
deposits. Adequately capitalized institutions may do so with a waiver
from the FDIC, while well-capitalized institutions may accept, renew,
or roll over brokered deposits without restriction. This information
collection captures the burden associated with preparing and filing an
application for a waiver of the prohibition on the acceptance of
brokered deposits. There is no change in the methodology or substance
of this information collection. The reduction in burden is primarily
due to the fact that virtually all FDIC-supervised institutions have
gone through the implementation burden and face primarily burden
related to their ongoing operations.
Request for Comment
Comments are invited on: (a) Whether the collections of information
are 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 collections,
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 collections 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, February 2, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-02453 Filed 2-6-24; 8:45 am]
BILLING CODE 6714-01-P
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