Notice2024-05166
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request; OMB No. 3064-0015
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
March 12, 2024
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. 3064-0015). The notice of the proposed renewal for this information collection was previously published in the Federal Register on November 2, 2023, allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 89 Issue 49 (Tuesday, March 12, 2024)</title>
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[Federal Register Volume 89, Number 49 (Tuesday, March 12, 2024)]
[Notices]
[Pages 17847-17848]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-05166]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request; OMB No. 3064-0015
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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[[Page 17848]]
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.
3064-0015). The notice of the proposed renewal for this information
collection was previously published in the Federal Register on November
2, 2023, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before April 11, 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#3d5e5250505853494e7d5b59545e135a524b"><span class="__cf_email__" data-cfemail="54373b3939313a20271432303d377a333b22">[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: Jennifer Jones, Regulatory Counsel,
202-898-6768, <a href="/cdn-cgi/l/email-protection#cca6a9a2a2a6a3a2a9bf8caaa8a5afe2aba3ba"><span class="__cf_email__" data-cfemail="5b313e35353134353e281b3d3f3238753c342d">[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: Interagency Bank Merger Application.
OMB Number: 3064-0015.
Form Number: 6220/01.
Affected Public: FDIC-insured depository institutions.
Burden Estimate:
Summary of Annual Burden
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Estimated
Information collection Type of burden Obligation to respond number of Estimated frequency of Estimated time Estimated
description respondents responses per response annual burden
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Interagency Bank Merger Act Reporting............. Mandatory............. 103 On Occasion........... 19 1,957
Application--Affiliated
Transactions.
Interagency Bank Merger Act Reporting............. Mandatory............. 117 On Occasion........... 31 3,627
Application--Nonaffiliated
Transactions.
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Total Estimated Annual Burden: 5,584 hours.
General Description of Collection: Section 18(c) of the Federal
Deposit Insurance Act (FDI Act) requires an insured depository
institution (IDI) that wishes to merge or consolidate with any other
IDI or, either directly or indirectly, acquire the assets of, or assume
liability to pay any deposits made in, any other IDI, to apply for the
prior written approval of the responsible agency (the FDIC; the Board
of Governors of the Federal Reserve (FRB); or the Office of the
Comptroller of the Currency (OCC)).\1\ Section 18(c) further requires
FDIC approval in connection with any merger transaction involving an
IDI and a non-insured entity.
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\1\ 12 U.S.C. 1828(c). The FDIC is the responsible agency if the
acquiring, assuming, or resulting bank is to be a State nonmember
insured bank or a State savings association.
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The Interagency Bank Merger Act Application Form (Application Form)
is used by the FDIC, the FRB, and the OCC for applications under
Section 18(c) of the FDI Act. The Application Form may be used for any
merger transaction subject to Section 18(c). There is a different level
of burden for each of the two types of merger transactions,
nonaffiliated and affiliated. An affiliate transaction refers to a
merger, consolidation, other combination, or transfer of any deposit
liabilities, between an IDI and another entity controlled by the same
parent company, regardless of whether the other entity is FDIC-insured.
It includes a business combination between an IDI and an affiliated
interim institution. Applicants proposing affiliate transactions are
not required to complete questions 12 through 14 of the Application
Form. If the merging entities are not controlled by the same parent
company, the merger transaction is considered nonaffiliated, and the
applicant must complete the entire application form.
The FDIC Supplement to the Interagency Bank Merger Act Application
Form (Supplement) requires each applicant to provide information that
delineates the relevant geographic market(s) and describes the
competition in the relevant geographic market(s). The information
collected focuses on the relevant geographic market(s) where the
applicant and the entity to be acquired provide banking products or
services. The Supplement includes specific instructions to facilitate a
comprehensive competitive analysis relative to transactions between
nonaffiliated entities.
There is no change in the method or substance of the collection.
The 62-hour decrease in burden hours is the result of updated data
available.
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 March 6, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-05166 Filed 3-11-24; 8:45 am]
BILLING CODE 6714-01-P
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