Notice2024-05898
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
March 20, 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 collection described below (OMB Control No. 3064-0099). A notice of the proposed renewal for this information collection was published in the Federal Register allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 89 Issue 55 (Wednesday, March 20, 2024)</title>
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[Federal Register Volume 89, Number 55 (Wednesday, March 20, 2024)]
[Notices]
[Pages 19829-19831]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-05898]
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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, invites the
[[Page 19830]]
general public and other Federal agencies to take this opportunity to
comment on the request to renew the existing information collection
described below (OMB Control No. 3064-0099). A notice of the proposed
renewal for this information collection was published in the Federal
Register allowing for a 60-day comment period.
DATES: Comments must be submitted on or before April 19, 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#93f0fcfefef6fde7e0d3f5f7faf0bdf4fce5"><span class="__cf_email__" data-cfemail="d4b7bbb9b9b1baa0a794b2b0bdb7fab3bba2">[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#670a040605021d062701030e0449000811"><span class="__cf_email__" data-cfemail="a0cdc3c1c2c5dac1e0c6c4c9c38ec7cfd6">[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.
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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Number of Time per Annual
Information collection (obligation to Type of burden (frequency of response) Number of responses per response burden
respond) respondents respondent (HH:MM) (hours)
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1. Application for Waiver of Prohibition on Reporting (On Occasion)............................ 3 2 06:00 36
Acceptance of Brokered Deposits, 12 CFR
337.6(c) (Required to Obtain or Retain a
Benefit).
2. Notice Submission for Primary Purpose Reporting (On Occasion)............................ 23 1 03:00 69
Exception Based on 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 Purpose Reporting (On Occasion)............................ 30 1 05:00 150
Exception Based on Enabling Transactions--
Initial submission, 12 CFR
303.243(b)(3)(i)(B) (Required to Obtain or
Retain a Benefit).
4. Application for Primary Purpose Exception Reporting (On Occasion)............................ 5 1 10:00 50
Not Based on Business Arrangements that Meets
a Designated Exception, 12 CFR 303.243(b)(4)
(Required to Obtain or Retain a Benefit).
5. Notice Submission for Primary Purpose Reporting (Quarterly).............................. 23 4 00:30 46
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 Purpose Reporting (Annual)................................. 23 1 00:30 12
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 Exception Not Reporting (Quarterly).............................. 2 4 00:15 2
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
[[Page 19831]]
implementation burden and face primarily burden related to their
ongoing operations.
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 15, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-05898 Filed 3-19-24; 8:45 am]
BILLING CODE P
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