Notice2024-06881
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
April 2, 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. 3064-0006; -0114 and -0197).
Full Text
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<title>Federal Register, Volume 89 Issue 64 (Tuesday, April 2, 2024)</title>
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[Federal Register Volume 89, Number 64 (Tuesday, April 2, 2024)]
[Notices]
[Pages 22724-22726]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-06881]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0006; -0114; -0197]
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.
3064-0006; -0114 and -0197).
DATES: Comments must be submitted on or before June 3, 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#a9cac6c4c4ccc7dddae9cfcdc0ca87cec6df"><span class="__cf_email__" data-cfemail="5f3c3032323a312b2c1f393b363c71383029">[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.
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#dfb2bcbebdbaa5be9fb9bbb6bcf1b8b0a9"><span class="__cf_email__" data-cfemail="bad7d9dbd8dfc0dbfadcded3d994ddd5cc">[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: Interagency Biographical and Financial Report.
OMB Number: 3064-0006.
Forms: 6200/06.
Affected Public: Individuals or households; business or other for
profit; Insured state nonmember banks and state savings associations.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0006]
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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. Form 6200/06--Interagency Reporting (On 136 2.86 04:30 1,751
Biographical and Financial Occasion).
Report, 12 U.S.C. 1815(a),
1817(j), and 1831i
(Mandatory).
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Total Annual Burden ................ .............. .............. .............. 1,751
(Hours):.
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Source: FDIC.
General Description of Collection: The Interagency Bank Merger Act
Application form is used by the FDIC, the Board of Governors of the
Federal Reserve System, and the Office of the Comptroller of the
Currency for applications under section 18(c) of the Federal Deposit
Insurance Act (FDIA), as amended (12 U.S.C. 1828(c)). The application
is used for a merger, consolidation, or other combining transaction
between nonaffiliated parties as well as to effect a corporate
reorganization between affiliated parties (affiliate transaction). An
affiliate transaction refers to a merger transaction or other business
combination (including a purchase and assumption) between institutions
that are commonly controlled (for example, between a depository
institution and an affiliated interim institution). There are different
levels of burden for nonaffiliate and affiliate transactions.
Applicants proposing affiliate transactions are required to provide
less information than applicants involved in the merger of two
unaffiliated entities. If depository institutions are not controlled by
the same holding company, the merger transaction is considered a non-
affiliate transaction. There is no change in the methodology or
substance of this information collection. The reduction in estimated
annual burden (from 2,313 hours in 2021 to 1,751 hours currently) is
due to the decline in the historical number of Reports received by the
FDIC, which is the basis for the estimated number of annual responses.
2. Title: Foreign Banks.
OMB Number: 3064-0114.
Affected Public: Insured branches of foreign banks.
Burden Estimate:
[[Page 22725]]
Summary of Estimated Annual Burden
[OMB No. 3064-1114]
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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. Approval to Conduct Reporting 1 1 08:00 8
Activities, 12 CFR 303.187 (Annual).
(Mandatory).
2. Consent to Operate, 12 CFR Reporting 1 1 08:00 8
303.186 (Mandatory). (Annual).
3. Moving a Branch, 12 CFR Reporting 1 1 08:00 8
303.184 (Mandatory). (Annual).
4. Pledge of Assets Documents, Disclosure 10 4 00:15 10
12 CFR 347.209(e)(4) (Quarterly).
(Mandatory).
5. Pledge of Assets Reports, Reporting 10 4 2:00 80
12 CFR 347.209(e)(6) (Quarterly).
(Mandatory).
6. Recordkeeping, 12 CFR Recordkeeping 10 1 120:00 1,200
347.205 (Mandatory). (Annual).
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Total Annual Burden ................ .............. .............. .............. 1,314
(Hours).
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Source: FDIC.
General Description of Collection: Applications to move an insured
state licensed branch of a foreign bank; applications to operate as
such noninsured state-licensed branch of a foreign bank; applications
from an insured state-licensed branch of a foreign bank to conduct
activities that are not permissible for a federally licensed branch;
internal recordkeeping by such branches; and reporting and
recordkeeping requirements relating to such a branch's pledge of assets
to the FDIC. There is no change in the methodology or substance of this
information collection. The estimated burden remains unchanged from
2021.
3. Title: Liquidity Coverage Ratio: Liquidity Risk Measurement,
Standards, and Monitoring (LCR).
OMB Number: 3064-0197.
Affected Public: State savings associations and State nonmember
banks.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0197]
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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. 329.40(a) Notification that Reporting (On 1 1 00:30 1
liquidity coverage ratio is Occasion).
less than minimum in 329.10;
329.110(a) NSFR shortfall
notification. (Mandatory).
2. 329.40(b) and 329.110(b). Reporting (On 1 1 44:30 45
LCR and NSFR Shortfall Occasion).
Reporting Requirements.
(Mandatory).
3.329.40(b)(3)(iv) and Reporting (On 1 1 00:30 1
329.110(b)(3) Report of Occasion).
progress toward achieving
compliance. (Mandatory).
4. 329.22(a) and 329.109(b) Recordkeeping 3 1 25:00 75
Policies and Procedures. (Annual).
(Mandatory).
5. 329.4(a) Qualified Master Recordkeeping 3 1 00:30 2
Netting Agreements. (Annual).
(Mandatory).
Total Annual Burden ................ .............. .............. .............. 124
(Hours).
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Source: FDIC.
General Description of Collection: The LCR rule implements a
quantitative liquidity requirement and contains requirements subject to
the PRA. The requirement is designed to promote the short-term
resilience of the liquidity risk profile of large and internationally
active banking organizations, thereby improving the banking sector's
ability to absorb shocks arising from financial and economic stress,
and to further improve the measurement and management of liquidity
risk. The LCR rule establishes a quantitative minimum liquidity
coverage ratio that requires a company subject to the rule to maintain
an amount of high-quality liquid assets (the numerator of the ratio)
that is no less than 100 percent of its total net cash outflows over a
prospective 30 calendar day period (the denominator of the ratio).
There is no change in the methodology or substance of this information
collection. This reduction in estimated annual burden (from 994 hours
in 2021 to 124 hours currently) is due the reduction in both the
estimated number of annual respondents and the estimated time per
response.
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
[[Page 22726]]
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, March 27, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-06881 Filed 4-1-24; 8:45 am]
BILLING CODE 6714-01-P
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