Notice2024-08255
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 18, 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. 3064-0213). The notice of the proposed renewal for this information collection was previously published in the Federal Register on March 5, 2023, allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 89 Issue 76 (Thursday, April 18, 2024)</title>
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[Federal Register Volume 89, Number 76 (Thursday, April 18, 2024)]
[Notices]
[Pages 27763-27764]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-08255]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0213]
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.
3064-0213). The notice of the proposed renewal for this information
collection was previously published in the Federal Register on March 5,
2023, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before May 20, 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#b5d6dad8d8d0dbc1c6f5d3d1dcd69bd2dac3"><span class="__cf_email__" data-cfemail="65060a0808000b11162503010c064b020a13">[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.
[[Page 27764]]
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#b8d5dbd9daddc2d9f8dedcd1db96dfd7ce"><span class="__cf_email__" data-cfemail="026f6163606778634264666b612c656d74">[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: Industrial Banks and Industrial Loan Companies.
OMB Number: 3064-0213.
Forms: None.
Affected Public: Prospective parent companies of industrial banks
and industrial loan companies.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0213)
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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. Initial Listing of Reporting (On 2 1 04:00 8
Subsidiaries, 12 CFR Occasion).
354.4(a)(1) (Mandatory).
2. Annual Update of Reporting 2 1 04:00 8
Subsidiaries List, 12 CFR (Annual).
354.4(a)(1) (Mandatory).
3. Annual Report of Covered Reporting 2 1 10:00 20
Company and Subsidiaries and (Annual).
Other Reports as the FDIC may
require, 12 CFR 354.4(a)(3)
(Mandatory).
4. Recordkeeping requirements Recordkeeping 2 1 10:00 20
in written agreement, 12 CFR (Annual).
354.4(a)(4) (Mandatory).
5. Contingency Plan, 12 CFR Reporting 1 1 345:00 345
354.4(b) (Mandatory). (Annual).
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Total Annual Burden ................ .............. .............. .............. 401
(Hours).
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General Description of Collection: Part 354 of the FDIC regulations
(part 354) establishes filing requirements for industrial banks or
industrial loan companies (ILCs) and companies that are not subject to
Federal consolidated supervision by the Federal Reserve Board but
control an industrial bank or an ILC (covered company). Specifically,
part 354 requires any covered company and industrial bank or ILC
subsidiary of a covered company to enter into one or more written
agreements with the FDIC. However, the requirements under part 354 do
not apply to any industrial bank subsidiaries of covered companies that
were subsidiaries of covered companies prior to the effective date of
part 354--April 1, 2021. The requirements under part 354 give rise to
this information collection.
The total estimated annual burden for this information collection
is 401 hours, which is a decrease of 56 hours from the 2021 information
collection submission (457 hours). This decrease is a result of a
reduction in the estimated annual number of respondents.
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 April 12, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-08255 Filed 4-17-24; 8:45 am]
BILLING CODE 6714-01-P
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