Notice2024-09374
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
May 1, 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. 3064-0019).
Full Text
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<title>Federal Register, Volume 89 Issue 85 (Wednesday, May 1, 2024)</title>
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[Federal Register Volume 89, Number 85 (Wednesday, May 1, 2024)]
[Notices]
[Page 35095]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-09374]
[[Page 35095]]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0019]
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.
3064-0019).
DATES: Comments must be submitted on or before July 1, 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#096a6664646c677d7a496f6d606a276e667f"><span class="__cf_email__" data-cfemail="30535f5d5d555e444370565459531e575f46">[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#fd909e9c9f98879cbd9b99949ed39a928b"><span class="__cf_email__" data-cfemail="88e5ebe9eaedf2e9c8eeece1eba6efe7fe">[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 Notice of Change in Control.
OMB Number: 3064-0019.
Form Number: 6822/01.
Affected Public: Individuals, insured state nonmember banks, and
insured state savings associations.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0019)
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Number of Time per Annual
Information collection (IC) (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. Form 6822/01--Interagency Notice of Change Reporting (On Occasion)........................... 34 0.82 29:30 826
in Control, 12 CFR 303.85 (Mandatory).
2. Interagency Notice of Change in Control Disclosure (On Occasion).......................... 34 0.82 01:00 28
Public Notice Requirement, 12 CFR 303.87
(Mandatory).
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Total Annual Burden (Hours)............... .................................................. ............ .............. .......... 854
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Source: FDIC.
General Description of Collection: Section 7(j) of the FDIA (12
U.S.C. 1817(j)) and sections 303.80-88 of the FDIC Rules and
Regulations (12 CFR 303.80 et seq.) require that any person proposing
to acquire control of an insured depository institution and certain
parent companies thereof provide 60 days prior written notice of the
proposed acquisition to the appropriate federal banking agency. Such
written notice which pertains to the acquisition of control of an FDIC
supervised institution and certain parent companies thereof is filed
with the regional director of the FDIC region in which the bank is
located. The FDIC reviews the information reported in the Notice to
assess, in part, any anticompetitive and monopolistic effects of the
proposed acquisition, to determine if the financial condition of any
acquiring person or the future prospects of the institution might
jeopardize the financial stability of the institution or prejudice the
interests of the depositors of the institution, and to determine
whether the competence, experience, or integrity of any acquiring
person, or of any of the proposed management personnel, indicates that
it would not be in the interest of the depositors of the institution,
or in the interest of the public, to permit such persons to control the
bank. The FDIC must also make an independent determination of the
accuracy and completeness of all of the information required to be
filed in conjunction with a Notice.
The FDIC is increasing the total burden associated with this
collection from 549 hours to 854 hours. This information collection
contains a disclosure requirement, which was not recognized in the 2021
submission. The 305 increase in burden hours is due to the addition of
the disclosure requirement and the use of a more accurate methodology
to estimate the number of respondents and responses per respondent.
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.
By order of the Board of Directors.
Dated at Washington, DC, April 26, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-09374 Filed 4-30-24; 8:45 am]
BILLING CODE 6714-01-P
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