Notice2024-18711
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
August 21, 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. 3064-0028; -0109; -0124 and -0134).
Full Text
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<title>Federal Register, Volume 89 Issue 162 (Wednesday, August 21, 2024)</title>
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[Federal Register Volume 89, Number 162 (Wednesday, August 21, 2024)]
[Notices]
[Pages 67635-67637]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-18711]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0028; -0109; -0124; -0134]
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.
3064-0028; -0109; -0124 and -0134).
DATES: Comments must be submitted on or before October 21, 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#0c6f6361616962787f4c6a68656f226b637a"><span class="__cf_email__" data-cfemail="6a090507070f041e192a0c0e0309440d051c">[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#d0bdb3b1b2b5aab190b6b4b9b3feb7bfa6"><span class="__cf_email__" data-cfemail="29444a484b4c5348694f4d404a074e465f">[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: Recordkeeping and Confirmation Requirements for
Securities Transactions.
OMB Number: 3064-0028.
Form Number: None.
Affected Public: FDIC-Insured Institutions and Certain Employees of
the FDIC-Insured Institutions.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0028]
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Type of burden Number of Time per
Information collection (IC) (frequency of Number of responses per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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1. Maintain Securities Trading Recordkeeping 632 1 1:00 632
Policies and Procedures, 12 (On Occasion).
CFR 344.8 (Mandatory).
2. Officer/Employee Filing of Third Party 1,896 4 1:00 7,584
Reports of Personal Disclosure (On
Securities Trading, 12 CFR Occasion).
344.9 (Mandatory).
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Total Annual Burden ................ .............. .............. .............. 8,216
(Hours):.
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Source: FDIC.
General Description of Collection: The collection of information
requirements is contained in 12 CFR part 344. The purpose of the
regulation is to ensure that purchasers of securities in transactions
affected by insured state nonmember banks are provided with adequate
records concerning the transactions. The regulation is also designed to
ensure that insured State nonmember banks maintain adequate records and
controls with respect to the securities transactions they effect.
Finally, this regulation requires officers and employees of FDIC-
supervised institutions to report to the FDIC-supervised institution
certain personal securities trading activity. There is no change in the
methodology or substance of this information collection. The decrease
in total estimated annual burden from 8,583 hours in 2021 to 8,216
hours currently is due to a decrease in estimated number of
respondents.
2. Title: Notice of Branch Closure.
OMB Number: 3064-0109.
Form Number: None.
Affected Public: FDIC-insured depository institutions.
Burden Estimate:
[[Page 67636]]
Summary of Estimated Annual Burden
[OMB No. 3064-0109]
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Type of burden Number of Time per
Information collection (IC) (frequency of Number of responses per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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1. Notice of Branch Closure to Reporting (On 276 2.99 00:30 413
FDIC, 12 U.S.C. 1831r-(a) Occasion).
(Mandatory).
2. Notice of Branch Closure to Disclosure (On 276 2.99 1:30 1,238
Customers, 12 U.S.C. 1831r- Occasion).
(b) (Mandatory).
3. Adoption of Branch Closure Recordkeeping 18 1 08:00 144
Policy, 12 U.S.C. 1831r-1 (Annual).
(Mandatory).
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Total Annual Burden ................ .............. .............. .............. 1,795
(Hours):.
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Source: FDIC.
General Description of Collection: Section 42 of the Federal
Deposit Insurance Act mandates that an insured depository institution
closing a branch notify its primary federal regulator not later than 90
days prior to the closing. The statute also provides that a notice be
posted on the premises of the branch for the 30-day period immediately
prior to the closing and that the customers be notified in a mailing at
least 90 days prior to the closing. Each insured depository institution
that has one or more branches is required to adopt a written policy for
branch closings. There is no change in the methodology or substance of
this information collection. The increase in total estimated annual
burden from 1,738 hours in 2021 to 1,795 hours currently is due to an
increase in estimated number or respondents.
3. Title: Notice of Branch Closure.
OMB Number: 3064-0124.
Form Number: None.
Affected Public: Insured depository institutions.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0124]
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Type of burden Number of Time per
Information collection (IC) (frequency of Number of responses per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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Certification of Assumption of Reporting (On 162 1 1:00 162
Deposit Liabilities 12 CFR occasion).
307.2 (Mandatory).
Notice to Depositors 12 CFR Disclosure (On 12 1 2:00 24
307.3 (Mandatory). occasion).
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Total Annual Burden ................ .............. .............. .............. 186
(Hours):.
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Source: FDIC.
General Description of Collection: This information collection
consists of two parts: (1) a certification that insured depository
institutions provide the FDIC when all deposit liabilities from one
insured depository institution are assumed from another insured
depository institution, with the latter institution responsible for
providing the certification; and (2) a notification that an insured
depository institution provides to its depositors when it seeks to
voluntarily terminate its insured status. The certification is
necessary to implement the provisions of section 8(q) of the Federal
Deposit Insurance Act, 12 U.S.C. 1818(q), regarding termination of the
insured status of the transferring institution and termination of the
separate deposit insurance coverage provided on deposit accounts
assumed by the assuming institution. The depositor notification is
required by section 8(a)(6) of the Federal Deposit Insurance Act, 12
U.S.C. 1818(a)(6). This provision ensures that the institution's
depositors receive appropriate information regarding the institution's
intent to terminate its insured status and that, prior to the
termination of the institution's insured status, depositors receive
appropriate information concerning federal deposit insurance coverage
of their accounts once the institution's insured status is terminated.
There is no change in the methodology or substance of this information
collection. The decrease in total estimated annual burden from 256 in
2021 to 186 currently is due to a change in the estimated number or
respondents.
4. Title: Extension without change of a currently approved
collection.
OMB Number: 3064-0134.
Form Number: 6422/04; 6422/11; 6422/15.
Affected Public: Individuals, Households, Business or Financial
Institutions.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0134]
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Type of burden Number of Time per
Information collection (IC) (frequency of Number of responses per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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1. Customer Assistance Form Reporting (On 8,566 1 00:15 2,142
(6422/04) (Voluntary). Occasion).
2. Business Assistance Form Reporting (On 1,191 1 00:15 298
(6422/11) (Voluntary). Occasion).
3. FDIC Deposit Insurance Form Reporting (On 1,465 1 00:15 366
(6422/15) (Voluntary). Occasion).
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Total Annual Burden ................ .............. .............. .............. 2,806
(Hours):.
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Source: FDIC.
[[Page 67637]]
General Description of Collection: This collection facilitates the
collection of information from customers of financial institutions that
have inquiries or complaints about service. Customers or businesses may
document their complaints or inquiries to the FDIC using a letter or
optional forms (Form 6422/04; Form 6422/11; Form 6422/15). The forms
are used to facilitate online completion and submission of the
complaints or inquiries and to shorten FDIC response times by making it
easier to identify the nature of the complaint and to route the
customer or business inquiry to the appropriate FDIC contact. There is
no change in the methodology or substance of this information
collection. The increase in total estimated annual burden from 1,468 in
2021 to 2,806 currently is due to an increase in the estimated number
or respondents.
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.
Dated at Washington, DC, on August 15, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-18711 Filed 8-20-24; 8:45 am]
BILLING CODE 6714-01-P
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