Notice2024-20164
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
September 9, 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. 3064-0162; -0179; and -0195).
Full Text
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<title>Federal Register, Volume 89 Issue 174 (Monday, September 9, 2024)</title>
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[Federal Register Volume 89, Number 174 (Monday, September 9, 2024)]
[Notices]
[Pages 73090-73092]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-20164]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0162; -0179; -0195]
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.
3064-0162; -0179; and -0195).
DATES: Comments must be submitted on or before November 8, 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#cfaca0a2a2aaa1bbbc8fa9aba6ace1a8a0b9"><span class="__cf_email__" data-cfemail="05666a6868606b71764563616c662b626a73">[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#9af7f9fbf8ffe0fbdafcfef3f9b4fdf5ec"><span class="__cf_email__" data-cfemail="274a444645425d466741434e4409404851">[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: Large-Bank Deposit Insurance Programs.
OMB Number: 3064-0162.
Form Number: None.
Affected Public: Insured depository institutions having at least $2
billion in deposits and at least either: (a) 250,000 Deposit accounts;
or (b) $20 billion in total assets, regardless of the number of deposit
accounts (a ``covered institution'').
Burden Estimate:
[[Page 73091]]
Summary of Estimated Annual Burden
[OMB No. 3064-0162]
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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. Posting and removing Recordkeeping 8 1 150:00 1,200
provisional holds-- (One time).
Implementation--Sec.
360.9(c)(1) and (2)
(Mandatory).
2. Providing standard data Recordkeeping 8 1 110:00 880
format for deposit account (One time).
and customer information--
Implementation--Sec.
360.9(d)(1) (Mandatory).
3. Notification of identity of Reporting (One 8 1 8:00 64
person responsible for time).
producing standard data
downloads--Implementation--Se
c 360.9(c)(3) (Mandatory).
4. Provide deposit account and Reporting (On 8 1 40:00 320
customer information in Occasion).
required standard format--
Implementation--Sec.
360.9(d)(3) (Mandatory).
5. Request for exemption from Reporting (On 1 1 20:00 20
provisional hold Occasion).
requirements--Implementation-
-Sec. 360.9(c)(9)
(Voluntary).
6. Request for extension of Reporting (On 1 1 20:00 20
compliance deadline-- Occasion).
Implementation--Sec.
360.9(e)(7) (Voluntary).
7. Request for exemption-- Reporting (On 1 1 20:00 20
Implementation Sec. Occasion).
360.9(f) (Voluntary).
8. Notification of identity of Reporting 123 1 8:00 984
person responsible for (Annual).
producing standard data
downloads--Ongoing--Sec.
360.9(c)(3) (Mandatory).
9. Request for exemption from Reporting (On 1 1 20:00 20
provisional hold Occasion).
requirements--Ongoing--Sec.
360.9(c)(9) (Voluntary).
10. Request for exemption-- Reporting (On 1 1 20:00 20
Ongoing--Sec. 360.9(f) Occasion).
(Voluntary).
11. Test compliance with Sec. Reporting 30 1 80:00 2,400
360.9 (c) through (d) (Annual).
pursuant to Sec. 360.9(h)--
Ongoing--Sec. 360.9 (h)
(Mandatory).
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Total Annual Burden ................ .............. .............. .............. 5,948
(Hours):.
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Source: FDIC.
General Description of Collection: Upon the failure of an FDIC-
insured depository institution, the FDIC is required to pay insured
deposits as soon as possible. To do so, the FDIC must be able to
quickly determine the total insured amount for each depositor. To make
this determination, the FDIC must ascertain the balances of all deposit
accounts owned by the same depositor in the same ownership capacity at
a failed institution as of the day of failure. The FDIC issued a
regulation (12 CFR 360.9) to modernize the process of determining the
insurance status of each depositor in the event of failure of a covered
institution. The regulations enable operations of a large insured
depository institution to continue functioning on the day following
failure, support the FDIC's efforts to fulfill it's legal mandates
regarding the resolution of failed insured deposit institutions, and
apply to the largest institutions only ($2 billion in domestic deposits
or more). More specifically, the regulations require the largest
insured depository institutions to adopt mechanisms that would, in the
event of the institution's failure (1) provide the FDIC with standard
deposit account and customer informaton, and (2) allow the FDIC to
place and release holds on liability accounts, including deposits.
There is no change in the methodology or substance of this information
collection. The decrease in total estimated annual burden from 6,464
hours in 2021 to 5,948 hours currently is due to a decrease in
estimated number or respondents.
2. Title: Assessment Rate Adjustment Guidelines for Large and
Highly Complex Institutions.
OMB Number: 3064-0179.
Form Number: None.
Affected Public: Large and highly complex depository institutions.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0179]
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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. Assessment Rate Adjustment Reporting (On 1 1 80:00 80
Guidelines for Large and occasion).
Highly Complex Institutions,
12 CFR part 327 (Required to
obtain or retain benefits).
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[[Page 73092]]
Total Annual Burden ................ .............. .............. .............. 80
(Hours):.
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General Description of Collection: The FDIC's deposit insurance
assessment authority is set forth in section 7 of the Federal Deposit
Insurance Act, 12 U.S.C. 1817(b) and (c), and promulgated in
regulations under 12 CFR part 327. These regulations also set out the
process for making adjustments to the total score of these institutions
used by the FDIC in making deposit insurance assessments. Depository
institutions are permitted to make a written request to the FDIC for an
assessment adjustment. An institution is able to request review of, or
appeal, an upward adjustment, the magnitude of an upward adjustment,
removal of a previously implemented downward adjustment or an increase
in a previously implemented upward adjustment through the FDIC's
internal review process set forth at 12 CFR 327.4(c). An institution
can similarly request review of or appeal a decision not to apply an
adjustment following a request by the institution for an adjustment. An
institution can submit its written request for an adjustment to the
FDIC's Director of the Division of Insurance and Research in
Washington, DC. In making such a request, the institution will provide
support by including evidence of a material risk or risk mitigating
factor that it believes was not adequately considered. There is no
change in the methodology or substance of this information collection.
The decrease in total estimated annual burden from 160 hours in 2021 to
80 hours currently is due to a decrease in estimated number or
respondents.
3. Title: Minimum Requirements for Appraisal Management Companies.
OMB Number: 3064-0195.
Form Number: None.
Affected Public: Individuals or households; business or other for
profit.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0195]
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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. Written Notice of Appraiser Disclosure (On 8,481 1 00:05 707
Removal from Network or occasion).
Panel, 12 CFR 323.10
(Mandatory).
2. Develop and Maintain a Recordkeeping 1 1 40:00 40
State Licensing Program, 12 (On occasion).
CFR 323.11(a) and (b)
(Mandatory).
3. AMC Disclosure Requirements Disclosure (On 1,206 1 01:00 1,206
(State-regulated AMCs), 12 occasion).
CFR 323.12 (Mandatory).
4. AMC Disclosure Requirements Disclosure (On 38 1 01:00 38
(Federally regulated AMCs), occasion).
12 CFR 323.13(c) (Mandatory).
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Total Annual Burden ................ .............. .............. .............. 1,991
(Hours):.
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Source: FDIC.
General Description of Collection: This information collection
comprises recordkeeping and disclosure requirements under regulations
issued by the FDIC, jointly with the Office of the Comptroller of the
Currency, the Board of Governors of the Federal Reserve System, the
National Credit Union Administration, the Bureau of Consumer Financial
Protection, and the Federal Home Finance Agency, that implement the
minimum requirements in section 1473 of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (Dodd-Frank Act) to be applied by
States in the registration and supervision of appraisal management
companies (AMCs). The regulations also implement the requirement in
section 1473 of the Dodd-Frank Act for States to report to the
Appraisal Subcommittee of the Federal Financial Institutions
Examination Council the information required by the ASC to administer
the new national registry of appraisal management companies (AMC
National Registry or Registry). The information collection requirements
are established in 12 CFR part 323 of the FDIC's codified regulations.
There is no change in the methodology or substance of this information
collection. The decrease in total estimated annual burden from 2,457 in
2021 to 1,991 currently is due to a change 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, September 3, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-20164 Filed 9-6-24; 8:45 am]
BILLING CODE 6714-01-P
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