Notice2024-23408
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
October 10, 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. 3064-0165).
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 197 (Thursday, October 10, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 197 (Thursday, October 10, 2024)]
[Notices]
[Pages 82242-82243]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-23408]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0165]
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
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.
3064-0165).
DATES: Comments must be submitted on or before December 9, 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#a2c1cdcfcfc7ccd6d1e2c4c6cbc18cc5cdd4"><span class="__cf_email__" data-cfemail="b5d6dad8d8d0dbc1c6f5d3d1dcd69bd2dac3">[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#4528262427203f240523212c266b222a33"><span class="__cf_email__" data-cfemail="7f121c1e1d1a051e3f191b161c51181009">[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:
Title: Pillar 2 Guidance--Advanced Capital Framework.
OMB Number: 3064-0165.
Form Number: None.
Affected Public: Insured state nonmember banks and certain
subsidiaries of these entities.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0165]
----------------------------------------------------------------------------------------------------------------
Type of burden Number of Time per Annual
Information Collection (IC) (frequency of Number of responses per response burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
Supervisory Guidance: Supervisory Recordkeeping 1 4 105:00 420
Process of Capital Adequacy (Pillar (Quarterly).
2) Related to the Implementation of
the Basel II Advanced Capital
Framework (Voluntary).
---------------------------------------------------
Total Annual Burden (Hours):..... ..................... ............ ............... ......... 420
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection. In 2008, the Office of the
Comptroller of the Currency, the Board of Governors of the Federal
Reserve System, and the FDIC issued a supervisory guidance document
related to the supervisory review process of capital adequacy (Pillar
2) in connection with the implementation of the Basel II Advanced
Capital Framework. Sections 37, 41, 43, and 46 of the guidance include
possible information collections. Section 37 provides that banks should
state clearly the definition of capital used in any aspect of its
internal capital adequacy assessment process (ICAAP) and document any
changes in the internal definition of capital. Section 41 provides that
banks should maintain thorough documentation of its ICAAP. Section 43
specifies that the board of directors should approve the bank's ICAAP,
review it on a regular basis and approve any changes. Section 46
recommends that boards of directors periodically review the assessment
of overall capital adequacy and analyze how measures of internal
capital adequacy compare with other capital measures such as regulatory
or accounting. There has been no change in the method or substance of
this information collection, and the burden is unchanged from the 2021
burden estimate.
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
[[Page 82243]]
technology. All comments will become a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on October 4, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-23408 Filed 10-9-24; 8:45 am]
BILLING CODE 6714-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on October 10, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.