Notice2024-25699
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Primary source
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Published
November 5, 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. 3064-0025; -0200; and -0214).
Full Text
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<title>Federal Register, Volume 89 Issue 214 (Tuesday, November 5, 2024)</title>
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[Federal Register Volume 89, Number 214 (Tuesday, November 5, 2024)]
[Notices]
[Pages 87877-87879]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-25699]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0025; -0200; -0214]
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.
3064-0025; -0200; and -0214).
DATES: Comments must be submitted on or before January 6, 2025.
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#4b282426262e253f380b2d2f2228652c243d"><span class="__cf_email__" data-cfemail="197a7674747c776d6a597f7d707a377e766f">[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#2c414f4d4e49564d6c4a48454f024b435a"><span class="__cf_email__" data-cfemail="670a040605021d062701030e0449000811">[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 collections of information:
1. Title: Application for Consent to Exercise Trust Powers.
OMB Number: 3064-0025.
Form Number: 6200/09.
Affected Public: Insured state nonmember banks wishing to exercise
trust powers.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0025)
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Average
Information collection (IC) Type of burden Number of Number of time per Annual
(obligation to respond) (frequency of response) respondents responses per response burden
respondent (HH:MM) (hours)
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1. Application for Consent to Reporting (On Occasion) 3 1 08:00 24
Exercise Trust Powers--Eligible
Depository Institutions 12 CFR
303.242 (Mandatory).
2. Application for Consent to Reporting (On Occasion) 1 1 24:00 24
Exercise Trust Powers--Not-Eligible
Depository Institutions, 12 CFR
303.242 (Mandatory).
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Total Annual Burden (Hours)...... ....................... ........... .............. ......... 48
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Source: FDIC.
General Description of Collection: FDIC regulations (12 CFR 333.2)
prohibit any insured State nonmember bank from changing the general
character of its business without the prior written consent of the
FDIC. The exercise of trust powers by a bank is usually considered a
change in the general character of a bank's business if the bank did
not exercise those powers previously. Therefore, unless a bank is
currently exercising trust powers, it must file a formal application to
obtain the FDIC's written consent to exercise trust powers. State
banking authorities, not the FDIC, grant trust powers to their banks.
The FDIC merely consents to the exercise of such powers. Applicants use
form FDIC 6200/09 to obtain FDIC's consent. There is no change in the
methodology or substance of this information collection. The decrease
in total estimated annual burden from 72 hours in 2022 to 48 hours
currently is due to decrease in the number of applications for
expedited processing from eligible depository institutions.
2. Title: Joint Standards for Assessing Diversity Policies and
Practices.
OMB Number: 3064-0200.
Form Number: 2710/05--Diversity Self-Assessment (paper form), 2710/
06--Diversity Self-Assessment (electronic form).
Affected Public: Insured State nonmember banks, and insured State
savings associations.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0200)
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Number of Time per Annual
Information collection (IC) Type of burden Number of responses per response burden
(obligation to respond) (Frequency of response) respondents respondent (HH:MM) (hours)
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1. Joint Standards for Assessing Reporting (Annual)..... 6 1 08:00 48
Diversity Policies and Practices--
Paper Form, Interagency policy
statement (Voluntary).
2. Joint Standards for Assessing Reporting (Annual)..... 36 1 07:00 252
Diversity Policies and Practices--
Electronic Form (Implementation),
Interagency policy statement
(Voluntary).
3. Joint Standards for Assessing Reporting (Annual)..... 139 1 03:00 417
Diversity Policies and Practices--
Electronic Form (Ongoing),
Interagency policy statement
(Voluntary).
4. Joint Standards for Assessing Reporting (Annual)..... 6 1 12:00 72
Diversity Policies and Practices--
Free-Form, Interagency policy
statement (Voluntary).
5. Joint Standards for Assessing Reporting (Annual)..... 14 1 00:06 1
Diversity Policies and Practices--
Non-material, Interagency policy
statement (Voluntary).
[[Page 87878]]
6. Joint Standards for Assessing Disclosure (Annual).... 201 1 01:00 201
Diversity Policies and Practices--
Public Disclosure, Interagency
policy statement (Voluntary).
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Total Annual Burden (Hours)...... ....................... ........... .............. ......... 991
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Source: FDIC.
General Description of Collection: Section 342 of the Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2010 (the Act)
required the Office of the Comptroller of the Currency, the Federal
Reserve System, the FDIC, the Consumer Financial Protection Bureau, and
the Securities and Exchange Commission each to establish an Office of
Minority and Women Inclusion (OMWI) to be responsible for all matters
of the agency relating to diversity in management, employment, and
business activities. The Act also instructed each OMWI director to
develop standards for assessing the diversity policies and practices of
entities regulated by the agency. The agencies worked together to
develop joint standards (Joint Standards) and, on June 10, 2015, they
jointly published in the Federal Register the ``Final Interagency
Policy Statement Establishing Joint Standards for Assessing the
Diversity Policies and Practices of Entities Regulated by the
Agencies'' (Policy Statement). The Policy Statement includes Joint
Standards that cover ``Practices to Promote Transparency of
Organizational Diversity and Inclusion.'' These Joint Standards
contemplate that a regulated entity is transparent about its diversity
and inclusion activities by making certain information available to the
public annually on its websites or through other appropriate
communications methods, in a manner reflective of the entity's size and
other characteristics. The specific information referenced in these
standards is (a) the entity's diversity and inclusion strategic plan;
(b) its policy on its commitment to diversity and inclusion; (c) its
progress toward achieving diversity and inclusion in its workforce and
procurement activities; and (d) opportunities available at the entity
that promote diversity. In addition, the Policy Statement includes
Joint Standards that address ``Entities' Self-Assessment.'' The Joint
Standards for Entities' Self-Assessment envision that a regulated
entity, in a manner reflective of its size and other characteristics,
(a) conducts annually a voluntary self-assessment of its diversity
policies and practices; (b) monitors and evaluates its performance
under its diversity policies and practices on an ongoing basis; (c)
provides information pertaining to its self-assessment to the OMWI
Director of its primary Federal financial regulator; and (d) publishes
information pertaining to its efforts with respect to the Joint
Standards. There is no change in the methodology or substance of this
information collection. The decrease in total estimated annual burden
from 1560 hours in 2022 to 991 hours currently is due to the
expectation that most repeat respondent banks would use the copy/clone
feature in Financial Institution Diversity-Self Assessment (FID-SA) for
their future submissions, thereby saving a substantial amount of
response time and reducing their overall burden hours.
3. Title: Computer Security Incident Notification Requirements.
OMB Number: 3064-0214.
Form Number: None.
Affected Public: Businesses or other for-profit.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0214)
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Number of Time per Annual
Information collection (IC) Type of burden Number of responses per response burden
(obligation to respond) (frequency of response) respondents respondent (HH:MM) (hours)
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1. Notification Incident Reporting, Reporting (On Occasion) 67 1.25 03:00 252
12 CFR 304.23 (Mandatory).
2. Service Provider Notification, 12 Reporting (On Occasion) 832 1 03:00 2,496
CFR 304.24 (Mandatory).
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Total Annual Burden (Hours)...... ....................... ........... .............. ......... 2,748
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Source: FDIC.
General Description of Collection: The Office of the Comptroller of
the Currency, Board of Governors of the Federal Reserve System, and the
FDIC are issuing a notice of proposed rulemaking (the proposed rule)
that would require a banking organization to notify its primary Federal
regulator upon the occurrence of a significant computer security
incident. This notification requirement is intended to serve as an
early alert to a banking organization's primary Federal regulator and
is not intended to include an assessment of the incident. The proposed
rule would allow a banking organization to authorize or contract with a
bank service provider to allow the bank service provider to make the
relevant notifications to the banking organization's primary Federal
regulator on the banking organization's behalf. Moreover, a bank
service provider as defined herein and in accordance with the Bank
Service Company Act (BSCA) would be required to notify affected banking
organization customers within four hours of when it experiences a
computer-security incident that it reasonably believes could disrupt,
degrade, or impair services provided subject to the BSCA for four or
more hours. ``Bank service providers'' would include both bank service
companies and third-party service providers, under the BSCA. There is
no change in the methodology or substance of this information
collection. The increase in total estimated annual burden from 2,694 in
2022 to 2,748 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,
[[Page 87879]]
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 October 31, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-25699 Filed 11-4-24; 8:45 am]
BILLING CODE 6714-01-P
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