Notice2024-28842
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
December 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. 3064-0121 and -0135).
Full Text
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<title>Federal Register, Volume 89 Issue 236 (Monday, December 9, 2024)</title>
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[Federal Register Volume 89, Number 236 (Monday, December 9, 2024)]
[Notices]
[Pages 97612-97613]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-28842]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0121; -0135]
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.
3064-0121 and -0135).
DATES: Comments must be submitted on or before February 7, 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#beddd1d3d3dbd0cacdfed8dad7dd90d9d1c8"><span class="__cf_email__" data-cfemail="51323e3c3c343f252211373538327f363e27">[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 a.m. and 5 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#6409070506011e052402000d074a030b12"><span class="__cf_email__" data-cfemail="2449474546415e456442404d470a434b52">[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: Certification of Compliance with Mandatory Bars to
Employment.
OMB Number: 3064-0121.
Form Number: 2120/16.
Affected Public: Individuals seeking employment from the FDIC.
Burden Estimate:
[[Page 97613]]
Summary of Estimated Annual Burden
[OMB No. 3064-0121]
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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. Form 2120/16, (Mandatory).. Reporting 866 1 00:10 144
(Annual).
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Total Annual Burden ................ .............. .............. .............. 144
(Hours).
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Source: FDIC.
General Description of Collection: This information collection
arises from the reporting requirements contained in 12 CFR part 336,
subpart B, of the FDIC Rules and Regulations entitled ``Minimum
Standards of Fitness for Employment with the Federal Deposit Insurance
Corporation.'' This rule implements section 19 of the Resolution Trust
Corporation Completion Act, Public Law 103-204, by (among other things)
prescribing a certification, with attachments in some cases, relating
to job applicants' fitness and integrity. More specifically, the
statute provides that the FDIC shall issue regulations implementing
provisions that prohibit any person from becoming employed by the FDIC
who has been convicted of any felony; has been removed from, or
prohibited from participating in the affairs of, any insured depository
institution pursuant to any final enforcement action by any appropriate
Federal banking agency; has demonstrated a pattern or practice of
defalcation regarding obligations to insured depository institutions;
or has caused a substantial loss to Federal deposit insurance funds.
This collection of information implements these mandatory bars to
employment through a certification, signed by job applicants prior to
an offer of employment using Form 2120/16. There is no change in the
methodology or substance of this information collection. The increase
in total estimated annual burden from 88 hours in 2022 to 144 hours
currently is due to an increase in the estimated number of respondents.
2. Title: Purchaser Eligibility Certification.
OMB Number: 3064-0135.
Form Number: 7300/06.
Affected Public: Individuals and entities wishing to purchase
receivership assets from the FDIC.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0135]
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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. Purchaser Eligibility Reporting (On 140 1 00:30 70
Certification, 12 CFR 340 Occasion).
(Required to obtain or retain
benefits).
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Total Annual Burden ................ .............. .............. .............. 70
(Hours).
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Source: FDIC.
General Description of Collection: The FDIC is statutorily
prohibited from selling assets held by insured depository institutions
that have been placed under the conservatorship or receivership of the
FDIC to individuals or entities that profited or engaged in wrongdoing
at the expense of those failed institutions, or seriously mismanaged
those failed institutions. This statutory prohibition is implemented by
regulation. The FDIC uses Form No. 7300-06: Purchaser Eligibility
Certification (PEC) to determine an entity or person's eligibility to
purchase assets. This information collection (IC) pertains to the
voluntary submission of the PEC by persons seeking to certify their
eligibility to be able to purchase receivership assets. Potential
respondents to this IC include any entity or individual that wishes to
bid on or purchase assets held by insured depository institutions that
have been placed under the conservatorship or receivership of the FDIC.
There is no change in the substance of this IC. The decrease in total
estimated annual burden from 190 hours in 2022 to 70 hours currently is
due a decrease in the estimated number of annual respondents for cash
sales, ORE sales, and securities sales as compared to the 2022 IC,
reflecting the decrease in forecasted sales. This decrease is
attenuated by the inclusion of joint venture transactions in the
calculation of the estimated number of respondents, which were not
included in the 2022 IC.
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, December 4, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-28842 Filed 12-6-24; 8:45 am]
BILLING CODE 6714-01-P
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