Notice2025-01626
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
January 23, 2025
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. 3064-0072, -0093, -0111, -0136, and -0171).
Full Text
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<title>Federal Register, Volume 90 Issue 14 (Thursday, January 23, 2025)</title>
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[Federal Register Volume 90, Number 14 (Thursday, January 23, 2025)]
[Notices]
[Pages 8027-8031]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-01626]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0072; -0093; -0111; -0136; -0171]
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.
3064-0072, -0093, -0111, -0136, and -0171).
DATES: Comments must be submitted on or before March 24, 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#680b0705050d061c1b280e0c010b460f071e"><span class="__cf_email__" data-cfemail="cfaca0a2a2aaa1bbbc8fa9aba6ace1a8a0b9">[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#ec818f8d8e89968dac8a88858fc28b839a"><span class="__cf_email__" data-cfemail="a8c5cbc9cacdd2c9e8ceccc1cb86cfc7de">[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: Acquisition Services Information Requirements.
OMB Number: 3064-0072.
Form Number: 1600/04; 1600/07; 3700/04A; 3700/12; 3700/44; 3700/57.
Affected Public: Private sector, business and other for-profit
entities.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0072]
----------------------------------------------------------------------------------------------------------------
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)
----------------------------------------------------------------------------------------------------------------
1. Request for Proposal and Reporting (On 634 1 10:36 6,720
Request for Quotation-- Occasion).
Solicitation/Award (Form 3700/
55) (Required to Obtain or
Retain Benefits).
2. Request for Information Reporting (On 104 1 55:24 5,762
(Voluntary). Occasion).
3. Background Investigation Reporting (On 581 1 00:20 194
Questionnaire for Contractor Occasion).
Personnel and Subcontractors
(Form 1600/04), 12 CFR Part
366 (Required to Obtain or
Retain Benefits).
4. Background Investigation Reporting (On 223 1 00:30 112
Questionnaire for Contractors Occasion).
(Form 1600/07), 12 CFR Part
366 (Required to Obtain or
Retain Benefits).
[[Page 8028]]
5. Leasing Representations and Reporting (On 40 1 01:00 40
Certifications (Form 3700/ Occasion).
44), 12 CFR Part 366
(Required to Obtain or Retain
Benefits).
6. Past Performance Reporting (On 474 1 00:45 356
Questionnaire (Form 3700/57) Occasion).
(Required to Obtain or Retain
Benefits).
7. Contractor Representations Reporting (On 1 1 00:45 1
and Certifications (Form 3700/ Occasion).
04A) (Required to Obtain or
Retain Benefits).
8. Integrity and Fitness Reporting (On 1 1 00:20 0
Representations and Occasion).
Certifications (Form 3700/12)
(Required to Obtain or Retain
Benefits).
9. Prize Competitions-- Reporting (On 1 1 01:00 1
Application (Required to Occasion).
Obtain or Retain Benefits).
10. Prize Competitions-- Reporting (On 1 1 60:00 60
Proposal (Required to Obtain Occasion).
or Retain Benefits).
11. Innovation Pilot Programs-- Reporting (On 1 1 20:00 20
Application (Required to Occasion).
Obtain or Retain Benefits).
12. Innovation Pilot Programs-- Reporting (On 1 1 60:00 60
Proposal (Required to Obtain Occasion).
or Retain Benefits).
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Total Annual Burden ................ .............. .............. .............. 13,326
(Hours).
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Source: FDIC.
General Description of Collection: This information collection
involves the submission of various forms by (1) contractors who wish to
do business with the FDIC or are currently under contract with the
FDIC, (2) those vendors and parties participating in innovation pilot
programs and prize competitions with the possibility of being awarded a
contract, and (3) government agencies or commercial businesses that
provide FDIC with past performance information. The Federal Deposit
Insurance Act (the Act) (12 U.S.C. 1819) empowers the FDIC to enter
into contracts using private sector contractors to provide goods or
services. The Act also provides that the FDIC may promulgate policies
and procedures to administer the powers granted to it, including the
power to enter into contracts. Pursuant to such policies, the
Acquisition and Corporate Services Branch of the FDIC's Division of
Administration has developed forms and clauses to facilitate the
procurement of goods and services from private sector contractors. The
information collected through these forms and clauses falls under the
definition of collection of information under the Paperwork Reduction
Act of 1995 (PRA). There is no change in the methodology or substance
of this information collection. The decrease in total estimated annual
burden from 21,234 hours in 2022 to 13,326 hours currently is due to
the deletion of the former IC associated with Form 1600/10.
2. Title: Notices Required of Government Securities Dealers or
Brokers (Insured State Nonmember Banks).
OMB Number: 3064-0093.
Form Number: G-FIN; G-FINW; G-FIN4; G-FIN5.
Affected Public: Insured State nonmember banks acting as government
securities brokers and dealers.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0093]
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Type of burden Number of Average time
Information collection (IC) (frequency of Number of responses per per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
1. Notice by Financial Reporting (On 2 1 01:00 2
Institutions of Government Occasion).
Securities Broker or
Government Securities Dealer
Activities (G-FIN), 17 CFR
Part 401 (Mandatory).
2. Notice by Financial Reporting (On 2 1 02:00 4
Institutions of Termination Occasion).
of Activities as a Government
Securities Broker or
Government Securities Dealer
(G-FINW), 17 CFR Part 401
(Mandatory).
3. Disclosure Form for Person Reporting (On 2 1 02:00 4
Associated with a Financial Occasion).
Institution Securities Broker
or Dealer (G-FIN-4), 17 CFR
Part 401 (Mandatory).
4. Uniform Termination Notice Reporting (On 2 2 00:15 1
for Persons Associated with a Occasion).
Financial Institution
Government Securities Broker
or Dealer (G-FIN-5), 17 CFR
Part 401 (Mandatory).
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[[Page 8029]]
Total Annual Burden ................ .............. .............. .............. 11
(Hours).
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Source: FDIC.
General Description of Collection: The Government Securities Act of
1986 requires all financial institutions acting as government
securities brokers and dealers to notify their Federal regulatory
agencies of their broker dealer activities, unless exempted from the
notice requirements by Treasury Department regulation. The Form G-FIN
and Form G-FINW are used by insured State nonmember banks that are
government securities brokers or dealers to notify the FDIC of their
status or that they have ceased to function as a government securities
broker or dealer. The Form G-FIN-4 is used by associated persons of
insured State nonmember banks that are government securities brokers or
dealers to provide certain information to the bank and to the FDIC
concerning employment, residence, and statutory disqualification. The
Form G-FIN-5 is used by insured State nonmember banks that are
government securities brokers or dealers to notify the FDIC that an
associated person is no longer associated with the government
securities broker or dealer function of the bank. There is no change in
the method or substance of the collection. The overall decrease in
burden hours is driven both by the decrease in the estimated annual
number of responses and the changes to the estimated time per response.
3. Title: Activities and Investments of Insured Depository
Institutions.
OMB Number: 3064-0111.
Form Number: None.
Affected Public: Insured State nonmember banks and insured State
savings associations.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0111]
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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. Application or Notice to Recordkeeping 32 1.1 08:00 280
engage in certain activities-- (Annual).
12 CFR Part 362. (Mandatory).
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Total Annual Burden ................ .............. .............. .............. 280
(Hours).
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Source: FDIC.
General Description of Collection: Section 24 of the Federal
Deposit Insurance Act (FDI Act), 12 U.S.C. 1831a, limits investments
and other activities in which State banks may engage, as principal, to
those permissible for national banks and those approved by the FDIC
under procedures set forth in 12 CFR part 362 of the FDIC's Rules and
Regulations. With certain exceptions, section 24 of the FDI Act limits
the activities and investments of State banks to those activities and
investments that are permissible for national banks. In addition, the
statute prohibits a State bank from directly engaging, as a principal,
in any activity or investment that is not permissible for a national
bank, or indirectly through a subsidiary in an activity or investment
that is not permissible for a subsidiary of a national bank, unless
such bank meets its minimum capital requirements and the FDIC
determines that the activity or investment does not pose a significant
risk to the Deposit Insurance Fund (DIF). The FDIC can make such a
determination for exception by regulation or by order. Section 28(a),
12 U.S.C. 1831e, similarly limits the investments and activities of
State savings associations and their service corporations to those
permitted by Federal savings associations and their service
corporations, absent FDIC approval. Part 362 details the activities
that State banks or their subsidiaries may engage in, under certain
criteria and conditions, and identifies the information that State
banks must furnish to the FDIC in order to obtain the FDIC's approval
or non-objection. Part 362 also applies to the activities and
investments of State savings associations and their subsidiaries. There
is no change in the method or substance of the collection. The increase
in burden hours from 232 hours in 2022 to 280 hours currently is the
result of economic fluctuation. In particular, the number of
respondents and the number of responses per respondent has increased.
4. Title: Privacy of Consumer Financial Information.
OMB Number: 3064-0136.
Form Number: None.
Affected Public: Insured State nonmember banks and consumers.
Burden Estimate:
[[Page 8030]]
Summary of Estimated Annual Burden
[OMB No. 3064-0136]
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Type of burden Number of Average time
Information collection (IC) (frequency of Number of responses per per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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IC1: Initial drafting of Disclosure 83 1 240:00 19,920
Notice to Consumers (12 CFR (Annual).
1016.4) (Mandatory).
IC2: Annual notice and change Disclosure 349 1 60:00 20,940
in terms (12 CFR 1016.5) (Annual).
(Mandatory).
IC3: Opt-out Notice (12 CFR Disclosure 182 1 8:00 1,456
1016.7) (Mandatory). (Annual).
IC4: Consumer opt-out (12 CFR Recordkeeping 182 1 1:00 182
1016.10) (Mandatory). (Annual).
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Total Annual Burden ................ .............. .............. .............. 42,498
(Hours).
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Source: FDIC.
General Description of Collection: The elements of this collection
are required under sections 503 and 504 of the Gramm-Leach-Bliley Act,
15 U.S.C. 6803, 6804. The collection mandates notice requirements and
restrictions on a financial institution's ability to disclose nonpublic
personal information about consumers to nonaffiliated third parties.
There is no change in the method or substance of the collection. The
overall decrease in burden hours is the result of economic fluctuation,
in particular, the determination that regulation P has de minimis
burden on consumers to opt out.
5. Title: Registration of Mortgage Loan Originators.
OMB Number: 3064-0171.
Form Number: None.
Affected Public: FDIC-supervised institutions and employee mortgage
loan originators.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0171]
----------------------------------------------------------------------------------------------------------------
Type of burden Number of Average time
Information collection (IC) (frequency of Number of responses per per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
1. Financial Institution Recordkeeping 2 1 20:00 40
Policies and Procedures for (One Time).
Ensuring Employee-Mortgage
Loan Originator Compliance
with SAFE Act Requirements--
New Entrant, 12 CFR 1007.104
(Mandatory).
2. Financial Institution Recordkeeping 2,783 1 01:00 2,783
Policies and Procedures for (Annual).
Ensuring Employee-Mortgage
Loan Originator Compliance
with SAFE Act Requirements--
Ongoing, 12 CFR 1007.104
(Mandatory).
3. Financial Institution Recordkeeping 2 1 60:00 120
Procedures to Track and (One Time).
Monitor Compliance with SAFE
Act Requirements--New
Entrant, 12 CFR 1007.104
(Mandatory).
4. Financial Institution Recordkeeping 2,783 1 01:00 2,783
Procedures to Track and (Annual).
Monitor Compliance with SAFE
Act Requirements--Ongoing, 12
CFR 1007.104 (Mandatory).
5. Financial Institution Recordkeeping 2 1 20:00 40
Procedures for the Collection (One Time).
and Maintenance of Employee
Mortgage Loan Originator's
Criminal History Background
Reports--New Entrant, 12 CFR
1007.104 (Mandatory).
6. Financial Institution Recordkeeping 2,783 1 01:00 2,783
Procedures for the Collection (Annual).
and Maintenance of Employee
Mortgage Loan Originator's
Criminal History Background
Reports--Ongoing, 12 CFR
1007.104 (Mandatory).
7. Financial Institution Disclosure (One 2 1 25:00 50
Procedures for Public Time).
Disclosure of Mortgage Loan
Originator's Unique
Identifier--New Entrant, 12
CFR 1007.104 (Mandatory).
8. Financial Institution Disclosure 2,783 1 01:00 2,783
Procedures for Public (Annual).
Disclosure of Mortgage Loan
Originator's Unique
Identifier--Ongoing, 12 CFR
1007.104 (Mandatory).
9. Financial Institution Reporting (On 2,785 1 01:00 2,785
Information Reporting to Occasion).
Registry, 12 CFR 1007.103
(Mandatory).
[[Page 8031]]
10. Mortgage Loan Originator Reporting (One 6,204 1 00:15 1,551
Initial Registration Time).
Reporting and Authorization
Requirement, 12 CFR 1007.103
(Mandatory).
11. Mortgage Loan Originator Reporting (On 38,249 1 00:15 9,562
Registration Updates Upon Occasion).
Change in Circumstances, 12
CFR 1007.103 (Mandatory).
12. Financial Institution Recordkeeping 2,785 1 04:00 11,140
Procedures for the Collection (On Occasion).
of Employee Mortgage Loan
Originator's Fingerprints, 12
CFR 1007.104 (Mandatory).
13. Mortgage Loan Originator Disclosure (On 44,453 1 01:00 44,453
Procedures for Disclosure to Occasion).
Consumers of Unique
Identifier, 12 CFR 1007.104
(Mandatory).
14. Mortgage Loan Originator Reporting (On 38,249 1 00:15 9,562
Annual Renewal Registration Occasion).
Reporting and Authorization
Requirements, 12 CFR 1007.103
(Mandatory).
---------------------------------------------------------------
Total Annual Burden ................ .............. .............. .............. 90,435
(Hours).
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Source: FDIC.
General Description of Collection: This information collection
implements the Secure and Fair Enforcement for Mortgage Licensing Act
of 2008 (SAFE Act) requirement that employees of federally-regulated
institutions who engage in the business of a mortgage loan originator
register with the Nationwide Mortgage Licensing System and Registry and
establishes national licensing and registration requirements. It also
directs federally-regulated institutions to have written policies and
procedures in place to ensure that their employees who perform mortgage
loan originations comply with the registration and other SAFE Act
requirements. There is no change in the method or substance of the
collection. The overall decrease in burden hours is the result of
decreases in both the estimated number of FDIC-supervised institutions
engaged in mortgage lending as well as the estimated number of mortgage
loan originators employed at such institutions.
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, January 17, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-01626 Filed 1-22-25; 8:45 am]
BILLING CODE 6714-01-P
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