Notice2025-04975
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
March 25, 2025
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064-0072; -0093; -0111; -0136; and -0171). The notices of proposed renewal for these information collections were previously published in the Federal Register on January 23, 2025, allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 90 Issue 56 (Tuesday, March 25, 2025)</title>
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[Federal Register Volume 90, Number 56 (Tuesday, March 25, 2025)]
[Notices]
[Pages 13596-13600]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-04975]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0072; -0093; -0111; -0136 and -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, invites the general public and other Federal
agencies to take this opportunity to comment on the request to renew
the existing information collections described below (OMB Control No.
3064-0072; -0093; -0111; -0136; and -0171). The notices of proposed
renewal for these information collections were previously published in
the Federal Register on January 23, 2025, allowing for a 60-day comment
period.
DATES: Comments must be submitted on or before April 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#6a090507070f041e192a0c0e0309440d051c"><span class="__cf_email__" data-cfemail="82e1edefefe7ecf6f1c2e4e6ebe1ace5edf4">[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.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find these particular information
collections by selecting ``Currently under 30-day Review--Open for
Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, <a href="/cdn-cgi/l/email-protection#d9b4bab8bbbca3b899bfbdb0baf7beb6af"><span class="__cf_email__" data-cfemail="127f7173707768735274767b713c757d64">[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)
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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)
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1. Request for Proposal and Request Reporting (On 634 1 10:36 6,720
for Quotation--Solicitation/Award Occasion).
(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).
[[Page 13597]]
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).
5. Leasing Representations and Reporting (On 40 1 01:00 40
Certifications (Form 3700/44), 12 Occasion).
CFR Part 366 (Required to Obtain
or Retain Benefits).
6. Past Performance Questionnaire Reporting (On 474 1 00:45 356
(Form 3700/57) (Required to Obtain Occasion).
or Retain Benefits).
7. Contractor Representations and Reporting (On 1 1 00:45 1
Certifications (Form 3700/04A) Occasion).
(Required to Obtain or Retain
Benefits).
8. Integrity and Fitness Reporting (On 1 1 00:20 0
Representations and Certifications Occasion).
(Form 3700/12) (Required to Obtain
or Retain Benefits).
9. Prize Competitions--Application Reporting (On 1 1 01:00 1
(Required to Obtain or Retain Occasion).
Benefits).
10. Prize Competitions--Proposal Reporting (On 1 1 60:00 60
(Required to Obtain or Retain Occasion).
Benefits).
11. Innovation Pilot Programs-- Reporting (On 1 1 20:00 20
Application (Required to Obtain or Occasion).
Retain Benefits).
12. Innovation Pilot Programs-- Reporting (On 1 1 60:00 60
Proposal (Required to Obtain or Occasion).
Retain Benefits).
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Total Annual Burden (Hours).... ...................... ........... .............. .......... 13,326
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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 (12 U.S.C. 1819) empowers the FDIC to enter into
contracts using private sector contractors to provide goods or
services. Many of these contracts are in service to mission essential
functions, including resolutions. 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
fall 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-FIN-4; G-FIN-5.
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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Average
Information collection (IC) Type of burden Number of Number of time per Annual
(obligation to respond) (frequency of respondents responses per response burden
response) respondent (HH:MM) (hours)
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1. Notice by Financial Institutions Reporting (On 2 1 01:00 2
of Government Securities Broker or Occasion).
Government Securities Dealer
Activities (G-FIN),17 CFR Part 401
(Mandatory).
2. Notice by Financial Institutions Reporting (On 2 1 02:00 4
of Termination of Activities as a Occasion).
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).
[[Page 13598]]
4. Uniform Termination Notice for Reporting (On 2 2 00:15 1
Persons Associated with a Occasion).
Financial Institution Government
Securities Broker or Dealer (G-FIN-
5),17 CFR Part 401 (Mandatory).
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Total Annual Burden (Hours).... ...................... ........... .............. .......... 11
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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 Annual
Information collection (IC) (frequency of Number of responses per response burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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1. Application or Notice to engage Recordkeeping (Annual) 32 1.1 08:00 280
in certain activities--12 CFR Part
362. (Mandatory).
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Total Annual Burden (Hours).... ...................... ........... .............. .......... 280
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Source: FDIC.
General Description of Collection: Section 24 of the Federal
Deposit Insurance (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
increasing the number of respondents and the number of responses per
respondent to account for economic fluctuation.
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 13599]]
Summary of Estimated Annual Burden (OMB No. 3064-0136)
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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)
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IC1: Initial drafting of Notice to Disclosure (Annual)... 83 1 240:00 19,920
Consumers (12 CFR 1016.4)
(Mandatory).
IC2: Annual notice and change in Disclosure (Annual)... 349 1 60:00 20,940
terms (12 CFR 1016.5) (Mandatory).
IC3: Opt-out Notice (12 CFR 1016.7) Disclosure (Annual)... 182 1 8:00 1,456
(Mandatory).
IC4: Consumer opt-out (12 CFR Recordkeeping (Annual) 182 1 1:00 182
1016.10) (Mandatory).
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Total Annual Burden (Hours).... ...................... ........... .............. .......... 42,498
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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)
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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. 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 Compliance--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 Compliance--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).
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).
[[Page 13600]]
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).
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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
to 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 collection of information
is 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 collection,
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 collection 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 March 19, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-04975 Filed 3-24-25; 8:45 am]
BILLING CODE 6714-01-P
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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.