Notice2025-06759
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
April 21, 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. 3064-0117; -0145; and -0161). The notices of proposed renewal for these information collections were previously published in the Federal Register on March 4, 2025, allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 90 Issue 75 (Monday, April 21, 2025)</title>
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[Federal Register Volume 90, Number 75 (Monday, April 21, 2025)]
[Notices]
[Pages 16680-16682]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-06759]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0117; -0145; and -0161]
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.
3064-0117; -0145; and -0161). The notices of proposed renewal for these
information collections were previously published in the Federal
Register on March 4, 2025, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before May 21, 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#197a7674747c776d6a597f7d707a377e766f"><span class="__cf_email__" data-cfemail="e2818d8f8f878c9691a284868b81cc858d94">[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#fb96989a999e819abb9d9f9298d59c948d"><span class="__cf_email__" data-cfemail="402d232122253a2100262429236e272f36">[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: Mutual-to-Stock Conversion of State Savings Banks.
OMB Number: 3064-0117.
Form Number: None.
Affected Public: Insured State savings associations.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0117]
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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 Reporting (On 5 1 250:00 1,250
Engage in Certain Activities Occasion).
(Mandatory).
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Total Annual Burden ................ .............. .............. .............. 1,250
(Hours).
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Source: FDIC.
General Description of Collection: State savings associations must
file a notice of intent to convert to stock form and provide the FDIC
with copies of documents filed with State and Federal banking and/or
securities regulators in connection with any proposed mutual-to-stock
conversion. There is no change in the method or substance of the
collection. The estimated burden remains unchanged from 2022.
2. Title: Notice Regarding Unauthorized Access to Customer
Information.
OMB Number: 3064-0145.
Form Number: None.
Affected Public: Insured State nonmember banks.
Burden Estimate:
[[Page 16681]]
Summary of Estimated Annual Burden
[OMB No. 3064-0145]
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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. Develop Policies and Recordkeeping 9 1 24:00 216
Procedures for Response (On Occasion).
Program, 12 CFR Part 364,
App. B, Sec. III
(Mandatory).
2. Notice Regarding Disclosure(On 350 1 36:00 12,600
Unauthorized Access to Occasion).
Customer Information, 12 CFR
Part 364, App. B, Sec.
III(C)(1)(g) (Mandatory).
3. Incident Notification to Reporting (On 350 1 01:00 350
Primary Federal Regulator, 12 Occasion).
CFR Part 364, App. B, Sec.
III(C)(1)(g) (Mandatory).
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Total Annual Burden ................ .............. .............. .............. 13,166
(Hours).
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Source: FDIC.
General Description of Collection: The Interagency Guidance on
Response Programs for Unauthorized Access to Customer Information and
Customer Notice describes the Federal banking agencies' expectations
regarding a response program, including customer notification
procedures, that a financial institution should develop and apply under
the circumstances described in the Guidance to address unauthorized
access to or use of customer information that could result in
substantial harm or inconvenience to a customer. The Guidance advises
financial institutions when and how they might (1) develop notices to
customers; (2) in certain circumstances defined in the Guidance,
determine which customers should receive the notices; and (3) send the
notices to customers. There is no change in the methodology or
substance of this information collection. The increase in total
estimated annual burden from 11,580 hours in 2022 to 13,166 hours
currently is due to an increase in the estimated number of respondents
and more fine-grained estimation of the types of information burden
associated with the collection.
3. Title: Furnisher Information Accuracy and Integrity (FACTA 312).
OMB Number: 3064-0161.
Form Number: None.
Affected Public: State nonmember banks.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0161]
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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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1. Procedures to Enhance the Recordkeeping 2,820 1 40:00 112,800
Accuracy and Integrity of (Annual).
Information Furnished to
Consumer Reporting Agencies
under Section 312 of the Fair
and Accurate Credit
Transactions Act of 2003, 12
CFR Part 1022, Subpart E
(Mandatory).
2. Distribution of Notices in Third Party 2,820 98 00:14 64,484
Response to Direct Disputes, Disclosure (On
12 CFR Part 1022, Subpart E Occasion).
(Mandatory).
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Total Annual Burden ................ .............. .............. .............. 177,284
(Hours).
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Source: FDIC.
General Description of Collection: Sec. 312 of the Fair and
Accurate Credit Transaction Act of 2003 (FACT Act) requires the FDIC to
issue guidelines for furnishers regarding the accuracy and integrity of
the information about consumers furnished to consumer reporting
agencies; prescribe regulations requiring furnishers to establish
reasonable policies/procedures to implement the guidelines; and issue
regulations identifying the circumstances where a furnisher must
reinvestigate a dispute about the accuracy of information in a consumer
report based on a direct request from a consumer. There is no change in
the method or substance of the collection. The overall increase in
burden hours is the result of economic fluctuation. In particular, the
number of responses per respondent has increased while the time per
response has remained the same.
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)
[[Page 16682]]
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 April 15, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-06759 Filed 4-18-25; 8:45 am]
BILLING CODE 6714-01-P
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