Notice2025-11419
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
June 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. 3064-0026; -0178 and -0191).
Full Text
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<title>Federal Register, Volume 90 Issue 118 (Monday, June 23, 2025)</title>
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[Federal Register Volume 90, Number 118 (Monday, June 23, 2025)]
[Notices]
[Pages 26584-26587]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-11419]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0026; -0178; -0191]
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.
3064-0026; -0178 and -0191).
DATES: Comments must be submitted on or before August 22, 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#4724282a2a222933340721232e2469202831"><span class="__cf_email__" data-cfemail="2e4d4143434b405a5d6e484a474d00494158">[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#a5c8c6c4c7c0dfc4e5c3c1ccc68bc2cad3"><span class="__cf_email__" data-cfemail="472a242625223d260721232e2469202831">[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: Reporting Requirements for Transfer Agents.
[[Page 26585]]
OMB Number: 3064-0026.
Form Number: TA-1.
Affected Public: Private sector, insured state nonmember banks and
state savings associations.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0026)
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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)
----------------------------------------------------------------------------------------------------------------
1. Transfer Agent Registration, 12 Reporting (Occasional) 1 1 01:15 1
CFR 341.3 (Mandatory).
2. Transfer Agent Amendment, 12 CFR Reporting (Occasional) 1 1 00:10 0
341.4 (Mandatory).
3. Transfer Agent Deregistration, 12 Reporting (Occasional) 1 1 00:25 0
CFR 341.5 (Mandatory).
---------------------------------------------------
Total Annual Burden (Hours)..... ...................... ............ .............. .......... 1
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection: Section 17A(c) of the Security
Exchange Act of 1934 (the Act) requires all transfer agents for
securities registered under section 12 of the Act or, if the security
would be required to be registered except for the exemption from
registration provided by section 12(g)(2)(B) or section 12(g)(2)(G), to
``fil[e] with the appropriate regulatory agency . . . an application
for registration in such form and containing such information and
documents . . . as such appropriate regulatory agency may prescribe as
necessary or appropriate in furtherance of the purposes of this
section.'' In general, an entity performing transfer agent functions
for a security is required to register with its appropriate regulatory
agency if the security is registered on a national securities exchange
or if the issuer of the security has total assets exceeding $10 million
and a class of equity security held of record by 2,000 persons or, for
an issuer that is not a bank, bank holding company, or savings and loan
holding company, by 500 persons who are not accredited investors. The
Federal Reserve Board of Governors' Regulation H (12 CFR 208.31(a)) and
Regulation Y (12 CFR 225.4(d)), the OCC's 12 CFR 9.20, and the FDIC's
12 CFR part 341 implement these provisions of the Act. To accomplish
the registration of transfer agents, Form TA-1 was developed in 1975 as
an interagency effort by the Securities and Exchange Commission and the
agencies. The agencies primarily use the data collected on Form TA-1 to
determine whether an application for registration should be approved,
denied, accelerated or postponed, and they use the data in connection
with their supervisory responsibilities. There is no change in the
methodology or substance of this information collection. The estimated
burden remains unchanged from the previous submission.
2. Title: Market Risk Capital Requirements.
OMB Number: 3064-0178.
Form Number: None.
Affected Public: Insured State nonmember banks and State savings
associations.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0178)
----------------------------------------------------------------------------------------------------------------
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. Prior Approval, 12 CFR Reporting (Annual).... 1 1 128:00 128
324.203(c)(1), 324.203(c)(2),
324.204(a)(2)(vi)(B),
324.206(b)(3), 324.208(a),
324.209(a) (Mandatory).
2. Policies and Procedures, 12 CFR Recordkeeping (Annual) 1 1 112:00 112
324.203(a)(1), 324.203(b)(1),
324.203(b)(2), 324.206(b)(3)
(Mandatory).
3. Trading and Hedging Strategy, 12 Recordkeeping (Annual) 1 1 16:00 16
CFR 324.203(a)(2) (Mandatory).
4. General Recordkeeping, 324.203(f) Recordkeeping (Annual) 1 1 24:00 24
(Mandatory).
5. Back testing, 12 CFR 324.205(c) Recordkeeping (Annual) 1 1 24:00 24
(Mandatory).
6. Stress testing, 12 CFR Recordkeeping (Annual) 1 4 08:00 32
324.209(c)(2) (Mandatory).
7. Securitizations, 12 CFR Recordkeeping (Annual) 1 1 08:00 8
324.210(f)(1) (Mandatory).
8. Disclosure Policy, 12 CFR Recordkeeping (Annual) 1 1 40:00 40
324.212(b) (Mandatory).
9. Quantitative Disclosure, 12 CFR Disclosure (Annual)... 1 4 08:00 32
324.212(c) (Mandatory).
10. Qualitative Disclosure, 12 CFR Disclosure (Annual)... 1 1 12:00 12
324.212(d) (Mandatory).
Total Annual Burden (Hours)..... ...................... ............ .............. .......... 428
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Source: FDIC.
[[Page 26586]]
General Description of Collection: The FDIC's market risk capital
rules (12 CFR part 324, subpart F) enhance risk sensitivity, increase
transparency through enhanced disclosures and include requirements for
the public disclosure of certain qualitative and quantitative
information about the market risk of State nonmember banks and State
savings associations (covered FDIC-supervised institutions). The market
risk rule applies only if a bank holding company or bank has aggregated
trading assets and trading liabilities equal to 10 percent or more of
quarter-end total assets or $1 billion or more (covered FDIC-supervised
institutions). Currently, only one FDIC regulated entity meets the
criteria of the information collection requirements that are located at
12 CFR 324.203 through 324.212. The collection of information is
necessary to ensure capital adequacy appropriate for the level of
market risk. Section 324.203(a)(1) requires covered FDIC-supervised
institutions to have clearly defined policies and procedures for
determining which trading assets and trading liabilities are trading
positions and specifies the factors a covered FDIC-supervised
institution must take into account in drafting those policies and
procedures. Section 324.203(a)(2) requires covered FDIC supervised
institutions to have clearly defined trading and hedging strategies for
trading positions that are approved by senior management and specifies
what the strategies must articulate. Section 324.203(b)(1) requires
covered FDIC-supervised institutions to have clearly defined policies
and procedures for actively managing all covered positions and
specifies the minimum requirements for those policies and procedures.
Sections 324.203(c)(4) through (10) require the annual review of
internal models and specify certain requirements for those models.
Section 324.203(d) requires the internal audit group of a covered FDIC
supervised institution to prepare an annual report to the board of
directors on the effectiveness of controls supporting the market risk
measurement systems. Section 324.204(b) requires covered FDIC-
supervised institutions to conduct quarterly back testing. Section
324.205(a)(5) requires institutions to demonstrate to the FDIC the
appropriateness of proxies used to capture risks within value-at-risk
models. Section 324.205(c) requires institutions to develop, retain,
and make available to the FDIC value-at-risk and profit and loss
information on sub portfolios for two years. Section 324.206(b)(3)
requires covered FDIC supervised institutions to have policies and
procedures that describe how they determine the period of significant
financial stress used to calculate the institution's stressed value-at-
risk models and to obtain prior FDIC approval for any material changes
to these policies and procedures. Section 324.207(b)(1) details
requirements applicable to a covered FDIC-supervised institution when
the covered FDICsupervised institution uses internal models to measure
the specific risk of certain covered positions. Section 324.208
requires covered FDIC-supervised institutions to obtain prior written
FDIC approval for including equity positions in its incremental risk
modeling. Section 324.209(a) requires prior FDIC approval for the use
of a comprehensive risk measure. Section 324.209(c)(2) requires covered
FDIC-supervised institutions to retain and report the results of
supervisory stress testing. Section 324.210(f)(2)(i) requires covered
FDIC-supervised institutions to document an internal analysis of the
risk characteristics of each securitization position in order to
demonstrate an understanding of the position. Section 324.212 applies
to certain covered FDIC-supervised institutions that are not
subsidiaries of bank holding companies, and requires quarterly
quantitative disclosures, annual qualitative disclosures, and a formal
disclosure policy approved by the board of directors that addresses the
approach for determining the market risk disclosures it makes. The
total estimated annual burden is 428 hours, which is a reduction of
4,032 hours from the 2022 submission. This reduction is due to a change
in agency estimates. The FDIC's estimates significantly lowered because
respondent institutions have generally already received prior approval
for incremental risk modeling and the use of a comprehensive risk
measure for one or more portfolios of correlation trading positions.
Therefore, the agency predicts these respondents will not re-submit
these models for approval, reducing the overall burden hours.
3. Title: Interagency Guidance on Leveraged Lending.
OMB Number: 3064-0191.
Form Number: None.
Affected Public: Insured State nonmember banks and savings
associations.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0191)
----------------------------------------------------------------------------------------------------------------
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)
----------------------------------------------------------------------------------------------------------------
1. Interagency Guidance on Leveraged Recordkeeping (On 1 1 987:00 987
Lending--Implementation, 12 U.S.C. Occasion).
1831p-1 and 12 CFR 364 (Voluntary).
2. Interagency Guidance on Leveraged Recordkeeping (On 3 15.3 529:00 24,334
Lending--Ongoing, 12 U.S.C. 1831p-1 Occasion).
and 12 CFR 364 (Voluntary).
---------------------------------------------------
Total Annual Burden (Hours)..... ...................... ............ .............. .......... 25,321
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Source: FDIC.
General Description of Collection: The Interagency Guidance on
Leveraged Lending (Guidance) outlines for agency-supervised
institutions high-level principles related to safe-and-sound leveraged
lending activities, including underwriting considerations, assessing
and documenting enterprise value, risk management expectations for
credits awaiting distribution, stress testing expectations, pipeline
portfolio management, and risk management expectations for exposures
held by the institution. The total estimated annual burden for this
information collection is 25,321 hours. This represents an increase of
23,805 from the 2023 information collection. The increase is driven by
the change in methodology to estimate the annual number of responses
per respondent based on an analysis of historical data and new data
since the 2023 collection.
[[Page 26587]]
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, on June 17, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-11419 Filed 6-20-25; 8:45 am]
BILLING CODE 6714-01-P
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