Notice2025-16200
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
August 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. 3064-0026 and -0178). The notices of proposed renewal for these information collections were previously published in the Federal Register on June 23, 2025, allowing for a 60-day comment period.
Full Text
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<title>Federal Register, Volume 90 Issue 162 (Monday, August 25, 2025)</title>
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[Federal Register Volume 90, Number 162 (Monday, August 25, 2025)]
[Notices]
[Pages 41392-41395]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-16200]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0026;-0178]
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.
3064-0026 and -0178). The notices of proposed renewal for these
information collections were previously published in the Federal
Register on June 23, 2025, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before September 24, 2025.
[[Page 41393]]
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#20434f4d4d454e545360464449430e474f56"><span class="__cf_email__" data-cfemail="41222e2c2c242f353201272528226f262e37">[email protected]</span></a>. Include the name and number of
the collection in the subject line of the message.
<bullet> Mail: Robert Meiers, Regulatory Attorney, MB-3013, 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 information
collections by selecting ``Currently under 30-day Review--Open for
Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Robert Meiers, Regulatory Attorney,
<a href="/cdn-cgi/l/email-protection#1d4f72707874786f6e5d7b79747e337a726b"><span class="__cf_email__" data-cfemail="386a57555d515d4a4b785e5c515b165f574e">[email protected]</span></a>, MB-3013, 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.
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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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. Transfer Agent Reporting 1 1 01:15 1
Registration, 12 CFR 341.3 (Occasional).
(Mandatory).
2. Transfer Agent Amendment, Reporting 1 1 00:10 0
12 CFR 341.4 (Mandatory). (Occasional).
3. Transfer Agent Reporting 1 1 00:25 0
Deregistration, 12 CFR 341.5 (Occasional).
(Mandatory).
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Total Annual Burden ................ .............. .............. .............. 1
(Hours).
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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)
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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. Prior Approval, 12 CFR Reporting 1 1 128:00 128
324.203(c)(1), 324.203(c)(2), (Annual).
324.204(a)(2)(vi)(B),
324.206(b)(3), 324.208(a),
324.209(a) (Mandatory).
2. Policies and Procedures, 12 Recordkeeping 1 1 112:00 112
CFR 324.203(a)(1), (Annual).
324.203(b)(1), 324.203(b)(2),
324.206(b)(3) (Mandatory).
[[Page 41394]]
3. Trading and Hedging Recordkeeping 1 1 16:00 16
Strategy, 12 CFR (Annual).
324.203(a)(2) (Mandatory).
4. General Recordkeeping, 12 Recordkeeping 1 1 24:00 24
CFR 324.203(f) (Mandatory). (Annual).
5. Back testing, 12 CFR Recordkeeping 1 1 24:00 24
324.205(c) (Mandatory). (Annual).
6. Stress testing, 12 CFR Recordkeeping 1 4 08:00 32
324.209(c)(2) (Mandatory). (Annual).
7. Securitizations, 12 CFR Recordkeeping 1 1 08:00 8
324.210(f)(1) (Mandatory). (Annual).
8. Disclosure Policy, 12 CFR Recordkeeping 1 1 40:00 40
324.212(b) (Mandatory). (Annual).
9. Quantitative Disclosure, 12 Disclosure 1 4 08:00 32
CFR 324.212(c) (Mandatory). (Annual).
10. Qualitative Disclosure, 12 Disclosure 1 1 12:00 12
CFR 324.212(d) (Mandatory). (Annual).
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Total Annual Burden ................ .............. .............. .............. 428
(Hours):.
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Source: FDIC.
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 FDIC-supervised 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.
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
[[Page 41395]]
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 August 21, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-16200 Filed 8-22-25; 8:45 am]
BILLING CODE 6714-01-P
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