Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 59263 [2010-24151]

Download as PDF Federal Register / Vol. 75, No. 186 / Monday, September 27, 2010 / Notices V. What is the Next Step in the Process for this ICR? EPA will consider the comments received and amend the ICR as appropriate. The final ICR package will then be submitted to OMB for review and approval pursuant to 5 CFR 1320.12. EPA will issue another Federal Register notice pursuant to 5 CFR 1320.5(a)(1)(iv) to announce the submission of the ICR to OMB and the opportunity to submit additional comments to OMB. If you have any questions about this ICR or the approval process, please contact the technical person listed under FOR FURTHER INFORMATION CONTACT. List of Subjects Environmental protection, Reporting and recordkeeping requirements. Dated: September 20, 2010. Stephen A. Owens, Assistant Administrator, Office of Chemical Safety and Pollution Prevention. [FR Doc. 2010–24133 Filed 9–24–10; 8:45 am] BILLING CODE 6560–50–S FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewal; Comment Request Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comments concerning the collection of information titled: Interagency Guidance on Sound Incentive Compensation Practices. (3064–0175). DATES: Comments must be submitted on or before November 26, 2010. ADDRESSES: Interested parties are invited to submit written comments. All comments should refer to the name and number of the collection. Comments may be submitted by any of the following methods: • http://www.FDIC.gov/regulations/ laws/federal/notices.html. • E-mail: comments@fdic.gov. • Mail: Gary A. Kuiper (202.898.3877), Federal Deposit srobinson on DSKHWCL6B1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:01 Sep 24, 2010 Jkt 220001 Insurance Corporation, 550 17th Street, NW., F–1086, Washington, DC 20429. • Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the 550 17th Street Building (located on F Street), on business days between 7 a.m. and 5 p.m. 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: Gary A. Kuiper (address above). SUPPLEMENTARY INFORMATION: The FDIC is proposing to renew, without change, the following information collection. Title: Interagency Guidance on Sound Incentive Compensation Practices. OMB Number: 3064–0175. Form Number: None. Frequency of Response: Implementation: Once. Maintenance: Annual. Affected Public: Insured state nonmember banks. Estimated Number of Responses: Implementation: Large Banks: 20. Small Banks: 4870. Maintenance: All Banks: 4890. Estimated Time per Response: Implementation: Large Banks: 480 hours. Small Banks: 80 hours. Maintenance: Large Banks: 40 hours. Small Banks: 40 hours. Total Annual Burden: Large Banks: 20 × 480 + 20 × 40 = 10,400 hours. Small Banks: 4870 × 80 + 4870 × 40 = 389,600 hours. Total: 594,800 hours (399,200 hours for implementing policies and procedures is a one-time burden). General Description of Collection: The Guidance would help ensure that incentive compensation policies at insured state non-member banks do not encourage excessive risk-taking and are consistent with the safety and soundness of the organization. Under the Guidance, banks would be required to: (i) Have policies and procedures that identify and describe the role(s) of the personnel and units authorized to be involved in incentive compensation arrangements, identify the source of significant risk-related inputs, establish appropriate controls governing these inputs to help ensure their integrity, and identify the individual(s) and unit(s) whose approval is necessary for the PO 00000 Frm 00058 Fmt 4703 Sfmt 4703 59263 establishment or modification of incentive compensation arrangements; (ii) create and maintain sufficient documentation to permit an audit of the organization’s processes for incentive compensation arrangements; (iii) have any material exceptions or adjustments to the incentive compensation arrangements established for senior executives approved and documented by its board of directors; and (iv) have its board of directors receive and review, on an annual or more frequent basis, an assessment by management of the effectiveness of the design and operation of the organization’s incentive compensation system in providing risktaking incentives that are consistent with the organization’s safety and soundness. Request for Comment Comments are invited on: (a) Whether this 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 estimate 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 information collection on respondents, including through the use of automated collection techniques or other forms of information technology. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the collection should be modified prior to submission to OMB for review and approval. Comments submitted in response to this notice also will be summarized or included in the FDIC’s request to OMB for renewal of this collection. All comments will become a matter of public record. Dated at Washington, DC, this 22nd day of September, 2010. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2010–24151 Filed 9–24–10; 8:45 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB SUMMARY: E:\FR\FM\27SEN1.SGM 27SEN1

Agencies

[Federal Register Volume 75, Number 186 (Monday, September 27, 2010)]
[Notices]
[Page 59263]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-24151]


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FEDERAL DEPOSIT INSURANCE CORPORATION


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 continuing effort to reduce paperwork 
and respondent burden, invites the general public and other federal 
agencies to take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comments 
concerning the collection of information titled: Interagency Guidance 
on Sound Incentive Compensation Practices. (3064-0175).

DATES: Comments must be submitted on or before November 26, 2010.

ADDRESSES: Interested parties are invited to submit written comments. 
All comments should refer to the name and number of the collection. 
Comments may be submitted by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federal/notices.html.
     E-mail: comments@fdic.gov.
     Mail: Gary A. Kuiper (202.898.3877), Federal Deposit 
Insurance Corporation, 550 17th Street, NW., F-1086, Washington, DC 
20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 550 17th Street Building (located on F 
Street), on business days between 7 a.m. and 5 p.m.
    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: Gary A. Kuiper (address above).

SUPPLEMENTARY INFORMATION: The FDIC is proposing to renew, without 
change, the following information collection.
    Title: Interagency Guidance on Sound Incentive Compensation 
Practices.
    OMB Number: 3064-0175.
    Form Number: None.
    Frequency of Response:

Implementation: Once.
Maintenance: Annual.

    Affected Public: Insured state nonmember banks.
    Estimated Number of Responses:

Implementation:
    Large Banks: 20.
    Small Banks: 4870.
Maintenance:
    All Banks: 4890.

    Estimated Time per Response:

Implementation:
    Large Banks: 480 hours.
    Small Banks: 80 hours.
Maintenance:
    Large Banks: 40 hours.
    Small Banks: 40 hours.
    Total Annual Burden:

Large Banks: 20 x 480 + 20 x 40 = 10,400 hours.
Small Banks: 4870 x 80 + 4870 x 40 = 389,600 hours.
Total: 594,800 hours (399,200 hours for implementing policies and 
procedures is a one-time burden).

    General Description of Collection: The Guidance would help ensure 
that incentive compensation policies at insured state non-member banks 
do not encourage excessive risk-taking and are consistent with the 
safety and soundness of the organization. Under the Guidance, banks 
would be required to: (i) Have policies and procedures that identify 
and describe the role(s) of the personnel and units authorized to be 
involved in incentive compensation arrangements, identify the source of 
significant risk-related inputs, establish appropriate controls 
governing these inputs to help ensure their integrity, and identify the 
individual(s) and unit(s) whose approval is necessary for the 
establishment or modification of incentive compensation arrangements; 
(ii) create and maintain sufficient documentation to permit an audit of 
the organization's processes for incentive compensation arrangements; 
(iii) have any material exceptions or adjustments to the incentive 
compensation arrangements established for senior executives approved 
and documented by its board of directors; and (iv) have its board of 
directors receive and review, on an annual or more frequent basis, an 
assessment by management of the effectiveness of the design and 
operation of the organization's incentive compensation system in 
providing risk-taking incentives that are consistent with the 
organization's safety and soundness.

Request for Comment

    Comments are invited on: (a) Whether this 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 estimate 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 information 
collection on respondents, including through the use of automated 
collection techniques or other forms of information technology.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the 
collection should be modified prior to submission to OMB for review and 
approval. Comments submitted in response to this notice also will be 
summarized or included in the FDIC's request to OMB for renewal of this 
collection. All comments will become a matter of public record.

    Dated at Washington, DC, this 22nd day of September, 2010.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2010-24151 Filed 9-24-10; 8:45 am]
BILLING CODE 6714-01-P