Agency Information Collection Activities: Submission for OMB Review; Comment Request Re: Regulatory Capital Rules, 24725-24726 [2014-09934]

Download as PDF Federal Register / Vol. 79, No. 84 / Thursday, May 1, 2014 / Notices Total Annual Burden: 18,000 hours. Total Annual Cost: $600,000. Nature and Extent of Confidentiality: An assurance of confidentiality is not offered because this information collection does not involve the collection of personally identifiable information by the government from individuals. Privacy Impact Assessment: No impacts(s). Needs and Uses: The Commission seeks to extend OMB approval of OMB Control Number 3060–1182 for a period of three years. The interim rules containing these collections, which were adopted in the IP CTS Interim Order, published at 78 FR 8032, February 5, 2013, will remain in effect until the corresponding final rules, adopted by the Commission in the IP CTS Reform Order, published at 78 FR 53684, August 30, 2013, take effect. On December 6, 2013, the United States Court of Appeals for the District of Columbia Circuit granted in part a motion by Sorenson Communications, Inc. (Sorenson) seeking a stay of certain of the final rules. See Sorenson Communications, Inc. and CaptionCall, LLC v. FCC, D.C. Cir., No. 13–1246, December 6, 2013, at 1–2 (Stay Order). Specifically, the Court stayed ‘‘the rule adopted by the Commission prohibiting compensation to providers for minutes of use generated by equipment consumers received from providers for free or for less than $75.’’ For the purpose of maintaining the status quo until the court issues a final ruling in court proceedings No. 13–1246 and consolidated No. 13–1122, the Commission therefore seeks to extend OMB approval of OMB Control Number 3060–1182 for a period of three years. Federal Communications Commission. Marlene H. Dortch, Secretary, Office of the Secretary, Office of Managing Director. [FR Doc. 2014–09936 Filed 4–30–14; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION tkelley on DSK3SPTVN1PROD with NOTICES Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct VerDate Mar<15>2010 17:30 Apr 30, 2014 Jkt 232001 Comments must be submitted on or before June 2, 2014. ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods: • https://www.FDIC.gov/regulations/ laws/federal/notices.html. • Email: comments@fdic.gov. Include the name of the collection in the subject line of the message. • Mail: Leneta G. Gregorie (202–898– 3719), Counsel, Room NYA–5050, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429. • Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the 17th Street Building (located on F Street), on business days between 7:00 a.m. and 5:00 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: Leneta Gregorie, at the FDIC address above. DATES: This notice requests public comment on the FDIC’s request for extension of OMB’s approval of the Regulatory Capital Rules information collection more fully described below. OMB approved the ICR under emergency procedures for review and clearance in accordance with the PRA. The FDIC is not proposing any changes to the existing ICR at this time. A description of the collection and the current burden estimates follows. SUPPLEMENTARY INFORMATION: Agency Information Collection Activities: Submission for OMB Review; Comment Request Re: Regulatory Capital Rules SUMMARY: or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. As part of its continuing effort to reduce paperwork and respondent burden, the FDIC invites the general public and other Federal agencies to take this opportunity to comment on an extension, without change, of an existing information collection. On February 24, 2014 (79 FR 10150), the FDIC requested comment for 60 days on extension for three years of its information collection entitled Regulatory Capital Rules (OMB No. 3064–0153). No comments were received on the proposal to extend. The FDIC hereby gives notice of submission to OMB of its request to extend the collection. PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 24725 Proposal to extend the following currently approved collection of information: Title: Regulatory Capital Rules. OMB Number: 3064–0153. Affected Public: State nonmember banks, state savings associations, and certain subsidiaries of those entities. Estimated Number of Respondents: Advanced approaches—8; Minimum capital ratios—4,571; Standardized approach—4,571. Frequency of Response: Occasional. Estimated Time per Response: Varied. Total Estimated Annual Burden: 737,275 hours. General Description of Collection: This collection comprises the disclosure and recordkeeping requirements associated with minimum capital requirements and overall capital adequacy standards for insured state nonmember banks, state savings associations, and certain subsidiaries of those entities. The capital standards are consistent with agreements reached by the Basel Committee on Banking Supervision (BCBS) in ‘‘Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems,’’ and with section 171 of the Dodd-Frank Act, which requires establishment of minimum risk-based and leverage capital requirements, and with section 939A of the Dodd-Frank Act, which requires the use of alternatives to credit ratings for calculating risk-weighted assets. The data is used by the FDIC to evaluate capital before approving various applications by insured depository institutions, to evaluate capital as an essential component in determining safety and soundness, and to determine whether an institution is subject to prompt corrective action provisions. 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 information collection 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. Dated at Washington, DC, this 28th day of April 2014. E:\FR\FM\01MYN1.SGM 01MYN1 24726 Federal Register / Vol. 79, No. 84 / Thursday, May 1, 2014 / Notices Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2014–09934 Filed 4–30–14; 8:45 am] BILLING CODE 6714–01–P FEDERAL ELECTION COMMISSION Sunshine Act Meeting Federal Election Commission & TIME: Tuesday May 6, 2014 at 10 AGENCY: DATE a.m. PLACE: 999 E Street NW., Washington, DC. This meeting will be closed to the public. ITEMS TO BE DISCUSSED: Compliance matters pursuant to 2 U.S.C. 437g. Matters concerning participation in civil actions or proceedings or arbitration. Internal personnel rules and internal rules and practices. Information the premature disclosure of which would be likely to have a considerable adverse effect on the implementation of a proposed Commission action. * * * * * PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. STATUS: Shelley E. Garr, Deputy Secretary of the Commission. [FR Doc. 2014–10123 Filed 4–29–14; 4:15 pm] BILLING CODE 6715–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2014–N–06] Proposed Collection; Comment Request Federal Housing Finance Agency. ACTION: 30-day Notice of Submission of Information Collection for Approval From the Office of Management and Budget. AGENCY: In accordance with the requirements of the Paperwork Reduction Act of 1995, the Federal Housing Finance Agency (FHFA) is seeking public comments concerning the existing information collection ‘‘Monthly Survey of Rates and Terms on Conventional 1-Family Nonfarm Mortgage Loans,’’ which has been assigned control number 2590–0004 by the Office of Management and Budget (OMB). FHFA intends to submit the information collection to OMB for tkelley on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:30 Apr 30, 2014 Jkt 232001 review and approval of a three-year extension of the control number, which expired on March 31, 2014. DATES: Interested persons may submit comments on or before June 30, 2014. Comments: Submit written comments to the Office of Information and Regulatory Affairs of the Office of Management and Budget, Attention: Desk Officer for the Federal Housing Finance Agency, Washington, DC 20503, Fax: (202) 395–6974, Email address: OIRA_Submission@ omb.eop.gov. Please also submit them to FHFA using any of the following methods: • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. If you submit your comment to the Federal eRulemaking Portal, please also send it by email to FHFA at Regcomments@fhfa.gov to ensure timely receipt by the agency. • Email: Regcomments@fhfa.gov. Please include Proposed Collection; Comment Request: ‘‘Monthly Survey of Rates and Terms on Conventional 1Family Nonfarm Mortgage Loans, (No. 2014–N–06)’’ in the subject line of the message. • Mail/Hand Delivery: Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024, ATTENTION: Public Comments/Proposed Collection; Comment Request: ‘‘Monthly Survey of Rates and Terms on Conventional 1Family Nonfarm Mortgage Loans, (No. 2014–N–06).’’ We will post all public comments we receive without change, including any personal information you provide, such as your name, address, email address, and telephone number, on the FHFA Web site at https://www.fhfa.gov. In addition, copies of all comments received will be available for examination by the public on business days between the hours of 10 a.m. and 3 p.m., at the Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. To make an appointment to inspect comments, please call the Office of General Counsel at 202–649–3804. FOR FURTHER INFORMATION CONTACT: David L. Roderer, Senior Financial Analyst, 202–408–2540 (not a toll-free number), david.l.roderer@fhfa.gov, or by regular mail at the Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024. The telephone number for the Telecommunications Device for the Deaf is 800–877–8339. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 A. Need for and Use of the Information Collection FHFA’s Monthly Survey of Rates and Terms on Conventional 1-Family NonFarm Mortgage Loans, commonly referred to as the ‘‘Monthly Interest Rate Survey’’ or ‘‘MIRS,’’ is a monthly survey of mortgage lenders that solicits information on the terms and conditions on all conventional, single-family, fully amortized, purchase-money mortgage loans closed during the last five working days of the preceding month. The MIRS collects monthly information on interest rates, loan terms, and house prices by property type (i.e., new or previously occupied), by loan type (i.e., fixed- or adjustable-rate), and by lender type (i.e., mortgage companies, savings associations, commercial banks, and savings banks), as well as information on 15-year and 30-year fixed-rate loans. In addition, the survey collects quarterly information on conventional loans by major metropolitan area and by Federal Home Loan Bank district. The MIRS does not collect information on loans insured by the Federal Housing Administration (FHA) or guaranteed by the Veterans Administration (VA), loans secured by multifamily property or manufactured housing, or loans created by refinancing another mortgage. The MIRS is the most comprehensive source of information on conventional mortgage rates and terms in the United States. The MIRS originated with one of FHFA’s predecessor agencies, the former Federal Home Loan Bank Board (FHLBB) in the 1960s. Among other things, the FHLBB used data collected through the MIRS to derive its National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders (ARM Index), which was used by lenders to set mortgage rates on adjustable rate mortgages (ARMs). No statutory or regulatory provision explicitly required the FHLBB to conduct the MIRS. However, for a period in the early 1980s, federally chartered savings institutions were required to use the MIRS-derived ARM Index in setting interest rates on ARMs. Few, if any, loans from that period remain. After 1981, an unknown but likely very small proportion of lenders used the ARM Index to set interest rates on their new ARMs. In 1989, Congress enacted the Financial Institutions Reform Recovery and Enforcement Act (FIRREA), which abolished the FHLBB and created the Federal Housing Finance Board to assume many of the FHLBB’s powers and responsibilities. FIRREA required E:\FR\FM\01MYN1.SGM 01MYN1

Agencies

[Federal Register Volume 79, Number 84 (Thursday, May 1, 2014)]
[Notices]
[Pages 24725-24726]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-09934]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request Re: Regulatory Capital Rules

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct or 
sponsor, and the respondent is not required to respond to, an 
information collection unless it displays a currently valid Office of 
Management and Budget (OMB) control number. As part of its continuing 
effort to reduce paperwork and respondent burden, the FDIC invites the 
general public and other Federal agencies to take this opportunity to 
comment on an extension, without change, of an existing information 
collection. On February 24, 2014 (79 FR 10150), the FDIC requested 
comment for 60 days on extension for three years of its information 
collection entitled Regulatory Capital Rules (OMB No. 3064-0153). No 
comments were received on the proposal to extend. The FDIC hereby gives 
notice of submission to OMB of its request to extend the collection.

DATES: Comments must be submitted on or before June 2, 2014.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     https://www.FDIC.gov/regulations/laws/federal/notices.html.
     Email: comments@fdic.gov. Include the name of the 
collection in the subject line of the message.
     Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room 
NYA-5050, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street Building (located on F Street), 
on business days between 7:00 a.m. and 5:00 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: Leneta Gregorie, at the FDIC address 
above.

SUPPLEMENTARY INFORMATION: This notice requests public comment on the 
FDIC's request for extension of OMB's approval of the Regulatory 
Capital Rules information collection more fully described below. OMB 
approved the ICR under emergency procedures for review and clearance in 
accordance with the PRA. The FDIC is not proposing any changes to the 
existing ICR at this time. A description of the collection and the 
current burden estimates follows.
    Proposal to extend the following currently approved collection of 
information:
    Title: Regulatory Capital Rules.
    OMB Number: 3064-0153.
    Affected Public: State nonmember banks, state savings associations, 
and certain subsidiaries of those entities.
    Estimated Number of Respondents: Advanced approaches--8; Minimum 
capital ratios--4,571; Standardized approach--4,571.
    Frequency of Response: Occasional.
    Estimated Time per Response: Varied.
    Total Estimated Annual Burden: 737,275 hours.
    General Description of Collection: This collection comprises the 
disclosure and recordkeeping requirements associated with minimum 
capital requirements and overall capital adequacy standards for insured 
state nonmember banks, state savings associations, and certain 
subsidiaries of those entities. The capital standards are consistent 
with agreements reached by the Basel Committee on Banking Supervision 
(BCBS) in ``Basel III: A Global Regulatory Framework for More Resilient 
Banks and Banking Systems,'' and with section 171 of the Dodd-Frank 
Act, which requires establishment of minimum risk-based and leverage 
capital requirements, and with section 939A of the Dodd-Frank Act, 
which requires the use of alternatives to credit ratings for 
calculating risk-weighted assets. The data is used by the FDIC to 
evaluate capital before approving various applications by insured 
depository institutions, to evaluate capital as an essential component 
in determining safety and soundness, and to determine whether an 
institution is subject to prompt corrective action provisions.

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 information 
collection 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.

    Dated at Washington, DC, this 28th day of April 2014.


[[Page 24726]]


Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2014-09934 Filed 4-30-14; 8:45 am]
BILLING CODE 6714-01-P
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