Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0001, -0174, -0188 & -0191), 19971-19974 [2016-07819]
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Federal Register / Vol. 81, No. 66 / Wednesday, April 6, 2016 / Notices
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Federal Communications Commission.
Marlene H. Dortch,
Secretary.
[FR Doc. 2016–07846 Filed 4–5–16; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
asabaliauskas on DSK3SPTVN1PROD with NOTICES
Notice of Termination: 10342 Sunshine
State Community Bank, Port Orange,
Florida
The Federal Deposit Insurance
Corporation (FDIC), as Receiver for
10342, Sunshine State Community
Bank, Port Orange, Florida (Receiver)
has been authorized to take all actions
necessary to terminate the receivership
estate of Sunshine State Community
Bank (Receivership Estate); the Receiver
has made all dividend distributions
required by law.
The Receiver has further irrevocably
authorized and appointed FDICCorporate as its attorney-in-fact to
execute and file any and all documents
that may be required to be executed by
the Receiver which FDIC-Corporate, in
its sole discretion, deems necessary;
including but not limited to releases,
discharges, satisfactions, endorsements,
assignments and deeds.
Effective April 1, 2016, the
Receivership Estate has been
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17:54 Apr 05, 2016
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terminated, the Receiver discharged,
and the Receivership Estate has ceased
to exist as a legal entity.
Dated: April 1, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–07861 Filed 4–5–16; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice to All Interested Parties of the
Termination of the Receivership of
10084, First Piedmont Bank; Winder,
Georgia
Notice is hereby given that the Federal
Deposit Insurance Corporation (‘‘FDIC’’)
as Receiver for First Piedmont Bank,
Winder, Georgia (‘‘the Receiver’’)
intends to terminate its receivership for
said institution. The FDIC was
appointed receiver of First Piedmont
Bank on July 17, 2009. The liquidation
of the receivership assets has been
completed. To the extent permitted by
available funds and in accordance with
law, the Receiver will be making a final
dividend payment to proven creditors.
Based upon the foregoing, the
Receiver has determined that the
continued existence of the receivership
will serve no useful purpose.
Consequently, notice is given that the
receivership shall be terminated, to be
effective no sooner than thirty days after
the date of this Notice. If any person
wishes to comment concerning the
termination of the receivership, such
comment must be made in writing and
sent within thirty days of the date of
this Notice to: Federal Deposit
Insurance Corporation, Division of
Resolutions and Receiverships,
Attention: Receivership Oversight
Department 32.1, 1601 Bryan Street,
Dallas, TX 75201.
No comments concerning the
termination of this receivership will be
considered which are not sent within
this time frame.
Dated: April 1, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–07859 Filed 4–5–16; 8:45 am]
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FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice to All Interested Parties of the
Termination of the Receivership of
10259, Metro Bank of Dade County;
Miami, Florida
Notice is hereby given that the Federal
Deposit Insurance Corporation (‘‘FDIC’’)
as Receiver for Metro Bank of Dade
County, Miami, Florida (‘‘the Receiver’’)
intends to terminate its receivership for
said institution. The FDIC was
appointed receiver of Metro Bank of
Dade County on July 16, 2010. The
liquidation of the receivership assets
has been completed. To the extent
permitted by available funds and in
accordance with law, the Receiver will
be making a final dividend payment to
proven creditors.
Based upon the foregoing, the
Receiver has determined that the
continued existence of the receivership
will serve no useful purpose.
Consequently, notice is given that the
receivership shall be terminated, to be
effective no sooner than thirty days after
the date of this Notice. If any person
wishes to comment concerning the
termination of the receivership, such
comment must be made in writing and
sent within thirty days of the date of
this Notice to: Federal Deposit
Insurance Corporation, Division of
Resolutions and Receiverships,
Attention: Receivership Oversight
Department 32.1, 1601 Bryan Street,
Dallas, TX 75201.
No comments concerning the
termination of this receivership will be
considered which are not sent within
this time frame.
Dated: April 1, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–07860 Filed 4–5–16; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewals; Comment Request (3064–
0001, –0174, –0188 & –0191)
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
SUMMARY:
BILLING CODE 6714–01–P
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Federal Register / Vol. 81, No. 66 / Wednesday, April 6, 2016 / Notices
comment on the renewal of existing
information collections, as required by
the Paperwork Reduction Act of 1995.
Currently, the FDIC is soliciting
comment on the renewal of the
information collections described
below.
DATES: Comments must be submitted on
or before June 6, 2016.
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/.
• Email: comments@fdic.gov. Include
the name and number of the collection
in the subject line of the message.
• Mail: Gary A. Kuiper
(202.898.3877), Counsel, MB–3016 or
Manny Cabeza (202.898.3767), Counsel
MB–3105, 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: Gary
Kuiper or Manny Cabeza, at the FDIC
address above.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently-approved collections of
information:
1. Title: Charter and Federal Deposit
Insurance Application.
OMB Number: 3064–0001.
Affected Public: Banks or savings
associations wishing to become FDICinsured depository institutions.
Frequency of Response: On occasion.
Annual Number of Respondents: 143.
Estimated Time per Response: 125
hours.
Total Annual Burden: 17,875 hours.
General Description: The Federal
Deposit Insurance Act requires financial
institutions to apply to the FDIC to
obtain deposit insurance. This
collection provides FDIC with the
information needed to evaluate the
applications.
2. Title: Interagency Guidance on
Funding and Liquidity Risk
Management.
OMB Number: 3064–0174.
Affected Public: Insured state
nonmember banks and state savings
associations.
Frequency of Response: Occasionally.
(Paragraph 14); Quarterly (Paragraph
20).
Estimated Number of Respondents:
3,947.
Burden Estimate:
Number of
respondents
Average hours
per response
Responses
per year
Total hours
Paragraph 14 (Record Keeping) .....................................................................
Large Institutions (over $20 billion in assets) ...........................................
Mid-size Institutions ($1 to $20 billion in assets) .....................................
Small Institutions (less than $1 billion in assets) .....................................
Paragraph 14 Subtotal .....................................................................................
Paragraph 20 (Reporting) ................................................................................
All supervised institutions .........................................................................
........................
19
329
3,599
3,947
........................
3,947
........................
720
240
80
........................
........................
4
........................
1
1
1
........................
........................
12
........................
13,680
78,960
287,920
380,560
........................
189,456
Total Burden Hours ...........................................................................
........................
........................
........................
570,016
General Description: The information
collection includes reporting and
recordkeeping requirements related to
sound risk management principles
applicable to insured depository
institutions. To enable an institution
and its supervisor to evaluate the
liquidity risk exposure of an
institution’s individual business lines
and for the institution as a whole, the
guidance summarizes principles of
sound liquidity risk management and
advocates the establishment of policies
and procedures that consider liquidity
costs, benefits, and risks in strategic
planning. In addition, the guidance
encourages the use of liquidity risk
reports that provide detailed and
aggregate information on items such as
cash flow gaps, cash flow projections,
assumptions used in cash flow
projections, asset and funding
concentrations, funding availability, and
early warning or risk indicators. This is
intended to enable management to
assess an institution’s sensitivity to
Number of
respondents
asabaliauskas on DSK3SPTVN1PROD with NOTICES
Review and Provide Copy of Full Interior Appraisal (reporting burden)
Non-automated responders ......................................................................
Automated responders .............................................................................
changes in market conditions, the
institution’s financial performance, and
other important risk factors.
3. Title: Appraisals for Higher-Priced
Mortgage Loans.
OMB Number: 3064–0188.
Affected Public: Insured state
nonmember banks and state savings
associations.
Frequency of Response: Occasionally.
Estimated Number of Respondents:
2,428.
Burden Estimate:
Number of
responses
Hours per
response
Total burden
hours
809
1,619
13
13
.25
.08
2,629
1,684
Subtotal .............................................................................................
Investigate and Verify Requirement for Second Appraisal (recordkeeping
burden)
Non-automated responders ......................................................................
Automated responders .............................................................................
2,428
........................
........................
4,313
809
1,619
8
8
.25
.08
1,618
1,036
Subtotal .............................................................................................
Conduct and Provide Second Appraisal (reporting burden)
Non-automated responders ......................................................................
2,428
........................
........................
2,654
809
1
.25
202
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Federal Register / Vol. 81, No. 66 / Wednesday, April 6, 2016 / Notices
Number of
respondents
Number of
responses
Hours per
response
Total burden
hours
Automated responders .............................................................................
1,619
1
.08
129
Subtotal .............................................................................................
2,428
........................
........................
331
Total Annual Burden ..................................................................
........................
........................
........................
7,298
General Description: Section 1471 of
the Dodd-Frank Act established a new
Truth in Lending (TILA) section 129H,
which contains appraisal requirements
applicable to higher-risk mortgages and
prohibits a creditor from extending
credit in the form of a higher-risk
mortgage loan to any consumer without
meeting those requirements. A higherrisk mortgage is defined as a residential
mortgage loan secured by a principal
dwelling with an annual percentage rate
(APR) that exceeds the average prime
offer rate (APOR) for a comparable
transaction as of the date the interest
rate is set by certain enumerated
percentage point spreads. Additionally,
12 CFR part 1026 allows a creditor to
make a higher-risk mortgage loan only if
certain conditions are met. The creditor
must obtain a written appraisal
performed by a certified or licensed
appraiser who must conduct a physical
property visit of the interior of the
property. At application, the applicant
must be provided with a statement
regarding the purpose of the appraisal;
a notice that that the creditor will
provide the applicant a copy of any
written appraisal; and notice that that
the applicant may choose to have a
separate appraisal conducted at the
expense of the applicant. The creditor
must also provide the consumer with a
free copy of any written appraisals
obtained for the transaction at least
three business days before closing.
The rule also requires a higher-risk
mortgage loan creditor to obtain an
additional written appraisal, from a
different licensed or certified appraiser,
at no cost to the borrower, if: The
higher-risk mortgage loan will finance
the acquisition of the consumer’s
principal dwelling; the seller acquired
the home within 180 days of signing the
agreement to sell the property; and the
consumer is purchasing the home for a
higher price than the seller paid.
The additional written appraisal
generally must include the following
information: (1) An analysis of the
difference in sale prices (i.e., the sale
Estimated
annual frequency
Number of
respondents
Implementation Burden
Recordkeeping burden ..............................................................................
price paid by the seller and the
acquisition price of the property as set
forth in the consumer’s purchase
agreement); (2) Changes in market
conditions; and (3) Any improvements
made to the property between the date
of the previous sale and the current sale.
The information collection
requirements are needed to protect
consumers and promote the safety and
soundness of creditors making higherrisk mortgage loans. This information is
used by creditors to evaluate real estate
collateral in higher-risk mortgage loan
transactions and by consumers entering
these transactions.
4. Title: Interagency Guidance on
Leveraged Lending.
OMB Number: 3064–0191.
Affected Public: Insured state
nonmember banks and state savings
associations.
Frequency of Response: Occasionally.
Estimated Number of Respondents:
10.
Burden Estimate:
Estimated average hours
per response
Estimated total
annual burden
hours
1
986.7
986.7
Total Implementation Burden .............................................................
Ongoing Burden
Recordkeeping burden ..............................................................................
........................
........................
........................
986.7
9
1
529.3
4,763.7
Total Ongoing Burden ........................................................................
........................
........................
........................
4,763.7
Total PRA Burden ..............................................................................
asabaliauskas on DSK3SPTVN1PROD with NOTICES
1
........................
........................
........................
5,750.4
General Description: The Guidance
describes expectations for the sound
risk management of leveraged lending
activities, including the importance for
institutions to develop and maintain: (a)
Transactions structured to reflect a
sound business premise, an appropriate
capital structure, and reasonable cash
flow and balance sheet leverage; (b) A
definition of leveraged lending that
facilitates consistent application across
all business lines; (c) Well-defined
underwriting standards; (d) A credit
limit and concentration framework
consistent with the institution’s risk
appetite; (e) Sound MIS that enable
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management to identify, aggregate, and
monitor leveraged exposures and
comply with policy across all business
lines; (f) Strong pipeline management
policies and procedures; and (g)
Guidelines for conducting periodic
portfolio and pipeline stress tests to
quantify the potential impact of
economic and market conditions on the
institution’s asset quality, earnings,
liquidity, and capital.
The guidance outlines high-level
principles related to safe and sound
leveraged lending activities, including
underwriting considerations, assessing
and documenting enterprise value, risk
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management expectations for credits
awaiting distribution, stress testing
expectations and portfolio management,
and risk management expectations, all
of which will be reviewed during
supervisory examinations to assess how
well the financial institution is
managing its risk. Banks will not be
submitting documentation to the FDIC.
Rather, FDIC examiners will review this
documentation during examinations to
assess a bank’s management of its risk.
Request for Comment
Comments are invited on: (a) Whether
the collections of information are
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Federal Register / Vol. 81, No. 66 / Wednesday, April 6, 2016 / Notices
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 collections of information,
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.
Dated at Washington, DC, this 31st day of
March 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–07819 Filed 4–5–16; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL MARITIME COMMISSION
asabaliauskas on DSK3SPTVN1PROD with NOTICES
Notice of Agreements Filed
The Commission hereby gives notice
of the filing of the following agreements
under the Shipping Act of 1984.
Interested parties may submit comments
on the agreements to the Secretary,
Federal Maritime Commission,
Washington, DC 20573, within twelve
days of the date this notice appears in
the Federal Register. Copies of the
agreements are available through the
Commission’s Web site (www.fmc.gov)
or by contacting the Office of
Agreements at (202)–523–5793 or
tradeanalysis@fmc.gov.
Agreement No.: 010071–044.
Title: Cruise Lines International
Association Agreement.
Parties: Acromas Shipping, Ltd./Saga
Shipping; Aida Cruises; AMA
Waterways; American Cruise Lines, Inc.;
Aqua Expeditions Pte. Ltd.; Australian
Pacific Touring Pty Ltd.; Avalon
Waterways; Azamara Cruises; Carnival
Cruise Lines; CDF Croisieres de France;
Celebrity Cruises, Inc.; Celestyal
Cruises; Costa Cruise Lines; Compagnie
Du Ponant; Croisieurope; Cruise &
Maritime Voyages; Crystal Cruises;
Cunard Line; Disney Cruise Line;
Emerald Waterways; Evergreen Tours;
Fred.Olsen Cruise Lines Ltd.; HapagLloyd Kreuzfahrten Gmbh; Hebridean
Island Cruises; Holland America Line;
Hurtigruten, Inc.; Island Cruises;
Lindblad Expeditions Pty Ltd.; Luftner
Cruises; Mekong Waterways; MSC
Cruises; NCL Corporation; Oceania
Cruises; P & O Cruises; P & O Cruises
Australia; Paul Gauguin Cruises; Pearl
VerDate Sep<11>2014
17:54 Apr 05, 2016
Jkt 238001
Seas Cruises; Phoenix Reisen Gmbh;
Princess Cruises; Pullmantur Cruises
Ship Management Ltd.; Regent Seven
Seas Cruises; Riviera Tours Ltd.; Royal
Caribbean International; Scenic Tours
UK Ltd.; Seabourn Cruise Line;
SeaDream Yacht Club; Shearings
Holidays Ltd.; Silversea Cruises, Ltd.;
Star Cruises (HK) Limited; St. Helena
Line/Andrew Weir Shipping Ltd.; Swan
Hellenic; Tauck River Cruising; The
River Cruise Line; Thomson Cruises;
Travelmarvel; Tui Cruises Gmbh; UnCruises Adventures; Uniworld River
Cruises, Inc.; Venice Simplon-OrientExpress Ltd./Belmond; Voyages of
Discovery; Voyages to Antiquity (UK)
Ltd.; and Windstar Cruises.
Filing Party: Andre Picciurro, Esq.
Kaye, Rose & Partners, LLP; Emerald
Plaza, 402 West Broadway, Suite 1300;
San Diego, CA 92101–3542
Synopsis: The amendment would add
language to clarify that the agreement
can represent its members before federal
and state judiciaries.
Agreement No.: 011223–052.
Title: Transpacific Stabilization
Agreement.
Parties: American President Lines,
Ltd. and APL Co. PTE Ltd.; (operating
as a single carrier); Maersk Line A/S;
CMA CGM, S.A.; COSCO Container
Lines Company Ltd; Evergreen Line
Joint Service Agreement; Hanjin
Shipping Co., Ltd.; Hapag-Lloyd AG;
Hyundai Merchant Marine Co., Ltd.;
Kawasaki Kisen Kaisha Ltd.; MSC
Mediterranean Shipping Company S.A.;
Nippon Yusen Kaisha; Orient Overseas
Container Line Limited; Yangming
Marine Transport Corp.; and Zim
Integrated Shipping Services, Ltd.
Filing Party: David F. Smith, Esq.;
Cozen O’Conner; 1200 Nineteenth Street
NW.; Washington, DC 20036.
Synopsis: The amendment deletes
China Shipping Container Lines (Hong
Kong) Company Limited and China
Shipping Container Lines Company
Limited as parties to the agreement.
Agreement No.: 012288–002.
Title: Hoegh/NYK Atlantic/Pacific
Space Charter Agreement.
Parties: Hoegh Autoliners AS and
Nippon Yusen Kaisha.
Filing Party: Wayne Rohde, Esq.;
Cozen O’Connor; 1200 Nineteenth St.
NW.; Washington, DC 20006.
Synopsis: The amendment adds the
trades between the U.S. West Coast, on
the one hand, and Thailand, Taiwan,
Indonesia, Malaysia, Brunei,
Philippines, Bangladesh, Vietnam, Sri
Lanka, Myanmar, Singapore, Australia
and New Zealand on the other hand, to
the geographic scope of the agreement.
By Order of the Federal Maritime
Commission.
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Dated: April 1, 2016.
Karen V. Gregory,
Secretary.
[FR Doc. 2016–07890 Filed 4–5–16; 8:45 am]
BILLING CODE 6731–AA–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Disease Control and
Prevention
[30Day-16–0469]
Agency Forms Undergoing Paperwork
Reduction Act Review
The Centers for Disease Control and
Prevention (CDC) has submitted the
following information collection request
to the Office of Management and Budget
(OMB) for review and approval in
accordance with the Paperwork
Reduction Act of 1995. The notice for
the proposed information collection is
published to obtain comments from the
public and affected agencies.
Written comments and suggestions
from the public and affected agencies
concerning the proposed collection of
information are encouraged. Your
comments should address any of the
following: (a) Evaluate whether the
proposed collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information will have
practical utility; (b) Evaluate the
accuracy of the agencies estimate of the
burden of the proposed collection of
information, including the validity of
the methodology and assumptions used;
(c) Enhance the quality, utility, and
clarity of the information to be
collected; (d) Minimize the burden of
the collection of information on those
who are to respond, including through
the use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses; and (e) Assess information
collection costs.
To request additional information on
the proposed project or to obtain a copy
of the information collection plan and
instruments, call (404) 639–7570 or
send an email to omb@cdc.gov. Written
comments and/or suggestions regarding
the items contained in this notice
should be directed to the Attention:
CDC Desk Officer, Office of Management
and Budget, Washington, DC 20503 or
by fax to (202) 395–5806. Written
comments should be received within 30
days of this notice.
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[Federal Register Volume 81, Number 66 (Wednesday, April 6, 2016)]
[Notices]
[Pages 19971-19974]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-07819]
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewals; Comment Request (3064-0001, -0174, -0188 & -0191)
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
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
[[Page 19972]]
comment on the renewal of existing information collections, as required
by the Paperwork Reduction Act of 1995. Currently, the FDIC is
soliciting comment on the renewal of the information collections
described below.
DATES: Comments must be submitted on or before June 6, 2016.
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/.
Email: comments@fdic.gov. Include the name and number of
the collection in the subject line of the message.
Mail: Gary A. Kuiper (202.898.3877), Counsel, MB-3016 or
Manny Cabeza (202.898.3767), Counsel MB-3105, 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: Gary Kuiper or Manny Cabeza, at the
FDIC address above.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently-approved collections of
information:
1. Title: Charter and Federal Deposit Insurance Application.
OMB Number: 3064-0001.
Affected Public: Banks or savings associations wishing to become
FDIC-insured depository institutions.
Frequency of Response: On occasion.
Annual Number of Respondents: 143.
Estimated Time per Response: 125 hours.
Total Annual Burden: 17,875 hours.
General Description: The Federal Deposit Insurance Act requires
financial institutions to apply to the FDIC to obtain deposit
insurance. This collection provides FDIC with the information needed to
evaluate the applications.
2. Title: Interagency Guidance on Funding and Liquidity Risk
Management.
OMB Number: 3064-0174.
Affected Public: Insured state nonmember banks and state savings
associations.
Frequency of Response: Occasionally. (Paragraph 14); Quarterly
(Paragraph 20).
Estimated Number of Respondents: 3,947.
Burden Estimate:
----------------------------------------------------------------------------------------------------------------
Number of Average hours Responses per
respondents per response year Total hours
----------------------------------------------------------------------------------------------------------------
Paragraph 14 (Record Keeping)................... .............. .............. .............. ..............
Large Institutions (over $20 billion in 19 720 1 13,680
assets)....................................
Mid-size Institutions ($1 to $20 billion in 329 240 1 78,960
assets)....................................
Small Institutions (less than $1 billion in 3,599 80 1 287,920
assets)....................................
Paragraph 14 Subtotal........................... 3,947 .............. .............. 380,560
Paragraph 20 (Reporting)........................ .............. .............. .............. ..............
All supervised institutions................. 3,947 4 12 189,456
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Total Burden Hours...................... .............. .............. .............. 570,016
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General Description: The information collection includes reporting
and recordkeeping requirements related to sound risk management
principles applicable to insured depository institutions. To enable an
institution and its supervisor to evaluate the liquidity risk exposure
of an institution's individual business lines and for the institution
as a whole, the guidance summarizes principles of sound liquidity risk
management and advocates the establishment of policies and procedures
that consider liquidity costs, benefits, and risks in strategic
planning. In addition, the guidance encourages the use of liquidity
risk reports that provide detailed and aggregate information on items
such as cash flow gaps, cash flow projections, assumptions used in cash
flow projections, asset and funding concentrations, funding
availability, and early warning or risk indicators. This is intended to
enable management to assess an institution's sensitivity to changes in
market conditions, the institution's financial performance, and other
important risk factors.
3. Title: Appraisals for Higher-Priced Mortgage Loans.
OMB Number: 3064-0188.
Affected Public: Insured state nonmember banks and state savings
associations.
Frequency of Response: Occasionally.
Estimated Number of Respondents: 2,428.
Burden Estimate:
----------------------------------------------------------------------------------------------------------------
Number of Number of Hours per Total burden
respondents responses response hours
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Review and Provide Copy of Full Interior
Appraisal (reporting burden)
Non-automated responders.................... 809 13 .25 2,629
Automated responders........................ 1,619 13 .08 1,684
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Subtotal................................ 2,428 .............. .............. 4,313
Investigate and Verify Requirement for Second
Appraisal (recordkeeping burden)
Non-automated responders.................... 809 8 .25 1,618
Automated responders........................ 1,619 8 .08 1,036
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Subtotal................................ 2,428 .............. .............. 2,654
Conduct and Provide Second Appraisal (reporting
burden)
Non-automated responders.................... 809 1 .25 202
[[Page 19973]]
Automated responders........................ 1,619 1 .08 129
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Subtotal................................ 2,428 .............. .............. 331
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Total Annual Burden................. .............. .............. .............. 7,298
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General Description: Section 1471 of the Dodd-Frank Act established
a new Truth in Lending (TILA) section 129H, which contains appraisal
requirements applicable to higher-risk mortgages and prohibits a
creditor from extending credit in the form of a higher-risk mortgage
loan to any consumer without meeting those requirements. A higher-risk
mortgage is defined as a residential mortgage loan secured by a
principal dwelling with an annual percentage rate (APR) that exceeds
the average prime offer rate (APOR) for a comparable transaction as of
the date the interest rate is set by certain enumerated percentage
point spreads. Additionally, 12 CFR part 1026 allows a creditor to make
a higher-risk mortgage loan only if certain conditions are met. The
creditor must obtain a written appraisal performed by a certified or
licensed appraiser who must conduct a physical property visit of the
interior of the property. At application, the applicant must be
provided with a statement regarding the purpose of the appraisal; a
notice that that the creditor will provide the applicant a copy of any
written appraisal; and notice that that the applicant may choose to
have a separate appraisal conducted at the expense of the applicant.
The creditor must also provide the consumer with a free copy of any
written appraisals obtained for the transaction at least three business
days before closing.
The rule also requires a higher-risk mortgage loan creditor to
obtain an additional written appraisal, from a different licensed or
certified appraiser, at no cost to the borrower, if: The higher-risk
mortgage loan will finance the acquisition of the consumer's principal
dwelling; the seller acquired the home within 180 days of signing the
agreement to sell the property; and the consumer is purchasing the home
for a higher price than the seller paid.
The additional written appraisal generally must include the
following information: (1) An analysis of the difference in sale prices
(i.e., the sale price paid by the seller and the acquisition price of
the property as set forth in the consumer's purchase agreement); (2)
Changes in market conditions; and (3) Any improvements made to the
property between the date of the previous sale and the current sale.
The information collection requirements are needed to protect
consumers and promote the safety and soundness of creditors making
higher-risk mortgage loans. This information is used by creditors to
evaluate real estate collateral in higher-risk mortgage loan
transactions and by consumers entering these transactions.
4. Title: Interagency Guidance on Leveraged Lending.
OMB Number: 3064-0191.
Affected Public: Insured state nonmember banks and state savings
associations.
Frequency of Response: Occasionally.
Estimated Number of Respondents: 10.
Burden Estimate:
----------------------------------------------------------------------------------------------------------------
Estimated Estimated Estimated
Number of annual average hours total annual
respondents frequency per response burden hours
----------------------------------------------------------------------------------------------------------------
Implementation Burden
Recordkeeping burden........................ 1 1 986.7 986.7
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Total Implementation Burden............. .............. .............. .............. 986.7
Ongoing Burden
Recordkeeping burden........................ 9 1 529.3 4,763.7
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Total Ongoing Burden.................... .............. .............. .............. 4,763.7
---------------------------------------------------------------
Total PRA Burden........................ .............. .............. .............. 5,750.4
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General Description: The Guidance describes expectations for the
sound risk management of leveraged lending activities, including the
importance for institutions to develop and maintain: (a) Transactions
structured to reflect a sound business premise, an appropriate capital
structure, and reasonable cash flow and balance sheet leverage; (b) A
definition of leveraged lending that facilitates consistent application
across all business lines; (c) Well-defined underwriting standards; (d)
A credit limit and concentration framework consistent with the
institution's risk appetite; (e) Sound MIS that enable management to
identify, aggregate, and monitor leveraged exposures and comply with
policy across all business lines; (f) Strong pipeline management
policies and procedures; and (g) Guidelines for conducting periodic
portfolio and pipeline stress tests to quantify the potential impact of
economic and market conditions on the institution's asset quality,
earnings, liquidity, and capital.
The guidance outlines 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 and portfolio management, and risk management
expectations, all of which will be reviewed during supervisory
examinations to assess how well the financial institution is managing
its risk. Banks will not be submitting documentation to the FDIC.
Rather, FDIC examiners will review this documentation during
examinations to assess a bank's management of its risk.
Request for Comment
Comments are invited on: (a) Whether the collections of information
are
[[Page 19974]]
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 collections of information, 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.
Dated at Washington, DC, this 31st day of March 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-07819 Filed 4-5-16; 8:45 am]
BILLING CODE 6714-01-P
