Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0018 & -0137), 3319-3320 [2017-00362]

Download as PDF 3319 Federal Register / Vol. 82, No. 7 / Wednesday, January 11, 2017 / Notices Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. (44 U.S.C. 3501, et seq.). On October 27, 2016, (81 FR 74802), the FDIC requested comment for 60 days on a proposal to renew the information collections described below. No comments were received. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the renewal of these collections, and again invites comment on this renewal. [FR Doc. 2017–00361 Filed 1–10–17; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064–0018 & –0137) 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 the renewal of existing information collections, as required by the Paperwork Reduction Act of 1995 SUMMARY: Comments must be submitted on or before February 10, 2017. DATES: 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 and number of the collection in the subject line of the message. • Mail: Jennifer Jones (202–898– 6768), Counsel, MB–3105, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429. ADDRESSES: • 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: Jennifer Jones, at the FDIC address above. Proposal to renew the following currentlyapproved collections of information: 1. Title: Application Pursuant to Section 19 of the Federal Deposit Insurance Act. OMB Number: 3064–0018. Form Number: FDIC 6710/07. Affected Public: Insured Depository Institutions. SUPPLEMENTARY INFORMATION: BURDEN ESTIMATE Type of burden APPLICATION PURSUANT TO SECTION 19 OF THE FEDERAL DEPOSIT INSURANCE ACT. Estimated number of respondents Reporting ........... Estimated number of responses 75 Estimated time per response 1 Frequency of response 16 Total annual estimated burden (hours) On Occasion ...... 1,200 TOTAL HOURLY BURDEN .... 1,200 General Description of Collection: Section 19 of the Federal Deposit Insurance Act (FDI), 12 U.S.C. Section 1829, requires the FDIC’s consent prior to any participation in the affairs of an insured depository institution by a person who has been convicted of crimes involving dishonesty or breach of trust, and included drug-related convictions. To obtain that consent, an insured depository institution must submit an application to the FDIC for approval on Form FDIC 6710/07. 2. Title: Interagency Guidance on Asset Securitization Activities OMB Number: 3064–0137. Form Number: None. Affected Public: Insured State Nonmember Banks and Savings Associations. BURDEN ESTIMATE sradovich on DSK3GMQ082PROD with NOTICES Type of burden Asset Securitization Policies—New Entrant. Asset Securitization Policies—Upgrades of Policies. Documentation of Fair Value .......... MIS Improvements—New Entrant .. MIS Improvements—Systems Upgrades. Estimated number of respondents Estimated number of responses Estimated time per response Frequency of response Total annual estimated burden (hours) Recordkeeping ... 1 1 32 On Occasion ...... 32 Recordkeeping ... 2 1 3 On Occasion ...... 6 Recordkeeping ... Recordkeeping ... Recordkeeping ... 22 1 2 1 1 1 4 21 5 On Occasion ...... On Occasion ...... On Occasion ...... 88 21 10 TOTAL HOURLY BURDEN .... 157 General Description of Collection: The Interagency Guidance on Asset VerDate Sep<11>2014 19:05 Jan 10, 2017 Jkt 241001 Securitization Activities informs bankers and examiners of safe and PO 00000 Frm 00040 Fmt 4703 Sfmt 4703 sound practices regarding asset securitization. The information E:\FR\FM\11JAN1.SGM 11JAN1 3320 Federal Register / Vol. 82, No. 7 / Wednesday, January 11, 2017 / Notices collections contained in the Interagency Guidance are needed by institutions to manage their asset securitization activities in a safe and sound manner. Bank management uses this information as the basis for the safe and sound operation of their asset securitization activities and to ensure that they minimize operational risk in these activities. 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 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 5th day of January 2017. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. 2017–00362 Filed 1–10–17; 8:45 am] BILLING CODE 6714–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2017–N–01] Proposed Collection; Comment Request Federal Housing Finance Agency. ACTION: 30-day notice of submission of information collection for approval from Office of Management and Budget. AGENCY: In accordance with the requirements of the Paperwork Reduction Act of 1995, the Federal Housing Finance Agency (FHFA or the Agency) is seeking public comments concerning the information collection known as ‘‘Community Support Requirements,’’ which was assigned control number 2590–0005 by the Office of Management and Budget (OMB). FHFA intends to submit the information collection to OMB for review and approval of a reinstatement of the control number, which expired on February 29, 2016, for a period of three years. sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:05 Jan 10, 2017 Jkt 241001 Interested persons may submit comments on or before February 10, 2017. ADDRESSES: Submit 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– 3047, Email: OIRA_submission@ omb.eop.gov. Please also submit comments to FHFA, identified by ‘‘Proposed Collection; Comment Request: ‘Community Support Requirements, (No. 2017–N–01)’ ’’ by any of the following methods: • Agency Web site: www.fhfa.gov/ open-for-comment-or-input. • 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. • Courier/Hand Delivery, U.S. Mail, United Parcel Service, Federal Express, or Other Mail Service: The mailing address for comments is: Alfred M. Pollard, General Counsel, Federal Housing Finance Agency, 400 Seventh Street SW., Eighth Floor, Washington, DC 20219. Courier/Hand Delivery packages must be delivered on business days between 9 a.m. and 5 p.m. We will post all public comments we receive without change, including any personal information you provide, such as your name and 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 20219. To make an appointment to inspect comments, please call the Office of General Counsel at (202) 649–3804. FOR FURTHER INFORMATION CONTACT: Deattra D. Perkins, Senior Policy Analyst, Division of Housing Mission & Goals, Deattra.Perkins@fhfa.gov, (202) 649–3133; or Sylvia C. Martinez, Manager, Federal Home Loan Bank Housing and Community Investment Programs, Division of Housing Mission & Goals, Sylvia.Martinez@fhfa.gov, (202) 649–3301 (these are not toll-free numbers); Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20219. The Telecommunications Device for the Hearing Impaired is (800) 877–8339. SUPPLEMENTARY INFORMATION: DATES: PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 A. Background The Federal Home Loan Bank System consists of eleven regional Federal Home Loan Banks (Banks) and the Office of Finance (a joint office of the Banks that issues and services their debt securities). The Banks are wholesale financial institutions, organized under authority of the Federal Home Loan Bank Act (Bank Act) to serve the public interest by enhancing the availability of residential housing finance and community lending credit through their member institutions and, to a limited extent, through eligible non-member ‘‘housing associates.’’ 1 Each Bank is structured as a regional cooperative that is owned and controlled by member financial institutions located within its district, which are also its primary customers. Section 10(g)(1) of the Bank Act requires the Director of FHFA to promulgate regulations establishing standards of community investment or service that Bank member institutions must meet in order to maintain access to long-term advances (i.e., loans with a maturity of five years or greater made by a Bank to a member).2 Section 10(g)(2) of the Bank Act requires that, in establishing these community support requirements for Bank members, FHFA take into account factors such as the member’s performance under the Community Reinvestment Act of 1977 (CRA)3 and record of lending to firsttime homebuyers.4 FHFA’s community support regulation, which establishes standards and review criteria for determining compliance with section 10(g) of the Bank Act, is set forth at 12 CFR part 1290. Part 1290 requires that each Bank member submit to FHFA biennially a completed Community Support Statement (Form 060), which contains several short questions the answers to which are used by FHFA to assess the responding member’s compliance with the community support standards.5 Previously, this was accomplished by requiring approximately one-eighth of all members to submit a completed Form in each calendar quarter of a twoyear review cycle. Under new streamlined procedures that FHFA is in the process of implementing, all members subject to community support review will be required to submit a 1 Certain non-member entities are permitted by statute to engage in limited business activities with a Bank. See 12 U.S.C. 1430b. FHFA’s regulations refer to these entities as ‘‘housing associates.’’ See 12 CFR part 1264. 2 See 12 U.S.C. 1430(g)(1). 3 12 U.S.C. 2901 et seq. 4 See 12 U.S.C. 1430(g)(2). 5 See 12 CFR 1290.2(b). E:\FR\FM\11JAN1.SGM 11JAN1

Agencies

FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 82, Number 7 (Wednesday, January 11, 2017)]
[Notices]
[Pages 3319-3320]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-00362]

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

FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Submission for OMB
Review; Comment Request (3064-0018 & -0137)

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 comment on the renewal of existing
information collections, as required by the Paperwork Reduction Act of
1995 (44 U.S.C. 3501, et seq.). On October 27, 2016, (81 FR 74802), the
FDIC requested comment for 60 days on a proposal to renew the
information collections described below. No comments were received. The
FDIC hereby gives notice of its plan to submit to OMB a request to
approve the renewal of these collections, and again invites comment on
this renewal.

DATES: Comments must be submitted on or before February 10, 2017.

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 and number of
the collection in the subject line of the message.
Mail: Jennifer Jones (202-898-6768), 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: Jennifer Jones, at the FDIC address
above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently-
approved collections of information:
1. Title: Application Pursuant to Section 19 of the Federal Deposit
Insurance Act.
OMB Number: 3064-0018.
Form Number: FDIC 6710/07.
Affected Public: Insured Depository Institutions.

Burden Estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Estimated Estimated Total annual
Type of burden number of number of time per Frequency of response estimated
respondents responses response burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
APPLICATION PURSUANT TO SECTION 19 OF Reporting............... 75 1 16 On Occasion............ 1,200
THE FEDERAL DEPOSIT INSURANCE ACT.
rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
TOTAL HOURLY BURDEN.............. 1,200
--------------------------------------------------------------------------------------------------------------------------------------------------------

General Description of Collection: Section 19 of the Federal
Deposit Insurance Act (FDI), 12 U.S.C. Section 1829, requires the
FDIC's consent prior to any participation in the affairs of an insured
depository institution by a person who has been convicted of crimes
involving dishonesty or breach of trust, and included drug-related
convictions. To obtain that consent, an insured depository institution
must submit an application to the FDIC for approval on Form FDIC 6710/
07.
2. Title: Interagency Guidance on Asset Securitization Activities
OMB Number: 3064-0137.
Form Number: None.
Affected Public: Insured State Nonmember Banks and Savings
Associations.

Burden Estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Estimated Estimated Total annual
Type of burden number of number of time per Frequency of response estimated
respondents responses response burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Asset Securitization Policies--New Recordkeeping........... 1 1 32 On Occasion............ 32
Entrant.
Asset Securitization Policies-- Recordkeeping........... 2 1 3 On Occasion............ 6
Upgrades of Policies.
Documentation of Fair Value.......... Recordkeeping........... 22 1 4 On Occasion............ 88
MIS Improvements--New Entrant........ Recordkeeping........... 1 1 21 On Occasion............ 21
MIS Improvements--Systems Upgrades... Recordkeeping........... 2 1 5 On Occasion............ 10
rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
TOTAL HOURLY BURDEN.............. 157
--------------------------------------------------------------------------------------------------------------------------------------------------------

General Description of Collection: The Interagency Guidance on
Asset Securitization Activities informs bankers and examiners of safe
and sound practices regarding asset securitization. The information

[[Page 3320]]

collections contained in the Interagency Guidance are needed by
institutions to manage their asset securitization activities in a safe
and sound manner. Bank management uses this information as the basis
for the safe and sound operation of their asset securitization
activities and to ensure that they minimize operational risk in these
activities.

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 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 5th day of January 2017.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017-00362 Filed 1-10-17; 8:45 am]
BILLING CODE 6714-01-P

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