Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0112, -0125, -0127 & -0175), 10008-10010 [2017-02635]
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10008
Federal Register / Vol. 82, No. 26 / Thursday, February 9, 2017 / Notices
INSTITUTIONS IN LIQUIDATION
FDIC Ref. No.
Bank name
City
10524 ....................................
Seaway Bank and Trust Company .....................................
Chicago .......................
[FR Doc. 2017–02633 Filed 2–8–17; 8:45 am]
BILLING CODE P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice of Termination of the
Receivership of 10206, Key West Bank,
Key West, Florida
The Federal Deposit Insurance
Corporation (‘‘FDIC’’), as Receiver for
10206, Key West Bank, Key West,
Florida (‘‘Receiver’’), has been
authorized to take all actions necessary
to terminate the receivership estate of
Key West 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
February 1, 2017, the Receivership
Estate has been terminated, the Receiver
discharged, and the Receivership Estate
has ceased to exist as a legal entity.
Dated: February 3, 2017.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
BILLING CODE 6714–01–P
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (3064–
0112, –0125, –0127 & –0175)
FEDERAL DEPOSIT INSURANCE
CORPORATION
sradovich on DSK3GMQ082PROD with NOTICES
Notice to All Interested Parties of
Intent To Terminate the Receivership
of 10393, Creekside Bank, Woodstock,
Georgia
Notice is hereby given that the Federal
Deposit Insurance Corporation (‘‘FDIC’’)
as Receiver for Creekside Bank,
Woodstock, Georgia (‘‘the Receiver’’),
intends to terminate its receivership for
said institution. The FDIC was
18:11 Feb 08, 2017
Jkt 241001
Dated: February 3, 2017.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017–02632 Filed 2–8–17; 8:45 am]
[FR Doc. 2017–02627 Filed 2–8–17; 8:45 am]
VerDate Sep<11>2014
appointed receiver of Creekside Bank on
September 2, 2011. 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 34.6, 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.
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
SUMMARY:
PO 00000
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Fmt 4703
Sfmt 4703
State
Date closed
IL
1/27/2017
information collections, as required by
the Paperwork Reduction Act of 1995.
On November 28, 2016, (81 FR 85562),
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 March 13, 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.
Proposal
to renew the following currently
approved collections of information:
1. Title: Real Estate Lending
Standards.
OMB Number: 3064–0112.
Form Number: None.
Affected Public: Insured State
Nonmember Banks and State Savings
Associations.
Burden Estimate:
SUPPLEMENTARY INFORMATION:
E:\FR\FM\09FEN1.SGM
09FEN1
10009
Federal Register / Vol. 82, No. 26 / Thursday, February 9, 2017 / Notices
Estimated
number of
respondents
Type of burden
Real Estate Lending Standards.
Recordkeeping ...................
General Description of Collection:
Institutions use real estate lending
policies to guide their lending
operations in a manner that is consistent
with safe and sound banking practices
and appropriate to their size and nature
and scope of their operations. These
policies should address certain lending
Estimated
time per
response
(hours)
Estimated
number of
responses
3,878
1
considerations, including loan-to-value
limits, loan administration policies,
portfolio diversification standards, and
documentation, approval, and reporting
requirements.
2. Title: Foreign Banking and
Investment by Insured State
Nonmember Banks.
Estimated
number of
respondents
Type of burden
Frequency
of response
20
On Occasion ..
77,560
OMB Number: 3064–0125.
Form Number: None.
Affected Public: Insured State
Nonmember Banks.
Burden Estimate:
Estimated
time per
response
(hours)
Estimated
number of
responses
Total annual
estimated
burden
(hours)
Frequency
of response
Total annual
estimated
burden
(hours)
Notice of foreign branch establishment or foreign
branch closure
(303.182(a) and (d)).
Prior notice (45 days) of foreign branch establishment (303.182(b)).
Application to establish a
foreign branch or to engage in certain activities
through a foreign branch
(303.182(b)).
Notice of foreign investment
(303.183(a)).
Prior notice (45 days) of investment in foreign organizations (303.183(b)).
Application to invest in foreign organizations, or to
engage in certain activities through foreign organizations (303.183(b)).
Notice of foreign divestiture
(303.183(d)).
Reporting ............................
1
1
2
On Occasion ..
2
Reporting ............................
1
1
6
On Occasion ..
6
Reporting ............................
1
1
40
On Occasion ..
40
Reporting ............................
1
1
2
On Occasion ..
2
Reporting ............................
1
1
6
On Occasion ..
6
Reporting ............................
2
1
60
On Occasion ..
120
Reporting ............................
2
1
1 hour
On Occasion ..
2
Total Reporting Burden
Hours.
Supervision and Recordkeeping of Foreign Activities.
.............................................
........................
........................
........................
........................
178
Recordkeeping ...................
20
1
400
On Occasion ..
8,000
.............................................
........................
........................
........................
........................
8,000
sradovich on DSK3GMQ082PROD with NOTICES
Total Recordkeeping
Burden Hours.
General Description of Collection: The
Federal Deposit Insurance (FDI) Act
requires state nonmember banks to
obtain FDIC consent to establish or
operate a branch in a foreign country, or
to acquire and hold, directly or
indirectly, stock or other evidence of
ownership in any foreign bank or other
entity. The FDI Act also authorizes the
FDIC to impose conditions for such
consent and to issue regulations related
thereto. This collection is a direct
consequence of those statutory
requirements.
3. Title: Occasional Qualitative
Surveys.
OMB Number: 3064–0127.
Form Number: None.
Affected Public: Insured Depository
Institutions and Their Customers.
Burden Estimate:
Type of burden
Occasional generic qualitative surveys.
VerDate Sep<11>2014
Estimated
number of
respondents
Estimated
number of
responses
Estimated
time per
response
(hours)
Frequency
of response
Total annual
estimated
burden
(hours)
Reporting ............................
850
15
1
On Occasion ..
12,750
18:11 Feb 08, 2017
Jkt 241001
PO 00000
Frm 00027
Fmt 4703
Sfmt 4703
E:\FR\FM\09FEN1.SGM
09FEN1
10010
Federal Register / Vol. 82, No. 26 / Thursday, February 9, 2017 / Notices
General Description of Collection: The
FDIC is requesting renewal of this
approved collection to use occasional
qualitative surveys to gather information
from the public. In general, these
surveys do not involve more than 850
respondents, do not require more than
one hour per respondent, and are
completely voluntary in nature. It is not
contemplated that more than 15 such
surveys will be conducted in any given
year. The purpose of the surveys is, in
general terms, to obtain anecdotal
information about regulatory burden,
problems or successes in the bank
supervisory process (including both
safety-and-soundness and consumerrelated exams), the perceived need for
regulatory or statutory change, and
similar concerns. The information in
these surveys is anecdotal in nature,
that is, samples are not necessarily
random, the results are not necessarily
representative of a larger class of
potential respondents, and the goal is
not to produce a statistically valid and
reliable database. Rather, the surveys are
expected to yield anecdotal information
about the particular experiences and
opinions of members of the public,
primarily staff at respondent banks or
bank customers. The information is
used to improve the way FDIC relates to
its clients, to develop agendas for
regulatory or statutory change, and in
some cases simply to learn how
particular policies or programs are
working, or are perceived in particular
cases.
4. Title: Interagency Guidance on
Sound Incentive Compensation
Practices.
OMB Number: 3064–0175.
Form Number: None.
Affected Public: Insured State
Nonmember Banks and State Savings
Associations.
Burden Estimate:
Type of burden
sradovich on DSK3GMQ082PROD with NOTICES
Annual maintenance of policies and procedures.
Estimated
number of
respondents
Estimated
number of
responses
Estimated
time per
response
(hours)
Frequency
of response
Total annual
estimated
burden
(hours)
Recordkeeping ...................
3,878
1
40
Annual ............
155,120
General Description of Collection: The
Guidance on Sound Incentive
Compensation Practices helps ensure
that incentive compensation policies at
insured state nonmember banks and
state savings associations do not
encourage excessive risk-taking and are
consistent with the safety and
soundness of the organization. Under
the Guidance, banks are 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 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
the collections of information are
necessary for the proper performance of
VerDate Sep<11>2014
18:11 Feb 08, 2017
Jkt 241001
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collections,
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.
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 February 1, 2017, the
Receivership Estate has been
terminated, the Receiver discharged,
and the Receivership Estate has ceased
to exist as a legal entity.
Dated at Washington, DC, this 3rd day of
February 2017.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
Dated: February 6, 2017.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017–02635 Filed 2–8–17; 8:45 am]
BILLING CODE 6714–01–P
[FR Doc. 2017–02671 Filed 2–8–17; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL TRADE COMMISSION
FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice of Termination of the
Receivership of 10299, WestBridge
Bank and Trust Company,
Chesterfield, Missouri
The Federal Deposit Insurance
Corporation (‘‘FDIC’’), as Receiver for
10299, WestBridge Bank and Trust
Company, Chesterfield, Missouri
(‘‘Receiver’’), has been authorized to
take all actions necessary to terminate
the receivership estate of WestBridge
Bank and Trust Company
(‘‘Receivership Estate’’); the Receiver
has made all dividend distributions
required by law.
PO 00000
Frm 00028
Fmt 4703
Sfmt 4703
[File No. 172 3033]
iSpring Water Systems, LLC; Analysis
of Proposed Consent Order To Aid
Public Comment
Federal Trade Commission.
Proposed consent agreement.
AGENCY:
ACTION:
The consent agreement in this
matter settles alleged violations of
federal law prohibiting unfair or
deceptive acts or practices. The attached
Analysis to Aid Public Comment
describes both the allegations in the
draft complaint and the terms of the
consent order—embodied in the consent
agreement—that would settle these
allegations.
SUMMARY:
E:\FR\FM\09FEN1.SGM
09FEN1
]]>Agencies
[Federal Register Volume 82, Number 26 (Thursday, February 9, 2017)]
[Notices]
[Pages 10008-10010]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-02635]
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Submission for OMB
Review; Comment Request (3064-0112, -0125, -0127 & -0175)
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. On November 28, 2016, (81 FR 85562), 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 March 13, 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: Real Estate Lending Standards.
OMB Number: 3064-0112.
Form Number: None.
Affected Public: Insured State Nonmember Banks and State Savings
Associations.
Burden Estimate:
[[Page 10009]]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Estimated Estimated time Total annual
Type of burden number of number of per response Frequency of response estimated
respondents responses (hours) burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Real Estate Lending Standards....... Recordkeeping.......... 3,878 1 20 On Occasion.............. 77,560
--------------------------------------------------------------------------------------------------------------------------------------------------------
General Description of Collection: Institutions use real estate
lending policies to guide their lending operations in a manner that is
consistent with safe and sound banking practices and appropriate to
their size and nature and scope of their operations. These policies
should address certain lending considerations, including loan-to-value
limits, loan administration policies, portfolio diversification
standards, and documentation, approval, and reporting requirements.
2. Title: Foreign Banking and Investment by Insured State Nonmember
Banks.
OMB Number: 3064-0125.
Form Number: None.
Affected Public: Insured State Nonmember Banks.
Burden Estimate:
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Estimated Estimated time Total annual
Type of burden number of number of per response Frequency of response estimated
respondents responses (hours) burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notice of foreign branch Reporting.............. 1 1 2 On Occasion.............. 2
establishment or foreign branch
closure (303.182(a) and (d)).
Prior notice (45 days) of foreign Reporting.............. 1 1 6 On Occasion.............. 6
branch establishment (303.182(b)).
Application to establish a foreign Reporting.............. 1 1 40 On Occasion.............. 40
branch or to engage in certain
activities through a foreign branch
(303.182(b)).
Notice of foreign investment Reporting.............. 1 1 2 On Occasion.............. 2
(303.183(a)).
Prior notice (45 days) of investment Reporting.............. 1 1 6 On Occasion.............. 6
in foreign organizations
(303.183(b)).
Application to invest in foreign Reporting.............. 2 1 60 On Occasion.............. 120
organizations, or to engage in
certain activities through foreign
organizations (303.183(b)).
Notice of foreign divestiture Reporting.............. 2 1 1 hour On Occasion.............. 2
(303.183(d)).
------------------------------------------------------------------------------------------
Total Reporting Burden Hours.... ....................... .............. .............. .............. ......................... 178
Supervision and Recordkeeping of Recordkeeping.......... 20 1 400 On Occasion.............. 8,000
Foreign Activities.
------------------------------------------------------------------------------------------
Total Recordkeeping Burden Hours ....................... .............. .............. .............. ......................... 8,000
--------------------------------------------------------------------------------------------------------------------------------------------------------
General Description of Collection: The Federal Deposit Insurance
(FDI) Act requires state nonmember banks to obtain FDIC consent to
establish or operate a branch in a foreign country, or to acquire and
hold, directly or indirectly, stock or other evidence of ownership in
any foreign bank or other entity. The FDI Act also authorizes the FDIC
to impose conditions for such consent and to issue regulations related
thereto. This collection is a direct consequence of those statutory
requirements.
3. Title: Occasional Qualitative Surveys.
OMB Number: 3064-0127.
Form Number: None.
Affected Public: Insured Depository Institutions and Their
Customers.
Burden Estimate:
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Estimated Estimated time Total annual
Type of burden number of number of per response Frequency of response estimated
respondents responses (hours) burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Occasional generic qualitative Reporting............ 850 15 1 On Occasion............. 12,750
surveys.
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 10010]]
General Description of Collection: The FDIC is requesting renewal
of this approved collection to use occasional qualitative surveys to
gather information from the public. In general, these surveys do not
involve more than 850 respondents, do not require more than one hour
per respondent, and are completely voluntary in nature. It is not
contemplated that more than 15 such surveys will be conducted in any
given year. The purpose of the surveys is, in general terms, to obtain
anecdotal information about regulatory burden, problems or successes in
the bank supervisory process (including both safety-and-soundness and
consumer-related exams), the perceived need for regulatory or statutory
change, and similar concerns. The information in these surveys is
anecdotal in nature, that is, samples are not necessarily random, the
results are not necessarily representative of a larger class of
potential respondents, and the goal is not to produce a statistically
valid and reliable database. Rather, the surveys are expected to yield
anecdotal information about the particular experiences and opinions of
members of the public, primarily staff at respondent banks or bank
customers. The information is used to improve the way FDIC relates to
its clients, to develop agendas for regulatory or statutory change, and
in some cases simply to learn how particular policies or programs are
working, or are perceived in particular cases.
4. Title: Interagency Guidance on Sound Incentive Compensation
Practices.
OMB Number: 3064-0175.
Form Number: None.
Affected Public: Insured State Nonmember Banks and State Savings
Associations.
Burden Estimate:
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Estimated Estimated time Total annual
Type of burden number of number of per response Frequency of response estimated
respondents responses (hours) burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual maintenance of policies and Recordkeeping........ 3,878 1 40 Annual.................. 155,120
procedures.
--------------------------------------------------------------------------------------------------------------------------------------------------------
General Description of Collection: The Guidance on Sound Incentive
Compensation Practices helps ensure that incentive compensation
policies at insured state nonmember banks and state savings
associations do not encourage excessive risk-taking and are consistent
with the safety and soundness of the organization. Under the Guidance,
banks are 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
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 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 information collections,
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 3rd day of February 2017.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017-02635 Filed 2-8-17; 8:45 am]
BILLING CODE 6714-01-P
