Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0177), 56240-56241 [2017-25638]

Download as PDF 56240 Federal Register / Vol. 82, No. 227 / Tuesday, November 28, 2017 / Notices Services and Speech-to-Speech Services for Individuals with Hearing and Speech Disabilities, CG Docket No. 03–123, Declaratory Ruling, 72 FR 6960, February 14, 2007, granting a request for clarification that Internet Protocol (IP) captioned telephone relay service (IP CTS) is a type of TRS eligible for compensation from the Fund. On August 26, 2013, the Commission issued Misuse of Internet Protocol (IP) Captioned Telephone Service; Telecommunications Relay Services and Speech-to-Speech Services for Individuals with Hearing and Speech Disabilities, CG Docket Nos. 13–24 and 03–123, Report and Order, 78 FR 53684, August 30, 2013, to regulate practices relating to the marketing of IP CTS, impose certain requirements for the provision of this service, and mandate registration and certification of IP CTS users. This notice and request for comments pertains to the extension of the currently approved information collection requirements for one-line and two-line captioned telephone service (CTS) and Internet Protocol captioned telephone service (IP CTS) rules and update the estimates of existing burdens that were included in the January 2015 Paperwork Reduction Act (PRA) submission to the Office of Management and Budget (OMB). Federal Communications Commission. Marlene H. Dortch, Secretary. Office of the Secretary. [FR Doc. 2017–25675 Filed 11–27–17; 8:45 am] BILLING CODE 6712–01–P FEDERAL COMMUNICATIONS COMMISSION [CC Docket No. 92–237; DA 17–1123] Next Meeting of the North American Numbering Council Federal Communications Commission. ACTION: Notice. AGENCY: In this document, the Commission released a public notice announcing the meeting and agenda of the North American Numbering Council (NANC). The primary agenda of this meeting will be to introduce members of the Committees, set out initial assignments, and provide more information about the Working Groups. The NANC will also begin discussing how to modernize and foster more efficient number administration in the United States. The agenda may be modified at the discretion of the NANC Chair and the Designated Federal ethrower on DSK3G9T082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:51 Nov 27, 2017 Jkt 244001 Officer (DFO). The NANC meeting is open to the public. The FCC will accommodate as many attendees as possible; however, admittance will be limited to seating availability. The Commission will also provide audio coverage of the meeting. Other reasonable accommodations for people with disabilities are available upon request. Request for such accommodations should be submitted via email to fcc504@fcc.gov or by calling the Consumer and governmental Affairs Bureau @(202) 418–0530 (voice) (202) 418–0432 (TTY). Such requests should include a detailed description of the accommodation needed. In addition, please allow at least five days advance notice for accommodation requests; last minute requests will be accepted but may not be possible to accommodate. Members of the public may submit comments to the NANC in the FCC’s Electronic Comment Filing System, ECFS, at www.fcc.gov/ecfs. Comments to the NANC should be filed in CC Docket No. 92–237. More information about the NANC is available at https://www.fcc.gov/aboutfcc/advisory-committees/general/northamerican-numbering-council. DATES: Thursday, December 7, 2017, 9:30 a.m. ADDRESSES: Requests to make an oral statement or provide written comments to the NANC should be sent to Carmell Weathers, Competition Policy Division, Wireline Competition Bureau, Federal Communications Commission, Portals II, 445 12th Street SW., Room 5–C162, Washington, DC 20554. FOR FURTHER INFORMATION CONTACT: Marilyn Jones, NANC DFO, at marilyn.jones@fcc.gov, or (202) 418– 2357, Michelle Sclater, Alternate DFO, at michelle.sclater@fcc.gov, or (202) 418–0388; or Carmell Weathers, Special Assistant to the DFO, at carmell.weathers@fcc.gov, or (202) 418– 2325. The fax number is: (202) 418– 1413. The TTY number is: (202) 418– 0484. SUPPLEMENTARY INFORMATION: This is a summary of the Commission’s document in CC Docket No. 92–237, DA 17–1123 released November 20, 2017. The complete text in this document is available for public inspection and copying during normal business hours in the FCC Reference Information Center, Portals II, 445 12th Street SW., Room CY–A257, Washington, DC 20554. The document may also be purchased from the Commission’s duplicating contractor, Best Copy and Printing, Inc., 445 12th Street SW., Room CY–B402, Washington, DC 20554, telephone (800) 378–3160 or (202) 863–2893, facsimile PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 (202) 863–2898, or via the Internet at https://www.bcpiweb.com. It is available on the Commission’s Web site at https:// www.fcc.gov. Federal Communications Commission. Marilyn Jones, Senior Counsel for Number Administration, Wireline Competition Bureau. [FR Doc. 2017–25633 Filed 11–27–17; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064–0177) 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 the existing information collection, as required by the Paperwork Reduction Act of 1995. Currently, the FDIC is soliciting comment on renewal of the information collection described below. DATES: Comments must be submitted on or before January 29, 2018. 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. SUMMARY: SUPPLEMENTARY INFORMATION: E:\FR\FM\28NON1.SGM 28NON1 Federal Register / Vol. 82, No. 227 / Tuesday, November 28, 2017 / Notices Proposal To Renew the Following Currently Approved Collections of Information Insured Depository Institution in Connection With a Securitization or Participation After September 30, 2010. OMB Number: 3064–0177. Form Number: None. 1. Title: Conservator or Receiver of Financial Assets Transferred by an 56241 Affected Public: Insured Depository Institutions. Burden Estimate: SUMMARY OF ANNUAL BURDEN AND INTERNAL COST [3064–0177] Type of burden Disclosures: 360.6(b)(2)(i)(A), (D) Ongoing. Private Transactions Non Reg AB Compliant. 360.6(b)(2)(i)(D) ................................................. 360.6(b)(2)(ii)(B) Initial/One-Time ..................... 360.6(b)(2)(ii)(C ) ............................................... Estimated number of respondents Estimated number of responses (average number of transactions) Estimated time per response Estimated frequency Frequency of response Total annual estimated burden Disclosure ............. 19 1.895 37 12.0 Monthly ............ 15,984 Disclosure ............. Disclosure ............. Disclosure ............. 35 1 1 1.971 6.000 6.000 3 1 1 1.0 1.0 1.0 On Occasion ... On Occasion ... On Occasion ... 207 6 6 Total Disclosure Burden ..................... Recordkeeping: 360.6(c)(7) ......................................................... ............................... .................... .................... .................... .................... ......................... 16,203 Recordkeeping ..... 35 1.971 1 1.0 On Occasion ... 69 Total Recordkeeping Burden ..................... ............................... .................... .................... .................... .................... ......................... 69 TotalB Burden ....................................... ............................... .................... .................... .................... .................... ......................... 16,272 SUMMARY OF CAPITAL/START-UP COSTS [3064–0177] 360.6(b)(2)(i)(A), (B)—Initial/One-Time—Capital/Start-Up Costs— # of sponsors that have never done a registered transaction in particular asset class since November 23, 2016— effective date for compliance with new Reg AB—and prior to doing a private transaction Cost per hour Total cost of annual estimated burden (Internal) 2,760 51,680 5,400 $250 ......................... 250 ........................... 250 ........................... $690,000 $12,920,000 $1,350,000 Total .......................................................................................... ....................... .................... .................... .................... (a) Existing systems and procedures for each required data point for all three asset classes = 10 ................................................ .................................. # of respondents ...... $14,960,000 19 (b) The number of hours required to adjust systems to provide asset level data in XML format for each required data point = 10 cost/respondent ....... $787,368.42 (c) Estimated number of data points (per SEC Reg AB Rule PRA) = for auto 138, for CMBS 152, for RMBS 270 ....................... .................................. .................... Private Transactions—Auto ............................................................. Private Transactions—CMBS .......................................................... Private Transactions—RMBS * ........................................................ Estimated number of respondents Estimated hours per respondent [(a + b) * c] 1 17 1 2,760 3,040 5,400 Disclosure ..... Disclosure ..... Disclosure ..... Total start up hours ethrower on DSK3G9T082PROD with NOTICES * For RMBS transactions, the sponsors will also incur an external cost in connection with securing a third-party due diligence report on compliance with 360.6(b)(2)(ii)(B). This cost is estimated to be $500,000 per transaction. General Description of Collection: To facilitate better ongoing evaluation of the quality of lending by banks and to reduce risks to the Deposit Insurance Fund from the opaque securitization structures and the poorly underwritten loans that led to the onset of the recent financial crisis, insured depository institutions must require compliance with certain disclosure and other requirements (including compliance with the U.S. Securities and Exchange Commission (SEC) Regulation AB) for securitizations (other than grandfathered transactions) as a prerequisite for the transfer of financial assets by an insured depository institution in connection with a securitization transaction to be eligible for the benefits provided by Part 360.6 of the FDIC’s Regulations. Requirements VerDate Sep<11>2014 19:51 Nov 27, 2017 Jkt 244001 for safe harbor treatment of loan participations are also set forth. There is no change to the FDIC’s Part 360.6. The change in hourly burden and initial start-up costs are mostly attributed to the SEC’s changes to Regulation AB in its September 24, 2014 final rule. 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 PO 00000 Frm 00034 Fmt 4703 Sfmt 9990 collected; and (d) ways to minimize the burden of the collection 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 22nd day of November 2017. Federal Deposit Insurance Corporation Valerie J. Best, Assistant Executive Secretary. [FR Doc. 2017–25638 Filed 11–27–17; 8:45 am] BILLING CODE 6714–01–P E:\FR\FM\28NON1.SGM 28NON1

Agencies

[Federal Register Volume 82, Number 227 (Tuesday, November 28, 2017)]
[Notices]
[Pages 56240-56241]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-25638]


=======================================================================
-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request (OMB No. 3064-0177)

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 the 
existing information collection, as required by the Paperwork Reduction 
Act of 1995. Currently, the FDIC is soliciting comment on renewal of 
the information collection described below.

DATES: Comments must be submitted on or before January 29, 2018.

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:

[[Page 56241]]

Proposal To Renew the Following Currently Approved Collections of 
Information

    1. Title: Conservator or Receiver of Financial Assets Transferred 
by an Insured Depository Institution in Connection With a 
Securitization or Participation After September 30, 2010.
    OMB Number: 3064-0177.
    Form Number: None.
    Affected Public: Insured Depository Institutions.
    Burden Estimate:

                                                       Summary of Annual Burden and Internal Cost
                                                                       [3064-0177]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                               Estimated
                                                                               number of                                                        Total
                                                                 Estimated     responses     Estimated    Estimated       Frequency  of         annual
                                          Type of burden         number of      (average      time per    frequency          response         estimated
                                                                respondents    number of      response                                          burden
                                                                             transactions)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Disclosures:
    360.6(b)(2)(i)(A), (D) Ongoing
        Private Transactions Non    Disclosure................           19         1.895            37         12.0  Monthly..............       15,984
         Reg AB Compliant.
    360.6(b)(2)(i)(D).............  Disclosure................           35         1.971             3          1.0  On Occasion..........          207
    360.6(b)(2)(ii)(B) Initial/One- Disclosure................            1         6.000             1          1.0  On Occasion..........            6
     Time.
    360.6(b)(2)(ii)(C )...........  Disclosure................            1         6.000             1          1.0  On Occasion..........            6
                                                               ------------------------------------------------------                       ------------
            Total Disclosure        ..........................  ...........  .............  ...........  ...........  .....................       16,203
             Burden.
Recordkeeping:
    360.6(c)(7)...................  Recordkeeping.............           35         1.971             1          1.0  On Occasion..........           69
                                                               ------------------------------------------------------                       ------------
        Total Recordkeeping Burden  ..........................  ...........  .............  ...........  ...........  .....................           69
                                                               ------------------------------------------------------                       ------------
            Total Burden..........  ..........................  ...........  .............  ...........  ...........  .....................       16,272
--------------------------------------------------------------------------------------------------------------------------------------------------------


                                                            Summary of Capital/Start-Up Costs
                                                                       [3064-0177]
--------------------------------------------------------------------------------------------------------------------------------------------------------
  360.6(b)(2)(i)(A), (B)--Initial/One-
   Time--Capital/Start-Up Costs--# of
    sponsors that have never done a                                               Estimated                                                   Total cost
 registered transaction  in particular                               Estimated    hours per   Total start                                     of  annual
 asset class since November 23, 2016--                               number of    respondent    up hours             Cost per hour            estimated
 effective date for compliance with new                             respondents   [(a + b) *                                                    burden
 Reg AB--and prior to  doing a private                                                c]                                                      (Internal)
              transaction
--------------------------------------------------------------------------------------------------------------------------------------------------------
Private Transactions--Auto.............  Disclosure...............            1        2,760        2,760  $250............................     $690,000
Private Transactions--CMBS.............  Disclosure...............           17        3,040       51,680  250.............................  $12,920,000
Private Transactions--RMBS *...........  Disclosure...............            1        5,400        5,400  250.............................   $1,350,000
                                                                   ---------------------------------------                                  ------------
    Total..............................  .........................  ...........  ...........  ...........  ................................  $14,960,000
(a) Existing systems and procedures for each required data point for all three asset classes = 10........  # of respondents................           19
--------------------------------------------------------------------------------------------------------------------------------------------------------
(b) The number of hours required to adjust systems to provide asset level data in XML format for each      cost/respondent.................  $787,368.42
 required data point = 10.
--------------------------------------------------------------------------------------------------------------------------------------------------------
(c) Estimated number of data points (per SEC Reg AB Rule PRA) = for auto 138, for CMBS 152, for RMBS 270.  ................................  ...........
--------------------------------------------------------------------------------------------------------------------------------------------------------
* For RMBS transactions, the sponsors will also incur an external cost in connection with securing a third-party due diligence report on compliance with
  360.6(b)(2)(ii)(B). This cost is estimated to be $500,000 per transaction.

    General Description of Collection: To facilitate better ongoing 
evaluation of the quality of lending by banks and to reduce risks to 
the Deposit Insurance Fund from the opaque securitization structures 
and the poorly underwritten loans that led to the onset of the recent 
financial crisis, insured depository institutions must require 
compliance with certain disclosure and other requirements (including 
compliance with the U.S. Securities and Exchange Commission (SEC) 
Regulation AB) for securitizations (other than grandfathered 
transactions) as a prerequisite for the transfer of financial assets by 
an insured depository institution in connection with a securitization 
transaction to be eligible for the benefits provided by Part 360.6 of 
the FDIC's Regulations. Requirements for safe harbor treatment of loan 
participations are also set forth.
    There is no change to the FDIC's Part 360.6. The change in hourly 
burden and initial start-up costs are mostly attributed to the SEC's 
changes to Regulation AB in its September 24, 2014 final rule.

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 collection 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 22nd day of November 2017. Federal 
Deposit Insurance Corporation
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017-25638 Filed 11-27-17; 8:45 am]
 BILLING CODE 6714-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.