Agency Information Collection Activities: Proposed Collection Renewals; Comment Request, 61758-61759 [2017-28138]

Agencies

• FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 82, Number 249 (Friday, December 29, 2017)]
[Notices]
[Pages 61758-61759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-28138]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB Nos. 3064-0115 and 3064-0197]


Agency Information Collection Activities: Proposed Collection 
Renewals; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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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 collections, as required by the Paperwork 
Reduction Act of 1995 (PRA). Currently, the FDIC is soliciting comment 
on renewal of the information collections described below.

DATES: Comments must be submitted on or before February 27, 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: [email protected]. 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 (202-898-6768), at the 
FDIC address above.

SUPPLEMENTARY INFORMATION: 
    Proposal to renew the following currently approved collections of 
information:
    1. Title: Prompt Corrective Action.
    OMB Number: 3064-0115.
    Form Number: None.
    Affected Public: State non-member banks and savings associations.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                          Estimated       Estimated                                        Total annual
                                   Type of burden     Obligation to       number of     frequency of   Estimated time     Frequency of       estimated
                                                         respond         respondents      responses     per response        response          burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Prompt Corrective Action (12     Reporting........  Voluntary........              17               1               4  On Occasion......              68
 CFR parts 303, 324, and 390).
                                                                      ----------------------------------------------------------------------------------
    Total Hourly Burden........  .................  .................  ..............  ..............  ..............  .................              68
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: Sec. 38 of the FDI Act requires 
or permits the FDIC to take certain supervisory actions when 
institutions fall within certain categories. The collection consists of 
applications to engage in otherwise restricted activities. The Prompt 
Corrective Action (PCA) provisions of section 38 of the Federal Deposit 
Insurance Act require or permit the FDIC and other federal banking 
agencies to take certain supervisory actions when FDIC-insured 
institutions fall within certain capital categories. They also restrict 
or prohibit certain activities and require the submission of a capital 
restoration plan when an insured institution becomes undercapitalized. 
Various provisions of the statute and the FDIC's implementing 
regulations require the prior approval of the FDIC before an FDIC-
supervised institution, or certain insured depository institutions, can 
engage in certain activities, or allow the FDIC to make exceptions to 
restrictions that would otherwise be imposed. This collection of 
information consists of the applications that are required to obtain 
the FDIC's prior approval.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is the result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response and frequency of responses have remained 
the same.
    2. Title: Liquidity Coverage Ratio: Liquidity Risk Measurement, 
Standards, and Monitoring (LCR).
    OMB Number: 3064-0197.
    Form Number: None.
    Affected Public: State savings associations and State nonmember 
banks that (i) have total consolidated

[[Page 61759]]

assets equal to $250 billion or more; (ii) have total consolidated on-
balance sheet foreign exposure equal to $10 billion or more; or (iii) 
have total consolidated assets equal to $10 billion or more and are a 
consolidated subsidiary of one of the following: (A) a covered 
depository institution holding company or depository institution that 
has total assets equal to $250 billion or more; (B) a covered 
depository institution holding company or depository institution that 
has total consolidated on-balance sheet foreign exposure equal to $10 
billion or more; or (C) a company that has been designated by the 
Financial Stability Oversight Council for supervision by the Federal 
Reserve Board.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                          Estimated       Estimated                                        Total annual
                                   Type of burden     Obligation to       number of     frequency of   Estimated time     Frequency of       estimated
                                                         respond         respondents      responses     per response        response          burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Liquidity Coverage Ratio (LCR)-- Reporting........  Mandatory........  ..............  ..............  ..............  .................  ..............
 12 CFR 329.40(a), (b).
Sec.   329.40(a) Notification    Reporting........  Mandatory........               2              12            0.25  On Occasion......            6.00
 that liquidity coverage ratio
 is less than minimum in Sec.
 329.10.
Sec.   329.40(b) Notification    Reporting........  Mandatory........               2               1            0.25  On Occasion......            0.50
 that liquidity coverage ratio
 is less than minimum in Sec.
 329.10 for 3 consecutive days
 or otherwise noncompliant.
Sec.   329.40(b) Plan for        Recordkeeping....  Mandatory........               2               1          100.00  On Occasion......          200.00
 achieving compliance.
Sec.   329.40(b)(4) Weekly       Reporting........  Mandatory........               2               4            0.25  On Occasion......            2.00
 report of progress toward
 achieving compliance.
Liquidity Coverage Ratio (LCR)-- Recordkeeping....  Mandatory........  ..............  ..............  ..............  .................  ..............
 12 CFR 329.22(a)(2), (5).
Sec.   329.22(a)(2) Policies     Recordkeeping....  Mandatory........               2               1           10.00  On Occasion......           20.00
 that require eligible HQLA to
 be under control of liquidity
 risk management function.
Sec.   329.22(a)(5) Documented   Recordkeeping....  Mandatory........               2               1           10.00  On Occasion......           20.00
 methodology providing
 consistent treatment for
 determining whether eligible
 HQLA meets operational
 requirements.
                                                                      ----------------------------------------------------------------------------------
    Total Hourly Burden........  .................  .................  ..............  ..............  ..............  .................          248.50
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The LCR rule implements a 
quantitative liquidity requirement and contains requirements subject to 
the PRA. The reporting and recordkeeping requirements are found in 
Sections 329.22 and 329.40. The requirement is designed to promote the 
short-term resilience of the liquidity risk profile of large and 
internationally active banking organizations, thereby improving the 
banking sector's ability to absorb shocks arising from financial and 
economic stress, and to further improve the measurement and management 
of liquidity risk. The LCR rule establishes a quantitative minimum 
liquidity coverage ratio that requires a company subject to the rule to 
maintain an amount of high-quality liquid assets (the numerator of the 
ratio) that is no less than 100 percent of its total net cash outflows 
over a prospective 30 calendar-day period (the denominator of the 
ratio).
    The FDIC has reviewed its previous PRA submission and has updated 
its methodology for calculating the burden in order to be consistent 
with the Office of the Controller of the Currency and the Federal 
Reserve Board. The overall increase in burden hours is the result of 
these changes.

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, on December 22, 2017.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017-28138 Filed 12-28-17; 8:45 am]
 BILLING CODE 6714-01-P