Agency Information Collection Activities: Submission for OMB Review; Comment Request, 11199-11201 [2018-05112]
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Federal Register / Vol. 83, No. 50 / Wednesday, March 14, 2018 / Notices
issue a Notice of Schedule for
Environmental Review. If a Notice of
Schedule for Environmental Review is
issued, it will indicate, among other
milestones, the anticipated date for the
Commission staff’s issuance of the EA
for this proposal. The filing of the EA
in the Commission’s public record for
this proceeding or the issuance of a
Notice of Schedule for Environmental
Review will serve to notify federal and
state agencies of the timing for the
completion of all necessary reviews, and
the subsequent need to complete all
federal authorizations within 90 days of
the date of issuance of the Commission
staff’s EA.
There are two ways to become
involved in the Commission’s review of
this project. First, any person wishing to
obtain legal status by becoming a party
to the proceedings for this project
should, on or before the comment date
stated below file with the Federal
Energy Regulatory Commission, 888
First Street NE, Washington, DC 20426,
a motion to intervene in accordance
with the requirements of the
Commission’s Rules of Practice and
Procedure (18 CFR 385.214 or 385.211)
and the Regulations under the NGA (18
CFR 157.10). A person obtaining party
status will be placed on the service list
maintained by the Secretary of the
Commission and will receive copies of
all documents filed by the applicant and
by all other parties. A party must submit
seven copies of filings made in the
proceeding with the Commission and
must mail a copy to the applicant and
to every other party. Only parties to the
proceeding can ask for court review of
Commission orders in the proceeding.
However, a person does not have to
intervene in order to have comments
considered. The second way to
participate is by filing with the
Secretary of the Commission, as soon as
possible, an original and two copies of
comments in support of or in opposition
to this project. The Commission will
consider these comments in
determining the appropriate action to be
taken, but the filing of a comment alone
will not serve to make the filer a party
to the proceeding. The Commission’s
rules require that persons filing
comments in opposition to the project
provide copies of their protests only to
the party or parties directly involved in
the protest.
Persons who wish to comment only
on the environmental review of this
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18:17 Mar 13, 2018
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project should submit an original and
two copies of their comments to the
Secretary of the Commission.
Environmental commentors will be
placed on the Commission’s
environmental mailing list, will receive
copies of the environmental documents,
and will be notified of meetings
associated with the Commission’s
environmental review process.
Environmental commentors will not be
required to serve copies of filed
documents on all other parties.
However, the non-party commentors
will not receive copies of all documents
filed by other parties or issued by the
Commission (except for the mailing of
environmental documents issued by the
Commission) and will not have the right
to seek court review of the
Commission’s final order.
The Commission strongly encourages
electronic filings of comments, protests
and interventions in lieu of paper using
the eFiling link at https://www.ferc.gov.
Persons unable to file electronically
should submit an original and 7 copies
of the protest or intervention to the
Federal Energy regulatory Commission,
888 First Street NE, Washington, DC
20426.
Comment Date: March 28, 2018.
Dated: March 7, 2018.
Kimberly D. Bose,
Secretary.
[FR Doc. 2018–05108 Filed 3–13–18; 8:45 am]
BILLING CODE 6717–01–P
11199
collection 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 this collection, and again
invites comment on this renewal.
DATES: Comments must be submitted on
or before April 13, 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.
• 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:
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0084]
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
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.
On December 28, 2017, the FDIC
requested comment for 60 days on a
proposal to renew the information
SUMMARY:
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On December 28, 2017, the FDIC
requested comment for 60 days on a
proposal to renew the information
collection 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 this collection, and again
invites comment on this renewal.
Proposal To Renew the Following
Currently Approved Collections of
Information
1. Title: Account Based Disclosures in
Connection with Consumer Financial
Protection Bureau Regulations E and DD
and Federal Reserve Regulation CC.
OMB Number: 3064–0084.
Form Number: None.
Affected Public: FDIC-Supervised
Institutions.
Burden Estimate
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Federal Register / Vol. 83, No. 50 / Wednesday, March 14, 2018 / Notices
SUMMARY OF ANNUAL BURDEN
Obligation
to respond
Type of burden
Estimated
number of
respondents
Estimated
time per
response
(hours)
Estimated
frequency
Frequency
of response
Total
annual
estimated
burden
Reg E—12 CFR Part 1005
Initial disclosures:
General (1005.7(b)) ............................................
Payroll cards (1005.18(c)(1)) .............................
Change-in-terms (1005.8(a)) .....................................
Transaction disclosures (sections 1005.9(a) and
1005.10).
Periodic statements (section 1005.9(b)) ...................
Error resolution rules:
General (1005.8(b) and 1005.11) ......................
Payroll cards (1005.18) ......................................
Overdraft opt-in disclosures (1005.17, FRB R–
1343):
Revise
and
update
initial
disclosures
(1005.17(c)(2)) for new customers.
Prepare and send new opt-in notices to existing
customers (1005.17(c)(1)).
Consumer response (section 1005.17) ..............
Gift card/gift certificate (section 1005.20, FRB R–
1377):
Exclusion policies & procedures (1005.20(b)(2))
one-time.
Exclusion policies & procedures (1005.20(b)(2)
ongoing.
Policy & procedures (1005.20(e)(1)) one-time ...
Policy & procedures (1005.20(e)(1)) ongoing ....
Systems change to implement disclosure update (1005.20(e)(3)).
Subtotal Reg E Burden ...............................
Disclosure
Disclosure
Disclosure
Disclosure
.............
.............
.............
.............
Mandatory .....
Mandatory .....
Mandatory .....
.......................
3,674
6
3,674
....................
0.025
0.025
0.017
....................
83
5,000
113
....................
On Occasion ...
On Occasion ...
On Occasion ...
.........................
7,624
750
6,919
0
Disclosure .............
.......................
....................
....................
....................
.........................
0
Disclosure .............
Disclosure .............
Mandatory .....
Mandatory .....
3,674
6
0.500
0.500
3
8
On Occasion ...
On Occasion ...
5,511
24
Disclosure .............
Mandatory .....
3,625
16.000
1
On Occasion ...
58,000
Disclosure .............
Mandatory .....
3,625
16.000
1
On Occasion ...
58,000
Recordkeeping .....
Voluntary ......
3,625
0.083
7,207
On Occasion ...
2,177,115
Recordkeeping .....
Mandatory .....
6
40.000
1
On Occasion ...
240
Recordkeeping .....
Mandatory .....
6
8.000
1
On Occasion ...
48
Recordkeeping .....
Recordkeeping .....
Disclosure .............
Mandatory .....
Mandatory .....
Mandatory .....
6
6
6
40.000
8.000
40.000
1
1
1
On Occasion ...
On Occasion ...
On Occasion ...
240
48
240
...............................
.......................
....................
....................
....................
.........................
2,314,759
Regulation CC—12 CFR Part 229
Specific availability policy disclosure (initial notice,
upon request, upon change in policy) (sections
229.16, 229.17 and 229.18(d)).
Case-by-case hold notice (section 229.16(c)) ..........
Notice of exceptions to hold policy (section
229.13(g)).
Notice posted where consumers make deposits (including at ATMs) (sections 229.18(b) and
229.18(c)).
Notice of changes in policy (section 229.18(e)) ........
Annual notice of new ATMs (section 229.18(e)) (see
Appendix E to Part 229, Commentary, section XII,
E., comment no. 3).
Notice of nonpayment—notice to depositary bank
(section 229.33(a) and (d)).
Response to consumer’s recredit claim (validation,
denial, reversal) (section 229.54(e)).
Bank’s claim against an indemnifying bank (section
229.55).
Consumer awareness disclosure (section 229.57) ...
Reg CC Consumer Burden—Expedited recredit
claim notice (section 229.54(a) and (b)(2)).
Subtotal Reg CC Burden ...................................
Disclosure .............
Mandatory .....
3,674
0.017
140
On Occasion ...
8,573
Disclosure .............
Disclosure .............
Mandatory .....
Mandatory .....
3,674
3,674
0.050
0.050
717
247
On Occasion ...
On Occasion ...
131,713
45,374
Disclosure .............
Mandatory .....
3,674
0.250
1
On Occasion ...
919
Disclosure .............
Disclosure .............
Mandatory .....
Mandatory .....
20
3,674
20.000
5.000
1
1
On Occasion ...
On Occasion ...
400
18,370
Disclosure .............
Mandatory .....
3,674
0.017
2,211
On Occasion ...
135,387
Disclosure .............
Mandatory .....
3,674
0.250
12
On Occasion ...
11,022
Reporting ..............
Mandatory .....
3,674
0.250
5
On Occasion ...
4,593
Disclosure .............
Reporting ..............
Mandatory .....
Mandatory .....
3,674
3,674
0.017
0.250
170
8
On Occasion ...
On Occasion ...
10,410
7,348
...............................
.......................
....................
....................
....................
.........................
374,107
15,615
Regulation DD—12 CFR Part 1030
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Account disclosures (upon request and new accounts) (section 1030.4).
Subsequent notices (section 1030.5):
Change in terms .................................................
Prematurity (renewal) notices ............................
Disclosures on periodic statements (section 1030.6)
Advertising (section 1030.8) ......................................
Disclosure .............
Mandatory .....
3,674
0.025
170
On Occasion ...
Disclosure
Disclosure
Disclosure
Disclosure
Mandatory
Mandatory
Mandatory
Mandatory
3,674
3,674
3,674
3,674
0.017
0.017
4.000
0.500
380
340
12
12
On
On
On
On
.............
.............
.............
.............
.....
.....
.....
.....
Occasion
Occasion
Occasion
Occasion
...
...
...
...
23,269
20,819
176,352
22,044
Subtotal Reg DD Burden ...................................
...............................
.......................
....................
....................
....................
.........................
258,099
Total Burden ................................................
...............................
.......................
....................
....................
....................
.........................
2,946,964
General Description of Collection:
Regulations E & DD (Consumer
Financial Protection Bureau’s
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18:17 Mar 13, 2018
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Regulations) and Regulation CC (the
Federal Reserve’s Regulation) ensure
adequate disclosures regarding
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accounts, including electronic fund
transfer services, availability of funds,
and fees and annual percentage yield for
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Federal Register / Vol. 83, No. 50 / Wednesday, March 14, 2018 / Notices
deposit accounts. Generally, the
Regulation E disclosures are designed to
ensure consumers receive adequate
disclosure of basic terms, costs, and
rights relating to electronic fund transfer
(EFT) services provided to them so that
they can make informed decisions.
Institutions offering EFT services must
disclose to consumers certain
information, including: Initial and
updated EFT terms, transaction
information, the consumer’s potential
liability for unauthorized transfers, and
error resolution rights and procedures.
Like Regulation E, Regulation CC has
consumer protection disclosure
requirements. Specifically, Regulation
CC requires depository institutions to
make funds deposited in transaction
accounts available within specified time
periods, disclose their availability
policies to customers, and begin
accruing interest on such deposits
promptly. The disclosures are intended
to alert customers that their ability to
use deposited funds may be delayed,
prevent unintentional (and costly)
overdrafts, and allow customers to
compare the policies of different
institutions before deciding at which
institution to deposit funds. Depository
institutions must also provide an
awareness disclosure regarding
substitute checks. The regulation also
requires notice to the depositary bank
and to a customer of nonpayment of a
check.
Regulation DD also has similar
consumer protection disclosure
requirements that are intended to assist
consumers in comparing deposit
accounts offered by institutions,
principally through the disclosure of
fees, the annual percentage yield, and
other account terms. Regulation DD
requires depository institutions to
disclose yields, fees, and other terms
concerning deposit accounts to
consumers at account opening, upon
request, and when changes in terms
occur. Depository institutions that
provide periodic statements are required
to include information about fees
imposed, interest earned, and the
annual percentage yield (APY) earned
during those statement periods. It also
contains rules about advertising deposit
accounts.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is the result
of economic fluctuation and the reduced
number of FDIC-supervised institutions
since the last submission in 2014. In
particular, the number of respondents
has decreased while the hours per
response and frequency of responses
have remained the same.
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18:17 Mar 13, 2018
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Request for Comment
DEPARTMENT OF DEFENSE
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.
GENERAL SERVICES
ADMINISTRATION
Dated at Washington, DC, on March 9,
2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
SUMMARY:
11201
[FR Doc. 2018–05112 Filed 3–13–18; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL MARITIME COMMISSION
Notice of Agreement Filed
The Commission hereby gives notice
of the filing of the following agreement
under the Shipping Act of 1984.
Interested parties may submit comments
on the agreement to the Secretary,
Federal Maritime Commission,
Washington, DC 20573, within twelve
days of the date this notice appears in
the Federal Register. A copy of the
agreement is available through the
Commission’s website (www.fmc.gov) or
by contacting the Office of Agreements
at (202)-523–5793 or tradeanalysis@
fmc.gov.
Agreement No.: 012456–001.
Title: Turkon Lines—Nile Dutch
Africa Space and Sailing Agreement.
Parties: Nile Dutch Africa Line BV
and Turkon Container Transportation &
Shipping, Inc..
Filing Party: Eric Lee, Esq.; Holland &
Knight LLP; 800 17th Street NW, Suite
1100, Washington, DC 20006.
Synopsis: The amendment specifies a
range of vessel sizes to be used under
the Agreement.
By Order of the Federal Maritime
Commission.
Dated: March 9, 2018.
Rachel E. Dickon,
Secretary.
[FR Doc. 2018–05198 Filed 3–13–18; 8:45 am]
BILLING CODE 6731–AA–P
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NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION
[OMB Control No. 9000–0062; Docket 2018–
0003; Sequence 5]
Information Collection; Material and
Workmanship
Department of Defense (DOD),
General Services Administration (GSA),
and National Aeronautics and Space
Administration (NASA).
ACTION: Notice of request for public
comments regarding an extension to an
existing OMB clearance.
AGENCY:
Under the provisions of the
Paperwork Reduction Act, the
Regulatory Secretariat Division will be
submitting to the Office of Management
and Budget (OMB) a request to review
and approve an extension of a
previously approved information
collection requirement concerning
material and workmanship.
DATES: Submit comments on or before
May 14, 2018.
ADDRESSES: Submit comments
identified by Information Collection
9000–0062, Material and Workmanship,
by any of the following methods:
• Regulations.gov: https://
www.regulations.gov. Submit comments
via the Federal eRulemaking portal by
searching the OMB Control number
9000–0062. Select the link ‘‘Comment
Now’’ that corresponds with
‘‘Information Collection 9000–0062,
Material and Workmanship’’. Follow the
instructions provided on the screen.
Please include your name, company
name (if any), and ‘‘Information
Collection 9000–0062, Material and
Workmanship’’ on your attached
document.
• Mail: General Services
Administration, Regulatory Secretariat
Division (MVCB), 1800 F Street NW,
Washington, DC 20405. ATTN: Ms.
Mandell/IC 9000–0062, Material and
Workmanship.
Instructions: Please submit comments
only and cite Information Collection
9000–0062, Material and Workmanship,
in all correspondence related to this
collection. Comments received generally
will be posted without change to https://
www.regulations.gov, including any
personal and/or business confidential
information provided. To confirm
receipt of your comment(s), please
check www.regulations.gov,
approximately two to three days after
submission to verify posting (except
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]]>Agencies
[Federal Register Volume 83, Number 50 (Wednesday, March 14, 2018)]
[Notices]
[Pages 11199-11201]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05112]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0084]
Agency Information Collection Activities: Submission for OMB
Review; Comment Request
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. On December 28, 2017, the FDIC requested comment for 60
days on a proposal to renew the information collection 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 this collection, and
again invites comment on this renewal.
DATES: Comments must be submitted on or before April 13, 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.
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, at the FDIC address
above.
SUPPLEMENTARY INFORMATION:
On December 28, 2017, the FDIC requested comment for 60 days on a
proposal to renew the information collection 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 this collection, and
again invites comment on this renewal.
Proposal To Renew the Following Currently Approved Collections of
Information
1. Title: Account Based Disclosures in Connection with Consumer
Financial Protection Bureau Regulations E and DD and Federal Reserve
Regulation CC.
OMB Number: 3064-0084.
Form Number: None.
Affected Public: FDIC-Supervised Institutions.
Burden Estimate
[[Page 11200]]
Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Total
Obligation to Estimated time per Estimated Frequency of annual
Type of burden respond number of response frequency response estimated
respondents (hours) burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reg E--12 CFR Part 1005
--------------------------------------------------------------------------------------------------------------------------------------------------------
Initial disclosures:
General (1005.7(b)).......... Disclosure.............. Mandatory.......... 3,674 0.025 83 On Occasion......... 7,624
Payroll cards (1005.18(c)(1)) Disclosure.............. Mandatory.......... 6 0.025 5,000 On Occasion......... 750
Change-in-terms (1005.8(a))...... Disclosure.............. Mandatory.......... 3,674 0.017 113 On Occasion......... 6,919
Transaction disclosures (sections Disclosure.............. ................... ........... ........... ........... .................... 0
1005.9(a) and 1005.10).
Periodic statements (section Disclosure.............. ................... ........... ........... ........... .................... 0
1005.9(b)).
Error resolution rules:
General (1005.8(b) and Disclosure.............. Mandatory.......... 3,674 0.500 3 On Occasion......... 5,511
1005.11).
Payroll cards (1005.18)...... Disclosure.............. Mandatory.......... 6 0.500 8 On Occasion......... 24
Overdraft opt-in disclosures
(1005.17, FRB R-1343):
Revise and update initial Disclosure.............. Mandatory.......... 3,625 16.000 1 On Occasion......... 58,000
disclosures (1005.17(c)(2))
for new customers.
Prepare and send new opt-in Disclosure.............. Mandatory.......... 3,625 16.000 1 On Occasion......... 58,000
notices to existing
customers (1005.17(c)(1)).
Consumer response (section Recordkeeping........... Voluntary.......... 3,625 0.083 7,207 On Occasion......... 2,177,115
1005.17).
Gift card/gift certificate
(section 1005.20, FRB R-1377):
Exclusion policies & Recordkeeping........... Mandatory.......... 6 40.000 1 On Occasion......... 240
procedures (1005.20(b)(2))
one-time.
Exclusion policies & Recordkeeping........... Mandatory.......... 6 8.000 1 On Occasion......... 48
procedures (1005.20(b)(2)
ongoing.
Policy & procedures Recordkeeping........... Mandatory.......... 6 40.000 1 On Occasion......... 240
(1005.20(e)(1)) one-time.
Policy & procedures Recordkeeping........... Mandatory.......... 6 8.000 1 On Occasion......... 48
(1005.20(e)(1)) ongoing.
Systems change to implement Disclosure.............. Mandatory.......... 6 40.000 1 On Occasion......... 240
disclosure update
(1005.20(e)(3)).
-----------------------------------------------------------------------
Subtotal Reg E Burden.... ........................ ................... ........... ........... ........... .................... 2,314,759
--------------------------------------------------------------------------------------------------------------------------------------------------------
Regulation CC--12 CFR Part 229
--------------------------------------------------------------------------------------------------------------------------------------------------------
Specific availability policy Disclosure.............. Mandatory.......... 3,674 0.017 140 On Occasion......... 8,573
disclosure (initial notice, upon
request, upon change in policy)
(sections 229.16, 229.17 and
229.18(d)).
Case-by-case hold notice (section Disclosure.............. Mandatory.......... 3,674 0.050 717 On Occasion......... 131,713
229.16(c)).
Notice of exceptions to hold Disclosure.............. Mandatory.......... 3,674 0.050 247 On Occasion......... 45,374
policy (section 229.13(g)).
Notice posted where consumers Disclosure.............. Mandatory.......... 3,674 0.250 1 On Occasion......... 919
make deposits (including at
ATMs) (sections 229.18(b) and
229.18(c)).
Notice of changes in policy Disclosure.............. Mandatory.......... 20 20.000 1 On Occasion......... 400
(section 229.18(e)).
Annual notice of new ATMs Disclosure.............. Mandatory.......... 3,674 5.000 1 On Occasion......... 18,370
(section 229.18(e)) (see
Appendix E to Part 229,
Commentary, section XII, E.,
comment no. 3).
Notice of nonpayment--notice to Disclosure.............. Mandatory.......... 3,674 0.017 2,211 On Occasion......... 135,387
depositary bank (section
229.33(a) and (d)).
Response to consumer's recredit Disclosure.............. Mandatory.......... 3,674 0.250 12 On Occasion......... 11,022
claim (validation, denial,
reversal) (section 229.54(e)).
Bank's claim against an Reporting............... Mandatory.......... 3,674 0.250 5 On Occasion......... 4,593
indemnifying bank (section
229.55).
Consumer awareness disclosure Disclosure.............. Mandatory.......... 3,674 0.017 170 On Occasion......... 10,410
(section 229.57).
Reg CC Consumer Burden--Expedited Reporting............... Mandatory.......... 3,674 0.250 8 On Occasion......... 7,348
recredit claim notice (section
229.54(a) and (b)(2)).
-----------------------------------------------------------------------
Subtotal Reg CC Burden....... ........................ ................... ........... ........... ........... .................... 374,107
--------------------------------------------------------------------------------------------------------------------------------------------------------
Regulation DD--12 CFR Part 1030
--------------------------------------------------------------------------------------------------------------------------------------------------------
Account disclosures (upon request Disclosure.............. Mandatory.......... 3,674 0.025 170 On Occasion......... 15,615
and new accounts) (section
1030.4).
Subsequent notices (section
1030.5):
Change in terms.............. Disclosure.............. Mandatory.......... 3,674 0.017 380 On Occasion......... 23,269
Prematurity (renewal) notices Disclosure.............. Mandatory.......... 3,674 0.017 340 On Occasion......... 20,819
Disclosures on periodic Disclosure.............. Mandatory.......... 3,674 4.000 12 On Occasion......... 176,352
statements (section 1030.6).
Advertising (section 1030.8)..... Disclosure.............. Mandatory.......... 3,674 0.500 12 On Occasion......... 22,044
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Subtotal Reg DD Burden....... ........................ ................... ........... ........... ........... .................... 258,099
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Total Burden............. ........................ ................... ........... ........... ........... .................... 2,946,964
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General Description of Collection: Regulations E & DD (Consumer
Financial Protection Bureau's Regulations) and Regulation CC (the
Federal Reserve's Regulation) ensure adequate disclosures regarding
accounts, including electronic fund transfer services, availability of
funds, and fees and annual percentage yield for
[[Page 11201]]
deposit accounts. Generally, the Regulation E disclosures are designed
to ensure consumers receive adequate disclosure of basic terms, costs,
and rights relating to electronic fund transfer (EFT) services provided
to them so that they can make informed decisions. Institutions offering
EFT services must disclose to consumers certain information, including:
Initial and updated EFT terms, transaction information, the consumer's
potential liability for unauthorized transfers, and error resolution
rights and procedures.
Like Regulation E, Regulation CC has consumer protection disclosure
requirements. Specifically, Regulation CC requires depository
institutions to make funds deposited in transaction accounts available
within specified time periods, disclose their availability policies to
customers, and begin accruing interest on such deposits promptly. The
disclosures are intended to alert customers that their ability to use
deposited funds may be delayed, prevent unintentional (and costly)
overdrafts, and allow customers to compare the policies of different
institutions before deciding at which institution to deposit funds.
Depository institutions must also provide an awareness disclosure
regarding substitute checks. The regulation also requires notice to the
depositary bank and to a customer of nonpayment of a check.
Regulation DD also has similar consumer protection disclosure
requirements that are intended to assist consumers in comparing deposit
accounts offered by institutions, principally through the disclosure of
fees, the annual percentage yield, and other account terms. Regulation
DD requires depository institutions to disclose yields, fees, and other
terms concerning deposit accounts to consumers at account opening, upon
request, and when changes in terms occur. Depository institutions that
provide periodic statements are required to include information about
fees imposed, interest earned, and the annual percentage yield (APY)
earned during those statement periods. It also contains rules about
advertising deposit accounts.
There is no change in the method or substance of the collection.
The overall reduction in burden hours is the result of economic
fluctuation and the reduced number of FDIC-supervised institutions
since the last submission in 2014. In particular, the number of
respondents has decreased while the hours per response and frequency of
responses have remained the same.
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, on March 9, 2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-05112 Filed 3-13-18; 8:45 am]
BILLING CODE 6714-01-P
