Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 18841-18842 [2018-09014]
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18841
Federal Register / Vol. 83, No. 83 / Monday, April 30, 2018 / Notices
the employer would need to transfer
information received to a database
either manually or electronically; and
the employer would need to store the 13
characters of information for each
applicant. Recordkeeping costs and
burden are assumed to be the time cost
associated with entering 13 keystrokes.
Assuming that the required
recordkeeping takes 30 seconds per
record, and assuming a total of
1,878,031,768 paper and electronic
applications per year (as calculated
above), the resulting UGESP burden
hours would be 7,825,132. Based on a
wage rate of $15.21 per hour for the
individuals entering the data, the
collection and storage of applicant
demographic data would come to
approximately $119,020,258 per year for
Title VII-covered employers. We expect
that the foregoing assumptions are overinclusive, because many employers
have electronic job application
processes that should be able to capture
applicant flow data automatically.
However, the average burden per
employer is relatively small. As stated
above, we estimate that UGESP applies
to 961,709 employers. Therefore, the
cost per covered employer is less than
$124 each ($119,020,258 divided by
961,709 is equal to $123.76).
Additionally, UGESP allows for
simplified recordkeeping for employers
with more than 15 but less than 100
employees.8
For the Commission.
Dated: April 18, 2018.
Victoria A. Lipnic,
Acting Chair.
[FR Doc. 2018–08993 Filed 4–27–18; 8:45 am]
BILLING CODE 6570–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0109]
Agency Information Collection
Activities: Proposed Collection
Renewal; 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 an existing
information collection, as required by
the Paperwork Reduction Act of 1995
(PRA). Currently, the FDIC is soliciting
comment on renewal of the information
collection described below.
DATES: Comments must be submitted on
or before June 29, 2018.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
SUMMARY:
• 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: Manny Cabeza (202–898–
3767), Counsel, MB–3007, 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 OMB
control number 3064–0109. 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:
Manny Cabeza, Counsel, 202–898–3767,
mcabeza@FDIC.gov, MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently approved collection of
information:
Title: Notice of Branch Closure.
OMB Number: 3064–0109.
Form Number: None.
Affected Public: Insured depository
institutions.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents
Estimated
time per
response
(hours)
Type of burden
Adoption of Closure Policy ....................
Notice of Closure ...................................
Recordkeeping ......................................
Disclosure .............................................
Mandatory .........
Mandatory .........
23
683
8
2
One time ............
One time ............
184
1,366
Total Estimated Annual Burden ......
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Frequency
of response
Average
total annual
estimated
burden
(hours)
Obligation
to respond
...............................................................
...........................
....................
....................
...........................
1,550
General Description of Collection:
Section 42 of the Federal Deposit
Insurance Act mandates that an insured
depository institution closing a branch
notify its primary federal regulator not
later than 90 days prior to the closing.
The statute also provides that a notice
be posted on the premises of the branch
for the 30-day period immediately prior
to the closing and that the customers be
notified in a mailing at least 90 days
prior to the closing. Each insured
depository institution that has one or
more branches is required to adopt a
written policy for branch closings.
Burden Estimate Methodology and
Assumptions: There are no changes in
the methodology or substance of this
information collection. FDIC believes
that the existing estimate of the time
required to develop a written branch
closure policy and to provide the
required branch closure notices is
accurate. The number of branch closure
notifications is closely related to the
number of branches closed, while the
number of closure policy adoptions
equals the number newly chartered
branch banking institutions and the
number of existing banking institutions
that transition from having no branches
to having at least one branch. To derive
an estimate of average annual branch
closure notifications, FDIC Risk
Management Supervision (RMS) staff
counted the number of full-service
standalone and in-store branches that
closed between 2015 and 2017. In
addition, FDIC staff count the number of
8 See 29 CFR 1607.15A(1): Simplified
recordkeeping for users with less than 100
employees. In order to minimize recordkeeping
burdens on employers who employ one hundred
(100) or fewer employees, and other users not
required to file EEO–1, et seq., reports, such users
may satisfy the requirements of this section 15 if
they maintain and have available records showing,
for each year: (a) The number of persons hired,
promoted, and terminated for each job, by sex, and
where appropriate by race and national origin; (b)
The number of applicants for hire and promotion
by sex and where appropriate by race and national
origin; and (c) The selection procedures utilized
(either standardized or not standardized).
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18842
Federal Register / Vol. 83, No. 83 / Monday, April 30, 2018 / Notices
newly chartered branch banking
institutions and the number of
institutions that transitioned from
having no branches to having at least
one branch. FDIC records reflect that
there were 683 branch closures, on
average, each year between 2015 and
2017. FDIC estimates that an average of
23 institutions each year will transition
from having no branches to having at
least one branch.
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 April 25,
2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018–09014 Filed 4–27–18; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
Board of Governors of the
Federal Reserve System.
SUMMARY: The Board of Governors of the
Federal Reserve System (Board) is
adopting a proposal to extend for three
years, without revision, the
Recordkeeping Requirements
Associated with Limitations on
Interbank Liabilities (Regulation F; OMB
No. 7100–0331).
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
System, Washington, DC 20551 (202)
452–3829. Telecommunications Device
for the Deaf (TDD) users may contact
(202) 263–4869, Board of Governors of
the Federal Reserve System,
Washington, DC 20551.
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AGENCY:
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OMB Desk Officer—Shagufta
Ahmed—Office of Information and
Regulatory Affairs, Office of
Management and Budget, New
Executive Office Building, Room 10235,
725 17th Street NW, Washington, DC
20503 or by fax to (202) 395–6974.
SUPPLEMENTARY INFORMATION: On June
15, 1984, the Office of Management and
Budget (OMB) delegated to the Board
authority under the Paperwork
Reduction Act (PRA) to approve of and
assign OMB control numbers to
collection of information requests and
requirements conducted or sponsored
by the Board. Board-approved
collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. Copies of the
Paperwork Reduction Act Submission,
supporting statements and approved
collection of information instrument(s)
are placed into OMB’s public docket
files. The Federal Reserve may not
conduct or sponsor, and the respondent
is not required to respond to, an
information collection that has been
extended, revised, or implemented on or
after October 1, 1995, unless it displays
a currently valid OMB control number.
Final approval under OMB delegated
authority of the extension for three
years, without revision, of the following
report:
Report title: Recordkeeping
Requirements Associated with
Limitations on Interbank Liabilities.
Agency form number: Regulation F.
OMB control number: 7100–0331.
Frequency: On occasion.
Respondents: Depository institutions
insured by the Federal Deposit
Insurance Corporation (FDIC).
Estimated number of respondents:
State member banks: 829; non-member
banks: 3,396; national banks: 921; state
savings banks: 309; federal savings
banks: 228; savings & loan associations:
195; insured federal branch of foreign
banking organization: 4; insured state
branch of foreign banking organization:
6; non-depository trust company
member: 2; cooperative banks: 33.
Estimated average hours per response:
8 hours.
Estimated annual burden hours: State
member banks: 6,632; non-member
banks: 27,168; national banks: 7,368;
state savings banks: 2,472; federal
savings banks: 1,824; savings & loan
associations: 1,560; insured federal
branch of foreign banking organization:
32; insured state branch of foreign
banking organization: 48; nondepository trust company member: 16;
cooperative banks: 264.
General description of report: Section
206.3 of the Board’s Regulation F, 12
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CFR 206.3, requires insured depository
institutions to establish and maintain
policies and procedures designed to
prevent excessive exposure to
‘‘correspondents,’’ which include nonaffiliated U.S. insured depository
institutions and non-affiliated foreign
banks. Regulation F limits the risks that
the failure of a correspondent would
pose to insured depository institutions.
Where exposure to a correspondent is
significant, the policies and procedures
shall require periodic reviews of the
financial condition of the correspondent
and shall take into account any
deterioration in the correspondent’s
financial condition. Where the financial
condition of the correspondent and the
form or maturity of the exposure create
a significant risk that payments will not
be made in full or in a timely manner,
the policies and procedures should limit
the bank’s exposure to the
correspondent, either by the
establishment of internal limits or by
other means.
The Board has updated its burden
estimate for this information collection
to account for all depository institutions
insured by the Federal Deposit
Insurance Corporation (FDIC), all of
which are potential respondents. The
Board’s previous burden estimate
accounted only for state member banks.
The increase in burden reflects the
update to correct the number of
potential respondents, and is not due to
a change in burden for individual
institutions.
Legal authorization and
confidentiality: The Board’s Legal
Division has determined that the
recordkeeping requirements of
Regulation F are mandatory and
authorized by section 23 of the Federal
Reserve Act, as added by section 308 of
the Federal Deposit Insurance
Corporation Improvement Act of 1991
(FDICIA) (12 U.S.C. 371b–2). Because
the Board does not collect any
information, no issue of confidentiality
normally arises. However, if a
compliance program becomes a Board
record during an examination, the
information may be protected from
disclosure under exemptions (b)(4) and
(b)(8) of the Freedom of Information Act
(5 U.S.C. 552(b)(4) and (b)(8)).
Current actions: On January 23, 2018,
the Board published a notice in the
Federal Register (83 FR 3148)
requesting public comment for 60 days
on the extension for three years, without
revision, of the Recordkeeping
Requirements Associated with
Limitations on Interbank Liabilities
(Regulation F). The comment period for
this notice expired on March 26, 2018.
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[Federal Register Volume 83, Number 83 (Monday, April 30, 2018)]
[Notices]
[Pages 18841-18842]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-09014]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0109]
Agency Information Collection Activities: Proposed Collection
Renewal; 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 an
existing information collection, as required by the Paperwork Reduction
Act of 1995 (PRA). Currently, the FDIC is soliciting comment on renewal
of the information collection described below.
DATES: Comments must be submitted on or before June 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.
Email: [email protected]. Include the name and number of
the collection in the subject line of the message.
Mail: Manny Cabeza (202-898-3767), Counsel, MB-3007,
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 OMB control number 3064-0109. 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: Manny Cabeza, Counsel, 202-898-3767,
[email protected], MB-3007, Federal Deposit Insurance Corporation, 550
17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collection of
information:
Title: Notice of Branch Closure.
OMB Number: 3064-0109.
Form Number: None.
Affected Public: Insured depository institutions.
Burden Estimate:
Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Average
Estimated total
Estimated time per annual
Type of burden Obligation to respond number of response Frequency of response estimated
respondents (hours) burden
(hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Adoption of Closure Policy......... Recordkeeping......... Mandatory................ 23 8 One time................. 184
Notice of Closure.................. Disclosure............ Mandatory................ 683 2 One time................. 1,366
-----------------------------------------------------------------
Total Estimated Annual Burden.. ...................... ......................... ........... ........... ......................... 1,550
--------------------------------------------------------------------------------------------------------------------------------------------------------
General Description of Collection: Section 42 of the Federal
Deposit Insurance Act mandates that an insured depository institution
closing a branch notify its primary federal regulator not later than 90
days prior to the closing. The statute also provides that a notice be
posted on the premises of the branch for the 30-day period immediately
prior to the closing and that the customers be notified in a mailing at
least 90 days prior to the closing. Each insured depository institution
that has one or more branches is required to adopt a written policy for
branch closings.
Burden Estimate Methodology and Assumptions: There are no changes
in the methodology or substance of this information collection. FDIC
believes that the existing estimate of the time required to develop a
written branch closure policy and to provide the required branch
closure notices is accurate. The number of branch closure notifications
is closely related to the number of branches closed, while the number
of closure policy adoptions equals the number newly chartered branch
banking institutions and the number of existing banking institutions
that transition from having no branches to having at least one branch.
To derive an estimate of average annual branch closure notifications,
FDIC Risk Management Supervision (RMS) staff counted the number of
full-service standalone and in-store branches that closed between 2015
and 2017. In addition, FDIC staff count the number of
[[Page 18842]]
newly chartered branch banking institutions and the number of
institutions that transitioned from having no branches to having at
least one branch. FDIC records reflect that there were 683 branch
closures, on average, each year between 2015 and 2017. FDIC estimates
that an average of 23 institutions each year will transition from
having no branches to having at least one branch.
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 April 25, 2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-09014 Filed 4-27-18; 8:45 am]
BILLING CODE 6714-01-P
