Sunshine Act Meeting, 36590-36591 [2018-16399]
Download as PDF
36590
Federal Register / Vol. 83, No. 146 / Monday, July 30, 2018 / Notices
SUMMARY OF ANNUAL BURDEN
Estimated
frequency of
responses
Mandatory .....
4
1
7,200
On Occasion
Reporting ......
Mandatory .....
28
1
6,613
Annual ..........
185,164
Reporting ......
Mandatory .....
9
1
39,843
Annual ..........
358,587
Reporting ......
Mandatory .....
1
2
120
.......................
.......................
....................
....................
....................
Obligation to
respond
Contingent Resolution Plan (CIDI Subsidiaries of Regional Bank Holding Companies and CIDI Subsidiaries of U.S. GSIFIs).
Contingent Resolution Plan—Annual Update (CIDI Subsidiaries of Regional Bank Holding Companies) *.
Contingent Resolution Plan—Annual Update (CIDI Subsidiaries of U.S. GSIFIs) *.
Notice of Material Change (CIDI Subsidiaries of Regional Bank Holding Companies and CIDI Subsidiaries of U.S. GSIFIs).
Reporting ......
Total Hourly Burden .................................................
Estimated
time per
response
Total annual
estimated
burden
(hours)
Estimated
number of
respondents
Type of
burden
Frequency of
response
28,800
On Occasion
.......................
240
572,791
daltland on DSKBBV9HB2PROD with NOTICES
* Because submissions have been required no more frequently than biennially, the burden associated with the Annual Update has been multiplied by 2⁄3 to represent two Annual Update filings over the three-year period contemplated by this notice and renewal.
General Description of Collection:
Section 360.10 of the FDIC’s regulations
(12 CFR 360.10 or the Rule) requires
certain insured depository institutions
(IDIs) to submit a Resolution Plan that
should enable the FDIC, as receiver, to
resolve the institution under Sections 11
and 13 of the Federal Deposit Insurance
Act (FDI Act), 12 U.S.C. 1821 and 1823,
in a manner that ensures that depositors
receive access to their insured deposits
within one business day of the
institution’s failure (two business days
if the failure occurs on a day other than
Friday), maximizes the net present
value return from the sale or disposition
of its assets, and minimizes the amount
of any loss to be realized by the
institution’s creditors. An IDI with $50
billion or more in total assets (i.e., a
covered IDI or CIDI) is required to
submit periodically to the FDIC a
contingent plan for the resolution of
such institution in the event of its
failure.
The Rule established the requirements
for submission and content of a
Resolution Plan, as well as procedures
for review by the FDIC. After the initial
submission, the Rule requires plan
submissions on an annual basis (Annual
Update) unless the FDIC determines to
change the submission date. A CIDI
must notify the FDIC of any event,
occurrence, change in conditions or
circumstances or other change which
results in, or reasonably could be
foreseen to have, a material effect on the
CIDI’s resolution plan.
The Rule is intended to address the
continuing exposure of the banking
industry to the risks of insolvency of
large and complex IDIs that can be
mitigated with proper resolution
planning. The Interim Final Rule, which
preceded the Rule, became effective
January 1, 2012, and remained in effect
until it was superseded by the Rule on
April 1, 2012.
VerDate Sep<11>2014
20:33 Jul 27, 2018
Jkt 244001
The annual burden for this
information collection is estimated to be
572,791 hours. This represents an
increase of 281,305 hours from the
current burden estimate of 291,486
hours. This increase is not due to any
new requirements imposed by the FDIC.
Rather, it is due to FDIC’s reassessment
of the burden hours associated with
responding to the existing requirements
of the Rule and to guidance, feedback,
and additional requests for information
by the FDIC as part of the iterative
resolution planning process. The
revised estimates are informed by
feedback received from the CIDIs over
the past year. Because submissions have
been required no more frequently than
biennially, the burden associated with
the Annual Update has been multiplied
by 2⁄3 to represent two Annual Update
filings over the three-year period
contemplated by this notice and
renewal.
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.
PO 00000
Dated at Washington, DC, on July 25, 2018.
Frm 00078
Fmt 4703
Sfmt 4703
Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2018–16186 Filed 7–27–18; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
FEDERAL REGISTER CITATION NOTICE OF
PREVIOUS ANNOUNCEMENT: 83 FR 35476
PREVIOUSLY ANNOUNCED TIME AND DATE OF
THE MEETING: Tuesday, July 31, 2018 at
10:00 a.m.
CHANGES IN THE MEETING:
This meeting will also discuss:
Matters concerning participation in
civil actions or proceedings or
arbitration.
*
*
*
*
*
CONTACT PERSON FOR MORE INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
Laura E. Sinram,
Deputy Secretary of the Commission.
[FR Doc. 2018–16325 Filed 7–26–18; 11:15 am]
BILLING CODE 6715–01–P
FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
Thursday, August 2,
2018 at 10:00 a.m.
PLACE: 1050 First Street NE,
Washington, DC (12th Floor).
STATUS: This meeting will be open to the
public.
MATTERS TO BE CONSIDERED:
Correction and Approval of Minutes for
June 28, 2018
Draft Advisory Opinion 2018–08: Issa
Draft Advisory Opinion 2018–10:
United Utah Party Candidate
Committee
TIME AND DATE:
E:\FR\FM\30JYN1.SGM
30JYN1
Federal Register / Vol. 83, No. 146 / Monday, July 30, 2018 / Notices
Management and Administrative
Matters
CONTACT PERSON FOR MORE INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
Individuals who plan to attend and
require special assistance, such as sign
language interpretation or other
reasonable accommodations, should
contact Dayna C. Brown, Secretary and
Clerk, at (202) 694–1040, at least 72
hours prior to the meeting date.
Dayna C. Brown,
Secretary and Clerk of the Commission.
[FR Doc. 2018–16399 Filed 7–26–18; 4:15 pm]
BILLING CODE 6715–01–P
FEDERAL HOUSING FINANCE
AGENCY
[No. 2018–N–07]
Proposed Collection; Comment
Request
Federal Housing Finance
Agency.
ACTION: 30-Day notice of submission of
information collection for approval from
Office of Management and Budget.
AGENCY:
In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (PRA), the
Federal Housing Finance Agency (FHFA
or the Agency) is seeking public
comments concerning an information
collection known as ‘‘Minority and
Women Inclusion,’’ which has been
assigned control number 2590–0014 by
the Office of Management and Budget
(OMB). FHFA intends to submit the
information collection to OMB for
review and approval of a three-year
extension of the control number, which
is due to expire on July 31, 2018.
DATES: Interested persons may submit
comments on or before August 29, 2018.
ADDRESSES: Submit comments to the
Office of Information and Regulatory
Affairs of the Office of Management and
Budget, Attention: Desk Officer for the
Federal Housing Finance Agency,
Washington, DC 20503, Fax: (202) 395–
3047, Email: OIRA_submission@
omb.eop.gov. Please also submit
comments to FHFA, identified by
‘‘Proposed Collection; Comment
Request: ‘Minority and Women
Inclusion, (No. 2018–N–07)’ ’’ by any of
the following methods:
• Agency Website: www.fhfa.gov/
open-for-comment-or-input.
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments. If
you submit your comment to the
daltland on DSKBBV9HB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
20:33 Jul 27, 2018
Jkt 244001
Federal eRulemaking Portal, please also
send it by email to FHFA at
RegComments@fhfa.gov to ensure
timely receipt by the agency.
• Mail/Hand Delivery: Federal
Housing Finance Agency, Eighth Floor,
400 Seventh Street SW, Washington, DC
20219, ATTENTION: Proposed
Collection; Comment Request:
‘‘Minority and Women Inclusion, (No.
2018–N–07)’’.
We will post all public comments we
receive without change, including any
personal information you provide, such
as your name and address, email
address, and telephone number, on the
FHFA website at https://www.fhfa.gov. In
addition, copies of all comments
received will be available for
examination by the public through the
electronic comment docket for this PRA
Notice also located on the FHFA
website.
FOR FURTHER INFORMATION CONTACT:
Sylvia Martinez, Principal Policy
Analyst, Office of Minority and Women
Inclusion, by email at Sylvia.Martinez@
fhfa.gov or by telephone at (202) 649–
3301; or Eric Raudenbush, Associate
General Counsel, Eric.Raudenbush@
fhfa.gov, (202) 649–3084 (these are not
toll-free numbers); Federal Housing
Finance Agency, 400 Seventh Street
SW, Washington, DC 20219. The
Telecommunications Device for the
Hearing Impaired is (800) 877–8339.
SUPPLEMENTARY INFORMATION: The
Federal Housing Finance Agency
(FHFA) is seeking comments on its
collection of information regarding the
minority and gender classification of
individuals serving on the boards of
directors of the Federal Home Loan
Banks (Banks) and of the Office of
Finance under FHFA’s regulations on
Minority and Women Inclusion (MWI),
codified at 12 CFR part 1223, which it
will be submitting for renewal of the
OMB control number under the PRA.
A. Need for and Use of the Information
Collection
The Federal Home Loan Bank System
(Bank System) consists of eleven
regional Banks and the Office of
Finance, which issues and services the
Banks’ debt securities. The Banks are
wholesale financial institutions,
organized under authority of the Federal
Home Loan Bank Act (Bank Act) to
serve the public interest by enhancing
the availability of residential housing
finance and community lending credit
through their member institutions and,
to a limited extent, through certain
eligible non-member entities. Each Bank
is structured as a regional cooperative
that is owned and controlled by member
PO 00000
Frm 00079
Fmt 4703
Sfmt 4703
36591
financial institutions located within its
district, which are also its primary
customers. The Bank Act vests the
management of each Bank in a board of
directors that consists of two types of
directors: (1) Member directors, who are
drawn from the officers and directors of
member institutions located in the
Bank’s district and who are elected to
represent members in a particular state
in that district; and (2) independent
directors, who are unaffiliated with any
of the Bank’s member institutions, but
who reside in the Bank’s district and are
elected on an at-large basis.1 The Office
of Finance is also governed by a board
of directors, which consists of the
presidents of the eleven Banks and five
independent directors.2
Section 1319A of the Federal Housing
Enterprises Financial Safety and
Soundness Act of 1992 (Safety and
Soundness Act) requires that each of the
Banks establish an Office of Minority
and Women Inclusion (OMWI) to be
responsible for all matters relating to
diversity in its management,
employment, and business activities, in
accordance with requirements
established by FHFA.3 Section 1319A
also requires that each Bank implement
standards and procedures to ensure, to
the maximum extent possible, the
inclusion and utilization of women and
minorities ‘‘at all levels’’ of its business
and activities, and submit an annual
report to FHFA detailing actions taken
to achieve those goals.4
FHFA’s MWI regulations implement
those statutory requirements and also
extend the requirements to the Office of
Finance. The regulations require
generally that each Bank and the Office
of Finance ‘‘develop, implement, and
maintain policies and procedures to
ensure, to the maximum extent possible,
in balance with financially safe and
sound business practices, the inclusion
and utilization of minorities, women,
individuals with disabilities, and
minority-, women-, and disabled-owned
businesses in all business and activities
and at all levels of the regulated entity,
including in management, employment,
procurement, insurance, and all types of
contracts.’’ 5 In recognition of the fact
that each Bank is required by statute to
promote diversity and inclusion ‘‘at all
levels’’ of its business and activities, the
MWI regulations further require that the
Banks’ policies and procedures (as well
as those of the Office of Finance)
‘‘[e]ncourage the consideration of
1 See
12 U.S.C. 1427(a)(1), (b), (d).
12 CFR 1273.7(a).
3 See 12 U.S.C. 4520(a).
4 See 12 U.S.C. 4520(b), (d).
5 See 12 CFR 1223.21(b).
2 See
E:\FR\FM\30JYN1.SGM
30JYN1
Agencies
[Federal Register Volume 83, Number 146 (Monday, July 30, 2018)]
[Notices]
[Pages 36590-36591]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-16399]
-----------------------------------------------------------------------
FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
TIME AND DATE: Thursday, August 2, 2018 at 10:00 a.m.
PLACE: 1050 First Street NE, Washington, DC (12th Floor).
STATUS: This meeting will be open to the public.
MATTERS TO BE CONSIDERED:
Correction and Approval of Minutes for June 28, 2018
Draft Advisory Opinion 2018-08: Issa
Draft Advisory Opinion 2018-10: United Utah Party Candidate Committee
[[Page 36591]]
Management and Administrative Matters
CONTACT PERSON FOR MORE INFORMATION: Judith Ingram, Press Officer,
Telephone: (202) 694-1220.
Individuals who plan to attend and require special assistance, such
as sign language interpretation or other reasonable accommodations,
should contact Dayna C. Brown, Secretary and Clerk, at (202) 694-1040,
at least 72 hours prior to the meeting date.
Dayna C. Brown,
Secretary and Clerk of the Commission.
[FR Doc. 2018-16399 Filed 7-26-18; 4:15 pm]
BILLING CODE 6715-01-P