Request for Information on FDIC Communication and Transparency, 50369-50370 [2018-21704]

Download as PDF Federal Register / Vol. 83, No. 194 / Friday, October 5, 2018 / Notices • Vinyl chloride (EPA–HQ–OPPT– 2018–0448). • m-Xylene (EPA–HQ–OPPT–2018– 0441). • o-Xylene (EPA–HQ–OPPT–2018– 0445). • p-Xylene (EPA–HQ–OPPT–2018– 0447). In addition, EPA is interested in the public’s input on chemicals not on the 2014 Update to the TSCA Work Plan for Chemical Assessments for consideration as potential candidates for prioritization under TSCA. EPA welcomes the submittal of information to the docket that would support the consideration of the chemicals suggested, such as information on use, hazard, and exposure. EPA is opening docket number EPA–HQ–OPPT–2018–0592 for this purpose. Authority: 15 U.S.C. 2601 et seq. Dated: September 27, 2018. Jeffery T. Morris, Director, Office of Pollution Prevention and Toxics. [FR Doc. 2018–21747 Filed 10–4–18; 8:45 am] BILLING CODE 6560–50–P FEDERAL DEPOSIT INSURANCE CORPORATION RIN 3064–ZA02 Request for Information on FDIC Communication and Transparency Overview of Request for Information Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and Request for Information. AGENCY: The FDIC is seeking comments and information from interested parties on the FDIC’s communication methods and related initiatives to promote efficiency and increase transparency. DATES: Comments must be received by December 4, 2018. ADDRESSES: You may submit comments, identified by RIN 3064–ZA02, by any of the following methods: • Agency website: https:// www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the Agency website. • Email: Comments@fdic.gov. Include the RIN 3064–ZA02 in the subject line of the message. • Mail: Robert E. Feldman, Executive Secretary, Attention: Comments, 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 550 17th Street NW daltland on DSKBBV9HB2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:11 Oct 04, 2018 Jkt 247001 building (located on F Street) on business days between 7:00 a.m. and 5:00 p.m. Public Inspection: All comments received must include the agency name and RIN for this rulemaking. All comments received will be posted without change to https://www.fdic.gov/ regulations/laws/federal/—including any personal information provided—for public inspection. Paper copies of public comments may be ordered from the FDIC Public Information Center, 3501 North Fairfax Drive, Room E–1002, Arlington, VA 22226 by telephone at (877) 275–3342 or (703) 562–2200. FOR FURTHER INFORMATION CONTACT: Tanya Otsuka, Counsel, (202) 898–6816, taotsuka@FDIC.gov. SUPPLEMENTARY INFORMATION: The FDIC is responsible for maintaining stability and public confidence in the nation’s financial system by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, making large and complex financial institutions resolvable, and managing receiverships. In order to accomplish this mission, the FDIC must be able to communicate efficiently and effectively with financial institutions. As described further below, the FDIC is soliciting comment on how to streamline and improve communication with insured depository institutions. The Federal Deposit Insurance Corporation (‘‘FDIC’’ or ‘‘Agency’’) is issuing this request for information to seek public input on how to make the FDIC’s communication with insured depository institutions (IDIs) more effective, streamlined, and clear. While the FDIC’s communication with financial institutions is essential to fulfill its statutory mandate, the FDIC recognizes that the amount of information the Agency provides to banks can create challenges for institutions. For example, staying current on relevant communications may be particularly difficult for community banks. Accordingly, the FDIC is soliciting comment on how to maximize efficiency and minimize burden associated with obtaining information on FDIC laws, regulations, policies, and other materials relevant to IDIs. Current Forms of Communication The FDIC uses many forms of communication to inform IDIs about regulations, policies and guidance, industry data and educational materials, and other news and updates. Some PO 00000 Frm 00039 Fmt 4703 Sfmt 4703 50369 forms of communication may be used to disseminate more than one type of information, and some materials may be distributed through multiple channels. These forms of communication include, but are not limited to: Regulations, Policies, Procedures, and Guidance • Federal Register: The FDIC publishes in the Federal Register proposed and final rules, requests for information, and other notices, including statements of policy and certain guidance or interpretations.1 • Unified Agenda: Twice each year through the Unified Agenda process, the FDIC makes available an agenda of regulations to inform the public of its regulatory actions and to enhance public participation in the rulemaking process.2 The agenda contains information about FDIC’s current and projected rulemakings, existing regulations under review, and completed rulemakings. • Financial Institution Letters (FILs): The FDIC uses FILs to distribute information to all or a subset of FDICinsured institutions, which letters are also posted on the FDIC website in chronological order. FILs may announce new regulations and policies, new FDIC publications, and a variety of other matters of principal interest to those responsible for operating a bank or savings association. • Statements of Policy: The FDIC may use statements of policy to advise the public prospectively of the manner in which the FDIC proposes to exercise its authorities or view certain matters under applicable law. • Examination Manuals • Frequently Asked Questions (FAQs) or Questions and Answers (Q&As) • Memoranda • Supervisory Guidance Documents, Statements, and Advisories • FDIC Open Board Meetings News and Updates • • • • Press Releases FDIC Consumer News Annual Reports Newsletters (e.g., Regional Newsletters, Money Smart News) • Consumer Alerts • Regulatory Calendar 1 The FDIC posts documents published in the Federal Register chronologically on the FDIC website. See https://www.fdic.gov/regulations/laws/ federal/. 2 Publication of the agenda is in accordance with the Regulatory Flexibility Act. See 5 U.S.C. 601 et seq. E:\FR\FM\05OCN1.SGM 05OCN1 50370 Federal Register / Vol. 83, No. 194 / Friday, October 5, 2018 / Notices Industry Data, Educational Materials, and Outreach • Quarterly Banking Profile • Studies (e.g., FDIC Community Banking Study) • White Papers • Surveys (e.g., National Survey of Unbanked and Underbanked Households) • FDIC Videos, Webcasts, Webinars • Roundtables • Industry Conferences • Advisory Committee Meetings • Community Outreach Program/ Listening Tours • Industry Conference Calls • Supervisory Insights • FDIC Brochures • Community Bank Resource Kit General Communication • FDIC.gov website 3 • Social Media (e.g., Twitter, Facebook, LinkedIn, YouTube) • Email subscriptions • RSS Feeds Direct Communication • Hotlines (e.g., 1–877–ASK–FDIC) • Assistance forms (e.g., Business Assistance Form, Deposit Insurance Form, Interagency Appraisal Complaint Form, Potential Franchise Bidder Contact Form) • Email Boxes (e.g., webmaster@ fdic.gov, assessments@fdic.gov, supervision@fdic.gov, FDICInquiriesandComp@fdic.gov) • FDICconnect: The FDIC communicates directly with banks through FDICconnect, the secure internet channel for FDIC-insured institutions to conduct business and exchange information with the FDIC. • Reports of Examination • Letters • Emails • Telephone calls • In-Person Meetings • Compliance Reviews • Assessment Quarterly Certified Statement Invoice packet daltland on DSKBBV9HB2PROD with NOTICES Suggested Topics for Commenters To reduce burden for institutions and others seeking information, both in terms of expending fewer resources to find relevant information and decreasing the amount of information that needs to be reviewed, the FDIC is seeking input on how best to streamline and improve communication with the industry. The FDIC encourages comments from all interested members of the public, including but not limited to insured depository institutions, other financial institutions or companies, 3 https://www.fdic.gov. VerDate Sep<11>2014 17:11 Oct 04, 2018 Jkt 247001 individual depositors and consumers, consumer groups, and other members of the financial services industry. Please be as specific as possible to allow the FDIC to evaluate comments more effectively. In addition to general feedback on the FDIC’s communication, transparency, and related initiatives described above, the FDIC also requests input on the following more specific topics and questions related to the FDIC’s communication and transparency: information on how the FDIC markets assets and how interested parties can bid on assets offered for sale, as well as asset purchaser workshops marketed extensively to minority- and womenowned investors and companies interested in learning about the process for failed bank asset sales. Are there additional ways that the FDIC should consider communicating with institutions interested in acquiring failed institutions and assets? Efficiency 1. How effective are the FDIC’s current forms of communication, including those listed above? Which methods are the most effective? Which are the least effective? Are there other methods of communication the FDIC should consider? 2. Is it clear to IDIs which communication is supervisory in nature and which is purely informational? 3. Is the FDIC communicating through too many different forms and channels? Is the FDIC communicating too much information? Should some forms and channels of communication be eliminated? 4. How can the FDIC better streamline and organize its communication with IDIs in order to distribute important information more efficiently? 5. How appropriate is the timing and frequency of communication? Content 1. Which types of communication are best suited for informing IDIs about new policy initiatives, new laws and regulations, new guidance, new background or educational materials, news and other updates? 2. The FDIC is looking at ways to improve the process for disseminating information through FILs. The FDIC staff has reviewed all outstanding FILs issued between 1995 and 2017 to determine which ones should be archived, which should be preserved, and whether any could be combined with others to streamline the information provided to the industry. The removal of certain outdated FILs will reduce the amount of information supervised institutions need to review and make it easier to update and streamline documents that communicate supervisory expectations to the industry going forward. Should FILs be organized chronologically, by topic, by applicable regulation, or by institution size? Are FILs preferable to other forms of communication? Should the FDIC distinguish FILs that communicate regulations and policy from FILs that may be merely informational? Ease of Access 1. Is FDIC information readily available and easy to find? If not, how can the FDIC make it easier to receive and find information? 2. How can the FDIC improve the FDIC.gov website? Does the website search function provide helpful and relevant results? What aspects of the FDIC.gov website are most helpful? 3. Are there other forms of technology the FDIC should use to communicate with IDIs? 4. What is the most effective way for the FDIC to organize or flag communications that are relevant to community banks? 5. The FDIC provides an opportunity for institutions and their consumer compliance personnel to opt in to receive email alerts when the FDIC’s Compliance Examination Manual (CEM) is updated or revised. Are there additional ways that the FDIC should consider communicating about CEM updates and revisions? Are there other areas or contexts where email alerts from the FDIC would be helpful? 6. The FDIC engages in a variety of initiatives with institutions interested in acquiring failed institutions and assets, including outreach events that provide PO 00000 Frm 00040 Fmt 4703 Sfmt 4703 Dated at Washington, DC, on October 1, 2018. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2018–21704 Filed 10–4–18; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Termination of Receiverships The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law. E:\FR\FM\05OCN1.SGM 05OCN1

Agencies

[Federal Register Volume 83, Number 194 (Friday, October 5, 2018)]
[Notices]
[Pages 50369-50370]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-21704]


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FEDERAL DEPOSIT INSURANCE CORPORATION

RIN 3064-ZA02


Request for Information on FDIC Communication and Transparency

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and Request for Information.

-----------------------------------------------------------------------

SUMMARY: The FDIC is seeking comments and information from interested 
parties on the FDIC's communication methods and related initiatives to 
promote efficiency and increase transparency.

DATES: Comments must be received by December 4, 2018.

ADDRESSES: You may submit comments, identified by RIN 3064-ZA02, by any 
of the following methods:
     Agency website: https://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the Agency 
website.
     Email: [email protected]. Include the RIN 3064-ZA02 in the 
subject line of the message.
     Mail: Robert E. Feldman, Executive Secretary, Attention: 
Comments, 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 550 17th Street NW building (located on F 
Street) on business days between 7:00 a.m. and 5:00 p.m.
    Public Inspection: All comments received must include the agency 
name and RIN for this rulemaking. All comments received will be posted 
without change to https://www.fdic.gov/regulations/laws/federal/--
including any personal information provided--for public inspection. 
Paper copies of public comments may be ordered from the FDIC Public 
Information Center, 3501 North Fairfax Drive, Room E-1002, Arlington, 
VA 22226 by telephone at (877) 275-3342 or (703) 562-2200.

FOR FURTHER INFORMATION CONTACT: Tanya Otsuka, Counsel, (202) 898-6816, 
FDIC.gov">[email protected]FDIC.gov.

SUPPLEMENTARY INFORMATION: The FDIC is responsible for maintaining 
stability and public confidence in the nation's financial system by 
insuring deposits, examining and supervising financial institutions for 
safety and soundness and consumer protection, making large and complex 
financial institutions resolvable, and managing receiverships. In order 
to accomplish this mission, the FDIC must be able to communicate 
efficiently and effectively with financial institutions. As described 
further below, the FDIC is soliciting comment on how to streamline and 
improve communication with insured depository institutions.

Overview of Request for Information

    The Federal Deposit Insurance Corporation (``FDIC'' or ``Agency'') 
is issuing this request for information to seek public input on how to 
make the FDIC's communication with insured depository institutions 
(IDIs) more effective, streamlined, and clear. While the FDIC's 
communication with financial institutions is essential to fulfill its 
statutory mandate, the FDIC recognizes that the amount of information 
the Agency provides to banks can create challenges for institutions. 
For example, staying current on relevant communications may be 
particularly difficult for community banks.
    Accordingly, the FDIC is soliciting comment on how to maximize 
efficiency and minimize burden associated with obtaining information on 
FDIC laws, regulations, policies, and other materials relevant to IDIs.

Current Forms of Communication

    The FDIC uses many forms of communication to inform IDIs about 
regulations, policies and guidance, industry data and educational 
materials, and other news and updates. Some forms of communication may 
be used to disseminate more than one type of information, and some 
materials may be distributed through multiple channels. These forms of 
communication include, but are not limited to:

Regulations, Policies, Procedures, and Guidance

 Federal Register: The FDIC publishes in the Federal Register 
proposed and final rules, requests for information, and other notices, 
including statements of policy and certain guidance or 
interpretations.\1\
---------------------------------------------------------------------------

    \1\ The FDIC posts documents published in the Federal Register 
chronologically on the FDIC website. See https://www.fdic.gov/regulations/laws/federal/.
---------------------------------------------------------------------------

 Unified Agenda: Twice each year through the Unified Agenda 
process, the FDIC makes available an agenda of regulations to inform 
the public of its regulatory actions and to enhance public 
participation in the rulemaking process.\2\ The agenda contains 
information about FDIC's current and projected rulemakings, existing 
regulations under review, and completed rulemakings.
---------------------------------------------------------------------------

    \2\ Publication of the agenda is in accordance with the 
Regulatory Flexibility Act. See 5 U.S.C. 601 et seq.
---------------------------------------------------------------------------

 Financial Institution Letters (FILs): The FDIC uses FILs to 
distribute information to all or a subset of FDIC-insured institutions, 
which letters are also posted on the FDIC website in chronological 
order. FILs may announce new regulations and policies, new FDIC 
publications, and a variety of other matters of principal interest to 
those responsible for operating a bank or savings association.
 Statements of Policy: The FDIC may use statements of policy to 
advise the public prospectively of the manner in which the FDIC 
proposes to exercise its authorities or view certain matters under 
applicable law.
 Examination Manuals
 Frequently Asked Questions (FAQs) or Questions and Answers 
(Q&As)
 Memoranda
 Supervisory Guidance Documents, Statements, and Advisories
 FDIC Open Board Meetings

News and Updates

 Press Releases
 FDIC Consumer News
 Annual Reports
 Newsletters (e.g., Regional Newsletters, Money Smart News)
 Consumer Alerts
 Regulatory Calendar

[[Page 50370]]

Industry Data, Educational Materials, and Outreach

 Quarterly Banking Profile
 Studies (e.g., FDIC Community Banking Study)
 White Papers
 Surveys (e.g., National Survey of Unbanked and Underbanked 
Households)
 FDIC Videos, Webcasts, Webinars
 Roundtables
 Industry Conferences
 Advisory Committee Meetings
 Community Outreach Program/Listening Tours
 Industry Conference Calls
 Supervisory Insights
 FDIC Brochures
 Community Bank Resource Kit

General Communication

 FDIC.gov website \3\
---------------------------------------------------------------------------

    \3\ https://www.fdic.gov.
---------------------------------------------------------------------------

 Social Media (e.g., Twitter, Facebook, LinkedIn, YouTube)
 Email subscriptions
 RSS Feeds

Direct Communication

 Hotlines (e.g., 1-877-ASK-FDIC)
 Assistance forms (e.g., Business Assistance Form, Deposit 
Insurance Form, Interagency Appraisal Complaint Form, Potential 
Franchise Bidder Contact Form)
 Email Boxes (e.g., [email protected], [email protected], 
[email protected], [email protected])
 FDICconnect: The FDIC communicates directly with banks through 
FDICconnect, the secure internet channel for FDIC-insured institutions 
to conduct business and exchange information with the FDIC.
 Reports of Examination
 Letters
 Emails
 Telephone calls
 In-Person Meetings
 Compliance Reviews
 Assessment Quarterly Certified Statement Invoice packet

Suggested Topics for Commenters

    To reduce burden for institutions and others seeking information, 
both in terms of expending fewer resources to find relevant information 
and decreasing the amount of information that needs to be reviewed, the 
FDIC is seeking input on how best to streamline and improve 
communication with the industry. The FDIC encourages comments from all 
interested members of the public, including but not limited to insured 
depository institutions, other financial institutions or companies, 
individual depositors and consumers, consumer groups, and other members 
of the financial services industry. Please be as specific as possible 
to allow the FDIC to evaluate comments more effectively.
    In addition to general feedback on the FDIC's communication, 
transparency, and related initiatives described above, the FDIC also 
requests input on the following more specific topics and questions 
related to the FDIC's communication and transparency:

Efficiency

    1. How effective are the FDIC's current forms of communication, 
including those listed above? Which methods are the most effective? 
Which are the least effective? Are there other methods of communication 
the FDIC should consider?
    2. Is it clear to IDIs which communication is supervisory in nature 
and which is purely informational?
    3. Is the FDIC communicating through too many different forms and 
channels? Is the FDIC communicating too much information? Should some 
forms and channels of communication be eliminated?
    4. How can the FDIC better streamline and organize its 
communication with IDIs in order to distribute important information 
more efficiently?
    5. How appropriate is the timing and frequency of communication?

Ease of Access

    1. Is FDIC information readily available and easy to find? If not, 
how can the FDIC make it easier to receive and find information?
    2. How can the FDIC improve the FDIC.gov website? Does the website 
search function provide helpful and relevant results? What aspects of 
the FDIC.gov website are most helpful?
    3. Are there other forms of technology the FDIC should use to 
communicate with IDIs?
    4. What is the most effective way for the FDIC to organize or flag 
communications that are relevant to community banks?
    5. The FDIC provides an opportunity for institutions and their 
consumer compliance personnel to opt in to receive email alerts when 
the FDIC's Compliance Examination Manual (CEM) is updated or revised. 
Are there additional ways that the FDIC should consider communicating 
about CEM updates and revisions? Are there other areas or contexts 
where email alerts from the FDIC would be helpful?
    6. The FDIC engages in a variety of initiatives with institutions 
interested in acquiring failed institutions and assets, including 
outreach events that provide information on how the FDIC markets assets 
and how interested parties can bid on assets offered for sale, as well 
as asset purchaser workshops marketed extensively to minority- and 
women-owned investors and companies interested in learning about the 
process for failed bank asset sales. Are there additional ways that the 
FDIC should consider communicating with institutions interested in 
acquiring failed institutions and assets?

Content

    1. Which types of communication are best suited for informing IDIs 
about new policy initiatives, new laws and regulations, new guidance, 
new background or educational materials, news and other updates?
    2. The FDIC is looking at ways to improve the process for 
disseminating information through FILs. The FDIC staff has reviewed all 
outstanding FILs issued between 1995 and 2017 to determine which ones 
should be archived, which should be preserved, and whether any could be 
combined with others to streamline the information provided to the 
industry. The removal of certain outdated FILs will reduce the amount 
of information supervised institutions need to review and make it 
easier to update and streamline documents that communicate supervisory 
expectations to the industry going forward. Should FILs be organized 
chronologically, by topic, by applicable regulation, or by institution 
size? Are FILs preferable to other forms of communication? Should the 
FDIC distinguish FILs that communicate regulations and policy from FILs 
that may be merely informational?

    Dated at Washington, DC, on October 1, 2018.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-21704 Filed 10-4-18; 8:45 am]
 BILLING CODE 6714-01-P
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