Agency Information Collection Activities: Submission for OMB Review; Comment Request, 1123-1125 [2019-00560]

Download as PDF 1123 Federal Register / Vol. 84, No. 22 / Friday, February 1, 2019 / Notices portfolios for two years. Section 324.206(b)(3) requires FDIC-supervised institutions to have policies and procedures that describe how they determine the period of significant financial stress used to calculate the institution’s stressed value-at-risk models and to obtain prior FDIC approval for any material changes to these policies and procedures. Section 324.207(b)(1) details requirements applicable to a FDICsupervised institution when the FDICsupervised institution uses internal models to measure the specific risk of certain covered positions. Section 324.208 requires FDIC-supervised institutions to obtain prior written FDIC approval for incremental risk modeling. Section 324.209(a) requires prior FDIC approval for the use of a comprehensive risk measure. Section 324.209(c)(2) requires FDIC-supervised institutions to retain and report the results of supervisory stress testing. Section 324.210(f)(2)(i) requires FDICsupervised institutions to document an internal analysis of the risk characteristics of each securitization position in order to demonstrate an understanding of the position. Section 324.212 requires quarterly quantitative disclosures, annual qualitative disclosures, and a formal disclosure policy approved by the board of directors that addresses the approach for determining the market risk disclosures it makes. The annual burden for this information collection is estimated to be 5,228 hours. This represents an increase of 1,300 hours from the current burden estimate of 3,928 hours. This increase is not due to any new requirements imposed by the FDIC. Rather, it is due to FDIC’s reassessment of the number of respondents as well as the frequency of responses per respondent per year. 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 January 28, 2019. Federal Deposit Insurance Corporation. Valerie Best, Assistant Executive Secretary. [FR Doc. 2019–00558 Filed 1–31–19; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION [OMB No. 3064–0117; –0145; and –0152] 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: 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 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. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Agency Information Collection Activities: Submission for OMB Review; Comment Request AGENCY: Manny Cabeza, Counsel, 202–898–3767, mcabeza@fdic.gov, MB–3007, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (control Numbers 3064–0117; 3064– 0145; and 3064–0152). On November 23, 2018, the FDIC requested comment for 60 days on a proposal to renew these information collections. No comments were received. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the renewal of these collections, and again invites comment on their renewal. DATES: Comments must be submitted on or before March 4, 2019. On November 23, 2018, the FDIC requested comment for 60 days on a proposal to renew the information collections described below.1 No comments were received. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the renewal of these collections, and again invites comment on these renewals. Proposal to renew the following currently approved collections of information: 1. Title: Mutual-to-Stock Conversion of State Savings Banks. OMB Number: 3064–0117. Form Number: None. Affected Public: Insured state savings associations. Burden Estimate: Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. SUMMARY: SUPPLEMENTARY INFORMATION: SUMMARY OF ANNUAL BURDEN Mutual-to-Stock Conversion of State Savings Bank. 1 83 Type of burden Obligation to respond Reporting ....... Mandatory ...... Estimated number of respondents Estimated frequency of responses 5 Estimated time per response (hours) 1 250 FR 59833 (November 23, 2018). VerDate Sep<11>2014 21:23 Jan 31, 2019 Jkt 247001 PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 E:\FR\FM\01FEN1.SGM 01FEN1 Frequency of response On Occasion .. Total annual estimated burden (hours) 1,250 1124 Federal Register / Vol. 84, No. 22 / Friday, February 1, 2019 / Notices SUMMARY OF ANNUAL BURDEN—Continued Total Hourly Burden. Type of burden Obligation to respond Estimated number of respondents Estimated frequency of responses Estimated time per response (hours) Frequency of response ........................ ........................ ........................ ........................ ........................ ........................ General Description of Collection: State savings associations must file a notice of intent to convert to stock form, and provide the FDIC with copies of documents filed with state and federal banking and/or securities regulators in connection with any proposed mutualto-stock conversion. There is no change in the method or substance of the collection. The overall reduction in burden hours is the result of economic fluctuation. In particular, the number of respondents has decreased while the hours per response and frequency of responses have remained the same. Total annual estimated burden (hours) 1,250 2. Title: Notice Regarding Unauthorized Access to Customer Information. OMB Number: 3064–0145. Form Number: None. Affected Public: Insured state nonmember banks Burden Estimate: SUMMARY OF ANNUAL BURDEN Implementation (One Time): Develop Policies and Procedures for Response Program. Ongoing: Notice Regarding Unauthorized Access to Customer Information. Total Estimated Annual Burden ...... General Description of Collection: The Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice describes the federal banking agencies’ expectations regarding a response program, including customer notification procedures, that a financial institution should develop and apply under the circumstances described in the Guidance to address unauthorized access to or use of customer information that could result in substantial harm or Estimated time per response (hours) Estimated number of respondents Type of burden Frequency of response Total estimated annual burden hours Recordkeeping ..................... 2 24 1 ..................... 48 Third Party Disclosure ......... 315 36 On Occasion .. 11,340 .............................................. ........................ ........................ ........................ 11,388 inconvenience to a customer. The Guidance advises financial institutions when and how they might: (1) Develop notices to customers; (2) in certain circumstances defined in the Guidance, determine which customers should receive the notices; and (3) send the notices to customers. There is no change in the method or substance of the information collection. With respect to the third party disclosure requirements associated with providing notices regarding unauthorized access to customer information, the FDIC revised its estimate of the response time from 29 hours per response to 36 hours per response. The agency also revised its estimate of the number of annual respondents from 80 to 315 to reflect current industry trend data. 3. Title: Identity Theft Red Flags. OMB Number: 3064–0152. Form Number: None. Affected Public: Insured state nonmember banks. Burden Estimate: SUMMARY OF ANNUAL BURDEN FACT Act Sections 114 and 315—Establish policies and Procedures. FACT Act Section 315—Provide accurate confirmed address. Total Hourly Burden. VerDate Sep<11>2014 Estimated number of respondents Estimated frequency of responses Estimated time per response (hours) Obligation to respond Recordkeeping Mandatory ...... 3,575 1 16 On Occasion .. 57,200 Third-Party Disclosure. Mandatory ...... 3,575 1 4 On Occasion .. 14,300 ........................ ........................ ........................ ........................ ........................ ........................ 71,500 22:12 Jan 31, 2019 Jkt 247001 PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 E:\FR\FM\01FEN1.SGM Frequency of response Total annual estimated burden (hours) Type of burden 01FEN1 Federal Register / Vol. 84, No. 22 / Friday, February 1, 2019 / Notices General Description of Collection: The regulation containing this information collection requirement is 12 CFR part 334, which implements sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), Public Law 108–159 (2003). FACT Act Section 114: Section 114 requires the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the FDIC (the Agencies) to jointly propose guidelines for financial institutions and creditors identifying patterns, practices, and specific forms of activity that indicate the possible existence of identity theft. In addition, each financial institution and creditor is required to establish reasonable policies and procedures to address the risk of identity theft that incorporate the guidelines. Credit card and debit card issuers must develop policies and procedures to assess the validity of a request for a change of address under certain circumstances. The information collections pursuant to section 114 require each financial institution and creditor to create an Identity Theft Prevention Program and report to the board of directors, a committee thereof, or senior management at least annually on compliance with the proposed regulations. In addition, staff must be trained to carry out the program. Each credit and debit card issuer is required to establish policies and procedures to assess the validity of a change of address request. The card issuer must notify the cardholder or use another means to assess the validity of the change of address. FACT Act Section 315: Section 315 requires the Agencies to issue regulations providing guidance regarding reasonable policies and procedures that a user of consumer reports must employ when such a user receives a notice of address discrepancy from a consumer reporting agencies. Part 334 provides such guidance. Each user of consumer reports must develop reasonable policies and procedures that it will follow when it receives a notice of address discrepancy from a consumer reporting agency. A user of consumer reports must furnish an address that the user has reasonably confirmed to be accurate to the consumer reporting agency from which it receives a notice of address discrepancy. There is no change in the method or substance of the information collection. The total estimated annual burden hours have increased because of the inclusion of the agency’s estimate of third-party disclosure burden associated with the notices required by Section 315 VerDate Sep<11>2014 21:23 Jan 31, 2019 Jkt 247001 1125 of the FACT Act which were previously not included because the agencies had taken the position that the entities covered by the regulation were already furnishing addresses that they had reasonably confirmed to be accurate to consumer reporting agencies from which they receive a notice of address discrepancy as a usual and customary business practice. The above burden estimate now includes burden for the third-party disclosure requirements associated with Section 315 which resulted in an increase in estimated annual burden of 14,300 hours. This increase was offset, in part, by a reduction in the estimated number of respondents from 4,017 to 3,575 which resulted in a decrease in the estimated annual burden for the recordkeeping requirement associated with Sections 114 and 315 from 64,272 hour to 57,200 hours. The net effect of the revision is an increase in estimated annual burden from 64,272 hours to 71,500 hours. Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended, notice is hereby given that the Appraisal Subcommittee (ASC) will meet in open session for its regular meeting: Location: Federal Reserve Board— International Square Location, 1850 K Street NW, Washington, DC 20006. Date: February 13, 2019. Time: 10:00 a.m. Status: Open. 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. How To Attend and Observe an ASC Meeting Dated at Washington, DC, on January 28, 2019. Federal Deposit Insurance Corporation. Valerie Best, Assistant Executive Secretary. Reports Chairman Executive Director Delegated State Compliance Reviews Financial Report Action and Discussion Items Open Session Minutes • August 29, 2018 Reprogramming Request for FY18 Appraisal Foundation Grant ASC Roundtable Summary If you plan to attend the ASC Meeting in person, we ask that you send an email to meetings@asc.gov. You may register until close of business four business days before the meeting date. You will be contacted by the Federal Reserve Law Enforcement Unit on security requirements. You will also be asked to provide a valid governmentissued ID before being admitted to the Meeting. The meeting space is intended to accommodate public attendees. However, if the space will not accommodate all requests, the ASC may refuse attendance on that reasonable basis. The use of any video or audio tape recording device, photographing device, or any other electronic or mechanical device designed for similar purposes is prohibited at ASC Meetings. [FR Doc. 2019–00560 Filed 1–31–19; 8:45 am] Dated: January 29, 2019. James R. Park, Executive Director. BILLING CODE 6714–01–P [FR Doc. 2019–00668 Filed 1–31–19; 8:45 am] BILLING CODE 6700–01–P FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL [Docket No. AS19–01] Appraisal Subcommittee; Notice of Meeting Appraisal Subcommittee of the Federal Financial Institutions Examination Council. ACTION: Notice of meeting. AGENCY: Description: In accordance with Section 1104(b) of Title XI of the PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (‘‘Act’’) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on E:\FR\FM\01FEN1.SGM 01FEN1

Agencies

[Federal Register Volume 84, Number 22 (Friday, February 1, 2019)]
[Notices]
[Pages 1123-1125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00560]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0117; -0145; and -0152]


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 obligations under the Paperwork 
Reduction Act of 1995, invites the general public and other Federal 
agencies to take this opportunity to comment on the renewal of the 
existing information collections described below (control Numbers 3064-
0117; 3064-0145; and 3064-0152). On November 23, 2018, the FDIC 
requested comment for 60 days on a proposal to renew these information 
collections. No comments were received. The FDIC hereby gives notice of 
its plan to submit to OMB a request to approve the renewal of these 
collections, and again invites comment on their renewal.

DATES: Comments must be submitted on or before March 4, 2019.

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: 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 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: Manny Cabeza, Counsel, 202-898-3767, 
mcabeza@fdic.gov, MB-3007, Federal Deposit Insurance Corporation, 550 
17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On November 23, 2018, the FDIC requested 
comment for 60 days on a proposal to renew the information collections 
described below.\1\ No comments were received. The FDIC hereby gives 
notice of its plan to submit to OMB a request to approve the renewal of 
these collections, and again invites comment on these renewals.
---------------------------------------------------------------------------

    \1\ 83 FR 59833 (November 23, 2018).
---------------------------------------------------------------------------

    Proposal to renew the following currently approved collections of 
information:
    1. Title: Mutual-to-Stock Conversion of State Savings Banks.
    OMB Number: 3064-0117.
    Form Number: None.
    Affected Public: Insured state savings associations.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                         Estimated       Estimated    Estimated time                       Total annual
                                Type of burden       Obligation to       number of     frequency of    per response      Frequency of        estimated
                                                        respond         respondents      responses        (hours)          response       burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Mutual-to-Stock Conversion    Reporting.........  Mandatory.........               5               1             250  On Occasion.......           1,250
 of State Savings Bank.
                             ---------------------------------------------------------------------------------------------------------------------------

[[Page 1124]]

 
    Total Hourly Burden.....  ..................  ..................  ..............  ..............  ..............  ..................           1,250
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: State savings associations must 
file a notice of intent to convert to stock form, and provide the FDIC 
with copies of documents filed with state and federal banking and/or 
securities regulators in connection with any proposed mutual-to-stock 
conversion.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is the result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response and frequency of responses have remained 
the same.
    2. Title: Notice Regarding Unauthorized Access to Customer 
Information.
    OMB Number: 3064-0145.
    Form Number: None.
    Affected Public: Insured state nonmember banks
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                               Total
                                                                                   Estimated    Estimated time                               estimated
                                                   Type of burden                  number of     per response     Frequency of response    annual burden
                                                                                  respondents       (hours)                                    hours
--------------------------------------------------------------------------------------------------------------------------------------------------------
Implementation (One Time):                                                                                                                ..............
    Develop Policies and Procedures  Recordkeeping............................               2              24  1.......................              48
     for Response Program.
Ongoing:
    Notice Regarding Unauthorized    Third Party Disclosure...................             315              36  On Occasion.............          11,340
     Access to Customer Information.
                                                                               -------------------------------------------------------------------------
        Total Estimated Annual       .........................................  ..............  ..............  ........................          11,388
         Burden.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Interagency Guidance on 
Response Programs for Unauthorized Access to Customer Information and 
Customer Notice describes the federal banking agencies' expectations 
regarding a response program, including customer notification 
procedures, that a financial institution should develop and apply under 
the circumstances described in the Guidance to address unauthorized 
access to or use of customer information that could result in 
substantial harm or inconvenience to a customer. The Guidance advises 
financial institutions when and how they might: (1) Develop notices to 
customers; (2) in certain circumstances defined in the Guidance, 
determine which customers should receive the notices; and (3) send the 
notices to customers.
    There is no change in the method or substance of the information 
collection. With respect to the third party disclosure requirements 
associated with providing notices regarding unauthorized access to 
customer information, the FDIC revised its estimate of the response 
time from 29 hours per response to 36 hours per response. The agency 
also revised its estimate of the number of annual respondents from 80 
to 315 to reflect current industry trend data.
    3. Title: Identity Theft Red Flags.
    OMB Number: 3064-0152.
    Form Number: None.
    Affected Public: Insured state nonmember banks.
    Burden Estimate:

                                                                Summary of Annual burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                         Estimated       Estimated    Estimated time                       Total annual
                                Type of burden       Obligation to       number of     frequency of    per response      Frequency of        estimated
                                                        respond         respondents      responses        (hours)          response       burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
FACT Act Sections 114 and     Recordkeeping.....  Mandatory.........           3,575               1              16  On Occasion.......          57,200
 315--Establish policies and
 Procedures.
FACT Act Section 315--        Third-Party         Mandatory.........           3,575               1               4  On Occasion.......          14,300
 Provide accurate confirmed    Disclosure.
 address.
                                                                     -----------------------------------------------------------------------------------
    Total Hourly Burden.....  ..................  ..................  ..............  ..............  ..............  ..................          71,500
--------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 1125]]

    General Description of Collection: The regulation containing this 
information collection requirement is 12 CFR part 334, which implements 
sections 114 and 315 of the Fair and Accurate Credit Transactions Act 
of 2003 (FACT Act), Public Law 108-159 (2003).
    FACT Act Section 114: Section 114 requires the Board of Governors 
of the Federal Reserve System, the Office of the Comptroller of the 
Currency and the FDIC (the Agencies) to jointly propose guidelines for 
financial institutions and creditors identifying patterns, practices, 
and specific forms of activity that indicate the possible existence of 
identity theft. In addition, each financial institution and creditor is 
required to establish reasonable policies and procedures to address the 
risk of identity theft that incorporate the guidelines. Credit card and 
debit card issuers must develop policies and procedures to assess the 
validity of a request for a change of address under certain 
circumstances.
    The information collections pursuant to section 114 require each 
financial institution and creditor to create an Identity Theft 
Prevention Program and report to the board of directors, a committee 
thereof, or senior management at least annually on compliance with the 
proposed regulations. In addition, staff must be trained to carry out 
the program. Each credit and debit card issuer is required to establish 
policies and procedures to assess the validity of a change of address 
request. The card issuer must notify the cardholder or use another 
means to assess the validity of the change of address.
    FACT Act Section 315: Section 315 requires the Agencies to issue 
regulations providing guidance regarding reasonable policies and 
procedures that a user of consumer reports must employ when such a user 
receives a notice of address discrepancy from a consumer reporting 
agencies. Part 334 provides such guidance. Each user of consumer 
reports must develop reasonable policies and procedures that it will 
follow when it receives a notice of address discrepancy from a consumer 
reporting agency. A user of consumer reports must furnish an address 
that the user has reasonably confirmed to be accurate to the consumer 
reporting agency from which it receives a notice of address 
discrepancy.
    There is no change in the method or substance of the information 
collection. The total estimated annual burden hours have increased 
because of the inclusion of the agency's estimate of third-party 
disclosure burden associated with the notices required by Section 315 
of the FACT Act which were previously not included because the agencies 
had taken the position that the entities covered by the regulation were 
already furnishing addresses that they had reasonably confirmed to be 
accurate to consumer reporting agencies from which they receive a 
notice of address discrepancy as a usual and customary business 
practice. The above burden estimate now includes burden for the third-
party disclosure requirements associated with Section 315 which 
resulted in an increase in estimated annual burden of 14,300 hours. 
This increase was offset, in part, by a reduction in the estimated 
number of respondents from 4,017 to 3,575 which resulted in a decrease 
in the estimated annual burden for the recordkeeping requirement 
associated with Sections 114 and 315 from 64,272 hour to 57,200 hours. 
The net effect of the revision is an increase in estimated annual 
burden from 64,272 hours to 71,500 hours.

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 January 28, 2019.

Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019-00560 Filed 1-31-19; 8:45 am]
 BILLING CODE 6714-01-P