Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0174; and -0191), 33262-33263 [2019-14802]

Download as PDF 33262 Federal Register / Vol. 84, No. 134 / Friday, July 12, 2019 / Notices SUMMARY OF ANNUAL BURDEN—Continued Information collection (IC) description Type of burden Obligation to respond Estimated number of respondents Estimated number of responses Estimated time per response (hours) Frequency of response Total Estimated Annual Burden Hours ... ......................... ......................... ...................... ...................... ...................... ......................... General Description of Collection: The FDIC’s policy statement on Qualifications for Failed Bank Acquisitions provides guidance to private capital investors interested in acquiring or investing in failed insured depository institutions regarding the terms and conditions for such investments or acquisitions. The information collected pursuant to the policy statement allows the FDIC to evaluate, among other things, whether such investors (and their related interests) could negatively impact the Deposit Insurance Fund, increase resolution costs, or operate in a manner that conflict with statutory safety and soundness principles and compliance requirements. According to data from FDIC Call Reports, there were eight (8) bank failures in 2015, five (5) failures in 2016, eight (8) failures in 2017, and zero bank failures in 2018 and the first five months of 2019. This is an average of fewer than 5 bank failures per year. Based on this recent data, the declining trend in failures, and the improvement in bank financial conditions, the FDIC believes that it is appropriate to reduce the expected number of respondents for Sections D and I from 10 per year to 3 while keeping the expected number of respondents at 3 per year for Section E. The estimated total number of hours per respondent, per year will remain unchanged at 48 hours. The 48 hours is comprised of 12 monthly reports of two hours each for Section D, four quarterly reports of two hours each for Section E, and four quarterly reports of four hours each for Section I. Thus the total estimated annual burden for the ICR is 144 hours as reflected in the table above This represents a reduction of 280 hours from the 2016 estimate of 424 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 July 9, 2019. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2019–14877 Filed 7–11–19; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064–0174; and –0191) Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (3064–0174; and –0191). SUMMARY: Total estimated annual burden (hours) 144 Comments must be submitted on or before September 10, 2019. DATES: 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–3128, 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 a.m. and 5 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–3128, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. SUPPLEMENTARY INFORMATION: Proposal to renew the following currently approved collection of information: 1. Title: Funding and Liquidity Risk Management. OMB Number: 3064–0174. Form Number: None. Affected Public: Businesses or other for-profits. Burden Estimate: ADDRESSES: jbell on DSK3GLQ082PROD with NOTICES SUMMARY OF ANNUAL BURDEN Estimated number of respondents Estimated number of responses Estimated time per response (hours) Information collection (IC) description Type of burden Par. 14—Strategies, Policies, Procedures and Risk Tolerances. Par. 20—Liquidity Risk Management, Measurement, Monitoring and Reporting. Recordkeeping Voluntary ......... 3,483 1 96.42 On Occasion ... 335,830.86 Reporting ......... Voluntary ......... 3,483 12 4 On Occasion ... 167,184 ......................... ......................... .................... .................... .................... ......................... 503,014.86 hours Total Estimated Annual Burden Hours ............. VerDate Sep<11>2014 16:55 Jul 11, 2019 Jkt 247001 PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 E:\FR\FM\12JYN1.SGM 12JYN1 Frequency of response Total estimated annual burden (hours) Obligation to respond 33263 Federal Register / Vol. 84, No. 134 / Friday, July 12, 2019 / Notices General Description of Collection: The information collection includes reporting and recordkeeping burdens related to sound risk management principles applicable to insured depository institutions. To enable an institution and its supervisor to evaluate the liquidity risk exposure of an institution’s individual business lines and for the institution as a whole, the Interagency Policy Statement on Funding and Liquidity Risk Management (Interagency Statement) summarizes principles of sound liquidity risk management and advocates the establishment of policies and procedures that consider liquidity costs, benefits, and risks in strategic planning. In addition, the Interagency Statement encourages the use of liquidity risk reports that provide detailed and aggregate information on items such as cash flow gaps, cash flow projections, assumptions used in cash flow projections, asset and funding concentrations, funding availability, and early warning or risk indicators. This is intended to enable management to assess an institution’s sensitivity to changes in market conditions, the institution’s financial performance, and other important risk factors. 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: Interagency Guidance on Leveraged Lending. OMB Number: 3064–0191. Form Number: None. Affected Public: Insured state nonmember banks and savings associations. Burden Estimate: SUMMARY OF ANNUAL BURDEN Estimated number of responses Estimated time per response (hours) Type of burden Interagency Guidance on Leveraged Lending—Implementation. Interagency Guidance on Leveraged Lending—Ongoing. Recordkeeping Voluntary ......... 1 1 986.70 On Occasion ... 986.70 Recordkeeping Voluntary ......... 5 1 529.3 On Occasion ... 2,646.50 ......................... ......................... .................... .................... .................... ......................... 3,633.20 General Description of Collection: The Interagency Guidance on Leveraged Lending (Guidance) outlines for agency-supervised institutions highlevel principles related to safe-andsound leveraged lending activities, including underwriting considerations, assessing and documenting enterprise value, risk management expectations for credits awaiting distribution, stresstesting expectations, pipeline portfolio management, and risk management expectations for exposures held by the institution. This Guidance provides information to all financial institutions supervised by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the FDIC (the Agencies) that engage in leveraged lending activities. The number of community banks with substantial involvement in leveraged lending is small; therefore, the Agencies generally expect community banks to be largely unaffected by this information collection. 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. Request for Comment Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of VerDate Sep<11>2014 16:55 Jul 11, 2019 Jkt 247001 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 July 8, 2019. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2019–14802 Filed 7–11–19; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Sunshine Act Meeting Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation’s Board of Directors will meet in open session at 10:00 a.m. on Tuesday, July 16, 2019, to consider the following matters: PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 Frequency of response Total estimated annual burden (hours) Information collection (IC) description Total Estimated Annual Burden Hours ............. jbell on DSK3GLQ082PROD with NOTICES Estimated number of respondents Obligation to respond Summary Agenda No substantive discussion of the following items is anticipated. These matters will be resolved with a single vote unless a member of the Board of Directors requests that an item be moved to the discussion agenda. Disposition of Minutes of a Board of Directors’ Meeting Previously Distributed. Discussion Agenda Memorandum and resolution re: Final Rule on Recordkeeping for Timely Deposit Insurance Determination. Memorandum and resolution re: Final Rule on Joint Deposit Accounts. Memorandum and resolution re: Notice of Proposed Rulemaking— Proposed Amendment to Securitization Safe Harbor Rule. The meeting will be held in the Board Room located on the Sixth Floor of the FDIC Building located at 550 17th Street NW, Washington, DC. This Board meeting will be Webcast live via the internet and subsequently made available on-demand approximately one week after the event. Visit https://fdic.windrosemedia.com to view the event. If you need any technical assistance, please visit our Video Help page at: https:// www.fdic.gov/video.html. The FDIC will provide attendees with auxiliary aids (e.g., sign language interpretation) required for this meeting. Those attendees needing such assistance E:\FR\FM\12JYN1.SGM 12JYN1

Agencies

[Federal Register Volume 84, Number 134 (Friday, July 12, 2019)]
[Notices]
[Pages 33262-33263]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-14802]


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

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request (OMB No. 3064-0174; and -0191)

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 (PRA), invites the general public and other 
Federal agencies to take this opportunity to comment on the renewal of 
the existing information collections described below (3064-0174; and -
0191).

DATES: Comments must be submitted on or before September 10, 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: [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-3128, 
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 a.m. and 5 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, 
[email protected], MB-3128, Federal Deposit Insurance Corporation, 550 
17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: 
    Proposal to renew the following currently approved collection of 
information:
    1. Title: Funding and Liquidity Risk Management.
    OMB Number: 3064-0174.
    Form Number: None.
    Affected Public: Businesses or other for-profits.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                Total
                                                                                 Estimated    Estimated    Estimated                          estimated
   Information collection (IC)         Type of burden         Obligation to      number of    number of     time per       Frequency of         annual
           description                                           respond        respondents   responses     response         response           burden
                                                                                                            (hours)                            (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Par. 14--Strategies, Policies,     Recordkeeping........  Voluntary...........        3,483            1        96.42  On Occasion.........   335,830.86
 Procedures and Risk Tolerances.
Par. 20--Liquidity Risk            Reporting............  Voluntary...........        3,483           12            4  On Occasion.........      167,184
 Management, Measurement,
 Monitoring and Reporting.
rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
    Total Estimated Annual Burden  .....................  ....................  ...........  ...........  ...........  ....................   503,014.86
     Hours.                                                                                                                                        hours
--------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 33263]]

    General Description of Collection: The information collection 
includes reporting and recordkeeping burdens related to sound risk 
management principles applicable to insured depository institutions. To 
enable an institution and its supervisor to evaluate the liquidity risk 
exposure of an institution's individual business lines and for the 
institution as a whole, the Interagency Policy Statement on Funding and 
Liquidity Risk Management (Interagency Statement) summarizes principles 
of sound liquidity risk management and advocates the establishment of 
policies and procedures that consider liquidity costs, benefits, and 
risks in strategic planning. In addition, the Interagency Statement 
encourages the use of liquidity risk reports that provide detailed and 
aggregate information on items such as cash flow gaps, cash flow 
projections, assumptions used in cash flow projections, asset and 
funding concentrations, funding availability, and early warning or risk 
indicators. This is intended to enable management to assess an 
institution's sensitivity to changes in market conditions, the 
institution's financial performance, and other important risk factors.
    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: Interagency Guidance on Leveraged Lending.
    OMB Number: 3064-0191.
    Form Number: None.
    Affected Public: Insured state nonmember banks and savings 
associations.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                Total
                                                                                 Estimated    Estimated    Estimated                          estimated
   Information collection (IC)         Type of burden         Obligation to      number of    number of     time per       Frequency of         annual
           description                                           respond        respondents   responses     response         response           burden
                                                                                                            (hours)                            (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Interagency Guidance on Leveraged  Recordkeeping........  Voluntary...........            1            1       986.70  On Occasion.........       986.70
 Lending--Implementation.
Interagency Guidance on Leveraged  Recordkeeping........  Voluntary...........            5            1        529.3  On Occasion.........     2,646.50
 Lending--Ongoing.
                                                                               ---------------------------------------                      ------------
    Total Estimated Annual Burden  .....................  ....................  ...........  ...........  ...........  ....................     3,633.20
     Hours.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection:
    The Interagency Guidance on Leveraged Lending (Guidance) outlines 
for agency-supervised institutions high-level principles related to 
safe-and-sound leveraged lending activities, including underwriting 
considerations, assessing and documenting enterprise value, risk 
management expectations for credits awaiting distribution, stress-
testing expectations, pipeline portfolio management, and risk 
management expectations for exposures held by the institution. This 
Guidance provides information to all financial institutions supervised 
by the Office of the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System and the FDIC (the Agencies) 
that engage in leveraged lending activities. The number of community 
banks with substantial involvement in leveraged lending is small; 
therefore, the Agencies generally expect community banks to be largely 
unaffected by this information collection.
    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.

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 July 8, 2019.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019-14802 Filed 7-11-19; 8:45 am]
 BILLING CODE 6714-01-P


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