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