Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0046; -0113; and -0169), 33259-33262 [2019-14877]
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Federal Register / Vol. 84, No. 134 / Friday, July 12, 2019 / Notices
Dated: June 27, 2019.
Scott Mathias,
Acting Director, Air Quality Policy Division.
[FR Doc. 2019–14884 Filed 7–11–19; 8:45 am]
BILLING CODE 6560–50–P
ENVIRONMENTAL PROTECTION
AGENCY
[FRL–9996–01–OMS]
National Advisory Council for
Environmental Policy and Technology
Environmental Protection
Agency (EPA).
ACTION: Notice of Federal Advisory
Committee meeting.
AGENCY:
Under the Federal Advisory
Committee Act, Public Law 92463, the
Environmental Protection Agency (EPA)
gives notice of a public meeting of the
National Advisory Council for
Environmental Policy and Technology
(NACEPT). NACEPT provides advice to
the EPA Administrator on a broad range
of environmental policy, technology,
and management issues. NACEPT
members represent academia, Business/
industry, non-governmental
organizations, and local, state, and tribal
governments. The purpose of this
meeting is for NACEPT to begin
developing recommendations in
response to the agency’s charge on how
to best incorporate a product durability
rating system to help protect the
environment and health of Alaskan
communities.
A copy of the meeting agenda will be
posted at https://www2.epa.gov/faca/
nacept.
DATES: NACEPT will hold a two-day
public meeting on July 25, 2019, from
9:30 a.m. to 5:30 p.m. (EST) and July 26,
2019, from 9:30 a.m. to 2 p.m. (EST).
ADDRESSES: The meeting will be held at
the EPA Headquarters, William Jefferson
Clinton Federal Building South, Room
2138, 1200 Pennsylvania Avenue NW,
Washington, DC 20460.
FOR FURTHER INFORMATION CONTACT:
Eugene Green, Designated Federal
Officer, green.eugene@epa.gov, (202)
564–2432, U.S. EPA, Federal Advisory
Committee Management Division
(MC1601M), 1200 Pennsylvania Avenue
NW, Washington, DC 20460.
SUPPLEMENTARY INFORMATION: Requests
to make oral comments or to provide
written comments to NACEPT should be
sent to Eugene Green at green.eugene@
jbell on DSK3GLQ082PROD with NOTICES
SUMMARY:
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epa.gov by July 18, 2019. The meeting
is open to the public, with limited
seating available on a first-come, firstserved basis. Members of the public
wishing to attend should contact Eugene
Green via email or by calling (202) 564–
2432 no later than July 18, 2019.
Meeting Access: Information regarding
accessibility and/or accommodations for
individuals with disabilities, should be
directed to Eugene Green at the email
address or phone number listed above.
To ensure adequate time for processing,
please make requests for
accommodations at least 10 days prior
to the meeting.
Dated: June 21, 2019.
Eugene Green,
Program Analyst.
[FR Doc. 2019–14883 Filed 7–11–19; 8:45 am]
BILLING CODE 6560–50–P
EXPORT–IMPORT BANK OF THE
UNITED STATES
Sunshine Act Meeting
Wednesday, July 31,
2019, at 9:30 a.m. (EST).
TIME AND DATE:
811 Vermont Avenue NW, Room
1125, Washington, DC 20571.
PLACE:
Portions of this meeting will be
open to the public. Remaining items
will be closed to the public.
STATUS:
Open
Meeting of the Board of Directors of the
Export-Import Bank of the United States
(EXIM Bank):
MATTERS TO BE CONSIDERED:
1. Small Business Update
2. Economic Impact Procedures
The
meeting will be open to public
participation for Items No. 1 & 2 only.
PORTIONS OPEN TO THE PUBLIC:
CONTACT PERSON FOR MORE INFORMATION:
Members of the public who wish to
attend the meeting should call Kita Hall,
Office of the General Counsel, 811
Vermont Avenue NW, Washington, DC
20571 (202) 565–3584 by 4:00 p.m.
(EST), Monday, July 29, 2019.
Joyce Brotemarkle Stone,
Assistant Corporate Secretary.
[FR Doc. 2019–14995 Filed 7–10–19; 4:15 pm]
BILLING CODE 6690–01–P
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33259
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request (OMB No.
3064–0046; –0113; and –0169)
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
(3064–0046; –0113; and –0169).
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: 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 7:00 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–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: Home Mortgage Disclosure
(HMDA).
OMB Number: 3064–0046.
Form Number: None.
Affected Public: Insured state
nonmember banks.
Burden Estimate:
SUMMARY:
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Federal Register / Vol. 84, No. 134 / Friday, July 12, 2019 / Notices
SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents
Information collection (IC)
description
Type of burden
Obligation to
respond
Home Mortgage Disclosure
Reporting .....................
Recordkeeping .............
Mandatory ..........
Mandatory ..........
Estimated
time per
response
(minutes)
Estimated
number of
responses
Frequency of
response
Total
estimated
annual
burden
(hours)
Full Data Set
650
650
1,400
1,400
5
5
On Occasion .........
On Occasion .........
75,833
75,833
Partial Data Set
Home Mortgage Disclosure
Recordkeeping .............
Reporting .....................
Mandatory ..........
Mandatory ..........
1,200
1,200
200
200
2.5
2.5
On Occasion .........
On Occasion .........
10,000
10,000
Total Estimated Annual
Burden Hours.
......................................
............................
........................
........................
........................
................................
1 171,667
General Description of Collection: The
Board of Governors of the Federal
Reserve System promulgated Regulation
C, 12 CFR part 203, to implement the
Home Mortgage Disclosure Act (HMDA),
12 U.S.C. 2801–2810. Regulation C
requires depository institutions that
meet its asset-size threshold to maintain
data about home loan applications (the
type of loan requested, the purpose of
the loan, whether the loan was
approved, and the type of purchaser if
the loan was later sold), to update the
information quarterly, and to report the
information annually. The Home
Mortgage Disclosure Act and Regulation
C now come under the authority of the
Consumer Finance Protection Bureau
(CFPB).
Pursuant to Regulation C, insured
state-nonmember banks supervised by
the FDIC with assets over a certain
dollar threshold must collect, record,
and report data about home loan
applications.2 For 2017 transactions,
1,865 FDIC-supervised institutions
reported under HMDA; 1,217 of these
institutions were small entities.3 4 For
transactions beginning in 2018, the set
of data fields to be reported under
HMDA was expanded. Institutions that
meet certain criteria are partially
exempt from reporting certain data
fields.5 To estimate the number of Full
and Partial filers for 2018, subject matter
experts (SMEs) in the Division of
Consumer Protection (DCP) examined
2016 and 2017 data collected under
HMDA, as well as preliminary data for
2018. Results from this analysis indicate
that for 2018 data, there were roughly
650 and 1,200 respondents to the Full
and Partial reporting requirements of
this information collection, respectively.
The frequency of responses was
estimated by taking the total number of
Full and Partial disclosure filings and
dividing that number by the number of
respondents.6
The frequency of response is ‘on
occasion’, which remains unchanged
from the 2016 ICR.7 Due to an increase
in the number of required items, the
estimated time per response for the Full
Data loan disclosure form will increase
from 5 minutes to 10 minutes. The
estimated time per response for the
Partial Data loan disclosure form will
remain unchanged at 5 minutes. For
both the Full and Partial loan
disclosure, the estimated burden is
divided equally among reporting and
recordkeeping.
2. Title: External Audits.
OMB Number: 3064–0113.
Form Number: None.
Affected Public: All insured financial
institutions with total assets of $500
million or more and other insured
financial institutions with total assets of
less than $500 million that voluntarily
choose to comply.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Information collection (IC) description
Type of burden
Obligation to
respond
Estimated
number of
respondents
Estimated
time per
response
(hours)
Estimated
number of
responses
Frequency of
response
Total
estimated
annual burden
(hours)
FDIC Supervised Institutions with $10 Billion or More in Total Assets
Annual Report ................................................
Audit Committee Composition .......................
jbell on DSK3GLQ082PROD with NOTICES
Filing of Other Reports ..................................
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
1 The one-hour difference in the Total Estimated
Annual Burden Hours is due to rounding.
2 Regulation C, 12 CFR part 1003, Home Mortgage
Disclosure, https://www.govinfo.gov/content/pkg/
CFR-2018-title12-vol8/pdf/CFR-2018-title12-vol8part1003-appA.pdf.
3 The SBA defines a small banking organization
as having $550 million or less in assets, where ‘‘a
financial institution’s assets are determined by
averaging the assets reported on its four quarterly
financial statements for the preceding year.’’ See 13
CFR 121.201 (as amended, effective December 2,
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Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
.......
.......
.......
.......
.......
.......
28
28
28
28
28
28
2014). ‘‘SBA counts the receipts, employees, or
other measure of size of the concern whose size is
at issue and all of its domestic and foreign
affiliates.’’ See 13 CFR 121.103. Following these
regulations, the FDIC uses a covered entity’s
affiliated and acquired assets, averaged over the
preceding four quarters, to determine whether the
covered entity is ‘‘small’’ for the purposes of RFA.
4 Call Report, December 31, 2017.
5 Interpretive and Procedural Rule, Partial
Exemptions from the Requirements of the Home
Mortgage Disclosure Act under the Economic
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1
1
1
1
1
1
150
150
3
3
.125
.125
Annually
Annually
Annually
Annually
Annually
Annually
..........
..........
..........
..........
..........
..........
4,200
4,200
84
84
3.5
3.5
Growth, Regulatory Relief, and Consumer
Protection Act (Regulation C), 83 FR 45325 https://
www.federalregister.gov/documents/2018/09/07/
2018-19244/partial-exemptions-from-therequirements-of-the-home-mortgage-disclosure-actunder-the-economic.
6 910,000 Full Data disclosures ÷ 650 respondents
= 1,400 disclosures per respondent. 240,000 Partial
Data disclosures ÷ 1,200 respondents = 200
disclosures per respondent.
7 See https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=201512-3064-006.
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33261
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
Notice of Change in Accountants ..................
Recordkeeping
Reporting .........
Mandatory .......
Mandatory .......
Estimated
number of
respondents
Estimated
time per
response
(hours)
Estimated
number of
responses
7
7
1
1
Frequency of
response
.25
.25
Annually ..........
Annually ..........
FDIC Supervised Institutions with $10 Billion or More in Total Assets
Total
estimated
annual burden
(hours)
1.75
1.75
8,578.5
FDIC Supervised Institutions with $3 Billion to $10 Billion in Total Assets
Annual Report ................................................
Audit Committee Composition .......................
Filing of Other Reports ..................................
Notice of Change in Accountants ..................
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
.......
.......
.......
.......
.......
.......
.......
.......
98
98
98
98
98
98
25
25
1
1
1
1
1
1
1
1
125
125
3
3
.125
.125
.25
.25
Annually
Annually
Annually
Annually
Annually
Annually
Annually
Annually
..........
..........
..........
..........
..........
..........
..........
..........
FDIC Supervised Institutions with $3 Billion to $10 Billion in Total Assets
12,250
12,250
294
294
12.25
12.25
6.25
6.25
25,125
FDIC Supervised Institutions with $1 Billion to $3 Billion in Total Assets
Annual Report ................................................
Audit Committee Composition .......................
Filing of Other Reports ..................................
Notice of Change in Accountants ..................
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
.......
.......
.......
.......
.......
.......
.......
.......
225
225
225
225
225
225
56
56
1
1
1
1
1
1
1
1
100
100
2
2
.125
.125
.25
.25
Annually
Annually
Annually
Annually
Annually
Annually
Annually
Annually
..........
..........
..........
..........
..........
..........
..........
..........
FDIC Supervised Institutions with $1 Billion to $3 Billion in Total Assets
22,500
22,500
450
450
28.125
28.125
14
14
45,984.25
FDIC Supervised Institutions with $500 Million to $1 Billion in Total Assets
Annual Report ................................................
Audit Committee Composition .......................
Filing of Other Reports ..................................
Notice of Change in Accountants ..................
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
.......
.......
.......
.......
.......
.......
.......
.......
401
401
401
401
401
401
100
100
1
1
1
1
1
1
1
1
12.5
12.5
1
1
.125
.125
.25
.25
Annually
Annually
Annually
Annually
Annually
Annually
Annually
Annually
..........
..........
..........
..........
..........
..........
..........
..........
FDIC Supervised Institutions with $500 Million to $1 Billion in Total Assets
5,012.5
5,012.5
401
401
50.125
50.125
25
25
10,977.25
FDIC Supervised Institutions with Less Than $500 Million in Total Assets
Filing of Other Reports ..................................
Recordkeeping
Reporting .........
Mandatory .......
Mandatory .......
3,291
3.291
1
2
.25
.25
Annually ..........
Annually ..........
FDIC Supervised Institutions with $500 Million to $1 Billion in Total Assets
Total Estimated Annual Burden ..............
.........................
General Description of Collection:
FDIC’s regulations at 12 CFR part 363
establish annual independent audit and
reporting requirements for financial
institutions with total assets of $500
million or more. The requirements
include the submission of an annual
report on their financial statements,
.........................
......................
822.75
1,645.5
2,468.25
......................
recordkeeping about management
deliberations regarding external
auditing and reports about changes in
auditors. The information collected is
used to facilitate early identification of
problems in financial management at
financial institutions.
......................
.........................
93,133.25
3. Title: Qualifications for Failed Bank
Acquisitions.
OMB Number: 3064–0169.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:
jbell on DSK3GLQ082PROD with NOTICES
SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents
Estimated
time per
response
(hours)
Estimated
number of
responses
Type of burden
Obligation to
respond
Section D—Investor Reports on Affiliates .....
Section E—Maintenance of Business Books
and Records.
Section I—Disclosures Regarding Investors
and Entities in Ownership Chain.
Reporting .........
Recordkeeping
Mandatory .......
Mandatory .......
3
3
12
4
2
2
On Occasion ...
On Occasion ...
72
24
Reporting .........
Mandatory .......
3
4
4
On Occasion ...
48
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Frequency of
response
Total
estimated
annual burden
(hours)
Information collection (IC) description
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
]]>Agencies
[Federal Register Volume 84, Number 134 (Friday, July 12, 2019)]
[Notices]
[Pages 33259-33262]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-14877]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request (OMB No. 3064-0046; -0113; and -0169)
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 (3064-0046; -0113;
and -0169).
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 7:00 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,
[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: Home Mortgage Disclosure (HMDA).
OMB Number: 3064-0046.
Form Number: None.
Affected Public: Insured state nonmember banks.
Burden Estimate:
[[Page 33260]]
Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total
Information collection (IC) Obligation to Estimated Estimated Estimated time Frequency of estimated
description Type of burden respond number of number of per response response annual burden
respondents responses (minutes) (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Full Data Set
--------------------------------------------------------------------------------------------------------------------------------------------------------
Home Mortgage Disclosure....... Reporting........ Mandatory........ 650 1,400 5 On Occasion...... 75,833
Recordkeeping.... Mandatory........ 650 1,400 5 On Occasion...... 75,833
--------------------------------------------------------------------------------------------------------------------------------------------------------
Partial Data Set
--------------------------------------------------------------------------------------------------------------------------------------------------------
Home Mortgage Disclosure....... Recordkeeping.... Mandatory........ 1,200 200 2.5 On Occasion...... 10,000
Reporting........ Mandatory........ 1,200 200 2.5 On Occasion...... 10,000
------------------------------------------------------------------------------------------------------------------------
Total Estimated Annual ................. ................. .............. .............. .............. ................. \1\ 171,667
Burden Hours.
--------------------------------------------------------------------------------------------------------------------------------------------------------
General Description of Collection: The Board of Governors of the
Federal Reserve System promulgated Regulation C, 12 CFR part 203, to
implement the Home Mortgage Disclosure Act (HMDA), 12 U.S.C. 2801-2810.
Regulation C requires depository institutions that meet its asset-size
threshold to maintain data about home loan applications (the type of
loan requested, the purpose of the loan, whether the loan was approved,
and the type of purchaser if the loan was later sold), to update the
information quarterly, and to report the information annually. The Home
Mortgage Disclosure Act and Regulation C now come under the authority
of the Consumer Finance Protection Bureau (CFPB).
---------------------------------------------------------------------------
\1\ The one-hour difference in the Total Estimated Annual Burden
Hours is due to rounding.
---------------------------------------------------------------------------
Pursuant to Regulation C, insured state-nonmember banks supervised
by the FDIC with assets over a certain dollar threshold must collect,
record, and report data about home loan applications.\2\ For 2017
transactions, 1,865 FDIC-supervised institutions reported under HMDA;
1,217 of these institutions were small entities.3 4 For
transactions beginning in 2018, the set of data fields to be reported
under HMDA was expanded. Institutions that meet certain criteria are
partially exempt from reporting certain data fields.\5\ To estimate the
number of Full and Partial filers for 2018, subject matter experts
(SMEs) in the Division of Consumer Protection (DCP) examined 2016 and
2017 data collected under HMDA, as well as preliminary data for 2018.
Results from this analysis indicate that for 2018 data, there were
roughly 650 and 1,200 respondents to the Full and Partial reporting
requirements of this information collection, respectively. The
frequency of responses was estimated by taking the total number of Full
and Partial disclosure filings and dividing that number by the number
of respondents.\6\
---------------------------------------------------------------------------
\2\ Regulation C, 12 CFR part 1003, Home Mortgage Disclosure,
https://www.govinfo.gov/content/pkg/CFR-2018-title12-vol8/pdf/CFR-2018-title12-vol8-part1003-appA.pdf.
\3\ The SBA defines a small banking organization as having $550
million or less in assets, where ``a financial institution's assets
are determined by averaging the assets reported on its four
quarterly financial statements for the preceding year.'' See 13 CFR
121.201 (as amended, effective December 2, 2014). ``SBA counts the
receipts, employees, or other measure of size of the concern whose
size is at issue and all of its domestic and foreign affiliates.''
See 13 CFR 121.103. Following these regulations, the FDIC uses a
covered entity's affiliated and acquired assets, averaged over the
preceding four quarters, to determine whether the covered entity is
``small'' for the purposes of RFA.
\4\ Call Report, December 31, 2017.
\5\ Interpretive and Procedural Rule, Partial Exemptions from
the Requirements of the Home Mortgage Disclosure Act under the
Economic Growth, Regulatory Relief, and Consumer Protection Act
(Regulation C), 83 FR 45325 https://www.federalregister.gov/documents/2018/09/07/2018-19244/partial-exemptions-from-the-requirements-of-the-home-mortgage-disclosure-act-under-the-economic.
\6\ 910,000 Full Data disclosures / 650 respondents = 1,400
disclosures per respondent. 240,000 Partial Data disclosures / 1,200
respondents = 200 disclosures per respondent.
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The frequency of response is `on occasion', which remains unchanged
from the 2016 ICR.\7\ Due to an increase in the number of required
items, the estimated time per response for the Full Data loan
disclosure form will increase from 5 minutes to 10 minutes. The
estimated time per response for the Partial Data loan disclosure form
will remain unchanged at 5 minutes. For both the Full and Partial loan
disclosure, the estimated burden is divided equally among reporting and
recordkeeping.
---------------------------------------------------------------------------
\7\ See https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=201512-3064-006.
---------------------------------------------------------------------------
2. Title: External Audits.
OMB Number: 3064-0113.
Form Number: None.
Affected Public: All insured financial institutions with total
assets of $500 million or more and other insured financial institutions
with total assets of less than $500 million that voluntarily choose to
comply.
Burden Estimate:
Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Total
Information collection (IC) Obligation to Estimated Estimated time per Frequency of estimated
description Type of burden respond number of number of response response annual burden
respondents responses (hours) (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
FDIC Supervised Institutions with $10 Billion or More in Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report.................. Recordkeeping...... Mandatory.......... 28 1 150 Annually........... 4,200
Reporting.......... Mandatory.......... 28 1 150 Annually........... 4,200
Audit Committee Composition.... Recordkeeping...... Mandatory.......... 28 1 3 Annually........... 84
Reporting.......... Mandatory.......... 28 1 3 Annually........... 84
Filing of Other Reports........ Recordkeeping...... Mandatory.......... 28 1 .125 Annually........... 3.5
Reporting.......... Mandatory.......... 28 1 .125 Annually........... 3.5
[[Page 33261]]
Notice of Change in Accountants Recordkeeping...... Mandatory.......... 7 1 .25 Annually........... 1.75
Reporting.......... Mandatory.......... 7 1 .25 Annually........... 1.75
--------------------------------------------------------------------------------------------------------------------------------------------------------
FDIC Supervised Institutions with $10 Billion or More in Total Assets 8,578.5
--------------------------------------------------------------------------------------------------------------------------------------------------------
FDIC Supervised Institutions with $3 Billion to $10 Billion in Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report.................. Recordkeeping...... Mandatory.......... 98 1 125 Annually........... 12,250
Reporting.......... Mandatory.......... 98 1 125 Annually........... 12,250
Audit Committee Composition.... Recordkeeping...... Mandatory.......... 98 1 3 Annually........... 294
Reporting.......... Mandatory.......... 98 1 3 Annually........... 294
Filing of Other Reports........ Recordkeeping...... Mandatory.......... 98 1 .125 Annually........... 12.25
Reporting.......... Mandatory.......... 98 1 .125 Annually........... 12.25
Notice of Change in Accountants Recordkeeping...... Mandatory.......... 25 1 .25 Annually........... 6.25
Reporting.......... Mandatory.......... 25 1 .25 Annually........... 6.25
--------------------------------------------------------------------------------------------------------------------------------------------------------
FDIC Supervised Institutions with $3 Billion to $10 Billion in Total Assets 25,125
--------------------------------------------------------------------------------------------------------------------------------------------------------
FDIC Supervised Institutions with $1 Billion to $3 Billion in Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report.................. Recordkeeping...... Mandatory.......... 225 1 100 Annually........... 22,500
Reporting.......... Mandatory.......... 225 1 100 Annually........... 22,500
Audit Committee Composition.... Recordkeeping...... Mandatory.......... 225 1 2 Annually........... 450
Reporting.......... Mandatory.......... 225 1 2 Annually........... 450
Filing of Other Reports........ Recordkeeping...... Mandatory.......... 225 1 .125 Annually........... 28.125
Reporting.......... Mandatory.......... 225 1 .125 Annually........... 28.125
Notice of Change in Accountants Recordkeeping...... Mandatory.......... 56 1 .25 Annually........... 14
Reporting.......... Mandatory.......... 56 1 .25 Annually........... 14
--------------------------------------------------------------------------------------------------------------------------------------------------------
FDIC Supervised Institutions with $1 Billion to $3 Billion in Total Assets 45,984.25
--------------------------------------------------------------------------------------------------------------------------------------------------------
FDIC Supervised Institutions with $500 Million to $1 Billion in Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report.................. Recordkeeping...... Mandatory.......... 401 1 12.5 Annually........... 5,012.5
Reporting.......... Mandatory.......... 401 1 12.5 Annually........... 5,012.5
Audit Committee Composition.... Recordkeeping...... Mandatory.......... 401 1 1 Annually........... 401
Reporting.......... Mandatory.......... 401 1 1 Annually........... 401
Filing of Other Reports........ Recordkeeping...... Mandatory.......... 401 1 .125 Annually........... 50.125
Reporting.......... Mandatory.......... 401 1 .125 Annually........... 50.125
Notice of Change in Accountants Recordkeeping...... Mandatory.......... 100 1 .25 Annually........... 25
Reporting.......... Mandatory.......... 100 1 .25 Annually........... 25
--------------------------------------------------------------------------------------------------------------------------------------------------------
FDIC Supervised Institutions with $500 Million to $1 Billion in Total Assets 10,977.25
--------------------------------------------------------------------------------------------------------------------------------------------------------
FDIC Supervised Institutions with Less Than $500 Million in Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Filing of Other Reports........ Recordkeeping...... Mandatory.......... 3,291 1 .25 Annually........... 822.75
Reporting.......... Mandatory.......... 3.291 2 .25 Annually........... 1,645.5
--------------------------------------------------------------------------------------------------------------------------------------------------------
FDIC Supervised Institutions with $500 Million to $1 Billion in Total Assets 2,468.25
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total Estimated Annual ................... ................... ............ ............ ............ ................... 93,133.25
Burden.
--------------------------------------------------------------------------------------------------------------------------------------------------------
General Description of Collection: FDIC's regulations at 12 CFR
part 363 establish annual independent audit and reporting requirements
for financial institutions with total assets of $500 million or more.
The requirements include the submission of an annual report on their
financial statements, recordkeeping about management deliberations
regarding external auditing and reports about changes in auditors. The
information collected is used to facilitate early identification of
problems in financial management at financial institutions.
3. Title: Qualifications for Failed Bank Acquisitions.
OMB Number: 3064-0169.
Form Number: None.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Total
Information collection (IC) Obligation to Estimated Estimated time per Frequency of estimated
description Type of burden respond number of number of response response annual burden
respondents responses (hours) (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Section D--Investor Reports on Reporting.......... Mandatory.......... 3 12 2 On Occasion........ 72
Affiliates.
Section E--Maintenance of Recordkeeping...... Mandatory.......... 3 4 2 On Occasion........ 24
Business Books and Records.
Section I--Disclosures Reporting.......... Mandatory.......... 3 4 4 On Occasion........ 48
Regarding Investors and
Entities in Ownership Chain.
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 33262]]
Total Estimated Annual ................... ................... ............ ............ ............ ................... 144
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
