Agency Information Collection Activities: Submission for OMB Review; Comment Request Re: Information Collection for Innovation Pilot Programs (NEW), 2134-2135 [2020-00437]
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2134
Federal Register / Vol. 85, No. 9 / Tuesday, January 14, 2020 / Notices
Current
presumptive
CMP
(through
January 14,
2020)
CFR citation
16 or more days late .................................................................................................................................
12 CFR 308.132(e)(2) .............................................................................................................................................
12 CFR 308.132(e)(3)
Tier One CMP ..................................................................................................................................................
Tier Two CMP ..................................................................................................................................................
Tier Three CMP 19 ............................................................................................................................................
Dated at Washington, DC, on January 7,
2020.
Federal Deposit Insurance Corporation.
Annmarie H. Boyd,
Assistant Executive Secretary.
[FR Doc. 2020–00217 Filed 1–13–20; 8:45 am]
BILLING CODE P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request Re:
Information Collection for Innovation
Pilot Programs (NEW)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:
The FDIC seeks to continue
its engagement and collaboration with
innovators in the financial, nonfinancial, and technology sectors to,
among other things, identify, develop
and promote technology-driven
innovations among community and
other banks in a manner that ensures the
safety and soundness of FDICsupervised and insured institutions. An
innovation pilot program framework can
provide a regulatory environment in
which the FDIC, in conjunction with
SUMMARY:
lotter on DSKBCFDHB2PROD with NOTICES
6 The
maximum penalty amount is per day,
unless otherwise indicated.
7 12 U.S.C. 1464(v) provides the maximum CMP
amounts for the late filing of certain Call Reports.
In 2012, however, the FDIC issued regulations that
further subdivided these amounts based upon the
size of the institution and the lateness of the filing.
See 77 FR 74573, 74576–78 (Dec. 17, 2012),
codified at 12 CFR 308.132(e)(1). These adjusted
subdivided amounts are found at the end of this
chart.
8 The maximum penalty amount for an institution
is the lesser of this amount or 1 percent of total
assets.
9 12 U.S.C. 1817(a) provides the maximum CMP
amounts for the late filing of certain Call Reports.
In 1991, however, the FDIC issued regulations that
further subdivided these amounts based upon the
size of the institution and the lateness of the filing.
See 56 FR 37968, 37992–93 (Aug. 9, 1991), codified
at 12 CFR 308.132(e)(1). These adjusted subdivided
amounts are found at the end of this chart.
VerDate Sep<11>2014
19:14 Jan 13, 2020
Jkt 250001
individual proposals collected from
innovators, including banks, will
provide tailored regulatory and
supervisory assistance, when
appropriate, to facilitate the testing of
innovative and advanced technologies,
products, services, systems, or activities.
On November 6, 2019, the FDIC
requested comment for 60 days from the
general public, including persons who
may have an interest in participating in
innovation pilot programs, and other
Federal agencies, on the agency’s
collection of pilot program proposals by
innovators, as required by the
Paperwork Reduction Act of 1995
(PRA). The FDIC received no comments.
The FDIC hereby gives notice of its plan
to submit to the Office of Management
and Budget (OMB) a request to approve
this collection, and again invites
comment on this new information
collection request.
DATES: Comments must be submitted on
or before February 13, 2020.
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/notices.html.
• https://www.regulations.gov.
• Email: comments@fdic.gov. Include
the name of the collection in the subject
line of the message.
• Mail: Jennifer Jones, Counsel, MB–
3105, Federal Deposit Insurance
Corporation, 550 17th Street NW,
Washington, DC 20429.
10 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
11 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
12 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
13 These amounts also apply to CMPs in statutes
that cross-reference 12 U.S.C. 1818, such as 12
U.S.C. 2601, 2804(b), 3108(b), 3349(b), 4009(a),
4309(a), 4717(b); 15 U.S.C. 1607(a), 1681s(b),
1691(b), 1691c(a), 1693o(a); and 42 U.S.C. 3601.
PO 00000
Frm 00031
Fmt 4703
Sfmt 4703
Adjusted
presumptive
CMP
(beginning
January 15,
2020)
1/25,000th of
the institution’s
total assets
40,269
40,979
4,027
40,269
2,013,399
4,098
40,979
2,048,915
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the above address located on
F Street NW, on business days between
7:00 a.m. and 5:00 p.m., EST.
All comments should reference
‘‘Information Collection for Innovation
Pilot Programs.’’ 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:
Jennifer Jones, at the FDIC mailing
address above or by phone at 202–898–
6768.
SUPPLEMENTARY INFORMATION: On
November 6, 2019, the FDIC requested
comment for 60 days from the general
public, including persons who may
have an interest in participating in
innovation pilot programs, and other
Federal agencies, on the agency’s
collection of pilot program proposals by
innovators, as required by the PRA. The
FDIC received no comments. The FDIC
hereby gives notice of its plan to submit
to OMB a request to approve this
collection, and again invites comment
on this new information collection
request.
14 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
15 The $122-per-day maximum CMP under 12
U.S.C. 1828(h), for failure or refusal to pay any
assessment, applies only when the assessment is
less than $10,000. When the amount of the
assessment is $10,000 or more, the maximum CMP
under section 1828(h) is 1 percent of the amount
of the assessment for each day that the failure or
refusal continues.
16 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
17 The maximum penalty amount for an
institution is the greater of this amount or 1/
100,000th of the institution’s total assets.
18 The maximum penalty amount for an
institution is the greater of this amount or 1/
50,000th of the institution’s total assets.
19 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
E:\FR\FM\14JAN1.SGM
14JAN1
lotter on DSKBCFDHB2PROD with NOTICES
Federal Register / Vol. 85, No. 9 / Tuesday, January 14, 2020 / Notices
Time: 1. Title: Information Collection
for Innovation Pilot Programs.
OMB Number: 3064–NEW.
Form Number: None.
Affected Public: FDIC-supervised
institutions (state-chartered banks and
savings institutions that are not
members of the Federal Reserve System)
and innovative companies that partner
or plan to partner, or provide services to
such institutions.
Estimated Number of Respondents:
50.
Estimated Total Annual Burden:
3,000 hours.
General Description of Collection: The
FDIC seeks to engage and collaborate
with innovators in the financial, nonfinancial, and technology sectors to,
among other things, identify, develop
and promote technology-driven
innovations among community and
other banks in a manner that ensures the
safety and soundness of FDICsupervised and insured institutions. An
innovation pilot program framework
will provide a regulatory environment
in which the FDIC, in conjunction with
individual proposals collected from
innovators, including banks, will
provide tailored regulatory and
supervisory assistance, when
appropriate, to facilitate the testing of
innovative and advanced technologies,
products, services, systems, or activities.
While greater detail and the
parameters of a planned innovation
pilot program framework will be
separately announced at a later date,
innovators (banks and firms in
partnership with banks) will be invited
to voluntarily propose time-limited pilot
programs, which will be collected and
considered by the FDIC on a case-bycase basis. Innovators may request to
participate by submitting proposals
during a set time period for
submissions. Applicants will propose
the design and parameters of the pilot
program tests, as well as any tailored
regulatory and supervisory assistance
needed from the FDIC. Collected
proposals will be assessed, prioritized
and identified for testing, either on their
own or as part of a subject-area focused
grouping of pilot programs.
The FDIC anticipates that proposals
will involve cutting-edge innovations
and novel approaches or applications
involving a banking product, service,
system, or activity that benefits and can
lead to better outcomes for consumers
through, for example, an increased
range of products and services, reduced
costs, or improved access to financial
services, or that decreases operational,
risk management, or compliance costs
for insured depository institutions.
VerDate Sep<11>2014
19:14 Jan 13, 2020
Jkt 250001
Accepted pilot programs may be
conducted and monitored concurrently
with a number of pilot programs
selected in a given cohort with limited
participants. Subject-area groupings
could include pilot programs that match
a general theme or product area of great
promise or particular interest to the
banking sector or the FDIC. This may be
announced in advance of the collection
or afterwards if multiple pilot programs
proposals are found to share key
attributes or defining characteristics
(e.g., similar product concept; banks of
certain size; like customer focus).
Proposals will be collected from
FDIC-supervised institutions (statechartered banks and savings institutions
that are not members of the Federal
Reserve System), who may submit a
pilot program proposal individually or
together with companies that provide or
aim to provide technologically driven
products, services, or systems through
direct contractual arrangements,
partnerships, or joint ventures (this
includes third-party service providers).
Proposals may also be collected from
innovators that are not themselves
FDIC-supervised institutions and do not
have a partnering institution but who
may submit a pilot program proposal;
however, the nonbank will be eligible to
receive only a preliminary nonobjection to its proposal conditioned on
later submission (and collection) of the
proposal in partnership with an FDICsupervised institution.
The collection will be limited by
eligibility for consideration. FDICsupervised institutions that wish to
participate in a pilot program must: (1)
Have a demonstrated record of engaging
in appropriate risk management; (2) be
well-capitalized; (3) be well-rated for
compliance and safety and soundness;
and (4) not have significant pending
supervisory or enforcement actions (or
significant regulatory investigations).
Other firms seeking to participate in a
pilot program must: (1) Be a U.S.
domicile; (2) conduct all pilot program
banking activity (products and services)
through an FDIC-supervised institution
partner; and (3) not involve persons
who have been convicted of any
criminal offense involving dishonesty,
breach of trust, or money laundering.
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 estimate of the
burden of the information collection,
including the validity of the
methodology and assumptions used; (c)
PO 00000
Frm 00032
Fmt 4703
Sfmt 4703
2135
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.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on January 9,
2020.
Annmarie H. Boyd,
Assistant Executive Secretary.
[FR Doc. 2020–00437 Filed 1–13–20; 8:45 am]
BILLING CODE 6714–01–P
GENERAL SERVICES
ADMINISTRATION
[Notice–MA–2019–11; Docket No. 2019–
0002, Sequence No. 33]
2020 Privately Owned Vehicle (POV)
Mileage Reimbursement Rates; 2020
Standard Mileage Rate for Moving
Purposes
Office of Government-wide
Policy (OGP), General Services
Administration (GSA).
ACTION: Notice.
AGENCY:
GSA is updating the mileage
reimbursement rate for privately owned
automobiles (POA), airplanes, and
motorcycles as required by statute. This
information will be available in FTR
Bulletin 20–03, which can be found on
GSA’s website at https://gsa.gov/
ftrbulletins.
SUMMARY:
Applicability date: This notice
applies to travel and relocation
performed on or after January 1, 2020
through December 31, 2020.
FOR FURTHER INFORMATION CONTACT: For
clarification of content, please contact
Ms. Cheryl D. McClain-Barnes, Program
Analyst, Office of Government-wide
Policy, Office of Asset and
Transportation Management, at 202–
208–4334, or by email at travelpolicy@
gsa.gov. Please cite Notice of FTR
Bulletin 20–03.
SUPPLEMENTARY INFORMATION: GSA is
required by statute to set the mileage
reimbursement rate for privately owned
automobiles (POA) as the single
standard mileage rate established by the
Internal Revenue Service (IRS). The IRS
mileage rate for medical or moving
purposes is used to determine the POA
rate when a Government-furnished
automobile is authorized and also
represents the privately owned vehicle
(POV) standard mileage reimbursement
rate for official relocation. Finally, GSA
DATES:
E:\FR\FM\14JAN1.SGM
14JAN1
]]>Agencies
[Federal Register Volume 85, Number 9 (Tuesday, January 14, 2020)]
[Notices]
[Pages 2134-2135]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00437]
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Submission for OMB
Review; Comment Request Re: Information Collection for Innovation Pilot
Programs (NEW)
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The FDIC seeks to continue its engagement and collaboration
with innovators in the financial, non-financial, and technology sectors
to, among other things, identify, develop and promote technology-driven
innovations among community and other banks in a manner that ensures
the safety and soundness of FDIC-supervised and insured institutions.
An innovation pilot program framework can provide a regulatory
environment in which the FDIC, in conjunction with individual proposals
collected from innovators, including banks, will provide tailored
regulatory and supervisory assistance, when appropriate, to facilitate
the testing of innovative and advanced technologies, products,
services, systems, or activities. On November 6, 2019, the FDIC
requested comment for 60 days from the general public, including
persons who may have an interest in participating in innovation pilot
programs, and other Federal agencies, on the agency's collection of
pilot program proposals by innovators, as required by the Paperwork
Reduction Act of 1995 (PRA). The FDIC received no comments. The FDIC
hereby gives notice of its plan to submit to the Office of Management
and Budget (OMB) a request to approve this collection, and again
invites comment on this new information collection request.
---------------------------------------------------------------------------
\6\ The maximum penalty amount is per day, unless otherwise
indicated.
\7\ 12 U.S.C. 1464(v) provides the maximum CMP amounts for the
late filing of certain Call Reports. In 2012, however, the FDIC
issued regulations that further subdivided these amounts based upon
the size of the institution and the lateness of the filing. See 77
FR 74573, 74576-78 (Dec. 17, 2012), codified at 12 CFR
308.132(e)(1). These adjusted subdivided amounts are found at the
end of this chart.
\8\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\9\ 12 U.S.C. 1817(a) provides the maximum CMP amounts for the
late filing of certain Call Reports. In 1991, however, the FDIC
issued regulations that further subdivided these amounts based upon
the size of the institution and the lateness of the filing. See 56
FR 37968, 37992-93 (Aug. 9, 1991), codified at 12 CFR 308.132(e)(1).
These adjusted subdivided amounts are found at the end of this
chart.
---------------------------------------------------------------------------
DATES: Comments must be submitted on or before February 13, 2020.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
---------------------------------------------------------------------------
\10\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\11\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\12\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\13\ These amounts also apply to CMPs in statutes that cross-
reference 12 U.S.C. 1818, such as 12 U.S.C. 2601, 2804(b), 3108(b),
3349(b), 4009(a), 4309(a), 4717(b); 15 U.S.C. 1607(a), 1681s(b),
1691(b), 1691c(a), 1693o(a); and 42 U.S.C. 3601.
---------------------------------------------------------------------------
https://www.FDIC.gov/regulations/laws/federal/notices.html.
https://www.regulations.gov.
Email: [email protected]. Include the name of the
collection in the subject line of the message.
Mail: Jennifer Jones, Counsel, MB-3105, 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 above address located on F Street NW, on
business days between 7:00 a.m. and 5:00 p.m., EST.
All comments should reference ``Information Collection for
Innovation Pilot Programs.'' 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: Jennifer Jones, at the FDIC mailing
address above or by phone at 202-898-6768.
SUPPLEMENTARY INFORMATION: On November 6, 2019, the FDIC requested
comment for 60 days from the general public, including persons who may
have an interest in participating in innovation pilot programs, and
other Federal agencies, on the agency's collection of pilot program
proposals by innovators, as required by the PRA. The FDIC received no
comments. The FDIC hereby gives notice of its plan to submit to OMB a
request to approve this collection, and again invites comment on this
new information collection request.
---------------------------------------------------------------------------
\14\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\15\ The $122-per-day maximum CMP under 12 U.S.C. 1828(h), for
failure or refusal to pay any assessment, applies only when the
assessment is less than $10,000. When the amount of the assessment
is $10,000 or more, the maximum CMP under section 1828(h) is 1
percent of the amount of the assessment for each day that the
failure or refusal continues.
\16\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\17\ The maximum penalty amount for an institution is the
greater of this amount or 1/100,000th of the institution's total
assets.
\18\ The maximum penalty amount for an institution is the
greater of this amount or 1/50,000th of the institution's total
assets.
\19\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
---------------------------------------------------------------------------
[[Page 2135]]
Time: 1. Title: Information Collection for Innovation Pilot
Programs.
OMB Number: 3064-NEW.
Form Number: None.
Affected Public: FDIC-supervised institutions (state-chartered
banks and savings institutions that are not members of the Federal
Reserve System) and innovative companies that partner or plan to
partner, or provide services to such institutions.
Estimated Number of Respondents: 50.
Estimated Total Annual Burden: 3,000 hours.
General Description of Collection: The FDIC seeks to engage and
collaborate with innovators in the financial, non-financial, and
technology sectors to, among other things, identify, develop and
promote technology-driven innovations among community and other banks
in a manner that ensures the safety and soundness of FDIC-supervised
and insured institutions. An innovation pilot program framework will
provide a regulatory environment in which the FDIC, in conjunction with
individual proposals collected from innovators, including banks, will
provide tailored regulatory and supervisory assistance, when
appropriate, to facilitate the testing of innovative and advanced
technologies, products, services, systems, or activities.
While greater detail and the parameters of a planned innovation
pilot program framework will be separately announced at a later date,
innovators (banks and firms in partnership with banks) will be invited
to voluntarily propose time-limited pilot programs, which will be
collected and considered by the FDIC on a case-by-case basis.
Innovators may request to participate by submitting proposals during a
set time period for submissions. Applicants will propose the design and
parameters of the pilot program tests, as well as any tailored
regulatory and supervisory assistance needed from the FDIC. Collected
proposals will be assessed, prioritized and identified for testing,
either on their own or as part of a subject-area focused grouping of
pilot programs.
The FDIC anticipates that proposals will involve cutting-edge
innovations and novel approaches or applications involving a banking
product, service, system, or activity that benefits and can lead to
better outcomes for consumers through, for example, an increased range
of products and services, reduced costs, or improved access to
financial services, or that decreases operational, risk management, or
compliance costs for insured depository institutions.
Accepted pilot programs may be conducted and monitored concurrently
with a number of pilot programs selected in a given cohort with limited
participants. Subject-area groupings could include pilot programs that
match a general theme or product area of great promise or particular
interest to the banking sector or the FDIC. This may be announced in
advance of the collection or afterwards if multiple pilot programs
proposals are found to share key attributes or defining characteristics
(e.g., similar product concept; banks of certain size; like customer
focus).
Proposals will be collected from FDIC-supervised institutions
(state-chartered banks and savings institutions that are not members of
the Federal Reserve System), who may submit a pilot program proposal
individually or together with companies that provide or aim to provide
technologically driven products, services, or systems through direct
contractual arrangements, partnerships, or joint ventures (this
includes third-party service providers). Proposals may also be
collected from innovators that are not themselves FDIC-supervised
institutions and do not have a partnering institution but who may
submit a pilot program proposal; however, the nonbank will be eligible
to receive only a preliminary non-objection to its proposal conditioned
on later submission (and collection) of the proposal in partnership
with an FDIC-supervised institution.
The collection will be limited by eligibility for consideration.
FDIC-supervised institutions that wish to participate in a pilot
program must: (1) Have a demonstrated record of engaging in appropriate
risk management; (2) be well-capitalized; (3) be well-rated for
compliance and safety and soundness; and (4) not have significant
pending supervisory or enforcement actions (or significant regulatory
investigations). Other firms seeking to participate in a pilot program
must: (1) Be a U.S. domicile; (2) conduct all pilot program banking
activity (products and services) through an FDIC-supervised institution
partner; and (3) not involve persons who have been convicted of any
criminal offense involving dishonesty, breach of trust, or money
laundering.
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 estimate 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.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on January 9, 2020.
Annmarie H. Boyd,
Assistant Executive Secretary.
[FR Doc. 2020-00437 Filed 1-13-20; 8:45 am]
BILLING CODE 6714-01-P
