Agency Information Collection Activities: Submission for OMB Review; Comment Request, 31500-31503 [2020-11223]

Download as PDF 31500 Federal Register / Vol. 85, No. 101 / Tuesday, May 26, 2020 / Notices the Consumer & Governmental Affairs Bureau at (202) 418–0530 (voice), (202) 418–0432 (TTY). 1. In the Auction 105 Procedures Public Notice, 85 FR 22622, April 23, 2020, the Commission adopted a methodology for calculating bidding units and upfront payment and minimum opening bid amounts for the county-based licenses to be offered in Auction 105 that is based on population and bandwidth. An ‘‘Attachment A’’ file listing the bidding units, upfront payment amount, and minimum opening bid amount for each license was made available on the Auction 105 website at www.fcc.gov/auction/105 and labeled as ‘‘Adopted (3/2/2020).’’ The Wireless Telecommunications Bureau (Bureau) and the Office of Economics and Analytics (OEA) now announce the availability of an updated version of this file. 2. Consistent with the Commission’s decision regarding county-based license areas in the 2018 3.5 GHz Order, 83 FR 63076, December 7, 2018, and with existing Commission policies and procedures used in prior auctions, the Bureau and OEA attributed the 2010 decennial census population figures to the county legal boundaries as of January 1, 2017, and used the resulting population figures for calculating bidding units, upfront payment amounts, and minimum opening bid amounts for the licenses to be offered in Auction 105. The Bureau and OEA recently became aware of anomalies in those population figures for 95 of these license areas and have corrected the Attachment A file. Specifically, the population has been changed in the updated file for all 91 license areas in American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands, as well as for three areas in Alaska and one area in Virginia. In all but a few of those cases (where the change in population was relatively small), the bidding units, upfront payment amounts, and minimum opening bid amounts have changed accordingly. The revised numbers are higher for some areas and lower for others. 3. The updated file is available on the Auction 105 website at www.fcc.gov/ auction/105 at the ‘‘Updated (May 18, 2020)’’ link under the ‘‘Attachment A Files’’ heading. Corresponding updates will also be made to the FCC Form 175 including the bidding unit data provided for the license areas and in the upfront payment calculator. The updates to the FCC Form 175 will be made before the resubmission window opens. When making upfront payments applicants are reminded to check their calculations carefully, based on the updated figures, because there is no provision for increasing a bidder’s eligibility after the upfront payment deadline. Federal Communications Commission. Gary Michaels, Deputy Chief, Auctions Division, Office of Economics and Analytics. [FR Doc. 2020–11193 Filed 5–22–20; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION [OMB No. 3064–0057; –0112; –0127; –0140; and –0175] Agency Information Collection Activities: Submission for OMB Review; Comment Request Federal Deposit Insurance Corporation (FDIC). ACTION: Agency information collection activities: submission for OMB Review; comment request. AGENCY: The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below. On March 17, 2020, the FDIC requested comment for 60 days on a proposal to renew these information collections. No comments were received. The FDIC hereby gives notice SUMMARY: of its plan to submit to OMB a request to approve the renewal of these information collections, and again invites comment on their renewal. DATES: Comments must be submitted on or before June 25, 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. • 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), Regulatory 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. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory 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 Collections of Information 1. Title: Quarterly Certified Statement Invoice for Deposit Insurance Assessment. OMB Number: 3064–0057. Affected Public: FDIC-insured depository institutions. Burden Estimate: SUMMARY OF ANNUAL BURDEN Information collection description Type of burden Obligation to respond Certified Statement for Quarterly Deposit Insurance Assessment (FDIC Form 6420/07). Reporting ........... Mandatory ......... Total Estimated Annual Burden: 7,011 hours. VerDate Sep<11>2014 19:08 May 22, 2020 Jkt 250001 Estimated number of respondents 5,258 General Description of Collection: The FDIC collects deposit insurance assessments on a quarterly basis. Each PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 Estimated frequency of responses Quarterly ............ Estimated time per response (minutes) Estimated annual burden (hours) 20 quarterly assessment is based on an insured depository institution’s quarterly report of condition for the E:\FR\FM\26MYN1.SGM 26MYN1 7,011 31501 Federal Register / Vol. 85, No. 101 / Tuesday, May 26, 2020 / Notices prior calendar quarter. The FDIC collects the quarterly assessment payments by means of direct debits through the Automated Clearing House network. The information collection consists of the reporting requirement associated with certifying the review by officials of the insured institutions to confirm that the assessment data are collection to the current estimate of 5,258. The decrease in estimated respondents is the result of the drop in the total number of insured depository institutions. 2. Title: Real Estate Lending Standards. OMB Number: 3064–0112. accurate and, in cases of inaccuracy, submission of corrected data. There is no change in the substance or methodology of this information collection. The change in burden is due solely to the decrease in the estimated number of respondents by 823 from the estimated 6,081 annual respondents in the currently-approved information SUMMARY OF ANNUAL BURDEN Information collection description Type of burden Obligation to respond Real Estate Lending Standards ..................................... Recordkeeping .. Mandatory ......... Total Estimated Annual Burden: 66,880 hours. Affected Public: Insured state nonmember banks and state savings associations. Burden Estimate: General Description of Collection: Section 1828(o) of the Federal Deposit Insurance Act requires each federal banking agency to adopt uniform regulations prescribing real estate lending standards. Part 365 of the FDIC Rules and Regulations, which implements section 1828(o), requires institutions to have real estate lending policies that include (a) limits and standards consistent with safe and sound banking practices; (b) prudent underwriting standards, including loanto-value ratio (LTV) limits that are clear Estimated number of respondents Estimated frequency of responses 3,344 and measurable; (c) loan administration policies; (d) documentation, approval and reporting requirements; and (e) a requirement for annual review and approval by the board of directors. The rule also establishes supervisory LTV limits and other underwriting considerations in the form of guidelines. Since banks generally have written policies on real estate lending, the additional burden imposed by this regulation is limited to modifications to existing policies necessary to bring those policies into compliance with the regulation and the development of a system to report loans in excess of the guidelines to the board of directors. There is no change in the substance or methodology of this information Estimated time per response (Hours) On Occasion ..... Estimated A annual burden (Hours) 20 66,880 collection. The change in burden is due solely to the decrease in the estimated number of respondents by 534 from the estimated 3,878 annual respondents in the currently-approved information collection to the current estimate of 3,344. The decrease in estimated respondents is the result of the drop in the total number of FDIC-supervised institutions. 3. Title: Fast-Track Generic Clearance for the Collection of Qualitative Feedback. OMB Number: 3064–0127. Affected Public: General public including FDIC insured depository institutions. Burden Estimate: SUMMARY OF ANNUAL BURDEN Information collection description Type of burden Obligation to respond Occasional Qualitative Surveys ......................................... Reporting ........... Voluntary ........... Total Estimated Annual Burden: 17,000 hours. General Description of Collection: The FDIC is requesting renewal of this approved collection to use occasional qualitative surveys to gather information from the public. While the subject and nature of the surveys to be deployed under this information collection are yet to be determined, based on prior experience it is expected that the number of respondents will range from a few to, at times several thousands, but, in general, these surveys are expected to involve an average of 850 respondents. Likewise, the time to respond to the surveys can range from a few minutes to several hours. It is expected that the average time to respond to a survey is approximately one hour. These surveys are completely voluntary in nature. VerDate Sep<11>2014 19:08 May 22, 2020 Jkt 250001 Estimated number of respondents 850 FDIC estimates that approximately 20 such surveys will be conducted in any given year. The purpose of the surveys is, in general terms, to obtain anecdotal information about regulatory burden, problems or successes in the bank supervisory process (including both safety-and-soundness and consumerrelated exams), the perceived need for regulatory or statutory change, and similar concerns. The information in these surveys is anecdotal in nature, that is, samples are not necessarily random, the results are not necessarily representative of a larger class of potential respondents, and the goal is not to produce a statistically valid and reliable database. Rather, the surveys are expected to yield anecdotal information about the particular experiences and PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 Estimated frequency of responses 20 Estimated time per response (hours) Estimated annual burden (hours) 1 17,000 opinions of members of the public, primarily staff at respondent banks or bank customers. The information is used to improve the way FDIC relates to its clients, to develop agendas for regulatory or statutory change, and in some cases simply to learn how particular policies or programs are working, or are perceived in particular cases. There is no change in the substance or methodology of this information collection. The change in burden is due solely to an increase in the estimated number of surveys to be deployed annually under this information collection. The increase in frequency from 15 to 20 surveys per year, resulted in an increase of 4,250 hours in total estimated annual burden from 12,750 hours to 17,000 hours. E:\FR\FM\26MYN1.SGM 26MYN1 31502 Federal Register / Vol. 85, No. 101 / Tuesday, May 26, 2020 / Notices 4. Title: Insurance Sales Consumer Protection. OMB Number: 3064–0140. Affected Public: Insured State nonmember banks and savings associations that sell insurance products; persons who sell insurance products in or on behalf of insured State nonmember banks and savings associations. Type of Burden: Third-party disclosure. Obligation to Respond: Mandatory. Burden Estimate: SUMMARY OF ANNUAL BURDEN Information collection description Obligation to respond Type of burden Insurance Sales Consumer Protections ........................ Total Estimated Annual Burden: 10,730. General Description of Collection: Respondents must prepare and provide certain disclosures to consumers (e.g., that insurance products and annuities are not FDIC-insured) and obtain consumer acknowledgments, at two different times: (1) Before the completion of the initial sale of an insurance product or annuity to a consumer; and (2) at the time of Third Party Disclosure. Estimated number of respondents Mandatory ......... Estimated time per response (hours) Estimated frequency of responses 2,146 application for the extension of credit (if insurance products or annuities are sold, solicited, advertised, or offered in connection with an extension of credit). There is no change in the substance or methodology of this information collection. The change in burden is due solely to an increase in the estimated number of respondents which is derived from Call Report data indicating the number of by institutions offering insurance products. The number of On Occasion ..... Estimated annual burden (hours) 5 10,730 respondents increased by 126 from 2,020 to 2,146. 5. Title: Interagency Guidance on Sound Incentive Compensation Practices. OMB Number: 3064–0175. Affected Public: Insured state nonmember banks and state savings associations. Obligation to Respond: Voluntary. Burden Estimate: SUMMARY OF ANNUAL BURDEN Estimated number of respondents Type of burden Estimated number of responses Estimated time per response (hours) Frequency of response Total annual estimated burden (hours) Document policies and procedures (Implementation) ....... Annual maintenance of policies and procedures (Ongoing). Recordkeeping .. Recordkeeping .. 1 2,164 1 1 40 2 Annual ............... Annual ............... 40 4,328 Total Hourly Burden ................................................... ........................... ........................ ........................ ........................ ........................... 4,368 Methodology and Assumptions: Previously, each institution supervised by the FDIC was estimated to spend 40 hours per year maintaining a record of its policies and procedures regarding incentive based compensation. However, while an institution without any such policies and procedures may take 40 hours to completely document them for the first time, after performing the initial documentation, unless an institution needs to revise its policies and procedures, there should be no further recordkeeping burden. FDIC is using one respondent as a placeholder to represent any institution that adopt incentive based compensation for the first time. The estimate of 40 hours remains unchanged from the 2017 estimate. Supervisory experience shows that approximately 65% of large FDICsupervised institutions revise their incentive-based compensation policies and procedures annually. FDIC estimates it takes approximately 2 hours for an institution to update its record of its policies and procedures related to incentive compensation. While a VerDate Sep<11>2014 19:08 May 22, 2020 Jkt 250001 majority of the institutions supervised by the FDIC are small, and may not use incentive based compensation, or may use incentive based compensation arrangements less complex than those used at large institutions, FDIC assumes that each year approximately 65 percent of FDIC-supervised institutions will spend approximately 2 hours each revising their records of their incentive based compensation policies and procedures. As of December 31, 2019, the FDIC supervised 3,344 institutions. FDIC assumes that 2,164 (65%) of those institutions will revise their records of incentive based compensation policies and procedures each year. General Description of Collection: This Guidance helps promote that incentive compensation policies at insured state non-member banks do not encourage excessive risk-taking and are consistent with the safety and soundness of the organization. Under this Guidance, banks are encouraged to: (i) Have policies and procedures that identify and describe the role(s) of the personnel and units authorized to be PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 involved in incentive compensation arrangements, identify the source of significant risk-related inputs, establish appropriate controls governing these inputs to help ensure their integrity, and identify the individual(s) and unit(s) whose approval is necessary for the establishment or modification of incentive compensation arrangements; (ii) create and maintain sufficient documentation to permit an audit of the organization’s processes for incentive compensation arrangements; (iii) have any material exceptions or adjustments to the incentive compensation arrangements established for senior executives approved and documented by its board of directors; and (iv) have its board of directors receive and review, on an annual or more frequent basis, an assessment by management of the effectiveness of the design and operation of the organization’s incentive compensation system in providing risktaking incentives that are consistent with the organization’s safety and soundness. E:\FR\FM\26MYN1.SGM 26MYN1 Federal Register / Vol. 85, No. 101 / Tuesday, May 26, 2020 / Notices 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. Federal Deposit Insurance Corporation. Dated at Washington, DC, on May 20, 2020. Robert E. Feldman, Executive Secretary. [FR Doc. 2020–11223 Filed 5–22–20; 8:45 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM Solicitation of Applications for Membership on the Community Advisory Council Extension of Application Period Board of Governors of the Federal Reserve System. SUMMARY: On March 27, 2020 the Board published in the Federal Register a notice seeking applications for membership on the Community Advisory Council (CAC). The application period for this notice has been extended in light of ongoing challenges for households and businesses caused by the COVID–19 emergency in order to provide additional opportunity for interested persons to submit their application. The application period for individuals who wish to serve as CAC members has been extended until July 3, 2020. DATES: The application for membership on the Community Advisory Council published on March 27, 2020, (85 FR 17331), has been extended from June 5, 2020 to July 3, 2020. ADDRESSES: Individuals who are interested in being considered for the CAC may submit an application by any of the means identified in the solicitation notice.1 Please submit your application using only one method. FOR FURTHER INFORMATION CONTACT: Jennifer Fernandez, Community Development Analyst, Division of AGENCY: 1 See, 85 FR 17331 (March 27, 2020). VerDate Sep<11>2014 19:08 May 22, 2020 Jkt 250001 Consumer and Community Affairs, Board of Governors of the Federal Reserve System, 20th Street and Constitution Ave. NW, Washington, DC 20551, or (202) 452–2412, or CCA-CAC@ frb.gov. Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869. SUPPLEMENTARY INFORMATION: The Board created the Community Advisory Council (CAC) as an advisory committee to the Board on issues affecting consumers and communities. On March 27, 2020 at 85 FR 17331, the Board published in the Federal Register a notice seeking applications for membership on the CAC. That document stated that the application period would close on June 5, 2020. In light of ongoing challenges for households and businesses caused by the COVID–19 emergency, the application period for individuals who wish to be considered as CAC members has been extended in order to provide additional opportunity for interested persons to submit their application. Accordingly, applications now received between Monday, April 6, 2020 and Friday, July 3, 2020 will be considered for selection to the Community Advisory Council for terms beginning January 1, 2021. By order of the Board of Governors of the Federal Reserve System, acting through the Director of the Division of Consumer and Community Affairs under delegated authority. Ann E. Misback, Secretary of the Board. [FR Doc. 2020–11186 Filed 5–22–20; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Disease Control and Prevention Amendment and Extension of Order Under Sections 362 and 365 of the Public Health Service Act; Order Suspending Introduction of Certain Persons From Countries Where a Communicable Disease Exists Centers for Disease Control and Prevention (CDC), Department of Health and Human Services (HHS). ACTION: Notice. AGENCY: The Centers for Disease Control and Prevention (CDC), a component of the Department of Health and Human Services (HHS), announces the amendment of an Order issued on March 20, 2020 and extended on April 20, 2020 under Sections 362 and 365 of SUMMARY: PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 31503 the Public Health Service Act, and associated implementing regulations, that temporarily suspends the introduction of certain aliens based on the Director’s determination that introduction of aliens, regardless of their country of origin, migrating through Canada and Mexico into the United States creates a serious danger of the introduction of COVID–19 into the United States, and the danger is so increased by the introduction of such aliens that a temporary suspension is necessary to protect the public health. This amendment and extension was issued on May 20, 2020 and shall remain in effect until the CDC Director determines that the danger of further introduction of COVID–19 into the United States from covered aliens has ceased to be a serious danger to the public health, and the Order is no longer necessary to protect the public health. CDC shall review the latest information regarding the status of the COVID–19 pandemic and associated public health risks every thirty days to ensure that the Order remains necessary to protect the public health. DATES: This action is effective 12:00 a.m. EDT May 21, 2020. FOR FURTHER INFORMATION CONTACT: Kyle McGowan, Office of the Chief of Staff, Centers for Disease Control and Prevention, 1600 Clifton Road NE, MS V18–2, Atlanta, GA 30329. Phone: 404– 639–7000. Email: cdcregulations@ cdc.gov. SUPPLEMENTARY INFORMATION: March 20, 2020 Order On March 20, 2020, the Director of the Centers for Disease Control and Prevention issued an Order temporarily suspending the introduction of certain aliens from Canada and Mexico, including certain aliens who migrate to the United States across the land borders with Canada and Mexico, because the introduction of such aliens creates a serious danger of the introduction of such disease into the United States, and the danger is so increased by the introduction of such aliens that a temporary suspension is necessary to protect the public health (85 FR 17060). The Order suspended the introduction of certain persons into the United States for a period of 30 days. April 20, 2020 Order On April 20, 2020, the Director of CDC extended the March 20, 2020 Order until 11:59 p.m. EDT on May 20, 2020 (85 FR 22424). The April 20, 2020 extension found that the determinations of the March 20, 2020 Order remain correct, and further determined that the E:\FR\FM\26MYN1.SGM 26MYN1

Agencies

[Federal Register Volume 85, Number 101 (Tuesday, May 26, 2020)]
[Notices]
[Pages 31500-31503]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-11223]


=======================================================================
-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0057; -0112; -0127; -0140; and -0175]


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Agency information collection activities: submission for OMB 
Review; comment request.

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

SUMMARY: The FDIC, as part of its obligations under the Paperwork 
Reduction Act of 1995, invites the general public and other Federal 
agencies to take this opportunity to comment on the renewal of the 
existing information collections described below. On March 17, 2020, 
the FDIC requested comment for 60 days on a proposal to renew these 
information collections. No comments were received. The FDIC hereby 
gives notice of its plan to submit to OMB a request to approve the 
renewal of these information collections, and again invites comment on 
their renewal.

DATES: Comments must be submitted on or before June 25, 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.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza (202-898-3767), Regulatory 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.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory 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 Collections of 
Information

    1. Title: Quarterly Certified Statement Invoice for Deposit 
Insurance Assessment.
    OMB Number: 3064-0057.
    Affected Public: FDIC-insured depository institutions.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                             Estimated
     Information collection                                                          Estimated     Estimated  frequency      time per        Estimated
           description                Type of burden      Obligation  to respond     number of         of  responses         response     annual  burden
                                                                                    respondents                              (minutes)        (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Certified Statement for           Reporting.............  Mandatory.............           5,258  Quarterly.............              20           7,011
 Quarterly Deposit Insurance
 Assessment (FDIC Form 6420/07).
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Total Estimated Annual Burden: 7,011 hours.
    General Description of Collection: The FDIC collects deposit 
insurance assessments on a quarterly basis. Each quarterly assessment 
is based on an insured depository institution's quarterly report of 
condition for the

[[Page 31501]]

prior calendar quarter. The FDIC collects the quarterly assessment 
payments by means of direct debits through the Automated Clearing House 
network. The information collection consists of the reporting 
requirement associated with certifying the review by officials of the 
insured institutions to confirm that the assessment data are accurate 
and, in cases of inaccuracy, submission of corrected data.
    There is no change in the substance or methodology of this 
information collection. The change in burden is due solely to the 
decrease in the estimated number of respondents by 823 from the 
estimated 6,081 annual respondents in the currently-approved 
information collection to the current estimate of 5,258. The decrease 
in estimated respondents is the result of the drop in the total number 
of insured depository institutions.
    2. Title: Real Estate Lending Standards.
    OMB Number: 3064-0112.

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                             Estimated
     Information collection                                                          Estimated     Estimated  frequency      time per       Estimated A
           description                Type of  burden     Obligation  to respond     number of         of  responses         response     annual  burden
                                                                                    respondents                               (Hours)         (Hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Real Estate Lending Standards...  Recordkeeping.........  Mandatory.............           3,344  On Occasion...........              20          66,880
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Total Estimated Annual Burden: 66,880 hours.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:
    General Description of Collection: Section 1828(o) of the Federal 
Deposit Insurance Act requires each federal banking agency to adopt 
uniform regulations prescribing real estate lending standards. Part 365 
of the FDIC Rules and Regulations, which implements section 1828(o), 
requires institutions to have real estate lending policies that include 
(a) limits and standards consistent with safe and sound banking 
practices; (b) prudent underwriting standards, including loan-to-value 
ratio (LTV) limits that are clear and measurable; (c) loan 
administration policies; (d) documentation, approval and reporting 
requirements; and (e) a requirement for annual review and approval by 
the board of directors. The rule also establishes supervisory LTV 
limits and other underwriting considerations in the form of guidelines. 
Since banks generally have written policies on real estate lending, the 
additional burden imposed by this regulation is limited to 
modifications to existing policies necessary to bring those policies 
into compliance with the regulation and the development of a system to 
report loans in excess of the guidelines to the board of directors.
    There is no change in the substance or methodology of this 
information collection. The change in burden is due solely to the 
decrease in the estimated number of respondents by 534 from the 
estimated 3,878 annual respondents in the currently-approved 
information collection to the current estimate of 3,344. The decrease 
in estimated respondents is the result of the drop in the total number 
of FDIC-supervised institutions.
    3. Title: Fast-Track Generic Clearance for the Collection of 
Qualitative Feedback.
    OMB Number: 3064-0127.
    Affected Public: General public including FDIC insured depository 
institutions.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                             Estimated       Estimated    Estimated time     Estimated
 Information collection description        Type of burden         Obligation to respond      number of     frequency of    per response    annual burden
                                                                                            respondents      responses        (hours)         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Occasional Qualitative Surveys.....  Reporting................  Voluntary...............             850              20               1          17,000
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Total Estimated Annual Burden: 17,000 hours.
    General Description of Collection: The FDIC is requesting renewal 
of this approved collection to use occasional qualitative surveys to 
gather information from the public. While the subject and nature of the 
surveys to be deployed under this information collection are yet to be 
determined, based on prior experience it is expected that the number of 
respondents will range from a few to, at times several thousands, but, 
in general, these surveys are expected to involve an average of 850 
respondents. Likewise, the time to respond to the surveys can range 
from a few minutes to several hours. It is expected that the average 
time to respond to a survey is approximately one hour. These surveys 
are completely voluntary in nature. FDIC estimates that approximately 
20 such surveys will be conducted in any given year.
    The purpose of the surveys is, in general terms, to obtain 
anecdotal information about regulatory burden, problems or successes in 
the bank supervisory process (including both safety-and-soundness and 
consumer-related exams), the perceived need for regulatory or statutory 
change, and similar concerns. The information in these surveys is 
anecdotal in nature, that is, samples are not necessarily random, the 
results are not necessarily representative of a larger class of 
potential respondents, and the goal is not to produce a statistically 
valid and reliable database. Rather, the surveys are expected to yield 
anecdotal information about the particular experiences and opinions of 
members of the public, primarily staff at respondent banks or bank 
customers. The information is used to improve the way FDIC relates to 
its clients, to develop agendas for regulatory or statutory change, and 
in some cases simply to learn how particular policies or programs are 
working, or are perceived in particular cases.
    There is no change in the substance or methodology of this 
information collection. The change in burden is due solely to an 
increase in the estimated number of surveys to be deployed annually 
under this information collection. The increase in frequency from 15 to 
20 surveys per year, resulted in an increase of 4,250 hours in total 
estimated annual burden from 12,750 hours to 17,000 hours.

[[Page 31502]]

    4. Title: Insurance Sales Consumer Protection.
    OMB Number: 3064-0140.
    Affected Public: Insured State nonmember banks and savings 
associations that sell insurance products; persons who sell insurance 
products in or on behalf of insured State nonmember banks and savings 
associations.
    Type of Burden: Third-party disclosure.
    Obligation to Respond: Mandatory.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                     Estimated                            Estimated time     Estimated
     Information collection           Type of burden       Obligation to respond     number of    Estimated frequency of   per response    annual burden
           description                                                              respondents          responses            (hours)         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Insurance Sales Consumer          Third Party Disclosure  Mandatory.............           2,146  On Occasion...........               5          10,730
 Protections.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Total Estimated Annual Burden: 10,730.
    General Description of Collection: Respondents must prepare and 
provide certain disclosures to consumers (e.g., that insurance products 
and annuities are not FDIC-insured) and obtain consumer 
acknowledgments, at two different times: (1) Before the completion of 
the initial sale of an insurance product or annuity to a consumer; and 
(2) at the time of application for the extension of credit (if 
insurance products or annuities are sold, solicited, advertised, or 
offered in connection with an extension of credit).
    There is no change in the substance or methodology of this 
information collection. The change in burden is due solely to an 
increase in the estimated number of respondents which is derived from 
Call Report data indicating the number of by institutions offering 
insurance products. The number of respondents increased by 126 from 
2,020 to 2,146.
    5. Title: Interagency Guidance on Sound Incentive Compensation 
Practices.
    OMB Number: 3064-0175.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Obligation to Respond: Voluntary.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                   Estimated       Estimated    Estimated time                             Total annual
                                          Type of  burden          number of       number of     per response     Frequency of response      estimated
                                                                  respondents      responses        (hours)                               burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Document policies and procedures     Recordkeeping............               1               1              40  Annual..................              40
 (Implementation).
Annual maintenance of policies and   Recordkeeping............           2,164               1               2  Annual..................           4,328
 procedures (Ongoing).
                                                               -----------------------------------------------------------------------------------------
    Total Hourly Burden............  .........................  ..............  ..............  ..............  ........................           4,368
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Methodology and Assumptions: Previously, each institution 
supervised by the FDIC was estimated to spend 40 hours per year 
maintaining a record of its policies and procedures regarding incentive 
based compensation. However, while an institution without any such 
policies and procedures may take 40 hours to completely document them 
for the first time, after performing the initial documentation, unless 
an institution needs to revise its policies and procedures, there 
should be no further recordkeeping burden. FDIC is using one respondent 
as a placeholder to represent any institution that adopt incentive 
based compensation for the first time. The estimate of 40 hours remains 
unchanged from the 2017 estimate. Supervisory experience shows that 
approximately 65% of large FDIC-supervised institutions revise their 
incentive-based compensation policies and procedures annually. FDIC 
estimates it takes approximately 2 hours for an institution to update 
its record of its policies and procedures related to incentive 
compensation. While a majority of the institutions supervised by the 
FDIC are small, and may not use incentive based compensation, or may 
use incentive based compensation arrangements less complex than those 
used at large institutions, FDIC assumes that each year approximately 
65 percent of FDIC-supervised institutions will spend approximately 2 
hours each revising their records of their incentive based compensation 
policies and procedures. As of December 31, 2019, the FDIC supervised 
3,344 institutions. FDIC assumes that 2,164 (65%) of those institutions 
will revise their records of incentive based compensation policies and 
procedures each year.
    General Description of Collection: This Guidance helps promote that 
incentive compensation policies at insured state non-member banks do 
not encourage excessive risk-taking and are consistent with the safety 
and soundness of the organization. Under this Guidance, banks are 
encouraged to: (i) Have policies and procedures that identify and 
describe the role(s) of the personnel and units authorized to be 
involved in incentive compensation arrangements, identify the source of 
significant risk-related inputs, establish appropriate controls 
governing these inputs to help ensure their integrity, and identify the 
individual(s) and unit(s) whose approval is necessary for the 
establishment or modification of incentive compensation arrangements; 
(ii) create and maintain sufficient documentation to permit an audit of 
the organization's processes for incentive compensation arrangements; 
(iii) have any material exceptions or adjustments to the incentive 
compensation arrangements established for senior executives approved 
and documented by its board of directors; and (iv) have its board of 
directors receive and review, on an annual or more frequent basis, an 
assessment by management of the effectiveness of the design and 
operation of the organization's incentive compensation system in 
providing risk-taking incentives that are consistent with the 
organization's safety and soundness.

[[Page 31503]]

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.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on May 20, 2020.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2020-11223 Filed 5-22-20; 8:45 am]
BILLING CODE 6714-01-P