Agency Information Collection Activities: Submission for OMB Review; Comment Request, 37656-37658 [2020-13425]

Download as PDF 37656 Federal Register / Vol. 85, No. 121 / Tuesday, June 23, 2020 / Notices Ave. NW, Washington, DC 20460–0001; telephone number: (202) 564–1208; email address: coleman.todd@epa.gov. SUPPLEMENTARY INFORMATION: Supporting documents, which explain in detail the information that the EPA will be collecting, are available in the public docket for this ICR. The docket can be viewed online at www.regulations.gov. Out of an abundance of caution for members of the public and our staff, the EPA Docket Center and Reading Room was closed to public visitors on March 31, 2020, to reduce the risk of transmitting COVID– 19. Our Docket Center staff will continue to provide remote customer service via email, phone, and webform. For further information on EPA Docket Center services and the current status, please visit https://www.epa.gov/ dockets. Abstract: This ICR renewal covers the recordkeeping and reporting requirements for all aspects of the TSCA Title VI implementing regulations and regulations relating to accreditation bodies (ABs) and third-party certifiers (TPCs) that wish to participate in this third-party certification program. These ABs and TPCs must submit initial applications for recognition and update those applications every three and two years respectively using the Agency’s Central Data Exchange (CDX) system. In addition, ABs and TPCs must submit annual reports which relay certain information to the Agency on the TSCA Title VI certification and testing activities both ABs and TPCs have performed over the last year. TPCs are responsible for the certification of regulated composite wood products at the mill level through the oversight of panel producers, routine quarterly testing of composite wood products, and physical inspections of the panel production facilities. Through CDX, TPCs are responsible for reporting information including various notifications and annual reports. Panel producers are responsible for communicating routine testing documentation to their respective TPC pursuant to their responsibilities under 40 CFR 770.20 and 40 CFR 770.40. Panel producers are also responsible for providing certain records to downstream entities and purchasers of regulated composite wood products as well as the Agency, upon request. Importers, fabricators, distributors, and retailers are responsible for maintaining records pursuant to 40 CFR 770.30 and 40 CFR 770.40(d). Respondents/Affected Entities: Panel producers, fabricators, distributors, retailers, TPCs, and ABs. Respondent’s obligation to respond: Mandatory (15 U.S.C. 2697). Estimated total number of potential respondents: 990,269 firms (total). Frequency of response: On occasion. Estimated total burden: 84,793 hours (per year). Burden is defined at 5 CFR 1320.3(b). Estimated total costs: $19,638,018 (per year), with no annualized capital or operation and maintenance costs. Changes in the estimates: There is an overall decrease of 1,396,732 hours in the total estimated combined respondent burden that is currently approved by OMB. The decrease is due to adjustments in EPA’s estimates of the burden, including revisions to the estimated burden reflecting activities that only had one-time burdens associated with the initial implementation of the rule, and revisions to the estimated number of respondents based on the actual number of participants in the TSCA Title VI program. Courtney Kerwin, Director, Regulatory Support Division. [FR Doc. 2020–13456 Filed 6–22–20; 8:45 am] BILLING CODE 6560–50–P FEDERAL DEPOSIT INSURANCE CORPORATION [OMB No. 3064–0061; –0125; and –0176] 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 SUMMARY: 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 July 23, 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: Summary of Deposits. OMB Number: 3064–0061. Affected Public: FDIC-insured depository institutions. Burden Estimate: jbell on DSKJLSW7X2PROD with NOTICES SUMMARY OF ANNUAL BURDEN Information collection description Type of burden Obligation to respond Summary of Deposits .................... Reporting .......... Mandatory ......... VerDate Sep<11>2014 17:17 Jun 22, 2020 Jkt 250001 PO 00000 Frm 00035 Fmt 4703 Estimated number of respondents 4,299 Sfmt 4703 Estimated frequency of responses Annually ............ E:\FR\FM\23JNN1.SGM 23JNN1 Estimated time per response (hours) Estimated annual burden (hours) 3 12,897 37657 Federal Register / Vol. 85, No. 121 / Tuesday, June 23, 2020 / Notices SUMMARY OF ANNUAL BURDEN—Continued Information collection description Total Estimated Annual Burden. Type of burden Obligation to respond Estimated number of respondents Estimated frequency of responses Estimated time per response (hours) Estimated annual burden (hours) ........................... ........................... ........................ ........................... ........................ 12,897 General Description of Collection: The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all FDIC-insured institutions, including insured U.S. branches of foreign banks. All FDICinsured institutions that operate a main office and one or more branch locations (including limited service drive-thru locations) as of June 30 each year are required to file the SOD Survey. Insured branches of foreign banks are also required to file. All data collected on the SOD submission are available to the public. The survey data provides a basis for measuring the competitive impact of bank mergers and has additional use in research on banking. 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 544 from the estimated 4,843 annual respondents in the currently-approved information collection to the current estimate of 4,299. The decrease in estimated respondents is the result of the drop in the total number of insured depository institutions. 2. Title: Foreign Banking Investments by Insured State Nonmember Banks. OMB Number: 3064–0125. jbell on DSKJLSW7X2PROD with NOTICES SUMMARY OF ANNUAL BURDEN Estimated number of respondents Estimated frequency of responses Estimated time per response (hours) Estimated annual burden (hours) On Occasion ..... 2 2 1 On Occasion ..... 40 40 Mandatory ......... 1 On Occasion ..... 2 2 Reporting .......... Mandatory ......... 1 On Occasion ..... 6 6 Reporting .......... Mandatory ......... 2 On Occasion ..... 60 120 Reporting .......... Mandatory ......... 2 On Occasion ..... 1 2 Recordkeeping .. Mandatory ......... 10 On Occasion ..... 400 4,000 ........................... ........................... ........................ ........................... ........................ 4,172 Information collection description Type of burden Obligation to respond Notices or applications to establish, move, or close a foreign branch (303.182). Notices or applications for authorization for foreign branch to engage in activities other than those permitted in 347.115 (303.121). Notices or applications by insured state nonmember bank to invest in, or divest its interest in, a foreign organization (303.183). Merger transactions involving foreign organizations (303.185(b) referencing 303.62). Notices or applications to invest in foreign organizations, or to engage in certain activities through foreign organizations (303.183(b) and\or 303.121). Notice of foreign divestiture of foreign organization (303.183(d). Document policies and procedures for supervision of foreign activities of insured state nonmember banks (347.116)(Implementation). Reporting .......... Mandatory ......... 1 Reporting .......... Mandatory ......... Reporting .......... Total Estimated Annual Burden. Affected Public: Insured state nonmember banks and state savings associations. Burden Estimate: General Description of Collection: The Federal Deposit Insurance (FDI) Act requires state nonmember banks to obtain FDIC consent to establish or operate a foreign branch, or to acquire and hold, directly or indirectly, stock or other evidence of ownership in any foreign bank or other entity. The FDI VerDate Sep<11>2014 17:17 Jun 22, 2020 Jkt 250001 Act also authorizes the FDIC to impose conditions for such consent and to issue regulations related thereto. This collection is a direct consequence of those statutory requirements. 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 2 from the estimated 20 annual respondents in the currently-approved information PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 collection to the current estimate of 18. The decrease in estimated respondents is the result of the drop in the total number of insured depository institutions. 3. Title: Reverse Mortgage Products. OMB Number: 3064–0176. Affected Public: Insured state nonmember banks and state savings associations making reverse mortgage. Burden Estimate: E:\FR\FM\23JNN1.SGM 23JNN1 37658 Federal Register / Vol. 85, No. 121 / Tuesday, June 23, 2020 / Notices SUMMARY OF ANNUAL BURDEN Information collection description Reverse Mortgage Products—Implementation. Reverse Mortgage Products—Ongoing. Total Estimated Annual Burden. Estimated time per response (hours) Estimated annual burden (hours) 1 1 ........................ 40 40 Voluntary ........... 30 1 ........................ 8 248 ........................... ........................... ........................ ........................... ........................ 280 The FDIC revised its estimates of the number of respondents to this information collection based on changes in the estimated number of respondents due to economic conditions. The hourly burden per response remains the same, recognizing a difference between the amount of time required to implement policies and procedures and the amount of time required to maintain records on an ongoing basis once those policies and procedures have been established. Total Estimated Number of Respondents jbell on DSKJLSW7X2PROD with NOTICES Estimated frequency of responses Voluntary ........... Methodology and Assumptions FDIC revised its estimate of the number of respondents to this information collection. Potential respondents to this information collection include all FDIC-supervised institutions that adopt or revise policies and procedures regarding reverse mortgage offerings. The estimate for respondents with ongoing reverse mortgage products was calculated using 2018 Home Mortgage Disclosure Act (HMDA) data and 2018 monthly U.S. Department of Housing and Urban Development (HUD) Home Equity Conversion Mortgage (HECM) data. For the 2018 HMDA data, the FDIC identified 27 institutions that had at least 1 application for a reverse mortgage.1 In order to account for reverse mortgage originators who did HMDA only began tracking reverse mortgages with the 2018 HMDA data, meaning that there is no way to identify reverse mortgages in HMDA data in 2017 or earlier. 1 17:17 Jun 22, 2020 Estimated number of respondents Third-Party Disclosure. Third-Party Disclosure. 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). VerDate Sep<11>2014 Obligation to respond Type of burden Jkt 250001 not report HMDA data, the FDIC cross referenced to the 2018 HUD HECM data and identified 6 institutions with at least 1 application in the 2018 HUD HECM data. Three of those institutions were also identified in the 2018 HMDA data; thus, the FDIC identified 30 total reverse mortgage originators using 2018 data from the two sources. To estimate the number of institutions facing implementation burden, FDIC looked at the change in the estimated number of respondents facing ongoing burden for revising existing policies and procedures. In 2016 FDIC estimated the number of respondents facing ongoing burden to be 26. The current estimated number of FDIC-supervised institutions that offer reverse mortgages is 30. The FDIC assumes that approximately 4 institutions began offering reverse mortgages over the last three years and estimates the number of respondents implementing reverse mortgage products to be approximately one per year. Estimated Hourly Burden FDIC estimates the recordkeeping burden associated with implementing and documenting incentive-based compensation policies and procedures to be 40 hours per respondent, per year. FDIC estimates the recordkeeping burden associated with revising and documenting incentive-based compensation policies and procedures previously adopted and documented to be 8 hours per respondent, per year. 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 PO 00000 Frm 00037 Fmt 4703 Sfmt 4703 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 June 17, 2020. James P. Sheesley, Acting Assistant Executive Secretary. [FR Doc. 2020–13425 Filed 6–22–20; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Sunshine Act Meeting 2:30 p.m. on Thursday, June 25, 2020. PLACE: The meeting is open to the public. Out of an abundance of caution related to current and potential coronavirus developments, the public’s means to observe this Board meeting will be via a Webcast live on the internet and subsequently made available on-demand approximately one week after the event. Visit http:// fdic.windrosemedia.com to view the live event. Visit http:// fdic.windrosemedia.com/ index.php?category= FDIC+Board+Meetings after the meeting. If you need any technical assistance, please visit our Video Help page at: https://www.fdic.gov/video.html. Observers requiring auxiliary aids (e.g., sign language interpretation) for this meeting should call 703–562–2404 (Voice) or 703–649–4354 (Video Phone) to make necessary arrangements. STATUS: Open. MATTERS TO BE CONSIDERED: Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation’s Board of Directors will meet in open session to consider the following matters: TIME AND DATE: Summary Agenda No substantive discussion of the following items is anticipated. These matters will be resolved with a single E:\FR\FM\23JNN1.SGM 23JNN1

Agencies

[Federal Register Volume 85, Number 121 (Tuesday, June 23, 2020)]
[Notices]
[Pages 37656-37658]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-13425]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0061; -0125; and -0176]


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 July 23, 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: Summary of Deposits.
    OMB Number: 3064-0061.
    Affected Public: FDIC-insured depository institutions.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                      Estimated                           Estimated time     Estimated
Information collection  description      Type of burden         Obligation to         number of     Estimated  frequency   per response    annual burden
                                                                   respond           respondents        of responses          (hours)         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Summary of Deposits................  Reporting............  Mandatory............           4,299  Annually.............               3          12,897
                                                                                  ----------------                       -------------------------------

[[Page 37657]]

 
    Total Estimated Annual Burden..  .....................  .....................  ..............  .....................  ..............          12,897
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Summary of Deposits (SOD) is 
the annual survey of branch office deposits as of June 30 for all FDIC-
insured institutions, including insured U.S. branches of foreign banks. 
All FDIC-insured institutions that operate a main office and one or 
more branch locations (including limited service drive-thru locations) 
as of June 30 each year are required to file the SOD Survey. Insured 
branches of foreign banks are also required to file. All data collected 
on the SOD submission are available to the public. The survey data 
provides a basis for measuring the competitive impact of bank mergers 
and has additional use in research on banking.
    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 544 from the 
estimated 4,843 annual respondents in the currently-approved 
information collection to the current estimate of 4,299. The decrease 
in estimated respondents is the result of the drop in the total number 
of insured depository institutions.
    2. Title: Foreign Banking Investments by Insured State Nonmember 
Banks.
    OMB Number: 3064-0125.

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                      Estimated                           Estimated time     Estimated
 Information collection description      Type of burden         Obligation to         number of     Estimated  frequency   per response    annual burden
                                                                   respond           respondents       of  responses          (hours)         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notices or applications to           Reporting............  Mandatory............               1  On Occasion..........               2               2
 establish, move, or close a
 foreign branch (303.182).
Notices or applications for          Reporting............  Mandatory............               1  On Occasion..........              40              40
 authorization for foreign branch
 to engage in activities other than
 those permitted in 347.115
 (303.121).
Notices or applications by insured   Reporting............  Mandatory............               1  On Occasion..........               2               2
 state nonmember bank to invest in,
 or divest its interest in, a
 foreign organization (303.183).
Merger transactions involving        Reporting............  Mandatory............               1  On Occasion..........               6               6
 foreign organizations (303.185(b)
 referencing 303.62).
Notices or applications to invest    Reporting............  Mandatory............               2  On Occasion..........              60             120
 in foreign organizations, or to
 engage in certain activities
 through foreign organizations
 (303.183(b) and\or 303.121).
Notice of foreign divestiture of     Reporting............  Mandatory............               2  On Occasion..........               1               2
 foreign organization (303.183(d).
Document policies and procedures     Recordkeeping........  Mandatory............              10  On Occasion..........             400           4,000
 for supervision of foreign
 activities of insured state
 nonmember banks
 (347.116)(Implementation).
                                                                                  ----------------                       -------------------------------
    Total Estimated Annual Burden..  .....................  .....................  ..............  .....................  ..............           4,172
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:
    General Description of Collection: The Federal Deposit Insurance 
(FDI) Act requires state nonmember banks to obtain FDIC consent to 
establish or operate a foreign branch, or to acquire and hold, directly 
or indirectly, stock or other evidence of ownership in any foreign bank 
or other entity. The FDI Act also authorizes the FDIC to impose 
conditions for such consent and to issue regulations related thereto. 
This collection is a direct consequence of those statutory 
requirements.
    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 2 from the estimated 
20 annual respondents in the currently-approved information collection 
to the current estimate of 18. The decrease in estimated respondents is 
the result of the drop in the total number of insured depository 
institutions.
    3. Title: Reverse Mortgage Products.
    OMB Number: 3064-0176.
    Affected Public: Insured state nonmember banks and state savings 
associations making reverse mortgage.
    Burden Estimate:

[[Page 37658]]



                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                      Estimated                           Estimated time     Estimated
 Information collection description      Type of burden         Obligation to         number of     Estimated  frequency   per response    annual burden
                                                                   respond           respondents       of  responses          (hours)         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reverse Mortgage Products--          Third-Party            Voluntary............               1  1....................              40              40
 Implementation.                      Disclosure.
Reverse Mortgage Products--Ongoing.  Third-Party            Voluntary............              30  1....................               8             248
                                      Disclosure.
                                                                                  ----------------------------------------------------------------------
    Total Estimated Annual Burden..  .....................  .....................  ..............  .....................  ..............             280
--------------------------------------------------------------------------------------------------------------------------------------------------------

    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).

Methodology and Assumptions

    The FDIC revised its estimates of the number of respondents to this 
information collection based on changes in the estimated number of 
respondents due to economic conditions. The hourly burden per response 
remains the same, recognizing a difference between the amount of time 
required to implement policies and procedures and the amount of time 
required to maintain records on an ongoing basis once those policies 
and procedures have been established.

Total Estimated Number of Respondents

    FDIC revised its estimate of the number of respondents to this 
information collection. Potential respondents to this information 
collection include all FDIC-supervised institutions that adopt or 
revise policies and procedures regarding reverse mortgage offerings. 
The estimate for respondents with ongoing reverse mortgage products was 
calculated using 2018 Home Mortgage Disclosure Act (HMDA) data and 2018 
monthly U.S. Department of Housing and Urban Development (HUD) Home 
Equity Conversion Mortgage (HECM) data. For the 2018 HMDA data, the 
FDIC identified 27 institutions that had at least 1 application for a 
reverse mortgage.\1\ In order to account for reverse mortgage 
originators who did not report HMDA data, the FDIC cross referenced to 
the 2018 HUD HECM data and identified 6 institutions with at least 1 
application in the 2018 HUD HECM data. Three of those institutions were 
also identified in the 2018 HMDA data; thus, the FDIC identified 30 
total reverse mortgage originators using 2018 data from the two 
sources.
---------------------------------------------------------------------------

    \1\ HMDA only began tracking reverse mortgages with the 2018 
HMDA data, meaning that there is no way to identify reverse 
mortgages in HMDA data in 2017 or earlier.
---------------------------------------------------------------------------

    To estimate the number of institutions facing implementation 
burden, FDIC looked at the change in the estimated number of 
respondents facing ongoing burden for revising existing policies and 
procedures. In 2016 FDIC estimated the number of respondents facing 
ongoing burden to be 26. The current estimated number of FDIC-
supervised institutions that offer reverse mortgages is 30. The FDIC 
assumes that approximately 4 institutions began offering reverse 
mortgages over the last three years and estimates the number of 
respondents implementing reverse mortgage products to be approximately 
one per year.

Estimated Hourly Burden

    FDIC estimates the recordkeeping burden associated with 
implementing and documenting incentive-based compensation policies and 
procedures to be 40 hours per respondent, per year. FDIC estimates the 
recordkeeping burden associated with revising and documenting 
incentive-based compensation policies and procedures previously adopted 
and documented to be 8 hours per respondent, per year.

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 June 17, 2020.
James P. Sheesley,
Acting Assistant Executive Secretary.
[FR Doc. 2020-13425 Filed 6-22-20; 8:45 am]
BILLING CODE 6714-01-P