Agency Information Collection Activities: Submission for OMB Review; Comment Request, 47967-47969 [2020-17330]

Download as PDF 47967 Federal Register / Vol. 85, No. 153 / Friday, August 7, 2020 / Notices Order, which adopted new rules to make available 280 megahertz of midband spectrum for flexible use through a Commission-administered public auction of overlay licenses, plus a 20 megahertz guard band, throughout the contiguous United States by transitioning existing services out of the lower portion and in to the upper 200 megahertz of the C-band. The 3.7 GHz Report and Order required eligible Fixed Satellite Service (FSS) space station operators to select, no later than July 31, 2020, a Relocation Coordinator that will be responsible for managing the overall transition and coordinating relocation actions among eligible FSS space station operators, incumbent FSS earth station operators, and new 3.7 GHz Service overlay licensees. The 3.7 GHz Report and Order required that the Relocation Coordinator ‘‘must be able to demonstrate that it has the requisite expertise to perform the duties required, which will include: (1) Coordinating the schedule for clearing the band; (2) performing engineering analysis, as necessary, to determine necessary earth station migration actions; (3) assigning obligations, as necessary, for earth station migrations and filtering; (4) coordinating with overlay licensees throughout the transition process; (5) assessing the completion of the transition in each PEA and determining overlay licensees’ ability to commence operations; and (6) mediating scheduling disputes.’’ On July 31, 2020, eligible space station operators announced that they had selected RSM US LLP (RSM) to serve as the Relocation Coordinator. We seek comment on whether RSM satisfies the criteria established by the Commission in the 3.7 GHz Report and Order. As directed by the Commission in the 3.7 GHz Report and Order, following the comment period, the Bureau will issue an order announcing whether the selection criteria have been satisfied. Should the Bureau be unable to find that the criteria have been satisfied, the 3.7 GHz Report and Order required that the selection process will start over and the search committee of eligible space station operators will submit a new proposed entity. Federal Communications Commission Amy Brett, Chief of Staff, Competition and Infrastructure Policy Division, Wireless Telecommunications Bureau. [FR Doc. 2020–17291 Filed 8–6–20; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION [OMB No. 3064–0087;–0143] 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 June 2, 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. SUMMARY: Comments must be submitted on or before September 8, 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: Procedures for Monitoring Bank Secrecy Act Compliance. OMB Number: 3064–0087. Affected Public: Insured State Nonmember Banks and Savings Associations. Burden Estimate: DATES: jbell on DSKJLSW7X2PROD with NOTICES SUMMARY OF ANNUAL BURDEN Estimated frequency of responses Estimated time per response (hours) Estimated annual burden (hours) 2,523 On Occasion ........... 35 88,305 Mandatory ............... 774 On Occasion ........... 250 193,500 Mandatory ............... 47 On Occasion ........... 450 21,150 Information collection description Type of burden Obligation to respond Procedures for Monitoring BSA Compliance—Small Institutions (Less than $500 million). Procedures for Monitoring BSA Compliance—Medium Institutions ($500 million– $10 billion). Procedures for Monitoring BSA Compliance—Large Institutions (Over $10 billion). Recordkeeping ........ Mandatory ............... Recordkeeping ........ Recordkeeping ........ Total Estimated Annual Burden: 302,955 hours. General Description of Collection: Respondents must establish and VerDate Sep<11>2014 20:25 Aug 06, 2020 Jkt 250001 Estimated number of respondents maintain procedures designed to monitor and ensure their compliance with the requirements of the Bank Secrecy Act and the implementing PO 00000 Frm 00024 Fmt 4703 Sfmt 4703 regulations promulgated by the Department of Treasury at 31 CFR Chapter X. Respondents must also provide training for appropriate E:\FR\FM\07AUN1.SGM 07AUN1 47968 Federal Register / Vol. 85, No. 153 / Friday, August 7, 2020 / Notices personnel. There is no change in the method or substance of the collection. The overall reduction in burden hours is a result of economic fluctuation. In particular, the number of respondents has decreased while the hours per response remain the same. 2. Title: Forms Relating To Processing Deposit Insurance Claims. OMB Number: 3064–0143. Affected Public: Private sector individuals and entities maintaining deposits at insured depository institutions. Burden Estimate: SUMMARY OF ESTIMATED ANNUAL BURDEN Type of burden jbell on DSKJLSW7X2PROD with NOTICES Combined Deposit Brokers and Individuals: 7200/04—Declaration for Government Deposit ..................................... 7200/05—Declaration for Revocable Trust ............................................ 7200/06—Declaration of Independent Activity ....................................... 7200/07—Declaration of Independent Activity for Unincorporated Association. 7200/08—Declaration for Joint Ownership Deposit ............................... 7200/09—Declaration for Testamentary Deposit ................................... 7200/10—Declaration for Defined Contribution Plan ............................. 7200/11—Declaration for IRA/KEOGH Deposit ..................................... 7200/12—Declaration for Defined Benefit Plan ..................................... 7200/13—Declaration of Custodian Deposit .......................................... 7200/14—Declaration or Health and Welfare Plan ................................ 7200/15—Declaration for Plan and Trust ............................................... 7200/18—Declaration for Irrevocable Trust ........................................... 7200/24—Claimant Verification .............................................................. 7200/26—Depositor Interview Form ...................................................... Subtotal: Combined Brokers and Individuals .................................. Deposit Brokers Only: Deposit Broker Submission Checklist .................................................... Diskette, following ‘‘Broker Input File Requirements’’—burden will vary depending on the broker’s number of brokered accounts. Exhibit B, the standard agency agreement, or the non-standard agency agreement. Estimated time per response ........... ........... ........... ........... 14 165 1 1 0.5 0.5 0.5 0.5 Reporting ........... Reporting ........... Reporting ........... Reporting ........... Reporting ........... Reporting ........... Reporting ........... Reporting ........... Reporting ........... Reporting ........... Reporting ........... ........................... 1 21 1 1 1 1 12 1 1 218 198 637 0.5 0.5 1.0 0.5 1.0 0.5 1.0 0.5 0.5 0.5 0.5 ........................ Reporting Reporting Reporting Reporting ........... ........... ........... ........... 136 102 34 136 0.0833 0.750 5.0 0.0167 Subtotal: Deposit Brokers Only ....................................................... ........................... 136 Total Estimated Annual Burden ............................................... ........................... ........................ General Description of Collection: When an insured depository institution (‘‘IDI’’) is closed by its primary regulatory authority, the FDIC has the responsibility to pay the insured deposits pursuant to Section 11(a) and (f) of the Federal Deposit Insurance Act (FDI Act), 12 U.S.C. 1821(a) and (f), and the FDIC’s regulations, ‘‘Deposit Insurance Coverage’’, 12 CFR part 330, and ‘‘Recordkeeping for Timely Deposit Insurance Determination’’, 12 CFR part 370. In the event that the requisite information is not available in a failed IDI’s records, the FDIC will utilize these forms, declarations and affidavits to request the necessary information from a depositor. Generally, deposits are insured to a maximum of $250,000. This maximum coverage is based on ‘‘ownership rights and capacities.’’ All deposits that are maintained in the same right and capacity are added together and insured up to $250,000 in accordance with the regulations relating to deposit insurance of that particular deposit insurance ownership category. Deposits held in different ownership categories are eligible for $250,000 coverage per category. For example, as a general rule, single ownership accounts are VerDate Sep<11>2014 20:25 Aug 06, 2020 Jkt 250001 Reporting Reporting Reporting Reporting Estimated number of respondents separately insured from trust accounts held for qualified beneficiaries. At the time of an IDI’s closing, the FDIC obtains information about customer accounts from the IDI’s deposit account records. Based on the IDI’s records, the FDIC makes determinations about insurance coverage for each depositor. Depositors deemed to be uninsured because their deposits are over $250,000 may qualify for additional insurance coverage if they can provide documentation substantiating eligibility. a. General Deposit Accounts. The forms, declarations, and affidavits in this collection facilitate customers providing the FDIC with the information that may permit a more comprehensive deposit insurance determination. b. Deposit Brokers. A failed IDI’s deposit account records may not reveal the actual owner(s) of a particular deposit account. Rather, the deposit account records may indicate that the deposit was placed at the insured institution by a deposit broker on behalf of one or more third parties. In some cases, the broker’s customer may not be an actual owner of the deposit but merely a ‘‘second-tier’’ deposit broker with its own customers. In turn, these customers could be ‘‘third-tier’’ deposit PO 00000 Frm 00025 Fmt 4703 Sfmt 4703 Frequency of response On On On On Occasion Occasion Occasion Occasion Total estimated annual burden ..... ..... ..... ..... 7 83 0.5 0.5 On Occasion ..... On Occasion ..... On Occasion ..... On Occasion ..... On Occasion ..... On Occasion ..... On Occasion ..... On Occasion ..... On Occasion ..... On Occasion ..... On Occasion ..... ........................... 0.5 11 1 0.5 1 0.5 12 0.5 0.5 109 99 326.5 On On On On ..... ..... ..... ..... 11.33 76.5 170 2.27 ........................ ........................... 260.13 ........................ ........................... 581.10 Occasion Occasion Occasion Occasion brokers with their own customers. Deposits held in the name of a deposit broker on behalf of clients are covered by federal deposit insurance (up to the $250,000 limit) the same as if the broker’s clients had deposited the funds directly into the insured institution (assuming that the clients are the actual owners of the deposits). This is called ‘‘pass-through’’ deposit insurance coverage. In order to analyze ownership interest and provide pass-through insurance coverage, the FDIC must obtain certain information from both first- and lowertier deposit brokers: (1) Evidence that each deposit broker is not an owner but an agent or custodian with respect to some or all of the funds at issue; (2) a list of all parties for whom each deposit broker acted as agent or custodian; and (3) the dollar amount of funds held by each deposit broker for each such party as of the date of the IDI’s failure. There is no change in the substance or methodology of this information collection. The change in burden is due to the FDIC estimating one respondent for certain forms where FDIC previously estimated zero respondents. In the table above, one respondent is being used as a placeholder to preserve the burden E:\FR\FM\07AUN1.SGM 07AUN1 47969 Federal Register / Vol. 85, No. 153 / Friday, August 7, 2020 / Notices estimate for forms in case they come into use in the future. 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 August 4, 2020. James P. Sheesley, Acting Assistant Executive Secretary. [FR Doc. 2020–17330 Filed 8–6–20; 8:45 am] BILLING CODE 6714–01–P FEDERAL ELECTION COMMISSION [NOTICE 2020–07] Filing Dates for the Georgia Special Election in the 5th Congressional District Special Election Federal Election Commission. Notice of filing dates for special election. AGENCY: ACTION: Georgia has scheduled a Special General Election on September 29, 2020, to fill the U.S. House of Representatives seat of the late Representative John Lewis. Under SUMMARY: Georgia law, a majority winner in a Special General Election is declared elected. Should no candidate achieve a majority vote, a Special Runoff Election will be held on December 1, 2020, between the top two vote-getters. Political committees participating in the Georgia special elections are required to file pre- and post-election reports. Filing deadlines for these reports are affected by whether one or two elections are held. Ms. Elizabeth S. Kurland, Information Division, 1050 First Street NE, Washington, DC 20463; Telephone: (202) 694–1100; Toll Free (800) 424– 9530. FOR FURTHER INFORMATION CONTACT: SUPPLEMENTARY INFORMATION: Principal Campaign Committees All principal campaign committees of candidates who participate in both the Georgia Special General and Special Runoff Elections shall file a 12-day PreGeneral Report on September 17, 2020; a 12-day Pre-Runoff Report on November 19, 2020; and a 30-day PostRunoff Report on December 31, 2020. (See charts below for the closing date for each report.) If both elections are held, all principal campaign committees of candidates who participate only in the Special General Election shall file a 12-day Pre-General Report on September 17, 2020. (See charts below for the closing date for each report.) If only one election is held, all principal campaign committees of candidates in the Special General Election shall file a 12-day Pre-General Report on September 17, 2020; and a 30day Post-General Report on October 29, 2020. (See charts below for the closing date for each report.) Note that these reports are in addition to the campaign committee’s regular quarterly filings. (See charts below for the closing date for each report). Unauthorized Committees (PACs and Party Committees) Political committees not filing monthly are subject to special election reporting if they make previously undisclosed contributions or expenditures in connection with the Georgia Special General or Special Runoff Elections by the close of books for the applicable report(s). (See charts below for the closing date for each report.) Committees filing monthly that make contributions or expenditures in connection with the Georgia Special General or Special Runoff Elections will continue to file according to the monthly reporting schedule. Additional disclosure information in connection with the Georgia special elections may be found on the FEC website at https://www.fec.gov/helpcandidates-and-committees/dates-anddeadlines/. Disclosure of Lobbyist Bundling Activity Principal campaign committees, party committees and leadership PACs that are otherwise required to file reports in connection with the special election must simultaneously file FEC Form 3L if they receive two or more bundled contributions from lobbyists/registrants or lobbyist/registrant PACs that aggregate in excess of $19,000 during the special election reporting period. (See charts below for closing date of each period.) 11 CFR 104.22(a)(5)(v), (b), 110.17(e)(2), (f). CALENDAR OF REPORTING DATES FOR GEORGIA SPECIAL ELECTION(S) Close of books 1 jbell on DSKJLSW7X2PROD with NOTICES Report If only the special general is held (09/29/2020), committees involved must file: Special Pre-General .................................................................................................................... October Quarterly ........................................................................................................................ Special Post-General ................................................................................................................... Year-End ...................................................................................................................................... If two elections are held, committees involved only in the special general (09/29/2020) must file: Special Pre-General .................................................................................................................... October Quarterly ........................................................................................................................ If two elections are held, committees involved only in the special runoff (12/01/2020) must file: Special Pre-Runoff ....................................................................................................................... Special Post-Runoff ..................................................................................................................... Year-End ...................................................................................................................................... Committees inovlved in both the special general (09/29/2020) and special runoff (12/01/2020) must file: VerDate Sep<11>2014 20:25 Aug 06, 2020 Jkt 250001 PO 00000 Frm 00026 Fmt 4703 Sfmt 4703 Reg./cert. & overnight mailing deadline Filing deadline 09/09/2020 09/30/2020 10/19/2020 12/31/2020 09/14/2020 10/15/2020 10/29/2020 01/31/2021 09/17/2020 10/15/2020 10/29/2020 2 01/31/2021 09/09/2020 09/30/2020 09/14/2020 10/15/2020 09/17/2020 10/15/2020 11/11/2020 12/21/2020 12/31/2020 11/16/2020 12/31/2020 01/31/2021 11/19/2020 12/31/2020 2 01/31/2021 E:\FR\FM\07AUN1.SGM 07AUN1

Agencies

[Federal Register Volume 85, Number 153 (Friday, August 7, 2020)]
[Notices]
[Pages 47967-47969]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17330]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0087;-0143]


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 June 2, 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 September 8, 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: Procedures for Monitoring Bank Secrecy Act Compliance.
    OMB Number: 3064-0087.
    Affected Public: Insured State Nonmember Banks and Savings 
Associations.
    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)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Procedures for Monitoring BSA        Recordkeeping........  Mandatory............           2,523  On Occasion..........              35          88,305
 Compliance--Small Institutions
 (Less than $500 million).
Procedures for Monitoring BSA        Recordkeeping........  Mandatory............             774  On Occasion..........             250         193,500
 Compliance--Medium Institutions
 ($500 million-$10 billion).
Procedures for Monitoring BSA        Recordkeeping........  Mandatory............              47  On Occasion..........             450          21,150
 Compliance--Large Institutions
 (Over $10 billion).
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Total Estimated Annual Burden: 302,955 hours.
    General Description of Collection: Respondents must establish and 
maintain procedures designed to monitor and ensure their compliance 
with the requirements of the Bank Secrecy Act and the implementing 
regulations promulgated by the Department of Treasury at 31 CFR Chapter 
X. Respondents must also provide training for appropriate

[[Page 47968]]

personnel. There is no change in the method or substance of the 
collection. The overall reduction in burden hours is a result of 
economic fluctuation. In particular, the number of respondents has 
decreased while the hours per response remain the same.
    2. Title: Forms Relating To Processing Deposit Insurance Claims.
    OMB Number: 3064-0143.
    Affected Public: Private sector individuals and entities 
maintaining deposits at insured depository institutions.
    Burden Estimate:

                                                           Summary of Estimated Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                             Estimated       Estimated                                         Total
                                                  Type of burden             number of       time per         Frequency of  response         estimated
                                                                            respondents      response                                      annual burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Combined Deposit Brokers and
 Individuals:
    7200/04--Declaration for Government   Reporting.....................              14             0.5  On Occasion...................               7
     Deposit.
    7200/05--Declaration for Revocable    Reporting.....................             165             0.5  On Occasion...................              83
     Trust.
    7200/06--Declaration of Independent   Reporting.....................               1             0.5  On Occasion...................             0.5
     Activity.
    7200/07--Declaration of Independent   Reporting.....................               1             0.5  On Occasion...................             0.5
     Activity for Unincorporated
     Association.
    7200/08--Declaration for Joint        Reporting.....................               1             0.5  On Occasion...................             0.5
     Ownership Deposit.
    7200/09--Declaration for              Reporting.....................              21             0.5  On Occasion...................              11
     Testamentary Deposit.
    7200/10--Declaration for Defined      Reporting.....................               1             1.0  On Occasion...................               1
     Contribution Plan.
    7200/11--Declaration for IRA/KEOGH    Reporting.....................               1             0.5  On Occasion...................             0.5
     Deposit.
    7200/12--Declaration for Defined      Reporting.....................               1             1.0  On Occasion...................               1
     Benefit Plan.
    7200/13--Declaration of Custodian     Reporting.....................               1             0.5  On Occasion...................             0.5
     Deposit.
    7200/14--Declaration or Health and    Reporting.....................              12             1.0  On Occasion...................              12
     Welfare Plan.
    7200/15--Declaration for Plan and     Reporting.....................               1             0.5  On Occasion...................             0.5
     Trust.
    7200/18--Declaration for Irrevocable  Reporting.....................               1             0.5  On Occasion...................             0.5
     Trust.
    7200/24--Claimant Verification......  Reporting.....................             218             0.5  On Occasion...................             109
    7200/26--Depositor Interview Form...  Reporting.....................             198             0.5  On Occasion...................              99
        Subtotal: Combined Brokers and    ..............................             637  ..............  ..............................           326.5
         Individuals.
Deposit Brokers Only:
    Deposit Broker Submission Checklist.  Reporting.....................             136          0.0833  On Occasion...................           11.33
    Diskette, following ``Broker Input    Reporting.....................             102           0.750  On Occasion...................            76.5
     File Requirements''--burden will     Reporting.....................              34             5.0  On Occasion...................             170
     vary depending on the broker's
     number of brokered accounts.
    Exhibit B, the standard agency        Reporting.....................             136          0.0167  On Occasion...................            2.27
     agreement, or the non-standard
     agency agreement.
                                         ---------------------------------------------------------------------------------------------------------------
        Subtotal: Deposit Brokers Only..  ..............................             136  ..............  ..............................          260.13
                                         ---------------------------------------------------------------------------------------------------------------
            Total Estimated Annual        ..............................  ..............  ..............  ..............................          581.10
             Burden.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: When an insured depository 
institution (``IDI'') is closed by its primary regulatory authority, 
the FDIC has the responsibility to pay the insured deposits pursuant to 
Section 11(a) and (f) of the Federal Deposit Insurance Act (FDI Act), 
12 U.S.C. 1821(a) and (f), and the FDIC's regulations, ``Deposit 
Insurance Coverage'', 12 CFR part 330, and ``Recordkeeping for Timely 
Deposit Insurance Determination'', 12 CFR part 370. In the event that 
the requisite information is not available in a failed IDI's records, 
the FDIC will utilize these forms, declarations and affidavits to 
request the necessary information from a depositor.
    Generally, deposits are insured to a maximum of $250,000. This 
maximum coverage is based on ``ownership rights and capacities.'' All 
deposits that are maintained in the same right and capacity are added 
together and insured up to $250,000 in accordance with the regulations 
relating to deposit insurance of that particular deposit insurance 
ownership category. Deposits held in different ownership categories are 
eligible for $250,000 coverage per category. For example, as a general 
rule, single ownership accounts are separately insured from trust 
accounts held for qualified beneficiaries.
    At the time of an IDI's closing, the FDIC obtains information about 
customer accounts from the IDI's deposit account records. Based on the 
IDI's records, the FDIC makes determinations about insurance coverage 
for each depositor. Depositors deemed to be uninsured because their 
deposits are over $250,000 may qualify for additional insurance 
coverage if they can provide documentation substantiating eligibility.
    a. General Deposit Accounts. The forms, declarations, and 
affidavits in this collection facilitate customers providing the FDIC 
with the information that may permit a more comprehensive deposit 
insurance determination.
    b. Deposit Brokers. A failed IDI's deposit account records may not 
reveal the actual owner(s) of a particular deposit account. Rather, the 
deposit account records may indicate that the deposit was placed at the 
insured institution by a deposit broker on behalf of one or more third 
parties. In some cases, the broker's customer may not be an actual 
owner of the deposit but merely a ``second-tier'' deposit broker with 
its own customers. In turn, these customers could be ``third-tier'' 
deposit brokers with their own customers. Deposits held in the name of 
a deposit broker on behalf of clients are covered by federal deposit 
insurance (up to the $250,000 limit) the same as if the broker's 
clients had deposited the funds directly into the insured institution 
(assuming that the clients are the actual owners of the deposits). This 
is called ``pass-through'' deposit insurance coverage.
    In order to analyze ownership interest and provide pass-through 
insurance coverage, the FDIC must obtain certain information from both 
first- and lower-tier deposit brokers: (1) Evidence that each deposit 
broker is not an owner but an agent or custodian with respect to some 
or all of the funds at issue; (2) a list of all parties for whom each 
deposit broker acted as agent or custodian; and (3) the dollar amount 
of funds held by each deposit broker for each such party as of the date 
of the IDI's failure.
    There is no change in the substance or methodology of this 
information collection. The change in burden is due to the FDIC 
estimating one respondent for certain forms where FDIC previously 
estimated zero respondents. In the table above, one respondent is being 
used as a placeholder to preserve the burden

[[Page 47969]]

estimate for forms in case they come into use in the future.

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 August 4, 2020.
James P. Sheesley,
Acting Assistant Executive Secretary.
[FR Doc. 2020-17330 Filed 8-6-20; 8:45 am]
BILLING CODE 6714-01-P