Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 59797-59800 [2020-21003]
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59797
Federal Register / Vol. 85, No. 185 / Wednesday, September 23, 2020 / Notices
and Marina Discharges: A Guide for
State and Local Officials, August 1994),
the estimated number of vessels
requiring pumpout facilities in Sarah
Creek and Perrin River during peak
occupancy is 221. For these vessels,
EPA guidance recommends at least one
pumpout facility each for Sarah Creek
and Perrin River.
In the application, the
Commonwealth certified that Sarah
Creek and Perrin River require greater
environmental protection than provided
by currently applicable federal
regulations. Sarah Creek and Perrin
River are tributaries of the York River,
which drains into the Chesapeake Bay.
All or portions of the proposed waters
are listed by the Commonwealth on
current or previous Clean Water Act
section 303(d) lists of impaired waters
as impaired for shellfish harvesting due
to fecal coliform. As such, many
shellfish beds are restricted or closed.
Both waterbodies are also impaired for
dissolved oxygen and aquatic plants
(macrophytes). Establishing a nodischarge zone will contribute to: (1)
Protecting the tidal ecosystem; (2)
restoring the restricted and closed
shellfish beds in these areas; and (3)
preventing further water quality
degradation and loss of beneficial uses
in these tributaries as well as in the
York River.
Sarah Creek and Perrin River are used
for a variety of activities, including
boating, fishing, shellfish harvesting,
oyster gardening, crabbing, water skiing,
swimming, and more. There are
marinas, private piers, numerous vessel
anchorages, public and private boat
launch facilities, commercial seafood
docks, and a waterside restaurant. Local
watermen are interwoven with the
unique identity of the Chesapeake Bay,
influencing its history, culture, and
economy. Furthermore, these
waterbodies provide food, spawning
grounds, and/or habitat to
approximately 33 threatened,
endangered, and rare species of plants
and animals, including the Atlantic
sturgeon, loggerhead sea turtle, and the
northern diamond-backed terrapin.
The EPA made a final determination
that adequate pumpout facilities are
reasonably available in both Sarah Creek
and Perrin River and that the use of
these facilities imposes minimal costs.
In Sarah Creek, there is no charge to use
the available pumpout facilities, while
in Perrin River there is a $5.00 fee per
pumpout for non-slip holders, though
the fee is waived with a small purchase
at the marina store. Depth at low tide at
the pumpout facilities is between five
and eight feet, which is comparable to
the depths at the entrances to Sarah
Creek and Perrin River. Therefore,
vessels requiring greater depths than
provided at the pumpout station would
have difficulty entering Sarah Creek or
Perrin River.
Following publication of the
Tentative Affirmative Determination in
the Federal Register on March 11, 2020,
a 30-day public comment period was
opened (85 FR 14195). The EPA did not
receive any comments regarding the
EPA’s intent to issue an affirmative
determination on Virginia’s application
to designate Sarah Creek and Perrin
River as a no-discharge zone.
Based on the information above, the
EPA hereby makes a final affirmative
determination that adequate facilities
for the safe and sanitary removal and
treatment of sewage from all vessels are
reasonably available for Sarah Creek and
Perrin River and its tributaries such that
the Commonwealth may establish a
vessel sewage no-discharge zone.
Cosmo Servidio,
Regional Administrator, EPA Region III.
[FR Doc. 2020–20956 Filed 9–22–20; 8:45 am]
BILLING CODE 6560–50–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Reduction Act of 1995 (PRA), invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collections described below
(OMB Control No. 3064–0083;–0085;–
0137;–0148;–0182–0194).
DATES: Comments must be submitted on
or before November 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.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Manny Cabeza, 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
[OMB No. 3064–0083;–0085;–0137;–0148;
–0182;–0194]
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:
The FDIC, as part of its
obligations under the Paperwork
SUMMARY:
1. Title: Recordkeeping and
Disclosure Requirements in Connection
with Regulation M (Consumer Leasing)
OMB Number: 3064–0083.
Form Number: None.
Affected Public: State nonmember
banks and state savings associations
engaging in consumer leasing.
Burden Estimate:
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents
Estimated
frequency
of responses
Estimated
time per
response
Estimated
annual
burden
(hours)
Information collection
description
Type of
burden
Obligation
to respond
Recordkeeping and Disclosure Requirements in Connection with Regulation M (Consumer Leasing).
Recordkeeping and Disclosure Requirements in Connection with Regulation M (Consumer Leasing).
Recordkeeping.
Third-Party
Disclosure.
Mandatory .........
52
On Occasion .....
0.375
1,950
Mandatory .........
52
On Occasion .....
0.375
1,950
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Federal Register / Vol. 85, No. 185 / Wednesday, September 23, 2020 / Notices
Total Estimated Annual Burden:
3,900 hours.
General Description of Collection:
Regulation M (12 CFR 1013), issued by
the Bureau of Consumer Financial
Protection, implements the consumer
leasing provisions of the Truth in
Lending Act. Regulation M requires
lessors of personal property to provide
consumers with meaningful disclosures
Connection with the Equal Credit
Opportunity Act Regulation B.
OMB Number: 3064–0085.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:
about the costs and terms of the leases
for personal property. Lessors are
required to retain evidence of
compliance with Regulation M for
twenty-four months. There is no change
in the methodology or substance of this
information collection. The estimated
annual burden is unchanged.
2. Title: Record Keeping, Reporting
and Disclosure Requirements in
SUMMARY OF ANNUAL BURDEN
Estimated
number
of respondents
Estimated
average
annual
frequency
of responses
Estimated total
annual
responses
Information collection
description
Type of
burden
Obligation to
respond
Credit Reporting History (1002.10) ..............
Reporting
Mandatory .........
3,309
850
2,812,650
Total Reporting Burden .........................
Estimated time
per
response
Estimated
annual burden
(hours)
2 minutes ...........
93,755
.................
...........................
........................
........................
........................
...........................
93,755
ThirdParty
Disclosure.
ThirdParty
Disclosure.
ThirdParty
Disclosure.
ThirdParty
Disclosure.
Voluntary ...........
972
2,500
2,430,000
1 minute ............
40,500
Mandatory .........
3,309
1,715
5,674,935
2 minutes ...........
189,165
Mandatory .........
3,309
190
628,710
1 minute ............
10,479
Mandatory .........
3,309
1,650
5,459,850
1 minute ............
90,998
Total Third-Party Disclosure Burden ....
.................
...........................
........................
........................
........................
...........................
331,142
Record Retention (Applications, Actions,
Pre-Screened Solicitations) (1002.12).
Record Retention (Self-Testing) (1002.12) ..
Mandatory .........
3,309
360
1,191,240
1 minute ............
19,854
Mandatory .........
972
1
972
2 hours ..............
1,944
Record Retention (Self-Testing Self-Correction) (1002.15).
Recordkeeping.
Recordkeeping.
Recordkeeping.
Mandatory .........
243
1
243
8 hours ..............
1,944
Total Recordkeeping Burden ................
.................
...........................
........................
........................
........................
...........................
23,742
Disclosure for Optional Self-Test (1002.5) ..
Notifications (1002.9) ...................................
Appraisal
Report
(1002.12(a)(1)).
Upon
Request
Notice of Right to Appraisal (1002.14(a)(2))
Total Estimated Annual Burden:
448,639 hours.
General Description of Collection:
Regulation B (12 CFR part 1002) issued
by the Consumer Financial Protection
Bureau, prohibits creditors from
discriminating against applicants on any
bases specified by the Equal Credit
Opportunity Act; imposes, reporting,
record keeping and disclosure
estimated time per response remain the
same.
3. Title: Interagency Guidance on
Asset Securitization Activities.
OMB Number: 3064–0137.
Form Number: None.
Affected Public: Insured State
Nonmember Banks and State Savings
Associations.
Burden Estimate:
requirements; establishes guidelines for
gathering and evaluating credit
information; and requires creditors to
give applicants certain written notices.
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 reporting frequency and the
SUMMARY OF ANNUAL BURDEN
Type of
burden
khammond on DSKJM1Z7X2PROD with NOTICES
Information collection description
Documentation of Fair Value ..............................................
Asset Securitization Policies—New Entrant .......................
Asset Securitization Policies—Upgrades of Policies .........
MIS Improvements—New Entrant ......................................
MIS Improvements—Systems Upgrades ...........................
VerDate Sep<11>2014
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Recordkeeping.
Recordkeeping.
Recordkeeping.
Recordkeeping.
Recordkeeping.
Frm 00064
Obligation
to respond
Estimated
number of
respondents
Estimated
frequency
of responses
Estimated
time per
response
(hours)
Estimated
annual
burden
(hours)
Mandatory .........
20
On Occasion .....
4
80
Mandatory .........
6
On Occasion .....
32
192
Mandatory .........
2
On Occasion .....
3
6
Mandatory .........
6
On Occasion .....
21
126
Mandatory .........
2
On Occasion .....
5
10
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Federal Register / Vol. 85, No. 185 / Wednesday, September 23, 2020 / Notices
Total Estimated Annual Burden: 414
hours.
General Description of Collection: The
Interagency Guidance on Asset
Securitization Activities informs
bankers and examiners of safe and
sound practices regarding asset
Securitization. The information
collections contained in the Interagency
Guidance are needed by institutions to
manage their asset Securitization
activities in a safe and sound manner.
respondents has increased while the
reporting frequency and the estimated
time per response remain the same.
4. Title: Interagency Statement on
Sound Practices Concerning Complex
Structured Finance Transactions.
OMB Number: 3064–0148.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:
Bank management uses this information
as the basis for the safe and sound
operation of their asset securitization
activities and to ensure that they
minimize operational risk in these
activities. There is no change in the
method or substance of the information
collection. The overall 257-hour
increase in estimated annual burden
(from 157 hours in 2017 to 414 hours
currently) is the result of economic
fluctuation. In particular, the number of
SUMMARY OF ANNUAL BURDEN
Type of
burden
Information collection description
Complex Structured Finance Transactions ........................
Total Estimated Annual Burden: 100
hours.
General Description of Collection: The
Interagency Statement on Sound
Practices Concerning Complex
Structured Finance Transactions
describes the types of internal controls
and risk management procedures that
the Agencies believe are particularly
effective in assisting financial
institutions to identify, evaluate, assess,
Estimated
number of
respondents
Obligation
to respond
Recordkeeping.
Mandatory .........
Estimated
time per
response
(hours)
Estimated
frequency
of responses
4
document, and control the full range of
credit, market, operational, legal and
reputation al risks. A financial
institution that engages in complex
structured finance transactions should
maintain a set of formal, written, firmwide policies and procedures that are
designed to allow the institution to
identify and assess these risks. There is
no change in the methodology or
substance of this information collection.
On Occasion .....
Estimated
annual
burden
(hours)
25
100
The estimated annual burden is
unchanged.
5. Title: Retail Foreign Exchange
Transactions.
OMB Number: 3064–0182.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Estimated
time per
response
(hours)
Estimated
total annual
responses
Obligation
to respond
Reporting Requirements ..............................
Reporting
Mandatory .........
1
On Occasion .....
1
16
16
.................
...........................
........................
...........................
........................
........................
16
Third-Party Disclosure Requirements ..........
ThirdParty
Disclosure.
Mandatory .........
1
On Occasion .....
1
166
166
Total Third-Party Disclosure Burden ....
Recordkeeping Requirements ......................
.................
Recordkeeping.
...........................
Mandatory .........
........................
1
...........................
On Occasion .....
........................
1
........................
1,332
16
1,332
Total Recordkeeping Burden ................
.................
...........................
........................
...........................
........................
........................
1,332
Total Estimated Annual Burden:
1,514 hours.
General Description of Collection:
This information collection implements
section 742(c)(2) of the Dodd-Frank Act
(7 U.S.C. 2(c)(2)(E) and FDIC regulations
governing retail foreign exchange
transactions as set forth at 12 CFR part
349, subpart B. The regulation allows
banking organizations under FDIC
supervision to engage in off-exchange
transactions in foreign currency with
retail customers provided they comply
with various reporting, recordkeeping
and third-party disclosure requirements
specified in the rule. If an institution
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Frequency of
response
Estimated
annual
burden
(hours)
Type of
burden
Total Reporting Burden .........................
khammond on DSKJM1Z7X2PROD with NOTICES
Estimated
number of
respondents
Information collection description
elects to conduct such transactions,
compliance with the information
collection is mandatory.
Reporting Requirements—Part 349,
subpart B requires that, prior to
initiating a retail foreign exchange
business; a banking institution must
provide the FDIC with a notice
certifying that the institution has
written policies and procedures, and
risk measurement and management
systems and controls in place to ensure
that retail foreign exchange transactions
are conducted in a safe and sound
manner. The institution must also
provide information about how it
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intends to manage customer due
diligence, new product approvals and
haircuts applied to noncash margin.
Recordkeeping Requirements—Part
349 subpart B requires that institutions
engaging in retail foreign exchange
transactions keep full, complete and
systematic records of account, financial
ledger, transaction, memorandum orders
and post execution allocations of
bunched orders. In addition, institutions
are required to maintain records
regarding their ratio of profitable
accounts, possible violations of law,
records of noncash margin and monthly
statements and confirmations issued.
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Federal Register / Vol. 85, No. 185 / Wednesday, September 23, 2020 / Notices
Disclosure Requirements—The
regulation requires that, before opening
an account that will engage in retail
foreign exchange transactions, a banking
institution must obtain from each retail
foreign exchange customer an
acknowledgement of receipt and
understanding of a written disclosure
specified in the rule and of disclosures
about the banking institution’s fees and
other charges and of its profitable
accounts ratio. The institution must also
provide monthly statements to each
retail foreign exchange customer and
must send confirmation statements
following every transaction.
The customer dispute resolution
provisions of the regulation require
6. Title: Covered Financial Company
Asset Purchaser Eligibility Certification.
certain endorsements,
acknowledgements and signature
language as well as the timely provision
of a list of persons qualified to handle
a customer’s request for arbitration.
There is no change in the method or
substance of the collection. At present
no FDIC-supervised institution is
engaging in activities that would make
them subject to the information
collection requirements. The agency is
keeping the estimated number of
respondents to one (1) as a placeholder
in case an institution elects to engage in
covered activities in the future. There
has been no change in the frequency of
response or in the estimated number of
hours required to respond.
OMB Number: 3064–0194.
Form Number: 7300/10.
Affected Public: Any individual or
entity that is a potential purchaser of
assets from (1) the FDIC as receiver for
a Covered Financial Company (CFC); or
(2) a bridge financial company (BFC)
which requires the approval of the
FDIC, as receiver for the predecessor
CFC and as the sole shareholder of the
BFC (e.g., the BFC’s sale of a significant
business line).
Burden Estimates:
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY OF ANNUAL BURDEN
Information collection description
Type of
burden
Obligation
to respond
Covered Financial Company Asset Sales Purchaser Eligibility Certification.
Reporting ......
Mandatory .........
Total Estimated Annual Burden: 5
hours.
General Description of Collection:
Assets held by the FDIC in the course
of liquidating any covered financial
company must not be sold to persons
who contributed to the demise of a
covered financial company in specified
ways (e.g., individuals who profited or
engaged in wrongdoing at the expense
of the failed institution, or seriously
mismanaged the failed institution). 12
CFR part 380 requires prospective
purchasers to complete and submit a
Purchaser Eligibility Certification (PEC)
to the FDIC. The PEC is a self
certification by a prospective purchaser
that it does not fall into any of the
categories of individuals or entities that
are prohibited by statute or regulation
from purchasing the assets of covered
financial companies. The PEC will be
required in connection with the sale of
assets by the FDIC, as receiver for a CFC,
or the sale of assets by a BFC which
requires the approval of the FDIC, as
receiver for the predecessor CFC and as
the sole shareholder of the BFC. There
is no change in the methodology or
substance of this information collection.
The estimated annual burden is
unchanged.
Request for Comment
Comments are invited on: (a) Whether
the collection of information is
VerDate Sep<11>2014
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Jkt 250001
Estimated
number of
respondents
10
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 September
17, 2020.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2020–21003 Filed 9–22–20; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL MARITIME COMMISSION
Notice of Agreements Filed
The Commission hereby gives notice
of the filing of the following agreements
under the Shipping Act of 1984.
Interested parties may submit
comments, relevant information, or
documents regarding the agreements to
PO 00000
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Estimated
frequency
of responses
Estimated
time per
response
(minutes)
On Occasion .....
Estimated
annual
burden
(hours)
30
the Secretary by email at Secretary@
fmc.gov, or by mail, Federal Maritime
Commission, Washington, DC 20573.
Comments will be most helpful to the
Commission if received within 12 days
of the date this notice appears in the
Federal Register. Copies of agreements
are available through the Commission’s
website (www.fmc.gov) or by contacting
the Office of Agreements at (202)-523–
5793 or tradeanalysis@fmc.gov.
Agreement No.: 201347.
Agreement Name: Sallaum/Hyundai
Glovis Space Charter Agreement.
Parties: Sallaum Lines Switzerland
AS and Hyundai Glovis Co., Ltd.
Filing Party: Wayne Rohde; Cozen
O’Connor.
Synopsis: The agreement authorizes
Sallaum to charter space to Hyundai
Glovis on an ‘‘as needed/as available’’
basis in the trade from ports in Mexico
to ports on the Atlantic and Gulf Coasts
of the United States.
Proposed Effective Date: 9/14/2020.
Location: https://www2.fmc.gov/
FMC.Agreements.Web/Public/
AgreementHistory/33505.
Dated: September 18, 2020.
Rachel Dickon,
Secretary.
[FR Doc. 2020–20969 Filed 9–22–20; 8:45 am]
BILLING CODE 6730–02–P
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]]>Agencies
[Federal Register Volume 85, Number 185 (Wednesday, September 23, 2020)]
[Notices]
[Pages 59797-59800]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21003]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0083;-0085;-0137;-0148; -0182;-0194]
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The FDIC, as part of its obligations under the Paperwork
Reduction Act of 1995 (PRA), invites the general public and other
Federal agencies to take this opportunity to comment on the renewal of
the existing information collections described below (OMB Control No.
3064-0083;-0085;-0137;-0148;-0182-0194).
DATES: Comments must be submitted on or before November 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.
All comments should refer to the relevant OMB control number. A
copy of the comments may also be submitted to the OMB desk officer for
the FDIC: Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, 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: Recordkeeping and Disclosure Requirements in Connection
with Regulation M (Consumer Leasing)
OMB Number: 3064-0083.
Form Number: None.
Affected Public: State nonmember banks and state savings
associations engaging in consumer leasing.
Burden Estimate:
Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated Estimated Estimated
Information collection Type of burden Obligation to respond number of Estimated frequency time per annual burden
description respondents of responses response (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Recordkeeping and Disclosure Recordkeeping....... Mandatory.............. 52 On Occasion........... 0.375 1,950
Requirements in Connection with
Regulation M (Consumer Leasing).
Recordkeeping and Disclosure Third-Party Mandatory.............. 52 On Occasion........... 0.375 1,950
Requirements in Connection with Disclosure.
Regulation M (Consumer Leasing).
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 59798]]
Total Estimated Annual Burden: 3,900 hours.
General Description of Collection: Regulation M (12 CFR 1013),
issued by the Bureau of Consumer Financial Protection, implements the
consumer leasing provisions of the Truth in Lending Act. Regulation M
requires lessors of personal property to provide consumers with
meaningful disclosures about the costs and terms of the leases for
personal property. Lessors are required to retain evidence of
compliance with Regulation M for twenty-four months. There is no change
in the methodology or substance of this information collection. The
estimated annual burden is unchanged.
2. Title: Record Keeping, Reporting and Disclosure Requirements in
Connection with the Equal Credit Opportunity Act Regulation B.
OMB Number: 3064-0085.
Form Number: None.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated
Estimated average Estimated Estimated
Information collection Type of burden Obligation to number of annual total annual Estimated time per annual burden
description respond respondents frequency of responses response (hours)
responses
--------------------------------------------------------------------------------------------------------------------------------------------------------
Credit Reporting History Reporting....... Mandatory.......... 3,309 850 2,812,650 2 minutes......... 93,755
(1002.10).
-----------------------------------------------------------------------------------
Total Reporting Burden... ................ ................... .............. .............. .............. .................. 93,755
--------------------------------------------------------------------------------------------------------------------------------------------------------
Disclosure for Optional Self- Third-Party Voluntary.......... 972 2,500 2,430,000 1 minute.......... 40,500
Test (1002.5). Disclosure.
Notifications (1002.9)....... Third-Party Mandatory.......... 3,309 1,715 5,674,935 2 minutes......... 189,165
Disclosure.
Appraisal Report Upon Request Third-Party Mandatory.......... 3,309 190 628,710 1 minute.......... 10,479
(1002.12(a)(1)). Disclosure.
Notice of Right to Appraisal Third-Party Mandatory.......... 3,309 1,650 5,459,850 1 minute.......... 90,998
(1002.14(a)(2)). Disclosure.
-----------------------------------------------------------------------------------
Total Third-Party ................ ................... .............. .............. .............. .................. 331,142
Disclosure Burden.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Record Retention Recordkeeping... Mandatory.......... 3,309 360 1,191,240 1 minute.......... 19,854
(Applications, Actions, Pre-
Screened Solicitations)
(1002.12).
Record Retention (Self- Recordkeeping... Mandatory.......... 972 1 972 2 hours........... 1,944
Testing) (1002.12).
Record Retention (Self- Recordkeeping... Mandatory.......... 243 1 243 8 hours........... 1,944
Testing Self-Correction)
(1002.15).
-----------------------------------------------------------------------------------
Total Recordkeeping ................ ................... .............. .............. .............. .................. 23,742
Burden.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total Estimated Annual Burden: 448,639 hours.
General Description of Collection: Regulation B (12 CFR part 1002)
issued by the Consumer Financial Protection Bureau, prohibits creditors
from discriminating against applicants on any bases specified by the
Equal Credit Opportunity Act; imposes, reporting, record keeping and
disclosure requirements; establishes guidelines for gathering and
evaluating credit information; and requires creditors to give
applicants certain written notices. 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 reporting frequency and the
estimated time per response remain the same.
3. Title: Interagency Guidance on Asset Securitization Activities.
OMB Number: 3064-0137.
Form Number: None.
Affected Public: Insured State Nonmember Banks and State Savings
Associations.
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 (hours) (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Documentation of Fair Value...... Recordkeeping....... Mandatory.............. 20 On Occasion........... 4 80
Asset Securitization Policies-- Recordkeeping....... Mandatory.............. 6 On Occasion........... 32 192
New Entrant.
Asset Securitization Policies-- Recordkeeping....... Mandatory.............. 2 On Occasion........... 3 6
Upgrades of Policies.
MIS Improvements--New Entrant.... Recordkeeping....... Mandatory.............. 6 On Occasion........... 21 126
MIS Improvements--Systems Recordkeeping....... Mandatory.............. 2 On Occasion........... 5 10
Upgrades.
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 59799]]
Total Estimated Annual Burden: 414 hours.
General Description of Collection: The Interagency Guidance on
Asset Securitization Activities informs bankers and examiners of safe
and sound practices regarding asset Securitization. The information
collections contained in the Interagency Guidance are needed by
institutions to manage their asset Securitization activities in a safe
and sound manner. Bank management uses this information as the basis
for the safe and sound operation of their asset securitization
activities and to ensure that they minimize operational risk in these
activities. There is no change in the method or substance of the
information collection. The overall 257-hour increase in estimated
annual burden (from 157 hours in 2017 to 414 hours currently) is the
result of economic fluctuation. In particular, the number of
respondents has increased while the reporting frequency and the
estimated time per response remain the same.
4. Title: Interagency Statement on Sound Practices Concerning
Complex Structured Finance Transactions.
OMB Number: 3064-0148.
Form Number: None.
Affected Public: Insured state nonmember banks and state savings
associations.
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 (hours) (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Complex Structured Finance Recordkeeping....... Mandatory.............. 4 On Occasion........... 25 100
Transactions.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total Estimated Annual Burden: 100 hours.
General Description of Collection: The Interagency Statement on
Sound Practices Concerning Complex Structured Finance Transactions
describes the types of internal controls and risk management procedures
that the Agencies believe are particularly effective in assisting
financial institutions to identify, evaluate, assess, document, and
control the full range of credit, market, operational, legal and
reputation al risks. A financial institution that engages in complex
structured finance transactions should maintain a set of formal,
written, firm-wide policies and procedures that are designed to allow
the institution to identify and assess these risks. There is no change
in the methodology or substance of this information collection. The
estimated annual burden is unchanged.
5. Title: Retail Foreign Exchange Transactions.
OMB Number: 3064-0182.
Form Number: None.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated
Information collection Obligation to Estimated Frequency of Estimated time per Estimated
description Type of burden respond number of response total annual response annual burden
respondents responses (hours) (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reporting Requirements....... Reporting....... Mandatory.......... 1 On Occasion....... 1 16 16
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total Reporting Burden... ................ ................... .............. .................. .............. .............. 16
--------------------------------------------------------------------------------------------------------------------------------------------------------
Third-Party Disclosure Third-Party Mandatory.......... 1 On Occasion....... 1 166 166
Requirements. Disclosure.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total Third-Party ................ ................... .............. .................. .............. .............. 16
Disclosure Burden.
Recordkeeping Requirements... Recordkeeping... Mandatory.......... 1 On Occasion....... 1 1,332 1,332
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total Recordkeeping ................ ................... .............. .................. .............. .............. 1,332
Burden.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total Estimated Annual Burden: 1,514 hours.
General Description of Collection: This information collection
implements section 742(c)(2) of the Dodd-Frank Act (7 U.S.C. 2(c)(2)(E)
and FDIC regulations governing retail foreign exchange transactions as
set forth at 12 CFR part 349, subpart B. The regulation allows banking
organizations under FDIC supervision to engage in off-exchange
transactions in foreign currency with retail customers provided they
comply with various reporting, recordkeeping and third-party disclosure
requirements specified in the rule. If an institution elects to conduct
such transactions, compliance with the information collection is
mandatory.
Reporting Requirements--Part 349, subpart B requires that, prior to
initiating a retail foreign exchange business; a banking institution
must provide the FDIC with a notice certifying that the institution has
written policies and procedures, and risk measurement and management
systems and controls in place to ensure that retail foreign exchange
transactions are conducted in a safe and sound manner. The institution
must also provide information about how it intends to manage customer
due diligence, new product approvals and haircuts applied to noncash
margin.
Recordkeeping Requirements--Part 349 subpart B requires that
institutions engaging in retail foreign exchange transactions keep
full, complete and systematic records of account, financial ledger,
transaction, memorandum orders and post execution allocations of
bunched orders. In addition, institutions are required to maintain
records regarding their ratio of profitable accounts, possible
violations of law, records of noncash margin and monthly statements and
confirmations issued.
[[Page 59800]]
Disclosure Requirements--The regulation requires that, before
opening an account that will engage in retail foreign exchange
transactions, a banking institution must obtain from each retail
foreign exchange customer an acknowledgement of receipt and
understanding of a written disclosure specified in the rule and of
disclosures about the banking institution's fees and other charges and
of its profitable accounts ratio. The institution must also provide
monthly statements to each retail foreign exchange customer and must
send confirmation statements following every transaction.
The customer dispute resolution provisions of the regulation
require certain endorsements, acknowledgements and signature language
as well as the timely provision of a list of persons qualified to
handle a customer's request for arbitration.
There is no change in the method or substance of the collection. At
present no FDIC-supervised institution is engaging in activities that
would make them subject to the information collection requirements. The
agency is keeping the estimated number of respondents to one (1) as a
placeholder in case an institution elects to engage in covered
activities in the future. There has been no change in the frequency of
response or in the estimated number of hours required to respond.
6. Title: Covered Financial Company Asset Purchaser Eligibility
Certification.
OMB Number: 3064-0194.
Form Number: 7300/10.
Affected Public: Any individual or entity that is a potential
purchaser of assets from (1) the FDIC as receiver for a Covered
Financial Company (CFC); or (2) a bridge financial company (BFC) which
requires the approval of the FDIC, as receiver for the predecessor CFC
and as the sole shareholder of the BFC (e.g., the BFC's sale of a
significant business line).
Burden Estimates:
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)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Covered Financial Company Asset Reporting........... Mandatory.............. 10 On Occasion........... 30 5
Sales Purchaser Eligibility
Certification.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total Estimated Annual Burden: 5 hours.
General Description of Collection: Assets held by the FDIC in the
course of liquidating any covered financial company must not be sold to
persons who contributed to the demise of a covered financial company in
specified ways (e.g., individuals who profited or engaged in wrongdoing
at the expense of the failed institution, or seriously mismanaged the
failed institution). 12 CFR part 380 requires prospective purchasers to
complete and submit a Purchaser Eligibility Certification (PEC) to the
FDIC. The PEC is a self certification by a prospective purchaser that
it does not fall into any of the categories of individuals or entities
that are prohibited by statute or regulation from purchasing the assets
of covered financial companies. The PEC will be required in connection
with the sale of assets by the FDIC, as receiver for a CFC, or the sale
of assets by a BFC which requires the approval of the FDIC, as receiver
for the predecessor CFC and as the sole shareholder of the BFC. There
is no change in the methodology or substance of this information
collection. The estimated annual burden is unchanged.
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 September 17, 2020.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2020-21003 Filed 9-22-20; 8:45 am]
BILLING CODE 6714-01-P
