Notice of the FDIC's Response to Exception Requests Pursuant to Recordkeeping for Timely Deposit Insurance Determination, 51887-51888 [2021-20160]

Download as PDF Federal Register / Vol. 86, No. 178 / Friday, September 17, 2021 / Notices burden for small business concerns with fewer than 25 employees.’’ OMB Control Number: 3060–0139. Title: Application for Antenna Structure Registration. Form Number: FCC Form 854. Type of Review: Extension of a currently approved collection. Respondents: Individuals or households, business or other for-profit entities, not-for-profit institutions, and State, local, or Tribal governments. Number of Respondents and Responses: 2,400 respondents; 57,100 responses. Estimated Time per Response: .33 hours to 2.5 hours. Frequency of Response: On occasion reporting requirement, recordkeeping requirement and third-party disclosure reporting requirement. Obligation to Respond: Required to obtain or retain benefits. Statutory authority for this information collection is contained in sections 1, 2, 4(i), 303, and 309(j) of the Communications Act of 1934, as amended, 47 U.S.C. 151, 152, 154(i), 303, and 309(j), section 102(C) of the National Environmental Policy Act of 1969, as amended, 42 U.S.C. 4332(C), and section 1506.6 of the regulations of the Council on Environmental Quality, 40 CFR 1506.6. Total Annual Burden: 25,682 hours. Total Annual Cost: $1,176,813. Needs and Uses: The purpose of FCC Form 854 (Form 854) is to register antenna structures that are used for radio communication services which are regulated by the Commission; to make changes to existing antenna structure registrations or pending applications for registration; or to notify the Commission of the completion of construction or dismantlement of such structures, as required by Title 47 of the Code of Federal Regulations, Chapter 1, Sections 1.923, 1.1307, 1.1311, 17.1, 17.2, 17.4, 17.5, 17.6, 17.7, 17.57 and 17.58. Any person or entity proposing to construct or alter an antenna structure that is more than 60.96 meters (200 feet) in height, or that may interfere with the approach or departure space of a nearby airport runway, must notify the Federal Aviation Administration (FAA) of proposed construction. The FAA determines whether the antenna structure constitutes a potential hazard and may recommend appropriate painting and lighting for the structure. The Commission then uses the FAA’s recommendation to impose specific painting and/or lighting requirements on radio tower owners and subject licensees. When an antenna structure owner for one reason or another does not register its structure, it then becomes the responsibility of the tenant VerDate Sep<11>2014 16:19 Sep 16, 2021 Jkt 253001 licensees to ensure that the structure is registered with the Commission. Section 303(q) of the Communications Act of 1934, as amended, gives the Commission authority to require painting and/or illumination of radio towers in cases where there is a reasonable possibility that an antenna structure may cause a hazard to air navigation. In 1992, Congress amended Sections 303(q) and 503(b)(5) of the Communications Act to make radio tower owners, as well as Commission licensees and permittees responsible for the painting and lighting of radio tower structures, and to provide that nonlicensee radio tower owners may be subject to forfeiture for violations of painting or lighting requirements specified by the Commission. OMB Control Number: 3060–0979. Title: License Audit Letter. Form Number: N/A. Type of Review: Extension of a currently approved collection. Respondents: Individuals or households, business or other for-profit entities, not-for-profit institutions and state, local or tribal government. Number of Respondents: 25,000 respondents; 25,000 responses. Estimated Time per Response: .50 hours. Frequency of Response: One-time reporting requirement. Obligation To Respond: Required to obtain or retain benefits. Statutory authority for this information collection is contained in 47 U.S.C. 151, 152, 154(i), 155(c), 157, 201, 202, 208, 214, 301, 302a, 303, 307, 308, 309, 310, 311, 314, 316, 319, 324, 331, 332, 333, 336, 534 and 535. Total Annual Burden: 12,500 hours. Total Annual Cost: No cost. Needs and Uses: The Commission is seeking OMB approval for an extension of this information collection in order to obtain their full three-year approval. There is no change to the reporting requirement. There is no change to the Commission’s burden estimates. The Wireless Telecommunications (WTB) and Public Safety and Homeland Security Bureaus (PSHSB) of the FCC periodically conduct audits of the construction and/or operational status of various Wireless radio stations in its licensing database that are subject to rule-based construction and operational requirements. The Commission’s rules for these Wireless services require construction within a specified timeframe and require a station to remain operational in order for the license to remain valid. The information will be used by FCC personnel to assure that licensees’ stations are constructed PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 51887 and currently operating in accordance with the parameters of the current FCC authorization and rules. Federal Communications Commission. Marlene Dortch, Secretary, Office of the Secretary. [FR Doc. 2021–20084 Filed 9–16–21; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Notice of the FDIC’s Response to Exception Requests Pursuant to Recordkeeping for Timely Deposit Insurance Determination Federal Deposit Insurance Corporation (FDIC). ACTION: Notice of the FDIC’s response to exception requests pursuant to the recordkeeping for timely deposit insurance determination rule. AGENCY: In accordance with its rule regarding recordkeeping for timely deposit insurance determination, the FDIC is providing notice that it has granted time-limited exception relief to two covered institutions from the information technology system and recordkeeping requirements applicable to deposits reflected on loan systems, including deposits resulting from credit balances on an account for debt owed to the covered institution and deposits held in escrow by a covered institution. The two covered institutions are in the process of converting or upgrading their loan systems. DATES: The FDIC’s grant of exception relief is effective as of September 14, 2021. FOR FURTHER INFORMATION CONTACT: Cassandra Knighton, Acting Section Chief, Division of Complex Institution Supervision and Resolution; CKnighton@FDIC.gov; 972–761–2802. SUPPLEMENTARY INFORMATION: The FDIC granted a time-limited exception request to two covered institutions pursuant to the FDIC’s rule entitled ‘‘Recordkeeping for Timely Deposit Insurance Determination,’’ codified at 12 CFR part 370 (part 370).1 Part 370 generally requires covered institutions to implement the information technology system and recordkeeping capabilities needed to quickly calculate the amount of deposit insurance coverage available for each deposit account in the event of failure. Pursuant to § 370.8(b)(1), one or more covered institutions may submit a request in the form of a letter to the FDIC for an exception from one or more SUMMARY: 1 12 E:\FR\FM\17SEN1.SGM CFR part 370. 17SEN1 51888 Federal Register / Vol. 86, No. 178 / Friday, September 17, 2021 / Notices of the requirements of part 370 if circumstances exist that would make it impracticable or overly burdensome to meet those requirements. Pursuant to § 370.8(b)(2), the FDIC publishes a notice of its response to each exception request in the Federal Register. Pursuant to § 370.8(b)(3), a covered institution may rely upon another covered institution’s exception request which the FDIC has previously granted by notifying the FDIC that it will invoke relief from certain part 370 requirements and demonstrating that the covered institution has substantially similar facts and circumstances to those of the covered institution that has already received the FDIC’s approval. The notification letter must also include the information required under § 370.8(b)(1) and cite the applicable notice published pursuant to § 370.8(b)(2). Unless informed otherwise by the FDIC within 120 days after the FDIC’s receipt of a complete notification for exception, the exception will be deemed granted subject to the same conditions set forth in the FDIC’s published notice. These grants of relief will be subject to ongoing FDIC review, analysis, and verification during the FDIC’s routine part 370 compliance tests. The FDIC presumes each covered institution is meeting all the requirements set forth in the Rule unless relief has otherwise been granted. These grants of relief may be rescinded or modified upon: Discovery of misrepresentation; material change of circumstances or conditions related to the subject accounts; or failure to satisfy conditions applicable to each. The following exceptions were granted by the FDIC as of September 14, 2021. I. Certain Deposits Reflected on Loan Systems for Which the Covered Institutions Is Not Capable of Completing Deposit Insurance Calculation Process Because Additional Time Is Required for System Upgrades or Conversions The FDIC granted time-limited exception relief from part 370’s information technology system requirements set forth in § 370.3 and recordkeeping requirements set forth in § 370.4 applicable to deposits reflected on loan systems, including deposits resulting from credit balances on an account for debt owed to the covered institution and deposits held in escrow by the covered institution. Such relief was granted to two covered institutions for up to 18 months after their compliance date. One covered institution requested exception relief from the recordkeeping requirements because it has multiple lending systems in need of recordkeeping upgrades and VerDate Sep<11>2014 16:19 Sep 16, 2021 Jkt 253001 technical coding fixes without which it cannot produce the requisite data within the timeframe and in the format required by § 370.4(d). The covered institution requested exception relief in order to complete its IT solution to integrate data into its part 370 calculation system and perform relevant testing. The other covered institution requested exception relief from the information technology system and recordkeeping requirements because it requires additional time to complete the conversion of its commercial loan servicing platform and make system upgrades. The FDIC granted both covered institutions a time-limited exception for up to 18 months from their respective compliance dates. In connection with the FDIC’s grants of relief, these covered institutions represented that they will maintain the capability to place holds on the deposit accounts subject to the exception in the event of failure until deposit insurance can be calculated using data manually extracted from the current loan systems. As conditions of relief, these covered institutions must submit a status report to part370@fdic.gov at the midpoint of the exception relief period and immediately bring to the FDIC’s attention any change of circumstances or conditions. Federal Deposit Insurance Corporation. Dated at Washington, DC, on September 14, 2021. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2021–20160 Filed 9–16–21; 8:45 am] BILLING CODE 6714–01–P FEDERAL MARITIME COMMISSION [Docket No. 21–08] Eucatex of North America Inc., Complainant v. CMA CGM (America) LLC and Fenix Marine Services Ltd., Respondents; Notice of Filing of Complaint and Assignment Served: September 14, 2021. Notice is given that a complaint has been filed with the Federal Maritime Commission (Commission) by Eucatex of North America Inc., hereinafter ‘‘Complainant’’, against CMA CGM (America) LLC (CMA) and Fenix Marine Services Ltd. (FMS), hereinafter ‘‘Respondents’’. Complainant state that it is a Georgia corporation. Complainant alleges that Respondent CMA is a New Jersey company and a common carrier under 46 U.S.C. 40102(7), and that Respondent FMS is a Delaware corporation and a marine terminal operator under 46 U.S.C. 40102(15). PO 00000 Frm 00029 Fmt 4703 Sfmt 4703 Complainant alleges that Respondents violated 46 U.S.C. 41102(c), and 46 CFR 545.4 and 545.5, in relation to demurrage charges imposed on several shipments. The full text of the complaint can be found in the Commission’s Electronic Reading Room at https://www2.fmc.gov/readingroom/ proceeding/21-08/. This proceeding has been assigned to Office of Administrative Law Judges. The initial decision of the presiding office in this proceeding shall be issued by September 14, 2022, and the final decision of the Commission shall be issued by March 28, 2023. Rachel E. Dickon, Secretary. [FR Doc. 2021–20179 Filed 9–16–21; 8:45 am] BILLING CODE 6730–02–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than October 4, 2021. A. Federal Reserve Bank of New York (Ivan Hurwitz, Senior Vice President) 33 Liberty Street, New York, New York 10045–0001. Comments can also be sent electronically to Comments.applications@ny.frb.org: E:\FR\FM\17SEN1.SGM 17SEN1

Agencies

[Federal Register Volume 86, Number 178 (Friday, September 17, 2021)]
[Notices]
[Pages 51887-51888]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-20160]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Notice of the FDIC's Response to Exception Requests Pursuant to 
Recordkeeping for Timely Deposit Insurance Determination

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of the FDIC's response to exception requests pursuant to 
the recordkeeping for timely deposit insurance determination rule.

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SUMMARY: In accordance with its rule regarding recordkeeping for timely 
deposit insurance determination, the FDIC is providing notice that it 
has granted time-limited exception relief to two covered institutions 
from the information technology system and recordkeeping requirements 
applicable to deposits reflected on loan systems, including deposits 
resulting from credit balances on an account for debt owed to the 
covered institution and deposits held in escrow by a covered 
institution. The two covered institutions are in the process of 
converting or upgrading their loan systems.

DATES: The FDIC's grant of exception relief is effective as of 
September 14, 2021.

FOR FURTHER INFORMATION CONTACT: Cassandra Knighton, Acting Section 
Chief, Division of Complex Institution Supervision and Resolution; 
[email protected]; 972-761-2802.

SUPPLEMENTARY INFORMATION: The FDIC granted a time-limited exception 
request to two covered institutions pursuant to the FDIC's rule 
entitled ``Recordkeeping for Timely Deposit Insurance Determination,'' 
codified at 12 CFR part 370 (part 370).\1\ Part 370 generally requires 
covered institutions to implement the information technology system and 
recordkeeping capabilities needed to quickly calculate the amount of 
deposit insurance coverage available for each deposit account in the 
event of failure. Pursuant to Sec.  370.8(b)(1), one or more covered 
institutions may submit a request in the form of a letter to the FDIC 
for an exception from one or more

[[Page 51888]]

of the requirements of part 370 if circumstances exist that would make 
it impracticable or overly burdensome to meet those requirements. 
Pursuant to Sec.  370.8(b)(2), the FDIC publishes a notice of its 
response to each exception request in the Federal Register. Pursuant to 
Sec.  370.8(b)(3), a covered institution may rely upon another covered 
institution's exception request which the FDIC has previously granted 
by notifying the FDIC that it will invoke relief from certain part 370 
requirements and demonstrating that the covered institution has 
substantially similar facts and circumstances to those of the covered 
institution that has already received the FDIC's approval. The 
notification letter must also include the information required under 
Sec.  370.8(b)(1) and cite the applicable notice published pursuant to 
Sec.  370.8(b)(2). Unless informed otherwise by the FDIC within 120 
days after the FDIC's receipt of a complete notification for exception, 
the exception will be deemed granted subject to the same conditions set 
forth in the FDIC's published notice.
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    \1\ 12 CFR part 370.
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    These grants of relief will be subject to ongoing FDIC review, 
analysis, and verification during the FDIC's routine part 370 
compliance tests. The FDIC presumes each covered institution is meeting 
all the requirements set forth in the Rule unless relief has otherwise 
been granted. These grants of relief may be rescinded or modified upon: 
Discovery of misrepresentation; material change of circumstances or 
conditions related to the subject accounts; or failure to satisfy 
conditions applicable to each. The following exceptions were granted by 
the FDIC as of September 14, 2021.

I. Certain Deposits Reflected on Loan Systems for Which the Covered 
Institutions Is Not Capable of Completing Deposit Insurance Calculation 
Process Because Additional Time Is Required for System Upgrades or 
Conversions

    The FDIC granted time-limited exception relief from part 370's 
information technology system requirements set forth in Sec.  370.3 and 
recordkeeping requirements set forth in Sec.  370.4 applicable to 
deposits reflected on loan systems, including deposits resulting from 
credit balances on an account for debt owed to the covered institution 
and deposits held in escrow by the covered institution. Such relief was 
granted to two covered institutions for up to 18 months after their 
compliance date. One covered institution requested exception relief 
from the recordkeeping requirements because it has multiple lending 
systems in need of recordkeeping upgrades and technical coding fixes 
without which it cannot produce the requisite data within the timeframe 
and in the format required by Sec.  370.4(d). The covered institution 
requested exception relief in order to complete its IT solution to 
integrate data into its part 370 calculation system and perform 
relevant testing. The other covered institution requested exception 
relief from the information technology system and recordkeeping 
requirements because it requires additional time to complete the 
conversion of its commercial loan servicing platform and make system 
upgrades. The FDIC granted both covered institutions a time-limited 
exception for up to 18 months from their respective compliance dates.
    In connection with the FDIC's grants of relief, these covered 
institutions represented that they will maintain the capability to 
place holds on the deposit accounts subject to the exception in the 
event of failure until deposit insurance can be calculated using data 
manually extracted from the current loan systems. As conditions of 
relief, these covered institutions must submit a status report to 
[email protected] at the midpoint of the exception relief period and 
immediately bring to the FDIC's attention any change of circumstances 
or conditions.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on September 14, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-20160 Filed 9-16-21; 8:45 am]
BILLING CODE 6714-01-P