Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0200), 63026-63029 [2021-24814]
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Federal Register / Vol. 86, No. 217 / Monday, November 15, 2021 / Notices
313(b)(2) and outreach to potential
stakeholders.
Burden statement: The annual public
reporting and recordkeeping burden for
this collection of information is
3,615,128 hours. EPA estimates that it
will take submitters 35.7 hours to
submit a Form R for one chemical and
21.96 hours to submit a Form A for one
chemical. Burden is defined in 5 CFR
1320.3(b).
The ICR, which is available in the
docket along with other related
materials, provides a detailed
explanation of the collection activities
and the burden estimate that is only
briefly summarized here:
Respondents/Affected Entities:
Regulations at 40 CFR part 372, subpart
B, require facilities that meet all the
following criteria to report: The facility
has 10 or more full-time employee
equivalents (i.e., a total of 20,000 hours
worked per year or greater; see 40 CFR
372.3); the facility is included in a
North American Industry Classification
System (NAICS) Code listed at 40 CFR
372.23 or under Executive Order 13148,
Federal facilities regardless of their
industry classification; and the facility
manufactures (defined to include
importing), processes, or otherwise uses
any EPCRA section 313 (TRI) chemical
in quantities greater than the established
thresholds for the specific chemical in
the course of a calendar year.
Additionally, EPA may exercise its
discretionary authority under EPCRA
section 313(b)(2) to extend TRI reporting
obligations to a facility, even if the
facility does not meet the criteria for
full-time employees or NAICS codes.
Respondent’s obligation to respond:
Mandatory, 40 CFR 372.
Estimated total number of potential
respondents: 76,534.
Frequency of response: Annual.
Estimated total annual burden hours:
3,615,128 hours (per year). Burden is
defined at 5 CFR 1320.3(b).
Estimated total annual costs:
$200,205,764 (per year), includes $0
annualized capital or operation &
maintenance costs.
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III. Are there changes in the estimates
from the last approval?
This ICR revision reflects an increase
of 3 burden hours per facility in nonreporting burden from the ICR currently
approved by OMB and this ICR. This
increase reflects the review of the
notification and preparation of
responses stakeholders may engage in
upon receipt of the Agency’s
notification of its potential application
of the discretionary authority under
EPCRA section 313(b)(2) to specific
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facilities. This increase is categorized as
a program change.
IV. What is the next step in the process
for this ICR?
EPA will consider the comments
received and amend the ICR as
appropriate. The final ICR package will
then be submitted to OMB for review
and approval pursuant to 5 CFR
1320.12. EPA will issue another Federal
Register document pursuant to 5 CFR
1320.5(a)(1)(iv) to announce the
submission of the ICR to OMB and the
opportunity to submit additional
comments to OMB. If you have any
questions about this ICR or the approval
process, please contact the person listed
under FOR FURTHER INFORMATION
CONTACT.
Authority: 44 U.S.C. 3501 et seq.
Dated: October 27, 2021.
Michal Freedhoff,
Assistant Administrator, Office of Chemical
Safety and Pollution Prevention.
[FR Doc. 2021–24788 Filed 11–12–21; 8:45 am]
BILLING CODE 6560–50–P
FEDERAL ACCOUNTING STANDARDS
ADVISORY BOARD
Notice of Issuance of Federal Financial
Accounting Standards (SFFAS) 60,
Omnibus Amendments 2021: LeasesRelated Topics
Federal Accounting Standards
Advisory Board.
ACTION: Notice.
FEDERAL ACCOUNTING STANDARDS
ADVISORY BOARD
Notice of Issuance of TR 20,
Implementation Guidance for Leases
Federal Accounting Standards
Advisory Board.
ACTION: Notice.
AGENCY:
Notice is hereby given that
the Federal Accounting Standards
Advisory Board (FASAB) has issued
Technical Release (TR) 20,
Implementation Guidance for Leases.
ADDRESSES: The issuance is available on
the FASAB website at https://fasab.gov/
accounting-standards/. Copies can be
obtained by contacting FASAB at (202)
512–7350.
FOR FURTHER INFORMATION CONTACT: Ms.
Monica R. Valentine, Executive
Director, 441 G Street NW, Suite 1155,
Washington, DC 20548, or call (202)
512–7350.
Authority: 31 U.S.C. 3511(d), the
Federal Advisory Committee Act, as
amended (5 U.S.C. app.), and the
FASAB Rules of Procedure, as amended
in October 2010.
SUMMARY:
Dated: November 4, 2021.
Monica R. Valentine,
Executive Director.
[FR Doc. 2021–24869 Filed 11–12–21; 8:45 am]
BILLING CODE P
AGENCY:
Notice is hereby given that
the Federal Accounting Standards
Advisory Board (FASAB) has issued
Statement of Federal Financial
Accounting Standards (SFFAS) 60,
Omnibus Amendments 2021: LeasesRelated Topics.
ADDRESSES: The issuance is available on
the FASAB website at https://fasab.gov/
accounting-standards/. Copies can be
obtained by contacting FASAB at (202)
512–7350.
FOR FURTHER INFORMATION CONTACT: Ms.
Monica R. Valentine, Executive
Director, 441 G Street NW, Suite 1155,
Washington, DC 20548, or call (202)
512–7350.
Authority: 31 U.S.C. 3511(d), the
Federal Advisory Committee Act, as
amended (5 U.S.C. App.), and the
FASAB Rules of Procedure, as amended
in October 2010.
SUMMARY:
Dated: November 4, 2021.
Monica R. Valentine,
Executive Director.
[FR Doc. 2021–24866 Filed 11–12–21; 8:45 am]
BILLING CODE P
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FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (3064–
0200)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: 30-Day notice and request for
comment.
AGENCY:
The Federal Deposit
Insurance Corporation (FDIC) will
submit the following information
collection request to the Office of
Management and Budget (OMB) for
review and approval in accordance with
the Paperwork Reduction Act of 1995.
The proposed information collection
was previously published in the Federal
Register on August 10, 2021, allowing
for a 60-day comment period.
DATES: Comments are encouraged and
will be accepted for an additional 30
days until December 15, 2021.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
SUMMARY:
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Federal Register / Vol. 86, No. 217 / Monday, November 15, 2021 / Notices
• 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 collection of information:
1. Title: Joint Standards for Assessing
Diversity Policies and Practices.
OMB Number: 3064–00200.
Form Number: 2710/05—Diversity
Self-Assessment (paper form), 2710/
06—Diversity Self-Assessment
(electronic form).
Affected Public: Insured state
nonmember banks, and insured state
savings associations.
Burden Estimate: FDIC is revising the
burden estimates associated with this
information collection as a result of the
update of the electronic version of the
reporting form. The update will allow
respondents who have previously
completed a diversity self-assessment
(DSA) to copy and clone their previous
submission. This copy/clone capability
reduces the reporting burden for
returning respondents. However, it does
not change the burden for respondents
who fill out the electronic form for the
first time or respondents who choose an
alternative method of assessing their
diversity policies and practices. As
such, this ICR revises the IC line items
to distinguish between the
implementation burden incurred by first
time respondents from the ongoing
burden incurred by returning
respondents. This ICR also updates the
respondent count estimates for the other
line items in this IC. Finally, this ICR
adds a line to cover the burdens of nonmaterial (not responsive) submissions.
In October 2020, the FDIC
implemented a copy/clone feature in
FID–SA for submissions covering the
2020 reporting period and beyond. This
feature allows the respondent to prepopulate a new diversity selfassessment with the information that
was previously completed and
submitted. In addition, the FDIC Office
of Minority and Women Inclusion
(OMWI) have identified several
submissions that complete the pro
forma form but do not provide the FDIC
with any material self-assessments.
With the addition of these two
submission types, there are now five
distinct submission types for this IC:
1. Paper Form Submissions, which are
DSA submissions that use the ‘‘Diversity
Self-Assessment of Financial
Institutions Regulated by the FDIC’’
form and submit the form as an email
attachment or via the United States
Postal Service;
2. Electronic Form (Implementation)
Submissions, which are DSA
submissions that utilize the online FID–
SA application, and the financial
institution has not previously submitted
a DSA;
3. Electronic Form (Ongoing)
Submissions, which are DSA
submissions that utilize the online FID–
SA application and are able to use the
copy/clone feature in FID–SA;
4. Free-Form Submissions, which are
submissions that do not use the
‘‘Diversity Self-Assessment of Financial
Institutions Regulated by the FDIC’’
form; and
5. Non-material Submissions, which
are pro forma submissions that do not
provide any material self-assessments.
Estimated Number of Respondents and
Responses
Responses to this information
collection are voluntary and may be
submitted by any FDIC-regulated
financial institution. As such, potential
respondents to this IC are all FDICregulated financial institutions. As of
December 31, 2020, the FDIC regulates
3,227 insured depository institutions
(IDIs). Of these institutions, 2,380 are
considered small for the purposes of the
Regulatory Flexibility Act (RFA).
Respondents submit a single response
per year. To estimate the number of
respondents for this ICR, FDIC reviewed
and summarized data from historical
submissions by FDIC-regulated IDIs
covering diversity activities in the
reporting periods 2016–2019.
Submissions were categorized as a firsttime submission if no prior submission
was made by the same IDI. Otherwise,
the submission was categorized as a
repeat submission. FDIC did not
categorize 2016 submissions since 2016
was the first year for which the agency
has submission data. A summary of
these results is provided in Table 1
below:
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TABLE 1—OMWI SUBMISSION COUNTS, BY SUBMISSION TYPE AND REPORTING PERIOD
Submission type
2016
All submissions* ...............................................................................................
All submissions, small IDIs** ...........................................................................
First-time submissions .....................................................................................
First-time submissions, small IDIs** ................................................................
Repeat submissions ........................................................................................
Repeat submissions, small IDIs** ....................................................................
95
17
........................
........................
........................
........................
2017
2018
137
26
81
18
56
8
2019
133
26
42
13
91
13
152
33
38
16
113
17
Source: FDIC OMWI.
* These counts include two financial institutions (CERTs 20399 in 2016 and 29845 in 2019) that were later found to not be regulated by the
FDIC during their respective reporting periods. We include them here to align the table with other OMWI published analyses (available at https://
www.fdic.gov/about/diversity/analysisdsa.html).
** IDIs are counted as small if they meet the SBA’s definition of ‘‘small’’ for purposes of RFA as of December 31st in each reporting period.
As Table 1 shows, there were 152
total submissions in 2019, the most
recent reporting year. This is an increase
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of approximately 20 submissions from
the previous year. This increase is due
to the introduction of the online FID–SA
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application and an expanded outreach
effort by the FDIC to educate and
increase awareness about the DSA. The
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FDIC expects that submission counts
will continue to climb upwards due to
continued expanded outreach efforts as
well as the introduction of the copy/
clone feature to facilitate responses.
Based on the historical submission
counts and the expected rise in
submissions, the FDIC expects it will
receive 195 submissions per year with
the majority of these submissions using
the online FID–SA application. Based
on the historical trends of first-time and
repeating submissions future
expectations, the FDIC anticipates
annual respondent counts of 45
Electronic Form (Implementation) and
130 Electronic Form (Ongoing)
submissions.1 In addition, the FDIC
anticipates annual counts of five FreeForm Submissions and ten Non-material
Submissions.2 Finally, FDIC recognizes
that some IDIs may prefer to continue
providing Paper Submissions and
anticipate five such submissions per
year.
Estimated Hourly Burden
The FDIC estimates that Electronic
Form (Implementation) Submissions
will take seven hours, the same burden
that was recorded in the Electronic
Form line item in the 2020 ICR. For
Electronic Form (Ongoing) Submissions,
the FDIC estimates that the copy/clone
feature will save respondents an average
of four hours per submission, for a net
burden of three hours per response. For
Non-material Submissions, the FDIC
estimates that the pro forma completion
of the submission application will take
six minutes, or 0.1 hours. The FDIC has
reviewed the hourly burden estimates
for Paper Submissions and for FreeForm Submissions and found that the
estimates from the 2020 ICR remain
reasonable and appropriate. Finally, the
FDIC estimates that each respondent
will incur one hour of burden per year,
on average, to disclose a portion of its
submission to the public, in a manner
reflective of the entity’s size and other
characteristics.
The estimated annual burden for each
submission type, in hours, is the
product of the estimated number of
respondents, number of responses per
respondent per year, and time per
response, as summarized in Table 2
below. The total estimated annual
burden for this information collection is
100, 106 hours, a reduction of 559 hours
from the previously approved ICR. 3
TABLE 2—SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0006)
Information collection description—
submission type
Type of burden (obligation
to
respond)
Frequency of
response
Joint Standards for Assessing Diversity Policies and Practices—Paper
Form.
Joint Standards for Assessing Diversity Policies and Practices—Electronic Form (Implementation).
Joint Standards for Assessing Diversity Policies and Practices—Electronic Form.
(Ongoing) .............................................
Joint Standards for Assessing Diversity Policies and Practices—FreeForm.
Joint Standards for Assessing Diversity Policies and Practices—
Non-material .........................................
Joint Standards for Assessing Diversity Policies and Practices—
Public Disclosure .................................
Reporting (Voluntary) ........
Annual ............
Reporting (Voluntary) ........
Total Annual Burden (Hours) ........
Number of
responses per
respondent
Hours per
response
5
1
8
40
Annual ............
45
1
7
315
Reporting (Voluntary) ........
Annual ............
130
1
3
390
Reporting (Voluntary) ........
Annual ............
5
1
12
60
Reporting (Voluntary) ........
Annual ............
10
1
0.1
1
Disclosure (Voluntary) .......
Annual ............
195
1
1
195
...........................................
........................
........................
........................
................
1,001
Number of
respondents
Annual
burden
(hours)
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Source: FDIC.
General Description of Collection
Section 342 of the Dodd-Frank Wall
Street Reform and Consumer Protection
Act of 2010 (the Act) required the Office
of the Comptroller of the Currency
(OCC), Board of Governors of the
Federal Reserve System (Board), Federal
Deposit Insurance Corporation (FDIC),
Bureau of Consumer Financial
Protection (CFPB), National Credit
Union Administration (NCUA), and
Securities and Exchange Commission
(SEC) (together, Agencies and
separately, Agency) each to establish an
Office of Minority and Women
Inclusion (OMWI) to be responsible for
all matters of the Agency relating to
diversity in management, employment,
and business activities. The Act also
instructed each OMWI Director to
develop standards for assessing the
diversity policies and practices of
entities regulated by the Agency. The
Agencies worked together to develop
joint standards and, on June 10, 2015,
they jointly published in the Federal
Register 4 the ‘‘Final Interagency Policy
Statement Establishing Joint Standards
for Assessing the Diversity Policies and
Practices of Entities Regulated by the
Agencies’’ (Policy Statement).
1 Steady state averages of 25 percent for
Electronic Form (Implementation) and 75 percent
for Electronic Form (Ongoing) submissions were
estimated from historical submissions by FDICregulated IDIs covering diversity activities in 2019,
the first reporting period for which the online
submission was available, and multiplied by 175,
the anticipated number of annual Electronic Form
submissions, to arrive at estimates of 45 Electronic
Form (Implementation) and 130 Electronic Form
(Ongoing) submissions. For the purposes of
annualizing the estimated number of respondents,
it is assumed that the estimated annual count of
respondents for Electronic Form (Ongoing)
Submissions includes returning Electronic Form
(Implementation) Submissions from the previous
year.
2 The FDIC found 0, 0, and 4 Free-Form
submissions and 3, 3, and 12 Non-material
submissions in 2017, 2018, and 2019, respectively.
Based on these historical numbers and their
supervisory experience, the FDIC anticipates
approximately 5 Free-Form and 10 Non-material
Submissions going forward.
3 The average burden hour estimate across all
submission types is 4 hours and 8 minutes per
response.
4 80 FR 33016.
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Federal Register / Vol. 86, No. 217 / Monday, November 15, 2021 / Notices
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The Policy Statement contains a
‘‘collection of information’’ within the
meaning of the Paperwork Reduction
Act of 1995 (PRA). The Policy Statement
includes Joint Standards that cover
‘‘Practices to Promote Transparency of
Organizational Diversity and Inclusion.’’
These Joint Standards contemplate that
a regulated entity is transparent about
its diversity and inclusion activities by
making certain information available to
the public annually on its website or
through other appropriate
communications methods, in a manner
reflective of the entity’s size and other
characteristics. The specific information
referenced in these standards is: (a)
Leadership commitment to diversity
and inclusion; (b) workforce diversity
and employment practices; (c) progress
toward achieving diversity and
inclusion in its procurement activities;
and (d) opportunities available at the
entity that promote diversity.
In addition, the Policy Statement
includes Joint Standards that address
‘‘Entities’ Self-Assessment.’’ The Joint
Standards for Entities’ Self-Assessment
envision that a regulated entity, in a
manner reflective of its size and other
characteristics, (a) conducts annually a
voluntary self-assessment of its diversity
policies and practices; (b) monitors and
evaluates its performance under its
diversity policies and practices on an
ongoing basis; (c) provides information
pertaining to its self-assessment to the
OMWI Director of its primary federal
financial regulator; and (d) publishes
information pertaining to its efforts with
respect to the Joint Standards.
The collection of information
described above is reported to the FDIC
via the form entitled ‘‘Diversity SelfAssessment of Financial Institutions
Regulated by the FDIC,’’ which can be
submitted in paper 5 or electronic
format.6 To facilitate DSA submissions,
the FDIC has developed the automated
Financial Institution Diversity SelfAssessment (FID–SA) application. FID–
SA provides FDIC-regulated financial
institutions an easy and efficient way to
electronically complete the diversity
self-assessment; work with multiple
users; view previous submissions;
5 The paper version of the ‘‘Diversity SelfAssessment of Financial Institutions Regulated by
the FDIC’’ form (form number 2710/05) can be
viewed at the following location: https://
www.fdic.gov/resources/regulations/federalregister-publications/2021/2021-form-2710-05diversity-self-assessment-paper-form.pdf.
6 The electronic version of the ‘‘Diversity SelfAssessment of Financial Institutions Regulated by
the FDIC’’ form (form number 2710/06) can be
viewed at the following location: https://
www.fdic.gov/resources/regulations/federalregister-publications/2021/2021-form-2710-06diversity-self-assessment-screen-shots.docx.
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attach supporting material; and print
and save in pdf format.7
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 November 9,
2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021–24814 Filed 11–12–21; 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
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.: 201143–020.
Agreement Name: West Coast MTO
Agreement.
Parties: APM Terminals Pacific LLC;
Fenix Marine Services, Ltd.; Everport
Terminal Services, Inc.; International
Transportation Service, LLC; LBCT LLC
dba Long Beach Container Terminal
LLC; Total Terminals International,
LLC; West Basin Container Terminal
LLC; Pacific Maritime Services, LLC;
SSAT (Pier A), LLC; Trapac LLC; Yusen
Terminals LLC; and SSA Terminals,
LLC.
Filing Party: Wayne Rohde; Cozen
O’Connor.
7 As described in the FID–SA portal, available at
https://www.fdic.gov/about/diversity/
fidsaportal.html (accessed May 1, 2021).
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63029
Synopsis: The amendment adds a new
Article XII to the Agreement that
temporarily suspends the flat fee
currently provided for in the Agreement
through January 31, 2022 and provides
for the collection of a different Traffic
Mitigation Fee only between the hours
of 7:00 a.m. and 5:59 p.m. during that
period. The parties have requested
expedited review.
Proposed Effective Date: 12/23/2021
Location: https://www2.fmc.gov/
FMC.Agreements.Web/Public/
AgreementHistory/2090.
Editorial note: This document was
received for publication by the Office of
the Federal Register on November 8,
2021.
Dated: March 4, 2021.
Rachel E. Dickon,
Secretary.
[FR Doc. 2021–24758 Filed 11–12–21; 8:45 am]
BILLING CODE 6730–02–P
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
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 the BHC Act
(12 U.S.C. 1842(c)).
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 December 15, 2021.
A. Federal Reserve Bank of New York
(Ivan Hurwitz, Senior Vice President) 33
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]]>Agencies
[Federal Register Volume 86, Number 217 (Monday, November 15, 2021)]
[Notices]
[Pages 63026-63029]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-24814]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Submission for OMB
Review; Comment Request (3064-0200)
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: 30-Day notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The Federal Deposit Insurance Corporation (FDIC) will submit
the following information collection request to the Office of
Management and Budget (OMB) for review and approval in accordance with
the Paperwork Reduction Act of 1995. The proposed information
collection was previously published in the Federal Register on August
10, 2021, allowing for a 60-day comment period.
DATES: Comments are encouraged and will be accepted for an additional
30 days until December 15, 2021.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
[[Page 63027]]
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 collection of information:
1. Title: Joint Standards for Assessing Diversity Policies and
Practices.
OMB Number: 3064-00200.
Form Number: 2710/05--Diversity Self-Assessment (paper form), 2710/
06--Diversity Self-Assessment (electronic form).
Affected Public: Insured state nonmember banks, and insured state
savings associations.
Burden Estimate: FDIC is revising the burden estimates associated
with this information collection as a result of the update of the
electronic version of the reporting form. The update will allow
respondents who have previously completed a diversity self-assessment
(DSA) to copy and clone their previous submission. This copy/clone
capability reduces the reporting burden for returning respondents.
However, it does not change the burden for respondents who fill out the
electronic form for the first time or respondents who choose an
alternative method of assessing their diversity policies and practices.
As such, this ICR revises the IC line items to distinguish between the
implementation burden incurred by first time respondents from the
ongoing burden incurred by returning respondents. This ICR also updates
the respondent count estimates for the other line items in this IC.
Finally, this ICR adds a line to cover the burdens of non-material (not
responsive) submissions.
In October 2020, the FDIC implemented a copy/clone feature in FID-
SA for submissions covering the 2020 reporting period and beyond. This
feature allows the respondent to pre-populate a new diversity self-
assessment with the information that was previously completed and
submitted. In addition, the FDIC Office of Minority and Women Inclusion
(OMWI) have identified several submissions that complete the pro forma
form but do not provide the FDIC with any material self-assessments.
With the addition of these two submission types, there are now five
distinct submission types for this IC:
1. Paper Form Submissions, which are DSA submissions that use the
``Diversity Self-Assessment of Financial Institutions Regulated by the
FDIC'' form and submit the form as an email attachment or via the
United States Postal Service;
2. Electronic Form (Implementation) Submissions, which are DSA
submissions that utilize the online FID-SA application, and the
financial institution has not previously submitted a DSA;
3. Electronic Form (Ongoing) Submissions, which are DSA submissions
that utilize the online FID-SA application and are able to use the
copy/clone feature in FID-SA;
4. Free-Form Submissions, which are submissions that do not use the
``Diversity Self-Assessment of Financial Institutions Regulated by the
FDIC'' form; and
5. Non-material Submissions, which are pro forma submissions that
do not provide any material self-assessments.
Estimated Number of Respondents and Responses
Responses to this information collection are voluntary and may be
submitted by any FDIC-regulated financial institution. As such,
potential respondents to this IC are all FDIC-regulated financial
institutions. As of December 31, 2020, the FDIC regulates 3,227 insured
depository institutions (IDIs). Of these institutions, 2,380 are
considered small for the purposes of the Regulatory Flexibility Act
(RFA).
Respondents submit a single response per year. To estimate the
number of respondents for this ICR, FDIC reviewed and summarized data
from historical submissions by FDIC-regulated IDIs covering diversity
activities in the reporting periods 2016-2019. Submissions were
categorized as a first-time submission if no prior submission was made
by the same IDI. Otherwise, the submission was categorized as a repeat
submission. FDIC did not categorize 2016 submissions since 2016 was the
first year for which the agency has submission data. A summary of these
results is provided in Table 1 below:
Table 1--OMWI Submission Counts, by Submission Type and Reporting Period
----------------------------------------------------------------------------------------------------------------
Submission type 2016 2017 2018 2019
----------------------------------------------------------------------------------------------------------------
All submissions*................................ 95 137 133 152
All submissions, small IDIs**................... 17 26 26 33
First-time submissions.......................... .............. 81 42 38
First-time submissions, small IDIs**............ .............. 18 13 16
Repeat submissions.............................. .............. 56 91 113
Repeat submissions, small IDIs**................ .............. 8 13 17
----------------------------------------------------------------------------------------------------------------
Source: FDIC OMWI.
* These counts include two financial institutions (CERTs 20399 in 2016 and 29845 in 2019) that were later found
to not be regulated by the FDIC during their respective reporting periods. We include them here to align the
table with other OMWI published analyses (available at https://www.fdic.gov/about/diversity/analysisdsa.html).
** IDIs are counted as small if they meet the SBA's definition of ``small'' for purposes of RFA as of December
31st in each reporting period.
As Table 1 shows, there were 152 total submissions in 2019, the
most recent reporting year. This is an increase of approximately 20
submissions from the previous year. This increase is due to the
introduction of the online FID-SA application and an expanded outreach
effort by the FDIC to educate and increase awareness about the DSA. The
[[Page 63028]]
FDIC expects that submission counts will continue to climb upwards due
to continued expanded outreach efforts as well as the introduction of
the copy/clone feature to facilitate responses. Based on the historical
submission counts and the expected rise in submissions, the FDIC
expects it will receive 195 submissions per year with the majority of
these submissions using the online FID-SA application. Based on the
historical trends of first-time and repeating submissions future
expectations, the FDIC anticipates annual respondent counts of 45
Electronic Form (Implementation) and 130 Electronic Form (Ongoing)
submissions.\1\ In addition, the FDIC anticipates annual counts of five
Free-Form Submissions and ten Non-material Submissions.\2\ Finally,
FDIC recognizes that some IDIs may prefer to continue providing Paper
Submissions and anticipate five such submissions per year.
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\1\ Steady state averages of 25 percent for Electronic Form
(Implementation) and 75 percent for Electronic Form (Ongoing)
submissions were estimated from historical submissions by FDIC-
regulated IDIs covering diversity activities in 2019, the first
reporting period for which the online submission was available, and
multiplied by 175, the anticipated number of annual Electronic Form
submissions, to arrive at estimates of 45 Electronic Form
(Implementation) and 130 Electronic Form (Ongoing) submissions. For
the purposes of annualizing the estimated number of respondents, it
is assumed that the estimated annual count of respondents for
Electronic Form (Ongoing) Submissions includes returning Electronic
Form (Implementation) Submissions from the previous year.
\2\ The FDIC found 0, 0, and 4 Free-Form submissions and 3, 3,
and 12 Non-material submissions in 2017, 2018, and 2019,
respectively. Based on these historical numbers and their
supervisory experience, the FDIC anticipates approximately 5 Free-
Form and 10 Non-material Submissions going forward.
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Estimated Hourly Burden
The FDIC estimates that Electronic Form (Implementation)
Submissions will take seven hours, the same burden that was recorded in
the Electronic Form line item in the 2020 ICR. For Electronic Form
(Ongoing) Submissions, the FDIC estimates that the copy/clone feature
will save respondents an average of four hours per submission, for a
net burden of three hours per response. For Non-material Submissions,
the FDIC estimates that the pro forma completion of the submission
application will take six minutes, or 0.1 hours. The FDIC has reviewed
the hourly burden estimates for Paper Submissions and for Free-Form
Submissions and found that the estimates from the 2020 ICR remain
reasonable and appropriate. Finally, the FDIC estimates that each
respondent will incur one hour of burden per year, on average, to
disclose a portion of its submission to the public, in a manner
reflective of the entity's size and other characteristics.
The estimated annual burden for each submission type, in hours, is
the product of the estimated number of respondents, number of responses
per respondent per year, and time per response, as summarized in Table
2 below. The total estimated annual burden for this information
collection is 100, 106 hours, a reduction of 559 hours from the
previously approved ICR. \3\
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\3\ The average burden hour estimate across all submission types
is 4 hours and 8 minutes per response.
Table 2--Summary of Estimated Annual Burden (OMB No. 3064-0006)
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Number of Annual
Information collection description-- Type of burden (obligation Frequency of response Number of responses per Hours per burden
submission type to respond) respondents respondent response (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Joint Standards for Assessing Diversity Reporting (Voluntary)..... Annual....................... 5 1 8 40
Policies and Practices--Paper Form.
Joint Standards for Assessing Diversity Reporting (Voluntary)..... Annual....................... 45 1 7 315
Policies and Practices--Electronic
Form (Implementation).
Joint Standards for Assessing Diversity Reporting (Voluntary)..... Annual....................... 130 1 3 390
Policies and Practices--Electronic
Form.
(Ongoing)..............................
Joint Standards for Assessing Diversity Reporting (Voluntary)..... Annual....................... 5 1 12 60
Policies and Practices--Free-Form.
Joint Standards for Assessing Diversity Reporting (Voluntary)..... Annual....................... 10 1 0.1 1
Policies and Practices--
Non-material...........................
Joint Standards for Assessing Diversity Disclosure (Voluntary).... Annual....................... 195 1 1 195
Policies and Practices--
Public Disclosure......................
---------------------
Total Annual Burden (Hours)........ .......................... ............................. .............. .............. ......... 1,001
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection
Section 342 of the Dodd-Frank Wall Street Reform and Consumer
Protection Act of 2010 (the Act) required the Office of the Comptroller
of the Currency (OCC), Board of Governors of the Federal Reserve System
(Board), Federal Deposit Insurance Corporation (FDIC), Bureau of
Consumer Financial Protection (CFPB), National Credit Union
Administration (NCUA), and Securities and Exchange Commission (SEC)
(together, Agencies and separately, Agency) each to establish an Office
of Minority and Women Inclusion (OMWI) to be responsible for all
matters of the Agency relating to diversity in management, employment,
and business activities. The Act also instructed each OMWI Director to
develop standards for assessing the diversity policies and practices of
entities regulated by the Agency. The Agencies worked together to
develop joint standards and, on June 10, 2015, they jointly published
in the Federal Register \4\ the ``Final Interagency Policy Statement
Establishing Joint Standards for Assessing the Diversity Policies and
Practices of Entities Regulated by the Agencies'' (Policy Statement).
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\4\ 80 FR 33016.
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[[Page 63029]]
The Policy Statement contains a ``collection of information''
within the meaning of the Paperwork Reduction Act of 1995 (PRA). The
Policy Statement includes Joint Standards that cover ``Practices to
Promote Transparency of Organizational Diversity and Inclusion.'' These
Joint Standards contemplate that a regulated entity is transparent
about its diversity and inclusion activities by making certain
information available to the public annually on its website or through
other appropriate communications methods, in a manner reflective of the
entity's size and other characteristics. The specific information
referenced in these standards is: (a) Leadership commitment to
diversity and inclusion; (b) workforce diversity and employment
practices; (c) progress toward achieving diversity and inclusion in its
procurement activities; and (d) opportunities available at the entity
that promote diversity.
In addition, the Policy Statement includes Joint Standards that
address ``Entities' Self-Assessment.'' The Joint Standards for
Entities' Self-Assessment envision that a regulated entity, in a manner
reflective of its size and other characteristics, (a) conducts annually
a voluntary self-assessment of its diversity policies and practices;
(b) monitors and evaluates its performance under its diversity policies
and practices on an ongoing basis; (c) provides information pertaining
to its self-assessment to the OMWI Director of its primary federal
financial regulator; and (d) publishes information pertaining to its
efforts with respect to the Joint Standards.
The collection of information described above is reported to the
FDIC via the form entitled ``Diversity Self-Assessment of Financial
Institutions Regulated by the FDIC,'' which can be submitted in paper
\5\ or electronic format.\6\ To facilitate DSA submissions, the FDIC
has developed the automated Financial Institution Diversity Self-
Assessment (FID-SA) application. FID-SA provides FDIC-regulated
financial institutions an easy and efficient way to electronically
complete the diversity self-assessment; work with multiple users; view
previous submissions; attach supporting material; and print and save in
pdf format.\7\
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\5\ The paper version of the ``Diversity Self-Assessment of
Financial Institutions Regulated by the FDIC'' form (form number
2710/05) can be viewed at the following location: https://www.fdic.gov/resources/regulations/federal-register-publications/2021/2021-form-2710-05-diversity-self-assessment-paper-form.pdf.
\6\ The electronic version of the ``Diversity Self-Assessment of
Financial Institutions Regulated by the FDIC'' form (form number
2710/06) can be viewed at the following location: https://www.fdic.gov/resources/regulations/federal-register-publications/2021/2021-form-2710-06-diversity-self-assessment-screen-shots.docx.
\7\ As described in the FID-SA portal, available at https://www.fdic.gov/about/diversity/fidsaportal.html (accessed May 1,
2021).
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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 November 9, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-24814 Filed 11-12-21; 8:45 am]
BILLING CODE 6714-01-P
