Agency Information Collection Activities: Proposed Collection Amendment; Comment Request, 67709-67710 [2021-25924]

Download as PDF 67709 Federal Register / Vol. 86, No. 226 / Monday, November 29, 2021 / Notices inquiry to the appropriate FDIC contact. There is no change in the method or substance of the collection. The overall reduction in burden hours is the result of economic fluctuation. 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. Dated at Washington, DC, this 22nd day of November 2021. Federal Deposit Insurance Corporation. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2021–25813 Filed 11–26–21; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION [OMB No. 3064–0212] Agency Information Collection Activities: Proposed Collection Amendment; Comment Request Federal Deposit Insurance Corporation (FDIC). ACTION: Agency information collection activities: Submission for OMB review; comment request. AGENCY: The FDIC seeks to continue its engagement and collaboration with innovators in the financial, non- SUMMARY: financial, and technology sectors to, among other things, identify, develop and promote technology-driven innovations among community and other banks in a manner that ensures the safety and soundness of FDICsupervised and -insured institutions. An innovation pilot program framework can provide a regulatory environment in which the FDIC, in conjunction with individual proposals collected from innovators, including banks, will provide tailored regulatory and supervisory assistance, when appropriate, to facilitate the testing of innovative and advanced technologies, products, services, systems, or activities. As part of an innovation pilot program, innovators may request information from banks and other members of the public outside of their normal course of business. Any information provided by banks and other members of the public will be provided on a voluntary basis. FDIC staff may similarly request information on a voluntary basis from banks or other members of the public to evaluate the products or services developed in the pilot programs. The FDIC invites the general public, including persons who may have an interest in participating in innovation pilot programs, and other Federal agencies to comment on the agency’s collection of information that may result from innovators obtaining information from banks and other members of the public in connection with innovation pilot programs, as required by the Paperwork Reduction Act of 1995. On September 22, 2021 and September 28, 2021, the FDIC published notices in the Federal Register requesting comment for 60 days on a proposal to amend this information collection. One comment was received but did not indicate any changes to be made to the information collection. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the amended information collection, and again invites comment. Comments must be submitted on or before December 29, 2021. ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods: • Agency Website: https:// www.fdic.gov/resources/regulations/ federal-register-publications/. • Email: comments@fdic.gov. Include the name of the collection in the subject line of the message. • Mail: Jennifer Jones (202–898– 6768), Counsel, MB–3078, 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 NW 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: Jennifer Jones, Counsel, 202–898–6768, jennjones@fdic.gov, MB–3078, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. SUPPLEMENTARY INFORMATION: Proposal to amend the following currently approved collection of information: 1. Title: Information Collection for Innovation Pilot Programs. OMB Number: 3064–0212. Form Number: None. Affected Public: FDIC-supervised and -insured institutions and other members of the public that provide information to innovators in connection with innovation pilot programs. Burden Estimate: DATES: khammond on DSKJM1Z7X2PROD with NOTICES SUMMARY OF ANNUAL BURDEN Information collection description Type of burden Obligation to respond Innovation Pilot Programs—Burden on Banks and Other Members of the Public. Reporting .. Voluntary ... Total Estimated Annual Burden ................... ................... ................... General Description of Collection: The FDIC seeks to engage and collaborate with innovators in the financial, nonfinancial, and technology sectors to, among other things, identify, develop VerDate Sep<11>2014 16:55 Nov 26, 2021 Jkt 256001 Estimated number of respondents Estimated frequency of responses Estimated time per response Estimated annual burden (hours) 400 On Occasion 100 40,000 ........................ ..................... ........................ 40,000 and promote technology-driven innovations among community and other banks in a manner that ensures the safety and soundness of FDICsupervised and -insured institutions. An PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 innovation pilot program framework will provide a regulatory environment in which the FDIC, in conjunction with individual proposals collected from innovators, will provide tailored E:\FR\FM\29NON1.SGM 29NON1 khammond on DSKJM1Z7X2PROD with NOTICES 67710 Federal Register / Vol. 86, No. 226 / Monday, November 29, 2021 / Notices regulatory and supervisory assistance, when appropriate, to facilitate the testing of innovative and advanced technologies, products, services, systems, or activities. The FDIC anticipates that products developed as part of innovation pilot programs will improve the efficiency and effectiveness of bank operations, and eventually, examinations, while increasing transparency and ultimately reducing the cost of regulatory compliance for participating institutions. In addition, the FDIC anticipates that proposals provided in connection with the innovation pilot programs will involve cutting-edge innovations and novel approaches or applications involving a banking product, service, system, or activity that benefits and can lead to better outcomes for consumers. As part of an innovation pilot program, innovators may request information from banks and other members of the public outside of their normal course of business. Any information provided by banks and other members of the public will be provided on a voluntary basis. FDIC staff may similarly request information on a voluntary basis from banks or other members of the public to evaluate the products or services developed in the pilot programs. This information is intended to allow banks and the FDIC to analyze the health of the overall banking system, critical financial sectors, or national, regional or local economic conditions (i.e., horizontal analysis). Additionally, bank specific information may be collected in order to allow for better insights into current and escalating risks across all aspects of banking. In particular, innovators may request from banks and other members of the public general ledger information about all products and services, or a subset of products and services, systems or activities. Information requested will not contain any personally identifiable information (PII) as defined in OMB Circular A–130 or include the disclosure of any financial records or information which is identified with or identifiable as being derived from the financial records of a particular customer. The annual burden for this information collection is estimated to be 40,000 hours. This represents an increase of hours from the current burden estimate and also a change in focus. In particular, when this information collection was first obtained, it included the burden imposed on the innovators and partner banks. In review of this information collection, the FDIC has decided to VerDate Sep<11>2014 16:55 Nov 26, 2021 Jkt 256001 transfer the burden imposed on innovators to existing information collection 3064–0072 entitled, ‘‘Acquisition Services Information Requirements,’’ which is related to the FDIC’s procurement process. The remaining hours in this information collection, which have been updated and increased, reflect the burden imposed on banks and other members of the public in connection with innovation pilot programs. CONTACT PERSON FOR MORE INFORMATION: Request for Comment [Docket No. AS21–08] 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 estimate 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. Appraisal Subcommittee Notice of Meeting Federal Deposit Insurance Corporation. Dated at Washington, DC, on November 23, 2021. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2021–25924 Filed 11–26–21; 8:45 am] BILLING CODE 6714–01–P FEDERAL ELECTION COMMISSION Sunshine Act Meeting Thursday, December 2, 2021 at the conclusion of the open meeting on December 2, 2021. PLACE: 1050 First Street NE, Washington, DC (This meeting will be a virtual meeting). STATUS: This meeting will be closed to the public. MATTERS TO BE CONSIDERED: Compliance matters pursuant to 52 U.S.C. 30109. Matters relating to internal personnel decisions, or internal rules and practices. Information the premature disclosure of which would be likely to have a considerable adverse effect on the implementation of a proposed Commission action. Matters concerning participation in civil actions or proceedings or arbitration. * * * * * TIME AND DATE: PO 00000 Frm 00037 Fmt 4703 Sfmt 4703 Judith Ingram, Press Officer, Telephone: (202) 694–1220. Vicktoria J. Allen, Acting Deputy Secretary of the Commission. [FR Doc. 2021–26000 Filed 11–24–21; 11:15 am] BILLING CODE 6715–01–P FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL Appraisal Subcommittee of the Federal Financial Institutions Examination Council. ACTION: Notice of meeting. AGENCY: In accordance with Section 1104(b) of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended, notice is hereby given that the Appraisal Subcommittee (ASC) will meet in open session for a special meeting: Location: Due to the COVID–19 Pandemic, the meeting will be open to the public via live webcast only. Visit the agency’s homepage (www.asc.gov) and access the provided registration link in the What’s New box. You MUST register in advance to attend this Meeting. Date: December 8, 2021. Time: 11:00 a.m. ET. Status: Open. SUPPLEMENTARY INFORMATION: Reports Chairman Executive Director Grants Director Financial Manager Action and Discussion Items Approval of Minutes September 15, 2021 Open Session Quarterly Meeting Notice of Proposed Rulemaking on Temporary Waiver How To Attend and Observe an ASC Meeting Due to the COVID–19 Pandemic, the meeting will be open to the public via live webcast only. Visit the agency’s homepage (www.asc.gov) and access the provided registration link in the What’s New box. The meeting space is intended to accommodate public attendees. However, if the space will not accommodate all requests, the ASC may refuse attendance on that reasonable basis. The use of any video or audio tape recording device, photographing E:\FR\FM\29NON1.SGM 29NON1

Agencies

[Federal Register Volume 86, Number 226 (Monday, November 29, 2021)]
[Notices]
[Pages 67709-67710]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-25924]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0212]


Agency Information Collection Activities: Proposed Collection 
Amendment; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Agency information collection activities: Submission for OMB 
review; comment request.

-----------------------------------------------------------------------

SUMMARY: The FDIC seeks to continue its engagement and collaboration 
with innovators in the financial, non-financial, and technology sectors 
to, among other things, identify, develop and promote technology-driven 
innovations among community and other banks in a manner that ensures 
the safety and soundness of FDIC-supervised and -insured institutions. 
An innovation pilot program framework can provide a regulatory 
environment in which the FDIC, in conjunction with individual proposals 
collected from innovators, including banks, will provide tailored 
regulatory and supervisory assistance, when appropriate, to facilitate 
the testing of innovative and advanced technologies, products, 
services, systems, or activities. As part of an innovation pilot 
program, innovators may request information from banks and other 
members of the public outside of their normal course of business. Any 
information provided by banks and other members of the public will be 
provided on a voluntary basis. FDIC staff may similarly request 
information on a voluntary basis from banks or other members of the 
public to evaluate the products or services developed in the pilot 
programs. The FDIC invites the general public, including persons who 
may have an interest in participating in innovation pilot programs, and 
other Federal agencies to comment on the agency's collection of 
information that may result from innovators obtaining information from 
banks and other members of the public in connection with innovation 
pilot programs, as required by the Paperwork Reduction Act of 1995. On 
September 22, 2021 and September 28, 2021, the FDIC published notices 
in the Federal Register requesting comment for 60 days on a proposal to 
amend this information collection. One comment was received but did not 
indicate any changes to be made to the information collection. The FDIC 
hereby gives notice of its plan to submit to OMB a request to approve 
the amended information collection, and again invites comment.

DATES: Comments must be submitted on or before December 29, 2021.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/.
     Email: [email protected]. Include the name of the 
collection in the subject line of the message.
     Mail: Jennifer Jones (202-898-6768), Counsel, MB-3078, 
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 NW 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: Jennifer Jones, Counsel, 202-898-6768, 
[email protected], MB-3078, Federal Deposit Insurance Corporation, 550 
17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: Proposal to amend the following currently 
approved collection of information:
    1. Title: Information Collection for Innovation Pilot Programs.
    OMB Number: 3064-0212.
    Form Number: None.
    Affected Public: FDIC-supervised and -insured institutions and 
other members of the public that provide information to innovators in 
connection with innovation pilot programs.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                      Estimated                                              Estimated
 Information collection description      Type of burden     Obligation to respond     number of     Estimated frequency   Estimated time   annual burden
                                                                                     respondents        of responses       per response       (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Innovation Pilot Programs--Burden    Reporting............  Voluntary............             400  On Occasion..........             100          40,000
 on Banks and Other Members of the
 Public.
                                                                                  ----------------------------------------------------------------------
    Total Estimated Annual Burden..  .....................  .....................  ..............  .....................  ..............          40,000
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The FDIC seeks to engage and 
collaborate with innovators in the financial, non-financial, and 
technology sectors to, among other things, identify, develop and 
promote technology-driven innovations among community and other banks 
in a manner that ensures the safety and soundness of FDIC-supervised 
and -insured institutions. An innovation pilot program framework will 
provide a regulatory environment in which the FDIC, in conjunction with 
individual proposals collected from innovators, will provide tailored

[[Page 67710]]

regulatory and supervisory assistance, when appropriate, to facilitate 
the testing of innovative and advanced technologies, products, 
services, systems, or activities.
    The FDIC anticipates that products developed as part of innovation 
pilot programs will improve the efficiency and effectiveness of bank 
operations, and eventually, examinations, while increasing transparency 
and ultimately reducing the cost of regulatory compliance for 
participating institutions. In addition, the FDIC anticipates that 
proposals provided in connection with the innovation pilot programs 
will involve cutting-edge innovations and novel approaches or 
applications involving a banking product, service, system, or activity 
that benefits and can lead to better outcomes for consumers.
    As part of an innovation pilot program, innovators may request 
information from banks and other members of the public outside of their 
normal course of business. Any information provided by banks and other 
members of the public will be provided on a voluntary basis. FDIC staff 
may similarly request information on a voluntary basis from banks or 
other members of the public to evaluate the products or services 
developed in the pilot programs. This information is intended to allow 
banks and the FDIC to analyze the health of the overall banking system, 
critical financial sectors, or national, regional or local economic 
conditions (i.e., horizontal analysis). Additionally, bank specific 
information may be collected in order to allow for better insights into 
current and escalating risks across all aspects of banking. In 
particular, innovators may request from banks and other members of the 
public general ledger information about all products and services, or a 
subset of products and services, systems or activities. Information 
requested will not contain any personally identifiable information 
(PII) as defined in OMB Circular A-130 or include the disclosure of any 
financial records or information which is identified with or 
identifiable as being derived from the financial records of a 
particular customer.
    The annual burden for this information collection is estimated to 
be 40,000 hours. This represents an increase of hours from the current 
burden estimate and also a change in focus. In particular, when this 
information collection was first obtained, it included the burden 
imposed on the innovators and partner banks. In review of this 
information collection, the FDIC has decided to transfer the burden 
imposed on innovators to existing information collection 3064-0072 
entitled, ``Acquisition Services Information Requirements,'' which is 
related to the FDIC's procurement process. The remaining hours in this 
information collection, which have been updated and increased, reflect 
the burden imposed on banks and other members of the public in 
connection with innovation pilot programs.

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 estimate 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 23, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-25924 Filed 11-26-21; 8:45 am]
BILLING CODE 6714-01-P