Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 69033-69035 [2021-26357]
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69033
Federal Register / Vol. 86, No. 231 / Monday, December 6, 2021 / Notices
2021 filing a limited number of
incumbent earth station operators with
which it was able to establish contact
but has not been able to get enough
information from the earth station
operator for it to be included in a
satellite operator transition plan or for
RSM to conclude that the earth station
is in fact participating in the transition
process. With two exceptions,10 further
outreach by RSM with these earth
station operators has not been
successful.
Unless those earth station operators
provide the necessary information, they
will risk losing their rights to receive
relocation assistance prior to the
initiation of service in the band by the
incoming terrestrial wireless licensees,
as well as any rights to operate in the
lower C-band at their current locations
free of harmful interference that may
occur as these licensees deploy their
networks.
Federal Communications Commission.
Denise Coca,
Chief, Telecommunications Analysis
Division, International Bureau.
[FR Doc. 2021–26373 Filed 12–3–21; 8:45 am]
BILLING CODE 6712–01–P
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:
1. Title: Notices Required of
Government Securities Dealers or
Brokers (Insured State Nonmember
Banks).
OMB Number: 3064–0093.
Form Number: G–FIN; G–FINW; G–
FIN4 & G–FIN5.
Affected Public: Insured state
nonmember banks acting as government
securities brokers and dealers.
Burden Estimate:
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0093; –0111; –0136]
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
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. 3064–0093; –0111
and –0136).
DATES: Comments must be submitted on
or before February 4, 2022.
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 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,
SUMMARY:
SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0093]
Information collection description
Notice by Financial Institutions of
Government Securities Broker or
Government Securities Dealer
Activities (G–FIN).
Notice by Financial Institutions of
Termination of Activities as a
Government Securities Broker or
Government Securities Dealer
(G–FINW).
Disclosure Form for Person Associated with a Financial Institution
Securities Broker or Dealer (G–
FIN–4).
Uniform Termination Notice for Persons Associated with a Financial
Institution Government Securities
Broker or Dealer (G–FIN–5).
khammond on DSKJM1Z7X2PROD with NOTICES
Total Annual Burden (Hours) ...
Type of burden
(obligation to
respond)
Frequency of
response
Number of
responses per
respondent
Number of
respondents
Hours per
response
Annual burden
(hours)
Reporting (Mandatory).
On Occasion ......
1
1
1
1
Reporting (Mandatory).
On Occasion ......
1
1
2
2
Reporting (Mandatory).
On Occasion ......
1
5
2
10
Reporting (Mandatory).
On Occasion ......
1
5
0.25
1.25
............................
............................
........................
........................
........................
14.25
Source: FDIC.
General Description of Collection: The
Government Securities Act of 1986
requires all financial institutions acting
as government securities brokers and
dealers to notify their Federal regulatory
agencies of their broker dealer activities,
10 RSM reports that, since its July 14 filing, the
Archdiocese of San Antonio and Williamsburg’s
Radio Station, Inc. have been included in a space
station operator transition plan. September 24 RSM
filing, at note 3.
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Federal Register / Vol. 86, No. 231 / Monday, December 6, 2021 / Notices
unless exempted from the notice
requirements by Treasury Department
regulation. The Form G–FIN and Form
G–FINW are used by insured State
nonmember banks that are government
securities brokers or dealers to notify
the FDIC of their status or that they have
ceased to function as a government
securities broker or dealer.
The Form G–FIN–4 is used by
associated persons of insured State
nonmember banks that are government
securities brokers or dealers to provide
certain information to the bank and to
estimated number of submissions of
form G–FIN–4 has increased by four, the
hours per response increased by one
and frequency of responses have
remained the same.
2. Title: Activities and Investments of
Insured State Banks.
OMB Number: 3064–0111.
Form Numbers: None.
Affected Public: Insured state
nonmember banks and insured state
savings associations.
Burden Estimate:
the FDIC concerning employment,
residence, and statutory
disqualification. The Form G–FIN–5 is
used by insured State nonmember banks
that are government securities brokers
or dealers to notify the FDIC that an
associated person is no longer
associated with the government
securities broker or dealer function of
the bank.
There is no change in the method or
substance of the collection. The overall
increase in burden hours is the result of
economic fluctuation. In particular, the
SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0111]
Number of
responses per
respondent
Information collection
description
Type of burden
(obligation to respond)
Frequency of response
Application or Notice to
engage in certain activities 1.
Reporting (Required) ..
On occasion ................
29
1.1
8
256
.....................................
.....................................
........................
........................
........................
256
Total Annual Burden (Hours).
Number of
respondents
Hours per
response
Annual burden
(hours)
Source: FDIC.
General Description of Collection:
Section 24 of the Federal Deposit
Insurance (FDI Act), 12 U.S.C. 1831a,
limits investments and other activities
in which state banks may engage, as
principal, to those permissible for
national banks and those approved by
the FDIC under procedures set forth in
part 362 of the FDIC’s Rules and
Regulations, 12 CFR part 362. With
certain exceptions, section 24 of the FDI
Act limits the activities and investments
of state banks to those activities and
investments that are permissible for
national banks. In addition, the statute
prohibits a state bank from directly
engaging, as a principal, in any activity
khammond on DSKJM1Z7X2PROD with NOTICES
1 There is no official form used to submit an
application or notice. Institutions write a letter with
supporting documentation to FDIC to file a
response.
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20:32 Dec 03, 2021
Jkt 256001
or investment that is not permissible for
a national bank, or indirectly through a
subsidiary in an activity or investment
that is not permissible for a subsidiary
of a national bank, unless such bank
meets its minimum capital requirements
and the FDIC determines that the
activity or investment does not pose a
significant risk to the Deposit Insurance
Fund (DIF). The FDIC can make such a
determination for exception by
regulation or by order. Section 28(a), 12
U.S.C. 1831e, similarly limits the
investments and activities of state
savings associations and their service
corporations to those permitted by
federal savings associations and their
service corporations, absent FDIC
approval. Part 362 details the activities
that state banks or their subsidiaries
may engage in, under certain criteria
and conditions and identifies the
PO 00000
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Fmt 4703
Sfmt 4703
information that state banks must
furnish to the FDIC in order to obtain
the FDIC’s approval or non-objection.
Part 362 also applies to the activities
and investments of state savings
associations and their subsidiaries.
There is no change in the method or
substance of the collection. The increase
in burden hours is the result of
economic fluctuation. In particular, the
number of respondents has increased
while the hours per response and
frequency of responses have remained
the same.
3. Title: Privacy of Consumer
Financial Information.
OMB Number: 3064–0136.
Form Number: None.
Affected Public: Insured state
nonmember banks and consumers.
Burden Estimate:
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Federal Register / Vol. 86, No. 231 / Monday, December 6, 2021 / Notices
SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0136]
Information collection
description
Initial Notice to Consumers.
Opt-out Notice ..............
Annual Notice and
Change in Terms.
Consumer Opt-out ........
Total Annual Burden (Hours).
Number of
responses per
respondent
Type of burden
(obligation to respond)
Frequency of response
Number of
respondents
Hours per
response
Annual burden
(hours)
Third Party Disclosure
(Mandatory).
Third Party Disclosure
(Mandatory).
Third Party Disclosure
(Mandatory).
Third Party Disclosure
(Voluntary).
On Occasion ...............
94
1.4
60
7,896
On Occasion ...............
314
1
8
2,512
Annual .........................
534
1
8
4,272
On Occasion ...............
435,225
1
0.25
108,806.25
.....................................
.....................................
........................
........................
........................
123,486.25
Source: FDIC.
General Description of Collection: The
elements of this collection are required
under sections 503 and 504 of the
Gramm-Leach-Bliley Act, 15 U.S.C.
6803, 6804. The collection mandates
notice requirements and restrictions on
a financial institution’s ability to
disclose nonpublic personal information
about consumers to nonaffiliated third
parties.
There is no change in the method or
substance of the collection. The overall
decrease in burden hours is the result of
economic fluctuation. In particular, the
estimated number of respondents to the
Consumer Opt-out component
increased, the number of respondents to
the other components decreased and the
hours per response and frequency of
responses have remained the same.
khammond on DSKJM1Z7X2PROD with NOTICES
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, on November 30,
2021.
James P. Sheesley,
Assistant Executive Secretary, Federal
Deposit Insurance Corporation.
[FR Doc. 2021–26357 Filed 12–3–21; 8:45 am]
BILLING CODE 6714–01–P
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20:32 Dec 03, 2021
Jkt 256001
FEDERAL RESERVE SYSTEM
[Docket No. OP–1760]
Federal Reserve Bank Services; Notice
of Private Sector Adjustment Factor for
2022 and the 2022 Fee Schedules for
Federal Reserve Priced Services and
Electronic Access
The Board of Governors of the
Federal Reserve System (Board) has
approved the private sector adjustment
factor (PSAF) for 2022 of $19.4 million
and the 2022 fee schedules for Federal
Reserve priced services and electronic
access. These actions were taken in
accordance with the Monetary Control
Act of 1980, which requires that, over
the long run, fees for Federal Reserve
priced services be established based on
all direct and indirect costs, including
the PSAF.
DATES: The new fee schedules become
effective January 3, 2022.
FOR FURTHER INFORMATION CONTACT: For
questions regarding the fee schedules:
Susan Foley, Senior Associate Director,
(202) 452–3596; Kristopher Natoli,
Manager, (202) 452–3227; Division of
Reserve Bank Operations and Payment
Systems. For questions regarding the
PSAF: Casey Clark, Assistant Director,
(202) 912–7978; Grace Milbank, Lead
Financial Institution Policy Analyst,
(202) 263–4828, Division of Reserve
Bank Operations and Payment Systems.
Copies of the 2022 fee schedules for the
Check Service are available from the
Board, the Federal Reserve Banks, or the
Federal Reserve Financial Services
website at www.FRBservices.org.
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Private Sector Adjustment Factor,
Priced Services Cost Recovery, and
Overview of 2022 Price Changes
A. Overview—Each year, as required
by the Monetary Control Act of 1980,
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the Reserve Banks set fees for priced
services provided to financial
institutions.1 These fees are set to
recover, over the long run, all direct and
indirect costs and imputed costs,
including financing costs, taxes, and
certain other expenses, as well as the
return on equity (profit) that would have
been earned if a private-sector business
provided the services. The imputed
costs and imputed profit are collectively
referred to as the private-sector
adjustment factor (PSAF).2
B. Long-run cost recovery—Although
the Monetary Control Act does not
define ‘‘over the long run,’’ the Board
has generally measured long-run cost
recovery for mature services to be over
a 10-year rolling timeframe.3 In any
given year, one or more priced services
may under-recover for a variety of
reasons, including due to significant
investments to enhance a service.
Through 2020, the Reserve Banks’
long-run cost recovery was 103.5
percent of their total expenses
(including imputed costs) and targeted
after-tax profits or return on equity
1 On August 5, 2019, the Board announced that
the Reserve Banks will develop the FedNowSM
Service, an interbank real-time gross settlement
(RTGS) service with integrated clearing
functionality, to support the provision of end-toend faster payment services. The Board anticipates
the FedNow Service will be available in 2023.
Following the introduction of the FedNow Service,
the Board will regularly disclose the service’s cost
recovery and will monitor progress toward
matching revenues and costs.
2 The business lines subject to the MCA are the
Fedwire® Funds Service, National Settlement
Service, Fedwire Securities Service, FedACH®
Services, and Check Services.
3 The Board views a 10-year cost recovery
expectation as appropriate for assessing mature
services, which are those that have achieved a
critical mass of customer participation and
generally have stable and predictable volumes,
costs, and revenues.
E:\FR\FM\06DEN1.SGM
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]]>Agencies
[Federal Register Volume 86, Number 231 (Monday, December 6, 2021)]
[Notices]
[Pages 69033-69035]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-26357]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0093; -0111; -0136]
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.
3064-0093; -0111 and -0136).
DATES: Comments must be submitted on or before February 4, 2022.
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 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: Notices Required of Government Securities Dealers or
Brokers (Insured State Nonmember Banks).
OMB Number: 3064-0093.
Form Number: G-FIN; G-FINW; G-FIN4 & G-FIN5.
Affected Public: Insured state nonmember banks acting as government
securities brokers and dealers.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0093]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Number of
Information collection description Type of burden Frequency of response Number of responses per Hours per Annual burden
(obligation to respond) respondents respondent response (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notice by Financial Institutions of Reporting (Mandatory)... On Occasion............ 1 1 1 1
Government Securities Broker or
Government Securities Dealer
Activities (G-FIN).
Notice by Financial Institutions of Reporting (Mandatory)... On Occasion............ 1 1 2 2
Termination of Activities as a
Government Securities Broker or
Government Securities Dealer (G-
FINW).
Disclosure Form for Person Associated Reporting (Mandatory)... On Occasion............ 1 5 2 10
with a Financial Institution
Securities Broker or Dealer (G-FIN-
4).
Uniform Termination Notice for Reporting (Mandatory)... On Occasion............ 1 5 0.25 1.25
Persons Associated with a Financial
Institution Government Securities
Broker or Dealer (G-FIN-5).
---------------------------------------------------------------
Total Annual Burden (Hours)...... ........................ ....................... .............. .............. .............. 14.25
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection: The Government Securities Act of
1986 requires all financial institutions acting as government
securities brokers and dealers to notify their Federal regulatory
agencies of their broker dealer activities,
[[Page 69034]]
unless exempted from the notice requirements by Treasury Department
regulation. The Form G-FIN and Form G-FINW are used by insured State
nonmember banks that are government securities brokers or dealers to
notify the FDIC of their status or that they have ceased to function as
a government securities broker or dealer.
The Form G-FIN-4 is used by associated persons of insured State
nonmember banks that are government securities brokers or dealers to
provide certain information to the bank and to the FDIC concerning
employment, residence, and statutory disqualification. The Form G-FIN-5
is used by insured State nonmember banks that are government securities
brokers or dealers to notify the FDIC that an associated person is no
longer associated with the government securities broker or dealer
function of the bank.
There is no change in the method or substance of the collection.
The overall increase in burden hours is the result of economic
fluctuation. In particular, the estimated number of submissions of form
G-FIN-4 has increased by four, the hours per response increased by one
and frequency of responses have remained the same.
2. Title: Activities and Investments of Insured State Banks.
OMB Number: 3064-0111.
Form Numbers: None.
Affected Public: Insured state nonmember banks and insured state
savings associations.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0111]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Number of
Information collection description Type of burden Frequency of response Number of responses per Hours per Annual burden
(obligation to respond) respondents respondent response (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Application or Notice to engage in Reporting (Required).... On occasion............ 29 1.1 8 256
certain activities \1\.
---------------------------------------------------------------
Total Annual Burden (Hours)...... ........................ ....................... .............. .............. .............. 256
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection: Section 24 of the Federal
Deposit Insurance (FDI Act), 12 U.S.C. 1831a, limits investments and
other activities in which state banks may engage, as principal, to
those permissible for national banks and those approved by the FDIC
under procedures set forth in part 362 of the FDIC's Rules and
Regulations, 12 CFR part 362. With certain exceptions, section 24 of
the FDI Act limits the activities and investments of state banks to
those activities and investments that are permissible for national
banks. In addition, the statute prohibits a state bank from directly
engaging, as a principal, in any activity or investment that is not
permissible for a national bank, or indirectly through a subsidiary in
an activity or investment that is not permissible for a subsidiary of a
national bank, unless such bank meets its minimum capital requirements
and the FDIC determines that the activity or investment does not pose a
significant risk to the Deposit Insurance Fund (DIF). The FDIC can make
such a determination for exception by regulation or by order. Section
28(a), 12 U.S.C. 1831e, similarly limits the investments and activities
of state savings associations and their service corporations to those
permitted by federal savings associations and their service
corporations, absent FDIC approval. Part 362 details the activities
that state banks or their subsidiaries may engage in, under certain
criteria and conditions and identifies the information that state banks
must furnish to the FDIC in order to obtain the FDIC's approval or non-
objection. Part 362 also applies to the activities and investments of
state savings associations and their subsidiaries.
---------------------------------------------------------------------------
\1\ There is no official form used to submit an application or
notice. Institutions write a letter with supporting documentation to
FDIC to file a response.
---------------------------------------------------------------------------
There is no change in the method or substance of the collection.
The increase in burden hours is the result of economic fluctuation. In
particular, the number of respondents has increased while the hours per
response and frequency of responses have remained the same.
3. Title: Privacy of Consumer Financial Information.
OMB Number: 3064-0136.
Form Number: None.
Affected Public: Insured state nonmember banks and consumers.
Burden Estimate:
[[Page 69035]]
Summary of Estimated Annual Burden
[OMB No. 3064-0136]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Number of
Information collection description Type of burden Frequency of response Number of responses per Hours per Annual burden
(obligation to respond) respondents respondent response (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Initial Notice to Consumers.......... Third Party Disclosure On Occasion............ 94 1.4 60 7,896
(Mandatory).
Opt-out Notice....................... Third Party Disclosure On Occasion............ 314 1 8 2,512
(Mandatory).
Annual Notice and Change in Terms.... Third Party Disclosure Annual................. 534 1 8 4,272
(Mandatory).
Consumer Opt-out..................... Third Party Disclosure On Occasion............ 435,225 1 0.25 108,806.25
(Voluntary).
---------------------------------------------------------------
Total Annual Burden (Hours)...... ........................ ....................... .............. .............. .............. 123,486.25
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection: The elements of this collection
are required under sections 503 and 504 of the Gramm-Leach-Bliley Act,
15 U.S.C. 6803, 6804. The collection mandates notice requirements and
restrictions on a financial institution's ability to disclose nonpublic
personal information about consumers to nonaffiliated third parties.
There is no change in the method or substance of the collection.
The overall decrease in burden hours is the result of economic
fluctuation. In particular, the estimated number of respondents to the
Consumer Opt-out component increased, the number of respondents to the
other components decreased and the hours per response and frequency of
responses have remained the same.
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, on November 30, 2021.
James P. Sheesley,
Assistant Executive Secretary, Federal Deposit Insurance Corporation.
[FR Doc. 2021-26357 Filed 12-3-21; 8:45 am]
BILLING CODE 6714-01-P
