Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 72234-72238 [2021-27525]

Download as PDF 72234 Federal Register / Vol. 86, No. 242 / Tuesday, December 21, 2021 / Notices Federal Deposit Insurance Corporation. Dated at Washington, DC, on December 15, 2021. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2021–27526 Filed 12–20–21; 8:45 am] BILLING CODE 6714–01–P 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 collections of information: 1. Title: Certification of Compliance with Mandatory Bars to Employment. OMB Number: 3064–0121. Form Number: 2120/16. Affected Public: Individuals seeking employment from the FDIC. Burden Estimate: comment on the request to renew the existing information collections described below (OMB Control No. 3064–0121; –0135; and –0185). Comments must be submitted on or before January 20, 2022. DATES: Interested parties are invited to submit written comments to the FDIC by any of the following methods: • https://www.fdic.gov/resources/ regulations/federal-registerpublications/. • 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. ADDRESSES: FEDERAL DEPOSIT INSURANCE CORPORATION [OMB No. 3064–0121; –0135; –0185] Agency Information Collection Activities: Proposed Collection Renewal; Comment Request Federal Deposit Insurance Corporation (FDIC). ACTION: Agency information collection activities: submission for OMB review; comment request. AGENCY: The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to SUMMARY: ESTIMATED ANNUAL BURDEN [OMB 3064–0121] Estimated time per response (minutes) Estimated annual burden (hours) Type of burden Form 2120/16 .................................................................... Reporting .......... 528 1 10 88 Total Annual Burden .................................................. ........................... ........................ ........................ ........................ 88 General Description of Collection: This information collection arises from the reporting requirements contained in 12 CFR part 336, subpart B, of the FDIC Rules and Regulations entitled ‘‘Minimum Standards of Fitness for Employment with the Federal Deposit Insurance Corporation’’. This rule implements Section 19 of the Resolution Trust Corporation Completion Act (Completion Act), Public Law 103–204, by (among other things) prescribing a certification, with attachments in some cases, relating to job applicants’ fitness and integrity. More specifically, the statute provides that the FDIC shall issue regulations implementing jspears on DSK121TN23PROD with NOTICES1 Estimated number of responses per respondent Estimated number of respondents Information collection description VerDate Sep<11>2014 18:02 Dec 20, 2021 Jkt 256001 provisions that prohibit any person from becoming employed by the FDIC who has been convicted of any felony; has been removed from, or prohibited from participating in the affairs of, any insured depository institution pursuant to any final enforcement action by any appropriate federal banking agency; has demonstrated a pattern or practice of defalcation regarding obligations to insured depository institutions; or has caused a substantial loss to federal deposit insurance funds. This collection of information implements these mandatory bars to employment through a certification, signed by job applicants prior to an offer of employment using PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 form 2120/16. There has been no change in the method or substance of this information collection. The change in estimated annual burden is due to an increase in the estimated number of new hires from an annual average of 500 in 2018 to an annual average of 528 currently. 2. Title: Purchaser Eligibility Certification. OMB Number: 3064–0135. Form Number: 7300–06. Affected Public: Individuals and entities wishing to purchase receivership assets from the FDIC. Burden Estimate: E:\FR\FM\21DEN1.SGM 21DEN1 72235 Federal Register / Vol. 86, No. 242 / Tuesday, December 21, 2021 / Notices ESTIMATED ANNUAL BURDEN [OMB 3064–0135] Information collection description Purchaser Eligibility Certification (Form No. 7300–06). Total Estimated Annual Burden (Hours). Type of burden (obligation to respond) Frequency of response Number of responses per respondent Reporting (Voluntary to obtain a benefit). On occasion ....... 380 1 30 190 ............................ ............................ ........................ ........................ ........................ 190 Number of respondents Hours per response (minutes) Estimated annual burden (hours) Source: FDIC. General Description of Collection: The FDIC is statutorily prohibited from selling assets held by insured depository institutions that have been placed under the conservatorship or receivership of the FDIC to individuals or entities that profited or engaged in wrongdoing at the expense of those failed institutions, or seriously mismanaged those failed institutions.1 This statutory prohibition is implemented by regulation.2 The FDIC uses Form No. 7300–06: Purchaser Eligibility Certification (PEC) to determine an entity or person’s eligibility to purchase assets. This Information Collection (IC) pertains to the voluntary submission of the PEC by persons seeking to certify their eligibility to be able to purchase receivership assets. Potential respondents to this IC include any entity or individual that wishes to bid on or purchase assets held by insured depository institutions that have been placed under the conservatorship or receivership of the FDIC. This IC contains one reporting requirement. The FDIC arrived at the estimated time to respond estimate of 30 minutes per PEC form, through observation of individuals completing these forms at open-outcry auction events. Since the form has not been revised, the FDIC believes this estimate remains reasonable and appropriate for this ICR. The FDIC estimated the number of respondents by tabulating the number of PECs received in each year between 2015 and 2020. Over that period, the FDIC received 2,282 PECs, or approximately 380 PECs per year on average. 3. Title: Resolution plans required for insured depository institutions with $100 billion or more in total assets. OMB Number: 3064–0185. Form Number: None. Affected Public: FDIC insured depository institutions with $50 billion or more in total assets. Burden Estimate: SUMMARY OF ESTIMATED ANNUAL IMPLEMENTATION BURDENS [OMB No. 3064–0185] Type of burden (obligation to respond) Description Resolution Plan Updates by GSIB specified CIDIs. Resolution Plan Updates non-GSIB specified CIDIs. Resolution Plans by New Filers ...... Notice of Material Change .............. Exemption Request ......................... Total Estimated Annual Burden Frequency of response Number of responses/ respondent Number of respondents Reporting (Mandatory). Reporting (Mandatory). Reporting (Mandatory). Reporting (Mandatory). Reporting (Required to obtain benefit). Annual (3 year cycle). Annual (3 year cycle). Annual (3 year cycle). On occasion ....... ............................ Time per response (hours) Estimated annual burden (hours) 9 1 21,920 197,280 22 1 3785.5 83,281 2 1 4430.7 8,861.4 2 1 120 240 On occasion ....... 1 1 1 1 ............................ ........................ ........................ ........................ 289,663.4 jspears on DSK121TN23PROD with NOTICES1 Source: FDIC. General Description of Collection: In 2012, the FDIC issued a rule requiring covered insured depository institutions (CIDIs) 3 to submit resolution plans to the FDIC (Rule).4 The Rule was established to facilitate the FDIC’s readiness to resolve a CIDI under the Federal Deposit Insurance Act (FDI 1 12 U.S.C. 1821(p). CFR 340. 3 According to 12 CFR 360.10(b)(4), covered insured depository institution means an insured depository institution with $50 billion or more in 2 12 VerDate Sep<11>2014 18:02 Dec 20, 2021 Jkt 256001 Act).5 Since issuing the Rule in 2012, the FDIC and CIDIs have been through multiple resolution plan submission cycles. Through this experience, the FDIC has learned what aspects of the resolution planning process are most valuable and what could be clarified or exempted. Furthermore, the FDIC has total assets, as determined based upon the average of the institution’s four most recent Reports of Condition and Income or Thrift Financial Reports (Call Report), as applicable to the insured depository institution. PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 gained additional resolution capabilities relevant to IDI resolution through separate rulemakings subsequent to the issuance of the IDI Rule.6 In November 2018, FDIC Chairman McWilliams announced that the agency planned to revise the IDI Rule, and that the next round of resolution plans 77 FR 3075. 12 U.S.C. 1811, et seq. 6 See, e.g., 12 CFR parts 370 & 371. 4 5 E:\FR\FM\21DEN1.SGM 21DEN1 72236 Federal Register / Vol. 86, No. 242 / Tuesday, December 21, 2021 / Notices jspears on DSK121TN23PROD with NOTICES1 submitted pursuant to the IDI Rule would not be required until the rulemaking process was complete.7 The FDIC partially lifted the resolution plan moratorium for CIDIs with $100 billion or more in assets on January 19, 2021.8 On June 25, 2021, the FDIC issued a statement (Statement) that outlined a modified approach to implementing the Rule.9 The modified approach applies to IDIs with $100 billion or more in total assets (specified CIDIs) and announces the FDIC’s intent to extend the submission frequency to a three-year cycle, streamline content requirements, and place greater emphasis on engagement with firms. In the Statement, the FDIC stated that it intends to send a letter to each specified CIDI advising it of the timing of its next resolution plan submission during the three-year cycle. To streamline content requirements, the FDIC has exempted all specified CIDIs from including in their resolution plans the provision, identification, description, or discussion of the following topics: Least Costly Resolution Method; Asset Valuation and Sales, Major Counterparties; Material Entity Financial Statements; Systemically Important Functions; Backup Plans; Assessment of the Resolution Plan; and High-Level Description of Resolution Strategy.10 In addition, the FDIC plans to exempt certain specified CIDIs from additional content items required under the Rule; these exemptions are tailored to the specified CIDI’s own circumstances and will be communicated to each specified CIDI in the FDIC’s letter. Specified CIDIs may also submit written requests to the FDIC for exemptions from additional categories of information, which should include a description of why the information would not be useful or material to the FDIC in planning to resolve the specified CIDI. The Statement also clarifies the postsubmission engagement process and contemplates one such engagement per specified CIDI per three-year resolution plan cycle. At present, CIDIs with less than $100 billion in total assets are not 7 See FDIC Chairman Jelena McWilliams, ‘‘Keynote Remarks,’’ speech before the 2018 Annual Conference of The Clearing House (TCH) and Bank Policy Institute (BPI) (November 28, 2018), available at https://www.fdic.gov/news/news/ speeches/spnov2818.html. 8 See FDIC Announces Lifting IDI Plan Moratorium (January 19, 2021), available at https:// www.fdic.gov/resauthority/idi-statement-01-192021.pdf. 9 See Statement on Resolution Plans for Insured Depository Institutions, available at https:// www.fdic.gov/resauthority/idi-statement-06-252021.pdf. 10 Id. at page 9. VerDate Sep<11>2014 18:02 Dec 20, 2021 Jkt 256001 expected to submit resolution plans during the period of this IC. The Rule contains ‘‘collections of information’’ as defined by the Paperwork Reduction Act (PRA) of 1995. As such, the FDIC must obtain approval by the Office of Management and Budget prior to collecting said collections of information. This IC was last approved for renewal on December 6, 2018 for an estimated 43 annual responses and a total estimated annual burden estimate of 572,791 hours. Given the changes to the PRA requirements of the Rule since the 2018 ICR, the FDIC has revised the delineation of burdens. As per their changes, the IC now comprises the following line items: 1. Resolution Plan Updates by specified CIDIs whose top tier parent company is a U.S. global systemically important bank as defined in 12 CFR 217.402 (GSIB specified CIDIs). 2. Resolution Plan Updates by specified CIDIs whose top tier parent company is not a U.S. global systemically important bank (non-GSIB specified CIDIs). 3. Resolution Plans by New Filers. 4. Notices of Material Change. 5. Exemption Requests. Potential respondents to this IC, as defined by the Rule under the modified approach described in the Statement, are specified CIDIs, or IDIs with total assets greater than or equal to $100 billion, based upon the average of the IDI’s four most recent Call Reports. As of March 31, 2021, there are 33 IDIs meeting those requirements.11 The FDIC anticipates that one of these Specified CIDIs will cease to exist due to its pending merger with another specified CIDI.12 The FDIC also anticipates that a new specified CIDI will be created due to the pending merger of two IDIs with expected combined assets over $100 billion.13 Thus, on net, the FDIC anticipates that there will be 33 potential respondents to this IC. The estimated number of respondents will vary by line item. Resolution Plan Updates: Of the set of potential respondents, the FDIC estimates that 9 GSIB FDIC Call Report Data, March 31, 2021. See FRB Order No. 2021–04 (May 14, 2021), available at https://www.federalreserve.gov/ newsevents/pressreleases/files/ orders20210514a1.pdf, last accessed on July 16, 2021. 13 See First Citizens BancShares, Inc., ‘‘First Citizens, CIT Receive FDIC Approval of Proposed Merger,’’ July 14, 2021, available at https:// www.globenewswire.com/news-release/2021/07/14/ 2262762/0/en/First-Citizens-CIT-Receive-FDICApproval-of-Proposed-Merger.html, last accessed on July 16, 2021. 11 12 PO 00000 Frm 00034 Fmt 4703 Sfmt 4703 Specified CIDIs and 22 non-GSIB specified CIDIs will submit Resolution Plan Updates.14 To estimate the burden imposed by the Rule under the modified approach described in the Statement, FDIC started with the methodology used in the 2018 ICR. That methodology relied on results from a survey of seven banks to estimate an average PRA burden per submission of 65 hours per billion dollars of assets. FDIC then made the following adjustments to the burden estimate to reflect the modified approach described in the Statement: • Reduced the estimated average PRA burden by five hours per billion dollars of assets to reflect the exclusion of content the Statement announced the FDIC would exempt from the specified CIDIs’ resolution plans.15 • Reduced the estimated average PRA burden by two hours per billion dollars of assets to reflect the rescission of guidance that had requested that each CIDI provide information on how a failure scenario would impact its creditor stack.16 • Increased the estimated average PRA burden by 2 hours per billion of assets to reflect the anticipated engagement contemplated in the Statement, which contemplates one such engagement per specified CIDI over the three-year filing period.17 • Reduced the estimated average burdens for GSIB specified CIDIs by four percent to reflect expected exemptions tailored to each GSIB specified CIDI. The four percent reduction was estimated by dividing the total number of such exemptions across all GSIB specified CIDIs (8) by the total number of required content items across all GSIB specified CIDIs (198). • Further reduced the estimated average burdens for non-GSIB specified CIDIs by 20 percent to reflect expected exemptions tailored to each non-GSIB specified CIDI. The 20 percent reduction was estimated by dividing the total number of such exemptions across all non-GSIB specified CIDIs (97) by the total number of required content items across all non-GSIB specified CIDIs (484). Based on the above methodology, FDIC estimates that the burden hours per submission would be 57.6 hours per billion dollars for Resolution Plan Updates by GSIB specified CIDIs.18 Using assets reported on Call Reports for the nine GSIB specified CIDIs, we 14 Based on FDIC Call Report Data, March 31, 2021. 15 See Statement, at page 9. 16 Id. 17 Id. at page 10. 18 57.6 hours = (65 hours¥5 hours¥2 hours + 2 hours) × (100 percent¥4 percent). E:\FR\FM\21DEN1.SGM 21DEN1 Federal Register / Vol. 86, No. 242 / Tuesday, December 21, 2021 / Notices estimate a total burden of 591,840 hours for Resolution Plan Updates by GSIB specified CIDIs, or an average of 65,760 hours per submission.19 Using the same methodology, FDIC estimates that the burden hours per submission to be 48 hours per billion dollars for non-GSIB specified CIDIs.20 Using the assets reported on the latest Call Report for the 22 non-GSIB specified CIDIs, we estimate a total burden of 249,840 hours for Resolution Plan Updates by non-GSIB specified CIDIs, or an average of 11,356 hours per submission.21 Under the modified approach described in the Statement, each respondent is expected to prepare a single submission in the upcoming three-year renewal cycle, resulting in a response rate of one in three years (or 1⁄3 per year). Because the OMB’s PRA renewal system limits annual responses to values greater than or equal to one, however, FDIC uses an annual rate of one response by both GSIB specified CIDIs and non-GSIB specified CIDIs (rather than 1⁄3). To estimate the annual hourly burden incurred by a respondent, we divide the estimated burden hours per submission by three to arrive at the estimated burden hours per year. Thus, FDIC estimates that Resolution Plan Updates by GSIB specified CIDIs will incur 21,920 hours per year 22 and Resolution Plan Updates by non-GSIB specified CIDIs will incur 3,785.5 hours per year.23 jspears on DSK121TN23PROD with NOTICES1 Resolution Plans by New Filers Of the set of potential respondents, the FDIC estimates that two Specified CIDIs will each submit a new Resolution Plan (i.e., submit a plan for the first time).24 To estimate the burden imposed by the Rule under the modified approach described in the Statement, FDIC started with the methodology used in the 2018 ICR. That methodology assumed that IDIs that cross the $50 19 65,760 hours per submission = 591,840 hours for nine submissions/9 submissions. 591,840 hours = 57.6 hours per submission per billion dollars in asset × $10,275 billion in assets, as reported in the March 31, 2021 Call Report. 20 48 hours = (65 hours¥5 hours¥2 hours + 2 hours) × (100 percent¥20 percent). 21 11,356 hours per submission = 249,840 hours for twenty-two submissions/22 submissions. 249,840 hours = 48 hours per submission per billion dollars in asset × $5,205 billion in assets, as reported in the March 31, 2021 Call Report. We adjust the assets of one non-GSIB specified CIDI to include the assets of the IDI that merged with it. 22 21,920 hours per year = 65,760 hours per submission/3 years per submission. 23 3,785 hours per year = 11,356 hours per submission/3 years per submission. 24 Based on FDIC Call Report Data, March 31, 2021, one specified CIDI has not previously submitted a plan and two CIDIs will merge to become a specified CIDI. VerDate Sep<11>2014 18:02 Dec 20, 2021 Jkt 256001 billion threshold will incur approximately 7,200 hours to prepare and submit their first resolution plan. This estimate is substantially higher than a comparative CIDI completing an annual update due to the higher costs of preparing a resolution plan for the first time.25 Given that, under modified approach described in the Statement, the total asset threshold is $100 billion in assets rather than $50 billion in assets, as was the case in the 2018 ICR, and the submission moratorium on CIDIs with less than $100 billion in total assets remains in place, the FDIC believes that 14,400 hours (7,200 hours × 2) is a reasonable and appropriate estimate for the burden of first time submissions under the Rule for purposes of this IC. Furthermore, note that the non-individual streamlined content exemptions and engagement changes described above, taken together, reduce the estimated average burden hours of Resolution Plan Updates by 7.7 percent.26 The FDIC believes that these changes would also reduce the burden of first time submissions by the same percentage. Thus, FDIC estimates that that each first time Resolution Plan submission will take 13,292 hours to prepare.27 As stated above, each respondent is expected to prepare a single submission in the upcoming three-year cycle, resulting in a response rate equal to 1⁄3 per year. Because the OMB’s PRA renewal system limits annual responses to values greater than or equal to one, however, FDIC uses an annual rate of one response by New Filers. To estimate the annual hourly burden incurred by a respondent, FDIC divides the estimated burden hours per submission by three to arrive at the estimated burden hours per year. Thus, FDIC estimates that Resolution Plans by New Filers will incur 4,430.7 hours per year.28 Notice of Material Change According to the Rule, a CIDI shall file with the FDIC a notice no later than 45 days after any event, occurrence, change in conditions or circumstances or other change that results in, or could reasonably be foreseen to have, a material effect on the resolution plan of the CIDI.29 The 2018 ICR estimated one annual respondent, two annual For example, using the 65 hours per billion dollars parameter, a CIDI with $50 billion in assets is estimated to incur 3,250 hours to prepare and submit a Resolution Plan Update. 26 7.7 percent = 5 hours/65 hours * 100 percent. 27 13,292 hours = 14,400 × (100 percent¥7.7 percent). 28 4,430.7 hours per year = 13,292 hours per submission/3 years per submission. 29 See 12 CFR 360.10(c)(1)(v). 25 PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 72237 responses per respondent, and 120 hours of burden per response, for this Notice of Material Change. The FDIC believes that two annual respondents each with one annual response per respondent is a more reasonable and appropriate estimate, and this estimate reflects that change. Thus FDIC estimates two annual respondents, one annual response per respondent, and 120 hours of burden per response for the line item Notice of Material Change. Exemption Request As described above, the Rule and the Statement permit a specified CIDI to seek exemptions from the informational requirements of the Rule beyond those described in the Statement or in the letter from the FDIC to the specified CIDI. Such a request should be in writing and include a ‘‘description of why the information would not be useful or material to the FDIC . . . .’’ 30 Since the FDIC does not have access to information that would enable it to estimate how many institutions will seek to submit an exemption request or how long it would take to prepare such a request, the FDIC uses placeholder estimates of one such exemption request and one burden hour to complete it.31 Thus FDIC estimates one annual respondent, one annual response per respondent, and one hour of burden per response for the line item Exemption Request. 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. See Statement at page 10. The SMEs considered basing an estimate for a § 360.10 exemption request on the estimate of 20 burden hours recently used for an exemption request under § 360.9. The SMEs ultimately determined that the exemption requests under the two provisions were unlikely to be analogous, however, and that the breadth and variability of § 360.10 exemption requests made it impracticable for the FDIC to develop a meaningful estimate without additional information that is not currently available. 30 31 E:\FR\FM\21DEN1.SGM 21DEN1 72238 Federal Register / Vol. 86, No. 242 / Tuesday, December 21, 2021 / Notices Dated at Washington, DC, on December 15, 2021. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2021–27525 Filed 12–20–21; 8:45 am] Proposed Data Collection Submitted for Public Comment and Recommendations FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company jspears on DSK121TN23PROD with NOTICES1 A. Federal Reserve Bank of Dallas (Karen Smith, Director, Applications) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. Brittany Broke Lane, Jonestown, Texas; by retaining voting shares of Shelby Bancshares, Inc., and thereby indirectly retaining voting shares of Shelby Savings Bank, SSB, both of Center, Texas. Board of Governors of the Federal Reserve System, December 16, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–27604 Filed 12–20–21; 8:45 am] BILLING CODE P Jkt 256001 Centers for Disease Control and Prevention (CDC), Department of Health and Human Services (HHS). ACTION: Notice with comment period. AGENCY: The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington DC 20551–0001, not later than January 5, 2022. 18:02 Dec 20, 2021 Centers for Disease Control and Prevention [60Day-22–22BG; Docket No. CDC–2021– 0131] BILLING CODE 6714–01–P VerDate Sep<11>2014 DEPARTMENT OF HEALTH AND HUMAN SERVICES The Centers for Disease Control and Prevention (CDC), as part of its continuing effort to reduce public burden and maximize the utility of government information, invites the general public and other federal agencies the opportunity to comment on a proposed and/or continuing information collection, as required by the Paperwork Reduction Act of 1995. This notice invites comments on a proposed information collection project titled Characteristics of Patients with Environmentally-derived Triazoleresistant Aspergillus fumigatus. This case report form collects information on demographics, underlying conditions, treatments, and outcomes of patients with triazole-resistant A. fumigatus to inform clinical and public health practice. SUMMARY: CDC must receive written comments on or before February 22, 2022. DATES: You may submit comments, identified by Docket No. CDC–2021– 0131 by any of the following methods: • Federal eRulemaking Portal: Regulations.gov. Follow the instructions for submitting comments. • Mail: Jeffrey M. Zirger, Information Collection Review Office, Centers for Disease Control and Prevention, 1600 Clifton Road NE, MS H21–8 Atlanta, Georgia 30329. Instructions: All submissions received must include the agency name and Docket Number. CDC will post, without change, all relevant comments to regulations.gov. Please note: Submit all comments through the Federal eRulemaking portal (regulations.gov) or by U.S. mail to the address listed above. FOR FURTHER INFORMATION CONTACT: To request more information on the proposed project or to obtain a copy of the information collection plan and instruments, contact Jeffrey M. Zirger, Information Collection Review Office, Centers for Disease Control and ADDRESSES: PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 Prevention, 1600 Clifton Road, NE, MS H21–8, Atlanta, Georgia 30329; phone: 404–639–7570; Email: omb@cdc.gov. SUPPLEMENTARY INFORMATION: Under the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3501–3520), federal agencies must obtain approval from the Office of Management and Budget (OMB) for each collection of information they conduct or sponsor. In addition, the PRA also requires federal agencies to provide a 60-day notice in the Federal Register concerning each proposed collection of information, including each new proposed collection, each proposed extension of existing collection of information, and each reinstatement of previously approved information collection before submitting the collection to the OMB for approval. To comply with this requirement, we are publishing this notice of a proposed data collection as described below. The OMB is particularly interested in comments that will help: 1. Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; 2. Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; 3. Enhance the quality, utility, and clarity of the information to be collected; 4. Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submissions of responses; and 5. Assess information collection costs. Proposed Project Characteristics of Patients with Environmentally-derived Triazoleresistant Aspergillus fumigatus—New— National Center for Emerging and Zoonotic Infectious Diseases (NCEZID), Centers for Disease Control and Prevention (CDC). Background and Brief Description The environmental mold Aspergillus fumigatus (A. fumigatus) is the primary cause of invasive aspergillosis and is associated with ∼50% mortality in highrisk patients, including stem cell and organ transplant recipients. The use of triazole antifungals has greatly improved survival. However, triazoleresistant A. fumigatus infections are E:\FR\FM\21DEN1.SGM 21DEN1

Agencies

[Federal Register Volume 86, Number 242 (Tuesday, December 21, 2021)]
[Notices]
[Pages 72234-72238]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-27525]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0121; -0135; -0185]


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

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

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SUMMARY: The FDIC, as part of its obligations under the Paperwork 
Reduction Act of 1995, invites the general public and other Federal 
agencies to take this opportunity to comment on the request to renew 
the existing information collections described below (OMB Control No. 
3064-0121; -0135; and -0185).

DATES: Comments must be submitted on or before January 20, 2022.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     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.
    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 collections of 
information:
    1. Title: Certification of Compliance with Mandatory Bars to 
Employment.
    OMB Number: 3064-0121.
    Form Number: 2120/16.
    Affected Public: Individuals seeking employment from the FDIC.
    Burden Estimate:

                                                                 Estimated Annual Burden
                                                                     [OMB 3064-0121]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Estimated
                                                                                             Estimated       number of    Estimated time     Estimated
       Information collection description                     Type of burden                 number of     responses per   per response    annual burden
                                                                                            respondents     respondent       (minutes)        (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Form 2120/16...................................  Reporting..............................             528               1              10              88
                                                                                         ---------------------------------------------------------------
    Total Annual Burden........................  .......................................  ..............  ..............  ..............              88
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: This information collection 
arises from the reporting requirements contained in 12 CFR part 336, 
subpart B, of the FDIC Rules and Regulations entitled ``Minimum 
Standards of Fitness for Employment with the Federal Deposit Insurance 
Corporation''. This rule implements Section 19 of the Resolution Trust 
Corporation Completion Act (Completion Act), Public Law 103-204, by 
(among other things) prescribing a certification, with attachments in 
some cases, relating to job applicants' fitness and integrity. More 
specifically, the statute provides that the FDIC shall issue 
regulations implementing provisions that prohibit any person from 
becoming employed by the FDIC who has been convicted of any felony; has 
been removed from, or prohibited from participating in the affairs of, 
any insured depository institution pursuant to any final enforcement 
action by any appropriate federal banking agency; has demonstrated a 
pattern or practice of defalcation regarding obligations to insured 
depository institutions; or has caused a substantial loss to federal 
deposit insurance funds. This collection of information implements 
these mandatory bars to employment through a certification, signed by 
job applicants prior to an offer of employment using form 2120/16. 
There has been no change in the method or substance of this information 
collection. The change in estimated annual burden is due to an increase 
in the estimated number of new hires from an annual average of 500 in 
2018 to an annual average of 528 currently.
    2. Title: Purchaser Eligibility Certification.
    OMB Number: 3064-0135.
    Form Number: 7300-06.
    Affected Public: Individuals and entities wishing to purchase 
receivership assets from the FDIC.
    Burden Estimate:

[[Page 72235]]



                                                                 Estimated Annual Burden
                                                                     [OMB 3064-0135]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Number of       Hours per       Estimated
  Information collection description        Type of burden        Frequency of response      Number of     responses per     response      annual burden
                                        (obligation to respond)                             respondents     respondent       (minutes)        (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Purchaser Eligibility Certification    Reporting (Voluntary to   On occasion............             380               1              30             190
 (Form No. 7300-06).                    obtain a benefit).
                                                                                         ---------------------------------------------------------------
    Total Estimated Annual Burden      ........................  .......................  ..............  ..............  ..............             190
     (Hours).
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: The FDIC is statutorily 
prohibited from selling assets held by insured depository institutions 
that have been placed under the conservatorship or receivership of the 
FDIC to individuals or entities that profited or engaged in wrongdoing 
at the expense of those failed institutions, or seriously mismanaged 
those failed institutions.\1\ This statutory prohibition is implemented 
by regulation.\2\ The FDIC uses Form No. 7300-06: Purchaser Eligibility 
Certification (PEC) to determine an entity or person's eligibility to 
purchase assets. This Information Collection (IC) pertains to the 
voluntary submission of the PEC by persons seeking to certify their 
eligibility to be able to purchase receivership assets. Potential 
respondents to this IC include any entity or individual that wishes to 
bid on or purchase assets held by insured depository institutions that 
have been placed under the conservatorship or receivership of the FDIC. 
This IC contains one reporting requirement. The FDIC arrived at the 
estimated time to respond estimate of 30 minutes per PEC form, through 
observation of individuals completing these forms at open-outcry 
auction events. Since the form has not been revised, the FDIC believes 
this estimate remains reasonable and appropriate for this ICR. The FDIC 
estimated the number of respondents by tabulating the number of PECs 
received in each year between 2015 and 2020. Over that period, the FDIC 
received 2,282 PECs, or approximately 380 PECs per year on average.
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    \1\ 12 U.S.C. 1821(p).
    \2\ 12 CFR 340.
---------------------------------------------------------------------------

    3. Title: Resolution plans required for insured depository 
institutions with $100 billion or more in total assets.
    OMB Number: 3064-0185.
    Form Number: None.
    Affected Public: FDIC insured depository institutions with $50 
billion or more in total assets.
    Burden Estimate:

                                                   Summary of Estimated Annual Implementation Burdens
                                                                   [OMB No. 3064-0185]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Number of       Time per        Estimated
             Description                    Type of burden        Frequency of response      Number of      responses/       response      annual burden
                                        (obligation to respond)                             respondents     respondent        (hours)         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Resolution Plan Updates by GSIB        Reporting (Mandatory)...  Annual (3 year cycle)..               9               1          21,920         197,280
 specified CIDIs.
Resolution Plan Updates non-GSIB       Reporting (Mandatory)...  Annual (3 year cycle)..              22               1          3785.5          83,281
 specified CIDIs.
Resolution Plans by New Filers.......  Reporting (Mandatory)...  Annual (3 year cycle)..               2               1          4430.7         8,861.4
Notice of Material Change............  Reporting (Mandatory)...  On occasion............               2               1             120             240
Exemption Request....................  Reporting (Required to    On occasion............               1               1               1               1
                                        obtain benefit).
                                                                                         ---------------------------------------------------------------
    Total Estimated Annual Burden....  ........................  .......................  ..............  ..............  ..............       289,663.4
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: In 2012, the FDIC issued a rule 
requiring covered insured depository institutions (CIDIs) \3\ to submit 
resolution plans to the FDIC (Rule).\4\ The Rule was established to 
facilitate the FDIC's readiness to resolve a CIDI under the Federal 
Deposit Insurance Act (FDI Act).\5\ Since issuing the Rule in 2012, the 
FDIC and CIDIs have been through multiple resolution plan submission 
cycles. Through this experience, the FDIC has learned what aspects of 
the resolution planning process are most valuable and what could be 
clarified or exempted. Furthermore, the FDIC has gained additional 
resolution capabilities relevant to IDI resolution through separate 
rulemakings subsequent to the issuance of the IDI Rule.\6\
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    \3\ According to 12 CFR 360.10(b)(4), covered insured depository 
institution means an insured depository institution with $50 billion 
or more in total assets, as determined based upon the average of the 
institution's four most recent Reports of Condition and Income or 
Thrift Financial Reports (Call Report), as applicable to the insured 
depository institution.
    \4\ 77 FR 3075.
    \5\ 12 U.S.C. 1811, et seq.
    \6\ See, e.g., 12 CFR parts 370 & 371.
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    In November 2018, FDIC Chairman McWilliams announced that the 
agency planned to revise the IDI Rule, and that the next round of 
resolution plans

[[Page 72236]]

submitted pursuant to the IDI Rule would not be required until the 
rulemaking process was complete.\7\ The FDIC partially lifted the 
resolution plan moratorium for CIDIs with $100 billion or more in 
assets on January 19, 2021.\8\ On June 25, 2021, the FDIC issued a 
statement (Statement) that outlined a modified approach to implementing 
the Rule.\9\ The modified approach applies to IDIs with $100 billion or 
more in total assets (specified CIDIs) and announces the FDIC's intent 
to extend the submission frequency to a three-year cycle, streamline 
content requirements, and place greater emphasis on engagement with 
firms. In the Statement, the FDIC stated that it intends to send a 
letter to each specified CIDI advising it of the timing of its next 
resolution plan submission during the three-year cycle. To streamline 
content requirements, the FDIC has exempted all specified CIDIs from 
including in their resolution plans the provision, identification, 
description, or discussion of the following topics: Least Costly 
Resolution Method; Asset Valuation and Sales, Major Counterparties; 
Material Entity Financial Statements; Systemically Important Functions; 
Backup Plans; Assessment of the Resolution Plan; and High-Level 
Description of Resolution Strategy.\10\ In addition, the FDIC plans to 
exempt certain specified CIDIs from additional content items required 
under the Rule; these exemptions are tailored to the specified CIDI's 
own circumstances and will be communicated to each specified CIDI in 
the FDIC's letter. Specified CIDIs may also submit written requests to 
the FDIC for exemptions from additional categories of information, 
which should include a description of why the information would not be 
useful or material to the FDIC in planning to resolve the specified 
CIDI. The Statement also clarifies the post-submission engagement 
process and contemplates one such engagement per specified CIDI per 
three-year resolution plan cycle. At present, CIDIs with less than $100 
billion in total assets are not expected to submit resolution plans 
during the period of this IC.
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    \7\ See FDIC Chairman Jelena McWilliams, ``Keynote Remarks,'' 
speech before the 2018 Annual Conference of The Clearing House (TCH) 
and Bank Policy Institute (BPI) (November 28, 2018), available at 
https://www.fdic.gov/news/news/speeches/spnov2818.html.
    \8\ See FDIC Announces Lifting IDI Plan Moratorium (January 19, 
2021), available at https://www.fdic.gov/resauthority/idi-statement-01-19-2021.pdf.
    \9\ See Statement on Resolution Plans for Insured Depository 
Institutions, available at https://www.fdic.gov/resauthority/idi-statement-06-25-2021.pdf.
    \10\ Id. at page 9.
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    The Rule contains ``collections of information'' as defined by the 
Paperwork Reduction Act (PRA) of 1995. As such, the FDIC must obtain 
approval by the Office of Management and Budget prior to collecting 
said collections of information. This IC was last approved for renewal 
on December 6, 2018 for an estimated 43 annual responses and a total 
estimated annual burden estimate of 572,791 hours.
    Given the changes to the PRA requirements of the Rule since the 
2018 ICR, the FDIC has revised the delineation of burdens. As per their 
changes, the IC now comprises the following line items:
    1. Resolution Plan Updates by specified CIDIs whose top tier parent 
company is a U.S. global systemically important bank as defined in 12 
CFR 217.402 (GSIB specified CIDIs).
    2. Resolution Plan Updates by specified CIDIs whose top tier parent 
company is not a U.S. global systemically important bank (non-GSIB 
specified CIDIs).
    3. Resolution Plans by New Filers.
    4. Notices of Material Change.
    5. Exemption Requests.
    Potential respondents to this IC, as defined by the Rule under the 
modified approach described in the Statement, are specified CIDIs, or 
IDIs with total assets greater than or equal to $100 billion, based 
upon the average of the IDI's four most recent Call Reports. As of 
March 31, 2021, there are 33 IDIs meeting those requirements.\11\ The 
FDIC anticipates that one of these Specified CIDIs will cease to exist 
due to its pending merger with another specified CIDI.\12\ The FDIC 
also anticipates that a new specified CIDI will be created due to the 
pending merger of two IDIs with expected combined assets over $100 
billion.\13\ Thus, on net, the FDIC anticipates that there will be 33 
potential respondents to this IC. The estimated number of respondents 
will vary by line item.
---------------------------------------------------------------------------

    \11\ FDIC Call Report Data, March 31, 2021.
    \12\ See FRB Order No. 2021-04 (May 14, 2021), available at 
https://www.federalreserve.gov/newsevents/pressreleases/files/orders20210514a1.pdf, last accessed on July 16, 2021.
    \13\ See First Citizens BancShares, Inc., ``First Citizens, CIT 
Receive FDIC Approval of Proposed Merger,'' July 14, 2021, available 
at https://www.globenewswire.com/news-release/2021/07/14/2262762/0/en/First-Citizens-CIT-Receive-FDIC-Approval-of-Proposed-Merger.html, 
last accessed on July 16, 2021.
---------------------------------------------------------------------------

Resolution Plan Updates:

    Of the set of potential respondents, the FDIC estimates that 9 GSIB 
Specified CIDIs and 22 non-GSIB specified CIDIs will submit Resolution 
Plan Updates.\14\ To estimate the burden imposed by the Rule under the 
modified approach described in the Statement, FDIC started with the 
methodology used in the 2018 ICR. That methodology relied on results 
from a survey of seven banks to estimate an average PRA burden per 
submission of 65 hours per billion dollars of assets. FDIC then made 
the following adjustments to the burden estimate to reflect the 
modified approach described in the Statement:
---------------------------------------------------------------------------

    \14\ Based on FDIC Call Report Data, March 31, 2021.
---------------------------------------------------------------------------

     Reduced the estimated average PRA burden by five hours per 
billion dollars of assets to reflect the exclusion of content the 
Statement announced the FDIC would exempt from the specified CIDIs' 
resolution plans.\15\
---------------------------------------------------------------------------

    \15\ See Statement, at page 9.
---------------------------------------------------------------------------

     Reduced the estimated average PRA burden by two hours per 
billion dollars of assets to reflect the rescission of guidance that 
had requested that each CIDI provide information on how a failure 
scenario would impact its creditor stack.\16\
---------------------------------------------------------------------------

    \16\ Id.
---------------------------------------------------------------------------

     Increased the estimated average PRA burden by 2 hours per 
billion of assets to reflect the anticipated engagement contemplated in 
the Statement, which contemplates one such engagement per specified 
CIDI over the three-year filing period.\17\
---------------------------------------------------------------------------

    \17\ Id. at page 10.
---------------------------------------------------------------------------

     Reduced the estimated average burdens for GSIB specified 
CIDIs by four percent to reflect expected exemptions tailored to each 
GSIB specified CIDI. The four percent reduction was estimated by 
dividing the total number of such exemptions across all GSIB specified 
CIDIs (8) by the total number of required content items across all GSIB 
specified CIDIs (198).
     Further reduced the estimated average burdens for non-GSIB 
specified CIDIs by 20 percent to reflect expected exemptions tailored 
to each non-GSIB specified CIDI. The 20 percent reduction was estimated 
by dividing the total number of such exemptions across all non-GSIB 
specified CIDIs (97) by the total number of required content items 
across all non-GSIB specified CIDIs (484).
    Based on the above methodology, FDIC estimates that the burden 
hours per submission would be 57.6 hours per billion dollars for 
Resolution Plan Updates by GSIB specified CIDIs.\18\ Using assets 
reported on Call Reports for the nine GSIB specified CIDIs, we

[[Page 72237]]

estimate a total burden of 591,840 hours for Resolution Plan Updates by 
GSIB specified CIDIs, or an average of 65,760 hours per submission.\19\
---------------------------------------------------------------------------

    \18\ 57.6 hours = (65 hours-5 hours-2 hours + 2 hours) x (100 
percent-4 percent).
    \19\ 65,760 hours per submission = 591,840 hours for nine 
submissions/9 submissions. 591,840 hours = 57.6 hours per submission 
per billion dollars in asset x $10,275 billion in assets, as 
reported in the March 31, 2021 Call Report.
---------------------------------------------------------------------------

    Using the same methodology, FDIC estimates that the burden hours 
per submission to be 48 hours per billion dollars for non-GSIB 
specified CIDIs.\20\ Using the assets reported on the latest Call 
Report for the 22 non-GSIB specified CIDIs, we estimate a total burden 
of 249,840 hours for Resolution Plan Updates by non-GSIB specified 
CIDIs, or an average of 11,356 hours per submission.\21\
---------------------------------------------------------------------------

    \20\ 48 hours = (65 hours-5 hours-2 hours + 2 hours) x (100 
percent-20 percent).
    \21\ 11,356 hours per submission = 249,840 hours for twenty-two 
submissions/22 submissions. 249,840 hours = 48 hours per submission 
per billion dollars in asset x $5,205 billion in assets, as reported 
in the March 31, 2021 Call Report. We adjust the assets of one non-
GSIB specified CIDI to include the assets of the IDI that merged 
with it.
---------------------------------------------------------------------------

    Under the modified approach described in the Statement, each 
respondent is expected to prepare a single submission in the upcoming 
three-year renewal cycle, resulting in a response rate of one in three 
years (or \1/3\ per year). Because the OMB's PRA renewal system limits 
annual responses to values greater than or equal to one, however, FDIC 
uses an annual rate of one response by both GSIB specified CIDIs and 
non-GSIB specified CIDIs (rather than \1/3\). To estimate the annual 
hourly burden incurred by a respondent, we divide the estimated burden 
hours per submission by three to arrive at the estimated burden hours 
per year. Thus, FDIC estimates that Resolution Plan Updates by GSIB 
specified CIDIs will incur 21,920 hours per year \22\ and Resolution 
Plan Updates by non-GSIB specified CIDIs will incur 3,785.5 hours per 
year.\23\
---------------------------------------------------------------------------

    \22\ 21,920 hours per year = 65,760 hours per submission/3 years 
per submission.
    \23\ 3,785 hours per year = 11,356 hours per submission/3 years 
per submission.
---------------------------------------------------------------------------

Resolution Plans by New Filers

    Of the set of potential respondents, the FDIC estimates that two 
Specified CIDIs will each submit a new Resolution Plan (i.e., submit a 
plan for the first time).\24\ To estimate the burden imposed by the 
Rule under the modified approach described in the Statement, FDIC 
started with the methodology used in the 2018 ICR. That methodology 
assumed that IDIs that cross the $50 billion threshold will incur 
approximately 7,200 hours to prepare and submit their first resolution 
plan. This estimate is substantially higher than a comparative CIDI 
completing an annual update due to the higher costs of preparing a 
resolution plan for the first time.\25\ Given that, under modified 
approach described in the Statement, the total asset threshold is $100 
billion in assets rather than $50 billion in assets, as was the case in 
the 2018 ICR, and the submission moratorium on CIDIs with less than 
$100 billion in total assets remains in place, the FDIC believes that 
14,400 hours (7,200 hours x 2) is a reasonable and appropriate estimate 
for the burden of first time submissions under the Rule for purposes of 
this IC. Furthermore, note that the non-individual streamlined content 
exemptions and engagement changes described above, taken together, 
reduce the estimated average burden hours of Resolution Plan Updates by 
7.7 percent.\26\ The FDIC believes that these changes would also reduce 
the burden of first time submissions by the same percentage. Thus, FDIC 
estimates that that each first time Resolution Plan submission will 
take 13,292 hours to prepare.\27\
---------------------------------------------------------------------------

    \24\ Based on FDIC Call Report Data, March 31, 2021, one 
specified CIDI has not previously submitted a plan and two CIDIs 
will merge to become a specified CIDI.
    \25\ For example, using the 65 hours per billion dollars 
parameter, a CIDI with $50 billion in assets is estimated to incur 
3,250 hours to prepare and submit a Resolution Plan Update.
    \26\ 7.7 percent = 5 hours/65 hours * 100 percent.
    \27\ 13,292 hours = 14,400 x (100 percent-7.7 percent).
---------------------------------------------------------------------------

    As stated above, each respondent is expected to prepare a single 
submission in the upcoming three-year cycle, resulting in a response 
rate equal to \1/3\ per year. Because the OMB's PRA renewal system 
limits annual responses to values greater than or equal to one, 
however, FDIC uses an annual rate of one response by New Filers. To 
estimate the annual hourly burden incurred by a respondent, FDIC 
divides the estimated burden hours per submission by three to arrive at 
the estimated burden hours per year. Thus, FDIC estimates that 
Resolution Plans by New Filers will incur 4,430.7 hours per year.\28\
---------------------------------------------------------------------------

    \28\ 4,430.7 hours per year = 13,292 hours per submission/3 
years per submission.
---------------------------------------------------------------------------

Notice of Material Change

    According to the Rule, a CIDI shall file with the FDIC a notice no 
later than 45 days after any event, occurrence, change in conditions or 
circumstances or other change that results in, or could reasonably be 
foreseen to have, a material effect on the resolution plan of the 
CIDI.\29\ The 2018 ICR estimated one annual respondent, two annual 
responses per respondent, and 120 hours of burden per response, for 
this Notice of Material Change. The FDIC believes that two annual 
respondents each with one annual response per respondent is a more 
reasonable and appropriate estimate, and this estimate reflects that 
change. Thus FDIC estimates two annual respondents, one annual response 
per respondent, and 120 hours of burden per response for the line item 
Notice of Material Change.
---------------------------------------------------------------------------

    \29\ See 12 CFR 360.10(c)(1)(v).
---------------------------------------------------------------------------

Exemption Request

    As described above, the Rule and the Statement permit a specified 
CIDI to seek exemptions from the informational requirements of the Rule 
beyond those described in the Statement or in the letter from the FDIC 
to the specified CIDI. Such a request should be in writing and include 
a ``description of why the information would not be useful or material 
to the FDIC . . . .'' \30\ Since the FDIC does not have access to 
information that would enable it to estimate how many institutions will 
seek to submit an exemption request or how long it would take to 
prepare such a request, the FDIC uses placeholder estimates of one such 
exemption request and one burden hour to complete it.\31\ Thus FDIC 
estimates one annual respondent, one annual response per respondent, 
and one hour of burden per response for the line item Exemption 
Request.
---------------------------------------------------------------------------

    \30\ See Statement at page 10.
    \31\ The SMEs considered basing an estimate for a Sec.  360.10 
exemption request on the estimate of 20 burden hours recently used 
for an exemption request under Sec.  360.9. The SMEs ultimately 
determined that the exemption requests under the two provisions were 
unlikely to be analogous, however, and that the breadth and 
variability of Sec.  360.10 exemption requests made it impracticable 
for the FDIC to develop a meaningful estimate without additional 
information that is not currently available.
---------------------------------------------------------------------------

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.


[[Page 72238]]


    Dated at Washington, DC, on December 15, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-27525 Filed 12-20-21; 8:45 am]
BILLING CODE 6714-01-P