Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 51415-51418 [2022-17948]

Download as PDF 51415 Federal Register / Vol. 87, No. 161 / Monday, August 22, 2022 / Notices 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. 3064–0026, –0070, –0079, and –0188). XEBlE62i4GX3SaLOA,pFuQn 7W56UyeCp_ZdJp_6w,rBqKXoaE0qEpQWdfk4EGg?mode=read& tenantId=b953013c-c791-4d32-996f518390854527 by noon Wednesday, August 30, 2021. Individuals will be directed to a Webinar registration page and provided call-in information. DATES: Joyce B. Stone, Assistant Corporate Secretary. ADDRESSES: (located on F Street NW), 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 collection of information: 1. Title: Transfer Agent Registration and Amendment Form. OMB Number: 3064–0026. Form Number: TA–1. Affected Public: Private Sector, insured state nonmember banks and state savings associations. Burden Estimate: Comments must be submitted on or before October 21, 2022. [FR Doc. 2022–18133 Filed 8–18–22; 11:15 am] BILLING CODE 6690–01–P FEDERAL DEPOSIT INSURANCE CORPORATION [OMB No. 3064–0026; –0070; –0079; –0188] 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 SUMMARY: 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, 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 SUMMARY OF ESTIMATED ANNUAL BURDEN jspears on DSK121TN23PROD with NOTICES [OMB No. 3064–0026] Number of responses per respondent Type of burden (frequency of response) 1. Transfer Agent Registration 12 CFR 341.3 (Mandatory). 2. Transfer Agent Amendment 12 CFR 341.4 (Mandatory). 3. Transfer Agent Deregistration 12 CFR 341.5 (Mandatory). Reporting (Occasional) .................... 1 1 01:15 1 Reporting (Occasional) .................... 1 1 00:10 0 Reporting (Occasional) .................... 1 1 00:25 0 Total Annual Burden (Hours) ..... ........................................................... ........................ ........................ ........................ 1 General Description of Collection: Section 17A(c) of the Security Exchange Act of 1934 (the Act) requires all transfer agents for securities registered under section 12 of the Act or, if the security would be required to be registered except for the exemption from registration provided by Section 12(g)(2)(B) or Section 12(g)(2)(G), to ‘‘fil[e] with the appropriate regulatory agency . . . an application for registration in such form and containing such information and documents . . . as such appropriate regulatory agency may prescribe as necessary or appropriate in furtherance of the purposes of this section.’’ In general, an entity performing transfer agent functions for a security is required to register with its appropriate regulatory agency (ARA) if the security is registered on a national securities exchange or if the issuer of the security has total assets exceeding VerDate Sep<11>2014 18:17 Aug 19, 2022 Jkt 256001 Number of respondents Time per response (HH:MM) Information collection description (obligation to respond) $10 million and a class of equity security held of record by 2,000 persons or, for an issuer that is not a bank, BHC, or SLHC, by 500 persons who are not accredited investors. The Federal Reserve Board of Governors’ (Board) Regulation H (12 CFR 208.31(a)) and Regulation Y (12 CFR 225.4(d)), the OCC’s 12 CFR 9.20, and the FDIC’s 12 CFR part 341 implement these provisions of the Act. To accomplish the registration of transfer agents, Form TA– 1 was developed in 1975 as an interagency effort by the Securities and Exchange Commission (SEC) and the agencies. The agencies primarily use the data collected on Form TA–1 to determine whether an application for registration should be approved, denied, accelerated or postponed, and they use the data in connection with their supervisory responsibilities. FDIC is revising this information collection to PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 Annual burden (hours) include the burden associated with the reporting requirement related to the transfer agent deregistration form (Form TA–W) currently cleared under OMB Control Number 3064–0027. The intention is to create a combined ICR that covers both the transfer agent registration and amendment form, and the transfer agent deregistration form. This combined ICR will retain the Office of Management and Budget (OMB) number OMB No. 3064–0026. The FDIC plans to discontinue OMB No. 3064– 0027 once the combined OMB No. 3064–0026 is approved. This action will streamline the ICR process and contribute to enhanced operational efficiency of the FDIC. There is no change in the method or substance of the collection. The overall reduction in burden hours is the result of economic fluctuation. In particular, the decline in the estimated overall E:\FR\FM\22AUN1.SGM 22AUN1 51416 Federal Register / Vol. 87, No. 161 / Monday, August 22, 2022 / Notices annual time burden from 2 hours in 2020 and 2021 to 1 hour in 2022. Affected Public: Insured state nonmember banks and state savings associations. Burden Estimate: 2. Title: Application for a Bank to Establish a Branch or Move its Main Office or Branch. OMB Number: 3064–0070. Form Number: None. SUMMARY OF ESTIMATED ANNUAL BURDEN [OMB No. 3064–0070] Type of burden (obligation to respond) Information collection description Application for consent to reduce or retire capital. Estimated Total Annual Burden. Frequency of response Number of respondents Number of responses per respondent Hours per response Annual burden (hours) Reporting (Mandatory). On Occasion ...... 436 1.461 5 3,185 ............................ ............................. ........................ ........................ ........................ 3,185 General Description of Collection: Section 18(d) of the Federal Deposit Insurance Act (12 U.S.C. 1828(d) (FDI Act) provides that no FDIC insured state nonmember bank or state savings association shall establish and operate any new domestic branch or move its main office or any such branch from one location to another without the prior written consent of the FDIC. In granting or withholding consent to the applicant, FDIC considers: (a) The financial history and condition of the depository institution; (b) the adequacy of its capital structure; (c) its future earnings prospects; (d) the general character and fitness of its management; (e) the risk presented by the depository institution to the Deposit Insurance Fund; (f) the convenience and needs of the community to be served; and (g) whether its corporate powers are consistent with the purposes of the FDI Act. FDIC regulations found at 12 CFR 303, subpart C, specify the steps that respondents must take to comply with the statutory mandate. There is no change in the method or substance of the collection. The overall reduction in burden hours is the result of economic fluctuation. In particular, the number of respondents has decreased while the hours per response and frequency of responses have remained the same. 3. Title: Application for Consent to Reduce or Retire Capital. OMB Number: 3064–0079. Form Number: None. Affected Public: Insured state nonmember banks and state savings associations. Burden Estimate: SUMMARY OF ESTIMATED ANNUAL BURDEN [OMB No. 3064–0079] Estimated number of respondents Estimated time per response (hours) Number of responses per respondent Total estimated annual burden (hours) Information collection (IC) description Type of burden (obligation to respond) Application for consent to reduce or retire capital. Reporting (Required to Obtain or Retain a Benefit). 74 1.36 11 1,107 ........................................................... ........................ ........................ ........................ 1,107 Estimated Total Annual Burden General Description of Collection: Insured state nonmember banks proposing to change their capital structure must submit an application containing information about the proposed change to obtain FDIC’s consent to reduce or retire capital. There is no change in the method or substance of the collection. The overall reduction in burden hours is the result of economic fluctuation. In particular, the number of respondents has decreased while the hours per response and frequency of responses have remained the same. 4. Title: Appraisals for Higher-Priced Mortgage Loans. OMB Number: 3064–0188. Form Number: None. Affected Public: Insured state nonmember banks and state savings associations. Burden Estimate: jspears on DSK121TN23PROD with NOTICES ESTIMATED NUMBER OF RESPONDENTS AND RESPONSES PER RESPONDENT Item IC description (section) 1 ........ Disclose to an applicant for an HPML that the institution may obtain an appraisal for the property, 12 CFR part 1026.35(c)(5)(i). Provide a copy of written appraisal to the consumer, 12 CFR part 1026.35(c)(6)(i). 2 ........ VerDate Sep<11>2014 19:52 Aug 19, 2022 Jkt 256001 PO 00000 Estimated annual number of respondents Estimated annual number of responses per respondent Estimated time per response Mandatory ......... 3,018 14.54 0.017 746 Mandatory ......... 3,018 15.34 0.14 6,481 Type of burden (frequency of response) Obligation to respond Third-party Disclosure (On Occasion). Third-party Disclosure (On Occasion). Frm 00087 Fmt 4703 Sfmt 4703 E:\FR\FM\22AUN1.SGM 22AUN1 Estimated annual burden hours 51417 Federal Register / Vol. 87, No. 161 / Monday, August 22, 2022 / Notices ESTIMATED NUMBER OF RESPONDENTS AND RESPONSES PER RESPONDENT—CONTINUED Estimated annual number of responses per respondent Estimated time per response Optional ............. 3,018 0.74 0.083 185 ........................... ........................ ........................ ........................ 7,412 IC description (section) Type of burden (frequency of response) Obligation to respond 3 ........ Provide documentation of the property value to the consumer in lieu of an appraisal, 12 CFR Part 1026.35(c)(2)(viii)(B). Third-party Disclosure (On Occasion). .......................... Total Estimated Annual Burden Hours: ........ jspears on DSK121TN23PROD with NOTICES Estimated annual number of respondents Item General Description of Collection: Section 1471 of the Dodd-Frank Act established a new Truth in Lending (TILA) section 129H, which contains appraisal requirements applicable to higher-risk mortgages and prohibits a creditor from extending credit in the form of a higher-risk mortgage loan to any consumer without meeting those requirements. A higher-risk mortgage is defined as a residential mortgage loan secured by a principal dwelling with an annual percentage rate (APR) that exceeds the average prime offer rate (APOR) for a comparable transaction as of the date the interest rate is set by certain enumerated percentage point spreads. The rule requires that, within three days of application, a creditor provide a disclosure that informs consumers regarding the purpose of the appraisal, that the creditor will provide the consumer a copy of any appraisal, and that the consumer may choose to have a separate appraisal conducted at the expense of the consumer. If a loan meets the definition of a higher-risk mortgage loan, then the creditor would be required to obtain a written appraisal prepared by a certified or licensed appraiser who conducts a physical visit of the interior of the property that will secure the transaction, and send a copy of the written appraisal to the consumer. To qualify for the safe harbor provided under the rule, a creditor is required to review the written appraisal as specified in the text of the rule and appendix A. If a loan is classified as a higher-risk mortgage loan that will finance the acquisition of the property to be mortgaged, and the property was acquired within the previous 180 days by the seller at a price that was lower than the current sale price, then the creditor is required to obtain an additional appraisal. A creditor is required to provide the consumer a copy of the appraisal reports performed in connection with the loan, without charge, at least days prior to consummation of the loan. FDIC is revising this information collection to fully account for the scope of PRA burden delineated in Part 1036.35(c). As a result, two new items VerDate Sep<11>2014 19:52 Aug 19, 2022 Jkt 256001 have been added to the burden table; two items previously listed separately have been combined into a single item; and one item, associated with Part 1026.35(c)(4)(iv), was deemed to not impose any additional recordkeeping, disclosure or reporting requirements, has been removed from the table. As a result of these revisions, the estimated annual burden has increased from 4,044 hours to 7,412 hours. The following is a summary of the revisions: • The 2019 ICR did not include a line item associated with the disclosure requirement in Part 1026.35(c)(5)(i), which requires institutions to disclose the following statement, in writing, to a consumer who applies for a higherpriced mortgage loan (HPML): ‘‘We may order an appraisal to determine the property’s value and charge you for this appraisal. We will give you a copy of any appraisal, even if your loan does not close. You can pay for an additional appraisal for your own use at your own cost.’’ FDIC has added a line item associated with this requirement to the burden table for the 2022 renewal. • The 2019 ICR did not include a line item associated with Part 1026.35(c)(2)(viii)(B), which exempts institutions from the appraisal requirements for HPMLs secured by a manufactured home and not land if the institution obtains, and provides to the consumer no later than three business days prior to the consummation of the transaction, either: (1) For a new manufactured home, the manufacturer’s invoice for the manufactured home securing the transaction, provided that the date of manufacture is no earlier than 18 months prior to the creditor’s receipt of the consumer’s application for credit; (2) A cost estimate of the value of the manufactured home securing the transaction obtained from an independent cost service provider, or; (3) A valuation of the manufactured home performed by a person who has no direct or indirect interest, financial or otherwise, in the property or transaction for which the valuation is performed and has training in valuing manufactured homes. FDIC has added a line item associated with this disclosure PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 Estimated annual burden hours requirement to the burden table for the 2022 renewal. • The 2019 ICR included two separate line items related to the disclosure requirement in Part 1026.35(c)(6)(i) for an institution to provide a copy to the applicant of any appraisal obtained pursuant to Parts 1026.35(c)(3) and 1026.35(c)(4). The 2019 ICR included one line item for the disclosure requirements for appraisals obtained pursuant to Part 1026.35(c)(3) and another for appraisals obtained pursuant to Part 1026.35(c)(4). FDIC has combined these two line items into a single line item for the 2022 renewal. • The 2019 ICR included a line item associated with the requirement in Part 1026.35(c)(4)(iv) for one of the two appraisals for a property for which two appraisals are required under Part 1026.(c)4(i) to include an analysis of: (1) The difference between the price at which the seller acquired the property and the price that the consumer is obligated to pay to acquire the property, as specified in the consumer’s agreement to acquire the property from the seller; (2) Changes in market conditions between the date the seller acquired the property and the date of the consumer’s agreement to acquire the property; and (3) Any improvements made to the property between the date the seller acquired the property and the date of the consumer’s agreement to acquire the property. FDIC has determined that Part 1026.35(c)(4)(iv) does not impose any additional recordkeeping, disclosure, or reporting requirements on members of the public and has removed the line item associated with this requirement from the burden table for the 2022 renewal. Request for Comment Comments are invited on: (a) Whether the collections of information are 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 collections, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and E:\FR\FM\22AUN1.SGM 22AUN1 51418 Federal Register / Vol. 87, No. 161 / Monday, August 22, 2022 / Notices clarity of the information to be collected; and (d) ways to minimize the burden of the collections 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. Board of Governors of the Federal Reserve System. Michele Taylor Fennell, Deputy Associate Secretary of the Board. Federal Deposit Insurance Corporation. Dated at Washington, DC, August 16, 2022. James P. Sheesley, Assistant Executive Secretary. GENERAL SERVICES ADMINISTRATION [FR Doc. 2022–17948 Filed 8–19–22; 8:45 am] BILLING CODE 6714–01–P jspears on DSK121TN23PROD with NOTICES 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 September 6, 2022. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Bernard Bennett Banks, as trustee of the Voting Trust Agreement, both of Evanston, Illinois; to acquire voting shares of National Bancorp Holdings, Inc., and thereby indirectly acquire voting shares of The Federal Savings Bank, both of Chicago, Illinois. Jkt 256001 A. Purpose [OMB Control No. 3090–0306; Docket No. 2022–0001; Sequence No. 14] Office of Acquisition Policy, General Services Administration (GSA). ACTION: Notice of request for comments regarding an extension to an existing OMB clearance. Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat Division is submitting a request to the Office of Management and Budget (OMB) to review and approve an extension of a previously approved information collection requirement regarding OMB Control No. 3090–0306, Transactional Data Reporting. DATES: Submit comments on or before: October 21, 2022. ADDRESSES: Submit comments identified by Information Collection 3090–0306, Transactional Data Reporting via https:// www.regulations.gov. Submit comments via the Federal eRulemaking portal by searching the OMB control number. Select the link ‘‘Comment’’ that corresponds with ‘‘3090–0306, Transactional Data Reporting.’’ Follow the instructions provided on the screen. Please include your name, company name (if any), and ‘‘Information Collection 3090–0306, Transactional Data Reporting’’ on your attached document. If your comment cannot be submitted using regulations.gov, call or email the points of contact in the FOR FURTHER INFORMATION CONTACT section of this document for alternate instructions. Instructions: Please submit comments only and cite Information Collection 3090–0306, Transactional Data Reporting, in all correspondence related to this collection. All comments received will be posted without change to https://www.regulations.gov, including any personal and/or business confidential information provided. To confirm receipt of your comment(s), please check regulations.gov, SUMMARY: PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 Mr. Thomas O’Linn, Procurement Analyst, General Services Acquisition Policy Division, GSA, 202–445–0390 or email gsarpolicy@gsa.gov. FOR FURTHER INFORMATION CONTACT: SUPPLEMENTARY INFORMATION: AGENCY: Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company 18:17 Aug 19, 2022 BILLING CODE P Information Collection; General Services Administration Acquisition Regulation; Transactional Data Reporting FEDERAL RESERVE SYSTEM VerDate Sep<11>2014 [FR Doc. 2022–18061 Filed 8–19–22; 8:45 am] approximately two-to-three days after submission to verify posting. This information collection is for GSA Federal Supply Schedules (FSS) and non-FSS offerors and contractors subject to transactional data report (TDR) requirements. Transactional data encompasses the historical details of the products or services delivered by a contractor during the performance of task or delivery orders issued against a contract subject to TDR requirements. TDR requirements are found within Alternate I of General Services Administration Acquisition Regulation (GSAR) clause 552.238–80, Industrial Funding Fee and Sales Reporting, and 552.216–75, Transactional Data Reporting. GSAR clauses 552.216–70, Economic Price Adjustment—FSS Multiple Award Schedule Contracts (Deviation II); Alternate I of 552.238–81, Price Reductions; 552.238–83 Examination of Records by GSA; and 552.238–85, Contractor’s Billing Responsibilities, are additional GSAR clause directly associated with FSS contracts subject to these requirements. This information collection does not apply to GSA FSS offerors and contractors subject to pricing disclosures and sales reporting requirements. The burden associated with pricing disclosures and sales reporting requirements is covered under information collection OMB control number 3090–0235, Federal Supply Schedule Pricing Disclosures and Sales Reporting. B. Annual Reporting Burden The total estimated annual public cost burden for this information collection is estimated to be $18,104,484.46. The total estimated annual public burden hours resulting from this information collection is 281,344 hours. These numbers are calculated by adding up the total estimated annual burden cost/ hour for each of the following GSAR clauses covered by this information collection: 552.216–75, Transactional Data Reporting; Alternate I of 552.238– 80, Industrial Funding Fee and Sales Reporting; Alternate I of 552.238–81, Price Reductions; 552.216–70, Economic Price Adjustment—FSS Multiple Award Schedule Contracts (Deviation II); 552.238–83, Examination E:\FR\FM\22AUN1.SGM 22AUN1

Agencies

[Federal Register Volume 87, Number 161 (Monday, August 22, 2022)]
[Notices]
[Pages 51415-51418]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-17948]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0026; -0070; -0079; -0188]


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. 
3064-0026, -0070, -0079, and -0188).

DATES: Comments must be submitted on or before October 21, 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 NW building (located on F Street 
NW), 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 collection of information:
    1. Title: Transfer Agent Registration and Amendment Form.
    OMB Number: 3064-0026.
    Form Number: TA-1.
    Affected Public: Private Sector, insured state nonmember banks and 
state savings associations.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0026]
----------------------------------------------------------------------------------------------------------------
    Information collection       Type of burden                      Number of       Time per
  description  (obligation to     (frequency of      Number of     responses per     response      Annual burden
           respond)                 response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
1. Transfer Agent Registration  Reporting                      1               1           01:15               1
 12 CFR 341.3 (Mandatory).       (Occasional).
2. Transfer Agent Amendment 12  Reporting                      1               1           00:10               0
 CFR 341.4 (Mandatory).          (Occasional).
3. Transfer Agent               Reporting                      1               1           00:25               0
 Deregistration 12 CFR 341.5     (Occasional).
 (Mandatory).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............               1
     (Hours).
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: Section 17A(c) of the Security 
Exchange Act of 1934 (the Act) requires all transfer agents for 
securities registered under section 12 of the Act or, if the security 
would be required to be registered except for the exemption from 
registration provided by Section 12(g)(2)(B) or Section 12(g)(2)(G), to 
``fil[e] with the appropriate regulatory agency . . . an application 
for registration in such form and containing such information and 
documents . . . as such appropriate regulatory agency may prescribe as 
necessary or appropriate in furtherance of the purposes of this 
section.'' In general, an entity performing transfer agent functions 
for a security is required to register with its appropriate regulatory 
agency (ARA) if the security is registered on a national securities 
exchange or if the issuer of the security has total assets exceeding 
$10 million and a class of equity security held of record by 2,000 
persons or, for an issuer that is not a bank, BHC, or SLHC, by 500 
persons who are not accredited investors. The Federal Reserve Board of 
Governors' (Board) Regulation H (12 CFR 208.31(a)) and Regulation Y (12 
CFR 225.4(d)), the OCC's 12 CFR 9.20, and the FDIC's 12 CFR part 341 
implement these provisions of the Act. To accomplish the registration 
of transfer agents, Form TA- 1 was developed in 1975 as an interagency 
effort by the Securities and Exchange Commission (SEC) and the 
agencies. The agencies primarily use the data collected on Form TA-1 to 
determine whether an application for registration should be approved, 
denied, accelerated or postponed, and they use the data in connection 
with their supervisory responsibilities. FDIC is revising this 
information collection to include the burden associated with the 
reporting requirement related to the transfer agent deregistration form 
(Form TA-W) currently cleared under OMB Control Number 3064-0027. The 
intention is to create a combined ICR that covers both the transfer 
agent registration and amendment form, and the transfer agent 
deregistration form. This combined ICR will retain the Office of 
Management and Budget (OMB) number OMB No. 3064-0026. The FDIC plans to 
discontinue OMB No. 3064-0027 once the combined OMB No. 3064-0026 is 
approved. This action will streamline the ICR process and contribute to 
enhanced operational efficiency of the FDIC.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is the result of economic 
fluctuation. In particular, the decline in the estimated overall

[[Page 51416]]

annual time burden from 2 hours in 2020 and 2021 to 1 hour in 2022.
    2. Title: Application for a Bank to Establish a Branch or Move its 
Main Office or Branch.
    OMB Number: 3064-0070.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

                                                           Summary of Estimated Annual Burden
                                                                   [OMB No. 3064-0070]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             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 for consent to reduce or   Reporting (Mandatory)...  On Occasion............             436           1.461               5           3,185
 retire capital.
                                                                                         ---------------------------------------------------------------
    Estimated Total Annual Burden....  ........................  .......................  ..............  ..............  ..............           3,185
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: Section 18(d) of the Federal 
Deposit Insurance Act (12 U.S.C. 1828(d) (FDI Act) provides that no 
FDIC insured state nonmember bank or state savings association shall 
establish and operate any new domestic branch or move its main office 
or any such branch from one location to another without the prior 
written consent of the FDIC. In granting or withholding consent to the 
applicant, FDIC considers: (a) The financial history and condition of 
the depository institution; (b) the adequacy of its capital structure; 
(c) its future earnings prospects; (d) the general character and 
fitness of its management; (e) the risk presented by the depository 
institution to the Deposit Insurance Fund; (f) the convenience and 
needs of the community to be served; and (g) whether its corporate 
powers are consistent with the purposes of the FDI Act. FDIC 
regulations found at 12 CFR 303, subpart C, specify the steps that 
respondents must take to comply with the statutory mandate.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is the result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response and frequency of responses have remained 
the same.
    3. Title: Application for Consent to Reduce or Retire Capital.
    OMB Number: 3064-0079.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0079]
----------------------------------------------------------------------------------------------------------------
                                                                                     Estimated         Total
  Information collection (IC)    Type of burden      Estimated       Number of       time per        estimated
          description            (obligation to      number of     responses per     response      annual burden
                                    respond)        respondents     respondent        (hours)         (hours)
----------------------------------------------------------------------------------------------------------------
Application for consent to      Reporting                     74            1.36              11           1,107
 reduce or retire capital.       (Required to
                                 Obtain or
                                 Retain a
                                 Benefit).
                                                 ---------------------------------------------------------------
    Estimated Total Annual      ................  ..............  ..............  ..............           1,107
     Burden.
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: Insured state nonmember banks 
proposing to change their capital structure must submit an application 
containing information about the proposed change to obtain FDIC's 
consent to reduce or retire capital.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is the result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response and frequency of responses have remained 
the same.
    4. Title: Appraisals for Higher-Priced Mortgage Loans.
    OMB Number: 3064-0188.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

                                              Estimated Number of Respondents and Responses per Respondent
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Estimated
                                           Type of burden                                    Estimated     annual number                     Estimated
     Item          IC description           (frequency of        Obligation to  respond    annual number   of responses   Estimated time  annual  burden
                      (section)               response)                                   of respondents        per        per response        hours
                                                                                                            respondent
--------------------------------------------------------------------------------------------------------------------------------------------------------
1............  Disclose to an          Third-party Disclosure  Mandatory................           3,018           14.54           0.017             746
                applicant for an HPML   (On Occasion).
                that the institution
                may obtain an
                appraisal for the
                property, 12 CFR part
                1026.35(c)(5)(i).
2............  Provide a copy of       Third-party Disclosure  Mandatory................           3,018           15.34            0.14           6,481
                written appraisal to    (On Occasion).
                the consumer, 12 CFR
                part 1026.35(c)(6)(i).
--------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 51417]]


                                         Estimated Number of Respondents and Responses per Respondent--Continued
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Estimated
                                           Type of burden                                    Estimated     annual number                     Estimated
     Item          IC description           (frequency of        Obligation to  respond    annual number   of responses   Estimated time  annual  burden
                      (section)               response)                                   of respondents        per        per response        hours
                                                                                                            respondent
--------------------------------------------------------------------------------------------------------------------------------------------------------
3............  Provide documentation   Third-party Disclosure  Optional.................           3,018            0.74           0.083             185
                of the property value   (On Occasion).
                to the consumer in
                lieu of an appraisal,
                12 CFR Part
                1026.35(c)(2)(viii)(B
                ).
                                                                                         ---------------------------------------------------------------
                  Total Estimated      ......................  .........................  ..............  ..............  ..............           7,412
                   Annual Burden
                   Hours:.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: Section 1471 of the Dodd-Frank 
Act established a new Truth in Lending (TILA) section 129H, which 
contains appraisal requirements applicable to higher-risk mortgages and 
prohibits a creditor from extending credit in the form of a higher-risk 
mortgage loan to any consumer without meeting those requirements. A 
higher-risk mortgage is defined as a residential mortgage loan secured 
by a principal dwelling with an annual percentage rate (APR) that 
exceeds the average prime offer rate (APOR) for a comparable 
transaction as of the date the interest rate is set by certain 
enumerated percentage point spreads. The rule requires that, within 
three days of application, a creditor provide a disclosure that informs 
consumers regarding the purpose of the appraisal, that the creditor 
will provide the consumer a copy of any appraisal, and that the 
consumer may choose to have a separate appraisal conducted at the 
expense of the consumer. If a loan meets the definition of a higher-
risk mortgage loan, then the creditor would be required to obtain a 
written appraisal prepared by a certified or licensed appraiser who 
conducts a physical visit of the interior of the property that will 
secure the transaction, and send a copy of the written appraisal to the 
consumer. To qualify for the safe harbor provided under the rule, a 
creditor is required to review the written appraisal as specified in 
the text of the rule and appendix A. If a loan is classified as a 
higher-risk mortgage loan that will finance the acquisition of the 
property to be mortgaged, and the property was acquired within the 
previous 180 days by the seller at a price that was lower than the 
current sale price, then the creditor is required to obtain an 
additional appraisal. A creditor is required to provide the consumer a 
copy of the appraisal reports performed in connection with the loan, 
without charge, at least days prior to consummation of the loan.
    FDIC is revising this information collection to fully account for 
the scope of PRA burden delineated in Part 1036.35(c). As a result, two 
new items have been added to the burden table; two items previously 
listed separately have been combined into a single item; and one item, 
associated with Part 1026.35(c)(4)(iv), was deemed to not impose any 
additional recordkeeping, disclosure or reporting requirements, has 
been removed from the table. As a result of these revisions, the 
estimated annual burden has increased from 4,044 hours to 7,412 hours. 
The following is a summary of the revisions:
     The 2019 ICR did not include a line item associated with 
the disclosure requirement in Part 1026.35(c)(5)(i), which requires 
institutions to disclose the following statement, in writing, to a 
consumer who applies for a higher-priced mortgage loan (HPML): ``We may 
order an appraisal to determine the property's value and charge you for 
this appraisal. We will give you a copy of any appraisal, even if your 
loan does not close. You can pay for an additional appraisal for your 
own use at your own cost.'' FDIC has added a line item associated with 
this requirement to the burden table for the 2022 renewal.
     The 2019 ICR did not include a line item associated with 
Part 1026.35(c)(2)(viii)(B), which exempts institutions from the 
appraisal requirements for HPMLs secured by a manufactured home and not 
land if the institution obtains, and provides to the consumer no later 
than three business days prior to the consummation of the transaction, 
either: (1) For a new manufactured home, the manufacturer's invoice for 
the manufactured home securing the transaction, provided that the date 
of manufacture is no earlier than 18 months prior to the creditor's 
receipt of the consumer's application for credit; (2) A cost estimate 
of the value of the manufactured home securing the transaction obtained 
from an independent cost service provider, or; (3) A valuation of the 
manufactured home performed by a person who has no direct or indirect 
interest, financial or otherwise, in the property or transaction for 
which the valuation is performed and has training in valuing 
manufactured homes. FDIC has added a line item associated with this 
disclosure requirement to the burden table for the 2022 renewal.
     The 2019 ICR included two separate line items related to 
the disclosure requirement in Part 1026.35(c)(6)(i) for an institution 
to provide a copy to the applicant of any appraisal obtained pursuant 
to Parts 1026.35(c)(3) and 1026.35(c)(4). The 2019 ICR included one 
line item for the disclosure requirements for appraisals obtained 
pursuant to Part 1026.35(c)(3) and another for appraisals obtained 
pursuant to Part 1026.35(c)(4). FDIC has combined these two line items 
into a single line item for the 2022 renewal.
     The 2019 ICR included a line item associated with the 
requirement in Part 1026.35(c)(4)(iv) for one of the two appraisals for 
a property for which two appraisals are required under Part 
1026.(c)4(i) to include an analysis of: (1) The difference between the 
price at which the seller acquired the property and the price that the 
consumer is obligated to pay to acquire the property, as specified in 
the consumer's agreement to acquire the property from the seller; (2) 
Changes in market conditions between the date the seller acquired the 
property and the date of the consumer's agreement to acquire the 
property; and (3) Any improvements made to the property between the 
date the seller acquired the property and the date of the consumer's 
agreement to acquire the property. FDIC has determined that Part 
1026.35(c)(4)(iv) does not impose any additional recordkeeping, 
disclosure, or reporting requirements on members of the public and has 
removed the line item associated with this requirement from the burden 
table for the 2022 renewal.

Request for Comment

    Comments are invited on: (a) Whether the collections of information 
are 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 collections, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and

[[Page 51418]]

clarity of the information to be collected; and (d) ways to minimize 
the burden of the collections 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, August 16, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-17948 Filed 8-19-22; 8:45 am]
BILLING CODE 6714-01-P