Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 84136-84139 [2024-24256]
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Federal Register / Vol. 89, No. 203 / Monday, October 21, 2024 / Notices
the PRA. The information collection
requirements are found in §§ 373.4, 373,
373.6, 373.7, 373.8, 373.9, 373.10,
373.11, 373.13, 373.15, 373.16, 373.17,
373.18, and 373.19(g). The
recordkeeping requirements relate
primarily to (1) the adoption and
maintenance of various policies and
procedures to ensure and monitor
compliance with regulatory
requirements; and (2) certifications,
including as to the effectiveness of
internal supervisory controls. The
required disclosures for each risk
retention option are intended to provide
investors with material information
concerning the sponsor’s retained
interest in a securitization transaction
(e.g., the amount, form and nature of the
retained interest, material assumptions
and methodology, representations and
warranties). Compliance with the
information collection requirements is
mandatory, responses to the information
collections will not be kept confidential
and, with the exception of the
recordkeeping requirements in
§§ 373.4(d), 373.5(k)(3), and 373.15(d),
the Rule does not specify a mandatory
retention period for the information.
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
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, on October 15,
2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024–24259 Filed 10–18–24; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0028; –0109; –0124; –0134;
–0162; –0179; –0195]
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:
The FDIC, as part of its
obligations under the Paperwork
Reduction Act of 1995, 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.
3064–0028, –0109, –0124, –0134, –0162,
–0179 and –0195). The notices of
proposed renewal for these information
collections were previously published
in the Federal Register on August 21,
2024, and September 9, 2024, allowing
for a 60-day comment period.
DATES: Comments must be submitted on
or before November 20, 2024.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
SUMMARY:
• 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
(located on F Street NW), on business
days between 7:00 a.m. and 5:00 p.m.
Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
FOR FURTHER INFORMATION CONTACT:
Manny Cabeza, Regulatory Counsel,
202–898–3767, mcabeza@fdic.gov, MB–
3128, Federal Deposit Insurance
Corporation, 550 17th Street NW,
Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently approved collection of
information:
1. Title: Recordkeeping and
Confirmation Requirements for
Securities Transactions.
OMB Number: 3064–0028.
Form Number: None.
Affected Public: FDIC-Insured
Institutions and Certain Employees of
the FDIC-Insured Institutions.
Burden Estimate:
SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0028)
Information collection (IC)
(obligation to respond)
Type of burden
(frequency of response)
1. Maintain Securities Trading Policies and Procedures, 12 CFR 344.8
(Mandatory).
2. Officer/Employee Filing of Reports of Personal Securities Trading, 12
CFR 344.9 (Mandatory).
Recordkeeping (On Occasion) .......
Total Annual Burden (Hours) .............................................................
.........................................................
Number of
respondents
Number of
responses per
respondent
Time per
response
(HH:MM)
632
1
1:00
632
1,896
4
1:00
7,584
....................
........................
................
8,216
Third Party Disclosure (On Occasion).
Annual
burden
(hours)
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Source: FDIC.
General Description of Collection: The
collection of information requirements
is contained in 12 CFR part 344. The
purpose of the regulation is to ensure
that purchasers of securities in
transactions affected by insured State
nonmember banks are provided with
adequate records concerning the
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transactions. The regulation is also
designed to ensure that insured State
nonmember banks maintain adequate
records and controls with respect to the
securities transactions they effect.
Finally, this regulation requires officers
and employees of FDIC-supervised
institutions to report to the FDIC-
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supervised institution certain personal
securities trading activity. There is no
change in the methodology or substance
of this information collection. The
decrease in total estimated annual
burden from 8,583 hours in 2021 to
8,216 hours currently is due to a
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Federal Register / Vol. 89, No. 203 / Monday, October 21, 2024 / Notices
decrease in estimated number of
respondents.
2. Title: Notice of Branch Closure.
OMB Number: 3064–0109.
Form Number: None.
Affected Public: FDIC-insured
depository institutions.
Burden Estimate:
SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0109)
Number of
respondents
Number of
responses per
respondent
Time per
response
(HH:MM)
Reporting (On Occasion) ................
Disclosure (On Occasion) ...............
276
276
2.99
2.99
00:30
1:30
413
1,238
Recordkeeping (Annual) .................
18
1
08:00
144
.........................................................
....................
........................
................
1,795
Information collection (IC)
(obligation to respond)
Type of burden
(frequency of response)
1. Notice of Branch Closure to FDIC, 12 U.S.C. 1831r–(a) (Mandatory)
2. Notice of Branch Closure to Customers, 12 U.S.C. 1831r–(b) (Mandatory).
3. Adoption of Branch Closure Policy, 12 U.S.C. 1831r–1 (Mandatory) ..
Total Annual Burden (Hours) .............................................................
Annual
burden
(hours)
Source: FDIC.
General Description of Collection:
Section 42 of the Federal Deposit
Insurance Act mandates that an insured
depository institution closing a branch
notify its primary Federal regulator not
later than 90 days prior to the closing.
The statute also provides that a notice
be posted on the premises of the branch
for the 30-day period immediately prior
to the closing and that the customers be
notified in a mailing at least 90 days
prior to the closing. Each insured
depository institution that has one or
more branches is required to adopt a
written policy for branch closings.
There is no change in the methodology
or substance of this information
collection. The increase in total
estimated annual burden from 1,738
hours in 2021 to 1,795 hours currently
is due to an increase in estimated
number or respondents.
3. Title: Notice of Branch Closure.
OMB Number: 3064–0124.
Form Number: None.
Affected Public: Insured depository
institutions.
Burden Estimate:
SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0124)
Number of
respondents
Number of
responses per
respondent
Time per
response
(HH:MM)
Reporting (On occasion) .................
162
1
1:00
162
Disclosure (On occasion) ................
12
1
2:00
24
Information collection (IC)
(obligation to respond)
Type of burden
(frequency of response)
Certification of Assumption of Deposit Liabilities 12 CFR 307.2 (Mandatory).
Notice to Depositors 12 CFR 307.3 (Mandatory) .....................................
Total Annual Burden (Hours) .............................................................
Annual
burden
(hours)
186.
Source: FDIC.
General Description of Collection:
This information collection consists of
two parts: (1) a certification that insured
depository institutions provide the FDIC
when all deposit liabilities from one
insured depository institution are
assumed from another insured
depository institution, with the latter
institution responsible for providing the
certification; and (2) a notification that
an insured depository institution
provides to its depositors when it seeks
to voluntarily terminate its insured
status. The certification is necessary to
implement the provisions of section 8(q)
of the Federal Deposit Insurance Act, 12
U.S.C. 1818(q), regarding termination of
the insured status of the transferring
institution and termination of the
separate deposit insurance coverage
provided on deposit accounts assumed
by the assuming institution. The
depositor notification is required by
section 8(a)(6) of the Federal Deposit
Insurance Act, 12 U.S.C. 1818(a)(6).
This provision ensures that the
institution’s depositors receive
appropriate information regarding the
institution’s intent to terminate its
insured status and that, prior to the
termination of the institution’s insured
status, depositors receive appropriate
information concerning Federal deposit
insurance coverage of their accounts
once the institution’s insured status is
terminated. There is no change in the
methodology or substance of this
information collection. The decrease in
total estimated annual burden from 256
in 2021 to 186 currently is due to a
change in the estimated number or
respondents.
4. Title: Extension without change of
a currently approved collection.
OMB Number: 3064–0134.
Form Number: 6422/04; 6422/11;
6422/15
Affected Public: Individuals,
Households, Business or Financial
Institutions.
Burden Estimate:
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SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0134)
Number of
respondents
Number of
responses per
respondent
Time per
response
(HH:MM)
Reporting (On Occasion) ................
Reporting (On Occasion) ................
Reporting (On Occasion) ................
8,566
1,191
1,465
1
1
1
00:15
00:15
00:15
2,142
298
366
.........................................................
....................
........................
................
2,806
Information collection (IC)
(obligation to respond)
Type of burden
(frequency of response)
1. Customer Assistance Form (6422/04) (Voluntary) ...............................
2. Business Assistance Form (6422/11) (Voluntary) ................................
3. FDIC Deposit Insurance Form (6422/15) (Voluntary) ...........................
Total Annual Burden (Hours) .............................................................
Source: FDIC.
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Annual
burden
(hours)
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Federal Register / Vol. 89, No. 203 / Monday, October 21, 2024 / Notices
General Description of Collection:
This collection facilitates the collection
of information from customers of
financial institutions that have inquiries
or complaints about service. Customers
or businesses may document their
complaints or inquiries to the FDIC
using a letter or optional forms (Form
6422/04, Form 6422/11, Form 6422/15).
The forms are used to facilitate online
completion and submission of the
complaints or inquiries and to shorten
FDIC response times by making it easier
to identify the nature of the complaint
and to route the customer or business
inquiry to the appropriate FDIC contact.
There is no change in the methodology
or substance of this information
collection. The increase in total
estimated annual burden from 1,468 in
2021 to 2,806 currently is due to an
increase in the estimated number or
respondents.
5. Title: Large-Bank Deposit Insurance
Programs.
OMB Number: 3064–0162.
Form Number: None.
Affected Public: Insured depository
institutions having at least $2 billion in
deposits and at least either (a) 250,000
Deposit accounts; or (b) $20 billion in
total assets, regardless of the number of
deposit accounts (a ‘‘covered
institution’’).
Burden Estimate:
SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0162)
Number of
respondents
Number of
responses per
respondent
Time per
response
(HH:MM)
Recordkeeping (One time) ..............
8
1
150:00
1,200
Recordkeeping (One time) ..............
8
1
110:00
880
Reporting (One time) ......................
8
1
8:00
64
Reporting (On Occasion) ................
8
1
40:00
320
Reporting (On Occasion) ................
1
1
20:00
20
Reporting (On Occasion) ................
1
1
20:00
20
Reporting (On Occasion) ................
Reporting (Annual) ..........................
1
123
1
1
20:00
8:00
20
984
Reporting (On Occasion) ................
1
1
20:00
20
Reporting (On Occasion) ................
Reporting (Annual) ..........................
1
30
1
1
20:00
80:00
20
2,400
.........................................................
....................
........................
................
5,948
Information collection (IC)
(obligation to respond)
Type of burden
(frequency of response)
1. Posting and removing provisional holds—Implementation—12 CFR
360.9(c)(1) and (2) (Mandatory).
2. Providing standard data format for deposit account and customer information—Implementation—12 CFR 360.9(d)(1) (Mandatory).
3. Notification of identity of person responsible for producing standard
data downloads—Implementation—12 CFR 360.9(c)(3) (Mandatory).
4. Provide deposit account and customer information in required standard format—Implementation—12 CFR 360.9(d)(3) (Mandatory).
5. Request for exemption from provisional hold requirements—Implementation—12 CFR 360.9(c)(9) (Voluntary).
6. Request for extension of compliance deadline—Implementation—12
CFR 360.9(e)(7) (Voluntary).
7. Request for exemption—Implementation 12 CFR 360.9(f) (Voluntary)
8. Notification of identity of person responsible for producing standard
data downloads—Ongoing—12 CFR 360.9(c)(3) (Mandatory).
9. Request for exemption from provisional hold requirements—Ongoing—12 CFR 360.9(c)(9) (Voluntary).
10. Request for exemption—Ongoing—12 CFR 360.9(f) (Voluntary) ......
11. Test compliance with 12 CFR 360.9 (c)–(d) pursuant to 12 CFR
360.9(h)—Ongoing—12 CFR 360.9 (h) (Mandatory).
Total Annual Burden (Hours) .............................................................
Annual
burden
(hours)
Source: FDIC.
General Description of Collection:
Upon the failure of an FDIC-insured
depository institution, the FDIC is
required to pay insured deposits as soon
as possible. To do so, the FDIC must be
able to quickly determine the total
insured amount for each depositor. To
make this determination, the FDIC must
ascertain the balances of all deposit
accounts owned by the same depositor
in the same ownership capacity at a
failed institution as of the day of failure.
The FDIC issued a regulation (12 CFR
360.9) to modernize the process of
determining the insurance status of each
depositor in the event of failure of a
covered institution. The regulations
enable operations of a large insured
depository institution to continue
functioning on the day following failure,
support the FDIC’s efforts to fulfill its
legal mandates regarding the resolution
of failed insured deposit institutions,
and apply to the largest institutions only
($2 billion in domestic deposits or
more). More specifically, the regulations
require the largest insured depository
institutions to adopt mechanisms that
would, in the event of the institution’s
failure (1) provide the FDIC with
standard deposit account and customer
information, and (2) allow the FDIC to
place and release holds on liability
accounts, including deposits. There is
no change in the methodology or
substance of this information collection.
The decrease in total estimated annual
burden from 6,464 hours in 2021 to
5,948 hours currently is due to a
decrease in estimated number of
respondents.
6. Title: Assessment Rate Adjustment
Guidelines for Large and Highly
Complex Institutions.
OMB Number: 3064–0179.
Form Number: None.
Affected Public: Large and highly
complex depository institutions.
Burden Estimate:
SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0179)
lotter on DSK11XQN23PROD with NOTICES1
Information collection (IC)
(obligation to respond)
Number of
respondents
Number of
responses per
respondent
Time per
response
(HH:MM)
Reporting (On Occasion) ................
1
1
80:00
80
.........................................................
....................
........................
................
80
Type of burden
(frequency of response)
1. Assessment Rate Adjustment Guidelines for Large and Highly Complex Institutions, 12 CFR 327 (Required to obtain or retain benefits).
Total Annual Burden (Hours) .............................................................
Source: FDIC.
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Annual
burden
(hours)
84139
Federal Register / Vol. 89, No. 203 / Monday, October 21, 2024 / Notices
General Description of Collection: The
FDIC’s deposit insurance assessment
authority is set forth in section 7 of the
Federal Deposit Insurance Act, 12
U.S.C. 1817(b) and (c), and promulgated
in regulations under 12 CFR part 327.
These regulations also set out the
process for making adjustments to the
total score of these institutions used by
the FDIC in making deposit insurance
assessments. Depository institutions are
permitted to make a written request to
the FDIC for an assessment adjustment.
An institution is able to request review
of, or appeal, an upward adjustment, the
magnitude of an upward adjustment,
removal of a previously implemented
downward adjustment, or an increase in
a previously implemented upward
adjustment through the FDIC’s internal
review process set forth at 12 CFR
327.4(c). An institution can similarly
request review of, or appeal, a decision
not to apply an adjustment following a
request by the institution for an
adjustment. An institution can submit
its written request for an adjustment to
the FDIC’s Director of the Division of
Insurance and Research in Washington,
DC. In making such a request, the
institution will provide support by
including evidence of a material risk or
risk mitigating factor that it believes was
not adequately considered. There is no
change in the methodology or substance
of this information collection. The
decrease in total estimated annual
burden from 160 hours in 2021 to 80
hours currently is due to a decrease in
estimated number or respondents.
7. Title: Minimum Requirements for
Appraisal Management Companies.
OMB Number: 3064–0195.
Form Number: None.
Affected Public: Individuals or
households; business or other for profit.
Burden Estimate:
SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0195)
Number of
respondents
Number of
responses per
respondent
Time per
response
(HH:MM)
Disclosure (On occasion) ................
8,481
1
00:05
707
Recordkeeping (On occasion) ........
1
1
40:00
40
Disclosure (On occasion) ................
1,206
1
01:00
1,206
Disclosure (On occasion) ................
38
1
01:00
38
.........................................................
....................
........................
................
1,991
Information collection (IC)
(obligation to respond)
Type of burden
(frequency of response)
1. Written Notice of Appraiser Removal from Network or Panel, 12 CFR
323.10 (Mandatory).
2. Develop and Maintain a State Licensing Program, 12 CFR 323.11(a)
and (b) (Mandatory).
3. AMC Disclosure Requirements (State-regulated AMCs), 12 CFR
323.12 (Mandatory).
4. AMC Disclosure Requirements (Federally regulated AMCs), 12 CFR
323.13(c) (Mandatory).
Total Annual Burden (Hours) .............................................................
Annual
burden
(hours)
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Source: FDIC.
General Description of Collection:
This information collection comprises
recordkeeping and disclosure
requirements under regulations issued
by the (FDIC, jointly with the Office of
the Comptroller of the Currency, the
Board of Governors of the Federal
Reserve System, the National Credit
Union Administration, the Bureau of
Consumer Financial Protection, and the
Federal Home Finance Agency that
implement the minimum requirements
in section 1473 of the Dodd-Frank Wall
Street Reform and Consumer Protection
Act (Dodd-Frank Act) to be applied by
States in the registration and
supervision of appraisal management
companies (AMCs). The regulations also
implement the requirement in section
1473 of the Dodd-Frank Act for States to
report to the Appraisal Subcommittee of
the Federal Financial Institutions
Examination Council the information
required by the ASC to administer the
new national registry of AMCs. The
information collection requirements are
established in 12 CFR part 323 of the
FDIC’s codified regulations. There is no
change in the methodology or substance
of this information collection. The
decrease in total estimated annual
burden from 2,457 in 2021 to 1,991
currently is due to a change in the
estimated number or respondents.
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Request for Comment
FEDERAL MARITIME COMMISSION
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.
[Docket No. 24–08]
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on October 15,
2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024–24256 Filed 10–18–24; 8:45 am]
BILLING CODE 6714–01–P
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TZ SSE Buyer, LLC, Complainant v.
Orient Overseas Container Line
Limited and OOCL (Europe) Limited,
Respondents; Notice of Filing of
Amended Complaint
Served: October 15, 2024.
Notice is given that an amended
complaint has been filed with the
Federal Maritime Commission (the
‘‘Commission’’) by TZ SSE Buyer, LLC
(the ‘‘Complainant’’) against Orient
Overseas Container Line Limited and
OOCL (Europe) Limited (the
‘‘Respondents’’). Complainant states
that the Commission has jurisdiction
over the amended complaint pursuant
to 46 U.S.C. 41301 through 41309 and
personal jurisdiction over the
Respondents as ocean common carriers,
as defined in 46 U.S.C. 40102(18), that
entered into service contracts, as
defined in 46 U.S.C. 40102(21), with the
original complainants.
Complainant is a Delaware limited
liability company with a principal place
of business in Toledo, Ohio. Impact
Products, LLC and Safety Zone, LLC
(the ‘‘original complainants’’) filed the
verified complaint in this proceeding on
February 7, 2024, and subsequently
filed for Chapter 11 bankruptcy and sold
the claims asserted in this proceeding to
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]]>Agencies
[Federal Register Volume 89, Number 203 (Monday, October 21, 2024)]
[Notices]
[Pages 84136-84139]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-24256]
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0028; -0109; -0124; -0134; -0162; -0179; -0195]
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, 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.
3064-0028, -0109, -0124, -0134, -0162, -0179 and -0195). The notices of
proposed renewal for these information collections were previously
published in the Federal Register on August 21, 2024, and September 9,
2024, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before November 20, 2024.
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.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
to www.reginfo.gov/public/do/PRAMain. Find this particular information
collection by selecting ``Currently under 30-day Review--Open for
Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, [email protected], MB-3128, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collection of
information:
1. Title: Recordkeeping and Confirmation Requirements for
Securities Transactions.
OMB Number: 3064-0028.
Form Number: None.
Affected Public: FDIC-Insured Institutions and Certain Employees of
the FDIC-Insured Institutions.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0028)
----------------------------------------------------------------------------------------------------------------
Number of Time per Annual
Information collection (IC) Type of burden Number of responses per response burden
(obligation to respond) (frequency of response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
1. Maintain Securities Trading Recordkeeping (On 632 1 1:00 632
Policies and Procedures, 12 CFR Occasion).
344.8 (Mandatory).
2. Officer/Employee Filing of Reports Third Party Disclosure 1,896 4 1:00 7,584
of Personal Securities Trading, 12 (On Occasion).
CFR 344.9 (Mandatory).
--------------------------------------------------------------------------
Total Annual Burden (Hours)...... ....................... ........... .............. ......... 8,216
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection: The collection of information
requirements is contained in 12 CFR part 344. The purpose of the
regulation is to ensure that purchasers of securities in transactions
affected by insured State nonmember banks are provided with adequate
records concerning the transactions. The regulation is also designed to
ensure that insured State nonmember banks maintain adequate records and
controls with respect to the securities transactions they effect.
Finally, this regulation requires officers and employees of FDIC-
supervised institutions to report to the FDIC-supervised institution
certain personal securities trading activity. There is no change in the
methodology or substance of this information collection. The decrease
in total estimated annual burden from 8,583 hours in 2021 to 8,216
hours currently is due to a
[[Page 84137]]
decrease in estimated number of respondents.
2. Title: Notice of Branch Closure.
OMB Number: 3064-0109.
Form Number: None.
Affected Public: FDIC-insured depository institutions.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0109)
----------------------------------------------------------------------------------------------------------------
Number of Time per Annual
Information collection (IC) Type of burden Number of responses per response burden
(obligation to respond) (frequency of response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
1. Notice of Branch Closure to FDIC, Reporting (On Occasion) 276 2.99 00:30 413
12 U.S.C. 1831r-(a) (Mandatory).
2. Notice of Branch Closure to Disclosure (On 276 2.99 1:30 1,238
Customers, 12 U.S.C. 1831r-(b) Occasion).
(Mandatory).
3. Adoption of Branch Closure Policy, Recordkeeping (Annual). 18 1 08:00 144
12 U.S.C. 1831r-1 (Mandatory).
--------------------------------------------------------------------------
Total Annual Burden (Hours)...... ....................... ........... .............. ......... 1,795
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection: Section 42 of the Federal
Deposit Insurance Act mandates that an insured depository institution
closing a branch notify its primary Federal regulator not later than 90
days prior to the closing. The statute also provides that a notice be
posted on the premises of the branch for the 30-day period immediately
prior to the closing and that the customers be notified in a mailing at
least 90 days prior to the closing. Each insured depository institution
that has one or more branches is required to adopt a written policy for
branch closings. There is no change in the methodology or substance of
this information collection. The increase in total estimated annual
burden from 1,738 hours in 2021 to 1,795 hours currently is due to an
increase in estimated number or respondents.
3. Title: Notice of Branch Closure.
OMB Number: 3064-0124.
Form Number: None.
Affected Public: Insured depository institutions.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0124)
----------------------------------------------------------------------------------------------------------------
Number of Time per Annual
Information collection (IC) Type of burden Number of responses per response burden
(obligation to respond) (frequency of response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
Certification of Assumption of Reporting (On occasion) 162 1 1:00 162
Deposit Liabilities 12 CFR 307.2
(Mandatory).
Notice to Depositors 12 CFR 307.3 Disclosure (On 12 1 2:00 24
(Mandatory). occasion).
--------------------------------------------------------------------------
Total Annual Burden (Hours)...... 186....................
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection: This information collection
consists of two parts: (1) a certification that insured depository
institutions provide the FDIC when all deposit liabilities from one
insured depository institution are assumed from another insured
depository institution, with the latter institution responsible for
providing the certification; and (2) a notification that an insured
depository institution provides to its depositors when it seeks to
voluntarily terminate its insured status. The certification is
necessary to implement the provisions of section 8(q) of the Federal
Deposit Insurance Act, 12 U.S.C. 1818(q), regarding termination of the
insured status of the transferring institution and termination of the
separate deposit insurance coverage provided on deposit accounts
assumed by the assuming institution. The depositor notification is
required by section 8(a)(6) of the Federal Deposit Insurance Act, 12
U.S.C. 1818(a)(6). This provision ensures that the institution's
depositors receive appropriate information regarding the institution's
intent to terminate its insured status and that, prior to the
termination of the institution's insured status, depositors receive
appropriate information concerning Federal deposit insurance coverage
of their accounts once the institution's insured status is terminated.
There is no change in the methodology or substance of this information
collection. The decrease in total estimated annual burden from 256 in
2021 to 186 currently is due to a change in the estimated number or
respondents.
4. Title: Extension without change of a currently approved
collection.
OMB Number: 3064-0134.
Form Number: 6422/04; 6422/11; 6422/15
Affected Public: Individuals, Households, Business or Financial
Institutions.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0134)
----------------------------------------------------------------------------------------------------------------
Number of Time per Annual
Information collection (IC) Type of burden Number of responses per response burden
(obligation to respond) (frequency of response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
1. Customer Assistance Form (6422/04) Reporting (On Occasion) 8,566 1 00:15 2,142
(Voluntary).
2. Business Assistance Form (6422/11) Reporting (On Occasion) 1,191 1 00:15 298
(Voluntary).
3. FDIC Deposit Insurance Form (6422/ Reporting (On Occasion) 1,465 1 00:15 366
15) (Voluntary).
--------------------------------------------------------------------------
Total Annual Burden (Hours)...... ....................... ........... .............. ......... 2,806
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
[[Page 84138]]
General Description of Collection: This collection facilitates the
collection of information from customers of financial institutions that
have inquiries or complaints about service. Customers or businesses may
document their complaints or inquiries to the FDIC using a letter or
optional forms (Form 6422/04, Form 6422/11, Form 6422/15). The forms
are used to facilitate online completion and submission of the
complaints or inquiries and to shorten FDIC response times by making it
easier to identify the nature of the complaint and to route the
customer or business inquiry to the appropriate FDIC contact. There is
no change in the methodology or substance of this information
collection. The increase in total estimated annual burden from 1,468 in
2021 to 2,806 currently is due to an increase in the estimated number
or respondents.
5. Title: Large-Bank Deposit Insurance Programs.
OMB Number: 3064-0162.
Form Number: None.
Affected Public: Insured depository institutions having at least $2
billion in deposits and at least either (a) 250,000 Deposit accounts;
or (b) $20 billion in total assets, regardless of the number of deposit
accounts (a ``covered institution'').
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0162)
----------------------------------------------------------------------------------------------------------------
Number of Time per Annual
Information collection (IC) Type of burden Number of responses per response burden
(obligation to respond) (frequency of response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
1. Posting and removing provisional Recordkeeping (One 8 1 150:00 1,200
holds--Implementation--12 CFR time).
360.9(c)(1) and (2) (Mandatory).
2. Providing standard data format for Recordkeeping (One 8 1 110:00 880
deposit account and customer time).
information--Implementation--12 CFR
360.9(d)(1) (Mandatory).
3. Notification of identity of person Reporting (One time)... 8 1 8:00 64
responsible for producing standard
data downloads--Implementation--12
CFR 360.9(c)(3) (Mandatory).
4. Provide deposit account and Reporting (On Occasion) 8 1 40:00 320
customer information in required
standard format--Implementation--12
CFR 360.9(d)(3) (Mandatory).
5. Request for exemption from Reporting (On Occasion) 1 1 20:00 20
provisional hold requirements--
Implementation--12 CFR 360.9(c)(9)
(Voluntary).
6. Request for extension of Reporting (On Occasion) 1 1 20:00 20
compliance deadline--Implementation--
12 CFR 360.9(e)(7) (Voluntary).
7. Request for exemption-- Reporting (On Occasion) 1 1 20:00 20
Implementation 12 CFR 360.9(f)
(Voluntary).
8. Notification of identity of person Reporting (Annual)..... 123 1 8:00 984
responsible for producing standard
data downloads--Ongoing--12 CFR
360.9(c)(3) (Mandatory).
9. Request for exemption from Reporting (On Occasion) 1 1 20:00 20
provisional hold requirements--
Ongoing--12 CFR 360.9(c)(9)
(Voluntary).
10. Request for exemption--Ongoing-- Reporting (On Occasion) 1 1 20:00 20
12 CFR 360.9(f) (Voluntary).
11. Test compliance with 12 CFR 360.9 Reporting (Annual)..... 30 1 80:00 2,400
(c)-(d) pursuant to 12 CFR 360.9(h)--
Ongoing--12 CFR 360.9 (h)
(Mandatory).
--------------------------------------------------------------------------
Total Annual Burden (Hours)...... ....................... ........... .............. ......... 5,948
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection: Upon the failure of an FDIC-
insured depository institution, the FDIC is required to pay insured
deposits as soon as possible. To do so, the FDIC must be able to
quickly determine the total insured amount for each depositor. To make
this determination, the FDIC must ascertain the balances of all deposit
accounts owned by the same depositor in the same ownership capacity at
a failed institution as of the day of failure. The FDIC issued a
regulation (12 CFR 360.9) to modernize the process of determining the
insurance status of each depositor in the event of failure of a covered
institution. The regulations enable operations of a large insured
depository institution to continue functioning on the day following
failure, support the FDIC's efforts to fulfill its legal mandates
regarding the resolution of failed insured deposit institutions, and
apply to the largest institutions only ($2 billion in domestic deposits
or more). More specifically, the regulations require the largest
insured depository institutions to adopt mechanisms that would, in the
event of the institution's failure (1) provide the FDIC with standard
deposit account and customer information, and (2) allow the FDIC to
place and release holds on liability accounts, including deposits.
There is no change in the methodology or substance of this information
collection. The decrease in total estimated annual burden from 6,464
hours in 2021 to 5,948 hours currently is due to a decrease in
estimated number of respondents.
6. Title: Assessment Rate Adjustment Guidelines for Large and
Highly Complex Institutions.
OMB Number: 3064-0179.
Form Number: None.
Affected Public: Large and highly complex depository institutions.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0179)
----------------------------------------------------------------------------------------------------------------
Number of Time per Annual
Information collection (IC) Type of burden Number of responses per response burden
(obligation to respond) (frequency of response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
1. Assessment Rate Adjustment Reporting (On Occasion) 1 1 80:00 80
Guidelines for Large and Highly
Complex Institutions, 12 CFR 327
(Required to obtain or retain
benefits).
--------------------------------------------------------------------------
Total Annual Burden (Hours)...... ....................... ........... .............. ......... 80
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
[[Page 84139]]
General Description of Collection: The FDIC's deposit insurance
assessment authority is set forth in section 7 of the Federal Deposit
Insurance Act, 12 U.S.C. 1817(b) and (c), and promulgated in
regulations under 12 CFR part 327. These regulations also set out the
process for making adjustments to the total score of these institutions
used by the FDIC in making deposit insurance assessments. Depository
institutions are permitted to make a written request to the FDIC for an
assessment adjustment. An institution is able to request review of, or
appeal, an upward adjustment, the magnitude of an upward adjustment,
removal of a previously implemented downward adjustment, or an increase
in a previously implemented upward adjustment through the FDIC's
internal review process set forth at 12 CFR 327.4(c). An institution
can similarly request review of, or appeal, a decision not to apply an
adjustment following a request by the institution for an adjustment. An
institution can submit its written request for an adjustment to the
FDIC's Director of the Division of Insurance and Research in
Washington, DC. In making such a request, the institution will provide
support by including evidence of a material risk or risk mitigating
factor that it believes was not adequately considered. There is no
change in the methodology or substance of this information collection.
The decrease in total estimated annual burden from 160 hours in 2021 to
80 hours currently is due to a decrease in estimated number or
respondents.
7. Title: Minimum Requirements for Appraisal Management Companies.
OMB Number: 3064-0195.
Form Number: None.
Affected Public: Individuals or households; business or other for
profit.
Burden Estimate:
Summary of Estimated Annual Burden (OMB No. 3064-0195)
----------------------------------------------------------------------------------------------------------------
Number of Time per Annual
Information collection (IC) Type of burden Number of responses per response burden
(obligation to respond) (frequency of response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
1. Written Notice of Appraiser Disclosure (On 8,481 1 00:05 707
Removal from Network or Panel, 12 occasion).
CFR 323.10 (Mandatory).
2. Develop and Maintain a State Recordkeeping (On 1 1 40:00 40
Licensing Program, 12 CFR 323.11(a) occasion).
and (b) (Mandatory).
3. AMC Disclosure Requirements (State- Disclosure (On 1,206 1 01:00 1,206
regulated AMCs), 12 CFR 323.12 occasion).
(Mandatory).
4. AMC Disclosure Requirements Disclosure (On 38 1 01:00 38
(Federally regulated AMCs), 12 CFR occasion).
323.13(c) (Mandatory).
--------------------------------------------------------------------------
Total Annual Burden (Hours)...... ....................... ........... .............. ......... 1,991
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection: This information collection
comprises recordkeeping and disclosure requirements under regulations
issued by the (FDIC, jointly with the Office of the Comptroller of the
Currency, the Board of Governors of the Federal Reserve System, the
National Credit Union Administration, the Bureau of Consumer Financial
Protection, and the Federal Home Finance Agency that implement the
minimum requirements in section 1473 of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (Dodd-Frank Act) to be applied by
States in the registration and supervision of appraisal management
companies (AMCs). The regulations also implement the requirement in
section 1473 of the Dodd-Frank Act for States to report to the
Appraisal Subcommittee of the Federal Financial Institutions
Examination Council the information required by the ASC to administer
the new national registry of AMCs. The information collection
requirements are established in 12 CFR part 323 of the FDIC's codified
regulations. There is no change in the methodology or substance of this
information collection. The decrease in total estimated annual burden
from 2,457 in 2021 to 1,991 currently is due to a change in the
estimated number or respondents.
Request for Comment
Comments are invited on (a) whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collection,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology. All
comments will become a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on October 15, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-24256 Filed 10-18-24; 8:45 am]
BILLING CODE 6714-01-P
