Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 13600-13602 [2025-04994]

Agencies

• FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 90, Number 56 (Tuesday, March 25, 2025)]
[Notices]
[Pages 13600-13602]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-04994]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0095; -0218]


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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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. 
3064-0095 and -0218).

DATES: Comments must be submitted on or before May 27, 2025.

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 a.m. and 5 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: Procedures for Monitoring Bank Protection Act Compliance.
    OMB Number: 3064-0095.
    Form Number: None.
    Affected Public: Insured State nonmember banks.
    Burden Estimate:

[[Page 13601]]



                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0095]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of     Average time
  Information Collection (IC)     (frequency of      Number of     responses per   per response    Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
1. Bank Protection Act          Recordkeeping                  9               1           16:00             144
 Compliance Program--            (Annual).
 Implementation, 12 CFR Part
 326 Subpart A (Mandatory).
2. Bank Protection Act          Recordkeeping               2882               1            6:00          17,292
 Compliance Program--Ongoing,    (Annual).
 12 CFR Part 326 Subpart A
 (Mandatory).
3. Procedures for monitoring    Recordkeeping                  9               1           32:00             288
 Bank Secrecy Act compliance--   (Annual).
 Implementation, 12 CFR
 326.8(b)(1) & (c) (Mandatory).
4. Procedures for monitoring    Recordkeeping               2882               1            8:00          23,056
 Bank Secrecy Act compliance--   (Annual).
 Ongoing, 12 CFR 326.8(b)(1) &
 (c) (Mandatory).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............          40,780
     (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: The collection implements 
recordkeeping requirements associated with the Bank Protection Act. The 
Bank Protection Act of 1968 (12 U.S.C. 1881-1884) requires each Federal 
supervisory agency to promulgate rules establishing minimum standards 
for security devices and procedures to discourage financial crime and 
to assist in the identification of persons who commit such crimes. To 
avoid the necessity of constantly updating a technology-based 
regulation, the FDIC takes a flexible approach to implementing this 
statute. It requires each insured nonmember bank to designate a 
security officer who will administer a written security program. The 
security program must (1) establish procedures for opening and closing 
for business and for safekeeping valuables; (2) establish procedures 
that will assist in identifying persons committing crimes against the 
bank; (3) provide for initial and periodic training of employees in 
their responsibilities under the security program; and (4) provide for 
selecting, testing, operating and maintaining security devices as 
prescribed in the regulation. In addition, the FDIC requires the 
security officer to report at least annually to the bank's board of 
directors on the effectiveness of the security program. There is no 
change in the method or substance of the collection. The 9,670-hour 
decrease in burden is the result of the elimination of acquiring 
institutions as respondents, revisions to estimates of the time per 
response, as well as a decline in the number of FDIC-supervised 
institutions.
    2. Title: Ombudsman Post-Examination Surveys.
    OMB Number: 3064-0218.
    Form Number: 6600/58; 6600/59.
    Affected Public: FDIC-supervised insured depository institutions.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0218]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of     Average time
  Information Collection (IC)     (frequency of      Number of     responses per   per response    Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
1.Safety and Soundness Post-    Reporting                    492               1           00:45             369
 Examination Survey              (Annual).
 (Voluntary).
2. Consumer Compliance Post-    Reporting                    329               1           00:45             247
 Examination Survey              (Annual).
 (Voluntary).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............             616
     (Hours).
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Source: FDIC.

    General Description of Collection: The purpose of the surveys is to 
gauge bankers' views on the effectiveness and quality of FDIC Safety 
and Soundness and Consumer Compliance examinations, as well as to 
identify ways to improve the examination process. Respondents are asked 
to voluntarily rate the efficiency of the preexamination process; 
examiners' professionalism and understanding of the laws and 
regulations; the examination process; and examination report quality. 
Respondents will also be allowed to provide feedback on any areas for 
improvement and will be given an option to have someone from the FDIC 
Office of the Ombudsman contact the institution confidentially about 
its recent examination or any other matters. There is no change in the 
method or substance of the collection. The 251-hour decrease in burden 
is the result of the reduction in the estimated annual number of 
respondents.

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

[[Page 13602]]

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 March 20, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-04994 Filed 3-24-25; 8:45 am]
BILLING CODE 6714-01-P