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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. 3064-0183).
DATES:
Comments must be submitted on or before December 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: 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.
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: Credit Risk Retention.
OMB Number: 3064-0183.
Form Number: None.
Affected Public: Insured state nonmember banks, state savings institutions, insured state branches of foreign banks, and any subsidiary of the aforementioned entities.
Burden Estimate
| IC description | Type of burden (obligation to respond) | Frequency of response | Estimated number of respondents | Number of responses/ respondent | Hours per response | Total annual estimated burden |
|---|---|---|---|---|---|---|
| Disclosure Burdens | ||||||
| § 373.4(a)(2) Standard Risk Retention—Horizontal Interest | Disclosure (Mandatory) | On Occasion | 2 | 2 | 5.5 | 22 |
| § 373.4(a)(1) Standard Risk Retention—Vertical Interest | Disclosure (Mandatory) | On Occasion | 2 | 2 | 2.0 | 8 |
| § 373.4(a)(3) Standard Risk Retention—Combined Interest * | Disclosure (Mandatory) | On Occasion | 1 | 1 | 7.5 | 8 |
| § 373.5 Revolving Master Trusts | Disclosure (Mandatory) | On Occasion | 3 | 2 | 7.0 | 42 |
| § 373.6 Eligible ABCP Conduits * | Disclosure (Mandatory) | On Occasion | 1 | 1 | 3.0 | 3 |
| § 373.7 Commercial MBS * | Disclosure (Mandatory) | On Occasion | 1 | 1 | 20.75 | 21 |
| § 373.10 Qualified Tender Option Bonds * | Disclosure (Mandatory) | On Occasion | 1 | 1 | 6.0 | 6 |
| § 373.11 Allocation of Risk Retention to an Originator * | Disclosure (Mandatory) | On Occasion | 1 | 1 | 2.5 | 3 |
| § 373.13 Exemption for Qualified Residential Mortgages * | Disclosure (Mandatory) | On Occasion | 1 | 1 | 1.25 | 1 |
| § 373.15 Exemption for Qualifying Commercial Loans, Commercial Real Estate and Automobile Loans * | Disclosure (Mandatory) | On Occasion | 1 | 1 | 20.0 | 20 |
| § 373.16 Underwriting Standards for Qualifying Commercial Loans * | Disclosure (Mandatory) | On Occasion | 1 | 1 | 1.25 | 1 |
| § 373.17 Underwriting Standards for Qualifying Commercial Real Estate Loans * | Disclosure (Mandatory) | On Occasion | 1 | 1 | 1.25 | 1 |
| § 373.18 Underwriting Standards for Qualifying Automobile Loans * | Disclosure (Mandatory) | On Occasion | 1 | 1 | 1.25 | 1 |
| Disclosure Subtotal | 137 | |||||
| Recordkeeping Burdens | ||||||
| § 373.4(a)(2) Standard Risk Retention—Horizontal Interest | Recordkeeping (Mandatory) | On Occasion | 2 | 2 | 0.5 | 2 |
| § 373.4(a)(1) Standard Risk Retention—Vertical Interest | Recordkeeping (Mandatory) | On Occasion | 2 | 2 | 0.5 | 2 |
| § 373.4(a)(3) Standard Risk Retention—Combined Interest * | Recordkeeping (Mandatory) | On Occasion | 1 | 1 | 0.5 | 1 |
| § 373.5 Revolving Master Trusts | Recordkeeping (Mandatory) | On Occasion | 3 | 2 | 0.5 | 3 |
| § 373.6 Eligible ABCP Conduits * | Recordkeeping (Mandatory) | On Occasion | 1 | 1 | 20.0 | 20 |
| § 373.7 Commercial MBS * | Recordkeeping (Mandatory) | On Occasion | 1 | 1 | 30.0 | 30 |
| § 373.11 Allocation of Risk Retention to an Originator * | Recordkeeping (Mandatory) | On Occasion | 1 | 1 | 20.0 | 20 |
| § 373.13 Exemption for Qualified Residential Mortgages * | Recordkeeping (Mandatory) | On Occasion | 1 | 1 | 40.0 | 40 |
| § 373.15 Exemption for Qualifying Commercial Loans, Commercial Real Estate and Automobile Loans * | Recordkeeping (Mandatory) | On Occasion | 1 | 1 | 0.5 | 1 |
| § 373.16 Underwriting Standards for Qualifying Commercial Loans * | Recordkeeping (Mandatory) | On Occasion | 1 | 1 | 40.0 | 40 |
| § 373.17 Underwriting Standards for Qualifying Commercial Real Estate Loans * | Recordkeeping (Mandatory) | On Occasion | 1 | 1 | 40.0 | 40 |
| § 373.18 Underwriting Standards for Qualifying Automobile Loans * | Recordkeeping (Mandatory) | On Occasion | 1 | 1 | 40.0 | 40 |
| Recordkeeping Subtotal | 239 | |||||
| Total Annual Burden Hours | 376 |