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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, 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: 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) | Number of respondents | Number of responses per respondent | Time per response (HH:MM) | Annual burden (hours) |
|---|---|---|---|---|---|
| 1. Maintain Securities Trading Policies and Procedures, 12 CFR 344.8 (Mandatory) | Recordkeeping (On Occasion) | 632 | 1 | 1:00 | 632 |
| 2. Officer/Employee Filing of Reports of Personal Securities Trading, 12 CFR 344.9 (Mandatory) | Third Party Disclosure (On Occasion) | 1,896 | 4 | 1:00 | 7,584 |
| Total Annual Burden (Hours) | 8,216 | ||||
| Source: FDIC. |
Summary of Estimated Annual Burden (OMB No. 3064-0109)
| Information collection (IC) (obligation to respond) | Type of burden (frequency of response) | Number of respondents | Number of responses per respondent | Time per response (HH:MM) | Annual burden (hours) |
|---|---|---|---|---|---|
| 1. Notice of Branch Closure to FDIC, 12 U.S.C. 1831r-(a) (Mandatory) | Reporting (On Occasion) | 276 | 2.99 | 00:30 | 413 |
| 2. Notice of Branch Closure to Customers, 12 U.S.C. 1831r-(b) (Mandatory) | Disclosure (On Occasion) | 276 | 2.99 | 1:30 | 1,238 |
| 3. Adoption of Branch Closure Policy, 12 U.S.C. 1831r-1 (Mandatory) | Recordkeeping (Annual) | 18 | 1 | 08:00 | 144 |
| Total Annual Burden (Hours) | 1,795 | ||||
| Source: FDIC. |
Summary of Estimated Annual Burden (OMB No. 3064-0124)
| Information collection (IC) (obligation to respond) | Type of burden (frequency of response) | Number of respondents | Number of responses per respondent | Time per response (HH:MM) | Annual burden (hours) |
|---|---|---|---|---|---|
| Certification of Assumption of Deposit Liabilities 12 CFR 307.2 (Mandatory) | Reporting (On occasion) | 162 | 1 | 1:00 | 162 |
| Notice to Depositors 12 CFR 307.3 (Mandatory) | Disclosure (On occasion) | 12 | 1 | 2:00 | 24 |
| Total Annual Burden (Hours) | 186 | ||||
| Source: FDIC. |
Summary of Estimated Annual Burden (OMB No. 3064-0134)
| Information collection (IC) (obligation to respond) | Type of burden (frequency of response) | Number of respondents | Number of responses per respondent | Time per response (HH:MM) | Annual burden (hours) |
|---|---|---|---|---|---|
| 1. Customer Assistance Form (6422/04) (Voluntary) | Reporting (On Occasion) | 8,566 | 1 | 00:15 | 2,142 |
| 2. Business Assistance Form (6422/11) (Voluntary) | Reporting (On Occasion) | 1,191 | 1 | 00:15 | 298 |
| 3. FDIC Deposit Insurance Form (6422/15) (Voluntary) | Reporting (On Occasion) | 1,465 | 1 | 00:15 | 366 |
| Total Annual Burden (Hours) | 2,806 | ||||
| Source: FDIC. |
Summary of Estimated Annual Burden (OMB No. 3064-0162)
| Information collection (IC) (obligation to respond) | Type of burden (frequency of response) | Number of respondents | Number of responses per respondent | Time per response (HH:MM) | Annual burden (hours) |
|---|---|---|---|---|---|
| 1. Posting and removing provisional holds—Implementation—12 CFR 360.9(c)(1) and (2) (Mandatory) | Recordkeeping (One time) | 8 | 1 | 150:00 | 1,200 |
| 2. Providing standard data format for deposit account and customer information—Implementation—12 CFR 360.9(d)(1) (Mandatory) | Recordkeeping (One time) | 8 | 1 | 110:00 | 880 |
| 3. Notification of identity of person responsible for producing standard data downloads—Implementation—12 CFR 360.9(c)(3) (Mandatory) | Reporting (One time) | 8 | 1 | 8:00 | 64 |
| 4. Provide deposit account and customer information in required standard format—Implementation—12 CFR 360.9(d)(3) (Mandatory) | Reporting (On Occasion) | 8 | 1 | 40:00 | 320 |
| 5. Request for exemption from provisional hold requirements—Implementation—12 CFR 360.9(c)(9) (Voluntary) | Reporting (On Occasion) | 1 | 1 | 20:00 | 20 |
| 6. Request for extension of compliance deadline—Implementation—12 CFR 360.9(e)(7) (Voluntary) | Reporting (On Occasion) | 1 | 1 | 20:00 | 20 |
| 7. Request for exemption—Implementation 12 CFR 360.9(f) (Voluntary) | Reporting (On Occasion) | 1 | 1 | 20:00 | 20 |
| 8. Notification of identity of person responsible for producing standard data downloads—Ongoing—12 CFR 360.9(c)(3) (Mandatory) | Reporting (Annual) | 123 | 1 | 8:00 | 984 |
| 9. Request for exemption from provisional hold requirements—Ongoing—12 CFR 360.9(c)(9) (Voluntary) | Reporting (On Occasion) | 1 | 1 | 20:00 | 20 |
| 10. Request for exemption—Ongoing—12 CFR 360.9(f) (Voluntary) | Reporting (On Occasion) | 1 | 1 | 20:00 | 20 |
| 11. Test compliance with 12 CFR 360.9 (c)-(d) pursuant to 12 CFR 360.9(h)—Ongoing—12 CFR 360.9 (h) (Mandatory) | Reporting (Annual) | 30 | 1 | 80:00 | 2,400 |
| Total Annual Burden (Hours) | 5,948 | ||||
| Source: FDIC. |
Summary of Estimated Annual Burden (OMB No. 3064-0179)
| Information collection (IC) (obligation to respond) | Type of burden (frequency of response) | Number of respondents | Number of responses per respondent | Time per response (HH:MM) | Annual burden (hours) |
|---|---|---|---|---|---|
| 1. Assessment Rate Adjustment Guidelines for Large and Highly Complex Institutions, 12 CFR 327 (Required to obtain or retain benefits) | Reporting (On Occasion) | 1 | 1 | 80:00 | 80 |
| Total Annual Burden (Hours) | 80 | ||||
| Source: FDIC. |
Summary of Estimated Annual Burden (OMB No. 3064-0195)
| Information collection (IC) (obligation to respond) | Type of burden (frequency of response) | Number of respondents | Number of responses per respondent | Time per response (HH:MM) | Annual burden (hours) |
|---|---|---|---|---|---|
| 1. Written Notice of Appraiser Removal from Network or Panel, 12 CFR 323.10 (Mandatory) | Disclosure (On occasion) | 8,481 | 1 | 00:05 | 707 |
| 2. Develop and Maintain a State Licensing Program, 12 CFR 323.11(a) and (b) (Mandatory) | Recordkeeping (On occasion) | 1 | 1 | 40:00 | 40 |
| 3. AMC Disclosure Requirements (State-regulated AMCs), 12 CFR 323.12 (Mandatory) | Disclosure (On occasion) | 1,206 | 1 | 01:00 | 1,206 |
| 4. AMC Disclosure Requirements (Federally regulated AMCs), 12 CFR 323.13(c) (Mandatory) | Disclosure (On occasion) | 38 | 1 | 01:00 | 38 |
| Total Annual Burden (Hours) | 1,991 | ||||
| Source: FDIC. |