[Federal Register Volume 78, Number 163 (Thursday, August 22, 2013)]
[Notices]
[Page 52194]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-20486]


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FEDERAL DEPOSIT INSURANCE CORPORATION


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 continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on the renewal of existing 
information collections, as required by the Paperwork Reduction Act of 
1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comment 
on renewal of the information collections described below.

DATES: Comments must be submitted on or before October 21, 2013.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federal/notices.html.
     Email: [email protected]. Include the name of the 
collection in the subject line of the message.
     Mail: Gary A. Kuiper (202.898.3877), Counsel, Room NYA-
5046, 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 Building (located on F Street), 
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: Gary A. Kuiper, at the FDIC address 
above.

SUPPLEMENTARY INFORMATION: 
    Proposal to renew the following currently-approved collections of 
information:
    1. Title: Interagency Guidance on Asset Securitization.
    OMB Number: 3064-0137.
    Form Number: None.
    Frequency of Response: On occasion.
    Affected Public: Insured State Nonmember Banks.
    Estimated Number of Respondents: 22.
    Estimated Time per Response: 7.5 hours.
    Total estimated annual burden: 164 hours.
    General Description of Collection: The Interagency Guidance on 
Asset Securitization Activities informs bankers and examiners of safe 
and sound practices regarding asset securitization. The information 
collections contained in the Interagency Guidance are needed by 
institutions to manage their asset securitization activities in a safe 
and sound manner. Bank managements use this information as the basis 
for the safe and sound operation of their asset securitization 
activities and to ensure that they minimize operational risk in these 
activities.
    2. OMB Number: 3064-0148.
    Form Number: None.
    Frequency of Response: Annual.
    Affected Public: Insured State Nonmember Banks.
    Estimated Number of Respondents: 6
    Estimated Time per Response: 25 hours.
    Total estimated annual burden: 150 hours.
    General Description of Collection: The Interagency Statement on 
Sound Practices Concerning Complex Structured Finance Transactions 
describes the types of internal controls and risk management procedures 
that the Agencies believe are particularly effective in assisting 
financial institutions to identify and address the reputational, legal, 
and other risks associated with complex structured finance 
transactions.
    3. Title: Reverse Mortgage Products Guidance.
    OMB Number: 3064-0176.
    Form Number: None.
    Frequency of Response: Annual.
    Affected Public: Insured State Nonmember Banks.
    Estimated Number of Respondents: 48.
    Estimated Time per Response: 8 hours.
    Total estimated annual burden: 384 hours.
    General Description of Collection: The guidance sets forth 
standards intended to ensure that insured depository institutions 
effectively assess and manage the compliance and reputation risks 
associated with reverse mortgage products.

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 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 information 
collection 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.

    Dated at Washington, DC, this 19th day of August 2013.
    Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013-20486 Filed 8-21-13; 8:45 am]
BILLING CODE 6714-01-P