[Federal Register Volume 78, Number 213 (Monday, November 4, 2013)]
[Notices]
[Page 66004]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-26285]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request Re: Treatment by FDIC as Conservator or 
Receiver of Financial Assets Transferred by an Insured Depository 
Institution in Connection With a Securitization or Participation After 
September 30, 2010

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC may not conduct or 
sponsor, and the respondent is not required to respond to, an 
information collection unless it displays a currently valid Office of 
Management and Budget (OMB) control number. As part of its continuing 
effort to reduce paperwork and respondent burden, the FDIC invites the 
general public and other Federal agencies to take this opportunity to 
comment on renewal of an existing information collection, as required 
by the PRA. On August 27, 2013 (78 FR 52914), the FDIC requested 
comment for 60 days on renewal of its information collection entitled 
Treatment by FDIC as Conservator or Receiver of Financial Assets 
Transferred by an Insured Depository Institution in Connection With a 
Securitization or Participation After September 30, 2010, which is 
currently approved under OMB Control No. 3064-0177. No comments were 
received on the proposal. The FDIC hereby gives notice of submission to 
OMB of its request to renew, without change, the collection.

DATES: Comments must be submitted on or before December 4, 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: Leneta G. Gregorie (202-898-3719), Counsel, Room 
NYA-5050, 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: Leneta Gregorie, at the FDIC address 
above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collections of information:
    Title: Treatment by the FDIC as Conservator or Receiver of 
Financial Assets Transferred by an Insured Depository Institution in 
Connection With a Securitization or Participation After September 30, 
2010.
    OMB Number: 3064-0177.
    Annual Frequency of Response: 10K Annual Report, Non-Reg AB 
Compliant--once; 10K Annual Report, Reg AB Compliant--once; 8K 
Disclosure Form, Non-Reg AB Compliant--twice; 8K Disclosure Form, Reg 
AB Compliant--twice; 10D Reports, Non-Reg AB Compliant--5; 10D Reports, 
Reg AB Compliant--5; 12b-25--once.
    Affected Public: Insured depository institutions.
    Estimated Number of Respondents: 10K Annual Report, Non-Reg AB 
Compliant--50; 10K Annual Report, Reg AB Compliant--50; 8K Disclosure 
Form, Non-Reg AB Compliant--50; 8K Disclosure Form, Reg AB Compliant--
50; 10D Reports, Non-Reg AB Compliant--50; 10D Reports, Reg AB 
Compliant--50; 12b-25--100.
    Estimated Time per Response: 10K Annual Report, Non-Reg AB 
Compliant--27 hours; 10K Annual Report, Reg AB Compliant--4.5 hours; 8K 
Disclosure Form, Non-Reg AB Compliant--2 hours; 8K Disclosure Form, Reg 
AB Compliant--2 hours; 10D Reports, Non-Reg AB Compliant--27 hours; 10D 
Reports, Reg AB Compliant--4.5 hours; 12b-25-2.5 hours.
    Total Annual Burden: 12,850 hours.
    General Description of Collection: To facilitate better ongoing 
evaluation of the quality of lending by banks and to reduce risks to 
the Deposit Insurance Fund from the opaque securitization structures 
and the poorly underwritten loans that led to the onset of the recent 
financial crisis, insured depository institutions must comply with 
certain reporting and disclosure requirements for securitizations as a 
prerequisite for the FDIC to grant the exercise of rights and powers 
listed in 12 U.S.C. 1821(e)(13)(C) with respect to such financial 
assets and, for any securitization for which transfers of financial 
assets were made after December 31, 2010, to qualify for the safe 
harbor provisions of Part 360 of the FDIC's Regulations.

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 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 29th day of October 2013.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2013-26285 Filed 11-1-13; 8:45 am]
BILLING CODE 6714-01-P