[Federal Register Volume 79, Number 224 (Thursday, November 20, 2014)]
[Notices]
[Pages 69116-69117]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-27416]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (3064-0084)

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 an 
existing information collection, as required by the Paperwork Reduction 
Act of 1995 (44 U.S.C. chapter 35). On September 8, 2014, (79 FR 
53196), the FDIC requested comment for 60 days on a proposal to renew 
the following information collection: Account Based Disclosures in 
Connection with Federal Reserve Regulations E, CC, and DD. No comments 
were received. The FDIC hereby gives notice of its plan to submit to 
OMB a request to approve the renewal of this collection, and again 
invites comment on this renewal.

DATES: Comments must be submitted on or before December 22, 2014.

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/.
     Email: [email protected] Include the name and number of 
the collection in the subject line of the message.
     Mail: Gary A. Kuiper (202.898.3877) Counsel or John Popeo 
(202.898.6923), Counsel, MB-3098, 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 or John Popeo, at the 
FDIC address above.

SUPPLEMENTARY INFORMATION:

Proposal To Renew the Following Currently-Approved Collection of 
Information

    Title: Account Based Disclosures in Connection with Federal Reserve 
Regulations E, CC, and DD.
    OMB Number: 3064-0084.
    Affected Public: Insured financial institutions.
    Estimated Annual Burden Hours:
    Regulation E: 2,664,895 hours.
    Regulation CC: 471,551 hours.
    Regulation DD: 325,398 hours.
    Total Estimated Burden Hours: 3,461,844 hours.
    General Description of Collection: The FDIC's OMB-approved 
collection provides for the application of the information collection 
requirements of three FRB rules to state nonmember banks. The three 
rules are:
     Regulation E (``Electronic Fund Transfers,'' 12 CFR Part 
205);
     Regulation CC (``Availability of Funds,'' 12 CFR Part 
229); and
     Regulation DD (``Truth in Savings,'' 12 CFR Part 230).
    Generally, the Regulation E disclosures are designed to ensure 
consumers receive adequate disclosure of basic terms, costs, and rights 
relating to electronic fund transfer (EFT) services provided to them so 
that they can make informed decisions. Like Regulation E, Regulation CC 
has consumer protection disclosure requirements. Specifically, 
Regulation CC requires depository institutions to make funds deposited 
in transaction accounts available within specified time periods, 
disclose their availability policies to customers, and begin accruing 
interest on such deposits promptly.

[[Page 69117]]

    Regulation DD also has similar consumer protection disclosure 
requirements that are intended to assist consumers in comparing deposit 
accounts offered by institutions, principally through the disclosure of 
fees, the annual percentage yield, and other account terms. Regulation 
DD requires depository institutions to disclose yields, fees, and other 
terms concerning deposit accounts to consumers at account opening, upon 
request, and when changes in terms occur.

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 14th day of November, 2014.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2014-27416 Filed 11-19-14; 8:45 am]
BILLING CODE 6714-01-P