[Federal Register Volume 80, Number 199 (Thursday, October 15, 2015)]
[Notices]
[Pages 62073-62074]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-26237]


-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission of Renewals 
for OMB Review; Comment Request (3064-0090, -0111, -0136, -0138 & -
0171)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

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. On July 10, 2015, (80 FR 39777), the FDIC requested comment for 
60 days on a proposal to renew the information collections listed 
below. No comments were received. The FDIC hereby gives notice of its 
plan to submit to OMB a request to approve the renewal of these 
information collections, and again invites comment on these renewals.

DATES: Comments must be submitted on or before November 16, 2015.

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 MB-3016, 
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 [email protected].

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently-
approved collections of information:
    1. Title: Public Disclosure by Banks.
    OMB Number: 3064-0090.
    Affected Public: Insured state nonmember banks.
    Frequency of Response: Annually.
    Estimated Number of Respondents: 4,015.
    Estimated Time per Response: 0.5
    Total Annual Burden: 2,008 hours.
    General Description: 12 CFR part 350 requires a bank to notify the 
general public, and in some instances shareholders, that financial 
disclosure statements are available by request. Required disclosures 
consist of financial reports for the current and preceding year, which 
can be photocopied directly from the year-end call reports. The FDIC 
may also require, on a case-by-case basis, that descriptions of 
enforcement actions be included in disclosure statements. This 
regulation allows, but does not require, the inclusion of management 
discussion and analysis.
    2. Title: Activities and Investments of Insured State Banks.
    OMB Number: 3064-0111.
    Form Numbers: None.
    Frequency of Response: On occasion.
    Affected Public: Insured state nonmember banks.
    Estimated Number of Respondents: 110.
    Estimated Time per Response: 8 hours.
    Total Annual Burden: 880 hours.
    General Description: Section 24 of the Federal Deposit Insurance 
Act (FDI Act), 12 U.S.C. 1831a, limits investments and other activities 
in which state banks may engage as principal to those permissible for 
national banks and those approved by the FDIC under procedures set 
forth in part 362 of the FDIC's Rules and Regulations, 12 CFR part 362. 
With certain exceptions, section 24 of the FDI Act limits the direct 
equity investments of state chartered banks to equity investments that 
are permissible for national banks. In addition, the statute prohibits 
an insured state bank from directly engaging, as a principal, in any 
activity that is not permissible for a national bank, or indirectly 
through a subsidiary in an activity that is not permissible for a 
subsidiary of a national bank, unless such bank meets its minimum 
capital requirements and the FDIC determines that the activity does not 
pose significant risk to the Deposit Insurance Fund. The FDIC can make 
such a determination for exception by regulation or by order. The 
FDIC's implementing regulation for section 24 is 12 CFR part 362. This 
regulation details the activities that insured state nonmember banks or 
their subsidiaries may engage in, under certain criteria and 
conditions, and identifies the information that banks must furnish to 
the FDIC in order to obtain the FDIC's approval or nonobjection.
    3. Title: Privacy of Consumer Financial Information.
    OMB Number: 3064-0136.
    Form Numbers: None.
    Frequency of Response: On occasion.
    Affected Public: Insured state nonmember banks and consumers.
    Estimated Number of Respondents: Initial notice, 208; annual notice 
and change in terms 4,084; opt-out notice, 866; consumer opt-out/status 
update, 212,432.
    Estimated Number of Responses: 217,590.
    Total Annual Burden: 162,456 hours.
    General Description: The elements of this collection are required 
under section 504 of the Gramm-Leach-Bliley Act, Public Law 106-102. 
The collection mandates notice requirements and restrictions on a 
financial institution's ability to disclose nonpublic personal 
information about consumers to nonaffiliated third parties.
    4. Title: Applicant Background Questionnaire.
    OMB Number: 3064-0138.
    Form Number: FDIC 2100/14.
    Frequency of Response: On occasion.
    Affected Public: FDIC job applicants who are not current FDIC 
employees.
    Estimated Number of Respondents: 30,000.
    Estimated Time per Response: 3 minutes.
    Total Annual Burden: 1,500 hours.
    General Description: The FDIC Applicant Background Questionnaire is 
voluntarily completed by prospective FDIC job applicants who are not 
current employees. Responses to survey questions provide information 
regarding gender, age, disability, race, and national origin. 
Additional survey

[[Page 62074]]

questions address the applicant's source of vacancy announcement 
information. Data is used by the FDIC Office of Minority and Women 
Inclusion and the FDIC Human Resources Branch to evaluate the efficacy 
of various FDIC recruitment methods used to ensure that the agency 
meets workforce diversity objectives.
    5. Title: Registration of Mortgage Loan Originators.
    OMB Number: 3064-0171.
    Total Estimated Annual Burden: 608,867, which is comprised of:

A. Financial Institution Policies and Procedures for Ensuring Employee-
Mortgage Loan Originator Compliance With S.A.F.E. Act Requirements 
Affected Public

    Affected Public: FDIC-supervised institutions.
    Estimated Number of Respondents: 4,080.
    Frequency of Response: Annually.
    Estimated Time per Response: 20 hours.
    Estimated Annual Burden: 81,600 hours.

B. Financial Institution Procedures to Track and Monitor Compliance 
With S.A.F.E. Act

    Estimated Number of Respondents: 4,080.
    Frequency of Response: Annually.
    Estimated Time per Response: 60 hours.
    Estimated Annual Burden: 244,800 hours.

C. Financial Institution Procedures for the Collection and Maintenance 
of Employee Mortgage Loan Originators Criminal History Background 
Reports

    Affected Public: FDIC-supervised institutions.
    Estimated Number of Respondents: 4,080.
    Frequency of Response: Annually.
    Estimated Time per Response: 20 hours.
    Estimated Annual Burden: 81,600 hours.

D. Financial Institution Procedures for Public Disclosure of Mortgage 
Loan Originator's Unique Identifier

    Affected Public: FDIC-supervised institutions.
    Estimated Number of Respondents: 4,080.
    Frequency of Response: Annually.
    Estimated Time per Response: 25 hours.
    Estimated Annual Burden: 102,000 hours.

E. Financial Institution Information Reporting to Registry

    Affected Public: FDIC-supervised institutions.
    Estimated Number of Respondents: 4,080.
    Frequency of Response: Annually.
    Estimated Time per Response: 15 minutes.
    Estimated Annual Burden: 1,020 hours.

F. Financial Institution Procedures for the Collection of Employee 
Mortgage Loan Originator's Fingerprints

    Affected Public: FDIC-supervised institutions.
    Estimated Number of Respondents: 4,080.
    Frequency of Response: Annually.
    Estimated Time per Response: 4 hours.
    Estimated Annual Burden: 16,320 hours.

G. Mortgage Loan Originator Initial and Annual Renewal Registration 
Reporting and Authorization Requirements

    Affected Public: Employee Mortgage Loan Originators.
    Estimated Number of Respondents: 59,592.
    Frequency of Response: Annually.
    Estimated Time per Response: 15 minutes.
    Estimated Annual Burden: 14,898 hours.

H. Mortgage Loan Originator Registration Updates Upon Change in 
Circumstances

    Affected Public: Employee Mortgage Loan Originators.
    Estimated Number of Respondents: 29,646.
    Frequency of Response: On occasion.
    Estimated Time per Response: 15 minutes.
    Estimated Annual Burden: 7,412 hours.

I. Mortgage Loan Originator Procedures for Disclosure to Consumers of 
Unique Identifier

    Affected Public: Employee Mortgage Loan Originators.
    Estimated Number of Respondents: 59,292.
    Frequency of Response: Annually.
    Estimated Time per Response: 1 hour.
    Estimated Annual Burden: 59,292 hours.

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 collections of 
information, 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 
collections of information 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 9th day of October, 2015.

Federal Deposit Insurance Corporation.
Ralph E. Frable,
Assistant Executive Secretary.
[FR Doc. 2015-26237 Filed 10-14-15; 8:45 am]
BILLING CODE 6714-01-P