[Federal Register Volume 81, Number 57 (Thursday, March 24, 2016)]
[Notices]
[Pages 15706-15707]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-06648]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request (3064-0169)

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. Currently, the FDIC is soliciting comment on the renewal 
of the information collection described below.

DATES: Comments must be submitted on or before May 23, 2016.

[[Page 15707]]


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 or 
Manuel E. Cabeza (202.898.3767), Counsel MB-3105, 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 Kuiper or Manuel Cabeza, at the 
FDIC address above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently-
approved collection of information:
    Title: Qualifications for Failed Bank Acquisitions.
    OMB Number: 3064-0169.
    Form Numbers: None.
    Affected Public: Private sector and insured state nonmember banks 
and savings associations.
    Burden Estimate:

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                                                     Number of     Average hours   Responses per
                                                    respondents    per response        year         Total hours
----------------------------------------------------------------------------------------------------------------
Investor Reports on Affiliates (reporting                     20               2              12             480
 burden)........................................
Maintenance of Business Books (record keeping                  5               2               4              40
 burden)........................................
Disclosures Regarding Investors and Entities in               20               4               4            >320
 Ownership Chain (reporting burden).............
                                                 ---------------------------------------------------------------
    Total Burden Hours..........................  ..............  ..............  ..............             840
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    General Description: The FDIC's policy statement on Qualifications 
for Failed Bank Acquisitions provides guidance to private capital 
investors interested in acquiring or investing in failed insured 
depository institutions regarding the terms and conditions for such 
investments or acquisitions. The information collected pursuant to the 
policy statement allows the FDIC to evaluate, among other things, 
whether such investors (and their related interests) could negatively 
impact the Deposit Insurance Fund, increase resolution costs, or 
operate in a manner that conflict with statutory safety and soundness 
principles and compliance requirements.

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 collection 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 
collection 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 21st day of March 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-06648 Filed 3-23-16; 8:45 am]
BILLING CODE 6714-01-P