[Federal Register Volume 81, Number 108 (Monday, June 6, 2016)]
[Notices]
[Pages 36305-36306]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13235]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; 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. On January 5, 2016, (81 FR 239), the FDIC requested 
comment for 60 days on a proposal to renew the information collections 
described 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 collections, and again invites comment on this renewal.

DATES: Comments must be submitted on or before July 6, 2016.

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 of the 
collection in the subject line of the message.
     Mail: Gary A. Kuiper (202.898.3877), Counsel, Room MB-
3016, or Manny Cabeza, (202.898.3767), Counsel, Room 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 A. Kuiper or Manny Cabeza, at the 
FDIC address above.

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

                                                Estimated Burden
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                                                      No. of       Average hours   Responses per
                                                    respondents    per response        year         Total hours
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Investor Reports on Affiliates (reporting                     10               2              12             240
 burden)........................................
Maintenance of Business Books (record keeping                  3               2               4              24
 burden)........................................
Disclosures Regarding Investors and Entities in               10               4               4             160
 Ownership Chain (reporting burden).............
                                                 ---------------------------------------------------------------
    Total Burden Hours..........................  ..............  ..............  ..............             424
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[[Page 36306]]

    General Description: Among other things, the Federal Deposit 
Insurance Act (FDIA) sets forth the duties and responsibilities of the 
FDIC in providing for and maintaining a system of deposit insurance for 
the nation's insured depository institutions and in resolving troubled 
insured depository institutions in a manner that presents the least 
cost to the Deposit Insurance Fund. Section 6 of the FDIA sets forth a 
number of factors to be considered before an institution is permitted 
by the FDIC to obtain federal deposit insurance. Among these factors 
are the financial history of the institution; the adequacy of the 
institution's capital structure; the further earnings prospects; the 
convenience and needs of the community; the institution's corporate 
powers, and, not insignificantly, the risk presented to the Deposit 
Insurance Fund. (Similarly, provisions of the Change in Bank Control 
Act, found in section 7 of the FDIA, permit the FDIC--or another 
appropriate federal banking agency--to refuse to permit a proposed 
change in bank control if the proposed transaction would result in an 
adverse effect on the Deposit Insurance Fund.) Section 8 of the FDIA 
authorizes the FDIC to assess the safety and soundness of the 
practices, operations, and conditions of insured depository 
institutions, and permits the FDIC to terminate deposit insurance or to 
take other appropriate actions if the institution operates in an unsafe 
and unsound manner. Finally, section 13 of the FDIA authorizes the FDIC 
to resolve troubled insured depository institutions and to dispose of 
the assets of such institutions using the method that is least costly 
to the Deposit Insurance Fund, maximizes the return from the sale of 
such assets, and minimizes any loss to the Deposit Insurance Fund.
    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 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 1st day of June, 2016.

    Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-13235 Filed 6-3-16; 8:45 am]
 BILLING CODE 6714-01-P