[Federal Register Volume 82, Number 81 (Friday, April 28, 2017)]
[Notices]
[Pages 19718-19721]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-08667]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewals; Comment Request (3064-0099; -0118; -0148 and -0153)

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 existing 
information collections, as required by the Paperwork Reduction Act of 
1995 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comment 
on renewal of the information collections described below.

DATES: Comments must be submitted on or before June 27, 2017.

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 and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza (202-898-3767). Counsel, MB 3007 or 
Jennifer Jones (202-898-6768), 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: Manny Cabeza or Jennifer Jones, at the 
FDIC address noted above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collections of information:
    1. Title: Application for Waiver of Prohibition on Acceptance of 
Brokered Deposits.
    OMB Number: 3064-0099.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

----------------------------------------------------------------------------------------------------------------
                                           Estimated    Estimated time                             Total annual
            Type of burden                 number of     per response     Frequency of response      estimated
                                          respondents       (hours)                               burden (hours)
----------------------------------------------------------------------------------------------------------------
Reporting.............................              30               6  On Occasion.............             180
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: Section 29 of the Federal 
Deposit Insurance Act prohibits undercapitalized insured depository 
institutions from accepting, renewing, or rolling over any brokered 
deposits. Adequately capitalized institutions may do so with a waiver 
from the FDIC, while well-capitalized institutions may accept, renew, 
or roll over brokered deposits without restriction. This information 
collection captures the burden associated with preparing and filing an 
application for a waiver of the

[[Page 19719]]

prohibition on the acceptance of brokered deposits.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is a result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response remain the same.
    2. Title: Management Official Interlocks.
    OMB Number: 3064-0118.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

----------------------------------------------------------------------------------------------------------------
                                           Estimated                                               Total annual
            Type of burden                 number of    Estimated time    Frequency of response      estimated
                                          respondents    per response                             burden (hours)
----------------------------------------------------------------------------------------------------------------
Reporting.............................               3               7  On Occasion.............              21
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: The FDIC's Management Official 
Interlocks regulation, 12 CFR 348, which implements the Depository 
Institutions Management Interlocks Act (DIMIA), 12 U.S.C. 3201-3208, 
generally prohibits bank management officials from serving 
simultaneously with two unaffiliated depository institutions or their 
holding companies but allows the FDIC to grant exemptions in 
appropriate circumstances. Consistent with DIMIA, the FDIC's Management 
Official Interlocks regulation has an application requirement requiring 
information specified in the FDIC's procedural regulation. The rule 
also contains a notification requirement.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is a result of economic 
fluctuation as well as the change in complexity of the reporting 
institutions. In particular, the number of respondents has decreased 
while the hours per response have increased due to the complexity of 
the reporting institutions.
    3. Title: Interagency Statement on Sound Practices Concerning 
Complex Structured Finance Transactions.
    OMB Number: 3064-0148.
    Form Number: Interagency Statement on Sound Practices Concerning 
Elevated Risk Complex Structured Finance Activities.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

----------------------------------------------------------------------------------------------------------------
                                           Estimated                                               Total annual
            Type of burden                 number of    Estimated time    Frequency of response      estimated
                                          respondents    per response                             burden (hours)
----------------------------------------------------------------------------------------------------------------
Recordkeeping.........................               4              25  On Occasion.............             100
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Interagency Statement on 
Sound Practices Concerning Complex Structured Finance Transactions 
describes the types of internal controls and risk management procedures 
that the Agencies believe are particularly effective in assisting 
financial institutions to identify, evaluate, assess, document, and 
control the full range of credit, market, operational, legal and 
reputational risks. A financial institution that engages in complex 
structured finance transactions should maintain a set of formal, 
written, firm-wide policies and procedures that are designed to allow 
the institution to identify and assess these risks.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is a result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response remain the same.
    4. Title: Regulatory Capital Rules.
    OMB Number: 3064-0153.
    Form Number: None.
    Affected Public: State nonmember banks, state savings associations, 
and certain subsidiaries of those entities.
    Burden Estimate:

                                                                 Estimated Hourly Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                            Estimated                                                      Total annual
                                                Type of burden              number of    Estimated time       Frequency of response          estimated
                                                                           respondents    per response                                        burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                               BASEL III Advanced Approaches: Recordkeeping and disclosure
--------------------------------------------------------------------------------------------------------------------------------------------------------
Implementation plan--Section           Recordkeeping...................               2           330.0  On Occasion....................             660
 _.121(b): Ongoing.
Documentation of advanced systems--    Recordkeeping...................               2            19.0  On Occasion....................              38
 Section _.122(j): Ongoing.
Systems maintenance--Sections          Recordkeeping...................               2            27.9  On Occasion....................              56
 _.122(a), _123(a), _.124(a): Ongoing.
Supervisory approvals--Sections        Recordkeeping...................               2            16.8  On Occasion....................              34
 _.122(d)-(h), _.132(b)(3),
 _.132(d)(1), _.132(d)(1)(iii):
 Ongoing.
Control, oversight and verification    Recordkeeping...................               2            11.1  On Occasion....................              22
 of systems--Sections _.122 to _.124:
 Ongoing.
(CCR)--Section _.132(b)(2)(iii)(A):    Recordkeeping...................               1            80.0  On Occasion....................              80
 One-time.
(CCR)--Section _.132(b)(2)(iii)(A):    Recordkeeping...................               2            16.0  On Occasion....................              32
 Ongoing.
(CCR)--Section _.132(d)(2)(iv): One-   Recordkeeping...................               1            80.0  On Occasion....................              80
 time.
(CCR)--Section _.132(d)(2)(iv):        Recordkeeping...................               2            40.0  On Occasion....................              80
 Ongoing.
(CCR)--Section _.132(d)(3)(vi): One-   Recordkeeping...................               1            80.0  On Occasion....................              80
 time.

[[Page 19720]]

 
(CCR)--Section _.132(d)(3)(viii): One- Recordkeeping...................               1            80.0  On Occasion....................              80
 time.
(CCR)--Section _.132(d)(3)(viii):      Recordkeeping...................               2            10.0  Quarterly......................              80
 Ongoing.
(CCR)--Section _.132(d)(3)(ix): One-   Recordkeeping...................               1            40.0  On Occasion....................              40
 time.
(CCR)--Section _.132(d)(3)(ix):        Recordkeeping...................               2            40.0  On Occasion....................              80
 Ongoing.
(CCR)--Section _.132(d)(3)(x): One-    Recordkeeping...................               1            20.0  On Occasion....................              20
 time.
(CCR)--Section _.132(d)(3)(xi): One-   Recordkeeping...................               1            40.0  On Occasion....................              40
 time.
(CCR)--Section _.132(d)(3)(xi):        Recordkeeping...................               2            40.0  On Occasion....................              80
 Ongoing.
(OC)--Section _.141(b)(3),             Recordkeeping...................               1            40.0  On Occasion....................              40
 _.141(c)(1), _.141(c)(2)(i)-(ii),
 _.153: One-time.
(OC)--Section _.141(c)(2)(i)-(ii):     Recordkeeping...................               2            10.0  Quarterly......................              80
 Ongoing.
Sections _.142 and _.171: Ongoing....  Disclosure......................               2             5.8  On Occasion....................              12
(CCB and CCYB)--Section _.173, Table   Disclosure......................               2            35.0  Quarterly......................             280
 4 (CR) _.173, Table 5
 (Securitization) _.173, Table 9
 (IRR) _.173, Table 12: Ongoing.
(CCB and CCYB)--Section _.173, Table   Disclosure......................               1           280.0  On Occasion....................             280
 4 (CR) Section _.173, Table 5 (Sec.)
 Section _.173, Table 9 (IRR) Section
 _.173, Table 12: One-time.
                                                                        --------------------------------                                 ---------------
    Subtotal: One-time Recordkeeping   ................................  ..............  ..............  ...............................             740
     and Disclosure.
                                                                        --------------------------------                                 ---------------
    Subtotal: Ongoing Recordkeeping    ................................  ..............  ..............  ...............................           1,533
     and Disclosure.
                                                                        --------------------------------                                 ---------------
        Total Recordkeeping and        ................................  ..............  ..............  ...............................           2,273
         Disclosure.
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                                                    Minimum Regulatory Capital Ratios: Recordkeeping
--------------------------------------------------------------------------------------------------------------------------------------------------------
(CCR Operational Requirements)--       Recordkeeping...................           3,787            16.0  On Occasion....................          60,592
 Sections _.3(c) and
 _.22(h)(2)(iii)(A): Ongoing.
                                                                        --------------------------------                                 ---------------
    Subtotal: One-time Recordkeeping.  ................................  ..............  ..............  ...............................               0
                                                                        --------------------------------                                 ---------------
    Subtotal: Ongoing Recordkeeping..  ................................  ..............  ..............  ...............................          60,592
                                                                        --------------------------------                                 ---------------
        Total Recordkeeping..........  ................................  ..............  ..............  ...............................          60,592
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   Standardized Approach: Recordkeeping and Disclosure
--------------------------------------------------------------------------------------------------------------------------------------------------------
(QCCP)--Section _.35(b)(3)(i)(A): One- Recordkeeping...................               1             2.0  On Occasion....................               2
 time.
(QCCP)--Section _.35(b)(3)(i)(A):      Recordkeeping...................           3,787             2.0  On Occasion....................           7,574
 Ongoing.
(CT)--Section _.37(c)(4)(i)(E): One-   Recordkeeping...................               1            80.0  On Occasion....................              80
 time.
(CT)--Section _.37(c)(4)(i)(E):        Recordkeeping...................           3,787            16.0  On Occasion....................          60,592
 Ongoing.
(SE)--Section _.41(b)(3) and           Recordkeeping...................               1            40.0  On Occasion....................              40
 _.41(c)(2)(i): One-time.
(SE)--Section _.41(c)(2)(i): Ongoing.  Recordkeeping...................           3,787             2.0  On Occasion....................           7,574
(S.E.)--Section _ .42(e)(2), (C.R.)    Disclosure......................               1           226.3  On Occasion....................             226
 Sections_ .62(a), (b), & (c), (Q&Q)
 Sections_ .63(a) & (b): One-time.
(S.E.)--Section _.42(e)(2), (C.R.)     Disclosure......................               1           131.3  Quarterly......................             525
 Sections_ .62(a), (b), & (c), (Q&Q)
 Sections_. 63(a) & (b) and _ .63
 Tables: Ongoing.
                                                                        --------------------------------                                 ---------------
    Subtotal: One-time Recordkeeping   ................................  ..............  ..............  ...............................             348
     and Disclosure.
                                                                        --------------------------------                                 ---------------
    Subtotal: Ongoing Recordkeeping    ................................  ..............  ..............  ...............................          76,265
     and Disclosure.
                                                                        --------------------------------                                 ---------------
        Total Recordkeeping and        ................................  ..............  ..............  ...............................          76,613
         Disclosure.
                                                                        --------------------------------                                 ---------------
            Total Burden Hours.......  ................................  ..............  ..............  ...............................         139,478
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: This collection comprises the 
disclosure and recordkeeping requirements associated with minimum 
capital requirements and overall capital adequacy standards for insured 
state nonmember banks, state savings associations, and certain 
subsidiaries of those entities. The data is used by the FDIC to 
evaluate capital before approving various applications by insured 
depository institutions, to

[[Page 19721]]

evaluate capital as an essential component in determining safety and 
soundness, and to determine whether an institution is subject to prompt 
corrective action provisions.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is a result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response remain the same.

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 information collections, 
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 25th day of April 2017.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017-08667 Filed 4-27-17; 8:45 am]
 BILLING CODE 6714-01-P