[Federal Register Volume 82, Number 142 (Wednesday, July 26, 2017)]
[Notices]
[Pages 34668-34671]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-15617]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; 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. On April 28, 2017, 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 August 25, 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 above.

SUPPLEMENTARY INFORMATION: On April 28, 2017, (82 FR 19718), 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.
    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 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.

[[Page 34669]]

    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
    BASEL III advanced approaches:                Type of burden              number of    Estimated time      Frequency of  response        estimated
     recordkeeping and disclosure                                            respondents    per response                                      burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Implementation plan--Section _.121(b):  Recordkeeping....................               2           330.0  On Occasion..................             660
 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--                 Recordkeeping....................               2            16.8  On Occasion..................              34
 Sections_.122(d)-(h), _.132(b)(3),
 _.132(d)(1), _.132(d)(1)(iii):
 Ongoing.
Control, oversight and verification of  Recordkeeping....................               2            11.1  On Occasion..................              22
 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.
(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.

[[Page 34670]]

 
(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 4  Disclosure.......................               2            35.0  Quarterly....................             280
 (CR) _.173, Table 5 (Securitization)
 _.173, Table 9 (IRR) _.173, Table 12:
 Ongoing.
(CCB and CCYB)--Section _.173, Table 4  Disclosure.......................               1           280.0  On Occasion..................             280
 (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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                                                                              Estimated                                                    Total annual
  Minimum regulatory capital ratios:              Type of burden              number of    Estimated time      Frequency of  response        estimated
             recordkeeping                                                   respondents    per response                                      burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------------------------------------------------------------------------------


 
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                                                                              Estimated                                                    Total annual
 Standardized approach: recordkeeping             Type of burden              number of    Estimated time      Frequency of  response        estimated
            and disclosure                                                   respondents    per response                                      burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
(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 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

[[Page 34671]]

same. The overall reduction in burden hours also reflects a decrease in 
the number of entities that will incur any one-time implementation 
burden, as a majority of the entities have already fully implemented 
the one-time requirements associated with the rule.

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 20th day of July, 2017.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017-15617 Filed 7-25-17; 8:45 am]
 BILLING CODE 6714-01-P