[Federal Register Volume 83, Number 55 (Wednesday, March 21, 2018)]
[Notices]
[Pages 12393-12395]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05711]



[[Page 12393]]

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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB Nos. 3064-0115 and 3064-0197]


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

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 the 
existing information collections, as required by the Paperwork 
Reduction Act of 1995. On December 29, 2017, the FDIC requested comment 
for 60 days on a proposal to renew the information collections 
described below. One comment was received for each information 
collection described below. Each was generally supportive of the 
requirements set forth in the respective rules but did not address the 
paperwork burden for the information collections. 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 these renewals.

DATES: Comments must be submitted on or before May 21, 2018.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     Agency website: https://www.FDIC.gov/regulations/laws/federal. Follow instructions for submitting comments on the Agency 
website.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: 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: Jennifer Jones, 202-898-6768, 
[email protected], Counsel, MB-3105, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On December 29, 2017, the FDIC requested 
comment for 60 days on a proposal to renew the information collections 
described below. One comment was received for each information 
collection described below. Each was generally supportive of the 
requirements set forth in the respective rules but did not address the 
paperwork burden for the information collections. 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 these renewals.
    Proposal to renew the following currently approved collections of 
information:
    1. Title: Prompt Corrective Action.
    OMB Number: 3064-0115.
    Form Number: None.
    Affected Public: State non-member banks and savings associations.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                           Total annual
                                                     Obligation to       Estimated       Estimated       Estimated       Frequency  of       estimated
                                Type of  burden         respond          number of     frequency of      time per          response           burden
                                                                        respondents      responses       response                             (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Prompt Corrective Action (12  Reporting.........  Voluntary.........              17               1               4  On occasion.......              68
 CFR parts 303, 324, and
 390).
                             ---------------------------------------------------------------------------------------------------------------------------
    Total Hourly Burden.....  ..................  ..................  ..............  ..............  ..............  ..................              68
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Prompt Corrective Action 
(PCA) provisions of section 38 of the Federal Deposit Insurance Act 
require or permit the FDIC and other federal banking agencies to take 
certain supervisory actions when FDIC-insured institutions fall within 
certain capital categories. They also restrict or prohibit certain 
activities and require the submission of a capital restoration plan 
when an insured institution becomes undercapitalized. Various 
provisions of the statute and the FDIC's implementing regulations 
require the prior approval of the FDIC before an FDIC-supervised 
institution, or certain insured depository institutions, can engage in 
certain activities, or allow the FDIC to make exceptions to 
restrictions that would otherwise be imposed. This collection of 
information consists of the applications that are required to obtain 
the FDIC's prior approval to engage in these activities.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is the result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response and frequency of responses have remained 
the same.
    2. Title: Liquidity Coverage Ratio: Liquidity Risk Measurement, 
Standards, and Monitoring (LCR).
    OMB Number: 3064-0197.
    Form Number: None.
    Affected Public: State savings associations and State nonmember 
banks that (i) have total consolidated assets equal to $250 billion or 
more; (ii) have total consolidated on-balance sheet foreign exposure 
equal to $10 billion or more; or (iii) have total consolidated assets 
equal to $10 billion or more and are a consolidated subsidiary of one 
of the following: (A) A covered depository institution holding company 
or depository institution that has total assets equal to $250 billion 
or more; (B) a covered depository institution holding company or 
depository institution that has total consolidated on-balance sheet 
foreign exposure equal to $10 billion or more; or (C) a company that 
has been designated by the Financial Stability Oversight Council for 
supervision by the Board of Governors of the Federal Reserve System.
    Burden Estimate:

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                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                           Total annual
                                                     Obligation to       Estimated       Estimated    Estimated time     Frequency of        estimated
                                Type of burden          respond          number of     frequency  of   per response        response           burden
                                                                        respondents      responses                                            (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Liquidity Coverage Ratio      Reporting.........  Mandatory.........
 (LCR)--12 CFR 329.40(a),
 (b).
    Sec.   329.40(a)          Reporting.........  Mandatory.........               2              12            0.25  On Occasion.......               6
     Notification that
     liquidity coverage
     ratio is less than
     minimum in Sec.
     329.10.
    Sec.   329.40(b)          Reporting.........  Mandatory.........               2               1            0.25  On Occasion.......            0.50
     Notification that
     liquidity coverage
     ratio is less than
     minimum in Sec.
     329.10 for 3
     consecutive days or
     otherwise noncompliant.
    Sec.   329.40(b) Plan     Recordkeeping.....  Mandatory.........               2               1          100.00  On Occasion.......             200
     for achieving
     compliance.
    Sec.   329.40(b)(4)       Reporting.........  Mandatory.........               2               4            0.25  On Occasion.......               2
     Weekly report of
     progress toward
     achieving compliance.
Liquidity Coverage Ratio      Recordkeeping.....  Mandatory.........
 (LCR)--12 CFR 329.22(a)(2),
 (5).
    Sec.   329.22(a)(2)       Recordkeeping.....  Mandatory.........               2               1           10.00  On Occasion.......              20
     Policies that require
     eligible HQLA to be
     under control of
     liquidity risk
     management function.
    Sec.   329.22(a)(5)       Recordkeeping.....  Mandatory.........               2               1           10.00  On Occasion.......              20
     Documented methodology
     providing consistent
     treatment for
     determining whether
     eligible HQLA meets
     operational
     requirements.
                                                                     -----------------------------------------------------------------------------------
        Total Hourly Burden.  ..................  ..................  ..............  ..............  ..............  ..................          248.50
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The LCR rule implements a 
quantitative liquidity requirement and contains requirements subject to 
the PRA. The reporting and recordkeeping requirements are found in 
Sections 329.22 and 329.40. The requirement is designed to promote the 
short-term resilience of the liquidity risk profile of large and 
internationally active banking organizations, thereby improving the 
banking sector's ability to absorb shocks arising from financial and 
economic stress, and to further improve the measurement and management 
of liquidity risk. The LCR rule establishes a quantitative minimum 
liquidity coverage ratio that requires a company subject to the rule to 
maintain an amount of high-quality liquid assets (the numerator of the 
ratio) that is no less than 100 percent of its total net cash outflows 
over a prospective 30 calendar-day period (the denominator of the 
ratio).
    The FDIC has reviewed its previous PRA submission and has updated 
its methodology for calculating the burden in order to be consistent 
with the Office of the Comptroller of the Currency and the Board of 
Governors of the Federal Reserve System. The overall increase in burden 
hours is the result of these changes.

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)

[[Page 12395]]

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, on March 16, 2018.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-05711 Filed 3-20-18; 8:45 am]
 BILLING CODE 6714-01-P