[Federal Register Volume 83, Number 210 (Tuesday, October 30, 2018)]
[Notices]
[Pages 54589-54590]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-23597]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0121; 3064-0135]


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 obligations under the Paperwork 
Reduction Act of 1995 (PRA), invites the general public and other 
Federal agencies to take this opportunity to comment on the renewal of 
the existing information collections described below (3064-0121 and 
3064-0135). On August 20, 2018, 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 information 
collections, and again invites comment on these renewals.

DATES: Comments must be submitted on or before November 29, 2018.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     https://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: Manny Cabeza (202-898-3767), Counsel, MB-3007, 
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 a.m. and 5 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, Counsel, 202-898-3767, 
[email protected], MB-3007, Federal Deposit Insurance Corporation, 550 
17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION:  On August 20, 2018, 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 these renewals.
    Proposal to renew the following currently approved collections of 
information:
    1. Title: Certification of Compliance with Mandatory Bars to 
Employment.
    OMB Number: 3064-00121.
    Form Number: 2120/16.
    Affected Public: Individuals seeking employment from the FDIC.
    Burden Estimate:

                                                                Summary of Annual Burden
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                                                                      Estimated                                                            Total annual
                                              Type of burden          number of         Estimated time per       Frequency of response      estimated
                                                                     respondents             response                                      burden hours
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Form 2120/16..........................  Reporting................             500   10 minutes...............  On Occasion.............              83
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    General Description of Collection: There has been no change in the 
method or substance of this information collection. The change in 
estimates annual burden is due to a decrease in estimated number of new 
hires from an annual average of 600 in 2015 to an annual average of 500 
currently. This information collection arises from the reporting 
requirements contained in 12 CFR part 336, subpart B of the FDIC Rules 
and Regulations entitled

[[Page 54590]]

``Minimum Standards of Fitness for Employment with the Federal Deposit 
Insurance Corporation''. This rule implements Section 19 of the 
Resolution Trust Corporation Completion Act (``Completion Act''), 
Public Law 103-204, by (among other things) prescribing a 
certification, with attachments in some cases, relating to job 
applicants' fitness and integrity. More specifically, the statute 
provides that the FDIC shall issue regulations implementing provisions 
that prohibit any person from becoming employed by FDIC, who has been 
convicted of any felony; has been removed from, or prohibited from 
participating in the affairs of, any insured depository institution 
pursuant to any final enforcement action by any appropriate federal 
banking agency; has demonstrated a pattern or practice of defalcation 
regarding obligations to insured depository institutions; or has caused 
a substantial loss to federal deposit insurance funds. This collection 
of information implements these mandatory bars to employment through a 
certification, signed by job applicants prior to an offer of employment 
using form 2120/16.
    2. Title: Purchaser Eligibility Certification.
    OMB Number: 3064-0135.
    Form Number: 7300-06.
    Affected Public: Individuals and entities wishing to purchase 
receivership assets from the FDIC.
    Burden Estimate: There has been no change in the method or 
substance of this information collection. The Subject Matter Experts 
(SMEs) from the FDIC's Division of Resolutions and Receiverships have 
estimated that this information collection will affect 600 respondents 
annually for the next three years. This estimate is unchanged from 
2015. The SMEs reached this estimate by calculating the average number 
of Purchaser Eligibility Certifications (PECs) completed in the past 
three years and rounding up.

------------------------------------------------------------------------
                                                          Number of PECs
                          Year                                  \1\
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2015....................................................             952
2016....................................................             468
2017....................................................             369
                                                         ---------------
    Total...............................................           1,789
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Three-Year Average......................................          596.33
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\1\ SMEs within the FDIC's Division of Resolutions and Receiverships
  (DRR) compiled this information by the contacting the managers that
  handle each asset sales category (structured transactions, cash loan
  sales, other real estate sales, and securities sales).

    The number of PECs completed each year has been declining since 
2009. If this trend were to continue, the number of respondents would 
be expected to continue to decrease from 369 over the next three years, 
which would imply that the estimated number of respondents should be 
lower for this collection compared to the one in 2015. The SMEs have 
acknowledged that 600 respondents may be a conservative estimate, but 
also believe that it is reasonable. This rationale stems from the fact 
that the current rate of bank failures is very low. The SMEs also point 
out that the PECs are collected from prospective purchasers and not 
just the winning bidders. As a result, the annual number of PECs could 
increase if there is an increase in the demand for the assets the FDIC 
sells even if the number of assets for sale decreases in line with the 
current trend of diminishing bank failures.
    The estimated hourly burden for this information collection is 30 
minutes per PEC form. The SMEs have arrived at this estimate through 
their personal observations of individuals completing these forms at 
open-outcry auction events. The table below contains estimates for the 
total estimated reporting burden for this information collection.

                                                                Summary of Annual Burden
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                                                                                         Estimated        Estimated      Estimated time  Total estimated
                                                            Type of burden               number of       frequency of     per response    annual burden
                                                                                        respondents       responses          (hrs)            (hrs)
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Purchaser Eligibility Certification.............  Reporting.........................             600                1             0.50           300.00
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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 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.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-23597 Filed 10-29-18; 8:45 am]
BILLING CODE 6714-01-P