[Federal Register Volume 83, Number 211 (Wednesday, October 31, 2018)]
[Notices]
[Pages 54753-54754]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-23883]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (OMB No. 3064-0151)

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 collection described below (3064-0151). On 
August 7, 2018, the FDIC requested comment for 60 days on a proposal to 
renew the information collection 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 this collection, and again invites 
comment on this renewal.

DATES: Comments must be submitted on or before November 30, 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: 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, Counsel, 202-898-6768, 
[email protected], MB-3105, Federal Deposit Insurance Corporation, 550 
17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On August 7, 2018, the FDIC requested 
comment for 60 days on a proposal to renew the information collection 
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 
this collection, and again invites comment on this renewal.
    Proposal to renew the following currently approved collection of 
information:
    1. Title: Notice Regarding Assessment Credits.
    OMB Number: 3064-0151.
    Form Number: None.
    Affected Public: FDIC-Insured Institutions.
    Burden Estimate:

                                                                Summary of Annual Burden
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                                                                          Estimated       Estimated                                        Total annual
                                   Type of burden     Obligation to       number of     frequency of   Estimated time     Frequency of       estimated
                                                         respond         respondents      responses     per response        response      burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notice Regarding Assessment      Reporting........  Required to                     2               1               2  On Occasion......               4
 Credits.                                            Obtain or Retain
                                                     Benefits.
                                                                      ----------------------------------------------------------------------------------
    Total Hourly Burden........  .................  .................  ..............  ..............  ..............  .................               4
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection:
    Section 7(e)(3) of the Federal Deposit Insurance Act (12 U.S.C. 
1817(e)(3)), as amended by the Federal Deposit Insurance Reform Act of 
2005, requires that the FDIC provide by regulation an initial, one-time 
assessment credit to each ``eligible'' insured depository institution 
(or its successor) based on the assessment base of the institution as 
of December 31, 1996, as compared to the combined aggregate assessment 
base of all eligible institutions as of that date, taking into account 
such other factors as the FDIC Board of Directors determines to be 
appropriate. The one-time credits must, with certain exceptions, be 
applied by the FDIC to the maximum extent allowed by law to the 
assessments imposed on such institution that become due for assessment 
periods beginning after the effective date of the one-time credit 
regulations until such time as the credit is exhausted. For assessments 
that become due for assessment periods beginning in fiscal years 2008, 
2009, and 2010 the FDI Act provides that credits may not be applied to 
more than 90 percent of an institution's assessment.
    FDIC-insured institutions must notify the FDIC if their one-time 
assessment credit is transferred, e.g., through a sale of the credits 
or through a merger, so that the FDIC can accurately track such 
transfers, apply available credits appropriately against institutions' 
deposit insurance assessments, and determine an institution's 1996 
assessment base if the transaction involved both the base and the 
credit amount. The need for credit transfer information will expire 
when the credit pool has been exhausted.
    There is no change in the method or substance of the collection and 
the burden remains unchanged from the previous Paperwork Reduction Act 
submission.

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.

    Dated at Washington, DC, on October 29, 2018.


[[Page 54754]]


Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-23883 Filed 10-29-18; 4:15 pm]
 BILLING CODE 6714-01-P