[Federal Register Volume 83, Number 236 (Monday, December 10, 2018)]
[Notices]
[Pages 63507-63508]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-26584]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0095]
Agency Information Collection Activities: Proposed Collection
Renewal; 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 collection described below.
DATES: Comments must be submitted on or before February 8, 2019.
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 7:00 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, Counsel, 202-898-3767,
[email protected], MB-3007, Federal Deposit Insurance Corporation, 550
17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collection of
information:
1. Title: Procedures for Monitoring Bank Protection Act Compliance.
OMB Number: 3064-0095.
Form Number: None.
Affected Public: Insured state nonmember banks
Burden Estimate:
[[Page 63508]]
Summary of Annual Burden
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Estimated
Obligation to Estimated Estimated frequency time per Estimated
Information collection description Type of burden respond number of of responses response annual burden
respondents (hours) (hours)
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Bank Protection Act Compliance Recordkeeping........ Mandatory............ 3,533 Annually............. .5 1,766.5
Program.
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Estimated Total Annual Burden.. ..................... ..................... .............. ..................... .............. 1,766.5
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General Description of Collection
The collection requires insured state nonmember banks to comply
with the Bank Protection Act and to review bank security programs. The
Bank Protection Act of 1968 (12 U.S.C. 1881-1884) requires each Federal
supervisory agency to promulgate rules establishing minimum standards
for security devices and procedures to discourage financial crime and
to assist in the identification of persons who commit such crimes. To
avoid the necessity of constantly updating a technology-based
regulation, the FDIC takes a flexible approach to implementing this
statute. It requires each insured nonmember bank to designate a
security officer who will administer a written security program. The
security program must: (1) Establish procedures for opening and closing
for business and for safekeeping valuables; (2) establish procedures
that will assist in identifying persons committing crimes against the
bank; (3) provide for initial and periodic training of employees in
their responsibilities under the security program; and (4) provide for
selecting, testing, operating and maintaining security devices as
prescribed in the regulation. In addition, the FDIC requires the
security officer to report at least annually to the bank's board of
directors on the effectiveness of the security program.
There is no change in the method or substance of the collection.
The FDIC estimates that the number of respondents will decrease due to
economic fluctuations from 3,629 to 3,533. The annual burden for this
information collection is estimated to be 1,766.5 hours. This
represents a decrease of 48.5 hours from the current burden estimate of
1,815 hours.
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 December 3, 2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-26584 Filed 12-7-18; 8:45 am]
BILLING CODE 6714-01-P