[Federal Register Volume 84, Number 22 (Friday, February 1, 2019)]
[Notices]
[Pages 1123-1125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00560]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0117; -0145; and -0152]


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, invites the general public and other Federal 
agencies to take this opportunity to comment on the renewal of the 
existing information collections described below (control Numbers 3064-
0117; 3064-0145; and 3064-0152). On November 23, 2018, the FDIC 
requested comment for 60 days on a proposal to renew these information 
collections. 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 their renewal.

DATES: Comments must be submitted on or before March 4, 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: On November 23, 2018, the FDIC requested 
comment for 60 days on a proposal to renew the information collections 
described below.\1\ 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.
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    \1\ 83 FR 59833 (November 23, 2018).
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    Proposal to renew the following currently approved collections of 
information:
    1. Title: Mutual-to-Stock Conversion of State Savings Banks.
    OMB Number: 3064-0117.
    Form Number: None.
    Affected Public: Insured state savings associations.
    Burden Estimate:

                                                                Summary of Annual Burden
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                                                                         Estimated       Estimated    Estimated time                       Total annual
                                Type of burden       Obligation to       number of     frequency of    per response      Frequency of        estimated
                                                        respond         respondents      responses        (hours)          response       burden (hours)
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Mutual-to-Stock Conversion    Reporting.........  Mandatory.........               5               1             250  On Occasion.......           1,250
 of State Savings Bank.
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[[Page 1124]]

 
    Total Hourly Burden.....  ..................  ..................  ..............  ..............  ..............  ..................           1,250
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    General Description of Collection: State savings associations must 
file a notice of intent to convert to stock form, and provide the FDIC 
with copies of documents filed with state and federal banking and/or 
securities regulators in connection with any proposed mutual-to-stock 
conversion.
    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: Notice Regarding Unauthorized Access to Customer 
Information.
    OMB Number: 3064-0145.
    Form Number: None.
    Affected Public: Insured state nonmember banks
    Burden Estimate:

                                                                Summary of Annual Burden
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                                                                                                                                               Total
                                                                                   Estimated    Estimated time                               estimated
                                                   Type of burden                  number of     per response     Frequency of response    annual burden
                                                                                  respondents       (hours)                                    hours
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Implementation (One Time):                                                                                                                ..............
    Develop Policies and Procedures  Recordkeeping............................               2              24  1.......................              48
     for Response Program.
Ongoing:
    Notice Regarding Unauthorized    Third Party Disclosure...................             315              36  On Occasion.............          11,340
     Access to Customer Information.
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        Total Estimated Annual       .........................................  ..............  ..............  ........................          11,388
         Burden.
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    General Description of Collection: The Interagency Guidance on 
Response Programs for Unauthorized Access to Customer Information and 
Customer Notice describes the federal banking agencies' expectations 
regarding a response program, including customer notification 
procedures, that a financial institution should develop and apply under 
the circumstances described in the Guidance to address unauthorized 
access to or use of customer information that could result in 
substantial harm or inconvenience to a customer. The Guidance advises 
financial institutions when and how they might: (1) Develop notices to 
customers; (2) in certain circumstances defined in the Guidance, 
determine which customers should receive the notices; and (3) send the 
notices to customers.
    There is no change in the method or substance of the information 
collection. With respect to the third party disclosure requirements 
associated with providing notices regarding unauthorized access to 
customer information, the FDIC revised its estimate of the response 
time from 29 hours per response to 36 hours per response. The agency 
also revised its estimate of the number of annual respondents from 80 
to 315 to reflect current industry trend data.
    3. Title: Identity Theft Red Flags.
    OMB Number: 3064-0152.
    Form Number: None.
    Affected Public: Insured state nonmember banks.
    Burden Estimate:

                                                                Summary of Annual burden
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                                                                         Estimated       Estimated    Estimated time                       Total annual
                                Type of burden       Obligation to       number of     frequency of    per response      Frequency of        estimated
                                                        respond         respondents      responses        (hours)          response       burden (hours)
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FACT Act Sections 114 and     Recordkeeping.....  Mandatory.........           3,575               1              16  On Occasion.......          57,200
 315--Establish policies and
 Procedures.
FACT Act Section 315--        Third-Party         Mandatory.........           3,575               1               4  On Occasion.......          14,300
 Provide accurate confirmed    Disclosure.
 address.
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    Total Hourly Burden.....  ..................  ..................  ..............  ..............  ..............  ..................          71,500
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[[Page 1125]]

    General Description of Collection: The regulation containing this 
information collection requirement is 12 CFR part 334, which implements 
sections 114 and 315 of the Fair and Accurate Credit Transactions Act 
of 2003 (FACT Act), Public Law 108-159 (2003).
    FACT Act Section 114: Section 114 requires the Board of Governors 
of the Federal Reserve System, the Office of the Comptroller of the 
Currency and the FDIC (the Agencies) to jointly propose guidelines for 
financial institutions and creditors identifying patterns, practices, 
and specific forms of activity that indicate the possible existence of 
identity theft. In addition, each financial institution and creditor is 
required to establish reasonable policies and procedures to address the 
risk of identity theft that incorporate the guidelines. Credit card and 
debit card issuers must develop policies and procedures to assess the 
validity of a request for a change of address under certain 
circumstances.
    The information collections pursuant to section 114 require each 
financial institution and creditor to create an Identity Theft 
Prevention Program and report to the board of directors, a committee 
thereof, or senior management at least annually on compliance with the 
proposed regulations. In addition, staff must be trained to carry out 
the program. Each credit and debit card issuer is required to establish 
policies and procedures to assess the validity of a change of address 
request. The card issuer must notify the cardholder or use another 
means to assess the validity of the change of address.
    FACT Act Section 315: Section 315 requires the Agencies to issue 
regulations providing guidance regarding reasonable policies and 
procedures that a user of consumer reports must employ when such a user 
receives a notice of address discrepancy from a consumer reporting 
agencies. Part 334 provides such guidance. Each user of consumer 
reports must develop reasonable policies and procedures that it will 
follow when it receives a notice of address discrepancy from a consumer 
reporting agency. A user of consumer reports must furnish an address 
that the user has reasonably confirmed to be accurate to the consumer 
reporting agency from which it receives a notice of address 
discrepancy.
    There is no change in the method or substance of the information 
collection. The total estimated annual burden hours have increased 
because of the inclusion of the agency's estimate of third-party 
disclosure burden associated with the notices required by Section 315 
of the FACT Act which were previously not included because the agencies 
had taken the position that the entities covered by the regulation were 
already furnishing addresses that they had reasonably confirmed to be 
accurate to consumer reporting agencies from which they receive a 
notice of address discrepancy as a usual and customary business 
practice. The above burden estimate now includes burden for the third-
party disclosure requirements associated with Section 315 which 
resulted in an increase in estimated annual burden of 14,300 hours. 
This increase was offset, in part, by a reduction in the estimated 
number of respondents from 4,017 to 3,575 which resulted in a decrease 
in the estimated annual burden for the recordkeeping requirement 
associated with Sections 114 and 315 from 64,272 hour to 57,200 hours. 
The net effect of the revision is an increase in estimated annual 
burden from 64,272 hours to 71,500 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 January 28, 2019.

Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019-00560 Filed 1-31-19; 8:45 am]
 BILLING CODE 6714-01-P