[Federal Register Volume 84, Number 30 (Wednesday, February 13, 2019)]
[Notices]
[Pages 3775-3776]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-02173]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (OMB No. 3064-0161)

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 collection described below (3064-0161). On 
November 27, 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 March 15, 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: 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.

[[Page 3776]]


SUPPLEMENTARY INFORMATION: On November 27, 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: Furnisher Information Accuracy and Integrity (FACTA 312).
    OMB Number: 3064-0161.
    Form Number: None.
    Affected Public: State nonmember banks.
    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 per     Frequency of       estimated
                                                      respond        respondents      responses         response            response      burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Procedures to Enhance the      Reporting.......  Mandatory.......           3,533               1  40 hours..........  Annually.........         141,320
 Accuracy and Integrity of
 Information furnished to
 Consumer Reporting Agencies
 Under Section 312 of the
 Fair and Accurate Credit
 Transaction Act.
Distribution of Notices in     Third-Party       Mandatory.......           3,533               1  14 minutes........  On Occasion......          16,487
 Response to Direct Disputes.   Disclosure.
                                                                  --------------------------------------------------------------------------------------
    Total Hourly Burden......  ................  ................  ..............  ..............  ..................  .................         157,807
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    General Description of Collection: Sec. 312 of the Fair and 
Accurate Credit Transaction Act of 2003 (FACT Act) requires the FDIC 
to: Issue guidelines for furnishers regarding the accuracy and 
integrity of the information about consumers furnished to consumer 
reporting agencies; prescribe regulations requiring furnishers to 
establish reasonable policies/procedures to implement the guidelines; 
and issue regulations identifying the circumstances where a furnisher 
must reinvestigate a dispute about the accuracy of information in a 
consumer report based on a direct request from a consumer.
    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.
    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 February 8, 2019.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019-02173 Filed 2-12-19; 8:45 am]
 BILLING CODE 6714-01-P