[Federal Register Volume 84, Number 30 (Wednesday, February 13, 2019)]
[Notices]
[Pages 3776-3777]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-02180]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Submission for OMB
Review; Comment Request (OMB No. 3064-0093)
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 (control Number 3064-
0095; 3064-0145). On November 23, 2018, the FDIC requested comment for
60 days on a proposal to renew this information collection. 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 the 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: 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
this information collection, and again invites comment on the renewal.
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\1\ 83 FR 59382 (November 23, 2018).
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Proposal to renew the following currently approved collection of
information:
1. Title: Notices Required of Government Securities Dealers or
Brokers.
OMB Number: 3064-0093.
[[Page 3777]]
Form Number: G-FIN; G-FINW; G-FIN4 & G-FIN5.
Affected Public: Insured state nonmember banks acting as government
securities brokers and dealers.
Burden Estimate:
Summary of Annual Burden
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Estimated Estimated
Information collection Type of burden Obligation to number of Estimated frequency Estimated time per annual burden
description respond respondents of responses response (hours)
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Notice by Financial Reporting............ Mandatory........... 1 On Occasion......... 1 hour.............. 1
Institutions of Government
Securities Broker or
Government Securities Dealer
Activities (G-FIN).
Notice By Financial Reporting............ Mandatory........... 1 On Occasion......... 15 minutes.......... .25
Institutions of Termination of
Activities as a Government
Securities Broker of
Government Securities Dealer
(G-FINW).
Disclosure Form for Person Reporting............ Mandatory........... 1 On Occasion......... 2 hours............. 2
Associated with a Financial
Institution Securities Broker
or Dealer (G-FIN-4).
Uniform Termination Notice for Reporting............ Mandatory........... 5 On Occasion......... 2 hours............. 10
Persons Associated With a
Financial Institution
Government Securities Broker
of Dealer (G-FIN-5).
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Total Estimated Annual ..................... .................... .............. .................... .................... 13.25
Burden.
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General Description of Collection: The Government Securities Act of
1986 requires all financial institutions acting as government
securities brokers and dealers to notify their Federal regulatory
agencies of their broker-dealer activities, unless exempted from the
notice requirements by Treasury Department regulation.
The Form G-FIN and Form G-FINW are used by insured State nonmember
banks that are government securities brokers or dealers to notify the
FDIC of their status or that they have ceased to function as a
government securities broker or dealer.
The Form G-FIN-4 is used by associated persons of insured State
nonmember banks that are government securities brokers or dealers to
provide certain information to the bank and to the FDIC concerning
employment, residence, and statutory disqualification.
The Form G-FIN-5 is used by insured State nonmember banks that are
government securities brokers or dealers to notify the FDIC that an
associated person is no longer associated with the government
securities broker or dealer function of the bank.
There is no change in the method or substance of the collection.
The overall reduction in burden hours (from 17 hours to 13.25 hours) is
the result of economic fluctuation. In particular, the number of
respondents has decreased from 17 to 8 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. 2019-02180 Filed 2-12-19; 8:45 am]
BILLING CODE 6714-01-P