[Federal Register Volume 84, Number 166 (Tuesday, August 27, 2019)]
[Notices]
[Page 44895]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-18414]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (OMB No. 3064-0001)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Agency information collection activities: submission for OMB 
review; comment request.

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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 (3064-0001) on June 27, 
2019, 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 September 26, 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-3128, 
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-3128, Federal Deposit Insurance Corporation, 550 
17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On June 27, 2019, 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: Interagency Charter and Federal Deposit Insurance 
Application.
    OMB Number: 3064-0001.
    Form: Interagency Charter and Federal Deposit Insurance 
Application.
    Affected Public: Banks or Savings Associations wishing to become 
FDIC-insured depository institutions.
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    \1\ To arrive at the estimated number of respondents published 
in the 60-day Federal Register notice (84 FR 30714, June 27, 2019), 
the FDIC counted the number of deposit insurance applications 
received between January 1, 2017 and March 31, 2019. Nine (9) 
applications were received in 2017; 27 were received in 2018; and 
six (6) were received during the first quarter of 2019. FDIC is 
aware that there has been increasing interest in forming new banks 
and each new bank would need to submit an application for Federal 
deposit insurance. In addition, the FDIC has begun to take steps to 
ease the deposit insurance application process. Based on the 
foregoing, FDIC determined that the annual number of respondents for 
this information collection should be adjusted to 34 and that number 
was used in to arrive at the burden estimate published in the 60-day 
notice.
    Since the 60-day Federal Register notice was published, FDIC 
refined the estimated number of expected deposit insurance 
applications by annualizing the rate of applications received during 
the first quarter of 2019 to derive an annual estimate of 24. Using 
the above historical application data, FDIC staff produced an 
intermediate estimate of 20 as the annual average number of 
applications expected. Starting with the intermediate estimate of 20 
respondents per year, and weighting the expert judgment of FDIC 
staff at 50 percent to incorporate the qualitative factors discussed 
above (20 + 0.50 * 20), FDIC is revising its estimated number of 
respondents for this information collection to 30 respondents per 
year.
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    Burden Estimate:

                                                                Summary of Annual Burden
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                                                                             Estimated       Estimated                                         Total
                                                                             number of       time per                                        estimated
 Information collection (IC) description      Obligation  to respond        respondents      response         Frequency of  response       annual burden
                                                                                \1\           (hours)                                         (hours)
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Interagency Charter and Federal Deposit   Mandatory.....................              30             125  On Occasion...................           3,750
 Insurance Application.
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    General Description of Collection: The Federal Deposit Insurance 
Act requires financial institutions to apply to the FDIC to obtain 
deposit insurance. This collection provides FDIC with the information 
needed to evaluate the applications.

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.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on August 22, 2019.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019-18414 Filed 8-26-19; 8:45 am]
 BILLING CODE 6714-01-P