[Federal Register Volume 84, Number 177 (Thursday, September 12, 2019)]
[Notices]
[Pages 48143-48145]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19715]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request Re: Information Collection for Generic 
Clearance for Prize Competition Participation

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC plans periodically to conduct prize competitions 
under authority of Section 24 of the Stevenson-Wydler Technology 
Innovation Act of 1980 and the Federal Deposit Insurance Act.
    On June 25, 2019, the FDIC requested comment for 60 days from the 
general public, including persons who may

[[Page 48144]]

have an interest in participating in FDIC-sponsored or co-sponsored 
prize competitions, and other Federal agencies to comment on the 
proposal, as required by the Paperwork Reduction Act of 1995 (PRA), on 
a proposal to create a new generic collection of information for prize 
competition participants. The FDIC received one comment that was 
supportive of the FDIC's forthcoming prize competitions but did not 
suggest any changes to the burden calculations associated with the 
generic information collection. The FDIC hereby gives notice of its 
plan to submit to the Office of Management and Budget (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 October 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/notices.html.
     https://www.regulations.gov.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Jennifer Jones, 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 above address located on F Street NW, on 
business days between 7:00 a.m. and 5:00 p.m., EST.
    All comments should reference ``Information Collection for Generic 
Clearance for Prize Competition Participation.'' 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, at the FDIC mailing 
address above or by phone at 202-898-6768.

SUPPLEMENTARY INFORMATION: On June 25, 2019, the FDIC requested comment 
for 60 days from the general public, including persons who may have an 
interest in participating in FDIC-sponsored or co-sponsored prize 
competitions, and other Federal agencies to comment on the proposal, as 
required by the PRA, on a proposal to create a new generic collection 
of information for prize competition participants. The FDIC received 
one comment that was supportive of the FDIC's forthcoming prize 
competitions but did not suggest any changes to the burden calculations 
associated with the generic information collection. 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 for the Following New Generic Collection of Information

    1. Title: Generic Clearance for Prize Competition Participation.
    OMB Number: 3064-NEW.
    Form Number: None.
    Affected Public: Innovators; technologists, coders, engineers and 
developers; consumers of financial services; consumer advocates; 
academics; members of trade groups and other associations; individuals 
connected to financial institutions, community banks, and financial and 
bank service and technology providers; software, data, and technology 
firms; and other members of the public.
    Estimated Burden per Prize Competition:
    Estimated Annual Number of Respondents: 300.
    Estimated Average Time per Response: 20 hours.
    Total Estimated Annual Burden per Prize Competition: 6,000 hours.
    General Description of Collection: The FDIC seeks generic clearance 
for the collection of information requested from potential participants 
(including innovators; technologists, coders, engineers and developers; 
consumers of financial services; consumer advocates; academics; members 
of trade groups and other associations; individuals connected to 
financial institutions, community banks, and financial and bank service 
and technology providers; software, data, and technology firms; and 
other members of the public) with respect to solicitations for 
expressions of interest to participate in FDIC-sponsored or co-
sponsored prize competitions of various types, including point solution 
competitions (designed to spur the development of solutions for a 
particular problem) and exposition (designed competitions to identify 
and promote a broad range of ideas and practices to facilitate further 
development by third parties). Prize competitions and the opportunity 
to submit applications to participate will be announced on the agency's 
publicly accessible government website, as well as possibly through 
other forms of public communication, such as publication in the Federal 
Register, issuance of Financial Institution Letters, use of 
challenge.gov website maintained by the U.S. General Services 
Administration, or social media advertisement.
    In order for the FDIC to determine which applicants will be 
eligible and selected to participate in FDIC prize competitions, the 
FDIC will request that potential participants provide their name, 
contact information, address, and such other information that may be 
necessary to evaluate applicants' qualifications and ability to 
participate in the event as well as to match the applicants' 
anticipated role to the needs of the competition. Applicants will also 
be asked to acknowledge the terms and conditions of participating in 
the prize competition. Information will be collected during prize 
competitions through the solutions to the challenges or problems 
presented.
    This information collection will be voluntary. Collection in the 
form of application will be conducted primarily online with alternative 
methods made available. Collection during the events will be in-person 
or electronic. The FDIC will consult with OMB regarding each specific 
information collection during the approval period.
    The FDIC estimates that over the three-year clearance period of 
this request, up to five (5) competitions will be conducted across 
various divisions of the agency, involving a variety of topics and 
challenges associated with underserved communities and financial 
inclusion; consumer protection; the FDIC's use of information 
technology and data (including artificial intelligence and machine 
learning); and financial and technologically-driven innovation in 
banking. The total hourly burden attributed to this generic clearance 
will be 30,000 hours (6,000 hours per prize competition x 5 
competitions per year).

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 estimate 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 September 6, 2019.


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Federal Deposit Insurance Corporation
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019-19715 Filed 9-11-19; 8:45 am]
 BILLING CODE 6714-01-P