[Federal Register Volume 84, Number 182 (Thursday, September 19, 2019)]
[Notices]
[Pages 49298-49302]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-20216]


-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (OMB No. 3064-0046; -0113; -0169; -0174; and -
0191)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

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

-----------------------------------------------------------------------

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. On July 12, 2019, 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 information collections, and again invites comment on 
their renewal.

DATES: Comments must be submitted on or before October 21, 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), Regulatory 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, Regulatory Counsel, 202-
898-3767, [email protected], MB-3128, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On July 12, 2019, the FDIC requested comment 
for 60 days on a proposal to renew the information collections 
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 
these collection, and again invites \1\ comment on their renewal.

Proposal To Renew the Following Currently Approved Collections of 
Information

    1. Title: Home Mortgage Disclosure (HMDA).
    OMB Control Number: 3064-0046.
    Form Number: None.
    Affected Public: Insured state nonmember banks.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                Total
                                                                                 Estimated    Estimated    Estimated                          estimated
    Information collection (IC)        Type of burden         Obligation to      number of    number of     time per       Frequency of         annual
            description                                          respond        respondents   responses     response         response           burden
                                                                                                           (minutes)                           (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                      Full Data Set
--------------------------------------------------------------------------------------------------------------------------------------------------------
Home Mortgage Disclosure..........  Reporting...........  Mandatory...........          650        1,400            5  On Occasion.........       75,833
                                    Recordkeeping.......  Mandatory...........          650        1,400            5  On Occasion.........       75,833
--------------------------------------------------------------------------------------------------------------------------------------------------------

[[Page 49299]]

 
                                                                    Partial Data Set
--------------------------------------------------------------------------------------------------------------------------------------------------------
Home Mortgage Disclosure..........  Recordkeeping.......  Mandatory...........        1,200          200          2.5  On Occasion.........       10,000
                                    Reporting...........  Mandatory...........        1,200          200          2.5  On Occasion.........       10,000
                                                                               ---------------------------------------                      ------------
    Total Estimated Annual Burden   ....................  ....................  ...........  ...........  ...........  ....................  \2\ 171,667
     Hours.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Board of Governors of the 
Federal Reserve System promulgated Regulation C, 12 CFR part 203, to 
implement the Home Mortgage Disclosure Act (HMDA), 12 U.S.C. 2801-2810. 
Regulation C requires depository institutions that meet its asset-size 
threshold to maintain data about home loan applications (the type of 
loan requested, the purpose of the loan, whether the loan was approved, 
and the type of purchaser if the loan was later sold), to update the 
information quarterly, and to report the information annually. The Home 
Mortgage Disclosure Act and Regulation C now come under the authority 
of the Consumer Financial Protection Bureau (CFPB).
---------------------------------------------------------------------------

    \2\ The one-hour difference in the Total Estimated Annual Burden 
Hours is due to rounding.
---------------------------------------------------------------------------

    Pursuant to Regulation C, insured state-nonmember banks supervised 
by the FDIC with assets over a certain dollar threshold must collect, 
record, and report data about home loan applications.\3\ For 2017 
transactions, 1,865 FDIC-supervised institutions reported under HMDA; 
1,217 of these institutions were small entities.4 5 For 
transactions beginning in 2018, the set of data fields to be reported 
under HMDA was expanded. Institutions that meet certain criteria are 
partially exempt from reporting certain data fields.\6\ To estimate the 
number of Full and Partial filers for 2018, subject matter experts 
(SMEs) in the Division of Consumer Protection (DCP) examined 2016 and 
2017 data collected under HMDA, as well as preliminary data for 2018. 
Results from this analysis indicate that for 2018 data, there were 
roughly 650 and 1,200 respondents to the Full and Partial reporting 
requirements of this information collection, respectively. The 
frequency of responses was estimated by taking the total number of Full 
and Partial disclosure filings and dividing that number by the number 
of respondents.\7\
---------------------------------------------------------------------------

    \3\ Regulation C, 12 CFR part 1003, Home Mortgage Disclosure, 
https://www.govinfo.gov/content/pkg/CFR-2018-title12-vol8/pdf/CFR-2018-title12-vol8-part1003-appA.pdf.
    \4\ The SBA defines a small banking organization as having $550 
million or less in assets, where ``a financial institution's assets 
are determined by averaging the assets reported on its four 
quarterly financial statements for the preceding year.'' See 13 CFR 
121.201 (as amended, effective December 2, 2014). ``SBA counts the 
receipts, employees, or other measure of size of the concern whose 
size is at issue and all of its domestic and foreign affiliates.'' 
See 13 CFR 121.103. Following these regulations, the FDIC uses a 
covered entity's affiliated and acquired assets, averaged over the 
preceding four quarters, to determine whether the covered entity is 
``small'' for the purposes of RFA.
    \5\ Call Report, December 31, 2017.
    \6\ Interpretive and Procedural Rule, Partial Exemptions from 
the Requirements of the Home Mortgage Disclosure Act under the 
Economic Growth, Regulatory Relief, and Consumer Protection Act 
(Regulation C), 83 FR 45325 https://www.federalregister.gov/documents/2018/09/07/2018-19244/partial-exemptions-from-the-requirements-of-the-home-mortgage-disclosure-act-under-the-economic.
    \7\ 910,000 Full Data disclosures / 650 respondents = 1,400 
disclosures per respondent.
    240,000 Partial Data disclosures / 1,200 respondents = 200 
disclosures per respondent.
---------------------------------------------------------------------------

    The frequency of response is `on occasion', which remains unchanged 
from the 2016 ICR.\8\ Due to an increase in the number of required 
items, the estimated time per response for the Full Data loan 
disclosure form will increase from 5 minutes to 10 minutes. The 
estimated time per response for the Partial Data loan disclosure form 
will remain unchanged at 5 minutes. For both the Full and Partial loan 
disclosure, the estimated burden is divided equally among reporting and 
recordkeeping.

    \8\ See https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=20151203064-006.
---------------------------------------------------------------------------

    2. Title: External Audits.
    OMB Control Number: 3064-0113.
    Form Number: None.
    Affected Public: All insured financial institutions with total 
assets of $500 million or more and other insured financial institutions 
with total assets of less than $500 million that voluntarily choose to 
comply.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                Total
                                                                                 Estimated    Estimated    Estimated                          estimated
    Information collection (IC)        Type of burden         Obligation to      number of    number of     time per       Frequency of         annual
            description                                          respond        respondents   responses     response         response           burden
                                                                                                            (hours)                            (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                          FDIC Supervised Institutions with $10 Billion or More in Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report.....................  Recordkeeping.......  Mandatory...........           28            1          150  Annually............        4,200
                                    Reporting...........  Mandatory...........           28            1          150  Annually............        4,200
Audit Committee Composition.......  Recordkeeping.......  Mandatory...........           28            1            3  Annually............           84
                                    Reporting...........  Mandatory...........           28            1            3  Annually............           84
Filing of Other Reports...........  Recordkeeping.......  Mandatory...........           28            1         .125  Annually............          3.5
                                    Reporting...........  Mandatory...........           28            1         .125  Annually............          3.5
Notice of Change in Accountants...  Recordkeeping.......  Mandatory...........            7            1          .25  Annually............         1.75
                                    Reporting...........  Mandatory...........            7            1          .25  Annually............         1.75
                                                                               ---------------------------------------                      ------------
    FDIC Supervised Institutions    ....................  ....................  ...........  ...........  ...........  ....................      8,578.5
     with $10 Billion or More in
     Total Assets.
--------------------------------------------------------------------------------------------------------------------------------------------------------

[[Page 49300]]

 
                                       FDIC Supervised Institutions with $3 Billion to $10 Billion in Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report.....................  Recordkeeping.......  Mandatory...........           98            1          125  Annually............       12,250
                                    Reporting...........  Mandatory...........           98            1          125  Annually............       12,250
Audit Committee Composition.......  Recordkeeping.......  Mandatory...........           98            1            3  Annually............          294
                                    Reporting...........  Mandatory...........           98            1            3  Annually............          294
Filing of Other Reports...........  Recordkeeping.......  Mandatory...........           98            1         .125  Annually............        12.25
                                    Reporting...........  Mandatory...........           98            1         .125  Annually............        12.25
Notice of Change in Accountants...  Recordkeeping.......  Mandatory...........           25            1          .25  Annually............         6.25
                                    Reporting...........  Mandatory...........           25            1          .25  Annually............         6.25
                                                                               ---------------------------------------                      ------------
    FDIC Supervised Institutions    ....................  ....................  ...........  ...........  ...........  ....................       25,125
     with $3 Billion to $10
     Billion in Total Assets.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                       FDIC Supervised Institutions with $1 Billion to $3 Billion in Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report.....................  Recordkeeping.......  Mandatory...........          225            1          100  Annually............       22,500
                                    Reporting...........  Mandatory...........          225            1          100  Annually............       22,500
Audit Committee Composition.......  Recordkeeping.......  Mandatory...........          225            1            2  Annually............          450
                                    Reporting...........  Mandatory...........          225            1            2  Annually............          450
Filing of Other Reports...........  Recordkeeping.......  Mandatory...........          225            1         .125  Annually............       28.125
                                    Reporting...........  Mandatory...........          225            1         .125  Annually............       28.125
Notice of Change in Accountants...  Recordkeeping.......  Mandatory...........           56            1          .25  Annually............           14
                                    Reporting...........  Mandatory...........           56            1          .25  Annually............           14
                                                                               ---------------------------------------                      ------------
    FDIC Supervised Institutions    ....................  ....................  ...........  ...........  ...........  ....................    45,984.25
     with $1 Billion to $3 Billion
     in Total Assets.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                      FDIC Supervised Institutions with $500 Million to $1 Billion in Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report.....................  Recordkeeping.......  Mandatory...........          401            1         12.5  Annually............      5,012.5
                                    Reporting...........  Mandatory...........          401            1         12.5  Annually............      5,012.5
Audit Committee Composition.......  Recordkeeping.......  Mandatory...........          401            1            1  Annually............          401
                                    Reporting...........  Mandatory...........          401            1            1  Annually............          401
Filing of Other Reports...........  Recordkeeping.......  Mandatory...........          401            1         .125  Annually............       50.125
                                    Reporting...........  Mandatory...........          401            1         .125  Annually............       50.125
Notice of Change in Accountants...  Recordkeeping.......  Mandatory...........          100            1          .25  Annually............           25
                                    Reporting...........  Mandatory...........          100            1          .25  Annually............           25
                                                                               ---------------------------------------                      ------------
    FDIC Supervised Institutions    ....................  ....................  ...........  ...........  ...........  ....................    10,977.25
     with $500 Million to $1
     Billion in Total Assets.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                        FDIC Supervised Institutions with Less Than $500 Million in Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Filing of Other Reports...........  Recordkeeping.......  Mandatory...........        3,291            1          .25  Annually............       822.75
                                    Reporting...........  Mandatory...........        3.291            2          .25  Annually............      1,645.5
                                                                               ---------------------------------------                      ------------
    FDIC Supervised Institutions    ....................  ....................  ...........  ...........  ...........  ....................     2,468.25
     with $500 Million to $1
     Billion in Total Assets.
                                                                               ---------------------------------------                      ------------
        Total Estimated Annual      ....................  ....................  ...........  ...........  ...........  ....................    93,133.25
         Burden.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: FDIC's regulations at 12 CFR 
part 363 establish annual independent audit and reporting requirements 
for financial institutions with total assets of $500 million or more. 
The requirements include the submission of an annual report on their 
financial statements, recordkeeping about management deliberations 
regarding external auditing and reports about changes in auditors. The 
information collected is used to facilitate early identification of 
problems in financial management at financial institutions.
    3. Title: Qualifications for Failed Bank Acquisitions.
    OMB Control Number: 3064-0169.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                Total
                                                                                 Estimated    Estimated    Estimated                          estimated
    Information collection (IC)        Type of burden         Obligation to      number of    number of     time per       Frequency of         annual
            description                                          respond        respondents   responses     response         response           burden
                                                                                                            (hours)                            (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Section D--Investor Reports on      Reporting...........  Mandatory...........            3           12            2  On Occasion.........           72
 Affiliates.
Section E--Maintenance of Business  Recordkeeping.......  Mandatory...........            3            4            2  On Occasion.........           24
 Books and Records.

[[Page 49301]]

 
Section I--Disclosures Regarding    Reporting...........  Mandatory...........            3            4            4  On Occasion.........           48
 Investors and Entities in
 Ownership Chain.
                                                                               ---------------------------------------                      ------------
    Total Estimated Annual Burden   ....................  ....................  ...........  ...........  ...........  ....................          144
     Hours.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The FDIC's policy statement on 
Qualifications for Failed Bank Acquisitions provides guidance to 
private capital investors interested in acquiring or investing in 
failed insured depository institutions regarding the terms and 
conditions for such investments or acquisitions. The information 
collected pursuant to the policy statement allows the FDIC to evaluate, 
among other things, whether such investors (and their related 
interests) could negatively impact the Deposit Insurance Fund, increase 
resolution costs, or operate in a manner that conflict with statutory 
safety and soundness principles and compliance requirements.
    There were eight (8) bank failures in 2015, five (5) failures in 
2016, eight (8) failures in 2017, and zero bank failures in 2018 and 
one in the first eight months of 2019. This is an average of fewer than 
5 bank failures per year. Based on this recent data, the declining 
trend in failures, and the improvement in bank financial conditions, 
the FDIC believes that it is appropriate to reduce the expected number 
of respondents for Sections D and I from 10 per year to 3 while keeping 
the expected number of respondents at 3 per year for Section E.
    The estimated total number of hours per respondent, per year will 
remain unchanged at 48 hours. The 48 hours is comprised of 12 monthly 
reports of two hours each for Section D, four quarterly reports of two 
hours each for Section E, and four quarterly reports of four hours each 
for Section I. Thus the total estimated annual burden for the ICR is 
144 hours as reflected in the table above This represents a reduction 
of 280 hours from the 2016 estimate of 424 hours.
    4. Title: Funding and Liquidity Risk Management.
    OMB Control Number: 3064-0174.
    Form Number: None.
    Affected Public: Businesses or other for-profits.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                Total
                                                                                 Estimated    Estimated    Estimated                          estimated
    Information collection (IC)        Type of burden         Obligation to      number of    number of     time per       Frequency of         annual
            description                                          respond        respondents   responses     response         response           burden
                                                                                                            (hours)                            (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Par. 14--Strategies, Policies,      Recordkeeping.......  Voluntary...........        3,483            1           96  On Occasion.........      334,368
 Procedures and Risk Tolerances.
Par. 20--Liquidity Risk             Reporting...........  Voluntary...........        3,483           12            4  On Occasion.........      167,184
 Management, Measurement,
 Monitoring and Reporting.
                                                                               ---------------------------------------                      ------------
    Total Estimated Annual Burden   ....................  ....................  ...........  ...........  ...........  ....................      501,552
     Hours.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The information collection 
includes reporting and recordkeeping requirements related to sound risk 
management principles applicable to insured depository institutions. To 
enable an institution and its supervisor to evaluate the liquidity risk 
exposure of an institution's individual business lines and for the 
institution as a whole, the Interagency Policy Statement on Funding and 
Liquidity Risk Management (Interagency Statement) summarizes principles 
of sound liquidity risk management and advocates the establishment of 
policies and procedures that consider liquidity costs, benefits, and 
risks in strategic planning. In addition, the Interagency Statement 
encourages the use of liquidity risk reports that provide detailed and 
aggregate information on items such as cash flow gaps, cash flow 
projections, assumptions used in cash flow projections, asset and 
funding concentrations, funding availability, and early warning or risk 
indicators. This is intended to enable management to assess an 
institution's sensitivity to changes in market conditions, the 
institution's financial performance, and other important risk factors.
    5. Title: Interagency Guidance on Leveraged Lending.
    OMB Control Number: 3064-0191.
    Form Number: None.
    Affected Public: Insured state nonmember banks and savings 
associations.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                Total
                                                                                 Estimated    Estimated    Estimated                          estimated
    Information collection (IC)        Type of burden         Obligation to      number of    number of     time per       Frequency of         annual
            description                                          respond        respondents   responses     response         response           burden
                                                                                                            (hours)                            (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Interagency Guidance on Leveraged   Recordkeeping.......  Voluntary...........            1            1          988  On Occasion.........          988
 Lending--Implementation.
Interagency Guidance on Leveraged   Recordkeeping.......  Voluntary...........            6            1        527.3  On Occasion.........        3,164
 Lending--Ongoing.
                                                                               ---------------------------------------                      ------------

[[Page 49302]]

 
    Total Estimated Annual Burden   ....................  ....................  ...........  ...........  ...........  ....................        4,152
     Hours.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Interagency Guidance on 
Leveraged Lending (Guidance) outlines for agency-supervised 
institutions high level principles related to safe-and sound leveraged 
lending activities, including underwriting considerations, assessing 
and documenting enterprise value, risk management expectations for 
credits awaiting distribution, stress testing expectations, pipeline 
portfolio management, and risk management expectations for exposures 
held by the institution.
    This Guidance provides information to all financial institutions 
supervised by the Office of the Comptroller of the Currency, the Board 
of Governors of the Federal Reserve System and the FDIC (the Agencies) 
that engage in leveraged lending activities. The number of community 
banks with substantial involvement in leveraged lending is small; 
therefore, the Agencies generally expect community banks to be largely 
unaffected by this information collection. 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.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on September 12, 2019.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019-20216 Filed 9-18-19; 8:45 am]
 BILLING CODE 6714-01-P