[Federal Register Volume 84, Number 189 (Monday, September 30, 2019)]
[Notices]
[Pages 51566-51569]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-21107]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request (OMB No. 3064-0026; -0079; -0122; and -0139)
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 (PRA), invites the general public and other
Federal agencies to take this opportunity to comment on the renewal of
the existing information collections described below (3064-0026; -
0079;-0122; and -0139).
DATES: Comments must be submitted on or before November 29, 2019.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
FDIC Website: 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.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
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,
[[Page 51567]]
550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collection of
information:
1. Title: Transfer Agent Registration and Amendment Form.
OMB Number: 3064-0026.
Form: Transfer Agent Registration and Amendment Form (Form TA-1).
Affected Public: Private Sector, insured state nonmember banks and
state savings associations.
Burden Estimate:
Summary of Annual Burden
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Total
Information collection (IC) Obligation to Estimated Estimated Estimated time Frequency of estimated
description Type of burden respond number of number of per response response annual burden
respondents responses (hours) (hours)
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Transfer Agent Registration Reporting......... Mandatory........ 12 1 .39 On Occasion...... 4.73
and Amendment Form.
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Total Estimated Annual .................. ................. .............. .............. .............. ................. 4.73
Burden Hours.
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General Description of Collection: Section 17A(c) of the Security
Exchange Act of 1934 (the Act) requires all transfer agents for
securities registered under section 12 of the Act or, if the security
would be required to be registered except for the exemption from
registration provided by Section 12(g)(2)(B) or Section 12(g)(2)(G), to
``fil[e] with the appropriate regulatory agency . . . an application
for registration in such form and containing such information and
documents . . . as such appropriate regulatory agency may prescribe as
necessary or appropriate in furtherance of the purposes of this
section.'' In general, an entity performing transfer agent functions
for a security is required to register with its appropriate regulatory
agency (ARA) if the security is registered on a national securities
exchange or if the issuer of the security has total assets exceeding
$10 million and a class of equity security held of record by 2,000
persons or, for an issuer that is not a bank, BHC, or SLHC, by 500
persons who are not accredited investors.2 The Board's Regulation H (12
CFR 208.31(a)) and Regulation Y (12 CFR 225.4(d)), the OCC's 12 CFR
9.20, and the FDIC's 12 CFR part 341 implement these provisions of the
Act. To accomplish the registration of transfer agents, Form TA-1 was
developed in 1975 as an interagency effort by the Securities and
Exchange Commission (SEC) and the agencies. The agencies primarily use
the data collected on Form TA-1 to determine whether an application for
registration should be approved, denied, accelerated or postponed, and
they use the data in connection with their supervisory
responsibilities.
2. Title: Application for Consent to Reduce or Retire Capital.
OMB Number: 3064-0079.
Form: None.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
Summary of Annual Burden
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Total
Information collection (IC) Obligation to Estimated Estimated Estimated time Frequency of estimated
description Type of burden respond number of number of per response response annual burden
respondents responses (hours) (hours)
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Application for consent to Reporting......... Mandatory........ 118 1 11 On Occasion...... 1,298
reduce or retire capital.
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Total Estimated Annual .................. ................. .............. .............. .............. ................. 1,298
Burden Hours.
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General Description of Collection: Insured state nonmember banks
proposing to change their capital structure must submit an application
containing information about the proposed change to obtain FDIC's
consent to reduce or retire capital.
3. Title: Forms Relating to FDIC Outside Counsel, Legal Support and
Expert Services Programs.
OMB Number: 3064-0122.
Forms: See Table below.
Affected Public: Entities providing legal and expert services to
the FDIC.
Burden Estimate:
Summary of Annual Burden
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Estimated Total
Information collection (IC) Obligation to Estimated Estimated time per Frequency of estimated
description Type of burden respond number of number of response response annual burden
respondents responses (hours) (hours)
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Non-Litigation Budget Form Reporting......... Mandatory........ 185 1 0.50 On Occasion...... 92.50
Form No, 5000/26.
Amended Litigation Budget Form Reporting......... Mandatory........ 100 1 0.50 On Occasion...... 50.00
No. 5000/31.
Amended Non-Litigation Budget Reporting......... Mandatory........ 50 1 0.50 On Occasion...... 25.00
Form No. 5000/33.
Litigation Budget Form No.5000/ Reporting......... Mandatory........ 100 1 0.50 On Occasion...... 50.00
35.
Representations and Reporting......... Mandatory........ 60 1 0.75 On Occasion...... 45.00
Certifications for Legal
Contractors Form No.5210/01.
[[Page 51568]]
Expert Invoice for Fees and Reporting......... Mandatory........ 50 1 0.50 On Occasion...... 25.00
Expenses (EIF&E) Form No.
5000/01.
Legal Support Services (LSS) Reporting......... Mandatory........ 30 1 0.50 On Occasion...... 15.00
Provider Invoice for Fees and
Expenses (IF&E) Form No..
Agreement for Services (Expert/ Reporting......... Mandatory........ 30 1 1.00 On Occasion...... 30.00
Legal Support Services (LSS)
Provider) Amendment Form No.
5210/03.
Agreement for Services (Expert/ Reporting......... Mandatory........ 100 1 1.00 On Occasion...... 100.00
Legal Support Services (LSS)
Provider) Rate Schedule Form
No. 5210/04.
Legal Services Agreement (LSA) Reporting......... Mandatory........ 50 1 1.00 On Occasion...... 50.00
Amendment Form No. 5210/06.
Expert budget Form No. 5210/08 Reporting......... Mandatory........ 80 1 0.50 On Occasion...... 40.00
Representations and Reporting......... Mandatory........ 65 1 1.00 On Occasion...... 65.00
Certifications for Experts
and Legal Support Services
Providers Form No. 5210/09.
Outside Counsel Legal Services Reporting......... Mandatory........ 65 1 1.00 On Occasion...... 65.00
Agreement Rate Schedule Form
No. 5210/10.
Legal Invoice for Fees and Reporting......... Mandatory........ 100 1 1.00 On Occasion...... 100.00
Expenses Form No. 5210/11.
Firm Travel Voucher Form No. Reporting......... Mandatory........ 100 1 1.00 On Occasion...... 100.00
5210/12.
Oral Representations and Reporting......... Mandatory........ 50 1 0.50 On Occasion...... 25.00
Certifications for Expert
Legal Support Services
Telephone Authorization For
Expenditures Under $5,000
Form No. 5210/14.
Legal Support Services (LSS) Reporting......... Mandatory........ 25 1 0.50 On Occasion...... 12.50
Provider Budget Form Form No.
5210/15.
Legal Services Agreement (LSA) Reporting......... Mandatory........ 65 1 0.25 On Occasion...... 16.25
Form No. 5210/13.
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Total Estimated Annual .................. ................. .............. .............. .............. ................. 906.25
Burden Hours.
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General Description of Collection: The information collected
enables the FDIC to ensure that all individuals, businesses and firms
seeking to provide legal support services to the FDIC meet the
eligibility requirements established by Congress. The information is
also used to manage and monitor payments to contractors, document
contract amendments, expiration dates, billable individuals, minority
law firms, and to ensure that law firms, experts, and other legal
support services providers comply with statutory and regulatory
requirements. This collection consists of 18 forms.
4. Title: CRA Sunshine.
OMB Number: 3064-0139.
Forms: None.
Affected Public: Insured state nonmember banks and state savings
associations and their affiliates and nongovernmental entities and
persons.
Burden Estimate:
Summary of Annual Burden
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Estimated Total
Information collection (IC) Obligation to Estimated Estimated time per Frequency of estimated
description Type of burden respond number of number of response response annual burden
respondents responses (hours) (hours)
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Disclosure burden for insured Third Party Mandatory........ 10 1 1 Annually......... 14
depository institutions and Disclosure.
affiliates--.6(b) covered
agreements to public.
Disclosure burden for insured Third Party Mandatory........ 10 1 1 Annually......... 14
depository institutions and Disclosure.
affiliates--.6(d) copy of
agreement to agency.
Disclosure burden for insured Third Party Mandatory........ 10 1 1 Annually......... 14
depository institutions and Disclosure.
affiliates--.6(b)(ii) list of
agreements to agency.
Disclosure burden for insured Third Party Mandatory........ 10 1 1 Annually......... 14.00
depository institutions and Disclosure.
affiliates--.6(d) agreements
relating to activities of CRA
affiliates.
Reporting burden for insured Reporting......... Mandatory........ 10 1 4 Annually......... 40
depository institutions and
affiliates--.7(b) annual
report.
Reporting burden for insured Reporting......... Mandatory........ 6 1 1 Annually......... 6
depository institutions and
affiliates--.7(f)(2)(ii):
Filing NGEP annual report.
Disclosure burden for non- Third Party Mandatory........ 6 1 1 Annually......... 6
government entity or person-- Disclosure.
.6(c): Copy of agreement to
agency.
[[Page 51569]]
Disclosure burden for non- Third Party Mandatory........ 6 1 1 Annually......... 6
government entity or person-- Disclosure.
.6(b): Covered agreements to
public.
Reporting burden for NGEP-- Reporting......... Mandatory........ 6 1 4 Annually......... 24
.7(b): Annual report.
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Total Estimated Annual .................. ................. .............. .............. .............. ................. 138
Burden Hours.
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General Description of Collection: This collection implements a
statutory requirement imposing reporting, disclosure and recordkeeping
requirements on some community reinvestment-related agreements between
insured depository institutions or affiliates, and nongovernmental
entities or persons. The information assists interested members of the
public in assessing whether the parties are fulfilling their
agreements, and helps the agencies understand how the institutions they
regulate are fulfilling their CRA responsibilities.
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 25, 2019.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019-21107 Filed 9-27-19; 8:45 am]
BILLING CODE 6714-01-P