[Federal Register Volume 84, Number 241 (Monday, December 16, 2019)]
[Notices]
[Pages 68446-68449]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26981]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (OMB No. 3064-0026; -00079; -0122 and -0139)

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 collections described below. On September 30, 
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 January 15, 2020.

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:
    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
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                               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)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Transfer Agent Registration     Reporting.........  Mandatory........              12               1             .39  On Occasion......            4.73
 and Amendment Form.
                                                                      ----------------------------------------------------------------------------------
    Total Estimated Annual      ..................  .................  ..............  ..............  ..............  .................            4.73
     Burden Hours.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    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. 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

[[Page 68447]]

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
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                               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)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Application for consent to      Reporting.........  Mandatory........             118               1              11  On Occasion......           1,298
 reduce or retire capital.
                                                                      ----------------------------------------------------------------------------------
    Total Estimated Annual      ..................  .................  ..............  ..............  ..............  .................           1,298
     Burden Hours.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    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
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                               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)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Litigation Budget Form--    Reporting.........  Mandatory........             185               1            0.50  On Occasion......           92.50
 Form No, 5000/26.
Amended Litigation Budget--     Reporting.........  Mandatory........             100               1            0.50  On Occasion......           50.00
 Form 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.     Reporting.........  Mandatory........             100               1            0.50  On Occasion......           50.00
 5000/35.
Representations and             Reporting.........  Mandatory........              60               1            0.75  On Occasion......           45.00
 Certifications for Legal
 Contractors--Form No. 5210/01.
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/   Reporting.........  Mandatory........              80               1            0.50  On Occasion......           40.00
 08.
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.

[[Page 68448]]

 
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        Reporting.........  Mandatory........              65               1            0.25  On Occasion......           16.25
 (LSA)--Form No. 5210/13.
                                                                      ----------------------------------------------------------------------------------
    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
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                               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)
--------------------------------------------------------------------------------------------------------------------------------------------------------
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.

[[Page 68449]]

 
Disclosure burden for non-      Third Party        Mandatory.........               6               1               1  Annually.........               6
 government entity or person--   Disclosure.
 .6(c): Copy of agreement to
 agency.
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.
                                                                      ----------------------------------------------------------------------------------
    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.

    Dated at Washington, DC, on December 10, 2019.

Federal Deposit Insurance Corporation.
Annmarie H. Boyd,
Assistant Executive Secretary.
[FR Doc. 2019-26981 Filed 12-13-19; 8:45 am]
BILLING CODE 6714-01-P