[Federal Register Volume 86, Number 69 (Tuesday, April 13, 2021)]
[Notices]
[Pages 19265-19267]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-07498]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0006; -0015; -0019; -0097]


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

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 (OMB Control No. 
3064-0006; -0015; -0019; -0097).

DATES: Comments must be submitted on or before June 14, 2021.

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 NW 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 collections of 
information:
    1. Title: Interagency Biographical and Financial Report.
    OMB Number: 3064-0006.
    Form Number: 6200/06.
    Affected Public: Individuals or households; business or other for 
profit; Insured state nonmember banks and state savings associations.
    Burden Estimate:

                                                                Summary of Annual Burden
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                                                                                    Estimated                            Estimated time     Estimated
Information collection description      Type of burden         Obligation to        number of      Estimated frequency    per response    annual burden
                                                                  respond          respondents        of responses          (hours)          (hours)
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Interagency Biographical and        Reporting............  Mandatory...........             517   On Occasion.........             4.5            2,327
 Financial Report.
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[[Page 19266]]

    Total Estimated Annual Burden: 2,327 hours.
    General Description of Collection: The Interagency Biographical and 
Financial Report is submitted to the FDIC by: (1) Each individual 
director, officer, or individual or group of shareholders acting in 
concert that will own or control 10 percent or more, of a proposed or 
operating depository institution applying for FDIC deposit insurance; 
(2) a person proposing to acquire control of an insured state nonmember 
bank, state savings association (FDIC-supervised institution) and 
certain parent companies of such entities; (3) each proposed new 
director or proposed new chief executive officer of an FDIC supervised 
institution which has undergone a change in control within the 
preceding twelve months; and (4) each proposed new director or senior 
executive officer of an FDIC-supervised institution that is not in 
compliance with all minimum capital requirements, is in troubled 
condition, or otherwise is required to provide such notice. The 
information collected is used by the FDIC to evaluate the general 
character and financial condition of individuals who will be involved 
in the management or control of financial institutions, as required by 
statute. In order to lessen the burden on applicants, the FDIC 
cooperates with the other federal banking agencies to the maximum 
extent possible in processing the various applications.
    2. Title: Interagency Bank Merger Application.
    OMB Number: 3064-0015.
    Form Number: 6220/01.
    Affected Public: Individuals or households; business or other for 
profit.
    Burden Estimate:

                                                                Summary of Annual Burden
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                                                                                      Estimated                           Estimated time     Estimated
 Information collection description      Type of burden     Obligation to respond     number of     Estimated frequency    per response    annual burden
                                                                                     respondents        of responses          (hours)         (hours)
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Interagency Bank Merger Act          Reporting............  Mandatory............             137  On Occasion..........              19           2,603
 Application--Affiliated
 Transactions.
Interagency Bank Merger Act          Reporting............  Mandatory............              83  On Occasion..........              31           2,573
 Application--Nonaffiliated
 Transactions.
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    Total Estimated Annual Burden: 5,176 hours.
    General Description of Collection: The Interagency Bank Merger Act 
Application form is used by the FDIC, the Board of Governors of the 
Federal Reserve System, and the Office of the Comptroller of the 
Currency for applications under section 18(c) of the Federal Deposit 
Insurance Act (FDIA), as amended (12 U.S.C. 1828(c)). The application 
is used for a merger, consolidation, or other combining transaction 
between nonaffiliated parties as well as to effect a corporate 
reorganization between affiliated parties (affiliate transaction). An 
affiliate transaction refers to a merger transaction or other business 
combination (including a purchase and assumption) between institutions 
that are commonly controlled (for example, between a depository 
institution and an affiliated interim institution). There are different 
levels of burden for nonaffiliate and affiliate transactions. 
Applicants proposing affiliate transactions are required to provide 
less information than applicants involved in the merger of two 
unaffiliated entities. If depository institutions are not controlled by 
the same holding company, the merger transaction is considered a 
nonaffiliate transaction.
    3. Title: Interagency Notice of Change in Control.
    OMB Number: 3064-0019.
    Form Number: 6822/01.
    Affected Public: Individuals, insured state nonmember banks, and 
insured state savings associations.
    Burden Estimate:

                                                                Summary of Annual Burden
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                                                                                    Estimated                            Estimated time     Estimated
Information collection description      Type of burden         Obligation to        number of      Estimated frequency    per response    annual burden
                                                                  respond          respondents        of responses          (hours)          (hours)
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Interagency Notice of Change in     Recordkeeping........  Mandatory...........              18   On Occasion.........            30.5              549
 Control.
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    Total Estimated Annual Burden: 549 hours.
    General Description of Collection: Section 7(j) of the FDIA (12 
U.S.C. 1817(j)) and sections 303.80-88 of the FDIC Rules and 
Regulations (12 CFR 303.80 et seq.) require that any person proposing 
to acquire control of an insured depository institution and certain 
parent companies thereof provide 60 days prior written notice of the 
proposed acquisition to the appropriate federal banking agency. Such 
written notice which pertains to the acquisition of control of an FDIC 
supervised institution and certain parent companies thereof is filed 
with the regional director of the FDIC region in which the bank is 
located. The FDIC reviews the information reported in the Notice to 
assess, in part, any anticompetitive and monopolistic effects of the 
proposed acquisition, to determine if the financial condition of any 
acquiring person or the future prospects of the institution might 
jeopardize the financial stability of the institution or prejudice the 
interests of the depositors of the institution, and to determine 
whether the competence, experience, or integrity of any acquiring 
person, or of any of the proposed management personnel, indicates that 
it would not be in the interest of the depositors of the institution, 
or in the interest of the public, to permit such persons to control the 
bank. The FDIC must also make an independent determination of the 
accuracy and completeness of all of the information required to be 
filed in conjunction with a Notice.
    1. Title: Interagency Notice of Change in Control.
    OMB Number: 3064-0097.
    Form Number: 6822/02.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

[[Page 19267]]



                                                                Summary of Annual Burden
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                                                                                    Estimated                            Estimated time     Estimated
Information collection description      Type of burden         Obligation to        number of      Estimated frequency    per response    annual burden
                                                                  respond          respondents        of responses          (hours)          (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Interagency Notice of Change in     Reporting............  Mandatory...........             107   On Occasion.........               2              214
 Director or Executive Officer.
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    Total Estimated Annual Burden: 214 hours.
    General Description of Collection: Section 32 of the FDIA (12 
U.S.C. 1831i) requires an insured depository institution or depository 
institution holding company under certain circumstances to notify the 
appropriate federal banking agency of the proposed addition of any 
individual to the board of directors or the employment of any 
individual as a senior executive officer of such institution at least 
30 days before such addition or employment becomes effective. Section 
32 of the FDIA also provides that the FDIC may disapprove an 
individual's service as a director or senior executive officer of 
certain state nonmember banks or state savings associations if, upon 
assessing the individual's competence, experience, character, and 
integrity, it is determined that the individual's service would not be 
in the best interest of the depositors of the institution or the 
public. The Interagency Notice of Change in Director or Senior 
Executive Officer, with the information contained in the Interagency 
Biographical and Financial Report (described above) as an attachment, 
is used by the FDIC to collect information relevant to assess the 
individual's competence, experience, character, and integrity.

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 April 7, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-07498 Filed 4-12-21; 8:45 am]
BILLING CODE 6714-01-P