[Federal Register Volume 86, Number 155 (Monday, August 16, 2021)]
[Notices]
[Pages 45729-45730]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-17408]


=======================================================================
-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0018; -0165]


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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

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. 
3064-0018; and -0165).

DATES: Comments must be submitted on or before October 15, 2021.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/.
     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

[[Page 45730]]

(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: Application Pursuant to Section 19 of the Federal Deposit 
Insurance Act.
    OMB Number: 3064-0018.
    Form Number: 6710-07.
    Affected Public: Individuals and FDIC-insured depository 
institutions.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                     Estimated     Estimated   Estimated
                                                                                                     Estimated        average      time per     annual
   Information collection description           Type of  burden         Obligation  to respond       number of     frequency of    response     burden
                                                                                                    respondents      response       (hours)     (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Application Pursuant to Section 19 of     Reporting.................  Mandatory.................              73               1    16 hours       1,168
 the Federal Deposit Insurance Act.                                                                                                                hours
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Total Estimated Annual Burden: 1,168 hours.
    General Description of Collection: Section 19 of the Federal 
Deposit Insurance Act (FDI), 12 U.S.C. Section 1829, requires the 
FDIC's consent prior to any participation in the affairs of an insured 
depository institution by an individual who has been convicted of 
crimes involving dishonesty or breach of trust, and included drug-
related convictions. To obtain that consent, certain individuals and 
insured depository institutions must submit an application to the FDIC 
for approval on Form FDIC 6710/07.
    2. Title: Pillar 2 Guidance--Advanced Capital Framework.
    OMB Number: 3064-0165.
    Form Number: None.
    Affected Public: Insured state nonmember banks and certain 
subsidiaries of these entities.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                   Estimated   Estimated
                                                                                                     Estimated       Estimated     time per     annual
   Information collection description           Type of burden           Obligation to respond       number of     frequency of    response     burden
                                                                                                    respondents      responses      (hours)     (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Pillar 2 Guidance.......................  Recordkeeping.............  Voluntary.................               1               4   105 hours   420 hours
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Total Estimated Annual Burden: 420 hours.
    General Description of Collection: There has been no change in the 
method or substance of this information collection. The number of 
institutions subject to the record keeping requirements has decreased 
from eight (8) to two (2). In 2008 the Office of the Comptroller of the 
Currency, the Board of Governors of the Federal Reserve System and the 
FDIC issued a supervisory guidance document related to the supervisory 
review process of capital adequacy (Pillar 2) in connection with the 
implementation of the Basel II Advanced Capital Framework.1 Sections 
37, 41, 43 and 46 of the guidance include possible information 
collections. Section 37 provides that banks should state clearly the 
definition of capital used in any aspect of its internal capital 
adequacy assessment process (ICAAP) and document any changes in the 
internal definition of capital. Section 41 provides that banks should 
maintain thorough documentation of its ICAAP. Section 43 specifies that 
the board of directors should approve the bank's ICAAP, review it on a 
regular basis and approve any changes. Section 46 recommends that 
boards of directors periodically review the assessment of overall 
capital adequacy and analyze how measures of internal capital adequacy 
compare with other capital measures such as regulatory or accounting.

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 August 10, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-17408 Filed 8-13-21; 8:45 am]
BILLING CODE 6714-01-P