[Federal Register Volume 86, Number 215 (Wednesday, November 10, 2021)]
[Notices]
[Pages 62530-62533]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-24553]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0072]


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 collection described below (OMB Control No. 
3064-0072).

DATES: Comments must be submitted on or before January 10, 2022.

ADDRESSES: Interested parties are invited to submit written comments to

[[Page 62531]]

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 (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 revise and extend the following currently approved 
collection of information:
    1. Title: Acquisition Services Information Requirements.
    OMB Number: 3064-0072.
    Form Number: None.
    Affected Public: Private sector, business and other for-profit 
entities.
    Burden Estimate:

                                                      Summary of Annual Burden (OMB No. 3064-0072)
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                                                                                                                                                Total
                                                           Obligation to      Number of    Responses     Time per                               annual
                                     Type of  burden          respond        respondents      per        response    Frequency of response    estimated
                                                                                           respondent                                           burden
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Request for Proposal and Price    Reporting...........  Required to Obtain           634            1         8.96  On Occasion............        5,681
 Quotation (includes Basic                               or Retain Benefits.
 Safeguards)--Solicitation/Award
 (Form 3700/55).
Request for Information.........  Reporting...........  Voluntary..........          107            1        58.74  On Occasion............        6,285
Background Investigation          Reporting...........  Required to Obtain           185            1         0.33  On Occasion............           61
 Questionnaire for Contractor                            or Retain Benefits.
 Personnel and Subcontractors
 (Form 1600/04).
Background Investigation          Reporting...........  Required to Obtain           120            1          0.5  On Occasion............           60
 Questionnaire for Contractors                           or Retain Benefits.
 (Form 1600/07).
Background Investigation          Reporting...........  Required to Obtain           185            1         0.17  On Occasion............           31
 Questionnaire for Contractors                           or Retain Benefits.
 (Form 1600/10).
Leasing Representations and       Reporting...........  Required to Obtain            15            1            1  On Occasion............           15
 Certifications (Form 3700/44).                          or Retain Benefits.
Past Performance Questionnaire    Reporting...........  Required to Obtain           400            1         0.75  On Occasion............          300
 (Form 3700/57).                                         or Retain Benefits.
Contractor Representations and    Reporting...........  Required to Obtain             1            1         0.67  On Occasion............            1
 Certifications (Form 3700/04A).                         or Retain Benefits.
Integrity and Fitness             Reporting...........  Required to Obtain             1            1         0.33  On Occasion............            1
 Representations and                                     or Retain Benefits.
 Certifications (Form 3700/12).
Prize Competitions--Application.  Reporting...........  Required to Obtain           100            1            1  On Occasion............          100
                                                         or Retain Benefits.
Prize Competitions--Proposal....  Reporting...........  Required to Obtain             5            1           60  On Occasion............          300
                                                         or Retain Benefits.
Innovation Pilot Programs--       Reporting...........  Required to Obtain           150            1           20  On Occasion............        3,000
 Application.                                            or Retain Benefits.
Innovation Pilot Programs--       Reporting...........  Required to Obtain            90            1           60  On Occasion............        5,400
 Proposal.                                               or Retain Benefits.
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    Total Hourly Burden.........  ....................  ...................  ...........  ...........  ...........  .......................       21,235
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    General Description of Collection: This information collection 
involves the submission of various forms by (1) contractors who wish to 
do business with the FDIC or are currently under contract with the 
FDIC; (2) those vendors and parties participating in innovation pilot 
programs and prize competitions with the possibility of being awarded a 
contract; and (3) government agencies or commercial businesses that 
provide FDIC with past performance information. There is no change in 
the method or substance of the collection. However, the FDIC has 
amended this submission to account for the burdens associated with 
vendors and parties participating in innovation pilot programs and 
prize competitions.
    The Federal Deposit Insurance Act (12 U.S.C. Section 1819) empowers 
the FDIC to enter into contracts using private sector contractors to 
provide goods or services. The Act also provides that the FDIC may 
promulgate policies and procedures to administer the powers granted to 
it, including the power to enter into contracts. Pursuant to such 
policies, the Acquisition and Corporate Services Branch of the FDIC's 
Division of Administration has developed forms and clauses to 
facilitate the procurement of goods and services from private sector 
contractors. The information collected through these forms and clauses 
fall under the definition of collection of information under the 
Paperwork Reduction Act of 1995 (PRA).
    During the review of the renewal of this Acquisition Services 
Information Requirements information collection, FDIC determined that 
portions of the PRA burdens that are currently under the information 
collection entitled Innovation Pilot Programs. (OMB No. 3064-0212) 
should be transferred to this information collection (OMB No. 3064-
0072). OMB No. 3064-0212 involves the collection of information from 
third parties (banks and firms in partnership with banks) who are 
invited to voluntarily propose time-limited pilot programs, which will 
be collected and considered by the FDIC on a case-by-case basis. FDIC 
has determined that the burdens associated with OMB No. 3064-0212 that 
contain the possibility of entering into a contract with the FDIC 
should be transferred to OMB No. 3064-0072. To avoid duplication of 
burden hours, OMB No. 3064-0212 will be separately amended to only 
contain the burden on IDIs and third parties that are involved in the 
various projects that third parties may engage in. FDIC

[[Page 62532]]

determined that OMB No. 3064-0072 should include the burden involved 
with the preparation and submission of applications to participate in 
FDIC-sponsored or co-sponsored prize competitions if the outcome of 
those prize competitions includes the possibility of entering into a 
contract with the FDIC. These burdens are similar to the burdens 
currently under the IC entitled Generic Clearance for Prize Competition 
Participation (OMB No. 3064-0211). However, OMB No. 3064-0211 contains 
and will continue to contain those burdens associated with prize 
competitions whose outcomes do not include the possibility of a 
entering into a contract with the FDIC.

New Burden: Prize Competitions--Estimated Number of Respondents, 
Responses and Hourly Burdens

    As described above, this ICR adds to OMB No. 3064-0072 the burdens 
involved with the preparation and submission of applications to 
participate in FDIC-sponsored or co-sponsored prize competitions if the 
outcomes of those prize competitions include the possibility of 
entering into a contract with the FDIC. The information associated with 
this burden are collected from potential and actual participants 
(including technologists, coders, engineers and developers; consumers 
of financial services; consumer advocates; academics; members of trade 
groups and other associations; individuals connected to financial 
institutions, community banks, and financial and bank service and 
technology providers; software, data, and technology firms; and other 
members of the public) of those prize competitions. The FDIC collects 
information from respondents during both an application phase and 
during a proposal phase.
    1. Application Phase: The FDIC has never conducted a prize 
competition where outcomes included the possibility of entering into a 
contract with the FDIC. FDIC anticipates that approximately 100 
applications would be received if the FDIC were to initiate such a 
prize competition. For the purposes of this ICR, FDIC assumes that each 
application is submitted by a distinct respondent. Thus, in the above 
burden table, for the line item Prize Competition--Application, FDIC 
assumes that the number of responses per respondent is one and use a 
respondent count of 100 per year.
    In order for the FDIC to determine which applicants will be 
eligible and selected to participate in FDIC prize competitions, the 
FDIC will request that potential participants provide their name, 
contact information, address, and such other information that may be 
necessary to evaluate applicants' qualifications and ability to 
participate in the event as well as to match the applicants' 
anticipated role to the needs of the competition. Applicants will also 
be asked to acknowledge the terms and conditions of participating in 
the prize competition. Based on their experience with previous prize 
competitions, FDIC estimates that respondents will spend, on average, 
one hour to prepare and submit an application.
    2. Proposal Phase: Certain participants in these prize competitions 
may be invited to present a contract proposal to be considered by the 
FDIC. Should such a prize competition occur, FDIC assumes that it would 
receive five contract proposals per year. For the purposes of this ICR, 
FDIC assumes that each proposal is submitted by a distinct respondent. 
Thus, for the line item Prize Competition--Proposal, FDIC assumes that 
the number of responses per respondent is one and use a respondent 
count of five per year.
    Based on experience with previous prize competitions, FDIC expects 
that respondents will spend, on average, 60 hours to prepare and submit 
a proposal. Thus, for the line item Prize Competition--Proposal, FDIC 
estimates a time burden of 60 hours per response.

Transferred Burden From OMB No. 3064-0212: Innovation Pilot Program-- 
Estimated Number of Respondents, Responses and Hourly Burdens

    As described above, this ICR transfers the burdens that contain the 
possibility of entering into a contract with the FDIC from OMB No. 
3064-0212 to OMB No. 3064-0072. The information associated with this 
burden are collected from innovators who are invited to voluntarily 
propose time-limited pilot programs. The program is typically conducted 
in four phases, with a declining number of companies advancing at each 
phase. The FDIC provides fixed monetary awards for the successful 
completion of some of these phases. In order to evaluate potential 
contractors, the FDIC collects information from respondents twice: 
During an application phase and during a proposal phase.
    1. Application Phase: The FDIC issues a call for concept papers as 
a general solicitation. Interested parties respond by submitting 
concept papers, thus becoming offerors. The FDIC then subjectively 
assesses those papers to determine its confidence in the prospective 
merits of those concept papers as well as the FDIC's confidence in the 
offeror's apparent ability to transform concepts into real-world 
solutions. FDIC used its experience with the first Innovation Pilot 
Program \1\ to estimate that 50 concept papers are submitted to the 
FDIC in response to a call. Although one company could submit multiple 
concept papers to one call, or different concept papers to different 
calls, the FDIC considers a concept paper submission for each call to 
be from a distinct respondent. The FDIC anticipates issuing three calls 
per year. Thus, for purposes of this information collection item, FDIC 
estimates 150 respondents per year and one response per respondent per 
year.
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    \1\ The first Innovation Pilot Program, Rapid Phased Prototyping 
(RPP), began in August 2020. Details for RPP can be found at https://www.fdic.gov/fditech/rpp.html (last accessed September 30, 2021). 
The proposal submission phase for RPP is expected to finish in 2021. 
The FDIC received 35 applications for RPP; FDIC conservatively 
estimates 50 responses per pilot program to account for the fact 
that future collections could receive increased interest. The FDIC 
also anticipates holding up to three pilots a year, for a total of 
150 estimated applications per year.
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    FDIC believes that the hourly burden for preparing concept papers 
to be similar to that of RFPs. However, the applications for pilot 
programs are usually more extensive than the average RFP. Based on the 
hourly burden estimated for RFPs, FDIC estimates that each application 
will take 20 hours to prepare and submit. Thus, for the line item 
Innovation Pilot Program--Application, FDIC estimates a time burden of 
20 hours per response.
    2. Proposal Phase: During a pilot program, all contractors who are 
participating will provide an initial summary of the terms and 
conditions (including price, deliverables, intellectual property 
rights, and so forth) it contemplates proposing for a follow-on pilot. 
The FDIC may provide feedback to the contractor and contractors may 
resubmit their proposal one or more times based on feedback received. 
Based on their experience with rapid Phase Prototyping (RPP), FDIC 
estimates that approximately 60 percent of applications received in 
response to calls for concept papers, or 90 applications per year,\2\ 
will be invited to submit contract proposal. As above, the FDIC assumes 
each response to be from a distinct respondent. Thus, for the line item 
Innovation Pilot Program--Proposal, FDIC estimates 90 respondents per 
year and one response per respondent per year.
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    \2\ 90 contract proposals = 50 application per call * 3 calls 
per year * 60%.
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    FDIC believes that, given the iterative nature of the RPP process, 
it is likely

[[Page 62533]]

that contractors will go through multiple iterations of contract 
proposals. FDIC assumes that each respondent will have to revise their 
submission twice, on average. In addition, these contract proposals 
include pricing, terms, and conditions, which will require more time 
than the concept papers. Given these differences, FDIC estimates that 
each response to an Innovation Pilot Program--Proposal will take 60 
hours to prepare and submit.

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 November 5, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-24553 Filed 11-9-21; 8:45 am]
BILLING CODE 6714-01-P