[Federal Register Volume 86, Number 230 (Friday, December 3, 2021)]
[Notices]
[Pages 68662-68664]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-26259]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Privacy Act of 1974; System of Records

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of new system of records.

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SUMMARY: Pursuant to the provisions of the Privacy Act of 1974, as 
amended, the FDIC is establishing FDIC-037, FDITECH Information. This 
system of records maintains information collected by FDITECH, FDIC's 
innovation arm. FDITECH is the focal point for the FDIC's efforts to 
promote responsible innovation in the financial services sector. 
Through partnerships and engagements, FDITECH allows innovators to 
engage with the FDIC, provide ideas, and assist the FDIC in the 
implementation of innovative technology ideas.

DATES: This action will become effective on December 3, 2021. The 
routine uses in this action will become effective on January 3, 2022, 
unless the FDIC makes changes based on comments received. Written 
comments should be submitted on or before January 3, 2022.

ADDRESSES: Interested parties are invited to submit written comments 
identified by Privacy Act Systems of Records by any of the following 
methods:
     Agency website: https://www.fdic.gov/resources/regulations/federal-register-publications/index.html. Follow the 
instructions for submitting comments on the FDIC website.
     Email: [email protected].
     Mail: Shannon Dahn, Chief, Privacy Program, 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.

FOR FURTHER INFORMATION CONTACT: Shannon Dahn, Chief, Privacy Program, 
(703) 516-5500, [email protected].

SUPPLEMENTARY INFORMATION: Pursuant to the Privacy Act of 1974, FDIC is 
establishing a new system of records, FDIC-037 FDITECH Information. 
FDITECH promotes FDIC's mission to maintain stability and public 
confidence in the nation's financial system by promoting the adoption 
of innovative and transformative technologies in the financial services 
sector. FDITECH works with private sector innovators and its regulatory 
partners to help lay the foundation for the future of banking. Its 
staff engages across the financial and non-financial sectors to 
encourage and help facilitate the development of technology-driven 
capabilities that create safer banks, provide consumers better and 
safer choices, and make the FDIC more efficient.
    Through partnerships and engagements with universities,

[[Page 68663]]

companies, and private citizens, FDITECH allows innovators to engage 
with the FDIC, provide ideas, and assist the FDIC in the implementation 
of innovative technology ideas. As part of the engagement process, FDIC 
may review information to ensure that prospective participants and 
partners do not have conflicts or issues that may disqualify them from 
working with the FDIC. This SORN describes information collected from 
individuals who seek information or seek to participate in activities 
hosted by FDITECH.

SYSTEM NAME AND NUMBER:
    FDITECH Information, FDIC-037.

SECURITY CLASSIFICATION:
    Unclassified.

SYSTEM LOCATION:
    The systems of record is located on the FDIC intranet. Duplicate 
systems may exist, in whole or in part, at secure sites and on secure 
servers maintained by third-party service providers for the FDIC.

SYSTEM MANAGER(S):
    Chief Innovation Officer, 3501 N. Fairfax Drive, Arlington, VA 
22226, [email protected].

AUTHORITY FOR MAINTENANCE OF THE SYSTEM:
    12 U.S.C. 1819(a), 1820(a); 15 U.S.C. 3719, as amended.

PURPOSE(S) OF THE SYSTEM:
    FDIC collects the information in this system of record to 
facilitate an individual's participation in projects and programs 
hosted by FDITECH. FDIC may use the information collected to 
communicate and collaborate with interested individuals or entities on 
FDITECH initiatives and to ensure that any individuals are eligible to 
work with the FDIC or participate in FDITECH activities. Additionally, 
FDIC may use the information to follow up with individuals who interact 
with FDITECH for future collaboration.

CATEGORIES OF INDIVIDUALS COVERED BY THE SYSTEM:
    Individuals who request information from FDITECH or participate or 
partner in FDITECH initiatives.

CATEGORIES OF RECORDS IN THE SYSTEM:
    Categories of records includes: Name; phone number; email address; 
current or previous organizational or institutional affiliation; areas 
of expertise (e.g., developer, designer, data scientist); relevant work 
experience; eligibility check results; industry type.

RECORD SOURCE CATEGORIES:
    The information in this system is collected in part directly from 
the individual or submitted on behalf of an individual by a team lead. 
Information may also be collected from FDIC source systems.

ROUTINE USES OF RECORDS MAINTAINED IN THE SYSTEM, INCLUDING CATEGORIES 
OF USERS AND PURPOSES OF SUCH USES:
    In addition to those disclosures generally permitted under 5 U.S.C. 
552a(b) of the Privacy Act, all or a portion of the records or 
information contained in this system may be disclosed outside the FDIC 
as a routine use as follows:
    (1) To appropriate Federal, State, local and foreign authorities 
responsible for investigating or prosecuting a violation of, or for 
enforcing or implementing a statute, rule, regulation, or order issued, 
when the information indicates a violation or potential violation of 
law, whether civil, criminal, or regulatory in nature, and whether 
arising by general statute or particular program statute, or by 
regulation, rule, or order issued pursuant thereto;
    (2) To a court, magistrate, or other administrative body in the 
course of presenting evidence, including disclosures to counsel or 
witnesses in the course of civil discovery, litigation, or settlement 
negotiations or in connection with criminal proceedings, when the FDIC 
is a party to the proceeding or has a significant interest in the 
proceeding, to the extent that the information is determined to be 
relevant and necessary;
    (3) To a congressional office in response to an inquiry made by the 
congressional office at the request of the individual who is the 
subject of the record;
    (4) To appropriate agencies, entities, and persons when (a) the 
FDIC suspects or has confirmed that there has been a breach of the 
system of records; (b) the FDIC has determined that as a result of the 
suspected or confirmed breach there is a risk of harm to individuals, 
the FDIC (including its information systems, programs, and operations), 
the Federal Government, or national security; the FDIC and (c) the 
disclosure made to such agencies, entities, and persons is reasonably 
necessary to assist in connection with the FDIC's efforts to respond to 
the suspected or confirmed breach or to prevent, minimize, or remedy 
such harm;
    (5) To another Federal agency or Federal entity, when the FDIC 
determines that information from this system of records is reasonably 
necessary to assist the recipient agency or entity in (a) responding to 
a suspected or confirmed breach or (b) preventing, minimizing, or 
remedying the risk of harm to individuals, the recipient agency or 
entity (including its information systems, programs, and operations), 
the Federal Government, or national security, resulting from a 
suspected or confirmed breach.
    (6) To other U.S. and international financial regulators, when 
necessary to facilitate regulatory discussions around technology 
innovations.
    (7) To participants of FDITECH initiatives and other entities, to 
the extent that the disclosure facilitates collaboration and discussion 
around technology innovation.

POLICIES AND PRACTICES FOR STORAGE OF RECORDS:
    Records are stored in electronic media.

POLICIES AND PRACTICES FOR RETRIEVAL OF RECORDS:
    Electronic media are indexed and retrieved by team name, program 
name, individual name, organization, and industry type.

POLICIES AND PRACTICES FOR RETENTION AND DISPOSAL OF RECORDS:
    Registration records and any other associated records are retained 
for 5 years. Disposal is by deletion or other appropriate disposal 
methods.

ADMINISTRATIVE, TECHNICAL, AND PHYSICAL SAFEGUARDS:
    Electronic records are access restricted and accessible only by 
authorized personnel according to a need to know.

RECORD ACCESS PROCEDURES:
    Individuals wishing to request access to records about them in this 
system of records must submit their request in writing to the FDIC FOIA 
& Privacy Act Group, 550 17th Street NW, Washington, DC 20429, or email 
[email protected]. Requests must include full name, address, and 
verification of identity in accordance with FDIC regulations at 12 CFR 
part 310.

CONTESTING RECORD PROCEDURES:
    Individuals wishing to contest or request an amendment to their 
records in this system of records must submit their request in writing 
to the FDIC FOIA & Privacy Act Group, 550 17th Street NW, Washington, 
DC 20429, or email [email protected]. Requests must specify the 
information being contested, the reasons for contesting it, and the 
proposed amendment to such information in accordance with FDIC 
regulations at 12 CFR part 310.

[[Page 68664]]

NOTIFICATION PROCEDURES:
    Individuals wishing to know whether this system contains 
information about them must submit their request in writing to the FDIC 
FOIA & Privacy Act Group, 550 17th Street NW, Washington, DC 20429, or 
email [email protected]. Requests must include full name, address, and 
verification of identity in accordance with FDIC regulations at 12 CFR 
part 310.

EXEMPTIONS PROMULGATED FOR THE SYSTEM:
    None.

HISTORY:
    None.

Federal Deposit Insurance Corporation.
    Dated at Washington, DC, on November 30, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-26259 Filed 12-2-21; 8:45 am]
BILLING CODE 6714-01-P