[Federal Register Volume 87, Number 55 (Tuesday, March 22, 2022)]
[Notices]
[Pages 16184-16186]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-05953]


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

FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0095; -0117]


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Agency information collection activities: Submission for OMB 
review; comment request.

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

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 request to renew 
the existing information collections described below (OMB Control No. 
3064-0095; and -0117). The notice of the proposed renewal for these 
information collections was previously published in the Federal 
Register on January 25, 2022, allowing for a 60-day comment period.

DATES: Comments must be submitted on or before April 21, 2022.

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/index.html.
     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 
NW), on business days between 7:00 a.m. and 5:00 p.m.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.

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: Procedures for Monitoring Bank Protection Act Compliance
    OMB Number: 3064-0095.
    Form Number: None.
    Affected Public: Insured state nonmember banks.
    Burden Estimate:

[[Page 16185]]



                                                           Summary of Estimated Annual Burdens
                                                                   [OMB No. 3064-0095]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Number of
           IC Description                  Type of burden        Frequency of  response      Number of     responses per     Hours per     Annual burden
                                      (obligation to respond)                               respondents     respondent       response         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Implementation Burden:
Bank Protection Act Compliance       Recordkeeping............  Annually................              35               1              50           1,750
 Program--Institutions with an       (Mandatory)..............
 Asset Size Less than $500 million.
Bank Protection Act Compliance       Recordkeeping............  Annually................              57               1             300          17,100
 Program--Medium-Sized Institutions  (Mandatory)..............
 ($500 million--$10 billion).
Bank Protection Act Compliance       Recordkeeping............  Annually................              12               1             500           6,000
 Program--Large Institutions (Over   (Mandatory)..............
 $10 billion).
Ongoing Burden:
Bank Protection Act Compliance       Recordkeeping............  Annually................           2,880               1               5          14,400
 Program--Routine Revisions.         (Mandatory)..............
Bank Protection Act Compliance       Recordkeeping............  Annually................             320               1              35          11,200
 Program--Significant Revisions.     (Mandatory)..............
                                                                                         ---------------------------------------------------------------
        Total Annual Burden Hour:..  .........................  ........................  ..............  ..............  ..............          50,450
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: The collection requires insured 
state nonmember banks to comply with the Bank Protection Act and to 
review bank security programs The Bank Protection Act of 1968 (12 
U.S.C. 1881-1884) requires each Federal supervisory agency to 
promulgate rules establishing minimum standards for security devices 
and procedures to discourage financial crime and to assist in the 
identification of persons who commit such crimes. To avoid the 
necessity of constantly updating a technology-based regulation, the 
FDIC takes a flexible approach to implementing this statute. It 
requires each insured nonmember bank to designate a security officer 
who will administer a written security program. The security program 
must: (1) Establish procedures for opening and closing for business and 
for safekeeping valuables; (2) establish procedures that will assist in 
identifying persons committing crimes against the bank; (3) provide for 
initial and periodic training of employees in their responsibilities 
under the security program; and (4) provide for selecting, testing, 
operating and maintaining security devices as prescribed in the 
regulation. In addition, the FDIC requires the security officer to 
report at least annually to the bank's board of directors on the 
effectiveness of the security program.
    There is no change in the method or substance of the collection. 
The 48,683 increase in burden hours is the result of the agency re-
evaluating the time it takes for recordkeeping and reporting associated 
with the rule, and including new implementation burdens for new 
entities and entities reviewing their policies in light of mergers and 
other organizational changes.
    2. Title: Mutual-to-Stock Conversion of State Savings Banks.
    OMB Number: 3064-0117.
    Form Numbers: None.
    Affected Public: Insured state savings associations.
    Burden Estimate:

                                                           Summary of Estimated Annual Burden
                                                                   [OMB No. 3064-0117]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                         Type of burden (obligation to                                    Number of        Hours per      Annual  burden
   Information collection description               respond)                Frequency of  response       respondents        response         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Application or Notice to engage in       Reporting....................  On occasion..................               5              250            1,250
 certain activities.
                                                                                                      --------------------------------------------------
        Total Annual Burden (Hours)....  .............................  .............................  ...............  ...............           1,250
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: State savings associations must 
file a notice of intent to convert to stock form, and provide the FDIC 
with copies of documents filed with state and federal banking and/or 
securities regulators in connection with any proposed mutual-to-stock 
conversion. There is no change in the method or substance of the 
collection.

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.


[[Page 16186]]


    Dated at Washington, DC, on March 15, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-05953 Filed 3-21-22; 8:45 am]
BILLING CODE 6714-01-P