[Federal Register Volume 87, Number 118 (Tuesday, June 21, 2022)]
[Notices]
[Pages 36855-36858]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-13156]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0092; -0113; -0174]


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. 
3064-0092; -0113 and -0174).

DATES: Comments must be submitted on or before August 22, 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/.
     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.
    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 collection of 
information:
    1. Title: Community Reinvestment Act.
    OMB Number: 3064-0092.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

                                   Summary of Annual Burden and Internal Cost
                                                 [OMB 3064-0092]
----------------------------------------------------------------------------------------------------------------
                                                                     Estimated       Estimated
     Information collection       Type of burden     Estimated       number of     average  time       Total
          description             (obligation to     number of     responses per   per  response     estimated
                                     respond)       respondents     respondent        (hours)      annual burden
----------------------------------------------------------------------------------------------------------------
Request for designation as a     Reporting                     1               1               4               4
 wholesale or limited purpose     (Mandatory).
 bank--Banks requesting this
 designation shall file a
 request in writing with the
 FDIC at least 3 months prior
 to the proposed effective date
 of the designation.
Strategic plan--Applies to       Reporting                    11               1             400           4,400
 banks electing to submit         (Voluntary).
 strategic plans to the FDIC
 for approval.
Small business/small farm loan   Reporting                   274               1               8           2,192
 data--Large banks shall and      (Mandatory).
 Small banks may report
 annually in machine readable
 form the aggregate number and
 amount of certain loans.
Community development loan       Reporting                   274               1              13           3,562
 data--Large banks shall and      (Mandatory).
 Small banks may report
 annually, in machine readable
 form, the aggregate number and
 aggregate amount of community
 development loans originated
 or purchased.
Home mortgage loans--Large       Reporting                   350               1             253          88,550
 banks, if subject to reporting   (Mandatory).
 under part 203 (Home Mortgage
 Disclosure (HMDA)), shall, and
 Small banks may report the
 location of each home mortgage
 loan application, origination,
 or purchase outside the MSA in
 which the bank has a home/
 branch office.

[[Page 36856]]

 
Data on affiliate lending--      Reporting                   307               1              38          11,666
 Banks that elect to have the     (Mandatory).
 FDIC consider loans by an
 affiliate, for purposes of the
 lending or community
 development test or an
 approved strategic plan, shall
 collect, maintain and report
 the data that the bank would
 have collected, maintained,
 and reported pursuant to Sec.
  345.42(a), (b), and (c) had
 the loans been originated or
 purchased by the bank. For
 home mortgage loans, the bank
 shall also be prepared to
 identify the home mortgage
 loans reported under HMDA.
Data on lending by a consortium  Reporting                   118               1              17           2,006
 or a third party--Banks that     (Mandatory).
 elect to have the FDIC
 consider community development
 loans by a consortium or a
 third party, for purposes of
 the lending or community
 development tests or an
 approved strategic plan, shall
 report for those loans the
 data that the bank would have
 reported under Sec.
 345.42(b)(2) had the loans
 been originated or purchased
 by the bank.
Assessment area data -Large      Reporting                   372               1               2             744
 banks shall and Small banks      (Mandatory).
 may collect and report to the
 FDIC a list for each
 assessment area showing the
 geographies within the area.
                                                 ---------------------------------------------------------------
                                                  ..............  ..............  ..............         113,124
----------------------------------------------------------------------------------------------------------------
Small business/small farm loan   Recordkeeping               372               1             219          81,468
 register--Large banks shall      (Mandatory).
 and Small banks may collect
 and maintain certain data in
 machine-readable form.
Optional consumer loan data--    Recordkeeping                10               1             326           3,260
 All banks may collect and        (Mandatory).
 maintain in machine readable
 form certain data for consumer
 loans originated or purchased
 by a bank for consideration
 under the lending test.
Other loan data -All banks       Recordkeeping                98               1              25           2,450
 optionally may provide other     (Voluntary).
 information concerning their
 lending performance, including
 additional loan distribution
 data.
                                                 ---------------------------------------------------------------
                                                  ..............  ..............  ..............          87,178
----------------------------------------------------------------------------------------------------------------
Content and availability of      Disclosure                3,128               1              10          31,280
 public file--All banks shall     (Mandatory).
 maintain a public file that
 contains certain required
 information.
                                                 ---------------------------------------------------------------
                                                  ..............  ..............  ..............          31,280
                                                 ---------------------------------------------------------------
    Total Estimated Annual       ...............  ..............  ..............         231,582
     Burden.
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Community Reinvestment Act 
regulation requires the FDIC to assess the record of banks and thrifts 
in helping meet the credit needs of their entire communities, including 
low- and moderate-income neighborhoods, consistent with safe and sound 
operations; and to take this record into account in evaluating 
applications for mergers, branches, and certain other corporate 
activities. There is no change in the method or substance of the 
collection. The overall decrease in burden hours is a result of 
decreases in the estimated number of respondents. On June 3, 2022, the 
Office of the Comptroller of the Currency, the Board of Governors of 
the Federal Reserve System and the FDIC (the ``Agencies'') published a 
proposal to amend the Agencies' Community Reinvestment Act 
regulations.\1\ The agencies are expecting comments from the industry 
and other concerned parties which will be considered and addressed when 
a final rule is issued. The FDIC does not wish to discontinue this 
information collection while the proposed revisions are considered and 
a new rule is issued and is, therefore, extending its Community 
Reinvestment Act information collection as-is, without revision, to 
preserve its validity.
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    \1\ 87 FR 33884, June 3, 2022

    2. Title: External Audits.
    OMB Number: 3064-0113.
    Form Number: None.
    Affected Public: All insured financial institutions with total 
assets of $500 million or more and other insured financial institutions 
with total assets of less than $500 million that voluntarily choose to 
comply.
    Burden Estimate:

                                                           Summary of Estimated Annual Burdens
                                                                   [OMB No. 3064-0013]
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                                                                                                             Number of
 Information collection description        Type of burden        Frequency of  response      Number of     responses per     Hours per     Annual burden
                                      (obligation to respond)                               respondents     respondent       response         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                   FDIC-Supervised Institutions with $10 Billion or More in Consolidated Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report (Recordkeeping).......  Recordkeeping            Annually.................              59               1             150           8,850
                                       (Mandatory).
Annual Report (Reporting)...........  Reporting (Mandatory)..  Annually.................              59               1             150           8,850

[[Page 36857]]

 
Audit Committee Composition           Recordkeeping            Annually.................              59               1               3             177
 (Recordkeeping).                      (Mandatory).
Audit Committee Composition           Reporting (Mandatory)..  Annually.................              59               1               3             177
 (Reporting).
Filing of Other Reports               Recordkeeping            Annually.................              59               1            0.13            7.38
 (Recordkeeping).                      (Mandatory).
Filing of Other Reports (Reporting).  Reporting (Mandatory)..  Annually.................              59               1            0.13            7.38
Notice of Change in Accountants       Recordkeeping            Annually.................              15               1            0.25            3.75
 (Recordkeeping).                      (Mandatory).
Notice of Change in Accountants       Reporting (Mandatory)..  Annually.................              15               1            0.25            3.75
 (Reporting).
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                           FDIC-Supervised Institutions with $3 billion to less than $10 billion in Consolidated Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report (Recordkeeping).......  Recordkeeping            Annually.................             128               1             125          16,000
                                       (Mandatory).
Annual Report (Reporting)...........  Reporting (Mandatory)..  Annually.................             128               1             125          16,000
Audit Committee Composition           Recordkeeping            Annually.................             128               1               3             384
 (Recordkeeping).                      (Mandatory).
Audit Committee Composition           Reporting (Mandatory)..  Annually.................             128               1               3             384
 (Reporting).
Filing of Other Reports               Recordkeeping            Annually.................             128               1            0.13              16
 (Recordkeeping).                      (Mandatory).
Filing of Other Reports (Reporting).  Reporting (Mandatory)..  Annually.................             128               1            0.13              16
Notice of Change in Accountants       Recordkeeping            Annually.................              32               1            0.25               8
 (Recordkeeping).                      (Mandatory).
Notice of Change in Accountants       Reporting (Mandatory)..  Annually.................              32               1            0.25               8
 (Reporting).
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                            FDIC-Supervised Institutions with $1 billion to less than $3 billion in Consolidated Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report (Recordkeeping).......  Recordkeeping            Annually.................             342               1             100          34,200
                                       (Mandatory).
Annual Report (Reporting)...........  Reporting (Mandatory)..  Annually.................             342               1             100          34,200
Audit Committee Composition           Recordkeeping            Annually.................             342               1               2             684
 (Recordkeeping).                      (Mandatory).
Audit Committee Composition           Reporting (Mandatory)..  Annually.................             342               1               2             684
 (Reporting).
Filing of Other Reports               Recordkeeping            Annually.................             342               1            0.13           42.75
 (Recordkeeping).                      (Mandatory).
Filing of Other Reports (Reporting).  Reporting (Mandatory)..  Annually.................             342               1            0.13           42.75
Notice of Change in Accountants       Recordkeeping            Annually.................              86               1            0.25            21.5
 (Recordkeeping).                      (Mandatory).
Notice of Change in Accountants       Reporting (Mandatory)..  Annually.................              86               1            0.25            21.5
 (Reporting).
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                           FDIC-Supervised Institutions with $500 million to less than $1 billion in Consolidated Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Report (Recordkeeping).......  Recordkeeping            Annually.................             483               1            12.5         6,037.5
                                       (Mandatory).
Annual Report (Reporting)...........  Reporting (Mandatory)..  Annually.................             483               1            12.5         6,037.5
Audit Committee Composition           Recordkeeping            Annually.................             483               1               1             483
 (Recordkeeping).                      (Mandatory).
Audit Committee Composition           Reporting (Mandatory)..  Annually.................             483               1               1             483
 (Reporting).
Filing of Other Reports               Recordkeeping            Annually.................             483               1            0.13           60.38
 (Recordkeeping).                      (Mandatory).
Filing of Other Reports (Reporting).  Reporting (Mandatory)..  Annually.................             483               1            0.13           60.38
Notice of Change in Accountants       Recordkeeping            Annually.................             121               1            0.25           30.25
 (Recordkeeping).                      (Mandatory).
Notice of Change in Accountants       Reporting (Mandatory)..  Annually.................             121               1            0.25           30.25
 (Reporting).
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                                  FDIC-Supervised Institutions with less than $500 million in Consolidated Total Assets
--------------------------------------------------------------------------------------------------------------------------------------------------------
Filing of Other Reports               Recordkeeping            Annually.................           2,116               1            0.25             529
 (Recordkeeping).                      (Voluntary).
Filing of Other Reports (Reporting).  Reporting (Voluntary)..  Annually.................           2,116               2            0.25           1,058
                                                                                         ---------------------------------------------------------------
    Total Annual Burden Hours.......  .......................  .........................  ..............  ..............  ..............         135,598
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Source: FDIC.

    General Description of Collection: FDIC's regulations at 12 CFR 
part 363 establish annual independent audit and reporting requirements 
for financial institutions with total assets of $500 million or more. 
The requirements include the submission of an annual report on their 
financial statements, recordkeeping about management deliberations 
regarding external auditing and reports about changes in auditors. The 
information collected is used to facilitate early identification of 
problems in financial management at financial institutions. There is no 
change in the substance or methodology of this information collection. 
The overall increase in burden hours is a result of the increase in the 
estimated number of respondents with consolidated total assets greater 
than $500 million.

    3. Title: Funding and Liquidity Risk Management.
    OMB Number: 3064-0174.
    Form Number: None.
    Affected Public: Businesses or other for-profits.
    Burden Estimate:

[[Page 36858]]



----------------------------------------------------------------------------------------------------------------
                                                                     Estimated       Estimated
    Information collection                           Estimated       number of       time per        Estimated
          description            Type of burden      number of     responses per     response      annual burden
                                                    respondents     respondent        (hours)         (hours)
----------------------------------------------------------------------------------------------------------------
Paragraph 14--Strategies,       Recordkeeping              3,128               1           83.94         262,564
 policies, procedures, and       (Voluntary).
 risk tolerances.
Paragraph 20--Liquidity risk    Reporting                  3,128              12               4         150,144
 management measurement,         (Voluntary).
 monitoring, and reporting.
                                                 ---------------------------------------------------------------
    Total Annual Burden.......  ................  ..............  ..............  ..............         412,708
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: The information collection 
includes reporting and recordkeeping burdens related to sound risk 
management principles applicable to insured depository institutions. To 
enable an institution and its supervisor to evaluate the liquidity risk 
exposure of an institution's individual business lines and for the 
institution as a whole, the Interagency Policy Statement on Funding and 
Liquidity Risk Management (Interagency Statement) summarizes principles 
of sound liquidity risk management and advocates the establishment of 
policies and procedures that consider liquidity costs, benefits, and 
risks in strategic planning. In addition, the Interagency Statement 
encourages the use of liquidity risk reports that provide detailed and 
aggregate information on items such as cash flow gaps, cash flow 
projections, assumptions used in cash flow projections, asset and 
funding concentrations, funding availability, and early warning or risk 
indicators. This is intended to enable management to assess an 
institution's sensitivity to changes in market conditions, the 
institution's financial performance, and other important risk factors. 
There is no change in the method or substance of the collection. The 
overall reduction in burden hours is the result of economic 
fluctuation. In particular, the number of respondents.

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 June 14, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-13156 Filed 6-17-22; 8:45 am]
BILLING CODE 6714-01-P