[Federal Register Volume 87, Number 140 (Friday, July 22, 2022)]
[Notices]
[Pages 43850-43852]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-15663]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0046; -0118; -00191]


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. 
3064-0046, -0118 and -0191).

DATES: Comments must be submitted on or before September 20, 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/.

[[Page 43851]]

     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: Home Mortgage Disclosure (HMDA).
    OMB Number: 3064-0046.
    Form Number: None.
    Affected Public: Insured state nonmember banks.
    Burden Estimate:

                                               Summary of Annual Burden and Internal Cost [OMB 3064-0046]
                                                         Burden Calculation [OMB No. 3064-0046]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Estimated       Estimated
                                                Type of burden                               Estimated     annual number     time per      Total annual
     Item       IC description  (section)       (frequency of      Obligation to respond   annual number   of responses      response        estimated
                                                  response)                               of respondents  per respondent      (hours)      burden hours
--------------------------------------------------------------------------------------------------------------------------------------------------------
1............  Full Data--HMDA (12 CFR      Reporting (Annual)...  Mandatory............             350        2,434.66           0.583         496,792
                Part 1003.4).
2............  Partial Data--HMDA (12 CFR   Reporting (Annual)...  Mandatory............             760           330.1           0.333          83,542
                Part 1003.4).
3............  Retain copy of LAR for at    Recordkeeping          Mandatory............           1,110               1             0.5             555
                least three years (12 CFR    (Annual).
                Part 1003.5(a)(1)(i)).
4............  Make the written notices     Recordkeeping          Mandatory............           1,110               2           0.167             371
                required under               (Annual).
                1003.5(2)(b) and
                1003.5(c)(1) available for
                five and three years,
                respectively (12 CFR Part
                1003.5(d)(1)).
5............  Record LAR data within 30    Recordkeeping (One     Mandatory............              15               1              12             180
                days after the end of the    time).
                calendar quarter in which
                final action is taken (New
                reporters) (12 CFR Part
                1003.4(f)).
6............  Record LAR data within 30    Recordkeeping          Mandatory............           1,110               4             1.5           6,660
                days after the end of the    (Quarterly).
                calendar quarter in which
                final action is taken
                (Existing reporters) (12
                CFR Part 1003.4(f)).
7............  Provide written notice upon  Third-party            Mandatory............           1,110               1             0.5             555
                request that the FFIEC       Disclosure (Annual).
                disclosure statement is
                available on the CFPB's
                website (12 CFR Part
                1003.5(b)(2)).
8............  Provide written notice upon  Third-party            Mandatory............           1,110               1             0.5             555
                request that the             Disclosure (On
                institution's modified LAR   Occasion).
                is available on the CFPB's
                website (12 CFR Part
                1003.5(c)(1)).
9............  Make the FFIEC disclosure    Third-party            Optional.............              55               1               1              55
                statement and/or modified    Disclosure (On
                LAR available to the         Occasion).
                public directly through
                the institution (12 CFR
                Part 1003.5(d)(2)).
10...........  General notice of            Third-party            Mandatory............              15               1               1              15
                availability of HMDA data    Disclosure (One
                in lobby of home office      time).
                and each office located in
                a MSA (12 CFR Part
                1003.5(e)).
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    Total Estimated Annual Burden Hours:................................................................................................         589,280
                                                                                         ---------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Board of Governors of the 
Federal Reserve System (the Board) promulgated Regulation C, 12 CFR 
part 203, to implement the Home Mortgage Disclosure Act (HMDA), 12 
U.S.C. 2801-2810. Regulation C requires depository institutions that 
meet its asset-size threshold to maintain data about home loan 
applications (the type of loan requested, the purpose of the loan, 
whether the loan was approved, and the type of purchaser if the loan 
was later sold), to update the information quarterly, and to report the 
information annually. Pursuant to Regulation C, insured state-nonmember 
banks supervised by the FDIC with assets over a certain dollar 
threshold must collect, record, and report data about home loan 
applications. The FDIC is revising this information collection to align 
the burden estimates with the Board, the Office of the Comptroller of 
the Currency and the Consumer Financial Protection Bureau. In doing so, 
the FDIC has added eight line items to its information collection and 
has revised the estimated time per response for certain items for 
consistency across all agencies. This has resulted in an increase of 
approximately 500,000 hours in the total estimated annual burden.
    2. Title: Management Official Interlocks.
    OMB Number: 3064-0118.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

[[Page 43852]]



                                                           Summary of Estimated Annual Burden
                                                                   [OMB No. 3064-0118]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             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)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Management Official Interlocks.......  Reporting (Mandatory)...  On Occasion............               1               1               4               4
Management Official Interlocks.......  Recordkeeping             On Occasion............               1               1               3               3
                                        (Mandatory).
                                                                                         ---------------------------------------------------------------
    Estimated Total Annual Burden....  ........................  .......................  ..............  ..............  ..............               7
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Source: FDIC.

    General Description of Collection: The FDIC's Management Official 
Interlocks regulation, 12 CFR 348, which implements the Depository 
Institutions Management Interlocks Act (DIMIA), 12 U.S.C. 3201-3208, 
generally prohibits bank management officials from serving 
simultaneously with two unaffiliated depository institutions or their 
holding companies but allows the FDIC to grant exemptions in 
appropriate circumstances. Consistent with DIMIA, the FDIC's Management 
Official Interlocks regulation has an application requirement requiring 
information specified in the FDIC's procedural regulation. The rule 
also contains a notification requirement. There is no change in the 
method or substance of the collection. The overall reduction in burden 
hours is a result of economic. In particular, the number of respondents 
has decreased while the hours per response and occupational 
distribution have remained the same.
    3. Title: Interagency Guidance on Leveraged Lending
    OMB Number: 3064-0191.
    Form Number: None.
    Affected Public: Insured state nonmember banks and savings 
associations.
    Burden Estimate:

                                                           Summary of Estimated Annual Burden
                                                                   [OMB No. 3064-0191]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                             Estimated         Total
     Information collection (IC)            Type of burden                                   Estimated       Estimated       time per        estimated
             description                (obligation to respond)   Frequency of  response     number of     frequency of      response      annual burden
                                                                                            respondents      responses        (hours)         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Interagency Guidance on Leveraged      Recordkeeping             On Occasion............               1               1             987             987
 Lending--Implementation.               (Voluntary).
Interagency Guidance on Leveraged      Recordkeeping             On Occasion............               4            0.25             529             529
 Lending--Ongoing.                      (Voluntary).
                                                                                         ---------------------------------------------------------------
    Estimated Total Annual Burden....  ........................  .......................  ..............  ..............  ..............           1,516
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Source: FDIC.

    General Description of Collection: The Interagency Guidance on 
Leveraged Lending (Guidance) outlines for agency supervised 
institutions high level principles related to safe-and sound leveraged 
lending activities, including underwriting considerations, assessing 
and documenting enterprise value, risk management expectations for 
credits awaiting distribution, stress testing expectations, pipeline 
portfolio management, and risk management expectations for exposures 
held by the institution. 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 and 
frequency of responses have decreased.

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 July 18, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-15663 Filed 7-21-22; 8:45 am]
BILLING CODE 6714-01-P