[Federal Register Volume 87, Number 166 (Monday, August 29, 2022)]
[Notices]
[Pages 52776-52777]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-18511]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0211]


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. 
3064-0211).

DATES: Comments must be submitted on or before October 28, 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,

[[Page 52777]]

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: Generic Clearance for Prize Competition Participation.
    2. OMB Number: 3064-0211.
    Affected Public: Innovators; 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.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0211]
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      Information collection          Type of burden                       Number of      Time per      Annual
    description (obligation to        (frequency of        Number of     responses per    response      Burden
             respond)                   response)         respondents     respondent      (hours)      (hours)
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Innovation Prize Competitions      Reporting                     1,500               1           20       30,000
 (Voluntary).                       (Occasional).
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    General Description of Collection:
    The FDIC seeks to extend, without change, its generic clearance for 
the collection of information requested from potential participants in 
FDIC-sponsored or co-sponsored prize competitions of various types, 
including point solution competitions (designed to spur the development 
of solutions for a particular problem) and exposition (designed 
competitions to identify and promote a broad range of ideas and 
practices to facilitate further development by third parties). Prize 
competitions and the opportunity to submit applications to participate 
will be announced on the agency's publicly accessible government 
website, as well as possibly through other forms of public 
communication, such as publication in the Federal Register, issuance of 
Financial Institution Letters, use of challenge.gov website maintained 
by the U.S. General Services Administration, or social media 
advertisement. 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. Information will be collected during prize 
competitions through the solutions to the challenges or problems 
presented. This information collection will be voluntary. Collection in 
the form of application will be conducted primarily online with 
alternative methods made available. Collection during the events will 
be in-person or electronic. The FDIC will consult with OMB regarding 
each specific information collection during the approval period. The 
FDIC estimates that over the three-year clearance period of this 
request, up to five (5) competitions will be conducted across various 
divisions of the agency, involving a variety of topics and challenges 
associated with underserved communities and financial inclusion; 
consumer protection; the FDIC's use of information technology and data 
(including artificial intelligence and machine learning); and financial 
and technologically-driven innovation in banking. The total hourly 
burden attributed to this generic clearance will be approximately 
30,000 hours (an estimated average of 6,000 hours per prize competition 
x 5 competitions per year). There is no change in the method or 
substance of the collection. The estimated annual burden remains the 
same.

Request for Comment

    Comments are invited on: (a) Whether the collections of information 
are 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 collections, 
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 collections 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 August 23, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-18511 Filed 8-26-22; 8:45 am]
BILLING CODE 6714-01-P