[Federal Register Volume 87, Number 177 (Wednesday, September 14, 2022)]
[Notices]
[Pages 56413-56417]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-19802]


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

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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. 
3064-0092, -0113 and -0174). The notice of the proposed renewal for 
these information collections was previously published in the Federal 
Register on June 21, 2022, allowing for a 60-day comment period.

DATES: Comments must be submitted on or before October 14, 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.

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 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:

[[Page 56414]]



                                               Summary of Annual Burden and Internal Cost (OMB 3064-0092)
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                                                                                                             Estimated       Estimated
                                                                                             Estimated       number of     average time        Total
   Information collection description        Type of burden  (obligation to respond)         number of     responses per   per response      estimated
                                                                                            respondents     respondent        (hours)      annual burden
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Request for designation as a wholesale   Reporting (Mandatory)..........................               1               1               4               4
 or limited purpose 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 banks         Reporting (Voluntary)..........................              11               1             400           4,400
 electing to submit strategic plans to
 the FDIC for approval.
Small business/small farm loan data--    Reporting (Mandatory)..........................             274               1               8           2,192
 Large banks shall and Small banks may
 report annually in machine readable
 form the aggregate number and amount
 of certain loans.
Community development loan data--Large   Reporting (Mandatory)..........................             274               1              13           3,562
 banks shall and 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 banks, if     Reporting (Mandatory)..........................             350               1             253          88,550
 subject to reporting 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.
Data on affiliate lending--Banks that    Reporting (Mandatory)..........................             307               1              38          11,666
 elect to have the 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 or a     Reporting (Mandatory)..........................             118               1              17           2,006
 third party--Banks that 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 banks shall  Reporting (Mandatory)..........................             372               1               2             744
 and Small banks 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 (Mandatory)......................             372               1             219          81,468
 register--Large banks shall and Small
 banks may collect and maintain certain
 data in machine-readable form.
Optional consumer loan data--All banks   Recordkeeping (Mandatory)......................              10               1             326           3,260
 may collect and maintain in machine
 readable form certain data for
 consumer loans originated or purchased
 by a bank for consideration under the
 lending test.

[[Page 56415]]

 
Other loan data--All banks optionally    Recordkeeping (Voluntary)......................              98               1              25           2,450
 may provide other information
 concerning their lending performance,
 including additional loan distribution
 data.
                                                                                                                                                  87,178
Content and availability of public       Disclosure (Mandatory).........................           3,128               1              10          31,280
 file--All banks shall maintain a
 public file that contains certain
 required information.
                                                                                                                                                  31,280
                                                                                         ---------------------------------------------------------------
    Total Estimated Annual Burden......  ...............................................  ..............  ..............  ..............         231,582
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    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.
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    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          Type of burden  (obligation to       Frequency of       Number of     responses per     Hours per     Annual burden
          description                           respond)                    response        respondents     respondent       response         (hours)
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                                   FDIC-Supervised Institutions with $10 Billion or More in Consolidated Total Assets
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Annual Report (Recordkeeping)..  Recordkeeping (Mandatory)............  Annually........              59               1             150           8,850
Annual Report (Reporting)......  Reporting (Mandatory)................  Annually........              59               1             150           8,850
Audit Committee Composition      Recordkeeping (Mandatory)............  Annually........              59               1               3             177
 (Recordkeeping).
Audit Committee Composition      Reporting (Mandatory)................  Annually........              59               1               3             177
 (Reporting).
Filing of Other Reports          Recordkeeping (Mandatory)............  Annually........              59               1            0.13            7.38
 (Recordkeeping).
Filing of Other Reports          Reporting (Mandatory)................  Annually........              59               1            0.13            7.38
 (Reporting).
Notice of Change in Accountants  Recordkeeping (Mandatory)............  Annually........              15               1            0.25            3.75
 (Recordkeeping).
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
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Annual Report (Recordkeeping)..  Recordkeeping (Mandatory)............  Annually........             128               1             125          16,000
Annual Report (Reporting)......  Reporting (Mandatory)................  Annually........             128               1             125          16,000
Audit Committee Composition      Recordkeeping (Mandatory)............  Annually........             128               1               3             384
 (Recordkeeping).
Audit Committee Composition      Reporting (Mandatory)................  Annually........             128               1               3             384
 (Reporting).
Filing of Other Reports          Recordkeeping (Mandatory)............  Annually........             128               1            0.13              16
 (Recordkeeping).

[[Page 56416]]

 
Filing of Other Reports          Reporting (Mandatory)................  Annually........             128               1            0.13              16
 (Reporting).
Notice of Change in Accountants  Recordkeeping (Mandatory)............  Annually........              32               1            0.25               8
 (Recordkeeping).
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
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Annual Report (Recordkeeping)..  Recordkeeping (Mandatory)............  Annually........             342               1             100          34,200
Annual Report (Reporting)......  Reporting (Mandatory)................  Annually........             342               1             100          34,200
Audit Committee Composition      Recordkeeping (Mandatory)............  Annually........             342               1               2             684
 (Recordkeeping).
Audit Committee Composition      Reporting (Mandatory)................  Annually........             342               1               2             684
 (Reporting).
Filing of Other Reports          Recordkeeping (Mandatory)............  Annually........             342               1            0.13           42.75
 (Recordkeeping).
Filing of Other Reports          Reporting (Mandatory)................  Annually........             342               1            0.13           42.75
 (Reporting).
Notice of Change in Accountants  Recordkeeping (Mandatory)............  Annually........              86               1            0.25            21.5
 (Recordkeeping).
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
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Annual Report (Recordkeeping)..  Recordkeeping (Mandatory)............  Annually........             483               1            12.5         6,037.5
Annual Report (Reporting)......  Reporting (Mandatory)................  Annually........             483               1            12.5         6,037.5
Audit Committee Composition      Recordkeeping (Mandatory)............  Annually........             483               1               1             483
 (Recordkeeping).
Audit Committee Composition      Reporting (Mandatory)................  Annually........             483               1               1             483
 (Reporting).
Filing of Other Reports          Recordkeeping (Mandatory)............  Annually........             483               1            0.13           60.38
 (Recordkeeping).
Filing of Other Reports          Reporting (Mandatory)................  Annually........             483               1            0.13           60.38
 (Reporting).
Notice of Change in Accountants  Recordkeeping (Mandatory)............  Annually........             121               1            0.25           30.25
 (Recordkeeping).
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
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Filing of Other Reports          Recordkeeping (Voluntary)............  Annually........           2,116               1            0.25             529
 (Recordkeeping).
Filing of Other Reports          Reporting (Voluntary)................  Annually........           2,116               2            0.25           1,058
 (Reporting).
                                                                                         ---------------------------------------------------------------
    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 56417]]



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                                                                                                             Estimated       Estimated
                                                                                             Estimated       number of       time per        Estimated
   Information collection description                     Type of burden                     number of     responses per     response      annual burden
                                                                                            respondents     respondent        (hours)         (hours)
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Paragraph 14--Strategies, policies,       Recordkeeping (Voluntary).....................           3,128               1           83.94         262,564
 procedures, and risk tolerances.
Paragraph 20--Liquidity risk management   Reporting (Voluntary).........................           3,128              12               4         150,144
 measurement, monitoring, and reporting.
                                                                                         ---------------------------------------------------------------
    Total Annual Burden.................  ..............................................  ..............  ..............  ..............         412,708
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    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 September 8, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-19802 Filed 9-13-22; 8:45 am]
BILLING CODE 6714-01-P