[Federal Register Volume 87, Number 189 (Friday, September 30, 2022)]
[Notices]
[Pages 59417-59419]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-21243]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0046; -0118; -0191]


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. 
3064-0046, -0118 and -0191). The notice of the proposed renewal for 
these information collections was previously published in the Federal 
Register on July 22, 2022, allowing for a 60-day comment period.

DATES: Comments must be submitted on or before October 31, 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: Home Mortgage Disclosure (HMDA).
    OMB Number: 3064-0046.
    Form Number: None.
    Affected Public: Insured state nonmember banks.
    Burden Estimate:

                                                                Summary of Annual Burden
                                                                     [OMB 3064-0046]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Estimated
                                                      Type of burden                         Estimated    annual  number  Estimated time   Total annual
              Item                 IC description     (frequency of      Obligation to    annual  number   of  responses   per response      estimated
                                     (section)          response)           respond             of              per           (hours)      burden hours
                                                                                            respondents     respondent
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         Burden Calculation (OMB No. 3064-0046)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1..............................  Full Data--HMDA    Reporting          Mandatory........             350        2,434.66           0.583         496,792
                                  (12 CFR Part       (Annual).
                                  1003.4).
2..............................  Partial Data--     Reporting          Mandatory........             760           330.1           0.333          83,542
                                  HMDA (12 CFR       (Annual).
                                  Part 1003.4).
3..............................  Retain copy of     Recordkeeping      Mandatory........           1,110               1             0.5             555
                                  LAR for at least   (Annual).
                                  three years (12
                                  CFR Part
                                  1003.5(a)(1)(i)).
4..............................  Make the written   Recordkeeping      Mandatory........           1,110               2           0.167             371
                                  notices required   (Annual).
                                  under
                                  1003.5(2)(b) and
                                  1003.5(c)(1)
                                  available for
                                  five and three
                                  years,
                                  respectively (12
                                  CFR Part
                                  1003.5(d)(1)).

[[Page 59418]]

 
5..............................  Record LAR data    Recordkeeping      Mandatory........              15               1              12             180
                                  within 30 days     (One time).
                                  after the end of
                                  the calendar
                                  quarter in which
                                  final action is
                                  taken (New
                                  reporters) (12
                                  CFR Part
                                  1003.4(f)).
6..............................  Record LAR data    Recordkeeping      Mandatory........           1,110               4             1.5           6,660
                                  within 30 days     (Quarterly).
                                  after the end of
                                  the calendar
                                  quarter in which
                                  final action is
                                  taken (Existing
                                  reporters) (12
                                  CFR Part
                                  1003.4(f)).
7..............................  Provide written    Third-party        Mandatory........           1,110               1             0.5             555
                                  notice upon        Disclosure
                                  request that the   (Annual).
                                  FFIEC disclosure
                                  statement is
                                  available on the
                                  CFPB's website
                                  (12 CFR Part
                                  1003.5(b)(2)).
8..............................  Provide written    Third-party        Mandatory........           1,110               1             0.5             555
                                  notice upon        Disclosure (On
                                  request that the   Occasion).
                                  institution's
                                  modified LAR is
                                  available on the
                                  CFPB's website
                                  (12 CFR Part
                                  1003.5(c)(1)).
9..............................  Make the FFIEC     Third-party        Optional.........              55               1               1              55
                                  disclosure         Disclosure (On
                                  statement and/or   Occasion).
                                  modified LAR
                                  available to the
                                  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    Disclosure (One
                                  HMDA data in       time).
                                  lobby of home
                                  office and each
                                  office located
                                  in a MSA (12 CFR
                                  Part 1003.5(e)).
                                ------------------------------------------------------------------------------------------------------------------------
Total Estimated Annual Burden    .................  .................  .................  ..............  ..............  ..............         589,280
 Hours:.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    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.

[[Page 59419]]

    2. Title: Management Official Interlocks.
    OMB Number: 3064-0118.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

                                                  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
--------------------------------------------------------------------------------------------------------------------------------------------------------
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 fluctuations. 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]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                               Total
     Information collection (ic)            Type of burden                                   Estimated       Estimated    Estimated time     estimated
             description                (obligation to respond)   Frequency of response      number of     frequency of    per 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 September 27, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-21243 Filed 9-29-22; 8:45 am]
BILLING CODE 6714-01-P