[Federal Register Volume 88, Number 85 (Wednesday, May 3, 2023)]
[Notices]
[Pages 27891-27893]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-09319]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0057; -0061; -0087]


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. 
3064-0057; -0061; -0087).

DATES: Comments must be submitted on or before July 3, 2023.

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: Certified Statement for Semiannual Deposit Insurance 
Assessment.
    OMB Number: 3064-0057.
    Forms: None.
    Affected Public: FDIC-insured depository institutions.
    Burden Estimate:

[[Page 27892]]



                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0057]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
    Information collection        (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
1. Quarterly Certified          Reporting                  4,755               4           00:20           6,340
 Statement Invoice for Deposit   (Quarterly).
 Insurance Assessment, 12 CFR
 Part 327 (Mandatory).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............           6,340
     (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: The FDIC collects deposit 
insurance assessments on a quarterly basis. Each quarterly assessment 
is based on an insured depository institution's quarterly report of 
condition for the prior calendar quarter. The FDIC collects the 
quarterly assessment payments by means of direct debits through the 
Automated Clearing House network. The information collection consists 
of the reporting requirement associated with certifying the review by 
officials of the insured institutions to confirm that the assessment 
data are accurate and, in cases of inaccuracy, submission of corrected 
data. There is no change in the substance or methodology of this 
information collection. The change in burden is due solely to the 
decrease in the estimated number of respondents by 671 from the 
estimated 7,011 annual respondents in the currently-approved 
information collection to the current estimate of 6,340. The decrease 
in estimated respondents is the result of the drop in the total number 
of insured depository institutions.
    2. Title: Summary of Deposits.
    OMB Number: 3064-0061.
    Forms: None.
    Affected Public: FDIC-insured depository institutions.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0061]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
    Information collection        (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
1. Summary of Deposits          Recordkeeping              3,870               1            3:00          11,610
 (Mandatory).                    (Annual).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............          11,610
     (Hours).
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Summary of Deposits (SOD) is 
the annual survey of branch office deposits as of June 30 for all FDIC-
insured institutions, including insured U.S. branches of foreign banks. 
All FDIC-insured institutions that operate a main office and one or 
more branch locations (including limited service drive-thru locations) 
as of June 30 each year are required to file the SOD Survey. Insured 
branches of foreign banks are also required to file. All data collected 
on the SOD submission are available to the public. The survey data 
provides a basis for measuring the competitive impact of bank mergers 
and has additional use in research on banking. There is no change in 
the substance or methodology of this information collection. The change 
in burden is due solely to the decrease in the estimated number of 
respondents by 429 from the estimated 4,299 annual respondents in the 
currently-approved information collection to the current estimate of 
3,870.
    3. Title: Procedures for Monitoring Bank Secrecy Act Compliance.
    OMB Number: 3064-0087.
    Forms: None.
    Affected Public: Insured State Nonmember Banks and Savings 
Associations..
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0087]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
    Information collection        (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
1. Procedures for monitoring    Recordkeeping              2,013               1           35:00          70,455
 BSA compliance, small           (Annual).
 institutions (<$500 million
 in total assets), 12 CFR
 326.8(b)(1) and (c)
 (Mandatory).
2. Procedures for monitoring    Recordkeeping                964               1          250:00         241,000
 BSA compliance, medium          (Annual).
 institutions ($500 million to
 $10 billion in total assets),
 12 CFR 326.8(b)(1) and
 (c)(Mandatory).

[[Page 27893]]

 
3. Procedures for monitoring    Recordkeeping                 61               1          450:00          27,450
 BSA compliance, large           (Annual).
 institutions (>$10 billion in
 total assets), 12 CFR
 326.8(b)(1) and (c)
 (Mandatory).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............         338,905
     (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: Respondents must establish and 
maintain procedures designed to monitor and ensure their compliance 
with the requirements of the Bank Secrecy Act and the implementing 
regulations promulgated by the Department of Treasury at 31 CFR chapter 
X. Respondents must also keep records evidencing that they have 
provided training for appropriate personnel. There is no change in the 
method or substance of the collection. The overall increase in burden 
hours is a result of economic fluctuation. In particular, the total 
number of respondents has increased while the hours per response remain 
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 April 27, 2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023-09319 Filed 5-2-23; 8:45 am]
BILLING CODE 6714-01-P