[Federal Register Volume 88, Number 136 (Tuesday, July 18, 2023)]
[Notices]
[Pages 45902-45903]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-15142]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0210]


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. 
3064-0210).

DATES: Comments must be submitted on or before September 18, 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: Jennifer Jones (202-898-6768), Regulatory Counsel, 
MB-3078, 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

[[Page 45903]]

(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: Jennifer Jones, Regulatory Counsel, 
202-898-6768, [email protected], MB-3078, 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: Reporting Requirements Associated with Resolution 
Planning.
    OMB Number: 3064-0210.
    Forms: None.
    Affected Public: Covered Companies as defined in 12 CFR part 381.
    Burden Estimate:

                                   Table 1--Summary of Estimated Annual Burden
                                              [(OMB No. 3064-0210]
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                                 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)
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12 CFR 381.4(a)--Biennial       Reporting.......               4               1       40,115:00         160,460
 Filers--Domestic.              (Biennial)......
12 CFR 381.4(b)--Triennial      Reporting.......               1               1        9,916:00           9,916
 Full--Complex Foreign.         (Triennial).....
12 CFR 381.4(b)--Triennial      Reporting.......               7               1        5,667:00          39,669
 Full--Foreign and Domestic.    (Triennial).....
12 CFR 381.4(c)--Triennial      Reporting.......              27               1           20:00             540
 Reduced.                       (Triennial).....
12 CFR 381.4(d)(6)(ii)--        Reporting.......               1               1            1:00               1
 Waivers by Covered Companies.  (On occasion)...
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............         210,586
     (Hours):.
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    General Description of Collection: This collection comprises the 
reporting requirements associated with 12 CFR part 381.\1\ Section 381 
implements the resolution planning requirements of section 165(d) of 
the Dodd-Frank Wall Street Reform and Consumer Protection Act (the 
Dodd-Frank Act),\2\ which require certain financial companies (covered 
companies) to report periodically to the FDIC and the Board of 
Governors of the Federal Reserve System (Board) (together, the 
agencies) their plans for rapid and orderly resolution under the U.S. 
Bankruptcy Code \3\ in the event of material financial distress or 
failure. The goal of the Dodd-Frank Act resolution planning process is 
to help ensure that a covered company's failure would not have serious 
adverse effects on financial stability in the United States. The 
resolution planning process requires covered companies to demonstrate 
that they have adequately assessed the challenges that their structures 
and business activities pose to a rapid and orderly resolution in the 
event of material financial distress or failure and that they have 
taken action to address those challenges, including through the 
development of capabilities appropriate to the covered company's size 
and complexity.
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    \1\ 12 CFR part 381.
    \2\ 12 U.S.C. 5365(d).
    \3\ 11 U.S.C. 101-1532.
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    There is no change in the method or substance of the collection. 
The 7,254-hour increase in burden hours is a result of an increase in 
the number of entities subject to the information collection.

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 12, 2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023-15142 Filed 7-17-23; 8:45 am]
BILLING CODE 6714-01-P