[Federal Register Volume 88, Number 140 (Monday, July 24, 2023)]
[Notices]
[Pages 47503-47505]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-15563]


-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0143; -0204]


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

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. 
3064-0143 and -0204).

DATES: Comments must be submitted on or before September 22, 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: Forms Relating to Processing Deposit Insurance Claims.
    OMB Number: 3064-0143.
    Affected Public: Private sector individuals and entities 
maintaining deposits at insured depository institutions.
    Burden Estimate:

[[Page 47504]]



                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0143]
----------------------------------------------------------------------------------------------------------------
                                 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. 7200/04--Declaration for     Reporting (On                  1               1           00:30               1
 Government Deposit (Required    occasion).
 to obtain benefit).
2. 7200/05--Declaration for     Reporting (On                  1               1           00:30               1
 Revocable Living Trust          occasion).
 (Required to obtain benefit).
3. 7200/06--Declaration of      Reporting (On                  1               1           00:30               1
 Independent Activity            occasion).
 (Required to obtain benefit).
4. 7200/07--Declaration of      Reporting (On                  1               1           00:30               1
 Independent Activity for        occasion).
 Unincorporated Association
 (Required to obtain benefit).
5. 7200/08--Declaration for     Reporting (On                  1               1           00:30               1
 Joint Ownership Deposit         occasion).
 (Required to obtain benefit).
6. 7200/09--Declaration for     Reporting (On                  1               1           00:30               1
 Testamentary Deposit            occasion).
 (Required to obtain benefit).
7. 7200/10--Declaration for     Reporting (On                  1               1           01:00               1
 Defined Contribution Plan       occasion).
 (Required to obtain benefit).
8. 7200/11--Declaration for     Reporting (On                  1               1           00:30               1
 IRA/KEOGH Deposit (Required     occasion).
 to obtain benefit).
9. 7200/12--Declaration for     Reporting (On                  1               1           01:00               1
 Defined Benefit Plan            occasion).
 (Required to obtain benefit).
10. 7200/13--Declaration for    Reporting (On                  1               1           00:30               1
 Custodian Deposit (Required     occasion).
 to obtain benefit).
11. 7200/14--Declaration for    Reporting (On                  1               1           01:00               1
 Health and Welfare Plan         occasion).
 (Required to obtain benefit).
12. 7200/15--Declaration for    Reporting (On                  1               1           00:30               1
 Plan and Trust (Required to     occasion).
 obtain benefit).
13. 7200/18--Declaration for    Reporting (On                  1               1           00:30               1
 Irrevocable Trust (Required     occasion).
 to obtain benefit).
14. 7200/24--Claimant           Reporting (On                  1               1           00:30               1
 Verification (Required to       occasion).
 obtain benefit).
15. 7200/26--Depositor          Reporting (On                  1               1           00:30               1
 Interview (Required to obtain   occasion).
 benefit).
16. Deposit Broker Submission   Reporting (On                  1               1           00:05               0
 Checklist (Required to obtain   occasion).
 benefit).
17. Electronic file on          Reporting (On                  1               1           00:45               1
 customers, ``Broker Input       occasion).
 File Requirements'' (Required
 to obtain benefit).
18. Exhibit A, Affidavit of     Reporting (On                  1               1           05:00               5
 Agency Account form (Required   occasion).
 to obtain benefit).
19. Exhibit B, The standard     Reporting (On                  1               1           00:10               0
 agency agreement, or the non-   occasion).
 standard agency agreement
 (Required to obtain benefit).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............           21:00
     (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
Note: The annual burden estimate for a given collection is calculated in two steps. First, the total number of
  annual responses is calculated as the whole number closest to the product of the annual number of respondents
  and the annual number of responses per respondent. Then, the total number of annual responses is multiplied by
  the time per response and rounded to the nearest hour to obtain the estimated annual burden for that
  collection. This rounding ensures the annual burden hours in the table are consistent with the values recorded
  in the OMB's regulatory tracking system.
This calculation method results in the rounding down to zero hours of very small values such as those shown in
  ICs 16 and 19.

    General Description of Collection: When an insured depository 
institution (IDI) is closed by its primary regulatory authority, the 
FDIC has the responsibility to pay the insured deposits pursuant to 
section 11(a) and (f) of the Federal Deposit Insurance Act (FDI Act), 
12 U.S.C. 1821(a) and (f); and the FDIC's regulations, ``Deposit 
Insurance Coverage,'' 12 CFR part 330, and ``Recordkeeping for Timely 
Deposit Insurance Determination,'' 12 CFR part 370. In the event that 
the requisite information is not available in a failed IDI's records, 
the FDIC will utilize these forms, declarations and affidavits to 
request the necessary information from a depositor. The forms are used 
to facilitate the FDIC's deposit insurance determinations in the event 
of the failure of an insured depository institution. It includes 19 
information collection (IC) line items, including 15 that apply to both 
depositors and their agents (e.g. deposit brokers) and four intended 
for use by agents alone.
    There is no change in the substance or methodology of this 
information collection. The change in burden is due to the decline in 
estimated burden hours from 590 to 21 hours. The decline in estimated 
hours is driven by the decline in deposit insurance determinations and 
associated valid form submissions in the 2018-2022 period.
    2. Title: Margin and Capital Requirements for Swap Entities 
[Interagency] IFR.
    OMB Number: 3064-0204.
    Forms: None.
    Affected Public: Any FDIC-insured state-chartered bank that is not 
a member of the Federal Reserve System or FDIC-insured state-chartered 
savings association that is registered as a swap

[[Page 47505]]

dealer, major swap participant, security based swap dealer, or major 
security based swap participant.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0204]
----------------------------------------------------------------------------------------------------------------
                                 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. Sec.   349.2 Definition of   Recordkeeping                  1               1            5:00               5
 ``Eligible Master Netting       (Annual).
 Agreement,'' paragraphs
 (4)(i) and (ii) Sec.
 349.8(g) Documentation Sec.
 349.10 Documentation of
 Margin Matters (Mandatory).
2. Sec.   349.7(c) Custody      Recordkeeping                  1               1          100:00             100
 Agreement (Mandatory).          (Annual).
3. Sec.   349.8(c) and (d)      Reporting (On                  1               1          240:00             240
 Initial Margin Model            occasion).
 (Mandatory).
4. Sec.   349.8(f)(3) Initial   Reporting (On                  1               1           50:00              50
 Margin Modeling Report          occasion).
 (Mandatory).
5. Sec.   349.8(h) Escalation   Recordkeeping                  1               1           20:00              20
 Procedures (Mandatory).         (Annual).
6. Sec.   349.9(e) Requests     Reporting (On                  1               1           10:00              10
 for Determinations (Required    Occasion).
 to Obtain Benefits).
7. Documentation, 12 CFR        Recordkeeping                  1               1           80:00              80
 349.8(g) (Mandatory).           (Annual).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............             505
     (Hours):.
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
Note: The annual burden estimate for a given collection is calculated in two steps. First, the total number of
  annual responses is calculated as the whole number closest to the product of the annual number of respondents
  and the annual number of responses per respondent. Then, the total number of annual responses is multiplied by
  the time per response and rounded to the nearest hour to obtain the estimated annual burden for that
  collection. This rounding ensures the annual burden hours in the table are consistent with the values recorded
  in the OMB's regulatory tracking system.

    General Description of Collection: The regulations at part 349 
subpart A impose reporting and recordkeeping requirements, as defined 
by the PRA, on any FDIC-insured state-chartered bank that is not a 
member of the Federal Reserve System or FDIC-insured state-chartered 
savings association that is registered as a swap entity (covered swap 
entity). As such, the FDIC must periodically obtain approval from the 
Office of Management and Budget (OMB) for these collections of 
information (ICs) with respect to covered swap entities. The OMB 
approves these ICs through OMB No. 3064-0204, and last approved the ICR 
on September 8, 2020 (2020 ICR). OMB No. 3064-0204 is set to expire on 
September 30, 2023. The 2020 ICR contained eleven ICs comprising 1,261 
estimated annual responses for an estimated annual burden of 1,740 
hours.
    There is no change in the substance or methodology of this 
information collection. The change in burden is due to the decline in 
estimated burden hours from 1,760 to 505 hours. The decline in 
estimated hours is driven primarily from a reduction in the number of 
ICs relative to the 2020 ICR. The ICs from the 2020 ICR that were not 
included in this renewal had an estimated 1,253 annual responses and an 
estimated 1,295 annual burden hours.

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 July 18, 2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023-15563 Filed 7-21-23; 8:45 am]
BILLING CODE 6714-01-P