[Federal Register Volume 88, Number 219 (Wednesday, November 15, 2023)]
[Notices]
[Pages 78359-78361]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-25110]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0085; -0149; -0194]


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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[[Page 78360]]

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. 
3064-0085; -0149 and -0194).

DATES: Comments must be submitted on or before January 16, 2024.

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: Recordkeeping and Disclosure Requirements in Connection 
with Regulation B (Equal Credit Opportunity).
    OMB Number: 3064-0085.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

                                                           Summary of Estimated Annual Burden
                                                                   [OMB No. 3064-0085]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                              Estimated
                                                                                Estimated      average      Estimated                         Estimated
      Information collection          Type of burden        Obligation to       number of      annual     total annual  Estimated time per     annual
           description                                         respond         respondents  frequency of    responses        response          burden
                                                                                              responses                                        (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Credit Reporting History           Reporting...........  Mandatory..........         3,309           850     2,812,650  2 minutes.........        93,755
 (1002.10).
    Total Reporting Burden.......  ....................  ...................  ............  ............  ............  ..................        93,755
Disclosure for Optional Self-Test  Third-Party           Voluntary..........           972         2,500     2,430,000  1 minute..........        40,500
 (1002.5).                          Disclosure.
                                                                             ---------------------------------------------------------------------------
Notifications (1002.9)...........  Third-Party           Mandatory..........         3,309         1,715     5,674,935  2 minutes.........       189,165
                                    Disclosure.
Appraisal Report Upon Request      Third-Party           Mandatory..........         3,309           190       628,710  1 minute..........        10,479
 (1002.12(a)(1)).                   Disclosure.
Notice of Right to Appraisal       Third-Party           Mandatory..........         3,309         1,650     5,459,850  1 minute..........        90,998
 (1002.14(a)(2)).                   Disclosure.
    Total Third-Party Disclosure   ....................  ...................  ............  ............  ............  ..................       331,142
     Burden.
Record Retention (Applications,    Recordkeeping.......  Mandatory..........         3,309           360     1,191,240  1 minute..........        19,854
 Actions, Pre-Screened
 Solicitations)(1002.12).
Record Retention (Self-            Recordkeeping.......  Mandatory..........           972             1           972  2 hours...........         1,944
 Testing)(1002.12).
Record Retention (Self-Testing     Recordkeeping.......  Mandatory..........           243             1           243  8 hours...........         1,944
 Self-Correction) (1002.15).
                                                                             ---------------------------------------------------------------------------
    Total Recordkeeping Burden...  ....................  ...................  ............  ............  ............  ..................        23,742
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    Total Estimated Annual Burden: 448,639 hours.
    General Description of Collection: Regulation B (12 CFR part 1002) 
issued by the Consumer Financial Protection Bureau, prohibits creditors 
from discriminating against applicants on any bases specified by the 
Equal Credit Opportunity Act; imposes, reporting, record keeping and 
disclosure requirements; establishes guidelines for gathering and 
evaluating credit information; and requires creditors to give 
applicants certain written notices. There is no change in the method or 
substance of the collection.
    2. Title: Affiliate Marketing/Consumer Opt-out Notices.
    OMB Number: 3064-0149.
    Forms: None.
    Affected Public: Insured state nonmember banks and state savings 
associations that have affiliates and consumers that have a 
relationship with the foregoing.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0149]
----------------------------------------------------------------------------------------------------------------
                                 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)
----------------------------------------------------------------------------------------------------------------
Affiliate Marketing             Third-Party                    8               1           06:00             144
 Disclosure--Implementation.     Disclosure
 (Mandatory).                    (Annual).
Consumer Opt Out Notices        Third-Party              857,027               1           00:05          71,419
 (Voluntary).                    Disclosure
                                 (Annual).
Affiliate Marketing             Third-Party                  990               1           02:00           1,980
 Disclosure--Ongoing             Disclosure
 (Mandatory).                    (Annual).

[[Page 78361]]

 
    Total Annual Burden         ................  ..............  ..............  ..............          73,543
     (Hours):.
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Source: FDIC.

    General Description of Collection: Section 214 of the FACT Act 
requires financial institutions that wish to share information about 
consumers with their affiliates, to inform such consumers that they 
have the opportunity to opt out of such marketing solicitations. The 
disclosure notices and consumer responses thereto comprise the elements 
of this collection of information. There is no change in the method or 
substance of the collection.
    3. Title: Covered Financial Company Asset Purchaser Eligibility 
Certification.
    OMB Number: 3064-0194.
    Forms: 7300/10.
    Affected Public: Any individual or entity that is a potential 
purchaser of assets from (1) the FDIC as receiver for a Covered 
Financial Company (CFC); or (2) a bridge financial company (BFC) which 
requires the approval of the FDIC, as receiver for the predecessor CFC 
and as the sole shareholder of the BFC (e.g., the BFC's sale of a 
significant business line).
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                              [OMB. No. 3064-0194]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
    Information collection        (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)        responses)       respondents     respondents       (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
Covered Financial Company       Reporting.......              66               1           02:30             165
 Asset Sales Purchaser
 Eligibility Certification.
    Total Annual Burden         ................  ..............  ..............  ..............             165
     (Hours):.
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Source: FDIC.

    General Description of Collection: The Covered Financial Company 
(CFC) Asset Purchaser Eligibility implements the statutory requirement 
that assets held by the FDIC in the course of liquidating any covered 
financial company not be sold to persons who contributed in specified 
ways to the demise of a covered financial company. The FDIC implemented 
this requirement in its regulations at 12 CFR 380.13. Prospective 
purchasers are required to complete and submit a Purchaser Eligibility 
Certification (PEC) to the FDIC. The PEC is a self-certification by a 
prospective purchaser that it does not fall into any of the categories 
of individuals or entities that are prohibited by statute or regulation 
from purchasing assets of a CFC. The PEC will be required of any 
individual or entity that is a potential purchaser of assets from the 
FDIC, whether in its corporate capacity or as a conservator or 
receiver, for (1) a CFC; or (2) a Bridge Financial Company (BFC).
    The FDIC is increasing the total burden associated with this 
collection from 5 hours to 165 hours. The estimate for the number of 
respondents has increased from 10 to 66. The responses per respondent 
is unchanged from the 2021 submission. The estimate for hours per 
response represents a 1.5-hour increase from the 2021 submission. This 
increase is due to a change in calculation methodology.

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, November 8, 2023.
James P. Sheesley,
Assistant Executive Secretary.
 [FR Doc. 2023-25110 Filed 11-14-23; 8:45 am]
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