[Federal Register Volume 89, Number 11 (Wednesday, January 17, 2024)]
[Notices]
[Pages 2949-2951]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-00706]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0006; -0114; -0197]


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. 
3064-0006; -0114 and -0197).

DATES: Comments must be submitted on or before March 18, 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: Interagency Biographical and Financial Report.
    OMB Number: 3064-0006.
    Forms: 6200/06.
    Affected Public: Individuals or households; business or other for 
profit; Insured state nonmember banks and state savings associations.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0006]
----------------------------------------------------------------------------------------------------------------
                                 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. Form 6200/06--Interagency    Reporting (On                136            2.86           04:30           1,751
 Biographical and Financial      Occasion).
 Report, 12 U.S.C. 1815(a),
 1817(j), and 1831i
 (Mandatory).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............           1,751
     (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.


[[Page 2950]]

    General Description of Collection: The Interagency Bank Merger Act 
Application form is used by the FDIC, the Board of Governors of the 
Federal Reserve System, and the Office of the Comptroller of the 
Currency for applications under section 18(c) of the Federal Deposit 
Insurance Act (FDIA), as amended (12 U.S.C. 1828(c)). The application 
is used for a merger, consolidation, or other combining transaction 
between nonaffiliated parties as well as to effect a corporate 
reorganization between affiliated parties (affiliate transaction). An 
affiliate transaction refers to a merger transaction or other business 
combination (including a purchase and assumption) between institutions 
that are commonly controlled (for example, between a depository 
institution and an affiliated interim institution). There are different 
levels of burden for nonaffiliate and affiliate transactions. 
Applicants proposing affiliate transactions are required to provide 
less information than applicants involved in the merger of two 
unaffiliated entities. If depository institutions are not controlled by 
the same holding company, the merger transaction is considered a non-
affiliate transaction. There is no change in the methodology or 
substance of this information collection. The reduction in estimated 
annual burden (from 2,313 hours in 2021 to 1,751 hours currently) is 
due to the decline in the historical number of Reports received by the 
FDIC, which is the basis for the estimated number of annual responses.
    2. Title: Foreign Banks.
    OMB Number: 3064-0114.
    Affected Public: Insured branches of foreign banks.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-1114]
----------------------------------------------------------------------------------------------------------------
                                 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. Approval to Conduct          Reporting                      1               1           08:00               8
 Activities, 12 CFR 303.187      (Annual).
 (Mandatory).
2. Consent to Operate, 12 CFR   Reporting                      1               1           08:00               8
 303.186 (Mandatory).            (Annual).
3. Moving a Branch, 12 CFR      Reporting                      1               1           08:00               8
 303.184 (Mandatory).            (Annual).
4. Pledge of Assets Documents,  Disclosure                    10               4           00:15              10
 12 CFR 347.209(e)(4)            (Quarterly).
 (Mandatory).
5. Pledge of Assets Reports,    Reporting                     10               4            2:00              80
 12 CFR 347.209(e)(6)            (Quarterly).
 (Mandatory).
6. Recordkeeping, 12 CFR        Recordkeeping                 10               1          120:00           1,200
 347.205 (Mandatory).            (Annual).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............           1,314
     (Hours).
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Source: FDIC.

    General Description of Collection: Applications to move an insured 
state licensed branch of a foreign bank; applications to operate as 
such noninsured state-licensed branch of a foreign bank; applications 
from an insured state-licensed branch of a foreign bank to conduct 
activities that are not permissible for a federally licensed branch; 
internal recordkeeping by such branches; and reporting and 
recordkeeping requirements relating to such a branch's pledge of assets 
to the FDIC. There is no change in the methodology or substance of this 
information collection. The estimated burden remains unchanged from 
2021.
    3. Title: Liquidity Coverage Ratio: Liquidity Risk Measurement, 
Standards, and Monitoring (LCR).
    OMB Number: 3064-0197.
    Affected Public: State savings associations and State nonmember 
banks.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0197]
----------------------------------------------------------------------------------------------------------------
                                 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. 329.40(a) Notification that  Reporting (On                  1               1           00:30               1
 liquidity coverage ratio is     Occasion).
 less than minimum in 329.10;
 329.110(a) NSFR shortfall
 notification. (Mandatory).
2. 329.40(b) and 329.110(b).    Reporting (On                  1               1           44:30              45
 LCR and NSFR Shortfall          Occasion).
 Reporting Requirements.
 (Mandatory).
3. 329.40(b)(3)(iv) and         Reporting (On                  1               1           00:30               1
 329.110(b)(3) Report of         Occasion).
 progress toward achieving
 compliance. (Mandatory).
4. 329.22(a) and 329.109(b)     Recordkeeping                  3               1           25:00              75
 Policies and Procedures.        (Annual).
 (Mandatory).
5. 329.4(a) Qualified Master    Recordkeeping                  3               1           00:30               2
 Netting Agreements.             (Annual).
 (Mandatory).
                                                 ---------------------------------------------------------------

[[Page 2951]]

 
    Total Annual Burden         ................  ..............  ..............  ..............             124
     (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: The LCR rule implements a 
quantitative liquidity requirement and contains requirements subject to 
the PRA. The requirement is designed to promote the short-term 
resilience of the liquidity risk profile of large and internationally 
active banking organizations, thereby improving the banking sector's 
ability to absorb shocks arising from financial and economic stress, 
and to further improve the measurement and management of liquidity 
risk. The LCR rule establishes a quantitative minimum liquidity 
coverage ratio that requires a company subject to the rule to maintain 
an amount of high-quality liquid assets (the numerator of the ratio) 
that is no less than 100 percent of its total net cash outflows over a 
prospective 30 calendar day period (the denominator of the ratio). 
There is no change in the methodology or substance of this information 
collection. This reduction in estimated annual burden (from 994 hours 
in 2021 to 124 hours currently) is due the reduction in both the 
estimated number of annual respondents and the estimated time per 
response.

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, January 10, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-00706 Filed 1-16-24; 8:45 am]
BILLING CODE 6714-01-P