[Federal Register Volume 89, Number 26 (Wednesday, February 7, 2024)]
[Notices]
[Pages 8428-8429]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-02453]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0099]


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. 
3064-0099).

DATES: Comments must be submitted on or before April 8, 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 a.m. and 5 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: Application for Waiver of Prohibition on Acceptance of 
Brokered Deposits
    OMB Number: 3064-0099.
    Forms: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0099]
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                                          Type of burden                         Number of     Time per   Annual
 Information collection  (obligation       (frequency of         Number of     responses per   response   burden
             to respond)                     response)          respondents     respondent     (HH:MM)   (hours)
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1. Application for Waiver of          Reporting (On                        3               2      06:00       36
 Prohibition on Acceptance of          Occasion).
 Brokered Deposits, 12 CFR 337.6(c)
 (Required to Obtain or Retain a
 Benefit).
2. Notice Submission for Primary      Reporting (On                       23               1      03:00       69
 Purpose Exception Based on            Occasion).
 Placement of Less Than 25 Percent
 of Customer Assets Under
 Administration--Initial submission
 12 CFR 303.243(b)(3)(i)(A)
 (Required to Obtain or Retain a
 Benefit).
3. Notice Submission for Primary      Reporting (on                       30               1      05:00      150
 Purpose Exception Based on Enabling   occasion).
 Transactions--Initial submission 12
 CFR 303.243(b)(3)(i)(B) (Required
 to Obtain or Retain a Benefit).
4. Application for Primary Purpose    Reporting (On                        5               1      10:00       50
 Exception Not Based on Business       Occasion).
 Arrangements that Meets a
 Designated Exception 12 CFR
 303.243(b)(4) (Required to Obtain
 or Retain a Benefit).

[[Page 8429]]

 
5. Notice Submission for Primary      Reporting (Quarterly).              23               4      00:30       46
 Purpose Exception Based on the
 Placement of Less Than 25 Percent
 of Customer Assets Under
 Administration--Ongoing, 12 CFR
 303.243(b)(3)(v) (Required to
 Obtain or Retain a Benefit).
6. Notice Submission for Primary      Reporting (Annual)....              23               1      00:30       12
 Purpose Exception Based on Enabling
 Transactions--Ongoing, 12 CFR
 303.243(b)(3)(v) (Required to
 Obtain or Retain a Benefit).
7. Reporting for Primary Purpose      Reporting (Quarterly).               2               4      00:15        2
 Exception Not Based on the Business
 Arrangements that meets a
 Designated Exception--Ongoing, 12
 CFR 303.243(b)(4)(vi) (Required to
 Obtain or Retain a Benefit).
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    Total Annual Burden (Hours):....  ......................  ..............  ..............  .........      365
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Source: FDIC.

    General Description of Collection: Section 29 of the Federal 
Deposit Insurance Act prohibits undercapitalized insured depository 
institutions from accepting, renewing, or rolling over any brokered 
deposits. Adequately capitalized institutions may do so with a waiver 
from the FDIC, while well-capitalized institutions may accept, renew, 
or roll over brokered deposits without restriction. This information 
collection captures the burden associated with preparing and filing an 
application for a waiver of the prohibition on the acceptance of 
brokered deposits. There is no change in the methodology or substance 
of this information collection. The reduction in burden is primarily 
due to the fact that virtually all FDIC-supervised institutions have 
gone through the implementation burden and face primarily burden 
related to their ongoing operations.

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, February 2, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-02453 Filed 2-6-24; 8:45 am]
BILLING CODE 6714-01-P