[Federal Register Volume 89, Number 49 (Tuesday, March 12, 2024)]
[Notices]
[Pages 17847-17848]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-05166]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request; OMB No. 3064-0015

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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[[Page 17848]]

SUMMARY: The FDIC, as part of its obligations under the Paperwork 
Reduction Act of 1995, invites the general public and other Federal 
agencies to take this opportunity to comment on the request to renew 
the existing information collections described below (OMB Control No. 
3064-0015). The notice of the proposed renewal for this information 
collection was previously published in the Federal Register on November 
2, 2023, allowing for a 60-day comment period.

DATES: Comments must be submitted on or before April 11, 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.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.

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: Interagency Bank Merger Application.
    OMB Number: 3064-0015.
    Form Number: 6220/01.
    Affected Public: FDIC-insured depository institutions.
    Burden Estimate:

                                                                Summary of Annual Burden
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                                                                                     Estimated
     Information collection           Type of burden       Obligation to respond     number of    Estimated frequency of  Estimated time     Estimated
           description                                                              respondents          responses         per response    annual burden
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Interagency Bank Merger Act       Reporting.............  Mandatory.............             103  On Occasion...........              19           1,957
 Application--Affiliated
 Transactions.
Interagency Bank Merger Act       Reporting.............  Mandatory.............             117  On Occasion...........              31           3,627
 Application--Nonaffiliated
 Transactions.
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    Total Estimated Annual Burden: 5,584 hours.
    General Description of Collection: Section 18(c) of the Federal 
Deposit Insurance Act (FDI Act) requires an insured depository 
institution (IDI) that wishes to merge or consolidate with any other 
IDI or, either directly or indirectly, acquire the assets of, or assume 
liability to pay any deposits made in, any other IDI, to apply for the 
prior written approval of the responsible agency (the FDIC; the Board 
of Governors of the Federal Reserve (FRB); or the Office of the 
Comptroller of the Currency (OCC)).\1\ Section 18(c) further requires 
FDIC approval in connection with any merger transaction involving an 
IDI and a non-insured entity.
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    \1\ 12 U.S.C. 1828(c). The FDIC is the responsible agency if the 
acquiring, assuming, or resulting bank is to be a State nonmember 
insured bank or a State savings association.
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    The Interagency Bank Merger Act Application Form (Application Form) 
is used by the FDIC, the FRB, and the OCC for applications under 
Section 18(c) of the FDI Act. The Application Form may be used for any 
merger transaction subject to Section 18(c). There is a different level 
of burden for each of the two types of merger transactions, 
nonaffiliated and affiliated. An affiliate transaction refers to a 
merger, consolidation, other combination, or transfer of any deposit 
liabilities, between an IDI and another entity controlled by the same 
parent company, regardless of whether the other entity is FDIC-insured. 
It includes a business combination between an IDI and an affiliated 
interim institution. Applicants proposing affiliate transactions are 
not required to complete questions 12 through 14 of the Application 
Form. If the merging entities are not controlled by the same parent 
company, the merger transaction is considered nonaffiliated, and the 
applicant must complete the entire application form.
    The FDIC Supplement to the Interagency Bank Merger Act Application 
Form (Supplement) requires each applicant to provide information that 
delineates the relevant geographic market(s) and describes the 
competition in the relevant geographic market(s). The information 
collected focuses on the relevant geographic market(s) where the 
applicant and the entity to be acquired provide banking products or 
services. The Supplement includes specific instructions to facilitate a 
comprehensive competitive analysis relative to transactions between 
nonaffiliated entities.
    There is no change in the method or substance of the collection. 
The 62-hour decrease in burden hours is the result of updated data 
available.

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 March 6, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-05166 Filed 3-11-24; 8:45 am]
BILLING CODE 6714-01-P