[Federal Register Volume 89, Number 55 (Wednesday, March 20, 2024)]
[Notices]
[Pages 19829-19831]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-05898]


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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, invites the

[[Page 19830]]

general public and other Federal agencies to take this opportunity to 
comment on the request to renew the existing information collection 
described below (OMB Control No. 3064-0099). A notice of the proposed 
renewal for this information collection was published in the Federal 
Register allowing for a 60-day comment period.

DATES: Comments must be submitted on or before April 19, 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.
    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: 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.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

                                                           Summary of Estimated Annual Burden
                                                                   [OMB No. 3064-0099]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                     Number of     Time per     Annual
    Information collection  (obligation to             Type of burden (frequency of response)         Number of    responses per   response     burden
                   respond)                                                                          respondents    respondent      (HH:MM)     (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1. Application for Waiver of Prohibition on     Reporting (On Occasion)............................            3               2       06:00          36
 Acceptance of Brokered Deposits, 12 CFR
 337.6(c) (Required to Obtain or Retain a
 Benefit).
2. Notice Submission for Primary Purpose        Reporting (On Occasion)............................           23               1       03:00          69
 Exception Based on 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 Purpose        Reporting (On Occasion)............................           30               1       05:00         150
 Exception Based on Enabling Transactions--
 Initial submission, 12 CFR
 303.243(b)(3)(i)(B) (Required to Obtain or
 Retain a Benefit).
4. Application for Primary Purpose Exception    Reporting (On Occasion)............................            5               1       10:00          50
 Not Based on Business Arrangements that Meets
 a Designated Exception, 12 CFR 303.243(b)(4)
 (Required to Obtain or Retain a Benefit).
5. Notice Submission for Primary Purpose        Reporting (Quarterly)..............................           23               4       00:30          46
 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 Purpose        Reporting (Annual).................................           23               1       00:30          12
 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 Exception Not  Reporting (Quarterly)..............................            2               4       00:15           2
 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).
                                               ---------------------------------------------------------------------------------------------------------
    Total Annual Burden (Hours)...............  ...................................................  ...........  ..............  ..........         365
--------------------------------------------------------------------------------------------------------------------------------------------------------
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

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implementation burden and face primarily burden related to their 
ongoing operations.

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 15, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-05898 Filed 3-19-24; 8:45 am]
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