[Federal Register Volume 89, Number 58 (Monday, March 25, 2024)]
[Notices]
[Pages 20653-20654]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-06257]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0163]


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. 
3064-0163).

DATES: Comments must be submitted on or before May 24, 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.

[[Page 20654]]

    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: Qualified Financial Contracts Part 371.
    OMB Number: 3064-0163.
    Forms: None.
    Affected Public: State non-member banks and savings associations.
    Burden Estimate:

                                                       Table 1--Summary of Estimated Annual Burden
                                                                   [OMB No. 3064-0163]
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                                                                                                                     Number of     Time per     Annual
  Information collection (IC)  (obligation to         Type of burden  (frequency of response)         Number of    responses per   response     burden
                   respond)                                                                          respondents    respondent      (HH:MM)     (hours)
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1. Full Scope Entities, Implementation          Recordkeeping (Annual).............................            1               1    6,000:00       6,000
 (Mandatory).
2. Full Scope Entities, Ongoing (Mandatory)...  Recordkeeping (Annual).............................           11               1      250:00       2,750
3. Limited Scope Entities, Implementation       Recordkeeping (Annual).............................            3               1       23:30          71
 (Mandatory).
4. Limited Scope Entities, Ongoing (Mandatory)  Recordkeeping (Annual).............................           10               1       11:30         115
5. Reporting Requirements for part 371          Reporting (Annual).................................            4               1        6:00          24
 (Mandatory).
                                                                                                    ----------------------------------------------------
    Total Annual Burden (Hours)...............  ...................................................  ...........  ..............  ..........       8,960
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Source: FDIC.

    General Description of Collection: This collection consists of 
recordkeeping requirements for qualified financial contracts (QFCs) 
held by insured depository institutions in troubled condition. There is 
no change in the methodology or substance of this information 
collection. The decrease in the estimated annual burden (from 10,250 
hours in 2021 to 8,960 hours currently) is due to the decline in the 
estimated number of limited scope entities covered by Part 371.

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, on March 20, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-06257 Filed 3-22-24; 8:45 am]
BILLING CODE 6714-01-P