[Federal Register Volume 89, Number 76 (Thursday, April 18, 2024)]
[Notices]
[Pages 27763-27764]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-08255]


-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0213]


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

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. 
3064-0213). The notice of the proposed renewal for this information 
collection was previously published in the Federal Register on March 5, 
2023, allowing for a 60-day comment period.

DATES: Comments must be submitted on or before May 20, 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 27764]]

    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: Industrial Banks and Industrial Loan Companies.
    OMB Number: 3064-0213.
    Forms: None.
    Affected Public: Prospective parent companies of industrial banks 
and industrial loan companies.
    Burden Estimate:

                             Summary of Estimated Annual Burden (OMB No. 3064-0213)
----------------------------------------------------------------------------------------------------------------
                                 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. Initial Listing of           Reporting (On                  2               1           04:00               8
 Subsidiaries, 12 CFR            Occasion).
 354.4(a)(1) (Mandatory).
2. Annual Update of             Reporting                      2               1           04:00               8
 Subsidiaries List, 12 CFR       (Annual).
 354.4(a)(1) (Mandatory).
3. Annual Report of Covered     Reporting                      2               1           10:00              20
 Company and Subsidiaries and    (Annual).
 Other Reports as the FDIC may
 require, 12 CFR 354.4(a)(3)
 (Mandatory).
4. Recordkeeping requirements   Recordkeeping                  2               1           10:00              20
 in written agreement, 12 CFR    (Annual).
 354.4(a)(4) (Mandatory).
5. Contingency Plan, 12 CFR     Reporting                      1               1          345:00             345
 354.4(b) (Mandatory).           (Annual).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............             401
     (Hours).
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: Part 354 of the FDIC regulations 
(part 354) establishes filing requirements for industrial banks or 
industrial loan companies (ILCs) and companies that are not subject to 
Federal consolidated supervision by the Federal Reserve Board but 
control an industrial bank or an ILC (covered company). Specifically, 
part 354 requires any covered company and industrial bank or ILC 
subsidiary of a covered company to enter into one or more written 
agreements with the FDIC. However, the requirements under part 354 do 
not apply to any industrial bank subsidiaries of covered companies that 
were subsidiaries of covered companies prior to the effective date of 
part 354--April 1, 2021. The requirements under part 354 give rise to 
this information collection.
    The total estimated annual burden for this information collection 
is 401 hours, which is a decrease of 56 hours from the 2021 information 
collection submission (457 hours). This decrease is a result of a 
reduction in the estimated annual number of respondents.
    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 April 12, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-08255 Filed 4-17-24; 8:45 am]
BILLING CODE 6714-01-P