[Federal Register Volume 89, Number 85 (Wednesday, May 1, 2024)]
[Notices]
[Page 35095]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-09374]



[[Page 35095]]

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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0019]


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. 
3064-0019).

DATES: Comments must be submitted on or before July 1, 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.
    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: Interagency Notice of Change in Control.
    OMB Number: 3064-0019.
    Form Number: 6822/01.
    Affected Public: Individuals, insured state nonmember banks, and 
insured state savings associations.
    Burden Estimate:

                                                 Summary of Estimated Annual Burden (OMB No. 3064-0019)
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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. Form 6822/01--Interagency Notice of Change   Reporting (On Occasion)...........................            34            0.82       29:30         826
 in Control, 12 CFR 303.85 (Mandatory).
2. Interagency Notice of Change in Control      Disclosure (On Occasion)..........................            34            0.82       01:00          28
 Public Notice Requirement, 12 CFR 303.87
 (Mandatory).
                                                                                                   -----------------------------------------------------
    Total Annual Burden (Hours)...............  ..................................................  ............  ..............  ..........         854
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Source: FDIC.

    General Description of Collection: Section 7(j) of the FDIA (12 
U.S.C. 1817(j)) and sections 303.80-88 of the FDIC Rules and 
Regulations (12 CFR 303.80 et seq.) require that any person proposing 
to acquire control of an insured depository institution and certain 
parent companies thereof provide 60 days prior written notice of the 
proposed acquisition to the appropriate federal banking agency. Such 
written notice which pertains to the acquisition of control of an FDIC 
supervised institution and certain parent companies thereof is filed 
with the regional director of the FDIC region in which the bank is 
located. The FDIC reviews the information reported in the Notice to 
assess, in part, any anticompetitive and monopolistic effects of the 
proposed acquisition, to determine if the financial condition of any 
acquiring person or the future prospects of the institution might 
jeopardize the financial stability of the institution or prejudice the 
interests of the depositors of the institution, and to determine 
whether the competence, experience, or integrity of any acquiring 
person, or of any of the proposed management personnel, indicates that 
it would not be in the interest of the depositors of the institution, 
or in the interest of the public, to permit such persons to control the 
bank. The FDIC must also make an independent determination of the 
accuracy and completeness of all of the information required to be 
filed in conjunction with a Notice.
    The FDIC is increasing the total burden associated with this 
collection from 549 hours to 854 hours. This information collection 
contains a disclosure requirement, which was not recognized in the 2021 
submission. The 305 increase in burden hours is due to the addition of 
the disclosure requirement and the use of a more accurate methodology 
to estimate the number of respondents and responses per respondent.

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.

    By order of the Board of Directors.

    Dated at Washington, DC, April 26, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-09374 Filed 4-30-24; 8:45 am]
BILLING CODE 6714-01-P