[Federal Register Volume 89, Number 137 (Wednesday, July 17, 2024)]
[Notices]
[Pages 58158-58164]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-15685]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0019; -0082; -0084]


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. 
3064-0019, -0082, and -0084). The notice of the proposed renewal for 
these information collections were previously published in the Federal 
Register on May 1, 2024, and May 7, 2024, allowing for a 60-day comment 
period.

DATES: Comments must be submitted on or before August 16, 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

[[Page 58159]]

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: 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 Burdens
                                                                   [OMB No. 3064-0019]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Number of       Time per
            IC description                  Type of burden        Frequency of response      Number of      responses/       response      Annual burden
                                        (obligation to respond)                             respondents     respondent        (hours)         (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Form 6822/01--Interagency Notice of    Reporting (Mandatory)...  On occasion............              34               1            30.5           1,037
 Change in Control, 12 CFR 303.85.
Notice of Change in Control Public     Disclosure (Mandatory)..  On Occasion............              34               1               1              34
 Notice Requirement, 12 CFR 303.87.
                                                                                         ---------------------------------------------------------------
    Total Annual Burden Hours........  ........................  .......................  ..............  ..............  ..............           1,071
--------------------------------------------------------------------------------------------------------------------------------------------------------
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 1,071 hours. This information collection 
contains a disclosure requirement, which was not recognized in the 2021 
submission. The 522 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.
    2. Title: Recordkeeping, Disclosure and Reporting Requirements in 
Connection with Regulation Z.
    OMB Number: 3064-0082.
    Form Number: None.
    Affected Public: FDIC- Supervised Institutions.
    Burden Estimate:

                           Table 1--Summary of Estimated Annual Implementation Burden
                                               [OMB No. 3064-0082]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
  Information collection (IC)     (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
                                            Open-End Credit Products
                                  Not Home-Secured Open-End Credit Plans
                                     [cir] Credit and Charge Card Provisions
----------------------------------------------------------------------------------------------------------------
Timely Settlement of Estate     Recordkeeping                  8               1           08:00              64
 Debts Written Policies and      (On Occasion).
 Procedures, 12 CFR
 1026.11(c)(1) (Mandatory).
Ability to Pay Written          Recordkeeping                  8               1           08:00              64
 Policies and Procedures, 12     (On Occasion).
 CFR 1026.51(a)(ii)
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                     Mortgage Products (Open and Closed-End)
                                          Valuation Independence
                                            [cir] Mandatory Reporting
----------------------------------------------------------------------------------------------------------------
Implementation of Policies and  Recordkeeping                  8               1           20:00             160
 Procedures, 12 CFR 1026.42(g)   (On Occasion).
 (Mandatory).
    Total Annual                ................  ..............  ..............  ..............             288
     Implementation Burden
     (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
Note: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual
  number of responses and the estimated time per response for a given IC. The estimated annual number of
  responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents
  and the estimated annual number of responses per respondent. This methodology ensures the estimated annual
  burdens in the table are consistent with the values recorded in OMB's consolidated information system.


[[Page 58160]]


                               Table 2--Summary of Estimated Annual Ongoing Burden
                                               [OMB No. 3064-0082]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
  Information collection (IC)     (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
                                            Open-End Credit Products
                                  Not Home-Secured Open-End Credit Plans
                    [cir] General Disclosure Rules for Not Home-Secured Open-End Credit Plans
----------------------------------------------------------------------------------------------------------------
1. Credit and Charge Card       Disclosure                   478               1           08:00           3,824
 Applications and                (Annual).
 Solicitations, 12 CFR 1026.60
 (Mandatory).
2. Account Opening              Disclosure                   478               1           12:00           5,736
 Disclosures, 12 CFR 1026.6(b)   (Annual).
 (Mandatory).
3. Periodic Statements, 12 CFR  Disclosure                   478              12           08:00          45,888
 1026.7(b) (Mandatory).          (Monthly).
4. Annual Statement of Billing  Disclosure                   478               1           08:00           3,824
 Rights, 12 CFR 1026.9(a)(1)     (Annual).
 (Mandatory).
5. Alternative Summary          Disclosure                   478              12           08:00          45,888
 Statement of Billing Rights,    (Monthly).
 12 CFR 1026.9(a)(2)
 (Voluntary).
6. Change in Terms              Disclosure                   478               1           08:00           3,824
 Disclosures, 12 CFR 1026.9(b)   (Annual).
 through (h) (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                     [cir] Credit and Charge Card Provisions
----------------------------------------------------------------------------------------------------------------
7. Timely Settlement of Estate  Disclosure (On               478              61           00:05           2,430
 Debts, 12 CFR 1026.11(c)(2)     Occasion).
 (Mandatory).
8. Ability to Pay, 12 CFR       Recordkeeping                478               1           12:00           5,736
 1026.51 (Mandatory).            (Annual).
9. College Student Credit       Reporting                    478               1           08:00           3,824
 Annual Report, 12 CFR           (Annual).
 1026.57(d) (Mandatory).
10. Submission of Credit Card   Reporting                    478               4           03:00           5,736
 Agreements, 12 CFR 1026.58(c)   (Quarterly).
 (Mandatory).
11. Internet Posting of Credit  Disclosure                   478               4           06:00          11,472
 Card Agreements, 12 CFR         (Quarterly).
 1026.58(d) (Mandatory).
12. Individual Credit Card      Disclosure (On               478              14           00:15           1,673
 Agreements, 12 CFR 1026.58(e)   Occasion).
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                Home Equity Open-End Credit Plans (HELOC)
                                   [cir] General Disclosure Rules for HELOC's
----------------------------------------------------------------------------------------------------------------
13. Application Disclosures,    Disclosure                 2,189               1           12:00          26,268
 12 CFR 1026.40 (Mandatory).     (Annual).
14. Account Opening             Disclosure                 2,189               1           12:00          26,268
 Disclosures, 12 CFR 1026.6(a)   (Annual).
 (Mandatory).
15. Periodic Statements, 12     Disclosure                 2,189               1           08:00          17,512
 CFR 1026.7(a) (Mandatory).      (Annual).
16. Annual Statement of         Disclosure                 2,189               1           08:00          17,512
 Billing Rights, 12 CFR          (Annual).
 1026.9(a)(1) (Mandatory).
17. Alternative Summary         Disclosure                 2,189               1           08:00          17,512
 Statement of Billing Rights,    (Annual).
 12 CFR 1026.9(a)(2)
 (Mandatory).
18. Change in Terms             Disclosure                 2,189               1           08:00          17,512
 Disclosures, 12 CFR 1026.9(b)   (Annual).
 through (h) (Mandatory).
19. Notice to Restrict Credit,  Disclosure                 2,189               1           02:00           4,378
 12 CFR 1026.9(c)(1)(iii);       Annual).
 1026.40(f)(3)(i) and (vi)
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                        All Open-End Credit Plans
----------------------------------------------------------------------------------------------------------------
20. Error Resolution, 12 CFR    Disclosure (On             2,265             937           00:01          35,372
 1026.13 (Mandatory).            Occasion).
----------------------------------------------------------------------------------------------------------------
                                           Closed-End Credit Products
                                   General Rules for Closed-End Credit
----------------------------------------------------------------------------------------------------------------
21. Other than Real Estate,     Disclosure                 2,551               1           12:00          30,612
 Home-Secured and Private        (Annual).
 Education Loans, 12 CFR
 1026.17 and 1026.18
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                           Closed-End Mortgages
                                       [cir] Application and Consummation
----------------------------------------------------------------------------------------------------------------
22. Loan Estimate, 12 CFR       Disclosure                 2,815               1           08:00          22,520
 1026.19(e); and 1026.37         (Annual).
 (Mandatory).
23. Closing Disclosure, 12 CFR  Disclosure                 2,815               1           08:00          22,520
 1026.19(f); and 1026.38         (Annual).
 (Mandatory).
24. Record Retention of         Recordkeeping              2,815               1           00:18             845
 Disclosures, 12 CFR             (Annual).
 1026.19(e), (f); 1026.37; and
 1026.38 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                       [cir] Post-Consummation Disclosures
----------------------------------------------------------------------------------------------------------------
25. Interest Rate and Payment   Disclosure                 2,815               1           40:00         112,600
 Summary, 12 CFR 1026.18(s)      (Annual).
 (Mandatory).
26. No Guarantee to Refinance   Disclosure                 2,815               1           08:00          22,520
 Statement, 12 CFR 1026.18(t)    (Annual).
 (Mandatory).
27. ARMs Rate Adjustments with  Disclosure                 2,815               1           01:30           4,223
 Payment Change Disclosures,     (Annual).
 12 CFR 1026.20(c) (Mandatory).
28. Initial Rate Adjustment     Disclosure                 2,815               1           02:00           5,630
 Disclosure for ARMs, 12 CFR     (Annual).
 1026.20(d) (Mandatory).
29. Escrow Cancellation         Disclosure                 2,815               1           08:00          22,520
 Notice, 12 CFR 1026.20(e)       (Annual).
 (Mandatory).

[[Page 58161]]

 
30. Periodic Statements, 12     Disclosure                 2,815               1           08:00          22,520
 CFR 1026.41 (Mandatory).        (Annual).
----------------------------------------------------------------------------------------------------------------
                                       [cir] Ability to Repay Requirements
----------------------------------------------------------------------------------------------------------------
31. Minimum Standards, 12 CFR   Recordkeeping              2,815            1166           00:15         820,573
 1026.43(c) through (f)          (On Occasion).
 (Mandatory).
32. Prepayment Penalties, 12    Disclosure (On             2,815              45           00:12          25,335
 CFR 1026.43(g) (Mandatory).     Occasion).
----------------------------------------------------------------------------------------------------------------
                                     Mortgage Products (Open and Closed-End)
                                      Mortgage Servicing Disclosures
                                             [cir] Payoff Statements
----------------------------------------------------------------------------------------------------------------
33. Payoff Statements, 12 CFR   Disclosure                 2,829               1           08:00          22,632
 1026.36(c)(3) (Mandatory).      (Annual).
----------------------------------------------------------------------------------------------------------------
                                        [cir] Notice of Sale or Transfer
----------------------------------------------------------------------------------------------------------------
34. Notice of Sale or           Disclosure                 2,829               1           08:00          22,632
 Transfer, 12 CFR 1026.39        (Annual).
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                          Valuation Independence
                                            [cir] Mandatory Reporting
----------------------------------------------------------------------------------------------------------------
35. Reporting Appraiser         Reporting (On              2,829               1           00:10             472
 Noncompliance, 12 CFR           Occasion).
 1026.42(g) (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                         Reverse and High-Cost Mortgages
                                            Reverse Mortgages
                                       [cir] Reverse Mortgage Disclosures
----------------------------------------------------------------------------------------------------------------
36. Reverse Mortgage            Disclosure                     1               1           24:00              24
 Disclosures, 12 CFR             (Annual).
 1026.31(c)(2) and 1026.33
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                         High-Cost Mortgage Loans
                                       [cir] HOEPA Disclosures and Notice
----------------------------------------------------------------------------------------------------------------
37. HOEPA Disclosures and       Disclosure                 2,815               1           00:14             657
 Notice, 12 CFR 1026.32(c)       (Annual).
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                             Private Education Loans
                                           Initial Disclosures
                                 [cir] Application and Solicitation Disclosures
----------------------------------------------------------------------------------------------------------------
38. Application or              Disclosure                 2,755               1           60:00         165,300
 Solicitation Disclosures, 12    (Annual).
 CFR 1026.47(a) (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                           [cir] Approval Disclosures
----------------------------------------------------------------------------------------------------------------
39. Approval Disclosures, 12    Disclosure                 2,755               1           60:00         165,300
 CFR 1026.47(b) (Mandatory).     (Annual).
----------------------------------------------------------------------------------------------------------------
                                             [cir] Final Disclosures
----------------------------------------------------------------------------------------------------------------
40. Final Disclosures, 12 CFR   Disclosure                 2,755               1           60:00         165,300
 1026.47(c) (Mandatory).         (Annual).
----------------------------------------------------------------------------------------------------------------
                                                Advertising Rules
                                             All Credit Types
                                              [cir] Open-End Credit
----------------------------------------------------------------------------------------------------------------
41. Open-End Credit, 12 CFR     Disclosure                 2,265               1           00:20             755
 1026.16 (Mandatory).            (Annual).
----------------------------------------------------------------------------------------------------------------
                                             [cir] Closed-End Credit
----------------------------------------------------------------------------------------------------------------
42. Closed-End Credit, 12 CFR   Disclosure                 2,856               1           00:20             952
 1026.24 (Mandatory).            (Annual).
----------------------------------------------------------------------------------------------------------------
                                                Record Retention
                                          Evidence of Compliance
----------------------------------------------------------------------------------------------------------------
43. Regulation Z in General,    Recordkeeping              2,857               1           00:18             857
 12 CFR 1026.25 (Mandatory).     (Annual).
                                                 ---------------------------------------------------------------
    Total Annual Ongoing        ................  ..............  ..............  ..............       1,959,488
     Burden (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
Note: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual
  number of responses and the estimated time per response for a given IC. The estimated annual number of
  responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents
  and the estimated annual number of responses per respondent. This methodology ensures the estimated annual
  burdens in the table are consistent with the values recorded in OMB's consolidated information system.

    General Description of Collection: Consumer Financial Protection 
Bureau (CFPB) Regulation Z--12 CFR 1026 implements the Truth in Lending 
Act (15 U.S.C. 1601, et seq.) and certain provisions of the Real Estate 
Settlement Procedures Act (12 U.S.C. 2601 et seq.). This regulation 
prescribes uniform methods for computing the cost of credit, the 
disclosure of credit terms and costs, the resolution of errors and 
imposes various other recordkeeping,

[[Page 58162]]

reporting and disclosure requirements. The FDIC has enforcement 
authority on the requirements of the CFPB's Regulation over the 
financial institutions it supervises. This information collection 
captures the recordkeeping, reporting, and disclosure burdens of 
Regulation Z on FDIC-supervised institutions. To arrive at the 
estimated annual burden the FDIC assessed the number of potential 
respondents to the information collection by identifying the number of 
FDIC-supervised institutions who reported activity that would be within 
the scope of the information collection requirements according to data 
from the most recent Call Report. Additionally, the FDIC estimated the 
frequency of responses to the recordkeeping, reporting, or disclosure 
requirements by assessing the dollar volume of activity that would be 
within the scope of the information collection. In some instances, the 
FDIC used information provided by other sources to estimate the 
magnitude and scope of activity attributable to FDIC-supervised 
institutions when more immediate information sources did not exist.
    The estimated annual burden, in hours, is the product of the 
estimated number of respondents per year, estimated number of responses 
per respondent per year, and estimated hours per response, as 
summarized in Table 1 for the implementation burden and in Table 2 for 
the ongoing burden, below. The total estimated annual burden for this 
Information Collection Request (ICR) is 1,959,766 hours (288 hours 
estimated implementation burden, plus 1,959,488 hours estimated ongoing 
burden), which is a decrease of 71,838 hours from the 2021 estimate. As 
the estimated time per response remained the same from the 2021 ICR, 
the change in the total estimated annual burden hours is attributable 
to the decrease in the estimated number of respondents in Table 2.
    3. Title: Account Based Disclosures in Connection with Consumer 
Financial Protection Bureau Regulations E and DD and Federal Reserve 
Regulation CC.
    OMB Number: 3064-0084.
    Form Number: None.
    Affected Public: FDIC--Supervised Institutions.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0084]
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
  Information collection (IC)     (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
                                       CFPB Regulation E--12 CFR Part 1005
----------------------------------------------------------------------------------------------------------------
1. Initial Disclosures:         Disclosure (On             2,871              83         00:01.5           5,957
 General, 12 CFR 1005.7(b)       Occasion).
 (Mandatory).
2. Initial Disclosures:         Disclosure (On                 6           5,000         00:01.5             750
 Payroll Cards, 12 CFR           Occasion).
 1005.18(c)(1) (Mandatory).
3. Initial Disclosures: Change  Disclosure (On             2,871             113           00:01           5,407
 in Terms, 12 CFR 1005.8(a)      Occasion).
 (Mandatory).
4. Error Resolution Rules:      Disclosure (On             2,871               3           00:30           4,307
 General, 12 CFR 1005.8(b), 12   Occasion).
 CFR 1005.11 (Mandatory).
5. Error Resolution Rules:      Disclosure (On                 6               8           00:30              24
 Payroll Cards, 12 CFR 1005.18   Occasion).
 (Mandatory).
6. Prepaid Accounts: New        Disclosure (On                 2           24.33           40:00           1,960
 Products--Short Form            Occasion).
 Disclosure, 12 CFR
 1005.18(b)(2), 12 CFR
 1005.15(c) (Mandatory).
7. Prepaid Accounts: New        Disclosure (On                 2           24.33           08:00             392
 Products--Long Form             Occasion).
 Disclosure, 12 CFR
 1005.18(b)(4), 12 CFR
 1005.15(c) (Mandatory).
8. Prepaid Accounts:            Disclosure (On                 1               1           04:00               4
 Implementation--Short Form      Occasion).
 Additional Fee Type
 Disclosure, 12 CFR
 1005.18(b)(2)(ix) (Mandatory).
9. Prepaid Accounts:            Recordkeeping                  1               1           24:00              24
 Implementation--Access to       (On Occasion).
 Prepaid Account Information,
 12 CFR 1005.18(c)(5), 12 CFR
 1005.15(d) (Mandatory).
10. Prepaid Accounts:           Recordkeeping                  1               1           08:00               8
 Implementation--Error           (On Occasion).
 Resolution, 12 CFR
 1005.18(e)(2), 12 CFR 1005.11
 (Mandatory).
11. Prepaid Accounts:           Reporting (On                  1               1           01:00               1
 Implementation--Submission of   Occasion).
 Agreements, 12 CFR 1005.19(b)
 (Mandatory).
12. Prepaid Accounts: Ongoing-- Disclosure                    15               1           00:30               8
 Short Form Additional Fee       (Annual).
 Type Disclosure, 12 CFR
 1005.18(b)(2)(ix) (Mandatory).
13. Prepaid Accounts: Ongoing-- Recordkeeping                 15               1           00:30               8
 Access to Prepaid Account       (Annual).
 Information, 12 CFR
 1005.18(c)(5), 12 CFR
 1005.15(d) (Mandatory).
14. Prepaid Accounts: Ongoing-- Recordkeeping                 15               1           00:30               8
 Error Resolution, 12 CFR        (Annual).
 1005.18(e)(2), 12 CFR 1005.11
 (Mandatory).
15. Prepaid Accounts: Ongoing-- Reporting                     15               1           00:30               8
 Submission of Agreements, 12    (Annual).
 CFR 1005.19(b) (Mandatory).
16. Gift Cards/Certificates:    Recordkeeping                  2               1           20:00              40
 Implementation--Exclusion       (On Occasion).
 Policies and Procedures, 12
 CFR 1005.20(b)(2) (Mandatory).
17. Gift Cards/Certificates:    Recordkeeping                  2               1           20:00              40
 Implementation--Policies &      (On Occasion).
 Procedures 12 CFR
 1005.20(e)(1) (Mandatory).
18. Gift Cards/Certificates:    Recordkeeping                 12               1           00:15               3
 Ongoing--Exclusion Policies     (Annual).
 and Procedures, 12 CFR
 1005.20(b)(2) (Mandatory).
19. Gift Cards/Certificates:    Recordkeeping                 12               1           00:15               3
 Ongoing--Policies &             (Annual).
 Procedures 12 CFR
 1005.20(e)(1) (Mandatory).
20. Remittances:                Recordkeeping                  1               1           08:00               8
 Implementation--Policies &      (On Occasion).
 Procedures for Error
 Resolution and Retention of
 Documentation 12 CFR
 1005.33(g), 12 CFR 1005.13
 (Mandatory).
21. Remittances: Ongoing--      Recordkeeping                122               1           00:30              61
 Policies & Procedures for       (Annual).
 Error Resolution and
 Retention of Documentation 12
 CFR 1005.33(g), 12 CFR
 1005.13 (Mandatory).
22. Remittance Transfer         Disclosure                   122              12           08:00          11,712
 Disclosures 12 CFR 1005.31      (Monthly).
 (Mandatory).
23. Error Resolution for        Disclosure                   122              12           04:30           6,588
 Remittance Transfers 12 CFR     (Monthly).
 1005.33 (Mandatory).

[[Page 58163]]

 
24. Remittance Transfers        Disclosure                   122               1           08:00             976
 Scheduled before date of        (Annual).
 transfer 12 CFR 1005.36
 (Mandatory).
----------------------------------------------------------------------------------------------------------------
                                      CFPB Regulation DD--12 CFR Part 1030
----------------------------------------------------------------------------------------------------------------
25. Account disclosures (Upon   Disclosure (On             2,871             170         00:01.5          12,202
 Request and New Accounts), 12   Occasion).
 CFR 1030.4 (Mandatory).
26. Change in Terms, 12 CFR     Disclosure (On             2,871             380           00:01          18,183
 1030.5 (Mandatory).             Occasion).
27. Prematurity (renewal)       Disclosure (On             2,871             340           00:01          16,269
 Notices to Consumers, 12 CFR    Occasion).
 1030.5 (Mandatory).
28. Disclosures on Periodic     Disclosure                 2,871              12           04:00         137,808
 Statements, 12 CFR 1030.6       (Monthly).
 (Mandatory).
29. Advertising, 12 CFR 1030.8  Disclosure                 2,871              12           00:30          17,226
 (Mandatory).                    (Monthly).
----------------------------------------------------------------------------------------------------------------
                              Federal Reserve Board Regulation CC--12 CFR Part 229
----------------------------------------------------------------------------------------------------------------
30. Specific Availability       Disclosure (On             2,936             140           00:01           6,851
 Policy Disclosure (Initial      Occasion).
 Notice, Upon Request, Upon
 Change in Policy),.
12 CFR 229.16, 12 CFR 229.17,
 12 CFR 229.18(d) (Mandatory).
31. Case-by-case Hold Notice    Disclosure (On             2,936             717           00:03         105,256
 to Consumers, 12 CFR            Occasion).
 229.16(c) (Mandatory).
32. Notice of Exceptions to     Disclosure (On             2,936             247           00:03          36,260
 Hold Policy, (12 CFR            Occasion).
 229.13(g)) (Mandatory).
33. Notice posted where         Disclosure (On             2,936               1           00:15             734
 consumers make deposits         Occasion).
 (Incl. ATMs), 12 CFR
 229.18(b), 12 CFR 229.18(c)
 (Mandatory).
34. Notice to consumers of      Disclosure (On             2,936             170           00:01           8,319
 changes in policy, 12 CFR       Occasion).
 229.18(e) (Mandatory).
35. Annual notice of new ATMs,  Disclosure                 2,936               1           05:00          14,680
 12 CFR 229.18(e) (Mandatory).   (Annual).
36. Notice of nonpayment--      Disclosure (On             2,936            2211           00:01         108,192
 notice to depository bank, 12   Occasion).
 CFR 229.33(a) and 12 CFR
 229.33(d) (Mandatory).
37. Response to consumer's      Disclosure (On             2,936              12           00:15           8,808
 recredit claim (validation,     Occasion).
 denial, reversal), 12 CFR
 229.54(e) (Mandatory).
38. Bank's claim against an     Reporting (On              2,936               5           00:15           3,670
 indemnifying bank, 12 CFR       Occasion).
 229.55 (Mandatory).
39. Consumer awareness          Disclosure (On             2,936             170           00:01           8,319
 disclosure, 12 CFR 229.57       Occasion).
 (Mandatory).
40. Reg CC Consumer Burden--    Reporting (On              2,936               8           00:15           5,872
 Expedited recredit claim        Occasion).
 notice, 12 CFR 229.54(a) and
 12 CFR 229.54(b)(2)
 (Mandatory).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............         546,946
     (Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
Note: The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual
  number of responses and the estimated time per response for a given IC. The estimated annual number of
  responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents
  and the estimated annual number of responses per respondent. This methodology ensures the estimated annual
  burdens in the table are consistent with the values recorded in OMB's consolidated information system.

    General Description of Collection: Regulations E & DD (Consumer 
Financial Protection Bureau's Regulations) and Regulation CC (the 
Federal Reserve's Regulation) ensure adequate disclosures regarding 
accounts, including electronic fund transfer services, availability of 
funds, and fees and annual percentage yield for deposit accounts. 
Generally, the Regulation E disclosures are designed to ensure 
consumers receive adequate disclosure of basic terms, costs, and rights 
relating to electronic fund transfer (EFT) services provided to them so 
that they can make informed decisions. Institutions offering EFT 
services must disclose to consumers certain information, including: 
Initial and updated EFT terms, transaction information, the consumer's 
potential liability for unauthorized transfers, and error resolution 
rights and procedures. Like Regulation E, Regulation CC contains 
consumer protection disclosure requirements. Specifically, Regulation 
CC requires depository institutions to make funds deposited in 
transaction accounts available within specified time periods, disclose 
their availability policies to customers, and begin accruing interest 
on such deposits promptly. The disclosures are intended to alert 
customers that their ability to use deposited funds may be delayed, 
prevent unintentional (and costly) overdrafts, and allow customers to 
compare the policies of different institutions before deciding at which 
institution to deposit funds. Depository institutions must also provide 
an awareness disclosure regarding substitute checks. The regulation 
also requires notice to the depositary bank and to a customer of 
nonpayment of a check. Regulation DD also has similar consumer 
protection disclosure requirements that are intended to assist 
consumers in comparing deposit accounts offered by institutions, 
principally through the disclosure of fees, the annual percentage 
yield, and other account terms. Regulation DD requires depository 
institutions to disclose yields, fees, and other terms concerning 
deposit accounts to consumers at account opening, upon request, and 
when changes in terms occur. Depository institutions that provide 
periodic statements are required to include information about fees 
imposed, interest earned, and the annual percentage yield (APY) earned 
during those statement periods. It also contains rules about 
advertising deposit accounts. This Information Collection

[[Page 58164]]

Request (ICR) is being revised as a result of the addition of five (5) 
new information collection requirements contained in CFPB's Regulation 
E, Subpart B. The estimated annual burden, in hours, is the product of 
the estimated number of respondents per year, estimated number of 
responses per respondent per year, and estimated hours per response, as 
summarized in the Table above. The total estimated annual burden for 
this ICR is 546,946 hours, which is a decrease of 45,875 hours from our 
estimate in the 2021 memo (592,821 hours). This decrease can be 
explained largely by a decline in the number of FDIC-supervised IDIs 
from December 31, 2020 (the period used in the previous OMB renewal) to 
December 31, 2023. This decrease is attenuated by the inclusion of five 
ICs pertaining to recordkeeping and disclosure requirements associated 
with remittance transfers in Subpart B of CFPB Regulation E.
    The estimated annual burden and change in burden, broken down by 
each Regulation (E, DD, and CC), is as follows:

----------------------------------------------------------------------------------------------------------------
                                                                    2021 Total      2024 Total
                           Regulation                              annual burden   annual burden  Change (hours)
                                                                      (hours)         (hours)
----------------------------------------------------------------------------------------------------------------
CFPB Regulation E...............................................          28,950          38,297          +9,347
CFPB Regulation DD..............................................         223,594         201,688         -21,906
FRB Regulation CC...............................................         340,277         306,961         -33,316
Total Annual Burden.............................................         592,821         546,946         -45,875
----------------------------------------------------------------------------------------------------------------

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 July 12, 2024.
Hina Z. Hussain,
Acting Assistant Executive Secretary.
[FR Doc. 2024-15685 Filed 7-16-24; 8:45 am]
BILLING CODE 6714-01-P