[Federal Register Volume 89, Number 162 (Wednesday, August 21, 2024)]
[Notices]
[Pages 67635-67637]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-18711]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0028; -0109; -0124; -0134]


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. 
3064-0028; -0109; -0124 and -0134).

DATES: Comments must be submitted on or before October 21, 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: Recordkeeping and Confirmation Requirements for 
Securities Transactions.
    OMB Number: 3064-0028.
    Form Number: None.
    Affected Public: FDIC-Insured Institutions and Certain Employees of 
the FDIC-Insured Institutions.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0028]
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                                 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)
----------------------------------------------------------------------------------------------------------------
1. Maintain Securities Trading  Recordkeeping                632               1            1:00             632
 Policies and Procedures, 12     (On Occasion).
 CFR 344.8 (Mandatory).
2. Officer/Employee Filing of   Third Party                1,896               4            1:00           7,584
 Reports of Personal             Disclosure (On
 Securities Trading, 12 CFR      Occasion).
 344.9 (Mandatory).
                               ---------------------------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............           8,216
     (Hours):.
----------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: The collection of information 
requirements is contained in 12 CFR part 344. The purpose of the 
regulation is to ensure that purchasers of securities in transactions 
affected by insured state nonmember banks are provided with adequate 
records concerning the transactions. The regulation is also designed to 
ensure that insured State nonmember banks maintain adequate records and 
controls with respect to the securities transactions they effect. 
Finally, this regulation requires officers and employees of FDIC-
supervised institutions to report to the FDIC-supervised institution 
certain personal securities trading activity. There is no change in the 
methodology or substance of this information collection. The decrease 
in total estimated annual burden from 8,583 hours in 2021 to 8,216 
hours currently is due to a decrease in estimated number of 
respondents.
    2. Title: Notice of Branch Closure.
    OMB Number: 3064-0109.
    Form Number: None.
    Affected Public: FDIC-insured depository institutions.
    Burden Estimate:

[[Page 67636]]



                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0109]
----------------------------------------------------------------------------------------------------------------
                                 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)
----------------------------------------------------------------------------------------------------------------
1. Notice of Branch Closure to  Reporting (On                276            2.99           00:30             413
 FDIC, 12 U.S.C. 1831r-(a)       Occasion).
 (Mandatory).
2. Notice of Branch Closure to  Disclosure (On               276            2.99            1:30           1,238
 Customers, 12 U.S.C. 1831r-     Occasion).
 (b) (Mandatory).
3. Adoption of Branch Closure   Recordkeeping                 18               1           08:00             144
 Policy, 12 U.S.C. 1831r-1       (Annual).
 (Mandatory).
                               ---------------------------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............           1,795
     (Hours):.
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Source: FDIC.

    General Description of Collection: Section 42 of the Federal 
Deposit Insurance Act mandates that an insured depository institution 
closing a branch notify its primary federal regulator not later than 90 
days prior to the closing. The statute also provides that a notice be 
posted on the premises of the branch for the 30-day period immediately 
prior to the closing and that the customers be notified in a mailing at 
least 90 days prior to the closing. Each insured depository institution 
that has one or more branches is required to adopt a written policy for 
branch closings. There is no change in the methodology or substance of 
this information collection. The increase in total estimated annual 
burden from 1,738 hours in 2021 to 1,795 hours currently is due to an 
increase in estimated number or respondents.
    3. Title: Notice of Branch Closure.
    OMB Number: 3064-0124.
    Form Number: None.
    Affected Public: Insured depository institutions.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0124]
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                                 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)
----------------------------------------------------------------------------------------------------------------
Certification of Assumption of  Reporting (On                162               1            1:00             162
 Deposit Liabilities 12 CFR      occasion).
 307.2 (Mandatory).
Notice to Depositors 12 CFR     Disclosure (On                12               1            2:00              24
 307.3 (Mandatory).              occasion).
                               ---------------------------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............             186
     (Hours):.
----------------------------------------------------------------------------------------------------------------
Source: FDIC.

    General Description of Collection: This information collection 
consists of two parts: (1) a certification that insured depository 
institutions provide the FDIC when all deposit liabilities from one 
insured depository institution are assumed from another insured 
depository institution, with the latter institution responsible for 
providing the certification; and (2) a notification that an insured 
depository institution provides to its depositors when it seeks to 
voluntarily terminate its insured status. The certification is 
necessary to implement the provisions of section 8(q) of the Federal 
Deposit Insurance Act, 12 U.S.C. 1818(q), regarding termination of the 
insured status of the transferring institution and termination of the 
separate deposit insurance coverage provided on deposit accounts 
assumed by the assuming institution. The depositor notification is 
required by section 8(a)(6) of the Federal Deposit Insurance Act, 12 
U.S.C. 1818(a)(6). This provision ensures that the institution's 
depositors receive appropriate information regarding the institution's 
intent to terminate its insured status and that, prior to the 
termination of the institution's insured status, depositors receive 
appropriate information concerning federal deposit insurance coverage 
of their accounts once the institution's insured status is terminated. 
There is no change in the methodology or substance of this information 
collection. The decrease in total estimated annual burden from 256 in 
2021 to 186 currently is due to a change in the estimated number or 
respondents.
    4. Title: Extension without change of a currently approved 
collection.
    OMB Number: 3064-0134.
    Form Number: 6422/04; 6422/11; 6422/15.
    Affected Public: Individuals, Households, Business or Financial 
Institutions.
    Burden Estimate:

                                       Summary of Estimated Annual Burden
                                               [OMB No. 3064-0134]
----------------------------------------------------------------------------------------------------------------
                                 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)
----------------------------------------------------------------------------------------------------------------
1. Customer Assistance Form     Reporting (On              8,566               1           00:15           2,142
 (6422/04) (Voluntary).          Occasion).
2. Business Assistance Form     Reporting (On              1,191               1           00:15             298
 (6422/11) (Voluntary).          Occasion).
3. FDIC Deposit Insurance Form  Reporting (On              1,465               1           00:15             366
 (6422/15) (Voluntary).          Occasion).
                               ---------------------------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............           2,806
     (Hours):.
----------------------------------------------------------------------------------------------------------------
Source: FDIC.


[[Page 67637]]

    General Description of Collection: This collection facilitates the 
collection of information from customers of financial institutions that 
have inquiries or complaints about service. Customers or businesses may 
document their complaints or inquiries to the FDIC using a letter or 
optional forms (Form 6422/04; Form 6422/11; Form 6422/15). The forms 
are used to facilitate online completion and submission of the 
complaints or inquiries and to shorten FDIC response times by making it 
easier to identify the nature of the complaint and to route the 
customer or business inquiry to the appropriate FDIC contact. There is 
no change in the methodology or substance of this information 
collection. The increase in total estimated annual burden from 1,468 in 
2021 to 2,806 currently is due to an increase in the estimated number 
or respondents.

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 August 15, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-18711 Filed 8-20-24; 8:45 am]
BILLING CODE 6714-01-P