[Federal Register Volume 90, Number 56 (Tuesday, March 25, 2025)]
[Notices]
[Pages 13600-13602]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-04994]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0095; -0218]
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.
3064-0095 and -0218).
DATES: Comments must be submitted on or before May 27, 2025.
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 a.m. and 5 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: Procedures for Monitoring Bank Protection Act Compliance.
OMB Number: 3064-0095.
Form Number: None.
Affected Public: Insured State nonmember banks.
Burden Estimate:
[[Page 13601]]
Summary of Estimated Annual Burden
[OMB No. 3064-0095]
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Type of burden Number of Average time
Information Collection (IC) (frequency of Number of responses per per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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1. Bank Protection Act Recordkeeping 9 1 16:00 144
Compliance Program-- (Annual).
Implementation, 12 CFR Part
326 Subpart A (Mandatory).
2. Bank Protection Act Recordkeeping 2882 1 6:00 17,292
Compliance Program--Ongoing, (Annual).
12 CFR Part 326 Subpart A
(Mandatory).
3. Procedures for monitoring Recordkeeping 9 1 32:00 288
Bank Secrecy Act compliance-- (Annual).
Implementation, 12 CFR
326.8(b)(1) & (c) (Mandatory).
4. Procedures for monitoring Recordkeeping 2882 1 8:00 23,056
Bank Secrecy Act compliance-- (Annual).
Ongoing, 12 CFR 326.8(b)(1) &
(c) (Mandatory).
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Total Annual Burden ................ .............. .............. .............. 40,780
(Hours).
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Source: FDIC.
General Description of Collection: The collection implements
recordkeeping requirements associated with the Bank Protection Act. The
Bank Protection Act of 1968 (12 U.S.C. 1881-1884) requires each Federal
supervisory agency to promulgate rules establishing minimum standards
for security devices and procedures to discourage financial crime and
to assist in the identification of persons who commit such crimes. To
avoid the necessity of constantly updating a technology-based
regulation, the FDIC takes a flexible approach to implementing this
statute. It requires each insured nonmember bank to designate a
security officer who will administer a written security program. The
security program must (1) establish procedures for opening and closing
for business and for safekeeping valuables; (2) establish procedures
that will assist in identifying persons committing crimes against the
bank; (3) provide for initial and periodic training of employees in
their responsibilities under the security program; and (4) provide for
selecting, testing, operating and maintaining security devices as
prescribed in the regulation. In addition, the FDIC requires the
security officer to report at least annually to the bank's board of
directors on the effectiveness of the security program. There is no
change in the method or substance of the collection. The 9,670-hour
decrease in burden is the result of the elimination of acquiring
institutions as respondents, revisions to estimates of the time per
response, as well as a decline in the number of FDIC-supervised
institutions.
2. Title: Ombudsman Post-Examination Surveys.
OMB Number: 3064-0218.
Form Number: 6600/58; 6600/59.
Affected Public: FDIC-supervised insured depository institutions.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0218]
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Type of burden Number of Average time
Information Collection (IC) (frequency of Number of responses per per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
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1.Safety and Soundness Post- Reporting 492 1 00:45 369
Examination Survey (Annual).
(Voluntary).
2. Consumer Compliance Post- Reporting 329 1 00:45 247
Examination Survey (Annual).
(Voluntary).
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Total Annual Burden ................ .............. .............. .............. 616
(Hours).
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Source: FDIC.
General Description of Collection: The purpose of the surveys is to
gauge bankers' views on the effectiveness and quality of FDIC Safety
and Soundness and Consumer Compliance examinations, as well as to
identify ways to improve the examination process. Respondents are asked
to voluntarily rate the efficiency of the preexamination process;
examiners' professionalism and understanding of the laws and
regulations; the examination process; and examination report quality.
Respondents will also be allowed to provide feedback on any areas for
improvement and will be given an option to have someone from the FDIC
Office of the Ombudsman contact the institution confidentially about
its recent examination or any other matters. There is no change in the
method or substance of the collection. The 251-hour decrease in burden
is the result of the reduction in the estimated annual number of
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
[[Page 13602]]
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, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-04994 Filed 3-24-25; 8:45 am]
BILLING CODE 6714-01-P