84 FR 33262 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0174; and -0191)

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 (3064-0174; and - 0191).

[Federal Register Volume 84, Number 134 (Friday, July 12, 2019)]
[Notices]
[Pages 33262-33263]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2019-14802]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request (OMB No. 3064-0174; and -0191)

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 (3064-0174; and -
0191).

DATES: Comments must be submitted on or before September 10, 2019.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     https://www.FDIC.gov/regulations/laws/federal.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza (202-898-3767), 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 Building (located on F Street), 
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, 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: Funding and Liquidity Risk Management.
    OMB Number: 3064-0174.
    Form Number: None.
    Affected Public: Businesses or other for-profits.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                Total
                                                                                 Estimated    Estimated    Estimated                          estimated
   Information collection (IC)         Type of burden         Obligation to      number of    number of     time per       Frequency of         annual
           description                                           respond        respondents   responses     response         response           burden
                                                                                                            (hours)                            (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Par. 14--Strategies, Policies,     Recordkeeping........  Voluntary...........        3,483            1        96.42  On Occasion.........   335,830.86
 Procedures and Risk Tolerances.
Par. 20--Liquidity Risk            Reporting............  Voluntary...........        3,483           12            4  On Occasion.........      167,184
 Management, Measurement,
 Monitoring and Reporting.
rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
    Total Estimated Annual Burden  .....................  ....................  ...........  ...........  ...........  ....................   503,014.86
     Hours.                                                                                                                                        hours
--------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 33263]]

    General Description of Collection: The information collection 
includes reporting and recordkeeping burdens related to sound risk 
management principles applicable to insured depository institutions. To 
enable an institution and its supervisor to evaluate the liquidity risk 
exposure of an institution's individual business lines and for the 
institution as a whole, the Interagency Policy Statement on Funding and 
Liquidity Risk Management (Interagency Statement) summarizes principles 
of sound liquidity risk management and advocates the establishment of 
policies and procedures that consider liquidity costs, benefits, and 
risks in strategic planning. In addition, the Interagency Statement 
encourages the use of liquidity risk reports that provide detailed and 
aggregate information on items such as cash flow gaps, cash flow 
projections, assumptions used in cash flow projections, asset and 
funding concentrations, funding availability, and early warning or risk 
indicators. This is intended to enable management to assess an 
institution's sensitivity to changes in market conditions, the 
institution's financial performance, and other important risk factors.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is the result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response and frequency of responses have remained 
the same.
    2. Title: Interagency Guidance on Leveraged Lending.
    OMB Number: 3064-0191.
    Form Number: None.
    Affected Public: Insured state nonmember banks and savings 
associations.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                Total
                                                                                 Estimated    Estimated    Estimated                          estimated
   Information collection (IC)         Type of burden         Obligation to      number of    number of     time per       Frequency of         annual
           description                                           respond        respondents   responses     response         response           burden
                                                                                                            (hours)                            (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Interagency Guidance on Leveraged  Recordkeeping........  Voluntary...........            1            1       986.70  On Occasion.........       986.70
 Lending--Implementation.
Interagency Guidance on Leveraged  Recordkeeping........  Voluntary...........            5            1        529.3  On Occasion.........     2,646.50
 Lending--Ongoing.
                                                                               ---------------------------------------                      ------------
    Total Estimated Annual Burden  .....................  ....................  ...........  ...........  ...........  ....................     3,633.20
     Hours.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection:
    The Interagency Guidance on Leveraged Lending (Guidance) outlines 
for agency-supervised institutions high-level principles related to 
safe-and-sound leveraged lending activities, including underwriting 
considerations, assessing and documenting enterprise value, risk 
management expectations for credits awaiting distribution, stress-
testing expectations, pipeline portfolio management, and risk 
management expectations for exposures held by the institution. This 
Guidance provides information to all financial institutions supervised 
by the Office of the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System and the FDIC (the Agencies) 
that engage in leveraged lending activities. The number of community 
banks with substantial involvement in leveraged lending is small; 
therefore, the Agencies generally expect community banks to be largely 
unaffected by this information collection.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is the result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response and frequency of responses have remained 
the same.

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.

    Dated at Washington, DC, on July 8, 2019.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019-14802 Filed 7-11-19; 8:45 am]
 BILLING CODE 6714-01-P