80 FR 17043 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (3064-0109, 0162 & 0165)

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 80, Issue 61 (March 31, 2015)

The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of existing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the FDIC is soliciting comment on renewal of the information collections described below.

[Federal Register Volume 80, Number 61 (Tuesday, March 31, 2015)]
[Notices]
[Pages 17043-17044]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-07229]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request (3064-0109, 0162 & 0165)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on the renewal of existing 
information collections, as required by the Paperwork Reduction Act of 
1995. Currently, the FDIC is soliciting comment on renewal of the 
information collections described below.

DATES: Comments must be submitted on or before April 30, 2015.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federal/.
     Email: [email protected] Include the name of the 
collection in the subject line of the message.
     Mail: Gary A. Kuiper, Counsel, (202.898.3877), or John 
Popeo, Counsel, (202.898.6923), MB-3007, 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 
7:00 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: Gary Kuiper or John Popeo, at the FDIC 
address above.

SUPPLEMENTARY INFORMATION:

Proposal To Renew the Following Currently-Approved Collections of 
Information

    1. Title: Notice of Branch Closure
    OMB Number: 3064-0109.
    Frequency of Response: On occasion.
    Affected Public: State nonmember banks and state savings 
associations.
    Estimated Number of Respondents: 509.
    Estimated Time per Response: 2.6 hours.

[[Page 17044]]

    Total Annual Burden: 1319 hours.
    General Description of Collection: Section 42 of the Federal 
Deposit Insurance Act mandates that an institution proposing to close a 
branch give its primary regulator no less than 90 days written notice. 
Notices of closure are submitted on occasion as needed. Also, each 
insured depository institution must adopt branch closing policies. The 
adoption of policies is a one-time activity, repeated only if the 
institution finds need to revise its policy.
    2. Title: Large-Bank Deposit Insurance Programs
    OMB Number: 3064-0162.
    Frequency of Response: On occasion.
    Affected Public: Insured depository institutions having at least $2 
billion in domestic deposits and either at least: (i) 250,000 deposit 
accounts; or (ii) $20 million in total assets.
    Estimated Number of Respondents: 159.
    Estimated Time per Response: 157--255.5 hours.
    Total Annual Burden: 25,000--40,624.5 hours.
    General Description of Collection: Insured depository institutions 
having at least $2 billion in domestic deposits and either: (1) More 
than 250,000 deposit accounts; or (2) total assets over $20 billion, 
regardless of the number of deposit accounts are required to adopt 
mechanisms that, in the event of the institution's failure: (1) Provide 
the FDIC with standard deposit account and customer information; and 
(2) allow the FDIC to place and release holds on liability accounts, 
including deposits.
    3. Title: Basel II Interagency Supervisory Guidance for the 
Supervisory Review Process (Pillar 2).
    OMB Number: 3064-0165.
    Frequency of Response: Event-generated.
    Affected Public: Insured state nonmember banks and certain 
subsidiaries of these entities.
    Estimated Number of Respondents: 19.
    Estimated Time per Response: 420 hours.
    Total Annual Burden: 7,980 hours.
    General Description of Collection: The agencies issued a 
supervisory guidance document for implementing the supervisory review 
process (Pillar 2). The guidance was issued on July 31, 2008 (73 FR 
44620). Sections 37, 41, 43, and 46 of the guidance impose information 
collection requirements. Section 37 states that banks should state 
clearly the definition of capital used in any aspect of its internal 
capital adequacy assessment process (ICAAP) and document any changes in 
the internal definition of capital. Section 41 requires banks to 
maintain thorough documentation of ICAAP. Section 43 specifies that 
boards of directors must approve the bank's ICAAP, review it on a 
regular basis, and approve any changes. Boards of directors also are 
required under section 46 to periodically review the assessment of 
overall capital adequacy and to analyze how measures of internal 
capital adequacy compare with other capital measures (such as 
regulatory or accounting).

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 information 
collection 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, this 25th day of March 2015.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-07229 Filed 3-30-15; 8:45 am]
BILLING CODE 6714-01-P