80 FR 77341 - Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0046, 3064-0113, & 3064-0178)
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 80, Issue 239 (December 14, 2015)
Federal Register Volume 80, Issue 239 (December 14, 2015)
| Page Range | 77341-77343 | |
| FR Document | 2015-31389 |
[Federal Register Volume 80, Number 239 (Monday, December 14, 2015)] [Notices] [Pages 77341-77343] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-31389] ======================================================================= ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0046, 3064-0113, & 3064-0178) AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. ----------------------------------------------------------------------- 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 the renewal of the information collections described below. DATES: Comments must be submitted on or before February 12, 2016. 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: comments@fdic.gov. Include the name and number of the collection in the subject line of the message. Mail: Gary A. Kuiper (202-898-3877), Counsel, MB-3016 or Manuel E. Cabeza (202-898-3767), Counsel MB-3105, 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 [[Page 77342]] Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper or Manuel E. Cabeza, at the FDIC address above. SUPPLEMENTARY INFORMATION: Proposal to renew the following currently- approved collections of information: 1. Title: Home Mortgage Disclosure Act. OMB Number: 3064-0046. Affected Public: Insured state nonmember banks. Frequency of Response: On occasion. Estimated Number of Respondents: 2,575. Estimated Number of Responses: 1,091,614. Estimated Time per Response: 5 minutes. Total Annual Burden: 90,967 hours. General Description: To permit the FDIC to detect discrimination in residential mortgage lending, certain insured state nonmember banks are required by FDIC Regulation 12 CFR 338 to maintain various data on home loan applicants. 2. Title: External Audits. OMB Number: 3064-0113. Form Numbers: None. Frequency of Response: Annually. Affected Public: All insured financial institutions with total assets of $500 million or more and other insured financial institutions with total assets of less than $500 million that voluntarily choose to comply. General Description: FDIC's regulations at 12 CFR 363 establish annual independent audit and reporting requirements for financial institutions with total assets of $500 million or more. The requirements include the submission of an annual report on their financial statements, recordkeeping about management deliberations regarding external auditing and reports about changes in auditors. The information collected is used to facilitate early identification of problems in financial management at financial institutions. Explanation of burden estimates: The estimates of annual burden are based on the estimated burden hours for FDIC-supervised institutions within each asset classification ($1 billion or more, $500 million or more but less than $1 billion, and less than $500 million) to comply with the requirements of Part 363 regarding the annual report, audit committee, other reports, and the notice of change in accountants. The number of respondents reflects the number of FDIC-supervised institutions in each asset classification. The number of annual responses reflects the estimated number of submissions for each asset classification. The annual burden hours reflects the estimated number of hours for FDIC-supervised institutions within each asset classification to comply with the requirements of Part 363. a. FDIC-Supervised Institutions with Assets of $1 Billion or More. Number of Respondents: 351. Annual Responses: 1,141. Estimated Time per Response: 69.84 hours. Annual Burden Hours: 79,688 hours. b. FDIC-Supervised Institutions with Assets of $500 Million or More but Less than $1 Billion. Number of Respondents: 401. Annual Responses: 1,303. Estimated Time per Response: 8.42 hours. Annual Burden Hours: 10,977 hours. c. FDIC-Supervised Institutions with Assets Less than $500 Million. Number of Respondents: 3,291. Annual Responses: 9,873. Estimated Time per Response: 15 minutes. Annual Burden Hours: 2,468 hours. Total Number of Respondents: 4,043. Total Annual Responses: 12,317. Total Annual Burden Hours: 84,026 hours. 3. Title: Market Risk Capital Requirements. OMB Number: 3064-0178. Form Numbers: None. Frequency of Response: Occasionally. Affected Public: Insured state nonmember banks and state savings associations. Estimated Number of Respondents: 1. Estimated Number of Responses: 1. Total Annual Burden: 1,964 hours. General Description: The FDIC's market risk capital rules (12 CFR part 324, subpart F) enhance risk sensitivity, increase transparency through enhanced disclosures and include requirements for the public disclosure of certain qualitative and quantitative information about the market risk of state nonmember banks and state savings associations (FDIC-supervised institutions). The market risk rule applies only if a bank holding company or bank has aggregated trading assets and trading liabilities equal to 10 percent or more of quarter-end total assets or $1 billion or more. Currently, only one FDIC-regulated entity meets the criteria. The information collection requirements are located at 12 CFR 324.203 through 324.212. The collection of information is necessary to ensure capital adequacy appropriate for the level of market risk. Section 324.203(a)(1) requires FDIC-supervised institutions to have clearly defined policies and procedures for determining which trading assets and trading liabilities are trading positions and specifies the factors a FDIC-supervised institutions must take into account in drafting those policies and procedures. Section 324.203(a)(2) requires FDIC-supervised institutions to have clearly defined trading and hedging strategies for trading positions that are approved by senior management and specifies what the strategies must articulate. Section 324.203(b)(1) requires FDIC-supervised institutions to have clearly defined policies and procedures for actively managing all covered positions and specifies the minimum requirements for those policies and procedures. Sections 324.203(c)(4) through 324.203(c)(10) require the annual review of internal models and specify certain requirements for those models. Section 324.203(d) requires the internal audit group of a FDIC-supervised institution to prepare an annual report to the board of directors on the effectiveness of controls supporting the market risk measurement systems. Section 324.204(b) requires FDIC-supervised institutions to conduct quarterly backtesting. Section 324.205(a)(5) requires institutions to demonstrate to the FDIC the appropriateness of proxies used to capture risks within value-at-risk models. Section 324.205(c) requires institutions to develop, retain, and make available to the FDIC value- at-risk and profit and loss information on sub-portfolios for two years. Section 324.206(b)(3) requires FDIC-supervised institutions to have policies and procedures that describe how they determine the period of significant financial stress used to calculate the institution's stressed value-at-risk models and to obtain prior FDIC approval for any material changes to these policies and procedures. Section 324.207(b)(1) details requirements applicable to a FDIC- supervised institution when the FDIC-supervised institution uses internal models to measure the specific risk of certain covered positions. Section 324.208 requires FDIC-supervised institutions to obtain prior written FDIC approval for incremental risk modeling. Section 324.209(a) requires prior FDIC approval for the use of a comprehensive risk measure. Section 324.209(c)(2) requires FDIC- supervised institutions to retain and report the results of supervisory stress testing. Section 324.210(f)(2)(i) requires FDIC-supervised institutions to document an internal analysis of the risk characteristics of each securitization position in order to demonstrate an [[Page 77343]] understanding of the position. Section 324.212 requires quarterly quantitative disclosures, annual qualitative disclosures, and a formal disclosure policy approved by the board of directors that addresses the approach for determining the market risk disclosures it makes. 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 collections of information, 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. Dated at Washington, DC, this 9th day of December 2015. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015-31389 Filed 12-11-15; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices 77341
Type of Review: Revision of a which broadcast television licensees the FCC Form 175 for all upcoming,
currently approved collection. will submit bids to voluntarily non-reverse spectrum auctions,
Respondents: Business or other for- relinquish their spectrum usage rights in including those required or authorized
profit entities, not-for-profit institutions, exchange for defined shares of proceeds to be conducted pursuant to the
and state, local or tribal governments. from the forward auction; (2) a Spectrum Act, collecting only the
Estimated Number of Respondents repacking of the broadcast television information necessary for each
and Responses: 500 respondents and bands; and (3) a forward auction of particular auction.
500 responses. initial licenses for flexible use of the Federal Communications Commission.
Estimated Time per Response: 90 newly available spectrum.
minutes. Gloria J. Miles,
The Commission is revising the
Frequency of Response: On occasion currently approved information Federal Register Liaison Officer, Office of the
reporting requirement. Secretary.
collection on FCC Form 175 to
Obligation to Respond: Required to implement new collection requirements [FR Doc. 2015–31318 Filed 12–11–15; 8:45 am]
obtain or retain benefits. Statutory that are the result of (1) various BILLING CODE 6712–01–P
authority for the currently approved Commission actions in which the
information collection is contained in Commission adopted general rules and
sections 154(i) and 309(j)(5) of the procedures to govern the BIA, including
Communications Act, as amended, 47 FEDERAL DEPOSIT INSURANCE
rules applicable to applicants seeking to
U.S.C.s 4(i), 309(j)(5), and sections CORPORATION
participate in the forward auction
1.2105, 1.2110, 1.2112 of the component of the BIA and, (2) the Agency Information Collection
Commission’s rules, 47 CFR 1.2105, Commission’s adoption of new and Activities: Proposed Collection
1.2110, 1.2112. Statutory authority for modified competitive bidding rules and Renewals; Comment Request (3064–
the revised information collection is requirements in the Updating Part 1 0046, 3064–0113, & 3064–0178)
contained in sections 154(i) and Report and Order, which will apply to
309(j)(5) of the Communications Act of applicants seeking to participate in a AGENCY: Federal Deposit Insurance
1934, as amended, 47 U.S.C. 4(i), Commission auction, including the Corporation (FDIC).
309(j)(5), and sections 1.2105, 1.2110, forward auction component of the BIA. ACTION: Notice and request for comment.
1.2112 of the Commission’s rules, as The Commission’s auction rules and
amended, 47 CFR 1.2105, 1.2110, related requirements are designed to SUMMARY: The FDIC, as part of its
1.2112. ensure that the competitive bidding continuing effort to reduce paperwork
Estimated Total Annual Burden: 750 process is limited to serious qualified and respondent burden, invites the
hours. applicants, deter possible abuse of the general public and other Federal
Total Annual Costs: None. bidding and licensing process, and agencies to take this opportunity to
Nature and Extent of Confidentiality: enhance the use of competitive bidding comment on the renewal of existing
Information collected on FCC Form 175 to assign Commission licenses in information collections, as required by
is made available for public inspection, furtherance of the public interest. The the Paperwork Reduction Act of 1995.
and the Commission is not requesting information collected on FCC Form 175 Currently, the FDIC is soliciting
that respondents submit confidential is used by the Commission to determine comment on the renewal of the
information on FCC Form 175. if an applicant is legally, technically, information collections described
Respondents seeking to have and financially qualified to participate below.
information collected on FCC Form 175 in a Commission auction. Additionally,
withheld from public inspection may if an applicant applies for status as a DATES: Comments must be submitted on
request confidential treatment of such particular type of auction participant or before February 12, 2016.
information pursuant to section 0.459 of pursuant to Commission rules, the ADDRESSES: Interested parties are
the Commission’s rules, 47 CFR 0.459. Commission uses information collected invited to submit written comments to
Privacy Act Impact Assessment: No on FCC Form 175 to determine whether the FDIC by any of the following
impact(s). the applicant is eligible for the status methods:
Needs and Uses: The Commission is requested. Commission staff reviews the • http://www.FDIC.gov/regulations/
submitting this revised information information collected on FCC Form 175 laws/federal/.
collection to OMB under its emergency for a particular auction as part of the • Email: comments@fdic.gov. Include
processing procedures. The Commission pre-auction process, prior to the auction the name and number of the collection
is seeking emergency OMB approval no being held. Staff determines whether in the subject line of the message.
later than 26 days after the collection is each applicant satisfies the • Mail: Gary A. Kuiper (202–898–
received at OMB. On February 22, 2012, Commission’s requirements to 3877), Counsel, MB–3016 or Manuel E.
the President signed the Spectrum Act, participate in the auction and, if Cabeza (202–898–3767), Counsel MB–
which, among other things, authorized applicable, is eligible for the status as a 3105, Federal Deposit Insurance
the Commission to conduct incentive particular type of auction participant it Corporation, 550 17th Street NW.,
auctions, and directed that the requested. Without the information Washington, DC 20429.
Commission use this innovative tool for collected on FCC Form 175, the • Hand Delivery: Comments may be
an incentive auction of broadcast Commission will not be able to hand-delivered to the guard station at
television spectrum to help meet the determine if an applicant is legally, the rear of the 17th Street Building
mstockstill on DSK4VPTVN1PROD with NOTICES
Nation’s growing spectrum needs. See technically, and financially qualified to (located on F Street), on business days
Middle Class Tax Relief and Job participate in a Commission auction, between 7:00 a.m. and 5:00 p.m.
Creation Act of 2012, Public Law 112– including the forward auction All comments should refer to the
96, sections 6402, 6403, 125 Stat. 156 component of the BIA, and has relevant OMB control number. A copy
(2012) (Spectrum Act). The complied with the various applicable of the comments may also be submitted
Commission’s broadcast incentive regulatory and statutory auction to the OMB desk officer for the FDIC:
auction (BIA) will have three main requirements for such participation. The Office of Information and Regulatory
components: (1) A reverse auction in Commission plans to continue to use Affairs, Office of Management and
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![Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices 77343
understanding of the position. Section Requiring the Registration of Securities Receiver will be making a final dividend
324.212 requires quarterly quantitative Transfer Agents. payment to proven creditors.
disclosures, annual qualitative Memorandum and resolution re: Based upon the foregoing, the
disclosures, and a formal disclosure Fourth Joint Federal Register Notice Receiver has determined that the
policy approved by the board of Addressing FDIC Regulations in continued existence of the receivership
directors that addresses the approach for Accordance with the Economic Growth will serve no useful purpose.
determining the market risk disclosures and Regulatory Paperwork Reduction Consequently, notice is given that the
it makes. Act (‘‘EGRPRA’’). receivership shall be terminated, to be
Summary reports, status reports, effective no sooner than thirty days after
Request for Comment reports of the Office of Inspector the date of this Notice. If any person
Comments are invited on: (a) Whether General, and reports of actions taken wishes to comment concerning the
the collections of information are pursuant to authority delegated by the termination of the receivership, such
necessary for the proper performance of Board of Directors. comment must be made in writing and
the FDIC’s functions, including whether Discussion Agenda: Memorandum sent within thirty days of the date of
the information has practical utility; (b) and resolution re: Proposed 2016 FDIC this Notice to: Federal Deposit
the accuracy of the estimates of the Operating Budget. Insurance Corporation, Division of
burden of the collections of information, The meeting will be held in the Board Resolutions and Receiverships,
including the validity of the Room located on the sixth floor of the Attention: Receivership Oversight
methodology and assumptions used; (c) FDIC Building located at 550 17th Street Department 32.1, 1601 Bryan Street,
ways to enhance the quality, utility, and NW., Washington, DC. Dallas, TX 75201.
clarity of the information to be This Board meeting will be Webcast No comments concerning the
collected; and (d) ways to minimize the live via the Internet and subsequently termination of this receivership will be
burden of the collections of information made available on-demand considered which are not sent within
on respondents, including through the approximately one week after the event. this time frame.
use of automated collection techniques Visit https://fdic.primetime.
Dated: December 9, 2015.
or other forms of information mediaplatform.com/#!/channel/123200
3497484/Board+Meetings to view the Federal Deposit Insurance Corporation.
technology. All comments will become Robert E. Feldman,
a matter of public record. event. If you need any technical
assistance, please visit our Video Help Executive Secretary.
Dated at Washington, DC, this 9th day of page at: http://www.fdic.gov/video.html. [FR Doc. 2015–31390 Filed 12–11–15; 8:45 am]
December 2015. The FDIC will provide attendees with BILLING CODE 6714–01–P
Federal Deposit Insurance Corporation. auxiliary aids (e.g., sign language
Robert E. Feldman, interpretation) required for this meeting.
Executive Secretary. Those attendees needing such assistance FEDERAL ELECTION COMMISSION
[FR Doc. 2015–31389 Filed 12–11–15; 8:45 am] should call 703–562–2404 (Voice) or
BILLING CODE 6714–01–P 703–649–4354 (Video Phone) to make Sunshine Act Meetings
necessary arrangements.
Requests for further information AGENCY: Federal Election Commission
FEDERAL DEPOSIT INSURANCE concerning the meeting may be directed DATE AND TIME: Thursday, December 17,
CORPORATION to Mr. Robert E. Feldman, Executive 2015 at 10:00 a.m.
Secretary of the Corporation, at 202– PLACE: 999 E Street NW., Washington,
Sunshine Act Meeting 898–7043. DC (ninth floor)
Dated: December 9, 2015. STATUS: This meeting will be open to the
Pursuant to the provisions of the
Federal Deposit Insurance Corporation. public.
‘‘Government in the Sunshine Act’’ (5
Robert E. Feldman, ITEMS TO BE DISCUSSED:
U.S.C. 552b), notice is hereby given that
the Federal Deposit Insurance Executive Secretary. Correction and Approval of Minutes for
Corporation’s Board of Directors will [FR Doc. 2015–31481 Filed 12–10–15; 11:15 am] October 29, 2015
meet in open session at 10:00 a.m. on Remarks by Chair Ravel
BILLING CODE 6714–01–P
Tuesday, December 15, 2015, to Draft Advisory Opinion 2015–13:
consider the following matters: Senator Harry Reid
FEDERAL DEPOSIT INSURANCE Draft Advisory Opinion 2015–14:
Summary Agenda: No substantive
CORPORATION Hillary for America
discussion of the following items is Rulemaking Petition: Independent
anticipated. These matters will be Spending by Corporations, Labor
resolved with a single vote unless a Notice to All Interested Parties of the
Termination of the Receivership of Organizations, Foreign Nationals, and
member of the Board of Directors Certain Political Committees (Citizens
requests that an item be moved to the 10326, Legacy Bank, Scottsdale,
Arizona United)
discussion agenda. Rulemaking Priorities and Proposals:
Disposition of minutes of previous Notice is hereby given that the Federal Regulatory Relief for Political Parties;
Board of Directors’ Meetings. Deposit Insurance Corporation (‘‘FDIC’’) REG 2014–10 Outline of Draft NPRM
Memorandum and resolution: Review as Receiver for Legacy Bank, Scottsdale, Implementing Party Segregated
of Regulations Transferred from the
mstockstill on DSK4VPTVN1PROD with NOTICES
Arizona (‘‘the Receiver’’) intends to Accounts; REG 2013–01 Draft Notice
Former Office of Thrift Supervision: terminate its receivership for said of Proposed Rulemaking on Technical
Part 390, Subpart V—Management institution. The FDIC was appointed Modernization; Coordination
Official Interlocks. receiver of Legacy Bank on January 7, Rulemaking Proposal
Memorandum and resolution re: 2010. The liquidation of the Commission Documents/Public
Notice of Proposed Rulemaking receivership assets has been completed. Disclosure Policies
Regarding Proposed Revisions to Part To the extent permitted by available Notice of Proposed Rulemaking on
341 of the FDIC’s Rules and Regulations funds and in accordance with law, the Reporting Multistate Independent
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Document Created: 2015-12-14 13:47:08
Document Modified: 2015-12-14 13:47:08
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for comment. | |
| Dates | Comments must be submitted on or before February 12, 2016. | |
| Contact | Gary A. Kuiper or Manuel E. Cabeza, at | |
| FR Citation | 80 FR 77341 |
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