81 FR 74802 - Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0018 & -0137)

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 81, Issue 208 (October 27, 2016)

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 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comment on renewal of the information collections described below.

[Federal Register Volume 81, Number 208 (Thursday, October 27, 2016)]
[Notices]
[Pages 74802-74803]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-25953]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewals; Comment Request (3064-0018 & -0137)

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 (44 U.S.C. chapter 35). Currently, the FDIC is soliciting comment 
on renewal of the information collections described below.

DATES: Comments must be submitted on or before December 27, 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/notices.html.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Jennifer Jones (202-898-6768), 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 Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Jennifer Jones, at the FDIC address 
above.

SUPPLEMENTARY INFORMATION: 
    Proposal to renew the following currently approved collections of 
information:
    1. Title: Application Pursuant to Section 19 of the Federal Deposit 
Insurance Act.
    OMB Number: 3064-0018.
    Form Number: FDIC 6710/07.
    Affected Public: Insured Depository Institutions.

                                                 Burden Estimate
----------------------------------------------------------------------------------------------------------------
                                         Estimated                                                 Total annual
                                         number of      Estimated time   Frequency of response      estimated
                                        respondents      per response                                 burden
----------------------------------------------------------------------------------------------------------------
Application Pursuant to Section 19                75               16   On Occasion............           1,200
 of the Federal Deposit Insurance
 Act.
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    General Description of Collection: Section 19 of the Federal 
Deposit Insurance Act (FDI), 12 U.S.C. 1829, requires the FDIC's 
consent prior to any participation in the affairs of an insured 
depository institution by a person who has been convicted of crimes 
involving dishonesty or breach of trust, and included drug-related 
convictions. To obtain that consent, an insured depository institution 
must submit an application to the FDIC for approval on Form FDIC 6710/
07.
    2. Title: Interagency Guidance on Asset Securitization Activities.
    OMB Number: 3064-0137.
    Affected Public: Insured State Nonmember Banks and Savings 
Associations.

[[Page 74803]]



                                                 Burden Estimate
----------------------------------------------------------------------------------------------------------------
                                         Estimated                                                 Total annual
                                         number of      Estimated time   Frequency of response      estimated
                                        respondents      per response                                 burden
----------------------------------------------------------------------------------------------------------------
Asset Securitization................              22             7.13   On Occasion............             157
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    General Description of Collection: The Interagency Guidance on 
Asset Securitization Activities informs bankers and examiners of safe 
and sound practices regarding asset securitization. The information 
collections contained in the Interagency Guidance are needed by 
institutions to manage their asset securitization activities in a safe 
and sound manner. Bank management uses this information as the basis 
for the safe and sound operation of their asset securitization 
activities and to ensure that they minimize operational risk in these 
activities.

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.

    Dated at Washington, DC, this 21th day of October 2016.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2016-25953 Filed 10-26-16; 8:45 am]
 BILLING CODE 6714-01-P