81 FR 85957 - Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0025, -0057, 0140 & -0176)
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 81, Issue 229 (November 29, 2016)
Federal Register Volume 81, Issue 229 (November 29, 2016)
| Page Range | 85957-85958 | |
| FR Document | 2016-28679 |
[Federal Register Volume 81, Number 229 (Tuesday, November 29, 2016)] [Notices] [Pages 85957-85958] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-28679] ======================================================================= ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0025, -0057, 0140 & -0176) 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. On September 22, 2016, (81 FR 65643), the FDIC requested comment for 60 days on a proposal to renew the information collections described below. No comments were received. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the renewal of these collections, and again invites comment on this renewal. DATES: Comments must be submitted on or before December 29, 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: Manny Cabeza (202-898-3767), Counsel, 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: Manny Cabeza, at the FDIC address above. SUPPLEMENTARY INFORMATION: Proposal to renew the following currently approved collections of information: 1. Title: Application for Consent to Exercise Trust Powers. OMB Number: 3064-0025. Form Number: FDIC 6200/09. Affected Public: Insured state nonmember banks wishing to exercise trust powers. Burden Estimate ---------------------------------------------------------------------------------------------------------------- Estimated Estimated Total annual Type of burden number of hours per Frequency of estimated respondents response response burden (hours) ---------------------------------------------------------------------------------------------------------------- Eligible depository institutions Reporting 8 8 On Occasion 64 Not-eligible depository Reporting 4 24 On Occasion 96 institutions................... ------------------------------------------------------------------------------- Totals...................... .............. 12 .............. .............. 160 ---------------------------------------------------------------------------------------------------------------- General Description of Collection: FDIC regulations (12 CFR 333.2) prohibit any insured State nonmember bank from changing the general character of its business without the prior written consent of the FDIC. The exercise of trust powers by a bank is usually considered a change in the general character of a bank's business if the bank did not exercise those powers previously. Therefore, unless a bank is currently exercising trust powers, it must file a formal application to obtain the FDIC's written consent to exercise trust powers. State banking authorities, not the FDIC, grant trust powers to their banks. The FDIC merely consents to the exercise of such powers. Applicants use form FDIC 6200/09 to obtain FDIC's consent. 2. Title: Certified Statement for Quarterly Deposit Insurance Assessment. OMB Number: 3064-0057. Form Number: 6420/07. Affected Public: FDIC-insured depository institutions. Estimated Number of Respondents: 6,081. Frequency of Response: Quarterly. Estimated Time Burden per Response: 20 minutes. Total Estimated Annual Burden: 8,108 hours. General Description of Collection: The FDIC collects deposit insurance assessments on a quarterly basis. Each assessment is based on the institution's quarterly report of condition for the prior calendar quarter. The FDIC collects the quarterly payments by means of direct debits through the Automated Clearing House network. The collection dates for the first period [[Page 85958]] of any given year (January through June) are June 30 and September 30 of the current year. The collection dates for the second period (July through December) are December 30 of the current year and March 30 of the following year. The information collection consists of recordkeeping associated with reviews by officials of the insured institutions to confirm that the assessment data are accurate and, in cases of inaccuracy, submission of corrected data. 3. Title: Insurance Products Consumer Protections. OMB Number: 3064-0140. Form Number: None. Affected Public: Insured State nonmember banks and savings associations that sell insurance products; persons who sell insurance products in or on behalf of insured State nonmember banks and savings associations. Burden Estimate ---------------------------------------------------------------------------------------------------------------- Estimated Estimated Total annual Type of burden number of hours per Frequency of estimated respondents response response burden (hours) ---------------------------------------------------------------------------------------------------------------- Review disclosure materials.. Recordkeeping... 2,020 1 On Occasion.... 2,020 Make disclosures to consumers Disclosure...... 2,020 4 On Occasion.... 8,080 ---------------------------------------------------------------------------------- Totals................... ................ .............. .............. ............... 10,100 ---------------------------------------------------------------------------------------------------------------- General Description of Collection: Respondents must prepare and provide certain disclosures to consumers (e.g., that insurance products and annuities are not FDIC-insured) and obtain consumer acknowledgments, at two different times: (1) Before the completion of the initial sale of an insurance product or annuity to a consumer; and (2) at the time of application for the extension of credit (if insurance products or annuities are sold, solicited, advertised, or offered in connection with an extension of credit). 4. Title: Reverse Mortgage Products. OMB Number: 3064-0176. Form Number: None. Affected Public: Insured State nonmember banks and savings associations. Burden Estimate ---------------------------------------------------------------------------------------------------------------- Estimated Estimated Total annual Type of burden number of hours per Frequency of estimated respondents response response burden (hours) ---------------------------------------------------------------------------------------------------------------- Implementation............... Reporting....... 1 40 Annually....... 40 Ongoing...................... Reporting....... 26 8 Annually....... 200 ---------------------------------------------------------------------------------- Totals................... ................ .............. .............. ............... 240 ---------------------------------------------------------------------------------------------------------------- General Description of Collection: In August, 2010, the OCC, FDIC, FRB and NCUA issued guidance focusing on the need to provide adequate information to consumers about reverse mortgage products; to provide qualified independent counseling to consumers considering these products; and to avoid potential conflicts of interest. The guidance also addressed related policies, procedures, internal controls, and third party risk management. Prior to the effective date of the final guidance, the Agencies obtained PRA approval from OMB for the information collection requirements contained therein. These information collection requirements included implementation of policies and procedures, training, and program maintenance. The requirements are outlined below: Institutions offering reverse mortgages should have written policies and procedures that prohibit the practice of directing a consumer to a particular counseling agency or contacting a counselor on the consumer's behalf. Policies should be clear so that originators do not have an inappropriate incentive to sell other products that appear linked to the granting of a mortgage. Legal and compliance reviews should include oversight of compensation programs so that lending personnel are not improperly encouraged to direct consumers to particular products. Training should be designed so that relevant lending personnel are able to convey information to consumers about product terms and risks in a timely, accurate, and balanced manner. 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 23rd day of November 2016. Federal Deposit Insurance Corporation Robert E. Feldman, Executive Secretary. [FR Doc. 2016-28679 Filed 11-28-16; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 81, No. 229 / Tuesday, November 29, 2016 / Notices 85957
Note 1 to 47 CFR 76.601 states prior Federal Communications Commission. ADDRESSES: Interested parties are
to additional testing pursuant to Section Gloria J. Miles, invited to submit written comments to
76.601(c), the local franchising authority Federal Register Liaison Officer, Office of the the FDIC by any of the following
shall notify the cable operator, who will Secretary. methods:
then be allowed thirty days to come into [FR Doc. 2016–28650 Filed 11–28–16; 8:45 am] • http://www.FDIC.gov/regulations/
compliance with any perceived signal BILLING CODE 6712–01–P laws/federal/notices.html.
quality problems which need to be • Email: comments@fdic.gov. Include
corrected. the name and number of the collection
in the subject line of the message.
47 CFR 76.1704 requires that proof of • Mail: Manny Cabeza (202–898–
FEDERAL DEPOSIT INSURANCE
performance test required by 47 CFR CORPORATION 3767), Counsel, MB–3007, Federal
76.601 shall be maintained on file at the Deposit Insurance Corporation, 550 17th
operator’s local business office for at Agency Information Collection Street NW., Washington, DC 20429.
least five years. The test data shall be Activities: Submission for OMB • Hand Delivery: Comments may be
made available for inspection by the Review; Comment Request (3064– hand-delivered to the guard station at
Commission or the local franchiser, 0025, –0057, 0140 & –0176) the rear of the 17th Street Building
upon request. If a signal leakage log is (located on F Street), on business days
being used to meet proof of performance AGENCY: Federal Deposit Insurance
between 7:00 a.m. and 5:00 p.m.
test recordkeeping requirement in Corporation (FDIC).
All comments should refer to the
accordance with Section 76.601, such a ACTION: Notice and request for comment.
relevant OMB control number. A copy
log must be retained for the period of the comments may also be submitted
SUMMARY: The FDIC, as part of its
specified in 47 CFR 76.601(d). to the OMB desk officer for the FDIC:
continuing effort to reduce paperwork
47 CFR 76.1705 requires that the and respondent burden, invites the Office of Information and Regulatory
operator of each cable television system general public and other Federal Affairs, Office of Management and
shall maintain at its local office a agencies to take this opportunity to Budget, New Executive Office Building,
current listing of the cable television comment on the renewal of existing Washington, DC 20503.
channels which that system delivers to information collections, as required by FOR FURTHER INFORMATION CONTACT:
its subscribers. the Paperwork Reduction Act of 1995. Manny Cabeza, at the FDIC address
On September 22, 2016, (81 FR 65643), above.
47 CFR 76.1717 states that an operator
shall be prepared to show, on request by the FDIC requested comment for 60 days SUPPLEMENTARY INFORMATION: Proposal
on a proposal to renew the information to renew the following currently
an authorized representative of the
collections described below. No approved collections of information:
Commission or the local franchising
comments were received. The FDIC 1. Title: Application for Consent to
authority, that the system does, in fact,
hereby gives notice of its plan to submit Exercise Trust Powers.
comply with the technical standards to OMB a request to approve the
rules in part 76, subpart K. OMB Number: 3064–0025.
renewal of these collections, and again Form Number: FDIC 6200/09.
invites comment on this renewal. Affected Public: Insured state
DATES: Comments must be submitted on nonmember banks wishing to exercise
or before December 29, 2016. trust powers.
BURDEN ESTIMATE
Total
Estimated Estimated annual
Type of Frequency
number of hours per estimated
burden respondents response of response burden
(hours)
Eligible depository institutions .............................................. Reporting 8 8 On Occasion 64
Not-eligible depository institutions ....................................... Reporting 4 24 On Occasion 96
Totals ............................................................................ ........................ 12 ........................ ........................ 160
General Description of Collection: trust powers. State banking authorities, Frequency of Response: Quarterly.
FDIC regulations (12 CFR 333.2) not the FDIC, grant trust powers to their Estimated Time Burden per Response:
prohibit any insured State nonmember banks. The FDIC merely consents to the 20 minutes.
bank from changing the general exercise of such powers. Applicants use Total Estimated Annual Burden:
character of its business without the form FDIC 6200/09 to obtain FDIC’s 8,108 hours.
prior written consent of the FDIC. The consent. General Description of Collection: The
FDIC collects deposit insurance
asabaliauskas on DSK3SPTVN1PROD with NOTICES
exercise of trust powers by a bank is 2. Title: Certified Statement for
usually considered a change in the Quarterly Deposit Insurance assessments on a quarterly basis. Each
Assessment. assessment is based on the institution’s
general character of a bank’s business if
OMB Number: 3064–0057. quarterly report of condition for the
the bank did not exercise those powers
Form Number: 6420/07. prior calendar quarter. The FDIC
previously. Therefore, unless a bank is collects the quarterly payments by
Affected Public: FDIC-insured
currently exercising trust powers, it depository institutions. means of direct debits through the
must file a formal application to obtain Estimated Number of Respondents: Automated Clearing House network.
the FDIC’s written consent to exercise 6,081. The collection dates for the first period
VerDate Sep<11>2014 17:48 Nov 28, 2016 Jkt 241001 PO 00000 Frm 00038 Fmt 4703 Sfmt 4703 E:\FR\FM\29NON1.SGM 29NON1](https://thefederalregister.org/doc/81_FR_86186/page/1.svg)
![85958 Federal Register / Vol. 81, No. 229 / Tuesday, November 29, 2016 / Notices
of any given year (January through June) by officials of the insured institutions to Affected Public: Insured State
are June 30 and September 30 of the confirm that the assessment data are nonmember banks and savings
current year. The collection dates for the accurate and, in cases of inaccuracy, associations that sell insurance
second period (July through December) submission of corrected data. products; persons who sell insurance
are December 30 of the current year and 3. Title: Insurance Products Consumer products in or on behalf of insured State
March 30 of the following year. The Protections. nonmember banks and savings
information collection consists of OMB Number: 3064–0140. associations.
recordkeeping associated with reviews Form Number: None.
BURDEN ESTIMATE
Total annual
Estimated Estimated Frequency of estimated
Type of burden number of hours per response burden
respondents response (hours)
Review disclosure materials ......................... Recordkeeping .......... 2,020 1 On Occasion ............. 2,020
Make disclosures to consumers ................... Disclosure ................. 2,020 4 On Occasion ............. 8,080
Totals ..................................................... ................................... ........................ ........................ .................................... 10,100
General Description of Collection: completion of the initial sale of an 4. Title: Reverse Mortgage Products.
Respondents must prepare and provide insurance product or annuity to a OMB Number: 3064–0176.
certain disclosures to consumers (e.g., consumer; and (2) at the time of
that insurance products and annuities application for the extension of credit (if Form Number: None.
are not FDIC-insured) and obtain insurance products or annuities are Affected Public: Insured State
consumer acknowledgments, at two sold, solicited, advertised, or offered in nonmember banks and savings
different times: (1) Before the connection with an extension of credit). associations.
BURDEN ESTIMATE
Total annual
Estimated Estimated Frequency of estimated
Type of burden number of hours per response burden
respondents response (hours)
Implementation ............................................. Reporting .................. 1 40 Annually ..................... 40
Ongoing ........................................................ Reporting .................. 26 8 Annually ..................... 200
Totals ..................................................... ................................... ........................ ........................ .................................... 240
General Description of Collection: In • Policies should be clear so that clarity of the information to be
August, 2010, the OCC, FDIC, FRB and originators do not have an inappropriate collected; and (d) ways to minimize the
NCUA issued guidance focusing on the incentive to sell other products that burden of the collections of information
need to provide adequate information to appear linked to the granting of a on respondents, including through the
consumers about reverse mortgage mortgage. use of automated collection techniques
products; to provide qualified • Legal and compliance reviews or other forms of information
independent counseling to consumers should include oversight of technology. All comments will become
considering these products; and to avoid compensation programs so that lending a matter of public record.
potential conflicts of interest. The personnel are not improperly Dated at Washington, DC, this 23rd day of
guidance also addressed related encouraged to direct consumers to November 2016.
policies, procedures, internal controls, particular products. Federal Deposit Insurance Corporation
and third party risk management. Prior • Training should be designed so that
to the effective date of the final relevant lending personnel are able to Robert E. Feldman,
guidance, the Agencies obtained PRA convey information to consumers about Executive Secretary.
approval from OMB for the information product terms and risks in a timely, [FR Doc. 2016–28679 Filed 11–28–16; 8:45 am]
collection requirements contained accurate, and balanced manner. BILLING CODE 6714–01–P
therein. These information collection
requirements included implementation Request for Comment
of policies and procedures, training, and Comments are invited on: (a) Whether
program maintenance. The requirements the collections of information are FEDERAL HOUSING FINANCE
asabaliauskas on DSK3SPTVN1PROD with NOTICES
are outlined below: necessary for the proper performance of AGENCY
• Institutions offering reverse the FDIC’s functions, including whether
mortgages should have written policies the information has practical utility; (b) [No. 2016–N–12]
and procedures that prohibit the the accuracy of the estimates of the Proposed Collection; Comment
practice of directing a consumer to a burden of the information collections, Request
particular counseling agency or including the validity of the
contacting a counselor on the methodology and assumptions used; (c) AGENCY: Federal Housing Finance
consumer’s behalf. ways to enhance the quality, utility, and Agency.
VerDate Sep<11>2014 17:48 Nov 28, 2016 Jkt 241001 PO 00000 Frm 00039 Fmt 4703 Sfmt 4703 E:\FR\FM\29NON1.SGM 29NON1](https://thefederalregister.org/doc/81_FR_86186/page/2.svg)
Document Created: 2016-11-29 00:33:16
Document Modified: 2016-11-29 00:33:16
| 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 December 29, 2016. | |
| FR Citation | 81 FR 85957 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR