81 FR 9194 - Agency Information Collection Activities: Submission for OMB Review; Comment Request
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 81, Issue 36 (February 24, 2016)
Federal Register Volume 81, Issue 36 (February 24, 2016)
| Page Range | 9194-9196 | |
| FR Document | 2016-03818 |
[Federal Register Volume 81, Number 36 (Wednesday, February 24, 2016)] [Notices] [Pages 9194-9196] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-03818] ======================================================================= ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION [3064-0046, 3064-0113 & 3064-0178] Agency Information Collection Activities: Submission for OMB Review; Comment Request 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 an existing information collection, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35). On December 15, 2015, (80 FR 77630), 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 [[Page 9195]] to approve the renewal of these collections, and again invites comment on this renewal. DATES: Comments must be submitted on or before March 25, 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 of the collection in the subject line of the message. Mail: Gary A. Kuiper (202.898.3877), Counsel, Room MB- 3016, or Manuel E. Cabeza, (202.898.3767), Counsel, Room 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: 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 part 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 [[Page 9196]] 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 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 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 19th day of February, 2016. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2016-03818 Filed 2-23-16; 8:45 am] BILLING CODE 6714-01-P
![9194 Federal Register / Vol. 81, No. 36 / Wednesday, February 24, 2016 / Notices
106 of the National Historic invites the general public and other Total Annual Cost: $150,300.
Preservation Act. federal agencies to take this opportunity Privacy Act Impact Assessment: No
m. Flambeau Hydro, LLC filed a Pre- to comment on the following impact(s).
Application Document (PAD; including information collection. Comments are Nature and Extent of Confidentiality:
a proposed process plan and schedule) requested concerning: Whether the There is no need for confidentiality with
with the Commission, pursuant to 18 collection of information is necessary this collection of information.
CFR 5.6 of the Commission’s for the proper performance of the Needs and Uses: Section 90.665
regulations. functions of the Commission, including requires each Major Trading Area
n. A copy of the PAD is available for whether the information shall have (MTA) licensee in the 896–901/935–940
review at the Commission in the Public practical utility; the accuracy of the MHz bands must, three years from the
Reference Room or may be viewed on Commission’s burden estimate; ways to date of license grant, construct and
the Commission’s Web site (http:// enhance the quality, utility, and clarity place into operation a sufficient number
www.ferc.gov), using the ‘‘eLibrary’’ of the information collected; ways to of base stations to provide coverage to
link. Enter the docket number, minimize the burden of the collection of at least one-third of the population of
excluding the last three digits in the information on the respondents, the MTA. Further, each MTA licensee
docket number field to access the including the use of automated must provide coverage to at least two-
document. For assistance, contact FERC collection techniques or other forms of thirds of the population of the MTA five
Online Support at information technology; and ways to years from the date of license grant.
FERCONlineSupport@ferc.gov, (866) further reduce the information Alternatively, a MTA licensee must
208–3676 (toll free), or (202) 502–8659 collection burden on small business demonstrate, through a showing to the
(TTY). A copy is also available for concerns with fewer than 25 employees. Commission five years from the date of
inspection and reproduction at the The FCC may not conduct or sponsor license grant, that it is providing
address in paragraph h. a collection of information unless it substantial service. The MTA licensee
o. The licensee states its unequivocal displays a currently valid control must also demonstrate that other
intent to submit an application for a number. No person shall be subject to substantial service benchmarks will be
new license for Project No. 2894. any penalty for failing to comply with met.
Pursuant to 18 CFR 16.8, 16.9, and 16.10 a collection of information subject to the The information verifying
each application for a new license and PRA that does not display a valid Office construction requirement will be used
any competing license applications of Management and Budget (OMB) by the Commission to determine
must be filed with the Commission at control number. whether the licensee has met the 900
least 24 months prior to the expiration DATES: Written PRA comments should MHz MTA construction requirements.
of the existing license. All applications be submitted on or before April 25, Information will be submitted on FCC
for license for this project must be filed 2016. If you anticipate that you will be Form 601 (OMB Control No. 3060–0798)
by April 30, 2017. submitting comments, but find it electronically.
p. Register online at http:// difficult to do so within the period of Federal Communications Commission.
www.ferc.gov/docs-filing/ time allowed by this notice, you should Marlene H. Dortch,
esubscription.asp to be notified via advise the contact listed below as soon Secretary. Office of the Secretary.
email of new filing and issuances as possible. [FR Doc. 2016–03802 Filed 2–23–16; 8:45 am]
related to this or other pending projects.
ADDRESSES: Direct all PRA comments to BILLING CODE 6712–01–P
For assistance, contact FERC Online
Cathy Williams, FCC, via email PRA@
Support.
fcc.gov and to Cathy.Williams@fcc.gov.
Dated: February 18, 2016. FOR FURTHER INFORMATION CONTACT: For FEDERAL DEPOSIT INSURANCE
Nathaniel J. Davis, Sr., additional information about the CORPORATION
Deputy Secretary. information collection, contact Cathy
[3064–0046, 3064–0113 & 3064–0178]
[FR Doc. 2016–03826 Filed 2–23–16; 8:45 am] Williams at (202) 418–2918.
BILLING CODE 6717–01–P SUPPLEMENTARY INFORMATION: Agency Information Collection
OMB Control Number: 3060–0691. Activities: Submission for OMB
Title: 900 MHz Specialized Mobile Review; Comment Request
FEDERAL COMMUNICATIONS Radio (SMR) Service, Section 90.665.
COMMISSION Form No.: N/A. AGENCY: Federal Deposit Insurance
Type of Review: Extension of a Corporation (FDIC).
[OMB 3060–0691]
currently approved collection. ACTION: Notice and request for comment.
Information Collection Being Reviewed Respondents: Business or other for-
profit. SUMMARY: The FDIC, as part of its
by the Federal Communications continuing effort to reduce paperwork
Number of Respondents and
Commission Under Delegated and respondent burden, invites the
Responses: 125 respondents; 125
Authority general public and other Federal
responses.
AGENCY: Federal Communications Estimated Time per Response: .5 agencies to take this opportunity to
Commission. hours (30 minutes)–2 hours. comment on the renewal of an existing
ACTION: Notice and request for Frequency of Response: On occasion information collection, as required by
mstockstill on DSK4VPTVN1PROD with NOTICES
comments. reporting requirement and the Paperwork Reduction Act of 1995
recordkeeping requirement. (44 U.S.C. chapter 35). On December 15,
SUMMARY: As part of its continuing effort Obligation to Respond: Required to 2015, (80 FR 77630), the FDIC requested
to reduce paperwork burdens, and as obtain or retain benefits. Statutory comment for 60 days on a proposal to
required by the Paperwork Reduction authority for this information collection renew the information collections
Act (PRA) of 1995 (44 U.S.C. 3501– is contained in 47 U.S.C. 154(i) and described below. No comments were
3520), the Federal Communications 309(j). received. The FDIC hereby gives notice
Commission (FCC or the Commission) Total Annual Burden: 406 hours. of its plan to submit to OMB a request
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![9196 Federal Register / Vol. 81, No. 36 / Wednesday, February 24, 2016 / Notices
available to the FDIC value-at-risk and FEDERAL DEPOSIT INSURANCE $1,128,000,000, based on the annual
profit and loss information on sub- CORPORATION percentage increase in the Consumer
portfolios for two years. Section Price Index for all urban consumers
324.206(b)(3) requires FDIC-supervised Notice to All Interested Parties of the (CPI–U) as published by the Department
institutions to have policies and Termination of the Receivership of of Labor (DOL). These changes took
procedures that describe how they 10227, Champion Bank, Creve Coeur, effect on January 1, 2016.
determine the period of significant MO FOR FURTHER INFORMATION CONTACT:
financial stress used to calculate the Kaitlin Hildner, Division of Federal
Notice is hereby given that the Federal
institution’s stressed value-at-risk Home Loan Bank Regulation, (202) 649–
Deposit Insurance Corporation (‘‘FDIC’’)
models and to obtain prior FDIC 3329, Kaitlin.Hildner@fhfa.gov, or Eric
as Receiver for Champion Bank, Creve
approval for any material changes to M. Raudenbush, Assistant General
Coeur, MO (‘‘the Receiver’’) intends to
these policies and procedures. Counsel, (202) 649–3084,
terminate its receivership for said
Section 324.207(b)(1) details Eric.Raudenbush@fhfa.gov, (not toll-free
institution. The FDIC was appointed
requirements applicable to a FDIC- numbers), Federal Housing Finance
receiver of Champion Bank on April 30,
supervised institution when the FDIC- Agency, Constitution Center, 400
2010. The liquidation of the
supervised institution uses internal Seventh Street SW., Washington, DC
receivership assets has been completed.
models to measure the specific risk of 20219.
To the extent permitted by available
certain covered positions. Section funds and in accordance with law, the SUPPLEMENTARY INFORMATION:
324.208 requires FDIC-supervised Receiver will be making a final dividend I. Statutory and Regulatory Background
institutions to obtain prior written FDIC payment to proven creditors.
approval for incremental risk modeling. Based upon the foregoing, the The Federal Home Loan Bank Act
Section 324.209(a) requires prior FDIC Receiver has determined that the (Bank Act) confers upon insured
approval for the use of a comprehensive continued existence of the receivership depository institutions that meet the
risk measure. Section 324.209(c)(2) will serve no useful purpose. statutory definition of a ‘‘Community
requires FDIC-supervised institutions to Consequently, notice is given that the Financial Institution’’ (CFI) certain
retain and report the results of advantages over non-CFI insured
receivership shall be terminated, to be
supervisory stress testing. Section depository institutions in qualifying for
effective no sooner than thirty days after
324.210(f)(2)(i) requires FDIC- Federal Home Loan Bank (Bank)
the date of this Notice. If any person
supervised institutions to document an membership, and in the purposes for
wishes to comment concerning the
internal analysis of the risk which they may receive long-term
termination of the receivership, such
characteristics of each securitization advances and the collateral they may
comment must be made in writing and
position in order to demonstrate an pledge to secure advances.1 Section
sent within thirty days of the date of
understanding of the position. Section 2(10)(A) of the Bank Act and § 1263.1 of
this Notice to: Federal Deposit
324.212 requires quarterly quantitative FHFA’s regulations define a CFI as any
Insurance Corporation, Division of
disclosures, annual qualitative Bank member the deposits of which are
Resolutions and Receiverships,
disclosures, and a formal disclosure insured by the Federal Deposit
Attention: Receivership Oversight
policy approved by the board of Insurance Corporation and that has
Department 32.1, 1601 Bryan Street,
directors that addresses the approach for average total assets below a statutory
Dallas, TX 75201.
determining the market risk disclosures cap.2 The Bank Act was amended in
No comments concerning the
it makes. 2008 to set the statutory cap at $1
termination of this receivership will be
billion and to require the Director of
Request for Comment considered which are not sent within
FHFA to adjust the cap annually to
this time frame.
reflect the percentage increase in the
Comments are invited on: (a) Whether Dated: February 19, 2016. CPI–U, as published by the DOL, for the
the collection of information is Federal Deposit Insurance Corporation. prior year.3 For 2015, FHFA set the CFI
necessary for the proper performance of
Robert E. Feldman, asset cap at $1,123,000,000, which
the FDIC’s functions, including whether
Executive Secretary. reflected a 1.3 percent increase over
the information has practical utility; (b)
[FR Doc. 2016–03907 Filed 2–23–16; 8:45 am] 2014, based upon the increase in the
the accuracy of the estimates of the
CPI–U between 2013 and 2014.4
burden of the information collection, BILLING CODE 6714–01–P
including the validity of the II. The CFI Asset Cap for 2016
methodology and assumptions used; (c) As of January 1, 2016, FHFA has
ways to enhance the quality, utility, and FEDERAL HOUSING FINANCE increased the CFI asset cap from
clarity of the information to be AGENCY $1,123,000,000 to $1,128,000,000,
collected; and (d) ways to minimize the [No. 2016–N–01] which reflects a 0.5 percent increase in
burden of the information collection on the unadjusted CPI–U from November
respondents, including through the use Notice of Annual Adjustment of the 2014 to November 2015. The new
of automated collection techniques or Cap on Average Total Assets That amount was obtained by rounding to the
other forms of information technology. Defines Community Financial nearest million, as has been the practice
All comments will become a matter of Institutions for all prior adjustments. Consistent
public record. with the practice of other Federal
mstockstill on DSK4VPTVN1PROD with NOTICES
AGENCY: Federal Housing Finance
Dated at Washington, DC, this 19th day of agencies, FHFA bases the annual
Agency.
February, 2016. adjustment to the CFI asset cap on the
Federal Deposit Insurance Corporation. ACTION: Notice.
1 See 12 U.S.C. 1424(a), 1430(a).
Robert E. Feldman, SUMMARY: The Federal Housing Finance 2 See 12 U.S.C. 1422(10)(A); 12 CFR 1263.1.
Executive Secretary. Agency (FHFA) has adjusted the cap on 3 See 12 U.S.C. 1422(10); 12 CFR 1263.1 (defining
[FR Doc. 2016–03818 Filed 2–23–16; 8:45 am] average total assets that defines a the term CFI asset cap).
BILLING CODE 6714–01–P ‘‘Community Financial Institution’’ to 4 See 80 FR 6712 (Feb. 6, 2015).
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Document Created: 2016-02-23 23:55:57
Document Modified: 2016-02-23 23:55:57
| 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 March 25, 2016. | |
| Contact | Gary A. Kuiper or Manuel E. Cabeza, at | |
| FR Citation | 81 FR 9194 |
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