82 FR 10008 - Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0112, -0125, -0127 & -0175)
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 82, Issue 26 (February 9, 2017)
Federal Register Volume 82, Issue 26 (February 9, 2017)
| Page Range | 10008-10010 | |
| FR Document | 2017-02635 |
[Federal Register Volume 82, Number 26 (Thursday, February 9, 2017)] [Notices] [Pages 10008-10010] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-02635] ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0112, -0125, -0127 & -0175) 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 November 28, 2016, (81 FR 85562), 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 March 13, 2017. 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: Real Estate Lending Standards. OMB Number: 3064-0112. Form Number: None. Affected Public: Insured State Nonmember Banks and State Savings Associations. Burden Estimate: [[Page 10009]] -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Estimated Estimated time Total annual Type of burden number of number of per response Frequency of response estimated respondents responses (hours) burden (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- Real Estate Lending Standards....... Recordkeeping.......... 3,878 1 20 On Occasion.............. 77,560 -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: Institutions use real estate lending policies to guide their lending operations in a manner that is consistent with safe and sound banking practices and appropriate to their size and nature and scope of their operations. These policies should address certain lending considerations, including loan-to-value limits, loan administration policies, portfolio diversification standards, and documentation, approval, and reporting requirements. 2. Title: Foreign Banking and Investment by Insured State Nonmember Banks. OMB Number: 3064-0125. Form Number: None. Affected Public: Insured State Nonmember Banks. Burden Estimate: -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Estimated Estimated time Total annual Type of burden number of number of per response Frequency of response estimated respondents responses (hours) burden (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- Notice of foreign branch Reporting.............. 1 1 2 On Occasion.............. 2 establishment or foreign branch closure (303.182(a) and (d)). Prior notice (45 days) of foreign Reporting.............. 1 1 6 On Occasion.............. 6 branch establishment (303.182(b)). Application to establish a foreign Reporting.............. 1 1 40 On Occasion.............. 40 branch or to engage in certain activities through a foreign branch (303.182(b)). Notice of foreign investment Reporting.............. 1 1 2 On Occasion.............. 2 (303.183(a)). Prior notice (45 days) of investment Reporting.............. 1 1 6 On Occasion.............. 6 in foreign organizations (303.183(b)). Application to invest in foreign Reporting.............. 2 1 60 On Occasion.............. 120 organizations, or to engage in certain activities through foreign organizations (303.183(b)). Notice of foreign divestiture Reporting.............. 2 1 1 hour On Occasion.............. 2 (303.183(d)). ------------------------------------------------------------------------------------------ Total Reporting Burden Hours.... ....................... .............. .............. .............. ......................... 178 Supervision and Recordkeeping of Recordkeeping.......... 20 1 400 On Occasion.............. 8,000 Foreign Activities. ------------------------------------------------------------------------------------------ Total Recordkeeping Burden Hours ....................... .............. .............. .............. ......................... 8,000 -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: The Federal Deposit Insurance (FDI) Act requires state nonmember banks to obtain FDIC consent to establish or operate a branch in a foreign country, or to acquire and hold, directly or indirectly, stock or other evidence of ownership in any foreign bank or other entity. The FDI Act also authorizes the FDIC to impose conditions for such consent and to issue regulations related thereto. This collection is a direct consequence of those statutory requirements. 3. Title: Occasional Qualitative Surveys. OMB Number: 3064-0127. Form Number: None. Affected Public: Insured Depository Institutions and Their Customers. Burden Estimate: -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Estimated Estimated time Total annual Type of burden number of number of per response Frequency of response estimated respondents responses (hours) burden (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- Occasional generic qualitative Reporting............ 850 15 1 On Occasion............. 12,750 surveys. -------------------------------------------------------------------------------------------------------------------------------------------------------- [[Page 10010]] General Description of Collection: The FDIC is requesting renewal of this approved collection to use occasional qualitative surveys to gather information from the public. In general, these surveys do not involve more than 850 respondents, do not require more than one hour per respondent, and are completely voluntary in nature. It is not contemplated that more than 15 such surveys will be conducted in any given year. The purpose of the surveys is, in general terms, to obtain anecdotal information about regulatory burden, problems or successes in the bank supervisory process (including both safety-and-soundness and consumer-related exams), the perceived need for regulatory or statutory change, and similar concerns. The information in these surveys is anecdotal in nature, that is, samples are not necessarily random, the results are not necessarily representative of a larger class of potential respondents, and the goal is not to produce a statistically valid and reliable database. Rather, the surveys are expected to yield anecdotal information about the particular experiences and opinions of members of the public, primarily staff at respondent banks or bank customers. The information is used to improve the way FDIC relates to its clients, to develop agendas for regulatory or statutory change, and in some cases simply to learn how particular policies or programs are working, or are perceived in particular cases. 4. Title: Interagency Guidance on Sound Incentive Compensation Practices. OMB Number: 3064-0175. Form Number: None. Affected Public: Insured State Nonmember Banks and State Savings Associations. Burden Estimate: -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Estimated Estimated time Total annual Type of burden number of number of per response Frequency of response estimated respondents responses (hours) burden (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- Annual maintenance of policies and Recordkeeping........ 3,878 1 40 Annual.................. 155,120 procedures. -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: The Guidance on Sound Incentive Compensation Practices helps ensure that incentive compensation policies at insured state nonmember banks and state savings associations do not encourage excessive risk-taking and are consistent with the safety and soundness of the organization. Under the Guidance, banks are required to: (i) Have policies and procedures that identify and describe the role(s) of the personnel and units authorized to be involved in incentive compensation arrangements, identify the source of significant risk-related inputs, establish appropriate controls governing these inputs to help ensure their integrity, and identify the individual(s) and unit(s) whose approval is necessary for the establishment or modification of incentive compensation arrangements; (ii) create and maintain sufficient documentation to permit an audit of the organization's processes for incentive compensation arrangements; (iii) have any material exceptions or adjustments to the incentive compensation arrangements established for senior executives approved and documented by its board of directors; and (iv) have its board of directors receive and review, on an annual or more frequent basis operation of the organization's incentive compensation system in providing risk-taking incentives that are consistent with the organization's safety and soundness. 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 3rd day of February 2017. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. 2017-02635 Filed 2-8-17; 8:45 am] BILLING CODE 6714-01-P
![10008 Federal Register / Vol. 82, No. 26 / Thursday, February 9, 2017 / Notices
INSTITUTIONS IN LIQUIDATION
FDIC Ref. No. Bank name City State Date closed
10524 .................................... Seaway Bank and Trust Company ..................................... Chicago ....................... IL 1/27/2017
[FR Doc. 2017–02633 Filed 2–8–17; 8:45 am] appointed receiver of Creekside Bank on information collections, as required by
BILLING CODE P September 2, 2011. The liquidation of the Paperwork Reduction Act of 1995.
the receivership assets has been On November 28, 2016, (81 FR 85562),
completed. To the extent permitted by the FDIC requested comment for 60 days
FEDERAL DEPOSIT INSURANCE available funds and in accordance with on a proposal to renew the information
CORPORATION law, the Receiver will be making a final collections described below. No
dividend payment to proven creditors. comments were received. The FDIC
Notice of Termination of the Based upon the foregoing, the hereby gives notice of its plan to submit
Receivership of 10206, Key West Bank, Receiver has determined that the to OMB a request to approve the
Key West, Florida continued existence of the receivership renewal of these collections, and again
The Federal Deposit Insurance will serve no useful purpose. invites comment on this renewal.
Corporation (‘‘FDIC’’), as Receiver for Consequently, notice is given that the DATES: Comments must be submitted on
10206, Key West Bank, Key West, receivership shall be terminated, to be or before March 13, 2017.
Florida (‘‘Receiver’’), has been effective no sooner than thirty days after
ADDRESSES: Interested parties are
authorized to take all actions necessary the date of this Notice. If any person
wishes to comment concerning the invited to submit written comments to
to terminate the receivership estate of the FDIC by any of the following
Key West Bank (‘‘Receivership Estate’’); termination of the receivership, such
comment must be made in writing and methods:
the Receiver has made all dividend
sent within thirty days of the date of • http://www.FDIC.gov/regulations/
distributions required by law. The
this Notice to: Federal Deposit laws/federal/notices.html.
Receiver has further irrevocably
Insurance Corporation, Division of • Email: comments@fdic.gov. Include
authorized and appointed FDIC-
Resolutions and Receiverships, the name and number of the collection
Corporate as its attorney-in-fact to
execute and file any and all documents Attention: Receivership Oversight in the subject line of the message.
that may be required to be executed by Department 34.6, 1601 Bryan Street, • Mail: Jennifer Jones (202–898–
the Receiver which FDIC-Corporate, in Dallas, TX 75201. 6768), Counsel, MB–3105, Federal
its sole discretion, deems necessary; No comments concerning the Deposit Insurance Corporation, 550 17th
including but not limited to releases, termination of this receivership will be Street NW., Washington, DC 20429.
discharges, satisfactions, endorsements, considered which are not sent within • Hand Delivery: Comments may be
assignments and deeds. Effective this time frame. hand-delivered to the guard station at
February 1, 2017, the Receivership the rear of the 17th Street Building
Dated: February 3, 2017.
Estate has been terminated, the Receiver (located on F Street), on business days
Federal Deposit Insurance Corporation.
discharged, and the Receivership Estate between 7:00 a.m. and 5:00 p.m.
Valerie J. Best, All comments should refer to the
has ceased to exist as a legal entity.
Assistant Executive Secretary. relevant OMB control number. A copy
Dated: February 3, 2017. [FR Doc. 2017–02632 Filed 2–8–17; 8:45 am] of the comments may also be submitted
Federal Deposit Insurance Corporation. BILLING CODE 6714–01–P to the OMB desk officer for the FDIC:
Valerie J. Best, Office of Information and Regulatory
Assistant Executive Secretary. Affairs, Office of Management and
[FR Doc. 2017–02627 Filed 2–8–17; 8:45 am] FEDERAL DEPOSIT INSURANCE Budget, New Executive Office Building,
BILLING CODE 6714–01–P CORPORATION Washington, DC 20503.
Agency Information Collection FOR FURTHER INFORMATION CONTACT:
Activities: Submission for OMB Jennifer Jones, at the FDIC address
FEDERAL DEPOSIT INSURANCE
CORPORATION Review; Comment Request (3064– above.
0112, –0125, –0127 & –0175) SUPPLEMENTARY INFORMATION: Proposal
Notice to All Interested Parties of to renew the following currently
Intent To Terminate the Receivership AGENCY: Federal Deposit Insurance
Corporation (FDIC). approved collections of information:
of 10393, Creekside Bank, Woodstock, 1. Title: Real Estate Lending
Georgia ACTION: Notice and request for comment.
Standards.
Notice is hereby given that the Federal SUMMARY: The FDIC, as part of its OMB Number: 3064–0112.
Deposit Insurance Corporation (‘‘FDIC’’) continuing effort to reduce paperwork Form Number: None.
as Receiver for Creekside Bank, and respondent burden, invites the Affected Public: Insured State
Woodstock, Georgia (‘‘the Receiver’’), general public and other Federal Nonmember Banks and State Savings
intends to terminate its receivership for agencies to take this opportunity to Associations.
sradovich on DSK3GMQ082PROD with NOTICES
said institution. The FDIC was comment on the renewal of existing Burden Estimate:
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![10010 Federal Register / Vol. 82, No. 26 / Thursday, February 9, 2017 / Notices
General Description of Collection: The safety-and-soundness and consumer- used to improve the way FDIC relates to
FDIC is requesting renewal of this related exams), the perceived need for its clients, to develop agendas for
approved collection to use occasional regulatory or statutory change, and regulatory or statutory change, and in
qualitative surveys to gather information similar concerns. The information in some cases simply to learn how
from the public. In general, these these surveys is anecdotal in nature, particular policies or programs are
surveys do not involve more than 850 that is, samples are not necessarily working, or are perceived in particular
respondents, do not require more than random, the results are not necessarily cases.
one hour per respondent, and are representative of a larger class of 4. Title: Interagency Guidance on
completely voluntary in nature. It is not potential respondents, and the goal is Sound Incentive Compensation
contemplated that more than 15 such not to produce a statistically valid and Practices.
surveys will be conducted in any given reliable database. Rather, the surveys are OMB Number: 3064–0175.
year. The purpose of the surveys is, in expected to yield anecdotal information Form Number: None.
general terms, to obtain anecdotal about the particular experiences and Affected Public: Insured State
information about regulatory burden, opinions of members of the public, Nonmember Banks and State Savings
problems or successes in the bank primarily staff at respondent banks or Associations.
supervisory process (including both bank customers. The information is Burden Estimate:
Estimated Total annual
Estimated Estimated time per Frequency estimated
Type of burden number of number of response of response burden
respondents responses (hours) (hours)
Annual maintenance of poli- Recordkeeping ................... 3,878 1 40 Annual ............ 155,120
cies and procedures.
General Description of Collection: The the FDIC’s functions, including whether The Receiver has further irrevocably
Guidance on Sound Incentive the information has practical utility; (b) authorized and appointed FDIC-
Compensation Practices helps ensure the accuracy of the estimates of the Corporate as its attorney-in-fact to
that incentive compensation policies at burden of the information collections, execute and file any and all documents
insured state nonmember banks and including the validity of the that may be required to be executed by
state savings associations do not methodology and assumptions used; (c) the Receiver which FDIC-Corporate, in
encourage excessive risk-taking and are ways to enhance the quality, utility, and its sole discretion, deems necessary;
consistent with the safety and clarity of the information to be including but not limited to releases,
soundness of the organization. Under collected; and (d) ways to minimize the discharges, satisfactions, endorsements,
the Guidance, banks are required to: (i) burden of the collections of information assignments and deeds.
Have policies and procedures that on respondents, including through the Effective February 1, 2017, the
identify and describe the role(s) of the use of automated collection techniques Receivership Estate has been
personnel and units authorized to be or other forms of information terminated, the Receiver discharged,
involved in incentive compensation technology. All comments will become and the Receivership Estate has ceased
arrangements, identify the source of a matter of public record. to exist as a legal entity.
significant risk-related inputs, establish Dated at Washington, DC, this 3rd day of Dated: February 6, 2017.
appropriate controls governing these February 2017. Federal Deposit Insurance Corporation.
inputs to help ensure their integrity, and Federal Deposit Insurance Corporation. Valerie J. Best,
identify the individual(s) and unit(s) Valerie J. Best, Assistant Executive Secretary.
whose approval is necessary for the [FR Doc. 2017–02671 Filed 2–8–17; 8:45 am]
Assistant Executive Secretary.
establishment or modification of
[FR Doc. 2017–02635 Filed 2–8–17; 8:45 am] BILLING CODE 6714–01–P
incentive compensation arrangements;
(ii) create and maintain sufficient BILLING CODE 6714–01–P
documentation to permit an audit of the
organization’s processes for incentive FEDERAL TRADE COMMISSION
FEDERAL DEPOSIT INSURANCE
compensation arrangements; (iii) have [File No. 172 3033]
CORPORATION
any material exceptions or adjustments
to the incentive compensation iSpring Water Systems, LLC; Analysis
Notice of Termination of the of Proposed Consent Order To Aid
arrangements established for senior Receivership of 10299, WestBridge
executives approved and documented Public Comment
Bank and Trust Company,
by its board of directors; and (iv) have Chesterfield, Missouri AGENCY: Federal Trade Commission.
its board of directors receive and ACTION: Proposed consent agreement.
review, on an annual or more frequent The Federal Deposit Insurance
basis operation of the organization’s Corporation (‘‘FDIC’’), as Receiver for SUMMARY: The consent agreement in this
incentive compensation system in 10299, WestBridge Bank and Trust matter settles alleged violations of
providing risk-taking incentives that are Company, Chesterfield, Missouri
sradovich on DSK3GMQ082PROD with NOTICES
federal law prohibiting unfair or
consistent with the organization’s safety (‘‘Receiver’’), has been authorized to deceptive acts or practices. The attached
and soundness. take all actions necessary to terminate Analysis to Aid Public Comment
the receivership estate of WestBridge describes both the allegations in the
Request for Comment
Bank and Trust Company draft complaint and the terms of the
Comments are invited on: (a) Whether (‘‘Receivership Estate’’); the Receiver consent order—embodied in the consent
the collections of information are has made all dividend distributions agreement—that would settle these
necessary for the proper performance of required by law. allegations.
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Document Created: 2017-02-09 01:02:44
Document Modified: 2017-02-09 01:02:44
| 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 13, 2017. | |
| FR Citation | 82 FR 10008 |
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