82 FR 23569 - Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0019, -0061, -0087 & -0143)

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 82, Issue 98 (May 23, 2017)

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 February 9, 2017, 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.

[Federal Register Volume 82, Number 98 (Tuesday, May 23, 2017)]
[Notices]
[Pages 23569-23571]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-10443]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (3064-0019, -0061, -0087 & -0143)

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. On February 9, 2017, 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 June 22, 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, or 
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: Jennifer Jones or Manny Cabeza, at the 
FDIC address above.

SUPPLEMENTARY INFORMATION: On February 9, 2017, (82 FR 10004), 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.
    Proposal to renew the following currently approved collections of 
information:
    1. Title: Interagency Notice of Change in Control.
    OMB Number: 3064-0019.
    Form Number: FDIC 6822/01.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                            Estimated      Estimated time                                  Total annual
                                                  Type of burden            number of       per response       Frequency of response        estimated
                                                                           respondents        (hours)                                         burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notice of Change in Control..............  Reporting...................              25               30   On Occasion.................             750
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Interagency Notice of Change 
in Control is submitted by any person proposing to acquire ownership 
control of an insured state nonmember bank. The information is used by 
the FDIC to determine whether the competence, experience, or integrity 
of any acquiring person indicates it would not be in the interest of 
the depositors of the bank, or in the public interest, to permit such 
persons to control the bank.
    There is no change in the method or substance of the collection. 
The overall burden remains the same. In particular, the number of 
respondents and the hours per response remain the same.
    2. Title: Foreign Banking and Investment by Insured State Nonmember 
Banks.
    OMB Number: 3064-0061.
    Form Number: Summary of Deposits.
    Affected Public: All FDIC-insured institutions, including insured 
U.S. branches of foreign banks.
    Burden Estimate:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                            Estimated      Estimated time                                  Total annual
                                                  Type of burden            number of       per response       Frequency of response        estimated
                                                                           respondents        (hours)                                    burden  (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Summary of Deposits......................  Reporting...................           4,843                3   On Occasion.................          14,529
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: The Summary of Deposits (SOD) is 
the annual survey of branch office deposits as of June 30 for all FDIC-
insured institutions, including insured U.S. branches of foreign banks. 
All FDIC[hyphen]insured institutions that operate a main office and one 
or more branch locations (including limited service drive[hyphen]thru 
locations) as of June 30 each year are required to file the SOD Survey. 
Insured branches of foreign banks are also required to file. All data 
collected on the SOD submission are available to the public. The survey 
data provides a basis for measuring the competitive impact of bank 
mergers and has additional use in research on banking.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is a result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response remain the same.
    3. Title: Procedures for Monitoring Bank Secrecy Act Compliance.
    OMB Number: 3064-0087.
    Form Number: None.

[[Page 23570]]

    Affected Public: Insured State Nonmember Banks and Savings 
Associations.
    Burden Estimate:

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                                                    Estimated    Estimated time                    Total annual
                                Type of burden      number of     per response     Frequency of      estimated
                                                   respondents       (hours)         response     burden (hours)
----------------------------------------------------------------------------------------------------------------
Small Institutions...........  Recordkeeping...           3,011              35  On Occasion....         105,385
Medium Institutions..........  Recordkeeping...             747             250  On Occasion....         186,750
Large Institutions...........  Recordkeeping...              29             450  On Occasion....          13,050
                                                ----------------                                 ---------------
    Total Estimated Burden...  ................           3,787  ..............  ...............         305,185
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    General Description of Collection: Respondents must establish and 
maintain procedures designed to monitor and ensure their compliance 
with the requirements of the Bank Secrecy Act and the implementing 
regulations promulgated by the Department of Treasury at 31 CFR part 
103. Respondents must also provide training for appropriate personnel.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is a result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response remain the same.
    4. Title: Forms Relating to Processing Deposit Insurance Claims.
    OMB Number: 3064-0143.
    Form Number: 7200/04--Declaration for Government Deposit; 7200/05--
Declaration for Revocable Trust; 7200/06--Declaration of Independent 
Activity; 7200/07--Declaration of Independent Activity for 
Unincorporated Association; 7200/08--Declaration for Joint Ownership 
Deposit; 7200/09--Declaration for Testamentary Deposit; 7200/10--
Declaration for Defined Contribution Plan; 7200/11--Declaration for 
IRA/KEOGH Deposit; 7200/12--Declaration for Defined Benefit Plan; 7200/
13--Declaration of Custodian Deposit; 7200/14--Declaration or Health 
and Welfare Plan; 7200/15--Declaration for Plan and Trust; 7200/18--
Declaration for Irrevocable Trust; 7200/24--Claimant Verification; 
7200/26--Depositor Interview Form.
    Affected Public: Any person who has a deposit account relationship 
with an insured depository institution that has failed and from whom 
more information is needed to complete the deposit insurance 
determination.
    Burden Estimate:

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                                                    Estimated    Estimated time                    Total annual
                                Type of burden      number of     per response     Frequency of      estimated
                                                   respondents       (hours)         response     burden (hours)
----------------------------------------------------------------------------------------------------------------
COMBINED DEPOSIT BROKERS AND
 INDIVIDUALS:
    7200/04--Declaration for   Reporting.......              14              .5  On Occasion....               7
     Government Deposit.
    7200/05--Declaration for   Reporting.......             165              .5  On Occasion....              83
     Revocable Trust.
    7200/06--Declaration of    Reporting.......               0              .5  On Occasion....               0
     Independent Activity.
    7200/07--Declaration of    Reporting.......               0              .5  On Occasion....               0
     Independent Activity for
     Unincorporated
     Association.
    7200/08--Declaration for   Reporting.......               0              .5  On Occasion....               0
     Joint Ownership Deposit.
    7200/09--Declaration for   Reporting.......              21              .5  On Occasion....              11
     Testamentary Deposit.
    7200/10--Declaration for   Reporting.......               0          1 hour  On Occasion....               0
     Defined Contribution
     Plan.
    7200/11--Declaration for   Reporting.......               0              .5  On Occasion....               0
     IRA/KEOGH Deposit.
    7200/12--Declaration for   Reporting.......               0          1 hour  On Occasion....               0
     Defined Benefit Plan.
    7200/13--Declaration of    Reporting.......               0              .5  On Occasion....               0
     Custodian Deposit.
    7200/14--Declaration or    Reporting.......              12          1 hour  On Occasion....              12
     Health and Welfare Plan.
    7200/15--Declaration for   Reporting.......               0              .5  On Occasion....               0
     Plan and Trust.
    7200/18--Declaration for   Reporting.......               0              .5  On Occasion....               0
     Irrevocable Trust.
    7200/24--Claimant          Reporting.......             218              .5  On Occasion....             109
     Verification.
    7200/26--Depositor         Reporting.......             198              .5  On Occasion....              99
     Interview Form.
                                                ----------------------------------------------------------------
        SUBTOTAL: COMBINED     ................             628  ..............  ...............             321
         BROKERS AND
         INDIVIDUALS.
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[[Page 23571]]

 
DEPOSIT BROKERS ONLY:
    Deposit Broker Submission  Reporting.......             136             .08  On Occasion....           11.33
     Checklist.
    Diskette, following        Reporting.......             102             .75  On Occasion....            76.5
     ``Broker Input File       Reporting.......              34               5  On Occasion....             170
     Requirements''--burden
     will vary depending on
     the broker's number of
     brokered accounts.
    Exhibit B, the standard    Reporting.......             136           .0167  On Occasion....            2.27
     agency agreement, or the
     non-standard agency
     agreement.
                                                ----------------------------------------------------------------
        SUBTOTAL: DEPOSIT      ................             136  ..............  ...............          260.10
         BROKERS ONLY.
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            TOTAL HOURLY       ................             764  ..............  ...............          581.10
             BURDEN.
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    General Description of Collection: The collection involves forms 
used by the FDIC to obtain information from depositors and deposit 
brokers necessary to supplement the records of failed insured 
depository institutions to make determinations regarding deposit 
insurance coverage. The information provided enables the FDIC to 
identify the actual owners of an account, each owner's interest in the 
account, and the right and capacity in which the deposit is insured.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is a result of economic 
fluctuation. In particular, the number of respondents has decreased 
while the hours per response remain the same.

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 17th day of May 2017.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017-10443 Filed 5-22-17; 8:45 am]
 BILLING CODE 6714-01-P