82 FR 31325 - Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0085 & -0120)
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 82, Issue 128 (July 6, 2017)
Federal Register Volume 82, Issue 128 (July 6, 2017)
| Page Range | 31325-31327 | |
| FR Document | 2017-14151 |
[Federal Register Volume 82, Number 128 (Thursday, July 6, 2017)] [Notices] [Pages 31325-31327] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-14151] ======================================================================= ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0085 & -0120) 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. Currently, the FDIC is soliciting comment on renewal of the information collections described below. DATES: Comments must be submitted on or before September 5, 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: 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 noted above. SUPPLEMENTARY INFORMATION: Proposal to renew the following currently approved collections of information: 1. Title: Record Keeping, Reporting and Disclosure Requirements in Connection with the Equal Credit Opportunity Act Regulation B. OMB Number: 3064-0085. Form Number: None. Affected Public: Insured state nonmember banks and state savings associations. Burden Estimate: [[Page 31326]] ---------------------------------------------------------------------------------------------------------------- Estimated Source and burden type Number of Annual Total Average time per annual burden respondents frequency responses response (hours) ---------------------------------------------------------------------------------------------------------------- Credit Reporting History 3,744 850 3,182,400 2 Minutes....... 106,080 (1002.10) Reporting. Total Reporting........... .............. .............. .............. ................ 106,080 Disclosure for Optional Self- 1,100 2,500 2,750,000 1 Minute........ 45,833 Test (1002.5) Third Party Disclosure. Notifications (1002.9) Third 3,744 1,715 6,420,960 2 Minutes....... 214,032 Party Disclosure. Appraisal Report Upon Request 3,744 190 711,360 5 Minutes....... 59,280 (1002.12(a)(1)) Third Party Disclosure. Notice of Right to Appraisal 3,744 1,650 6,177,600 1 Minute........ 102,960 (1002.14(a)(2)) Third Party Disclosure. Total Third Party .............. .............. .............. ................ 422.105 Disclosure. Record Retention 3,744 360 1,347,840 1 Minute........ 22,464 (Applications, Actions, Pre- Screened Solicitations)(1002.12) Record Keeping. Record Retention (Self- 1,100 1 1,100 2 Hours......... 2,200 Testing)(1002.12) Record Keeping. Record Retention (Self-Testing 275 1 275 8 Hours......... 2,200 Self-Correction) (1002.15) Record Keeping. --------------------------------------------------------------------------------- Total Record Keeping...... .............. .............. .............. ................ 26,864 --------------------------------------------------------------------------------- Total Estimated Annual .............. .............. .............. ................ 555,049 Burden. ---------------------------------------------------------------------------------------------------------------- General Description of Collection: Regulation B (12 CFR part 1002) issued by the Consumer Financial Protection Bureau, prohibits creditors from discriminating against applicants on any bases specified by the Equal Credit Opportunity Act; imposes, reporting, record keeping and disclosure requirements; establishes guidelines for gathering and evaluating credit information; and requires creditors to give applicants certain written notices. 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 reporting frequency and the estimated time per response remain the same. 2. Title: Flood Insurance. OMB Number: 3064-0120. Form Number: None. Affected Public: Insured state nonmember banks and state savings associations. Burden Estimate: There is no change in the method or substance of the collection. There is an overall reduction in burden hours which is the result of (1) economic fluctuation reflected by a decrease in the number of FDIC-supervised institutions and (2) a decrease in the number of flood insurance policies nationally. In particular, the number of respondents and the frequency of response (number of loans) have decreased while the hours per response remain the same. FDIC estimates total annual burden to be 111,540 hours. To obtain this figure, FDIC relied on: (a) Data from the Federal Emergency Management Agency (FEMA) as of May 2017; (b) FDIC Call Report data as of March 31, 2017; and (c) Federal Reserve Board mortgage data as of March 31, 2017. Table 1--Burden Calculation ---------------------------------------------------------------------------------------------------------------- Share of Item burden Hours Share Hours Hours Total hours ---------------------------------------------------------------------------------------------------------------- 1. Disclosure to the Borrower..... 50% 0.50 90% 0.45 0.225 25,097 2. Disclosure to the Servicer..... ........... ........... ........... ........... 0.225 25,097 3. Report to FEMA of a Change in ........... ........... 10% 0.05 0.05 5,577 Servicer......................... 4. Recordkeeping (Bank keeps a 50% 0.50 ........... 0.50 0.50 55,770 copy of all notifications)....... ........... 1.0 ........... 1.0 1.0 111,540 ---------------------------------------------------------------------------------------------------------------- Respondents (FDIC supervised banks ........... ........... ........... ........... ........... 3,718 with real estate loans).......... Frequency (Average no. of real ........... ........... ........... ........... ........... 30 estate loans serviced w/flood ins)............................. ----------------------------------------------------------------------------- Total burden.................. ........... ........... ........... ........... ........... 111,540 ---------------------------------------------------------------------------------------------------------------- Sources: FDIC, FEMA, Federal Reserve Board. FEMA reported there were 4,983,954 flood insurance policies in effect with a total insured value of $1,238,657,149,400.\1\ --------------------------------------------------------------------------- \1\ https://www.fema.gov/flood-insurance-statistics-current-month (accessed June 15, 2017). --------------------------------------------------------------------------- FDIC Call Report data showed that as of March 31, 2017, there were a total of 5,790 FDIC-insured institutions with a total of $4.25 trillion in 1-4 family; multifamily; nonfarm, nonresidential, and agricultural loans secured by real estate. As of March 31, 2017, there were 3,718 FDIC-regulated institutions with a total value of about $1.19 trillion in these loans. Based on the foregoing, we estimate that FDIC-regulated banks hold 27.9% of these assets. The Federal Reserve Board reported $14.41 trillion in mortgage debt outstanding in the U.S., with $4.63 trillion (32.4%) held by depository [[Page 31327]] institutions.\2\ Since this total debt held by banks is close to the value of these real estate loans from Call Report data, we have confidence that we can meld the data sets for estimation purposes. We therefore assume that 32.4% of the value of flood insurance policies will be held by U.S. commercial banks: $401 billion. --------------------------------------------------------------------------- \2\ https://www.federalreserve.gov/econresdata/releases/mortoutstand/mortoutstand20170331.htm (accessed June 15, 2017). --------------------------------------------------------------------------- In the absence of any data on the number of real estate loans with flood insurance at any bank, we resort to apportion 32.4% of the number of flood insurance policies (1,614,801) to commercial banks, and 27.9% of those to FDIC-regulated institutions (451,177). Because the value of property varies greatly between different geographical regions and different banks, it is doubtful that this estimation of the number of policies is accurate. However, there exists no other reasonable method for deriving the number of policies at each bank given available data. Next, we apportioned the 451,177 flood insurance policies to each FDIC-regulated institution according to its share of real estate loans to total real estate loans. The resulting apportionment results in an average of 121 policies per bank, and a median of 30 policies per bank. Because the average is skewed by the large number of policies at large banks, we believe the median is a better measure for calculating burden hours. Our subject-matter experts (SMEs) for this rule believe that the total burden to the public for complying with this rule is 1.0 hours per policy. We find four PRA related tasks in this rule: (1) Disclosure to Borrowers, (2) Disclosure to Servicers, (3) Reporting to FEMA of Changes in Coverage, and (4) Recordkeeping for tasks 1-3 above. We assume that Recordkeeping will comprise \1/2\ hour, and the remaining \1/2\ is split between the other tasks. We assume that 90% of policies will involve a new origination, and 10% of policies will involve a change in status. With 3,718 respondents holding a median of 30 policies and 1 hour of burden per policy, we calculate a total burden of 111,540 hours. This burden is apportioned to each task as shown in Table 1 above. General Description of Collection: Each supervised lending institution is currently required to provide a notice of special flood hazards to each borrower with a loan secured by a building or mobile home located or to be located in an area identified by the Director of the Federal Emergency Management Agency as being subject to special flood hazards. The Riegle Community Development Act requires that each institution also provide a copy of the notice to the servicer of the loan (if different from the originating lender). 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 30th day of June, 2017. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2017-14151 Filed 7-5-17; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 82, No. 128 / Thursday, July 6, 2017 / Notices 31325
ADDRESSES: Direct all PRA comments to Privacy Act Impact Assessment: No FEDERAL DEPOSIT INSURANCE
Nicole Ongele, FCC, via email PRA@ impact(s). CORPORATION
fcc.gov and to Nicole.Ongele@fcc.gov. Nature and Extent of Confidentiality:
FOR FURTHER INFORMATION CONTACT: For The information requested is not of a Agency Information Collection
additional information about the confidential nature. However, Activities: Proposed Collection
information collection, contact Nicole respondents may request materials or Renewals; Comment Request (3064–
Ongele at (202) 418–2991. information submitted to the 0085 & –0120)
SUPPLEMENTARY INFORMATION: As part of Commission be withheld from public
AGENCY: Federal Deposit Insurance
its continuing effort to reduce inspection under 47 CFR 0.459 of the
Corporation (FDIC).
paperwork burdens, and as required by Commission’s rules.
Needs and Uses: On April 28, 2017, ACTION: Notice and request for comment.
the Paperwork Reduction Act (PRA) of
1995 (44 U.S.C. 3501–3520), the Federal the Commission released the Business SUMMARY: The FDIC, as part of its
Communications Commission (FCC or Data Services Order, WC Docket No. 16– continuing effort to reduce paperwork
Commission) invites the general public 143 et al., FCC 17–43, reforming the and respondent burden, invites the
and other Federal agencies to take this business data services/special access general public and other Federal
opportunity to comment on the regulations for incumbent and agencies to take this opportunity to
following information collections. competitive LECs. The Commission’s comment on the renewal of existing
Comments are requested concerning: reforms included replacing the information collections, as required by
Whether the proposed collection of application-based pricing flexibility the Paperwork Reduction Act of 1995.
information is necessary for the proper rules with a new framework under Currently, the FDIC is soliciting
performance of the functions of the which: (a) Packet-based services, time comment on renewal of the information
Commission, including whether the division multiplexing (TDM) services collections described below.
information shall have practical utility; with bandwidth greater than 45 mbps,
and TDM transport services are not DATES: Comments must be submitted on
the accuracy of the Commission’s
subject to ex ante pricing regulation; (b) or before September 5, 2017.
burden estimate; ways to enhance the
quality, utility, and clarity of the a new standard is applied to determine ADDRESSES: Interested parties are
information collected; ways to minimize the extent to which the Commission invited to submit written comments to
the burden of the collection of regulates price cap LECs’ TDM end user the FDIC by any of the following
information on the respondents, channel terminations with bandwidth methods:
including the use of automated less than 45 mbps and certain other low • http://www.FDIC.gov/regulations/
collection techniques or other forms of bandwidth business data services. laws/federal/notices.html.
information technology; and ways to Under this standard, a price cap LEC is • Email: comments@fdic.gov. Include
further reduce the information not subject to ex ante pricing regulation the name and number of the collection
collection burden on small business in the provision of these services in in the subject line of the message.
concerns with fewer than 25 employees. counties deemed competitive under the • Mail: Manny Cabeza (202–898–
OMB Control Number: 3060–0760. Commission’s competitive market test 3767). Counsel, MB 3007, Federal
Title: 272 Sunset Order, WC Docket or for which the price cap LEC Deposit Insurance Corporation, 550 17th
No. 06–120; Access Charge Reform, CC previously obtained Phase II pricing Street NW., Washington, DC 20429.
Docket No. 96–262, First Report and flexibility; (c) the price cap LEC is • Hand Delivery: Comments may be
Order; Second Order on subject to ex ante pricing regulation in hand-delivered to the guard station at
Reconsideration and Memorandum other counties where it is the incumbent the rear of the 17th Street Building
Opinion and Order; and Fifth Report LEC, but in these counties the price cap (located on F Street), on business days
and Order; Business Data Services LEC has downward pricing flexibility between 7:00 a.m. and 5:00 p.m.
Report and Order, WC Docket No. 16– (i.e., the equivalent of Phase I pricing All comments should refer to the
143 et al. flexibility under the prior rules); and (d) relevant OMB control number. A copy
Form Number: N/A. the Commission will update the of the comments may also be submitted
Type of Review: Revision of a competitive market test results every to the OMB desk officer for the FDIC:
currently approved collection. three years using data already collected Office of Information and Regulatory
Respondents: Business or other for- in FCC Form 477. Affairs, Office of Management and
profit. Among other rules changes, the Budget, New Executive Office Building,
Number of Respondents and Business Data Services Report and Washington, DC 20503.
Responses: 13 respondents; 66 Order repealed section 1.774, which set FOR FURTHER INFORMATION CONTACT:
responses. forth requirements for pricing flexibility Manny Cabeza at the FDIC address
Estimated Time per Response: 3–80 applications, and added section 1.776, noted above.
hours. which limits the circumstances under
Frequency of Response: One-time SUPPLEMENTARY INFORMATION: Proposal
which price cap LECs must file their
reporting requirement; on-occasion business data services contracts as to renew the following currently
reporting requirement; third-party contract-based tariffs. The Commission approved collections of information:
disclosure requirement. also amended section 69.701 of its rules 1. Title: Record Keeping, Reporting
Obligation To Respond: Required to to specify that its pricing flexibility and Disclosure Requirements in
obtain or retain benefits. Statutory rules no longer apply to business data Connection with the Equal Credit
sradovich on DSK3GMQ082PROD with NOTICES
authority for this information collection services. Opportunity Act Regulation B.
is contained in 47 U.S.C. 1, 4(i)–(j), 201– OMB Number: 3064–0085.
Federal Communications Commission. Form Number: None.
205, and 303(r) of the Communications
Act of 1934, as amended, 47 U.S.C. 151, Marlene H. Dortch, Affected Public: Insured state
154(i)–(j), 201–205, and 303(r). Secretary, Office of the Secretary. nonmember banks and state savings
Total Annual Burden: 1,256 hours. [FR Doc. 2017–14217 Filed 7–5–17; 8:45 am] associations.
Total Annual Cost: $61,050. BILLING CODE 6712–01–P Burden Estimate:
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![Federal Register / Vol. 82, No. 128 / Thursday, July 6, 2017 / Notices 31327
institutions.2 Since this total debt held Federal Emergency Management Agency FEDERAL RESERVE SYSTEM
by banks is close to the value of these as being subject to special flood hazards.
real estate loans from Call Report data, The Riegle Community Development Proposed Agency Information
we have confidence that we can meld Act requires that each institution also Collection Activities; Comment
the data sets for estimation purposes. provide a copy of the notice to the Request
We therefore assume that 32.4% of the servicer of the loan (if different from the AGENCY: Board of Governors of the
value of flood insurance policies will be originating lender). Federal Reserve System.
held by U.S. commercial banks: $401
Request for Comment ACTION: Notice, request for comment.
billion.
In the absence of any data on the Comments are invited on: (a) Whether SUMMARY: The Board of Governors of the
number of real estate loans with flood the collections of information are Federal Reserve System (Board) invites
insurance at any bank, we resort to necessary for the proper performance of comment on a proposal to extend for
apportion 32.4% of the number of flood the FDIC’s functions, including whether three years, without revision, the
insurance policies (1,614,801) to the information has practical utility; (b) Government Securities Dealers Reports
commercial banks, and 27.9% of those the accuracy of the estimates of the (FR 2004; OMB No. 7100–0003) and a
to FDIC-regulated institutions (451,177). burden of the information collections, proposal to extend for three years, with
Because the value of property varies including the validity of the revision, the voluntary Weekly Report of
greatly between different geographical methodology and assumptions used; (c) Selected Assets and Liabilities of
regions and different banks, it is ways to enhance the quality, utility, and Domestically Chartered Commercial
doubtful that this estimation of the clarity of the information to be Banks and U.S. Branches and Agencies
number of policies is accurate. collected; and (d) ways to minimize the of Foreign Banks (FR 2644; OMB No.
However, there exists no other burden of the collections of information 7100–0075).
reasonable method for deriving the on respondents, including through the On June 15, 1984, the Office of
number of policies at each bank given use of automated collection techniques Management and Budget (OMB)
available data. or other forms of information delegated to the Board authority under
Next, we apportioned the 451,177 technology. All comments will become the Paperwork Reduction Act (PRA) to
flood insurance policies to each FDIC- a matter of public record. approve of and assign OMB control
regulated institution according to its Dated at Washington, DC, this 30th day of numbers to collection of information
share of real estate loans to total real June, 2017. requests and requirements conducted or
estate loans. The resulting Federal Deposit Insurance Corporation. sponsored by the Board. In exercising
apportionment results in an average of Robert E. Feldman, this delegated authority, the Board is
121 policies per bank, and a median of Executive Secretary. directed to take every reasonable step to
30 policies per bank. Because the solicit comment. In determining
[FR Doc. 2017–14151 Filed 7–5–17; 8:45 am]
average is skewed by the large number whether to approve a collection of
BILLING CODE 6714–01–P
of policies at large banks, we believe the information, the Board will consider all
median is a better measure for comments received from the public and
calculating burden hours. other agencies.
Our subject-matter experts (SMEs) for FEDERAL ELECTION COMMISSION
DATES: Comments must be submitted on
this rule believe that the total burden to
the public for complying with this rule Sunshine Act Meeting or before September 5, 2017.
is 1.0 hours per policy. We find four ADDRESSES: You may submit comments,
AGENCY: Federal Election Commission.
PRA related tasks in this rule: (1) identified by FR 2004 or FR 2644, by
DATE & TIME: Tuesday, July 11, 2017 at
Disclosure to Borrowers, (2) Disclosure any of the following methods:
10:00 a.m. and its Continuation at the • Agency Web site: http://
to Servicers, (3) Reporting to FEMA of Conclusion of the open meeting on July
Changes in Coverage, and (4) www.federalreserve.gov. Follow the
13, 2017. instructions for submitting comments at
Recordkeeping for tasks 1–3 above. We PLACE: 999 E Street NW., Washington,
assume that Recordkeeping will http://www.federalreserve.gov/apps/
DC. foia/proposedregs.aspx.
comprise 1⁄2 hour, and the remaining 1⁄2 STATUS: This meeting will be closed to • Federal eRulemaking Portal: http://
is split between the other tasks. We the public. www.regulations.gov. Follow the
assume that 90% of policies will
ITEMS TO BE DISCUSSED: Compliance instructions for submitting comments.
involve a new origination, and 10% of
matters pursuant to 52 U.S.C. 30109. • Email: regs.comments@
policies will involve a change in status.
Information the premature disclosure federalreserve.gov. Include OMB
With 3,718 respondents holding a
of which would be likely to have a number in the subject line of the
median of 30 policies and 1 hour of
considerable adverse effect on the message.
burden per policy, we calculate a total • Fax: (202) 452–3819 or (202) 452–
implementation of a proposed
burden of 111,540 hours. This burden is 3102.
Commission action.
apportioned to each task as shown in Matters concerning participation in • Mail: Ann E. Misback, Secretary,
Table 1 above. civil actions or proceedings or Board of Governors of the Federal
General Description of Collection: Reserve System, 20th Street and
arbitration.
Each supervised lending institution is Constitution Avenue NW., Washington,
currently required to provide a notice of * * * * *
DC 20551.
sradovich on DSK3GMQ082PROD with NOTICES
special flood hazards to each borrower PERSON TO CONTACT FOR INFORMATION:
Judith Ingram, Press Officer, Telephone: All public comments are available from
with a loan secured by a building or
(202) 694–1220. the Board’s Web site at http://
mobile home located or to be located in
www.federalreserve.gov/apps/foia/
an area identified by the Director of the Laura E. Sinram, proposedregs.aspx as submitted, unless
2 https://www.federalreserve.gov/econresdata/
Acting Deputy Secretary of the Commission. modified for technical reasons.
releases/mortoutstand/mortoutstand20170331.htm [FR Doc. 2017–14285 Filed 7–3–17; 4:15 pm] Accordingly, your comments will not be
(accessed June 15, 2017). BILLING CODE 6715–01–P edited to remove any identifying or
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Document Created: 2017-07-06 01:04:48
Document Modified: 2017-07-06 01:04:48
| 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 September 5, 2017. | |
| FR Citation | 82 FR 31325 |
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