82 FR 3319 - Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0018 & -0137)
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 82, Issue 7 (January 11, 2017)
Federal Register Volume 82, Issue 7 (January 11, 2017)
| Page Range | 3319-3320 | |
| FR Document | 2017-00362 |
[Federal Register Volume 82, Number 7 (Wednesday, January 11, 2017)] [Notices] [Pages 3319-3320] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-00362] ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0018 & -0137) 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 (44 U.S.C. 3501, et seq.). On October 27, 2016, (81 FR 74802), 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 February 10, 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: Application Pursuant to Section 19 of the Federal Deposit Insurance Act. OMB Number: 3064-0018. Form Number: FDIC 6710/07. Affected Public: Insured Depository Institutions. Burden Estimate -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Estimated Estimated Total annual Type of burden number of number of time per Frequency of response estimated respondents responses response burden (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- APPLICATION PURSUANT TO SECTION 19 OF Reporting............... 75 1 16 On Occasion............ 1,200 THE FEDERAL DEPOSIT INSURANCE ACT. rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr TOTAL HOURLY BURDEN.............. 1,200 -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: Section 19 of the Federal Deposit Insurance Act (FDI), 12 U.S.C. Section 1829, requires the FDIC's consent prior to any participation in the affairs of an insured depository institution by a person who has been convicted of crimes involving dishonesty or breach of trust, and included drug-related convictions. To obtain that consent, an insured depository institution must submit an application to the FDIC for approval on Form FDIC 6710/ 07. 2. Title: Interagency Guidance on Asset Securitization Activities OMB Number: 3064-0137. Form Number: None. Affected Public: Insured State Nonmember Banks and Savings Associations. Burden Estimate -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Estimated Estimated Total annual Type of burden number of number of time per Frequency of response estimated respondents responses response burden (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- Asset Securitization Policies--New Recordkeeping........... 1 1 32 On Occasion............ 32 Entrant. Asset Securitization Policies-- Recordkeeping........... 2 1 3 On Occasion............ 6 Upgrades of Policies. Documentation of Fair Value.......... Recordkeeping........... 22 1 4 On Occasion............ 88 MIS Improvements--New Entrant........ Recordkeeping........... 1 1 21 On Occasion............ 21 MIS Improvements--Systems Upgrades... Recordkeeping........... 2 1 5 On Occasion............ 10 rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr TOTAL HOURLY BURDEN.............. 157 -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: The Interagency Guidance on Asset Securitization Activities informs bankers and examiners of safe and sound practices regarding asset securitization. The information [[Page 3320]] collections contained in the Interagency Guidance are needed by institutions to manage their asset securitization activities in a safe and sound manner. Bank management uses this information as the basis for the safe and sound operation of their asset securitization activities and to ensure that they minimize operational risk in these activities. 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 collections of information, 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 5th day of January 2017. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. 2017-00362 Filed 1-10-17; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 82, No. 7 / Wednesday, January 11, 2017 / Notices 3319
Federal Deposit Insurance Corporation. (44 U.S.C. 3501, et seq.). On October 27, • Hand Delivery: Comments may be
Valerie J. Best, 2016, (81 FR 74802), the FDIC requested hand-delivered to the guard station at
Assistant Executive Secretary. comment for 60 days on a proposal to the rear of the 17th Street Building
[FR Doc. 2017–00361 Filed 1–10–17; 8:45 am] renew the information collections (located on F Street), on business days
BILLING CODE 6714–01–P
described below. No comments were between 7:00 a.m. and 5:00 p.m.
received. The FDIC hereby gives notice All comments should refer to the
of its plan to submit to OMB a request relevant OMB control number. A copy
FEDERAL DEPOSIT INSURANCE to approve the renewal of these of the comments may also be submitted
CORPORATION collections, and again invites comment to the OMB desk officer for the FDIC:
on this renewal. Office of Information and Regulatory
Agency Information Collection Affairs, Office of Management and
DATES: Comments must be submitted on
Activities: Submission for OMB Budget, New Executive Office Building,
or before February 10, 2017.
Review; Comment Request (3064–0018 Washington, DC 20503.
& –0137) ADDRESSES: Interested parties are FOR FURTHER INFORMATION CONTACT:
invited to submit written comments to Jennifer Jones, at the FDIC address
AGENCY: Federal Deposit Insurance the FDIC by any of the following
Corporation (FDIC). above.
methods:
ACTION: Notice and request for comment. SUPPLEMENTARY INFORMATION: Proposal
• http://www.FDIC.gov/regulations/
to renew the following currently-
laws/federal/notices.html.
SUMMARY: The FDIC, as part of its approved collections of information:
continuing effort to reduce paperwork • Email: comments@fdic.gov. Include 1. Title: Application Pursuant to
and respondent burden, invites the the name and number of the collection Section 19 of the Federal Deposit
general public and other Federal in the subject line of the message. Insurance Act.
agencies to take this opportunity to • Mail: Jennifer Jones (202–898– OMB Number: 3064–0018.
comment on the renewal of existing 6768), Counsel, MB–3105, Federal Form Number: FDIC 6710/07.
information collections, as required by Deposit Insurance Corporation, 550 17th Affected Public: Insured Depository
the Paperwork Reduction Act of 1995 Street NW., Washington, DC 20429. Institutions.
BURDEN ESTIMATE
Total annual
Estimated Estimated Estimated Frequency estimated
Type of burden number of number of time per of burden
respondents responses response response (hours)
APPLICATION PURSUANT TO Reporting ........... 75 1 16 On Occasion ...... 1,200
SECTION 19 OF THE FEDERAL
DEPOSIT INSURANCE ACT.
TOTAL HOURLY BURDEN .... 1,200
General Description of Collection: crimes involving dishonesty or breach 2. Title: Interagency Guidance on
Section 19 of the Federal Deposit of trust, and included drug-related Asset Securitization Activities
Insurance Act (FDI), 12 U.S.C. Section convictions. To obtain that consent, an OMB Number: 3064–0137.
1829, requires the FDIC’s consent prior insured depository institution must Form Number: None.
to any participation in the affairs of an submit an application to the FDIC for Affected Public: Insured State
insured depository institution by a approval on Form FDIC 6710/07. Nonmember Banks and Savings
person who has been convicted of Associations.
BURDEN ESTIMATE
Total annual
Estimated Estimated Estimated Frequency estimated
Type of burden number of number of time per of burden
respondents responses response response (hours)
Asset Securitization Policies—New Recordkeeping ... 1 1 32 On Occasion ...... 32
Entrant.
Asset Securitization Policies—Up- Recordkeeping ... 2 1 3 On Occasion ...... 6
grades of Policies.
Documentation of Fair Value .......... Recordkeeping ... 22 1 4 On Occasion ...... 88
MIS Improvements—New Entrant .. Recordkeeping ... 1 1 21 On Occasion ...... 21
MIS Improvements—Systems Up- Recordkeeping ... 2 1 5 On Occasion ...... 10
sradovich on DSK3GMQ082PROD with NOTICES
grades.
TOTAL HOURLY BURDEN .... 157
General Description of Collection: The Securitization Activities informs sound practices regarding asset
Interagency Guidance on Asset bankers and examiners of safe and securitization. The information
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![3320 Federal Register / Vol. 82, No. 7 / Wednesday, January 11, 2017 / Notices
collections contained in the Interagency DATES: Interested persons may submit A. Background
Guidance are needed by institutions to comments on or before February 10, The Federal Home Loan Bank System
manage their asset securitization 2017. consists of eleven regional Federal
activities in a safe and sound manner. ADDRESSES: Submit comments to the Home Loan Banks (Banks) and the
Bank management uses this information Office of Information and Regulatory Office of Finance (a joint office of the
as the basis for the safe and sound Affairs of the Office of Management and Banks that issues and services their debt
operation of their asset securitization Budget, Attention: Desk Officer for the securities). The Banks are wholesale
activities and to ensure that they Federal Housing Finance Agency, financial institutions, organized under
minimize operational risk in these Washington, DC 20503, Fax: (202) 395– authority of the Federal Home Loan
activities. 3047, Email: OIRA_submission@ Bank Act (Bank Act) to serve the public
Request for Comment omb.eop.gov. Please also submit interest by enhancing the availability of
comments to FHFA, identified by residential housing finance and
Comments are invited on: (a) Whether ‘‘Proposed Collection; Comment community lending credit through their
the collections of information are Request: ‘Community Support member institutions and, to a limited
necessary for the proper performance of Requirements, (No. 2017–N–01)’ ’’ by extent, through eligible non-member
the FDIC’s functions, including whether any of the following methods: ‘‘housing associates.’’ 1 Each Bank is
the information has practical utility; (b) • Agency Web site: www.fhfa.gov/ structured as a regional cooperative that
the accuracy of the estimates of the open-for-comment-or-input. is owned and controlled by member
burden of the collections of information, • Federal eRulemaking Portal: http:// financial institutions located within its
including the validity of the www.regulations.gov. Follow the district, which are also its primary
methodology and assumptions used; (c) instructions for submitting comments. If customers.
ways to enhance the quality, utility, and you submit your comment to the Section 10(g)(1) of the Bank Act
clarity of the information to be Federal eRulemaking Portal, please also requires the Director of FHFA to
collected; and (d) ways to minimize the send it by email to FHFA at promulgate regulations establishing
burden of the collections of information RegComments@fhfa.gov to ensure standards of community investment or
on respondents, including through the timely receipt by the agency. service that Bank member institutions
use of automated collection techniques • Courier/Hand Delivery, U.S. Mail, must meet in order to maintain access
or other forms of information United Parcel Service, Federal Express, to long-term advances (i.e., loans with a
technology. All comments will become or Other Mail Service: The mailing maturity of five years or greater made by
a matter of public record. address for comments is: Alfred M. a Bank to a member).2 Section 10(g)(2)
Dated at Washington, DC, this 5th day of Pollard, General Counsel, Federal of the Bank Act requires that, in
January 2017. Housing Finance Agency, 400 Seventh establishing these community support
Federal Deposit Insurance Corporation. Street SW., Eighth Floor, Washington, requirements for Bank members, FHFA
Valerie J. Best, DC 20219. Courier/Hand Delivery take into account factors such as the
Assistant Executive Secretary. packages must be delivered on business member’s performance under the
days between 9 a.m. and 5 p.m. Community Reinvestment Act of 1977
[FR Doc. 2017–00362 Filed 1–10–17; 8:45 am]
We will post all public comments we (CRA)3 and record of lending to first-
BILLING CODE 6714–01–P
receive without change, including any time homebuyers.4 FHFA’s community
personal information you provide, such support regulation, which establishes
as your name and address, email standards and review criteria for
FEDERAL HOUSING FINANCE address, and telephone number, on the determining compliance with section
AGENCY FHFA Web site at http://www.fhfa.gov. 10(g) of the Bank Act, is set forth at 12
[No. 2017–N–01] In addition, copies of all comments CFR part 1290.
received will be available for Part 1290 requires that each Bank
Proposed Collection; Comment examination by the public on business member submit to FHFA biennially a
Request days between the hours of 10 a.m. and completed Community Support
3 p.m., at the Federal Housing Finance Statement (Form 060), which contains
AGENCY: Federal Housing Finance several short questions the answers to
Agency. Agency, Eighth Floor, 400 Seventh
Street SW., Washington, DC 20219. To which are used by FHFA to assess the
ACTION: 30-day notice of submission of responding member’s compliance with
make an appointment to inspect
information collection for approval from comments, please call the Office of the community support standards.5
Office of Management and Budget. General Counsel at (202) 649–3804. Previously, this was accomplished by
FOR FURTHER INFORMATION CONTACT:
requiring approximately one-eighth of
SUMMARY: In accordance with the
Deattra D. Perkins, Senior Policy all members to submit a completed
requirements of the Paperwork
Analyst, Division of Housing Mission & Form in each calendar quarter of a two-
Reduction Act of 1995, the Federal year review cycle. Under new
Housing Finance Agency (FHFA or the Goals, Deattra.Perkins@fhfa.gov, (202)
649–3133; or Sylvia C. Martinez, streamlined procedures that FHFA is in
Agency) is seeking public comments the process of implementing, all
concerning the information collection Manager, Federal Home Loan Bank
members subject to community support
known as ‘‘Community Support Housing and Community Investment
review will be required to submit a
Requirements,’’ which was assigned Programs, Division of Housing Mission
control number 2590–0005 by the Office & Goals, Sylvia.Martinez@fhfa.gov, (202)
sradovich on DSK3GMQ082PROD with NOTICES
1 Certain non-member entities are permitted by
of Management and Budget (OMB). 649–3301 (these are not toll-free statute to engage in limited business activities with
FHFA intends to submit the information numbers); Federal Housing Finance a Bank. See 12 U.S.C. 1430b. FHFA’s regulations
collection to OMB for review and Agency, 400 Seventh Street SW., refer to these entities as ‘‘housing associates.’’ See
12 CFR part 1264.
approval of a reinstatement of the Washington, DC 20219. The 2 See 12 U.S.C. 1430(g)(1).
control number, which expired on Telecommunications Device for the 3 12 U.S.C. 2901 et seq.
February 29, 2016, for a period of three Hearing Impaired is (800) 877–8339. 4 See 12 U.S.C. 1430(g)(2).
years. SUPPLEMENTARY INFORMATION: 5 See 12 CFR 1290.2(b).
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Document Created: 2018-02-01 14:59:38
Document Modified: 2018-02-01 14:59:38
| 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 February 10, 2017. | |
| FR Citation | 82 FR 3319 |
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