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)

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.

[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]


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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.

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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 (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