82_FR_35089 82 FR 34946 - Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0092; -0149 & -0182)

82 FR 34946 - Agency Information Collection Activities: Submission for OMB Review; Comment Request (3064-0092; -0149 & -0182)

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 82, Issue 143 (July 27, 2017)

Page Range34946-34949
FR Document2017-15711

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 May 17, 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 Issue 143 (Thursday, July 27, 2017)
[Federal Register Volume 82, Number 143 (Thursday, July 27, 2017)]
[Notices]
[Pages 34946-34949]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-15711]


=======================================================================
-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (3064-0092; -0149 & -0182)

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 May 17, 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

[[Page 34947]]

to approve the renewal of these collections, and again invites comment 
on this renewal.

DATES: Comments must be submitted on or before August 28, 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, (202-898-3767), Counsel, 
MB-3007, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429.

SUPPLEMENTARY INFORMATION: 

Proposal To Renew the Following Currently Approved Collections of 
Information

    1. Title: Community Reinvestment Act.
    OMB Number: 3064-0092.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

----------------------------------------------------------------------------------------------------------------
                                                                                                        Total
                                                                           Estimated     Average      estimated
     Source and type of burden                   Description               number of    estimated      annual
                                                                          respondents    time per      burden
                                                                                         response      (hours)
----------------------------------------------------------------------------------------------------------------
345.25(b) Reporting................  Request for designation as a                   1            4             4
                                      wholesale or limited purpose bank--
                                      Banks requesting this designation
                                      shall file a request in writing
                                      with the FDIC at least 3 months
                                      prior to the proposed effective
                                      date of the designation.
345.27 Reporting...................  Strategic plan--Applies to banks               7          400         2,800
                                      electing to submit strategic plans
                                      to the FDIC for approval.
345.42(b)(1) Reporting.............  Small business/small farm loan             * 393            8         3,144
                                      data--Large banks shall and Small
                                      banks may report annually in
                                      machine readable form the
                                      aggregate number and amount of
                                      certain loans.
345.42(b)(2) Reporting.............  Community development loan data--          * 393           13         5,109
                                      Large banks shall and Small banks
                                      may report annually, in machine
                                      readable form, the aggregate
                                      number and aggregate amount of
                                      community development loans
                                      originated or purchased.
345.42(b)(3) Reporting.............  Home mortgage loans--Large banks,          * 393          253        99,429
                                      if subject to reporting under part
                                      203 (Home Mortgage Disclosure
                                      (HMDA)), shall, and Small banks
                                      may report the location of each
                                      home mortgage loan application,
                                      origination, or purchase outside
                                      the MSA in which the bank has a
                                      home/branch office.
345.42(d) Reporting................  Data on affiliate lending--Banks             200           38         7,600
                                      that elect to have the FDIC
                                      consider loans by an affiliate,
                                      for purposes of the lending or
                                      community development test or an
                                      approved strategic plan, shall
                                      collect, maintain and report the
                                      data that the bank would have
                                      collected, maintained, and
                                      reported pursuant to Sec.
                                      345.42(a), (b), and (c) had the
                                      loans been originated or purchased
                                      by the bank. For home mortgage
                                      loans, the bank shall also be
                                      prepared to identify the home
                                      mortgage loans reported under HMDA.
345.42(e) Reporting................  Data on lending by a consortium or            75           17         1,275
                                      a third party--Banks that elect to
                                      have the FDIC consider community
                                      development loans by a consortium
                                      or a third party, for purposes of
                                      the lending or community
                                      development tests or an approved
                                      strategic plan, shall report for
                                      those loans the data that the bank
                                      would have reported under Sec.
                                      345.42(b)(2) had the loans been
                                      originated or purchased by the
                                      bank.
345.42(g) Reporting................  Assessment area data--Large banks          * 393            2           786
                                      shall and Small banks may collect
                                      and report to the FDIC a list for
                                      each assessment area showing the
                                      geographies within the area.
                                                                         ---------------------------------------
    Total Reporting................  ...................................  ...........  ...........       120,147
345.42(a) Recordkeeping............  Small business/small farm loan             * 393          219        86,067
                                      register--Large banks shall and
                                      Small banks may collect and
                                      maintain certain date in machine-
                                      readable form.
345.42(c) Recordkeeping............  Optional consumer loan data--All              75          326        24,450
                                      banks may collect and maintain in
                                      machine readable form certain data
                                      for consumer loans originated or
                                      purchased by a bank for
                                      consideration under the lending
                                      test..
345.42(c)(2) Recordkeeping.........  Other loan data--All banks                   100           25         2,500
                                      optionally may provide other
                                      information concerning their
                                      lending performance, including
                                      additional loan distribution data.
                                                                         ---------------------------------------
    Total Recordkeeping............  ...................................  ...........  ...........       113,017

[[Page 34948]]

 
345.41(a) 345.43(a); (a)(1);         Content and availability of public         3,971           10        39,710
 (a)(2); (a)(3); (a)(4); (a)(5);      file--All banks shall maintain a
 (a)(6); (a)(7); (b)(1); (b)(2);      public file that contains certain
 (b)(3); (b)(4); (b)(5); (c); (d)     required information.
 Disclosure.
                                                                         ---------------------------------------
    Total Disclosure...............  ...................................  ...........  ...........        39,710
                                                                         ---------------------------------------
        Total Estimated Annual       ...................................  ...........  ...........      272,874
         Burden.
----------------------------------------------------------------------------------------------------------------
* The number of Large Banks reporting decreased from 253 to 243. However, 150 Small Banks are voluntarily
  collecting and reporting data, and the number of respondents has been adjusted to reflect this.

    General Description of Collection: The Community Reinvestment Act 
regulation requires the FDIC to assess the record of banks and thrifts 
in helping meet the credit needs of their entire communities, including 
low- and moderate-income neighborhoods, consistent with safe and sound 
operations; and to take this record into account in evaluating 
applications for mergers, branches, and certain other corporate 
activities.
    There is no change in the method or substance of the collection. 
The overall increase in burden hours is a result of an increase in the 
number of Small Banks electing to voluntarily respond in certain 
categories. The increase is also, in small part, due to an adjustment 
in the agency's estimate of the time required to submit strategic plan 
applications from 275 hours per respondent to 400 hours per respondent.
    2. Title: Affiliate Marketing Consumer Opt-Out Notices.
    OMB Number: 3064-0149.
    Form Number: None.
    Affected Public: Insured state nonmember banks, state savings 
associations that have affiliates and consumers that have a 
relationship with the foregoing.
    Burden Estimate:

----------------------------------------------------------------------------------------------------------------
                                                                                                       Total
                                          Estimated        Estimated time per      Frequency of      estimated
            Type of burden                number of             response             response      annual burden
                                         respondents                                                  (hours)
----------------------------------------------------------------------------------------------------------------
Implementation.......................           \1\ 8  18 hours.................               1             144
Ongoing..............................         \2\ 990  2 hours..................               1           1,980
Consumer Opt-Out.....................     \3\ 857,027  5 minutes................               1          71,419
                                      --------------------------------------------------------------------------
    Total Estimated Annual Burden....  ..............  .........................  ..............         73,543
----------------------------------------------------------------------------------------------------------------
\1\ According to data from the Federal Reserve's National Information Center (NIC), there were 3,063 FDIC
  supervised institutions with an affiliate as of March 31st, 2017. This is an increase of 23 institutions from
  March 31st, 2014, which had 3,040 institutions with affiliates. Based on the research and NIC data, it is
  reasonable to estimate that the population of institutions with affiliates will continue to grow by
  approximately 23 institutions over the next three years. Thus, FDIC anticipates approximately 8 institutions
  per year will have an implementation burden.
\2\ The number of respondents facing ongoing burden remains unchanged at 990.
\3\ The FDIC estimates that 95.4% of the 990 banks impacted by this information collection are community banks
  having an average of 12,098 consumers and the remaining 4.6% are non-community (larger) banks having an
  average of 124,745 consumers. The FDIC estimates that 5% of the 17,140,540 estimated consumers at these 990
  institutions (857,027 consumers) elect to Opt-Out of affiliate marketing information sharing.

    General Description of Collection: Section 214 of the FACT Act 
requires financial institutions that wish to share information about 
consumers with their affiliates, to inform such consumers that they 
have the opportunity to opt out of such marketing solicitations. The 
disclosure notices and consumer responses thereto comprise the elements 
of this collection of information.
    There is no change in the method or substance of this information 
collection. There has been a net increase in the estimated total annual 
burden primarily because of an upward adjustment in the agency's 
estimate of the number of consumers at FDIC-supervised institutions 
that elect to opt-out of affiliate marketing information sharing. The 
increase in burden due to the adjustment in the estimated number of 
consumers affected was offset by the fact that most banks have 
completed the implementation phase of the information collection; the 
estimated ongoing time per response for most affected institutions 
decreasing from 18 hours at implementation to 2 hours ongoing.
    3. Title: Retail Foreign Exchange Transactions.
    OMB Number: 3064-0182.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Burden Estimate:

----------------------------------------------------------------------------------------------------------------
                                                                                                Total  estimated
           Type of burden                Number of    Estimated time    Frequency of response     annual burden
                                        respondents    per response                                  (hours)
----------------------------------------------------------------------------------------------------------------
Reporting...........................               1              16  On Occasion.............                16

[[Page 34949]]

 
Recordkeeping.......................               1             166  On Occasion.............               166
Disclosure..........................               1           1,332  On Occasion.............             1,332
                                     ---------------------------------------------------------------------------
    Total Estimated Annual Burden...  ..............  ..............  ........................             1,514
----------------------------------------------------------------------------------------------------------------

    General Description of Collection: This information collection 
implements section 742(c)(2) of the Dodd-Frank Act (7 U.S.C. 2(c)(2)(E) 
and FDIC regulations governing retail foreign exchange transactions as 
set forth at 12 CFR part 349, subpart B. The regulation allows banking 
organizations under FDIC supervision to engage in off-exchange 
transactions in foreign currency with retail customers provided they 
comply with various reporting, recordkeeping and third-party disclosure 
requirements specified in the rule. If an institution elects to conduct 
such transactions, compliance with the information collection is 
mandatory.
    Reporting Requirements--Part 349, subpart B requires that, prior to 
initiating a retail foreign exchange business; a banking institution 
must provide the FDIC with a notice certifying that the institution has 
written policies and procedures, and risk measurement and management 
systems and controls in place to ensure that retail foreign exchange 
transactions are conducted in a safe and sound manner. The institution 
must also provide information about it intends to manage customer due 
diligence, new product approvals and haircuts applied to noncash 
margin.
    Recordkeeping Requirements--Part 349 subpart B requires that 
institutions engaging in retail foreign exchange transactions keep 
full, complete and systematic records of account, financial ledger, 
transaction, memorandum orders and post execution allocations of 
bunched orders. In addition, institutions are required to maintain 
records regarding their ratio of profitable accounts, possible 
violations of law, records of noncash margin and monthly statements and 
confirmations issued.
    Disclosure Requirements--The regulation requires that, before 
opening an account that will engage in retail foreign exchange 
transactions, a banking institution must obtain from each retail 
foreign exchange customer an acknowledgement of receipt and 
understanding of a written disclosure specified in the rule and of 
disclosures about the banking institution's fees and other charges and 
of its profitable accounts ratio. The institution must also provide 
monthly statements to each retail foreign exchange customer and must 
send confirmation statements following every transaction. The customer 
dispute resolution provisions of the regulation require certain 
endorsements, acknowledgements and signature language as well as the 
timely provision of a list of persons qualified to handle a customer's 
request for arbitration.
    There is no change in the method or substance of the collection. At 
present no FDIC-supervised institution is engaging in activities that 
would make them subject to the information collection requirements. 
FDIC originally estimated that 3 institutions would be impacted by the 
rule. The agency is reducing the estimated number of respondents to one 
(1) as a placeholder in case an institution elects to engage in covered 
activities in the future. There has been no change in the frequency of 
response or in the estimated number of hours required to respond. 
Because of the reduction in the estimated number of respondents from 
three (3) to one (1), the estimated annual burden has decreased.

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 21st day of July, 2017.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017-15711 Filed 7-26-17; 8:45 am]
 BILLING CODE 6714-01-P



                                                  34946                          Federal Register / Vol. 82, No. 143 / Thursday, July 27, 2017 / Notices

                                                  fcc.gov and to Cathy.Williams@fcc.gov.                      Number of Respondents and                          by or on behalf of applicants who wish
                                                  Include in the comments the OMB                          Responses: 70,152 respondents and                     to collocate an antenna or antennas on
                                                  control number as shown in the                           70,152 responses.                                     an existing communications tower or
                                                  SUPPLEMENTARY INFORMATION below.                            Estimated Time per Response: 1–5                   non-tower structure by or for the use of
                                                  FOR FURTHER INFORMATION CONTACT: For                     hours.                                                licensees of the FCC. The form is to be
                                                  additional information or copies of the                     Frequency of Response:                             submitted to the State historic
                                                  information collection, contact Cathy                    Recordkeeping requirement; on                         Preservation Office (‘‘SHPO’’) or to the
                                                  Williams at (202) 418–2918. To view a                    occasion reporting requirement; third                 Tribal Historic Preservation Office
                                                  copy of this information collection                      party disclosure requirement.                         (‘‘THPO’’), as appropriate, and the
                                                  request (ICR) submitted to OMB: (1) Go                      Obligation to Respond: Required to                 Commission before any construction or
                                                  to the Web page http://www.reginfo.gov/                  obtain or retain benefits. The statutory              other installation activities on the site
                                                  public/do/PRAMain, (2) look for the                      authority for this collection of                      begins. Failure to provide the form and
                                                  section of the Web page called                           information is contained in sections 1,               complete the review process under
                                                  ‘‘Currently Under Review,’’ (3) click on                 4(i), 303(q), 303(r), 309(a), 309(j) and              section 106 of the NHPA prior to
                                                  the downward-pointing arrow in the                       319 of the Communications Act of 1934,                beginning construction or other
                                                  ‘‘Select Agency’’ box below the                          as amended, 47 U.S.C. 151, 154(i),                    installation activities may violate
                                                  ‘‘Currently Under Review’’ heading, (4)                  303(q), 303(r), 309(a), 309(j) and 319,               section 110(k) of the NHPA and the
                                                  select ‘‘Federal Communications                          sections 101(d)(6) and 106 of the                     Commission’s rules.
                                                  Commission’’ from the list of agencies                   National Historic Preservation Act                       The Tower Construction Notification
                                                  presented in the ‘‘Select Agency’’ box,                  (NHPA) of 1966, 16 U.S.C. 470a(d)(6)                  System (TCNS) is used by or on behalf
                                                  (5) click the ‘‘Submit’’ button to the                   and 470f, and section 800.14(b) of the                of Applicants proposing to construct
                                                  right of the ‘‘Select Agency’’ box, (6)                  rules of the Advisory Council on                      new antenna support structures, and
                                                  when the list of FCC ICRs currently                      Historic Preservation, 36 CFR 800.14(b).              some collocations, to ensure that Tribal
                                                                                                              Total Annual Burden: 97,929 hours.                 Nations have the requisite opportunity
                                                  under review appears, look for the OMB                      Annual Cost Burden: $13,087,425.
                                                  control number of this ICR and then                                                                            to participate in review prior to
                                                                                                              Privacy Act Impact Assessment: No
                                                  click on the ICR Reference Number. A                                                                           construction. To facilitate this
                                                                                                           impact(s).
                                                  copy of the FCC submission to OMB                           Nature and Extent of Confidentiality:              coordination, Tribal Nations have
                                                  will be displayed.                                       In general there is no need for                       designated areas of geographic
                                                  SUPPLEMENTARY INFORMATION: As part of                    confidentiality. On a case by case basis,             preference, and they receive automated
                                                  its continuing effort to reduce                          the Commission may be required to                     notifications based on the site
                                                  paperwork burdens, and as required by                    withhold from disclosure certain                      coordinates provided in the filing.
                                                  the Paperwork Reduction Act (PRA) of                     information about the location,                       Applicants complete TCNS before filing
                                                  1995 (44 U.S.C. 3501–3520), the Federal                  character, or ownership of a historic                 a 620 or 621 and all the relevant data
                                                  Communications Commission (FCC or                        property, including traditional religious             is pre-populated on the 620 and 621
                                                  the Commission) invites the general                      sites.                                                when the forms are filed electronically.
                                                  public and other Federal agencies to                        Needs and Uses: FCC staff, State                   Federal Communications Commission.
                                                  take this opportunity to comment on the                  Historic Preservation Officers (SHPO),                Marlene H. Dortch,
                                                  following information collection.                        Tribal Historic Preservation Officers                 Secretary, Office of the Secretary.
                                                  Comments are requested concerning:                       (THPO) and the Advisory Council of                    [FR Doc. 2017–15828 Filed 7–26–17; 8:45 am]
                                                  Whether the proposed collection of                       Historic Preservation (ACHP) use the                  BILLING CODE 6712–01–P
                                                  information is necessary for the proper                  data to take such action as may be
                                                  performance of the functions of the                      necessary to ascertain whether a
                                                  Commission, including whether the                        proposed action may affect sites of
                                                                                                                                                                 FEDERAL DEPOSIT INSURANCE
                                                  information shall have practical utility;                cultural significance to tribal nations
                                                                                                                                                                 CORPORATION
                                                  the accuracy of the Commission’s                         and historic properties that are listed or
                                                  burden estimate; ways to enhance the                     eligible for listing on the National                  Agency Information Collection
                                                  quality, utility, and clarity of the                     Register as directed by section 106 of                Activities: Submission for OMB
                                                  information collected; ways to minimize                  the National Historic Preservation Act                Review; Comment Request (3064–
                                                  the burden of the collection of                          (NHPA) and the Commission’s rules.                    0092; –0149 & –0182)
                                                  information on the respondents,                             FCC Form 620, New Tower (NT)
                                                  including the use of automated                           Submission Packet is to be completed                  AGENCY: Federal Deposit Insurance
                                                  collection techniques or other forms of                  by or on behalf of applicants to                      Corporation (FDIC).
                                                  information technology; and ways to                      construct new antenna support                         ACTION: Notice and request for comment.
                                                  further reduce the information                           structures by or for the use of licensees
                                                  collection burden on small business                      of the FCC. The form is to be submitted               SUMMARY:    The FDIC, as part of its
                                                  concerns with fewer than 25 employees.                   to the State Historic Preservation Office             continuing effort to reduce paperwork
                                                     OMB Control No.: 3060–1039.                           (‘‘SHPO’’) or to the Tribal Historic                  and respondent burden, invites the
                                                     Title: Nationwide Programmatic                        Preservation Office (‘‘THPO’’), as                    general public and other Federal
                                                  Agreement Regarding the Section 106                      appropriate, and the Commission before                agencies to take this opportunity to
                                                  National Historic Preservation Act—                      any construction or other installation                comment on the renewal of existing
                                                  Review Process, WT Docket No. 03–128.                    activities on the site begins. Failure to             information collections, as required by
mstockstill on DSK30JT082PROD with NOTICES




                                                     Form No.: FCC Form 620 and 621,                       provide the form and complete the                     the Paperwork Reduction Act of 1995.
                                                  TCNS E-filing.                                           review process under section 106 of the               On May 17, 2017, the FDIC requested
                                                     Type of Review: Extension of a                        NHPA prior to beginning construction                  comment for 60 days on a proposal to
                                                  currently approved collection.                           may violate section 110(k) of the NHPA                renew the information collections
                                                     Respondents: Business or other for-                   and the Commission’s rules.                           described below. No comments were
                                                  profit entities; not-for-profit institutions;               FCC Form 621, Collocation (CO)                     received. The FDIC hereby gives notice
                                                  State, Local or Tribal Government.                       Submission Packet is to be completed                  of its plan to submit to OMB a request


                                             VerDate Sep<11>2014   19:17 Jul 26, 2017   Jkt 241001   PO 00000   Frm 00024   Fmt 4703   Sfmt 4703   E:\FR\FM\27JYN1.SGM   27JYN1


                                                                                  Federal Register / Vol. 82, No. 143 / Thursday, July 27, 2017 / Notices                                                                                                 34947

                                                  to approve the renewal of these                                    Deposit Insurance Corporation, 550 17th                                        Counsel, MB–3007, Federal Deposit
                                                  collections, and again invites comment                             Street NW., Washington, DC 20429.                                              Insurance Corporation, 550 17th Street
                                                  on this renewal.                                                      • Hand Delivery: Comments may be                                            NW., Washington, DC 20429.
                                                  DATES: Comments must be submitted on
                                                                                                                     hand-delivered to the guard station at                                         SUPPLEMENTARY INFORMATION:
                                                  or before August 28, 2017.                                         the rear of the 17th Street Building
                                                                                                                     (located on F Street), on business days                                        Proposal To Renew the Following
                                                  ADDRESSES: Interested parties are                                  between 7:00 a.m. and 5:00 p.m.                                                Currently Approved Collections of
                                                  invited to submit written comments to                                 All comments should refer to the                                            Information
                                                  the FDIC by any of the following                                   relevant OMB control number. A copy
                                                  methods:                                                           of the comments may also be submitted                                            1. Title: Community Reinvestment
                                                    • http://www.FDIC.gov/regulations/                               to the OMB desk officer for the FDIC:                                          Act.
                                                  laws/federal/notices.html.                                         Office of Information and Regulatory                                             OMB Number: 3064–0092.
                                                    • Email: comments@fdic.gov. Include                              Affairs, Office of Management and                                                Form Number: None.
                                                  the name and number of the collection                              Budget, New Executive Office Building,                                           Affected Public: Insured state
                                                  in the subject line of the message.                                Washington, DC 20503.                                                          nonmember banks and state savings
                                                    • Mail: Manny Cabeza (202–898–                                   FOR FURTHER INFORMATION CONTACT:                                               associations.
                                                  3767), Counsel, MB–3007, Federal                                   Manny Cabeza, (202–898–3767),                                                    Burden Estimate:

                                                                                                                                                                                                                                                          Total
                                                                                                                                                                                                                                   Average
                                                                                                                                                                                                          Estimated                                     estimated
                                                                                                                                                                                                                                  estimated
                                                    Source and type of burden                                                         Description                                                         number of                                    annual bur-
                                                                                                                                                                                                                                   time per
                                                                                                                                                                                                         respondents                                       den
                                                                                                                                                                                                                                  response               (hours)

                                                  345.25(b) Reporting .............      Request for designation as a wholesale or limited purpose bank—                                                                  1                       4              4
                                                                                           Banks requesting this designation shall file a request in writing
                                                                                           with the FDIC at least 3 months prior to the proposed effective
                                                                                           date of the designation.
                                                  345.27 Reporting ..................    Strategic plan—Applies to banks electing to submit strategic plans                                                               7                   400            2,800
                                                                                           to the FDIC for approval.
                                                  345.42(b)(1) Reporting .........       Small business/small farm loan data—Large banks shall and Small                                                             * 393                       8           3,144
                                                                                           banks may report annually in machine readable form the aggre-
                                                                                           gate number and amount of certain loans.
                                                  345.42(b)(2) Reporting .........       Community development loan data—Large banks shall and Small                                                                 * 393                      13           5,109
                                                                                           banks may report annually, in machine readable form, the aggre-
                                                                                           gate number and aggregate amount of community development
                                                                                           loans originated or purchased.
                                                  345.42(b)(3) Reporting .........       Home mortgage loans—Large banks, if subject to reporting under                                                              * 393                    253           99,429
                                                                                           part 203 (Home Mortgage Disclosure (HMDA)), shall, and Small
                                                                                           banks may report the location of each home mortgage loan appli-
                                                                                           cation, origination, or purchase outside the MSA in which the
                                                                                           bank has a home/branch office.
                                                  345.42(d) Reporting .............      Data on affiliate lending—Banks that elect to have the FDIC con-                                                              200                      38           7,600
                                                                                           sider loans by an affiliate, for purposes of the lending or commu-
                                                                                           nity development test or an approved strategic plan, shall collect,
                                                                                           maintain and report the data that the bank would have collected,
                                                                                           maintained, and reported pursuant to § 345.42(a), (b), and (c)
                                                                                           had the loans been originated or purchased by the bank. For
                                                                                           home mortgage loans, the bank shall also be prepared to identify
                                                                                           the home mortgage loans reported under HMDA.
                                                  345.42(e) Reporting .............      Data on lending by a consortium or a third party—Banks that elect                                                               75                     17           1,275
                                                                                           to have the FDIC consider community development loans by a
                                                                                           consortium or a third party, for purposes of the lending or com-
                                                                                           munity development tests or an approved strategic plan, shall re-
                                                                                           port for those loans the data that the bank would have reported
                                                                                           under § 345.42(b)(2) had the loans been originated or purchased
                                                                                           by the bank.
                                                  345.42(g) Reporting .............      Assessment area data—Large banks shall and Small banks may                                                                  * 393                        2            786
                                                                                           collect and report to the FDIC a list for each assessment area
                                                                                           showing the geographies within the area.

                                                      Total Reporting ..............     .............................................................................................................   ....................   ....................       120,147
                                                  345.42(a) Recordkeeping .....          Small business/small farm loan register—Large banks shall and                                                               * 393                    219           86,067
                                                                                            Small banks may collect and maintain certain date in machine-
                                                                                            readable form.
                                                  345.42(c) Recordkeeping .....          Optional consumer loan data—All banks may collect and maintain                                                                  75                   326           24,450
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                                                                                            in machine readable form certain data for consumer loans origi-
                                                                                            nated or purchased by a bank for consideration under the lending
                                                                                            test..
                                                  345.42(c)(2) Recordkeeping             Other loan data—All banks optionally may provide other information                                                            100                      25           2,500
                                                                                            concerning their lending performance, including additional loan
                                                                                            distribution data.

                                                       Total Recordkeeping .....         .............................................................................................................   ....................   ....................       113,017



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                                                  34948                                    Federal Register / Vol. 82, No. 143 / Thursday, July 27, 2017 / Notices

                                                                                                                                                                                                                                                                      Total
                                                                                                                                                                                                                                            Average
                                                                                                                                                                                                                   Estimated                                        estimated
                                                                                                                                                                                                                                           estimated
                                                    Source and type of burden                                                                  Description                                                         number of                                       annual bur-
                                                                                                                                                                                                                                            time per
                                                                                                                                                                                                                  respondents                                          den
                                                                                                                                                                                                                                           response                  (hours)

                                                  345.41(a) 345.43(a); (a)(1);                    Content and availability of public file—All banks shall maintain a                                                         3,971                       10             39,710
                                                    (a)(2); (a)(3); (a)(4); (a)(5);                 public file that contains certain required information.
                                                    (a)(6); (a)(7); (b)(1); (b)(2);
                                                    (b)(3); (b)(4); (b)(5); (c);
                                                    (d) Disclosure.

                                                        Total Disclosure ............             .............................................................................................................   ....................   ....................           39,710

                                                               Total Estimated An-                .............................................................................................................   ....................   ....................          272,874
                                                                 nual Burden.
                                                    * The number of Large Banks reporting decreased from 253 to 243. However, 150 Small Banks are voluntarily collecting and reporting data,
                                                  and the number of respondents has been adjusted to reflect this.


                                                    General Description of Collection: The                                     There is no change in the method or                                             2. Title: Affiliate Marketing Consumer
                                                  Community Reinvestment Act                                                 substance of the collection. The overall                                        Opt-Out Notices.
                                                  regulation requires the FDIC to assess                                     increase in burden hours is a result of                                           OMB Number: 3064–0149.
                                                  the record of banks and thrifts in                                         an increase in the number of Small
                                                  helping meet the credit needs of their                                                                                                                       Form Number: None.
                                                                                                                             Banks electing to voluntarily respond in
                                                  entire communities, including low- and                                     certain categories. The increase is also,                                         Affected Public: Insured state
                                                  moderate-income neighborhoods,                                             in small part, due to an adjustment in                                          nonmember banks, state savings
                                                  consistent with safe and sound                                             the agency’s estimate of the time                                               associations that have affiliates and
                                                  operations; and to take this record into                                   required to submit strategic plan                                               consumers that have a relationship with
                                                  account in evaluating applications for                                     applications from 275 hours per                                                 the foregoing.
                                                  mergers, branches, and certain other                                       respondent to 400 hours per respondent.                                           Burden Estimate:
                                                  corporate activities.

                                                                                                                                                                                                                                                                     Total
                                                                                                                                                                                  Estimated                   Estimated              Frequency of                  estimated
                                                                                                 Type of burden                                                                   number of                    time per                response                  annual burden
                                                                                                                                                                                 respondents                  response                                              (hours)

                                                  Implementation ...................................................................................................                               18      18 hours ......                               1                 144
                                                  Ongoing ..............................................................................................................                       2 990       2 hours ........                              1               1,980
                                                  Consumer Opt-Out .............................................................................................                        3 857,027          5 minutes ....                                1              71,419

                                                        Total Estimated Annual Burden ..................................................................                       ........................    .....................   ........................             73,543
                                                     1 According  to data from the Federal Reserve’s National Information Center (NIC), there were 3,063 FDIC supervised institutions with an affil-
                                                  iate as of March 31st, 2017. This is an increase of 23 institutions from March 31st, 2014, which had 3,040 institutions with affiliates. Based on
                                                  the research and NIC data, it is reasonable to estimate that the population of institutions with affiliates will continue to grow by approximately 23
                                                  institutions over the next three years. Thus, FDIC anticipates approximately 8 institutions per year will have an implementation burden.
                                                     2 The number of respondents facing ongoing burden remains unchanged at 990.
                                                     3 The FDIC estimates that 95.4% of the 990 banks impacted by this information collection are community banks having an average of 12,098
                                                  consumers and the remaining 4.6% are non-community (larger) banks having an average of 124,745 consumers. The FDIC estimates that 5% of
                                                  the 17,140,540 estimated consumers at these 990 institutions (857,027 consumers) elect to Opt-Out of affiliate marketing information sharing.


                                                     General Description of Collection:                                      estimated total annual burden primarily                                         ongoing time per response for most
                                                  Section 214 of the FACT Act requires                                       because of an upward adjustment in the                                          affected institutions decreasing from 18
                                                  financial institutions that wish to share                                  agency’s estimate of the number of                                              hours at implementation to 2 hours
                                                  information about consumers with their                                     consumers at FDIC-supervised                                                    ongoing.
                                                  affiliates, to inform such consumers that                                  institutions that elect to opt-out of                                              3. Title: Retail Foreign Exchange
                                                  they have the opportunity to opt out of                                    affiliate marketing information sharing.                                        Transactions.
                                                  such marketing solicitations. The                                          The increase in burden due to the                                                  OMB Number: 3064–0182.
                                                  disclosure notices and consumer                                            adjustment in the estimated number of
                                                  responses thereto comprise the elements                                                                                                                       Form Number: None.
                                                                                                                             consumers affected was offset by the                                               Affected Public: Insured state
                                                  of this collection of information.                                         fact that most banks have completed the
                                                     There is no change in the method or                                                                                                                     nonmember banks and state savings
                                                                                                                             implementation phase of the                                                     associations.
                                                  substance of this information collection.
                                                  There has been a net increase in the                                       information collection; the estimated                                              Burden Estimate:
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                                                                                                                                                                                                                                                                    Total
                                                                                                                                                                              Number of                Estimated time              Frequency of                   estimated
                                                                                               Type of burden                                                                respondents                per response                 response                   annual burden
                                                                                                                                                                                                                                                                   (hours)

                                                  Reporting ........................................................................................................                             1                        16       On Occasion                              16




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                                                                                           Federal Register / Vol. 82, No. 143 / Thursday, July 27, 2017 / Notices                                                                                         34949

                                                                                                                                                                                                                                                         Total
                                                                                                                                                                         Number of                Estimated time             Frequency of              estimated
                                                                                               Type of burden                                                           respondents                per response                response              annual burden
                                                                                                                                                                                                                                                        (hours)

                                                  Recordkeeping ...............................................................................................                             1                      166       On Occasion                        166
                                                  Disclosure .......................................................................................................                        1                    1,332       On Occasion                      1,332

                                                        Total Estimated Annual Burden ..............................................................                   ........................   ........................   .....................            1,514



                                                     General Description of Collection:                                     provide monthly statements to each                                         FEDERAL RESERVE SYSTEM
                                                  This information collection implements                                    retail foreign exchange customer and
                                                  section 742(c)(2) of the Dodd-Frank Act                                   must send confirmation statements                                          Formations of, Acquisitions by, and
                                                  (7 U.S.C. 2(c)(2)(E) and FDIC regulations                                 following every transaction. The                                           Mergers of Bank Holding Companies
                                                  governing retail foreign exchange                                         customer dispute resolution provisions
                                                  transactions as set forth at 12 CFR part                                  of the regulation require certain                                             The companies listed in this notice
                                                  349, subpart B. The regulation allows                                     endorsements, acknowledgements and                                         have applied to the Board for approval,
                                                  banking organizations under FDIC                                          signature language as well as the timely                                   pursuant to the Bank Holding Company
                                                  supervision to engage in off-exchange                                     provision of a list of persons qualified                                   Act of 1956 (12 U.S.C. 1841 et seq.)
                                                  transactions in foreign currency with                                     to handle a customer’s request for                                         (BHC Act), Regulation Y (12 CFR part
                                                  retail customers provided they comply                                     arbitration.                                                               225), and all other applicable statutes
                                                  with various reporting, recordkeeping                                                                                                                and regulations to become a bank
                                                                                                                              There is no change in the method or                                      holding company and/or to acquire the
                                                  and third-party disclosure requirements                                   substance of the collection. At present
                                                  specified in the rule. If an institution                                                                                                             assets or the ownership of, control of, or
                                                                                                                            no FDIC-supervised institution is                                          the power to vote shares of a bank or
                                                  elects to conduct such transactions,                                      engaging in activities that would make
                                                  compliance with the information                                                                                                                      bank holding company and all of the
                                                                                                                            them subject to the information                                            banks and nonbanking companies
                                                  collection is mandatory.                                                  collection requirements. FDIC originally
                                                     Reporting Requirements—Part 349,                                                                                                                  owned by the bank holding company,
                                                                                                                            estimated that 3 institutions would be                                     including the companies listed below.
                                                  subpart B requires that, prior to                                         impacted by the rule. The agency is
                                                  initiating a retail foreign exchange                                                                                                                    The applications listed below, as well
                                                                                                                            reducing the estimated number of
                                                  business; a banking institution must                                                                                                                 as other related filings required by the
                                                                                                                            respondents to one (1) as a placeholder
                                                  provide the FDIC with a notice                                                                                                                       Board, are available for immediate
                                                                                                                            in case an institution elects to engage in
                                                  certifying that the institution has                                                                                                                  inspection at the Federal Reserve Bank
                                                                                                                            covered activities in the future. There
                                                  written policies and procedures, and                                                                                                                 indicated. The applications will also be
                                                                                                                            has been no change in the frequency of
                                                  risk measurement and management                                                                                                                      available for inspection at the offices of
                                                                                                                            response or in the estimated number of
                                                  systems and controls in place to ensure                                                                                                              the Board of Governors. Interested
                                                                                                                            hours required to respond. Because of
                                                  that retail foreign exchange transactions                                                                                                            persons may express their views in
                                                                                                                            the reduction in the estimated number
                                                  are conducted in a safe and sound                                                                                                                    writing on the standards enumerated in
                                                                                                                            of respondents from three (3) to one (1),
                                                  manner. The institution must also                                                                                                                    the BHC Act (12 U.S.C. 1842(c)). If the
                                                                                                                            the estimated annual burden has
                                                  provide information about it intends to                                                                                                              proposal also involves the acquisition of
                                                                                                                            decreased.
                                                  manage customer due diligence, new                                                                                                                   a nonbanking company, the review also
                                                  product approvals and haircuts applied                                    Request for Comment                                                        includes whether the acquisition of the
                                                  to noncash margin.                                                                                                                                   nonbanking company complies with the
                                                                                                                              Comments are invited on: (a) Whether                                     standards in section 4 of the BHC Act
                                                     Recordkeeping Requirements—Part                                        the collections of information are
                                                  349 subpart B requires that institutions                                                                                                             (12 U.S.C. 1843). Unless otherwise
                                                                                                                            necessary for the proper performance of                                    noted, nonbanking activities will be
                                                  engaging in retail foreign exchange                                       the FDIC’s functions, including whether
                                                  transactions keep full, complete and                                                                                                                 conducted throughout the United States.
                                                                                                                            the information has practical utility; (b)
                                                  systematic records of account, financial                                                                                                                Unless otherwise noted, comments
                                                                                                                            the accuracy of the estimates of the
                                                  ledger, transaction, memorandum orders                                                                                                               regarding each of these applications
                                                                                                                            burden of the information collections,
                                                  and post execution allocations of                                                                                                                    must be received at the Reserve Bank
                                                                                                                            including the validity of the
                                                  bunched orders. In addition, institutions                                                                                                            indicated or the offices of the Board of
                                                                                                                            methodology and assumptions used; (c)
                                                  are required to maintain records                                                                                                                     Governors not later than August 23,
                                                                                                                            ways to enhance the quality, utility, and
                                                  regarding their ratio of profitable                                                                                                                  2017.
                                                                                                                            clarity of the information to be
                                                  accounts, possible violations of law,                                     collected; and (d) ways to minimize the                                       A. Federal Reserve Bank of St. Louis
                                                  records of noncash margin and monthly                                     burden of the collections of information                                   (David L. Hubbard, Senior Manager)
                                                  statements and confirmations issued.                                      on respondents, including through the                                      P.O. Box 442, St. Louis, Missouri
                                                     Disclosure Requirements—The                                            use of automated collection techniques                                     63166–2034. Comments can also be sent
                                                  regulation requires that, before opening                                  or other forms of information                                              electronically to
                                                  an account that will engage in retail                                     technology. All comments will become                                       Comments.applications@stls.frb.org:
                                                  foreign exchange transactions, a banking                                  a matter of public record.                                                    1. Ozarks Heritage Financial Group,
                                                  institution must obtain from each retail                                                                                                             Inc., Gainesville, Missouri; and its top
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                                                  foreign exchange customer an                                                Dated at Washington, DC, this 21st day of                                tier holding company Century
                                                                                                                            July, 2017.
                                                  acknowledgement of receipt and                                                                                                                       Bancshares, Inc., Gainesville, Missouri,
                                                  understanding of a written disclosure                                     Federal Deposit Insurance Corporation.                                     to acquire 100 percent of the voting
                                                  specified in the rule and of disclosures                                  Robert E. Feldman,                                                         shares of Financial Enterprises, Inc.,
                                                  about the banking institution’s fees and                                  Executive Secretary.                                                       Clinton, Missouri, and thereby
                                                  other charges and of its profitable                                       [FR Doc. 2017–15711 Filed 7–26–17; 8:45 am]                                indirectly acquire First National Bank of
                                                  accounts ratio. The institution must also                                 BILLING CODE 6714–01–P                                                     Clinton, Clinton, Missouri.


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Document Created: 2017-07-27 02:07:17
Document Modified: 2017-07-27 02:07:17
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comment.
DatesComments must be submitted on or before August 28, 2017.
ContactManny Cabeza, (202-898-3767), Counsel, MB-3007, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429.
FR Citation82 FR 34946 

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