82 FR 44791 - Agency Information Collection Activities: Submission for OMB Review; Comment Request

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 82, Issue 185 (September 26, 2017)

The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of existing information collections, as required by the Paperwork Reduction Act of 1995. On June 26, 2017, the FDIC requested comment for 60 days on a proposal to renew the information collections described below. No comments were received. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the renewal of these collections, and again invites comment on this renewal.

[Federal Register Volume 82, Number 185 (Tuesday, September 26, 2017)]
[Notices]
[Pages 44791-44792]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-20593]


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

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

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 June 26, 2017, the FDIC requested comment for 60 days on a 
proposal to renew the information collections described below. No 
comments were received. The FDIC hereby gives notice of its plan to 
submit to OMB a request to approve the renewal of these collections, 
and again invites comment on this renewal.

DATES: Comments must be submitted on or before October 26, 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: On June 26, 2017, (82 FR 28848), the FDIC 
requested comment for 60 days on a proposal to renew the information 
collections described below. No comments were received. The FDIC hereby 
gives notice of its plan to submit to OMB a request to approve the 
renewal of these collections, and again invites comment on this 
renewal.
    Proposal to renew the following currently approved collections of 
information:
    1. Title: Recordkeeping and Disclosure Requirements in Connection 
with Regulation M (Consumer Leasing).
    OMB Number: 3064-0083.
    Form Number: None.
    Affected Public: State nonmember banks and state savings 
associations engaging in consumer leasing.
    Burden Estimate:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                   Estimated       Estimated                                               Total annual
                                            Type of burden         number of       number of    Estimated time    Frequency of response      estimated
                                                                  respondents      responses     per response                             burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Recordkeeping Requirements in          Recordkeeping..........              52             100           0.375  On Occasion.............           1,950
 Connection with Regulation M
 (Consumer Leasing).
Third-Party Disclosure Requirements    Third-Party Disclosure.              52             100           0.375  On Occasion.............           1,950
 in Connection with Regulation M
 (Consumer Leasing).
                                                               -----------------------------------------------------------------------------------------
    Total Hourly Burden..............  .......................  ..............  ..............  ..............  ........................           3,900
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: Regulation M (12 CFR 1013), 
issued by the Bureau of Consumer Financial Protection, implements the 
consumer leasing provisions of the Truth in Lending Act. Regulation M 
requires lessors of personal property to provide consumers with 
meaningful disclosures about the costs and terms of the leases for 
personal property. Lessors are required to retain evidence of 
compliance with Regulation M for twenty-four months.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours is a result of (1) economic 
fluctuation and (2) an

[[Page 44792]]

updated estimate (based on historical information) of state nonmember 
banks and state savings associations engaged in consumer leasing. In 
particular, the number of respondents has decreased while the hours per 
response remain the same.
    2. Title: Covered Financial Company Asset Purchaser Eligibility 
Certification.
    OMB Number: 3064-0194.
    Form Number: Covered Financial Company Asset Sales Purchaser 
Eligibility Certification--7300/10.
    Affected Public: Any individual or entity that is a potential 
purchaser of assets from (1) the FDIC as receiver for a Covered 
Financial Company (``CFC''); or (2) a bridge financial company 
(``BFC'') which requires the approval of the FDIC, as receiver for the 
predecessor CFC and as the sole shareholder of the BFC (e.g., the BFC's 
sale of a significant business line).
    Burden Estimate:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                Estimated        Estimated      Estimated time                             Total annual
                                         Type of burden         number of        number of       per response    Frequency of response      estimated
                                                               respondents       responses        (minutes)                               burden (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Covered Financial Company Asset      Reporting.............              10                1               30   Annual.................               5
 Sales Purchaser Eligibility
 Certification.
                                                            --------------------------------------------------------------------------------------------
    Total Hourly Burden............  ......................  ...............  ...............  ...............  .......................               5
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: Assets held by the FDIC in the 
course of liquidating any covered financial company must not be sold to 
persons who contributed to the demise of a covered financial company in 
specified ways (e.g., individuals who profited or engaged in wrongdoing 
at the expense of the failed institution, or seriously mismanaged the 
failed institution). 12 CFR part 380 requires prospective purchasers to 
complete and submit a Purchaser Eligibility Certification (``PEC'') to 
the FDIC. The PEC is a self-certification by a prospective purchaser 
that it does not fall into any of the categories of individuals or 
entities that are prohibited by statute or regulation from purchasing 
the assets of covered financial companies. The PEC will be required in 
connection with the sale of assets by the FDIC, as receiver for a CFC, 
or the sale of assets by a BFC which requires the approval of the FDIC, 
as receiver for the predecessor CFC and as the sole shareholder of the 
BFC.
    There is no change in the method or substance of the collection. 
The number of respondents and the hours per response remain the same.

Request for Comment

    Comments are invited on: (a) Whether the collections of information 
are necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collections, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collections of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

    Dated at Washington, DC, this 20th day of September 2017.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017-20593 Filed 9-25-17; 8:45 am]
BILLING CODE 6714-01-P