83 FR 11199 - Agency Information Collection Activities: Submission for OMB Review; Comment Request
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 83, Issue 50 (March 14, 2018)
Federal Register Volume 83, Issue 50 (March 14, 2018)
| Page Range | 11199-11201 | |
| FR Document | 2018-05112 |
[Federal Register Volume 83, Number 50 (Wednesday, March 14, 2018)] [Notices] [Pages 11199-11201] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-05112] ======================================================================= ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION [OMB No. 3064-0084] 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 the existing information collection, as required by the Paperwork Reduction Act of 1995. On December 28, 2017, the FDIC requested comment for 60 days on a proposal to renew the information collection 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 this collection, and again invites comment on this renewal. DATES: Comments must be submitted on or before April 13, 2018. ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods:https://www.FDIC.gov/regulations/laws/federal. 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 December 28, 2017, the FDIC requested comment for 60 days on a proposal to renew the information collection 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 this collection, and again invites comment on this renewal. Proposal To Renew the Following Currently Approved Collections of Information 1. Title: Account Based Disclosures in Connection with Consumer Financial Protection Bureau Regulations E and DD and Federal Reserve Regulation CC. OMB Number: 3064-0084. Form Number: None. Affected Public: FDIC-Supervised Institutions. Burden Estimate [[Page 11200]] Summary of Annual Burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Total Obligation to Estimated time per Estimated Frequency of annual Type of burden respond number of response frequency response estimated respondents (hours) burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Reg E--12 CFR Part 1005 -------------------------------------------------------------------------------------------------------------------------------------------------------- Initial disclosures: General (1005.7(b)).......... Disclosure.............. Mandatory.......... 3,674 0.025 83 On Occasion......... 7,624 Payroll cards (1005.18(c)(1)) Disclosure.............. Mandatory.......... 6 0.025 5,000 On Occasion......... 750 Change-in-terms (1005.8(a))...... Disclosure.............. Mandatory.......... 3,674 0.017 113 On Occasion......... 6,919 Transaction disclosures (sections Disclosure.............. ................... ........... ........... ........... .................... 0 1005.9(a) and 1005.10). Periodic statements (section Disclosure.............. ................... ........... ........... ........... .................... 0 1005.9(b)). Error resolution rules: General (1005.8(b) and Disclosure.............. Mandatory.......... 3,674 0.500 3 On Occasion......... 5,511 1005.11). Payroll cards (1005.18)...... Disclosure.............. Mandatory.......... 6 0.500 8 On Occasion......... 24 Overdraft opt-in disclosures (1005.17, FRB R-1343): Revise and update initial Disclosure.............. Mandatory.......... 3,625 16.000 1 On Occasion......... 58,000 disclosures (1005.17(c)(2)) for new customers. Prepare and send new opt-in Disclosure.............. Mandatory.......... 3,625 16.000 1 On Occasion......... 58,000 notices to existing customers (1005.17(c)(1)). Consumer response (section Recordkeeping........... Voluntary.......... 3,625 0.083 7,207 On Occasion......... 2,177,115 1005.17). Gift card/gift certificate (section 1005.20, FRB R-1377): Exclusion policies & Recordkeeping........... Mandatory.......... 6 40.000 1 On Occasion......... 240 procedures (1005.20(b)(2)) one-time. Exclusion policies & Recordkeeping........... Mandatory.......... 6 8.000 1 On Occasion......... 48 procedures (1005.20(b)(2) ongoing. Policy & procedures Recordkeeping........... Mandatory.......... 6 40.000 1 On Occasion......... 240 (1005.20(e)(1)) one-time. Policy & procedures Recordkeeping........... Mandatory.......... 6 8.000 1 On Occasion......... 48 (1005.20(e)(1)) ongoing. Systems change to implement Disclosure.............. Mandatory.......... 6 40.000 1 On Occasion......... 240 disclosure update (1005.20(e)(3)). ----------------------------------------------------------------------- Subtotal Reg E Burden.... ........................ ................... ........... ........... ........... .................... 2,314,759 -------------------------------------------------------------------------------------------------------------------------------------------------------- Regulation CC--12 CFR Part 229 -------------------------------------------------------------------------------------------------------------------------------------------------------- Specific availability policy Disclosure.............. Mandatory.......... 3,674 0.017 140 On Occasion......... 8,573 disclosure (initial notice, upon request, upon change in policy) (sections 229.16, 229.17 and 229.18(d)). Case-by-case hold notice (section Disclosure.............. Mandatory.......... 3,674 0.050 717 On Occasion......... 131,713 229.16(c)). Notice of exceptions to hold Disclosure.............. Mandatory.......... 3,674 0.050 247 On Occasion......... 45,374 policy (section 229.13(g)). Notice posted where consumers Disclosure.............. Mandatory.......... 3,674 0.250 1 On Occasion......... 919 make deposits (including at ATMs) (sections 229.18(b) and 229.18(c)). Notice of changes in policy Disclosure.............. Mandatory.......... 20 20.000 1 On Occasion......... 400 (section 229.18(e)). Annual notice of new ATMs Disclosure.............. Mandatory.......... 3,674 5.000 1 On Occasion......... 18,370 (section 229.18(e)) (see Appendix E to Part 229, Commentary, section XII, E., comment no. 3). Notice of nonpayment--notice to Disclosure.............. Mandatory.......... 3,674 0.017 2,211 On Occasion......... 135,387 depositary bank (section 229.33(a) and (d)). Response to consumer's recredit Disclosure.............. Mandatory.......... 3,674 0.250 12 On Occasion......... 11,022 claim (validation, denial, reversal) (section 229.54(e)). Bank's claim against an Reporting............... Mandatory.......... 3,674 0.250 5 On Occasion......... 4,593 indemnifying bank (section 229.55). Consumer awareness disclosure Disclosure.............. Mandatory.......... 3,674 0.017 170 On Occasion......... 10,410 (section 229.57). Reg CC Consumer Burden--Expedited Reporting............... Mandatory.......... 3,674 0.250 8 On Occasion......... 7,348 recredit claim notice (section 229.54(a) and (b)(2)). ----------------------------------------------------------------------- Subtotal Reg CC Burden....... ........................ ................... ........... ........... ........... .................... 374,107 -------------------------------------------------------------------------------------------------------------------------------------------------------- Regulation DD--12 CFR Part 1030 -------------------------------------------------------------------------------------------------------------------------------------------------------- Account disclosures (upon request Disclosure.............. Mandatory.......... 3,674 0.025 170 On Occasion......... 15,615 and new accounts) (section 1030.4). Subsequent notices (section 1030.5): Change in terms.............. Disclosure.............. Mandatory.......... 3,674 0.017 380 On Occasion......... 23,269 Prematurity (renewal) notices Disclosure.............. Mandatory.......... 3,674 0.017 340 On Occasion......... 20,819 Disclosures on periodic Disclosure.............. Mandatory.......... 3,674 4.000 12 On Occasion......... 176,352 statements (section 1030.6). Advertising (section 1030.8)..... Disclosure.............. Mandatory.......... 3,674 0.500 12 On Occasion......... 22,044 ----------------------------------------------------------------------- Subtotal Reg DD Burden....... ........................ ................... ........... ........... ........... .................... 258,099 ----------------------------------------------------------------------- Total Burden............. ........................ ................... ........... ........... ........... .................... 2,946,964 -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: Regulations E & DD (Consumer Financial Protection Bureau's Regulations) and Regulation CC (the Federal Reserve's Regulation) ensure adequate disclosures regarding accounts, including electronic fund transfer services, availability of funds, and fees and annual percentage yield for [[Page 11201]] deposit accounts. Generally, the Regulation E disclosures are designed to ensure consumers receive adequate disclosure of basic terms, costs, and rights relating to electronic fund transfer (EFT) services provided to them so that they can make informed decisions. Institutions offering EFT services must disclose to consumers certain information, including: Initial and updated EFT terms, transaction information, the consumer's potential liability for unauthorized transfers, and error resolution rights and procedures. Like Regulation E, Regulation CC has consumer protection disclosure requirements. Specifically, Regulation CC requires depository institutions to make funds deposited in transaction accounts available within specified time periods, disclose their availability policies to customers, and begin accruing interest on such deposits promptly. The disclosures are intended to alert customers that their ability to use deposited funds may be delayed, prevent unintentional (and costly) overdrafts, and allow customers to compare the policies of different institutions before deciding at which institution to deposit funds. Depository institutions must also provide an awareness disclosure regarding substitute checks. The regulation also requires notice to the depositary bank and to a customer of nonpayment of a check. Regulation DD also has similar consumer protection disclosure requirements that are intended to assist consumers in comparing deposit accounts offered by institutions, principally through the disclosure of fees, the annual percentage yield, and other account terms. Regulation DD requires depository institutions to disclose yields, fees, and other terms concerning deposit accounts to consumers at account opening, upon request, and when changes in terms occur. Depository institutions that provide periodic statements are required to include information about fees imposed, interest earned, and the annual percentage yield (APY) earned during those statement periods. It also contains rules about advertising deposit accounts. There is no change in the method or substance of the collection. The overall reduction in burden hours is the result of economic fluctuation and the reduced number of FDIC-supervised institutions since the last submission in 2014. In particular, the number of respondents has decreased while the hours per response and frequency of responses have remained the same. Request for Comment Comments are invited on: (a) Whether the collection of information is 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 collection, 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 collection 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, on March 9, 2018. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2018-05112 Filed 3-13-18; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 83, No. 50 / Wednesday, March 14, 2018 / Notices 11199
issue a Notice of Schedule for project should submit an original and collection described below. No
Environmental Review. If a Notice of two copies of their comments to the comments were received. The FDIC
Schedule for Environmental Review is Secretary of the Commission. hereby gives notice of its plan to submit
issued, it will indicate, among other Environmental commentors will be to OMB a request to approve the
milestones, the anticipated date for the placed on the Commission’s renewal of this collection, and again
Commission staff’s issuance of the EA environmental mailing list, will receive invites comment on this renewal.
for this proposal. The filing of the EA copies of the environmental documents, DATES: Comments must be submitted on
in the Commission’s public record for and will be notified of meetings or before April 13, 2018.
this proceeding or the issuance of a associated with the Commission’s
Notice of Schedule for Environmental ADDRESSES: Interested parties are
environmental review process.
Review will serve to notify federal and Environmental commentors will not be invited to submit written comments to
state agencies of the timing for the required to serve copies of filed the FDIC by any of the following
completion of all necessary reviews, and documents on all other parties. methods:
the subsequent need to complete all However, the non-party commentors • https://www.FDIC.gov/regulations/
federal authorizations within 90 days of will not receive copies of all documents laws/federal.
the date of issuance of the Commission filed by other parties or issued by the • Email: comments@fdic.gov. Include
staff’s EA. Commission (except for the mailing of the name and number of the collection
There are two ways to become environmental documents issued by the in the subject line of the message.
involved in the Commission’s review of Commission) and will not have the right • Mail: Jennifer Jones (202–898–
this project. First, any person wishing to to seek court review of the 6768), Counsel, MB–3105, Federal
obtain legal status by becoming a party Commission’s final order. Deposit Insurance Corporation, 550 17th
to the proceedings for this project The Commission strongly encourages Street NW, Washington, DC 20429.
should, on or before the comment date electronic filings of comments, protests • Hand Delivery: Comments may be
stated below file with the Federal and interventions in lieu of paper using hand-delivered to the guard station at
Energy Regulatory Commission, 888 the eFiling link at http://www.ferc.gov. the rear of the 17th Street Building
First Street NE, Washington, DC 20426, Persons unable to file electronically (located on F Street), on business days
a motion to intervene in accordance should submit an original and 7 copies between 7:00 a.m. and 5:00 p.m.
with the requirements of the of the protest or intervention to the All comments should refer to the
Commission’s Rules of Practice and Federal Energy regulatory Commission, relevant OMB control number. A copy
Procedure (18 CFR 385.214 or 385.211) 888 First Street NE, Washington, DC of the comments may also be submitted
and the Regulations under the NGA (18 20426. to the OMB desk officer for the FDIC:
CFR 157.10). A person obtaining party Comment Date: March 28, 2018. Office of Information and Regulatory
status will be placed on the service list Affairs, Office of Management and
Dated: March 7, 2018.
maintained by the Secretary of the Budget, New Executive Office Building,
Commission and will receive copies of Kimberly D. Bose,
Secretary. Washington, DC 20503.
all documents filed by the applicant and
by all other parties. A party must submit [FR Doc. 2018–05108 Filed 3–13–18; 8:45 am] FOR FURTHER INFORMATION CONTACT:
seven copies of filings made in the BILLING CODE 6717–01–P Jennifer Jones, at the FDIC address
proceeding with the Commission and above.
must mail a copy to the applicant and SUPPLEMENTARY INFORMATION:
to every other party. Only parties to the FEDERAL DEPOSIT INSURANCE On December 28, 2017, the FDIC
proceeding can ask for court review of CORPORATION requested comment for 60 days on a
Commission orders in the proceeding. proposal to renew the information
However, a person does not have to [OMB No. 3064–0084]
collection described below. No
intervene in order to have comments
Agency Information Collection comments were received. The FDIC
considered. The second way to
Activities: Submission for OMB hereby gives notice of its plan to submit
participate is by filing with the
Review; Comment Request to OMB a request to approve the
Secretary of the Commission, as soon as
renewal of this collection, and again
possible, an original and two copies of AGENCY: Federal Deposit Insurance
invites comment on this renewal.
comments in support of or in opposition Corporation (FDIC).
to this project. The Commission will ACTION: Notice and request for comment. Proposal To Renew the Following
consider these comments in Currently Approved Collections of
determining the appropriate action to be SUMMARY: The FDIC, as part of its Information
taken, but the filing of a comment alone continuing effort to reduce paperwork
will not serve to make the filer a party and respondent burden, invites the 1. Title: Account Based Disclosures in
to the proceeding. The Commission’s general public and other Federal Connection with Consumer Financial
rules require that persons filing agencies to take this opportunity to Protection Bureau Regulations E and DD
comments in opposition to the project comment on the renewal of the existing and Federal Reserve Regulation CC.
provide copies of their protests only to information collection, as required by OMB Number: 3064–0084.
the party or parties directly involved in the Paperwork Reduction Act of 1995. Form Number: None.
the protest. On December 28, 2017, the FDIC Affected Public: FDIC-Supervised
Persons who wish to comment only requested comment for 60 days on a Institutions.
daltland on DSKBBV9HB2PROD with NOTICES
on the environmental review of this proposal to renew the information Burden Estimate
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![Federal Register / Vol. 83, No. 50 / Wednesday, March 14, 2018 / Notices 11201
deposit accounts. Generally, the Request for Comment DEPARTMENT OF DEFENSE
Regulation E disclosures are designed to
ensure consumers receive adequate Comments are invited on: (a) Whether GENERAL SERVICES
disclosure of basic terms, costs, and the collection of information is ADMINISTRATION
rights relating to electronic fund transfer necessary for the proper performance of
(EFT) services provided to them so that the FDIC’s functions, including whether NATIONAL AERONAUTICS AND
they can make informed decisions. the information has practical utility; (b) SPACE ADMINISTRATION
Institutions offering EFT services must the accuracy of the estimates of the
burden of the information collection, [OMB Control No. 9000–0062; Docket 2018–
disclose to consumers certain 0003; Sequence 5]
information, including: Initial and including the validity of the
updated EFT terms, transaction methodology and assumptions used; (c) Information Collection; Material and
information, the consumer’s potential ways to enhance the quality, utility, and Workmanship
liability for unauthorized transfers, and clarity of the information to be
collected; and (d) ways to minimize the AGENCY: Department of Defense (DOD),
error resolution rights and procedures.
burden of the collection of information General Services Administration (GSA),
Like Regulation E, Regulation CC has and National Aeronautics and Space
on respondents, including through the
consumer protection disclosure Administration (NASA).
use of automated collection techniques
requirements. Specifically, Regulation
or other forms of information ACTION: Notice of request for public
CC requires depository institutions to
technology. All comments will become comments regarding an extension to an
make funds deposited in transaction
a matter of public record. existing OMB clearance.
accounts available within specified time
periods, disclose their availability Dated at Washington, DC, on March 9, SUMMARY: Under the provisions of the
policies to customers, and begin 2018.
Paperwork Reduction Act, the
accruing interest on such deposits Federal Deposit Insurance Corporation. Regulatory Secretariat Division will be
promptly. The disclosures are intended Robert E. Feldman, submitting to the Office of Management
to alert customers that their ability to Executive Secretary. and Budget (OMB) a request to review
use deposited funds may be delayed, [FR Doc. 2018–05112 Filed 3–13–18; 8:45 am] and approve an extension of a
prevent unintentional (and costly) BILLING CODE 6714–01–P previously approved information
overdrafts, and allow customers to collection requirement concerning
compare the policies of different material and workmanship.
institutions before deciding at which DATES: Submit comments on or before
institution to deposit funds. Depository FEDERAL MARITIME COMMISSION May 14, 2018.
institutions must also provide an ADDRESSES: Submit comments
awareness disclosure regarding Notice of Agreement Filed
identified by Information Collection
substitute checks. The regulation also 9000–0062, Material and Workmanship,
requires notice to the depositary bank The Commission hereby gives notice
of the filing of the following agreement by any of the following methods:
and to a customer of nonpayment of a • Regulations.gov: http://
check. under the Shipping Act of 1984.
Interested parties may submit comments www.regulations.gov. Submit comments
Regulation DD also has similar via the Federal eRulemaking portal by
consumer protection disclosure on the agreement to the Secretary,
Federal Maritime Commission, searching the OMB Control number
requirements that are intended to assist 9000–0062. Select the link ‘‘Comment
consumers in comparing deposit Washington, DC 20573, within twelve
days of the date this notice appears in Now’’ that corresponds with
accounts offered by institutions, ‘‘Information Collection 9000–0062,
principally through the disclosure of the Federal Register. A copy of the
agreement is available through the Material and Workmanship’’. Follow the
fees, the annual percentage yield, and instructions provided on the screen.
other account terms. Regulation DD Commission’s website (www.fmc.gov) or
by contacting the Office of Agreements Please include your name, company
requires depository institutions to name (if any), and ‘‘Information
disclose yields, fees, and other terms at (202)-523–5793 or tradeanalysis@
fmc.gov. Collection 9000–0062, Material and
concerning deposit accounts to Workmanship’’ on your attached
consumers at account opening, upon Agreement No.: 012456–001.
document.
request, and when changes in terms Title: Turkon Lines—Nile Dutch • Mail: General Services
occur. Depository institutions that Africa Space and Sailing Agreement. Administration, Regulatory Secretariat
provide periodic statements are required Parties: Nile Dutch Africa Line BV Division (MVCB), 1800 F Street NW,
to include information about fees and Turkon Container Transportation & Washington, DC 20405. ATTN: Ms.
imposed, interest earned, and the Shipping, Inc.. Mandell/IC 9000–0062, Material and
annual percentage yield (APY) earned Filing Party: Eric Lee, Esq.; Holland & Workmanship.
during those statement periods. It also Knight LLP; 800 17th Street NW, Suite Instructions: Please submit comments
contains rules about advertising deposit 1100, Washington, DC 20006. only and cite Information Collection
accounts. Synopsis: The amendment specifies a 9000–0062, Material and Workmanship,
There is no change in the method or range of vessel sizes to be used under in all correspondence related to this
substance of the collection. The overall the Agreement. collection. Comments received generally
reduction in burden hours is the result will be posted without change to http://
daltland on DSKBBV9HB2PROD with NOTICES
of economic fluctuation and the reduced By Order of the Federal Maritime www.regulations.gov, including any
Commission.
number of FDIC-supervised institutions personal and/or business confidential
since the last submission in 2014. In Dated: March 9, 2018. information provided. To confirm
particular, the number of respondents Rachel E. Dickon, receipt of your comment(s), please
has decreased while the hours per Secretary. check www.regulations.gov,
response and frequency of responses [FR Doc. 2018–05198 Filed 3–13–18; 8:45 am] approximately two to three days after
have remained the same. BILLING CODE 6731–AA–P submission to verify posting (except
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Document Created: 2018-03-14 01:06:35
Document Modified: 2018-03-14 01:06:35
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for comment. | |
| Dates | Comments must be submitted on or before April 13, 2018. | |
| FR Citation | 83 FR 11199 |
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