83 FR 12393 - Agency Information Collection Activities: Submission for OMB Review; Comment Request
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 83, Issue 55 (March 21, 2018)
Federal Register Volume 83, Issue 55 (March 21, 2018)
| Page Range | 12393-12395 | |
| FR Document | 2018-05711 |
[Federal Register Volume 83, Number 55 (Wednesday, March 21, 2018)] [Notices] [Pages 12393-12395] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-05711] [[Page 12393]] ======================================================================= ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION [OMB Nos. 3064-0115 and 3064-0197] 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 collections, as required by the Paperwork Reduction Act of 1995. On December 29, 2017, the FDIC requested comment for 60 days on a proposal to renew the information collections described below. One comment was received for each information collection described below. Each was generally supportive of the requirements set forth in the respective rules but did not address the paperwork burden for the information collections. 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 these renewals. DATES: Comments must be submitted on or before May 21, 2018. ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods:Agency website: https://www.FDIC.gov/regulations/laws/federal. Follow instructions for submitting comments on the Agency website. 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, 202-898-6768, [email protected], Counsel, MB-3105, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. SUPPLEMENTARY INFORMATION: On December 29, 2017, the FDIC requested comment for 60 days on a proposal to renew the information collections described below. One comment was received for each information collection described below. Each was generally supportive of the requirements set forth in the respective rules but did not address the paperwork burden for the information collections. 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 these renewals. Proposal to renew the following currently approved collections of information: 1. Title: Prompt Corrective Action. OMB Number: 3064-0115. Form Number: None. Affected Public: State non-member banks and savings associations. Burden Estimate: Summary of Annual Burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Total annual Obligation to Estimated Estimated Estimated Frequency of estimated Type of burden respond number of frequency of time per response burden respondents responses response (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- Prompt Corrective Action (12 Reporting......... Voluntary......... 17 1 4 On occasion....... 68 CFR parts 303, 324, and 390). --------------------------------------------------------------------------------------------------------------------------- Total Hourly Burden..... .................. .................. .............. .............. .............. .................. 68 -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: The Prompt Corrective Action (PCA) provisions of section 38 of the Federal Deposit Insurance Act require or permit the FDIC and other federal banking agencies to take certain supervisory actions when FDIC-insured institutions fall within certain capital categories. They also restrict or prohibit certain activities and require the submission of a capital restoration plan when an insured institution becomes undercapitalized. Various provisions of the statute and the FDIC's implementing regulations require the prior approval of the FDIC before an FDIC-supervised institution, or certain insured depository institutions, can engage in certain activities, or allow the FDIC to make exceptions to restrictions that would otherwise be imposed. This collection of information consists of the applications that are required to obtain the FDIC's prior approval to engage in these activities. There is no change in the method or substance of the collection. The overall reduction in burden hours is the result of economic fluctuation. In particular, the number of respondents has decreased while the hours per response and frequency of responses have remained the same. 2. Title: Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring (LCR). OMB Number: 3064-0197. Form Number: None. Affected Public: State savings associations and State nonmember banks that (i) have total consolidated assets equal to $250 billion or more; (ii) have total consolidated on-balance sheet foreign exposure equal to $10 billion or more; or (iii) have total consolidated assets equal to $10 billion or more and are a consolidated subsidiary of one of the following: (A) A covered depository institution holding company or depository institution that has total assets equal to $250 billion or more; (B) a covered depository institution holding company or depository institution that has total consolidated on-balance sheet foreign exposure equal to $10 billion or more; or (C) a company that has been designated by the Financial Stability Oversight Council for supervision by the Board of Governors of the Federal Reserve System. Burden Estimate: [[Page 12394]] Summary of Annual Burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Total annual Obligation to Estimated Estimated Estimated time Frequency of estimated Type of burden respond number of frequency of per response response burden respondents responses (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- Liquidity Coverage Ratio Reporting......... Mandatory......... (LCR)--12 CFR 329.40(a), (b). Sec. 329.40(a) Reporting......... Mandatory......... 2 12 0.25 On Occasion....... 6 Notification that liquidity coverage ratio is less than minimum in Sec. 329.10. Sec. 329.40(b) Reporting......... Mandatory......... 2 1 0.25 On Occasion....... 0.50 Notification that liquidity coverage ratio is less than minimum in Sec. 329.10 for 3 consecutive days or otherwise noncompliant. Sec. 329.40(b) Plan Recordkeeping..... Mandatory......... 2 1 100.00 On Occasion....... 200 for achieving compliance. Sec. 329.40(b)(4) Reporting......... Mandatory......... 2 4 0.25 On Occasion....... 2 Weekly report of progress toward achieving compliance. Liquidity Coverage Ratio Recordkeeping..... Mandatory......... (LCR)--12 CFR 329.22(a)(2), (5). Sec. 329.22(a)(2) Recordkeeping..... Mandatory......... 2 1 10.00 On Occasion....... 20 Policies that require eligible HQLA to be under control of liquidity risk management function. Sec. 329.22(a)(5) Recordkeeping..... Mandatory......... 2 1 10.00 On Occasion....... 20 Documented methodology providing consistent treatment for determining whether eligible HQLA meets operational requirements. ----------------------------------------------------------------------------------- Total Hourly Burden. .................. .................. .............. .............. .............. .................. 248.50 -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: The LCR rule implements a quantitative liquidity requirement and contains requirements subject to the PRA. The reporting and recordkeeping requirements are found in Sections 329.22 and 329.40. The requirement is designed to promote the short-term resilience of the liquidity risk profile of large and internationally active banking organizations, thereby improving the banking sector's ability to absorb shocks arising from financial and economic stress, and to further improve the measurement and management of liquidity risk. The LCR rule establishes a quantitative minimum liquidity coverage ratio that requires a company subject to the rule to maintain an amount of high-quality liquid assets (the numerator of the ratio) that is no less than 100 percent of its total net cash outflows over a prospective 30 calendar-day period (the denominator of the ratio). The FDIC has reviewed its previous PRA submission and has updated its methodology for calculating the burden in order to be consistent with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System. The overall increase in burden hours is the result of these changes. 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) [[Page 12395]] 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, on March 16, 2018. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2018-05711 Filed 3-20-18; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 83, No. 55 / Wednesday, March 21, 2018 / Notices 12393
FEDERAL DEPOSIT INSURANCE again invites comment on these FOR FURTHER INFORMATION CONTACT:
CORPORATION renewals. Jennifer Jones, 202–898–6768,
DATES: Comments must be submitted on jennjones@FDIC.gov, Counsel, MB–
[OMB Nos. 3064–0115 and 3064–0197]
or before May 21, 2018. 3105, Federal Deposit Insurance
Agency Information Collection Corporation, 550 17th Street NW,
ADDRESSES: Interested parties are
Activities: Submission for OMB Washington, DC 20429.
invited to submit written comments to
Review; Comment Request the FDIC by any of the following SUPPLEMENTARY INFORMATION: On
AGENCY: Federal Deposit Insurance methods: December 29, 2017, the FDIC requested
Corporation (FDIC). • Agency website: https:// comment for 60 days on a proposal to
ACTION: Notice and request for comment.
www.FDIC.gov/regulations/laws/federal. renew the information collections
Follow instructions for submitting described below. One comment was
SUMMARY: The FDIC, as part of its comments on the Agency website. received for each information collection
continuing effort to reduce paperwork • Email: comments@fdic.gov. Include described below. Each was generally
and respondent burden, invites the the name and number of the collection supportive of the requirements set forth
general public and other Federal in the subject line of the message. in the respective rules but did not
agencies to take this opportunity to • Mail: Jennifer Jones, 202–898–6768, address the paperwork burden for the
comment on the renewal of the existing Counsel, MB–3105, Federal Deposit information collections. The FDIC
information collections, as required by Insurance Corporation, 550 17th Street hereby gives notice of its plan to submit
the Paperwork Reduction Act of 1995. NW, Washington, DC 20429. to OMB a request to approve the
On December 29, 2017, the FDIC • Hand Delivery: Comments may be renewal of these collections, and again
requested comment for 60 days on a hand-delivered to the guard station at invites comment on these renewals.
proposal to renew the information the rear of the 17th Street Building Proposal to renew the following
collections described below. One (located on F Street), on business days currently approved collections of
comment was received for each between 7:00 a.m. and 5:00 p.m. information:
information collection described below. All comments should refer to the
Each was generally supportive of the relevant OMB control number. A copy 1. Title: Prompt Corrective Action.
requirements set forth in the respective of the comments may also be submitted OMB Number: 3064–0115.
rules but did not address the paperwork to the OMB desk officer for the FDIC: Form Number: None.
burden for the information collections. Office of Information and Regulatory
The FDIC hereby gives notice of its plan Affairs, Office of Management and Affected Public: State non-member
to submit to OMB a request to approve Budget, New Executive Office Building, banks and savings associations.
the renewal of these collections, and Washington, DC 20503. Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Total annual
Estimated Estimated Estimated
Type of Obligation to Frequency estimated
number of frequency of time per
burden respond of response burden
respondents responses response (hours)
Prompt Corrective Ac- Reporting ....... Voluntary ........ 17 1 4 On occasion ... 68
tion (12 CFR parts
303, 324, and 390).
Total Hourly Bur- ........................ ........................ ........................ ........................ ........................ ........................ 68
den.
General Description of Collection: The collection of information consists of the have total consolidated on-balance sheet
Prompt Corrective Action (PCA) applications that are required to obtain foreign exposure equal to $10 billion or
provisions of section 38 of the Federal the FDIC’s prior approval to engage in more; or (iii) have total consolidated
Deposit Insurance Act require or permit these activities. assets equal to $10 billion or more and
the FDIC and other federal banking There is no change in the method or are a consolidated subsidiary of one of
agencies to take certain supervisory substance of the collection. The overall the following: (A) A covered depository
actions when FDIC-insured institutions reduction in burden hours is the result institution holding company or
fall within certain capital categories. of economic fluctuation. In particular, depository institution that has total
They also restrict or prohibit certain the number of respondents has assets equal to $250 billion or more; (B)
activities and require the submission of decreased while the hours per response a covered depository institution holding
a capital restoration plan when an and frequency of responses have company or depository institution that
insured institution becomes remained the same. has total consolidated on-balance sheet
undercapitalized. Various provisions of 2. Title: Liquidity Coverage Ratio: foreign exposure equal to $10 billion or
the statute and the FDIC’s implementing Liquidity Risk Measurement, Standards,
sradovich on DSK3GMQ082PROD with NOTICES
more; or (C) a company that has been
regulations require the prior approval of and Monitoring (LCR).
designated by the Financial Stability
the FDIC before an FDIC-supervised OMB Number: 3064–0197.
Oversight Council for supervision by the
institution, or certain insured Form Number: None.
Board of Governors of the Federal
depository institutions, can engage in Affected Public: State savings
Reserve System.
certain activities, or allow the FDIC to associations and State nonmember
make exceptions to restrictions that banks that (i) have total consolidated Burden Estimate:
would otherwise be imposed. This assets equal to $250 billion or more; (ii)
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![Federal Register / Vol. 83, No. 55 / Wednesday, March 21, 2018 / Notices 12395
the accuracy of the estimates of the Paperwork Reduction Act Submission, supervise these organizations. HCs file
burden of the information collections, supporting statements and approved the FRY–9C and FR Y–9LP quarterly,
including the validity of the collection of information instrument(s) and the FR Y–9SP semiannually, the FR
methodology and assumptions used; (c) are placed into OMB’s public docket Y–9ES annually, and the FR Y–9CS on
ways to enhance the quality, utility, and files. The Federal Reserve may not a schedule that is determined when this
clarity of the information to be conduct or sponsor, and the respondent supplement is used.
collected; and (d) ways to minimize the is not required to respond to, an Proposed revisions: The Board is
burden of the collections of information information collection that has been implementing a number of revisions to
on respondents, including through the extended, revised, or implemented on or the FR Y–9C requirements, most of
use of automated collection techniques after October 1, 1995, unless it displays which are consistent with the recent
or other forms of information a currently valid OMB control number. changes to the Federal Financial
technology. All comments will become Institutions Examination Council
a matter of public record. Final Approval Under OMB Delegated (FFIEC) Consolidated Reports of
Authority of the Extension for Three Condition and Income (Call Reports)
Dated at Washington, DC, on March 16, Years, With Revision, of the Following
2018. (FFIEC 031, FFIEC 041, and FFIEC 051;
Report OMB No. 7100–0036). The revisions to
Federal Deposit Insurance Corporation.
Robert E. Feldman, Report title: Consolidated Financial the FR Y–9C include deletions,
Statements for Holding Companies, consolidations of existing data items
Executive Secretary.
Parent Company Only Financial into new data items, reductions in
[FR Doc. 2018–05711 Filed 3–20–18; 8:45 am]
Statements for Large Holding reporting frequency, and new and
BILLING CODE 6714–01–P revised reporting thresholds for certain
Companies, Parent Company Only
Financial Statements for Small Holding data items. The Board is also making
Companies, Financial Statement for changes to the reporting forms and
FEDERAL RESERVE SYSTEM Employee Stock Ownership Plan instructions for the FR Y–9C, FR Y–9LP,
Holding Companies, and the and FR Y–9SP to implement accounting
Agency Information Collection changes pertaining to equity securities
Supplement to the Consolidated
Activities; Announcement of Board under Accounting Standards update
Financial Statements for Holding
Approval Under Delegated Authority (ASU No. 2016–01, ‘‘Recognition and
Companies.
and Submission to OMB Measurement of Financial Assets and
Agency form number: FR Y–9C, FR Y–
AGENCY: Board of Governors of the 9LP, FR Y–9SP, FR Y–9ES, and FR Y– Financial Liabilities.’’). The accounting
Federal Reserve System. 9CS. changes pertaining to equity securities
SUMMARY: The Board of Governors of the OMB control number: 7100–0128. would be effective beginning with the
Federal Reserve System (Board) is Frequency: Quarterly and reports reflecting the March 31, 2018,
adopting a proposal to extend for three semiannually. report date and June 30, 2018 for all
years, with revision, the mandatory Reporters: Bank holding companies other changes. The changes include:
Financial Statements for Holding (BHCs), savings and loan holding • Deleting and combining of certain
Companies (FR Y–9) (OMB No. 7100– companies, securities holding data items pertaining to (1) Goodwill
0128). companies, and U.S. Intermediate and Other intangible assets from
Holding Companies (IHCs) (collectively, Schedule HC, Balance Sheet; (2) U.S.
FOR FURTHER INFORMATION CONTACT: holding companies (HCs)). Government agency obligations and
Federal Reserve Board Clearance Estimated annual reporting hours: FR structured financial products from
Officer—Nuha Elmaghrabi—Office of Y–9C (non-advanced approaches Schedule HC–B, Securities; (3)
the Chief Data Officer, Board of holding companies): 119,094 hours; FR Structured financial products and
Governors of the Federal Reserve Y–9C (advanced approached holding certain loans and the unpaid principal
System, Washington, DC 20551, (202) companies): 3,482 hours; FR Y–9LP: balance of such loans on Schedule HC–
452–3829. Telecommunications Device 16,442 hours; FR Y–9SP: 42,001; FR Y– D, Trading Assets; (4) Certain over-the
for the Deaf (TDD) users may contact 9ES: 40 hours; FR Y–9CS: 472 hours. counter derivatives on Schedule HC–L,
(202) 263–4869, Board of Governors of Estimated average hours per response: Derivatives and Off-Balance sheet items,
the Federal Reserve System, FR Y–9C (non-advanced approaches and (5) Purchased credit card
Washington, DC 20551. OMB Desk holding companies): 47.11 hours; FR Y– relationships and nonmortgage servicing
Officer—Shagufta Ahmed—Office of 9C (advanced approached holding assets from Schedule HC–M,
Information and Regulatory Affairs, companies HCs): 48.36 hours; FR Y– Memoranda;
Office of Management and Budget, New 9LP: 5.27 hours; FR Y–9SP: 5.40 hours; • Deleting two preprinted captions
Executive Office Building, Room 10235, FR Y–9ES: 0.50 hours; FR Y–9CS: 0.50 for other noninterest income on
725 17th Street NW, Washington, DC hours. Schedule HI, Income Statement and
20503 or by fax to (202) 395–6974. Number of respondents: FR Y–9C certain data items on Schedule HC–D,
SUPPLEMENTARY INFORMATION: On June (non-advanced approaches holding Trading Assets and Liabilities;
15, 1984, the Office of Management and companies): 632; FR Y–9C (advanced • Deleting Column B (Domestic
Budget (OMB) delegated to the Board approached holding companies): 18; FR Office) from Schedule HC–D, Trading
authority under the Paperwork Y–9LP: 780; FR Y–9SP: 3,889; FR Y– Assets and Liabilities;
Reduction Act (PRA) to approve of and 9ES: 80; FR Y–9CS: 236. • Reducing the reporting frequency
assign OMB control numbers to General description of report:
sradovich on DSK3GMQ082PROD with NOTICES
from quarterly to semiannual and from
collection of information requests and Pursuant to the Bank Holding Company quarterly to annual for certain data
requirements conducted or sponsored Act of 1956 (BHC Act), as amended, and items on the FR Y–9C report;
by the Board. Board-approved the Home Owners’ Loan Act (HOLA), • Increasing and adding reporting
collections of information are the Federal Reserve requires HCs to thresholds for certain data items in four
incorporated into the official OMB provide standardized financial FR Y–9C schedules;
inventory of currently approved statements to fulfill the Federal • Revising the reporting forms and
collections of information. Copies of the Reserve’s statutory obligation to instructions to implement the reporting
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Document Created: 2018-03-21 00:45:58
Document Modified: 2018-03-21 00:45:58
| 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 May 21, 2018. | |
| Contact | Jennifer Jones, 202-898-6768, [email protected], Counsel, MB-3105, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. | |
| FR Citation | 83 FR 12393 |
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