83 FR 18841 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 83, Issue 83 (April 30, 2018)
Federal Register Volume 83, Issue 83 (April 30, 2018)
| Page Range | 18841-18842 | |
| FR Document | 2018-09014 |
[Federal Register Volume 83, Number 83 (Monday, April 30, 2018)] [Notices] [Pages 18841-18842] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-09014] ======================================================================= ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION [OMB No. 3064-0109] Agency Information Collection Activities: Proposed Collection Renewal; 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 an existing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). Currently, the FDIC is soliciting comment on renewal of the information collection described below. DATES: Comments must be submitted on or before June 29, 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: 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 OMB control number 3064-0109. 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, Counsel, 202-898-3767, [email protected], MB-3007, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. SUPPLEMENTARY INFORMATION: Proposal to renew the following currently approved collection of information: Title: Notice of Branch Closure. OMB Number: 3064-0109. Form Number: None. Affected Public: Insured depository institutions. Burden Estimate: Summary of Annual Burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Average Estimated total Estimated time per annual Type of burden Obligation to respond number of response Frequency of response estimated respondents (hours) burden (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- Adoption of Closure Policy......... Recordkeeping......... Mandatory................ 23 8 One time................. 184 Notice of Closure.................. Disclosure............ Mandatory................ 683 2 One time................. 1,366 ----------------------------------------------------------------- Total Estimated Annual Burden.. ...................... ......................... ........... ........... ......................... 1,550 -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: Section 42 of the Federal Deposit Insurance Act mandates that an insured depository institution closing a branch notify its primary federal regulator not later than 90 days prior to the closing. The statute also provides that a notice be posted on the premises of the branch for the 30-day period immediately prior to the closing and that the customers be notified in a mailing at least 90 days prior to the closing. Each insured depository institution that has one or more branches is required to adopt a written policy for branch closings. Burden Estimate Methodology and Assumptions: There are no changes in the methodology or substance of this information collection. FDIC believes that the existing estimate of the time required to develop a written branch closure policy and to provide the required branch closure notices is accurate. The number of branch closure notifications is closely related to the number of branches closed, while the number of closure policy adoptions equals the number newly chartered branch banking institutions and the number of existing banking institutions that transition from having no branches to having at least one branch. To derive an estimate of average annual branch closure notifications, FDIC Risk Management Supervision (RMS) staff counted the number of full-service standalone and in-store branches that closed between 2015 and 2017. In addition, FDIC staff count the number of [[Page 18842]] newly chartered branch banking institutions and the number of institutions that transitioned from having no branches to having at least one branch. FDIC records reflect that there were 683 branch closures, on average, each year between 2015 and 2017. FDIC estimates that an average of 23 institutions each year will transition from having no branches to having at least one branch. 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 April 25, 2018. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2018-09014 Filed 4-27-18; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 83, No. 83 / Monday, April 30, 2018 / Notices 18841
the employer would need to transfer For the Commission. • https://www.FDIC.gov/regulations/
information received to a database Dated: April 18, 2018. laws/federal.
either manually or electronically; and Victoria A. Lipnic, • Email: comments@fdic.gov. Include
the employer would need to store the 13 Acting Chair. the name and number of the collection
characters of information for each [FR Doc. 2018–08993 Filed 4–27–18; 8:45 am] in the subject line of the message.
applicant. Recordkeeping costs and BILLING CODE 6570–01–P
• Mail: Manny Cabeza (202–898–
burden are assumed to be the time cost 3767), Counsel, MB–3007, Federal
associated with entering 13 keystrokes. Deposit Insurance Corporation, 550 17th
Assuming that the required Street NW, Washington, DC 20429.
FEDERAL DEPOSIT INSURANCE
recordkeeping takes 30 seconds per CORPORATION • Hand Delivery: Comments may be
record, and assuming a total of hand-delivered to the guard station at
1,878,031,768 paper and electronic [OMB No. 3064–0109] the rear of the 17th Street Building
applications per year (as calculated (located on F Street), on business days
Agency Information Collection between 7:00 a.m. and 5:00 p.m.
above), the resulting UGESP burden Activities: Proposed Collection
hours would be 7,825,132. Based on a All comments should refer to OMB
Renewal; Comment Request control number 3064–0109. A copy of
wage rate of $15.21 per hour for the
individuals entering the data, the AGENCY: Federal Deposit Insurance the comments may also be submitted to
collection and storage of applicant Corporation (FDIC). the OMB desk officer for the FDIC:
demographic data would come to ACTION: Notice and request for comment.
Office of Information and Regulatory
approximately $119,020,258 per year for Affairs, Office of Management and
Title VII-covered employers. We expect SUMMARY: The FDIC, as part of its Budget, New Executive Office Building,
that the foregoing assumptions are over- continuing effort to reduce paperwork Washington, DC 20503.
inclusive, because many employers and respondent burden, invites the FOR FURTHER INFORMATION CONTACT:
have electronic job application general public and other Federal Manny Cabeza, Counsel, 202–898–3767,
processes that should be able to capture agencies to take this opportunity to mcabeza@FDIC.gov, MB–3007, Federal
applicant flow data automatically. comment on the renewal of an existing Deposit Insurance Corporation, 550 17th
However, the average burden per information collection, as required by Street NW, Washington, DC 20429.
employer is relatively small. As stated the Paperwork Reduction Act of 1995 SUPPLEMENTARY INFORMATION:
above, we estimate that UGESP applies (PRA). Currently, the FDIC is soliciting Proposal to renew the following
to 961,709 employers. Therefore, the comment on renewal of the information currently approved collection of
cost per covered employer is less than collection described below. information:
$124 each ($119,020,258 divided by DATES: Comments must be submitted on Title: Notice of Branch Closure.
961,709 is equal to $123.76). or before June 29, 2018. OMB Number: 3064–0109.
Additionally, UGESP allows for ADDRESSES: Interested parties are Form Number: None.
simplified recordkeeping for employers invited to submit written comments to Affected Public: Insured depository
with more than 15 but less than 100 the FDIC by any of the following institutions.
employees.8 methods: Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Average
Estimated
Estimated total annual
Obligation time per Frequency
Type of burden number of estimated
to respond response of response
respondents burden
(hours) (hours)
Adoption of Closure Policy .................... Recordkeeping ...................................... Mandatory ......... 23 8 One time ............ 184
Notice of Closure ................................... Disclosure ............................................. Mandatory ......... 683 2 One time ............ 1,366
Total Estimated Annual Burden ...... ............................................................... ........................... .................... .................... ........................... 1,550
General Description of Collection: more branches is required to adopt a number of closure policy adoptions
Section 42 of the Federal Deposit written policy for branch closings. equals the number newly chartered
Insurance Act mandates that an insured Burden Estimate Methodology and branch banking institutions and the
depository institution closing a branch Assumptions: There are no changes in number of existing banking institutions
notify its primary federal regulator not the methodology or substance of this that transition from having no branches
later than 90 days prior to the closing. information collection. FDIC believes to having at least one branch. To derive
The statute also provides that a notice that the existing estimate of the time an estimate of average annual branch
be posted on the premises of the branch required to develop a written branch closure notifications, FDIC Risk
for the 30-day period immediately prior closure policy and to provide the Management Supervision (RMS) staff
to the closing and that the customers be required branch closure notices is counted the number of full-service
notified in a mailing at least 90 days accurate. The number of branch closure standalone and in-store branches that
nshattuck on DSK9F9SC42PROD with NOTICES
prior to the closing. Each insured notifications is closely related to the closed between 2015 and 2017. In
depository institution that has one or number of branches closed, while the addition, FDIC staff count the number of
8 See 29 CFR 1607.15A(1): Simplified required to file EEO–1, et seq., reports, such users where appropriate by race and national origin; (b)
recordkeeping for users with less than 100 may satisfy the requirements of this section 15 if The number of applicants for hire and promotion
employees. In order to minimize recordkeeping they maintain and have available records showing, by sex and where appropriate by race and national
burdens on employers who employ one hundred for each year: (a) The number of persons hired, origin; and (c) The selection procedures utilized
(100) or fewer employees, and other users not promoted, and terminated for each job, by sex, and (either standardized or not standardized).
VerDate Sep<11>2014 15:01 Apr 27, 2018 Jkt 244001 PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 E:\FR\FM\30APN1.SGM 30APN1](https://thefederalregister.org/doc/83_FR_18924/page/1.svg)
![18842 Federal Register / Vol. 83, No. 83 / Monday, April 30, 2018 / Notices
newly chartered branch banking OMB Desk Officer—Shagufta CFR 206.3, requires insured depository
institutions and the number of Ahmed—Office of Information and institutions to establish and maintain
institutions that transitioned from Regulatory Affairs, Office of policies and procedures designed to
having no branches to having at least Management and Budget, New prevent excessive exposure to
one branch. FDIC records reflect that Executive Office Building, Room 10235, ‘‘correspondents,’’ which include non-
there were 683 branch closures, on 725 17th Street NW, Washington, DC affiliated U.S. insured depository
average, each year between 2015 and 20503 or by fax to (202) 395–6974. institutions and non-affiliated foreign
2017. FDIC estimates that an average of SUPPLEMENTARY INFORMATION: On June banks. Regulation F limits the risks that
23 institutions each year will transition 15, 1984, the Office of Management and the failure of a correspondent would
from having no branches to having at Budget (OMB) delegated to the Board pose to insured depository institutions.
least one branch. authority under the Paperwork Where exposure to a correspondent is
Reduction Act (PRA) to approve of and significant, the policies and procedures
Request for Comment
assign OMB control numbers to shall require periodic reviews of the
Comments are invited on: (a) Whether collection of information requests and financial condition of the correspondent
the collection of information is requirements conducted or sponsored and shall take into account any
necessary for the proper performance of by the Board. Board-approved deterioration in the correspondent’s
the FDIC’s functions, including whether collections of information are financial condition. Where the financial
the information has practical utility; (b) incorporated into the official OMB condition of the correspondent and the
the accuracy of the estimates of the inventory of currently approved form or maturity of the exposure create
burden of the information collection, collections of information. Copies of the a significant risk that payments will not
including the validity of the Paperwork Reduction Act Submission, be made in full or in a timely manner,
methodology and assumptions used; (c) supporting statements and approved the policies and procedures should limit
ways to enhance the quality, utility, and collection of information instrument(s) the bank’s exposure to the
clarity of the information to be are placed into OMB’s public docket correspondent, either by the
collected; and (d) ways to minimize the files. The Federal Reserve may not establishment of internal limits or by
burden of the collection of information conduct or sponsor, and the respondent other means.
on respondents, including through the is not required to respond to, an The Board has updated its burden
use of automated collection techniques information collection that has been estimate for this information collection
or other forms of information extended, revised, or implemented on or to account for all depository institutions
technology. All comments will become after October 1, 1995, unless it displays insured by the Federal Deposit
a matter of public record. a currently valid OMB control number. Insurance Corporation (FDIC), all of
Dated at Washington, DC, on April 25, Final approval under OMB delegated which are potential respondents. The
2018. authority of the extension for three Board’s previous burden estimate
Federal Deposit Insurance Corporation. years, without revision, of the following accounted only for state member banks.
Robert E. Feldman, report: The increase in burden reflects the
Report title: Recordkeeping update to correct the number of
Executive Secretary.
Requirements Associated with potential respondents, and is not due to
[FR Doc. 2018–09014 Filed 4–27–18; 8:45 am]
Limitations on Interbank Liabilities. a change in burden for individual
BILLING CODE 6714–01–P Agency form number: Regulation F. institutions.
OMB control number: 7100–0331.
Legal authorization and
Frequency: On occasion.
Respondents: Depository institutions confidentiality: The Board’s Legal
FEDERAL RESERVE SYSTEM
insured by the Federal Deposit Division has determined that the
Agency Information Collection Insurance Corporation (FDIC). recordkeeping requirements of
Activities: Announcement of Board Estimated number of respondents: Regulation F are mandatory and
Approval Under Delegated Authority State member banks: 829; non-member authorized by section 23 of the Federal
and Submission to OMB banks: 3,396; national banks: 921; state Reserve Act, as added by section 308 of
savings banks: 309; federal savings the Federal Deposit Insurance
AGENCY: Board of Governors of the Corporation Improvement Act of 1991
banks: 228; savings & loan associations:
Federal Reserve System. (FDICIA) (12 U.S.C. 371b–2). Because
195; insured federal branch of foreign
SUMMARY: The Board of Governors of the banking organization: 4; insured state the Board does not collect any
Federal Reserve System (Board) is branch of foreign banking organization: information, no issue of confidentiality
adopting a proposal to extend for three 6; non-depository trust company normally arises. However, if a
years, without revision, the member: 2; cooperative banks: 33. compliance program becomes a Board
Recordkeeping Requirements Estimated average hours per response: record during an examination, the
Associated with Limitations on 8 hours. information may be protected from
Interbank Liabilities (Regulation F; OMB Estimated annual burden hours: State disclosure under exemptions (b)(4) and
No. 7100–0331). member banks: 6,632; non-member (b)(8) of the Freedom of Information Act
FOR FURTHER INFORMATION CONTACT: banks: 27,168; national banks: 7,368; (5 U.S.C. 552(b)(4) and (b)(8)).
Federal Reserve Board Clearance state savings banks: 2,472; federal Current actions: On January 23, 2018,
Officer—Nuha Elmaghrabi—Office of savings banks: 1,824; savings & loan the Board published a notice in the
the Chief Data Officer, Board of associations: 1,560; insured federal Federal Register (83 FR 3148)
nshattuck on DSK9F9SC42PROD with NOTICES
Governors of the Federal Reserve branch of foreign banking organization: requesting public comment for 60 days
System, Washington, DC 20551 (202) 32; insured state branch of foreign on the extension for three years, without
452–3829. Telecommunications Device banking organization: 48; non- revision, of the Recordkeeping
for the Deaf (TDD) users may contact depository trust company member: 16; Requirements Associated with
(202) 263–4869, Board of Governors of cooperative banks: 264. Limitations on Interbank Liabilities
the Federal Reserve System, General description of report: Section (Regulation F). The comment period for
Washington, DC 20551. 206.3 of the Board’s Regulation F, 12 this notice expired on March 26, 2018.
VerDate Sep<11>2014 15:01 Apr 27, 2018 Jkt 244001 PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 E:\FR\FM\30APN1.SGM 30APN1](https://thefederalregister.org/doc/83_FR_18924/page/2.svg)
Document Created: 2018-04-28 01:04:09
Document Modified: 2018-04-28 01:04:09
| 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 June 29, 2018. | |
| Contact | Manny Cabeza, Counsel, 202-898-3767, [email protected], MB-3007, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. | |
| FR Citation | 83 FR 18841 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR