83 FR 24117 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0028)
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 83, Issue 101 (May 24, 2018)
Federal Register Volume 83, Issue 101 (May 24, 2018)
| Page Range | 24117-24118 | |
| FR Document | 2018-11182 |
[Federal Register Volume 83, Number 101 (Thursday, May 24, 2018)] [Notices] [Pages 24117-24118] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-11182] ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0028) 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. Currently, the FDIC is soliciting comment on the renewal of the information collection described below. DATES: Comments must be submitted on or before July 23, 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, Counsel, 202-898-6768, [email protected], MB-3105, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. SUPPLEMENTARY INFORMATION: Proposal to renew the following currently approved collection of information: 1. Title: Recordkeeping and Confirmation Requirements for Securities Transactions. OMB Number: 3064-0028. Form Number: None. Affected Public: FDIC-Insured Institutions and Certain Employees of the FDIC-Insured Institutions. Burden Estimate: [[Page 24118]] Summary of Annual Burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Total Obligation to Estimated frequency Estimated Frequency of annual Type of burden respond number of of time per response estimated respondents responses response burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Recordkeeping and Confirmation Recordkeeping............... Mandatory......... 680 12 0.25 Monthly........... 2,040 Requirements for Securities Transactions--344.4. Maintain Securities Trading Recordkeeping............... Mandatory......... 680 12 0.25 Monthly........... 2,040 Policies and Procedures-- 344.8. Provide Customer with Copy of Third-Party Disclosure...... Mandatory......... 680 12 5 Monthly........... 40,800 Broker/Dealer Confirmation and Remuneration Received OR Written Notification or Alternative Notification-- 344.5 and 344.6. Officer/Employee Filing of Third-Party Disclosure...... Mandatory......... 3,400 4 1.50 Quarterly......... 20,400 Reports of Personal Securities Trading Transactions--344.9 (assumes 5 officers/employees at each institution with income from securities broker activity). ----------------------------------------------------------------------- Total hourly burden....... ............................ .................. ........... ........... ........... .................. 65,280 -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: The collection of information requirements are contained in 12 CFR part 344. The purpose of the regulation is to ensure that purchasers of securities in transactions affected by insured state nonmember banks are provided with adequate records concerning the transactions. The regulation is also designed to ensure that insured state nonmember banks maintain adequate records and controls with respect to the securities transactions they effect. Finally, this regulation requires officers and employees of FDIC- supervised institutions to report to the FDIC-supervised institution certain personal securities trading activity. The FDIC has reviewed its previous submission related to the Paperwork Reduction Act of 1995 and has updated its methodology for calculating the burden in order to be consistent with the Federal Reserve Board and the Office of the Comptroller of the Currency. In addition, the FDIC has reviewed and revised its estimated number of respondents to ensure that only those institutions with income from securities brokerage activity are included its respondent count. The overall decrease in burden hours is the result of these changes. 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 May 21, 2018. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary, [FR Doc. 2018-11182 Filed 5-23-18; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 83, No. 101 / Thursday, May 24, 2018 / Notices 24117
• Hand Delivery: Comments may be Budget, New Executive Office Building, 1. Title: Customer Assistance Forms.
hand-delivered to the guard station at Washington, DC 20503. OMB Number: 3064–0134.
the rear of the 17th Street Building FOR FURTHER INFORMATION CONTACT:
(located on F Street), on business days Form Number: FDIC 6422/04—
Jennifer Jones, Counsel, 202–898–6768,
between 7:00 a.m. and 5:00 p.m. Customer Assistance Form; FDIC 6422/
jennjones@fdic.gov, MB–3105, Federal
11—Business Assistance Form; FDIC
All comments should refer to the Deposit Insurance Corporation, 550 17th
6422/15—FDIC Deposit Insurance Form.
relevant OMB control number. A copy Street NW, Washington, DC 20429.
of the comments may also be submitted SUPPLEMENTARY INFORMATION: Affected Public: Individuals,
to the OMB desk officer for the FDIC: Proposal to renew the following Households, Business or Financial
Office of Information and Regulatory currently approved collection of Institutions.
Affairs, Office of Management and information: Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Estimated Estimated Total annual
Type of Obligation to Estimated time Frequency of
number of frequency of estimated
burden respond per response response
respondents responses burden
Customer Assistance Reporting .... Voluntary .... 7,000 1 0.25 On Occasion ..... 1,750
Form (6422/04).
Business Assistance Reporting .... Voluntary .... 100 1 0.25 On Occasion ..... 25
Form (6422/11).
FDIC Deposit Insurance Reporting .... Voluntary .... 1,000 1 0.25 On Occasion ..... 250
Form (6422/15).
Total Hourly Burden ..................... ..................... ........................ ........................ ........................ ........................... 2,025
General Description of Collection: other forms of information technology. • https://www.FDIC.gov/regulations/
This collection facilitates the collection All comments will become a matter of laws/federal.
of information from customers of public record. • Email: comments@fdic.gov. Include
financial institutions that have inquiries Dated at Washington, DC, on May 21, 2018. the name and number of the collection
or complaints about service. Customers Federal Deposit Insurance Corporation. in the subject line of the message.
or businesses may document their
Robert E. Feldman, • Mail: Jennifer Jones (202–898–
complaints or inquiries to the FDIC 6768), Counsel, MB–3105, Federal
Executive Secretary.
using a letter or optional forms (Form Deposit Insurance Corporation, 550 17th
6422/04; Form 6422/11; Form 6422/15). [FR Doc. 2018–11183 Filed 5–23–18; 8:45 am]
Street NW, Washington, DC 20429.
The Forms are used to facilitate online BILLING CODE 6714–01–P
• Hand Delivery: Comments may be
completion and submission of the hand-delivered to the guard station at
complaints or inquiries and to shorten the rear of the 17th Street Building
FDIC response times by making it easier FEDERAL DEPOSIT INSURANCE
CORPORATION (located on F Street), on business days
to identify the nature of the complaint between 7:00 a.m. and 5:00 p.m.
and to route the customer or business Agency Information Collection All comments should refer to the
inquiry to the appropriate FDIC contact. Activities: Proposed Collection relevant OMB control number. A copy
There is no change in the method or Renewal; Comment Request (OMB No. of the comments may also be submitted
substance of the collection. The overall 3064–0028) to the OMB desk officer for the FDIC:
reduction in burden hours is the result Office of Information and Regulatory
of economic fluctuation. In particular, AGENCY: Federal Deposit Insurance Affairs, Office of Management and
the number of respondents has Corporation (FDIC). Budget, New Executive Office Building,
decreased while the hours per response ACTION: Notice and request for comment. Washington, DC 20503.
and frequency of responses have
SUMMARY: The FDIC, as part of its FOR FURTHER INFORMATION CONTACT:
remained the same.
continuing effort to reduce paperwork Jennifer Jones, Counsel, 202–898–6768,
Request for Comment: Comments are
and respondent burden, invites the jennjones@fdic.gov, MB–3105, Federal
invited on: (a) Whether the collection of
general public and other Federal Deposit Insurance Corporation, 550 17th
information is necessary for the proper
agencies to take this opportunity to Street NW, Washington, DC 20429.
performance of the FDIC’s functions,
including whether the information has comment on the renewal of the existing SUPPLEMENTARY INFORMATION: Proposal
practical utility; (b) the accuracy of the information collection, as required by to renew the following currently
estimates of the burden of the the Paperwork Reduction Act of 1995. approved collection of information:
information collection, including the Currently, the FDIC is soliciting 1. Title: Recordkeeping and
validity of the methodology and comment on the renewal of the Confirmation Requirements for
assumptions used; (c) ways to enhance information collection described below. Securities Transactions.
sradovich on DSK3GMQ082PROD with NOTICES
the quality, utility, and clarity of the DATES: Comments must be submitted on OMB Number: 3064–0028.
information to be collected; and (d) or before July 23, 2018. Form Number: None.
ways to minimize the burden of the ADDRESSES: Interested parties are Affected Public: FDIC-Insured
collection of information on invited to submit written comments to Institutions and Certain Employees of
respondents, including through the use the FDIC by any of the following the FDIC-Insured Institutions.
of automated collection techniques or methods: Burden Estimate:
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![24118 Federal Register / Vol. 83, No. 101 / Thursday, May 24, 2018 / Notices
SUMMARY OF ANNUAL BURDEN
Estimated Estimated Estimated Total annual
Obligation to Frequency of
Type of burden number of frequency of time per estimated
respond response
respondents responses response burden
Recordkeeping and Confirmation Re- Recordkeeping ............... Mandatory ....... 680 12 0.25 Monthly ............ 2,040
quirements for Securities Trans-
actions—344.4.
Maintain Securities Trading Policies and Recordkeeping ............... Mandatory ....... 680 12 0.25 Monthly ............ 2,040
Procedures—344.8.
Provide Customer with Copy of Broker/ Third-Party Disclosure .... Mandatory ....... 680 12 5 Monthly ............ 40,800
Dealer Confirmation and Remuneration
Received OR Written Notification or Al-
ternative Notification—344.5 and 344.6.
Officer/Employee Filing of Reports of Per- Third-Party Disclosure .... Mandatory ....... 3,400 4 1.50 Quarterly ......... 20,400
sonal Securities Trading Trans-
actions—344.9 (assumes 5 officers/em-
ployees at each institution with income
from securities broker activity).
Total hourly burden ........................... ......................................... ......................... .................... .................... .................... ......................... 65,280
General Description of Collection: The use of automated collection techniques noted, nonbanking activities will be
collection of information requirements or other forms of information conducted throughout the United States.
are contained in 12 CFR part 344. The technology. All comments will become Unless otherwise noted, comments
purpose of the regulation is to ensure a matter of public record. regarding each of these applications
that purchasers of securities in Dated at Washington, DC, on May 21, 2018. must be received at the Reserve Bank
transactions affected by insured state Federal Deposit Insurance Corporation. indicated or the offices of the Board of
nonmember banks are provided with Robert E. Feldman, Governors not later than June 19, 2018.
adequate records concerning the A. Federal Reserve Bank of Atlanta
Executive Secretary,
transactions. The regulation is also (Kathryn Haney, Director of
[FR Doc. 2018–11182 Filed 5–23–18; 8:45 am]
designed to ensure that insured state Applications) 1000 Peachtree Street NE,
BILLING CODE 6714–01–P
nonmember banks maintain adequate Atlanta, Georgia 30309. Comments can
records and controls with respect to the also be sent electronically to
securities transactions they effect. Applications.Comments@atl.frb.org:
Finally, this regulation requires officers 1. First US Bancshares, Inc.,
and employees of FDIC-supervised FEDERAL RESERVE SYSTEM
Birmingham, Alabama; to acquire 100
institutions to report to the FDIC- Formations of, Acquisitions by, and percent of the voting shares of The
supervised institution certain personal Mergers of Bank Holding Companies Peoples Bank, Rose Hill, Virginia.
securities trading activity. 2. National Commerce Corporation,
The FDIC has reviewed its previous The companies listed in this notice Birmingham, Alabama; to merge with
submission related to the Paperwork have applied to the Board for approval, Landmark Bancshares, Inc., and thereby
Reduction Act of 1995 and has updated pursuant to the Bank Holding Company indirectly acquire its subsidiary, First
its methodology for calculating the Act of 1956 (12 U.S.C. 1841 et seq.) Landmark Bank, both of Marietta,
burden in order to be consistent with (BHC Act), Regulation Y (12 CFR part Georgia.
the Federal Reserve Board and the 225), and all other applicable statutes
Office of the Comptroller of the Board of Governors of the Federal Reserve
and regulations to become a bank System, May 21, 2018.
Currency. In addition, the FDIC has holding company and/or to acquire the
reviewed and revised its estimated Yao-Chin Chao,
assets or the ownership of, control of, or Assistant Secretary of the Board.
number of respondents to ensure that the power to vote shares of a bank or
only those institutions with income [FR Doc. 2018–11118 Filed 5–23–18; 8:45 am]
bank holding company and all of the
from securities brokerage activity are BILLING CODE P
banks and nonbanking companies
included its respondent count. The
owned by the bank holding company,
overall decrease in burden hours is the
including the companies listed below.
result of these changes.
The applications listed below, as well DEPARTMENT OF HEALTH AND
Request for Comment as other related filings required by the HUMAN SERVICES
Comments are invited on: (a) Whether Board, are available for immediate
inspection at the Federal Reserve Bank Centers for Disease Control and
the collection of information is
indicated. The applications will also be Prevention
necessary for the proper performance of
the FDIC’s functions, including whether available for inspection at the offices of Board of Scientific Counselors, Office
the information has practical utility; (b) the Board of Governors. Interested of Public Health Preparedness and
the accuracy of the estimates of the persons may express their views in Response (BSC, OPHPR); Correction
writing on the standards enumerated in
sradovich on DSK3GMQ082PROD with NOTICES
burden of the information collection,
including the validity of the the BHC Act (12 U.S.C. 1842(c)). If the Notice is hereby given of a change in
methodology and assumptions used; (c) proposal also involves the acquisition of the meeting of the Board of Scientific
ways to enhance the quality, utility, and a nonbanking company, the review also Counselors, Office of Public Health
clarity of the information to be includes whether the acquisition of the Preparedness and Response, (BSC,
collected; and (d) ways to minimize the nonbanking company complies with the OPHPR); May 9, 2018, 10:00 a.m.–5:30
burden of the collection of information standards in section 4 of the BHC Act p.m., EDT and May 10, 2018, 8:30 a.m.–
on respondents, including through the (12 U.S.C. 1843). Unless otherwise 3:30 p.m., EDT which was published in
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Document Created: 2018-05-24 00:05:02
Document Modified: 2018-05-24 00:05:02
| 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 July 23, 2018. | |
| Contact | Jennifer Jones, Counsel, 202-898-6768, [email protected], MB-3105, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. | |
| FR Citation | 83 FR 24117 |
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