83_FR_32424 83 FR 32290 - Agency Information Collection Activities: Submission for OMB Review; Comment Request (OMB No. 3064-0109; 0124; and 0162)

83 FR 32290 - Agency Information Collection Activities: Submission for OMB Review; Comment Request (OMB No. 3064-0109; 0124; and 0162)

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 83, Issue 134 (July 12, 2018)

Page Range32290-32293
FR Document2018-14864

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. The FDIC published notices of its intent to renew the information collections described below in the Federal Register and requested comment for 60 days. 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 the renewal.

Federal Register, Volume 83 Issue 134 (Thursday, July 12, 2018)
[Federal Register Volume 83, Number 134 (Thursday, July 12, 2018)]
[Notices]
[Pages 32290-32293]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-14864]


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

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (OMB No. 3064-0109; 0124; and 0162)

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. The FDIC published notices of its intent to renew the information 
collections described below in the Federal Register and requested 
comment for 60 days. 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 the renewal.

DATES: Comments must be submitted on or before August 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: comments@fdic.gov. Include the name and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza, Counsel, Room 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 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: Manny Cabeza, Counsel, 202-898-3767, 
mcabeza@FDIC.gov, MB-3007, Federal Deposit Insurance Corporation, 550 
17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: 
    Proposal to renew the following currently approved collections of 
information:
    1. Title: Notice of Branch Closure.
    OMB Number: 3064-0109.
    Form Number: None.
    Affected Public: Insured depository institutions.
    Burden Estimate:

[[Page 32291]]



                                                                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  On occasion.............        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 newly chartered branch banking institutions and the number of 
institutions that transitioned 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 counted the 
number of 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.
    2. Title: Notification of Change of Insured Status.
    OMB Number: 3064-0124.
    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)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Certification....................  Reporting................  Mandatory................          150          .25  On Occasion.............         37.5
Notification.....................  Disclosure...............  Mandatory................            2            1  On Occasion.............            2
                                                                                        ----------------------------------------------------------------
    Total Estimated Annual Burden  .........................  .........................  ...........  ...........  ........................         39.5
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection:
    This information collection consists of two parts: (1) A 
certification that insured depository institutions provide the FDIC 
when all deposit liabilities from one insured depository institution 
are assumed from another insured depository institution, with the 
latter institution responsible for providing the certification, and (2) 
a notification that an insured depository institution provides to its 
depositors when it seeks to voluntarily terminate its insured status. 
The certification is necessary to implement the provisions of section 
8(q) of the Federal Deposit Insurance Act, 12 U.S.C. 1818(q), regarding 
termination of the insured status of the transferring institution and 
termination of the separate deposit insurance coverage provided on 
deposit accounts assumed by the assuming institution. The depositor 
notification is required by section 8(a) (6) of the Federal Deposit 
Insurance Act, 12 U.S.C. 1818(a) (6). This provision ensures that the 
institution's depositors receive appropriate information regarding the 
institution's intent to terminate its insured status and that, prior to 
the termination of the institution's insured status, depositors receive 
appropriate information concerning federal deposit insurance coverage 
of their accounts once the institution's insured status is terminated.
    There is no change in the methodology or substance of this 
information collection. The number of certifications submitted under 
this information collection is closely related to the number of insured 
depository institutions that are acquired by another depository 
institution through mergers or as a result of the closing of the 
institution by its chartering authority. The number of depositor 
notifications is driven by the number of institutions that elect to 
voluntarily terminate its insured status without having its deposits 
assumed by another insured depository institution. The change in burden 
is due to economic fluctuation reflected in a lower number of 
certifications following mergers or closures and a reduction in the 
number of notifications due to voluntary terminations of insured 
status.
    3. Title: Large Bank Deposit Insurance Program.

[[Page 32292]]

    OMB Number: 3064-0162.
    Form Number: None.
    Affected Public: Insured depository institutions having at least $2 
billion in deposits and at least either: (a) 250,000 Deposit accounts; 
or (b) $20 billion in total assets, regardless of the number of deposit 
accounts (a ``covered institution'').
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                               Average
                                                                                           Average     Estimated                                total
                                                                                          estimated     time per                                annual
                                         Type of burden         Obligation to  respond    number of     response     Frequency of response    estimated
                                                                                         respondents    (hours)                                 burden
                                                                                                                                               (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                     Implementation
--------------------------------------------------------------------------------------------------------------------------------------------------------
Posting and removing provisional   Recordkeeping............  Mandatory................            8          150  One time................        1,200
 holds--360.9(c)(1) and (2).
Providing standard data format     Recordkeeping............  Mandatory................            8          110  One time................          880
 for deposit account and customer
 information--360.9(d)(1).
Notification of identity of        Reporting................  Mandatory................            8            8  One time................           64
 person responsible for producing
 standard data downloads--
 360.9(c)(3).
Request for exemption from         Reporting................  Voluntary................            1           20  On occasion.............           20
 provisional hold requirements--
 360.9(c)(9).
Provide deposit account and        Reporting................  Mandatory................            8           40  On occasion.............          320
 customer information in required
 standard format--360.9(d)(3).
Request for extension of           Reporting................  Voluntary................            1           20  On occasion.............           20
 compliance deadline--360.9(e)(7).
Request for exemption--360.9(f)..  Reporting................  Voluntary................            1           20  On occasion.............           20
                                                                                        ----------------------------------------------------------------
    Total Implementation Burden..  .........................  .........................  ...........  ...........  ........................        2,524
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                         Ongoing
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notification of identity of        Reporting................  Mandatory................          153            8  On occasion.............        1,224
 person responsible for producing
 standard data downloads--
 360.9(c)(3).
Request for exemption from         Reporting................  Voluntary................            1           20  On occasion.............           20
 provisional hold requirements--
 360.9(c)(9).
Request for exemption--360.9(f)..  Reporting................  Voluntary................            1           20  On occasion.............           20
Test compliance with 360.9(c)-(d)  Reporting................  Mandatory................           81           80  On occasion.............        6,480
 pursuant to 360.9(h).
                                                                                        ----------------------------------------------------------------
    Total Ongoing Burden.........  .........................  .........................  ...........  ...........  ........................        7,744
                                                                                        ----------------------------------------------------------------
        Total Estimated Annual     .........................  .........................  ...........  ...........  ........................       10,268
         Burden.
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: Upon the failure of an FDIC-
insured depository institution, the FDIC is required to pay insured 
deposits as soon as possible.\1\ To do so, the FDIC must be able to 
quickly determine the total insured amount for each depositor. To make 
this determination, the FDIC must ascertain the balances of all deposit 
accounts owned by the same depositor in the same ownership capacity at 
a failed institution as of the day of failure. The FDIC issued a 
regulation (12 CFR 360.9) to modernize the process of determining the 
insurance status of each depositor in the event of failure of a covered 
institution. The regulation requires covered institutions to adopt 
mechanisms that would, in the event of the institution's failure (1) 
provide the FDIC with standard deposit account and other customer 
information, and (2) allow the placement and release of holds on 
liability accounts, including deposits. The regulation applies only to 
covered institutions and imposes the following recordkeeping and 
reporting requirements:
---------------------------------------------------------------------------

    \1\ The FDIC can meet its obligation to pay insured deposits 
either by payment in cash or by making available to each depositor a 
transferred deposit in a another insured depository institution. 12 
U.S.C Sec.  1821(f)(1).
---------------------------------------------------------------------------

Recordkeeping

    360.9(c)(1) and (2)--Posting and Removing Provisional Holds. 
Covered institutions must have an automatic process for placing a 
provisional hold on deposit accounts within timeframes specified in 
FDIC regulations.
    360.9(d)(1) and (2)--Providing Standard Data Format for Deposit 
Account and Customer Information. Covered institutions must produce 
information in the specified standard data format.

Reporting

    360.9(c)(3)--Covered institutions must notify the FDIC of the 
person(s) responsible for producing required standard data downloads 
and for administering provisional holds.
    360.9(c)(9)--A covered institution may request an exemption from 
the provisional hold requirements for certain account systems servicing 
a relatively small number of accounts where manual application of 
provisional holds is feasible.
    360.9(d)(3)--Upon request by the FDIC, a covered institution must 
submit the data required by 360.9(d)(1) .
    360.9(e)(7)--A covered institution may request an extension of the 
deadline to comply with provisional hold and standard data format 
requirements.
    360.9(f)--A covered institution may request an exemption from the 
provisional hold and standard data format requirements due to high 
concentration of deposits incidental to credit card operations.
    360.9(h)--A covered institution's compliance with the recordkeeping 
and reporting requirements set forth in the rule will be tested by the 
FDIC.
    Burden Estimate Methodology and Assumptions:
    The FDIC is revising its burden estimate because the number of 
covered institutions has decreased due to economic fluctuations and 
most covered institutions have already implemented the requirements of 
the regulation and will only face reduced ongoing compliance burdens. 
Based on FDIC Call Report data,\2\ the regulation currently applies to 
145 institutions.

[[Page 32293]]

The FDIC has determined that in the past, between 1 and 3 new 
institutions per quarter have become covered under the regulation. FDIC 
estimates that on average, 2 new institutions per quarter (8 new 
institutions per year) will become covered and be subject to initial 
implementation burden. The following table reflects the FDCI's estimate 
of the breakdown of covered institutions facing implementation and 
ongoing burden during the next three years:
---------------------------------------------------------------------------

    \2\ FDIC Call Report, September 30, 2017.

                                             Number of Institutions
----------------------------------------------------------------------------------------------------------------
                                                                 Year 1       Year 2       Year 3      Average
----------------------------------------------------------------------------------------------------------------
Implementation..............................................            8            8            8            8
Ongoing.....................................................          145          153          161          153
                                                             ---------------------------------------------------
    Total...................................................          153          161          169          161
----------------------------------------------------------------------------------------------------------------

    All covered institutions will be required to comply with the 
requirements of 360.9(h). FDIC estimates that half of the covered 
institutions will be tested for compliance each year. As a result, it 
is estimated that an average of 81 covered institutions will be 
affected by this reporting burden annually. No institutions have 
requested an extension under section 360.9(e)(7), or exemptions under 
sections 360.9(c)(9) or 360.9(f). The ``Summary of Annual Burden'' 
table above lists a respondent count of 1 for these requests as 
placeholders to preserve the burden estimates for these activities.
    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 July 6, 2018.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-14864 Filed 7-11-18; 8:45 am]
 BILLING CODE 6714-01-P



                                              32290                                   Federal Register / Vol. 83, No. 134 / Thursday, July 12, 2018 / Notices

                                                   Item No.                                      Bureau                                                                         Subject

                                              3 ......................   MEDIA ......................................................   Title: Children’s Television Programming Rules (MB Docket No. 18–202); Mod-
                                                                                                                                           ernization of Media Regulation Initiative (MB Docket No. 17–105)
                                                                                                                                        Summary: The Commission will consider a Notice of Proposed Rulemaking seek-
                                                                                                                                           ing comment on proposed revisions to the children’s television programming
                                                                                                                                           rules to provide broadcasters greater flexibility in meeting their children’s pro-
                                                                                                                                           gramming obligations.
                                              4 ......................   PUBLIC SAFETY & HOMELAND SECU-                                 Title: Amendment of Part 11 of the Commission’s Rules Regarding the Emergency
                                                                          RITY.                                                            Alert System (PS Docket No. 15–94); Wireless Emergency Alerts (PS Docket
                                                                                                                                           No. 15–91)
                                                                                                                                        Summary: The Commission will consider a Report and Order and Further Notice of
                                                                                                                                           Proposed Rulemaking to improve emergency alerting, including facilitating more
                                                                                                                                           effective EAS tests and preventing false alerts.
                                              5 ......................   WIRELINE COMPETITION ......................                    Title: Nationwide Number Portability (WC Docket No. 17–244); Numbering Policies
                                                                                                                                           for Modern Communications (WC Docket No. 13–97)
                                                                                                                                        Summary: The Commission will consider a Report and Order that forbears from
                                                                                                                                           legacy requirements and amends rules to facilitate the move toward complete
                                                                                                                                           nationwide number portability to promote competition between all service pro-
                                                                                                                                           viders and increase network routing efficiencies.
                                              6 ......................   ENFORCEMENT ......................................             Title: Amendment of Procedural Rules Governing Formal Complaint Proceedings
                                                                                                                                           Delegated to the Enforcement Bureau (EB Docket No. 17–245)
                                                                                                                                        Summary: The Commission will consider a Report and Order that consolidates and
                                                                                                                                           streamlines the rules governing formal complaint proceedings delegated to the
                                                                                                                                           Enforcement Bureau.



                                              *      *     *    *     *                                              FEDERAL DEPOSIT INSURANCE                                   • Email: comments@fdic.gov. Include
                                                 The meeting site is fully accessible to                             CORPORATION                                              the name and number of the collection
                                              people using wheelchairs or other                                                                                               in the subject line of the message.
                                              mobility aids. Sign language                                           Agency Information Collection                               • Mail: Manny Cabeza, Counsel,
                                              interpreters, open captioning, and                                     Activities: Submission for OMB                           Room MB–3007, Federal Deposit
                                              assistive listening devices will be                                    Review; Comment Request (OMB No.                         Insurance Corporation, 550 17th Street
                                              provided on site. Other reasonable                                     3064–0109; 0124; and 0162)                               NW, Washington, DC 20429.
                                              accommodations for people with
                                              disabilities are available upon request.                               AGENCY: Federal Deposit Insurance                           • Hand Delivery: Comments may be
                                              In your request, include a description of                              Corporation (FDIC).                                      hand-delivered to the guard station at
                                              the accommodation you will need and                                                                                             the rear of the 17th Street Building
                                                                                                                     ACTION:      Notice and request for comment.             (located on F Street), on business days
                                              a way we can contact you if we need
                                              more information. Last minute requests                                                                                          between 7:00 a.m. and 5:00 p.m.
                                                                                                                     SUMMARY:  The FDIC, as part of its
                                              will be accepted, but may be impossible                                                                                            All comments should refer to the
                                                                                                                     continuing effort to reduce paperwork
                                              to fill. Send an email to: fcc504@fcc.gov                                                                                       relevant OMB control number. A copy
                                                                                                                     and respondent burden, invites the
                                              or call the Consumer & Governmental                                                                                             of the comments may also be submitted
                                                                                                                     general public and other Federal
                                              Affairs Bureau at 202–418–0530 (voice),                                                                                         to the OMB desk officer for the FDIC:
                                                                                                                     agencies to take this opportunity to
                                              202–418–0432 (TTY).                                                                                                             Office of Information and Regulatory
                                                                                                                     comment on the renewal of existing
                                                 Additional information concerning                                                                                            Affairs, Office of Management and
                                                                                                                     information collections, as required by
                                              this meeting may be obtained from the                                                                                           Budget, New Executive Office Building,
                                                                                                                     the Paperwork Reduction Act of 1995.
                                              Office of Media Relations, (202) 418–                                                                                           Washington, DC 20503.
                                                                                                                     The FDIC published notices of its intent
                                              0500; TTY 1–888–835–5322. Audio/
                                              Video coverage of the meeting will be                                  to renew the information collections                     FOR FURTHER INFORMATION CONTACT:
                                              broadcast live with open captioning                                    described below in the Federal Register                  Manny Cabeza, Counsel, 202–898–3767,
                                              over the internet from the FCC Live web                                and requested comment for 60 days. No                    mcabeza@FDIC.gov, MB–3007, Federal
                                              page at www.fcc.gov/live.                                              comments were received. The FDIC                         Deposit Insurance Corporation, 550 17th
                                                 For a fee this meeting can be viewed                                hereby gives notice of its plan to submit                Street NW, Washington, DC 20429.
                                              live over George Mason University’s                                    to OMB a request to approve the
                                                                                                                                                                              SUPPLEMENTARY INFORMATION:
                                              Capitol Connection. The Capitol                                        renewal of these collections, and again
                                                                                                                     invites comment on the renewal.                            Proposal to renew the following
                                              Connection also will carry the meeting
                                                                                                                                                                              currently approved collections of
                                              live via the internet. To purchase these                               DATES: Comments must be submitted on                     information:
                                              services, call (703) 993–3100 or go to                                 or before August 13, 2018.
                                              www.capitolconnection.gmu.edu.                                                                                                    1. Title: Notice of Branch Closure.
                                                                                                                     ADDRESSES:   Interested parties are                        OMB Number: 3064–0109.
                                              Federal Communications Commission.                                     invited to submit written comments to
                                              Marlene Dortch,                                                        the FDIC by any of the following                           Form Number: None.
amozie on DSK3GDR082PROD with NOTICES1




                                              Secretary.                                                             methods:                                                   Affected Public: Insured depository
                                              [FR Doc. 2018–14861 Filed 7–11–18; 8:45 am]                              • https://www.FDIC.gov/regulations/                    institutions.
                                              BILLING CODE 6712–01–P                                                 laws/federal.                                              Burden Estimate:




                                         VerDate Sep<11>2014         17:21 Jul 11, 2018      Jkt 244001     PO 00000       Frm 00031     Fmt 4703   Sfmt 4703   E:\FR\FM\12JYN1.SGM   12JYN1


                                                                                            Federal Register / Vol. 83, No. 134 / Thursday, July 12, 2018 / Notices                                                                                                                        32291

                                                                                                                                          SUMMARY OF ANNUAL BURDEN
                                                                                                                                                                                                                                                                                           Average
                                                                                                                                                                                                                                  Estimated                                                  total
                                                                                                                                                                                                           Estimated
                                                                                                                                                                              Obligation                                           time per                  Frequency                      annual
                                                                                                                                         Type of burden                                                    number of
                                                                                                                                                                              to respond                                          response                   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     On occasion .........                  1,366

                                                    Total Estimated Annual Burden ................................                    ...............................   ...............................   ....................   ....................   ...............................        1,550



                                                 General Description of Collection:                                               required branch closure notices is                                                      notifications, FDIC Risk Management
                                              Section 42 of the Federal Deposit                                                   accurate. The number of branch closure                                                  Supervision (RMS) staff counted the
                                              Insurance Act mandates that an insured                                              notifications is closely related to the                                                 number of full-service standalone and
                                              depository institution closing a branch                                             number of branches closed, while the                                                    in-store branches that closed between
                                              notify its primary federal regulator not                                            number of closure policy adoptions                                                      2015 and 2017. In addition, FDIC staff
                                              later than 90 days prior to the closing.                                            equals the number newly chartered                                                       counted the number of newly chartered
                                              The statute also provides that a notice                                             branch banking institutions and the                                                     branch banking institutions and the
                                              be posted on the premises of the branch                                             number of existing banking institutions                                                 number of institutions that transitioned
                                              for the 30-day period immediately prior                                             that transition from having no branches                                                 from having no branches to having at
                                              to the closing and that the customers be                                            to having at least one branch. To derive                                                least one branch. FDIC records reflect
                                              notified in a mailing at least 90 days                                              an estimate of average annual branch                                                    that there were 683 branch closures, on
                                              prior to the closing. Each insured                                                  closure notifications, FDIC Risk                                                        average, each year between 2015 and
                                              depository institution that has one or                                              Management Supervision (RMS) staff                                                      2017. FDIC estimates that an average of
                                              more branches is required to adopt a                                                counted the number of full-service                                                      23 institutions each year will transition
                                              written policy for branch closings.                                                 standalone and in-store branches that                                                   from having no branches to having at
                                                 Burden Estimate Methodology and                                                  closed between 2015 and 2017. In                                                        least one branch.
                                              Assumptions:                                                                        addition, FDIC staff count the number of                                                   2. Title: Notification of Change of
                                                 There are no changes in the                                                      newly chartered branch banking                                                          Insured Status.
                                              methodology or substance of this                                                    institutions and the number of                                                             OMB Number: 3064–0124.
                                              information collection. FDIC believes                                               institutions that transitioned from                                                        Form Number: None.
                                              that the existing estimate of the time                                              having no branches to having at least                                                      Affected Public: Insured depository
                                              required to develop a written branch                                                one branch. To derive an estimate of                                                    institutions.
                                              closure policy and to provide the                                                   average annual branch closure                                                              Burden Estimate:
                                                                                                                                          SUMMARY OF ANNUAL BURDEN
                                                                                                                                                                                                                                                                                           Average
                                                                                                                                                                                                                                  Estimated                                                  total
                                                                                                                                                                                                           Estimated
                                                                                                                                                                              Obligation                                           time per                  Frequency                      annual
                                                                                                                                         Type of burden                                                    number of
                                                                                                                                                                              to respond                                          response                   of response                  estimated
                                                                                                                                                                                                          respondents               (hours)                                                burden
                                                                                                                                                                                                                                                                                           (hours)

                                              Certification .......................................................................   Reporting ..............          Mandatory ............                         150                      .25     On Occasion ........                    37.5
                                              Notification ........................................................................   Disclosure .............          Mandatory ............                           2                        1     On Occasion ........                       2

                                                    Total Estimated Annual Burden ................................                    ...............................   ...............................   ....................   ....................   ...............................         39.5



                                                 General Description of Collection:                                               provided on deposit accounts assumed                                                    information collection is closely related
                                                 This information collection consists                                             by the assuming institution. The                                                        to the number of insured depository
                                              of two parts: (1) A certification that                                              depositor notification is required by                                                   institutions that are acquired by another
                                              insured depository institutions provide                                             section 8(a) (6) of the Federal Deposit                                                 depository institution through mergers
                                              the FDIC when all deposit liabilities                                               Insurance Act, 12 U.S.C. 1818(a) (6).                                                   or as a result of the closing of the
                                              from one insured depository institution                                             This provision ensures that the                                                         institution by its chartering authority.
                                              are assumed from another insured                                                    institution’s depositors receive                                                        The number of depositor notifications is
                                              depository institution, with the latter                                             appropriate information regarding the                                                   driven by the number of institutions
                                              institution responsible for providing the                                           institution’s intent to terminate its                                                   that elect to voluntarily terminate its
                                              certification, and (2) a notification that                                          insured status and that, prior to the                                                   insured status without having its
                                              an insured depository institution                                                   termination of the institution’s insured                                                deposits assumed by another insured
                                              provides to its depositors when it seeks                                            status, depositors receive appropriate                                                  depository institution. The change in
                                              to voluntarily terminate its insured                                                information concerning federal deposit                                                  burden is due to economic fluctuation
amozie on DSK3GDR082PROD with NOTICES1




                                              status. The certification is necessary to                                           insurance coverage of their accounts                                                    reflected in a lower number of
                                              implement the provisions of section 8(q)                                            once the institution’s insured status is                                                certifications following mergers or
                                              of the Federal Deposit Insurance Act, 12                                            terminated.                                                                             closures and a reduction in the number
                                              U.S.C. 1818(q), regarding termination of                                              There is no change in the                                                             of notifications due to voluntary
                                              the insured status of the transferring                                              methodology or substance of this                                                        terminations of insured status.
                                              institution and termination of the                                                  information collection. The number of                                                     3. Title: Large Bank Deposit Insurance
                                              separate deposit insurance coverage                                                 certifications submitted under this                                                     Program.


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                                              32292                                  Federal Register / Vol. 83, No. 134 / Thursday, July 12, 2018 / Notices

                                                OMB Number: 3064–0162.                                                deposits and at least either: (a) 250,000                                                deposit accounts (a ‘‘covered
                                                Form Number: None.                                                    Deposit accounts; or (b) $20 billion in                                                  institution’’).
                                                Affected Public: Insured depository                                   total assets, regardless of the number of                                                  Burden Estimate:
                                              institutions having at least $2 billion in
                                                                                                                              SUMMARY OF ANNUAL BURDEN
                                                                                                                                                                                                                                                                                   Average
                                                                                                                                                                                                 Average                 Estimated                                               total annual
                                                                                                                                                                  Obligation to                 estimated                 time per                 Frequency of
                                                                                                                             Type of burden                                                                                                                                       estimated
                                                                                                                                                                   respond                      number of                response                    response                       burden
                                                                                                                                                                                               respondents                 (hours)                                                  (hours)

                                                                                                                                                   Implementation

                                              Posting and removing provisional holds—360.9(c)(1)                          Recordkeeping .....                Mandatory ............                              8                   150       One time ...............                1,200
                                                and (2).
                                              Providing standard data format for deposit account and                      Recordkeeping .....                Mandatory ............                              8                   110       One time ...............                  880
                                                customer information—360.9(d)(1).
                                              Notification of identity of person responsible for pro-                     Reporting ..............           Mandatory ............                              8                       8     One time ...............                   64
                                                ducing standard data downloads—360.9(c)(3).
                                              Request for exemption from provisional hold require-                        Reporting ..............           Voluntary ..............                            1                      20     On occasion .........                      20
                                                ments—360.9(c)(9).
                                              Provide deposit account and customer information in re-                     Reporting ..............           Mandatory ............                             8                       40     On occasion .........                     320
                                                quired standard format—360.9(d)(3).
                                              Request for extension of compliance deadline—                               Reporting ..............           Voluntary ..............                           1                       20     On occasion .........                      20
                                                360.9(e)(7).
                                              Request for exemption—360.9(f) .....................................        Reporting ..............           Voluntary ..............                           1                      20      On occasion .........                      20

                                                   Total Implementation Burden ....................................       ...............................    ...............................   ....................     ....................   ...............................         2,524

                                                                                                                                                            Ongoing

                                              Notification of identity of person responsible for pro-                     Reporting ..............           Mandatory ............                          153                         8     On occasion .........                   1,224
                                                ducing standard data downloads—360.9(c)(3).
                                              Request for exemption from provisional hold require-                        Reporting ..............           Voluntary ..............                            1                      20     On occasion .........                      20
                                                ments—360.9(c)(9).
                                              Request for exemption—360.9(f) .....................................        Reporting ..............           Voluntary ..............                           1                      20      On occasion .........                      20
                                              Test compliance with 360.9(c)–(d) pursuant to 360.9(h)                      Reporting ..............           Mandatory ............                            81                      80      On occasion .........                   6,480

                                                   Total Ongoing Burden ...............................................   ...............................    ...............................   ....................     ....................   ...............................         7,744

                                                        Total Estimated Annual Burden .........................           ...............................    ...............................   ....................     ....................   ...............................        10,268



                                                 General Description of Collection:                                   following recordkeeping and reporting                                                      360.9(d)(3)—Upon request by the
                                              Upon the failure of an FDIC-insured                                     requirements:                                                                            FDIC, a covered institution must submit
                                              depository institution, the FDIC is                                                                                                                              the data required by 360.9(d)(1) .
                                              required to pay insured deposits as soon                                Recordkeeping                                                                              360.9(e)(7)—A covered institution
                                              as possible.1 To do so, the FDIC must be                                  360.9(c)(1) and (2)—Posting and                                                        may request an extension of the
                                              able to quickly determine the total                                     Removing Provisional Holds. Covered                                                      deadline to comply with provisional
                                              insured amount for each depositor. To                                                                                                                            hold and standard data format
                                                                                                                      institutions must have an automatic
                                              make this determination, the FDIC must                                                                                                                           requirements.
                                                                                                                      process for placing a provisional hold                                                     360.9(f)—A covered institution may
                                              ascertain the balances of all deposit                                   on deposit accounts within timeframes
                                              accounts owned by the same depositor                                                                                                                             request an exemption from the
                                                                                                                      specified in FDIC regulations.                                                           provisional hold and standard data
                                              in the same ownership capacity at a
                                              failed institution as of the day of failure.                              360.9(d)(1) and (2)—Providing                                                          format requirements due to high
                                              The FDIC issued a regulation (12 CFR                                    Standard Data Format for Deposit                                                         concentration of deposits incidental to
                                              360.9) to modernize the process of                                      Account and Customer Information.                                                        credit card operations.
                                                                                                                      Covered institutions must produce                                                          360.9(h)—A covered institution’s
                                              determining the insurance status of each
                                                                                                                      information in the specified standard                                                    compliance with the recordkeeping and
                                              depositor in the event of failure of a
                                                                                                                      data format.                                                                             reporting requirements set forth in the
                                              covered institution. The regulation
                                                                                                                                                                                                               rule will be tested by the FDIC.
                                              requires covered institutions to adopt                                  Reporting                                                                                  Burden Estimate Methodology and
                                              mechanisms that would, in the event of                                                                                                                           Assumptions:
                                              the institution’s failure (1) provide the                                 360.9(c)(3)—Covered institutions
                                                                                                                                                                                                                 The FDIC is revising its burden
                                              FDIC with standard deposit account and                                  must notify the FDIC of the person(s)                                                    estimate because the number of covered
                                              other customer information, and (2)                                     responsible for producing required                                                       institutions has decreased due to
                                              allow the placement and release of                                      standard data downloads and for                                                          economic fluctuations and most covered
                                              holds on liability accounts, including                                  administering provisional holds.                                                         institutions have already implemented
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                                              deposits. The regulation applies only to                                  360.9(c)(9)—A covered institution                                                      the requirements of the regulation and
                                              covered institutions and imposes the                                    may request an exemption from the                                                        will only face reduced ongoing
                                                                                                                      provisional hold requirements for                                                        compliance burdens. Based on FDIC
                                                 1 The FDIC can meet its obligation to pay insured
                                                                                                                      certain account systems servicing a                                                      Call Report data,2 the regulation
                                              deposits either by payment in cash or by making
                                              available to each depositor a transferred deposit in
                                                                                                                      relatively small number of accounts                                                      currently applies to 145 institutions.
                                              a another insured depository institution. 12 U.S.C                      where manual application of
                                              § 1821(f)(1).                                                           provisional holds is feasible.                                                                  2 FDIC   Call Report, September 30, 2017.



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                                                                                       Federal Register / Vol. 83, No. 134 / Thursday, July 12, 2018 / Notices                                                                          32293

                                              The FDIC has determined that in the                                         average, 2 new institutions per quarter                               table reflects the FDCI’s estimate of the
                                              past, between 1 and 3 new institutions                                      (8 new institutions per year) will                                    breakdown of covered institutions
                                              per quarter have become covered under                                       become covered and be subject to initial                              facing implementation and ongoing
                                              the regulation. FDIC estimates that on                                      implementation burden. The following                                  burden during the next three years:

                                                                                                                                      NUMBER OF INSTITUTIONS
                                                                                                                                                                                       Year 1          Year 2          Year 3         Average

                                              Implementation ................................................................................................................                  8                 8             8                8
                                              Ongoing ...........................................................................................................................            145               153           161              153

                                                    Total ..........................................................................................................................         153               161           169              161



                                                All covered institutions will be                                          STATUS:  This meeting will be closed to                                 Unless otherwise noted, comments
                                              required to comply with the                                                 the public.                                                           regarding each of these applications
                                              requirements of 360.9(h). FDIC                                              MATTERS TO BE CONSIDERED: Compliance                                  must be received at the Reserve Bank
                                              estimates that half of the covered                                          matters pursuant to 52 U.S.C. 30109.                                  indicated or the offices of the Board of
                                              institutions will be tested for                                               Matters concerning participation in                                 Governors not later than August 6, 2018.
                                              compliance each year. As a result, it is                                    civil actions or proceedings or                                         A. Federal Reserve Bank of Kansas
                                              estimated that an average of 81 covered                                     arbitration.                                                          City (Dennis Denney, Assistant Vice
                                              institutions will be affected by this                                       *     *     *     *    *                                              President) 1 Memorial Drive, Kansas
                                              reporting burden annually. No                                                 Contact Person for More Information:                                City, Missouri 64198–0001:
                                              institutions have requested an extension                                    Judith Ingram, Press Officer, Telephone:                                1. Platte Valley Financial Service
                                              under section 360.9(e)(7), or exemptions                                    (202) 694–1220.                                                       Companies, Inc., Scottsbluff, Nebraska;
                                              under sections 360.9(c)(9) or 360.9(f).                                                                                                           to acquire 100 percent of the voting
                                                                                                                          Laura E. Sinram,                                                      shares of The American Bank of Sidney,
                                              The ‘‘Summary of Annual Burden’’ table
                                              above lists a respondent count of 1 for                                     Deputy Secretary of the Commission.                                   Sidney, Nebraska.
                                              these requests as placeholders to                                           [FR Doc. 2018–15024 Filed 7–10–18; 4:15 pm]
                                                                                                                                                                                                  Board of Governors of the Federal Reserve
                                              preserve the burden estimates for these                                     BILLING CODE 6715–01–P
                                                                                                                                                                                                System, July 9, 2018.
                                              activities.                                                                                                                                       Ann Misback,
                                                Request for Comment: Comments are                                                                                                               Secretary of the Board.
                                              invited on: (a) Whether the collection of                                   FEDERAL RESERVE SYSTEM
                                                                                                                                                                                                [FR Doc. 2018–14931 Filed 7–11–18; 8:45 am]
                                              information is necessary for the proper
                                              performance of the FDIC’s functions,                                        Formations of, Acquisitions by, and                                   BILLING CODE P
                                                                                                                          Mergers of Bank Holding Companies
                                              including whether the information has
                                              practical utility; (b) the accuracy of the                                    The companies listed in this notice                                 FEDERAL TRADE COMMISSION
                                              estimates of the burden of the                                              have applied to the Board for approval,
                                              information collection, including the                                       pursuant to the Bank Holding Company                                  [File No. 182 3100]
                                              validity of the methodology and                                             Act of 1956 (12 U.S.C. 1841 et seq.)
                                              assumptions used; (c) ways to enhance                                       (BHC Act), Regulation Y (12 CFR part                                  ReadyTech Corporation; Analysis To
                                              the quality, utility, and clarity of the                                    225), and all other applicable statutes                               Aid Public Comment
                                              information to be collected; and (d)                                        and regulations to become a bank                                      AGENCY:    Federal Trade Commission.
                                              ways to minimize the burden of the                                          holding company and/or to acquire the
                                                                                                                                                                                                ACTION:   Proposed consent agreement.
                                              collection of information on                                                assets or the ownership of, control of, or
                                              respondents, including through the use                                      the power to vote shares of a bank or                                 SUMMARY:   The consent agreement in this
                                              of automated collection techniques or                                       bank holding company and all of the                                   matter settles alleged violations of
                                              other forms of information technology.                                      banks and nonbanking companies                                        federal law prohibiting unfair or
                                              All comments will become a matter of                                        owned by the bank holding company,                                    deceptive acts or practices. The attached
                                              public record.                                                              including the companies listed below.                                 Analysis to Aid Public Comment
                                                Dated at Washington, DC, on July 6, 2018.
                                                                                                                            The applications listed below, as well                              describes both the allegations in the
                                                                                                                          as other related filings required by the                              complaint and the terms of the consent
                                              Federal Deposit Insurance Corporation.
                                                                                                                          Board, are available for immediate                                    order—embodied in the consent
                                              Robert E. Feldman,                                                          inspection at the Federal Reserve Bank
                                              Executive Secretary.
                                                                                                                                                                                                agreement—that would settle these
                                                                                                                          indicated. The applications will also be                              allegations.
                                              [FR Doc. 2018–14864 Filed 7–11–18; 8:45 am]                                 available for inspection at the offices of
                                              BILLING CODE 6714–01–P                                                      the Board of Governors. Interested                                    DATES: Comments must be received on
                                                                                                                          persons may express their views in                                    or before August 1, 2018.
                                                                                                                          writing on the standards enumerated in                                ADDRESSES: Interested parties may file a
                                                                                                                          the BHC Act (12 U.S.C. 1842(c)). If the                               comment online or on paper, by
                                              FEDERAL ELECTION COMMISSION                                                 proposal also involves the acquisition of                             following the instructions in the
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                                                                                                                          a nonbanking company, the review also                                 Request for Comment part of the
                                              Sunshine Act Meeting                                                        includes whether the acquisition of the                               SUPPLEMENTARY INFORMATION section
                                                                                                                          nonbanking company complies with the                                  below. Write: ‘‘ReadyTech Corporation’’
                                              TIME AND DATE: Tuesday, July 17, 2018                                       standards in section 4 of the BHC Act                                 on your comment, and file your
                                              at 10:00 a.m.                                                               (12 U.S.C. 1843). Unless otherwise                                    comment online at https://
                                              PLACE: 1050 First Street NE,                                                noted, nonbanking activities will be                                  ftcpublic.commentworks.com/ftc/
                                              Washington, DC.                                                             conducted throughout the United States.                               readytechconsent by following the


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Document Created: 2018-11-06 10:22:16
Document Modified: 2018-11-06 10:22:16
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comment.
DatesComments must be submitted on or before August 13, 2018.
ContactManny Cabeza, Counsel, 202-898-3767, [email protected], MB-3007, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429.
FR Citation83 FR 32290 

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