83 FR 36589 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0185)
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 83, Issue 146 (July 30, 2018)
Federal Register Volume 83, Issue 146 (July 30, 2018)
| Page Range | 36589-36590 | |
| FR Document | 2018-16186 |
[Federal Register Volume 83, Number 146 (Monday, July 30, 2018)] [Notices] [Pages 36589-36590] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-16186] ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0185) AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: The FDIC, pursuant to the mandatory reporting requirements of the Paperwork Reduction Act of 1995 (OMB No. 3064-0185), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collection. DATES: Comments must be submitted on or before September 28, 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 Office of Management and Budget (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: Resolution Plans Required for Insured Depository Institutions With $50 Billion or More in Total Assets. OMB Number: 3064-0185. Form Number: None. Affected Public: Large and Highly Complex Depository Institutions. Burden Estimate: [[Page 36590]] Summary of Annual Burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Total Estimated Estimated Estimated annual Type of burden Obligation to number of frequency time per Frequency of estimated respond respondents of response response burden responses (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- Contingent Resolution Plan (CIDI Reporting........... Mandatory........... 4 1 7,200 On Occasion......... 28,800 Subsidiaries of Regional Bank Holding Companies and CIDI Subsidiaries of U.S. GSIFIs). Contingent Resolution Plan--Annual Reporting........... Mandatory........... 28 1 6,613 Annual.............. 185,164 Update (CIDI Subsidiaries of Regional Bank Holding Companies) *. Contingent Resolution Plan--Annual Reporting........... Mandatory........... 9 1 39,843 Annual.............. 358,587 Update (CIDI Subsidiaries of U.S. GSIFIs) *. Notice of Material Change (CIDI Reporting........... Mandatory........... 1 2 120 On Occasion......... 240 Subsidiaries of Regional Bank Holding Companies and CIDI Subsidiaries of U.S. GSIFIs). ------------------------------------------------------------------------- Total Hourly Burden........... .................... .................... ........... ........... ........... .................... 572,791 -------------------------------------------------------------------------------------------------------------------------------------------------------- * Because submissions have been required no more frequently than biennially, the burden associated with the Annual Update has been multiplied by \2/3\ to represent two Annual Update filings over the three-year period contemplated by this notice and renewal. General Description of Collection: Section 360.10 of the FDIC's regulations (12 CFR 360.10 or the Rule) requires certain insured depository institutions (IDIs) to submit a Resolution Plan that should enable the FDIC, as receiver, to resolve the institution under Sections 11 and 13 of the Federal Deposit Insurance Act (FDI Act), 12 U.S.C. 1821 and 1823, in a manner that ensures that depositors receive access to their insured deposits within one business day of the institution's failure (two business days if the failure occurs on a day other than Friday), maximizes the net present value return from the sale or disposition of its assets, and minimizes the amount of any loss to be realized by the institution's creditors. An IDI with $50 billion or more in total assets (i.e., a covered IDI or CIDI) is required to submit periodically to the FDIC a contingent plan for the resolution of such institution in the event of its failure. The Rule established the requirements for submission and content of a Resolution Plan, as well as procedures for review by the FDIC. After the initial submission, the Rule requires plan submissions on an annual basis (Annual Update) unless the FDIC determines to change the submission date. A CIDI must notify the FDIC of any event, occurrence, change in conditions or circumstances or other change which results in, or reasonably could be foreseen to have, a material effect on the CIDI's resolution plan. The Rule is intended to address the continuing exposure of the banking industry to the risks of insolvency of large and complex IDIs that can be mitigated with proper resolution planning. The Interim Final Rule, which preceded the Rule, became effective January 1, 2012, and remained in effect until it was superseded by the Rule on April 1, 2012. The annual burden for this information collection is estimated to be 572,791 hours. This represents an increase of 281,305 hours from the current burden estimate of 291,486 hours. This increase is not due to any new requirements imposed by the FDIC. Rather, it is due to FDIC's reassessment of the burden hours associated with responding to the existing requirements of the Rule and to guidance, feedback, and additional requests for information by the FDIC as part of the iterative resolution planning process. The revised estimates are informed by feedback received from the CIDIs over the past year. Because submissions have been required no more frequently than biennially, the burden associated with the Annual Update has been multiplied by \2/3\ to represent two Annual Update filings over the three-year period contemplated by this notice and renewal. 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 25, 2018. Federal Deposit Insurance Corporation. Valerie Best, Assistant Executive Secretary. [FR Doc. 2018-16186 Filed 7-27-18; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 83, No. 146 / Monday, July 30, 2018 / Notices 36589
ADDRESSES: Federal Communications From BAGDAD, AZ, To CIENEGA licensing.fcc.gov/prod/cdbs/pubacc/
Commission, 445 Twelfth Street SW, SPRINGS, AZ, BMPH–20180530AAZ; prod/cdbs_pa.htm.
Washington, DC 20554. PHARIS BROADCASTING, INC., Federal Communications Commission.
FOR FURTHER INFORMATION CONTACT: KHGG–FM, Fac. ID No. 12231, Channel Nazifa Sawez,
Rolanda F. Smith, 202–418–2054. 278A, From WALDRON, AR, To Assistant Chief, Audio Division, Media
SUPPLEMENTARY INFORMATION: The MANSFIELD, AR, BPH–20180619AAZ; Bureau.
following applicants filed AM or FM PHARIS BROADCASTING, INC., [FR Doc. 2018–16152 Filed 7–27–18; 8:45 am]
proposals to change the community of KQBK(FM), Fac. ID No. 71701, Channel BILLING CODE 6712–01–P
license: MARION R. WILLIAMS, 284C2, From BOONEVILLE, AR, To
WAKE(AM), Fac. ID No. 53057, Channel WALDRON, AR, BPH–20180619ABA;
1500 kHz, From VALPARAISO, IN, To and BRYAN A. KING, KOTY(FM), Fac.
HOBART, IN, BP–20180504ABA; FEDERAL DEPOSIT INSURANCE
ID No. 83100, Channel 240C3, From
MARSHFIELD BROADCASTING CO., CORPORATION
MERTZON, TX, To CHRISTOVAL, TX,
INC., WMEX(AM), Fac. ID No. 12789, BPH–20180709AAU. Notice to All Interested Parties of
Channel 1510 kHz, From BOSTON, MA, Intent To Terminate Receiverships
The full text of these applications is
To QUINCY, MA, BP–20180615AAH;
available for inspection and copying
REVIVAL CHRISTIAN MINISTRIES, Notice is hereby given that the
INC., WSGG(FM), Fac. ID No. 92857, during normal business hours in the Federal Deposit Insurance Corporation
Channel 207A, From NORFOLK, CT, To Commission’s Reference Center, 445 (‘‘FDIC’’ or ‘‘Receiver’’), as Receiver for
CANAAN, CT, BPED–20180430AAI; 12th Street SW, Washington, DC 20554 the institutions listed below, intends to
RIVER RAT RADIO, LLC, NEW(FM), or electronically via the Media Bureau’s terminate its receivership for said
Fac. ID No. 198736, Channel 269C2, Consolidated Data Base System, http:// institutions.
Date of
Fund Receivership name City State receiver
appointment
4637 .................. First National Bank of Keystone .......................... Keystone ............................................................... WV 9/1/1999
10446 ................ Security Exchange Bank ...................................... Marietta ................................................................. GA 6/15/2012
The liquidation of the assets for each FEDERAL DEPOSIT INSURANCE • Hand Delivery: Comments may be
receivership has been completed. To the CORPORATION hand-delivered to the guard station at
extent permitted by available funds and the rear of the 17th Street Building
in accordance with law, the Receiver Agency Information Collection (located on F Street), on business days
will be making a final dividend Activities: Proposed Collection between 7:00 a.m. and 5:00 p.m.
payment to proven creditors. Based Renewal; Comment Request (OMB No.
3064–0185) All comments should refer to the
upon the foregoing, the Receiver has
determined that the continued existence relevant Office of Management and
of the receiverships will serve no useful AGENCY: Federal Deposit Insurance Budget (OMB) control number. A copy
purpose. Consequently, notice is given Corporation (FDIC). of the comments may also be submitted
that the receiverships shall be ACTION: Notice and request for comment. to the OMB desk officer for the FDIC:
terminated, to be effective no sooner Office of Information and Regulatory
than thirty days after the date of this SUMMARY: The FDIC, pursuant to the Affairs, Office of Management and
Notice. If any person wishes to mandatory reporting requirements of the Budget, New Executive Office Building,
comment concerning the termination of Paperwork Reduction Act of 1995 (OMB Washington, DC 20503.
any of the receiverships, such comment No. 3064–0185), invites the general
public and other Federal agencies to FOR FURTHER INFORMATION CONTACT:
must be made in writing, identify the
take this opportunity to comment on the Jennifer Jones, Counsel, 202–898–6768,
receivership to which the comment
pertains, and be sent within thirty days renewal of the existing information jennjones@fdic.gov, MB–3105, Federal
of the date of this Notice to: Federal collection. Deposit Insurance Corporation, 550 17th
Deposit Insurance Corporation, Division Street NW, Washington, DC 20429.
DATES: Comments must be submitted on
of Resolutions and Receiverships, or before September 28, 2018. SUPPLEMENTARY INFORMATION:
Attention: Receivership Oversight
ADDRESSES: Interested parties are Proposal to renew the following
Department 34.6, 1601 Bryan Street,
invited to submit written comments to currently approved collection of
Dallas, TX 75201. No comments
the FDIC by any of the following information:
concerning the termination of the above-
methods: 1. Title: Resolution Plans Required for
mentioned receiverships will be
considered which are not sent within • https://www.FDIC.gov/regulations/ Insured Depository Institutions With
this time frame. laws/federal. $50 Billion or More in Total Assets.
• Email: comments@fdic.gov. Include
Dated at Washington, DC, on July 25, 2018. the name and number of the collection OMB Number: 3064–0185.
daltland on DSKBBV9HB2PROD with NOTICES
Federal Deposit Insurance Corporation. in the subject line of the message. Form Number: None.
Valerie Best, • Mail: Jennifer Jones (202–898– Affected Public: Large and Highly
Assistant Executive Secretary. 6768), Counsel, MB–3105, Federal Complex Depository Institutions.
[FR Doc. 2018–16185 Filed 7–27–18; 8:45 am] Deposit Insurance Corporation, 550 17th
BILLING CODE 6714–01–P Street NW, Washington, DC 20429. Burden Estimate:
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![36590 Federal Register / Vol. 83, No. 146 / Monday, July 30, 2018 / Notices
SUMMARY OF ANNUAL BURDEN
Total annual
Estimated Estimated Estimated
Type of Obligation to Frequency of estimated
number of frequency of time per
burden respond response burden
respondents responses response (hours)
Contingent Resolution Plan (CIDI Subsidiaries of Re- Reporting ...... Mandatory ..... 4 1 7,200 On Occasion 28,800
gional Bank Holding Companies and CIDI Subsidi-
aries of U.S. GSIFIs).
Contingent Resolution Plan—Annual Update (CIDI Sub- Reporting ...... Mandatory ..... 28 1 6,613 Annual .......... 185,164
sidiaries of Regional Bank Holding Companies) *.
Contingent Resolution Plan—Annual Update (CIDI Sub- Reporting ...... Mandatory ..... 9 1 39,843 Annual .......... 358,587
sidiaries of U.S. GSIFIs) *.
Notice of Material Change (CIDI Subsidiaries of Re- Reporting ...... Mandatory ..... 1 2 120 On Occasion 240
gional Bank Holding Companies and CIDI Subsidi-
aries of U.S. GSIFIs).
Total Hourly Burden ................................................. ....................... ....................... .................... .................... .................... ....................... 572,791
* Because submissions have been required no more frequently than biennially, the burden associated with the Annual Update has been multiplied by 2⁄3 to rep-
resent two Annual Update filings over the three-year period contemplated by this notice and renewal.
General Description of Collection: The annual burden for this Federal Deposit Insurance Corporation.
Section 360.10 of the FDIC’s regulations information collection is estimated to be Valerie Best,
(12 CFR 360.10 or the Rule) requires 572,791 hours. This represents an Assistant Executive Secretary.
certain insured depository institutions increase of 281,305 hours from the [FR Doc. 2018–16186 Filed 7–27–18; 8:45 am]
(IDIs) to submit a Resolution Plan that current burden estimate of 291,486 BILLING CODE 6714–01–P
should enable the FDIC, as receiver, to hours. This increase is not due to any
resolve the institution under Sections 11 new requirements imposed by the FDIC.
and 13 of the Federal Deposit Insurance Rather, it is due to FDIC’s reassessment FEDERAL ELECTION COMMISSION
Act (FDI Act), 12 U.S.C. 1821 and 1823, of the burden hours associated with
in a manner that ensures that depositors responding to the existing requirements Sunshine Act Meeting
receive access to their insured deposits of the Rule and to guidance, feedback,
within one business day of the and additional requests for information FEDERAL REGISTER CITATION NOTICE OF
institution’s failure (two business days PREVIOUS ANNOUNCEMENT: 83 FR 35476
by the FDIC as part of the iterative
if the failure occurs on a day other than
resolution planning process. The PREVIOUSLY ANNOUNCED TIME AND DATE OF
Friday), maximizes the net present THE MEETING: Tuesday, July 31, 2018 at
revised estimates are informed by
value return from the sale or disposition 10:00 a.m.
of its assets, and minimizes the amount feedback received from the CIDIs over
the past year. Because submissions have CHANGES IN THE MEETING:
of any loss to be realized by the
been required no more frequently than This meeting will also discuss:
institution’s creditors. An IDI with $50 Matters concerning participation in
billion or more in total assets (i.e., a biennially, the burden associated with
the Annual Update has been multiplied civil actions or proceedings or
covered IDI or CIDI) is required to arbitration.
submit periodically to the FDIC a by 2⁄3 to represent two Annual Update
contingent plan for the resolution of filings over the three-year period * * * * *
such institution in the event of its contemplated by this notice and CONTACT PERSON FOR MORE INFORMATION:
failure. renewal. Judith Ingram, Press Officer, Telephone:
The Rule established the requirements (202) 694–1220.
Request for Comment
for submission and content of a Laura E. Sinram,
Resolution Plan, as well as procedures Comments are invited on: (a) Whether Deputy Secretary of the Commission.
for review by the FDIC. After the initial the collection of information is [FR Doc. 2018–16325 Filed 7–26–18; 11:15 am]
submission, the Rule requires plan necessary for the proper performance of BILLING CODE 6715–01–P
submissions on an annual basis (Annual the FDIC’s functions, including whether
Update) unless the FDIC determines to the information has practical utility; (b)
change the submission date. A CIDI the accuracy of the estimates of the FEDERAL ELECTION COMMISSION
must notify the FDIC of any event, burden of the information collection,
occurrence, change in conditions or including the validity of the Sunshine Act Meeting
circumstances or other change which methodology and assumptions used; (c)
results in, or reasonably could be TIME AND DATE: Thursday, August 2,
ways to enhance the quality, utility, and 2018 at 10:00 a.m.
foreseen to have, a material effect on the
clarity of the information to be
CIDI’s resolution plan. PLACE: 1050 First Street NE,
collected; and (d) ways to minimize the
The Rule is intended to address the Washington, DC (12th Floor).
burden of the collection of information
continuing exposure of the banking STATUS: This meeting will be open to the
on respondents, including through the
industry to the risks of insolvency of public.
use of automated collection techniques
daltland on DSKBBV9HB2PROD with NOTICES
large and complex IDIs that can be MATTERS TO BE CONSIDERED:
or other forms of information
mitigated with proper resolution Correction and Approval of Minutes for
planning. The Interim Final Rule, which technology. All comments will become
June 28, 2018
preceded the Rule, became effective a matter of public record.
Draft Advisory Opinion 2018–08: Issa
January 1, 2012, and remained in effect Dated at Washington, DC, on July 25, 2018. Draft Advisory Opinion 2018–10:
until it was superseded by the Rule on United Utah Party Candidate
April 1, 2012. Committee
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Document Created: 2018-07-28 01:44:29
Document Modified: 2018-07-28 01:44:29
| 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 September 28, 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 36589 |
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