83 FR 54351 - Agency Information Collection Activities: Submission for OMB Review; Comment Request (OMB No. 3064-0185)
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 83, Issue 209 (October 29, 2018)
Federal Register Volume 83, Issue 209 (October 29, 2018)
| Page Range | 54351-54352 | |
| FR Document | 2018-23500 |
[Federal Register Volume 83, Number 209 (Monday, October 29, 2018)] [Notices] [Pages 54351-54352] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-23500] ======================================================================= ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Submission for OMB Review; 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 (PRA) (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. On July 30, 2018, the FDIC requested comment for 60 days on a proposal to renew the information collection described below. One comment was received. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the renewal of this collection, and again invites comment on this renewal. DATES: Comments must be submitted on or before November 28, 2018. ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods:Agency Website: https://www.FDIC.gov/regulations/laws/federal. 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: On July 30, 2018, the FDIC requested comment for 60 days on a proposal to renew the information collection described below. One comment was received which suggested policy changes to the underlying rule, Section 360.10 of the FDIC's regulations (12 CFR 360.10 or the Rule), which is currently under review. However, the comment did not address the accuracy of the PRA estimates. Therefore, the FDIC hereby gives notice of its plan to submit to OMB a request to approve the renewal of this collection, and again invites comment on this renewal. 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: 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-- Reporting............ Mandatory........... 28 1 6,613 Annual.............. 185,164 Annual Update (CIDI Subsidiaries of Regional Bank Holding Companies) *. Contingent Resolution Plan-- Reporting............ Mandatory........... 9 1 39,843 Annual.............. 358,587 Annual 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: 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. [[Page 54352]] 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 October 23, 2018. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2018-23500 Filed 10-26-18; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 83, No. 209 / Monday, October 29, 2018 / Notices 54351
[FR Doc. 2018–23585 Filed 10–26–18; 8:45 am] DATES: Comments must be submitted on jennjones@fdic.gov, MB–3105, Federal
BILLING CODE 6560–50–P or before November 28, 2018. Deposit Insurance Corporation, 550 17th
ADDRESSES: Interested parties are Street NW, Washington, DC 20429.
invited to submit written comments to SUPPLEMENTARY INFORMATION: On July
FEDERAL DEPOSIT INSURANCE the FDIC by any of the following 30, 2018, the FDIC requested comment
CORPORATION methods: for 60 days on a proposal to renew the
• Agency Website: https:// information collection described below.
Agency Information Collection www.FDIC.gov/regulations/laws/federal. One comment was received which
Activities: Submission for OMB • Email: comments@fdic.gov. Include suggested policy changes to the
Review; Comment Request (OMB No. the name and number of the collection underlying rule, Section 360.10 of the
3064–0185) in the subject line of the message. FDIC’s regulations (12 CFR 360.10 or the
AGENCY: Federal Deposit Insurance • Mail: Jennifer Jones (202–898– Rule), which is currently under review.
Corporation (FDIC). 6768), Counsel, MB–3105, Federal However, the comment did not address
Deposit Insurance Corporation, 550 17th the accuracy of the PRA estimates.
ACTION: Notice and request for comment.
Street NW, Washington, DC 20429. Therefore, the FDIC hereby gives notice
SUMMARY: The FDIC, pursuant to the • Hand Delivery: Comments may be of its plan to submit to OMB a request
mandatory reporting requirements of the hand-delivered to the guard station at to approve the renewal of this
Paperwork Reduction Act of 1995 (PRA) the rear of the 17th Street Building collection, and again invites comment
(OMB No. 3064–0185), invites the (located on F Street), on business days on this renewal.
general public and other Federal between 7:00 a.m. and 5:00 p.m. Proposal to renew the following
agencies to take this opportunity to All comments should refer to the
currently approved collection of
comment on the renewal of the existing relevant Office of Management and
information:
information collection. On July 30, Budget (OMB) control number. A copy
of the comments may also be submitted 1. Title: Resolution Plans Required for
2018, the FDIC requested comment for Insured Depository Institutions With
60 days on a proposal to renew the to the OMB desk officer for the FDIC:
Office of Information and Regulatory $50 Billion or More in Total Assets.
information collection described below.
One comment was received. The FDIC Affairs, Office of Management and OMB Number: 3064–0185.
hereby gives notice of its plan to submit Budget, New Executive Office Building, Form Number: None.
to OMB a request to approve the Washington, DC 20503. Affected Public: Large and Highly
renewal of this collection, and again FOR FURTHER INFORMATION CONTACT: Complex Depository Institutions.
invites comment on this renewal. Jennifer Jones, Counsel, 202–898–6768, Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Total annual
Estimated Estimated Estimated
Obligation to Frequency of estimated
Type of burden number of frequency of time per
respond response burden
respondents responses response (hours)
Contingent Resolution Plan (CIDI Subsidiaries of Reporting ......... Mandatory ....... 4 1 7,200 On Occasion ... 28,800
Regional Bank Holding Companies and CIDI
Subsidiaries of U.S. GSIFIs).
Contingent Resolution Plan—Annual Update (CIDI Reporting ......... Mandatory ....... 28 1 6,613 Annual ............. 185,164
Subsidiaries of Regional Bank Holding Compa-
nies) *.
Contingent Resolution Plan—Annual Update (CIDI Reporting ......... Mandatory ....... 9 1 39,843 Annual ............. 358,587
Subsidiaries of U.S. GSIFIs) *.
Notice of Material Change (CIDI Subsidiaries of Reporting ......... Mandatory ....... 1 2 120 On Occasion ... 240
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 rep-
resent two Annual Update filings over the three-year period contemplated by this notice and renewal.
General Description of Collection: of any loss to be realized by the must notify the FDIC of any event,
The Rule requires certain insured institution’s creditors. An IDI with $50 occurrence, change in conditions or
depository institutions (IDIs) to submit billion or more in total assets (i.e., a circumstances or other change which
a Resolution Plan that should enable the covered IDI or CIDI) is required to results in, or reasonably could be
FDIC, as receiver, to resolve the submit periodically to the FDIC a foreseen to have, a material effect on the
institution under Sections 11 and 13 of contingent plan for the resolution of CIDI’s resolution plan.
the Federal Deposit Insurance Act (FDI such institution in the event of its The Rule is intended to address the
Act), 12 U.S.C. 1821 and 1823, in a failure. continuing exposure of the banking
manner that ensures that depositors The Rule established the requirements industry to the risks of insolvency of
amozie on DSK3GDR082PROD with NOTICES1
receive access to their insured deposits for submission and content of a large and complex IDIs that can be
within one business day of the Resolution Plan, as well as procedures mitigated with proper resolution
institution’s failure (two business days for review by the FDIC. After the initial planning. The Interim Final Rule, which
if the failure occurs on a day other than submission, the Rule requires plan preceded the Rule, became effective
Friday), maximizes the net present submissions on an annual basis (Annual January 1, 2012, and remained in effect
value return from the sale or disposition Update) unless the FDIC determines to until it was superseded by the Rule on
of its assets, and minimizes the amount change the submission date. A CIDI April 1, 2012.
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![54352 Federal Register / Vol. 83, No. 209 / Monday, October 29, 2018 / Notices
The annual burden for this CONTACT PERSON FOR MORE INFORMATION: as well as hyperlinked clauses,
information collection is estimated to be Judith Ingram, Press Officer, Telephone: provisions and prescriptions to the
572,791 hours. This represents an (202) 694–1220. current version of the FAR.
increase of 281,305 hours from the • The FAR will be available in
Laura E. Sinram,
current burden estimate of 291,486 HTML, XML, Word, and PDF formats.
hours. This increase is not due to any Deputy Secretary of the Commission. Users intending to print the FAR can
new requirements imposed by the FDIC. [FR Doc. 2018–23717 Filed 10–25–18; 4:15 pm] refer to the Adobe PDF file.
Rather, it is due to FDIC’s reassessment BILLING CODE 6715–01–P • FAR Proposed Rule Publications
of the burden hours associated with that are open for comments are available
responding to the existing requirements at https://acquisition.gov/requesting_
of the Rule and to guidance, feedback, GENERAL SERVICES comments.
and additional requests for information ADMINISTRATION • The Federal Alert Notices (FAN) are
by the FDIC as part of the iterative [Notice MV–2018–01; Docket No. 2018–0002, available at https://acquisition.gov/fan_
resolution planning process. The Sequence No. 29] list.
revised estimates are informed by Although these changes do not alter
feedback received from the CIDIs over Federal Acquisition Regulation; FY the Code of Federal Regulations, they
the past year. Because submissions have 2019 FAR Reissue Posted to the will provide smoother access to the FAR
been required no more frequently than Acquisition.gov Website for new and experienced users alike.
biennially, the burden associated with Please contact the Regulatory Secretariat
the Annual Update has been multiplied AGENCY: General Services Division with any questions or
by 2⁄3 to represent two Annual Update Administration (GSA). concerns.
filings over the three-year period ACTION: Notice.
Dated: October 24, 2018.
contemplated by this notice and William F. Clark,
SUMMARY: This notice advises users that
renewal.
the FY 2019 Federal Acquisition Director, Office of Government-wide
Request for Comment Regulation (FAR) Reissue will be Acquisition Policy, Office of Acquisition
available for download at https:// Policy, Office of Government-wide Policy.
Comments are invited on: (a) Whether
www.acquisition.gov/browsefar. [FR Doc. 2018–23568 Filed 10–26–18; 8:45 am]
the collection of information is
necessary for the proper performance of DATES: Applicable date: November 13, BILLING CODE 6820–EP–P
the FDIC’s functions, including whether 2018.
the information has practical utility; (b) FOR FURTHER INFORMATION CONTACT: The
the accuracy of the estimates of the Regulatory Secretariat Division, at 202– DEPARTMENT OF HEALTH AND
burden of the information collection, 501–4755; or via email at GSARegSec@ HUMAN SERVICES
including the validity of the gsa.gov. Please cite 2019 FAR Reissue Centers for Medicare & Medicaid
methodology and assumptions used; (c) Posted to the Acquisition.gov website. Services
ways to enhance the quality, utility, and SUPPLEMENTARY INFORMATION:
clarity of the information to be Periodically, the FAR is reissued [Document Identifiers: CMS–10492, CMS–
collected; and (d) ways to minimize the because of administrative necessity. 10664, and CMS–R–74]
burden of the collection of information Although the reissue does not alter the
on respondents, including through the Agency Information Collection
language of the FAR, it does contain Activities: Proposed Collection;
use of automated collection techniques several administrative updates to
or other forms of information Comment Request
improve the user experience and
technology. All comments will become increase accessibility. The following AGENCY: Centers for Medicare &
a matter of public record. updates are to features that do not Medicaid Services, HHS.
Dated at Washington, DC, on October 23, appear in the Code of Federal ACTION: Notice.
2018. Regulations:
Federal Deposit Insurance Corporation. • Future Federal Acquisition SUMMARY: The Centers for Medicare &
Robert E. Feldman, Circulars (FAC) will be renumbered so Medicaid Services (CMS) is announcing
Executive Secretary. that the next issued FAC will be FAC an opportunity for the public to
[FR Doc. 2018–23500 Filed 10–26–18; 8:45 am]
2019–01. This reissue will replace the comment on CMS’ intention to collect
prior numbering system which used information from the public. Under the
BILLING CODE 6714–01–P
FACs 2005–01 through FAC 2005–101. Paperwork Reduction Act of 1995 (the
Because of the renumbering, the PRA), federal agencies are required to
Foreword section of the FAR will be publish notice in the Federal Register
FEDERAL ELECTION COMMISSION updated to reflect the current FAC concerning each proposed collection of
number. information (including each proposed
Sunshine Act Meeting • The FAR Looseleaf package will no extension or reinstatement of an existing
longer be offered. Instead, a List of collection of information) and to allow
FEDERAL REGISTER CITATION NOTICE OF Sections Affected (LSA) will be 60 days for public comment on the
PREVIOUS ANNOUNCEMENT: 83 FR 52832. included on the https://acquisition.gov proposed action. Interested persons are
website, and updated for each FAC. invited to send comments regarding our
amozie on DSK3GDR082PROD with NOTICES1
PREVIOUSLY ANNOUNCED TIME AND DATE OF
• The matrix will continue to be burden estimates or any other aspect of
THE MEETING: Tuesday, October 23, 2018
available in the PDF version of the FAR. this collection of information, including
at 10:00 a.m.
However, acquisition.gov will be the necessity and utility of the proposed
CHANGES IN THE MEETING:The meeting releasing the new Smart Matrix. The information collection for the proper
was continued on Thursday, October 25, new FAR Smart Matrix includes a performance of the agency’s functions,
2018. filterable clause matrix, file saving the accuracy of the estimated burden,
* * * * * options, improved search capabilities, ways to enhance the quality, utility, and
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Document Created: 2018-10-27 01:09:43
Document Modified: 2018-10-27 01:09:43
| 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 November 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 54351 |
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