83 FR 55167 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB Nos. 3064-0111;-0136; and -0171)
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 83, Issue 213 (November 2, 2018)
Federal Register Volume 83, Issue 213 (November 2, 2018)
| Page Range | 55167-55170 | |
| FR Document | 2018-23987 |
[Federal Register Volume 83, Number 213 (Friday, November 2, 2018)] [Notices] [Pages 55167-55170] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-23987] ======================================================================= ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB Nos. 3064-0111;-0136; and -0171) AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. ----------------------------------------------------------------------- [[Page 55168]] SUMMARY: The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (3064-0111, 3064-0136, and 3064-0171). DATES: Comments must be submitted on or before January 2, 2019. ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods:https://www.FDIC.gov/regulations/laws/federal. Email: [email protected]. Include the name and number of the collection in the subject line of the message. Mail: Jennifer Jones (202-898-6768), Counsel, MB-3105, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the 17th Street Building (located on F Street), on business days between 7:00 a.m. and 5:00 p.m. All comments should refer to the relevant OMB control number. A copy of the comments may also be submitted to the OMB desk officer for the FDIC: Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Jennifer Jones, Counsel, 202-898-6768, [email protected], MB-3105, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. SUPPLEMENTARY INFORMATION: Proposal to renew the following currently approved collection of information: 1. Title: Activities and Investments of Insured State Banks. OMB Number: 3064-0111. Form Number: None. Affected Public: Insured state nonmember banks and insured state savings associations. Burden Estimate: Summary of Annual Burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Estimated Total annual Type of burden Obligation to number of frequency of Estimated time Frequency of estimated respond respondents responses per response response burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Activities and Investments of Reporting........ Mandatory........ 46 1 8.00 On Occasion...... 368 Insured State Banks. ---------------------------------------------------------------------------------- Total Hourly Burden........ ................. ................. .............. .............. .............. ................. 368 hours -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: Section 24 of the Federal Deposit Insurance (FDI Act), 12 U.S.C. 1831a, limits investments and other activities in which state banks may engage as principal to those permissible for national banks and those approved by the FDIC under procedures set forth in Part 362 of the FDIC's Rules and Regulations, 12 CFR part 362. With certain exceptions, section 24 of the FDI Act limits the direct equity investments of state chartered banks to equity investments that are permissible for national banks. In addition, the statute prohibits an insured state bank from directly engaging, as a principal, in any activity that is not permissible for a national bank, or indirectly through a subsidiary in an activity that is not permissible for a subsidiary of a national bank, unless such bank meets its minimum capital requirements and the FDIC determines that the activity does not pose significant risk to the Deposit Insurance Fund. The FDIC can make such a determination for exception by regulation or by order. The FDIC's implementing regulation for section 24 is 12 CFR part 362. This regulation details the activities that insured state nonmember banks or their subsidiaries may engage in, under certain criteria and conditions, and identifies the information that banks must furnish to the FDIC in order to obtain the FDIC's approval or non- objection. Section 28(a), 12 U.S.C. 1831e, similarly limits the investments and activities of state savings associations and their service corporations to those permitted by federal savings associations and their service corporations, absent FDIC approval. There is no change in the method or substance of the collection. The overall reduction in burden hours is the result of economic fluctuation. In particular, the number of respondents has decreased while the hours per response and frequency of responses have remained the same. 2. Title: Privacy of Consumer Information. OMB Number: 3064-0136. Form Number: None. Affected Public: Insured state nonmember banks and consumers. Burden Estimate: Summary of Annual Burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Estimated Total annual Type of burden Obligation to number of frequency of Estimated time Frequency of estimated respond respondents responses per response response burden (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- Consumer Opt-Out/Status Update Reporting........ Voluntary........ 212,432 1 30 min.......... On Occasion..... 6,372,960 Annual Notice and Change in Third-Party Mandatory........ 4,015 1 8............... On Occasion..... 32,120 Terms. Disclosure. Initial Notice to Consumers... Third-Party Mandatory........ 208 1 80.............. On Occasion..... 16,640 Disclosure. [[Page 55169]] Opt-Out Notice................ Third-Party Mandatory........ 866 1 8............... On Occasion..... 6,928 Disclosure. ----------------------------------------------------------------------------------- Total Hourly Burden....... ................. ................. .............. .............. ................ ................ 6,428,648 hours -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: The elements of this collection are required under sections 503 and 504 of the Gramm-Leach-Bliley Act, 15 U.S.C. 6803, 6804. The collection mandates notice requirements and restrictions on a financial institution's ability to disclose nonpublic personal information about consumers to nonaffiliated third parties. There is no change in the method or substance of the collection. The hours per response and frequency of responses have remained the same. 3. Title: Registration of Mortgage Loan Originators (SAFE Act). OMB Number: 3064-0171. Form Number: None. Affected Public: FDIC Supervised Institutions and Employee Mortgage Loan Originators. Burden Estimate: Summary of Annual Burden -------------------------------------------------------------------------------------------------------------------------------------------------------- Estimated Estimated Total annual Type of burden Obligation to number of frequency of Estimated time Frequency of estimated respond respondents responses per response response burden (hours) -------------------------------------------------------------------------------------------------------------------------------------------------------- Financial Institution Policies Recordkeeping.... Mandatory........ 3,575 1 20 hours........ On Occasion..... 71,500 and Procedures for Ensuring Employee-Mortgage Loan Originator Compliance With S.A.F.E. Act Requirements. Financial Institution Recordkeeping.... Mandatory........ 3,575 1 60 hours........ On Occasion..... 214,500 Procedures to Track and Monitor Compliance with S.A.F.E. Act Compliance. Financial Institution Recordkeeping.... Mandatory........ 3,575 1 20 hours........ On Occasion..... 71,500 Procedures for the Collection and Maintenance of Employee Mortgage Loan Originator's Criminal History Background Reports. Financial Institution Third Party Mandatory........ 3,575 1 25 hours........ On Occasion..... 89,375 Procedures for Public Disclosure. Disclosure of Mortgage Loan Originator's Unique Identifier. Financial Institution Reporting........ Mandatory........ 3,575 1 15 minutes...... On Occasion..... 893.75 Information Reporting to Registry. Mortgage Loan Originator Reporting........ Mandatory........ 88,646 1 15 minutes...... On Occasion..... 22,161.50 Initial and Annual Renewal Registration Reporting and Authorization Requirements. Mortgage Loan Originator Reporting........ Mandatory........ 38,118 1 15 minutes...... On Occasion..... 9,529.50 Registration Updates Upon Change in Circumstances. Financial Institution Recordkeeping.... Mandatory........ 3,575 1 4 hours......... On Occasion..... 14,300 Procedures for the Collection of Employee Mortgage Loan Originator's Fingerprints. Mortgage Loan Originator Third Party Mandatory........ 88,646 1 1 hour.......... On Occasion..... 88,646 Procedures for Disclosure to Disclosure. Consumers of Unique Identifier. ----------------------------------------------------------------------------------- Total Hourly Burden....... ................. ................. .............. .............. ................ ................ 582,405.75 hours -------------------------------------------------------------------------------------------------------------------------------------------------------- General Description of Collection: This information collection implements the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requirement that employees of Federally-regulated institutions who engage in the business of a mortgage loan originator to register with the Nationwide Mortgage Licensing System [[Page 55170]] and Registry and establishes national licensing and registration requirements. It also directs Federally-regulated institutions to have written policies and procedures in place to ensure that their employees who perform mortgage loan originations comply with the registration and other SAFE Act requirements. There is no change in the method or substance of the collection. The overall reduction in burden hours is the result of economic fluctuation. In particular, the number of respondents has decreased while the hours per response and frequency of responses have remained the same. Request for Comment Comments are invited on: (a) Whether the collections of information are 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 collections, 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 collections 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 30, 2018. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2018-23987 Filed 11-1-18; 8:45 am] BILLING CODE 6714-01-P
![Federal Register / Vol. 83, No. 213 / Friday, November 2, 2018 / Notices 55167
required by the Paperwork Reduction information on the respondents, designated for alarm use in urban areas
Act of 1995 (PRA), the Federal including the use of automated are not in use. The Commission
Communications Commission (FCC or collection techniques or other forms of tentatively concluded that it would be
Commission) invites the general public information technology; and ways to in the public interest to make these
and other Federal agencies to take this further reduce the information frequencies available for other PLMR
opportunity to comment on the collection burden on small business operations in those areas and sought
following information collections. concerns with fewer than 25 employees. comment on this proposal, including its
Comments are requested concerning: OMB Control Number: 3060–0984. costs and benefits. The Commission also
Whether the proposed collection of Title: 90.175(b)(1), Frequency sought comment on other ways to
information is necessary for the proper Coordinator Requirements, Industrial/ expand PLMR users’ access to
performance of the functions of the Business Pool frequencies. frequencies that are designated, but no
Commission, including whether the Form Number: N/A. longer needed, for central station
information shall have practical utility; Type of Review: Revision of a commercial protection services,
the accuracy of the Commission’s currently approved collection. including by making available channels
burden estimate; ways to enhance the Respondents: Business or other for- in urbanized areas where some of the
quality, utility, and clarity of the profit entities, and State, local, or tribal urban frequencies are in use, including:
information collected; ways to minimize government. Related costs and benefits associated
the burden of the collection of Number of Respondents and with such proposals; current and
information on the respondents, Responses: 2,700 respondents; 2,700 expected future need for central station
including the use of automated responses. commercial protection service channels
collection techniques or other forms of Estimated Time per Response: 1 hour. in the 460–470 MHz band; and how to
information technology; and ways to Frequency of Response: One-time protect incumbent central station
further reduce the information reporting requirement, and third party commercial protection service
collection burden on small business disclosure requirement. operations from harmful interference if
concerns with fewer than 25 employees. Obligation to Respond: Required to eliminating the use restriction on any
The FCC may not conduct or sponsor obtain or retain benefits. Statutory frequency in any area where it currently
a collection of information unless it authority for this collection of is in use.
displays a currently valid Office of information is contained in Sections On October 22, 2018, the Commission
Management and Budget (OMB) control 4(i), 11, 303(g), 303(r), and 332(c)(7) of issued a Report and Order and Order,
number. No person shall be subject to the Communications Act of 1934, as FCC 18–143, in WP Docket No. 15–32,
any penalty for failing to comply with amended, 47 U.S.C. 154(i), 161, 301, RM–11572, WP Docket No. 16–261,
a collection of information subject to the 302(a), 303(g), 303(r), 309, 332(c)(7), 336 RM–11719 and RM–11722 (800/PLMR
PRA that does not display a valid OMB and 337. Access Order), in which it revised
control number. Total Annual Burden: 2,700 hours. certain rules to require applicants for
DATES: Written comments should be Total Annual Cost: No cost. channels currently designated for
submitted on or before January 2, 2019. Privacy Impact Assessment: No central station alarm use to obtain the
If you anticipate that you will be impact(s). concurrence of the central station alarm
submitting comments, but find it Nature and Extent of Confidentiality: frequency coordinator in order to use
difficult to do so within the period of There is no need for confidentiality with the channels for uses other than central
time allowed by this notice, you should this collection of information. station alarm operations. This
advise the contacts below as soon as Needs and Uses: Section 90.175 requirement is similar to existing
possible. requires third party disclosures by requirements pertaining to certain other
applicants proposing to operate a land channels. The Report and Order and
ADDRESSES: Direct all PRA comments to mobile radio station. If they are
Cathy Williams, FCC, via email: PRA@ Order did not revise any of the
requesting a frequency that formerly information collection requirements that
fcc.gov and to Cathy.Williams@fcc.gov. was coordinated exclusively by one are contained in this collection but
FOR FURTHER INFORMATION CONTACT: For industry-specific frequency coordinator, rather added additional frequencies to
additional information about the they are required to obtain written the list. Therefore, this essentially is
information collection, contact Cathy concurrence of that frequency adding an additional 200 respondents to
Williams at (202) 418–2918. coordinator. this collection.
SUPPLEMENTARY INFORMATION: As part of On August 18, 2016, the Commission
its continuing effort to reduce adopted a Notice of Proposed Federal Communications Commission.
paperwork burdens, and as required by Rulemaking, FCC 16–110, in WP Docket Marlene Dortch,
the PRA, 44 U.S.C. 3501–3520, the FCC No. 16–261, RM–11719 and RM–11722 Secretary, Office of the Secretary.
invites the general public and other (2016 Notice of Proposed Rulemaking), [FR Doc. 2018–24021 Filed 11–1–18; 8:45 am]
Federal agencies to take this which proposed to amend Part 90 of the BILLING CODE 6712–01–P
opportunity to comment on the Commission’s Rules to expand access to
following information collections. private land mobile radio (PLMR)
Comments are requested concerning: spectrum. Among the many actions FEDERAL DEPOSIT INSURANCE
Whether the proposed collection of taken in the 2016 Spectrum Access CORPORATION
information is necessary for the proper NPRM, the Commission proposed to
performance of the functions of the make certain frequencies that are Agency Information Collection
Commission, including whether the designated for central station alarm Activities: Proposed Collection
information shall have practical utility; operations available for other PLMR Renewal; Comment Request (OMB
the accuracy of the Commission’s uses. Nos. 3064–0111;–0136; and –0171)
burden estimate; ways to enhance the Specifically, the Commission AGENCY: Federal Deposit Insurance
quality, utility, and clarity of the proposed to modify section 95.35(c)(63) Corporation (FDIC).
information collected; ways to minimize to remove the use limitation in the
ACTION: Notice and request for comment.
the burden of the collection of urbanized areas where the frequencies
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![55170 Federal Register / Vol. 83, No. 213 / Friday, November 2, 2018 / Notices
and Registry and establishes national inspection at the Federal Reserve Bank determined by Order to be closely
licensing and registration requirements. indicated. The applications will also be related to banking and permissible for
It also directs Federally-regulated available for inspection at the offices of bank holding companies. Unless
institutions to have written policies and the Board of Governors. Interested otherwise noted, these activities will be
procedures in place to ensure that their persons may express their views in conducted throughout the United States.
employees who perform mortgage loan writing on the standards enumerated in Each notice is available for inspection
originations comply with the the BHC Act (12 U.S.C. 1842(c)). If the at the Federal Reserve Bank indicated.
registration and other SAFE Act proposal also involves the acquisition of The notice also will be available for
requirements. a nonbanking company, the review also inspection at the offices of the Board of
There is no change in the method or includes whether the acquisition of the Governors. Interested persons may
substance of the collection. The overall nonbanking company complies with the express their views in writing on the
reduction in burden hours is the result standards in section 4 of the BHC Act question whether the proposal complies
of economic fluctuation. In particular, (12 U.S.C. 1843). Unless otherwise with the standards of section 4 of the
the number of respondents has noted, nonbanking activities will be BHC Act.
decreased while the hours per response conducted throughout the United States. Unless otherwise noted, comments
and frequency of responses have Unless otherwise noted, comments regarding the applications must be
remained the same. regarding each of these applications received at the Reserve Bank indicated
must be received at the Reserve Bank or the offices of the Board of Governors
Request for Comment indicated or the offices of the Board of not later than November 19, 2018.
Comments are invited on: (a) Whether Governors not later than November 26, A. Federal Reserve Bank of Chicago
the collections of information are 2018. (Colette A. Fried, Assistant Vice
necessary for the proper performance of A. Federal Reserve Bank of New York President) 230 South LaSalle Street,
the FDIC’s functions, including whether (Ivan Hurwitz, Vice President) 33 Chicago, Illinois 60690–1414:
the information has practical utility; (b) Liberty Street, New York, New York
1. Lee Capital Corp, Fort Madison,
the accuracy of the estimates of the 10045–0001. Comments can also be sent
Iowa; to continue engaging in extending
burden of the information collections, electronically to
credit and servicing loans, pursuant to
including the validity of the Comments.applications@ny.frb.org:
1. Woori Financial Group, Seoul, section 225.28(b)(1) of Regulation Y.
methodology and assumptions used; (c)
ways to enhance the quality, utility, and South Korea; to become a bank holding Board of Governors of the Federal Reserve
clarity of the information to be company by acquiring voting shares of System, October 29, 2018.
collected; and (d) ways to minimize the Woori Bank, Seoul, South Korea, and Ann Misback,
burden of the collections of information thereby indirectly acquire shares of Secretary of the Board.
on respondents, including through the Woori America Bank, New York, New [FR Doc. 2018–23953 Filed 11–1–18; 8:45 am]
use of automated collection techniques York. BILLING CODE P
or other forms of information B. Federal Reserve Bank of
technology. All comments will become Minneapolis (Mark A. Rauzi, Vice
a matter of public record. President), 90 Hennepin Avenue,
Minneapolis, Minnesota 55480–0291: FEDERAL RETIREMENT THRIFT
Dated at Washington, DC, on October 30, 1. Orvet, Inc. and Silver Springs
2018. INVESTMENT BOARD
Financial Corp, both of Minneapolis,
Federal Deposit Insurance Corporation. Minnesota; to acquire voting shares of Meeting of the Employee Thrift
Robert E. Feldman, Lake Country Community Bank, Advisory Council
Executive Secretary. Morristown, Minnesota.
[FR Doc. 2018–23987 Filed 11–1–18; 8:45 am] The Employee Thrift Advisory
Board of Governors of the Federal Reserve
BILLING CODE 6714–01–P System, October 29, 2018.
Council will meet Thursday, November
8, 2018 at 1 p.m. (In-Person) at 77 K
Ann Misback,
Street NE, Washington, DC 20002. The
Secretary of the Board.
agenda for the meeting is:
FEDERAL RESERVE SYSTEM [FR Doc. 2018–23954 Filed 11–1–18; 8:45 am]
1. Approval of the minutes of the May
BILLING CODE P
Formations of, Acquisitions by, and 30, 2018 Joint Board/ETAC meeting
Mergers of Bank Holding Companies 2. Thrift Savings Plan Statistics
The companies listed in this notice FEDERAL RESERVE SYSTEM 3. FY18 FRTIB Budget Update
have applied to the Board for approval, 4. Auto Enrollment Update
Notice of Proposals To Engage in or 5. Blended Retirement Update
pursuant to the Bank Holding Company
To Acquire Companies Engaged in 6. Additional Withdrawals Update
Act of 1956 (12 U.S.C. 1841 et seq.)
Permissible Nonbanking Activities
(BHC Act), Regulation Y (12 CFR part 7. Call Center Enhancement
225), and all other applicable statutes The companies listed in this notice 8. L Funds Glide Path
and regulations to become a bank have given notice under section 4 of the 9. New Business
holding company and/or to acquire the Bank Holding Company Act (12 U.S.C. Contact Person For More Information:
assets or the ownership of, control of, or 1843) (BHC Act) and Regulation Y, (12 Kimberly Weaver, Director, Office of
the power to vote shares of a bank or CFR part 225) to engage de novo, or to External Affairs, (202) 942–1640.
bank holding company and all of the acquire or control voting securities or
banks and nonbanking companies assets of a company, including the Dated: October 30, 2018.
owned by the bank holding company, companies listed below, that engages Dharmesh Vashee,
including the companies listed below. either directly or through a subsidiary or Deputy General Counsel, Federal Retirement
The applications listed below, as well other company, in a nonbanking activity Thrift Investment Board.
as other related filings required by the that is listed in § 225.28 of Regulation Y [FR Doc. 2018–24001 Filed 11–1–18; 8:45 am]
Board, are available for immediate (12 CFR 225.28) or that the Board has BILLING CODE P
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Document Created: 2018-11-02 01:10:13
Document Modified: 2018-11-02 01:10:13
| 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 January 2, 2019. | |
| 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 55167 |
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