83 FR 59382 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0093)

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 83, Issue 226 (November 23, 2018)

The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collection described below.

[Federal Register Volume 83, Number 226 (Friday, November 23, 2018)]
[Notices]
[Pages 59382-59383]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-25520]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request (OMB No. 3064-0093)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its obligations under the Paperwork 
Reduction Act of 1995 (PRA), invites the general public and other 
Federal agencies to take this opportunity to comment on the renewal of 
the existing information collection described below.

DATES: Comments must be submitted on or before January 22, 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: Manny Cabeza (202-898-3767), Counsel, 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, 
[email protected], MB-3007, 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: Notices Required of Government Securities Dealers or 
Brokers.
    OMB Number: 3064-0093.
    Form Number: G-FIN; G-FINW; G-FIN4 & G-FIN5.
    Affected Public: Insured state nonmember banks acting as government 
securities brokers and dealers.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                Estimated                                                    Estimated
     Information collection         Type of burden    Obligation to respond     number of     Estimated frequency of  Estimated time per   annual burden
          description                                                          respondents          responses              response           (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notice by Financial              Reporting..........  Mandatory............               1  On Occasion............  1 hour............               1
 Institutions of Government
 Securities Broker or
 Government Securities Dealer
 Activities (G-FIN).
Notice By Financial              Reporting..........  Mandatory............               1  On Occasion............  15 minutes........             .25
 Institutions of Termination of
 Activities as a Government
 Securities Broker of
 Government Securities Dealer
 (G-FINW).
Disclosure Form for Person       Reporting..........  Mandatory............               1  On Occasion............  2 hours...........               2
 Associated with a Financial
 Institution Securities Broker
 or Dealer (G-FIN-4).
Uniform Termination Notice for   Reporting..........  Mandatory............               5  On Occasion............  2 hours...........              10
 Persons Associated With a
 Financial Institution
 Government Securities Broker
 of Dealer (G-FIN-5).
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Total Estimated Annual Burden: 13.25 hours.

General Description of Collection

    The Government Securities Act of 1986 requires all financial 
institutions acting as government securities brokers and dealers to 
notify their Federal regulatory agencies of their broker-dealer 
activities, unless exempted from the notice requirements by Treasury 
Department regulation.
    The Form G-FIN and Form G-FINW are used by insured State nonmember 
banks that are government securities brokers or dealers to notify the 
FDIC of their status or that they have ceased to function as a 
government securities broker or dealer.
    The Form G-FIN-4 is used by associated persons of insured State 
nonmember banks that are government securities brokers or dealers to 
provide certain information to the bank and to the FDIC concerning 
employment, residence, and statutory disqualification.
    The Form G-FIN-5 is used by insured State nonmember banks that are 
government securities brokers or dealers to notify the FDIC that an 
associated person is no longer associated with the

[[Page 59383]]

government securities broker or dealer function of the bank.
    There is no change in the method or substance of the collection. 
The overall reduction in burden hours (from 17 hours to 13.25 hours) is 
the result of economic fluctuation. In particular, the number of 
respondents has decreased from 17 to 8 while the hours per response and 
frequency of responses have remained the same.

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 November 19, 2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-25520 Filed 11-21-18; 8:45 am]
BILLING CODE 6714-01-P