Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
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 ...
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, without change, of the existing information collection described below (OMB Control No. 3064-0184).
DATES:
Comments must be submitted on or before September 29, 2026.
ADDRESSES:
Interested parties are invited to submit written comments to the FDIC by any of the following methods:
Email: comments@fdic.gov.
Include the name and number of the collection in the subject line of the message.
Mail:
Robert Meiers, Regulatory Counsel, MB-3013, 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 NW building (located on F Street NW), on business days between 7 a.m. and 5 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:
Robert Meiers, Regulatory Attorney,
Romeiers@fdic.gov,
MB-3013, 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:
Volcker Rule Restrictions on Proprietary Trading and Relationships with Hedge Funds and Private Equity Funds.
OMB Number:
3064-0184.
Form Number:
None.
Affected Public:
Private Sector; Insured state nonmember banks and state savings associations.
Burden Estimate:
Table 1—Summary of Estimated Annual Burden
[OMB No. 3064-0184]
Information Collection (IC)
(obligation to respond)
Type of burden
(frequency of response)
Number of
respondents
Number of
responses per
respondent
Average time
per response
(HH:MM)
Annual
burden
(hours)
Implementation/Initial Set-up
1. Section 351.4(c)(3)(i)—Limit Breaches and Increases Initial Set-up (Mandatory)
Reporting (On occasion)
P
1
1
00:15
0
2. Section 351.20(d)—Requirements under Appendix A for Covered Banks with Significant Trading Assets & Liabilities Initial Set-up (Mandatory)
Reporting (Quarterly)
P
1
1
125:00
125
3. Section 351.20(i)—Notice and Response Initial Set-up (Voluntary)
Reporting (On occasion)
P
1
1
20:00
20
( printed page 48393)
4. Section 351.3(d)(3)—Purchase and Sale of Securities in Accordance with Liquidity Management Plans Initial Set-up (Mandatory)
P
The FDIC anticipates zero respondents in the upcoming cycle and uses a placeholder respondent count of 1 to preserve the potential burden.
Note:
The estimated annual IC time burden is the product, rounded to the nearest hour, of the estimated annual number of responses and the estimated time per response for a given IC. The estimated annual number of responses is the product, rounded to the nearest whole number, of the estimated annual number of respondents and the estimated annual number of responses per respondent. This methodology ensures the estimated annual burdens in the table are consistent with the values recorded in OMB's consolidated information system.
General Description of Collection:
Section 13 of the Bank Holding Company Act of 1956 (section 13) contains certain restrictions on the ability of a banking entity to engage in proprietary trading and to have certain interests in, or relationships with, a hedge fund or private equity fund. The FDIC's regulations at 12 CFR part 351 (part 351) implement section 13 with respect to FDIC-supervised insured depository institutions (IDIs). The requirements in part 351 do not apply to FDIC-supervised IDIs that have, and if every company that controls it has, total consolidated assets of $10 billion or less and total trading assets and trading liabilities, that are five percent or less of total consolidated assets.[1]
Part 351 contains provisions that constitute information collections (ICs) under the Paperwork Reduction Act corresponding to policies, rules, and regulations regarding periodic reporting requirements, documentation of trading activities and compliance programs, and various other recordkeeping and disclosure requirements for FDIC-supervised IDIs that are subject to the requirements of part 351 (covered bank).
There is no change in the substance or methodology of this information collection. The estimated annual burden for this information collection is 3,815 hours, a decrease of 234 hours from the previous renewal. This decrease is attributed to a decrease in the estimated number of respondents.
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.