Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
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 o...
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 collections described below (OMB Control No. 3064-0143; -0182; and -0204).
DATES:
Comments must be submitted on or before December 28, 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:
Forms Relating to Processing Deposit Insurance Claims.
OMB Number:
3064-0143.
Affected Public:
Private sector individuals and entities maintaining deposits at insured depository institutions.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0143]
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)
1. 7200/04—Declaration for Government Deposit (Required to obtain benefit)
Reporting (On occasion)
4
1
00:30
2
2. 7200/05—Declaration for Revocable Trust (Required to obtain benefit)
Reporting (On occasion)
6
1
00:30
3
3. 7200/06—Declaration of Independent Activity (Required to obtain benefit)
Reporting (On occasion)
P
1
1
00:30
1
4. 7200/07—Declaration of Independent Activity for Unincorporated Association (Required to obtain benefit)
Reporting (On occasion)
P
1
1
00:30
1
5. 7200/08—Declaration for Joint Ownership Deposit (Required to obtain benefit)
Reporting (On occasion)
1
1
01:00
1
6. 7200/09—Declaration for Testamentary Deposit (Required to obtain benefit)
Reporting (On occasion)
1
1
01:00
1
7. 7200/10—Declaration for Defined Contribution Plan (Required to obtain benefit)
Reporting (On occasion)
P
1
1
00:30
1
8. 7200/11—Declaration for IRA/KEOGH Deposit (Required to obtain benefit)
Reporting (On occasion)
P
1
1
00:30
1
9. 7200/12—Declaration for Defined Benefit Plan (Required to obtain benefit)
Reporting (On occasion)
P
1
1
01:00
1
10. 7200/13—Declaration of Custodian Deposit (Required to obtain benefit)
Reporting (On occasion)
6
1
00:30
3
11. 7200/14—Declaration or Health and Welfare Plan (Required to obtain benefit)
Reporting (On occasion)
P
1
1
01:00
1
12. 7200/15—Declaration for Plan and Trust (Required to obtain benefit)
Reporting (On occasion)
P
1
1
01:00
1
13. 7200/18—Declaration for Irrevocable Trust (Required to obtain benefit)
Reporting (On occasion)
P
1
1
01:00
1
14. 7200/24—Claimant Verification (Required to obtain benefit)
Reporting (On occasion)
101
1
00:30
51
15. 7200/26—Depositor Interview Form (Required to obtain benefit)
Reporting (On occasion)
12
1
00:30
6
16. Deposit Broker Submission Checklist (Required to obtain benefit)
Reporting (On occasion)
P
1
1
00:05
0
17. Electronic file on customers, “Broker Input File Requirements” (Required to obtain benefit)
Reporting (On occasion)
P
1
1
01:30
2
18. 7200/22—Declaration of Agency Account (Required to obtain benefit)
Reporting (On occasion)
P
1
1
01:00
1
Total Annual Burden (Hours)
78
Source: FDIC.
( printed page 67318)
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.
The superscript P denotes the number of respondents value is a placeholder.
General Description of Collection:
When an insured depository institution (IDI) is closed by its primary regulatory authority, the FDIC has the responsibility to pay the insured deposits pursuant to section 11(a) and (f) of the Federal Deposit Insurance Act (FDI Act), 12 U.S.C. 1821(a) and (f); and the FDIC's regulations, “Deposit Insurance Coverage,” 12 CFR part 330, and “Recordkeeping for Timely Deposit Insurance Determination,” 12 CFR part 370. In the event that the requisite information is not available in a failed IDI's records, the FDIC will utilize these forms, declarations and affidavits to request the necessary information from a depositor. The forms are used to facilitate the FDIC's deposit insurance determinations in the event of the failure of an insured depository institution. It includes 18 information collection (IC) line items, including 15 that apply to both depositors and their agents (
e.g.
deposit brokers) and three intended for use by agents alone. There is no change in the substance or methodology of this information collection. The increase in burden is primarily due to an increase in the estimated number of respondents associated with the Claimant Verification Form, which encompasses claims filed by depositors of banks that failed in 2023.
2.
Title:
Retail Foreign Exchange Transactions.
OMB Number:
3064-0182.
Form Number:
None.
Affected Public:
Insured state nonmember banks and state savings associations.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0182]
Information collection (IC)
(obligation to respond)
General Description of Collection:
This information collection implements section 742(c)(2) of the Dodd-Frank Act (7 U.S.C. 2(c)(2)(E)) and FDIC regulations governing retail foreign exchange transactions as set forth at 12 CFR part 349, subpart B. The FDIC has adopted a retail forex rule that sets forth appropriate requirements for FDIC-supervised institutions engaged in such transactions. The regulation allows banking organizations under FDIC supervision to engage in off- exchange transactions in foreign currency with retail customers provided they comply with various reporting, recordkeeping and third-party disclosure requirements specified in the rule. If an institution elects to conduct such transactions, compliance with the information collection is mandatory. There is no change in the substance or methodology of this information collection. The estimated annual burden remains unchanged from the 2024 estimate.
3.
Title:
Margin and Capital Requirements for Swap Entities.
OMB Number:
3064-0204.
Form Number:
None.
Affected Public:
Any FDIC-insured state-chartered bank that is not a member of the Federal Reserve System or FDIC-insured state-chartered savings association that is registered as a swap dealer, major swap participant, security based swap dealer, or major security based swap participant.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0204]
Information collection
(obligation to respond)
Type of burden
(frequency of response)
Number of
respondents
Number of
responses per
respondent
Time per
response
(HH:MM)
Annual
burden
(hours)
1. § 349.2 Definition of “Eligible Master Netting Agreement,” paragraphs (4)(i) and (ii) § 349.8(g) Documentation § 349.10 Documentation of Margin Matters (Mandatory)
Recordkeeping (Annual)
1
1
5:00
5
2. § 349.7(c) Custody Agreement (Mandatory)
Recordkeeping (Annual)
1
1
100:00
100
3. § 349.8(c) and (d) Initial Margin Model (Mandatory)
6. § 349.9(e) Requests for Determinations (Required to Obtain Benefits)
Reporting (On Occasion)
1
1
10:00
10
7. § 349.8(g) Documentation, (Mandatory)
Recordkeeping (Annual)
1
1
80:00
80
8. § 349.11(a)(1) Documentation for Special Affiliates (Mandatory)
Recordkeeping (Annual)
1
1
125:00
125
Total Annual Burden (Hours)
630
Source: FDIC.
( printed page 67319)
General Description of Collection:
The regulations at part 349 subpart A impose reporting and recordkeeping requirements, as defined by the PRA, on any FDIC-insured state-chartered bank that is not a member of the Federal Reserve System or FDIC-insured state- chartered savings association that is registered as a swap entity (covered swap entity). As such, the FDIC must periodically obtain approval from the Office of Management and Budget (OMB) for these collections of information (ICs) with respect to covered swap entities. The OMB approves these ICs through OMB No. 3064-0204 and last approved the ICR on December 18, 2023 (2023 ICR). OMB No. 3064-0204 is set to expire on December 31, 2026. There is no change in the substance or methodology of this information collection. The burden has increased by 125 hours, from 505 hours in 2023 to 630 hours. The increase is attributable to the inclusion of previously unaccounted for recordkeeping burden under 12 CFR 349.11(a)(1). All other burden estimates remain unchanged from the 2023 approval.
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.
www.fdic.gov/resources/regulations/federal-register-publications/
12 U.S.C. 1821(a)
12 CFR part 330