88 FR 119 pgs. 40822-40824 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Type: NOTICEVolume: 88Number: 119Pages: 40822 - 40824
Pages: 40822, 40823, 40824Docket number: [OMB No. 3064-0153]
FR document: [FR Doc. 2023-13224 Filed 6-21-23; 8:45 am]
Agency: Federal Deposit Insurance Corporation
Official PDF Version: PDF Version
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0153]
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
AGENCY:
Federal Deposit Insurance Corporation (FDIC).
ACTION:
Notice and request for comment.
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 collection described below (OMB Control No. 3064-0153). The notice of the proposed renewal for this information collection was previously published in the Federal Register on March 31, 2023, allowing for a 60-day comment period. No comments were received.
DATES:
Comments must be submitted on or before July 24, 2023.
ADDRESSES:
Interested parties are invited to submit written comments to the FDIC by any of the following methods:
• Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/.
• Email: comments@fdic.gov. Include the name and number of the collection in the subject line of the message.
• Mail: Jennifer Jones (202-898-6768), Regulatory Counsel, MB-3078, 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 7:00 a.m. and 5:00 p.m.
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting "Currently under 30-day Review-Open for Public Comments" or by using the search function.
FOR FURTHER INFORMATION CONTACT:
Jennifer Jones, Regulatory Counsel, 202-898-6768, jennjones@fdic.gov, MB-3078, 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: Regulatory Capital Rules.
OMB Number: 3064-0153.
Forms: None.
Affected Public: Insured state nonmember banks and state savings associations.
[top] Burden Estimate:
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| Type of burden | Estimated number of respondents | Estimated time per response (hours) | Frequency of response | Total annual estimated burden (hours) | |
|---|---|---|---|---|---|
| BASEL III Advanced Approaches: Recordkeeping, Disclosure, and Reporting | |||||
| Implementation plan-Section _.121(b): Ongoing | Recordkeeping | 1 | 330.00 | On Occasion | 330 |
| Documentation of advanced systems-Section _.122(j): Ongoing | Recordkeeping | 1 | 19.00 | On Occasion | 19 |
| (CCR)-Section _.132(d)(3)(vi): One-time | Recordkeeping | 1 | 80.00 | On Occasion | 80 |
| (CCR)-Section _.132(d)(3)(viii): One-time | Recordkeeping | 1 | 80.00 | On Occasion | 80 |
| (CCR)-Section _.132(d)(3)(viii) Ongoing | Recordkeeping | 1 | 10.00 | Quarterly | 40 |
| (CCR)-Section _.132(d)(3)(ix): One-time | Recordkeeping | 1 | 40.00 | On Occasion | 40 |
| (CCR)-Section _.132(d)(3)(ix): Ongoing | Recordkeeping | 1 | 40.00 | On Occasion | 40 |
| (CCR)-Section _.132(d)(3)(x): One-time | Recordkeeping | 1 | 20.00 | On Occasion | 20 |
| (CCR)-Section _.132(d)(3)(xi): One-time | Recordkeeping | 1 | 40.00 | On Occasion | 40 |
| (CCR)-Section _.132(d)(3)(xi): Ongoing | Recordkeeping | 1 | 40.00 | On Occasion | 40 |
| (OC)-Section _.141(b)(3), _.141(c)(1), _.141(c)(2)(i)-(ii), One-time | Recordkeeping | 1 | 39.00 | On Occasion | 39 |
| (OC)-Section _.141(c)(2)(i)-(ii): Ongoing | Recordkeeping | 1 | 10.00 | Quarterly | 40 |
| (CCR)-Section _.132(b)(2)(iii)(A): One-time | Reporting | 1 | 80.00 | On Occasion | 80 |
| (CCR)-Section _.132(b)(2)(iii)(A): Ongoing | Reporting | 1 | 16.00 | On Occasion | 16 |
| (CCR)-Section _.132(d)(2)(iv): One-time | Reporting | 1 | 80.00 | On Occasion | 80 |
| (CCR)-Section _.132(d)(2)(iv): Ongoing | Reporting | 1 | 40.00 | On Occasion | 40 |
| Supervisory approvals-Sections_.121(b)(2), _.121(c),_.122(d)-(g), _.123(a), _.124, _.132(b)(3), _.132(d)(1), _.132(d)(1)(iii), Ongoing | Reporting | 1 | 55.77 | On Occasion | 56 |
| Section _.153(b): One-time | Reporting | 1 | 1.00 | On Occasion | 1 |
| Sections _.142 and _.172, Ongoing | Disclosure | 1 | 5.78 | On Occasion | 6 |
| (CCB and CCYB)-Section _.173, Table 4, (Securitization)-Section _.173, Table 9, (IRR)-Section_.173, Table 12, Ongoing | Disclosure | 1 | 25.00 | Quarterly | 100 |
| (CCB and CCYB)-Section _.173, Table 4, (Securitization)-Section _.173, Table 9, (IRR)-Section _.173, Table 12, One-time | Disclosure | 1 | 200.00 | On Occasion | 200 |
| (Capital Structure)-Section_.173, Table 2: Ongoing | Disclosure | 1 | 2.00 | Quarterly | 8 |
| (Capital Structure)-Section_.173, Table 2: One-time | Disclosure | 1 | 16.00 | On Occasion | 16 |
| (Capital Adequacy)-Section_.173, Table 3: Ongoing | Disclosure | 1 | 2.00 | Quarterly | 8 |
| (Capital Adequacy)-Section _.173, Table 3: One-time | Disclosure | 1 | 16.00 | On Occasion | 16 |
| (CR) -Section_.173, Table 5: Ongoing | Disclosure | 1 | 12.00 | Quarterly | 48 |
| (CR)-Section _.173, Table 5: One-time | Disclosure | 1 | 96.00 | On Occasion | 96 |
| (CR) -Section_.173, Table 13: Ongoing | Disclosure | 1 | 5.00 | Quarterly | 20 |
| Section_.124(a): Ongoing | Disclosure | 1 | 0.50 | Quarterly | 2 |
| Subtotal: One-time, Recordkeeping, Reporting, and Disclosure | 788 | ||||
| Subtotal: Ongoing, Recordkeeping, Disclosure, and Reporting | 813 | ||||
| Total Recordkeeping, Disclosure, and Reporting | 1,601 | ||||
| Minimum Regulatory Capital Ratios: Recordkeeping and Reporting | |||||
| (CCR Operational Requirements)-Sections _.3(d) and_.22(h)(2)(iii)(A): One-time | Recordkeeping | 3,038 | 8.00 | On Occasion | 24,304 |
| Regulatory Capital Adjustments and Deductions-Prior Approval-Sections_.22(c)(5)(i), (c)(6), (d)(2)(i)(C), One-time | Reporting | 1 | 6.00 | On Occasion | 6 |
| Regulatory Capital Adjustments and Deductions-Prior Approval-Section_.22(h)(2)(iii)(A), One-time | Reporting | 3,038 | 2.00 | On Occasion | 6,076 |
| Subtotal: One-time Recordkeeping and Reporting | 0 | ||||
| Subtotal: Ongoing Recordkeeping and Reporting | 30,386 | ||||
| Total Recordkeeping | 30,386 | ||||
| Standardized Approach: Recordkeeping, Reporting, and Disclosure | |||||
| (QCCP)-Section _.35(b)(3)(i)(A): One-time | Recordkeeping | 1 | 2.00 | On Occasion | 2 |
| (QCCP)-Section _.35(b)(3)(i)(A): Ongoing | Recordkeeping | 3,038 | 2.00 | On Occasion | 6,076 |
| (CT)-Section _.37(c)(4)(i)(E): One-time | Recordkeeping | 1 | 80.00 | On Occasion | 80 |
| (CT)-Section _.37(c)(4)(i)(E): Ongoing | Recordkeeping | 3,038 | 16.00 | On Occasion | 48,608 |
| (SE)-Section _.41(b)(3) and _.41(c)(2)(i), One-time | Recordkeeping | 1 | 40.00 | On Occasion | 40 |
| (SE)-Section _.41(c)(2)(ii): Ongoing | Recordkeeping | 3,038 | 2.00 | On Occasion | 6,076 |
| (CT)-Section _.37(c)(4)(i)(E): Ongoing | Reporting | 1 | 1.00 | On Occasion | 1 |
| (S.E.)-Section _.42(e)(2), (C.R.) Sections_.62(a),(b),& (c), (Q&Q) Sections_.63(a) & (b), One-time | Disclosure | 1 | 226.25 | On Occasion | 226 |
| (S.E.)-Section _.42(e)(2), (CR) Sections_.62(a),(b),& (c), (Q&Q) Sections_.63(a) & (b) and _.63, Tables: Ongoing | Disclosure | 1 | 131.25 | Quarterly | 525 |
| Subtotal: One-time, Recordkeeping, Reporting, and Disclosure | 348 | ||||
| Subtotal: Ongoing, Recordkeeping, Reporting, and Disclosure | 61,286 | ||||
| Total Recordkeeping, Reporting, and Disclosure | 61,634 | ||||
| Total Hourly Burden | |||||
| Total One-Time Burden Hours | 1,136 | ||||
| Total Ongoing Burden Hours | 92,485 | ||||
| Total Burden Hours | 93,621 | ||||
General Description of Collection: This collection comprises the recordkeeping, reporting, and disclosure requirements associated with minimum capital requirements and overall capital adequacy standards for insured state nonmember banks, state savings associations, and certain subsidiaries of those entities. The data is used by the FDIC to evaluate capital before approving various applications by insured depository institutions, to evaluate capital as an essential component in determining safety and soundness, and to determine whether an institution is subject to prompt corrective action provisions.
There is no change in the method or substance of the collection. The 26,635-hour decrease in burden hours is a result of economic fluctuation, a decrease in the number of entities subject to the information collection, and efforts to align with the other banking agencies' related information collections.
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.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on June 15, 2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023-13224 Filed 6-21-23; 8:45 am]
BILLING CODE 6714-01-P