90 FR 56 pgs. 13600-13602 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Type: NOTICEVolume: 90Number: 56Pages: 13600 - 13602
Pages: 13600, 13601, 13602Docket number: [OMB No. 3064-0095; -0218]
FR document: [FR Doc. 2025-04994 Filed 3-24-25; 8:45 am]
Agency: Federal Deposit Insurance Corporation
Official PDF Version: PDF Version
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0095; -0218]
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 (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. 3064-0095 and -0218).
DATES:
Comments must be submitted on or before May 27, 2025.
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: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-3128, 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:
Manny Cabeza, Regulatory Counsel, 202-898-3767, mcabeza@fdic.gov, MB-3128, 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: Procedures for Monitoring Bank Protection Act Compliance.
OMB Number: 3064-0095.
Form Number: None.
Affected Public: Insured State nonmember banks.
[top] Burden Estimate:
| 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. Bank Protection Act Compliance Program-Implementation, 12 CFR Part 326 Subpart A (Mandatory) | Recordkeeping (Annual) | 9 | 1 | 16:00 | 144 |
| 2. Bank Protection Act Compliance Program-Ongoing, 12 CFR Part 326 Subpart A (Mandatory) | Recordkeeping (Annual) | 2882 | 1 | 6:00 | 17,292 |
| 3. Procedures for monitoring Bank Secrecy Act compliance-Implementation, 12 CFR 326.8(b)(1) & (c) (Mandatory) | Recordkeeping (Annual) | 9 | 1 | 32:00 | 288 |
| 4. Procedures for monitoring Bank Secrecy Act compliance-Ongoing, 12 CFR 326.8(b)(1) & (c) (Mandatory) | Recordkeeping (Annual) | 2882 | 1 | 8:00 | 23,056 |
| Total Annual Burden (Hours) | 40,780 | ||||
| Source: FDIC. | |||||
General Description of Collection: The collection implements recordkeeping requirements associated with the Bank Protection Act. The Bank Protection Act of 1968 (12 U.S.C. 1881-1884) requires each Federal supervisory agency to promulgate rules establishing minimum standards for security devices and procedures to discourage financial crime and to assist in the identification of persons who commit such crimes. To avoid the necessity of constantly updating a technology-based regulation, the FDIC takes a flexible approach to implementing this statute. It requires each insured nonmember bank to designate a security officer who will administer a written security program. The security program must (1) establish procedures for opening and closing for business and for safekeeping valuables; (2) establish procedures that will assist in identifying persons committing crimes against the bank; (3) provide for initial and periodic training of employees in their responsibilities under the security program; and (4) provide for selecting, testing, operating and maintaining security devices as prescribed in the regulation. In addition, the FDIC requires the security officer to report at least annually to the bank's board of directors on the effectiveness of the security program. There is no change in the method or substance of the collection. The 9,670-hour decrease in burden is the result of the elimination of acquiring institutions as respondents, revisions to estimates of the time per response, as well as a decline in the number of FDIC-supervised institutions.
2. Title: Ombudsman Post-Examination Surveys.
OMB Number: 3064-0218.
Form Number: 6600/58; 6600/59.
Affected Public: FDIC-supervised insured depository institutions.
Burden Estimate:
| 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.Safety and Soundness Post-Examination Survey (Voluntary) | Reporting (Annual) | 492 | 1 | 00:45 | 369 |
| 2. Consumer Compliance Post-Examination Survey (Voluntary) | Reporting (Annual) | 329 | 1 | 00:45 | 247 |
| Total Annual Burden (Hours) | 616 | ||||
| Source: FDIC. | |||||
General Description of Collection: The purpose of the surveys is to gauge bankers' views on the effectiveness and quality of FDIC Safety and Soundness and Consumer Compliance examinations, as well as to identify ways to improve the examination process. Respondents are asked to voluntarily rate the efficiency of the preexamination process; examiners' professionalism and understanding of the laws and regulations; the examination process; and examination report quality. Respondents will also be allowed to provide feedback on any areas for improvement and will be given an option to have someone from the FDIC Office of the Ombudsman contact the institution confidentially about its recent examination or any other matters. There is no change in the method or substance of the collection. The 251-hour decrease in burden is the result of the reduction in the estimated annual number of respondents.
Request for Comment
[top] 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
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on March 20, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-04994 Filed 3-24-25; 8:45 am]
BILLING CODE 6714-01-P