72234 Federal Register / Vol. 86, No. 242 / Tuesday, December 21, 2021 / Notices
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on December 15,
2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021–27526 Filed 12–20–21; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0121; –0135; –0185]
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Agency information collection
activities: submission for OMB review;
comment request.
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 request to renew the
existing information collections
described below (OMB Control No.
3064–0121; –0135; and –0185).
DATES: Comments must be submitted on
or before January 20, 2022.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.fdic.gov/resources/
regulations/federal-register-
publications/index.html.
• 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 building
(located on F Street), 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:
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 collections of
information:
1. Title: Certification of Compliance
with Mandatory Bars to Employment.
OMB Number: 3064–0121.
Form Number: 2120/16.
Affected Public: Individuals seeking
employment from the FDIC.
Burden Estimate:
ESTIMATED ANNUAL BURDEN
[OMB 3064–0121]
Information collection description Type of burden Estimated
number of
respondents
Estimated
number of
responses per
respondent
Estimated
time per
response
(minutes)
Estimated
annual burden
(hours)
Form 2120/16 .................................................................... Reporting .......... 528 1 10 88
Total Annual Burden .................................................. ........................... ........................ ........................ ........................ 88
General Description of Collection:
This information collection arises from
the reporting requirements contained in
12 CFR part 336, subpart B, of the FDIC
Rules and Regulations entitled
‘‘Minimum Standards of Fitness for
Employment with the Federal Deposit
Insurance Corporation’’. This rule
implements Section 19 of the Resolution
Trust Corporation Completion Act
(Completion Act), Public Law 103–204,
by (among other things) prescribing a
certification, with attachments in some
cases, relating to job applicants’ fitness
and integrity. More specifically, the
statute provides that the FDIC shall
issue regulations implementing
provisions that prohibit any person from
becoming employed by the FDIC who
has been convicted of any felony; has
been removed from, or prohibited from
participating in the affairs of, any
insured depository institution pursuant
to any final enforcement action by any
appropriate federal banking agency; has
demonstrated a pattern or practice of
defalcation regarding obligations to
insured depository institutions; or has
caused a substantial loss to federal
deposit insurance funds. This collection
of information implements these
mandatory bars to employment through
a certification, signed by job applicants
prior to an offer of employment using
form 2120/16. There has been no change
in the method or substance of this
information collection. The change in
estimated annual burden is due to an
increase in the estimated number of new
hires from an annual average of 500 in
2018 to an annual average of 528
currently.
2. Title: Purchaser Eligibility
Certification.
OMB Number: 3064–0135.
Form Number: 7300–06.
Affected Public: Individuals and
entities wishing to purchase
receivership assets from the FDIC.
Burden Estimate:
VerDate Sep<11>2014 18:02 Dec 20, 2021 Jkt 256001 PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 E:\FR\FM\21DEN1.SGM 21DEN1
jspears on DSK121TN23PROD with NOTICES1
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on December 15,
2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021–27526 Filed 12–20–21; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0121; –0135; –0185]
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Agency information collection
activities: submission for OMB review;
comment request.
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 request to renew the
existing information collections
described below (OMB Control No.
3064–0121; –0135; and –0185).
DATES: Comments must be submitted on
or before January 20, 2022.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.fdic.gov/resources/
regulations/federal-register-
publications/index.html.
• 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 building
(located on F Street), 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:
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 collections of
information:
1. Title: Certification of Compliance
with Mandatory Bars to Employment.
OMB Number: 3064–0121.
Form Number: 2120/16.
Affected Public: Individuals seeking
employment from the FDIC.
Burden Estimate:
ESTIMATED ANNUAL BURDEN
[OMB 3064–0121]
Information collection description Type of burden Estimated
number of
respondents
Estimated
number of
responses per
respondent
Estimated
time per
response
(minutes)
Estimated
annual burden
(hours)
Form 2120/16 .................................................................... Reporting .......... 528 1 10 88
Total Annual Burden .................................................. ........................... ........................ ........................ ........................ 88
General Description of Collection:
This information collection arises from
the reporting requirements contained in
12 CFR part 336, subpart B, of the FDIC
Rules and Regulations entitled
‘‘Minimum Standards of Fitness for
Employment with the Federal Deposit
Insurance Corporation’’. This rule
implements Section 19 of the Resolution
Trust Corporation Completion Act
(Completion Act), Public Law 103–204,
by (among other things) prescribing a
certification, with attachments in some
cases, relating to job applicants’ fitness
and integrity. More specifically, the
statute provides that the FDIC shall
issue regulations implementing
provisions that prohibit any person from
becoming employed by the FDIC who
has been convicted of any felony; has
been removed from, or prohibited from
participating in the affairs of, any
insured depository institution pursuant
to any final enforcement action by any
appropriate federal banking agency; has
demonstrated a pattern or practice of
defalcation regarding obligations to
insured depository institutions; or has
caused a substantial loss to federal
deposit insurance funds. This collection
of information implements these
mandatory bars to employment through
a certification, signed by job applicants
prior to an offer of employment using
form 2120/16. There has been no change
in the method or substance of this
information collection. The change in
estimated annual burden is due to an
increase in the estimated number of new
hires from an annual average of 500 in
2018 to an annual average of 528
currently.
2. Title: Purchaser Eligibility
Certification.
OMB Number: 3064–0135.
Form Number: 7300–06.
Affected Public: Individuals and
entities wishing to purchase
receivership assets from the FDIC.
Burden Estimate:
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jspears on DSK121TN23PROD with NOTICES1
72235Federal Register / Vol. 86, No. 242 / Tuesday, December 21, 2021 / Notices
1 12 U.S.C. 1821(p).
2 12 CFR 340.
3 According to 12 CFR 360.10(b)(4), covered
insured depository institution means an insured
depository institution with $50 billion or more in
total assets, as determined based upon the average
of the institution’s four most recent Reports of
Condition and Income or Thrift Financial Reports
(Call Report), as applicable to the insured
depository institution.
4 77 FR 3075.
5 12 U.S.C. 1811, et seq.
6 See, e.g., 12 CFR parts 370 & 371.
ESTIMATED ANNUAL BURDEN
[OMB 3064–0135]
Information collection description Type of burden
(obligation to
respond)
Frequency
of response Number of
respondents
Number of
responses per
respondent
Hours per
response
(minutes)
Estimated
annual burden
(hours)
Purchaser Eligibility Certification
(Form No. 7300–06).
Reporting (Vol-
untary to ob-
tain a benefit).
On occasion ....... 380 1 30 190
Total Estimated Annual Burden
(Hours).
............................ ............................ ........................ ........................ ........................ 190
Source: FDIC.
General Description of Collection: The
FDIC is statutorily prohibited from
selling assets held by insured depository
institutions that have been placed under
the conservatorship or receivership of
the FDIC to individuals or entities that
profited or engaged in wrongdoing at
the expense of those failed institutions,
or seriously mismanaged those failed
institutions.1 This statutory prohibition
is implemented by regulation.2 The
FDIC uses Form No. 7300–06: Purchaser
Eligibility Certification (PEC) to
determine an entity or person’s
eligibility to purchase assets. This
Information Collection (IC) pertains to
the voluntary submission of the PEC by
persons seeking to certify their
eligibility to be able to purchase
receivership assets. Potential
respondents to this IC include any
entity or individual that wishes to bid
on or purchase assets held by insured
depository institutions that have been
placed under the conservatorship or
receivership of the FDIC. This IC
contains one reporting requirement. The
FDIC arrived at the estimated time to
respond estimate of 30 minutes per PEC
form, through observation of individuals
completing these forms at open-outcry
auction events. Since the form has not
been revised, the FDIC believes this
estimate remains reasonable and
appropriate for this ICR. The FDIC
estimated the number of respondents by
tabulating the number of PECs received
in each year between 2015 and 2020.
Over that period, the FDIC received
2,282 PECs, or approximately 380 PECs
per year on average.
3. Title: Resolution plans required for
insured depository institutions with
$100 billion or more in total assets.
OMB Number: 3064–0185.
Form Number: None.
Affected Public: FDIC insured
depository institutions with $50 billion
or more in total assets.
Burden Estimate:
SUMMARY OF ESTIMATED ANNUAL IMPLEMENTATION BURDENS
[OMB No. 3064–0185]
Description Type of burden
(obligation to
respond)
Frequency of
response Number of
respondents
Number of
responses/ re-
spondent
Time per
response
(hours)
Estimated
annual burden
(hours)
Resolution Plan Updates by GSIB
specified CIDIs.
Reporting (Man-
datory).
Annual (3 year
cycle).
9 1 21,920 197,280
Resolution Plan Updates non-GSIB
specified CIDIs.
Reporting (Man-
datory).
Annual (3 year
cycle).
22 1 3785.5 83,281
Resolution Plans by New Filers ...... Reporting (Man-
datory).
Annual (3 year
cycle).
2 1 4430.7 8,861.4
Notice of Material Change .............. Reporting (Man-
datory).
On occasion ....... 2 1 120 240
Exemption Request ......................... Reporting (Re-
quired to ob-
tain benefit).
On occasion ....... 1 1 1 1
Total Estimated Annual Burden ............................ ............................ ........................ ........................ ........................ 289,663.4
Source: FDIC.
General Description of Collection: In
2012, the FDIC issued a rule requiring
covered insured depository institutions
(CIDIs) 3 to submit resolution plans to
the FDIC (Rule).4 The Rule was
established to facilitate the FDIC’s
readiness to resolve a CIDI under the
Federal Deposit Insurance Act (FDI
Act).5 Since issuing the Rule in 2012,
the FDIC and CIDIs have been through
multiple resolution plan submission
cycles. Through this experience, the
FDIC has learned what aspects of the
resolution planning process are most
valuable and what could be clarified or
exempted. Furthermore, the FDIC has
gained additional resolution capabilities
relevant to IDI resolution through
separate rulemakings subsequent to the
issuance of the IDI Rule.6
In November 2018, FDIC Chairman
McWilliams announced that the agency
planned to revise the IDI Rule, and that
the next round of resolution plans
VerDate Sep<11>2014 18:02 Dec 20, 2021 Jkt 256001 PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 E:\FR\FM\21DEN1.SGM 21DEN1
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1 12 U.S.C. 1821(p).
2 12 CFR 340.
3 According to 12 CFR 360.10(b)(4), covered
insured depository institution means an insured
depository institution with $50 billion or more in
total assets, as determined based upon the average
of the institution’s four most recent Reports of
Condition and Income or Thrift Financial Reports
(Call Report), as applicable to the insured
depository institution.
4 77 FR 3075.
5 12 U.S.C. 1811, et seq.
6 See, e.g., 12 CFR parts 370 & 371.
ESTIMATED ANNUAL BURDEN
[OMB 3064–0135]
Information collection description Type of burden
(obligation to
respond)
Frequency
of response Number of
respondents
Number of
responses per
respondent
Hours per
response
(minutes)
Estimated
annual burden
(hours)
Purchaser Eligibility Certification
(Form No. 7300–06).
Reporting (Vol-
untary to ob-
tain a benefit).
On occasion ....... 380 1 30 190
Total Estimated Annual Burden
(Hours).
............................ ............................ ........................ ........................ ........................ 190
Source: FDIC.
General Description of Collection: The
FDIC is statutorily prohibited from
selling assets held by insured depository
institutions that have been placed under
the conservatorship or receivership of
the FDIC to individuals or entities that
profited or engaged in wrongdoing at
the expense of those failed institutions,
or seriously mismanaged those failed
institutions.1 This statutory prohibition
is implemented by regulation.2 The
FDIC uses Form No. 7300–06: Purchaser
Eligibility Certification (PEC) to
determine an entity or person’s
eligibility to purchase assets. This
Information Collection (IC) pertains to
the voluntary submission of the PEC by
persons seeking to certify their
eligibility to be able to purchase
receivership assets. Potential
respondents to this IC include any
entity or individual that wishes to bid
on or purchase assets held by insured
depository institutions that have been
placed under the conservatorship or
receivership of the FDIC. This IC
contains one reporting requirement. The
FDIC arrived at the estimated time to
respond estimate of 30 minutes per PEC
form, through observation of individuals
completing these forms at open-outcry
auction events. Since the form has not
been revised, the FDIC believes this
estimate remains reasonable and
appropriate for this ICR. The FDIC
estimated the number of respondents by
tabulating the number of PECs received
in each year between 2015 and 2020.
Over that period, the FDIC received
2,282 PECs, or approximately 380 PECs
per year on average.
3. Title: Resolution plans required for
insured depository institutions with
$100 billion or more in total assets.
OMB Number: 3064–0185.
Form Number: None.
Affected Public: FDIC insured
depository institutions with $50 billion
or more in total assets.
Burden Estimate:
SUMMARY OF ESTIMATED ANNUAL IMPLEMENTATION BURDENS
[OMB No. 3064–0185]
Description Type of burden
(obligation to
respond)
Frequency of
response Number of
respondents
Number of
responses/ re-
spondent
Time per
response
(hours)
Estimated
annual burden
(hours)
Resolution Plan Updates by GSIB
specified CIDIs.
Reporting (Man-
datory).
Annual (3 year
cycle).
9 1 21,920 197,280
Resolution Plan Updates non-GSIB
specified CIDIs.
Reporting (Man-
datory).
Annual (3 year
cycle).
22 1 3785.5 83,281
Resolution Plans by New Filers ...... Reporting (Man-
datory).
Annual (3 year
cycle).
2 1 4430.7 8,861.4
Notice of Material Change .............. Reporting (Man-
datory).
On occasion ....... 2 1 120 240
Exemption Request ......................... Reporting (Re-
quired to ob-
tain benefit).
On occasion ....... 1 1 1 1
Total Estimated Annual Burden ............................ ............................ ........................ ........................ ........................ 289,663.4
Source: FDIC.
General Description of Collection: In
2012, the FDIC issued a rule requiring
covered insured depository institutions
(CIDIs) 3 to submit resolution plans to
the FDIC (Rule).4 The Rule was
established to facilitate the FDIC’s
readiness to resolve a CIDI under the
Federal Deposit Insurance Act (FDI
Act).5 Since issuing the Rule in 2012,
the FDIC and CIDIs have been through
multiple resolution plan submission
cycles. Through this experience, the
FDIC has learned what aspects of the
resolution planning process are most
valuable and what could be clarified or
exempted. Furthermore, the FDIC has
gained additional resolution capabilities
relevant to IDI resolution through
separate rulemakings subsequent to the
issuance of the IDI Rule.6
In November 2018, FDIC Chairman
McWilliams announced that the agency
planned to revise the IDI Rule, and that
the next round of resolution plans
VerDate Sep<11>2014 18:02 Dec 20, 2021 Jkt 256001 PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 E:\FR\FM\21DEN1.SGM 21DEN1
jspears on DSK121TN23PROD with NOTICES1