15172 Federal Register / Vol. 85, No. 52 / Tuesday, March 17, 2020 / Notices
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0057; –0112; –0127; –0140;
–0175; –0198]
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. 3064–0057; –0112;
–0127; –0140; –0175; –0198).
DATES: Comments must be submitted on
or before May 18, 2020.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal.
• 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.
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 collections of
information:
1. Title: Quarterly Certified Statement
Invoice for Deposit Insurance
Assessment.
OMB Number: 3064–0057.
Affected Public: FDIC-insured
depository institutions.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Information collection description Type of burden Obligation to respond Estimated
number of
respondents
Estimated frequency of
responses
Estimated
time per
response
(minutes)
Estimated
annual
burden
(hours)
Certified Statement for Quarterly Deposit In-
surance Assessment (FDIC Form 6420/07).
Reporting ................... Mandatory .................. 5,258 Quarterly ..................... 20 6,941
Total Estimated Annual Burden:
6,941 hours.
General Description of Collection: The
FDIC collects deposit insurance
assessments on a quarterly basis. Each
quarterly assessment is based on an
insured depository institution’s
quarterly report of condition for the
prior calendar quarter. The FDIC
collects the quarterly assessment
payments by means of direct debits
through the Automated Clearing House
network. The information collection
consists of the reporting requirement
associated with certifying the review by
officials of the insured institutions to
confirm that the assessment data are
accurate and, in cases of inaccuracy,
submission of corrected data.
2. Title: Real Estate Lending
Standards.
OMB Number: 3064–0112.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Information collection description Type of burden Obligation to respond Estimated
number of
respondents
Estimated frequency of
responses
Estimated
time per
response
(minutes)
Estimated
annual
burden
(hours)
Real Estate Lending Standards ...................... Recordkeeping ........... Mandatory .................. 3,344 On Occasion ............... 20 1,115
Total Estimated Annual Burden:
1,115 hours.
General Description of Collection:
Section 1828(o) of the Federal Deposit
Insurance Act requires each federal
banking agency to adopt uniform
regulations prescribing real estate
lending standards. Part 365 of the FDIC
Rules and Regulations, which
implements section 1828(o), requires
institutions to have real estate lending
policies that include (a) limits and
standards consistent with safe and
sound banking practices; (b) prudent
underwriting standards, including loan-
to-value ratio (LTV) limits that are clear
and measurable; (c) loan administration
policies; (d) documentation, approval
and reporting requirements; and (e) a
requirement for annual review and
approval by the board of directors. The
rule also establishes supervisory LTV
limits and other underwriting
considerations in the form of guidelines.
Since banks generally have written
policies on real estate lending, the
additional burden imposed by this
regulation is limited to modifications to
existing policies necessary to bring
those policies into compliance with the
regulation and the development of a
system to report loans in excess of the
guidelines to the board of directors.
3. Title: Fast-Track Generic Clearance
for the Collection of Qualitative
Feedback.
OMB Number: 3064–0127.
Affected Public: General public
including FDIC insured depository
institutions.
Burden Estimate:
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khammond on DSKJM1Z7X2PROD with NOTICES
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0057; –0112; –0127; –0140;
–0175; –0198]
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. 3064–0057; –0112;
–0127; –0140; –0175; –0198).
DATES: Comments must be submitted on
or before May 18, 2020.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal.
• 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.
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 collections of
information:
1. Title: Quarterly Certified Statement
Invoice for Deposit Insurance
Assessment.
OMB Number: 3064–0057.
Affected Public: FDIC-insured
depository institutions.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Information collection description Type of burden Obligation to respond Estimated
number of
respondents
Estimated frequency of
responses
Estimated
time per
response
(minutes)
Estimated
annual
burden
(hours)
Certified Statement for Quarterly Deposit In-
surance Assessment (FDIC Form 6420/07).
Reporting ................... Mandatory .................. 5,258 Quarterly ..................... 20 6,941
Total Estimated Annual Burden:
6,941 hours.
General Description of Collection: The
FDIC collects deposit insurance
assessments on a quarterly basis. Each
quarterly assessment is based on an
insured depository institution’s
quarterly report of condition for the
prior calendar quarter. The FDIC
collects the quarterly assessment
payments by means of direct debits
through the Automated Clearing House
network. The information collection
consists of the reporting requirement
associated with certifying the review by
officials of the insured institutions to
confirm that the assessment data are
accurate and, in cases of inaccuracy,
submission of corrected data.
2. Title: Real Estate Lending
Standards.
OMB Number: 3064–0112.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Information collection description Type of burden Obligation to respond Estimated
number of
respondents
Estimated frequency of
responses
Estimated
time per
response
(minutes)
Estimated
annual
burden
(hours)
Real Estate Lending Standards ...................... Recordkeeping ........... Mandatory .................. 3,344 On Occasion ............... 20 1,115
Total Estimated Annual Burden:
1,115 hours.
General Description of Collection:
Section 1828(o) of the Federal Deposit
Insurance Act requires each federal
banking agency to adopt uniform
regulations prescribing real estate
lending standards. Part 365 of the FDIC
Rules and Regulations, which
implements section 1828(o), requires
institutions to have real estate lending
policies that include (a) limits and
standards consistent with safe and
sound banking practices; (b) prudent
underwriting standards, including loan-
to-value ratio (LTV) limits that are clear
and measurable; (c) loan administration
policies; (d) documentation, approval
and reporting requirements; and (e) a
requirement for annual review and
approval by the board of directors. The
rule also establishes supervisory LTV
limits and other underwriting
considerations in the form of guidelines.
Since banks generally have written
policies on real estate lending, the
additional burden imposed by this
regulation is limited to modifications to
existing policies necessary to bring
those policies into compliance with the
regulation and the development of a
system to report loans in excess of the
guidelines to the board of directors.
3. Title: Fast-Track Generic Clearance
for the Collection of Qualitative
Feedback.
OMB Number: 3064–0127.
Affected Public: General public
including FDIC insured depository
institutions.
Burden Estimate:
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khammond on DSKJM1Z7X2PROD with NOTICES
15173Federal Register / Vol. 85, No. 52 / Tuesday, March 17, 2020 / Notices
SUMMARY OF ANNUAL BURDEN
Information collection description Type of
burden Obligation to
respond
Estimated
number of
respondents
Estimated
frequency of
responses
Estimated
time per
response
(minutes)
Estimated
annual
burden
(hours)
Occasional Qualitative Surveys .............................. Reporting ........................ Voluntary ........................ 850 15 60 12,750
Total Estimated Annual Burden ....................... ......................................... ......................................... .................... .................... .................... 12,750
General Description of Collection: The
FDIC is requesting renewal of this
approved collection to use occasional
qualitative surveys to gather information
from the public. While the subject and
nature of the surveys to be deployed
under this information collection are yet
to be determined, based on prior
experience it is expected that the
number of respondents will range from
a few to, at times several thousands, but,
in general, these surveys are expected to
involve an average of 850 respondents.
Likewise, the time to respond to the
surveys can range from a few minutes to
several hours. It is expected that the
average time to respond to a survey is
approximately one hour. These surveys
are completely voluntary in nature.
FDIC estimates that approximately 15
such surveys will be conducted in any
given year.
The purpose of the surveys is, in
general terms, to obtain anecdotal
information about regulatory burden,
problems or successes in the bank
supervisory process (including both
safety-and-soundness and consumer-
related exams), the perceived need for
regulatory or statutory change, and
similar concerns. The information in
these surveys is anecdotal in nature,
that is, samples are not necessarily
random, the results are not necessarily
representative of a larger class of
potential respondents, and the goal is
not to produce a statistically valid and
reliable database. Rather, the surveys are
expected to yield anecdotal information
about the particular experiences and
opinions of members of the public,
primarily staff at respondent banks or
bank customers. The information is
used to improve the way FDIC relates to
its clients, to develop agendas for
regulatory or statutory change, and in
some cases simply to learn how
particular policies or programs are
working, or are perceived in particular
cases.
4. Title: Insurance Sales Consumer
Protection.
OMB Number: 3064–0140.
Affected Public: Insured State
nonmember banks and savings
associations that sell insurance
products; persons who sell insurance
products in or on behalf of insured State
nonmember banks and savings
associations.
Type of Burden: Third-party
disclosure.
Obligation to Respond: Mandatory.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Information collection description Type of
burden Obligation to respond Estimated
number of
respondents
Estimated frequency of
response
Estimated
time per
response
(hours)
Estimated
annual
burden
(hours)
Insurance Sales Consumer Protections ................ Third Party
Disclosure.
Mandatory ...................... 1,774 On Occasion .................. 5 8,870
Total Estimated Annual Burden ..................... ....................... ........................................ .................... ........................................ .................... 8,870
General Description of Collection:
Respondents must prepare and provide
certain disclosures to consumers (e.g.,
that insurance products and annuities
are not FDIC-insured) and obtain
consumer acknowledgments, at two
different times: (1) Before the
completion of the initial sale of an
insurance product or annuity to a
consumer; and (2) at the time of
application for the extension of credit (if
insurance products or annuities are
sold, solicited, advertised, or offered in
connection with an extension of credit).
5. Title: Interagency Guidance on
Sound Incentive Compensation
Practices.
OMB Number: 3064–0175.
Affected Public: Insured state
nonmember banks and state savings
associations.
Obligation to Respond: Voluntary.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Type of burden Estimated
number of
respondents
Estimated
number of
responses
Estimated
time per
response
(hours)
Frequency of response
Total annual
estimated
burden
(hours)
Document policies and procedures (Implementa-
tion).
Recordkeeping ............... 1 1 40 Annual ............................ 40
Annual maintenance of policies and procedures
(Ongoing).
Recordkeeping ............... 2,164 1 2 Annual ............................ 4,328
Total Hourly Burden ......................................... ......................................... .................... .................... .................... ......................................... 4,368
Methodology and Assumptions:
Previously, each institution supervised
by the FDIC was estimated to spend 40
hours per year maintaining a record of
its policies and procedures regarding
incentive based compensation.
VerDate Sep<11>2014 17:32 Mar 16, 2020 Jkt 250001 PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 E:\FR\FM\17MRN1.SGM 17MRN1
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY OF ANNUAL BURDEN
Information collection description Type of
burden Obligation to
respond
Estimated
number of
respondents
Estimated
frequency of
responses
Estimated
time per
response
(minutes)
Estimated
annual
burden
(hours)
Occasional Qualitative Surveys .............................. Reporting ........................ Voluntary ........................ 850 15 60 12,750
Total Estimated Annual Burden ....................... ......................................... ......................................... .................... .................... .................... 12,750
General Description of Collection: The
FDIC is requesting renewal of this
approved collection to use occasional
qualitative surveys to gather information
from the public. While the subject and
nature of the surveys to be deployed
under this information collection are yet
to be determined, based on prior
experience it is expected that the
number of respondents will range from
a few to, at times several thousands, but,
in general, these surveys are expected to
involve an average of 850 respondents.
Likewise, the time to respond to the
surveys can range from a few minutes to
several hours. It is expected that the
average time to respond to a survey is
approximately one hour. These surveys
are completely voluntary in nature.
FDIC estimates that approximately 15
such surveys will be conducted in any
given year.
The purpose of the surveys is, in
general terms, to obtain anecdotal
information about regulatory burden,
problems or successes in the bank
supervisory process (including both
safety-and-soundness and consumer-
related exams), the perceived need for
regulatory or statutory change, and
similar concerns. The information in
these surveys is anecdotal in nature,
that is, samples are not necessarily
random, the results are not necessarily
representative of a larger class of
potential respondents, and the goal is
not to produce a statistically valid and
reliable database. Rather, the surveys are
expected to yield anecdotal information
about the particular experiences and
opinions of members of the public,
primarily staff at respondent banks or
bank customers. The information is
used to improve the way FDIC relates to
its clients, to develop agendas for
regulatory or statutory change, and in
some cases simply to learn how
particular policies or programs are
working, or are perceived in particular
cases.
4. Title: Insurance Sales Consumer
Protection.
OMB Number: 3064–0140.
Affected Public: Insured State
nonmember banks and savings
associations that sell insurance
products; persons who sell insurance
products in or on behalf of insured State
nonmember banks and savings
associations.
Type of Burden: Third-party
disclosure.
Obligation to Respond: Mandatory.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Information collection description Type of
burden Obligation to respond Estimated
number of
respondents
Estimated frequency of
response
Estimated
time per
response
(hours)
Estimated
annual
burden
(hours)
Insurance Sales Consumer Protections ................ Third Party
Disclosure.
Mandatory ...................... 1,774 On Occasion .................. 5 8,870
Total Estimated Annual Burden ..................... ....................... ........................................ .................... ........................................ .................... 8,870
General Description of Collection:
Respondents must prepare and provide
certain disclosures to consumers (e.g.,
that insurance products and annuities
are not FDIC-insured) and obtain
consumer acknowledgments, at two
different times: (1) Before the
completion of the initial sale of an
insurance product or annuity to a
consumer; and (2) at the time of
application for the extension of credit (if
insurance products or annuities are
sold, solicited, advertised, or offered in
connection with an extension of credit).
5. Title: Interagency Guidance on
Sound Incentive Compensation
Practices.
OMB Number: 3064–0175.
Affected Public: Insured state
nonmember banks and state savings
associations.
Obligation to Respond: Voluntary.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Type of burden Estimated
number of
respondents
Estimated
number of
responses
Estimated
time per
response
(hours)
Frequency of response
Total annual
estimated
burden
(hours)
Document policies and procedures (Implementa-
tion).
Recordkeeping ............... 1 1 40 Annual ............................ 40
Annual maintenance of policies and procedures
(Ongoing).
Recordkeeping ............... 2,164 1 2 Annual ............................ 4,328
Total Hourly Burden ......................................... ......................................... .................... .................... .................... ......................................... 4,368
Methodology and Assumptions:
Previously, each institution supervised
by the FDIC was estimated to spend 40
hours per year maintaining a record of
its policies and procedures regarding
incentive based compensation.
VerDate Sep<11>2014 17:32 Mar 16, 2020 Jkt 250001 PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 E:\FR\FM\17MRN1.SGM 17MRN1
khammond on DSKJM1Z7X2PROD with NOTICES