19285Federal Register / Vol. 83, No. 85 / Wednesday, May 2, 2018 / Notices
• 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), Counsel, MB–3007, 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 OMB
control number 3064–0124. 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, Counsel, 202–898–3767,
mcabeza@FDIC.gov, MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currently
approved collection of information:
Title: Notification of Change of
Insured Status.
OMB Number: 3064–0124.
Form Number: None.
Affected Public: Insured depository
institutions.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Type of burden Obligation
to respond
Estimated
number
of respondents
Estimated time
per response
(hours)
Frequency
of response
Average total
annual
estimated
burden
(hours)
Certification .................................................. Reporting ................. Mandatory ............... 150 .25 On Occasion ........... 37.5
Notification ................................................... Disclosure ................ Mandatory ............... 2 1 On Occasion ........... 3
Total Estimated Annual Burden ........... .................................. .................................. ........................ ........................ .................................. 39.5
General Description of Collection:
This information collection consists of
two parts: (1) A certification that
insured depository institutions provide
the FDIC when all deposit liabilities
from one insured depository institution
are assumed from another insured
depository institution, with the latter
institution responsible for providing the
certification; and (2) a notification that
an insured depository institution
provides to its depositors when it seeks
to voluntarily terminate its insured
status. The certification is necessary to
implement the provisions of section 8(q)
of the Federal Deposit Insurance Act, 12
U.S.C. 1818(q), regarding termination of
the insured status of the transferring
institution and termination of the
separate deposit insurance coverage
provided on deposit accounts assumed
by the assuming institution. The
depositor notification is required by
section 8(a)(6) of the Federal Deposit
Insurance Act, 12 U.S.C. 1818(a)(6).
This provision ensures that the
institution’s depositors receive
appropriate information regarding the
institution’s intent to terminate its
insured status and that, prior to the
termination of the institution’s insured
status, depositors receive appropriate
information concerning federal deposit
insurance coverage of their accounts
once the institution’s insured status is
terminated.
There is no change in the
methodology or substance of this
information collection. The number of
certifications submitted under this
information collection is closely related
to the number of insured depository
institutions that are acquired by another
depository institution through mergers
or as a result of the closing of the
institution by its chartering authority.
The number of depositor notifications is
driven by the number of institutions
that elect to voluntarily terminate its
insured status without having its
deposits assumed by another insured
depository institution. The change in
burden is due to economic fluctuation
reflected in a lower number of
certifications following mergers or
closures and a reduction in the number
of notifications due to voluntary
terminations of insured status.
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.
Dated at Washington, DC, on April 27,
2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018–09325 Filed 5–1–18; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0195]
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
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of an existing
information collection, as required by
the Paperwork Reduction Act of 1995
(PRA). Currently, the FDIC is soliciting
comment on renewal of the information
collection described below.
DATES: Comments must be submitted on
or before July 2, 2018.
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), Counsel, MB–3007, 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.
VerDate Sep<11>2014 22:14 May 01, 2018 Jkt 244001 PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 E:\FR\FM\02MYN1.SGM 02MYN1
daltland on DSKBBV9HB2PROD with NOTICES
• 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), Counsel, MB–3007, 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 OMB
control number 3064–0124. 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, Counsel, 202–898–3767,
mcabeza@FDIC.gov, MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currently
approved collection of information:
Title: Notification of Change of
Insured Status.
OMB Number: 3064–0124.
Form Number: None.
Affected Public: Insured depository
institutions.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Type of burden Obligation
to respond
Estimated
number
of respondents
Estimated time
per response
(hours)
Frequency
of response
Average total
annual
estimated
burden
(hours)
Certification .................................................. Reporting ................. Mandatory ............... 150 .25 On Occasion ........... 37.5
Notification ................................................... Disclosure ................ Mandatory ............... 2 1 On Occasion ........... 3
Total Estimated Annual Burden ........... .................................. .................................. ........................ ........................ .................................. 39.5
General Description of Collection:
This information collection consists of
two parts: (1) A certification that
insured depository institutions provide
the FDIC when all deposit liabilities
from one insured depository institution
are assumed from another insured
depository institution, with the latter
institution responsible for providing the
certification; and (2) a notification that
an insured depository institution
provides to its depositors when it seeks
to voluntarily terminate its insured
status. The certification is necessary to
implement the provisions of section 8(q)
of the Federal Deposit Insurance Act, 12
U.S.C. 1818(q), regarding termination of
the insured status of the transferring
institution and termination of the
separate deposit insurance coverage
provided on deposit accounts assumed
by the assuming institution. The
depositor notification is required by
section 8(a)(6) of the Federal Deposit
Insurance Act, 12 U.S.C. 1818(a)(6).
This provision ensures that the
institution’s depositors receive
appropriate information regarding the
institution’s intent to terminate its
insured status and that, prior to the
termination of the institution’s insured
status, depositors receive appropriate
information concerning federal deposit
insurance coverage of their accounts
once the institution’s insured status is
terminated.
There is no change in the
methodology or substance of this
information collection. The number of
certifications submitted under this
information collection is closely related
to the number of insured depository
institutions that are acquired by another
depository institution through mergers
or as a result of the closing of the
institution by its chartering authority.
The number of depositor notifications is
driven by the number of institutions
that elect to voluntarily terminate its
insured status without having its
deposits assumed by another insured
depository institution. The change in
burden is due to economic fluctuation
reflected in a lower number of
certifications following mergers or
closures and a reduction in the number
of notifications due to voluntary
terminations of insured status.
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.
Dated at Washington, DC, on April 27,
2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018–09325 Filed 5–1–18; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0195]
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
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of an existing
information collection, as required by
the Paperwork Reduction Act of 1995
(PRA). Currently, the FDIC is soliciting
comment on renewal of the information
collection described below.
DATES: Comments must be submitted on
or before July 2, 2018.
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), Counsel, MB–3007, 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.
VerDate Sep<11>2014 22:14 May 01, 2018 Jkt 244001 PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 E:\FR\FM\02MYN1.SGM 02MYN1
daltland on DSKBBV9HB2PROD with NOTICES
19286 Federal Register / Vol. 83, No. 85 / Wednesday, May 2, 2018 / Notices
All comments should refer to OMB
control number 3064–0195. 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, Counsel, 202–898–3767,
mcabeza@FDIC.gov, MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently approved collection of
information:
Title: Minimum requirements for
appraisal management companies.
OMB Number: 3064–0195.
Form Number: None.
Affected Public: Participating States
and Appraisal Management Companies
that are subsidiaries owned and
controlled by insured depository
institutions.
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
FDIC, FRB
and OCC
share
FHFA
share
IC #1—AMC Written Notice
of Appraiser Removal
from Network or Panel
(323.10).
Record Keeping ... 9,881 1 0,08 On Occasion ... 790 237 ........... 79
IC #2—State Recordkeeping
Requirements (323.11(a)
& (b).
Record Keeping ... 5 1 40 On Occasion ... 200 50 ............. 50
IC #3—AMC Reporting Re-
quirements (State and
Federal AMCs) (323.12 &
13(c)).
Reporting .............. 200 2 1 On Occasion ... 400 120 ........... 40
IC #4—State Reporting Re-
quirements to the Ap-
praisal Sub Committee
(323.14).
Reporting .............. 55 1 1 On Occasion ... 55 14 ............. 14
Total Estimated Annual Bur-
den.
............................... ........................ ........................ ........................ ......................... 1,445 421 hours 183 hours.
General Description of Collection: The
FDIC, the Office of the Comptroller of
the Currency (OCC), The Board of
Governors of the Federal Reserve
System (FRB) and the Federal Home
Finance Agency (FHFA) (collectively,
the Agencies) issued regulations to
implement the requirements of section
1473 of the Dodd-Frank Wall Street
Reform and Consumer Protection Act to
be applied by States in the registration
and supervision of appraisal
management companies (AMCs). The
regulations also implement the
requirement in section 1473 of the
Dodd-Frank Act for States to report to
the Appraisal Subcommittee (ASC) of
the Federal Financial Institutions
Examination Council (FFIEC) the
information required by the Appraisal
Subcommittee (ASC) to administer the
new national registry of appraisal
management companies (AMC National
Registry or Registry). The FDIC’s
regulation is found at 12 CFR part 323
(the Regulation) and contains the
following PRA recordkeeping and
reporting requirements:
AMC Recordkeeping Requirements (IC
#1). Section 323.10 of the Regulation
provides that an appraiser in an AMC’s
network or panel is deemed to remain
on the network or panel until: (i) The
AMC sends a written notice to the
appraiser removing the appraiser with
an explanation; or (ii) receives a written
notice from the appraiser asking to be
removed or a notice of the death or
incapacity of the appraiser. The AMC
would retain these notices in its files.
State Recordkeeping Requirements (IC
#2). States seeking to register AMCs
must have an AMC registration and
supervision program. Section 323.11(a)
of the Regulation requires each
participating State to establish and
maintain within its appraiser certifying
and licensing agency a registration and
supervision program with the legal
authority and mechanisms to: (i) Review
and approve or deny an application for
initial registration; (ii) periodically
review and renew, or deny renewal of,
an AMC’s registration; (iii) examine an
AMC’s books and records and require
the submission of reports, information,
and documents; (iv) verify an AMC’s
panel members’ certifications or
licenses; (v) investigate and assess
potential violations of laws, regulations,
or orders; (vi) discipline, suspend,
terminate, or deny registration renewals
of, AMCs that violate laws, regulations,
or orders; and (vii) report violations of
appraisal-related laws, regulations, or
orders, and disciplinary and
enforcement actions to the ASC.
Section 323.11(b) requires each
participating State to impose
requirements on AMCs not regulated by
a Federal financial institutions
regulatory agency nor owned and
controlled by an insured depository
institution to: (i) Register with and be
subject to supervision by a State
appraiser certifying and licensing
agency in each State in which the AMC
operates; (ii) use only State-certified or
State-licensed appraisers for Federally-
regulated transactions in conformity
with any Federally-regulated transaction
regulations; (iii) establish and comply
with processes and controls reasonably
designed to ensure that the AMC, in
engaging an appraiser, selects an
appraiser who is independent of the
transaction and who has the requisite
education, expertise, and experience
necessary to competently complete the
appraisal assignment for the particular
market and property type; (iv) direct the
appraiser to perform the assignment in
accordance with the Uniform Standards
of Professional Appraisal Practice; and
(v) establish and comply with processes
and controls reasonably designed to
ensure that the AMC conducts its
appraisal management services in
accordance with section 129E(a)–(i) of
the Truth-in-Lending Act.
AMC Reporting Requirements (IC #3).
Section 323.13(c) requires that a
Federally-regulated AMC report to the
State or States in which it operates the
information required to be submitted by
the State pursuant to the ASC’s policies,
including: (i) Information regarding the
determination of the AMC National
VerDate Sep<11>2014 22:14 May 01, 2018 Jkt 244001 PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 E:\FR\FM\02MYN1.SGM 02MYN1
daltland on DSKBBV9HB2PROD with NOTICES
All comments should refer to OMB
control number 3064–0195. 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, Counsel, 202–898–3767,
mcabeza@FDIC.gov, MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently approved collection of
information:
Title: Minimum requirements for
appraisal management companies.
OMB Number: 3064–0195.
Form Number: None.
Affected Public: Participating States
and Appraisal Management Companies
that are subsidiaries owned and
controlled by insured depository
institutions.
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
FDIC, FRB
and OCC
share
FHFA
share
IC #1—AMC Written Notice
of Appraiser Removal
from Network or Panel
(323.10).
Record Keeping ... 9,881 1 0,08 On Occasion ... 790 237 ........... 79
IC #2—State Recordkeeping
Requirements (323.11(a)
& (b).
Record Keeping ... 5 1 40 On Occasion ... 200 50 ............. 50
IC #3—AMC Reporting Re-
quirements (State and
Federal AMCs) (323.12 &
13(c)).
Reporting .............. 200 2 1 On Occasion ... 400 120 ........... 40
IC #4—State Reporting Re-
quirements to the Ap-
praisal Sub Committee
(323.14).
Reporting .............. 55 1 1 On Occasion ... 55 14 ............. 14
Total Estimated Annual Bur-
den.
............................... ........................ ........................ ........................ ......................... 1,445 421 hours 183 hours.
General Description of Collection: The
FDIC, the Office of the Comptroller of
the Currency (OCC), The Board of
Governors of the Federal Reserve
System (FRB) and the Federal Home
Finance Agency (FHFA) (collectively,
the Agencies) issued regulations to
implement the requirements of section
1473 of the Dodd-Frank Wall Street
Reform and Consumer Protection Act to
be applied by States in the registration
and supervision of appraisal
management companies (AMCs). The
regulations also implement the
requirement in section 1473 of the
Dodd-Frank Act for States to report to
the Appraisal Subcommittee (ASC) of
the Federal Financial Institutions
Examination Council (FFIEC) the
information required by the Appraisal
Subcommittee (ASC) to administer the
new national registry of appraisal
management companies (AMC National
Registry or Registry). The FDIC’s
regulation is found at 12 CFR part 323
(the Regulation) and contains the
following PRA recordkeeping and
reporting requirements:
AMC Recordkeeping Requirements (IC
#1). Section 323.10 of the Regulation
provides that an appraiser in an AMC’s
network or panel is deemed to remain
on the network or panel until: (i) The
AMC sends a written notice to the
appraiser removing the appraiser with
an explanation; or (ii) receives a written
notice from the appraiser asking to be
removed or a notice of the death or
incapacity of the appraiser. The AMC
would retain these notices in its files.
State Recordkeeping Requirements (IC
#2). States seeking to register AMCs
must have an AMC registration and
supervision program. Section 323.11(a)
of the Regulation requires each
participating State to establish and
maintain within its appraiser certifying
and licensing agency a registration and
supervision program with the legal
authority and mechanisms to: (i) Review
and approve or deny an application for
initial registration; (ii) periodically
review and renew, or deny renewal of,
an AMC’s registration; (iii) examine an
AMC’s books and records and require
the submission of reports, information,
and documents; (iv) verify an AMC’s
panel members’ certifications or
licenses; (v) investigate and assess
potential violations of laws, regulations,
or orders; (vi) discipline, suspend,
terminate, or deny registration renewals
of, AMCs that violate laws, regulations,
or orders; and (vii) report violations of
appraisal-related laws, regulations, or
orders, and disciplinary and
enforcement actions to the ASC.
Section 323.11(b) requires each
participating State to impose
requirements on AMCs not regulated by
a Federal financial institutions
regulatory agency nor owned and
controlled by an insured depository
institution to: (i) Register with and be
subject to supervision by a State
appraiser certifying and licensing
agency in each State in which the AMC
operates; (ii) use only State-certified or
State-licensed appraisers for Federally-
regulated transactions in conformity
with any Federally-regulated transaction
regulations; (iii) establish and comply
with processes and controls reasonably
designed to ensure that the AMC, in
engaging an appraiser, selects an
appraiser who is independent of the
transaction and who has the requisite
education, expertise, and experience
necessary to competently complete the
appraisal assignment for the particular
market and property type; (iv) direct the
appraiser to perform the assignment in
accordance with the Uniform Standards
of Professional Appraisal Practice; and
(v) establish and comply with processes
and controls reasonably designed to
ensure that the AMC conducts its
appraisal management services in
accordance with section 129E(a)–(i) of
the Truth-in-Lending Act.
AMC Reporting Requirements (IC #3).
Section 323.13(c) requires that a
Federally-regulated AMC report to the
State or States in which it operates the
information required to be submitted by
the State pursuant to the ASC’s policies,
including: (i) Information regarding the
determination of the AMC National
VerDate Sep<11>2014 22:14 May 01, 2018 Jkt 244001 PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 E:\FR\FM\02MYN1.SGM 02MYN1
daltland on DSKBBV9HB2PROD with NOTICES