12393Federal Register / Vol. 83, No. 55 / Wednesday, March 21, 2018 / Notices
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB Nos. 3064–0115 and 3064–0197]
Agency Information Collection
Activities: Submission for OMB
Review; 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 the existing
information collections, as required by
the Paperwork Reduction Act of 1995.
On December 29, 2017, the FDIC
requested comment for 60 days on a
proposal to renew the information
collections described below. One
comment was received for each
information collection described below.
Each was generally supportive of the
requirements set forth in the respective
rules but did not address the paperwork
burden for the information collections.
The FDIC hereby gives notice of its plan
to submit to OMB a request to approve
the renewal of these collections, and
again invites comment on these
renewals.
DATES: Comments must be submitted on
or before May 21, 2018.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• Agency website: https://
www.FDIC.gov/regulations/laws/federal.
Follow instructions for submitting
comments on the Agency website.
• 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,
Counsel, MB–3105, 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:
Jennifer Jones, 202–898–6768,
jennjones@FDIC.gov, Counsel, MB–
3105, Federal Deposit Insurance
Corporation, 550 17th Street NW,
Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On
December 29, 2017, the FDIC requested
comment for 60 days on a proposal to
renew the information collections
described below. One comment was
received for each information collection
described below. Each was generally
supportive of the requirements set forth
in the respective rules but did not
address the paperwork burden for the
information collections. The FDIC
hereby gives notice of its plan to submit
to OMB a request to approve the
renewal of these collections, and again
invites comment on these renewals.
Proposal to renew the following
currently approved collections of
information:
1. Title: Prompt Corrective Action.
OMB Number: 3064–0115.
Form Number: None.
Affected Public: State non-member
banks and savings associations.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Type of
burden Obligation to
respond
Estimated
number of
respondents
Estimated
frequency of
responses
Estimated
time per
response
Frequency
of response
Total annual
estimated
burden
(hours)
Prompt Corrective Ac-
tion (12 CFR parts
303, 324, and 390).
Reporting ....... Voluntary ........ 17 1 4 On occasion ... 68
Total Hourly Bur-
den.
........................ ........................ ........................ ........................ ........................ ........................ 68
General Description of Collection: The
Prompt Corrective Action (PCA)
provisions of section 38 of the Federal
Deposit Insurance Act require or permit
the FDIC and other federal banking
agencies to take certain supervisory
actions when FDIC-insured institutions
fall within certain capital categories.
They also restrict or prohibit certain
activities and require the submission of
a capital restoration plan when an
insured institution becomes
undercapitalized. Various provisions of
the statute and the FDIC’s implementing
regulations require the prior approval of
the FDIC before an FDIC-supervised
institution, or certain insured
depository institutions, can engage in
certain activities, or allow the FDIC to
make exceptions to restrictions that
would otherwise be imposed. This
collection of information consists of the
applications that are required to obtain
the FDIC’s prior approval to engage in
these activities.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is the result
of economic fluctuation. In particular,
the number of respondents has
decreased while the hours per response
and frequency of responses have
remained the same.
2. Title: Liquidity Coverage Ratio:
Liquidity Risk Measurement, Standards,
and Monitoring (LCR).
OMB Number: 3064–0197.
Form Number: None.
Affected Public: State savings
associations and State nonmember
banks that (i) have total consolidated
assets equal to $250 billion or more; (ii)
have total consolidated on-balance sheet
foreign exposure equal to $10 billion or
more; or (iii) have total consolidated
assets equal to $10 billion or more and
are a consolidated subsidiary of one of
the following: (A) A covered depository
institution holding company or
depository institution that has total
assets equal to $250 billion or more; (B)
a covered depository institution holding
company or depository institution that
has total consolidated on-balance sheet
foreign exposure equal to $10 billion or
more; or (C) a company that has been
designated by the Financial Stability
Oversight Council for supervision by the
Board of Governors of the Federal
Reserve System.
Burden Estimate:
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sradovich on DSK3GMQ082PROD with NOTICES
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB Nos. 3064–0115 and 3064–0197]
Agency Information Collection
Activities: Submission for OMB
Review; 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 the existing
information collections, as required by
the Paperwork Reduction Act of 1995.
On December 29, 2017, the FDIC
requested comment for 60 days on a
proposal to renew the information
collections described below. One
comment was received for each
information collection described below.
Each was generally supportive of the
requirements set forth in the respective
rules but did not address the paperwork
burden for the information collections.
The FDIC hereby gives notice of its plan
to submit to OMB a request to approve
the renewal of these collections, and
again invites comment on these
renewals.
DATES: Comments must be submitted on
or before May 21, 2018.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• Agency website: https://
www.FDIC.gov/regulations/laws/federal.
Follow instructions for submitting
comments on the Agency website.
• 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,
Counsel, MB–3105, 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:
Jennifer Jones, 202–898–6768,
jennjones@FDIC.gov, Counsel, MB–
3105, Federal Deposit Insurance
Corporation, 550 17th Street NW,
Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On
December 29, 2017, the FDIC requested
comment for 60 days on a proposal to
renew the information collections
described below. One comment was
received for each information collection
described below. Each was generally
supportive of the requirements set forth
in the respective rules but did not
address the paperwork burden for the
information collections. The FDIC
hereby gives notice of its plan to submit
to OMB a request to approve the
renewal of these collections, and again
invites comment on these renewals.
Proposal to renew the following
currently approved collections of
information:
1. Title: Prompt Corrective Action.
OMB Number: 3064–0115.
Form Number: None.
Affected Public: State non-member
banks and savings associations.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Type of
burden Obligation to
respond
Estimated
number of
respondents
Estimated
frequency of
responses
Estimated
time per
response
Frequency
of response
Total annual
estimated
burden
(hours)
Prompt Corrective Ac-
tion (12 CFR parts
303, 324, and 390).
Reporting ....... Voluntary ........ 17 1 4 On occasion ... 68
Total Hourly Bur-
den.
........................ ........................ ........................ ........................ ........................ ........................ 68
General Description of Collection: The
Prompt Corrective Action (PCA)
provisions of section 38 of the Federal
Deposit Insurance Act require or permit
the FDIC and other federal banking
agencies to take certain supervisory
actions when FDIC-insured institutions
fall within certain capital categories.
They also restrict or prohibit certain
activities and require the submission of
a capital restoration plan when an
insured institution becomes
undercapitalized. Various provisions of
the statute and the FDIC’s implementing
regulations require the prior approval of
the FDIC before an FDIC-supervised
institution, or certain insured
depository institutions, can engage in
certain activities, or allow the FDIC to
make exceptions to restrictions that
would otherwise be imposed. This
collection of information consists of the
applications that are required to obtain
the FDIC’s prior approval to engage in
these activities.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is the result
of economic fluctuation. In particular,
the number of respondents has
decreased while the hours per response
and frequency of responses have
remained the same.
2. Title: Liquidity Coverage Ratio:
Liquidity Risk Measurement, Standards,
and Monitoring (LCR).
OMB Number: 3064–0197.
Form Number: None.
Affected Public: State savings
associations and State nonmember
banks that (i) have total consolidated
assets equal to $250 billion or more; (ii)
have total consolidated on-balance sheet
foreign exposure equal to $10 billion or
more; or (iii) have total consolidated
assets equal to $10 billion or more and
are a consolidated subsidiary of one of
the following: (A) A covered depository
institution holding company or
depository institution that has total
assets equal to $250 billion or more; (B)
a covered depository institution holding
company or depository institution that
has total consolidated on-balance sheet
foreign exposure equal to $10 billion or
more; or (C) a company that has been
designated by the Financial Stability
Oversight Council for supervision by the
Board of Governors of the Federal
Reserve System.
Burden Estimate:
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sradovich on DSK3GMQ082PROD with NOTICES
12394 Federal Register / Vol. 83, No. 55 / Wednesday, March 21, 2018 / Notices
SUMMARY OF ANNUAL BURDEN
Type of
burden Obligation to
respond
Estimated
number of
respondents
Estimated
frequency
of responses
Estimated time
per response Frequency of
response
Total annual
estimated
burden
(hours)
Liquidity Coverage
Ratio (LCR)—12
CFR 329.40(a), (b).
Reporting ....... Mandatory.
§ 329.40(a) Notifi-
cation that li-
quidity coverage
ratio is less than
minimum in
§ 329.10.
Reporting ....... Mandatory ...... 2 12 0.25 On Occasion .. 6
§ 329.40(b) Notifi-
cation that li-
quidity coverage
ratio is less than
minimum in
§ 329.10 for 3
consecutive
days or other-
wise noncompli-
ant.
Reporting ....... Mandatory ...... 2 1 0.25 On Occasion .. 0.50
§ 329.40(b) Plan
for achieving
compliance.
Recordkeeping Mandatory ...... 2 1 100.00 On Occasion .. 200
§ 329.40(b)(4)
Weekly report of
progress toward
achieving com-
pliance.
Reporting ....... Mandatory ...... 2 4 0.25 On Occasion .. 2
Liquidity Coverage
Ratio (LCR)—12
CFR 329.22(a)(2),
(5).
Recordkeeping Mandatory.
§ 329.22(a)(2) Poli-
cies that require
eligible HQLA to
be under control
of liquidity risk
management
function.
Recordkeeping Mandatory ...... 2 1 10.00 On Occasion .. 20
§ 329.22(a)(5)
Documented
methodology
providing con-
sistent treatment
for determining
whether eligible
HQLA meets
operational re-
quirements.
Recordkeeping Mandatory ...... 2 1 10.00 On Occasion .. 20
Total Hourly
Burden.
........................ ........................ ........................ ........................ ........................ ........................ 248.50
General Description of Collection: The
LCR rule implements a quantitative
liquidity requirement and contains
requirements subject to the PRA. The
reporting and recordkeeping
requirements are found in Sections
329.22 and 329.40. The requirement is
designed to promote the short-term
resilience of the liquidity risk profile of
large and internationally active banking
organizations, thereby improving the
banking sector’s ability to absorb shocks
arising from financial and economic
stress, and to further improve the
measurement and management of
liquidity risk. The LCR rule establishes
a quantitative minimum liquidity
coverage ratio that requires a company
subject to the rule to maintain an
amount of high-quality liquid assets (the
numerator of the ratio) that is no less
than 100 percent of its total net cash
outflows over a prospective 30 calendar-
day period (the denominator of the
ratio).
The FDIC has reviewed its previous
PRA submission and has updated its
methodology for calculating the burden
in order to be consistent with the Office
of the Comptroller of the Currency and
the Board of Governors of the Federal
Reserve System. The overall increase in
burden hours is the result of these
changes.
Request for Comment
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)
VerDate Sep<11>2014 18:34 Mar 20, 2018 Jkt 244001 PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 E:\FR\FM\21MRN1.SGM 21MRN1
sradovich on DSK3GMQ082PROD with NOTICES
SUMMARY OF ANNUAL BURDEN
Type of
burden Obligation to
respond
Estimated
number of
respondents
Estimated
frequency
of responses
Estimated time
per response Frequency of
response
Total annual
estimated
burden
(hours)
Liquidity Coverage
Ratio (LCR)—12
CFR 329.40(a), (b).
Reporting ....... Mandatory.
§ 329.40(a) Notifi-
cation that li-
quidity coverage
ratio is less than
minimum in
§ 329.10.
Reporting ....... Mandatory ...... 2 12 0.25 On Occasion .. 6
§ 329.40(b) Notifi-
cation that li-
quidity coverage
ratio is less than
minimum in
§ 329.10 for 3
consecutive
days or other-
wise noncompli-
ant.
Reporting ....... Mandatory ...... 2 1 0.25 On Occasion .. 0.50
§ 329.40(b) Plan
for achieving
compliance.
Recordkeeping Mandatory ...... 2 1 100.00 On Occasion .. 200
§ 329.40(b)(4)
Weekly report of
progress toward
achieving com-
pliance.
Reporting ....... Mandatory ...... 2 4 0.25 On Occasion .. 2
Liquidity Coverage
Ratio (LCR)—12
CFR 329.22(a)(2),
(5).
Recordkeeping Mandatory.
§ 329.22(a)(2) Poli-
cies that require
eligible HQLA to
be under control
of liquidity risk
management
function.
Recordkeeping Mandatory ...... 2 1 10.00 On Occasion .. 20
§ 329.22(a)(5)
Documented
methodology
providing con-
sistent treatment
for determining
whether eligible
HQLA meets
operational re-
quirements.
Recordkeeping Mandatory ...... 2 1 10.00 On Occasion .. 20
Total Hourly
Burden.
........................ ........................ ........................ ........................ ........................ ........................ 248.50
General Description of Collection: The
LCR rule implements a quantitative
liquidity requirement and contains
requirements subject to the PRA. The
reporting and recordkeeping
requirements are found in Sections
329.22 and 329.40. The requirement is
designed to promote the short-term
resilience of the liquidity risk profile of
large and internationally active banking
organizations, thereby improving the
banking sector’s ability to absorb shocks
arising from financial and economic
stress, and to further improve the
measurement and management of
liquidity risk. The LCR rule establishes
a quantitative minimum liquidity
coverage ratio that requires a company
subject to the rule to maintain an
amount of high-quality liquid assets (the
numerator of the ratio) that is no less
than 100 percent of its total net cash
outflows over a prospective 30 calendar-
day period (the denominator of the
ratio).
The FDIC has reviewed its previous
PRA submission and has updated its
methodology for calculating the burden
in order to be consistent with the Office
of the Comptroller of the Currency and
the Board of Governors of the Federal
Reserve System. The overall increase in
burden hours is the result of these
changes.
Request for Comment
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)
VerDate Sep<11>2014 18:34 Mar 20, 2018 Jkt 244001 PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 E:\FR\FM\21MRN1.SGM 21MRN1
sradovich on DSK3GMQ082PROD with NOTICES