1121Federal Register / Vol. 84, No. 22 / Friday, February 1, 2019 / Notices
SUMMARY OF ANNUAL BURDEN
Type of
burden Obligation
to respond
Estimated
number of
respondents
Estimated
frequency of
responses
Estimated
time per
response
Fre-
quency
of re-
sponse
Total
annual
estimated
burden
(hours)
Financial Institution Policies
and Procedures for Ensur-
ing Employee-Mortgage
Loan Originator Compli-
ance With S.A.F.E. Act Re-
quirements.
Recordkeeping ...................... Mandatory .......... 3,575 1 20 hours ............. On Occa-
sion.
71,500
Financial Institution Proce-
dures to Track and Monitor
Compliance with S.A.F.E.
Act Compliance.
Recordkeeping ...................... Mandatory .......... 3,575 1 60 hours ............. On Occa-
sion.
214,500
Financial Institution Proce-
dures for the Collection and
Maintenance of Employee
Mortgage Loan Originator’s
Criminal History Back-
ground Reports.
Recordkeeping ...................... Mandatory .......... 3,575 1 20 hours ............. On Occa-
sion.
71,500
Financial Institution Proce-
dures for Public Disclosure
of Mortgage Loan Origina-
tor’s Unique Identifier.
Third Party Disclosure .......... Mandatory .......... 3,575 1 25 hours ............. On Occa-
sion.
89,375
Financial Institution Informa-
tion Reporting to Registry.
Reporting .............................. Mandatory .......... 3,575 1 15 minutes ......... On Occa-
sion.
893.75
Mortgage Loan Originator Ini-
tial and Annual Renewal
Registration Reporting and
Authorization Requirements.
Reporting .............................. Mandatory .......... 88,646 1 15 minutes ......... On Occa-
sion.
22,161.50
Mortgage Loan Originator
Registration Updates Upon
Change in Circumstances.
Reporting .............................. Mandatory .......... 38,118 1 15 minutes ......... On Occa-
sion.
9,529.50
Financial Institution Proce-
dures for the Collection of
Employee Mortgage Loan
Originator’s Fingerprints.
Recordkeeping ...................... Mandatory .......... 3,575 1 4 hours ............... On Occa-
sion.
14,300
Mortgage Loan Originator
Procedures for Disclosure
to Consumers of Unique
Identifier.
Third Party Disclosure .......... Mandatory .......... 88,646 1 1 hour ................. On Occa-
sion.
88,646
Total Hourly Burden ....... ............................................... ............................ ........................ ........................ ............................ ............... 582,405.75
General Description of Collection
This information collection
implements the Secure and Fair
Enforcement for Mortgage Licensing Act
of 2008 (SAFE Act) requirement that
employees of Federally-regulated
institutions who engage in the business
of a mortgage loan originator to register
with the Nationwide Mortgage
Licensing System and Registry and
establishes national licensing and
registration requirements. It also directs
Federally-regulated institutions to have
written policies and procedures in place
to ensure that their employees who
perform mortgage loan originations
comply with the registration and other
SAFE Act requirements.
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.
Dated at Washington, DC, on January 28,
2019.
Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019–00561 Filed 1–31–19; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request (OMB No.
3064–0178)
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 collection described below
(3064–0178).
DATES: Comments must be submitted on
or before April 2, 2019.
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: 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, Counsel, 202–898–6768,
jennjones@fdic.gov, MB–3105, Federal
VerDate Sep<11>2014 21:23 Jan 31, 2019 Jkt 247001 PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 E:\FR\FM\01FEN1.SGM 01FEN1
SUMMARY OF ANNUAL BURDEN
Type of
burden Obligation
to respond
Estimated
number of
respondents
Estimated
frequency of
responses
Estimated
time per
response
Fre-
quency
of re-
sponse
Total
annual
estimated
burden
(hours)
Financial Institution Policies
and Procedures for Ensur-
ing Employee-Mortgage
Loan Originator Compli-
ance With S.A.F.E. Act Re-
quirements.
Recordkeeping ...................... Mandatory .......... 3,575 1 20 hours ............. On Occa-
sion.
71,500
Financial Institution Proce-
dures to Track and Monitor
Compliance with S.A.F.E.
Act Compliance.
Recordkeeping ...................... Mandatory .......... 3,575 1 60 hours ............. On Occa-
sion.
214,500
Financial Institution Proce-
dures for the Collection and
Maintenance of Employee
Mortgage Loan Originator’s
Criminal History Back-
ground Reports.
Recordkeeping ...................... Mandatory .......... 3,575 1 20 hours ............. On Occa-
sion.
71,500
Financial Institution Proce-
dures for Public Disclosure
of Mortgage Loan Origina-
tor’s Unique Identifier.
Third Party Disclosure .......... Mandatory .......... 3,575 1 25 hours ............. On Occa-
sion.
89,375
Financial Institution Informa-
tion Reporting to Registry.
Reporting .............................. Mandatory .......... 3,575 1 15 minutes ......... On Occa-
sion.
893.75
Mortgage Loan Originator Ini-
tial and Annual Renewal
Registration Reporting and
Authorization Requirements.
Reporting .............................. Mandatory .......... 88,646 1 15 minutes ......... On Occa-
sion.
22,161.50
Mortgage Loan Originator
Registration Updates Upon
Change in Circumstances.
Reporting .............................. Mandatory .......... 38,118 1 15 minutes ......... On Occa-
sion.
9,529.50
Financial Institution Proce-
dures for the Collection of
Employee Mortgage Loan
Originator’s Fingerprints.
Recordkeeping ...................... Mandatory .......... 3,575 1 4 hours ............... On Occa-
sion.
14,300
Mortgage Loan Originator
Procedures for Disclosure
to Consumers of Unique
Identifier.
Third Party Disclosure .......... Mandatory .......... 88,646 1 1 hour ................. On Occa-
sion.
88,646
Total Hourly Burden ....... ............................................... ............................ ........................ ........................ ............................ ............... 582,405.75
General Description of Collection
This information collection
implements the Secure and Fair
Enforcement for Mortgage Licensing Act
of 2008 (SAFE Act) requirement that
employees of Federally-regulated
institutions who engage in the business
of a mortgage loan originator to register
with the Nationwide Mortgage
Licensing System and Registry and
establishes national licensing and
registration requirements. It also directs
Federally-regulated institutions to have
written policies and procedures in place
to ensure that their employees who
perform mortgage loan originations
comply with the registration and other
SAFE Act requirements.
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.
Dated at Washington, DC, on January 28,
2019.
Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019–00561 Filed 1–31–19; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request (OMB No.
3064–0178)
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 collection described below
(3064–0178).
DATES: Comments must be submitted on
or before April 2, 2019.
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: 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, Counsel, 202–898–6768,
jennjones@fdic.gov, MB–3105, Federal
VerDate Sep<11>2014 21:23 Jan 31, 2019 Jkt 247001 PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 E:\FR\FM\01FEN1.SGM 01FEN1
1122 Federal Register / Vol. 84, No. 22 / Friday, February 1, 2019 / Notices
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currently
approved collection of information:
1. Title: Market Risk Capital
Requirements.
OMB Number: 3064–0178.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate
SUMMARY OF ANNUAL BURDEN
Information collection
(IC) description Type of burden Obligation to respond Estimated
number of re-
spondents
Estimated fre-
quency of re-
sponses
Estimated time
per response Frequency of re-
sponse
Total annual
estimated bur-
den
Identification of trading
positions.
Recordkeeping .......... Mandatory ................. 1 1 40 On Occasion ............. 40
Trading and hedging
strategies.
Recordkeeping .......... Mandatory ................. 1 1 16 On Occasion ............. 16
Active management of
covered positions.
Recordkeeping .......... Mandatory ................. 1 1 16 On Occasion ............. 16
Review of internal
models.
Recordkeeping .......... Mandatory ................. 1 1 16 On Occasion ............. 16
Internal audit report .... Reporting .................. Mandatory ................. 1 1 16 On Occasion ............. 16
Backtesting adjust-
ments to risk-based
capital ratio calcula-
tions.
Recordkeeping .......... Mandatory ................. 1 4 16 On Occasion ............. 64
Demonstrate appro-
priateness of proxies.
Recordkeeping .......... Mandatory ................. 1 1 8 On Occasion ............. 8
Retention of subport-
folio information.
Recordkeeping .......... Mandatory ................. 1 1 24 On Occasion ............. 24
Stressed Var-based
measure quantitative
requirements.
Reporting .................. Mandatory ................. 1 4 40 On Occasion ............. 160
Modeled specific risk .. Reporting .................. Mandatory ................. 1 4 88 On Occasion ............. 352
Incremental risk
model-prior approval.
Reporting .................. Mandatory ................. 1 4 480 On Occasion ............. 1,920
Comprehensive risk
measurement-prior
approval.
Reporting .................. Mandatory ................. 1 4 480 On Occasion ............. 1,920
Requirements of stress
testing.
Recordkeeping .......... Mandatory ................. 1 1 80 On Occasion ............. 80
Securitization positions Recordkeeping .......... Mandatory ................. 1 4 120 On Occasion ............. 480
Quantitative market
risk disclosures.
Third-Party Disclo-
sure.
Mandatory ................. 1 4 8 On Occasion ............. 32
Disclosure policy ......... Recordkeeping .......... Mandatory ................. 1 1 40 On Occasion ............. 40
Quantitative disclo-
sures for each port-
folio of covered
positons.
Third-Party Disclo-
sure.
Mandatory ................. 1 4 8 On Occasion ............. 32
Qualitative disclosures
for each portfolio of
covered positons.
Third-Party Disclo-
sure.
Mandatory ................. 1 1 12 On Occasion ............. 12
Total Hourly Bur-
den.
................................... ................................... ........................ ........................ ........................ ................................... 5,228
General Description of Collection
The FDIC’s market risk capital rules
(12 CFR part 324, subpart F) enhance
risk sensitivity, increase transparency
through enhanced disclosures and
include requirements for the public
disclosure of certain qualitative and
quantitative information about the
market risk of state nonmember banks
and state savings associations (FDIC-
supervised institutions). The market risk
rule applies only if a bank holding
company or bank has aggregated trading
assets and trading liabilities equal to 10
percent or more of quarter-end total
assets or $1 billion or more. Currently,
only one FDIC-regulated entity meets
the criteria of the information collection
requirements that are located at 12 CFR
324.203 through 324.212. The collection
of information is necessary to ensure
capital adequacy appropriate for the
level of market risk.
Section 324.203(a)(1) requires FDIC-
supervised institutions to have clearly
defined policies and procedures for
determining which trading assets and
trading liabilities are trading positions
and specifies the factors a FDIC-
supervised institutions must take into
account in drafting those policies and
procedures. Section 324.203(a)(2)
requires FDIC-supervised institutions to
have clearly defined trading and
hedging strategies for trading positions
that are approved by senior management
and specifies what the strategies must
articulate. Section 324.203(b)(1) requires
FDIC-supervised institutions to have
clearly defined policies and procedures
for actively managing all covered
positions and specifies the minimum
requirements for those policies and
procedures. Sections 324.203(c)(4)
through 324.203(c)(10) require the
annual review of internal models and
specify certain requirements for those
models. Section 324.203(d) requires the
internal audit group of a FDIC-
supervised institution to prepare an
annual report to the board of directors
on the effectiveness of controls
supporting the market risk measurement
systems.
Section 324.204(b) requires FDIC-
supervised institutions to conduct
quarterly backtesting. Section
324.205(a)(5) requires institutions to
demonstrate to the FDIC the
appropriateness of proxies used to
capture risks within value-at-risk
models. Section 324.205(c) requires
institutions to develop, retain, and make
available to the FDIC value-at-risk and
profit and loss information on sub-
VerDate Sep<11>2014 21:23 Jan 31, 2019 Jkt 247001 PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 E:\FR\FM\01FEN1.SGM 01FEN1
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currently
approved collection of information:
1. Title: Market Risk Capital
Requirements.
OMB Number: 3064–0178.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate
SUMMARY OF ANNUAL BURDEN
Information collection
(IC) description Type of burden Obligation to respond Estimated
number of re-
spondents
Estimated fre-
quency of re-
sponses
Estimated time
per response Frequency of re-
sponse
Total annual
estimated bur-
den
Identification of trading
positions.
Recordkeeping .......... Mandatory ................. 1 1 40 On Occasion ............. 40
Trading and hedging
strategies.
Recordkeeping .......... Mandatory ................. 1 1 16 On Occasion ............. 16
Active management of
covered positions.
Recordkeeping .......... Mandatory ................. 1 1 16 On Occasion ............. 16
Review of internal
models.
Recordkeeping .......... Mandatory ................. 1 1 16 On Occasion ............. 16
Internal audit report .... Reporting .................. Mandatory ................. 1 1 16 On Occasion ............. 16
Backtesting adjust-
ments to risk-based
capital ratio calcula-
tions.
Recordkeeping .......... Mandatory ................. 1 4 16 On Occasion ............. 64
Demonstrate appro-
priateness of proxies.
Recordkeeping .......... Mandatory ................. 1 1 8 On Occasion ............. 8
Retention of subport-
folio information.
Recordkeeping .......... Mandatory ................. 1 1 24 On Occasion ............. 24
Stressed Var-based
measure quantitative
requirements.
Reporting .................. Mandatory ................. 1 4 40 On Occasion ............. 160
Modeled specific risk .. Reporting .................. Mandatory ................. 1 4 88 On Occasion ............. 352
Incremental risk
model-prior approval.
Reporting .................. Mandatory ................. 1 4 480 On Occasion ............. 1,920
Comprehensive risk
measurement-prior
approval.
Reporting .................. Mandatory ................. 1 4 480 On Occasion ............. 1,920
Requirements of stress
testing.
Recordkeeping .......... Mandatory ................. 1 1 80 On Occasion ............. 80
Securitization positions Recordkeeping .......... Mandatory ................. 1 4 120 On Occasion ............. 480
Quantitative market
risk disclosures.
Third-Party Disclo-
sure.
Mandatory ................. 1 4 8 On Occasion ............. 32
Disclosure policy ......... Recordkeeping .......... Mandatory ................. 1 1 40 On Occasion ............. 40
Quantitative disclo-
sures for each port-
folio of covered
positons.
Third-Party Disclo-
sure.
Mandatory ................. 1 4 8 On Occasion ............. 32
Qualitative disclosures
for each portfolio of
covered positons.
Third-Party Disclo-
sure.
Mandatory ................. 1 1 12 On Occasion ............. 12
Total Hourly Bur-
den.
................................... ................................... ........................ ........................ ........................ ................................... 5,228
General Description of Collection
The FDIC’s market risk capital rules
(12 CFR part 324, subpart F) enhance
risk sensitivity, increase transparency
through enhanced disclosures and
include requirements for the public
disclosure of certain qualitative and
quantitative information about the
market risk of state nonmember banks
and state savings associations (FDIC-
supervised institutions). The market risk
rule applies only if a bank holding
company or bank has aggregated trading
assets and trading liabilities equal to 10
percent or more of quarter-end total
assets or $1 billion or more. Currently,
only one FDIC-regulated entity meets
the criteria of the information collection
requirements that are located at 12 CFR
324.203 through 324.212. The collection
of information is necessary to ensure
capital adequacy appropriate for the
level of market risk.
Section 324.203(a)(1) requires FDIC-
supervised institutions to have clearly
defined policies and procedures for
determining which trading assets and
trading liabilities are trading positions
and specifies the factors a FDIC-
supervised institutions must take into
account in drafting those policies and
procedures. Section 324.203(a)(2)
requires FDIC-supervised institutions to
have clearly defined trading and
hedging strategies for trading positions
that are approved by senior management
and specifies what the strategies must
articulate. Section 324.203(b)(1) requires
FDIC-supervised institutions to have
clearly defined policies and procedures
for actively managing all covered
positions and specifies the minimum
requirements for those policies and
procedures. Sections 324.203(c)(4)
through 324.203(c)(10) require the
annual review of internal models and
specify certain requirements for those
models. Section 324.203(d) requires the
internal audit group of a FDIC-
supervised institution to prepare an
annual report to the board of directors
on the effectiveness of controls
supporting the market risk measurement
systems.
Section 324.204(b) requires FDIC-
supervised institutions to conduct
quarterly backtesting. Section
324.205(a)(5) requires institutions to
demonstrate to the FDIC the
appropriateness of proxies used to
capture risks within value-at-risk
models. Section 324.205(c) requires
institutions to develop, retain, and make
available to the FDIC value-at-risk and
profit and loss information on sub-
VerDate Sep<11>2014 21:23 Jan 31, 2019 Jkt 247001 PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 E:\FR\FM\01FEN1.SGM 01FEN1