1123Federal Register / Vol. 84, No. 22 / Friday, February 1, 2019 / Notices
1 83 FR 59833 (November 23, 2018).
portfolios for two years. Section
324.206(b)(3) requires FDIC-supervised
institutions to have policies and
procedures that describe how they
determine the period of significant
financial stress used to calculate the
institution’s stressed value-at-risk
models and to obtain prior FDIC
approval for any material changes to
these policies and procedures.
Section 324.207(b)(1) details
requirements applicable to a FDIC-
supervised institution when the FDIC-
supervised institution uses internal
models to measure the specific risk of
certain covered positions. Section
324.208 requires FDIC-supervised
institutions to obtain prior written FDIC
approval for incremental risk modeling.
Section 324.209(a) requires prior FDIC
approval for the use of a comprehensive
risk measure. Section 324.209(c)(2)
requires FDIC-supervised institutions to
retain and report the results of
supervisory stress testing. Section
324.210(f)(2)(i) requires FDIC-
supervised institutions to document an
internal analysis of the risk
characteristics of each securitization
position in order to demonstrate an
understanding of the position. Section
324.212 requires quarterly quantitative
disclosures, annual qualitative
disclosures, and a formal disclosure
policy approved by the board of
directors that addresses the approach for
determining the market risk disclosures
it makes.
The annual burden for this
information collection is estimated to be
5,228 hours. This represents an increase
of 1,300 hours from the current burden
estimate of 3,928 hours. This increase is
not due to any new requirements
imposed by the FDIC. Rather, it is due
to FDIC’s reassessment of the number of
respondents as well as the frequency of
responses per respondent per year.
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 January 28,
2019.
Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019–00558 Filed 1–31–19; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0117; –0145; and –0152]
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
obligations under the Paperwork
Reduction Act of 1995, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collections described below
(control Numbers 3064–0117; 3064–
0145; and 3064–0152). On November
23, 2018, the FDIC requested comment
for 60 days on a proposal to renew these
information collections. No comments
were received. 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 their renewal.
DATES: Comments must be submitted on
or before March 4, 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: 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 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, Counsel, 202–898–3767,
mcabeza@fdic.gov, MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On
November 23, 2018, the FDIC requested
comment for 60 days on a proposal to
renew the information collections
described below.1 No comments were
received. 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: Mutual-to-Stock Conversion
of State Savings Banks.
OMB Number: 3064–0117.
Form Number: None.
Affected Public: Insured state 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
(hours)
Frequency
of response
Total annual
estimated
burden
(hours)
Mutual-to-Stock Con-
version of State Sav-
ings Bank.
Reporting ....... Mandatory ...... 5 1 250 On Occasion .. 1,250
VerDate Sep<11>2014 21:23 Jan 31, 2019 Jkt 247001 PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 E:\FR\FM\01FEN1.SGM 01FEN1
1 83 FR 59833 (November 23, 2018).
portfolios for two years. Section
324.206(b)(3) requires FDIC-supervised
institutions to have policies and
procedures that describe how they
determine the period of significant
financial stress used to calculate the
institution’s stressed value-at-risk
models and to obtain prior FDIC
approval for any material changes to
these policies and procedures.
Section 324.207(b)(1) details
requirements applicable to a FDIC-
supervised institution when the FDIC-
supervised institution uses internal
models to measure the specific risk of
certain covered positions. Section
324.208 requires FDIC-supervised
institutions to obtain prior written FDIC
approval for incremental risk modeling.
Section 324.209(a) requires prior FDIC
approval for the use of a comprehensive
risk measure. Section 324.209(c)(2)
requires FDIC-supervised institutions to
retain and report the results of
supervisory stress testing. Section
324.210(f)(2)(i) requires FDIC-
supervised institutions to document an
internal analysis of the risk
characteristics of each securitization
position in order to demonstrate an
understanding of the position. Section
324.212 requires quarterly quantitative
disclosures, annual qualitative
disclosures, and a formal disclosure
policy approved by the board of
directors that addresses the approach for
determining the market risk disclosures
it makes.
The annual burden for this
information collection is estimated to be
5,228 hours. This represents an increase
of 1,300 hours from the current burden
estimate of 3,928 hours. This increase is
not due to any new requirements
imposed by the FDIC. Rather, it is due
to FDIC’s reassessment of the number of
respondents as well as the frequency of
responses per respondent per year.
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 January 28,
2019.
Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019–00558 Filed 1–31–19; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0117; –0145; and –0152]
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
obligations under the Paperwork
Reduction Act of 1995, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collections described below
(control Numbers 3064–0117; 3064–
0145; and 3064–0152). On November
23, 2018, the FDIC requested comment
for 60 days on a proposal to renew these
information collections. No comments
were received. 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 their renewal.
DATES: Comments must be submitted on
or before March 4, 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: 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 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, Counsel, 202–898–3767,
mcabeza@fdic.gov, MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On
November 23, 2018, the FDIC requested
comment for 60 days on a proposal to
renew the information collections
described below.1 No comments were
received. 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: Mutual-to-Stock Conversion
of State Savings Banks.
OMB Number: 3064–0117.
Form Number: None.
Affected Public: Insured state 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
(hours)
Frequency
of response
Total annual
estimated
burden
(hours)
Mutual-to-Stock Con-
version of State Sav-
ings Bank.
Reporting ....... Mandatory ...... 5 1 250 On Occasion .. 1,250
VerDate Sep<11>2014 21:23 Jan 31, 2019 Jkt 247001 PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 E:\FR\FM\01FEN1.SGM 01FEN1
1124 Federal Register / Vol. 84, No. 22 / Friday, February 1, 2019 / Notices
SUMMARY OF ANNUAL BURDEN—Continued
Type of
burden Obligation
to respond
Estimated
number of
respondents
Estimated
frequency
of responses
Estimated
time per
response
(hours)
Frequency
of response
Total annual
estimated
burden
(hours)
Total Hourly Bur-
den.
........................ ........................ ........................ ........................ ........................ ........................ 1,250
General Description of Collection:
State savings associations must file a
notice of intent to convert to stock form,
and provide the FDIC with copies of
documents filed with state and federal
banking and/or securities regulators in
connection with any proposed mutual-
to-stock conversion.
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: Notice Regarding
Unauthorized Access to Customer
Information.
OMB Number: 3064–0145.
Form Number: None.
Affected Public: Insured state
nonmember banks
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Type of burden Estimated
number of
respondents
Estimated
time per
response
(hours)
Frequency of
response
Total
estimated
annual
burden hours
Implementation (One Time):
Develop Policies and Procedures for
Response Program.
Recordkeeping ..................... 2 24 1 ..................... 48
Ongoing:
Notice Regarding Unauthorized Access
to Customer Information.
Third Party Disclosure ......... 315 36 On Occasion .. 11,340
Total Estimated Annual Burden ...... .............................................. ........................ ........................ ........................ 11,388
General Description of Collection: The
Interagency Guidance on Response
Programs for Unauthorized Access to
Customer Information and Customer
Notice describes the federal banking
agencies’ expectations regarding a
response program, including customer
notification procedures, that a financial
institution should develop and apply
under the circumstances described in
the Guidance to address unauthorized
access to or use of customer information
that could result in substantial harm or
inconvenience to a customer. The
Guidance advises financial institutions
when and how they might: (1) Develop
notices to customers; (2) in certain
circumstances defined in the Guidance,
determine which customers should
receive the notices; and (3) send the
notices to customers.
There is no change in the method or
substance of the information collection.
With respect to the third party
disclosure requirements associated with
providing notices regarding
unauthorized access to customer
information, the FDIC revised its
estimate of the response time from 29
hours per response to 36 hours per
response. The agency also revised its
estimate of the number of annual
respondents from 80 to 315 to reflect
current industry trend data.
3. Title: Identity Theft Red Flags.
OMB Number: 3064–0152.
Form Number: None.
Affected Public: Insured state
nonmember banks.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Type of
burden Obligation to
respond
Estimated
number of
respondents
Estimated
frequency
of responses
Estimated
time per
response
(hours)
Frequency of
response
Total
annual
estimated
burden
(hours)
FACT Act Sections 114
and 315—Establish
policies and Proce-
dures.
Recordkeeping Mandatory ...... 3,575 1 16 On Occasion .. 57,200
FACT Act Section
315—Provide accu-
rate confirmed ad-
dress.
Third-Party
Disclosure.
Mandatory ...... 3,575 1 4 On Occasion .. 14,300
Total Hourly Bur-
den.
........................ ........................ ........................ ........................ ........................ ........................ 71,500
VerDate Sep<11>2014 22:12 Jan 31, 2019 Jkt 247001 PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 E:\FR\FM\01FEN1.SGM 01FEN1
SUMMARY OF ANNUAL BURDEN—Continued
Type of
burden Obligation
to respond
Estimated
number of
respondents
Estimated
frequency
of responses
Estimated
time per
response
(hours)
Frequency
of response
Total annual
estimated
burden
(hours)
Total Hourly Bur-
den.
........................ ........................ ........................ ........................ ........................ ........................ 1,250
General Description of Collection:
State savings associations must file a
notice of intent to convert to stock form,
and provide the FDIC with copies of
documents filed with state and federal
banking and/or securities regulators in
connection with any proposed mutual-
to-stock conversion.
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: Notice Regarding
Unauthorized Access to Customer
Information.
OMB Number: 3064–0145.
Form Number: None.
Affected Public: Insured state
nonmember banks
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Type of burden Estimated
number of
respondents
Estimated
time per
response
(hours)
Frequency of
response
Total
estimated
annual
burden hours
Implementation (One Time):
Develop Policies and Procedures for
Response Program.
Recordkeeping ..................... 2 24 1 ..................... 48
Ongoing:
Notice Regarding Unauthorized Access
to Customer Information.
Third Party Disclosure ......... 315 36 On Occasion .. 11,340
Total Estimated Annual Burden ...... .............................................. ........................ ........................ ........................ 11,388
General Description of Collection: The
Interagency Guidance on Response
Programs for Unauthorized Access to
Customer Information and Customer
Notice describes the federal banking
agencies’ expectations regarding a
response program, including customer
notification procedures, that a financial
institution should develop and apply
under the circumstances described in
the Guidance to address unauthorized
access to or use of customer information
that could result in substantial harm or
inconvenience to a customer. The
Guidance advises financial institutions
when and how they might: (1) Develop
notices to customers; (2) in certain
circumstances defined in the Guidance,
determine which customers should
receive the notices; and (3) send the
notices to customers.
There is no change in the method or
substance of the information collection.
With respect to the third party
disclosure requirements associated with
providing notices regarding
unauthorized access to customer
information, the FDIC revised its
estimate of the response time from 29
hours per response to 36 hours per
response. The agency also revised its
estimate of the number of annual
respondents from 80 to 315 to reflect
current industry trend data.
3. Title: Identity Theft Red Flags.
OMB Number: 3064–0152.
Form Number: None.
Affected Public: Insured state
nonmember banks.
Burden Estimate:
SUMMARY OF ANNUAL BURDEN
Type of
burden Obligation to
respond
Estimated
number of
respondents
Estimated
frequency
of responses
Estimated
time per
response
(hours)
Frequency of
response
Total
annual
estimated
burden
(hours)
FACT Act Sections 114
and 315—Establish
policies and Proce-
dures.
Recordkeeping Mandatory ...... 3,575 1 16 On Occasion .. 57,200
FACT Act Section
315—Provide accu-
rate confirmed ad-
dress.
Third-Party
Disclosure.
Mandatory ...... 3,575 1 4 On Occasion .. 14,300
Total Hourly Bur-
den.
........................ ........................ ........................ ........................ ........................ ........................ 71,500
VerDate Sep<11>2014 22:12 Jan 31, 2019 Jkt 247001 PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 E:\FR\FM\01FEN1.SGM 01FEN1