Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Federal RegisterJun 22, 2023
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0153]
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, invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collection described below (OMB Control No. 3064-0153). The notice of the proposed renewal for this information collection was previously published in the
Federal Register
on March 31, 2023, allowing for a 60-day comment period. No comments were received.
DATES:
Comments must be submitted on or before July 24, 2023.
ADDRESSES:
Interested parties are invited to submit written comments to the FDIC by any of the following methods:
•
Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/.
•
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), Regulatory Counsel, MB-3078, 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 NW building (located on F Street NW), on business days between 7:00 a.m. and 5:00 p.m.
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to
www.reginfo.gov/public/do/PRAMain.
Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
FOR FURTHER INFORMATION CONTACT:
Jennifer Jones, Regulatory Counsel, 202-898-6768,
jennjones@fdic.gov,
MB-3078, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collection of information:
1.
Title:
Regulatory Capital Rules.
OMB Number:
3064-0153.
Forms:
None.
Affected Public:
Insured state nonmember banks and state savings associations.
Burden Estimate:
Estimated Hourly Burden
[3064-0153]
Type of burden
Estimated
number of
respondents
Estimated
time per
response
(hours)
Frequency of
response
Total
annual
estimated
burden
(hours)
BASEL III Advanced Approaches: Recordkeeping, Disclosure, and Reporting
Implementation plan—Section _.121(b): Ongoing
Recordkeeping
1
330.00
On Occasion
330
Documentation of advanced systems—Section _.122(j): Ongoing
Recordkeeping
1
19.00
On Occasion
19
(CCR)—Section _.132(d)(3)(vi): One-time
Recordkeeping
1
80.00
On Occasion
80
(CCR)—Section _.132(d)(3)(viii): One-time
Recordkeeping
1
80.00
On Occasion
80
(CCR)—Section _.132(d)(3)(viii) Ongoing
Recordkeeping
1
10.00
Quarterly
40
(CCR)—Section _.132(d)(3)(ix): One-time
Recordkeeping
1
40.00
On Occasion
40
(CCR)—Section _.132(d)(3)(ix): Ongoing
Recordkeeping
1
40.00
On Occasion
40
(CCR)—Section _.132(d)(3)(x): One-time
Recordkeeping
1
20.00
On Occasion
20
(CCR)—Section _.132(d)(3)(xi): One-time
Recordkeeping
1
40.00
On Occasion
40
(CCR)—Section _.132(d)(3)(xi): Ongoing
Recordkeeping
1
40.00
On Occasion
40
(OC)—Section _.141(b)(3), _.141(c)(1), _.141(c)(2)(i)-(ii), One-time
Recordkeeping
1
39.00
On Occasion
39
(OC)—Section _.141(c)(2)(i)-(ii): Ongoing
Recordkeeping
1
10.00
Quarterly
40
(CCR)—Section _.132(b)(2)(iii)(A): One-time
Reporting
1
80.00
On Occasion
80
(CCR)—Section _.132(b)(2)(iii)(A): Ongoing
Reporting
1
16.00
On Occasion
16
(CCR)—Section _.132(d)(2)(iv): One-time
Reporting
1
80.00
On Occasion
80
(CCR)—Section _.132(d)(2)(iv): Ongoing
Reporting
1
40.00
On Occasion
40
Supervisory approvals—Sections_.121(b)(2), _.121(c),_.122(d)-(g), _.123(a), _.124, _.132(b)(3), _.132(d)(1), _.132(d)(1)(iii), Ongoing
Reporting
1
55.77
On Occasion
56
Section _.153(b): One-time
Reporting
1
1.00
On Occasion
1
Sections _.142 and _.172, Ongoing
Disclosure
1
5.78
On Occasion
6
(CCB and CCYB)—Section _.173, Table 4, (Securitization)—Section _.173, Table 9, (IRR)—Section_.173, Table 12, Ongoing
Disclosure
1
25.00
Quarterly
100
(CCB and CCYB)—Section _.173, Table 4, (Securitization)—Section _.173, Table 9, (IRR)—Section _.173, Table 12, One-time
Disclosure
1
200.00
On Occasion
200
(Capital Structure)—Section_.173, Table 2: Ongoing
Disclosure
1
2.00
Quarterly
8
(Capital Structure)—Section_.173, Table 2: One-time
Disclosure
1
16.00
On Occasion
16
(Capital Adequacy)—Section_.173, Table 3: Ongoing
Disclosure
1
2.00
Quarterly
8
(Capital Adequacy)—Section _.173, Table 3: One-time
Disclosure
1
16.00
On Occasion
16
(CR) —Section_.173, Table 5: Ongoing
Disclosure
1
12.00
Quarterly
48
(CR)—Section _.173, Table 5: One-time
Disclosure
1
96.00
On Occasion
96
(CR) —Section_.173, Table 13: Ongoing
Disclosure
1
5.00
Quarterly
20
Section_.124(a): Ongoing
Disclosure
1
0.50
Quarterly
2
Subtotal: One-time, Recordkeeping, Reporting, and Disclosure
788
Subtotal: Ongoing, Recordkeeping, Disclosure, and Reporting
813
Total Recordkeeping, Disclosure, and Reporting
1,601
Minimum Regulatory Capital Ratios: Recordkeeping and Reporting
(CCR Operational Requirements)—Sections _.3(d) and_.22(h)(2)(iii)(A): One-time
Recordkeeping
3,038
8.00
On Occasion
24,304
Regulatory Capital Adjustments and Deductions—Prior Approval—Sections_.22(c)(5)(i), (c)(6), (d)(2)(i)(C), One-time
Reporting
1
6.00
On Occasion
6
Regulatory Capital Adjustments and Deductions—Prior Approval—Section_.22(h)(2)(iii)(A), One-time
Reporting
3,038
2.00
On Occasion
6,076
Subtotal: One-time Recordkeeping and Reporting
0
Subtotal: Ongoing Recordkeeping and Reporting
30,386
Total Recordkeeping
30,386
Standardized Approach: Recordkeeping, Reporting, and Disclosure
(QCCP)—Section _.35(b)(3)(i)(A): One-time
Recordkeeping
1
2.00
On Occasion
2
(QCCP)—Section _.35(b)(3)(i)(A): Ongoing
Recordkeeping
3,038
2.00
On Occasion
6,076
(CT)—Section _.37(c)(4)(i)(E): One-time
Recordkeeping
1
80.00
On Occasion
80
(CT)—Section _.37(c)(4)(i)(E): Ongoing
Recordkeeping
3,038
16.00
On Occasion
48,608
(SE)—Section _.41(b)(3) and _.41(c)(2)(i), One-time
Recordkeeping
1
40.00
On Occasion
40
(SE)—Section _.41(c)(2)(ii): Ongoing
Recordkeeping
3,038
2.00
On Occasion
6,076
(CT)—Section _.37(c)(4)(i)(E): Ongoing
Reporting
1
1.00
On Occasion
1
(S.E.)—Section _.42(e)(2), (C.R.) Sections_.62(a),(b),& (c), (Q&Q) Sections_.63(a) & (b), One-time
Disclosure
1
226.25
On Occasion
226
(S.E.)—Section _.42(e)(2), (CR) Sections_.62(a),(b),& (c), (Q&Q) Sections_.63(a) & (b) and _.63, Tables: Ongoing
Disclosure
1
131.25
Quarterly
525
Subtotal: One-time, Recordkeeping, Reporting, and Disclosure
348
Subtotal: Ongoing, Recordkeeping, Reporting, and Disclosure
61,286
Total Recordkeeping, Reporting, and Disclosure
61,634
Total Hourly Burden
Total One-Time Burden Hours
1,136
Total Ongoing Burden Hours
92,485
Total Burden Hours
93,621
General Description of Collection:
This collection comprises the recordkeeping, reporting, and disclosure requirements associated with minimum capital requirements and overall capital adequacy standards for insured state nonmember banks, state savings associations, and certain subsidiaries of those entities. The data is used by the FDIC to evaluate capital before approving various applications by insured depository institutions, to evaluate capital as an essential component in determining safety and soundness, and to determine whether an institution is subject to prompt corrective action provisions.
There is no change in the method or substance of the collection. The 26,635-hour decrease in burden hours is a result of economic fluctuation, a decrease in the number of entities subject to the information collection, and efforts to align with the other banking agencies' related information collections.
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.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on June 15, 2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023-13224 Filed 6-21-23; 8:45 am]
BILLING CODE 6714-01-P
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.