[Federal Register Volume 82, Number 249 (Friday, December 29, 2017)]
[Notices]
[Pages 61758-61759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-28138]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB Nos. 3064-0115 and 3064-0197]
Agency Information Collection Activities: Proposed Collection
Renewals; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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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 (PRA). Currently, the FDIC is soliciting comment
on renewal of the information collections described below.
DATES: Comments must be submitted on or before February 27, 2018.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
http://www.FDIC.gov/regulations/laws/federal/notices.html.
Email: [email protected]. 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), at the
FDIC address above.
SUPPLEMENTARY INFORMATION:
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
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Estimated Estimated Total annual
Type of burden Obligation to number of frequency of Estimated time Frequency of estimated
respond respondents responses per response response burden
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Prompt Corrective Action (12 Reporting........ Voluntary........ 17 1 4 On Occasion...... 68
CFR parts 303, 324, and 390).
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Total Hourly Burden........ ................. ................. .............. .............. .............. ................. 68
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General Description of Collection: Sec. 38 of the FDI Act requires
or permits the FDIC to take certain supervisory actions when
institutions fall within certain categories. The collection consists of
applications to engage in otherwise restricted activities. 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.
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
[[Page 61759]]
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 Federal
Reserve Board.
Burden Estimate:
Summary of Annual Burden
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Estimated Estimated Total annual
Type of burden Obligation to number of frequency of Estimated time Frequency of estimated
respond respondents responses per response response burden
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Liquidity Coverage Ratio (LCR)-- Reporting........ Mandatory........ .............. .............. .............. ................. ..............
12 CFR 329.40(a), (b).
Sec. 329.40(a) Notification Reporting........ Mandatory........ 2 12 0.25 On Occasion...... 6.00
that liquidity coverage ratio
is less than minimum in Sec.
329.10.
Sec. 329.40(b) Notification Reporting........ Mandatory........ 2 1 0.25 On Occasion...... 0.50
that liquidity coverage ratio
is less than minimum in Sec.
329.10 for 3 consecutive days
or otherwise noncompliant.
Sec. 329.40(b) Plan for Recordkeeping.... Mandatory........ 2 1 100.00 On Occasion...... 200.00
achieving compliance.
Sec. 329.40(b)(4) Weekly Reporting........ Mandatory........ 2 4 0.25 On Occasion...... 2.00
report of progress toward
achieving compliance.
Liquidity Coverage Ratio (LCR)-- Recordkeeping.... Mandatory........ .............. .............. .............. ................. ..............
12 CFR 329.22(a)(2), (5).
Sec. 329.22(a)(2) Policies Recordkeeping.... Mandatory........ 2 1 10.00 On Occasion...... 20.00
that require eligible HQLA to
be under control of liquidity
risk management function.
Sec. 329.22(a)(5) Documented Recordkeeping.... Mandatory........ 2 1 10.00 On Occasion...... 20.00
methodology providing
consistent treatment for
determining whether eligible
HQLA meets operational
requirements.
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Total Hourly Burden........ ................. ................. .............. .............. .............. ................. 248.50
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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 Controller of the Currency and the Federal
Reserve Board. 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) the
accuracy of the estimates of the burden of the information collections,
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 collections 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 December 22, 2017.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017-28138 Filed 12-28-17; 8:45 am]
BILLING CODE 6714-01-P