[Federal Register Volume 83, Number 152 (Tuesday, August 7, 2018)]
[Notices]
[Pages 38692-38693]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-16846]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request (OMB No. 3064-0151)
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 collection, as required by the Paperwork Reduction
Act of 1995 (OMB No. 3064-0151).
DATES: Comments must be submitted on or before October 9, 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.
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, Counsel, 202-898-6768,
[email protected], MB-3105, 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: Notice Regarding Assessment Credits.
OMB Number: 3064-0151.
Form Number: None.
Affected Public: FDIC-Insured Institutions.
Burden Estimate:
[[Page 38693]]
Summary of Annual Burden
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Total
Estimated Estimated Estimated annual
Type of burden Obligation to number of frequency time per Frequency of estimated
respond respondents of response response burden
responses (hours)
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Notice Regarding Assessment Reporting........... Required to Obtain 2 1 2 On occasion......... 4
Credits. or Retain Benefits.
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Total Hourly Burden........... .................... .................... ........... ........... ........... .................... 4
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General Description of Collection
Section 7(e)(3) of the Federal Deposit Insurance Act (12 U.S.C.
1817(e)(3)) (FDI Act), as amended by the Federal Deposit Insurance
Reform Act of 2005, requires that the FDIC provide by regulation an
initial, one-time assessment credit to each ``eligible'' insured
depository institution (or its successor) based on the assessment base
of the institution as of December 31, 1996, as compared to the combined
aggregate assessment base of all eligible institutions as of that date,
taking into account such other factors as the FDIC Board of Directors
determines to be appropriate. The one-time credits must, with certain
exceptions, be applied by the FDIC to the maximum extent allowed by law
to the assessments imposed on such institution that become due for
assessment periods beginning after the effective date of the one-time
credit regulations until such time as the credit is exhausted. For
assessments that become due for assessment periods beginning in fiscal
years 2008, 2009, and 2010, the FDI Act provides that credits may not
be applied to more than 90 percent of an institution's assessment.
FDIC-insured institutions must notify the FDIC if their one-time
assessment credit is transferred, e.g., through a sale of the credits
or through a merger, so that the FDIC can accurately track such
transfers, apply available credits appropriately against institutions'
deposit insurance assessments, and determine an institution's 1996
assessment base if the transaction involved both the base and the
credit amount. The need for credit transfer information will expire
when the credit pool has been exhausted.
There is no change in the method or substance of the collection and
the burden remains unchanged from the previous Paperwork Reduction Act
submission.
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 August 2, 2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-16846 Filed 8-6-18; 8:45 am]
BILLING CODE 6714-01-P