Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0093)

 
CONTENT

Federal Register, Volume 83 Issue 226 (Friday, November 23, 2018)

Federal Register Volume 83, Number 226 (Friday, November 23, 2018)

Notices

Pages 59382-59383

From the Federal Register Online via the Government Publishing Office www.gpo.gov

FR Doc No: 2018-25520

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FEDERAL DEPOSIT INSURANCE CORPORATION

Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0093)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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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.

DATES: Comments must be submitted on or before January 22, 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: email protected. 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, email protected, MB-3007, 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: Notices Required of Government Securities Dealers or Brokers.

OMB Number: 3064-0093.

Form Number: G-FIN; G-FINW; G-FIN4 & G-FIN5.

Affected Public: Insured state nonmember banks acting as government securities brokers and dealers.

Burden Estimate:

Summary of Annual Burden

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Estimated Estimated

Information collection Type of burden Obligation to respond number of Estimated frequency of Estimated time per annual burden

description respondents responses response (hours)

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Notice by Financial Reporting.......... Mandatory............ 1 On Occasion............ 1 hour............ 1

Institutions of Government

Securities Broker or

Government Securities Dealer

Activities (G-FIN).

Notice By Financial Reporting.......... Mandatory............ 1 On Occasion............ 15 minutes........ .25

Institutions of Termination of

Activities as a Government

Securities Broker of

Government Securities Dealer

(G-FINW).

Disclosure Form for Person Reporting.......... Mandatory............ 1 On Occasion............ 2 hours........... 2

Associated with a Financial

Institution Securities Broker

or Dealer (G-FIN-4).

Uniform Termination Notice for Reporting.......... Mandatory............ 5 On Occasion............ 2 hours........... 10

Persons Associated With a

Financial Institution

Government Securities Broker

of Dealer (G-FIN-5).

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Total Estimated Annual Burden: 13.25 hours.

General Description of Collection

The Government Securities Act of 1986 requires all financial institutions acting as government securities brokers and dealers to notify their Federal regulatory agencies of their broker-dealer activities, unless exempted from the notice requirements by Treasury Department regulation.

The Form G-FIN and Form G-FINW are used by insured State nonmember banks that are government securities brokers or dealers to notify the FDIC of their status or that they have ceased to function as a government securities broker or dealer.

The Form G-FIN-4 is used by associated persons of insured State nonmember banks that are government securities brokers or dealers to provide certain information to the bank and to the FDIC concerning employment, residence, and statutory disqualification.

The Form G-FIN-5 is used by insured State nonmember banks that are government securities brokers or dealers to notify the FDIC that an associated person is no longer associated with the

Page 59383

government securities broker or dealer function of the bank.

There is no change in the method or substance of the collection. The overall reduction in burden hours (from 17 hours to 13.25 hours) is the result of economic fluctuation. In particular, the number of respondents has decreased from 17 to 8 while the hours per response and frequency of responses have remained the same.

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 November 19, 2018.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

FR Doc. 2018-25520 Filed 11-21-18; 8:45 am

BILLING CODE 6714-01-P