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Agency Information Collection Activities: Submission for OMB Review; Comment Request (OMB No. 3064-0153)

As Enacted ( Federal Register) Cited authorities 2 Cited in Related
Vincent
Published date30 October 2020
Citation85 FR 68879
Record Number2020-24074
SectionNotices
CourtFederal Deposit Insurance Corporation
68879
Federal Register / Vol. 85, No. 211 / Friday, October 30, 2020 / Notices
enterprise risk management practices;
and (4) using best practices to protect
against improper payments and to
prevent fraud, waste, and abuse in its
handling of funds. The search
committee was also required to ensure
that the Clearinghouse would adopt
robust privacy and data security best
practices in its operations.
The Commission required the search
committee, in notifying the Commission
of its selection for the Clearinghouse, to:
(a) Fully disclose any actual or potential
organizational or personal conflicts of
interest or any appearance of such
conflicts of interest of the Clearinghouse
or its officers, directors, employees,
and/or contractors; and (b) detail the
salary and benefits associated with each
position.
On July 31, 2020, the search
committee announced that it had
unanimously selected CohnReznick to
serve as the Clearinghouse. The search
committee also included a document
detailing CohnReznick’s qualifications,
expertise, and ability to fulfill the duties
of the Clearinghouse. As directed by the
Commission in the 3.7 GHz Report and
Order, the Bureau issued a public notice
seeking comment on whether
CohnReznick satisfies the criteria
established by the Commission in the
3.7 GHz Report and Order. The
Commission received comments from
Boeing, CohnReznick, and Vertix.
In the 3.7 GHz Report and Order, the
Commission assigned responsibility for
finding, evaluating, and selecting a
qualified Clearinghouse to the search
committee. The Bureau’s role in the
selection process is limited to
determining whether the selected entity
has or has not satisfied the specific
criteria set forth in the 3.7 GHz Report
and Order. The search committee
fulfilled its responsibility when it
unanimously selected CohnReznick to
serve as the Clearinghouse and provided
the Bureau with detailed information
regarding CohnReznick’s qualifications
and compliance with the selection
criteria. Notably, the Search Committee
Letter and attachments clearly
demonstrate that CohnReznick: (1) Is a
neutral and independent entity with no
conflicts of interest; (2) has the requisite
financial, accounting, auditing and
industry expertise necessary to perform
the functions of the Clearinghouse; (3)
will adopt and follow all relevant
industry best practices to facilitate the
transition; and (4) will incorporate
robust privacy and data security best
practices into its operations. After
review of the record, the Bureau finds
that CohnReznick has satisfied the
Clearinghouse selection criteria
described in section 27.1414 of the
Commission’s rules and the 3.7 GHz
Report and Order.
Federal Communications Commission.
Amy Brett,
Associate Division Chief, Competition and
Infrastructure Policy Division, Wireless
Telecommunications Bureau.
[FR Doc. 2020–24189 Filed 10–28–20; 4:15 pm]
BILLING CODE 6712–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (OMB No.
3064–0153)
AGENCY
: Federal Deposit Insurance
Corporation (FDIC).
ACTION
: Notice and request for comment.
SUMMARY
: The FDIC, as part of its
ongoing 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 No. 3064–0153).
On July 28, 2020, the FDIC requested
comment for 60 days on a proposal to
renew the information collections
described below. No comments were
received. The FDIC hereby gives notice
of its plan to submit to the Office of
Management and Budget (OMB) a
request to approve the renewal of this
collection, and again invites comment
on its renewal.
DATES
: Comments will be accepted until
November 30, 2020.
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: comments@fdic.gov. Include
the name and number of the collection
in the subject line of the message.
•Mail: Jennifer Jones (202–898–
6768), 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 building
(located on F Street NW), 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,
jennjones@fdic.gov, MB–3105, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION
: On July
28, 2020, the FDIC requested comment
for 60 days on a proposal to renew the
information collections described
below. No comments were received. The
FDIC hereby gives notice of its plan to
submit to the Office of Management and
Budget (OMB) a request to approve the
renewal of this collection, and again
invites comment on its renewal.
Proposal to renew the following
currently approved collection of
information:
1. Title: Regulatory Capital Rules.
OMB Number: 3064–0153.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:
E
STIMATED
H
OURLY
B
URDEN
Basel III advanced approaches: Recordkeeping,
disclosure, and reporting Type of burden Estimated
number of
respondents
Estimated
time per
response
Frequency of
response
Total
annual
estimated
burden
Implementation plan—Section ll.121(b): Ongoing .......... Recordkeeping ...... 1 330 On Occasion ......... 330
Documentation of advanced systems—Section ll.122(j):
Ongoing. Recordkeeping ...... 1 19 On Occasion ......... 19
Systems maintenance—Sections ll.122(a), ll123(a),
ll.124(a): Ongoing. Recordkeeping ...... 1 27.90 On Occasion ......... 28
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68880
Federal Register / Vol. 85, No. 211 / Friday, October 30, 2020 / Notices
E
STIMATED
H
OURLY
B
URDEN
—Continued
Basel III advanced approaches: Recordkeeping,
disclosure, and reporting Type of burden Estimated
number of
respondents
Estimated
time per
response
Frequency of
response
Total
annual
estimated
burden
Supervisory approvals—Sections ll.122(d)–(h),
ll.132(b)(3), ll.132(d)(1), ll.132(d)(1)(iii): Ongo-
ing.
Recordkeeping ...... 1 16.82 On Occasion ......... 17
Control, oversight and verification of systems—Sections
ll.122 to ll.124: Ongoing. Recordkeeping ...... 1 11.05 On Occasion ......... 11
(CCR)—Section ll.132(b)(2)(iii)(A): One-time .................. Recordkeeping ...... 1 80 On Occasion ......... 80
(CCR)—Section ll.132(b)(2)(iii)(A): Ongoing ................... Recordkeeping ...... 1 16 On Occasion ......... 16
(CCR)—Section ll.132(d)(2)(iv): One-time ...................... Recordkeeping ...... 1 80 On Occasion ......... 80
(CCR)—Section ll.132(d)(2)(iv): Ongoing ....................... Recordkeeping ...... 1 40 On Occasion ......... 40
(CCR)—Section ll.132(d)(3)(vi): One-time ...................... Recordkeeping ...... 1 80 On Occasion ......... 80
(CCR)—Section ll.132(d)(3)(viii): One-time ..................... Recordkeeping ...... 1 80 On Occasion ......... 80
(CCR)—Section ll.132(d)(3)(viii) Ongoing ....................... Recordkeeping ...... 1 10 Quarterly ............... 40
(CCR)—Section ll.132(d)(3)(ix): One-time ...................... Recordkeeping ...... 1 40 On Occasion ......... 40
(CCR)—Section ll.132(d)(3)(ix): Ongoing ....................... Recordkeeping ...... 1 40 On Occasion ......... 40
(CCR)—Section ll.132(d)(3)(x): One-time ....................... Recordkeeping ...... 1 20 On Occasion ......... 20
(CCR)—Section ll.132(d)(3)(xi): One-time ...................... Recordkeeping ...... 1 40 On Occasion ......... 40
(CCR)—Section ll.132(d)(3)(xi): Ongoing ....................... Recordkeeping ...... 1 40 On Occasion ......... 40
(OC)—Section ll.141(b)(3), ll.141(c)(1),
ll.141(c)(2)(i)–(ii), ll.153:: One-time. Recordkeeping ...... 1 40 On Occasion ......... 40
(OC)—Section ll.141(c)(2)(i)–(ii): Ongoing ...................... Recordkeeping ...... 1 10 Quarterly ............... 40
Sections ll.142 and ll.171: Ongoing ........................... Disclosure ............. 1 5.78 On Occasion ......... 6
(CCB and CCYB)—Section ll.173, Table 4
(Securitization)—Section ll.173, Table 9 (IRR)—Sec-
tion ll.173, Table 12: Ongoing.
Disclosure ............. 1 25 Quarterly ............... 100
(CCB and CCYB)—Section ll.173, Table 4
(Securitization)—Section ll.173, Table 9 (IRR)—Sec-
tion ll.173, Table 12: One-time.
Disclosure ............. 1 200 On Occasion ......... 200
(Capital Structure)—Section ll.173, Table 2: Ongoing .... Disclosure ............. 1 2 Quarterly ............... 8
(Capital Structure)—Section ll.173, Table 2: One-time .. Disclosure ............. 1 16 On Occasion ......... 16
(Capital Adequacy)—Section ll.173, Table 3: Ongoing .. Disclosure ............. 1 2 Quarterly ............... 8
(Capital Adequacy)—Section ll.173, Table 3: One-time Disclosure ............. 1 16 On Occasion ......... 16
(CR) —Section ll.173, Table 5: Ongoing ........................ Disclosure ............. 1 12 Quarterly ............... 48
(CR)—Section ll.173, Table 5: One-time ........................ Disclosure ............. 1 96 On Occasion ......... 96
Section ll.304—Opt-In Relief and Related FDIC Ap-
proval: Ongoing. Reporting .............. 7 12 On Occasion ......... 84
Subtotal: One-time Recordkeeping and Disclosure ...... ............................... .................... .................. ............................... 788
Subtotal: Ongoing Recordkeeping, Disclosure, and Re-
porting. ............................... .................... .................. ............................... 875
Total Recordkeeping, Disclosure, and Reporting .. ............................... .................... .................. ............................... 1,663
Minimum regulatory capital ratios: Recordkeeping Type of burden Estimated
number of
respondents
Estimated
time per
response
Frequency of
response
Total
annual
estimated
burden
(CCR Operational Requirements)—Sections ll.3(d) and
ll.22(h)(2)(iii)(A): Ongoing. Recordkeeping ...... 3,270 16 On Occasion ......... 52,320
Subtotal: One-time Recordkeeping ............................... ............................... .................... .................. ............................... 0
Subtotal: Ongoing Recordkeeping ................................. ............................... .................... .................. ............................... 52,320
Total Recordkeeping .............................................. ............................... .................... .................. ............................... 52,320
Standardized approach: Recordkeeping and disclosure Type of
burden
Estimated
number of
respondents
Estimated
time per
response
Frequency of
response
Total
annual
estimated
burden
(QCCP)—Section ll.35(b)(3)(i)(A): One-time ................... Recordkeeping ...... 1 2 On Occasion ......... 2
(QCCP)—Section ll.35(b)(3)(i)(A): Ongoing .................... Recordkeeping ...... 3,270 2 On Occasion ......... 6,540
(CT)—Section ll.37(c)(4)(i)(E): One-time ........................ Recordkeeping ...... 1 80 On Occasion ......... 80
(CT)—Section ll.37(c)(4)(i)(E): Ongoing .......................... Recordkeeping ...... 3,270 16 On Occasion ......... 52,320
(SE)—Section ll.41(b)(3) and ll.41(c)(2)(i): One-time Recordkeeping ...... 1 40 On Occasion ......... 40
(SE)—Section ll.41(c)(2)(ii): Ongoing .............................. Recordkeeping ...... 3,270 2 On Occasion ......... 6,540
(S.E.)—Section ll.42(e)(2), (C.R.) Sections
ll.62(a),(b),& (c), (Q&Q) Sections ll.63(a) & (b):
One-time.
Disclosure ............. 1 226.25 On Occasion ......... 226
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Standardized approach: Recordkeeping and disclosure Type of
burden
Estimated
number of
respondents
Estimated
time per
response
Frequency of
response
Total
annual
estimated
burden
(S.E.)—Section ll.42(e)(2), (C.R.) Sections
ll.62(a),(b),& (c), (Q&Q) Sections ll.63(a) & (b)
and ll.63 Tables: Ongoing.
Disclosure ............. 1 131.25 Quarterly ............... 525
Subtotal: One-time Recordkeeping and Disclosure ...... ............................... .................... .................. ............................... 348
Subtotal: Ongoing Recordkeeping and Disclosure ....... ............................... .................... .................. ............................... 65,925
Total Recordkeeping and Disclosure ..................... ............................... .................... .................. ............................... 66,273
ESTIMATED COST TO RESPONDENTS ASSOCIATED WITH HOURLY BURDEN
Total One-Time Burden Hours ............................................. ............................... .................... .................. ............................... 1,136
Total Ongoing Burden Hours ................................................ ............................... .................... .................. ............................... 119,120
Total Burden Hours ....................................................... ............................... .................... .................. ............................... 120,256
General Description of Collection:
This collection comprises the disclosure
and recordkeeping 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. In
addition, the Regulatory Capital Rule:
Temporary Exclusion of U.S. Treasury
Securities and Deposits at Federal
Reserve Banks from the Supplementary
Leverage Ratio for Depository
Institutions, 85 FR 32980 (June 1, 2020)
added a new opt-in provision in 12 CFR
324.304 for the temporary exclusion
from the total leverage ratio. The new
opt-in provision accounts for a slight
increase of 84 burden hours.
After factoring in the slight increase
in burden hours as a result of the new
opt-in provision, along with the changes
to the respondent count as a result of
economic fluctuation, the information
collection is reduced overall by 7,800
hours. Outside of the new opt-in
provision, the hours per response and
frequency of responses for the rest of the
information collection 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.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on October 27,
2020.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2020–24074 Filed 10–29–20; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or
To Acquire Companies Engaged in
Permissible Nonbanking Activities
The companies listed in this notice
have given notice under section 10 of
the Home Owners’ Loan Act (12 U.S.C.
1467a) (HOLA) and Regulation LL (12
CFR part 238) to engage de novo, or to
acquire or control voting securities or
assets of a company, including the
companies listed below, that engages
either directly or through a subsidiary or
other company, in a nonbanking activity
that is listed in § 238.53 of Regulation
LL (12 CFR 238.53). Unless otherwise
noted, these activities will be conducted
throughout the United States.
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on
whether the proposed transaction
complies with the standards
enumerated in section 10(c)(4)(B) of the
HOLA (12 U.S.C. 1467a(c)(4)(B)).
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than November 16, 2020.
A. Federal Reserve Bank of St. Louis
(David L. Hubbard, Senior Manager)
P.O. Box 442, St. Louis, Missouri
63166–2034. Comments can also be sent
electronically to
Comments.applications@stls.frb.org:
1. BancKentucky, Inc., Murray,
Kentucky; to engage de novo in the
acquisition of improved real estate for
remodeling, rehabilitation,
modernization, renovation, or
demolition and rebuilding for sale or for
rental and maintenance and
management of improved real estate
pursuant to sections 238.53(b)(7) and
(b)(8) of Regulation LL.
Board of Governors of the Federal Reserve
System, October 27, 2020.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2020–24096 Filed 10–29–20; 8:45 am]
BILLING CODE 6210–01–P
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