Rules and Regulations. Notice and request for comment

Agency: Federal Deposit Insurance Corporation (FDIC)
Action: Notice and request for comment
Citation: FR Doc. 2020-24074

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.

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: Estimated Hourly Burden 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 __.121(b): Ongoing Recordkeeping 1 330 On Occasion 330 Documentation of advanced systems—Section __.122(j): Ongoing Recordkeeping 1 19 On Occasion 19 Systems maintenance—Sections __.122(a), __123(a), __.124(a): Ongoing Recordkeeping 1 27.90 On Occasion 28 Supervisory approvals—Sections __.122(d)-(h), __.132(b)(3), __.132(d)(1), __.132(d)(1)(iii): Ongoing Recordkeeping 1 16.82 On Occasion 17 Control, oversight and verification of systems—Sections __.122 to __.124: Ongoing Recordkeeping 1 11.05 On Occasion 11 (CCR)—Section __.132(b)(2)(iii)(A): One-time Recordkeeping 1 80 On Occasion 80 (CCR)—Section __.132(b)(2)(iii)(A): Ongoing Recordkeeping 1 16 On Occasion 16 (CCR)—Section __.132(d)(2)(iv): One-time Recordkeeping 1 80 On Occasion 80 (CCR)—Section __.132(d)(2)(iv): Ongoing Recordkeeping 1 40 On Occasion 40 (CCR)—Section __.132(d)(3)(vi): One-time Recordkeeping 1 80 On Occasion 80 (CCR)—Section __.132(d)(3)(viii): One-time Recordkeeping 1 80 On Occasion 80 (CCR)—Section __.132(d)(3)(viii) Ongoing Recordkeeping 1 10 Quarterly 40 (CCR)—Section __.132(d)(3)(ix): One-time Recordkeeping 1 40 On Occasion 40 (CCR)—Section __.132(d)(3)(ix): Ongoing Recordkeeping 1 40 On Occasion 40 (CCR)—Section __.132(d)(3)(x): One-time Recordkeeping 1 20 On Occasion 20 (CCR)—Section __.132(d)(3)(xi): One-time Recordkeeping 1 40 On Occasion 40 (CCR)—Section __.132(d)(3)(xi): Ongoing Recordkeeping 1 40 On Occasion 40 (OC)—Section __.141(b)(3), __.141(c)(1), __.141(c)(2)(i)-(ii), __.153:: One-time Recordkeeping 1 40 On Occasion 40 (OC)—Section __.141(c)(2)(i)-(ii): Ongoing Recordkeeping 1 10 Quarterly 40 Sections __.142 and __.171: 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 Quarterly 100 (CCB and CCYB)—Section __.173, Table 4 (Securitization)—Section __.173, Table 9 (IRR)—Section __.173, Table 12: One-time Disclosure 1 200 On Occasion 200 (Capital Structure)—Section __.173, Table 2: Ongoing Disclosure 1 2 Quarterly 8 (Capital Structure)—Section __.173, Table 2: One-time Disclosure 1 16 On Occasion 16 (Capital Adequacy)—Section __.173, Table 3: Ongoing Disclosure 1 2 Quarterly 8 (Capital Adequacy)—Section __.173, Table 3: One-time Disclosure 1 16 On Occasion 16 (CR) —Section __.173, Table 5: Ongoing Disclosure 1 12 Quarterly 48 (CR)—Section __.173, Table 5: One-time Disclosure 1 96 On Occasion 96 Section __.304—Opt-In Relief and Related FDIC Approval: Ongoing Reporting 7 12 On Occasion 84 Subtotal: One-time Recordkeeping and Disclosure 788 Subtotal: Ongoing Recordkeeping, Disclosure, and Reporting 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 __.3(d) and __.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 __.35(b)(3)(i)(A): One-time Recordkeeping 1 2 On Occasion 2 (QCCP)—Section __.35(b)(3)(i)(A): Ongoing Recordkeeping 3,270 2 On Occasion 6,540 (CT)—Section __.37(c)(4)(i)(E): One-time Recordkeeping 1 80 On Occasion 80 (CT)—Section __.37(c)(4)(i)(E): Ongoing Recordkeeping 3,270 16 On Occasion 52,320 (SE)—Section __.41(b)(3) and __.41(c)(2)(i): One-time Recordkeeping 1 40 On Occasion 40 (SE)—Section __.41(c)(2)(ii): Ongoing Recordkeeping 3,270 2 On Occasion 6,540 (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), (C.R.) 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 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]