30-day Federal Register Notice

2013-26285.pdf

Treatment by the FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution in Connection With a Securitization or Participation After September 30, 2010.

30-day Federal Register Notice

OMB: 3064-0177

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Federal Register / Vol. 78, No. 213 / Monday, November 4, 2013 / Notices

Federal Communications Commission.
Joel Kaufman,
Associate General Counsel.
[FR Doc. 2013–26256 Filed 11–1–13; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request Re:
Treatment by FDIC as Conservator or
Receiver of Financial Assets
Transferred by an Insured Depository
Institution in Connection With a
Securitization or Participation After
September 30, 2010
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

In accordance with the
requirements of the Paperwork
Reduction Act (PRA) of 1995 (44 U.S.C.
chapter 35), the FDIC may not conduct
or sponsor, and the respondent is not
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number. As part of its
continuing effort to reduce paperwork
and respondent burden, the FDIC
invites the general public and other
Federal agencies to take this
opportunity to comment on renewal of
an existing information collection, as
required by the PRA. On August 27,
2013 (78 FR 52914), the FDIC requested
comment for 60 days on renewal of its
information collection entitled
Treatment by FDIC as Conservator or
Receiver of Financial Assets Transferred
by an Insured Depository Institution in
Connection With a Securitization or
Participation After September 30, 2010,
which is currently approved under
OMB Control No. 3064–0177. No
comments were received on the
proposal. The FDIC hereby gives notice
of submission to OMB of its request to
renew, without change, the collection.
DATES: Comments must be submitted on
or before December 4, 2013.
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 of the collection in the subject
line of the message.
• Mail: Leneta G. Gregorie (202–898–
3719), Counsel, Room NYA–5050,
Federal Deposit Insurance Corporation,

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SUMMARY:

VerDate Mar<15>2010

17:07 Nov 01, 2013

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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:
Leneta Gregorie, at the FDIC address
above.
Proposal
to renew the following currently
approved collections of information:
Title: Treatment by the FDIC as
Conservator or Receiver of Financial
Assets Transferred by an Insured
Depository Institution in Connection
With a Securitization or Participation
After September 30, 2010.
OMB Number: 3064–0177.
Annual Frequency of Response: 10K
Annual Report, Non-Reg AB
Compliant—once; 10K Annual Report,
Reg AB Compliant—once; 8K Disclosure
Form, Non-Reg AB Compliant—twice;
8K Disclosure Form, Reg AB
Compliant—twice; 10D Reports, NonReg AB Compliant—5; 10D Reports, Reg
AB Compliant—5; 12b–25—once.
Affected Public: Insured depository
institutions.
Estimated Number of Respondents:
10K Annual Report, Non-Reg AB
Compliant—50; 10K Annual Report, Reg
AB Compliant—50; 8K Disclosure Form,
Non-Reg AB Compliant—50; 8K
Disclosure Form, Reg AB Compliant—
50; 10D Reports, Non-Reg AB
Compliant—50; 10D Reports, Reg AB
Compliant—50; 12b–25—100.
Estimated Time per Response: 10K
Annual Report, Non-Reg AB
Compliant—27 hours; 10K Annual
Report, Reg AB Compliant—4.5 hours;
8K Disclosure Form, Non-Reg AB
Compliant—2 hours; 8K Disclosure
Form, Reg AB Compliant—2 hours; 10D
Reports, Non-Reg AB Compliant—27
hours; 10D Reports, Reg AB
Compliant—4.5 hours; 12b–25–2.5
hours.
Total Annual Burden: 12,850 hours.
General Description of Collection: To
facilitate better ongoing evaluation of
the quality of lending by banks and to
reduce risks to the Deposit Insurance
Fund from the opaque securitization
structures and the poorly underwritten
loans that led to the onset of the recent
financial crisis, insured depository

SUPPLEMENTARY INFORMATION:

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institutions must comply with certain
reporting and disclosure requirements
for securitizations as a prerequisite for
the FDIC to grant the exercise of rights
and powers listed in 12 U.S.C.
1821(e)(13)(C) with respect to such
financial assets and, for any
securitization for which transfers of
financial assets were made after
December 31, 2010, to qualify for the
safe harbor provisions of Part 360 of the
FDIC’s Regulations.
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 information collection 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, this 29th day of
October 2013.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2013–26285 Filed 11–1–13; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request Re: Real
Estate Lending Standards
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

In accordance with the
requirements of the Paperwork
Reduction Act (PRA) of 1995 (44 U.S.C.
chapter 35), the FDIC may not conduct
or sponsor, and the respondent is not
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number. As part of its
continuing effort to reduce paperwork
and respondent burden, the FDIC
invites the general public and other
Federal agencies to take this
opportunity to comment on renewal of
its information collection entitled Real
Estate Lending Standards (OMB No.

SUMMARY:

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