60-Day Federal Register Notice

62632

Federal Register / Vol. 78, No. 204 / Tuesday, October 22, 2013 / Notices
ESTIMATED NUMBER OF RESPONDENTS AND BURDEN HOURS—Continued
Hours per
response

FDIC document

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Declaration
Declaration
Declaration
Declaration
Declaration
Declaration
Declaration
Declaration
Declaration
Declaration

Number of
respondents

Burden hours

of Independent Activity for Unincorporated Association, Form 7200/07
for Joint Ownership Deposit, Form 7200/08 ..........................................
for Testamentary Deposit, Form 7200/09 ..............................................
for Defined Contribution Plan, Form 7200/10 ........................................
for IRA/KEOGH Deposit, Form 7200/11 ................................................
for Defined Benefit Plan, Form 7200/12 ................................................
of Custodian Deposit, Form 7200/13 .....................................................
for Health and Welfare Plan, Form 7200/14 ..........................................
for Plan and Trust, Form 7200/15 ..........................................................
for Irrevocable Trust, Form 7200/18 ......................................................

0.50
0.50
0.50
1.0
0.50
1.0
0.50
1.0
0.50
0.50

25
25
1,500
50
50
200
50
200
1,300
200

12.5
12.5
750
50
25
200
25
200
650
100

Subtotal ...............................................................................................................

..............................

5,095

2,875

Additional Burden for Deposit Brokers Only .............................................................
New Forms To Be Added:
Claimant Verification Form, Form 7200/24 ...............................................................
Depositor Interview Form, Form 7200/26 ..................................................................

..............................

211

137

0.50
0.50

700
75

350
37.5

Subtotal ...............................................................................................................

..............................

1,100

570

Total .............................................................................................................

..............................

6,406

3,582

General Description of Collection: The
collection involves forms used by the
FDIC to obtain information from
individual depositors and deposit
brokers necessary to supplement the
records of failed depository institutions
to make determinations regarding
deposit insurance coverage for
depositors of failed institutions. The
information provided allows the FDIC to
identify the actual owners of an account
and each owner’s interest in the
account.
Current Action: The FDIC is
proposing modifications, which may be
considered substantive and material, to
the following forms: 7200/10,
Declaration for Combined Contribution
Plan; 7200/12, Declaration for Defined
Benefit Plan; and 7200/14, Declaration
for Health and Welfare Plan. The
content of the forms was revised to
reflect current deposit insurance rules
and regulations; to focus on the
collection of information required for an
insurance determination; and to
incorporate applicable Code of Federal
Regulations (both FDIC and non-FDIC)
citations. The FDIC also proposes
modifications, which may be considered
non-substantive and nonmaterial, to the
following forms: 7200/04, Declaration
for Government Deposit; 7200/05,
Declaration for Revocable Living Trust;
7200/06, Declaration of Independent
Activity; 7200/07, Declaration of
Independent Activity for
Unincorporated Association; 7200/08,
Declaration of Joint Ownership Deposit;
7200/09, Declaration of Testamentary
Deposit; 7200/11, Declaration of IRA
Keogh Deposit; 7200/13, Declaration of
Custodian Deposit; 7200/15, Declaration

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for Plan and Trust; and 7200/18,
Declaration for Irrevocable Trust.
Finally, the FDIC proposes to add two
new forms: 7200/24, Claimant
Verification Form, 7200/24, and
Depositor Interview Form, 7200/06. The
purpose of the new forms is to facilitate
collection of specific information that
the FDIC will need in calculating
insurance coverage after a bank failure.
Request for Comment

Dated at Washington, DC, this 17th day of
October 2013.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013–24603 Filed 10–21–13; 8:45 am]

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Agency Information Collection
Activities; Proposed Collection
Renewal; Comment Request Re:
Guidance on Sound Incentive
Compensation Practices
Federal Deposit Insurance
Corporation (FDIC).

AGENCY:
ACTION:

Comments are invited on: (a) Whether
these collections of information are
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimate 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.

BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION

Notice and request for comment.

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. The FDIC
hereby gives notice that it is seeking
comment on renewal of its information
collection, entitled Guidance on Sound
Incentive Compensation Practices (OMB
No. 3064–0175). At the end of the
comment period, any comments and
recommendations received will be
analyzed to determine the extent to
which the collections should be
modified prior to submission to OMB
for review and approval.

SUMMARY:

Comments must be submitted on
or before December 23, 2013.

DATES:

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.

ADDRESSES:

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Federal Register / Vol. 78, No. 204 / Tuesday, October 22, 2013 / Notices
• 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,
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: Guidance on Sound Incentive
Compensation Practices.
OMB Number: 3064–0175.
Frequency of Response:
Implementation—once; maintenance—
annual.
Affected Public: Insured state
nonmember banks.
Estimated Number of Respondents:
4890 (20 large banks, 4870 small banks).
Estimated Time per Response:
Implementation—80 hours, small banks
and; 480 hours, large banks;
maintenance—40 hours, all banks.
Total Annual Burden: 594,800 hours
(one-time implementation—399,200
hours; ongoing maintenance—195,600).
General Description of Collection: The
Guidance on Sound Incentive
Compensation Practices helps ensure
that incentive compensation policies at
insured state non-member banks do not
encourage excessive risk-taking and are
consistent with the safety and
soundness of the organization. Under
the Guidance, banks are required to: (i)
Have policies and procedures that
identify and describe the role(s) of the
personnel and units authorized to be
involved in incentive compensation
arrangements, identify the source of
significant risk-related inputs, establish
appropriate controls governing these
inputs to help ensure their integrity, and
identify the individual(s) and unit(s)
whose approval is necessary for the
establishment or modification of
incentive compensation arrangements;
(ii) create and maintain sufficient
documentation to permit an audit of the
organization’s processes for incentive

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SUPPLEMENTARY INFORMATION:

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compensation arrangements; (iii) have
any material exceptions or adjustments
to the incentive compensation
arrangements established for senior
executives approved and documented
by its board of directors; and (iv) have
its board of directors receive and
review, on an annual or more frequent
basis operation of the organization’s
incentive compensation system in
providing risk-taking incentives that are
consistent with the organization’s safety
and soundness.
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 10th day of
October 2013.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013–24533 Filed 10–21–13; 8:45 am]
BILLING CODE P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Designated Reserve Ratio for 2014
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice of Designated Reserve
Ratio for 2014.
AGENCY:

Pursuant to the Federal Deposit
Insurance Act, the Board of Directors of
the Federal Deposit Insurance
Corporation designates that the
Designated Reserve Ratio (DRR) for the
Deposit Insurance Fund shall remain at
2 percent for 2014.1 The Board is
publishing this notice as required by
section 7(b)(3)(A)(i) of the Federal
Deposit Insurance Act (12 U.S.C.
1817(b)(3)(A)(i)).
FOR FURTHER INFORMATION CONTACT:
Munsell St. Clair, Chief, Banking and
1 Section

327.4(g) of the FDIC’s regulations sets
forth the DRR. There is no need to amend this
provision, because the DRR for 2014 is the same as
the current DRR.

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62633

Regulatory Policy Section, Division of
Insurance and Research, (202) 898–
8967; or, Christopher Bellotto, Counsel,
Legal Division, (202) 898–3801.
Dated at Washington, DC, this 8th day of
October 2013.
By order of the Board of Directors.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013–24531 Filed 10–21–13; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies;
Correction
This notice corrects a notice (FR Doc.
2013–24477) published on page 62333
of the issue for Thursday, October 17,
2013.
Under the Federal Reserve Bank of
Minneapolis heading, the entry for
Karen Neidhardt, Tampa, Florida, is
revised to read as follows:
A Federal Reserve Bank of
Minneapolis (Jacqueline G. King,
Community Affairs Officer) 90
Hennepin Avenue, Minneapolis,
Minnesota 55480–0291:
1. Karen Neidhardt, Tampa, Florida,
individually and as trustee, to retain
voting shares and thereby control
Jorgenson Holding Company, Inc., and
thereby indirectly retain voting shares
and control State Bank and Trust of
Kenmare, both in Kenmare, North
Dakota, and The Citizens State Bank at
Mohall, Mohall, North Dakota.
In addition, Ann Lenore Musser
Irrevocable Trust, Kenmare, North
Dakota, Karen Neidhardt and Jane
Neidhardt Farris, co-trustees, and Jane
Ellen Neidhardt Irrevocable Trust, all of
Kenmare, North Dakota, Karen
Neidhardt and Ann N. Musser, cotrustees, to retain voting shares of
Jorgenson Holding Company and
thereby join the Jorgenson family group.
Comments on this application must
be received by October 31. 2013.
Board of Governors of the Federal Reserve
System, October 17, 2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013–24619 Filed 10–21–13; 8:45 am]
BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,

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