30 Day Federal Register Notice

19716

Federal Register / Vol. 82, No. 81 / Friday, April 28, 2017 / Notices

Station WVOZ, Facility ID 72452, BP–
20170327AAF, From Morovis, PR, To
Aguadilla, PR.
DATES: The agency must receive
comments on or before June 27, 2017.
ADDRESSES: Federal Communications
Commission, 445 Twelfth Street SW.,
Washington, DC 20554.
FOR FURTHER INFORMATION CONTACT:
Tung Bui, 202–418–2700.
SUPPLEMENTARY INFORMATION: The full
text of these applications is available for
inspection and copying during normal
business hours in the Commission’s
Reference Center, 445 12th Street SW.,
Washington, DC 20554 or electronically
via the Media Bureau’s Consolidated
Data Base System, http://
licensing.fcc.gov/prod/cdbs/pubacc/
prod/cdbs_pa.htm.
Federal Communications Commission.
James D. Bradshaw,
Deputy Chief, Audio Division, Media Bureau.
[FR Doc. 2017–08585 Filed 4–27–17; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (3064–0006
& –0184)
Federal Deposit Insurance
Corporation (FDIC).

AGENCY:

ACTION:

The FDIC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of existing
information collections, as required by
the Paperwork Reduction Act of 1995.
On January 11, 2017, 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 OMB a request
to approve the renewal of these
collections, and again invites comment
on this renewal.
DATES: Comments must be submitted on
or before May 30, 2017.
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 and number of the collection
in the subject line of the message.
• Mail: Manny Cabeza (202–898–
3767), Counsel, MB–3007, or Jennifer
Jones (202–898–6768), Counsel, MB–
3105, Federal Deposit Insurance
Corporation, 550 17th Street NW.,
Washington, DC 20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
SUMMARY:

Estimated
number of
respondents

Type of burden

asabaliauskas on DSK3SPTVN1PROD with NOTICES

Reporting .........................................................

General Description of Collection: The
Report is submitted to the FDIC by: (1)
Each individual director, officer or
individual or group of shareholders
acting in concert that will own or
control 10% or more of a proposed or
operating depository institution
applying for FDIC deposit insurance; (2)
a person proposing to acquire control of
an insured state nonmember bank or
state savings association (FDICsupervised institution); (3) each
proposed new director or proposed new
chief executive officer of an FDICsupervised institution which has
undergone a change in control within
the preceding twelve months; and (4)
each proposed new director or senior
executive officer of an FDIC-supervised
institution that is not in compliance
with the applicable capital requirements

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17:38 Apr 27, 2017

Notice and request for comment.

Jkt 241001

Estimated
time per
response

574

Frequency of response
4

On Occasion ..................................................

or is otherwise in a troubled condition.
The information is used by the FDIC to
make an evaluation of the general
character and financial condition of
individuals who will be involved in the
management or control of financial
institutions, as required by statute. In
order to lessen the burden on
applicants, the FDIC cooperates with the
other federal banking agencies to the
maximum extent possible in processing
the various applications. Notably, the
Interagency Biographical and Financial
Report will be amended to remove all
references to the Office of Thrift
Supervision as it appears on the form as
well as changing the term ‘‘thrift’’ to
‘‘savings association.’’ These changes
are technical and non-substantive in
nature.
There is no change in the method or
substance of the collection. The overall

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Frm 00065

Fmt 4703

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 or Jennifer Jones, at the
FDIC address above.
SUPPLEMENTARY INFORMATION: On
January 11, 2017, (82 FR 3315), 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 OMB a request to approve the
renewal of these collections, and again
invites comment on this renewal.
Proposal to renew the following
currently approved collections of
information:
1. Title: Interagency Biographical and
Financial Report.
OMB Number: 3064–0006.
Form Number: Interagency
Biographical and Financial Report.
Affected Public: Insured State
Nonmember Banks and State Savings
Associations.
Burden Estimate:

Sfmt 4703

Total annual
estimated
burden
2,296 hours

reduction in burden hours is a result of
economic fluctuation. In particular, the
number of respondents has decreased
while the hours per response remain the
same.
2. Title: Prohibitions and Restrictions
on Proprietary Trading and Certain
Interests In and Relationships With,
Hedge Funds and Private Equity Funds.
OMB Number: 3064–0184.
Form Number: None.
Affected Public: Insured state
nonmember banks not under a holding
company; state savings associations and
state savings banks not under a holding
company; subsidiaries of state
nonmember banks, state savings
associations, and state savings banks not
under a holding company; and foreign
banks having an insured branch and
their branches and agencies.

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Federal Register / Vol. 82, No. 81 / Friday, April 28, 2017 / Notices

19717

BURDEN ESTIMATE
Estimated
number of
respondents

Type of burden

Total annual
estimated
burden
(hours)

Estimated
time per
response

Frequency
of response

1
........................
1
1
1
1
1
1
1
........................
1
........................
........................

50
........................
3
2
10
795
200
8
100
........................
0.1
........................
........................

1
........................
1
4
1
1
1
1
1
........................
26
........................
........................

50
50
3
8
10
795
200
8
100
1,124
3
3
1,177

18
........................
18
18
18
5
5
819
18
........................
18
........................
........................
........................

20
........................
1
2
10
265
200
8
40
........................
0.1
........................
........................
........................

10
........................
1
4
1
1
1
1
1
........................
26
........................
........................
........................

3,600
3,600
18
144
180
1,325
1,000
6,552
720
9,939
47
47
13,586
14,763

Implementation
§ 351.12(e) ........................................
Total Reporting ..........................
§ 351.3(d)(3) ......................................
§ 351.4(b)(3)(i)(A) ..............................
§ 351.11(a)(2) ....................................
§ 351.20(b) ........................................
§ 351.20(e) ........................................
§ 351.20(f)(1) .....................................
§ 351.20(f)(2) .....................................
Total Recordkeeping ..................
§ 351.11(a)(8)(i) .................................
Total Disclosure .........................
Total Implementation ..........

Reporting ..........................................
...........................................................
Recordkeeping .................................
Recordkeeping .................................
Recordkeeping .................................
Recordkeeping .................................
Recordkeeping .................................
Recordkeeping .................................
Recordkeeping .................................
...........................................................
Disclosure .........................................
...........................................................
...........................................................
Ongoing

§ 351.12(e) ........................................
Total Reporting ..........................
§ 351.3(d)(3) ......................................
§ 351.4(b)(3)(i)(A) ..............................
§ 351.11(a)(2) ....................................
§ 351.20(b) ........................................
§ 351.20(e) ........................................
§ 351.20(f)(1) .....................................
§ 351.20(f)(2) .....................................
Total Recordkeeping ..................
§ 351.11(a)(8)(i) .................................
Total Disclosure .........................
Total Ongoing .....................
Total Estimated Annual
Burden.

Reporting ..........................................
...........................................................
Recordkeeping .................................
Recordkeeping .................................
Recordkeeping .................................
Recordkeeping .................................
Recordkeeping .................................
Recordkeeping .................................
Recordkeeping .................................
...........................................................
Disclosure .........................................
...........................................................
...........................................................
...........................................................

General Description of Collection:
Subject to certain exemptions, banking
entities are generally prohibited from
engaging in proprietary trading or from
investing in, sponsoring, or having
certain relationships with a hedge fund
or private equity fund (‘‘covered fund’’).
The Covered entities must retain certain
records for a period that is no less than
5 years in a form that allows the prompt
production of such records to the FDIC
on request. The information collection
requirements affecting FDIC-supervised
institutions are summarized below.

asabaliauskas on DSK3SPTVN1PROD with NOTICES

Reporting Requirements
Section 351.12(e) states that, upon
application, a banking entity may obtain
an extension of the period of time to
meet the requirements on ownership
limitations in this section for up to 2
additional years.
Recordkeeping Requirements
Section 351.3(d)(3) requires covered
entities to have a detailed written
liquidity management plan that
specifically contemplates and
authorizes certain otherwise prohibited

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17:38 Apr 27, 2017

Jkt 241001

securities to be used for liquidity
management purposes.
Section 351.4(b)(3)(i)(A) provides that
a trading desk or other organizational
unit of another entity with more than
$50 billion in trading assets and
liabilities is not a client, customer, or
counterparty unless the trading desk
documents how and why a particular
trading desk or other organizational unit
of the entity should be treated as a
client, customer, or counterparty of the
trading desk for purposes of § 351.4(b).
Section 351.11(a)(2) requires that
covered funds generally must be
organized and offered only in
connection with the provision of bona
fide trust, fiduciary, investment
advisory, or commodity trading
advisory services and only to persons
that are customers of such services of
the banking entity, pursuant to a written
plan or similar documentation outlining
how the banking entity intends to
provide advisory or other similar
services to its customers through
organizing and offering the covered
fund.
Section 351.20(b) specifies the
contents of a required compliance

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Fmt 4703

Sfmt 4703

program for a banking entity with total
consolidated assets of $10 billion or
more including a provision requiring
that records sufficient to demonstrate
compliance with section 13 of the BHC
Act and applicable regulations be
maintained and retained for a period of
no less than 5 years or such longer
period as required by FDIC.
Section 351.20(e) specifies that any
banking entity that has more than $10
billion in total consolidated assets as
reported on December 31 of the
previous two calendar years shall
maintain records documenting the
determination that each fund sponsored
by the banking entity (including all
subsidiaries and affiliates) is not a
covered fund. Banking entities must
also maintain a written plan
documenting the treatment of certain
seeding vehicles described in the
regulation and, under certain
circumstances, documentation of the
value of the ownership interests owned
by the banking entity in certain foreign
public fund and each jurisdiction in
which any such foreign public fund is
organized.

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19718

Federal Register / Vol. 82, No. 81 / Friday, April 28, 2017 / Notices

Section 351.20(f)(1) applies to
banking entities with no covered
activities. A banking entity that does not
engage in activities or investments
pursuant to subpart B or subpart C
(other than trading activities permitted
pursuant to § 351.6(a) of subpart B) may
satisfy the requirements of this section
by establishing the required compliance
program prior to becoming engaged in
such activities or making such
investments (other than trading
activities permitted pursuant to
§ 351.6(a) of subpart B).
Section 351.20(f)(2) applies to
banking entities with modest activities.
A banking entity with total consolidated
assets of $10 billion or less as reported
on December 31 of the previous two
calendar years may satisfy the
requirements of this section by
including in its existing compliance
policies and procedures appropriate
references to the statutory and
regulatory requirements and
adjustments as appropriate given the
activities, size, scope and complexity of
the banking entity.
Disclosure Requirements
Section 351.11(a)(8)(i) requires that a
banking entity make certain clear and
conspicuous written disclosures to any
prospective and actual investor in a
covered fund (such as through
disclosure in the covered fund’s offering
documents).
There is no change in the method or
substance of this information collection.
The annual burden estimate has been
reduced from 28,234 hours to 17,763
hours primarily because the FDIC
estimates that all FDIC-supervised
institutions have now completed the
implementation phase of the
information collection and are no longer
subject to that burden. FDIC is using one
(1) respondent as a place-holder for
implementation burden. Another reason
for the reduction in burden is that fewer
institutions are subject to reporting,
recordkeeping and disclosure
requirements. The foregoing reductions
in burden more than offset a modest
increase in burden attributable to: (i)

Request for Comment
Comments are invited on: (a) Whether
the 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 estimates of the
burden of the information collections,
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 collections 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, this 24th day of
April 2017.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017–08604 Filed 4–27–17; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewals; Comment Request (3064–
0099; –0118; –0148 and –0153)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The FDIC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal

SUMMARY:

Estimated
number of
respondents

Type of burden
asabaliauskas on DSK3SPTVN1PROD with NOTICES

One additional institution growing in
size to a degree that now makes it
subject to 12 CFR 351.20(b) and (e)
recordkeeping requirements; and (ii) an
agency adjustment in its estimate of
respondents affected by the
recordkeeping requirements in 12 CFR
351.20(f)(1) due to the inadvertent
omission of a class of respondents in its
prior estimate.

Reporting .........................................................

General Description of Collection:
Section 29 of the Federal Deposit
Insurance Act prohibits
undercapitalized insured depository
institutions from accepting, renewing,

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17:38 Apr 27, 2017

Jkt 241001

Estimated time
per response
(hours)

30

6

Frequency of response

On Occasion ..................................................

or rolling over any brokered deposits.
Adequately capitalized institutions may
do so with a waiver from the FDIC,
while well-capitalized institutions may
accept, renew, or roll over brokered

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Fmt 4703

Sfmt 4703

agencies to take this opportunity to
comment on the renewal of existing
information collections, as required by
the Paperwork Reduction Act of 1995
(44 U.S.C. chapter 35). Currently, the
FDIC is soliciting comment on renewal
of the information collections described
below.
DATES: Comments must be submitted on
or before June 27, 2017.
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 and number of the collection
in the subject line of the message.
• Mail: Manny Cabeza (202–898–
3767). Counsel, MB 3007 or Jennifer
Jones (202–898–6768), Counsel, MB–
3105, 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 or Jennifer Jones, at the
FDIC address noted above.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currently
approved collections of information:
1. Title: Application for Waiver of
Prohibition on Acceptance of Brokered
Deposits.
OMB Number: 3064–0099.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:
Total annual
estimated
burden
(hours)
180

deposits without restriction. This
information collection captures the
burden associated with preparing and
filing an application for a waiver of the

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