30-Day Federal Register Notice - 82 FR 10008 (Feb 9 2017)

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Interagency Guidance on Sound Incentive Compensation Policies

30-Day Federal Register Notice - 82 FR 10008 (Feb 9 2017)

OMB: 3064-0175

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10008

Federal Register / Vol. 82, No. 26 / Thursday, February 9, 2017 / Notices
INSTITUTIONS IN LIQUIDATION

FDIC Ref. No.

Bank name

City

10524 ....................................

Seaway Bank and Trust Company .....................................

Chicago .......................

[FR Doc. 2017–02633 Filed 2–8–17; 8:45 am]
BILLING CODE P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice of Termination of the
Receivership of 10206, Key West Bank,
Key West, Florida
The Federal Deposit Insurance
Corporation (‘‘FDIC’’), as Receiver for
10206, Key West Bank, Key West,
Florida (‘‘Receiver’’), has been
authorized to take all actions necessary
to terminate the receivership estate of
Key West Bank (‘‘Receivership Estate’’);
the Receiver has made all dividend
distributions required by law. The
Receiver has further irrevocably
authorized and appointed FDICCorporate as its attorney-in-fact to
execute and file any and all documents
that may be required to be executed by
the Receiver which FDIC-Corporate, in
its sole discretion, deems necessary;
including but not limited to releases,
discharges, satisfactions, endorsements,
assignments and deeds. Effective
February 1, 2017, the Receivership
Estate has been terminated, the Receiver
discharged, and the Receivership Estate
has ceased to exist as a legal entity.
Dated: February 3, 2017.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.

BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION

BILLING CODE 6714–01–P

Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (3064–
0112, –0125, –0127 & –0175)

FEDERAL DEPOSIT INSURANCE
CORPORATION

sradovich on DSK3GMQ082PROD with NOTICES

Notice to All Interested Parties of
Intent To Terminate the Receivership
of 10393, Creekside Bank, Woodstock,
Georgia
Notice is hereby given that the Federal
Deposit Insurance Corporation (‘‘FDIC’’)
as Receiver for Creekside Bank,
Woodstock, Georgia (‘‘the Receiver’’),
intends to terminate its receivership for
said institution. The FDIC was

18:11 Feb 08, 2017

Jkt 241001

Dated: February 3, 2017.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017–02632 Filed 2–8–17; 8:45 am]

[FR Doc. 2017–02627 Filed 2–8–17; 8:45 am]

VerDate Sep<11>2014

appointed receiver of Creekside Bank on
September 2, 2011. The liquidation of
the receivership assets has been
completed. To the extent permitted by
available funds and in accordance with
law, the Receiver will be making a final
dividend payment to proven creditors.
Based upon the foregoing, the
Receiver has determined that the
continued existence of the receivership
will serve no useful purpose.
Consequently, notice is given that the
receivership shall be terminated, to be
effective no sooner than thirty days after
the date of this Notice. If any person
wishes to comment concerning the
termination of the receivership, such
comment must be made in writing and
sent within thirty days of the date of
this Notice to: Federal Deposit
Insurance Corporation, Division of
Resolutions and Receiverships,
Attention: Receivership Oversight
Department 34.6, 1601 Bryan Street,
Dallas, TX 75201.
No comments concerning the
termination of this receivership will be
considered which are not sent within
this time frame.

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
agencies to take this opportunity to
comment on the renewal of existing

SUMMARY:

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State

Date closed

IL

1/27/2017

information collections, as required by
the Paperwork Reduction Act of 1995.
On November 28, 2016, (81 FR 85562),
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 March 13, 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: 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:
Jennifer Jones, at the FDIC address
above.
Proposal
to renew the following currently
approved collections of information:
1. Title: Real Estate Lending
Standards.
OMB Number: 3064–0112.
Form Number: None.
Affected Public: Insured State
Nonmember Banks and State Savings
Associations.
Burden Estimate:

SUPPLEMENTARY INFORMATION:

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10009

Federal Register / Vol. 82, No. 26 / Thursday, February 9, 2017 / Notices
Estimated
number of
respondents

Type of burden

Real Estate Lending Standards.

Recordkeeping ...................

General Description of Collection:
Institutions use real estate lending
policies to guide their lending
operations in a manner that is consistent
with safe and sound banking practices
and appropriate to their size and nature
and scope of their operations. These
policies should address certain lending

3,878

1

considerations, including loan-to-value
limits, loan administration policies,
portfolio diversification standards, and
documentation, approval, and reporting
requirements.
2. Title: Foreign Banking and
Investment by Insured State
Nonmember Banks.
Estimated
number of
respondents

Type of burden

Frequency
of response
20

On Occasion ..

77,560

OMB Number: 3064–0125.
Form Number: None.
Affected Public: Insured State
Nonmember Banks.
Burden Estimate:

Estimated
time per
response
(hours)

Estimated
number of
responses

Total annual
estimated
burden
(hours)

Frequency
of response

Total annual
estimated
burden
(hours)

Notice of foreign branch establishment or foreign
branch closure
(303.182(a) and (d)).
Prior notice (45 days) of foreign branch establishment (303.182(b)).
Application to establish a
foreign branch or to engage in certain activities
through a foreign branch
(303.182(b)).
Notice of foreign investment
(303.183(a)).
Prior notice (45 days) of investment in foreign organizations (303.183(b)).
Application to invest in foreign organizations, or to
engage in certain activities through foreign organizations (303.183(b)).
Notice of foreign divestiture
(303.183(d)).

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

1

1

2

On Occasion ..

2

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

1

1

6

On Occasion ..

6

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

1

1

40

On Occasion ..

40

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

1

1

2

On Occasion ..

2

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

1

1

6

On Occasion ..

6

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

2

1

60

On Occasion ..

120

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

2

1

1 hour

On Occasion ..

2

Total Reporting Burden
Hours.
Supervision and Recordkeeping of Foreign Activities.

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

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

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

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

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

178

Recordkeeping ...................

20

1

400

On Occasion ..

8,000

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

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

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

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

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

8,000

Total Recordkeeping
Burden Hours.

sradovich on DSK3GMQ082PROD with NOTICES

Estimated
time per
response
(hours)

Estimated
number of
responses

General Description of Collection: The
Federal Deposit Insurance (FDI) Act
requires state nonmember banks to
obtain FDIC consent to establish or
operate a branch in a foreign country, or
to acquire and hold, directly or
indirectly, stock or other evidence of

Occasional generic qualitative surveys.

VerDate Sep<11>2014

ownership in any foreign bank or other
entity. The FDI Act also authorizes the
FDIC to impose conditions for such
consent and to issue regulations related
thereto. This collection is a direct
consequence of those statutory
requirements.

3. Title: Occasional Qualitative
Surveys.
OMB Number: 3064–0127.
Form Number: None.
Affected Public: Insured Depository
Institutions and Their Customers.
Burden Estimate:

Type of burden

Estimated
number of
respondents

Estimated
number of
responses

Estimated
time per
response
(hours)

Frequency
of response

Total annual
estimated
burden
(hours)

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

850

15

1

On Occasion ..

12,750

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10010

Federal Register / Vol. 82, No. 26 / Thursday, February 9, 2017 / Notices

General Description of Collection: The
FDIC is requesting renewal of this
approved collection to use occasional
qualitative surveys to gather information
from the public. In general, these
surveys do not involve more than 850
respondents, do not require more than
one hour per respondent, and are
completely voluntary in nature. It is not
contemplated that more than 15 such
surveys will be conducted in any given
year. The purpose of the surveys is, in
general terms, to obtain anecdotal
information about regulatory burden,
problems or successes in the bank
supervisory process (including both

sradovich on DSK3GMQ082PROD with NOTICES

Annual maintenance of policies and procedures.

used to improve the way FDIC relates to
its clients, to develop agendas for
regulatory or statutory change, and in
some cases simply to learn how
particular policies or programs are
working, or are perceived in particular
cases.
4. Title: Interagency Guidance on
Sound Incentive Compensation
Practices.
OMB Number: 3064–0175.
Form Number: None.
Affected Public: Insured State
Nonmember Banks and State Savings
Associations.
Burden Estimate:

Type of burden

Estimated
number of
respondents

Estimated
number of
responses

Estimated
time per
response
(hours)

Frequency
of response

Total annual
estimated
burden
(hours)

Recordkeeping ...................

3,878

1

40

Annual ............

155,120

General Description of Collection: The
Guidance on Sound Incentive
Compensation Practices helps ensure
that incentive compensation policies at
insured state nonmember banks and
state savings associations 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
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 collections of information are
necessary for the proper performance of

VerDate Sep<11>2014

safety-and-soundness and consumerrelated exams), the perceived need for
regulatory or statutory change, and
similar concerns. The information in
these surveys is anecdotal in nature,
that is, samples are not necessarily
random, the results are not necessarily
representative of a larger class of
potential respondents, and the goal is
not to produce a statistically valid and
reliable database. Rather, the surveys are
expected to yield anecdotal information
about the particular experiences and
opinions of members of the public,
primarily staff at respondent banks or
bank customers. The information is

18:11 Feb 08, 2017

Jkt 241001

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.

The Receiver has further irrevocably
authorized and appointed FDICCorporate as its attorney-in-fact to
execute and file any and all documents
that may be required to be executed by
the Receiver which FDIC-Corporate, in
its sole discretion, deems necessary;
including but not limited to releases,
discharges, satisfactions, endorsements,
assignments and deeds.
Effective February 1, 2017, the
Receivership Estate has been
terminated, the Receiver discharged,
and the Receivership Estate has ceased
to exist as a legal entity.

Dated at Washington, DC, this 3rd day of
February 2017.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.

Dated: February 6, 2017.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.

[FR Doc. 2017–02635 Filed 2–8–17; 8:45 am]

BILLING CODE 6714–01–P

[FR Doc. 2017–02671 Filed 2–8–17; 8:45 am]

BILLING CODE 6714–01–P

FEDERAL TRADE COMMISSION
FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice of Termination of the
Receivership of 10299, WestBridge
Bank and Trust Company,
Chesterfield, Missouri
The Federal Deposit Insurance
Corporation (‘‘FDIC’’), as Receiver for
10299, WestBridge Bank and Trust
Company, Chesterfield, Missouri
(‘‘Receiver’’), has been authorized to
take all actions necessary to terminate
the receivership estate of WestBridge
Bank and Trust Company
(‘‘Receivership Estate’’); the Receiver
has made all dividend distributions
required by law.

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[File No. 172 3033]

iSpring Water Systems, LLC; Analysis
of Proposed Consent Order To Aid
Public Comment
Federal Trade Commission.
Proposed consent agreement.

AGENCY:
ACTION:

The consent agreement in this
matter settles alleged violations of
federal law prohibiting unfair or
deceptive acts or practices. The attached
Analysis to Aid Public Comment
describes both the allegations in the
draft complaint and the terms of the
consent order—embodied in the consent
agreement—that would settle these
allegations.

SUMMARY:

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