FR1 - 82 FR 61567 (Dec 28 2017)

61567

Federal Register / Vol. 82, No. 248 / Thursday, December 28, 2017 / Notices
Burden Estimate:
Number of
respondents

Source and burden type

Average time
per response
(minutes)

Total
responses

Estimated
annual
burden
(hours)

Form MSD–4 Reporting ....................................................
Form MSD–5 Reporting ....................................................

2
2

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

2
2

60
15

2
0.5

Total Estimated Annual Burden .................................

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

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

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

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

2.5

There is no change in the method or
substance of the collection. The overall
reduction in burden hours is a result of
economic fluctuation. In particular, the
number of respondents has decreased
while the reporting frequency and the
estimated time per response remain the
same.
General Description of Collection: The
1975 Amendments to the Securities
Exchange Act of 1934 established a
comprehensive framework for the
regulation of the activities of municipal
securities dealers. Under Section 15B(a)
of the Securities Exchange Act,
municipal securities dealers which are
banks, or separately identifiable
departments or divisions of banks
engaging in municipal securities
activities, are required to be registered
with the Securities and Exchange
Commission in accordance with such
rules as the Municipal Securities
Rulemaking Board (MSRB), a
rulemaking authority established by the
1975 Amendments, may prescribe as

necessary or appropriate in the public
interest or for the protection of
investors.
One of the areas in which the Act
directed the MSRB to promulgate rules
is the qualifications of persons
associated with municipal securities
dealers as municipal securities
principals and municipal securities
representatives. The MSRB Rules
require persons who are or seek to be
associated with municipal securities
dealers as municipal securities
principals or municipal securities
representatives to provide certain
background information and conversely,
require the municipal securities dealers
to obtain the information from such
persons. Generally, the information
required to be furnished relates to
employment history and professional
background including any disciplinary
sanctions and any claimed bases for
exemption from MSRB examination
requirements.
The FDIC and the other two Federal
bank regulatory agencies, the
Number of
respondents

Source and burden type

Form 6342/12 Reporting ...................................................

sradovich on DSK3GMQ082PROD with NOTICES

Annual
frequency

There is no change in the method or
substance of the collection. There is an
overall reduction in burden hours
which is the result of (1) economic
fluctuation reflected by a decrease in the
number of FDIC-supervised institutions
and (2) a decrease in the number of
requests for deregistration of a registered
transfer agent forms submitted to the
FDIC.
General Description of Collection:
Under the Securities Exchange Act of
1934 (15 U.S.C. 78q–1), an insured
nonmember bank (or a subsidiary of
such a bank) that functions as a transfer
agent may withdraw from registration as
a transfer agent by filing a written notice
of withdrawal with the FDIC. The FDIC
requires such banks to file FDIC Form
6342/12 as the written notice of
withdrawal.

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Annual
frequency
1

Dated at Washington, DC, on December 22,
2017.

Frm 00035

Fmt 4703

Total
responses

On Occasion .....

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.

PO 00000

Comptroller of the Currency, and the
Federal Reserve Board, have prescribed
Forms MSD–4 to satisfy these
requirements and have prescribed Form
MSD–5 for notification by a bank
municipal securities dealer that a
municipal securities principal’s or a
municipal securities representative’s
association with the dealer has
terminated and the reason for such
termination. State nonmember banks
and state savings associations that are
municipal security dealers submit these
forms, as applicable, to the FDIC as their
appropriate regulatory agency for each
person associated with the dealer as a
municipal securities principal or
municipal securities representative.
2. Title: Request for Deregistration for
Registered Transfer Agents.
OMB Number: 3064–0027
Form Number: 6342/12
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

Sfmt 4703

Average time
per response
1

Estimated
annual
burden
(hours)

0.42

0.42

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017–28068 Filed 12–27–17; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request (OMB No.
3064–0084)
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

SUMMARY:

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61568

Federal Register / Vol. 82, No. 248 / Thursday, December 28, 2017 / Notices

general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collection, as required by
the Paperwork Reduction Act of 1995.
Currently, the FDIC is soliciting
comment on renewal of the information
collection described below.
Comments must be submitted on
or before February 26, 2018.

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:

• 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 (202–898–6768), at the
FDIC address above.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently approved collections of
information:
1. Title: Account Based Disclosures in
Connection with Consumer Financial
Protection Bureau Regulations E and DD
and Federal Reserve Regulation CC.
OMB Number: 3064–0084.
Form Number: None.
Affected Public: FDIC-Supervised
Institutions.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Type of
burden

Obligation to
respond

Estimated
number of
respondents

Estimated
time per
response
(hours)

Estimated
frequency

Frequency
of response

Total
annual
estimated
burden

Reg E—12 C.F.R. Part 1005
Initial disclosures:.
General (1005.7(b)) ................................................
Payroll cards (1005.18(c)(1)) ..................................
Change-in-terms (1005.8(a)) .........................................
Transaction disclosures (sections 1005.9(a) and
1005.10).
Periodic statements (section 1005.9(b)) ........................
Error resolution rules:.
General (1005.8(b) and 1005.11) ...........................
Payroll cards (1005.18) ..........................................
Overdraft opt-in disclosures (1005.17, FRB r–1343):.
Revise
and
update
initial
disclosures
(1005.17(c)(2)) for new customers.
Prepare and send new opt-in notices to existing
customers (1005.17(c)(1)).
Consumer response (section 1005.17) ..................
Gift card/gift certificate (section 1005.20, FRB R–
1377):.
Exclusion policies & procedures (1005.20(b)(2))
one-time.
Exclusion policies & procedures (1005.20(b)(2))
ongoing.
Policy & procedures (1005.20(e)(1)) one-time .......
Policy & procedures (1005.20(e)(1)) ongoing ........
Systems change to implement disclosure update
(1005.20(e)(3)).
Subtotal Reg E Burden ...................................

Disclosure
Disclosure
Disclosure
Disclosure

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

Mandatory .......
Mandatory .......
Mandatory .......
.........................

3,674
6
3,674
....................

0.025
0.025
0.017
..................

83
5,000
113
..................

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

7,624
750
6,919
0

Disclosure .......

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

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

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

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

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

0

Disclosure .......
Disclosure .......

Mandatory .......
Mandatory .......

3,674
6

0.500
0.500

3
8

On Occasion ...
On Occasion ...

5,511
24

Disclosure .......

Mandatory .......

3,645

16.000

1

On Occasion ...

58,320

Disclosure .......

Mandatory .......

3,645

16.000

1

On Occasion ...

58,320

Recordkeeping

Voluntary .........

3,645

0.083

7,207

On Occasion ...

2,189,126

Recordkeeping

Mandatory .......

6

40.000

1

On Occasion ...

240

Recordkeeping

Mandatory .......

6

8.000

1

On Occasion ...

48

Recordkeeping
Recordkeeping
Disclosure .......

Mandatory .......
Mandatory .......
Mandatory .......

6
6
6

40.000
8.000
40.000

1
1
1

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

240
48
240

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

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

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

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

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

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

2,327,410

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Regulation CC—12 C.F.R. Part 229
Specific availability policy disclosure (initial notice,
upon request, upon change in policy) (sections
229.16, 229.17 and 229.18(d)).
Case-by-case hold notice (section 229.16(c)) ...............
Notice of exceptions to hold policy (section 229.13(g))
Notice posted where consumers make deposits (including at ATMs) (sections 229.18(b) and 229.18(c)).
Notice of changes in policy (section 229.18(e)) ............
Annual notice of new ATMs (section 229.18(e)) (see
Appendix E to Part 229, Commentary, section XII,
E., comment no. 3).
Notice of nonpayment—notice to depositary bank (section 229.33(a) and (d)).
Response to consumer’s recredit claim (validation, denial, reversal) (section 229.54(e)).
Bank’s claim against an indemnifying bank (section
229.55).
Consumer awareness disclosure (section 229.57) ........
Reg CC Consumer Burden—Expedited recredit claim
notice (section 229.54(a) and (b)(2)).

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Disclosure .......

Mandatory .......

3,674

0.017

140

On Occasion ...

8,573

Disclosure .......
Disclosure .......
Disclosure .......

Mandatory .......
Mandatory .......
Mandatory .......

3,674
3,674
3,674

0.050
0.050
0.250

717
247
1

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

131,713
45,374
919

Disclosure .......
Disclosure .......

Mandatory .......
Mandatory .......

16
3,674

20.000
5.000

1
1

On Occasion ...
On Occasion ...

320
18,370

Disclosure .......

Mandatory .......

3,674

0.017

2,211

On Occasion ...

135,387

Disclosure .......

Mandatory .......

3,674

0.250

12

On Occasion ...

11,022

Reporting .........

Mandatory .......

3,674

0.250

5

On Occasion ...

4,593

Disclosure .......
Reporting .........

Mandatory .......
Mandatory .......

3,674
3,674

0.017
0.250

170
8

On Occasion ...
On Occasion ...

10,410
7,348

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61569

Federal Register / Vol. 82, No. 248 / Thursday, December 28, 2017 / Notices
SUMMARY OF ANNUAL BURDEN—Continued
Type of
burden

Obligation to
respond

Estimated
number of
respondents

Estimated
time per
response
(hours)

Estimated
frequency

Frequency
of response

Total
annual
estimated
burden

Subtotal Reg CC Burden ........................................

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

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

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

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

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

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

374,027

Account disclosures (upon request and new accounts)
(section 1030.4).
Subsequent notices (section 1030.5):.
Change in terms .....................................................
Prematurity (renewal) notices .................................
Disclosures on periodic statements (section 1030.6) ....
Advertising (section 1030.8) ..........................................

Disclosure .......

Mandatory .......

3,674

0.025

170

On Occasion ...

15,615

Disclosure
Disclosure
Disclosure
Disclosure

Mandatory
Mandatory
Mandatory
Mandatory

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

3,674
3,674
3,674
3,674

0.017
0.017
4.000
0.500

380
340
12
12

On
On
On
On

sradovich on DSK3GMQ082PROD with NOTICES

Regulation DD—12 C.F.R. Part 1030

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

Occasion
Occasion
Occasion
Occasion

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

23,269
20,819
176,352
22,044

Subtotal Reg DD Burden ........................................

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

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

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

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

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

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

258,099

Total Burden ....................................................

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

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

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

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

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

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

2,959,536

General Description of Collection:
Regulations E & DD (Consumer
Financial Protection Bureau’s
Regulations) and Regulation CC (the
Federal Reserve’s Regulation) ensure
adequate disclosures regarding
accounts, including electronic fund
transfer services, availability of funds,
and fees and annual percentage yield for
deposit accounts. Generally, the
Regulation E disclosures are designed to
ensure consumers receive adequate
disclosure of basic terms, costs, and
rights relating to electronic fund transfer
(EFT) services provided to them so that
they can make informed decisions.
Institutions offering EFT services must
disclose to consumers certain
information, including: initial and
updated EFT terms, transaction
information, the consumer’s potential
liability for unauthorized transfers, and
error resolution rights and procedures.
Like Regulation E, Regulation CC has
consumer protection disclosure
requirements. Specifically, Regulation
CC requires depository institutions to
make funds deposited in transaction
accounts available within specified time
periods, disclose their availability
policies to customers, and begin
accruing interest on such deposits
promptly. The disclosures are intended
to alert customers that their ability to
use deposited funds may be delayed,
prevent unintentional (and costly)
overdrafts, and allow customers to
compare the policies of different
institutions before deciding at which
institution to deposit funds. Depository
institutions must also provide an
awareness disclosure regarding
substitute checks. The regulation also
requires notice to the depositary bank
and to a customer of nonpayment of a
check.
Regulation DD also has similar
consumer protection disclosure

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Jkt 244001

requirements that are intended to assist
consumers in comparing deposit
accounts offered by institutions,
principally through the disclosure of
fees, the annual percentage yield, and
other account terms. Regulation DD
requires depository institutions to
disclose yields, fees, and other terms
concerning deposit accounts to
consumers at account opening, upon
request, and when changes in terms
occur. Depository institutions that
provide periodic statements are required
to include information about fees
imposed, interest earned, and the
annual percentage yield (APY) earned
during those statement periods. It also
contains rules about advertising deposit
accounts.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is the result
of economic fluctuation and the reduced
number of FDIC-supervised institutions
since the last submission in 2014. In
particular, the number of respondents
has decreased while the hours per
response and frequency of responses
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.

PO 00000

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Fmt 4703

Sfmt 4703

Dated at Washington, DC, on December 22,
2017.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017–28067 Filed 12–27–17; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Update to Notice of Financial
Institutions for Which the Federal
Deposit Insurance Corporation has
Been Appointed Either Receiver,
Liquidator, or Manager
Federal Deposit Insurance
Corporation.

AGENCY:

Update listing of financial
institutions in liquidation.

ACTION:

Notice is hereby given that
the Federal Deposit Insurance
Corporation (Corporation) has been
appointed the sole receiver for the
following financial institutions effective
as of the Date Closed as indicated in the
listing.

SUMMARY:

This list
(as updated from time to time in the
Federal Register) may be relied upon as
‘‘of record’’ notice that the Corporation
has been appointed receiver for
purposes of the statement of policy
published in the July 2, 1992, issue of
the Federal Register (57 FR 29491). For
further information concerning the
identification of any institutions which
have been placed in liquidation, please
visit the Corporation website at
www.fdic.gov/bank/individual/failed/
banklist.html, or contact the Manager of
Receivership Oversight in the
appropriate service center.

SUPPLEMENTARY INFORMATION:

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