30-Day Federal Register Notice

FR2-0162 Large Bank Deposit Insurance Program 83 FR 32290 July 12 2018.pdf

Large-Bank Deposit Insurance Programs

30-Day Federal Register Notice

OMB: 3064-0162

Document [pdf]
Download: pdf | pdf
32290

Federal Register / Vol. 83, No. 134 / Thursday, July 12, 2018 / Notices

Item No.

Bureau

Subject

3 ......................

MEDIA ......................................................

4 ......................

PUBLIC SAFETY & HOMELAND SECURITY.

5 ......................

WIRELINE COMPETITION ......................

6 ......................

ENFORCEMENT ......................................

Title: Children’s Television Programming Rules (MB Docket No. 18–202); Modernization of Media Regulation Initiative (MB Docket No. 17–105)
Summary: The Commission will consider a Notice of Proposed Rulemaking seeking comment on proposed revisions to the children’s television programming
rules to provide broadcasters greater flexibility in meeting their children’s programming obligations.
Title: Amendment of Part 11 of the Commission’s Rules Regarding the Emergency
Alert System (PS Docket No. 15–94); Wireless Emergency Alerts (PS Docket
No. 15–91)
Summary: The Commission will consider a Report and Order and Further Notice of
Proposed Rulemaking to improve emergency alerting, including facilitating more
effective EAS tests and preventing false alerts.
Title: Nationwide Number Portability (WC Docket No. 17–244); Numbering Policies
for Modern Communications (WC Docket No. 13–97)
Summary: The Commission will consider a Report and Order that forbears from
legacy requirements and amends rules to facilitate the move toward complete
nationwide number portability to promote competition between all service providers and increase network routing efficiencies.
Title: Amendment of Procedural Rules Governing Formal Complaint Proceedings
Delegated to the Enforcement Bureau (EB Docket No. 17–245)
Summary: The Commission will consider a Report and Order that consolidates and
streamlines the rules governing formal complaint proceedings delegated to the
Enforcement Bureau.

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*
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*
The meeting site is fully accessible to
people using wheelchairs or other
mobility aids. Sign language
interpreters, open captioning, and
assistive listening devices will be
provided on site. Other reasonable
accommodations for people with
disabilities are available upon request.
In your request, include a description of
the accommodation you will need and
a way we can contact you if we need
more information. Last minute requests
will be accepted, but may be impossible
to fill. Send an email to: [email protected]
or call the Consumer & Governmental
Affairs Bureau at 202–418–0530 (voice),
202–418–0432 (TTY).
Additional information concerning
this meeting may be obtained from the
Office of Media Relations, (202) 418–
0500; TTY 1–888–835–5322. Audio/
Video coverage of the meeting will be
broadcast live with open captioning
over the internet from the FCC Live web
page at www.fcc.gov/live.
For a fee this meeting can be viewed
live over George Mason University’s
Capitol Connection. The Capitol
Connection also will carry the meeting
live via the internet. To purchase these
services, call (703) 993–3100 or go to
www.capitolconnection.gmu.edu.

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Federal Communications Commission.
Marlene Dortch,
Secretary.
[FR Doc. 2018–14861 Filed 7–11–18; 8:45 am]
BILLING CODE 6712–01–P

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FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (OMB No.
3064–0109; 0124; and 0162)
Federal Deposit Insurance
Corporation (FDIC).

AGENCY:
ACTION:

Notice and request for comment.

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.
The FDIC published notices of its intent
to renew the information collections
described below in the Federal Register
and requested comment for 60 days. 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 the renewal.

SUMMARY:

Comments must be submitted on
or before August 13, 2018.

DATES:

Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal.

ADDRESSES:

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• Email: [email protected]. Include
the name and number of the collection
in the subject line of the message.
• Mail: Manny Cabeza, Counsel,
Room MB–3007, 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, Counsel, 202–898–3767,
[email protected], MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:

Proposal to renew the following
currently approved collections of
information:
1. Title: Notice of Branch Closure.
OMB Number: 3064–0109.
Form Number: None.
Affected Public: Insured depository
institutions.
Burden Estimate:

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Federal Register / Vol. 83, No. 134 / Thursday, July 12, 2018 / Notices
SUMMARY OF ANNUAL BURDEN
Estimated
time per
response
(hours)

Estimated
number of
respondents

Type of burden

Adoption of Closure Policy ...............................................
Notice of Closure ..............................................................

Recordkeeping .....
Disclosure .............

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

23
683

8
2

One time ...............
On occasion .........

184
1,366

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

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

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

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

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

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

1,550

General Description of Collection:
Section 42 of the Federal Deposit
Insurance Act mandates that an insured
depository institution closing a branch
notify its primary federal regulator not
later than 90 days prior to the closing.
The statute also provides that a notice
be posted on the premises of the branch
for the 30-day period immediately prior
to the closing and that the customers be
notified in a mailing at least 90 days
prior to the closing. Each insured
depository institution that has one or
more branches is required to adopt a
written policy for branch closings.
Burden Estimate Methodology and
Assumptions:
There are no changes in the
methodology or substance of this
information collection. FDIC believes
that the existing estimate of the time
required to develop a written branch
closure policy and to provide the

required branch closure notices is
accurate. The number of branch closure
notifications is closely related to the
number of branches closed, while the
number of closure policy adoptions
equals the number newly chartered
branch banking institutions and the
number of existing banking institutions
that transition from having no branches
to having at least one branch. To derive
an estimate of average annual branch
closure notifications, FDIC Risk
Management Supervision (RMS) staff
counted the number of full-service
standalone and in-store branches that
closed between 2015 and 2017. In
addition, FDIC staff count the number of
newly chartered branch banking
institutions and the number of
institutions that transitioned from
having no branches to having at least
one branch. To derive an estimate of
average annual branch closure

Frequency
of response

Average
total
annual
estimated
burden
(hours)

Obligation
to respond

notifications, FDIC Risk Management
Supervision (RMS) staff counted the
number of full-service standalone and
in-store branches that closed between
2015 and 2017. In addition, FDIC staff
counted the number of newly chartered
branch banking institutions and the
number of institutions that transitioned
from having no branches to having at
least one branch. FDIC records reflect
that there were 683 branch closures, on
average, each year between 2015 and
2017. FDIC estimates that an average of
23 institutions each year will transition
from having no branches to having at
least one branch.
2. Title: Notification of Change of
Insured Status.
OMB Number: 3064–0124.
Form Number: None.
Affected Public: Insured depository
institutions.
Burden Estimate:

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SUMMARY OF ANNUAL BURDEN
Estimated
time per
response
(hours)

Estimated
number of
respondents

Type of burden

Certification .......................................................................
Notification ........................................................................

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

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

150
2

.25
1

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

37.5
2

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

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

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

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

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

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

39.5

General Description of Collection:
This information collection consists
of two parts: (1) A certification that
insured depository institutions provide
the FDIC when all deposit liabilities
from one insured depository institution
are assumed from another insured
depository institution, with the latter
institution responsible for providing the
certification, and (2) a notification that
an insured depository institution
provides to its depositors when it seeks
to voluntarily terminate its insured
status. The certification is necessary to
implement the provisions of section 8(q)
of the Federal Deposit Insurance Act, 12
U.S.C. 1818(q), regarding termination of
the insured status of the transferring
institution and termination of the
separate deposit insurance coverage

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provided on deposit accounts assumed
by the assuming institution. The
depositor notification is required by
section 8(a) (6) of the Federal Deposit
Insurance Act, 12 U.S.C. 1818(a) (6).
This provision ensures that the
institution’s depositors receive
appropriate information regarding the
institution’s intent to terminate its
insured status and that, prior to the
termination of the institution’s insured
status, depositors receive appropriate
information concerning federal deposit
insurance coverage of their accounts
once the institution’s insured status is
terminated.
There is no change in the
methodology or substance of this
information collection. The number of
certifications submitted under this

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Frequency
of response

Average
total
annual
estimated
burden
(hours)

Obligation
to respond

information collection is closely related
to the number of insured depository
institutions that are acquired by another
depository institution through mergers
or as a result of the closing of the
institution by its chartering authority.
The number of depositor notifications is
driven by the number of institutions
that elect to voluntarily terminate its
insured status without having its
deposits assumed by another insured
depository institution. The change in
burden is due to economic fluctuation
reflected in a lower number of
certifications following mergers or
closures and a reduction in the number
of notifications due to voluntary
terminations of insured status.
3. Title: Large Bank Deposit Insurance
Program.

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Federal Register / Vol. 83, No. 134 / Thursday, July 12, 2018 / Notices

OMB Number: 3064–0162.
Form Number: None.
Affected Public: Insured depository
institutions having at least $2 billion in

deposits and at least either: (a) 250,000
Deposit accounts; or (b) $20 billion in
total assets, regardless of the number of

deposit accounts (a ‘‘covered
institution’’).
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Obligation to
respond

Type of burden

Average
estimated
number of
respondents

Estimated
time per
response
(hours)

Frequency of
response

Average
total annual
estimated
burden
(hours)

Implementation
Posting and removing provisional holds—360.9(c)(1)
and (2).
Providing standard data format for deposit account and
customer information—360.9(d)(1).
Notification of identity of person responsible for producing standard data downloads—360.9(c)(3).
Request for exemption from provisional hold requirements—360.9(c)(9).
Provide deposit account and customer information in required standard format—360.9(d)(3).
Request for extension of compliance deadline—
360.9(e)(7).
Request for exemption—360.9(f) .....................................

Recordkeeping .....

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

8

150

One time ...............

1,200

Recordkeeping .....

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

8

110

One time ...............

880

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

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

8

8

One time ...............

64

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

Voluntary ..............

1

20

On occasion .........

20

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

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

8

40

On occasion .........

320

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

Voluntary ..............

1

20

On occasion .........

20

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

Voluntary ..............

1

20

On occasion .........

20

Total Implementation Burden ....................................

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

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

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

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

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

2,524

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Ongoing
Notification of identity of person responsible for producing standard data downloads—360.9(c)(3).
Request for exemption from provisional hold requirements—360.9(c)(9).
Request for exemption—360.9(f) .....................................
Test compliance with 360.9(c)–(d) pursuant to 360.9(h)

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

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

153

8

On occasion .........

1,224

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

Voluntary ..............

1

20

On occasion .........

20

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

Voluntary ..............
Mandatory ............

1
81

20
80

On occasion .........
On occasion .........

20
6,480

Total Ongoing Burden ...............................................

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

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

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

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

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

7,744

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

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

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

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

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

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

10,268

General Description of Collection:
Upon the failure of an FDIC-insured
depository institution, the FDIC is
required to pay insured deposits as soon
as possible.1 To do so, the FDIC must be
able to quickly determine the total
insured amount for each depositor. To
make this determination, the FDIC must
ascertain the balances of all deposit
accounts owned by the same depositor
in the same ownership capacity at a
failed institution as of the day of failure.
The FDIC issued a regulation (12 CFR
360.9) to modernize the process of
determining the insurance status of each
depositor in the event of failure of a
covered institution. The regulation
requires covered institutions to adopt
mechanisms that would, in the event of
the institution’s failure (1) provide the
FDIC with standard deposit account and
other customer information, and (2)
allow the placement and release of
holds on liability accounts, including
deposits. The regulation applies only to
covered institutions and imposes the
1 The FDIC can meet its obligation to pay insured
deposits either by payment in cash or by making
available to each depositor a transferred deposit in
a another insured depository institution. 12 U.S.C
§ 1821(f)(1).

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following recordkeeping and reporting
requirements:
Recordkeeping
360.9(c)(1) and (2)—Posting and
Removing Provisional Holds. Covered
institutions must have an automatic
process for placing a provisional hold
on deposit accounts within timeframes
specified in FDIC regulations.
360.9(d)(1) and (2)—Providing
Standard Data Format for Deposit
Account and Customer Information.
Covered institutions must produce
information in the specified standard
data format.
Reporting
360.9(c)(3)—Covered institutions
must notify the FDIC of the person(s)
responsible for producing required
standard data downloads and for
administering provisional holds.
360.9(c)(9)—A covered institution
may request an exemption from the
provisional hold requirements for
certain account systems servicing a
relatively small number of accounts
where manual application of
provisional holds is feasible.

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360.9(d)(3)—Upon request by the
FDIC, a covered institution must submit
the data required by 360.9(d)(1) .
360.9(e)(7)—A covered institution
may request an extension of the
deadline to comply with provisional
hold and standard data format
requirements.
360.9(f)—A covered institution may
request an exemption from the
provisional hold and standard data
format requirements due to high
concentration of deposits incidental to
credit card operations.
360.9(h)—A covered institution’s
compliance with the recordkeeping and
reporting requirements set forth in the
rule will be tested by the FDIC.
Burden Estimate Methodology and
Assumptions:
The FDIC is revising its burden
estimate because the number of covered
institutions has decreased due to
economic fluctuations and most covered
institutions have already implemented
the requirements of the regulation and
will only face reduced ongoing
compliance burdens. Based on FDIC
Call Report data,2 the regulation
currently applies to 145 institutions.
2 FDIC

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Call Report, September 30, 2017.

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Federal Register / Vol. 83, No. 134 / Thursday, July 12, 2018 / Notices
The FDIC has determined that in the
past, between 1 and 3 new institutions
per quarter have become covered under
the regulation. FDIC estimates that on

average, 2 new institutions per quarter
(8 new institutions per year) will
become covered and be subject to initial
implementation burden. The following

table reflects the FDCI’s estimate of the
breakdown of covered institutions
facing implementation and ongoing
burden during the next three years:

NUMBER OF INSTITUTIONS
Year 1

Year 3

Average

Implementation ................................................................................................................
Ongoing ...........................................................................................................................

8
145

8
153

8
161

8
153

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

153

161

169

161

All covered institutions will be
required to comply with the
requirements of 360.9(h). FDIC
estimates that half of the covered
institutions will be tested for
compliance each year. As a result, it is
estimated that an average of 81 covered
institutions will be affected by this
reporting burden annually. No
institutions have requested an extension
under section 360.9(e)(7), or exemptions
under sections 360.9(c)(9) or 360.9(f).
The ‘‘Summary of Annual Burden’’ table
above lists a respondent count of 1 for
these requests as placeholders to
preserve the burden estimates for these
activities.
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.
Dated at Washington, DC, on July 6, 2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018–14864 Filed 7–11–18; 8:45 am]
BILLING CODE 6714–01–P

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Year 2

FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
Tuesday, July 17, 2018
at 10:00 a.m.
PLACE: 1050 First Street NE,
Washington, DC.
TIME AND DATE:

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This meeting will be closed to
the public.
MATTERS TO BE CONSIDERED: Compliance
matters pursuant to 52 U.S.C. 30109.
Matters concerning participation in
civil actions or proceedings or
arbitration.
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Contact Person for More Information:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
STATUS:

Laura E. Sinram,
Deputy Secretary of the Commission.
[FR Doc. 2018–15024 Filed 7–10–18; 4:15 pm]
BILLING CODE 6715–01–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,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The applications will also be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
a nonbanking company, the review also
includes whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act
(12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be
conducted throughout the United States.

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Unless otherwise noted, comments
regarding each of these applications
must be received at the Reserve Bank
indicated or the offices of the Board of
Governors not later than August 6, 2018.
A. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Platte Valley Financial Service
Companies, Inc., Scottsbluff, Nebraska;
to acquire 100 percent of the voting
shares of The American Bank of Sidney,
Sidney, Nebraska.
Board of Governors of the Federal Reserve
System, July 9, 2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018–14931 Filed 7–11–18; 8:45 am]
BILLING CODE P

FEDERAL TRADE COMMISSION
[File No. 182 3100]

ReadyTech Corporation; Analysis 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
complaint and the terms of the consent
order—embodied in the consent
agreement—that would settle these
allegations.

SUMMARY:

Comments must be received on
or before August 1, 2018.
ADDRESSES: Interested parties may file a
comment online or on paper, by
following the instructions in the
Request for Comment part of the
SUPPLEMENTARY INFORMATION section
below. Write: ‘‘ReadyTech Corporation’’
on your comment, and file your
comment online at https://
ftcpublic.commentworks.com/ftc/
readytechconsent by following the
DATES:

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