30-Day Federal Register Notice

FR2-0095 Procedures for Monitoring Bank Protection Act Compliance 84 FR 3777 Feb 13 2019.pdf

Procedures for Monitoring Bank Protection Act Compliance

30-Day Federal Register Notice

OMB: 3064-0095

Document [pdf]
Download: pdf | pdf
Federal Register / Vol. 84, No. 30 / Wednesday, February 13, 2019 / Notices
Form Number: G–FIN; G–FINW; G–
FIN4 & G–FIN5.

Affected Public: Insured state
nonmember banks acting as government
securities brokers and dealers.

3777

Burden Estimate:

khammond on DSKBBV9HB2PROD with NOTICES

SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Estimated
frequency of
responses

Estimated
time per
response

1

On Occasion ..

1 hour ............

1

Mandatory ......

1

On Occasion ..

15 minutes .....

.25

Reporting .......

Mandatory ......

1

On Occasion ..

2 hours ...........

2

Reporting .......

Mandatory ......

5

On Occasion ..

2 hours ...........

10

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

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

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

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

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

13.25

Information collection description

Type of
burden

Obligation
to respond

Notice by Financial Institutions of Government Securities Broker or Government Securities Dealer Activities (G–
FIN).
Notice By Financial Institutions of Termination of Activities as a Government
Securities Broker of Government Securities Dealer (G–FINW).
Disclosure Form for Person Associated
with a Financial Institution Securities
Broker or Dealer (G–FIN–4).
Uniform Termination Notice for Persons
Associated With a Financial Institution
Government Securities Broker of
Dealer (G–FIN–5).

Reporting .......

Mandatory ......

Reporting .......

Total Estimated Annual Burden ......

General Description of Collection: The
Government Securities Act of 1986
requires all financial institutions acting
as government securities brokers and
dealers to notify their Federal regulatory
agencies of their broker-dealer activities,
unless exempted from the notice
requirements by Treasury Department
regulation.
The Form G–FIN and Form G–FINW
are used by insured State nonmember
banks that are government securities
brokers or dealers to notify the FDIC of
their status or that they have ceased to
function as a government securities
broker or dealer.
The Form G–FIN–4 is used by
associated persons of insured State
nonmember banks that are government
securities brokers or dealers to provide
certain information to the bank and to
the FDIC concerning employment,
residence, and statutory
disqualification.
The Form G–FIN–5 is used by insured
State nonmember banks that are
government securities brokers or dealers
to notify the FDIC that an associated
person is no longer associated with the
government securities broker or dealer
function of the bank.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours (from 17
hours to 13.25 hours) is the result of
economic fluctuation. In particular, the
number of respondents has decreased
from 17 to 8 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

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17:22 Feb 12, 2019

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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 February 8,
2019.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019–02180 Filed 2–12–19; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (OMB No.
3064–0095)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The FDIC, as part of its
obligations under the Paperwork
Reduction Act of 1995, invites the
general public and other Federal

SUMMARY:

PO 00000

Frm 00031

Fmt 4703

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Estimated
annual burden
(hours)

agencies to take this opportunity to
comment on the renewal of the existing
information collection described below
(control Number 3064–0095; 3064–
0145). On December 10, 2018, the FDIC
requested comment for 60 days on a
proposal to renew this information
collection. No comments were received.
The FDIC hereby gives notice of its plan
to submit to OMB a request to approve
the renewal of this collection, and again
invites comment on the renewal.
Comments must be submitted on
or before March 15, 2019.

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.
• 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, 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.

ADDRESSES:

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3778

Federal Register / Vol. 84, No. 30 / Wednesday, February 13, 2019 / Notices

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: On
December 10, 2018, the FDIC requested
comment for 60 days on a proposal to
renew the information collections

described below.1 No comments were
received. The FDIC hereby gives notice
of its plan to submit to OMB a request
to approve the renewal of this
information collection, and again invites
comment on the renewal.
Proposal to renew the following
currently approved collection of
information:

1. Title: Procedures for Monitoring
Bank Protection Act Compliance.
OMB Number: 3064–0095.
Form Number: None.
Affected Public: Insured state
nonmember banks.
Burden Estimate:

khammond on DSKBBV9HB2PROD with NOTICES

SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Estimated
frequency of
responses

Estimated
time per
response
(hours)

Estimated
annual burden
(hours)

Information collection description

Type of burden

Obligation to
respond

Bank Protection Act Compliance
Program.

Recordkeeping ...

Mandatory ..........

3,533

Annually .........

.5

1,766.5

Estimated Total Annual Burden

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

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

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

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

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

1,766.5

General Description of Collection: The
collection requires insured state
nonmember banks to comply with the
Bank Protection Act and to review bank
security programs The Bank Protection
Act of 1968 (12 U.S.C. 1881–1884)
requires each Federal supervisory
agency to promulgate rules establishing
minimum standards for security devices
and procedures to discourage financial
crime and to assist in the identification
of persons who commit such crimes. To
avoid the necessity of constantly
updating a technology-based regulation,
the FDIC takes a flexible approach to
implementing this statute. It requires
each insured nonmember bank to
designate a security officer who will
administer a written security program.
The security program must: (1) Establish
procedures for opening and closing for
business and for safekeeping valuables;
(2) establish procedures that will assist
in identifying persons committing
crimes against the bank; (3) provide for
initial and periodic training of
employees in their responsibilities
under the security program; and (4)
provide for selecting, testing, operating
and maintaining security devices as
prescribed in the regulation. In addition,
the FDIC requires the security officer to
report at least annually to the bank’s
board of directors on the effectiveness of
the security program.
There is no change in the method or
substance of the collection. The FDIC
estimates that the number of
respondents will decrease due to
economic fluctuations from 3,629 to
3,533. The annual burden for this
information collection is estimated to be
1,766.5 hours. This represents a
1 83

FR 63507 (December 10, 2018).

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17:22 Feb 12, 2019

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decrease of 48.5 hours from the current
burden estimate of 1,815 hours.
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 February 8,
2019.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019–02177 Filed 2–12–19; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
RIN 3064–ZA03

Extension of Comment Period for the
Request for Information on the FDIC’s
Deposit Insurance Application Process
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for
information; extension of comment
period.
AGENCY:

1 See

PO 00000

The FDIC is extending the
public comment period for its request
for information on the FDIC’s deposit
insurance application process until
March 31, 2019.
DATES: The comment period for the
notice published on December 12, 2018
(83 FR 63868), regarding the request for
information on the FDIC’s deposit
insurance application process, is
extended from February 11, 2019, to
March 31, 2019.
ADDRESSES: You may submit comments,
identified by RIN 3064–ZA03, by any of
the methods identified in the notice.1
Please submit your comments using
only one method.
FOR FURTHER INFORMATION CONTACT:
RMS Contacts: Donald Hamm, Special
Advisor, (202) 898–3528, DHamm@
FDIC.gov.
Legal Contacts: Annmarie Boyd,
Counsel, (202) 898–3714, ABoyd@
FDIC.gov; Catherine Topping, Counsel,
(202) 898–3975, [email protected];
Federal Deposit Insurance Corporation,
550 17th Street NW, Washington, DC
20429.
SUPPLEMENTARY INFORMATION: On
December 12, 2018, the FDIC published
in the Federal Register a request for
information seeking comments from
interested parties on all aspects of the
deposit insurance application process.
The request is part of the FDIC’s efforts
to enhance transparency, efficiency, and
accountability regarding the application
process.
The FDIC seeks comments from
interested parties on all aspects of the
deposit insurance application process,
including guidance and other issuances,
the steps in the application process, and
communications with applicants, other
SUMMARY:

83 FR 63868 (December 12, 2018).

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