30-Day Federal Register Notice

23790

Federal Register / Vol. 84, No. 100 / Thursday, May 23, 2019 / Notices

hereby gives notice of its plan to submit
to OMB a request to approve the
renewal of this collection, and again
invites comment on this renewal.
DATES: Comments must be submitted on
or before June 24, 2019.
ADDRESSES: 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.

On March
15, 2019, the FDIC requested comment
for 60 days on a proposal to renew the
information collection 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 this collection, and again
invites comment on this renewal.
Proposal to renew the following
currently approved collection of
information:
1. Title: Interagency Complaint Form.
OMB Number: 3064–0190.
Form Number: None.
Affected Public: Individuals, financial
institutions and other private sector
entities.
Burden Estimate:

SUPPLEMENTARY INFORMATION:

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.

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SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Estimated
time per
response
(minutes)

Estimated
frequency of
responses

Estimated
annual burden
(hours)

Information collection description

Type of
burden

Obligation to
respond

Interagency Appraisal Complaint Form ..

Reporting .......

Voluntary ........

40

On Occasion ..

30

20

Total Estimated Annual Burden .......

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

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

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

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

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

20

General Description of Collection: As
provided in section 1473(p) of the
Dodd-Frank Wall Street Reform and
Consumer Protection Act (Dodd-Frank
Act),1 on January 12, 2011, the
Appraisal Subcommittee (‘‘ASC’’), of the
Federal Financial Institutions
Examination Council (FFIEC)
determined that no national hotline
existed to receive complaints of noncompliance with appraisal standards. A
notice of that determination was
published in the Federal Register on
January 28, 2011 (76 FR 5161). As
required by the Dodd-Frank Act, the
ASC established a hotline to refer
complaints to appropriate state and
Federal regulators. For those instances
where the ASC determines the FDIC,
OCC, FRB, or NCUA is the appropriate
regulator, the agencies developed the
Interagency Appraisal Complaint Form
as a means to efficiently collect
necessary information. The Interagency
Appraisal Complaint Form is designed
to collect information necessary for one
or more agencies to take further action
on a complaint from an appraiser, other
individual, financial institution, or
other entities. The FDIC will use the
information to take further action on the
complaint to the extent it relates to an
issue within its jurisdiction.
1 Dodd-Frank Wall Street Reform and Consumer
Protection Act § 1473, Public Law 111–203, 124
Stat. 1376, July 21, 2010; 12 U.S.C. 3351(i) . . .

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There is no change in the method or
substance of the collection. The overall
reduction in burden hours (from 100
hours to 20 hours) is the result of a
change in the agency’s estimate of the
number of annual responses based on a
review of the actual number of
complaints received over the last three
years. In particular, the estimated
number of respondents has decreased
from 200 to 40 while the estimated time
per response and the frequency of
response have remained the same.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.

Request for Comment

AGENCY:

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 May 20, 2019.

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[FR Doc. 2019–10790 Filed 5–22–19; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (OMB No.
3064–0178)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
The FDIC, as part of its
obligations under the Paperwork
Reduction Act of 1995, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collection described below
(3064–0178). On February 1, 2019, 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 its renewal.
DATES: Comments must be submitted on
or before June 24, 2019.
ADDRESSES: Interested parties are
invited to submit written comments to
SUMMARY:

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Federal Register / Vol. 84, No. 100 / Thursday, May 23, 2019 / Notices
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: 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, Counsel, 202–898–6768,
[email protected], MB–3105, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On
February 1, 2019, the FDIC requested
comment for 60 days on a proposal to
renew this information collection. No

23791

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 its renewal.
Proposal to renew the following
currently approved collection of
information:
1. Title: Market Risk Capital
Requirements.
OMB Number: 3064–0178.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Information collection
(IC)
description

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Identification of trading
positions.
Trading and hedging
strategies.
Active management of
covered positions.
Review of internal
models.
Internal audit report ....
Backtesting adjustments to risk-based
capital ratio calculations.
Demonstrate appropriateness of proxies.
Retention of subportfolio information.
Stressed Var-based
measure quantitative
requirements.
Modeled specific risk ..
Incremental risk
model-prior approval.
Comprehensive risk
measurement-prior
approval.
Requirements of stress
testing.
Securitization positions
Quantitative market
risk disclosures.
Disclosure policy .........
Quantitative disclosures for each portfolio of covered
positons.
Qualitative disclosures
for each portfolio of
covered positons.
Total Hourly Burden.

Estimated
frequency
of responses

Estimated
time per
response

Recordkeeping .....

Mandatory ..

1

1

40

On Occasion

40

Recordkeeping .....

Mandatory ..

1

1

16

On Occasion

16

Recordkeeping .....

Mandatory ..

1

1

16

On Occasion

16

Recordkeeping .....

Mandatory ..

1

1

16

On Occasion

16

Reporting ..............
Recordkeeping .....

Mandatory ..
Mandatory ..

1
1

1
4

16
16

On Occasion
On Occasion

16
64

Recordkeeping .....

Mandatory ..

1

1

8

On Occasion

8

Recordkeeping .....

Mandatory ..

1

1

24

On Occasion

24

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

Mandatory ..

1

4

40

On Occasion

160

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

Mandatory ..
Mandatory ..

1
1

4
4

88
480

On Occasion
On Occasion

352
1,920

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

Mandatory ..

1

4

480

On Occasion

1,920

Recordkeeping .....

Mandatory ..

1

1

80

On Occasion

80

Recordkeeping .....
Third-Party Disclosure.
Recordkeeping .....
Third-Party Disclosure.

Mandatory ..
Mandatory ..

1
1

4
4

120
8

On Occasion
On Occasion

480
32

Mandatory ..
Mandatory ..

1
1

1
4

40
8

On Occasion
On Occasion

40
32

Third-Party Disclosure.

Mandatory ..

1

1

12

On Occasion

12

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

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

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

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

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

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

5,228

The FDIC’s market risk capital rules
(12 CFR part 324, subpart F) enhance
risk sensitivity, increase transparency

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through enhanced disclosures and
include requirements for the public
disclosure of certain qualitative and
quantitative information about the

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Frequency
of response

Total annual
estimated
burden

Obligation
to respond

General Description of Collection

VerDate Sep<11>2014

Estimated
number of
respondents

Type of burden

market risk of state nonmember banks
and state savings associations (covered
FDIC-supervised institutions). The
market risk rule applies only if a bank

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khammond on DSKBBV9HB2PROD with NOTICES

23792

Federal Register / Vol. 84, No. 100 / Thursday, May 23, 2019 / Notices

holding company or bank has
aggregated trading assets and trading
liabilities equal to 10 percent or more of
quarter-end total assets or $1 billion or
more (covered FDIC-supervised
institutions). Currently, only one FDICregulated entity meets the criteria of the
information collection requirements that
are located at 12 CFR 324.203 through
324.212. The collection of information
is necessary to ensure capital adequacy
appropriate for the level of market risk.
Section 324.203(a)(1) requires covered
FDIC-supervised institutions to have
clearly defined policies and procedures
for determining which trading assets
and trading liabilities are trading
positions and specifies the factors a
covered FDIC-supervised institution
must take into account in drafting those
policies and procedures. Section
324.203(a)(2) requires covered FDICsupervised institutions to have clearly
defined trading and hedging strategies
for trading positions that are approved
by senior management and specifies
what the strategies must articulate.
Section 324.203(b)(1) requires covered
FDIC-supervised institutions to have
clearly defined policies and procedures
for actively managing all covered
positions and specifies the minimum
requirements for those policies and
procedures. Sections 324.203(c)(4)
through 324.203(c)(10) require the
annual review of internal models and
specify certain requirements for those
models. Section 324.203(d) requires the
internal audit group of a covered FDICsupervised institution to prepare an
annual report to the board of directors
on the effectiveness of controls
supporting the market risk measurement
systems.
Section 324.204(b) requires covered
FDIC-supervised institutions to conduct
quarterly backtesting. Section
324.205(a)(5) requires institutions to
demonstrate to the FDIC the
appropriateness of proxies used to
capture risks within value-at-risk
models. Section 324.205(c) requires
institutions to develop, retain, and make
available to the FDIC value-at-risk and
profit and loss information on subportfolios for two years. Section
324.206(b)(3) requires covered FDICsupervised institutions to have policies
and procedures that describe how they
determine the period of significant
financial stress used to calculate the
institution’s stressed value-at-risk
models and to obtain prior FDIC
approval for any material changes to
these policies and procedures.
Section 324.207(b)(1) details
requirements applicable to a covered

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FDIC-supervised institution when the
covered FDIC-supervised institution
uses internal models to measure the
specific risk of certain covered
positions. Section 324.208 requires
covered FDIC-supervised institutions to
obtain prior written FDIC approval for
including equity positions in its
incremental risk modeling. Section
324.209(a) requires prior FDIC approval
for the use of a comprehensive risk
measure. Section 324.209(c)(2) requires
covered FDIC-supervised institutions to
retain and report the results of
supervisory stress testing. Section
324.210(f)(2)(i) requires covered FDICsupervised institutions to document an
internal analysis of the risk
characteristics of each securitization
position in order to demonstrate an
understanding of the position. Section
324.212 applies to certain covered FDICsupervised institutions that are not
subsidiaries of bank holding companies,
and requires quarterly quantitative
disclosures, annual qualitative
disclosures, and a formal disclosure
policy approved by the board of
directors that addresses the approach for
determining the market risk disclosures
it makes.
The annual burden for this
information collection is estimated to be
5,228 hours. This represents an increase
of 1,300 hours from the current burden
estimate of 3,928 hours. This increase is
not due to any new requirements
imposed by the FDIC. Rather, it is due
to FDIC’s reassessment of the number of
respondents as well as the frequency of
responses per respondent per year.
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 May 20, 2019.

PO 00000

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019–10795 Filed 5–22–19; 8:45 am]
BILLING CODE 6714–01–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.
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 June 19, 2019.
A. Federal Reserve Bank of
Minneapolis (Mark A. Rauzi, Vice
President), 90 Hennepin Avenue,
Minneapolis, Minnesota 55480–0291:
1. Meta Financial Group, Inc., Sioux
Falls, South Dakota; to become a bank
holding company upon the conversion
of its federal savings bank subsidiary,
MetaBank, Sioux Falls, South Dakota,
into a national bank to be named
MetaBank, National Association.
Board of Governors of the Federal Reserve
System, May 20, 2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019–10796 Filed 5–22–19; 8:45 am]
BILLING CODE P

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