30-Day Federal Register Notice

FR2-0001 Charter & Federal Deposit Insurance Application 84 FR 44895 (27 AUG 2019).pdf

Interagency Charter and Federal Deposit Insurance Application

30-Day Federal Register Notice

OMB: 3064-0001

Document [pdf]
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Federal Register / Vol. 84, No. 166 / Tuesday, August 27, 2019 / Notices
from its subcommittees. The DAC may
also receive briefings from Commission
staff on issues of interest to the
Committee and may discuss topics of
interest to the committee, including, but
not limited to, matters concerning
communications transitions,
telecommunications relay services,
emergency access, and video
programming accessibility.
Federal Communications Commission.
Suzanne Singleton,
Chief, Disability Rights Office, Consumer and
Governmental Affairs Bureau.
[FR Doc. 2019–18445 Filed 8–26–19; 8:45 am]
BILLING CODE 6712–01–P

general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collection described below
(3064–0001) on June 27, 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.
Comments must be submitted on
or before September 26, 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–3128, 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.

ADDRESSES:

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (OMB No.
3064–0001)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Agency information collection
activities: submission for OMB review;
comment request.
AGENCY:

The FDIC, as part of its
obligations under the Paperwork
Reduction Act of 1995, invites the

SUMMARY:

44895

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–3128, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On June
27, 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 Charter and
Federal Deposit Insurance Application.
OMB Number: 3064–0001.
Form: Interagency Charter and
Federal Deposit Insurance Application.
Affected Public: Banks or Savings
Associations wishing to become FDICinsured depository institutions.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Obligation
to respond

Interagency Charter and Federal Deposit Insurance Application.

Mandatory ......

General Description of Collection: The
Federal Deposit Insurance Act requires
financial institutions to apply to the
FDIC to obtain deposit insurance. This
collection provides FDIC with the
information needed to evaluate the
applications.
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

jspears on DSK3GMQ082PROD with NOTICES

Estimated
number of
respondents 1

Information collection (IC) description

1 To arrive at the estimated number of
respondents published in the 60-day Federal
Register notice (84 FR 30714, June 27, 2019), the
FDIC counted the number of deposit insurance
applications received between January 1, 2017 and
March 31, 2019. Nine (9) applications were received
in 2017; 27 were received in 2018; and six (6) were
received during the first quarter of 2019. FDIC is
aware that there has been increasing interest in
forming new banks and each new bank would need
to submit an application for Federal deposit

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30

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
insurance. In addition, the FDIC has begun to take
steps to ease the deposit insurance application
process. Based on the foregoing, FDIC determined
that the annual number of respondents for this
information collection should be adjusted to 34 and
that number was used in to arrive at the burden
estimate published in the 60-day notice.
Since the 60-day Federal Register notice was
published, FDIC refined the estimated number of
expected deposit insurance applications by
annualizing the rate of applications received during

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Estimated
time per
response
(hours)
125

Frequency of
response

Total
estimated
annual burden
(hours)

On Occasion ..

3,750

technology. All comments will become
a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on August 22,
2019.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019–18414 Filed 8–26–19; 8:45 am]
BILLING CODE 6714–01–P

the first quarter of 2019 to derive an annual
estimate of 24. Using the above historical
application data, FDIC staff produced an
intermediate estimate of 20 as the annual average
number of applications expected. Starting with the
intermediate estimate of 20 respondents per year,
and weighting the expert judgment of FDIC staff at
50 percent to incorporate the qualitative factors
discussed above (20 + 0.50 * 20), FDIC is revising
its estimated number of respondents for this
information collection to 30 respondents per year.

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