30-Day Federal Register Notice

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Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices

Experts with specific experience in risk
assessment, dose response analysis,
cheminformatics, bioinformatics, and
genomics are preferred. Nominees
should be well published and current in
their fields of expertise.
NIH and NSF responded, providing
the Agency with a total of 25 nominees.
One nominee, Dr. Jeffrey Bloomquist,
Ph.D., of the University of Florida is a
member of the FIFRA SAP with a
current term ending in 2022. Therefore,
he is not considered further at this time.
Of the remaining 24 nominees, 10 are
interested and available to actively
participate in FIFRA SAP meetings (see
Unit IV.D.).
The following 14 individuals are not
available to be considered further for
membership at this time:

jbell on DSKJLSW7X2PROD with NOTICES

1. Joseph Braun, Ph.D., Brown University,
Providence, Rhode Island.
2. Brenda Eskanazi, Ph.D., University of
California-Berkeley, Berkeley, California.
3. Elaine Faustman, Ph.D., University of
Washington, Seattle, Washington.
4. Phillipe Grandjean, Ph.D., Harvard T.H.
Chan School of Public Health, Boston,
Massachusetts.
5. Paul Hollenberg, Ph.D., University of
Michigan Medical School, Ann Arbor,
Michigan.
6. Mary K. O’Rourke, Ph.D., University of
Arizona, Tucson, Arizona.
7. Angela Peace, Ph.D., Texas Tech
University, Lubbock, Texas.
8. Kenneth Portier, Ph.D., Independent
Consultant, Atlanta, Georgia.
9. Jason Rohr, Ph.D., University of Notre
Dame, Notre Dame, Indiana.
10. Nathaniel Scholz, Ph.D., NOAA
Northwest Fisheries Science Center, Seattle,
Washington.
11. Ronald Tjeerdema, Ph.D., University of
California-Davis, Davis, California.
12. Tim Verslycke, Ph.D., Gradient Corp.,
Boston, Massachusetts.
13. Christopher P. Weis, Ph.D., National
Institute of Environmental Health Sciences,
Bethesda, Maryland.
14. William Wuest, Ph.D., Emory
University, Atlanta, Georgia.

D. Interested and Available Nominees
The following are the names,
addresses, and professional affiliations
of current nominees being considered
for membership on the FIFRA SAP.
Selected biographical data for each
nominee is available in the public
docket at www.regulations.gov (docket
identification (ID) number EPA–HQ–
OPP–2021–0293) and through the
FIFRA SAP website at https://
www.epa.gov/sap. The Agency, at this
time, anticipates selecting new members
to fill upcoming vacancies occurring on
the Panel:
1. Dana Barr, Ph.D., Emory University,
Atlanta, Georgia.
2. Veronica Berrocal, Ph.D., University of
California, Irvine, California.

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3. Asa Bradman, Ph.D., University of
California, Berkeley, California.
4. Glenn Allen Burton, Ph.D., University of
Michigan, Ann Arbor, Michigan.
5. Celia Chen, Ph.D., Dartmouth College,
Hanover, New Hampshire.
6. Richard DiGiulio Ph.D., Duke University,
Durham, North Carolina.
7. Valery Forbes, Ph.D., University of
Minnesota, Minneapolis, Minnesota.
8. Cheryl A. Murphy, Ph.D., Michigan State
University, East Lansing, Michigan.
9. Virginia Rauh, Ph.D., Columbia
University, New York, New York.
10. Lisa M. Sweeney, Ph.D., UES, Inc.,
Dayton, Ohio.
Authority: 7 U.S.C. 136 et. seq.; 21 U.S.C.
301 et seq.; 5 U.S.C. Appendix.
Dated: May 17, 2021.
Michal Freedhoff,
Principal Deputy Assistant Administrator,
Office of Chemical Safety and Pollution
Prevention.
[FR Doc. 2021–10743 Filed 5–20–21; 8:45 am]
BILLING CODE 6560–50–P

FEDERAL COMMUNICATIONS
COMMISSION
[CC Docket No. 92–237; FRS 28151]

Next Meeting of the North American
Numbering Council
Federal Communications
Commission.
ACTION: Notice.
AGENCY:

In this document, the
Commission released a public notice
announcing the meeting of the North
American Numbering Council (NANC),
which will be held via video conference
and available to the public via live
internet feed.
DATES: Wednesday, June 23, 2021. The
meeting will come to order at 2:00 p.m.
ADDRESSES: The meeting will be
conducted via video conference and
available to the public via the internet
at http://www.fcc.gov/live.
FOR FURTHER INFORMATION CONTACT:
Jordan Reth, Acting Designated Federal
Officer, at [email protected] or 202–
418–1418. More information about the
NANC is available at https://
www.fcc.gov/about-fcc/advisorycommittees/general/north-americannumbering-council.
SUPPLEMENTARY INFORMATION: The
NANC meeting is open to the public on
the internet via live feed from the FCC’s
web page at http://www.fcc.gov/live.
Open captioning will be provided for
this event. Other reasonable
accommodations for people with
disabilities are available upon request.
Requests for such accommodations
should be submitted via email to
SUMMARY:

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[email protected] or by calling the
Consumer & Governmental Affairs
Bureau at (202) 418–0530 (voice), (202)
418–0432 (TTY). Such requests should
include a detailed description of the
accommodation needed. In addition,
please include a way for the FCC to
contact the requester if more
information is needed to fill the request.
Please allow at least five days’ advance
notice for accommodation requests; last
minute requests will be accepted but
may not be possible to accommodate.
Members of the public may submit
comments to the NANC in the FCC’s
Electronic Comment Filing System,
ECFS, at www.fcc.gov/ecfs. Comments to
the NANC should be filed in CC Docket
No. 92–237. This is a summary of the
Commission’s document in CC Docket
No. 92–237, DA 21–578, released May
14, 2021.
Proposed Agenda: At the June 23
meeting, the NANC will consider and
vote on recommendations from the
Numbering Administration Oversight
working group on the North American
Numbering Plan Billing & Collection
Fund Size Projections and Contributions
Factor, as well as an evaluation of the
performance of the Billing & Collection
Agent, Welch LLP. The NANC will also
hear reports from the Billing &
Collection Agent, Welch LLP, the
Numbering Administration Oversight
working group on the Reassigned
Numbers Database and Administrator,
and routine status reports from the
North American Portability
Management, LLC and the Secure
Telephone Identity Governance
Authority. This agenda may be modified
at the discretion of the NANC Chair and
the Designated Federal Officers (DFO).
(5 U.S.C. App 2 § 10(a)(2))
Federal Communications Commission.
Daniel Kahn,
Associate Bureau Chief, Wireline Competition
Bureau.
[FR Doc. 2021–10786 Filed 5–20–21; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request [OMB No.
3064–0082; and –0084]
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

SUMMARY:

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Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices
Reduction Act of 1995, invites the
general public and other Federal
agencies to take this opportunity to
comment on the request to renew the
existing information collections
described below (OMB Control No.
3064–0082; and –0084).
Comments must be submitted on
or before June 21, 2021.

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.

ADDRESSES:

• Mail: Manny Cabeza (202–898–
3767), Regulatory 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.
Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.

FOR FURTHER INFORMATION CONTACT:

Manny Cabeza, Regulatory Counsel,
202–898–3767, [email protected], MB–
3128, 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: Recordkeeping, Disclosure
and Reporting Requirements in
Connection with Regulation Z.
OMB Control Number: 3064–0082.
Form Number: None.
Affected Public: FDIC-supervised
institutions.
Burden Estimate: The total estimated
annual burden is 2,031,731 hours and is
detailed in the following tables:

SUMMARY OF ESTIMATED ANNUAL IMPLEMENTATION BURDEN
[OMB No. 3064–0082]
Type of burden
(obligation to respond)

IC description

Frequency
of response

Number of
respondents

Estimated
time per
response
(minutes)

Number of
responses/
respondent

Annual
burden
(hours)

Open-End Credit Products
• Not Home-Secured Open-End Credit Plans
Æ Credit and Charge Card Provisions
Timely Settlement of Estate Debts (1026.11(c)(1)) Written
Policies and Procedures.
Ability to Pay (1026.51(a)(ii)) Written Policies and Procedures.

Recordkeeping (Mandatory)

On occasion ......

8

1

480.00

64

Recordkeeping (Mandatory)

On occasion ......

8

1

480.00

64

Mortgage Products (Open and Closed-End)
• Valuation Independence
Æ Mandatory Reporting
Implementation of Policies and Procedures (1026.42(g)) ..
Total Annual Implementation Burden Hours ...............

Recordkeeping (Mandatory)

On occasion ......

8

1

1,200.00

160

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

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

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

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

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

288
hours

Source: FDIC.

SUMMARY OF ESTIMATED ANNUAL ONGOING BURDEN
[OMB No. 3064–0082]
Type of burden
(obligation to respond)

IC description

Frequency
of response

Number of
respondents

Estimated
time per
response
(minutes)

Number of
responses/
respondent

Annual
burden
(hours)

Open-End Credit Products
• Not Home-Secured Open-End Credit Plans
Æ General Disclosure Rules for Not Home-Secured Open-End Credit Plans
1. Credit and Charge Card Applications and Solicitations
(1026.60).
2. Account Opening Disclosures (1026.6(b)) .........................
3. Periodic Statements (1026.7(b)) ........................................
4. Annual Statement of Billing Rights (1026.9(a)(1)) .............
5. Alternative Summary Statement of Billing Rights
(1026.9(a)(2)).
6. Change in Terms Disclosures (1026.9(b) through (h)) ......

Disclosure (Mandatory)

Annual ...............

575

1

480

4,600

Disclosure
Disclosure
Disclosure
Disclosure

Annual ...............
Monthly ..............
Annual ...............
Monthly ..............

575
575
575
575

1
12
1
12

720
480
480
480

6,900
55,200
4,600
55,200

Annual ...............

575

1

480

4,600

On occasion ......
Annual ...............

575
575

52 *
1

5
720

2,495
6,900

Annual ...............
Quarterly ...........
Quarterly ............
On occasion ......

575
575
575
575

1
4
4
12 *

480
180
360
15

4,600
6,900
13,800
1,788

(Mandatory)
(Mandatory)
(Mandatory)
(Voluntary) ..

Disclosure (Mandatory)

jbell on DSKJLSW7X2PROD with NOTICES

Æ Credit and Charge Card Provisions
7. Timely Settlement of Estate Debts (1026.11(c)(2)) ...........
8. Ability to Pay (1026.51) ......................................................
9. College Student Credit Annual Report (1026.57(d)) ..........
10. Submission of Credit Card Agreements (1026.58(c)) ......
11. Internet Posting of Credit Card Agreements (1026.58(d))
12. Individual Credit Card Agreements (1026.58(e)) .............

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Disclosure (Mandatory)
Recordkeeping (Mandatory).
Reporting (Mandatory)
Reporting (Mandatory)
Disclosure (Mandatory)
Disclosure (Mandatory)

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Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices
SUMMARY OF ESTIMATED ANNUAL ONGOING BURDEN—Continued
[OMB No. 3064–0082]
Type of burden
(obligation to respond)

IC description

Frequency
of response

Number of
respondents

Estimated
time per
response
(minutes)

Number of
responses/
respondent

Annual
burden
(hours)

• Home Equity Open-End Credit Plans (HELOC)
Æ General Disclosure Rules for HELOC’s
13. Application Disclosures (1026.40) ....................................
14. Account Opening Disclosures (1026.6(a)) .......................
15. Periodic Statements (1026.7(a)) ......................................
16. Annual Statement of Billing Rights (1026.9(a)(1)) ...........
17. Alternative Summary Statement of Billing Rights
(1026.9(a)(2)).
18. Change in Terms Disclosures (1026.9(b) through (h)) ....
19. Notice to Restrict Credit (1026.9(c)(1)(iii); .40(f)(3)(i) and
(vi)).

Disclosure
Disclosure
Disclosure
Disclosure
Disclosure

(Mandatory)
(Mandatory)
(Mandatory)
(Mandatory)
(Voluntary) ..

Disclosure (Mandatory)
Disclosure (Mandatory)

Annual
Annual
Annual
Annual
Annual

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

2,362
2,362
2,362
2,362
2,362

1
1
1
1
1

720
720
480
480
480

28,344
28,344
18,896
18,896
18,896

Annual ...............
Annual ...............

2,362
2,362

1
1

480
120

18,896
4,724

2,442

688 *

1

28,004

2,850

1

720

34,200

3,119
3,119
3,119

1
1
1

480
480
18

24,952
24,952
936

• All Open-End Credit Plans
20. Error Resolution (1026.13) ...............................................

Disclosure (Mandatory)

On occasion ......

Closed-End Credit Products
• General Rules for Closed-End Credit
21. Other than Real Estate, Home-Secured and Private
Education Loans (1026.17 and .18).

Disclosure (Mandatory)

Annual ...............

• Closed-End Mortgages
Æ Application and Consummation
22. Loan Estimate (1026.19(e); and .37) ...............................
23. Closing Disclosure (1026.19(f); and .38) .........................
24. Record Retention of Disclosures (1026.19(e), (f); .37;
and .38).

Disclosure (Mandatory)
Disclosure (Mandatory)
Recordkeeping (Mandatory).

Annual ...............
Annual ...............
Annual ...............

Æ Post-Consummation Disclosures
25. Interest Rate and Payment Summary (1026.18(s)) .........
26. No Guarantee to Refinance Statement (1026.18(t)) ........
27. ARMs Rate Adjustments with Payment Change Disclosures (1026.20(c)).
28. Initial Rate Adjustment Disclosure for ARMs
(1026.20(d)).
29. Escrow Cancellation Notice (1026.20(e)) ........................
30. Periodic Statements (1026.41) .........................................

Disclosure (Mandatory)
Disclosure (Mandatory)
Disclosure (Mandatory)

Annual ...............
Annual ...............
Annual ...............

3,119
3,119
3,119

1
1
1

2,400
480
90

124,760
24,952
4,679

Disclosure (Mandatory)

Annual ...............

3,119

1

120

6,238

Disclosure (Mandatory)
Disclosure (Mandatory)

Annual ...............
Annual ...............

3,119
3,119

1
1

480
480

24,952
24,952

On occasion ......

3,119

1,005 *

15

783,797

On occasion ......

3,119

23*

12

14,260

3,128

1

480

25,024

3,128

1

480

25,024

3,128

1*

10

521

6

1

1,440

144

3,119

1

14

728

Æ Ability to Repay Requirements
31. Minimum Standards (1026.43(c) through (f)) ...................
32. Prepayment Penalties (1026.43(g)) .................................

Recordkeeping (Mandatory).
Disclosure (Mandatory)

Mortgage Products (Open and Closed-End)
• Mortgage Servicing Disclosures
Æ Payoff Statements
33. Payoff Statements (1026.36(c)(3)) ...................................

Disclosure (Mandatory)

Annual ...............

Æ Notice of Sale or Transfer
34. Notice of Sale or Transfer (1026.39) ...............................

Disclosure (Mandatory)

Annual ...............

• Valuation Independence
Æ Mandatory Reporting
35. Reporting Appraiser Noncompliance (1026.42(g)) ..........

Reporting (Mandatory)

On occasion ......

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Reverse and High-Cost Mortgages
• Reverse Mortgages
Æ Reverse Mortgage Disclosures
36. Reverse Mortgage Disclosures (1026.31(c)(2) and .33)

Disclosure (Mandatory)

Annual ...............

• High-Cost Mortgage Loans
Æ HOEPA Disclosures and Notice
37. HOEPA Disclosures and Notice (1026.32(c) ...................

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Disclosure (Mandatory)

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Annual ...............

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Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices
SUMMARY OF ESTIMATED ANNUAL ONGOING BURDEN—Continued
[OMB No. 3064–0082]
Type of burden
(obligation to respond)

IC description

Frequency
of response

Number of
respondents

Estimated
time per
response
(minutes)

Number of
responses/
respondent

Annual
burden
(hours)

Private Education Loans
• Initial Disclosures
Æ Application and Solicitation Disclosures
38. Application or Solicitation Disclosures (1026.47(a)) ........

Disclosure (Mandatory)

Annual ...............

3,061

1

3,600

183,660

3,061

1

3,600

183,660

3,061

1

3,600

183,660

2,442

1*

20

814

3,152

1*

20

1,051

Æ Approval Disclosures
39. Approval Disclosures (1026.47(b)) ...................................

Disclosure (Mandatory)

Annual ...............

Æ Final Disclosures
40. Final Disclosures (1026.47(c)) .........................................

Disclosure (Mandatory)

Annual ...............

Advertising Rules
• All Credit Types
Æ Open-End Credit
41. Open-End Credit (1026.16) ..............................................

Disclosure (Mandatory)

Annual ...............

Æ Closed-End Credit
42. Closed-End Credit (1026.24) ...........................................

Disclosure (Mandatory)

Annual ...............

Record Retention
• Evidence of Compliance
43. Regulation Z in General (1026.25) ..................................

Recordkeeping (Mandatory).

Annual ...............

3,152

1

18

946

Total Annual Ongoing Burden Hours ..............................

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

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

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

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

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

2,031,443

Source: FDIC.
* The average number of responses for this IC is based on the average number of credit accounts held at the respondent IDIs.

General Description of the Collection:
Consumer Financial Protection Bureau
(CFPB) Regulation Z—12 CFR 1026
implements the Truth in Lending Act
(15 U.S.C. 1601, et seq.) and certain
provisions of the Real Estate Settlement
Procedures Act (12 U.S.C. 2601 et seq.).
This regulation prescribes uniform
methods for computing the cost of
credit, the disclosure of credit terms and
costs, the resolution of errors and
imposes various other recordkeeping,
reporting and disclosure requirements.
The FDIC has enforcement authority on
the requirements of the CFPB’s
Regulation over the financial
institutions it supervises. This
information collection captures the
recordkeeping, reporting and disclosure
burdens of Regulation Z on FDIC-

supervised institutions. To arrive at the
estimated annual burden the FDIC
assessed the number of potential
respondents to the information
collection by identifying the number of
FDIC-supervised institutions who
reported activity that would be within
the scope of the information collection
requirements according to data from the
most recent Call Report. Additionally,
the FDIC estimated the frequency of
responses to the recordkeeping,
reporting, or disclosure requirements by
assessing the dollar volume of activity
that would be within the scope of the
information collection. In some
instances the FDIC used information
provided by other sources to estimate
the magnitude and scope of activity
attributable to FDIC-supervised

institutions when more immediate
information sources did not exist. There
is no change in the substance or
methodology of this information
collection. The reduction in total
estimated annual burden from 2,395,630
hours to 2,031,731 hours is solely
attributable to agency estimates driven
by economic fluctuations.
2. Title: Account Based Disclosures in
Connection with Consumer Financial
Protection Bureau Regulations E and DD
and Federal Reserve Regulation CC.
OMB Control Number: 3064–0084.
Form Number: None.
Affected Public: FDIC-supervised
institutions.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN FOR REGULATION E
[OMB No. 3064–0084]
Estimated
number of
respondents

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Type of burden
(obligation to respond)

Estimated
number of
responses/
respondent

Estimated
time per
response
(hours)

Total
annual
estimated
burden
(hours)

Regulation E—12 CFR Part 1005
Initial disclosures
1. General (1005.7(b)) ............................................
2. Payroll cards (1005.18(c)(1)) .............................
3. Change in terms (1005.8(a)) ..............................

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Disclosure (Mandatory) ..........................................
Disclosure (Mandatory) ..........................................
Disclosure (Mandatory) ..........................................

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3,172
8
3,172

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83
5,000
113

21MYN1

0.025
0.025
0.017

6,582
1,000
6,093

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Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices
SUMMARY OF ANNUAL BURDEN FOR REGULATION E—Continued
[OMB No. 3064–0084]
Estimated
number of
responses/
respondent

Estimated
number of
respondents

Type of burden
(obligation to respond)

Total
annual
estimated
burden
(hours)

Estimated
time per
response
(hours)

Error resolution rules
4. General (1005.8(b) and 1005.11) ......................
5. Payroll cards (1005.18) ......................................

Disclosure (Mandatory) ..........................................
Disclosure (Mandatory) ..........................................

3,172
8

3
8

0.5
0.5

4,758
32

Disclosure (Mandatory) ..........................................

4

53

40

8,480

Disclosure (Mandatory) ..........................................

4

53

8

1,696

Disclosure (Mandatory) ..........................................

1

1

4

4

Recordkeeping (Mandatory) ..................................

1

1

24

24

Recordkeeping (Mandatory) ..................................

1

1

8

8

Reporting (Mandatory) ...........................................

1

1

1

1

Disclosure (Mandatory) ..........................................

15

1

.5

8

Recordkeeping (Mandatory) ..................................

15

1

.5

8

Recordkeeping (Mandatory) ..................................

15

1

.5

8

Reporting (Mandatory) ...........................................

15

1

.5

8

Prepaid Accounts Rule (1005.18)—New Products
6. Short Form Disclosure (1005.18(b)(2) and
100.515(c).
7. Long Form Disclosure 1005.18(b)(4) and
1005.15(c).

Prepaid Accounts Rule (1005.18)—Implementation
8. Short Form Additional Fee Type Disclosure
(1005.18(b)(2)(ix) implementation.
9. Access to Prepaid Account Information
1005.18(c)(5) and 1005.15(d) implementation.
10. Error Resolution 1005.18(e)(2) and 1005.1511
implementation.
11. Submission of Agreements (1005.19)(b) implementation.

Prepaid Accounts Rule—Ongoing
12. Short Form Additional Fee Type Disclosure
(1005.18(b)(2)(ix) ongoing.
13. Access to Prepaid Account Information
1005.18(c)(5) and 1005.15(d) ongoing.
14. Error Resolution (1005.18 (e)(2) and 1055.11
ongoing.
15. Submission of Agreements (1005.19(b) ongoing.

Gift card/gift certificate (section 1005.20, FRB R–1377)—Implementation
16. Exclusion policies & procedures
(1005.20(b)(2)) implementation.
17. Policy & procedures (1005.20(e)(1)) implementation.

Recordkeeping (Mandatory) ..................................

1

1

40

40

Recordkeeping (Mandatory) ..................................

1

1

40

40

Gift card/gift certificate (section 1005.20, FRB R–1377)—Ongoing
18. Exclusion policies & procedures
(1005.20(b)(2) ongoing.
19. Policy & procedures (1005.20(e)(1)) ongoing ..

Recordkeeping (Mandatory) ..................................

10

1

8

80

Recordkeeping (Mandatory) ..................................

10

1

8

80

Subtotal Regulation E Burden .........................

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

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

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

I ....................

28,950

Source: FDIC.

SUMMARY OF ANNUAL BURDEN FOR REGULATION DD
[OMB No. 3064–0084]
Estimated
number of
respondents

Type of burden
(obligation to respond)

Estimated
number of
responses/
respondent

Estimated
time per
response
(hours)

Total
annual
estimated
burden
(hours)

Regulation DD—12 CFR Part 1030
1. Account disclosures (upon request and new accounts) (section 1030.4).

Disclosure (Mandatory) ..........................................

3,172

170

0.025

13,481

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Subsequent notices (section 1030.5)
2. Change in terms .................................................
3. Prematurity (renewal) notices to consumers .....
4. Disclosures on periodic statements (section
1030.6).
5. Advertising (section 1030.8) ...............................

Disclosure (Mandatory) ..........................................
Disclosure (Mandatory) ..........................................
Disclosure (Mandatory) ..........................................

3,172
3,172
3,172

380
340
12

0.017
0.017
4

20,491
18,334
152,256

Disclosure (Mandatory) ..........................................

3,172

12

0.5

19,032

Subtotal Regulation DD Burden ......................

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

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

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

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

223,594

Source: FDIC.

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Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices
SUMMARY OF ANNUAL BURDEN FOR REGULATION CC
[OMB No. 3064–0084]
Estimated
number of
respondents

Type of burden
(obligation to respond)

Estimated
number of
responses/
respondent

Estimated
time per
response
(hours)

Total
annual
estimated
burden
(hours)

Regulation CC—12 CFR Part 229
1. Specific availability policy disclosure (initial notice to consumers, upon request, upon change
in policy) (sections 229.16, 229.17 and
229.18(d)).
2. Case-by-case hold notice to consumers (section 229.16(c)).
3. Notice of exceptions to hold policy (section
229.13(g)).
4. Notice posted where consumers make deposits
(including at ATMs)4(sections 229.18(b) and
229.18(c)).
5. Notice to consumers of changes in policy (section 229.18(e)).
6. Annual notice of new ATMs (section 229.18(e))
7. Notice of nonpayment—notice to depositary
bank (section 229.33(a) and (d)).
8. Response to consumer’s re-credit claim (validation, denial, reversal) (section 229.54(e)).
9. Bank’s claim against an indemnifying bank
(section 229.55).
10. Consumer awareness disclosure (section
229.57).
11. Reg CC Consumer Burden—Expedited recredit claim notice (section 229.54(a) and
(b)(2)).
Subtotal Regulation CC Burden ......................

Disclosure (Mandatory) ..........................................

3,227

140

0.017

7680

Disclosure (Mandatory) ..........................................

3,227

717

0.05

115688

Disclosure (Mandatory) ..........................................

3,227

247

0.05

39853

Disclosure (Mandatory) ..........................................

3,227

1

0.25

807

Disclosure (Mandatory) ..........................................

3,227

170

0.017

9,326

Disclosure (Mandatory) ..........................................
Disclosure (Mandatory) ..........................................

3,227
3,227

1
2,211

5
0.017

16,135
121,293

Disclosure (Mandatory) ..........................................

3,227

12

0.25

9,681

Reporting (Mandatory) ...........................................

3,227

5

0.25

4,034

Disclosure (Mandatory) ..........................................

3,227

170

0.017

9,326

Reporting (Mandatory) ...........................................

3,227

8

0.25

6,454

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

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

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

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

340, 277

Source: FDIC.

information, the consumer’s potential
liability for unauthorized transfers, and
error resolution rights and procedures.
[OMB No. 3064–0084]
Like Regulation E, Regulation CC has
consumer protection disclosure
Total annual
requirements. Specifically, Regulation
estimated
CC requires depository institutions to
burden
(hours)
make funds deposited in transaction
accounts available within specified time
Subtotal Regulation E ...........
28,950
periods, disclose their availability
Subtotal Regulation DD ........
223,594
Subtotal Regulation CC ........
340,277 policies to customers, and begin
accruing interest on such deposits
promptly. The disclosures are intended
Total Estimated Annual
Burden .......................
592,821 to alert customers that their ability to
use deposited funds may be delayed,
Source: FDIC.
prevent unintentional (and costly)
General Description of Collection:
overdrafts, and allow customers to
Regulations E & DD (Consumer
compare the policies of different
Financial Protection Bureau’s
institutions before deciding at which
Regulations) and Regulation CC (the
institution to deposit funds. Depository
Federal Reserve Board’s Regulation)
institutions must also provide an
ensure adequate disclosures regarding
awareness disclosure regarding
accounts, including electronic fund
substitute checks. The regulation also
transfer services, availability of funds,
requires notice to the depositary bank
and fees and annual percentage yield for and to a customer of nonpayment of a
deposit accounts. Generally, the
check. Regulation DD also has similar
Regulation E disclosures are designed to consumer protection disclosure
ensure consumers receive adequate
requirements that are intended to assist
disclosure of basic terms, costs, and
consumers in comparing deposit
rights relating to electronic fund transfer accounts offered by institutions,
(EFT) services provided to them so that
principally through the disclosure of
they can make informed decisions.
fees, the annual percentage yield, and
Institutions offering EFT services must
other account terms.
disclose to consumers certain
Regulation DD requires depository
information, including: Initial and
institutions to disclose yields, fees, and
updated EFT terms, transaction
other terms concerning deposit accounts

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SUMMARY OF TOTAL ESTIMATED
ANNUAL BURDEN

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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 partly the
result of economic fluctuation and the
reduced number of FDIC-supervised
institutions. The primary reason for the
overall reduction in total estimated
annual burden for this information
collection from 2,946,887 hours to
592,821 hours is due to the recognition
that a group items in the currentlyapproved information collection related
to overdraft opt-in disclosures should be
treated as one-time burdens and no
longer present a burden for FDICsupervised institutions. These items
made up 2.3 million hours of the burden
in currently approved information
collection. The treatment of these items
as representing no ongoing burden is
consistent with the Federal Reserve
Board’s burden treatment in their
current information collection request.1
1 OMB

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Federal Register / Vol. 86, No. 97 / Friday, May 21, 2021 / Notices

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, this 18th day of
May 2021.
Federal Deposit Insurance Corporation
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021–10754 Filed 5–20–21; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
RIN 3064–ZA25

Request for Information and Comment
on Digital Assets

Background Information

Federal Deposit Insurance
Corporation.
ACTION: Request for information and
comment.
AGENCY:

The Federal Deposit
Insurance Corporation (FDIC) is
gathering information and soliciting
comments from interested parties
regarding insured depository
institutions’ (IDIs’) current and potential
activities related to digital assets. The
FDIC is interested in receiving input on
current and potential digital asset use
cases involving IDIs and their affiliates.
DATES: Comments must be received by
July 16, 2021.
ADDRESSES: Commenters are encouraged
to use the title ‘‘Request for Information
and Comment on Digital Assets (RIN
3064–ZA25)’’ and to identify the
number of the specific question(s) for
comment to which they are responding.
Please send comments by one method
only directed to:
• Agency Website: https://
www.fdic.gov/regulations/laws/federal/.
Follow the instructions for submitting
comments on the agency’s website.
• Email: [email protected]. Include
RIN 3064–ZA25 in the subject line of
the message.

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SUMMARY:

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• Mail: James P. Sheesley, Assistant
Executive Secretary, Attention:
Comments-RIN 3064–ZA25, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
• Hand Delivery/Courier: Comments
may be hand-delivered to the guard
station at the rear of the 550 17th Street
NW building (located on F Street) on
business days between 7:00 a.m. and
5:00 p.m., ET.
Public Inspection: All comments
received will be posted without change
to https://www.fdic.gov/regulations/
laws/federal/—including any personal
information provided—for public
inspection. Paper copies of public
comments may be ordered from the
FDIC Public Information Center, 3501
North Fairfax Drive, Room E-1002,
Arlington, VA 22226 or by telephone at
(877) 275–3342 or (703) 562–2200.
FOR FURTHER INFORMATION CONTACT: RaeAnn Miller, Senior Deputy Director,
Supervisory Examinations and Policy,
Division of Risk Management
Supervision, (202) 898–3898, rmiller@
fdic.gov; Jonathan Miller, Deputy
Director, Division of Depositor and
Consumer Protection, 202–898–3587,
[email protected]; or C. Chris Ledoux,
Corporate Expert, Financial Innovation
and Technology Group, Legal Division,
202–898–3535, [email protected].
SUPPLEMENTARY INFORMATION:
FDIC Overview
The FDIC is an independent agency
created by the Congress to maintain
stability and public confidence in the
nation’s financial system. The FDIC
works to maintain the strength of the
U.S. financial sector through effective
supervision of regulated financial
institutions, consumer protection, the
resolution of failed financial
institutions, and the provision of
deposit insurance.1 In its capacity as a
federal banking regulator and deposit
insurer, among other functions, the
FDIC examines and supervises
institutions’ safe and sound operations
and compliance with laws and
regulations, evaluates resolution plans
of large financial institutions, maintains
1 As

of December 31, 2020, the FDIC insured
5,001 insured commercial banks and savings
institutions. The FDIC is the primary federal
regulator of state-chartered banks and savings
associations that are not members of the Federal
Reserve System. As of December 31, 2020, the FDIC
supervised approximately 3,221 banks and savings
associations. The FDIC also has a back-up
supervision and examination role with respect to
insured depository institutions for which the Office
of the Comptroller of the Currency and the Board
of Governors of the Federal Reserve System are the
primary federal regulators. See https://
www.fdic.gov/bank/analytical/qbp/2020dec/.

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the Deposit Insurance Fund (DIF), and
resolves failed IDIs.2 Collectively, the
FDIC’s activities support a safe-andsound banking sector and contribute to
the stability of and public confidence in
the U.S. financial system as a whole.
In addition to its individual
responsibilities, the FDIC works
cooperatively with its fellow state and
federal banking regulators to strengthen
the banking sector and the U.S. financial
system, including through a number of
interagency formal structures, joint rule
making and examinations.
Current and Potential Digital Assets Use
Cases
One area of new technology and
innovation surrounds the use of digital
assets in financial markets and
intermediation, as well as with
settlement and payment systems. Banks
are increasingly exploring several roles
in the emerging digital asset ecosystem,
such as being custodians, reserve
holders, issuers, and exchange or
redemption agents; performing node
functions; and holding digital asset
issuers’ money deposits.
Digital asset use cases and related
activities may fall into one or more
broad categories:
• Technology solutions, such as those
involving closed and open payment
systems, other token-based systems for
banking activities other than payments
(e.g., lending), and acting as nodes in
networks (e.g., distributed ledgers).
• Asset-based activities, such as
investments, collateral, margin lending
and liquidity facilities.
• Liability-based activities, such as
deposit services and where deposits
serve as digital asset reserves.
• Custodial activities, such as
providing digital asset safekeeping and
related services, such as secondary
lending, as well as acting as a qualified
custodian on behalf of investment
advisors.
• Other activity that does not align
with the others above. Examples could
include market-making and
decentralized financing.
Request for Comment
The FDIC recognizes that there are
novel and unique considerations related
to digital assets, and this RFI is intended
to help inform the FDIC’s understanding
in this area. The FDIC is seeking input
on current and potential use cases
involving IDIs and their affiliates and
2 ‘‘Insured depository institution’’ means any
bank or savings association the deposits of which
are insured by the FDIC pursuant to the Federal
Deposit Insurance Act (FDI Act). See 12 U.S.C.
1813(c).

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