60-Day Federal Register Notice

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Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices
seventh Household Survey as a
supplement to the June 2021 CPS. On
December 2, 2020, the FDIC requested
comment for 60 days on this proposed
information collection to conduct the
Household Survey.1 The FDIC received
no comments.
Request for Comment
Comments are again 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.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on February 10,
2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021–03110 Filed 2–16–21; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0022; –0027; –0103; –0114;
–0115; –0163; –0208]

Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request
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 (PRA), invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collections described below
(OMB Control No. 3064–0022; –0027;
–0103; –0114; –0115; –0163).
DATES: Comments must be submitted on
or before April 19, 2021.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• Agency Website: 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), Regulatory Counsel, MB–3128,
Federal Deposit Insurance Corporation,
SUMMARY:

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, 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: Uniform Application/
Uniform Termination for Municipal
Securities Principal or Representative.
OMB Number: 3064–0022.
Form Number: 6200/54; 6200/55.
Affected Public: Individuals and
Insured state nonmember banks and
state savings associations.
Burden Estimate:

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SUMMARY OF ANNUAL BURDEN
Estimated
time per
response
(minutes)

Estimated
annual
burden
(hours)

Information collection description

Type of burden

Obligation
to respond

Estimated
number of
respondents

Estimated
frequency
of responses

Uniform Application for Municipal Securities
Principal or Representative (MSD 4).
Uniform Termination Notice for Securities
Principal or Representative (MSD 5).

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

Mandatory

2

On Occasion

60

2

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

Mandatory

2

On Occasion

15

0.5

Total Estimated Annual Burden: 2.5
hours.
General Description of Collection: The
1975 Amendments to the Securities
Exchange Act of 1934 established a
comprehensive framework for the
regulation of the activities of municipal
securities dealers. Under Section 15B(a)
of the Securities Exchange Act,
municipal securities dealers which are
banks, or separately identifiable
departments or divisions of banks
engaging in municipal securities
activities, are required to be registered
with the Securities and Exchange
Commission in accordance with such
rules as the Municipal Securities
1 85

Rulemaking Board (MSRB), a
rulemaking authority established by the
1975 Amendments, may prescribe as
necessary or appropriate in the public
interest or for the protection of
investors. One of the areas in which the
Act directed the MSRB to promulgate
rules is the qualifications of persons
associated with municipal securities
dealers as municipal securities
principals and municipal securities
representatives. The MSRB Rules
require persons who are or seek to be
associated with municipal securities
dealers as municipal securities
principals or municipal securities
representatives to provide certain

background information and conversely,
require the municipal securities dealers
to obtain the information from such
persons. Generally, the information
required to be furnished relates to
employment history and professional
background including any disciplinary
sanctions and any claimed bases for
exemption from MSRB examination
requirements. The FDIC and the other
two Federal bank regulatory agencies,
the Comptroller of the Currency, and the
Federal Reserve Board, have prescribed
Forms MSD–4 to satisfy these
requirements and have prescribed Form
MSD–5 for notification by a bank
municipal securities dealer that a

FR 77462 (December 2, 2020).

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Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices

municipal securities principal’s or a
municipal securities representative’s
association with the dealer has
terminated and the reason for such
termination. State nonmember banks
and state savings associations that are
municipal security dealers submit these
forms, as applicable, to the FDIC as their

appropriate regulatory agency for each
person associated with the dealer as a
municipal securities principal or
municipal securities representative.
There is no change in the methodology
or substance of this information
collection.

2. Title: Request for Deregistration for
Registered Transfer Agents.
OMB Number: 3064–0027.
Form Number: 6342/12.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Information collection description

Type of burden

Obligation
to respond

Estimated
number of
respondents

Estimated
frequency
of responses

Estimated
time per
response
(hours)

Estimated
annual
burden
(hours)

Request for Deregistration for Registered
Transfer Agents.

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

Mandatory

1

On Occasion

0.42

0.42

Total Estimated Annual Burden: 0.42
hours.
General Description of Collection:
Under the Securities Exchange Act of
1934 (15 U.S.C. 78q–1), an insured
nonmember bank (or a subsidiary of
such a bank) that functions as a transfer
agent may withdraw from registration as
a transfer agent by filing a written notice

of withdrawal with the FDIC. The FDIC
requires such banks to file FDIC Form
6342/12 as the written notice of
withdrawal. There is no change in the
methodology or substance of this
information collection.
3. Title: Recordkeeping Requirements
Associated with Real Estate Appraisals
and Evaluations.

OMB Number: 3064–0103.
Form Number: None.
Affected Public: Insured State
Nonmember Banks and State Savings
Associations.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Information collection description

Type of burden

Obligation
to respond

Estimated
number of
respondents

Estimated
frequency
of responses

Estimated
time per
response
(minutes)

Estimated
annual
burden
(hours)

Recordkeeping Requirements Associated with
Real Estate Appraisals and Evaluations.

Recordkeeping ...........

Mandatory

3,245

On Occasion

5

80

Total Estimated Annual Burden: 80
hours.
General Description of Collection:
FIRREA directs the FDIC to prescribe
appropriate performance standards for
real estate appraisals connected with
federally related transactions under its
jurisdiction. This information collection
is a direct consequence of the statutory
requirement. It is designed to provide
protection for federal financial and

public policy interests by requiring real
estate appraisals used in connection
with federally related transactions to be
performed in writing, in accordance
with uniform standards, by an appraiser
whose competency has been
demonstrated and whose professional
conduct will be subject to effective
supervision. The overall reduction in
burden hours is a result of economic
fluctuation. In particular, the number of

respondents has decreased, the
reporting frequency has increased while
the estimated time per response remains
the same.
4. Title: Foreign Banks.
OMB Number: 3064–0114.
Form Number: None.
Affected Public: Insured branches of
foreign banks.
Burden Estimate:

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SUMMARY OF ANNUAL BURDEN
Information collection description

Type of burden

Obligation
to respond

Estimated
number of
respondents

Estimated
frequency
of responses

Estimated
time per
response

Moving a Branch ..............................................
Consent to Operate ..........................................
Approval to Conduct Activities .........................
Pledge of Assets Documents ...........................
Pledge of Asset Reports ..................................
Recordkeeping .................................................

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

Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory

1
1
1
10
10
10

On Occasion
On Occasion
On Occasion
Quarterly .....
Quarterly .....
On Occasion

8 hours .....
8 hours .....
8 hours .....
15 minutes
2 hours .....
120 hours

Total Estimated Annual Burden:
1,314 hours.

General Description of Collection:
Applications to move an insured statelicensed branch of a foreign bank;

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Estimated
annual
burden
(hours)
8
8
8
10
80
1,200

applications to operate as such
noninsured state-licensed branch of a
foreign bank; applications from an

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Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices
insured state-licensed branch of a
foreign bank to conduct activities that
are not permissible for a federally
licensed branch; internal recordkeeping
by such branches; and reporting and
recordkeeping requirements relating to

such a branch’s pledge of assets to the
FDIC. There is no change in the
methodology or substance of this
information collection.
5. Title: Prompt Corrective Action.
OMB Number: 3064–0115.

Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Information collection description

Type of burden

Obligation
to respond

Estimated
number of
respondents

Estimated
frequency
of responses

Estimated
time per
response
(hours)

Estimated
annual
burden
(hours)

Prompt Corrective Action ................................

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

Voluntary ..

17

On Occasion

4

68

Total Estimated Annual Burden: 68
hours.
General Description of Collection: The
Prompt Corrective Action (PCA)
provisions of section 38 of the Federal
Deposit Insurance Act require or permit
the FDIC and other federal banking
agencies to take certain supervisory
actions when FDIC-insured institutions
fall within certain capital categories.
They also restrict or prohibit certain
activities and require the submission of

a capital restoration plan when an
insured institution becomes
undercapitalized. Various provisions of
the statute and the FDIC’s implementing
regulations require the prior approval of
the FDIC before an FDIC-supervised
institution, or certain insured
depository institutions, can engage in
certain activities, or allow the FDIC to
make exceptions to restrictions that
would otherwise be imposed. This
collection of information consists of the

applications that are required to obtain
the FDIC’s prior approval to engage in
these activities. There is no change in
the method or substance of the
collection.
6. Title: Qualified Financial Contracts.
OMB Number: 3064–0163.
Form Number: None.
Affected Public: State non-member
banks and savings associations.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Information collection description

Type of burden

Obligation
to respond

Estimated
number of
respondents

Estimated
frequency
of responses

Reporting Requirements .................................
Recordkeeping Requirements .........................
Application for Extension of Time ...................
Full Scope Entities ..........................................
Limited Scope Entities .....................................

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

Mandatory
Mandatory
Mandatory
Mandatory
Mandatory

190
190
20
2
110

Monthly ........
Quarterly ......
On occasion
On occasion
On occasion

Total Estimated Annual Burden:
18,720 hours.
General Description of Collection:
This collection consists of
recordkeeping requirements for
qualified financial contracts (QFCs) held
by insured depository institutions in

troubled condition. There is no change
in the methodology or substance of this
information collection.
7. Title: Restrictions on Qualified
Financial Contracts of Subsidiaries of
certain FDIC-Supervised Institutions;
Revisions to the Definition of Qualifying

Estimated
time per
response
(hours)
2
10
0.5
3,000
5

Estimated
annual
burden
(hours)
4,560
7,600
10
6,000
550

Master Netting Agreement and Related
Definitions.
OMB Number: 3064–0208.
Form Number: None.
Affected Public: Private sector.
Burden Estimate:

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SUMMARY OF ANNUAL BURDEN
Information collection description

Type of burden

Obligation
to respond

Estimated
number of
respondents

Estimated
frequency
of responses

Estimated
time per
response
(hours)

Estimated
annual
burden
(hours)

Process for Approval of Enhanced Creditor
Protections.

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

Mandatory

6

On occasion

40

240

Total Estimated Annual Burden: 240
hours.
General Description of Collection:
This rule is necessary to give effect to
such cross-default restrictions in the
ISDA Protocol. The rule requires that
FDIC-supervised institutions that are
subsidiaries of GSIBs and their

counterparties either adhere to the ISDA
Protocol or take the prescribed steps to
amend the contractual provisions of
their QFCs, consistent with the
requirements in the rule, within a
specified period of time. If such
institutions elect to amend their QFCs
in lieu of adhering to the ISDA Protocol,

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they must seek the FDIC’s approval of
the proposed amendments, giving rise to
the information collection. The
information collection is necessary to
ensure QFC contracts are amended in
compliance with the rule. The FDIC’s
rule applies to FDIC-supervised
institutions that are subsidiaries of

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Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices

GSIBs and sets forth requirements
parallel to those contained in similar
rules recently published by the FRB and
the OCC with regard to entities they
supervise to ensure consistent
regulatory treatment of QFCs among the
various entities within a GSIB group.
There is no change in the methodology
or substance of this information
collection.
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.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on February 11,
2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021–03171 Filed 2–16–21; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL FINANCIAL INSTITUTIONS
EXAMINATION COUNCIL
[Docket No. AS21–01]

Standardized Instructions and Format
To Be Used for Interim and Final
Progress Reporting
Appraisal Subcommittee of the
Federal Financial Institutions
Examination Council
ACTION: The Appraisal Subcommittee
(ASC) is issuing this Notice of Request
for public comment on the standardized
Appraisal Subcommittee Progress
Report (ASC–PR) format to be used for
both interim and final progress
reporting for all ASC grants and
submission to Office of Management
and Budget (OMB) of proposed
collection of information.
jbell on DSKJLSW7X2PROD with NOTICES

AGENCY:

Written comments must be
received on or before March 19, 2021 to
be assured of consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent to
www.reginfo.gov/public/do/PRAMain.
DATES:

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Find this particular information
collection by selecting ‘‘Currently under
30-day Review—Open for Public
Comments’’ or by using the search
function.
For
information on the ASC–PR, contact
Maria Brown, Regulatory Affairs
Specialist, ASC at 202–792–1197 or
[email protected].
SUMMARY: This proposed information
collection was previously published in
the Federal Register on November 20,
2020 and allowed 60 days for public
comment. No comments were received
to that Notice. In conjunction with the
Paperwork Reduction Act of 1995, the
ASC has submitted to the OMB a
request for review and approval of
information collection listed below. The
purpose of this notice is to allow an
additional 30 days for public comment
from all interested individuals and
organizations.

By the Appraisal Subcommittee.
James R. Park,
Executive Director.
[FR Doc. 2021–03126 Filed 2–16–21; 8:45 am]
BILLING CODE 6700–01–P

FOR FURTHER INFORMATION CONTACT:

SUPPLEMENTARY INFORMATION:

Title: ASC Progress Report
Standardized Instructions and Format
for Interim and Final Progress
Reporting.
The ASC has established new grantmaking programs and is responsible for
monitoring its grantees on the use of
federal funds. The ASC developed this
progress report for both interim and
final progress reports for grants issued
under ASC authority. The progress
report will be submitted to the ASC
semi-annually as an attachment to the
Standard Form 425, Federal Financial
Report. A draft version of the
instructions and format for the report is
posted on the ASC website at https://
www.asc.gov/Documents/
GrantsFundingCorrespondence/PRFFR%20Reporting%20Instructions%20
and%20Form.pdf. The report will
benefit award recipients by making it
easier for them to administer federal
grant and cooperative agreement
programs through standardization of the
types of information required in
progress reports, thereby reducing their
administrative effort and costs.
OMB Number: New Collection.
Burden Estimates:
Type of Review: Regular.
Affected Public: All ASC grantees.
Estimated Number of Respondents:
55.
Estimated burden per Response: 1
hour.
Frequency of Response: Twice per
year (semi-annual and annual report).
Estimated Total Annual Burden: 110
hours.

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FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:

The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, without revision, the
Recordkeeping Requirements
Associated with Changes in Foreign
Investments (Made Pursuant to
Regulation K) (FR 2064; OMB No. 7100–
0109).
DATES: Comments must be submitted on
or before April 19, 2021.
ADDRESSES: You may submit comments,
identified by FR 2064, by any of the
following methods:
• Agency website: https://
www.federalreserve.gov/. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Email: regs.comments@
federalreserve.gov. Include the OMB
number in the subject line of the
message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551.
All public comments are available
from the Board’s website at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons or to
remove personally identifiable
information at the commenter’s request.
Accordingly, comments will not be
edited to remove any identifying or
contact information. Public comments
may also be viewed electronically or in
paper in Room 146, 1709 New York
Avenue NW, Washington, DC 20006,
between 9:00 a.m. and 5:00 p.m. on
weekdays. For security reasons, the
Board requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 452–3684.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and to submit to security
SUMMARY:

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