30-Day Federal Register Notice

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Federal Register / Vol. 87, No. 136 / Monday, July 18, 2022 / Notices
‘‘Currently Under Review,’’ (3) click on
the downward-pointing arrow in the
‘‘Select Agency’’ box below the
‘‘Currently Under Review’’ heading, (4)
select ‘‘Federal Communications
Commission’’ from the list of agencies
presented in the ‘‘Select Agency’’ box,
(5) click the ‘‘Submit’’ button to the
right of the ‘‘Select Agency’’ box, (6)
when the list of FCC ICRs currently
under review appears, look for the Title
of this ICR and then click on the ICR
Reference Number. A copy of the FCC
submission to OMB will be displayed.
SUPPLEMENTARY INFORMATION: The
Commission may not conduct or
sponsor a collection of information
unless it displays a currently valid
Office of Management and Budget
(OMB) control number. No person shall
be subject to any penalty for failing to
comply with a collection of information
subject to the PRA that does not display
a valid OMB control number.
As part of its continuing effort to
reduce paperwork burdens, as required
by the Paperwork Reduction Act (PRA)
of 1995 (44 U.S.C. 3501–3520), the FCC
invited the general public and other
Federal Agencies to take this
opportunity to comment on the
following information collection.
Comments are requested concerning: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
burden estimates; (c) ways to enhance
the quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on the respondents,
including the use of automated
collection techniques or other forms of
information technology. Pursuant to the
Small Business Paperwork Relief Act of
2002, Public Law 107–198, see 44 U.S.C.
3506(c)(4), the FCC seeks specific
comment on how it might ‘‘further
reduce the information collection
burden for small business concerns with
fewer than 25 employees.’’
OMB Control No.: 3060–1159.
Title: Part 25—Satellite
Communications; and Part 27—
Miscellaneous Wireless Communication
Services: 2.3 GHz Band.
Form No.: N/A.
Type of Review: Extension of a
currently approved collection.

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Respondents: Business or other for
profit entities.
Number of Respondents and
Responses: 155 respondents and 5,761
responses.
Estimated Time per Response: 0.5–40
hours.
Frequency of Response:
Recordkeeping requirement, Third Party
Disclosure, and On occasion and
Quarterly reporting requirements.
Obligation to Respond: Required to
obtain or retain benefits. The statutory
authority for this information collection
is 47 U.S.C. 154, 301, 302(a), 303, 309,
332, 336, and 337 unless otherwise
noted.
Total Annual Burden: 24,065 hours.
Annual Cost Burden: $370,250.
Needs and Uses: The information
filed by Wireless Communications
Service (WCS) licensees in support of
their construction notifications will be
used to determine whether licensees
have complied with the Commission’s
performance benchmarks. Further, the
information collected by licensees in
support of their coordination obligations
will help avoid harmful interference to
Satellite Digital Audio Radio Service
(SDARS), Aeronautical Mobile
Telemetry (AMT) and Deep Space
Network (DSN) operations in other
spectrum bands.
Federal Communications Commission.
Marlene Dortch,
Secretary, Office of the Secretary.
[FR Doc. 2022–15280 Filed 7–15–22; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request; OMB No.
3064–0001; –0178
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
general public and other Federal
agencies to take this opportunity to
comment on the request to renew the

SUMMARY:

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existing information collections
described below (OMB Control No.
3064–0001 and –0178). The notice of
the proposed renewal for these
information collections was previously
published in the Federal Register on
April 27, 2022, allowing for a 60-day
comment period.
Comments must be submitted on
or before August 17, 2022.

DATES:

Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• Agency Website: https://
www.fdic.gov/resources/regulations/
federal-register-publications/index.html.
• 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,
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 NW building
(located on F Street NW), 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.

ADDRESSES:

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 collection of
information:
1. Title: Interagency Charter and
Federal Deposit Insurance Application.
OMB Number: 3064–0001.
Form Number: 6200–05.
Affected Public: Banks or Savings
Associations wishing to become FDIC
insured depository institutions.
Burden Estimate:

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Federal Register / Vol. 87, No. 136 / Monday, July 18, 2022 / Notices
SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0001]

Information collection description

Interagency Charter and Federal Deposit
Insurance Application.

Type of burden
(obligation to
respond)
Reporting
(Mandatory).

Frequency of
response

Number of
respondents

On Occasion

Number of
responses per
respondent

20

Hours per
response

1

Annual burden
(hours)

125

2,500

Source: FDIC.

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.

There is no change in the method or
substance of the collection. The
decrease in burden hours is the result of
economic fluctuation. In particular, the
number of respondents has decreased
while the hours per response and
frequency of responses have remained
the same.

Estimated
number of
responses per
respondent

Estimated
number of
respondents

Estimated
time per
response
(hours)

Estimated
annual burden
(hours)

Information collection description

Type of burden

Frequency of
response

Identification of Trading Positions (IC–1) .................................
Trading and Hedging Strategies (IC–2) ...................................
Active Management of Covered Positions (IC–3) ....................
Prior Written Approval to Use Internal Models (IC–4) .............
Documentation of Internal Models and Other Activities (IC–5)
Prior Approval for Certain Capital Standards (IC–6) ...............
Demonstrate Appropriateness of Proxies (IC–7) .....................
Retention of Subportfolio Information (IC–8) ...........................
Stressed VaR-based Measure Quantitative Requirements
(IC–9).
Incremental Risk Modeling Prior Approval (IC–10) .................
Comprehensive Risk Measurement Prior Approval (IC–11) ....
Recordkeeping for Stress Tests (IC–12) .................................
Demonstrate Understanding of Securitization Positions and
Performance (IC–13).
Disclosure Policy (IC–14) .........................................................
Quantitative Market Risk Disclosures (IC–15) .........................

Recordkeeping
Recordkeeping
Recordkeeping
Reporting .......
Recordkeeping
Reporting .......
Recordkeeping
Recordkeeping
Recordkeeping
& Reporting.
Reporting .......
Reporting .......
Recordkeeping
Recordkeeping

Annual ............
Annual ............
Annual ............
Annual ............
Annual ............
Annual ............
Annual ............
Annual ............
Semiannual ....

1
1
1
1
1
1
1
1
1

1
1
1
1
1
1
1
1
4

40
16
16
8
24
8
8
24
40

40
16
16
8
24
8
8
24
160

Quarterly ........
Quarterly ........
Quarterly ........
Periodically .....

1
1
1
1

4
4
4
100

480
480
8
2

1,920
1,920
32
200

Recordkeeping
Third-Party
Disclosure.
Third-Party
Disclosure.

Annual ............
Quarterly ........

1
1

1
4

40
8

40
32

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

1

1

12

12

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

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

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

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

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

4,460

Qualitative Market Risk Disclosures (IC–16) ...........................
Total Annual Burden Hours ..............................................

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2. Title: Market Risk Capital
Requirements.
OMB Number: 3064–0178.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

General Description of Collection: The
FDIC’s market risk capital rules (12 CFR
part 324, subpart F) enhance risk
sensitivity, increase transparency
through enhanced disclosures and
include requirements for the public
disclosure of certain qualitative and
quantitative information about the
market risk of state nonmember banks
and state savings associations (covered
FDIC-supervised institutions). The
market risk rule applies only if a bank
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 FDIC
regulated entity meets the criteria of the
information collection requirements that
are located at 12 CFR 324.203 through
324.212. The collection of information

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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 FDIC
supervised 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

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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 FDIC
supervised 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 back testing. 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 sub

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khammond on DSKJM1Z7X2PROD with NOTICES

Federal Register / Vol. 87, No. 136 / Monday, July 18, 2022 / Notices
portfolios for two years. Section
324.206(b)(3) requires covered FDIC
supervised 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 FDIC-supervised
institution when the covered FDICsupervised institution uses internal
models to measure the specific risk of
certain covered positions. Section
324.208 requires covered FDICsupervised 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 FDICsupervised institutions to retain and
report the results of supervisory stress
testing. Section 324.210(f)(2)(i) requires
covered FDIC supervised 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 FDIC supervised
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.
Relative to the 2019 information
collection request (ICR), the set of
information collections (ICs) included
in the above burden estimates has been
revised. A detailed review of the 18 ICs
included in the 2019 ICR showed that
seven of the ICs appear inconsistent
with the requirements in subpart F or
potentially repeat other identified PRA
requirements in subpart F. Those seven
ICs have been deleted from the set of ICs
retained in this renewal.1 Additionally,
a detailed review of subpart F found five
provisions that require covered
institutions to conduct third-party
disclosure, recordkeeping, or reporting
and were not included in the 2019 ICR.
The PRA requirements of these five
provisions have been introduced as ICs
1 The ICs deleted from the 2019 ICR are: IC 4–
Review of internal models; IC 5–Internal audit
report; IC 6–Backtesting adjustments to risk-based
capital ratio calculations; IC 10–Modeled specific
risk; IC 13–Requirements of stress testing; IC 14–
Securitization position; IC 17–Quantitative
disclosures for each portfolio of covered positions
(IC numbers refer to those in the 2019 ICR memo).

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in the burden estimate above.2 Lastly, a
review of the 2019 Supporting
Statement for the Federal Reserve’s
approved information collection (OMB
No. 7100–0314) for its Market Risk
Capital Requirements regulations (12
CFR 217 subpart F) shows that the OMB
No. 7100–0314 list of ICs corresponds
with the modified set of ICs in this
renewal, and would therefore promote
consistency among how the banking
agencies estimate the PRA burden for
the market risk capital rule.3
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 July 12, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022–15216 Filed 7–15–22; 8:45 am]
BILLING CODE 6714–01–P

42725

Requests to register to attend the
meeting in-person should be submitted
to [email protected] and contain ‘‘July
27, 2022, Commission Meeting’’ in the
subject line. Interested members of the
public have until 5:00 p.m. (Eastern)
Monday, July 25, 2022, to register to
attend in-person. Seating for members of
the public is limited and will be
available on a first-come, first-served
basis for those who have registered in
advance. Health and safety protocols for
meeting attendees will depend on the
COVID–19 Community Transmission
Level for Washington DC as determined
on Friday, July 22, 2022. Pre-registered
attendees will be notified of the
required health and safety protocols
before the meeting and no later than
Tuesday, July 26, 2022.
MATTERS TO BE CONSIDERED:
Portions Open to the Public
1. Staff Briefing on Ocean Shipping
Reform Act of 2022
Portions Closed to the Public
2. Staff Briefing on Unreasonable
Refusal to Deal or Negotiate with
Respect to Vessel Space
3. Staff Update on Ocean Carrier
Practices with Respect to
Congestion or Related Surcharges
4. Staff Briefing on Enforcement Process
and Pending Matters
CONTACT PERSON FOR MORE INFORMATION:
William Cody, Secretary, (202) 523–
5725.
William Cody,
Secretary.

FEDERAL MARITIME COMMISSION

[FR Doc. 2022–15400 Filed 7–14–22; 4:15 pm]
BILLING CODE 6730–02–P

Sunshine Act Meetings
July 27, 2022; 10:00 a.m.
This meeting will be held at the
Federal Maritime Commission at the
address below and also streamed live at
www.fmc.gov.
800 N Capitol Street NW, 1st Floor
Hearing Room, Washington, DC
STATUS: Part of the meeting will be open
to the public: held in-person with a
limited capacity for public attendants
and also available to view streamed live,
accessible from www.fmc.gov. The rest
of the meeting will be closed to the
public.
TIME AND DATE:
PLACE:

2 The newly-introduced ICs are: IC 4–Prior
approval to use internal models (324.203(c)(1)); IC
5–Documentation of internal models and other
activities (324.203(f)); IC 6–Prior approval for
certain capital standards (324.204(a)(2)(vi)(B)); IC
12–Recordkeeping for stress tests (324.209(c)(2));
and IC 13–Demonstrate understanding of
securitization positions (324.210(f)(1)).
3 See https://www.reginfo.gov/public/do/
PRAOMBHistory?ombControlNumber=7100-0314.

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FEDERAL MINE SAFETY AND HEALTH
REVIEW COMMISSION
Hearing Health and Safety
Federal Mine Safety and Health
Review Commission.
ACTION: Notice.
AGENCY:

Beginning on January 3, 3022,
the Federal Mine Safety and Health
Review Commission (the ‘‘Commission’’
or ‘‘FMSHRC’’) resumed in-person
hearings in the manner described in an
order dated December 3, 2021,
appearing in the Federal Register on
December 9, 2021, and posted on the
Commission’s website
(www.fmshrc.gov). On July 11, 2022,
Commission Chief Administrative Law
Judge Glynn F. Voisin issued an order,
which modifies the December 3 order.
The July 11 order is posted on the
Commission’s website and contains

SUMMARY:

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