30 - Day Federal Register Notice

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Federal Register / Vol. 88, No. 55 / Wednesday, March 22, 2023 / Notices

HISTORY:

3064–0029, –0112, –0125, and –0177).
The notices of the proposed renewal for
these information collections were
previously published in the Federal
Register on January 6, 2023, and
February 10, 2023, allowing for a 60-day
comment period.
DATES: Comments must be submitted on
or before April 21, 2023.
ADDRESSES: 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/.
• 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.

71 FR 51814 (August 31, 2006).
Vaughn Noga,
Senior Agency Official for Privacy.
[FR Doc. 2023–05806 Filed 3–21–23; 8:45 am]
BILLING CODE 6560–50–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0029; –0112; –0125; –0177]

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, 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.

SUMMARY:

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 collection of
information:
1. Title: Notification of Performance of
Bank Services.
OMB Number: 3064–0029.
Form Number: 6120/06.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0029]
Number of
respondents

Number of
responses per
respondent

Time per
response
(HH:MM)

Information collection
(obligation to respond)

Type of burden
(frequency of response)

Annual burden
(hours)

1. Notification of Performance of
Bank Services, 12 CFR 304.3
(Mandatory).

Reporting (On Occasion) .................

294

2.21

00:30

325

Total Annual Burden (Hours): ....

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

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

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

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

325

Source: FDIC.

General Description of Collection:
Insured state nonmember banks are
required to notify the FDIC, under
section 7 of the Bank Service Company
Act (12 U.S.C. 1867), of the relationship
with a bank service company. The Form
FDIC 6120/06, Notification of
Performance of Bank Services, may be

used by banks to satisfy the notification
requirement. There is no change in the
method or substance of the collection.
The estimated number of respondents,
as well as the time per response and the
frequency of response have remained
the same.

2. Title: Real Estate Lending
Standards.
OMB Number: 3064–0112.
Forms: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

SUMMARY OF ESTIMATED ANNUAL BURDEN

lotter on DSK11XQN23PROD with NOTICES1

[OMB No. 3064–0112]
Number of
respondents

Number of
responses per
respondent

Time per
response
(HH:MM)

Information collection
(obligation to respond)

Type of burden
(frequency of response)

Annual burden
(hours)

1. Real Estate Lending Standards,
12 CFR 365 (Mandatory).

Recordkeeping (Annual) ..................

3,086

1

20:00

61,720

Total Annual Burden (Hours): ....

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

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

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

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

61,720

Source: FDIC.

General Description of Collection:
Section 1828(o) of the Federal Deposit

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Insurance Act requires each federal
banking agency to adopt uniform

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regulations prescribing real estate
lending standards. Part 365 of the FDIC

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Federal Register / Vol. 88, No. 55 / Wednesday, March 22, 2023 / Notices
Rules and Regulations, which
implements section 1828(o), requires
institutions to have real estate lending
policies that include (a) limits and
standards consistent with safe and
sound banking practices; (b) prudent
underwriting standards, including loanto-value ratio (LTV) limits that are clear
and measurable; (c) loan administration
policies; (d) documentation, approval
and reporting requirements; and (e) a
requirement for annual review and
approval by the board of directors. The

methodology of this information
collection. The change in burden is due
to a decrease in the number of
respondents.
3. Title: Foreign Banking and
Investment by Insured State
Nonmember Banks.
OMB Number: 3064–0125.
Forms: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

rule also establishes supervisory LTV
limits and other underwriting
considerations in the form of guidelines.
Since banks generally have written
policies on real estate lending, the
additional burden imposed by this
regulation is limited to modifications to
existing policies necessary to bring
those policies into compliance with the
regulation and the development of a
system to report loans in excess of the
guidelines to the board of directors.
There is no change in the substance or

SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0125]
Number of
responses per
respondent

Number of
respondents

Time per
response
(HH:MM)

Information collection
(obligation to respond)

Type of burden
(frequency of response)

Annual burden
(Hours)

1. Notices or applications to establish, move, or close a foreign
branch, 12 CFR 303.182 (Mandatory).
2. Filings for authorization for foreign
branch to engage in activities
other than those permitted under
12 CFR 347.115, 12 CFR 303
(Mandatory).
3. Filings to invest in foreign organizations, or to engage in certain
activities through foreign organizations, 12 CFR 303.183(b) and
303.121, (Mandatory).
4. Merger transactions involving foreign organizations, 12 CFR
303.185(b) and 12 CFR 303.62
(Mandatory).
5. Filings by insured state nonmember banks to invest in, or divest its interest in, a foreign organization, 12 CFR 303.183 (Mandatory).
6. Notice of foreign divestiture of foreign
organization,
12
CFR
303.183(d) (Mandatory).
7. Document policies and procedures for supervision of foreign activities, 12 CFR 347.116 (Mandatory).

Reporting (On Occasion) .................

1

1

02:00

2

Reporting (On Occasion) .................

1

1

40:00

40

Reporting (On Occasion) .................

2

1

60:00

120

Reporting (On Occasion) .................

1

1

06:00

6

Reporting (On Occasion) .................

1

1

02:00

2

Reporting (On Occasion) .................

1

1

01:00

1

Recordkeeping (Annual) ..................

6

1

400:00

2,400

Total Annual Burden (Hours): ....

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

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

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

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

2,571

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Source: FDIC.

General Description of Collection: The
Federal Deposit Insurance (FDI) Act
requires state nonmember banks to
obtain FDIC consent to establish or
operate a foreign branch, or to acquire
and hold, directly or indirectly, stock or
other evidence of ownership in any
foreign bank or other entity. The FDI
Act also authorizes the FDIC to impose
conditions for such consent and to issue
regulations related thereto. This

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collection is a direct consequence of
those statutory requirements. There is
no change in the substance or
methodology of this information
collection. The change in burden is due
to a decline in the number of FDICsupervised institutions that operate
foreign branches and one fewer
estimated respondent to IC 6.
4. Title: Treatment by the FDIC as
Conservator or Receiver of Financial

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Assets Transferred by an Insured
Depository Institution in Connection
With a Securitization or Participation
after September 30, 2010.
OMB Number: 3064–0177.
Forms: None.
Affected Public: Insured Depository
Institutions.
Burden Estimate:

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Federal Register / Vol. 88, No. 55 / Wednesday, March 22, 2023 / Notices
SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0177]
Number of
responses per
respondent

Number of
respondents

Time per
response
(HH:MM)

Information collection
(obligation to respond)

Type of burden
(frequency of response)

Annual burden
(hours)

1. Credit performance and changes
to compensation arrangements, 12
CFR 360.6(b)(2)(i)(C) & (D) (Mandatory).
2. Securitization structure and initial
compensation arrangements, 12
CFR 360.6(b)(2)(i)(B) & (D) (Mandatory).
3. Residential mortgages: loan-level
information and sponsor’s disclosure of third-party due diligence
report
on
compliance
with
360.6(b)(2)(ii)(B),
12
CFR
360.6(b)(2)(ii)(A) & (B) (Mandatory).
4. Residential mortgages: servicer or
affiliate ownership interests, 12
CFR 360.6(b)(2)(ii)(C) (Mandatory).
5. Securitization documents, 12 CFR
360.6(c)(7) (Mandatory).

Disclosure (Monthly) ........................

28

125.857

02:00

7,048

Disclosure (On Occasion) ................

28

10.488

03:00

882

Disclosure (On Occasion) ................

3

3.667

02:00

22

Disclosure (On Occasion) ................

19

4.789

01:00

91

Recordkeeping (On Occasion) .........

28

10.488

01:00

294

Total Annual Burden (Hours): ....

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

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

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

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

8,337

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Source: FDIC.

General Description of Collection:
Section 360.6 of the FDIC’s regulations
sets forth certain conditions that must
be satisfied for a securitization
transaction sponsored by an insured
depository institution to be eligible for
special treatment in the event that the
FDIC is appointed receiver for the
sponsor. Among other conditions, the
securitization documents must require
compliance with certain disclosure
requirements (including the
requirements of Regulation AB of the
Securities and Exchange Commission).
Conditions of eligibility for special
treatment for participations in financial
assets under § 360.6 are also set forth.
Based upon a closer review of the Rule,
the FDIC has re-categorized the
information collection requirements in
12 CFR 360.6 into five distinct
information collections (ICs) covering:
(1) periodic disclosures of credit
performance or changes to initial
compensation arrangements under 12
CFR 360.6(b)(2)(i)(C) and (D); (2)
disclosures of initial compensation
arrangements and securitization
structure under 12 CFR 360.6(b)(2)(i)(B)
and (D); (3) sponsors’ disclosures of
loan-level information and third-party
due diligence reports for RMBSs under
12 CFR 360.6(b)(2)(ii)(A) and (B); (4)
servicers’ disclosures of servicer or
affiliate ownership interests for
securitizations in which the assets
include residential mortgage loans
under 12 CFR 360.6(b)(2)(ii)(C); and (5)
a recordkeeping requirement that the

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closing documents of a securitization be
maintained in a readily accessible form
under 12 CFR 360.6(c)(7). The burden
associated with these five categories are
enumerated in the estimated burden
table which now identifies the
regulatory authorities for each IC.
While there is no change in the
substance of the information collection,
the ICR is being revised to reflect the recategorization of the PRA requirements
in 12 CFR 360.6 into five distinct ICs.
The additional IC was added to this ICR
to recognize the periodic credit
performance disclosure requirement.
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.

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Dated at Washington, DC, on March 17,
2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023–05883 Filed 3–21–23; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL FINANCIAL INSTITUTIONS
EXAMINATION COUNCIL
[Docket No. AS23–02]

Agency Information Collection
Activities; Proposed Information
Collection: Appraiser Profession
Survey
Appraisal Subcommittee of the
Federal Financial Institutions
Examination Council (ASC).
ACTION: Notice and request for comment.
AGENCY:

The ASC is seeking approval
from the Office of Management and
Budget (OMB) for the information
collection described below. In
accordance with the Paperwork
Reduction Act, ASC is requesting
comments from all interested parties on
the proposed collection of information.
The purpose of this notice is to allow for
60 days of public comment.
DATES: Comments will be accepted until
May 22, 2023.
ADDRESSES: Commenters are encouraged
to submit comments by the Federal
eRulemaking Portal or email, if possible.
You may submit comments, identified
SUMMARY:

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