30-Day Federal Register Notice

FR2-0175 Interagency Guidance Sound Incentive Compensation Policies 88 FR 28549 May 4 2023.pdf

Interagency Guidance on Sound Incentive Compensation Policies

30-Day Federal Register Notice

OMB: 3064-0175

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Federal Register / Vol. 88, No. 86 / Thursday, May 4, 2023 / Notices
FEDERAL COMMUNICATIONS
COMMISSION
[OMB 3060–0855; FR ID 139297]

Information Collection Being Reviewed
by the Federal Communications
Commission
Federal Communications
Commission.
ACTION: Notice and request for
comments.
AGENCY:

As part of its continuing effort
to reduce paperwork burdens, and as
required by the Paperwork Reduction
Act (PRA) of 1995, the Federal
Communications Commission (FCC or
the Commission) invites the general
public and other Federal agencies to
take this opportunity to comment on the
following information collection.
Comments are requested concerning:
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;
the accuracy of the Commission’s
burden estimate; ways to enhance the
quality, utility, and clarity of the
information collected; 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; and ways to
further reduce the information
collection burden on small business
concerns with fewer than 25 employees.
The FCC may not conduct or sponsor
a collection of information unless it
displays a currently valid 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 Office
of Management and Budget (OMB)
control number.
DATES: Written PRA comments should
be submitted on or before July 3, 2023.
If you anticipate that you will be
submitting comments, but find it
difficult to do so within the period of
time allowed by this notice, you should
advise the contact listed below as soon
as possible.
ADDRESSES: Direct all PRA comments to
Nicole Ongele, FCC, via email PRA@
fcc.gov and to [email protected].
FOR FURTHER INFORMATION CONTACT: For
additional information about the
information collection, contact Nicole
Ongele, (202) 418–2991.
SUPPLEMENTARY INFORMATION:

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SUMMARY:

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OMB Control Number: 3060–0855.
Title: Telecommunications Reporting
Worksheets and Related Collections,
FCC Forms 499–A and 499–Q.
Form Number(s): FCC Forms 499–A
and 499–Q.
Type of Review: Extension of a
currently approved collection.
Respondents: Business or other for
profit and not-for-profit institutions.
Number of Respondents and
Responses: 8,000 respondents; 40,300
responses.
Estimated Time per Response: 0.25
hours–25 hours.
Frequency of Response: Annually,
quarterly, recordkeeping and on
occasion reporting requirements.
Obligation To Respond: Mandatory.
Statutory authority for this collection of
information is contained in 151, 154(i),
154(j), 155, 157, 159, 201, 205, 214, 225,
254, 303(r), 715 and 719 of the Act, 47
U.S.C. 151, 154(i), 154(j), 155, 157, 159,
201, 205, 214, 225, 254, 303(r), 616, and
620.
Total Annual Burden: 250,850 hours.
Total Annual Cost: No cost.
Needs and Uses: This information
collection requires contributors to the
federal universal service fund,
telecommunications relay service fund,
and numbering administration to file,
pursuant to sections 151, 225, 251 and
254 of the Act, a Telecommunications
Reporting Worksheet on an annual basis
(FCC Form 499–A and/or on a quarterly
basis (FCC Form 499–Q). The
information is also used to calculate
FCC regulatory fees for interstate
telecommunications service providers.
Federal Communications Commission.
Marlene Dortch,
Secretary, Office of the Secretary.
[FR Doc. 2023–09409 Filed 5–3–23; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0140; –0175]

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

SUMMARY:

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28549

comment on the request to renew the
existing information collections
described below (OMB Control No.
3064–0140 and –0175). The notices of
the proposed renewal for these
information collections were previously
published in the Federal Register on
March 2, 2023, allowing for a 60-day
comment period.
DATES: Comments must be submitted on
or before June 5, 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.
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: Insurance Sales Consumer
Protections.
OMB Number: 3064–0140.
Forms: None.
Affected Public: Insured State
nonmember banks and savings
associations that sell insurance
products; persons who sell insurance in
or on behalf of insured State
nonmember banks and savings
associations.
Burden Estimate:

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Federal Register / Vol. 88, No. 86 / Thursday, May 4, 2023 / Notices
SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0140]
Information collection
(obligation to respond)

Type of burden
(frequency of response)

1. Insurance Sales Consumer Protections, 12
CFR 343 (Mandatory).
Total Annual Burden (Hours): .......................

Third Party Disclosure (On
Occasion).
...............................................

Number of
responses per
respondent

Number of
respondents

Time per
response
(HH:MM)

Annual
burden
(hours)

1,101

1

05:00

5,505

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

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

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

5,505

Source: FDIC.

General Description of Collection:
Respondents must prepare and provide
certain disclosures to consumers (e.g.,
that insurance products and annuities
are not FDIC-insured) and obtain
consumer acknowledgments, at two
different times: (1) Before the
completion of the initial sale of an
insurance product or annuity to a
consumer; and (2) at the time of
application for the extension of credit (if
insurance products or annuities are
sold, solicited, advertised, or offered in
connection with an extension of credit).
There is no change in the substance or
methodology of this information
collection. The decrease in burden is
due solely to a decrease in the estimated
number of respondents.
The disclosure requirements in this
information collection apply to all
FDIC-supervised IDIs that sell insurance
products. According to recent Reports of

Condition and Income (Call Report),
there are currently 3,068 FDICsupervised IDIs.1 To estimate the
number of IDIs that would be directly
affected by this ICR, FDIC restricts the
count to those IDIs that report income
from the sale of insurance on their Call
Reports. IDIs report income from
insurance activities differently
depending on which Call Report form
they file. IDIs file Call Report form 051
if they have less than $1 billion in total
assets and do not have any foreign
offices, and they file forms 031 or 041
otherwise. IDIs that file form 051 report
income from insurance activities on Call
Report schedule RI line 5(d) 2, while
IDIs that file forms 031 or 041 report
income from annuity sales,
underwriting income from insurance
and reinsurance activities, and other
income from insurance activities on Call
Report schedule RI lines 5(d) 3–5.

As of September 30, 2022, 321 FDICsupervised IDIs reported non-zero
values of income from annuity sales,
underwriting income from insurance
and reinsurance activities, or income
from other insurance activities on Call
Report forms 031 or 041. Another 780
FDIC-supervised IDIs reported non-zero
values of income from insurance
activities on Call Report form 051.2
Accordingly, the estimated number of
respondents for this information
collection is 1,101.3
2. Title: Interagency Guidance on
Sound Incentive Compensation Policies
OMB Number: 3064–0175.
Forms: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0175]
Number of
responses per
respondent

Number of
respondents

Time per
response
(HH:MM)

Annual
burden
(hours)

Information collection
(obligation to Respond)

Type of burden
(frequency of response)

1. Initial documentation: Interagency Guidance
on Sound Incentive Compensation Practices,
75 FR 36395 (Voluntary).
2. Revision of initial documentation: Interagency
Guidance on Sound Incentive Compensation
Practices, 75 FR 36395 (Voluntary).

Recordkeeping (Annual) .......

1

1

40:00

40

Recordkeeping (Annual) .......

1,985

1

02:00

3,970

Total Annual Burden (Hours): ...............................

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

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

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

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

4,010

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Source: FDIC.

General Description of Collection:
This Guidance helps promote that
incentive compensation policies at
insured state non-member banks do not
encourage excessive risk-taking and are
consistent with the safety and
soundness of the organization. Under
this Guidance, banks are encouraged to:
(i) Have policies and procedures that
identify and describe the role(s) of the
personnel and units authorized to be
involved in incentive compensation
1

FDIC Call Report data, September 2022.

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arrangements, identify the source of
significant risk-related inputs, establish
appropriate controls governing these
inputs to help ensure their integrity, and
identify the individual(s) and unit(s)
whose approval is necessary for the
establishment or modification of
incentive compensation arrangements;
(ii) create and maintain sufficient
documentation to permit an audit of the
organization’s processes for incentive
compensation arrangements; (iii) have
2

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any material exceptions or adjustments
to the incentive compensation
arrangements established for senior
executives approved and documented
by its board of directors; and (iv) have
its board of directors receive and
review, on an annual or more frequent
basis, an assessment by management of
the effectiveness of the design and
operation of the organization’s incentive
compensation system in providing risk
taking incentives that are consistent
3

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321 + 780 = 1,101.

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Federal Register / Vol. 88, No. 86 / Thursday, May 4, 2023 / Notices
or other forms of information
technology. All comments will become
a matter of public record.

with the organization’s safety and
soundness. There is no change in the
substance or methodology of this
information collection. The change in
burden is due to a decrease in the
estimated number of respondents. The
burden hours decreased by 358 from
4,368 to 4,010.

Federal Deposit Insurance Corporation.
Dated at Washington, DC, on April 28,
2023.
James P. Sheesley,
Assistant Executive Secretary.

Request for Comment

[FR Doc. 2023–09529 Filed 5–3–23; 8:45 am]

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

BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Update to Notice of Financial
Institutions for Which the Federal
Deposit Insurance Corporation Has
Been Appointed Either Receiver,
Liquidator, or Manager
Federal Deposit Insurance
Corporation.
ACTION: Update listing of financial
institutions in liquidation.
AGENCY:

Notice is hereby given that
the Federal Deposit Insurance
Corporation (Corporation) has been
appointed the sole receiver for the
following financial institution effective
as of the Date Closed as indicated in the
listing.

SUMMARY:

This list
(as updated from time to time in the
Federal Register) may be relied upon as
‘‘of record’’ notice that the Corporation
has been appointed receiver for
purposes of the statement of policy
published in the July 2, 1992, issue of
the Federal Register (57 FR 29491). For
further information concerning the
identification of any institutions which
have been placed in liquidation, please
visit the Corporation website at
www.fdic.gov/bank/individual/failed/
banklist.html, or contact the Chief,
Receivership Oversight at [email protected]
or at Division of Resolutions and
Receiverships, FDIC, 600 North Pearl
Street, Suite 700, Dallas, TX 75201.

SUPPLEMENTARY INFORMATION:

INSTITUTIONS IN LIQUIDATION
[In alphabetical order]
FDIC ref. No.

Bank name

City

10543 ..............

First Republic Bank .....................................................................

San Francisco ..........................

Federal Deposit Insurance Corporation.
Dated at Washington, DC, on May 1, 2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023–09528 Filed 5–3–23; 8:45 am]
BILLING CODE 6714–01–P

DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Disease Control and
Prevention
[30Day–23–1027]

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Agency Forms Undergoing Paperwork
Reduction Act Review
In accordance with the Paperwork
Reduction Act of 1995, the Centers for
Disease Control and Prevention (CDC)
has submitted the information
collection request titled ‘‘Generic
Clearance for the Collection of
Qualitative Feedback on Agency Service
Delivery’’ to the Office of Management
and Budget (OMB) for review and
approval. CDC previously published a
‘‘Proposed Data Collection Submitted
for Public Comment and
Recommendations’’ notice on February
6, 2023, to obtain comments from the
public and affected agencies. CDC
received one comment related to the

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previous notice. This notice serves to
allow an additional 30 days for public
and affected agency comments.
CDC will accept all comments for this
proposed information collection project.
The Office of Management and Budget
is particularly interested in comments
that:
(a) Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
(b) Evaluate the accuracy of the
agencies estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
(c) Enhance the quality, utility, and
clarity of the information to be
collected;
(d) Minimize the burden of the
collection of information on those who
are to respond, including, through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses; and
(e) Assess information collection
costs.

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State
CA

Date closed
05/01/2023

To request additional information on
the proposed project or to obtain a copy
of the information collection plan and
instruments, call (404) 639–7570.
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. Direct written
comments and/or suggestions regarding
the items contained in this notice to the
Attention: CDC Desk Officer, Office of
Management and Budget, 725 17th
Street NW, Washington, DC 20503 or by
fax to (202) 395–5806. Provide written
comments within 30 days of notice
publication.
Proposed Project
Generic Clearance for the Collection
of Qualitative Feedback on Agency
Service Delivery (OMB Control No.
0920–1027, Exp. 8/31/2023)—
Extension—National Center for HIV/
AIDS, Viral Hepatitis, STD, and TB
Prevention (NCHHSTP), Centers for
Disease Control and Prevention (CDC).

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