Industrial Banks and Industrial Loan Companies

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
FR2 - 0213 Industrial Banks 89 FR 27763 April 18 2024.pdf	Supplementary Document	Uploaded 2024-04-22	Repair queued
FR1 - 0213 Industrial Banks 89 FR 15872 March 5 2024.pdf	Supplementary Document	Uploaded 2024-04-22	Repair queued
SPST-0213 Industrial Banks and Industrial Loan Companies 2024 Extension.docx	Supporting Statement A	Uploaded 2024-04-22	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
244514	Contingency Plan		Unchanged
244513	Maintain records to assess the risks to the industrial bank and to the DIF		Modified
244512	Annual report on the Covered Company and its subsidiaries, and such other reports as the FDIC may request		Modified
244511	Annual update of listing of all of the company's subsidiaries		Modified
244510	Initial listing of all of the company's subsidiaries		Modified

ICR Details

OMB Control No: 3064-0213	ICR Reference No: 202403-3064-001
Status: Active	Previous ICR Reference No: 202012-3064-002
Agency/Subagency: FDIC	Agency Tracking No:
Title: Industrial Banks and Industrial Loan Companies
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/28/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/22/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2027	36 Months From Approved	05/31/2024
Responses	9	0	17
Time Burden (Hours)	401	0	457
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Deposit Insurance Corporation (FDIC) is requesting approval to establish a new information collection comprised of reporting and recordkeeping requirements contained in a final rulemaking on “Parent Companies of Industrial Banks and Industrial Loan Companies.” The final rule imposes reporting and recordkeeping requirements under the Paperwork Reduction Act for each industrial bank subject to the rule and its Covered Company, as such term is defined in 12 CFR section 354.2.

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Authorizing Statute(s): US Code: 12 USC 1811 et seq. Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 15872	03/05/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 27763	04/18/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

table that charts list of burden

IC Title	Form No.	Form Name
Annual report on the Covered Company and its subsidiaries, and such other reports as the FDIC may request
Annual update of listing of all of the company's subsidiaries
Contingency Plan
Initial listing of all of the company's subsidiaries
Maintain records to assess the risks to the industrial bank and to the DIF

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	9	17	0	0	-8	0
Annual Time Burden (Hours)	401	457	0	0	-56	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 04/22/2024

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