76658 Federal Register / Vol. 85, No. 230 / Monday, November 30, 2020 / Notices 

The Agency reviews the safety 

analyses and the public comments, and 

determines whether granting the 

exemption would likely achieve a level 

of safety equivalent to, or greater than, 

the level that would be achieved by the 

current regulation (49 CFR 381.305). 

The decision of the Agency must be 

published in the Federal Register (49 

CFR 381.315(b)) with the reason for the 

grant or denial, and, if granted, the 

specific person or class of persons 

receiving the exemption, and the 

regulatory provision or provisions from 

which exemption is granted. The notice 

must also specify the effective period of 

the exemption (up to 5 years), and 

explain the terms and conditions of the 

exemption. The exemption may be 

renewed (49 CFR 381.300(b)). 

III. Background 

The Commercial Motor Vehicle Safety 

Act of 1986 (CMVSA) [49 U.S.C. chapter 

313, implemented by 49 CFR part 383] 

was designed to improve highway safety 

by ensuring that truck and bus drivers 

are qualified to drive a commercial 

motor vehicle (CMV). States issue 

drivers’ licenses to CMV operators, but 

the Federal government sets minimum 

requirements for the issuance of a 

commercial driver’s license (CDL). 

Subpart H of part 383 of the FMCSRs 

sets forth the principal requirements 

governing State testing of applicants for 

a CDL. 

On August 1, 2016, FMCSA published 

a notice in the Federal Register 

requesting public comment on 

Minnesota’s application for exemption 

from certain testing requirements in 

§ 383.133 (81 FR 50592). Under 

§ 383.133(c)(6) the CDL skills test must 

be conducted in three parts in the 

following order: pre-trip inspection, 

vehicle control skills, and on-road 

driving. Minnesota asked that it be 

allowed to combine the second and 

third parts (vehicle control skills and 

on-road driving) and thus reduce the 

skills tests to two parts. It also requested 

to be exempted from using the 

American Association of Motor Vehicle 

Administrators (AAMVA) 2005 Test 

Model Score Sheet. Finally, it requested 

to be exempted from the requirement 

that applicants must pass the pre-trip 

inspection portion of the exam before 

proceeding to the balance of the test. 

The Agency received 12 comments. 

Many commenters voiced opposition to 

Minnesota’s request for relief from using 

the AAMVA Score Sheet during testing. 

Most commenters opposed allowing 

Minnesota to shorten the testing to two 

parts and to allow applicants who fail 

the initial portion of the test to proceed 

to the on-road testing. Generally, those 

opposed felt that granting the 

exemptions would compromise the 

standardization of testing among the 

various States. On May 9, 2017, FMCSA 

denied Minnesota’s application for 

exemption for the following reasons: 

• FMCSA opposed allowing a State to 

amend the AAMVA test model score 

sheet, which has been tested and 

validated for use by all States in testing 

prospective CMV drivers. When a CDL 

driver moves to a new State and seeks 

to transfer his or her CDL to that State, 

universal use of the score sheet assures 

the new State that the driver met a 

baseline standard for safety when his or 

her CDL was first issued. 

• FMCSA opposed combining the 

skills test. Under the proposed 

exemption, an individual could pass 

Minnesota’s combined test even though 

he or she has exceeded the maximum 

point deduction allowed when the two 

portions (basic controls or on-the road) 

of the skills test are given separately. 

• FMCSA opposed allowing CDL 

applicants to operate CMVs at highway 

speeds when they have not 

demonstrated the proper handling of the 

vehicle at lower speeds during the basic 

controls test. 

Request for Reconsideration of Agency 

Decision 

Minnesota requests that FMCSA 

reconsider its denial of the exemption 

described. The State asks to be exempt 

from using the AAMVA 2005 Test 

Model Score Sheet and asserts that 

FMCSA’s position is moot because 

Minnesota’s score sheet evaluates the 

same driving skills and contains the 

same inspection elements as the 

AAMVA scoresheet. Details are 

provided in the State’s request for 

reconsideration. 

Minnesota asks that it be allowed to 

combine vehicle control skills and onroad driving and thus have two parts to 

its skills test. Minnesota argues that 

FMCSA’s finding in the denial letter 

does not accurately describe how its 

scoring is applied. 

Finally, Minnesota asks to be 

exempted from the requirement that 

applicants must pass the pre-trip 

inspection portion of the exam before 

proceeding to the balance of the test. 

Minnesota contends that the order in 

which the elements of the CDL test are 

conducted does not result in unsafe 

conditions or the operation of a CMV at 

highway speeds. Minnesota explained 

that exam stations are located in low 

traffic speed residential and downtown 

areas across the State. Once the vehicle 

inspection is completed, drivers travel 

at low speeds per traffic signs to the 

location where backing exercises are 

conducted. The basic controls segment 

consists of backing maneuvers with 

potential pull ups and is performed at 

very low speed. Consequently, drivers 

do not proceed to highway speeds prior 

to completing the basic control skills. 

A copy of FMCSA’s May 9, 2017, 

letter denying Minnesota’s original 

application and of the State’s request for 

reconsideration is in the docket listed at 

the beginning of this notice. 

V. Request for Comments 

In accordance with 49 U.S.C. 

31315(b)(6), FMCSA requests public 

comment from all interested persons on 

Minnesota’s request for reconsideration 

of its application for an exemption. All 

comments received before the close of 

business on the comment closing date 

indicated at the beginning of this notice 

will be considered and will be available 

for examination in the docket at the 

location listed under the ADDRESSES

section of this notice. Comments 

received after the comment closing date 

will be filed in the public docket and 

will be considered to the extent 

practicable. In addition to late 

comments, FMCSA will also continue to 

file, in the public docket, relevant 

information that becomes available after 

the comment closing date. Interested 

persons should continue to examine the 

public docket for new material. 

Larry W. Minor, 

Associate Administrator for Policy. 

[FR Doc. 2020–26353 Filed 11–27–20; 8:45 am] 

BILLING CODE 4910–EX–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

FEDERAL RESERVE SYSTEM 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury; Board of 

Governors of the Federal Reserve 

System (Board); and Federal Deposit 

Insurance Corporation (FDIC). 

ACTION: Joint notice and request for 

comment. 

SUMMARY: In accordance with the 

requirements of the Paperwork 

Reduction Act of 1995 (PRA), the OCC, 

the Board, and the FDIC (the agencies) 

may not conduct or sponsor, and the 

respondent is not required to respond 


TKELLEY on DSKBCP9HB2PROD with NOTICES
Federal Register / Vol. 85, No. 230 / Monday, November 30, 2020 / Notices 76659 

to, an information collection unless it 

displays a currently valid Office of 

Management and Budget (OMB) control 

number. The Federal Financial 

Institutions Examination Council 

(FFIEC), of which the agencies are 

members, has approved the agencies’ 

publication for public comment of a 

proposal to revise and extend the 

Consolidated Reports of Condition and 

Income (Call Reports) (FFIEC 031, 

FFIEC 041, and FFIEC 051), which are 

currently approved collections of 

information. The agencies are requesting 

comment on an adjustment to the 

measurement date for certain total asset 

thresholds that trigger additional 

reporting requirements in the Call 

Reports for report dates in 2021 only 

due to institution asset growth in 2020 

related to participation in various 

coronavirus disease 2019 (COVID–19) 

related stimulus activities. 

DATES: Comments must be submitted on 

or before January 29, 2021. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

any or all of the agencies. All comments, 

which should refer to the ‘‘Call Report 

Reporting Revisions,’’ will be shared 

among the agencies. 

OCC: You may submit comments, 

which should refer to ‘‘Call Report 

Reporting Revisions,’’ by any of the 

following methods: 

• Email: prainfo@occ.treas.gov. 

• Mail: Chief Counsel’s Office, Office 

of the Comptroller of the Currency, 

Attention: 1557–0081, 400 7th Street 

SW, Suite 3E–218, Washington, DC 

20219. 

• Hand Delivery/Courier: 400 7th 

Street SW, Suite 3E–218, Washington, 

DC 20219. 

• Fax: (571) 465–4326. 

Instructions: You must include 

‘‘OCC’’ as the agency name and ‘‘1557– 

0081’’ in your comment. In general, the 

OCC will publish comments on 

www.reginfo.gov without change, 

including any business or personal 

information provided, such as name and 

address information, email addresses, or 

phone numbers. Comments received, 

including attachments and other 

supporting materials, are part of the 

public record and subject to public 

disclosure. Do not include any 

information in your comment or 

supporting materials that you consider 

confidential or inappropriate for public 

disclosure. 

You may review comments and other 

related materials that pertain to this 

information collection beginning on the 

date of publication of the second notice 

for this collection by the following 

method: 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Click on the 

‘‘Information Collection Review’’ tab. 

Underneath the ‘‘Currently under 

Review’’ section heading, from the dropdown menu select ‘‘Department of 

Treasury’’ and then click ‘‘submit.’’ This 

information collection can be located by 

searching by OMB control number 

‘‘1557–0081.’’ Upon finding the 

appropriate information collection, click 

on the related ‘‘ICR Reference Number.’’ 

On the next screen, select ‘‘View 

Supporting Statement and Other 

Documents’’ and then click on the link 

to any comment listed at the bottom of 

the screen. 

• For assistance in navigating 

www.reginfo.gov, please contact the 

Regulatory Information Service Center 

at (202) 482–7340. 

Board: You may submit comments, 

which should refer to ‘‘Call Report 

Reporting Revisions,’’ by any of the 

following methods: 

• Agency website: http://

www.federalreserve.gov. Follow the 

instructions for submitting comments at: 

http://www.federalreserve.gov/ 

generalinfo/foia/ProposedRegs.cfm. 

• Email: regs.comments@

federalreserve.gov. Include ‘‘Call Report 

Reporting Revisions’’ 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 on 

the Board’s website at https://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx as submitted, unless 

modified for technical reasons. 

Accordingly, your comments will not be 

edited to remove any identifying or 

contact information. 

FDIC: You may submit comments, 

which should refer to ‘‘Call Report 

Reporting Revisions,’’ by any of the 

following methods: 

• Agency Website: https://

www.fdic.gov/regulations/laws/federal/. 

Follow the instructions for submitting 

comments on the FDIC’s website. 

• Federal eRulemaking Portal: 

https://www.regulations.gov. Follow the 

instructions for submitting comments. 

• Email: comments@FDIC.gov. 

Include ‘‘Call Report Reporting 

Revisions’’ in the subject line of the 

message. 

• Mail: Manuel E. Cabeza, Counsel, 

Attn: Comments, Room 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 550 17th Street Building 

(located on F Street) on business days 

between 7:00 a.m. and 5:00 p.m. 

• Public Inspection: All comments 

received will be posted without change 

to https://www.fdic.gov/regulations/ 

laws/federal/ including any personal 

information provided. Paper copies of 

public comments may be requested from 

the FDIC Public Information Center by 

telephone at (877) 275–3342 or (703) 

562–2200. 

Additionally, commenters may send a 

copy of their comments to the OMB 

desk officers for the agencies by mail to 

the Office of Information and Regulatory 

Affairs, U.S. Office of Management and 

Budget, New Executive Office Building, 

Room 10235, 725 17th Street NW, 

Washington, DC 20503; by fax to (202) 

395–6974; or by email to oira_

submission@omb.eop.gov. 

FOR FURTHER INFORMATION CONTACT: For 

further information about the proposed 

revisions to the information collections 

discussed in this notice, please contact 

any of the agency staff whose names 

appear below. In addition, copies of the 

report forms for the Call Reports can be 

obtained at the FFIEC’s website (https:// 

www.ffiec.gov/ffiec_report_forms.htm). 

OCC: Kevin Korzeniewski, Counsel, 

Chief Counsel’s Office, (202) 649–5490. 

Board: Nuha Elmaghrabi, Federal 

Reserve Board Clearance Officer, (202) 

452–3884, Office of the Chief Data 

Officer, Board of Governors of the 

Federal Reserve System, 20th and C 

Streets NW, Washington, DC 20551. 

Telecommunications Device for the Deaf 

(TDD) users may call (202) 263–4869. 

FDIC: Manuel E. Cabeza, Counsel, 

(202) 898–3767, Legal Division, Federal 

Deposit Insurance Corporation, 550 17th 

Street NW, Washington, DC 20429. 

SUPPLEMENTARY INFORMATION: 

I. Report Summary 

The agencies propose to extend for 

three years, with revision, the FFIEC 

031, FFIEC 041, and FFIEC 051 Call 

Reports. 

Report Title: Consolidated Reports of 

Condition and Income (Call Report). 

Form Number: FFIEC 031 

(Consolidated Reports of Condition and 

Income for a Bank with Domestic and 

Foreign Offices), FFIEC 041 

(Consolidated Reports of Condition and 

Income for a Bank with Domestic 

Offices Only), and FFIEC 051 

(Consolidated Reports of Condition and 

Income for a Bank with Domestic 

Offices Only and Total Assets Less Than 

$5 Billion). 

Frequency of Response: Quarterly. 


TKELLEY on DSKBCP9HB2PROD with NOTICES
76660 Federal Register / Vol. 85, No. 230 / Monday, November 30, 2020 / Notices 

1Public Law 116–136. 

Affected Public: Business or other forprofit. 

Type of Review: Revision and 

extension of currently approved 

collections. 

OCC: 

OMB Control No.: 1557–0081. 

Estimated Number of Respondents: 

1,111 national banks and federal savings 

associations. 

Estimated Average Burden per 

Response: 41.92 burden hours per 

quarter to file. 

Estimated Total Annual Burden: 

186,292 burden hours to file. 

Board: 

OMB Control No.: 7100–0036. 

Estimated Number of Respondents: 

739 state member banks. 

Estimated Average Burden per 

Response: 45.40 burden hours per 

quarter to file. 

Estimated Total Annual Burden: 

134,202 burden hours to file. 

FDIC: 

OMB Control No.: 3064–0052. 

Estimated Number of Respondents: 

3,263 insured state nonmember banks 

and state savings associations. 

Estimated Average Burden per 

Response: 39.96 burden hours per 

quarter to file. 

Estimated Total Annual Burden: 

521,558 burden hours to file. 

The estimated average burden hours 

collectively reflect the estimates for the 

FFIEC 031, the FFIEC 041, and the 

FFIEC 051 reports for each agency. 

When the estimates are calculated by 

type of report across the agencies, the 

estimated average burden hours per 

quarter are 85.81 (FFIEC 031), 55.20 

(FFIEC 041), and 35.27 (FFIEC 051). The 

agencies believe the change to the 

measurement date for the total asset 

thresholds used to determine additional 

reporting requirements for report dates 

in 2021 only that is proposed in this 

notice will not result in a change in the 

burden estimates currently approved by 

OMB. These estimates do not include 

increases in burden for report dates in 

2021 that would have resulted from 

institutions growing above asset 

thresholds within the Call Report 

because these institutions would now be 

afforded threshold relief. Instead, the 

agencies periodically reevaluate their 

burden estimates based on the data 

items that are regularly completed by 

institutions. Therefore, the burden 

estimates for these reports would 

remain the same if these revisions are 

finalized. The estimated burden per 

response for the quarterly filings of the 

Call Report is an average that varies by 

agency because of differences in the 

composition of the institutions under 

each agency’s supervision (e.g., size 

distribution of institutions, types of 

activities in which they are engaged, 

and existence of foreign offices). 

Type of Review: Extension and 

revision of currently approved 

collections. 

Legal Basis and Need for Collections 

The Call Report information 

collections are mandatory: 12 U.S.C. 161 

(national banks), 12 U.S.C. 324 (state 

member banks), 12 U.S.C. 1817 (insured 

state nonmember commercial and 

savings banks), and 12 U.S.C. 1464 

(federal and state savings associations). 

At present, except for selected data 

items and text, these information 

collections are not given confidential 

treatment. 

Banks and savings associations 

submit Call Report data to the agencies 

each quarter for the agencies’ use in 

monitoring the condition, performance, 

and risk profile of individual 

institutions and the industry as a whole. 

Call Report data serve a regulatory or 

public policy purpose by assisting the 

agencies in fulfilling their shared 

missions of ensuring the safety and 

soundness of financial institutions and 

the financial system and protecting 

consumer financial rights, as well as 

agency-specific missions affecting 

national and state-chartered institutions, 

such as conducting monetary policy, 

ensuring financial stability, and 

administering federal deposit insurance. 

Call Reports are the source of the most 

current statistical data available for 

identifying areas of focus for on-site and 

off-site examinations. Among other 

purposes, the agencies use Call Report 

data in evaluating institutions’ corporate 

applications, including interstate merger 

and acquisition applications for which 

the agencies are required by law to 

determine whether the resulting 

institution would control more than 10 

percent of the total amount of deposits 

of insured depository institutions in the 

United States. Call Report data also are 

used to calculate institutions’ deposit 

insurance assessments and national 

banks’ and federal savings associations’ 

semiannual assessment fees. 

II. Current Action 

During 2020, relief measures enacted 

by Congress through the Coronavirus 

Aid, Relief, and Economic Security Act 

(CARES Act) 1 in response to the strains 

on the U.S. economy and disruptions to 

the financial markets as a result of 

COVID–19 have led to unprecedented 

growth at many institutions, including 

loans made through the Paycheck 

Protection Program (PPP). This rapid 

growth has caused the assets of some 

institutions to rise above certain assetbased thresholds, and may cause other 

community institutions to do so in the 

near future. Much of this growth, 

especially growth related to PPP 

lending, is likely to be temporary, and 

the increase in assets currently held by 

an institution may not reflect a change 

in the institution’s longer-term risk 

profile. 

The Call Report contains various total 

asset thresholds that are measured 

annually as of the June 30 report date 

and trigger additional reporting 

requirements once crossed, generally 

starting with the Call Reports for the 

first calendar quarter of the next 

calendar year. These thresholds include 

the $100 million, $300 million, $1 

billion, $5 billion, and $10 billion in 

total asset threshold within the Call 

Reports. The agencies are particularly 

focused on these total asset thresholds 

set at $10 billion or less, as these 

thresholds could impact a significant 

number of smaller community 

institutions. These institutions may 

have fewer resources to implement 

systems changes and incur transition 

costs to comply with the additional 

reporting requirements associated with 

crossing one of those thresholds. 

Many community institutions may 

have unexpectedly crossed these total 

asset thresholds during 2020 due to 

participation in CARES Act relief 

programs or other COVID–19-related 

stimulus activities, which would 

otherwise trigger additional reporting 

obligations starting in calendar year 

2021. The agencies expect some of these 

institutions may fall below the relevant 

total asset threshold as of June 30, 2021, 

for example, after forgiveness of PPP 

loans and redemption of borrowings 

obtained through the Board’s PPP 

liquidity facility. The agencies do not 

want to create a short-term increase in 

burden on these community institutions 

to comply with the additional reporting 

for a single year. For community 

institutions that remain above a total 

asset threshold as of the June 30, 2021, 

measurement date, the one-year 

reporting relief the agencies propose 

below would assist those institutions in 

focusing on COVID–19-related stimulus 

activities in the near term while 

providing additional time to comply 

with any additional reporting 

requirements starting in 2022 rather 

than 2021. 

The agencies are not proposing to 

permit an alternate measurement date 

for larger total asset thresholds within 

the Call Reports, as the additional data 

items required at higher total assets 


TKELLEY on DSKBCP9HB2PROD with NOTICES
Federal Register / Vol. 85, No. 230 / Monday, November 30, 2020 / Notices 76661 

2See definition of covered depository institutions. 

12 CFR 52.2 (OCC); 12 CFR 208.121 (Board); 12 CFR 

304.12 (FDIC). 

3https://www.fdic.gov/news/press-releases/2020/ 

pr20127.html. 

4See 12 CFR 3.12 (OCC); 12 CFR 217.12 (Board); 

12 CFR 324.12 (FDIC). 

5https://www.fdic.gov/news/press-releases/2020/ 

pr20127.html. 

6These same items also have a 5 percent activity 

threshold for institutions with less than $300 

million in total consolidated assets. For these items, 

an institution would measure the 5 percent 

threshold as of the same date as of which it 

measures total consolidated assets. 

thresholds have increased relevance for 

agency supervisory monitoring. The 

agencies also are not proposing to 

permit an alternate measurement date 

for other asset thresholds tied to specific 

activities, such as thresholds based on 

trading assets, mortgage banking 

activities, or securitization activities, as 

levels of these activities generally would 

not be impacted by an institution’s 

participation in various COVID–19- 

related stimulus activities. 

A. FFIEC 051 Eligibility 

The agencies have adopted rules 

establishing criteria for eligibility to use 

the FFIEC 051 Call Report.2 The current 

Call Report instructions permit an 

institution to file the FFIEC 051 version 

of the Call Report if it meets certain 

criteria consistent with those rules. One 

criterion is that an institution must have 

total consolidated assets of $5 billion or 

less in its Call Report as of June 30, 

2020, when evaluating eligibility to use 

the FFIEC 051 for report dates in 

calendar year 2021. Due to the asset 

growth considerations discussed above, 

the agencies have revised their rules on 

FFIEC 051 eligibility 3 and are proposing 

to temporarily revise the instructions for 

the FFIEC 051 to permit an institution 

to use the lesser of the total 

consolidated assets reported in its Call 

Report as of December 31, 2019, or June 

30, 2020, when evaluating eligibility to 

use the FFIEC 051 for report dates in 

calendar year 2021. An institution must 

still meet the other criteria for eligibility 

for the FFIEC 051 in the Call Report 

instructions. The banking agencies also 

reserve the right to require an institution 

otherwise eligible to use the FFIEC 051 

to file the FFIEC 041 instead based on 

supervisory needs. The agencies are 

proposing this relief for calendar year 

2021 only. An institution would be 

required to use the total consolidated 

assets it reports in its Call Report as of 

June 30, 2021, when determining 

eligibility to use the FFIEC 051 in 

calendar year 2022, consistent with the 

existing instructions for the FFIEC 051. 

B. Community Bank Leverage Ratio 

Eligibility 

The agencies also have adopted rules 

permitting institutions that meet certain 

criteria to use the community bank 

leverage ratio (CBLR) framework to 

measure their regulatory capital.4 The 

agencies have revised these rules 5 to 

allow institutions that temporarily 

exceed the $10 billion total asset 

threshold in those rules to use the CBLR 

framework from December 31, 2020, to 

December 31, 2021, provided they meet 

the other qualifying criteria for this 

framework. Institutions that elect to use 

the CBLR framework under this 

temporary relief would report CBLR 

information in Call Report Schedule 

RC–R, Part I, except that item 32 (Total 

assets) on that schedule should reflect 

the lesser of the institution’s total assets 

as of December 31, 2019, or as of the 

quarter-end report date. 

C. Call Report Data Item Thresholds 

All three versions of the Call Report 

also include total asset thresholds for 

reporting certain additional data items. 

Reporting of these data items in a given 

calendar year is determined based on 

whether an institution has crossed the 

total asset threshold based on the total 

consolidated assets reported as of June 

30 of the prior year. For the reasons 

described above, the agencies propose to 

permit an institution to use the lesser of 

the total consolidated assets reported in 

its Call Report as of December 31, 2019, 

or June 30, 2020, when determining 

whether the institution has crossed a 

total asset threshold to report additional 

data items in its Call Reports for report 

dates in calendar year 2021. The 

agencies are proposing this relief for 

calendar year 2021 only. An institution 

would be required to use the total 

consolidated assets reported in its Call 

Report as of June 30, 2021, when 

determining whether it must complete 

any additional items subject to the total 

asset threshold in calendar year 2022. 

As noted above, the regulatory reporting 

burden relief is limited to community 

institutions with total asset thresholds 

up to $10 billion, as these thresholds are 

most relevant for community 

institutions. 

The Call Report total asset thresholds 

that would be impacted by this 

proposed change in measurement date 

are: 

• For the FFIEC 041 and FFIEC 051 

only, the $100 million threshold to 

report ‘‘Other borrowed money’’ in 

Schedule RC–K, item 13. 

• For the FFIEC 041 and FFIEC 051 

only, the $300 million threshold 6 to 

report additional agricultural lending 

information in Schedule RI, 

Memorandum item 6; Schedule RI–B, 

Part I, Memorandum item 3; Schedule 

RC–C, Memorandum item 1.f.(5); 

Schedule RC–K, Memorandum item 1; 

and Schedule RC–N, Memorandum 

items 1.f.(5) and 4. 

• For the FFIEC 031 and FFIEC 041 

only, the $300 million threshold to 

report certain information on credit card 

lines in Schedule RC–L, items 1.b.(1) 

and (2). 

• For the FFIEC 041 only, the $300 

million threshold to report cash and 

balances due from depository 

institutions in Schedule RC–A; certain 

derivatives information in Schedule RI, 

Memorandum item 10, and Schedule 

RC–N, Memorandum item 6; and certain 

additional loan information in Schedule 

RI–B, Part I, Memorandum items 2.a, 

2.c, and 2.d; Schedule RC–C, Part I, 

items 2.a, 2.b, 2.c, 4.a, 4.b, 9.b.(1), 

9.b.(2), 10.a, and 10.b, column A; 

Schedule RC–C, Part I, Memorandum 

items 1.e.(1), 1.e.(2), and 5; and 

Schedule RC–N, Memorandum items 

1.e.(1), 1.e.(2), and 3.a through 3.d. 

• The $1 billion threshold to report 

components of deposit fee income in 

Schedule RI, Memorandum items 15.a 

through 15.d; disaggregated credit loss 

allowance data in Schedule RI–C; 

components of transaction and 

nontransaction savings consumer 

deposit account products in Schedule 

RC–E, Memorandum items 6.a, 6.b, 

7.a.(1), 7.a.(2), 7.b.(1), and 7.b.(2); and 

estimated uninsured deposits in 

Schedule RC–O, Memorandum item 2. 

• For the FFIEC 031 and FFIEC 041 

only, the $1 billion threshold to report 

information on certain income from 

mutual funds and annuities in Schedule 

RI, Memorandum item 2; and financial 

and performance standby letters of 

credit conveyed to others in Schedule 

RC–L, items 2.a and 3.a. 

• For the FFIEC 031 and FFIEC 041 

only, the $10 billion threshold to report 

additional information on derivatives in 

Schedule RI, Memorandum items 9.a 

and 9.b, and Schedule RC–L, items 16.a 

and 16.b.(1) through 16.b.(8); holdings 

of asset-backed securities and structured 

financial products in Schedule RC–B, 

Memorandum items 5.a through 5.f and 

6.a through 6.g; and securitizations in 

Schedule RC–S, items 6 and 10, and 

Memorandum items 3.a.(1), 3.a.(2), 

3.b.(1), and 3.b.(2). 

• For the FFIEC 031 only, the $10 

billion threshold to report additional 

information on deposits in foreign 

offices in Schedule RC–E, Part II. 


TKELLEY on DSKBCP9HB2PROD with NOTICES
76662 Federal Register / Vol. 85, No. 230 / Monday, November 30, 2020 / Notices 

III. Request for Comment 

Public comment is requested on all 

aspects of this joint notice. Comment is 

specifically invited on: 

(a) Whether the proposed revisions to 

the collections of information that are 

the subject of this notice are necessary 

for the proper performance of the 

agencies’ functions, including whether 

the information has practical utility; 

(b) The accuracy of the agencies’ 

estimates of the burden of the 

information collections as they are 

proposed to be revised, including the 

validity of the methodology and 

assumptions used; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

information collections on respondents, 

including through the use of automated 

collection techniques or other forms of 

information technology; and 

(e) Estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Comments submitted in response to 

this joint notice will be shared among 

the agencies. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

Board of Governors of the Federal Reserve 

System. 

Michelle Taylor Fennell, 

Deputy Associate Secretary of the Board. 

Dated at Washington, DC, on or about 

November 24, 2020. 

Federal Deposit Insurance Corporation. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2020–26388 Filed 11–27–20; 8:45 am] 

BILLING CODE 4810–33– 6210–01– 6714–01–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Financial 

Crimes Enforcement Network Due 

Diligence Programs for Correspondent 

Accounts for Foreign Financial 

Institutions and Private Banking 

Accounts 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury will submit the following 

information collection requests to the 

Office of Management and Budget 

(OMB) for review and clearance in 

accordance with the Paperwork 

Reduction Act of 1995, on or after the 

date of publication of this notice. The 

public is invited to submit comments on 

these requests. 

DATES: Comments should be received on 

or before December 30, 2020 to be 

assured of consideration. 

ADDRESSES: 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: 

Copies of the submissions may be 

obtained from Molly Stasko by emailing 

PRA@treasury.gov, calling (202) 622– 

8922, or viewing the entire information 

collection request at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Financial Crimes Enforcement Network 

(FinCEN) 

1. Title: Due diligence programs for 

correspondent accounts for foreign 

financial institutions and private 

banking accounts (31 CFR 1010.610 and 

31 CFR 1010.620). 

OMB Control Number: 1506–0046. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Description: The legislative 

framework generally referred to as the 

Bank Secrecy Act (BSA) consists of the 

Currency and Financial Transactions 

Reporting Act of 1970, as amended by 

the Uniting and Strengthening America 

by Providing Appropriate Tools 

Required to Intercept and Obstruct 

Terrorism Act of 2001 (USA PATRIOT 

Act) (Pub. L. 107–56) and other 

legislation. The BSA is codified at 12 

U.S.C. 1829b, 12 U.S.C. 1951–1959, 31 

U.S.C. 5311–5314 and 5316–5332, and 

notes thereto, with implementing 

regulations at 31 CFR Chapter X. 

The BSA authorizes the Secretary of 

the Treasury, inter alia, to require 

financial institutions to keep records 

and file reports that are determined to 

have a high degree of usefulness in 

criminal, tax, and regulatory matters, or 

in the conduct of intelligence or 

counter-intelligence activities, to protect 

against international terrorism, and to 

implement anti-money laundering 

(AML) programs and compliance 

procedures. Regulations implementing 

Title II of the BSA appear at 31 CFR 

chapter X. The authority of the 

Secretary to administer the BSA has 

been delegated to the Director of 

FinCEN. 

Section 312 of the USA PATRIOT Act 

added subsection (h) to 31 U.S.C. 5318 

of the BSA. Section 312 mandates that 

each financial institution that 

establishes, maintains, administers, or 

manages a correspondent account or a 

private banking account in the United 

States for non-U.S. persons subject such 

accounts to certain anti-money 

laundering compliance measures. In 

particular, a financial institution must 

establish appropriate, specific, and, 

where necessary, enhanced, due 

diligence (EDD) or enhanced scrutiny 

policies, procedures, and controls that 

are reasonably designed to detect and 

report instances of money laundering 

through those accounts. The regulations 

implementing the due diligence 

requirements for maintaining foreign 

correspondent accounts and private 

banking accounts are found at 31 CFR 

1010.610 and 31 CFR 1010.620, 

respectively, and apply to covered 

financial institutions defined as banks, 

brokers or dealers in securities, futures 

commission merchants, introducing 

brokers in commodities, and mutual 

funds. 

Form: Not applicable. 

Affected Public: Businesses or other 

for-profit institutions; Not-for-profit 

institutions. 

Estimated Number of Respondents: 

16,938. 

Frequency of Response: As required. 

Estimated Total Number of Annual 

Responses: 16,938. 

Estimated Time per Response: 2 

hours. 

Estimated Total Annual Burden 

Hours: 33,876 hours. 

(Authority: 44 U.S.C. 3501 et seq.) 

Dated: November 23, 2020. 

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2020–26286 Filed 11–27–20; 8:45 am] 

BILLING CODE 4810–02–P 

UNIFIED CARRIER REGISTRATION 

PLAN 

Sunshine Act Meeting Notice; Unified 

Carrier Registration Plan Board 

Subcommittee Meeting 

TIME AND DATE: December 3, 2020, from 

Noon to 2 p.m., Eastern time. 

PLACE: This meeting will be accessible 

via conference call and via Zoom 

Meeting and Screenshare. Any 

interested person may call (i) 1–929– 

205–6099 (US Toll) or 1–669–900–6833 

(US Toll) or (ii) 1–877–853–5247 (US 

Toll Free) or 1–888–788–0099 (US Toll 

Free), Meeting ID: 965 1818 4622, to 

listen and participate in this meeting. 


TKELLEY on DSKBCP9HB2PROD with NOTICES