9068 Federal Register / Vol. 86, No. 27 / Thursday, February 11, 2021 / Notices 

1 12 CFR part 370. 

(3) the location of the device; and (4) the 

date of initial operation. Otherwise, the 

Commission permits providers to 

develop their own registration systems 

to facilitate provider control and 

interference resolution, providers 

should collect only such information 

that is reasonably related to achieving 

these dual goals. Wireless providers 

may determine how to collect such 

information and how to keep it up-todate. Section 90.219(d)(5)—This rule 

requires operators of Part 90 Class B 

signal boosters to register these devices 

in a searchable on-line database that 

will be maintained and operated by the 

Wireless Telecommunications Bureau 

via delegated authority from the 

Commission. The Commission believes 

this will be a valuable tool to resolve 

interference should it occur. 

Certification Requirements: Sections 

20.3, 20.21(e)(2), 20.21(e)(8)(i)(G), 

20.21(e)(9)(i)(H), 90.203—These rules, 

in conjunction with the R&O, require 

that signal booster manufacturers 

demonstrate that they meet the new 

technical specifications using the 

existing and unchanged equipment 

authorization application, including 

submitting a technical document with 

the application for FCC equipment 

authorization that shows compliance of 

all antennas, cables and/or coupling 

devices with the requirements of 

§ 20.21(e). The R&O further provides 

that manufacturers must make certain 

certifications when applying for device 

certification. Manufacturers must 

provide an explanation of all measures 

taken to ensure that the technical 

safeguards designed to inhibit harmful 

interference and protect wireless 

networks cannot be deactivated by the 

user. The R&O requires that 

manufacturers of Provider-Specific 

Consumer Signal Boosters may only be 

certificated with the consent of the 

licensee so the manufacturer must 

certify that it has obtained such consent 

as part of the equipment certification 

process. The R&O also requires that if a 

manufacturer claims that a device will 

not affect E911 communications, the 

manufacturer must certify this claim 

during the equipment certification 

process. Note: The ‘‘application for 

equipment’’ certification requirements 

are met under OMB Control Number 

3060–0057, FCC Form 731. 

Antenna Kitting Documentation 

Requirement: Sections 20.21(e)(8)(i)(G), 

20.21(e)(9)(i)(H)—The rules require that 

all consumer boosters must be sold with 

user manuals specifying all antennas 

and cables that meet the requirements of 

this section. Part 90 Licensee Consent 

Documentation Requirement: Section 

90.219(b)(1)(i)—This rule requires that 

non-licensees seeking to operate part 90 

signal boosters must obtain the express 

consent of the licensee(s) of the 

frequencies for which the device or 

system is intended to amplify. The rules 

further require that such consent must 

be maintained in a recordable format 

that can be presented to a FCC 

representative or other relevant licensee 

investigating interference. 

Cross-reference to Other Rule Parts: 

Sections 22.9, 24.9, and 27.9— 

Operation of a consumer signal booster 

under Parts 22, 24, and 27 of the 

Commission’s rules must also comply 

with section 20.21 of the Commission’s 

rules, including all relevant information 

collections. 

Federal Communications Commission. 

Marlene Dortch, 

Secretary, Office of the Secretary. 

[FR Doc. 2021–02771 Filed 2–10–21; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Notice of the FDIC’s Response to 

Exception Requests Pursuant to 

Recordkeeping for Timely Deposit 

Insurance Determination 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notice of the FDIC’s response to 

exception requests pursuant to the 

Recordkeeping for Timely Deposit 

Insurance Determination rule. 

SUMMARY: In accordance with its rule 

regarding recordkeeping for timely 

deposit insurance determination, the 

FDIC is providing notice that it has 

granted time-limited exception relief to 

covered institutions from: The 

information technology system and 

recordkeeping requirements applicable 

to certain formal revocable and 

irrevocable trust accounts; the 

information technology system 

requirements, general recordkeeping 

requirements, and alternative 

recordkeeping requirements applicable 

to certain deposit accounts for which 

the covered institution must perform 

data clean up to assign an appropriate 

ownership right and capacity code to 

the subject accounts and related system 

updates; the information technology 

system requirements and general 

recordkeeping requirements to certain 

internal (work-in-process) deposit 

accounts for which the covered 

institution’s information technology 

system is not yet capable of calculating 

deposit insurance within 24 hours after 

the appointment of the FDIC as receiver; 

and the information technology system 

requirements, general recordkeeping 

requirements, and alternative 

recordkeeping requirements for a 

limited number of deposit accounts held 

in the covered institution’s trust 

department, which acts in an agency or 

fiduciary capacity. 

DATES: The FDIC’s grants of exception 

relief were effective as of February 3, 

2021. 

FOR FURTHER INFORMATION CONTACT: 

Benjamin Schneider, Section Chief, 

Division of Complex Institution 

Supervision and Resolution; 

beschneider@fdic.gov; 917–320–2534. 

SUPPLEMENTARY INFORMATION: The FDIC 

granted two time-limited exception 

requests to multiple covered institutions 

and three time-limited exception 

requests to a covered institution 

pursuant to the FDIC’s rule entitled 

‘‘Recordkeeping for Timely Deposit 

Insurance Determination,’’ codified at 

12 CFR part 370 (part 370).1 Part 370 

generally requires covered institutions 

to implement the information 

technology system and recordkeeping 

capabilities needed to quickly calculate 

the amount of deposit insurance 

coverage available for each deposit 

account in the event of failure. Pursuant 

to § 370.8(b)(1), one or more covered 

institutions may submit a request in the 

form of a letter to the FDIC for an 

exception from one or more of the 

requirements of part 370 if 

circumstances exist that would make it 

impracticable or overly burdensome to 

meet those requirements. Pursuant to 

§ 370.8(b)(3), a covered institution may 

rely upon another covered institution’s 

exception request which the FDIC has 

previously granted by notifying the 

FDIC that it will invoke relief from 

certain part 370 requirements and 

demonstrating that the covered 

institution has substantially similar 

facts and circumstances to those of the 

covered institution that has already 

received the FDIC’s approval. The 

notification letter must also include the 

information required under § 370.8(b)(1) 

and cite the applicable notice published 

pursuant to § 370.8(b)(2). Unless 

informed otherwise by the FDIC within 

120 days after the FDIC’s receipt of a 

complete notification for exception, the 

exception will be deemed granted 

subject to the same conditions set forth 

in the FDIC’s published notice. 

These grants of relief will be subject 

to ongoing FDIC review, analysis, and 

verification during the FDIC’s routine 

part 370 compliance tests. The FDIC 

presumes each covered institution is 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 86, No. 27 / Thursday, February 11, 2021 / Notices 9069 

meeting all the requirements set forth in 

the Rule unless relief has otherwise 

been granted. These grants of relief may 

be rescinded or modified upon: 

Discovery of misrepresentation; material 

change of circumstances or conditions 

related to the subject accounts; or failure 

to satisfy conditions applicable to each. 

The following exceptions were granted 

by the FDIC as of February 3, 2021. 

I. Certain Formal Revocable and 

Irrevocable Trust Accounts With 

Transactional Features for Which the 

Covered Institution Must Maintain a 

Unique Identifier for a Grantor in its 

Deposit Account Records 

The FDIC granted time-limited 

exception relief from the information 

technology system requirements set 

forth in § 370.3 and certain 

recordkeeping requirements set forth in 

§ 370.4(b)(2) of the rule to two covered 

institutions for up to 18 months from 

their compliance date. These covered 

institutions requested exception relief in 

order to review records, perform 

customer outreach where necessary, and 

update recordkeeping and information 

technology systems in order to maintain 

a unique identifier of a grantor in the 

deposit account records for a limited 

number of deposit accounts held in 

connection with a formal revocable or 

irrevocable trust that would be insured 

as described in 12 CFR 330.10 or 12 CFR 

330.13. 

These covered institutions 

represented that they had not 

maintained a unique identifier (which 

may be, but is not required to be, a 

government issued identification 

number such as a social security 

number or tax identification number) for 

a grantor of a formal trust with 

transactional features in its records for 

the subject accounts. The covered 

institutions believe that they can obtain 

the information needed to maintain a 

unique identifier for such a grantor 

through a review of trust-related 

documents and customer outreach, but 

that information technology system 

updates are also necessary to ensure a 

unique identifier for each grantor can be 

maintained in deposit account records. 

In connection with the FDIC’s grants 

of relief, these covered institutions have 

represented that they will maintain the 

capability to place holds on the deposit 

accounts subject to the exception in the 

event of failure until a deposit insurance 

determination can be made and place all 

such accounts into the pending file of 

its part 370 output files during the relief 

period. As conditions of relief, these 

covered institutions must submit a 

status report to part370@fdic.gov at the 

midpoint of the exception relief period 

and immediately bring to the FDIC’s 

attention any change of circumstances 

or conditions. 

II. Certain Deposit Accounts for Which 

the Covered Institution’s Information 

Technology System Is Not Capable of 

Completing Deposit Insurance 

Calculation Process Because Additional 

Time Is Required for Data Cleanup To 

Assign an Ownership, Right and 

Capacity Code and for Related System 

Updates 

The FDIC granted time-limited 

exception relief from the information 

technology system requirements set 

forth in § 370.3, general recordkeeping 

requirements set forth in § 370.4(a), and 

alternative recordkeeping requirements 

set forth in § 370.4(b) of the rule to a 

covered institution for up to 12 months 

from the granted relief date. The 

covered institution requested exception 

relief to perform data cleanup of 

account records, make system updates, 

and assign ownership, right and 

capacity codes to a limited number of 

various deposit accounts. These data 

cleanup and system update efforts are 

needed so that the covered institution’s 

deposit account records and part 370- 

compliant information technology 

system capabilities can be used to 

calculate deposit insurance for the 

subject accounts. 

The covered institution has identified 

data quality issues that led to 

inappropriate ownership, right and 

capacity codes being assigned to various 

deposit accounts. Data quality issues 

included inappropriate ownership, right 

and capacity codes being assigned to the 

subject accounts due to system logic 

misidentifying keywords in account 

titles. For example, a single account 

opened by ‘James Bond’ might be 

assigned the public bond account 

ownership right and capacity code of 

PBA. In other instances, a limited 

number of accounts were not assigned 

an ownership right and capacity code 

due to unclear account titling, 

insufficient records, and general data 

quality issues. 

The covered institution requested 

time-limited relief to review records, 

assign the appropriate ownership right 

and capacity code, and ensure its 

systems can calculate deposit insurance 

for the subject accounts. In addition, the 

covered institution represented that it 

will be able to identify the applicable 

ownership right and capacity code upon 

the completion of remediation efforts for 

the majority of accounts. 

In connection with the FDIC’s grant of 

relief, the covered institution will 

investigate the reason accounts were 

placed into the pending file of the 

covered institution’s part 370 output 

files, review account records, write new 

system logic to ensure the applicable 

ownership right and capacity code is 

applied to the subject accounts, and, in 

the event of its failure, ensure that holds 

can be placed on all deposit accounts 

subject to this time-limited exception 

relief until sufficient information is 

obtained to enable calculation of deposit 

insurance coverage. As conditions of 

relief, the covered institution must 

submit a status report to part370@

fdic.gov at the midpoint of the exception 

relief period and immediately bring to 

the FDIC’s attention any change of 

circumstances or conditions. 

III. A Limited Number of Internal 

(Work-in-Process) Deposit Accounts for 

Which the Covered Institution’s 

Information Technology System Is Not 

Capable of Completing Deposit 

Insurance Calculation Process Within 

24 Hours of Failure 

The FDIC granted time-limited 

exception relief from the information 

technology requirements set forth in 

§ 370.3 and general recordkeeping 

requirements set forth in § 370.4(a) of 

the rule to a covered institution for up 

to 18 months from its compliance date 

for certain internal (work-in-process) 

accounts that the covered institution’s 

information technology system cannot 

calculate deposit insurance within 24 

hours of failure. The covered institution 

identified these internal accounts as 

accounts utilized for functions such as 

clearing, settlement, suspense or workin-process. Such accounts do not qualify 

for alternative recordkeeping. 

In connection with the FDIC’s grant of 

relief, the covered institution described 

the internal (work-in-process) accounts 

in detail, including, account titling, the 

number of accounts, account balances, 

data and trends regarding transaction 

settlement cycles, business-as-usual 

processes in place, and zero-balance 

accounts. The covered institution has 

represented that it will place all such 

accounts into the pending file of the 

covered institution’s part 370 output 

files; document procedures and 

processes to upload the data into the 

covered institution’s deposit insurance 

calculation engine; and certify that the 

covered institution can obtain 

information from internal business lines 

necessary to make a deposit insurance 

determination as soon as possible after 

appointment of the FDIC as receiver. 

As conditions of relief, the covered 

institution must submit a status report 

to part370@fdic.gov at the midpoint of 

the exception relief period setting forth 

progress made towards rule compliance 

for the subject accounts; provide 


khammond on DSKJM1Z7X2PROD with NOTICES
9070 Federal Register / Vol. 86, No. 27 / Thursday, February 11, 2021 / Notices 

2The covered institution’s trust department is a 

separate department that segregates its client data 

from other parts of the Bank, uses a separate client 

accounting system of record, observes trust 

department rules that do not apply to banks, and 

follows other distinct processes. 

3The requirements of § 370.4(b)(2)(ii) require the 

Bank obtain grantor unique identification 

information for accounts with transactional 

features. 1 12 CFR part 370. 

annually data regarding the number of 

and amount of deposits held in the 

internal accounts covered by this 

exception; provide a final copy of the 

documentation that describes the 

processes put in place to obtain 

beneficial ownership information 

necessary to make an insurance 

determination for the subject accounts 

as quickly as possible; confirm that the 

covered institution currently has the 

capability to restrict access to any or all 

of the subject accounts if required; make 

reasonable efforts, in the ordinary 

course of upgrading its information 

technology systems, to implement an 

information technology solution that 

would permit a deposit insurance 

determination for the subject accounts 

within 24 hours; and immediately bring 

to the FDIC’s attention any change of 

circumstances or conditions. 

IV. A Limited Number of Deposit 

Accounts for Which the Covered 

Institution’s Trust Department Acts in 

an Agency or Fiduciary Capacity 

The FDIC granted time-limited 

exception relief from the information 

technology requirements set forth in 

§ 370.3, general recordkeeping 

requirements set forth in § 370.4(a), and 

alternative recordkeeping requirements 

set forth in § 370.4(b) of the rule for up 

to 18 months from its compliance date 

for a limited number of deposit accounts 

for which its trust department acts in an 

agency or fiduciary capacity. The 

covered institution’s trust department 2

provides fiduciary and agency services 

to corporations, retirement plans, and 

individuals. These services include 

safeguarding assets, making investment 

decisions, or facilitating clients’ 

complex business transactions. 

In performing such services, the trust 

department opens deposit accounts that 

hold funds from uninvested cash, 

sweeps, or other transactions on behalf 

of its customers. The account records for 

the subject accounts, which the trust 

department maintains on a separate 

system of record, reflect that funds are 

held by the covered institution’s trust 

department as an agent or fiduciary for 

its clients. 

The covered institution must perform 

system enhancements to assign an 

ownership, right and capacity code to 

the subject accounts and up the trust 

department’s systems of record in order 

to calculate deposit insurance. The 

covered institution represented that it 

must review account records to assign 

an ownership, right and capacity code 

to the subject accounts; input missing 

information or data into the trust 

department’s systems of record; enhance 

information technology system logic; 

develop new account opening 

procedures at account onboarding; and 

if necessary, amend trust agreements 

and provide notices to third-party 

recordkeepers for accounts that qualify 

for alternative recordkeeping treatment 

with transactional features.3

In connection with the FDIC’s grant of 

relief, the covered institution will 

ensure that, in the event of its failure, 

holds can be placed on all deposit 

accounts subject to this time-limited 

exception relief until sufficient 

information is obtained to enable 

calculation of deposit insurance 

coverage. As conditions of relief, the 

covered institution must submit a status 

report to part370@fdic.gov at the 

midpoint of the exception relief period 

and immediately bring to the FDIC’s 

attention any change of circumstances 

or conditions. 

Federal Deposit Insurance Corporation. 

Dated at Washington, DC, on February 5, 

2021. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2021–02782 Filed 2–10–21; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Notice of the FDIC’s Response to 

Exception Requests Pursuant to the 

Recordkeeping for Timely Deposit 

Insurance Determination Rule 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notice of the FDIC’s response to 

exception requests pursuant to the 

Recordkeeping for Timely Deposit 

Insurance Determination rule. 

SUMMARY: In accordance with its rule 

regarding recordkeeping for timely 

deposit insurance determination, the 

FDIC is providing notice that it has 

granted time-limited exception relief to 

covered institutions until March 31, 

2022, from information technology 

system requirements and recordkeeping 

requirements for principal and interest 

payments held in mortgage servicing 

accounts for which the covered 

institutions act as servicers or subservicers. The recommended relief will 

provide the covered institutions 

additional time to remediate their 

servicing platforms and internal 

processing capabilities pending further 

direction from the FDIC. 

DATES: The FDIC’s grant of exception 

relief was effective as of February 4, 

2021. 

FOR FURTHER INFORMATION CONTACT: 

Benjamin Schneider, Section Chief, 

Division of Complex Institution 

Supervision and Resolution; 

beschneider@fdic.gov; 917–320–2534. 

SUPPLEMENTARY INFORMATION: The FDIC 

granted time-limited exception relief to 

multiple covered institutions and 

pursuant to the FDIC’s rule entitled 

‘‘Recordkeeping for Timely Deposit 

Insurance Determination,’’ codified at 

12 CFR part 370 (part 370).1 Part 370 

generally requires covered institutions 

to implement the information 

technology system and recordkeeping 

capabilities needed to quickly calculate 

the amount of deposit insurance 

coverage available for each deposit 

account in the event of failure. Pursuant 

to § 370.8(b)(1), one or more covered 

institutions may submit a request in the 

form of a letter to the FDIC for an 

exception from one or more of the 

requirements of part 370 if 

circumstances exist that would make it 

impracticable or overly burdensome to 

meet those requirements. Pursuant to 

§ 370.8(b)(3), a covered institution may 

rely upon another covered institution’s 

exception request which the FDIC has 

previously granted by notifying the 

FDIC that it will invoke relief from 

certain part 370 requirements and 

demonstrating that the covered 

institution has substantially similar 

facts and circumstances to those of the 

covered institution that has already 

received the FDIC’s approval. The 

notification letter must also include the 

information required under § 370.8(b)(1) 

and cite the applicable notice published 

pursuant to § 370.8(b)(2). Unless 

informed otherwise by the FDIC within 

120 days after the FDIC’s receipt of a 

complete notification for exception, the 

exception will be deemed granted 

subject to the same conditions set forth 

in the FDIC’s published notice. 

This grant of relief will be subject to 

ongoing FDIC review, analysis, and 

verification during the FDIC’s routine 

part 370 compliance tests. The FDIC 

presumes each covered institution is 

meeting all the requirements set forth in 

the Rule unless relief has otherwise 

been granted. This grant of relief may be 

rescinded or modified upon: discovery 

of misrepresentation; material change of 


khammond on DSKJM1Z7X2PROD with NOTICES