Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices 9935 

1 85 FR 77462 (December 2, 2020). 

seventh Household Survey as a 

supplement to the June 2021 CPS. On 

December 2, 2020, the FDIC requested 

comment for 60 days on this proposed 

information collection to conduct the 

Household Survey.1 The FDIC received 

no comments. 

Request for Comment 

Comments are again 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. 

Dated at Washington, DC, on February 10, 

2021. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2021–03110 Filed 2–16–21; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

[OMB No. 3064–0022; –0027; –0103; –0114; 

–0115; –0163; –0208] 

Agency Information Collection 

Activities: Proposed Collection 

Renewal; Comment Request 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notice and request for comment. 

SUMMARY: The FDIC, as part of its 

obligations under the Paperwork 

Reduction Act of 1995 (PRA), invites the 

general public and other Federal 

agencies to take this opportunity to 

comment on the renewal of the existing 

information collections described below 

(OMB Control No. 3064–0022; –0027; 

–0103; –0114; –0115; –0163). 

DATES: Comments must be submitted on 

or before April 19, 2021. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

the FDIC by any of the following 

methods: 

• Agency Website: https://

www.FDIC.gov/regulations/laws/federal. 

• Email: comments@fdic.gov. 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 building 

(located on F Street), on business days 

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

All comments should refer to the 

relevant OMB control number. A copy 

of the comments may also be submitted 

to the OMB desk officer for the FDIC: 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, New Executive Office Building, 

Washington, DC 20503. 

FOR FURTHER INFORMATION CONTACT: 

Manny Cabeza, Regulatory Counsel, 

202–898–3767, mcabeza@fdic.gov, MB– 

3128, Federal Deposit Insurance 

Corporation, 550 17th Street NW, 

Washington, DC 20429. 

SUPPLEMENTARY INFORMATION: 

Proposal to renew the following 

currently approved collections of 

information: 

1. Title: Uniform Application/ 

Uniform Termination for Municipal 

Securities Principal or Representative. 

OMB Number: 3064–0022. 

Form Number: 6200/54; 6200/55. 

Affected Public: Individuals and 

Insured state nonmember banks and 

state savings associations. 

Burden Estimate: 

SUMMARY OF ANNUAL BURDEN

Information collection description Type of burden Obligation 

to respond 

Estimated 

number of 

respondents 

Estimated 

frequency 

of responses 

Estimated 

time per 

response 

(minutes) 

Estimated 

annual 

burden 

(hours) 

Uniform Application for Municipal Securities 

Principal or Representative (MSD 4).

Reporting ................... Mandatory 2 On Occasion 60 2 

Uniform Termination Notice for Securities 

Principal or Representative (MSD 5).

Reporting ................... Mandatory 2 On Occasion 15 0.5 

Total Estimated Annual Burden: 2.5 

hours. 

General Description of Collection: The 

1975 Amendments to the Securities 

Exchange Act of 1934 established a 

comprehensive framework for the 

regulation of the activities of municipal 

securities dealers. Under Section 15B(a) 

of the Securities Exchange Act, 

municipal securities dealers which are 

banks, or separately identifiable 

departments or divisions of banks 

engaging in municipal securities 

activities, are required to be registered 

with the Securities and Exchange 

Commission in accordance with such 

rules as the Municipal Securities 

Rulemaking Board (MSRB), a 

rulemaking authority established by the 

1975 Amendments, may prescribe as 

necessary or appropriate in the public 

interest or for the protection of 

investors. One of the areas in which the 

Act directed the MSRB to promulgate 

rules is the qualifications of persons 

associated with municipal securities 

dealers as municipal securities 

principals and municipal securities 

representatives. The MSRB Rules 

require persons who are or seek to be 

associated with municipal securities 

dealers as municipal securities 

principals or municipal securities 

representatives to provide certain 

background information and conversely, 

require the municipal securities dealers 

to obtain the information from such 

persons. Generally, the information 

required to be furnished relates to 

employment history and professional 

background including any disciplinary 

sanctions and any claimed bases for 

exemption from MSRB examination 

requirements. The FDIC and the other 

two Federal bank regulatory agencies, 

the Comptroller of the Currency, and the 

Federal Reserve Board, have prescribed 

Forms MSD–4 to satisfy these 

requirements and have prescribed Form 

MSD–5 for notification by a bank 

municipal securities dealer that a 


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9936 Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices 

municipal securities principal’s or a 

municipal securities representative’s 

association with the dealer has 

terminated and the reason for such 

termination. State nonmember banks 

and state savings associations that are 

municipal security dealers submit these 

forms, as applicable, to the FDIC as their 

appropriate regulatory agency for each 

person associated with the dealer as a 

municipal securities principal or 

municipal securities representative. 

There is no change in the methodology 

or substance of this information 

collection. 

2. Title: Request for Deregistration for 

Registered Transfer Agents. 

OMB Number: 3064–0027. 

Form Number: 6342/12. 

Affected Public: Insured state 

nonmember banks and state savings 

associations. 

Burden Estimate: 

SUMMARY OF ANNUAL BURDEN

Information collection description Type of burden Obligation 

to respond 

Estimated 

number of 

respondents 

Estimated 

frequency 

of responses 

Estimated 

time per 

response 

(hours) 

Estimated 

annual 

burden 

(hours) 

Request for Deregistration for Registered 

Transfer Agents.

Reporting ................... Mandatory 1 On Occasion 0.42 0.42 

Total Estimated Annual Burden: 0.42 

hours. 

General Description of Collection: 

Under the Securities Exchange Act of 

1934 (15 U.S.C. 78q–1), an insured 

nonmember bank (or a subsidiary of 

such a bank) that functions as a transfer 

agent may withdraw from registration as 

a transfer agent by filing a written notice 

of withdrawal with the FDIC. The FDIC 

requires such banks to file FDIC Form 

6342/12 as the written notice of 

withdrawal. There is no change in the 

methodology or substance of this 

information collection. 

3. Title: Recordkeeping Requirements 

Associated with Real Estate Appraisals 

and Evaluations. 

OMB Number: 3064–0103. 

Form Number: None. 

Affected Public: Insured State 

Nonmember Banks and State Savings 

Associations. 

Burden Estimate: 

SUMMARY OF ANNUAL BURDEN

Information collection description Type of burden Obligation 

to respond 

Estimated 

number of 

respondents 

Estimated 

frequency 

of responses 

Estimated 

time per 

response 

(minutes) 

Estimated 

annual 

burden 

(hours) 

Recordkeeping Requirements Associated with 

Real Estate Appraisals and Evaluations.

Recordkeeping ........... Mandatory 3,245 On Occasion 5 80 

Total Estimated Annual Burden: 80 

hours. 

General Description of Collection: 

FIRREA directs the FDIC to prescribe 

appropriate performance standards for 

real estate appraisals connected with 

federally related transactions under its 

jurisdiction. This information collection 

is a direct consequence of the statutory 

requirement. It is designed to provide 

protection for federal financial and 

public policy interests by requiring real 

estate appraisals used in connection 

with federally related transactions to be 

performed in writing, in accordance 

with uniform standards, by an appraiser 

whose competency has been 

demonstrated and whose professional 

conduct will be subject to effective 

supervision. The overall reduction in 

burden hours is a result of economic 

fluctuation. In particular, the number of 

respondents has decreased, the 

reporting frequency has increased while 

the estimated time per response remains 

the same. 

4. Title: Foreign Banks. 

OMB Number: 3064–0114. 

Form Number: None. 

Affected Public: Insured branches of 

foreign banks. 

Burden Estimate: 

SUMMARY OF ANNUAL BURDEN

Information collection description Type of burden Obligation 

to respond 

Estimated 

number of 

respondents 

Estimated 

frequency 

of responses 

Estimated 

time per 

response 

Estimated 

annual 

burden 

(hours) 

Moving a Branch .............................................. Reporting .................... Mandatory 1 On Occasion 8 hours ..... 8

Consent to Operate .......................................... Reporting .................... Mandatory 1 On Occasion 8 hours ..... 8 

Approval to Conduct Activities ......................... Reporting .................... Mandatory 1 On Occasion 8 hours ..... 8 

Pledge of Assets Documents ........................... Reporting .................... Mandatory 10 Quarterly ..... 15 minutes 10 

Pledge of Asset Reports .................................. Reporting .................... Mandatory 10 Quarterly ..... 2 hours ..... 80

Recordkeeping ................................................. Recordkeeping ............ Mandatory 10 On Occasion 120 hours 1,200 

Total Estimated Annual Burden: 

1,314 hours. 

General Description of Collection: 

Applications to move an insured statelicensed branch of a foreign bank; 

applications to operate as such 

noninsured state-licensed branch of a 

foreign bank; applications from an 


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Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices 9937 

insured state-licensed branch of a 

foreign bank to conduct activities that 

are not permissible for a federally 

licensed branch; internal recordkeeping 

by such branches; and reporting and 

recordkeeping requirements relating to 

such a branch’s pledge of assets to the 

FDIC. There is no change in the 

methodology or substance of this 

information collection. 

5. Title: Prompt Corrective Action. 

OMB Number: 3064–0115. 

Form Number: None. 

Affected Public: Insured state 

nonmember banks and state savings 

associations. 

Burden Estimate: 

SUMMARY OF ANNUAL BURDEN

Information collection description Type of burden Obligation 

to respond 

Estimated 

number of 

respondents 

Estimated 

frequency 

of responses 

Estimated 

time per 

response 

(hours) 

Estimated 

annual 

burden 

(hours) 

Prompt Corrective Action ................................ Reporting ................... Voluntary .. 17 On Occasion 4 68 

Total Estimated Annual Burden: 68 

hours. 

General Description of Collection: The 

Prompt Corrective Action (PCA) 

provisions of section 38 of the Federal 

Deposit Insurance Act require or permit 

the FDIC and other federal banking 

agencies to take certain supervisory 

actions when FDIC-insured institutions 

fall within certain capital categories. 

They also restrict or prohibit certain 

activities and require the submission of 

a capital restoration plan when an 

insured institution becomes 

undercapitalized. Various provisions of 

the statute and the FDIC’s implementing 

regulations require the prior approval of 

the FDIC before an FDIC-supervised 

institution, or certain insured 

depository institutions, can engage in 

certain activities, or allow the FDIC to 

make exceptions to restrictions that 

would otherwise be imposed. This 

collection of information consists of the 

applications that are required to obtain 

the FDIC’s prior approval to engage in 

these activities. There is no change in 

the method or substance of the 

collection. 

6. Title: Qualified Financial Contracts. 

OMB Number: 3064–0163. 

Form Number: None. 

Affected Public: State non-member 

banks and savings associations. 

Burden Estimate: 

SUMMARY OF ANNUAL BURDEN

Information collection description Type of burden Obligation 

to respond 

Estimated 

number of 

respondents 

Estimated 

frequency 

of responses 

Estimated 

time per 

response 

(hours) 

Estimated 

annual 

burden 

(hours) 

Reporting Requirements ................................. Reporting ................... Mandatory 190 Monthly ........ 2 4,560 

Recordkeeping Requirements ......................... Recordkeeping ........... Mandatory 190 Quarterly ...... 10 7,600 

Application for Extension of Time ................... Reporting ................... Mandatory 20 On occasion 0.5 10 

Full Scope Entities .......................................... Recordkeeping ........... Mandatory 2 On occasion 3,000 6,000 

Limited Scope Entities ..................................... Recordkeeping ........... Mandatory 110 On occasion 5 550 

Total Estimated Annual Burden: 

18,720 hours. 

General Description of Collection: 

This collection consists of 

recordkeeping requirements for 

qualified financial contracts (QFCs) held 

by insured depository institutions in 

troubled condition. There is no change 

in the methodology or substance of this 

information collection. 

7. Title: Restrictions on Qualified 

Financial Contracts of Subsidiaries of 

certain FDIC-Supervised Institutions; 

Revisions to the Definition of Qualifying 

Master Netting Agreement and Related 

Definitions. 

OMB Number: 3064–0208. 

Form Number: None. 

Affected Public: Private sector. 

Burden Estimate: 

SUMMARY OF ANNUAL BURDEN

Information collection description Type of burden Obligation 

to respond 

Estimated 

number of 

respondents 

Estimated 

frequency 

of responses 

Estimated 

time per 

response 

(hours) 

Estimated 

annual 

burden 

(hours) 

Process for Approval of Enhanced Creditor 

Protections.

Reporting .................... Mandatory 6 On occasion 40 240 

Total Estimated Annual Burden: 240 

hours. 

General Description of Collection: 

This rule is necessary to give effect to 

such cross-default restrictions in the 

ISDA Protocol. The rule requires that 

FDIC-supervised institutions that are 

subsidiaries of GSIBs and their 

counterparties either adhere to the ISDA 

Protocol or take the prescribed steps to 

amend the contractual provisions of 

their QFCs, consistent with the 

requirements in the rule, within a 

specified period of time. If such 

institutions elect to amend their QFCs 

in lieu of adhering to the ISDA Protocol, 

they must seek the FDIC’s approval of 

the proposed amendments, giving rise to 

the information collection. The 

information collection is necessary to 

ensure QFC contracts are amended in 

compliance with the rule. The FDIC’s 

rule applies to FDIC-supervised 

institutions that are subsidiaries of 


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9938 Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices 

GSIBs and sets forth requirements 

parallel to those contained in similar 

rules recently published by the FRB and 

the OCC with regard to entities they 

supervise to ensure consistent 

regulatory treatment of QFCs among the 

various entities within a GSIB group. 

There is no change in the methodology 

or substance of this information 

collection. 

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. 

Dated at Washington, DC, on February 11, 

2021. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2021–03171 Filed 2–16–21; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL FINANCIAL INSTITUTIONS 

EXAMINATION COUNCIL 

[Docket No. AS21–01] 

Standardized Instructions and Format 

To Be Used for Interim and Final 

Progress Reporting 

AGENCY: Appraisal Subcommittee of the 

Federal Financial Institutions 

Examination Council 

ACTION: The Appraisal Subcommittee 

(ASC) is issuing this Notice of Request 

for public comment on the standardized 

Appraisal Subcommittee Progress 

Report (ASC–PR) format to be used for 

both interim and final progress 

reporting for all ASC grants and 

submission to Office of Management 

and Budget (OMB) of proposed 

collection of information. 

DATES: Written comments must be 

received on or before March 19, 2021 to 

be assured of consideration. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 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: For 

information on the ASC–PR, contact 

Maria Brown, Regulatory Affairs 

Specialist, ASC at 202–792–1197 or 

Maria@asc.gov. 

SUMMARY: This proposed information 

collection was previously published in 

the Federal Register on November 20, 

2020 and allowed 60 days for public 

comment. No comments were received 

to that Notice. In conjunction with the 

Paperwork Reduction Act of 1995, the 

ASC has submitted to the OMB a 

request for review and approval of 

information collection listed below. The 

purpose of this notice is to allow an 

additional 30 days for public comment 

from all interested individuals and 

organizations. 

SUPPLEMENTARY INFORMATION: 

Title: ASC Progress Report 

Standardized Instructions and Format 

for Interim and Final Progress 

Reporting. 

The ASC has established new grantmaking programs and is responsible for 

monitoring its grantees on the use of 

federal funds. The ASC developed this 

progress report for both interim and 

final progress reports for grants issued 

under ASC authority. The progress 

report will be submitted to the ASC 

semi-annually as an attachment to the 

Standard Form 425, Federal Financial 

Report. A draft version of the 

instructions and format for the report is 

posted on the ASC website at https://

www.asc.gov/Documents/ 

GrantsFundingCorrespondence/PRFFR%20Reporting%20Instructions%20

and%20Form.pdf. The report will 

benefit award recipients by making it 

easier for them to administer federal 

grant and cooperative agreement 

programs through standardization of the 

types of information required in 

progress reports, thereby reducing their 

administrative effort and costs. 

OMB Number: New Collection. 

Burden Estimates: 

Type of Review: Regular. 

Affected Public: All ASC grantees. 

Estimated Number of Respondents: 

55. 

Estimated burden per Response: 1 

hour. 

Frequency of Response: Twice per 

year (semi-annual and annual report). 

Estimated Total Annual Burden: 110 

hours. 

By the Appraisal Subcommittee. 

James R. Park, 

Executive Director. 

[FR Doc. 2021–03126 Filed 2–16–21; 8:45 am] 

BILLING CODE 6700–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, without revision, the 

Recordkeeping Requirements 

Associated with Changes in Foreign 

Investments (Made Pursuant to 

Regulation K) (FR 2064; OMB No. 7100– 

0109). 

DATES: Comments must be submitted on 

or before April 19, 2021. 

ADDRESSES: You may submit comments, 

identified by FR 2064, by any of the 

following methods: 

• Agency website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include the OMB 

number 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 

from the Board’s website at https://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx as submitted, unless 

modified for technical reasons or to 

remove personally identifiable 

information at the commenter’s request. 

Accordingly, comments will not be 

edited to remove any identifying or 

contact information. Public comments 

may also be viewed electronically or in 

paper in Room 146, 1709 New York 

Avenue NW, Washington, DC 20006, 

between 9:00 a.m. and 5:00 p.m. on 

weekdays. For security reasons, the 

Board requires that visitors make an 

appointment to inspect comments. You 

may do so by calling (202) 452–3684. 

Upon arrival, visitors will be required to 

present valid government-issued photo 

identification and to submit to security 


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