72076 Federal Register / Vol. 88, No. 201 / Thursday, October 19, 2023 / Notices 

HISTORY: 

71 FR 17272 (April 5, 2006). 

Federal Communications Commission. 

Marlene Dortch, 

Secretary. 

[FR Doc. 2023–23103 Filed 10–18–23; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

[OMB No. 3064–0083; –0182; –0198] 

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. 3064–0083; –0182 

and –0198). 

DATES: Comments must be submitted on 

or before December 18, 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: 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 NW building 

(located on F Street NW), on business 

days between 7 a.m. and 5 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 collection of 

information: 

1. Title: Recordkeeping and 

Disclosure Requirements in Connection 

with Regulation M (Consumer Leasing). 

OMB Number: 3064–0083. 

Affected Public: State nonmember 

banks and state savings associations 

engaging in consumer leasing. 

Burden Estimate: 

SUMMARY OF ESTIMATED ANNUAL BURDEN

[OMB No. 3064–0083] 

Information collection 

(obligation to respond) 

Type of burden 

(frequency of response) 

Number of 

respondents 

Number of 

responses per 

respondent 

Time per 

response 

(HH:MM) 

Annual burden 

(hours) 

Recordkeeping Requirements in 

Connection with Regulation M 

(Consumer Leasing), 12 CFR 

1013.8.

Recordkeeping (On occasion) ......... 17 100 00:22.5 638 

Third-Party Disclosure Requirements 

in Connection with Regulation M 

(Consumer Leasing), 12 CFR 

1013.3.

Third-Party Disclosure (On occasion).17 100 00:22.5 638 

Total Annual Burden (Hours) ..... ........................................................... ........................ ........................ ........................ 1,276 

Source: FDIC. 

General Description of Collection: 

Regulation M (12 CFR 1013), issued by 

the Bureau of Consumer Financial 

Protection, implements the consumer 

leasing provisions of the Truth in 

Lending Act. Regulation M requires 

lessors of personal property to provide 

consumers with meaningful disclosures 

about the costs and terms of the leases 

for personal property. Lessors are 

required to retain evidence of 

compliance with Regulation M for 

twenty-four months. There is no change 

in the methodology or substance of this 

information collection. The change in 

burden is due solely to the decrease in 

the estimated number of respondents 

from 19 in 2021 to 17. 

2. Title: Retail Foreign Exchange 

Transactions. 

OMB Number: 3064–0182. 

Forms: None. 

Affected Public: Insured state 

nonmember banks and state savings 

associations. 

Burden Estimate: 

SUMMARY OF ESTIMATED ANNUAL BURDEN

[OMB No. 3064–0182] 

Information collection 

(obligation to respond) 

Type of burden 

(frequency of response) 

Number of 

respondents 

Number of 

responses per 

respondent 

Time per 

response 

(HH:MM) 

Annual burden 

(hours) 

1. Recordkeeping Requirements, 12 

CFR 349.19, 12 CFR 

349.21(b)(2), 12 CFR 349.25(a) 

(Mandatory).

Recordkeeping (Annual) .................. 1 1 1,332:00 1,332 

2. Reporting Requirements, 12 CFR 

349.16 (Mandatory).

Reporting (Annual) ........................... 1 1 16:00 16 


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Federal Register / Vol. 88, No. 201 / Thursday, October 19, 2023 / Notices 72077 

1See footnote 7. 

2 12 CFR 349.21(b)(2) requires FDIC-supervised 

institutions that are engaged in, or that offer to 

engage in, retail foreign exchange transactions to 

establish written policies and procedures that 

include: Haircuts for noncash margin collected 

pursuant to 12 CFR 349.21 (12 CFR 349.21(b)(2)(i)), 

and annual evaluation and, if appropriate, 

modification of the haircuts (12 CFR 

349.21(b)(2)(ii)). 

3 12 CFR 349.25(a)(1) requires FDIC-supervised 

institutions that are engaged in retail foreign 

exchange transactions to establish and implement 

internal policies, procedures, and controls designed 

to ensure that orders placed for retail foreign 

exchange transactions by retail foreign exchange 

customers are given priority over orders placed for 

retail foreign exchange transactions for a 

proprietary account of the FDIC-supervised 

institution (12 CFR 349.25(a)(1)(i)), or an account in 

which a related person has an interest (12 CFR 

349.25(a)(1)(ii), (iii), and (iv)). 12 CFR 349.14 

defines ‘‘related person’’ as (1). Any general partner, 

officer, director, or owner of ten percent or more of 

the capital stock of the FDIC-supervised insured 

depository institution; (2). An associated person or 

employee of the retail foreign exchange 

counterparty, if the retail foreign exchange 

counterparty is not an FDIC-supervised insured 

depository institution; (3). An institution-affiliated 

party, as that term is defined in 12 U.S.C. 

1813(u)(1), (2), or (3), or employee of the retail 

foreign exchange counterparty, if the retail foreign 

exchange counterparty is not an FDIC-supervised 

insured depository institution, or; (4). And relative 

or spouse of any of the foregoing persons, or any 

relative of such spouse, who shares the same home 

as any of the foregoing persons. 12 CFR 349.25(a)(2) 

requires FDIC-supervised institutions that are 

engaged in retail foreign exchange transactions to 

establish and implement internal policies, 

procedures, and controls designed to prevent FDICsupervised insured depository institution related 

persons from placing orders, directly or indirectly, 

with another person in a manner designed to 

circumvent the provisions of 12 CFR 349.25(a)(1). 

12 CFR 349.25(a)(3) requires FDIC-supervised 

institutions that are engaged in retail foreign 

exchange transactions to establish and implement 

internal policies, procedures, and controls designed 

to fairly and objectively establish settlement prices 

for retail foreign exchange transactions. 

4For the Federal Reserve, these requirements 

include those in 12 CFR 240.9(b)(2) and 12 CFR 

240.13(a). For the OCC, these requirements include 

those in 12 CFR 48.13 and 12 CFR 48.9. 

5These requirements include the Federal 

Reserve’s regulations at 12 CFR 240.7 and the OCC’s 

regulations at 12 CFR 48.7. 

SUMMARY OF ESTIMATED ANNUAL BURDEN—Continued 

[OMB No. 3064–0182] 

Information collection 

(obligation to respond) 

Type of burden 

(frequency of response) 

Number of 

respondents 

Number of 

responses per 

respondent 

Time per 

response 

(HH:MM) 

Annual burden 

(hours) 

3. Disclosure Requirements, 12 CFR 

349.22(a), 12 CFR 349.17(a)(4)(ii), 

12 CFR 349.18, 12 CFR 349.25(c) 

and (d), 12 CFR 349.27, 12 CFR 

349.28(a) and (b) (Mandatory).

Third-Party Disclosure (Annual) ....... 1 1 276:00 276 

Total Annual Burden (Hours) ..... ........................................................... ........................ ........................ ........................ 1,624 

Source: FDIC. 

General Description of Collection: 

This information collection implements 

section 742(c)(2) of the Dodd-Frank Act 

(7 U.S.C. 2(c)(2)(E)) and FDIC 

regulations governing retail foreign 

exchange transactions as set forth at 12 

CFR part 349, subpart B. The regulation 

allows banking organizations under 

FDIC supervision to engage in offexchange transactions in foreign 

currency with retail customers provided 

they comply with various reporting, 

recordkeeping and third-party 

disclosure requirements specified in the 

rule. If an institution elects to conduct 

such transactions, compliance with the 

information collection is mandatory. 

Reporting Requirements—part 349, 

subpart B requires that, prior to 

initiating a retail foreign exchange 

business; a banking institution must 

provide the FDIC with a notice 

certifying that the institution has 

written policies and procedures, and 

risk measurement and management 

systems and controls in place to ensure 

that retail foreign exchange transactions 

are conducted in a safe and sound 

manner. The institution must also 

provide information about how it 

intends to manage customer due 

diligence, new product approvals and 

haircuts applied to noncash margin. 

Recordkeeping Requirements—part 349 

subpart B requires that institutions 

engaging in retail foreign exchange 

transactions keep full, complete and 

systematic records of account, financial 

ledger, transaction, memorandum orders 

and post execution allocations of 

bunched orders. In addition, institutions 

are required to maintain records 

regarding their ratio of profitable 

accounts, possible violations of law, 

records of noncash margin and monthly 

statements and confirmations issued. 

Disclosure Requirements—The 

regulation requires that, before opening 

an account that will engage in retail 

foreign exchange transactions, a banking 

institution must obtain from each retail 

foreign exchange customer an 

acknowledgement of receipt and 

understanding of a written disclosure 

specified in the rule and of disclosures 

about the banking institution’s fees and 

other charges and of its profitable 

accounts ratio. The institution must also 

provide monthly statements to each 

retail foreign exchange customer and 

must send confirmation statements 

following every transaction. The 

customer dispute resolution provisions 

of the regulation require certain 

endorsements, acknowledgements and 

signature language as well as the timely 

provision of a list of persons qualified 

to handle a customer’s request for 

arbitration. 

After reviewing the requirements in 

Subpart B and the similar ICRs currently 

approved by OMB for the OCC and the 

Federal Reserve, the FDIC has 

determined that subpart B imposes more 

recordkeeping requirements than those 

listed in the 2021 ICR. While the 2021 

ICR listed 12 CFR 349.19 as the only 

recordkeeping requirement in Subpart 

B,1 the FDIC notes that the requirement 

in 12 CFR 349.21(b)(2) 2 also meets the 

definition of a recordkeeping 

requirement, as does the requirement in 

12 CFR 349.25(a).3 The OCC and the 

Federal Reserve each listed 

requirements that are analogous to those 

in 12 CFR 349.21(b)(2) and 12 CFR 

349.25(a) as recordkeeping requirements 

in their similar ICRs,4 in addition to 

recordkeeping requirements that are 

analogous to those in 12 CFR 349.19.5

The FDIC is revising its information 

collection to include this burden. 

3. Title: Generic Information 

Collection for Qualitative Research. 

OMB Number: 3064–0198. 

Affected Public: General public 

including FDIC insured depository 

institutions. 

Burden Estimate: 


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72078 Federal Register / Vol. 88, No. 201 / Thursday, October 19, 2023 / Notices 

SUMMARY OF ESTIMATED ANNUAL BURDEN

[OMB No. 3064–0198] 

Information collection 

(obligation to respond) 

Type of burden 

(frequency of response) 

Number of 

respondents 

Number of 

responses per 

respondent 

Time per 

response 

(HH:MM) 

Annual burden 

(hours) 

1. Generic Information Collection for 

Qualitative Research, (Voluntary).

Reporting (Once) .............................. 10,000 1 01:00 10,000 

Total Annual Burden (Hours) ..... ........................................................... ........................ ........................ ........................ 10,000 

Source: FDIC. 

General Description of Collection: The 

FDIC is requesting renewal of this 

approved collection to use occasional 

qualitative surveys to gather information 

from the public to inform qualitative 

research. While the subject and nature 

of the surveys to be deployed under this 

information collection are yet to be 

determined, based on prior experience it 

is expected that the number or 

respondents will range from a few to, at 

times, several thousands, but, in 

general, these surveys are expected to 

involve an average of 500 respondents. 

Likewise, the time to respond to the 

surveys can range from a few minutes to 

several hours, but, it is expected that the 

average time to respond to a survey is 

approximately one hour. These surveys 

are completely voluntary in nature. 

FDIC estimates that approximately 20 

such surveys will be conducted in any 

given year. Currently, the FDIC has a 

variety of methods to collect 

quantitative information from 

consumers and institutions (e.g., Call 

Reports, FDIC National Survey of 

Unbanked and Underbanked 

Households, etc.). Qualitative data 

would provide complementary 

information on insights, opinions, and 

perceptions that will inform how the 

FDIC approaches its mission to 

safeguard financial stability of the 

banking system and promote consumer 

protection and economic inclusion. This 

clearance would allow the FDIC to 

engage with consumers and other 

relevant stakeholders through 

qualitative research methods such as 

focus groups, in-depth interviews, 

cognitive testing, and/or qualitative 

virtual methods. The purpose of the 

surveys is, in general terms, to obtain 

anecdotal information about regulatory 

burden, problems or successes in the 

bank supervisory process (including 

both safety-and-soundness and 

consumer related exams), the perceived 

need for regulatory or statutory change, 

and similar concerns. The information 

in these surveys is anecdotal in nature, 

that is, samples are not necessarily 

random, the results are not necessarily 

representative of a larger class of 

potential respondents, and the goal is 

not to produce a statistically valid and 

reliable database. Rather, the surveys are 

expected to yield anecdotal information 

about the particular experiences and 

opinions of members of the public, 

primarily staff at respondent banks or 

bank customers. The collection is 

noncontroversial and does not raise 

issues of concern to other Federal 

agencies; with the exception of 

information needed to provide 

remuneration for participants of focus 

groups and cognitive laboratory studies, 

personally identifiable information (PII) 

is collected only to the extent necessary 

and is not retained. Participation in this 

information collection will be voluntary 

and conducted in-person, by phone, or 

using other methods, such as virtual 

technology. The types of collections that 

this generic clearance covers include, 

but are not limited to: Small discussion 

groups; focus groups of consumers, 

financial industry professionals, or 

other stakeholders; cognitive laboratory 

studies, such as those used to refine 

questions or assess usability of a 

website; qualitative customer 

satisfaction surveys (e.g., posttransaction surveys; opt-out web 

surveys); and in-person observation 

testing (e.g., website or software 

usability tests). 

There is no change in the substance 

or methodology of this information 

collection. 

Request for Comment 

Comments are invited on: (a) Whether 

the collections of information are 

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 collections, 

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 collections 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 October 13, 

2023. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2023–23054 Filed 10–18–23; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL HOUSING FINANCE 

AGENCY 

[No. 2023–N–12] 

Proposed Collection; Comment 

Request 

AGENCY: Federal Housing Finance 

Agency. 

ACTION: Federal Home Loan Bank 

Capital Stock—30-day notice of 

submission of information collection for 

approval from Office of Management 

and Budget. 

SUMMARY: In accordance with the 

requirements of the Paperwork 

Reduction Act of 1995 (PRA), the 

Federal Housing Finance Agency 

(FHFA) is seeking public comments 

concerning an information collection 

known as ‘‘Federal Home Loan Bank 

Capital Stock,’’ which has been assigned 

control number 2590–0002 by the Office 

of Management and Budget (OMB). 

FHFA intends to submit the information 

collection to OMB for review and 

approval of a three-year extension of the 

control number, which is due to expire 

on November 30, 2023. 

DATES: Interested persons may submit 

comments on or before November 20, 

2023. 

ADDRESSES: Submit comments to the 

Office of Information and Regulatory 

Affairs of the Office of Management and 

Budget, Attention: Desk Officer for the 

Federal Housing Finance Agency, 

Washington, DC 20503, Fax: (202) 395– 

3047, Email: OIRA_submission@

omb.eop.gov. Please also submit 

comments to FHFA, identified by 

‘‘Proposed Collection; Comment 


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