36590 Federal Register / Vol. 83, No. 146 / Monday, July 30, 2018 / Notices 

SUMMARY OF ANNUAL BURDEN

Type of 

burden 

Obligation to 

respond 

Estimated 

number of 

respondents 

Estimated 

frequency of 

responses 

Estimated 

time per 

response 

Frequency of 

response 

Total annual 

estimated 

burden 

(hours) 

Contingent Resolution Plan (CIDI Subsidiaries of Regional Bank Holding Companies and CIDI Subsidiaries of U.S. GSIFIs).Reporting ...... Mandatory ..... 4 1 7,200 On Occasion 28,800 

Contingent Resolution Plan—Annual Update (CIDI Subsidiaries of Regional Bank Holding Companies) *.Reporting ...... Mandatory ..... 28 1 6,613 Annual .......... 185,164 

Contingent Resolution Plan—Annual Update (CIDI Subsidiaries of U.S. GSIFIs) *.Reporting ...... Mandatory ..... 9 1 39,843 Annual .......... 358,587 

Notice of Material Change (CIDI Subsidiaries of Regional Bank Holding Companies and CIDI Subsidiaries of U.S. GSIFIs).Reporting ...... Mandatory ..... 1 2 120 On Occasion 240 

Total Hourly Burden ................................................. ....................... ....................... .................... .................... .................... ....................... 572,791 

* Because submissions have been required no more frequently than biennially, the burden associated with the Annual Update has been multiplied by 2⁄3 to represent two Annual Update filings over the three-year period contemplated by this notice and renewal. 

General Description of Collection: 

Section 360.10 of the FDIC’s regulations 

(12 CFR 360.10 or the Rule) requires 

certain insured depository institutions 

(IDIs) to submit a Resolution Plan that 

should enable the FDIC, as receiver, to 

resolve the institution under Sections 11 

and 13 of the Federal Deposit Insurance 

Act (FDI Act), 12 U.S.C. 1821 and 1823, 

in a manner that ensures that depositors 

receive access to their insured deposits 

within one business day of the 

institution’s failure (two business days 

if the failure occurs on a day other than 

Friday), maximizes the net present 

value return from the sale or disposition 

of its assets, and minimizes the amount 

of any loss to be realized by the 

institution’s creditors. An IDI with $50 

billion or more in total assets (i.e., a 

covered IDI or CIDI) is required to 

submit periodically to the FDIC a 

contingent plan for the resolution of 

such institution in the event of its 

failure. 

The Rule established the requirements 

for submission and content of a 

Resolution Plan, as well as procedures 

for review by the FDIC. After the initial 

submission, the Rule requires plan 

submissions on an annual basis (Annual 

Update) unless the FDIC determines to 

change the submission date. A CIDI 

must notify the FDIC of any event, 

occurrence, change in conditions or 

circumstances or other change which 

results in, or reasonably could be 

foreseen to have, a material effect on the 

CIDI’s resolution plan. 

The Rule is intended to address the 

continuing exposure of the banking 

industry to the risks of insolvency of 

large and complex IDIs that can be 

mitigated with proper resolution 

planning. The Interim Final Rule, which 

preceded the Rule, became effective 

January 1, 2012, and remained in effect 

until it was superseded by the Rule on 

April 1, 2012. 

The annual burden for this 

information collection is estimated to be 

572,791 hours. This represents an 

increase of 281,305 hours from the 

current burden estimate of 291,486 

hours. This increase is not due to any 

new requirements imposed by the FDIC. 

Rather, it is due to FDIC’s reassessment 

of the burden hours associated with 

responding to the existing requirements 

of the Rule and to guidance, feedback, 

and additional requests for information 

by the FDIC as part of the iterative 

resolution planning process. The 

revised estimates are informed by 

feedback received from the CIDIs over 

the past year. Because submissions have 

been required no more frequently than 

biennially, the burden associated with 

the Annual Update has been multiplied 

by 2⁄3 to represent two Annual Update 

filings over the three-year period 

contemplated by this notice and 

renewal. 

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. 

Dated at Washington, DC, on July 25, 2018. 

Federal Deposit Insurance Corporation. 

Valerie Best, 

Assistant Executive Secretary. 

[FR Doc. 2018–16186 Filed 7–27–18; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL ELECTION COMMISSION 

Sunshine Act Meeting 

FEDERAL REGISTER CITATION NOTICE OF

PREVIOUS ANNOUNCEMENT: 83 FR 35476 

PREVIOUSLY ANNOUNCED TIME AND DATE OF

THE MEETING: Tuesday, July 31, 2018 at 

10:00 a.m. 

CHANGES IN THE MEETING: 

This meeting will also discuss: 

Matters concerning participation in 

civil actions or proceedings or 

arbitration. 

* * * * * 

CONTACT PERSON FOR MORE INFORMATION: 

Judith Ingram, Press Officer, Telephone: 

(202) 694–1220. 

Laura E. Sinram, 

Deputy Secretary of the Commission. 

[FR Doc. 2018–16325 Filed 7–26–18; 11:15 am] 

BILLING CODE 6715–01–P 

FEDERAL ELECTION COMMISSION 

Sunshine Act Meeting 

TIME AND DATE: Thursday, August 2, 

2018 at 10:00 a.m. 

PLACE: 1050 First Street NE, 

Washington, DC (12th Floor). 

STATUS: This meeting will be open to the 

public. 

MATTERS TO BE CONSIDERED: 

Correction and Approval of Minutes for 

June 28, 2018 

Draft Advisory Opinion 2018–08: Issa 

Draft Advisory Opinion 2018–10: 

United Utah Party Candidate 

Committee 


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