[Federal Register Volume 83, Number 152 (Tuesday, August 7, 2018)]
[Notices]
[Pages 38692-38693]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-16846]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request (OMB No. 3064-0151)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on the renewal of the 
existing information collection, as required by the Paperwork Reduction 
Act of 1995 (OMB No. 3064-0151).

DATES: Comments must be submitted on or before October 9, 2018.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
    <bullet> Agency website: https://www.FDIC.gov/regulations/laws/federal.
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#0a696567676f647e794a6c6e6369246d657c"><span class="__cf_email__" data-cfemail="0b686466666e657f784b6d6f6268256c647d">[email protected]</span></a>. Include the name and number of 
the collection in the subject line of the message.
    <bullet> Mail: Jennifer Jones (202-898-6768), Counsel, MB-3105, 
Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, 
DC 20429.
    <bullet> 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: Jennifer Jones, Counsel, 202-898-6768, 
<a href="/cdn-cgi/l/email-protection#8ee4ebe0e0e4e1e0ebfdcee8eae7eda0e9e1f8"><span class="__cf_email__" data-cfemail="b6dcd3d8d8dcd9d8d3c5f6d0d2dfd598d1d9c0">[email protected]</span></a>, MB-3105, 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: Notice Regarding Assessment Credits.
    OMB Number: 3064-0151.
    Form Number: None.
    Affected Public: FDIC-Insured Institutions.
    Burden Estimate:

[[Page 38693]]



                                                                Summary of Annual Burden
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                                                                                                                                                Total
                                                                                 Estimated    Estimated    Estimated                            annual
                                       Type of burden         Obligation to      number of    frequency     time per       Frequency of       estimated
                                                                 respond        respondents       of        response         response           burden
                                                                                              responses                                        (hours)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notice Regarding Assessment         Reporting...........  Required to Obtain              2            1            2  On occasion.........            4
 Credits.                                                  or Retain Benefits.
                                   ---------------------------------------------------------------------------------------------------------------------
    Total Hourly Burden...........  ....................  ....................  ...........  ...........  ...........  ....................            4
--------------------------------------------------------------------------------------------------------------------------------------------------------

General Description of Collection

    Section 7(e)(3) of the Federal Deposit Insurance Act (12 U.S.C. 
1817(e)(3)) (FDI Act), as amended by the Federal Deposit Insurance 
Reform Act of 2005, requires that the FDIC provide by regulation an 
initial, one-time assessment credit to each ``eligible'' insured 
depository institution (or its successor) based on the assessment base 
of the institution as of December 31, 1996, as compared to the combined 
aggregate assessment base of all eligible institutions as of that date, 
taking into account such other factors as the FDIC Board of Directors 
determines to be appropriate. The one-time credits must, with certain 
exceptions, be applied by the FDIC to the maximum extent allowed by law 
to the assessments imposed on such institution that become due for 
assessment periods beginning after the effective date of the one-time 
credit regulations until such time as the credit is exhausted. For 
assessments that become due for assessment periods beginning in fiscal 
years 2008, 2009, and 2010, the FDI Act provides that credits may not 
be applied to more than 90 percent of an institution's assessment.
    FDIC-insured institutions must notify the FDIC if their one-time 
assessment credit is transferred, e.g., through a sale of the credits 
or through a merger, so that the FDIC can accurately track such 
transfers, apply available credits appropriately against institutions' 
deposit insurance assessments, and determine an institution's 1996 
assessment base if the transaction involved both the base and the 
credit amount. The need for credit transfer information will expire 
when the credit pool has been exhausted.
    There is no change in the method or substance of the collection and 
the burden remains unchanged from the previous Paperwork Reduction Act 
submission.

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 August 2, 2018.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-16846 Filed 8-6-18; 8:45 am]
 BILLING CODE 6714-01-P


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