84134 Federal Register / Vol. 89, No. 203 / Monday, October 21, 2024 / Notices 

APPENDIX A—CONSTRUCTION PERMITS

IN NCETV FILING WINDOW

State Community Channel 

No. 

AL ........... Vernon ..................... * 4 

AK ........... Anchorage ............... * 26 

AK ........... Bethel ...................... * 3 

CA ........... Colusa ..................... * 2 

CA ........... Fort Bragg ............... * 4 

CA ........... Tulare ...................... * 3 

ID ............ Filer .......................... * 18 

IA ............ Ames ....................... * 21 

NM .......... Alamogordo ............. * 4 

OR .......... Jacksonville ............. * 4 

TX ........... Waco ....................... * 20 

VA ........... Waynesboro ............ * 12 

Federal Communications Commission. 

Thomas Horan, 

Chief of Staff, Media Bureau. 

[FR Doc. 2024–24245 Filed 10–18–24; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Sunshine Act Meetings 

TIME AND DATE: 10:19 a.m. on Thursday, 

October 17, 2024. 

PLACE: The meeting was held in the 

Board Room located on the sixth floor 

of the FDIC Building located at 550 17th 

Street NW, Washington, DC. 

STATUS: Closed. 

MATTERS TO BE CONSIDERED: The Board 

of Directors of the Federal Deposit 

Insurance Corporation met to consider 

matters related to the Corporation’s 

resolution, supervision, and corporate 

activities. In calling the meeting, the 

Board determined, on motion of 

Director Michael J. Hsu (Acting 

Comptroller of the Currency), seconded 

by Director Rohit Chopra (Director, 

Consumer Financial Protection Bureau), 

by the unanimous vote of Chairman 

Martin J. Gruenberg, Vice Chairman 

Travis Hill, Director Jonathan 

McKernan, Director Michael J. Hsu 

(Acting Comptroller of the Currency), 

and Director Rohit Chopra (Director, 

Consumer Financial Protection Bureau), 

that Corporation business required its 

consideration of the matters which were 

to be the subject of this meeting on less 

than seven days’ notice to the public; 

that no earlier notice of the meeting was 

practicable; that the public interest did 

not require consideration of the matters 

in a meeting open to public observation; 

and that the matters could be 

considered in a closed meeting by 

authority of subsections (c)(2), (c)(4), 

(c)(6), (c)(8), (c)(9)(A), and (c)(9)(B), of 

the ‘‘Government in the Sunshine Act’’ 

(5 U.S.C. 552b (c)(2), (c)(4), (c)(6), (c)(8), 

(c)(9)(A), and (c)(9)(B)). 

CONTACT PERSON FOR MORE INFORMATION: 

Requests for further information 

concerning the meeting may be directed 

to Debra A. Decker, Executive Secretary 

of the Corporation, at 202–898–8748. 

Dated this 17th day of October, 2024. 

Federal Deposit Insurance Corporation. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2024–24440 Filed 10–17–24; 4:15 pm] 

BILLING CODE 6714–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

[OMB No. 3064–0183] 

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. 3064–0183). 

DATES: Comments must be submitted on 

or before December 20, 2024. 

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 7:00 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 collection of 

information: 

1. Title: Credit Risk Retention. 

OMB Number: 3064–0183. 

Form Number: None. 

Affected Public: Insured state 

nonmember banks, state savings 

institutions, insured state branches of 

foreign banks, and any subsidiary of the 

aforementioned entities. 

BURDEN ESTIMATE

IC description Type of burden 

(obligation to respond) 

Frequency of 

response 

Estimated 

number of 

respondents 

Number of 

responses/ 

respondent 

Hours per 

response 

Total 

annual 

estimated 

burden 

Disclosure Burdens 

§ 373.4(a)(2) Standard Risk Retention—Horizontal Interest Disclosure (Mandatory) ........... On Occasion ..... 2 2 5.5 22 

§ 373.4(a)(1) Standard Risk Retention—Vertical Interest ... Disclosure (Mandatory) ........... On Occasion ..... 2 2 2.0 8 

§ 373.4(a)(3) Standard Risk Retention—Combined Interest *.Disclosure (Mandatory) ........... On Occasion ..... 1 1 7.5 8 

§ 373.5 Revolving Master Trusts ........................................ Disclosure (Mandatory) ........... On Occasion ..... 3 2 7.0 42 

§ 373.6 Eligible ABCP Conduits * ....................................... Disclosure (Mandatory) ........... On Occasion ..... 1 1 3.0 3 

§ 373.7 Commercial MBS * ................................................. Disclosure (Mandatory) ........... On Occasion ..... 1 1 20.75 21 

§ 373.10 Qualified Tender Option Bonds * ......................... Disclosure (Mandatory) ........... On Occasion ..... 1 1 6.0 6 

§ 373.11 Allocation of Risk Retention to an Originator * .... Disclosure (Mandatory) ........... On Occasion ..... 1 1 2.5 3 

§ 373.13 Exemption for Qualified Residential Mortgages * Disclosure (Mandatory) ........... On Occasion ..... 1 1 1.25 1 

§ 373.15 Exemption for Qualifying Commercial Loans, 

Commercial Real Estate and Automobile Loans *.

Disclosure (Mandatory) ........... On Occasion ..... 1 1 20.0 20 


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Federal Register / Vol. 89, No. 203 / Monday, October 21, 2024 / Notices 84135 

1Public Law 111–2–3, 124 Stat. 1376 (2010). 

2 79 FR 77740. 

3Each agency adopted the same rule text but each 

agency’s version of its rule is codified in different 

parts of the Code of Federal Regulations with 

substantially identical section numbers (e.g. l.01; 

l.02, etc.). Rule citations herein are to FDIC’s 

version of the Rule, which is codified at 12 CFR 

part 373. 4 12 CFR 373.2. 

BURDEN ESTIMATE—Continued 

IC description Type of burden 

(obligation to respond) 

Frequency of 

response 

Estimated 

number of 

respondents 

Number of 

responses/ 

respondent 

Hours per 

response 

Total 

annual 

estimated 

burden 

§ 373.16 Underwriting Standards for Qualifying Commercial Loans *.Disclosure (Mandatory) ........... On Occasion ..... 1 1 1.25 1 

§ 373.17 Underwriting Standards for Qualifying Commercial Real Estate Loans *.Disclosure (Mandatory) ........... On Occasion ..... 1 1 1.25 1 

§ 373.18 Underwriting Standards for Qualifying Automobile Loans *.Disclosure (Mandatory) ........... On Occasion ..... 1 1 1.25 1 

Disclosure Subtotal ...................................................... ................................................. ........................... .................... .................... ................ 137 

Recordkeeping Burdens 

§ 373.4(a)(2) Standard Risk Retention—Horizontal Interest Recordkeeping (Mandatory) .... On Occasion ..... 2 2 0.5 2 

§ 373.4(a)(1) Standard Risk Retention—Vertical Interest ... Recordkeeping (Mandatory) .... On Occasion ..... 2 2 0.5 2 

§ 373.4(a)(3) Standard Risk Retention—Combined Interest *.Recordkeeping (Mandatory) .... On Occasion ..... 1 1 0.5 1 

§ 373.5 Revolving Master Trusts ........................................ Recordkeeping (Mandatory) .... On Occasion ..... 3 2 0.5 3 

§ 373.6 Eligible ABCP Conduits * ....................................... Recordkeeping (Mandatory) .... On Occasion ..... 1 1 20.0 20 

§ 373.7 Commercial MBS * ................................................. Recordkeeping (Mandatory) .... On Occasion ..... 1 1 30.0 30 

§ 373.11 Allocation of Risk Retention to an Originator * .... Recordkeeping (Mandatory) .... On Occasion ..... 1 1 20.0 20 

§ 373.13 Exemption for Qualified Residential Mortgages * Recordkeeping (Mandatory) .... On Occasion ..... 1 1 40.0 40 

§ 373.15 Exemption for Qualifying Commercial Loans, 

Commercial Real Estate and Automobile Loans *.

Recordkeeping (Mandatory) .... On Occasion ..... 1 1 0.5 1 

§ 373.16 Underwriting Standards for Qualifying Commercial Loans *.Recordkeeping (Mandatory) .... On Occasion ..... 1 1 40.0 40 

§ 373.17 Underwriting Standards for Qualifying Commercial Real Estate Loans *.Recordkeeping (Mandatory) .... On Occasion ..... 1 1 40.0 40 

§ 373.18 Underwriting Standards for Qualifying Automobile Loans *.Recordkeeping (Mandatory) .... On Occasion ..... 1 1 40.0 40 

Recordkeeping Subtotal ............................................... ................................................. ........................... .................... .................... ................ 239 

Total Annual Burden Hours .................................. ................................................. ........................... .................... .................... ................ 376 

General Description of Collection: 

This information collection request 

comprises disclosure and recordkeeping 

requirements under the credit risk 

retention rule issued pursuant to section 

15G of the Securities Exchange Act of 

1934 (15 U.S.C. 78o–11), as added by 

section 941 of the Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act (Dodd-Frank).1 The Credit Risk 

Retention rule (the Rule) was jointly 

issued in 2015 by the FDIC, the Office 

of the Comptroller of the Currency 

(OCC), the Federal Reserve Board 

(Board), the Securities and Exchange 

Commission (SEC) and, with respect to 

the portions of the Rule addressing the 

securitization of residential mortgages, 

the Federal Housing Finance Agency 

(FHFA) and the Department of Housing 

and Urban Development (HUD).2 The 

FDIC regulations corresponding to the 

Rule are found at 12 CFR part 373.3

Section 941 of Dodd-Frank requires 

the Board, the FDIC, the OCC, the SEC, 

and, in the case of the securitization of 

any ‘‘residential mortgage asset,’’ 

together with HUD and FHFA, to jointly 

prescribe regulations that (1) require an 

issuer of an asset-backed security or a 

person who organizes and initiates an 

asset-backed securities transaction by 

selling or transferring assets, either 

directly or indirectly, including through 

an affiliate, to the issuer (issuer or 

organizer) to retain not less than five 

percent of the credit risk of any asset 

that the issuer or organizer, through the 

issuance of an asset-backed security 

(ABS), transfers, sells or conveys to a 

third party and (2) prohibit an issuer or 

organizer from directly or indirectly 

hedging or otherwise transferring the 

credit risk that the issuer or organizer is 

required to retain under section 941 and 

the agencies’ implementing rules. 

Exempted from the credit risk retention 

requirements of section 941 are certain 

types of securitization transactions, 

including ABS collateralized solely by 

qualified residential mortgages (QRMs), 

as that term is defined in the Rule. In 

addition, section 941 provides that the 

agencies must permit an issuer or 

organizer to retain less than five percent 

of the credit risk of residential mortgage 

loans, commercial real estate (CRE) 

loans, commercial loans and automobile 

loans that are transferred, sold or 

conveyed through the issuance of ABS 

by the issuer or organizer, if the loans 

meet underwriting standards 

established by the Federal banking 

agencies. 

The FDIC implemented section 941 of 

Dodd-Frank through 12 CFR part 373 

(the Rule). The Rule defines a 

securitizer as (1) the depositor of the 

asset-backed securities (if the depositor 

is not the sponsor); or (2) the sponsor of 

the asset-backed securities.4 The Rule 

provides a menu of credit risk retention 

options from which securitizers can 

choose and sets out the standards, 

including disclosure, recordkeeping, 

and reporting requirements, for each 

option; identifies the eligibility criteria, 

including certification and disclosure 

requirements, that must be met for ABS 

offerings to qualify for the QRM and 

other exemptions; specifies the 

underwriting standards for CRE loans, 

commercial loans and automobile loans, 

as well as disclosure, certification and 

recordkeeping requirements, that must 

be met for ABS issuances collateralized 

by such loans to qualify for reduced 

credit risk retention; and sets forth the 

circumstances under which retention 

obligations may be allocated by 

sponsors to originators, including 

disclosure and monitoring 

requirements. 

The regulations at 12 CFR part 373 

contains several requirements that 

qualify as information collections under 


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84136 Federal Register / Vol. 89, No. 203 / Monday, October 21, 2024 / Notices 

the PRA. The information collection 

requirements are found in §§ 373.4, 373, 

373.6, 373.7, 373.8, 373.9, 373.10, 

373.11, 373.13, 373.15, 373.16, 373.17, 

373.18, and 373.19(g). The 

recordkeeping requirements relate 

primarily to (1) the adoption and 

maintenance of various policies and 

procedures to ensure and monitor 

compliance with regulatory 

requirements; and (2) certifications, 

including as to the effectiveness of 

internal supervisory controls. The 

required disclosures for each risk 

retention option are intended to provide 

investors with material information 

concerning the sponsor’s retained 

interest in a securitization transaction 

(e.g., the amount, form and nature of the 

retained interest, material assumptions 

and methodology, representations and 

warranties). Compliance with the 

information collection requirements is 

mandatory, responses to the information 

collections will not be kept confidential 

and, with the exception of the 

recordkeeping requirements in 

§§ 373.4(d), 373.5(k)(3), and 373.15(d), 

the Rule does not specify a mandatory 

retention period for the information. 

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 15, 

2024. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2024–24259 Filed 10–18–24; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

[OMB No. 3064–0028; –0109; –0124; –0134; 

–0162; –0179; –0195] 

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, invites the 

general public and other Federal 

agencies to take this opportunity to 

comment on the request to renew the 

existing information collections 

described below (OMB Control No. 

3064–0028, –0109, –0124, –0134, –0162, 

–0179 and –0195). The notices of 

proposed renewal for these information 

collections were previously published 

in the Federal Register on August 21, 

2024, and September 9, 2024, allowing 

for a 60-day comment period. 

DATES: Comments must be submitted on 

or before November 20, 2024. 

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

Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice 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: 

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 

Confirmation Requirements for 

Securities Transactions. 

OMB Number: 3064–0028. 

Form Number: None. 

Affected Public: FDIC-Insured 

Institutions and Certain Employees of 

the FDIC-Insured Institutions. 

Burden Estimate: 

SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0028) 

Information collection (IC) 

(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. Maintain Securities Trading Policies and Procedures, 12 CFR 344.8 

(Mandatory).

Recordkeeping (On Occasion) ....... 632 1 1:00 632 

2. Officer/Employee Filing of Reports of Personal Securities Trading, 12 

CFR 344.9 (Mandatory).

Third Party Disclosure (On Occasion).1,896 4 1:00 7,584 

Total Annual Burden (Hours) ............................................................. ......................................................... .................... ........................ ................ 8,216 

Source: FDIC. 

General Description of Collection: The 

collection of information requirements 

is contained in 12 CFR part 344. The 

purpose of the regulation is to ensure 

that purchasers of securities in 

transactions affected by insured State 

nonmember banks are provided with 

adequate records concerning the 

transactions. The regulation is also 

designed to ensure that insured State 

nonmember banks maintain adequate 

records and controls with respect to the 

securities transactions they effect. 

Finally, this regulation requires officers 

and employees of FDIC-supervised 

institutions to report to the FDICsupervised institution certain personal 

securities trading activity. There is no 

change in the methodology or substance 

of this information collection. The 

decrease in total estimated annual 

burden from 8,583 hours in 2021 to 

8,216 hours currently is due to a 


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