Federal Register / Vol. 80, No. 25 / Friday, February 6, 2015 / Notices 6711 

services, and for new or amended 

payphone services. If the BOC receives 

a good faith request for a plan from 

someone who does not have Internet 

access, the BOC must notify that person 

where a paper copy of the plan is 

available for public inspection. The CEI 

plans will be used to ensure that BOCs 

comply with Commission policies and 

regulations safeguarding against 

potential anticompetitive behavior by 

the BOCs in the provision of 

information services. 

Federal Communications Commission. 

Sheryl D. Todd, 

Deputy Secretary, Office of the Secretary, 

Office of the Managing Director. 

[FR Doc. 2015–02412 Filed 2–5–15; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Agency Information Collection 

Activities: Proposed Collection 

Renewal; Comment Request (3064– 

185) 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notice and request for comment. 

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 an existing 

information collection, as required by 

the Paperwork Reduction Act of 1995. 

Currently, the FDIC is soliciting 

comment on renewal of the information 

collection described below. 

DATES: Comments must be submitted on 

or before April 7, 2015. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

the FDIC by any of the following 

methods: 

• http://www.FDIC.gov/regulations/

laws/federal/. 

• Email: comments@fdic.gov Include 

the name of the collection in the subject 

line of the message. 

• Mail: Gary A. Kuiper, Counsel, 

(202.898.3877), or John Popeo, Counsel, 

(202.898.6923), MB–3007, Federal 

Deposit Insurance Corporation, 550 17th 

Street NW., Washington, DC 20429. 

Hand Delivery: Comments may be handdelivered 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: Gary 

A. Kuiper or John Popeo, at the FDIC 

address above. 

SUPPLEMENTARY INFORMATION: 

Proposal To Renew the Following 

Currently-Approved Collection of 

Information 

1. Title: Resolution Plans Required for 

Insured Depository Institutions With 

$50 Billion or More in Total Assets. 

OMB Number: 3064–0185. 

Affected Public: Large and highly 

complex depository institutions. 

A. Estimated Number of Respondents 

for Contingent Resolution Plan: 37. 

Frequency of Response: Once. 

Estimated Time per Response: 7,200 

hours per respondent. 

Estimated Total Burden: 266,400 

hours. 

B. Estimated Number of Respondents 

for Annual Update of Resolution Plan: 

37. 

Frequency of Response: Annual. 

Estimated Time per Response: 452 

hours per respondent. 

Estimated Total Burden: 16,724 

hours. 

C. Estimated Number of Respondents 

for Notice of Material Change Affecting 

Resolution Plan: 37. 

Frequency of Response: Zero to two 

times annually. 

Estimated Time per Response: 226 

hours per respondent. 

Estimated Total Burden: 8,362 hours. 

General Description of Collection: 

This Rule requires an insured 

depository institution with $50 billion 

or more in total assets to submit 

periodically to the FDIC a contingent 

plan for the resolution of such 

institution in the event of its failure 

(’’Resolution Plan’’). This Rule created 

the requirements for submission and 

content of a Resolution Plan, as well as 

procedures for review by the FDIC. The 

Rule requires a covered insured 

depository institution (CIDI) 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, 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. 

The Rule is intended to address the 

continuing exposure of the banking 

industry to the risks of insolvency of 

large and complex insured depository 

institutions, an exposure that can be 

mitigated with proper resolution 

planning. 

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 information collection 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, this 3rd day of 

February 2015. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2015–02424 Filed 2–5–15; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Agency Information Collection 

Activities: Proposed Collection 

Renewal; Comment Request (3064– 

0179) 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notice and request for comment. 

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 an existing 

information collection, as required by 

the Paperwork Reduction Act of 1995. 

Currently, the FDIC is soliciting 

comment on renewal of the information 

collection described below. 

DATES: Comments must be submitted on 

or before April 7, 2015. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

the FDIC by any of the following 

methods: 

• http://www.FDIC.gov/regulations/

laws/federal/. 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
6712 Federal Register / Vol. 80, No. 25 / Friday, February 6, 2015 / Notices 

1See 12 U.S.C. 1424(a), 1430(a). 

2See 12 U.S.C. 1422(10)(A); 12 CFR 1263.1. 

3See 12 U.S.C. 1422(10); 12 CFR 1263.1 (defining 

the term CFI asset cap). 

4See 79 FR 1862 (Jan. 10, 2014). 

• Email: comments@fdic.gov Include 

the name of the collection in the subject 

line of the message. 

• Mail: Gary A. Kuiper, Counsel, 

(202.898.3877), or John Popeo, Counsel, 

(202.898.6923), MB–3007, 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: Gary 

A. Kuiper or John Popeo, at the FDIC 

address above. 

SUPPLEMENTARY INFORMATION: 

Proposal To Renew the Following 

Currently-Approved Collection of 

Information 

1. Title: Assessment Rate Adjustment 

Guidelines for Large and Highly 

Complex Institutions. 

OMB Number: 3064–0179. 

Affected Public: Large and highly 

complex depository institutions. 

Estimated Number of Respondents: 

11. 

Estimated Time per Response: 80 

hours. 

Frequency of Response: Annual. 

Estimated Total Annual Burden: 880 

hours. 

Total Annual Burden: 880 hours. 

General Description of Collection: 

These guidelines established process 

through which large and highly 

complex depository institutions could 

request a deposit insurance assessment 

rate adjustment from the FDIC. 

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 information collection 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, this 3rd day of 

February 2015. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2015–02423 Filed 2–5–15; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL HOUSING FINANCE 

AGENCY 

[No. 2015–N–01] 

Notice of Annual Adjustment of the 

Cap on Average Total Assets That 

Defines Community Financial 

Institutions 

AGENCY: Federal Housing Finance 

Agency. 

ACTION: Notice. 

SUMMARY: The Federal Housing Finance 

Agency (FHFA) has adjusted the cap on 

average total assets that defines a 

‘‘Community Financial Institution’’ to 

$1,123,000,000, based on the annual 

percentage increase in the Consumer 

Price Index for all urban consumers 

(CPI–U) as published by the Department 

of Labor (DOL). These changes took 

effect on January 1, 2015. 

FOR FURTHER INFORMATION CONTACT: 

Amy Tran, Division of Federal Home 

Loan Bank Regulation, (202) 649–3319, 

Amy.Tran@fhfa.gov, or Eric M. 

Raudenbush, Assistant General Counsel, 

(202) 649–3084, Eric.Raudenbush@

fhfa.gov, (not toll-free numbers), Federal 

Housing Finance Agency, Constitution 

Center, 400 Seventh Street SW., 

Washington, DC 20024. 

SUPPLEMENTARY INFORMATION: 

I. Statutory and Regulatory Background 

The Federal Home Loan Bank Act 

(Bank Act) confers upon insured 

depository institutions that meet the 

statutory definition of a ‘‘Community 

Financial Institution’’ (CFI) certain 

advantages over non-CFI insured 

depository institutions in qualifying for 

Federal Home Loan Bank (Bank) 

membership, and in the purposes for 

which they may receive long-term 

advances and the collateral they may 

pledge to secure advances.1 Section 

2(10)(A) of the Bank Act and § 1263.1 of 

FHFA’s regulations define a CFI as any 

Bank member the deposits of which are 

insured by the Federal Deposit 

Insurance Corporation and that has 

average total assets below a statutory 

cap.2 The Bank Act was amended in 

2008 to set the statutory cap at $1 

billion and to require the Director of 

FHFA to adjust the cap annually to 

reflect the percentage increase in the 

CPI–U, as published by the DOL, for the 

prior year.3 For 2014, FHFA set the CFI 

asset cap at $1,108,000,000, which 

reflected a 1.2 percent increase over 

2013, based upon the increase in the 

CPI–U between 2012 and 2013.4

II. The CFI Asset Cap for 2015 

As of January 1, 2015, FHFA has 

increased the CFI asset cap from 

$1,108,000,000 to $1,123,000,000, 

which reflects a 1.3 percent increase in 

the unadjusted CPI–U from November 

2013 to November 2014. The new 

amount was obtained by rounding to the 

nearest million, as has been the practice 

for all prior adjustments. Consistent 

with the practice of other Federal 

agencies, FHFA bases the annual 

adjustment to the CFI asset cap on the 

percentage increase in the CPI–U from 

November of the year prior to the 

preceding calendar year to November of 

the preceding calendar year, because the 

November figures represent the most 

recent available data as of January 1st of 

the current calendar year. 

In calculating the CFI asset cap, FHFA 

uses CPI–U data that have not been 

seasonally adjusted (i.e., the data have 

not been adjusted to remove the 

estimated effect of price changes that 

normally occur at the same time and in 

about the same magnitude every year). 

The DOL encourages use of unadjusted 

CPI–U data in applying ‘‘escalation’’ 

provisions such as that governing the 

CFI asset cap, because the factors that 

are used to seasonally adjust the data 

are amended annually, and seasonally 

adjusted data that are published earlier 

are subject to revision for up to five 

years following their original release. 

Unadjusted data are not routinely 

subject to revision, and previously 

published unadjusted data are only 

corrected when significant calculation 

errors are discovered. 

Dated: January 27, 2015. 

Melvin L. Watt, 

Director, Federal Housing Finance Agency. 

[FR Doc. 2015–02402 Filed 2–5–15; 8:45 am] 

BILLING CODE 8070–01–P 

FEDERAL MARITIME COMMISSION 

Sunshine Act Meeting 

AGENCY: Federal Maritime Commission. 

TIME AND DATE: February 11, 2015; 10:00 

a.m. 


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