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[Federal Register Volume 90, Number 13 (Wednesday, January 22, 2025)]
[Notices]
[Pages 7694-7696]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-01424]

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FEDERAL DEPOSIT INSURANCE CORPORATION

[OMB No. 3064-0025; -0200; -0214]

Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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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. 
3064-0025; -0200 and -0214). The notices of proposed renewal for these 
information collections were previously published in the Federal 
Register on November 5, 2024, allowing for a 60-day comment period.

DATES: Comments must be submitted on or before February 21, 2025.

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: [email protected]. 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.
    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, [email protected], 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: Application for Consent to Exercise Trust Powers.
    OMB Number: 3064-0025.
    Form Number: 6200/09.
    Affected Public: Insured State nonmember banks wishing to exercise 
trust powers.
    Burden Estimate:

                             Summary of Estimated Annual Burden (OMB No. 3064-0025)
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of     Average time
  Information collection (IC)     (frequency of      Number of     responses per   per response    Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
1. Application for Consent to   Reporting (On                  3               1           08:00              24
 Exercise Trust Powers--         Occasion).
 Eligible Depository
 Institutions 12 CFR 303.242
 (Mandatory).

[[Page 7695]]

 
2. Application for Consent to   Reporting (On                  1               1           24:00              24
 Exercise Trust Powers--Not-     Occasion).
 Eligible Depository
 Institutions, 12 CFR 303.242
 (Mandatory).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............              48
     (Hours).
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Source: FDIC.

    General Description of Collection: FDIC regulations (12 CFR 333.2) 
prohibit any insured State nonmember bank from changing the general 
character of its business without the prior written consent of the 
FDIC. The exercise of trust powers by a bank is usually considered a 
change in the general character of a bank's business if the bank did 
not exercise those powers previously. Therefore, unless a bank is 
currently exercising trust powers, it must file a formal application to 
obtain the FDIC's written consent to exercise trust powers. State 
banking authorities, not the FDIC, grant trust powers to their banks. 
The FDIC merely consents to the exercise of such powers. Applicants use 
form FDIC 6200/09 to obtain the FDIC's consent. There is no change in 
the methodology or substance of this information collection. The 
decrease in total estimated annual burden from 72 hours in 2022 to 48 
hours currently is due to a decrease in the number of applications for 
expedited processing from eligible depository institutions.
    2. Title: Joint Standards for Assessing Diversity Policies and 
Practices.
    OMB Number: 3064-0200.
    Form Number: 2710/05--Diversity Self-Assessment (paper form), 2710/
06--Diversity Self-Assessment (electronic form).
    Affected Public: Insured state nonmember banks, and insured state 
savings associations.
    Burden Estimate:

                             Summary of Estimated Annual Burden (OMB No. 3064-0200)
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
  Information collection (IC)     (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
1. Joint Standards for          Reporting                      6               1           08:00              48
 Assessing Diversity Policies    (Annual).
 and Practices--Paper Form,
 Interagency policy statement
 (Voluntary).
2. Joint Standards for          Reporting                     36               1           07:00             252
 Assessing Diversity Policies    (Annual).
 and Practices--Electronic
 Form (Implementation),
 Interagency policy statement
 (Voluntary).
3. Joint Standards for          Reporting                    139               1           03:00             417
 Assessing Diversity Policies    (Annual).
 and Practices--Electronic
 Form (Ongoing), Interagency
 policy statement (Voluntary).
4. Joint Standards for          Reporting                      6               1           12:00              72
 Assessing Diversity Policies    (Annual).
 and Practices--Free-Form,
 Interagency policy statement
 (Voluntary).
5. Joint Standards for          Reporting                     14               1           00:06               1
 Assessing Diversity Policies    (Annual).
 and Practices--Non-material,
 Interagency policy statement
 (Voluntary).
6. Joint Standards for          Disclosure                   201               1           01:00             201
 Assessing Diversity Policies    (Annual).
 and Practices--Public
 Disclosure, Interagency
 policy statement (Voluntary).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............             991
     (Hours).
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Source: FDIC.

    General Description of Collection: Section 342 of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act of 2010 (Act) required 
the Office of the Comptroller of the Currency, the Federal Reserve 
System, the FDIC, the Consumer Financial Protection Bureau, and the 
Securities and Exchange Commission each to establish an Office of 
Minority and Women Inclusion (OMWI) to be responsible for all matters 
of the agency relating to diversity in management, employment, and 
business activities. The Act also instructed each OMWI Director to 
develop standards for assessing the diversity policies and practices of 
entities regulated by the agency. The agencies worked together to 
develop joint standards (Joint Standards) and, on June 10, 2015, they 
jointly published in the Federal Register the ``Final Interagency 
Policy Statement Establishing Joint Standards for Assessing the 
Diversity Policies and Practices of Entities Regulated by the 
Agencies'' (Policy Statement). The Policy Statement includes Joint 
Standards that cover ``Practices to Promote Transparency of 
Organizational Diversity and Inclusion.'' These Joint Standards 
contemplate that a regulated entity is transparent about its diversity 
and inclusion activities by making certain information available to the 
public annually on its websites or through other appropriate

[[Page 7696]]

communications methods, in a manner reflective of the entity's size and 
other characteristics. The specific information referenced in these 
standards is (a) the entity's diversity and inclusion strategic plan; 
(b) its policy on its commitment to diversity and inclusion; (c) its 
progress toward achieving diversity and inclusion in its workforce and 
procurement activities; and (d) opportunities available at the entity 
that promote diversity. In addition, the Policy Statement includes 
Joint Standards that address ``Entities' Self-Assessment.'' The Joint 
Standards for Entities' Self-Assessment envision that a regulated 
entity, in a manner reflective of its size and other characteristics, 
(a) conducts annually a voluntary self-assessment of its diversity 
policies and practices; (b) monitors and evaluates its performance 
under its diversity policies and practices on an ongoing basis; (c) 
provides information pertaining to its self-assessment to the OMWI 
Director of its primary Federal financial regulator; and (d) publishes 
information pertaining to its efforts with respect to the Joint 
Standards.. There is no change in the methodology or substance of this 
information collection. The decrease in total estimated annual burden 
from 1560 hours in 2022 to 991 hours currently is due to the 
expectation that most repeat respondent banks would use the copy/clone 
feature in the Financial Institution Diversity-Self Assessment (FID-SA) 
for their future submissions, thereby saving a substantial amount of 
response time and reducing their overall burden hours.
    3. Title: Computer Security Incident Notification Requirements.
    OMB Number: 3064-0214.
    Form Number: None.
    Affected Public: Businesses or other for-profit.
    Burden Estimate:

                             Summary of Estimated Annual Burden (OMB No. 3064-0214)
----------------------------------------------------------------------------------------------------------------
                                 Type of burden                      Number of       Time per
  Information collection (IC)     (frequency of      Number of     responses per     response      Annual burden
    (obligation to respond)         response)       respondents     respondent        (HH:MM)         (hours)
----------------------------------------------------------------------------------------------------------------
1. Notification Incident        Reporting (On                 67            1.25           03:00             252
 Reporting, 12 CFR 304.23        Occasion).
 (Mandatory).
2. Service Provider             Reporting (On                832               1           03:00           2,496
 Notification, 12 CFR 304.24     Occasion).
 (Mandatory).
                                                 ---------------------------------------------------------------
    Total Annual Burden         ................  ..............  ..............  ..............           2,748
     (Hours).
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Source: FDIC.

    General Description of Collection: The Office of the Comptroller of 
the Currency, Board of Governors of the Federal Reserve System, and the 
FDIC (collectively, the agencies) are issuing a notice of proposed 
rulemaking (the proposed rule) that would require a banking 
organization to notify its primary Federal regulator upon the 
occurrence of a significant computer security incident. This 
notification requirement is intended to serve as an early alert to a 
banking organization's primary Federal regulator and is not intended to 
include an assessment of the incident. The proposed rule would allow a 
banking organization to authorize or contract with a bank service 
provider to allow the bank service provider to make the relevant 
notifications to the banking organization's primary Federal regulator 
on the banking organization's behalf. Moreover, a bank service provider 
as defined herein and in accordance with the Bank Service Company Act 
(BSCA) would be required to notify affected banking organization 
customers within four hours of when it experiences a computer-security 
incident that it reasonably believes could disrupt, degrade, or impair 
services provided subject to the BSCA for four or more hours. ``Bank 
service providers'' would include both bank service companies and 
third-party service providers, under the BSCA. There is no change in 
the methodology or substance of this information collection. The 
increase in total estimated annual burden from 2,694 in 2022 to 2,748 
currently is due to a change in the estimated number of respondents.

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.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on January15, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-01424 Filed 1-21-25; 8:45 am]
BILLING CODE 6714-01-P
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