Federal Register / Vol. 82, No. 187 / Thursday, September 28, 2017 / Notices 45285 

feet. River flows between 159 and 1,408 

cfs are used for power generation, while 

flows in excess of 1,408 cfs are passed 

over the flashboards and spillway. Flow 

to the generating units is controlled by 

five manually operated square slide 

gates. The total installed capacity of the 

project is 3,300 kW between the five 

generating units. The project generates 

approximately 8,784 megawatt-hours 

annually, which are sold to a local 

utility. 

The co-licensees propose to continue 

to operate and maintain the Lower 

Pelzer Project as is required in the 

existing license, and to develop canoe 

portage facilities. The co-licensees also 

propose to remove the existing threemile-long, 3,300-volt overhead 

transmission line, which is no longer in 

use, from the project boundary under a 

new license. Instead, the project would 

use a 165-foot-long, 3,300-volt 

transmission line that interconnects 

with the grid at an applicant-owned 

transformer. 

No changes to project operations are 

proposed. Other than the development 

of canoe portage facilities, no new 

construction or major project 

modifications are proposed. 

m. A copy of the application is 

available for review at the Commission 

in the Public Reference Room, or may be 

viewed on the Commission’s Web site at 

http://www.ferc.gov using the eLibrary 

link. Enter the docket number excluding 

the last three digits in the docket 

number field to access the document. 

For assistance, contact FERC Online 

Support. A copy is also available for 

inspection and reproduction at the 

address in item h above. 

You may also register online at http:// 

www.ferc.gov/docs-filing/ 

esubscription.asp to be notified via 

email of new filings and issuances 

related to this or other pending projects. 

For assistance, contact FERC Online 

Support. 

n. Anyone may submit a protest or a 

motion to intervene in accordance with 

the requirements of Rules of Practice 

and Procedure, 18 CFR 385.210, .211, 

and .214. In determining the appropriate 

action to take, the Commission will 

consider all protests or other comments 

filed, but only those who file a motion 

to intervene in accordance with the 

Commission’s Rules may become a 

party to the proceeding. Any protests or 

motions to intervene must be received 

on or before the specified comment date 

for the particular application. 

All filings must: (1) Bear in all capital 

letters the title PROTEST or MOTION 

TO INTERVENE; (2) set forth in the 

heading the name of the applicant and 

the project number of the application to 

which the filing responds; (3) furnish 

the name, address, and telephone 

number of the person protesting or 

intervening; and (4) otherwise comply 

with the requirements of 18 CFR 

385.2001 through 385.2005. Agencies 

may obtain copies of the application 

directly from the applicant. A copy of 

any protest or motion to intervene must 

be served upon each representative of 

the applicant specified in the particular 

application. 

Dated: September 21, 2017. 

Kimberly D. Bose, 

Secretary. 

[FR Doc. 2017–20788 Filed 9–27–17; 8:45 am] 

BILLING CODE 6717–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Agency Information Collection 

Activities: Submission for OMB 

Review; Comment Request (OMB Nos. 

3064–0085 and 3064–0120) 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notice and request for comment. 

SUMMARY: The Federal Deposit 

Insurance Corporation (FDIC) will 

submit the following information 

collection request to the Office of 

Management and Budget (OMB) for 

review and approval in accordance with 

the Paperwork Reduction Act of 1995. 

The proposed information collections 

were previously published in the 

Federal Register on July 6, 2017, 

allowing for a 60-day comment. 

DATES: Comments are encouraged and 

will be accepted for an additional 30 

days until October 30, 2017. 

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/notices.html 

• Email: comments@fdic.gov. Please 

include the name and OMB control 

number of the relevant information 

collection in the subject line of the 

message. 

• Mail: Manny Cabeza, Counsel, 

Room 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. Written 

comments and/or suggestions can also 

be directed to the Office of Management 

and Budget, Office of Information and 

Regulatory Affairs, attention FDIC Desk 

Officer, New Executive Office Building, 

Washington DC 20503 or sent to OIRA_

submissions@omb.eop.gov. 

FOR FURTHER INFORMATION CONTACT: If 

you have additional comments, 

particularly with respect to the 

estimated public burden or associated 

response time, have suggestions, need a 

copy of any proposed information 

collection instrument and instructions, 

or desire any other additional 

information, please contact Manny 

Cabeza, Counsel, FDIC Legal Division 

either by mail at Room MB–3007, 

Federal Deposit Insurance Corporation, 

550 17th Street NW., Washington, DC 

20429; by email at mcabeza@fdic.gov; or 

by telephone at (202) 898–3767. 

SUPPLEMENTARY INFORMATION: Written 

comments and suggestions from the 

public and affected agencies concerning 

the proposed collections of information 

are encouraged. All comments received 

will become a matter of public record. 

Your comments should address one or 

more of the following four points: 

—Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information has practical 

utility; 

—Evaluate the accuracy of the agency’s 

estimate of the burden of the 

proposed information collection, 

including the validity of the 

methodology and assumptions used; 

—Evaluate whether and if so, how, the 

quality, utility, and clarity of the 

information to be collected can be 

enhanced; and 

—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. 

Overview of the Information Collection 

Request 

1. Title: Record Keeping, Reporting 

and Disclosure Requirements in 

Connection with the Equal Credit 

Opportunity Act Regulation B. 

OMB Number: 3064–0085. 

Form Number: None. 

Affected Public: Insured state 

nonmember banks and state savings 

associations. 

45286 Federal Register / Vol. 82, No. 187 / Thursday, September 28, 2017 / Notices 

1The average hours per response shown in the 

table are rounded, but the Estimated Annual 

Burden is calculated using the full decimal and 

then is rounded to the nearest hour. 

2Federal Reserve Bulletin, November 2016, Vol. 

102, No. 6. 

Burden Estimate: 1

Source and burden Number of 

respondents 

Annual 

frequency 

Total 

responses 

Average time 

per response 

(Minutes) 

Estimated 

annual burden 

(Hours) 

Reporting burden: 

Credit Reporting History (1002.10) ............................... 3,711 1,333 4,946,763 1 82,466 

Demographic Information Collected for Monitoring 

Purposes (1002.13(a)&(b)) ....................................... 3,711 279 1,035,369 1 17,256 

Total Reporting ...................................................... ........................ ........................ ........................ ........................ 99,702 

Disclosure Burden: 

Disclosure for Optional Self-Test (1002.5) ................... 50 1 50 2 2 

Notification (1002.9) ...................................................... 3,711 333 1,235,763 3 61,788 

Appraisal Report ...........................................................

(1002.14(a)(1)) .............................................................. 3,711 279 1,035,369 3 51,768 

Disclosure of Information Collected for Monitoring 

Purposes(1002.13(c)) ................................................ 3,711 279 1,035,369 1 17,256 

Notice of Right to Appraisal (1002.14(a)(2)) ......... 3,711 279 1,035,369 1 17,256 

Total Disclosure ..................................................... ........................ ........................ ........................ ........................ 148,071 

Recordkeeping Burden: 

Record Retention (Applications, Actions, Pre-Screened 

Solicitations)(1002.12) ...................................................... 3,711 1,333 4,946,763 3 247,338 

Record Retention (Self-Testing)(1002.12)(b)(6) .................. 50 1 50 3 3 

Total Recordkeeping ..................................................... ........................ ........................ ........................ ........................ 247,341 

Total Burden Hours ...................................................... ........................ ........................ ........................ ........................ 495,113 

General Description of Collection: 

Regulation B (12 CFR part 1002) issued 

by the Consumer Financial Protection 

Bureau, prohibits creditors from 

discriminating against applicants on any 

bases specified by the Equal Credit 

Opportunity Act; imposes, reporting, 

record keeping and disclosure 

requirements; establishes guidelines for 

gathering and evaluating credit 

information; and requires creditors to 

give applicants certain written notices. 

There is no change in the method or 

substance of the collection. The overall 

107,276 hour reduction in total 

estimated annual burden (from 602,389 

to 495,113 hours) is a result of economic 

fluctuation reflected in a reduction in 

the number of FDIC-supervised 

institutions, and because of the revision 

of the FDIC’s estimates of the number of 

responses and the average time required 

to respond to the various information 

collections tasks. 

Changes to Data and Assumptions: 

The burden estimates shown above 

include several changes from the 

estimates the FDIC previously provided 

for this information collection. The 

FDIC currently supervises 3,711 insured 

financial institutions, a decrease of 687 

from the 4,398 reported in 2014. 

Whereas the FDIC previously estimated 

that 25 percent (1,100) of its supervised 

institutions would conduct optional 

self-testing, the FDIC’s experience 

shows that very few banks actually 

conduct these optional tests; our revised 

estimate of 50 banks is likely high. The 

FDIC has also updated the annual 

frequencies for each burden. The FDIC 

believes the prior estimate of 850 

approved loans per year, on average, 

was too low and has increased its 

estimate to 1,000. The agency has also 

corrected the frequencies for sections 

1002.5 and 1002.12 which are 

completed only once per year. As a 

conservative estimate, FDIC assumes 

that the denial rate for residential real 

estate loans applications for covered 

institutions is 14 percent. According to 

Home Mortgage Disclosure Act (HMDA) 

data from 2015, the denial rate for 

conventional home-purchase loan 

applications was 10.8 percent, and the 

denial rate for nonconventional homepurchase loans was 13.9 percent.2 Call 

report data from June 30, 2017 shows 

that approximately 24 percent of total 

loan and lease balances are residential 

real estate loans (RRE), so, for purposes 

of estimating burden, FDIC assumes that 

24 percent of the number of loans relate 

to RRE. The FDIC estimates that 

approximately 25 percent of non-RRE 

loans are denied. 

The foregoing assumptions result in 

the following estimates: 

1,000 loans approved/(1 ¥ 25 percent) 

= 1,333 loan applications 

1,333 loan applications × 25 percent = 

333 loans denied 

1,000 loans approved × 24 percent = 240 

RRE loans 

240 RRE loans/(1 ¥ 14 percent) = 279 

RRE loan applications 

The table above now includes the 

burden estimate for section 1002.13 that 

was inadvertently omitted from prior 

information collection submissions. 

Section 1002.13(a), to monitor 

compliance, requires lenders to collect 

demographic information from loan 

applicants either on the application 

form or on a separate form. Section 

1002.13(b) & (c) involve disclosing to 

loan applicants the purpose and use of 

this demographic information. 

The burden table also deletes the 

prior estimated burden for 1002.15 

which only describes the eligibility for 

incentives for self-testing and selfcorrection and does not involve any 

disclosures, reporting, or recordkeeping 

requirements. 

The FDIC has updated its estimate of 

the number of burden hours required to 

complete each task. It has estimated a 

burden of one to three minutes for most 

tasks (0.017 to 0.05 hours), a figure not 

significantly different from the prior 

estimates. However, the FDIC believes 

that the prior burden estimates for selftesting were greatly overstated. Whereas 

previously, self-testing under section 

1002.12 was estimated to require two (2) 

hours to complete, the FDIC believes the 

recordkeeping requirement articulated 

Federal Register / Vol. 82, No. 187 / Thursday, September 28, 2017 / Notices 45287 

3https://www.fema.gov/flood-insurance-statisticscurrent-month (accessed June 15, 2017). 

4https://www.federalreserve.gov/econresdata/ 

releases/mortoutstand/mortoutstand20170331.htm 

(accessed June 15, 2017). 

in the rule should take only 3 minutes 

(0.05 hours) to complete. 

2. Title: Flood Insurance. 

OMB Number: 3064–0120. 

Form Number: None. 

Affected Public: Insured state 

nonmember banks and state savings 

associations. 

Burden Estimate: 

TABLE 1—BURDEN CALCULATION

Item Share of 

burden Hours Share Hours Hours Total hours 

1. Disclosure to the Borrower .................. 50% 0.50 90% 0.45 0.225 25,097 

2. Disclosure to the Servicer ................... ........................ ........................ ........................ ........................ 0.225 25,097 

3. Report to FEMA of a Change in 

Servicer ................................................ ........................ ........................ 10% 0.05 0.05 5,577 

4. Recordkeeping (Bank keeps a copy of 

all notifications) ..................................... 50 0.50 ........................ 0.50 0.50 55,770 

........................ 1.0 ........................ 1.0 1.0 111,540 

Respondents (FDIC supervised banks with real estate loans) ........................................................................................................... 3,718 

Frequency (Average no. of real estate loans serviced w/flood ins) .................................................................................................... 30 

Total burden ................................................................................................................................................................................. 111,540 

Sources: FDIC, FEMA, Federal Reserve Board. 

General Description of Collection: 

Each supervised lending institution is 

currently required to provide a notice of 

special flood hazards to each borrower 

with a loan secured by a building or 

mobile home located or to be located in 

an area identified by the Director of the 

Federal Emergency Management Agency 

as being subject to special flood hazards. 

The Riegle Community Development 

Act requires that each institution also 

provide a copy of the notice to the 

servicer of the loan (if different from the 

originating lender). 

There is no change in the method or 

substance of the collection. There is an 

overall reduction in burden hours 

which is the result of (1) economic 

fluctuation reflected by a decrease in the 

number of FDIC-supervised institutions 

and (2) a decrease in the number of 

flood insurance policies nationally. In 

particular, the number of respondents 

and the frequency of response (number 

of loans) have decreased while the 

hours per response remain the same. 

Changes to Data and Assumptions: 

FDIC estimates total annual burden to 

be 111,540 hours. To obtain this figure, 

FDIC relied on: (a) Data from the Federal 

Emergency Management Agency 

(FEMA) as of May 2017; (b) FDIC Call 

Report data as of March 31, 2017; and 

(c) Federal Reserve Board mortgage data 

as of March 31, 2017. 

FEMA reported there were 4,983,954 

flood insurance policies in effect with a 

total insured value of 

$1,238,657,149,400.3

FDIC Call Report data showed that as 

of March 31, 2017, there were a total of 

5,790 FDIC-insured institutions with a 

total of $4.25 trillion in 1–4 family; 

multifamily; nonfarm, nonresidential, 

and agricultural loans secured by real 

estate. As of March 31, 2017, there were 

3,718 FDIC-regulated institutions with a 

total value of about $1.19 trillion in 

these loans. Based on the foregoing, we 

estimate that FDIC-regulated banks hold 

27.9% of these assets. 

The Federal Reserve Board reported 

$14.41 trillion in mortgage debt 

outstanding in the U.S., with $4.63 

trillion (32.4%) held by depository 

institutions.4 Since this total debt held 

by banks is close to the value of these 

real estate loans from Call Report data, 

we have confidence that we can meld 

the data sets for estimation purposes. 

We therefore assume that 32.4% of the 

value of flood insurance policies will be 

held by U.S. commercial banks: $401 

billion. 

In the absence of any data on the 

number of real estate loans with flood 

insurance at any bank, we resort to 

apportion 32.4% of the number of flood 

insurance policies (1,614,801) to 

commercial banks, and 27.9% of those 

to FDIC-regulated institutions (451,177). 

Because the value of property varies 

greatly between different geographical 

regions and different banks, it is 

doubtful that this estimation of the 

number of policies is accurate. 

However, there exists no other 

reasonable method for deriving the 

number of policies at each bank given 

available data. 

Next, we apportioned the 451,177 

flood insurance policies to each FDICregulated institution according to its 

share of real estate loans to total real 

estate loans. The resulting 

apportionment results in an average of 

121 policies per bank, and a median of 

30 policies per bank. Because the 

average is skewed by the large number 

of policies at large banks, we believe the 

median is a better measure for 

calculating burden hours. 

Our subject-matter experts (SMEs) for 

this rule believe that the total burden to 

the public for complying with this rule 

is 1.0 hours per policy. We find four 

PRA related tasks in this rule: (1) 

Disclosure to Borrowers, (2) Disclosure 

to Servicers, (3) Reporting to FEMA of 

Changes in Coverage, and (4) 

Recordkeeping for tasks 1–3 above. We 

assume that Recordkeeping will 

comprise 1⁄2 hour, and the remaining 1⁄2

is split between the other tasks. We 

assume that 90% of policies will 

involve a new origination, and 10% of 

policies will involve a change in status. 

With 3,718 respondents holding a 

median of 30 policies and 1 hour of 

burden per policy, we calculate a total 

burden of 111,540 hours. This burden is 

apportioned to each task as shown in 

Table 1 above. 

Dated at Washington, DC, this 22nd day of 

September, 2017. Federal Deposit Insurance 

Corporation. 

Valerie J. Best, 

Assistant Executive Secretary. 

[FR Doc. 2017–20759 Filed 9–27–17; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL RESERVE SYSTEM 

Formations of, Acquisitions by, and 

Mergers of Savings and Loan Holding 

Companies 

The companies listed in this notice 

have applied to the Board for approval,