30-Day Federal Register Notice

FR2-0099 Application for Waiver of Prohibition on Acceptance of Brokered Deposits 82 FR 34668 July 26 2017.pdf

Application for Waiver of Prohibition on Acceptance of Brokered Deposits

30-Day Federal Register Notice

OMB: 3064-0099

Document [pdf]
Download: pdf | pdf
34668

Federal Register / Vol. 82, No. 142 / Wednesday, July 26, 2017 / Notices

receivership shall be terminated, to be
effective no sooner than thirty days after
the date of this notice. If any person
wishes to comment concerning the
termination of the receivership, such
comment must be made in writing and
sent within thirty days of the date of
this notice to:
Federal Deposit Insurance Corporation,
Division of Resolutions and Receiverships,
Attention: Receivership Oversight
Department 34.6, 1601 Bryan Street, Dallas,
TX 75201.

Dated: July 21, 2017.
Robert E. Feldman,
Executive Secretary, Federal Deposit
Insurance Corporation.
[FR Doc. 2017–15709 Filed 7–25–17; 8:45 am]
BILLING CODE 6714–01–P

No comments concerning the
termination of this receivership will be
considered which are not sent within
this time frame.

FEDERAL DEPOSIT INSURANCE
CORPORATION

Date: July 20, 2017.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.

Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (3064–
0099; –0118; –0148 and –0153)

[FR Doc. 2017–15621 Filed 7–25–17; 8:45 am]

Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION

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 existing
information collections, as required by
the Paperwork Reduction Act of 1995.
On April 28, 2017, the FDIC requested
comment for 60 days on a proposal to
renew the information collections
described below. No comments were
received. The FDIC hereby gives notice
of its plan to submit to OMB a request
to approve the renewal of these
collections, and again invites comment
on this renewal.
DATES: Comments must be submitted on
or before August 25, 2017.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
SUMMARY:

Notice of Termination—10314
Allegiance Bank of North America,
Bala Cynwyd, Pennsylvania
The Federal Deposit Insurance
Corporation (FDIC), as Receiver for
10314 Allegiance Bank of North
America, Bala Cynwyd, Pennsylvania
(Receiver) has been authorized to take
all actions necessary to terminate the
receivership estate of Allegiance Bank of
North America (Receivership Estate);
the Receiver has made all dividend
distributions required by law.
The Receiver has further irrevocably
authorized and appointed FDICCorporate as its attorney-in-fact to
execute and file any and all documents
that may be required to be executed by
the Receiver which FDIC-Corporate, in
its sole discretion, deems necessary;

mstockstill on DSK30JT082PROD with NOTICES

including but not limited to releases,
discharges, satisfactions, endorsements,
assignments and deeds. Effective July 1,
2017, the Receivership Estate has been
terminated, the Receiver discharged,
and the Receivership Estate has ceased
to exist as a legal entity.

• http://www.FDIC.gov/regulations/
laws/federal/notices.html.
• 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), Counsel, MB–3007, or Jennifer
Jones (202–898–6768), Counsel, MB–
3105, 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:
Manny Cabeza or Jennifer Jones, at the
FDIC address above.
SUPPLEMENTARY INFORMATION: On April
28, 2017, (82 FR 19718), the FDIC
requested comment for 60 days on a
proposal to renew the information
collections described below. No
comments were received. The FDIC
hereby gives notice of its plan to submit
to OMB a request to approve the
renewal of these collections, and again
invites comment on this renewal.
Proposal to renew the following
currently approved collections of
information:
1. Title: Application for Waiver of
Prohibition on Acceptance of Brokered
Deposits.
OMB Number: 3064–0099.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

Type of burden

Estimated
number of
respondents

Estimated
time per
response
(hours)

Frequency of response

Total annual
estimated
burden
(hours)

Reporting ........................................................

30

6

On Occasion ...................................................

180

General Description of Collection:
Section 29 of the Federal Deposit
Insurance Act prohibits
undercapitalized insured depository
institutions from accepting, renewing,
or rolling over any brokered deposits.
Adequately capitalized institutions may
do so with a waiver from the FDIC,
while well-capitalized institutions may
accept, renew, or roll over brokered

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17:49 Jul 25, 2017

Jkt 241001

deposits without restriction. This
information collection captures the
burden associated with preparing and
filing an application for a waiver of the
prohibition on the acceptance of
brokered deposits.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is a result of
economic fluctuation. In particular, the

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number of respondents has decreased
while the hours per response remain the
same.
2. Title: Management Official
Interlocks.
OMB Number: 3064–0118.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.

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Federal Register / Vol. 82, No. 142 / Wednesday, July 26, 2017 / Notices

34669

Burden Estimate:

Type of burden

Estimated
number of
respondents

Estimated
time per
response

Frequency of response

Total annual
estimated
burden
(hours)

Reporting .......................................................

3

7

On Occasion ..................................................

21

General Description of Collection: The
FDIC’s Management Official Interlocks
regulation, 12 CFR 348, which
implements the Depository Institutions
Management Interlocks Act (DIMIA), 12
U.S.C. 3201–3208, generally prohibits
bank management officials from serving
simultaneously with two unaffiliated
depository institutions or their holding
companies but allows the FDIC to grant
exemptions in appropriate
circumstances. Consistent with DIMIA,
the FDIC’s Management Official
Interlocks regulation has an application

requirement requiring information
specified in the FDIC’s procedural
regulation. The rule also contains a
notification requirement.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is a result of
economic fluctuation as well as the
change in complexity of the reporting
institutions. In particular, the number of
respondents has decreased while the
hours per response have increased due
to the complexity of the reporting
institutions.

3. Title: Interagency Statement on
Sound Practices Concerning Complex
Structured Finance Transactions.
OMB Number: 3064–0148.
Form Number: Interagency Statement
on Sound Practices Concerning Elevated
Risk Complex Structured Finance
Activities.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

Type of burden

Estimated
number of
respondents

Estimated
time per
response

Frequency of response

Total annual
estimated
burden
(hours)

Recordkeeping ...............................................

4

25

On Occasion ..................................................

100

General Description of Collection: The
Interagency Statement on Sound
Practices Concerning Complex
Structured Finance Transactions
describes the types of internal controls
and risk management procedures that
the Agencies believe are particularly
effective in assisting financial
institutions to identify, evaluate, assess,
document, and control the full range of
credit, market, operational, legal and

reputational risks. A financial
institution that engages in complex
structured finance transactions should
maintain a set of formal, written, firmwide policies and procedures that are
designed to allow the institution to
identify and assess these risks.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is a result of
economic fluctuation. In particular, the

number of respondents has decreased
while the hours per response remain the
same.
4. Title: Regulatory Capital Rules.
OMB Number: 3064–0153.
Form Number: None.
Affected Public: State nonmember
banks, state savings associations, and
certain subsidiaries of those entities.
Burden Estimate:

mstockstill on DSK30JT082PROD with NOTICES

ESTIMATED HOURLY BURDEN
Estimated
number of
respondents

Type of burden

Implementation plan—Section _.121(b): Ongoing ...
Documentation of advanced systems—Section
_.122(j): Ongoing.
Systems maintenance—Sections _.122(a), _123(a),
_.124(a): Ongoing.
Supervisory approvals—Sections_.122(d)–(h), _
.132(b)(3), _.132(d)(1), _.132(d)(1)(iii): Ongoing.
Control, oversight and verification of systems—
Sections _.122 to _.124: Ongoing.
(CCR)—Section _.132(b)(2)(iii)(A): One-time ...........
(CCR)—Section _.132(b)(2)(iii)(A): Ongoing ............
(CCR)—Section _.132(d)(2)(iv): One-time ...............
(CCR)—Section _.132(d)(2)(iv): Ongoing ................
(CCR)—Section _.132(d)(3)(vi): One-time ...............
(CCR)—Section _.132(d)(3)(viii): One-time ..............
(CCR)—Section _.132(d)(3)(viii) Ongoing ................
(CCR)—Section _.132(d)(3)(ix): One-time ...............
(CCR)—Section _.132(d)(3)(ix): Ongoing ................
(CCR)—Section _.132(d)(3)(x): One-time ................
(CCR)—Section _.132(d)(3)(xi): One-time ...............
(CCR)—Section _.132(d)(3)(xi): Ongoing ................

Recordkeeping .......
Recordkeeping .......

2
2

330.0
19.0

On Occasion .....
On Occasion .....

660
38

Recordkeeping .......

2

27.9

On Occasion .....

56

Recordkeeping .......

2

16.8

On Occasion .....

34

Recordkeeping .......

2

11.1

On Occasion .....

22

Recordkeeping
Recordkeeping
Recordkeeping
Recordkeeping
Recordkeeping
Recordkeeping
Recordkeeping
Recordkeeping
Recordkeeping
Recordkeeping
Recordkeeping
Recordkeeping

1
2
1
2
1
1
2
1
2
1
1
2

80.0
16.0
80.0
40.0
80.0
80.0
10.0
40.0
40.0
20.0
40.0
40.0

On Occasion .....
On Occasion .....
On Occasion .....
On Occasion .....
On Occasion .....
On Occasion .....
Quarterly ...........
On Occasion .....
On Occasion .....
On Occasion .....
On Occasion .....
On Occasion .....

80
32
80
80
80
80
80
40
80
20
40
80

VerDate Sep<11>2014

17:49 Jul 25, 2017

Jkt 241001

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.......
.......
.......
.......
.......
.......
.......
.......
.......
.......
.......
.......

Fmt 4703

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Estimated time
per response

E:\FR\FM\26JYN1.SGM

Frequency of
response

Total annual
estimated
burden

BASEL III advanced approaches: recordkeeping
and disclosure

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34670

Federal Register / Vol. 82, No. 142 / Wednesday, July 26, 2017 / Notices
ESTIMATED HOURLY BURDEN—Continued

(OC)—Section
_.141(b)(3),
_.141(c)(1),
_.141(c)(2)(i)–(ii), _.153: One-time.
(OC)—Section _.141(c)(2)(i)-(ii): Ongoing ................
Sections _.142 and _.171: Ongoing .........................
(CCB and CCYB)—Section _.173, Table 4 (CR)
_.173, Table 5 (Securitization) _.173, Table 9
(IRR) _.173, Table 12: Ongoing.
(CCB and CCYB)—Section _.173, Table 4 (CR)
Section _.173, Table 5 (Sec.) Section _.173,
Table 9 (IRR) Section _.173, Table 12: One-time.
Subtotal: One-time Recordkeeping and Disclosure.
Subtotal: Ongoing Recordkeeping and Disclosure.

Recordkeeping .......

1

40.0

On Occasion .....

40

Recordkeeping .......
Disclosure ..............
Disclosure ..............

2
2
2

10.0
5.8
35.0

Quarterly ...........
On Occasion .....
Quarterly ...........

80
12
280

Disclosure ..............

1

280.0

On Occasion .....

280

................................

........................

........................

...........................

740

................................

........................

........................

...........................

1,533

Total Recordkeeping and Disclosure .........

................................

........................

........................

...........................

2,273

Minimum regulatory capital ratios: recordkeeping

Type of burden

Estimated
number of
respondents

Estimated time
per response

Frequency of
response

(CCR Operational Requirements)—Sections _.3(c)
and_.22(h)(2)(iii)(A): Ongoing.
Subtotal: One-time Recordkeeping ...................
Subtotal: Ongoing Recordkeeping ....................

Recordkeeping .......

3,787

16.0

On Occasion .....

60,592

................................
................................

........................
........................

........................
........................

...........................
...........................

0
60,592

Total Recordkeeping ..................................

................................

........................

........................

...........................

60,592

Type of burden

Estimated
number of
respondents

Estimated time
per response

Frequency of
response

(QCCP)—Section _.35(b)(3)(i)(A): One-time ............
(QCCP)—Section _.35(b)(3)(i)(A): Ongoing .............
(CT)—Section _.37(c)(4)(i)(E): One-time .................
(CT)—Section _.37(c)(4)(i)(E): Ongoing ...................
(SE)—Section _.41(b)(3) and _.41(c)(2)(i): Onetime.
(SE)—Section _.41(c)(2)(i): Ongoing .......................
(S.E.)—Section
_.42(e)(2),
(C.R.)
Sections_.62(a),(b),& (c), (Q&Q) Sections _.63(a) &
(b): One-time.
(S.E.)—Section
_.42(e)(2),
(C.R.)
Sections_
.62(a),(b),& (c), (Q&Q) Sections_.63(a) & (b) and
_.63 Tables: Ongoing.
Subtotal: One-time Recordkeeping and Disclosure.
Subtotal: Ongoing Recordkeeping and Disclosure.

On Occasion .....
On Occasion .....

7,574
226

1

131.3

Quarterly ...........

525

................................

........................

........................

...........................

348

................................

........................

........................

...........................

76,265

Total Recordkeeping and Disclosure .........

................................

........................

........................

...........................

76,613

Total Burden Hours ....................................

................................

........................

........................

...........................

139,478

Jkt 241001

2.0
2.0
80.0
16.0
40.0

Recordkeeping .......
Disclosure ..............

3,787
1

Disclosure ..............

those entities. The data is used by the
FDIC to evaluate capital before
approving various applications by
insured depository institutions, to
evaluate capital as an essential
component in determining safety and
soundness, and to determine whether an

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On
On
On
On
On

Occasion
Occasion
Occasion
Occasion
Occasion

Total annual
estimated
burden

2.0
226.3

17:49 Jul 25, 2017

1
3,787
1
3,787
1

Total annual
estimated
burden

2
7,574
80
60,592
40

VerDate Sep<11>2014

.......
.......
.......
.......
.......

Frequency of
response

.....
.....
.....
.....
.....

General Description of Collection:
This collection comprises the disclosure
and recordkeeping requirements
associated with minimum capital
requirements and overall capital
adequacy standards for insured state
nonmember banks, state savings
associations, and certain subsidiaries of

Recordkeeping
Recordkeeping
Recordkeeping
Recordkeeping
Recordkeeping

Estimated time
per response

Total annual
estimated
burden

Type of burden

Standardized approach: recordkeeping and disclosure

mstockstill on DSK30JT082PROD with NOTICES

Estimated
number of
respondents

BASEL III advanced approaches: recordkeeping
and disclosure

institution is subject to prompt
corrective action provisions.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is a result of
economic fluctuation. In particular, the
number of respondents has decreased
while the hours per response remain the

E:\FR\FM\26JYN1.SGM

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Federal Register / Vol. 82, No. 142 / Wednesday, July 26, 2017 / Notices
same. The overall reduction in burden
hours also reflects a decrease in the
number of entities that will incur any
one-time implementation burden, as a
majority of the entities have already
fully implemented the one-time
requirements associated with the rule.
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.
Dated at Washington, DC, this 20th day of
July, 2017.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017–15617 Filed 7–25–17; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION

mstockstill on DSK30JT082PROD with NOTICES

Notice to All Interested Parties of the
Termination of the Receivership of
10124—Jennings State Bank, Spring
Grove, Minnesota
Notice is hereby given that the Federal
Deposit Insurance Corporation (FDIC) as
Receiver for Jennings State Bank, Spring
Grove, Minnesota (‘‘the Receiver’’)
intends to terminate its receivership for
said institution. The FDIC was
appointed Receiver of Jennings State
Bank on October 2, 2009. The
liquidation of the receivership assets
has been completed. To the extent
permitted by available funds and in
accordance with law, the Receiver will
be making a final dividend payment to
proven creditors.
Based upon the foregoing, the
Receiver has determined that the
continued existence of the receivership
will serve no useful purpose.
Consequently, notice is given that the
receivership shall be terminated, to be
effective no sooner than thirty days after
the date of this notice. If any person
wishes to comment concerning the
termination of the receivership, such
comment must be made in writing and

VerDate Sep<11>2014

17:49 Jul 25, 2017

Jkt 241001

sent within thirty days of the date of
this notice to: Federal Deposit Insurance
Corporation, Division of Resolutions
and Receiverships, Attention:
Receivership Oversight Department
34.6, 1601 Bryan Street, Dallas, TX
75201.
No comments concerning the
termination of this receivership will be
considered which are not sent within
this time frame.
Dated: July 21, 2017.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017–15655 Filed 7–25–17; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice to All Interested Parties of the
Termination of the Receivership of
10453—Second Federal Savings and
Loan Association of Chicago, Chicago,
Illinois
NOTICE IS HEREBY GIVEN that the
Federal Deposit Insurance Corporation
(FDIC) as Receiver for Second Federal
Savings and Loan Association of
Chicago, Chicago, Illinois (‘‘the
Receiver’’) intends to terminate its
receivership for said institution. The
FDIC was appointed Receiver of Second
Federal Savings and Loan Association of
Chicago on July 20, 2012. The
liquidation of the receivership assets
has been completed. To the extent
permitted by available funds and in
accordance with law, the Receiver will
be making a final dividend payment to
proven creditors.
Based upon the foregoing, the
Receiver has determined that the
continued existence of the receivership
will serve no useful purpose.
Consequently, notice is given that the
receivership shall be terminated, to be
effective no sooner than thirty days after
the date of this notice. If any person
wishes to comment concerning the
termination of the receivership, such
comment must be made in writing and
sent within thirty days of the date of
this notice to: Federal Deposit Insurance
Corporation, Division of Resolutions
and Receiverships, Attention:
Receivership Oversight Department
34.6, 1601 Bryan Street, Dallas, TX
75201.
No comments concerning the
termination of this receivership will be
considered which are not sent within
this time frame.

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Dated: July 20, 2017.

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34671

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017–15622 Filed 7–25–17; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The applications will also be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
a nonbanking company, the review also
includes whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act
(12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be
conducted throughout the United States.
Unless otherwise noted, comments
regarding each of these applications
must be received at the Reserve Bank
indicated or the offices of the Board of
Governors not later than August 21,
2017.
A. Federal Reserve Bank of
Philadelphia (William Spaniel, Senior
Vice President) 100 North 6th Street,
Philadelphia, Pennsylvania 19105–
1521. Comments can also be sent
electronically to
Comments.applications@phil.frb.org:
1. Riverview Financial Corporation,
Harrisburg, Pennsylvania; to acquire
voting shares of CBT Financial Corp.,
and thereby indirectly acquire shares of
Clearfield Bank, both of Clearfield,
Pennsylvania.

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