60-Day Federal Register Notice

Federal Register / Vol. 82, No. 128 / Thursday, July 6, 2017 / Notices
Direct all PRA comments to
Nicole Ongele, FCC, via email PRA@
fcc.gov and to Nicole.Ongele@fcc.gov.
FOR FURTHER INFORMATION CONTACT: For
additional information about the
information collection, contact Nicole
Ongele at (202) 418–2991.
SUPPLEMENTARY INFORMATION: As part of
its continuing effort to reduce
paperwork burdens, and as required by
the Paperwork Reduction Act (PRA) of
1995 (44 U.S.C. 3501–3520), the Federal
Communications Commission (FCC or
Commission) invites the general public
and other Federal agencies to take this
opportunity to comment on the
following information collections.
Comments are requested concerning:
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
the accuracy of the Commission’s
burden estimate; ways to enhance the
quality, utility, and clarity of the
information collected; ways to minimize
the burden of the collection of
information on the respondents,
including the use of automated
collection techniques or other forms of
information technology; and ways to
further reduce the information
collection burden on small business
concerns with fewer than 25 employees.
OMB Control Number: 3060–0760.
Title: 272 Sunset Order, WC Docket
No. 06–120; Access Charge Reform, CC
Docket No. 96–262, First Report and
Order; Second Order on
Reconsideration and Memorandum
Opinion and Order; and Fifth Report
and Order; Business Data Services
Report and Order, WC Docket No. 16–
143 et al.
Form Number: N/A.
Type of Review: Revision of a
currently approved collection.
Respondents: Business or other forprofit.
Number of Respondents and
Responses: 13 respondents; 66
responses.
Estimated Time per Response: 3–80
hours.
Frequency of Response: One-time
reporting requirement; on-occasion
reporting requirement; third-party
disclosure requirement.
Obligation To Respond: Required to
obtain or retain benefits. Statutory
authority for this information collection
is contained in 47 U.S.C. 1, 4(i)–(j), 201–
205, and 303(r) of the Communications
Act of 1934, as amended, 47 U.S.C. 151,
154(i)–(j), 201–205, and 303(r).
Total Annual Burden: 1,256 hours.
Total Annual Cost: $61,050.

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ADDRESSES:

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Privacy Act Impact Assessment: No
impact(s).
Nature and Extent of Confidentiality:
The information requested is not of a
confidential nature. However,
respondents may request materials or
information submitted to the
Commission be withheld from public
inspection under 47 CFR 0.459 of the
Commission’s rules.
Needs and Uses: On April 28, 2017,
the Commission released the Business
Data Services Order, WC Docket No. 16–
143 et al., FCC 17–43, reforming the
business data services/special access
regulations for incumbent and
competitive LECs. The Commission’s
reforms included replacing the
application-based pricing flexibility
rules with a new framework under
which: (a) Packet-based services, time
division multiplexing (TDM) services
with bandwidth greater than 45 mbps,
and TDM transport services are not
subject to ex ante pricing regulation; (b)
a new standard is applied to determine
the extent to which the Commission
regulates price cap LECs’ TDM end user
channel terminations with bandwidth
less than 45 mbps and certain other low
bandwidth business data services.
Under this standard, a price cap LEC is
not subject to ex ante pricing regulation
in the provision of these services in
counties deemed competitive under the
Commission’s competitive market test
or for which the price cap LEC
previously obtained Phase II pricing
flexibility; (c) the price cap LEC is
subject to ex ante pricing regulation in
other counties where it is the incumbent
LEC, but in these counties the price cap
LEC has downward pricing flexibility
(i.e., the equivalent of Phase I pricing
flexibility under the prior rules); and (d)
the Commission will update the
competitive market test results every
three years using data already collected
in FCC Form 477.
Among other rules changes, the
Business Data Services Report and
Order repealed section 1.774, which set
forth requirements for pricing flexibility
applications, and added section 1.776,
which limits the circumstances under
which price cap LECs must file their
business data services contracts as
contract-based tariffs. The Commission
also amended section 69.701 of its rules
to specify that its pricing flexibility
rules no longer apply to business data
services.
Federal Communications Commission.
Marlene H. Dortch,
Secretary, Office of the Secretary.
[FR Doc. 2017–14217 Filed 7–5–17; 8:45 am]
BILLING CODE 6712–01–P

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31325

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewals; Comment Request (3064–
0085 & –0120)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

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.
Currently, the FDIC is soliciting
comment on renewal of the information
collections described below.
DATES: Comments must be submitted on
or before September 5, 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. Include
the name and number of the collection
in the subject line of the message.
• Mail: Manny Cabeza (202–898–
3767). Counsel, 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:
Manny Cabeza at the FDIC address
noted above.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currently
approved collections of information:
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.
Burden Estimate:
SUMMARY:

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31326

Federal Register / Vol. 82, No. 128 / Thursday, July 6, 2017 / Notices
Estimated
annual burden
(hours)

Source and burden type

Number of
respondents

Annual
frequency

Total
responses

Average time per
response

Credit Reporting History (1002.10) Reporting ...........
Total Reporting ...................................................
Disclosure for Optional Self-Test (1002.5) Third
Party Disclosure.
Notifications (1002.9) Third Party Disclosure ............
Appraisal Report Upon Request (1002.12(a)(1))
Third Party Disclosure.
Notice of Right to Appraisal (1002.14(a)(2)) Third
Party Disclosure.
Total Third Party Disclosure ...............................
Record Retention (Applications, Actions, PreScreened Solicitations)(1002.12) Record Keeping.
Record Retention (Self-Testing)(1002.12) Record
Keeping.
Record Retention (Self-Testing Self-Correction)
(1002.15) Record Keeping.

3,744
........................
1,100

850
........................
2,500

3,182,400
........................
2,750,000

2 Minutes ................
.................................
1 Minute ..................

106,080
106,080
45,833

3,744
3,744

1,715
190

6,420,960
711,360

2 Minutes ................
5 Minutes ................

214,032
59,280

3,744

1,650

6,177,600

1 Minute ..................

102,960

........................
3,744

........................
360

........................
1,347,840

.................................
1 Minute ..................

422.105
22,464

1,100

1

1,100

2 Hours ...................

2,200

275

1

275

8 Hours ...................

2,200

Total Record Keeping .........................................

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

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

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

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

26,864

Total Estimated Annual Burden ...................

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

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

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

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

555,049

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
reduction in burden hours is a result of
economic fluctuation. In particular, the

number of respondents has decreased
while the reporting frequency and the
estimated time per response remain the
same.
2. Title: Flood Insurance.
OMB Number: 3064–0120.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate: 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.
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.

TABLE 1—BURDEN CALCULATION
Item
1.
2.
3.
4.

Disclosure to the Borrower ..........................................
Disclosure to the Servicer ...........................................
Report to FEMA of a Change in Servicer ...................
Recordkeeping (Bank keeps a copy of all notifications) .............................................................................

Respondents (FDIC supervised banks with real estate
loans) ............................................................................
Frequency (Average no. of real estate loans serviced w/
flood ins) .......................................................................
Total burden ..............................................................

Share of
burden

Hours

Share

Hours

50%
....................
....................

0.50
....................
....................

90%
....................
10%

0.45
....................
0.05

0.225
0.225
0.05

25,097
25,097
5,577

50%

0.50
1.0

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

0.50
1.0

0.50
1.0

55,770
111,540

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

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

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

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

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

3,718

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

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

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

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

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

30

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

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

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

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

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

111,540

Hours

Total hours

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Sources: FDIC, FEMA, Federal Reserve Board.

FEMA reported there were 4,983,954
flood insurance policies in effect with a
total insured value of
$1,238,657,149,400.1

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

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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

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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

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sradovich on DSK3GMQ082PROD with NOTICES

Federal Register / Vol. 82, No. 128 / Thursday, July 6, 2017 / Notices
institutions.2 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.
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
2 https://www.federalreserve.gov/econresdata/
releases/mortoutstand/mortoutstand20170331.htm
(accessed June 15, 2017).

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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).
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 30th day of
June, 2017.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017–14151 Filed 7–5–17; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
Federal Election Commission.
& TIME: Tuesday, July 11, 2017 at
10:00 a.m. and its Continuation at the
Conclusion of the open meeting on July
13, 2017.
PLACE: 999 E Street NW., Washington,
DC.
STATUS: This meeting will be closed to
the public.
ITEMS TO BE DISCUSSED: Compliance
matters pursuant to 52 U.S.C. 30109.
Information the premature disclosure
of which would be likely to have a
considerable adverse effect on the
implementation of a proposed
Commission action.
Matters concerning participation in
civil actions or proceedings or
arbitration.
*
*
*
*
*
PERSON TO CONTACT FOR INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
AGENCY:
DATE

Laura E. Sinram,
Acting Deputy Secretary of the Commission.
[FR Doc. 2017–14285 Filed 7–3–17; 4:15 pm]
BILLING CODE 6715–01–P

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31327

FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:

The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, without revision, the
Government Securities Dealers Reports
(FR 2004; OMB No. 7100–0003) and a
proposal to extend for three years, with
revision, the voluntary Weekly Report of
Selected Assets and Liabilities of
Domestically Chartered Commercial
Banks and U.S. Branches and Agencies
of Foreign Banks (FR 2644; OMB No.
7100–0075).
On June 15, 1984, the Office of
Management and Budget (OMB)
delegated to the Board authority under
the Paperwork Reduction Act (PRA) to
approve of and assign OMB control
numbers to collection of information
requests and requirements conducted or
sponsored by the Board. In exercising
this delegated authority, the Board is
directed to take every reasonable step to
solicit comment. In determining
whether to approve a collection of
information, the Board will consider all
comments received from the public and
other agencies.
DATES: Comments must be submitted on
or before September 5, 2017.
ADDRESSES: You may submit comments,
identified by FR 2004 or FR 2644, by
any of the following methods:
• Agency Web site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at
http://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email: regs.comments@
federalreserve.gov. Include OMB
number in the subject line of the
message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue NW., Washington,
DC 20551.
All public comments are available from
the Board’s Web site at http://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
SUMMARY:

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