60-Day Federal Register Notice

FR1-0046 Home Mortgage Disclosure Act 84 FR 33259 12 JUL 2019.pdf

Home Mortgage Disclosure (HMDA)

60-Day Federal Register Notice

OMB: 3064-0046

⚠️ Notice: This form may be outdated. More recent filings and information on OMB 3064-0046 can be found here:

2022-11-10 - Revision of a currently approved collection

Document [pdf]

Download: pdf | pdf

Federal Register / Vol. 84, No. 134 / Friday, July 12, 2019 / Notices
Dated: June 27, 2019.
Scott Mathias,
Acting Director, Air Quality Policy Division.
[FR Doc. 2019–14884 Filed 7–11–19; 8:45 am]
BILLING CODE 6560–50–P

ENVIRONMENTAL PROTECTION
AGENCY
[FRL–9996–01–OMS]

National Advisory Council for
Environmental Policy and Technology
Environmental Protection
Agency (EPA).
ACTION: Notice of Federal Advisory
Committee meeting.
AGENCY:

Under the Federal Advisory
Committee Act, Public Law 92463, the
Environmental Protection Agency (EPA)
gives notice of a public meeting of the
National Advisory Council for
Environmental Policy and Technology
(NACEPT). NACEPT provides advice to
the EPA Administrator on a broad range
of environmental policy, technology,
and management issues. NACEPT
members represent academia, Business/
industry, non-governmental
organizations, and local, state, and tribal
governments. The purpose of this
meeting is for NACEPT to begin
developing recommendations in
response to the agency’s charge on how
to best incorporate a product durability
rating system to help protect the
environment and health of Alaskan
communities.
A copy of the meeting agenda will be
posted at http://www2.epa.gov/faca/
nacept.
DATES: NACEPT will hold a two-day
public meeting on July 25, 2019, from
9:30 a.m. to 5:30 p.m. (EST) and July 26,
2019, from 9:30 a.m. to 2 p.m. (EST).
ADDRESSES: The meeting will be held at
the EPA Headquarters, William Jefferson
Clinton Federal Building South, Room
2138, 1200 Pennsylvania Avenue NW,
Washington, DC 20460.
FOR FURTHER INFORMATION CONTACT:
Eugene Green, Designated Federal
Officer, green.eugene@epa.gov, (202)
564–2432, U.S. EPA, Federal Advisory
Committee Management Division
(MC1601M), 1200 Pennsylvania Avenue
NW, Washington, DC 20460.
SUPPLEMENTARY INFORMATION: Requests
to make oral comments or to provide
written comments to NACEPT should be
sent to Eugene Green at green.eugene@

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SUMMARY:

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epa.gov by July 18, 2019. The meeting
is open to the public, with limited
seating available on a first-come, firstserved basis. Members of the public
wishing to attend should contact Eugene
Green via email or by calling (202) 564–
2432 no later than July 18, 2019.
Meeting Access: Information regarding
accessibility and/or accommodations for
individuals with disabilities, should be
directed to Eugene Green at the email
address or phone number listed above.
To ensure adequate time for processing,
please make requests for
accommodations at least 10 days prior
to the meeting.
Dated: June 21, 2019.
Eugene Green,
Program Analyst.
[FR Doc. 2019–14883 Filed 7–11–19; 8:45 am]
BILLING CODE 6560–50–P

EXPORT–IMPORT BANK OF THE
UNITED STATES
Sunshine Act Meeting
Wednesday, July 31,
2019, at 9:30 a.m. (EST).

TIME AND DATE:

811 Vermont Avenue NW, Room
1125, Washington, DC 20571.

PLACE:

Portions of this meeting will be
open to the public. Remaining items
will be closed to the public.

STATUS:

Open
Meeting of the Board of Directors of the
Export-Import Bank of the United States
(EXIM Bank):

MATTERS TO BE CONSIDERED:

1. Small Business Update
2. Economic Impact Procedures
The
meeting will be open to public
participation for Items No. 1 & 2 only.

PORTIONS OPEN TO THE PUBLIC:

CONTACT PERSON FOR MORE INFORMATION:

Members of the public who wish to
attend the meeting should call Kita Hall,
Office of the General Counsel, 811
Vermont Avenue NW, Washington, DC
20571 (202) 565–3584 by 4:00 p.m.
(EST), Monday, July 29, 2019.
Joyce Brotemarkle Stone,
Assistant Corporate Secretary.
[FR Doc. 2019–14995 Filed 7–10–19; 4:15 pm]
BILLING CODE 6690–01–P

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33259

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request (OMB No.
3064–0046; –0113; and –0169)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The FDIC, as part of its
obligations under the Paperwork
Reduction Act of 1995 (PRA), invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collections described below
(3064–0046; –0113; and –0169).
DATES: Comments must be submitted on
or before September 10, 2019.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal.
• 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–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 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, Counsel, 202–898–3767,
mcabeza@fdic.gov, 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: Home Mortgage Disclosure
(HMDA).
OMB Number: 3064–0046.
Form Number: None.
Affected Public: Insured state
nonmember banks.
Burden Estimate:
SUMMARY:

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Federal Register / Vol. 84, No. 134 / Friday, July 12, 2019 / Notices
SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Information collection (IC)
description

Type of burden

Obligation to
respond

Home Mortgage Disclosure

Reporting .....................
Recordkeeping .............

Mandatory ..........
Mandatory ..........

Estimated
time per
response
(minutes)

Estimated
number of
responses

Frequency of
response

Total
estimated
annual
burden
(hours)

Full Data Set
650
650

1,400
1,400

5
5

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

75,833
75,833

Partial Data Set
Home Mortgage Disclosure

Recordkeeping .............
Reporting .....................

Mandatory ..........
Mandatory ..........

1,200
1,200

200
200

2.5
2.5

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

10,000
10,000

Total Estimated Annual
Burden Hours.

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

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

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

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

1 171,667

General Description of Collection: The
Board of Governors of the Federal
Reserve System promulgated Regulation
C, 12 CFR part 203, to implement the
Home Mortgage Disclosure Act (HMDA),
12 U.S.C. 2801–2810. Regulation C
requires depository institutions that
meet its asset-size threshold to maintain
data about home loan applications (the
type of loan requested, the purpose of
the loan, whether the loan was
approved, and the type of purchaser if
the loan was later sold), to update the
information quarterly, and to report the
information annually. The Home
Mortgage Disclosure Act and Regulation
C now come under the authority of the
Consumer Finance Protection Bureau
(CFPB).
Pursuant to Regulation C, insured
state-nonmember banks supervised by
the FDIC with assets over a certain
dollar threshold must collect, record,
and report data about home loan
applications.2 For 2017 transactions,

1,865 FDIC-supervised institutions
reported under HMDA; 1,217 of these
institutions were small entities.3 4 For
transactions beginning in 2018, the set
of data fields to be reported under
HMDA was expanded. Institutions that
meet certain criteria are partially
exempt from reporting certain data
fields.5 To estimate the number of Full
and Partial filers for 2018, subject matter
experts (SMEs) in the Division of
Consumer Protection (DCP) examined
2016 and 2017 data collected under
HMDA, as well as preliminary data for
2018. Results from this analysis indicate
that for 2018 data, there were roughly
650 and 1,200 respondents to the Full
and Partial reporting requirements of
this information collection, respectively.
The frequency of responses was
estimated by taking the total number of
Full and Partial disclosure filings and
dividing that number by the number of
respondents.6

The frequency of response is ‘on
occasion’, which remains unchanged
from the 2016 ICR.7 Due to an increase
in the number of required items, the
estimated time per response for the Full
Data loan disclosure form will increase
from 5 minutes to 10 minutes. The
estimated time per response for the
Partial Data loan disclosure form will
remain unchanged at 5 minutes. For
both the Full and Partial loan
disclosure, the estimated burden is
divided equally among reporting and
recordkeeping.
2. Title: External Audits.
OMB Number: 3064–0113.
Form Number: None.
Affected Public: All insured financial
institutions with total assets of $500
million or more and other insured
financial institutions with total assets of
less than $500 million that voluntarily
choose to comply.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Information collection (IC) description

Type of burden

Obligation to
respond

Estimated
number of
respondents

Estimated
time per
response
(hours)

Estimated
number of
responses

Frequency of
response

Total
estimated
annual burden
(hours)

FDIC Supervised Institutions with $10 Billion or More in Total Assets
Annual Report ................................................
Audit Committee Composition .......................

jbell on DSK3GLQ082PROD with NOTICES

Filing of Other Reports ..................................

Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........

1 The one-hour difference in the Total Estimated
Annual Burden Hours is due to rounding.
2 Regulation C, 12 CFR part 1003, Home Mortgage
Disclosure, https://www.govinfo.gov/content/pkg/
CFR-2018-title12-vol8/pdf/CFR-2018-title12-vol8part1003-appA.pdf.
3 The SBA defines a small banking organization
as having $550 million or less in assets, where ‘‘a
financial institution’s assets are determined by
averaging the assets reported on its four quarterly
financial statements for the preceding year.’’ See 13
CFR 121.201 (as amended, effective December 2,

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Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory

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

28
28
28
28
28
28

2014). ‘‘SBA counts the receipts, employees, or
other measure of size of the concern whose size is
at issue and all of its domestic and foreign
affiliates.’’ See 13 CFR 121.103. Following these
regulations, the FDIC uses a covered entity’s
affiliated and acquired assets, averaged over the
preceding four quarters, to determine whether the
covered entity is ‘‘small’’ for the purposes of RFA.
4 Call Report, December 31, 2017.
5 Interpretive and Procedural Rule, Partial
Exemptions from the Requirements of the Home
Mortgage Disclosure Act under the Economic

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1
1
1
1
1
1

150
150
3
3
.125
.125

Annually
Annually
Annually
Annually
Annually
Annually

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

4,200
4,200
84
84
3.5
3.5

Growth, Regulatory Relief, and Consumer
Protection Act (Regulation C), 83 FR 45325 https://
www.federalregister.gov/documents/2018/09/07/
2018-19244/partial-exemptions-from-therequirements-of-the-home-mortgage-disclosure-actunder-the-economic.
6 910,000 Full Data disclosures ÷ 650 respondents
= 1,400 disclosures per respondent. 240,000 Partial
Data disclosures ÷ 1,200 respondents = 200
disclosures per respondent.
7 See https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=201512-3064-006.

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Federal Register / Vol. 84, No. 134 / Friday, July 12, 2019 / Notices
SUMMARY OF ANNUAL BURDEN—Continued
Information collection (IC) description

Type of burden

Obligation to
respond

Notice of Change in Accountants ..................

Recordkeeping
Reporting .........

Mandatory .......
Mandatory .......

Estimated
number of
respondents

Estimated
time per
response
(hours)

Estimated
number of
responses

7
7

1
1

Frequency of
response

.25
.25

Annually ..........
Annually ..........

FDIC Supervised Institutions with $10 Billion or More in Total Assets

Total
estimated
annual burden
(hours)
1.75
1.75
8,578.5

FDIC Supervised Institutions with $3 Billion to $10 Billion in Total Assets
Annual Report ................................................
Audit Committee Composition .......................
Filing of Other Reports ..................................
Notice of Change in Accountants ..................

Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........

Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory

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

98
98
98
98
98
98
25
25

1
1
1
1
1
1
1
1

125
125
3
3
.125
.125
.25
.25

Annually
Annually
Annually
Annually
Annually
Annually
Annually
Annually

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

FDIC Supervised Institutions with $3 Billion to $10 Billion in Total Assets

12,250
12,250
294
294
12.25
12.25
6.25
6.25
25,125

FDIC Supervised Institutions with $1 Billion to $3 Billion in Total Assets
Annual Report ................................................
Audit Committee Composition .......................
Filing of Other Reports ..................................
Notice of Change in Accountants ..................

Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........

Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory

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

225
225
225
225
225
225
56
56

1
1
1
1
1
1
1
1

100
100
2
2
.125
.125
.25
.25

Annually
Annually
Annually
Annually
Annually
Annually
Annually
Annually

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

FDIC Supervised Institutions with $1 Billion to $3 Billion in Total Assets

22,500
22,500
450
450
28.125
28.125
14
14
45,984.25

FDIC Supervised Institutions with $500 Million to $1 Billion in Total Assets
Annual Report ................................................
Audit Committee Composition .......................
Filing of Other Reports ..................................
Notice of Change in Accountants ..................

Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........
Recordkeeping
Reporting .........

Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory
Mandatory

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

401
401
401
401
401
401
100
100

1
1
1
1
1
1
1
1

12.5
12.5
1
1
.125
.125
.25
.25

Annually
Annually
Annually
Annually
Annually
Annually
Annually
Annually

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

FDIC Supervised Institutions with $500 Million to $1 Billion in Total Assets

5,012.5
5,012.5
401
401
50.125
50.125
25
25
10,977.25

FDIC Supervised Institutions with Less Than $500 Million in Total Assets
Filing of Other Reports ..................................

Recordkeeping
Reporting .........

Mandatory .......
Mandatory .......

3,291
3.291

1
2

.25
.25

Annually ..........
Annually ..........

FDIC Supervised Institutions with $500 Million to $1 Billion in Total Assets
Total Estimated Annual Burden ..............

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

General Description of Collection:
FDIC’s regulations at 12 CFR part 363
establish annual independent audit and
reporting requirements for financial
institutions with total assets of $500
million or more. The requirements
include the submission of an annual
report on their financial statements,

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

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

822.75
1,645.5
2,468.25

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

recordkeeping about management
deliberations regarding external
auditing and reports about changes in
auditors. The information collected is
used to facilitate early identification of
problems in financial management at
financial institutions.

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

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

93,133.25

3. Title: Qualifications for Failed Bank
Acquisitions.
OMB Number: 3064–0169.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:

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SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Estimated
time per
response
(hours)

Estimated
number of
responses

Type of burden

Obligation to
respond

Section D—Investor Reports on Affiliates .....
Section E—Maintenance of Business Books
and Records.
Section I—Disclosures Regarding Investors
and Entities in Ownership Chain.

Reporting .........
Recordkeeping

Mandatory .......
Mandatory .......

3
3

12
4

2
2

On Occasion ...
On Occasion ...

72
24

Reporting .........

Mandatory .......

On Occasion ...

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Frequency of
response

Total
estimated
annual burden
(hours)

Information collection (IC) description

33262

Federal Register / Vol. 84, No. 134 / Friday, July 12, 2019 / Notices
SUMMARY OF ANNUAL BURDEN—Continued

Information collection (IC) description

Type of burden

Obligation to
respond

Estimated
number of
respondents

Estimated
number of
responses

Estimated
time per
response
(hours)

Frequency of
response

Total Estimated Annual Burden Hours ...

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

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

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

General Description of Collection: The
FDIC’s policy statement on
Qualifications for Failed Bank
Acquisitions provides guidance to
private capital investors interested in
acquiring or investing in failed insured
depository institutions regarding the
terms and conditions for such
investments or acquisitions. The
information collected pursuant to the
policy statement allows the FDIC to
evaluate, among other things, whether
such investors (and their related
interests) could negatively impact the
Deposit Insurance Fund, increase
resolution costs, or operate in a manner
that conflict with statutory safety and
soundness principles and compliance
requirements.
According to data from FDIC Call
Reports, there were eight (8) bank
failures in 2015, five (5) failures in 2016,
eight (8) failures in 2017, and zero bank
failures in 2018 and the first five
months of 2019. This is an average of
fewer than 5 bank failures per year.
Based on this recent data, the declining
trend in failures, and the improvement
in bank financial conditions, the FDIC
believes that it is appropriate to reduce
the expected number of respondents for
Sections D and I from 10 per year to 3
while keeping the expected number of
respondents at 3 per year for Section E.
The estimated total number of hours
per respondent, per year will remain
unchanged at 48 hours. The 48 hours is
comprised of 12 monthly reports of two
hours each for Section D, four quarterly
reports of two hours each for Section E,
and four quarterly reports of four hours
each for Section I. Thus the total
estimated annual burden for the ICR is
144 hours as reflected in the table above
This represents a reduction of 280 hours
from the 2016 estimate of 424 hours.

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.
Dated at Washington, DC, on July 9, 2019.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019–14877 Filed 7–11–19; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request (OMB No.
3064–0174; and –0191)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

SUMMARY:

Total
estimated
annual burden
(hours)
144

Comments must be submitted on
or before September 10, 2019.

DATES:

Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal.
• 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–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 Building
(located on F Street), on business days
between 7 a.m. and 5 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, Counsel, 202–898–3767,
mcabeza@fdic.gov, 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: Funding and Liquidity Risk
Management.
OMB Number: 3064–0174.
Form Number: None.
Affected Public: Businesses or other
for-profits.
Burden Estimate:
ADDRESSES:

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SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Estimated
number of
responses

Estimated
time per
response
(hours)

Information collection (IC) description

Type of burden

Par. 14—Strategies, Policies, Procedures and Risk
Tolerances.
Par. 20—Liquidity Risk Management, Measurement, Monitoring and Reporting.

Recordkeeping

Voluntary .........

3,483

96.42

On Occasion ...

335,830.86

Reporting .........

Voluntary .........

3,483

On Occasion ...

167,184

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

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

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

503,014.86
hours

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

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Frequency of
response

Total
estimated
annual
burden
(hours)

Obligation to respond

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File Modified	2019-07-12
File Created	2019-07-12