Initial 60-Day Federal Register Notice

FR1 -0165 Supervisory Review Process Capital Adequacy Pillar 2 86 FR 45729 August 16 2021.pdf

Pillar 2 Guidance - Advanced Capital Framework

Initial 60-Day Federal Register Notice

OMB: 3064-0165

Document [pdf]
Download: pdf | pdf
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Federal Register / Vol. 86, No. 155 / Monday, August 16, 2021 / Notices
Filing System (IBFS). The versions of
FCC Forms 314, 315, and 316 to be used
by International Bureau licensees were
renamed as FCC Form 314–IBFS, FCC
Form 315–IBFS and FCC Form 316–
IBFS. These forms will only be used by
the International Broadcast stations in
IBFS.
Under 47 CFR 73.3540, the filings of
the FCC Forms 314–IBFS, 315–IBFS,
and 316–IBFS are required when
applying for consent for assignment of
a broadcast station construction permit
or license. In addition, the applicant
must notify the Commission when an
approved assignment or transfer of
control of a broadcast station
construction permit or license has been
consummated.
The FCC Forms 314, 315, and 316
were previously shared between the
Media Bureau and the International
Bureau. The forms were used by the
International Bureau for International
Broadcast stations and by the Media
Bureau for other broadcast licenses.
These FCC Forms were previously
approved by Office of Management and
Budget (OMB) for use by Media Bureau
licensees under OMB 3060–0031 and
OMB 3060–0009. Due to an
administrative error, however, the
information collections in 47 CFR
73.3540 did not have a current OMB
approval with a control number that
explicitly includes International
Broadcast stations in the collection.
The obligations in 47 CFR 73.3540
(Application for voluntary assignment
or transfer of control) were initially
promulgated as a Part 1 rule, 47 CFR
1.540, prior to PRA, and in 1979, the
Commission redesignated that provision
as 47 CFR 73.3540 in an effort to
restructure and consolidate all broadcast
rules into Part 73 rules (44 FR 38496)).
On April 1, 1981, the collections in 47
CFR 73.3540 for transfers of control and
assignments of broadcast stations (OMB
3060–0009, OMB 3060–0031) were
approved. These approved collections
cover the use of FCC Forms 314, 315,
and 316. Due to an administrative error,
however, currently, these OMB
approved information collections do not
explicitly include International
Broadcast stations’ applications and
their use of these FCC forms.
Specifically, the Commission
modified its rules to mandate the
electronic filing of, among other things,
applications for International Broadcast
Stations, including applications for
voluntary assignments and transfers of
control. These mandatory electronic
filing requirements will reduce costs
and administrative burdens, result in
greater efficiencies, facilitate faster and
more efficient communications, and

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improve transparency to the public. The
changes to section 73.3540 (c) and (d)
state that ‘‘[f]or International Broadcast
Stations, the application shall be filed
electronically in the International
Bureau Filing System (IBFS).’’ There are
currently fewer than 20 International
Broadcast stations subject to obligations
in section 73.3540, and the International
Bureau receives an average of one
application involving voluntary
transactions per year pursuant to section
73.3540.
§ 73.3540 Application for Voluntary
Assignment or Transfer of Control
(a) Prior consent of the FCC must be
obtained for a voluntary assignment or
transfer of control.
(b) Application should be filed with
the FCC at least 45 days prior to the
contemplated effective date of
assignment or transfer of control.
(c) Application for consent to the
assignment of construction permit or
license must be filed on FCC Form 314
‘‘Assignment of license’’ or FCC Form
316 ‘‘Short form’’ (See paragraph (f) of
this section). For International
Broadcast Stations, the application shall
be filed electronically in the
International Bureau Filing System
(IBFS).
(d) Application for consent to the
transfer of control of a corporation
holding a construction permit or license
must be filed on FCC Form 315
‘‘Transfer of Control’’ or FCC Form 316
‘‘Short form’’ (see paragraph (f) of this
section). For International Broadcast
Stations, the application shall be filed
electronically in the IBFS.
(e) Application for consent to the
assignment of construction permit or
license or to the transfer of control of a
corporate licensee or permittee for an
FM or TV translator station, a low
power TV station and any associated
auxiliary station, such as translator
microwave relay stations and UHF
translator booster stations, only must be
filed on FCC Form 345 ‘‘Application for
Transfer of Control of Corporate
Licensee or Permittee, or Assignment of
License or Permit for an FM or TV
translator Station, or a Low Power TV
Station.’’
(f) The following assignment or
transfer applications may be filed on
FCC ‘‘Short form’’ 316:
(1) Assignment from an individual or
individuals (including partnerships) to a
corporation owned and controlled by
such individuals or partnerships
without any substantial change in their
relative interests;
(2) Assignment from a corporation to
its individual stockholders without

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45729

effecting any substantial change in the
disposition of their interests;
(3) Assignment or transfer by which
certain stockholders retire and the
interest transferred is not a controlling
one;
(4) Corporate reorganization which
involves no substantial change in the
beneficial ownership of the corporation;
(5) Assignment or transfer from a
corporation to a wholly owned
subsidiary thereof or vice versa, or
where there is an assignment from a
corporation to a corporation owned or
controlled by the assignor stockholders
without substantial change in their
interests; or
(6) Assignment of less than a
controlling interest in a partnership.
Federal Communications Commission.
Katura Jackson,
Federal Register Liaison Officer.
[FR Doc. 2021–17414 Filed 8–13–21; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0018; –0165]

Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request
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
(OMB Control No. 3064–0018; and
–0165).

SUMMARY:

Comments must be submitted on
or before October 15, 2021.
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: comments@fdic.gov. 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 building
DATES:

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Federal Register / Vol. 86, No. 155 / Monday, August 16, 2021 / Notices

(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, Regulatory 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 collections of
information:

1. Title: Application Pursuant to
Section 19 of the Federal Deposit
Insurance Act.
OMB Number: 3064–0018.
Form Number: 6710–07.
Affected Public: Individuals and
FDIC-insured depository institutions.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Information collection description

Type of
burden

Obligation
to respond

Application Pursuant to Section 19 of
the Federal Deposit Insurance Act.

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

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

Total Estimated Annual Burden:
1,168 hours.
General Description of Collection:
Section 19 of the Federal Deposit
Insurance Act (FDI), 12 U.S.C. Section
1829, requires the FDIC’s consent prior
to any participation in the affairs of an
insured depository institution by an

Estimated
average
frequency of
response

Estimated
number of
respondents
73

individual who has been convicted of
crimes involving dishonesty or breach
of trust, and included drug-related
convictions. To obtain that consent,
certain individuals and insured
depository institutions must submit an
application to the FDIC for approval on
Form FDIC 6710/07.

Estimated
time per
response
(hours)
1

Estimated
annual
burden
(hours)

16 hours

1,168
hours

2. Title: Pillar 2 Guidance—Advanced
Capital Framework.
OMB Number: 3064–0165.
Form Number: None.
Affected Public: Insured state
nonmember banks and certain
subsidiaries of these entities.
Burden Estimate:

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SUMMARY OF ANNUAL BURDEN
Information collection description

Type of burden

Obligation to respond

Pillar 2 Guidance ..................................

Recordkeeping ......

Voluntary ...............

Total Estimated Annual Burden: 420
hours.
General Description of Collection:
There has been no change in the method
or substance of this information
collection. The number of institutions
subject to the record keeping
requirements has decreased from eight
(8) to two (2). In 2008 the Office of the
Comptroller of the Currency, the Board
of Governors of the Federal Reserve
System and the FDIC issued a
supervisory guidance document related
to the supervisory review process of
capital adequacy (Pillar 2) in connection
with the implementation of the Basel II
Advanced Capital Framework.1
Sections 37, 41, 43 and 46 of the
guidance include possible information
collections. Section 37 provides that
banks should state clearly the definition
of capital used in any aspect of its
internal capital adequacy assessment
process (ICAAP) and document any
changes in the internal definition of
capital. Section 41 provides that banks
should maintain thorough
documentation of its ICAAP. Section 43
specifies that the board of directors

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Estimated
number of
respondents

I

Estimated
time per
response
(hours)

Estimated
frequency of
responses
1

4

I

I

105 hours

Estimated
annual
burden
(hours)

I

420 hours

should approve the bank’s ICAAP,
review it on a regular basis and approve
any changes. Section 46 recommends
that boards of directors periodically
review the assessment of overall capital
adequacy and analyze how measures of
internal capital adequacy compare with
other capital measures such as
regulatory or accounting.

Federal Deposit Insurance Corporation.
Dated at Washington, DC, on August 10,
2021.
James P. Sheesley,
Assistant Executive Secretary.

Request for Comment

FEDERAL MINE SAFETY AND HEALTH
REVIEW COMMISSION

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.

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[FR Doc. 2021–17408 Filed 8–13–21; 8:45 am]
BILLING CODE 6714–01–P

Sending Case Issuances Through
Electronic Mail
Federal Mine Safety and Health
Review Commission.
ACTION: Notice.
AGENCY:

On a temporary basis, the
Federal Mine Safety and Health Review
Commission will be sending most
issuances through electronic mail and
will not be monitoring incoming
physical mail or facsimile
transmissions.
DATES: Applicable: August 10, 2021.
FOR FURTHER INFORMATION CONTACT:
Sarah Stewart, Deputy General Counsel,
SUMMARY:

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