Initial (60-Day) Federal Register Notice

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Federal Register / Vol. 86, No. 231 / Monday, December 6, 2021 / Notices
2021 filing a limited number of
incumbent earth station operators with
which it was able to establish contact
but has not been able to get enough
information from the earth station
operator for it to be included in a
satellite operator transition plan or for
RSM to conclude that the earth station
is in fact participating in the transition
process. With two exceptions,10 further
outreach by RSM with these earth
station operators has not been
successful.
Unless those earth station operators
provide the necessary information, they
will risk losing their rights to receive
relocation assistance prior to the
initiation of service in the band by the
incoming terrestrial wireless licensees,
as well as any rights to operate in the
lower C-band at their current locations
free of harmful interference that may
occur as these licensees deploy their
networks.
Federal Communications Commission.
Denise Coca,
Chief, Telecommunications Analysis
Division, International Bureau.
[FR Doc. 2021–26373 Filed 12–3–21; 8:45 am]
BILLING CODE 6712–01–P

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, 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: Notices Required of
Government Securities Dealers or
Brokers (Insured State Nonmember
Banks).
OMB Number: 3064–0093.
Form Number: G–FIN; G–FINW; G–
FIN4 & G–FIN5.
Affected Public: Insured state
nonmember banks acting as government
securities brokers and dealers.
Burden Estimate:

FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0093; –0111; –0136]

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. 3064–0093; –0111
and –0136).
DATES: Comments must be submitted on
or before February 4, 2022.
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/index.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), Regulatory Counsel, MB–3128,
Federal Deposit Insurance Corporation,
SUMMARY:

SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0093]
Information collection description
Notice by Financial Institutions of
Government Securities Broker or
Government Securities Dealer
Activities (G–FIN).
Notice by Financial Institutions of
Termination of Activities as a
Government Securities Broker or
Government Securities Dealer
(G–FINW).
Disclosure Form for Person Associated with a Financial Institution
Securities Broker or Dealer (G–
FIN–4).
Uniform Termination Notice for Persons Associated with a Financial
Institution Government Securities
Broker or Dealer (G–FIN–5).

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Total Annual Burden (Hours) ...

Type of burden
(obligation to
respond)

Frequency of
response

Number of
responses per
respondent

Number of
respondents

Hours per
response

Annual burden
(hours)

Reporting (Mandatory).

On Occasion ......

1

1

1

1

Reporting (Mandatory).

On Occasion ......

1

1

2

2

Reporting (Mandatory).

On Occasion ......

1

5

2

10

Reporting (Mandatory).

On Occasion ......

1

5

0.25

1.25

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

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

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

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

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

14.25

Source: FDIC.

General Description of Collection: The
Government Securities Act of 1986

requires all financial institutions acting
as government securities brokers and

dealers to notify their Federal regulatory
agencies of their broker dealer activities,

10 RSM reports that, since its July 14 filing, the
Archdiocese of San Antonio and Williamsburg’s

Radio Station, Inc. have been included in a space

station operator transition plan. September 24 RSM
filing, at note 3.

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69034

Federal Register / Vol. 86, No. 231 / Monday, December 6, 2021 / Notices

unless exempted from the notice
requirements by Treasury Department
regulation. The Form G–FIN and Form
G–FINW are used by insured State
nonmember banks that are government
securities brokers or dealers to notify
the FDIC of their status or that they have
ceased to function as a government
securities broker or dealer.
The Form G–FIN–4 is used by
associated persons of insured State
nonmember banks that are government
securities brokers or dealers to provide
certain information to the bank and to

estimated number of submissions of
form G–FIN–4 has increased by four, the
hours per response increased by one
and frequency of responses have
remained the same.
2. Title: Activities and Investments of
Insured State Banks.
OMB Number: 3064–0111.
Form Numbers: None.
Affected Public: Insured state
nonmember banks and insured state
savings associations.
Burden Estimate:

the FDIC concerning employment,
residence, and statutory
disqualification. The Form G–FIN–5 is
used by insured State nonmember banks
that are government securities brokers
or dealers to notify the FDIC that an
associated person is no longer
associated with the government
securities broker or dealer function of
the bank.
There is no change in the method or
substance of the collection. The overall
increase in burden hours is the result of
economic fluctuation. In particular, the

SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0111]
Number of
responses per
respondent

Information collection
description

Type of burden
(obligation to respond)

Frequency of response

Application or Notice to
engage in certain activities 1.

Reporting (Required) ..

On occasion ................

29

1.1

8

256

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

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

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

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

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

256

Total Annual Burden (Hours).

Number of
respondents

Hours per
response

Annual burden
(hours)

Source: FDIC.

General Description of Collection:
Section 24 of the Federal Deposit
Insurance (FDI Act), 12 U.S.C. 1831a,
limits investments and other activities
in which state banks may engage, as
principal, to those permissible for
national banks and those approved by
the FDIC under procedures set forth in
part 362 of the FDIC’s Rules and
Regulations, 12 CFR part 362. With
certain exceptions, section 24 of the FDI
Act limits the activities and investments
of state banks to those activities and
investments that are permissible for
national banks. In addition, the statute
prohibits a state bank from directly
engaging, as a principal, in any activity

khammond on DSKJM1Z7X2PROD with NOTICES

1 There is no official form used to submit an
application or notice. Institutions write a letter with
supporting documentation to FDIC to file a
response.

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or investment that is not permissible for
a national bank, or indirectly through a
subsidiary in an activity or investment
that is not permissible for a subsidiary
of a national bank, unless such bank
meets its minimum capital requirements
and the FDIC determines that the
activity or investment does not pose a
significant risk to the Deposit Insurance
Fund (DIF). The FDIC can make such a
determination for exception by
regulation or by order. Section 28(a), 12
U.S.C. 1831e, similarly limits the
investments and activities of state
savings associations and their service
corporations to those permitted by
federal savings associations and their
service corporations, absent FDIC
approval. Part 362 details the activities
that state banks or their subsidiaries
may engage in, under certain criteria
and conditions and identifies the

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information that state banks must
furnish to the FDIC in order to obtain
the FDIC’s approval or non-objection.
Part 362 also applies to the activities
and investments of state savings
associations and their subsidiaries.
There is no change in the method or
substance of the collection. The increase
in burden hours is the result of
economic fluctuation. In particular, the
number of respondents has increased
while the hours per response and
frequency of responses have remained
the same.
3. Title: Privacy of Consumer
Financial Information.
OMB Number: 3064–0136.
Form Number: None.
Affected Public: Insured state
nonmember banks and consumers.
Burden Estimate:

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Federal Register / Vol. 86, No. 231 / Monday, December 6, 2021 / Notices
SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0136]
Information collection
description
Initial Notice to Consumers.
Opt-out Notice ..............
Annual Notice and
Change in Terms.
Consumer Opt-out ........
Total Annual Burden (Hours).

Number of
responses per
respondent

Type of burden
(obligation to respond)

Frequency of response

Number of
respondents

Hours per
response

Annual burden
(hours)

Third Party Disclosure
(Mandatory).
Third Party Disclosure
(Mandatory).
Third Party Disclosure
(Mandatory).
Third Party Disclosure
(Voluntary).

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

94

1.4

60

7,896

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

314

1

8

2,512

Annual .........................

534

1

8

4,272

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

435,225

1

0.25

108,806.25

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

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

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

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

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

123,486.25

Source: FDIC.

General Description of Collection: The
elements of this collection are required
under sections 503 and 504 of the
Gramm-Leach-Bliley Act, 15 U.S.C.
6803, 6804. The collection mandates
notice requirements and restrictions on
a financial institution’s ability to
disclose nonpublic personal information
about consumers to nonaffiliated third
parties.
There is no change in the method or
substance of the collection. The overall
decrease in burden hours is the result of
economic fluctuation. In particular, the
estimated number of respondents to the
Consumer Opt-out component
increased, the number of respondents to
the other components decreased and the
hours per response and frequency of
responses have remained the same.

khammond on DSKJM1Z7X2PROD with NOTICES

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 November 30,
2021.
James P. Sheesley,
Assistant Executive Secretary, Federal
Deposit Insurance Corporation.
[FR Doc. 2021–26357 Filed 12–3–21; 8:45 am]
BILLING CODE 6714–01–P

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FEDERAL RESERVE SYSTEM
[Docket No. OP–1760]

Federal Reserve Bank Services; Notice
of Private Sector Adjustment Factor for
2022 and the 2022 Fee Schedules for
Federal Reserve Priced Services and
Electronic Access
The Board of Governors of the
Federal Reserve System (Board) has
approved the private sector adjustment
factor (PSAF) for 2022 of $19.4 million
and the 2022 fee schedules for Federal
Reserve priced services and electronic
access. These actions were taken in
accordance with the Monetary Control
Act of 1980, which requires that, over
the long run, fees for Federal Reserve
priced services be established based on
all direct and indirect costs, including
the PSAF.
DATES: The new fee schedules become
effective January 3, 2022.
FOR FURTHER INFORMATION CONTACT: For
questions regarding the fee schedules:
Susan Foley, Senior Associate Director,
(202) 452–3596; Kristopher Natoli,
Manager, (202) 452–3227; Division of
Reserve Bank Operations and Payment
Systems. For questions regarding the
PSAF: Casey Clark, Assistant Director,
(202) 912–7978; Grace Milbank, Lead
Financial Institution Policy Analyst,
(202) 263–4828, Division of Reserve
Bank Operations and Payment Systems.
Copies of the 2022 fee schedules for the
Check Service are available from the
Board, the Federal Reserve Banks, or the
Federal Reserve Financial Services
website at www.FRBservices.org.
SUPPLEMENTARY INFORMATION:
SUMMARY:

I. Private Sector Adjustment Factor,
Priced Services Cost Recovery, and
Overview of 2022 Price Changes
A. Overview—Each year, as required
by the Monetary Control Act of 1980,

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the Reserve Banks set fees for priced
services provided to financial
institutions.1 These fees are set to
recover, over the long run, all direct and
indirect costs and imputed costs,
including financing costs, taxes, and
certain other expenses, as well as the
return on equity (profit) that would have
been earned if a private-sector business
provided the services. The imputed
costs and imputed profit are collectively
referred to as the private-sector
adjustment factor (PSAF).2
B. Long-run cost recovery—Although
the Monetary Control Act does not
define ‘‘over the long run,’’ the Board
has generally measured long-run cost
recovery for mature services to be over
a 10-year rolling timeframe.3 In any
given year, one or more priced services
may under-recover for a variety of
reasons, including due to significant
investments to enhance a service.
Through 2020, the Reserve Banks’
long-run cost recovery was 103.5
percent of their total expenses
(including imputed costs) and targeted
after-tax profits or return on equity
1 On August 5, 2019, the Board announced that
the Reserve Banks will develop the FedNowSM
Service, an interbank real-time gross settlement
(RTGS) service with integrated clearing
functionality, to support the provision of end-toend faster payment services. The Board anticipates
the FedNow Service will be available in 2023.
Following the introduction of the FedNow Service,
the Board will regularly disclose the service’s cost
recovery and will monitor progress toward
matching revenues and costs.
2 The business lines subject to the MCA are the
Fedwire® Funds Service, National Settlement
Service, Fedwire Securities Service, FedACH®
Services, and Check Services.
3 The Board views a 10-year cost recovery
expectation as appropriate for assessing mature
services, which are those that have achieved a
critical mass of customer participation and
generally have stable and predictable volumes,
costs, and revenues.

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