60-Day Federal Register Notice

FR1 176 Reverse Mortgage Products 88FR 35874 June 1 2023.pdf

Reverse Mortgage Products

60-Day Federal Register Notice

OMB: 3064-0176

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35874

Federal Register / Vol. 88, No. 105 / Thursday, June 1, 2023 / Notices
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 NW building
(located on F Street NW), 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

ADDRESSES:

FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0176; –0184]

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. 3064–0176 and
–0184).
DATES: Comments must be submitted on
or before July 31, 2023.
SUMMARY:

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.
Proposal
to renew the following currently
approved collection of information:
1. Title: Reverse Mortgage Products.
OMB Number: 3064–0176.
Forms: None.
Affected Public: Insured state
nonmember banks and state savings
associations making reverse mortgage.
Burden Estimate:

SUPPLEMENTARY INFORMATION:

TABLE 1—SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0176]
Number of
responses per
respondent

Number of
respondents

Time per
response
(HH:MM)

Annual
burden
(hours)

Information collection
(obligation to respond)

Type of burden
(frequency of response)

1. Reverse Mortgage Products—Implementation, 12 CFR 365
(Mandatory).
2. Reverse Mortgage Products—Ongoing, 12 CFR 365 (Mandatory).

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

1

1

40:00

40

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

30

1

08:00

240

Total Annual Burden (Hours) ......................................................

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

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

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

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

280

Source: FDIC.

General Description of Collection:
Respondents must prepare and provide
certain disclosures to consumers (e.g.,
that insurance products and annuities
are not FDIC-insured) and obtain
consumer acknowledgments, at two
different times: (1) Before the
completion of the initial sale of an
insurance product or annuity to a

consumer; and (2) at the time of
application for the extension of credit (if
insurance products or annuities are
sold, solicited, advertised, or offered in
connection with an extension of credit).
There is no change in the substance or
methodology of this information
collection.
2. Title: Volcker Rule Restrictions on
Proprietary Trading and Relationships

with Hedge Funds and Private Equity
Funds.
OMB Number: 3064–0184.
Forms: None.
Affected Public: Private Sector;
Insured state nonmember banks and
state savings associations.
Burden Estimate:

TABLE 1—SUMMARY OF ESTIMATED IMPLEMENTATION/SET-UP ANNUAL BURDEN

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[OMB No. 3064–0184]
Number of
responses per
respondent

Annual
burden
(hours)

Type of burden
(frequency of response)

1. Section 351.4(c)(3)(i)—Limit Breaches and Increases (Mandatory).
2. Section 351.20(d)—Requirements under Appendix A for Covered Banks with Significant Trading Assets & Liabilities (Mandatory).
3. Section 351.20(i)—Notice and Response (Voluntary) ..................
4. Section 351.3(d)(3)—Purchase and sale of securities in Accordance with liquidity management plans (Mandatory).
5. Section 351.4(b)(3)(i)(A)—Trading Desk Documentation (Mandatory).
6. Section 351.4(c)(3)(i)—Limit Breaches and Increases (Mandatory).
7. Section 351.5(c)—Hedging Instruments Documentation (Mandatory).
8. Section 351.10(c)(18)(ii)(C)(1)—Customer facilitation vehicles
(Mandatory).
9. Section 351.11(a)(2)—Documentation on advisory or related
services to customers (Mandatory).

Reporting (On occasion) ..

1

1

00:15

0

Reporting (Quarterly) ........

1

1

125:00

125

Reporting (On occasion) ..
Recordkeeping (On occasion).
Recordkeeping (On occasion).
Recordkeeping (On occasion).
Recordkeeping (On occasion).
Recordkeeping (On occasion).
Recordkeeping (On occasion).

1
1

1
1

20:00
3:00

20
3

1

1

2:00

2

1

1

00:15

0

1

1

80:00

80

1

1

10:00

10

1

1

10:00

10

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Number of
respondents

Time per
response
(HH:MM)

Information collection
(obligation to respond)

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35875

Federal Register / Vol. 88, No. 105 / Thursday, June 1, 2023 / Notices
TABLE 1—SUMMARY OF ESTIMATED IMPLEMENTATION/SET-UP ANNUAL BURDEN—Continued
[OMB No. 3064–0184]
Information collection
(obligation to respond)

Type of burden
(frequency of response)

10. Section 351.20(b)—Compliance Program for Covered Banks
with Significant Trading Assets & Liabilities (Mandatory).
11. Section 351.20(c)—CEO attestation for Covered Banks with
Significant Trading Assets & Liabilities (Mandatory).
12. Section 351.20(d)—Requirements under Appendix A for Covered Banks with Significant Trading Assets & Liabilities (Mandatory).
13. Section 351.20(e)—Additional documentation for covered funds
for Covered Banks with Significant Trading Assets & Liabilities
(Mandatory).
14. Section 351.20(f)(1)—Simplified compliance program for Covered Banks with no trading assets or liabilities (Mandatory).
15. Section 351.20(f)(2)—Simplified compliance program for Covered Banks with moderate trading assets and liabilities (Mandatory).
16. Section 351.11(a)(8)(i)—Offerings disclosures (Mandatory) .......

Recordkeeping (On occasion).
Recordkeeping (Annual) ...

Estimated Implementation Annual Burden (Hours) ....................

Number of
responses per
respondent

Number of
respondents

Time per
response
(HH:MM)

Annual
burden
(hours)

1

1

795:00

795

1

1

300:00

300

Recordkeeping (On occasion).

1

1

10:00

10

Recordkeeping (On occasion).

1

1

200:00

200

Recordkeeping (On occasion).
Recordkeeping (On occasion).

1

1

8:00

8

1

1

100:00

100

Third-party Disclosure (On
Occasion).

1

1

00:30

1

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

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

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

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

1,664

Source: FDIC.
Note: The annual burden estimate for a given collection is calculated in two steps. First, the total number of annual responses is calculated as the whole number
closest to the product of the annual number of respondents and the annual number of responses per respondent. Then, the total number of annual responses is multiplied by the time per response and rounded to the nearest hour to obtain the estimated annual burden for that collection. This rounding ensures the annual burden
hours in the table are consistent with the values recorded in the OMB’s regulatory tracking system.

TABLE 2—SUMMARY OF ESTIMATED ONGOING ANNUAL BURDEN

ddrumheller on DSK120RN23PROD with NOTICES1

[OMB No. 3064–0184]
Number of
responses per
respondent

Annual
burden
(hours)

Type of burden
(frequency of response)

1. Section 351.4(c)(3)(i)—Limit Breaches and Increases (Mandatory).
2. Section 351.20(d)—Requirements under Appendix A for Covered Banks with Significant Trading Assets & Liabilities (Mandatory).
3. Section 351.20(i)—Notice and Response (Voluntary) ..................
4. Section 351.3(d)(3)—Purchase and sale of securities in Accordance with liquidity management plans (Mandatory).
5. Section 351.4(b)(3)(i)(A)—Trading Desk Documentation (Mandatory).
6. Section 351.4(c)(3)(i)—Limit Breaches and Increases (Mandatory).
7. Section 351.5(c)—Hedging Instruments Documentation (Mandatory).
8. Section 351.10(c)(18)(ii)(C)(1)—Customer facilitation vehicles
(Mandatory).
9. Section 351.11(a)(2)—Documentation on advisory or related
services to customers (Mandatory).
10. Section 351.20(b)—Compliance Program for Covered Banks
with Significant Trading Assets & Liabilities (Mandatory).
11. Section 351.20(c)—CEO attestation for Covered Banks with
Significant Trading Assets & Liabilities (Mandatory).
12. Section 351.20(d)—Requirements under Appendix A for Covered Banks with Significant Trading Assets & Liabilities (Mandatory).
13. Section 351.20(e)—Additional documentation for covered funds
for Covered Banks with Significant Trading Assets & Liabilities
(Mandatory).
14. Section 351.20(f)(1)—Simplified compliance program for Covered Banks with no trading assets or liabilities (Mandatory).
15. Section 351.20(f)(2)—Simplified compliance program for Covered Banks with moderate trading assets and liabilities (Mandatory).
16. Section 351.11(a)(8)(i)—Offerings disclosures (Mandatory) .......

Reporting (On occasion) ..

7

20

00:15

35

Reporting (Quarterly) ........

2

4

41:00

328

Reporting (On occasion) ..
Recordkeeping (On occasion).
Recordkeeping (On occasion).
Recordkeeping (On occasion).
Recordkeeping (On occasion).
Recordkeeping (On occasion).
Recordkeeping (On occasion).
Recordkeeping (On occasion).
Recordkeeping (Annual) ...

7
7

1
1

20:00
1:00

140
7

7

4

2:00

56

7

40

00:15

70

2

1

80:00

160

7

1

10:00

70

7

1

10:00

70

2

1

265:00

530

2

1

100:00

200

Recordkeeping (On occasion).

2

1

10:00

20

Recordkeeping (On occasion).

2

1

200:00

400

Recordkeeping (On occasion).
Recordkeeping (On occasion).

1

1

8:00

8

5

1

40:00

200

Third-party Disclosure (On
Occasion).

7

26

00:30

91

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

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

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

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

2,385

Estimated Ongoing Annual Burden (Hours) ...............................

Number of
respondents

Time per
response
(HH:MM)

Information collection
(obligation to respond)

Source: FDIC.
Note: The annual burden estimate for a given collection is calculated in two steps. First, the total number of annual responses is calculated as the whole number
closest to the product of the annual number of respondents and the annual number of responses per respondent. Then, the total number of annual responses is multiplied by the time per response and rounded to the nearest hour to obtain the estimated annual burden for that collection. This rounding ensures the annual burden
hours in the table are consistent with the values recorded in the OMB’s regulatory tracking system.

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ddrumheller on DSK120RN23PROD with NOTICES1

35876

Federal Register / Vol. 88, No. 105 / Thursday, June 1, 2023 / Notices

OMB No. 3064–0184 Total
Estimated Annual Burden (Hours):
4,049.
General Description of Collection:
Section 13 of the Bank Holding
Company Act of 1956 (‘‘Section 13’’)
contains certain restrictions on the
ability of a banking entity to engage in
proprietary trading and to have certain
interests in, or relationships with, a
hedge fund or private equity fund. The
FDIC’s regulations at 12 CFR part 351
(part 351) implement Section 13 with
respect to FDIC-supervised insured
depository institutions (IDIs). The
requirements in part 351 do not apply
to FDIC-supervised IDIs that have, and
if every company that controls it has,
total consolidated assets of $10 billion
or less and total trading assets and
trading liabilities, that are 5 percent or
less of total consolidated assets.1 Part
351 contains provisions that constitute
information collections (ICs) under the
Paperwork Reduction Act
corresponding to policies, rules, and
regulations regarding periodic reporting
requirements, documentation of trading
activities and compliance programs, and
various other recordkeeping and
disclosure requirements for FDICsupervised IDIs that are subject to the
requirements of part 351 (covered bank).
There is no change in the substance
or methodology of this information
collection. The estimated annual burden
for this information collection is 4,049
hours. This is an increase of 856 hours
from the total estimated annual burden
of 3,193 hours submitted in 2020. As
was the case in the 2020, the FDIC
assumes that all covered banks have
completed the implementation portions
of this information collection. Thus, the
current estimated annual
implementation burden is identical to
the estimated annual implementation
burden in 2020 (1,664 hours).
The increase in burden is driven
entirely by the increase in the total
annual ongoing burden which is now
estimated to be 2,385 hours, an increase
of 856 hours from the estimated annual
burden used in 2020 (1,529 hours).
Specifically, the number of covered
banks considered to have ‘‘significant’’
trading assets and liabilities has
increased from one in 2020 to two in the
current estimate . . . Generally, the ICs
that apply only to these covered banks—
such as those under § 351.20(a)—
351.20(e)—have the highest estimated
time per response and an increase in the
number of respondents will lead to a
correspondingly large increase in the
total estimated annual burden. This
increase is attenuated by a decrease in
1

12 CFR 351.2(r)(2).

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17:37 May 31, 2023

Jkt 259001

the total number of covered banks with
‘‘moderate’’ or ‘‘significant’’ trading
assets and liabilities from ten in the
2020 ICR to seven in this ICR, which has
led to a corresponding decrease in the
total estimated annual burden for those
line items that apply to all covered
banks with ‘‘moderate’’ or ‘‘significant’’
trading assets and liabilities. The total
estimated annual hourly burden for both
implementation and ongoing
compliance is shown in Tables 1 and 2
above
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.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on May 25, 2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023–11603 Filed 5–31–23; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL MARITIME COMMISSION
Notice of Agreements Filed
The Commission hereby gives notice
of filing of the following agreements
under the Shipping Act of 1984.
Interested parties may submit
comments, relevant information, or
documents regarding the agreements to
the Secretary by email at Secretary@
fmc.gov, or by mail, Federal Maritime
Commission, 800 North Capitol Street,
Washington, DC 20573. Comments will
be most helpful to the Commission if
received within 12 days of the date this
notice appears in the Federal Register,
and the Commission requests that
comments be submitted within 7 days
on agreements that request expedited
review. Copies of agreements are
available through the Commission’s
website (www.fmc.gov) or by contacting
the Office of Agreements at (202) 523–
5793 or tradeanalysis@fmc.gov.
Agreement No.: 012276–003.

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Agreement Name: Hapag-Lloyd/Zim
Mediterranean Slot Exchange
Agreement.
Parties: Hapag Lloyd AG; ZIM
Integrated Shipping Services Ltd.
Filing Party: Wayne Rohde, Cozen
O’Connor.
Synopsis: The Amendment adds
Portugal to the geographic scope of the
Agreement and changes the amount of
space being exchanged under the
Agreement.
Proposed Effective Date: 7/3/2023.
Location: https://www2.fmc.gov/
FMC.Agreements.Web/Public/
AgreementHistory/135.
Agreement No.: 201218–001.
Agreement Name: Bi-State Public
Marine Terminal Discussion Agreement.
Parties: Georgia Ports Authority;
South Carolina State Ports Authority.
Filing Party: Paul Heylman, Saul
Ewing LLP.
Synopsis: The amendment removes
rate discussion authority from the
Agreement.
Proposed Effective Date: 7/3/2023.
Location: https://www2.fmc.gov/FMC.
Agreements.Web/Public/Agreement
History/2089.
Agreement No.: 201256–002.
Agreement Name: Maersk/MSC GulfECSA Vessel Sharing Agreement.
Parties: Maersk A/S; Mediterranean
Shipping Company S.A.
Filing Party: Wayne Rohde, Cozen
O’Connor.
Synopsis: The Amendment revises the
number of vessels to be provided by one
of the parties, revises the space
allocated to the parties, and changes the
contact person for Maersk.
Proposed Effective Date: 7/8/2023.
Location: https://www2.fmc.gov/
FMC.Agreements.Web/Public/
AgreementHistory/12179.
Dated: May 26, 2023.
JoAnne O’Bryant,
Program Analyst.
[FR Doc. 2023–11651 Filed 5–31–23; 8:45 am]
BILLING CODE 6730–02–P

DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Agency for Healthcare Research and
Quality
Notice of Meeting
Agency for Healthcare Research
and Quality (AHRQ), HHS.
ACTION: Notice.
AGENCY:

The Agency for Healthcare
Research and Quality (AHRQ)
announces a Special Emphasis Panel

SUMMARY:

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