Federal Register - August 10, 2021
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Source: Federal Register
43660
Federal Register / Vol. 86, No. 151 / Tuesday, August 10, 2021 / Notices
estimated number of annual respondents attributable to the FDIC, FRB, and OCC for IC 1, and IC 3 are 1,239, and 1,146 each, respectively.
Similarly, the estimated number of annual respondents attributable to the FHFA for IC 1, and IC 3 are 413, and 382, respectively. For IC 2, the estimated number of respondents is
split equally amongst the four agencies which amounts to one respondent each.50 For IC 4, the estimated number of respondents 39 is split equally amongst the three banking agencies 13
each as Section 323.9 defines a federally regulated AMC as an AMC
owned and controlled by an insured depository institution, which is
regulated by the FDIC, FRB, or OCC.
The total estimated annual burden for this information collection is 8,208
hours.51 The FDIC, FRB, and OCC will each have equally-sized shares of the total estimated burden, with each agency responsible for 2,457 hours. The FHFA is responsible for the remaining 837 hours.
TABLE 3SUMMARY OF ESTIMATED ANNUAL BURDENSFDIC, FRB, AND OCC SHARE
OMB No. 30640195
Number of respondents
Number of responses per respondent
On occasion
1,239
1
0.08
99
Recordkeeping Mandatory
On occasion
1
1
40
40
Disclosure 53 Mandatory
On occasion
1,146
2
1
2,292
Disclosure Mandatory
On occasion
13
2
1
26
2,457
IC description
Type of burden obligation to respond
Frequency of response
IC 1Written Notice of Appraiser Removal From Network or Panel 12 CFR part 323.10.
IC 2State Recordkeeping Requirements 12 CFR parts 323.11a and 323.11b.
IC 3AMC Disclosure Requirements State-regulated AMCs 12 CFR part 323.12.
IC 4AMC Disclosure Requirements Federally regulated AMCs 12 CFR parts 323.12
and 323.13c.
Disclosure 52 Mandatory
Total Annual Burden Hours FDIC, FRB, and OCC
Share.
Annual burden hours
Hours per response
jbell on DSKJLSW7X2PROD with NOTICES
Source: FDIC.
3. Title: Joint Standards for Assessing Diversity Policies and Practices.
OMB Number: 306400200.
Form Number: 2710/05Diversity Self-Assessment paper form.
2710/06Diversity Self-Assessment electronic form.
Affected Public: Insured state nonmember banks, and insured state savings associations.
Burden Estimate: FDIC is revising the burden estimates associated with this information collection as a result of the update of the electronic version of the reporting form. The update will allow respondents who have previously completed a diversity self-assessment DSA to copy and clone their previous submission. This copy/clone capability reduces the reporting burden for returning respondents. However, it does not change the burden for respondents who fill out the electronic form for the
first time or respondents who choose an alternative method of assessing their diversity policies and practices. As such, this ICR revises the IC line items to distinguish between the implementation burden incurred by first time respondents from the ongoing burden incurred by returning respondents. This ICR also updates the respondent count estimates for the other line items in this IC. Finally, this ICR
adds a line to cover the burdens of nonmaterial not responsive submissions.
In October 2020, the FDIC
implemented a copy/clone feature in FIDSA for submissions covering the 2020 reporting period and beyond. This feature allows the respondent to prepopulate a new diversity selfassessment with the information that was previously completed and submitted. In addition, the FDIC Office of Minority and Women Inclusion
OMWI have identified several submissions that complete the pro forma form but do not provide the FDIC
with any material self-assessments.
With the addition of these two submission types, there are now five distinct submission types for this IC:
1. Paper Form Submissions, which are DSA submissions that use the Diversity Self-Assessment of Financial Institutions Regulated by the FDIC
form and submit the form as an email attachment or via the United States Postal Service;
2. Electronic Form Implementation Submissions, which are DSA
submissions that utilize the online FID
SA application, and the financial institution has not previously submitted a DSA;
3. Electronic Form Ongoing Submissions, which are DSA
submissions that utilize the online FID
agencies of responsibility under the PRA for a portion of the total estimated burden. See OMB No.
25900013 and the accompanying Supporting Statement submitted by the FHFA in 2018, available at https www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=201807-2590-002 accessed June 16, 2021.
50 For IC 2, the assumption to divide the burden hours equally between the agencies is based on conversations between the SMEs at the FDIC, FRB,
OCC, and FHFA. The burden hours are shared using the same ratio as the 2018 ICR.
51 The estimated total annual burden hours of 8,208 is obtained by aggregating the estimated total annual burden hours for the FDIC, FRB, and OCC
in Table 3 7,371, or 2,457 3 with the corresponding value for the FHFA in Table 4 837.
The estimated hour burden in the current ICR
8,208 higher than the 2018 ICR estimate by 6,763
hours. The increase is predominantly driven by the increase in the aggregate estimated number of
respondents to IC 3 and IC 4. As discussed previously, the estimated number of respondents in higher than the estimate in the 2018 ICR due to the definitive information available from the National Registry after 2018.
52 The 2018 ICR erroneously classified IC 1 as a Recordkeeping requirement. The burden for this IC
has been changed to a Disclosure requirement.
53 The 2018 ICR erroneously classified IC 3 as a Reporting requirement. The burden for this IC has been changed to a Disclosure requirement.
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