2024-25699. Agency Information Collection Activities: Proposed Collection Renewal; Comment Request

Summary of Estimated Annual Burden (OMB No. 3064-0025)

Information collection (IC) (obligation to respond)	Type of burden (frequency of response)	Number of respondents	Number of responses per respondent	Average time per response (HH:MM)	Annual burden (hours)
1. Application for Consent to Exercise Trust Powers—Eligible Depository Institutions 12 CFR 303.242 (Mandatory)	Reporting (On Occasion)	3	1	08:00	24
2. Application for Consent to Exercise Trust Powers—Not-Eligible Depository Institutions, 12 CFR 303.242 (Mandatory)	Reporting (On Occasion)	1	1	24:00	24
Total Annual Burden (Hours)					48
Source: FDIC.

General Description of Collection: FDIC regulations (12 CFR 333.2) prohibit any insured State nonmember bank from changing the general character of its business without the prior written consent of the FDIC. The exercise of trust powers by a bank is usually considered a change in the general character of a bank's business if the bank did not exercise those powers previously. Therefore, unless a bank is currently exercising trust powers, it must file a formal application to obtain the FDIC's written consent to exercise trust powers. State banking authorities, not the FDIC, grant trust powers to their banks. The FDIC merely consents to the exercise of such powers. Applicants use form FDIC 6200/09 to obtain FDIC's consent. There is no change in the methodology or substance of this information collection. The decrease in total estimated annual burden from 72 hours in 2022 to 48 hours currently is due to decrease in the number of applications for expedited processing from eligible depository institutions.

2. Title: Joint Standards for Assessing Diversity Policies and Practices.

OMB Number: 3064-0200.

Form Number: 2710/05—Diversity Self-Assessment (paper form), 2710/06—Diversity Self-Assessment (electronic form).

Affected Public: Insured State nonmember banks, and insured State savings associations.

Burden Estimate:

Summary of Estimated Annual Burden (OMB No. 3064-0200)

Information collection (IC) (obligation to respond)	Type of burden (Frequency of response)	Number of respondents	Number of responses per respondent	Time per response (HH:MM)	Annual burden (hours)
1. Joint Standards for Assessing Diversity Policies and Practices—Paper Form, Interagency policy statement (Voluntary)	Reporting (Annual)	6	1	08:00	48
2. Joint Standards for Assessing Diversity Policies and Practices—Electronic Form (Implementation), Interagency policy statement (Voluntary)	Reporting (Annual)	36	1	07:00	252
3. Joint Standards for Assessing Diversity Policies and Practices—Electronic Form (Ongoing), Interagency policy statement (Voluntary)	Reporting (Annual)	139	1	03:00	417
4. Joint Standards for Assessing Diversity Policies and Practices—Free-Form, Interagency policy statement (Voluntary)	Reporting (Annual)	6	1	12:00	72
5. Joint Standards for Assessing Diversity Policies and Practices—Non-material, Interagency policy statement (Voluntary)	Reporting (Annual)	14	1	00:06	1
( print page 87878)
6. Joint Standards for Assessing Diversity Policies and Practices—Public Disclosure, Interagency policy statement (Voluntary)	Disclosure (Annual)	201	1	01:00	201
Total Annual Burden (Hours)					991
Source: FDIC.

General Description of Collection: Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Act) required the Office of the Comptroller of the Currency, the Federal Reserve System, the FDIC, the Consumer Financial Protection Bureau, and the Securities and Exchange Commission each to establish an Office of Minority and Women Inclusion (OMWI) to be responsible for all matters of the agency relating to diversity in management, employment, and business activities. The Act also instructed each OMWI director to develop standards for assessing the diversity policies and practices of entities regulated by the agency. The agencies worked together to develop joint standards (Joint Standards) and, on June 10, 2015, they jointly published in the Federal Register the “Final Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies” (Policy Statement). The Policy Statement includes Joint Standards that cover “Practices to Promote Transparency of Organizational Diversity and Inclusion.” These Joint Standards contemplate that a regulated entity is transparent about its diversity and inclusion activities by making certain information available to the public annually on its websites or through other appropriate communications methods, in a manner reflective of the entity's size and other characteristics. The specific information referenced in these standards is (a) the entity's diversity and inclusion strategic plan; (b) its policy on its commitment to diversity and inclusion; (c) its progress toward achieving diversity and inclusion in its workforce and procurement activities; and (d) opportunities available at the entity that promote diversity. In addition, the Policy Statement includes Joint Standards that address “Entities' Self-Assessment.” The Joint Standards for Entities' Self-Assessment envision that a regulated entity, in a manner reflective of its size and other characteristics, (a) conducts annually a voluntary self-assessment of its diversity policies and practices; (b) monitors and evaluates its performance under its diversity policies and practices on an ongoing basis; (c) provides information pertaining to its self-assessment to the OMWI Director of its primary Federal financial regulator; and (d) publishes information pertaining to its efforts with respect to the Joint Standards. There is no change in the methodology or substance of this information collection. The decrease in total estimated annual burden from 1560 hours in 2022 to 991 hours currently is due to the expectation that most repeat respondent banks would use the copy/clone feature in Financial Institution Diversity-Self Assessment (FID-SA) for their future submissions, thereby saving a substantial amount of response time and reducing their overall burden hours.

3. Title: Computer Security Incident Notification Requirements.

OMB Number: 3064-0214.

Form Number: None.

Affected Public: Businesses or other for-profit.

Burden Estimate:

Summary of Estimated Annual Burden (OMB No. 3064-0214)

Information collection (IC) (obligation to respond)	Type of burden (frequency of response)	Number of respondents	Number of responses per respondent	Time per response (HH:MM)	Annual burden (hours)
1. Notification Incident Reporting, 12 CFR 304.23 (Mandatory)	Reporting (On Occasion)	67	1.25	03:00	252
2. Service Provider Notification, 12 CFR 304.24 (Mandatory)	Reporting (On Occasion)	832	1	03:00	2,496
Total Annual Burden (Hours)					2,748
Source: FDIC.