2024-17637. Parent Companies of Industrial Banks and Industrial Loan Companies

Table 1—Summary of Estimated Annual Burden

[OMB No. 3064-0213]

Information collection (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. Initial Listing of Subsidiaries, 12 CFR 354.4(a)(1) (Mandatory)	Reporting (On Occasion)	3	1	04:00	12
2. Annual Update of Subsidiaries List, 12 CFR 354.4(a)(1) (Mandatory)	Reporting (Annual)	3	1	04:00	12
3. Annual Report of Covered Company and Subsidiaries and Other Reports as the FDIC may require, 12 CFR 354.4(a)(3) (Mandatory)	Reporting (Annual)	3	1	10:00	30
4. Recordkeeping requirements in written agreement, 12 CFR 354.4(a)(4) (Mandatory)	Recordkeeping (Annual)	3	1	10:00	30
5. Contingency Plan, 12 CFR 354.4(b) (Mandatory)	Reporting (Annual)	1	1	345:00	345
Total Annual Burden (Hours):					429
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. The FDIC has increased the estimated respondent count by one in Information Collections 1-4 to account for the effect in the change in scope in this proposed rule.