Agency Information Collection Activities: Information Collection Renewal; Comment Request; Reporting and Recordkeeping Requirements Associated With Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring, 33202-33204 [2017-15135]

Agencies

• Office of the Comptroller of the Currency
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 82, Number 137 (Wednesday, July 19, 2017)]
[Notices]
[Pages 33202-33204]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-15135]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Reporting and Recordkeeping Requirements 
Associated With Liquidity Coverage Ratio: Liquidity Risk Measurement, 
Standards, and Monitoring

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other federal 
agencies to take this opportunity to comment on a continuing 
information

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collection as required by the Paperwork Reduction Act of 1995 (PRA). In 
accordance with the requirements of the PRA, the OCC may not conduct or 
sponsor, and the respondent is not required to respond to, an 
information collection unless it displays a currently valid Office of 
Management and Budget (OMB) control number.
    The OCC is soliciting comment concerning the renewal of its 
information collection titled ``Reporting and Recordkeeping 
Requirements Associated with Liquidity Coverage Ratio: Liquidity Risk 
Measurement, Standards, and Monitoring.''

DATES: You should submit written comments by September 18, 2017.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email, if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention: 1557-0323, 400 7th Street SW., Suite 3E-218, Washington, DC 
20219. In addition, comments may be sent by fax to (571) 465-4326 or by 
electronic mail to prainfo@occ.treas.gov. You may personally inspect 
and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 
20219. For security reasons, the OCC requires that visitors make an 
appointment to inspect comments. You may do so by calling (202) 649-
6700 or, for persons who are deaf or hard of hearing, TTY, (202) 649-
5597. Upon arrival, visitors will be required to present valid 
government-issued photo identification and submit to security screening 
in order to inspect and photocopy comments.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not include any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490, Legislative and Regulatory Activities 
Division, Office of the Comptroller of the Currency, 400 7th Street 
SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), federal 
agencies must obtain approval from OMB for each collection of 
information that they conduct or sponsor. ``Collection of information'' 
is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency 
requests or requirements that members of the public submit reports, 
keep records, or provide information to a third party. Section 
3506(c)(2)(A) of title 44 requires federal agencies to provide a 60-day 
notice in the Federal Register concerning each proposed collection of 
information, including each proposed extension of an existing 
collection of information, before submitting the collection to OMB for 
approval. To comply with this requirement, the OCC is publishing notice 
of the renewal of the collection of information set forth in this 
document.
    Title: Reporting and Recordkeeping Requirements Associated with 
Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and 
Monitoring.
    OMB Control No.: 1557-0223.
    Affected Public: Business or other for-profit.
    Type of Review: Regular review.
    Abstract: The quantitative liquidity requirement (12 CFR part 50) 
is designed to promote improvements in the measurement and management 
of liquidity risk.
    The rule applies to large and internationally active banking 
organizations--generally, bank holding companies, certain savings and 
loan holding companies, and depository institutions with $250 billion 
or more in total assets or $10 billion or more in on-balance sheet 
foreign exposure--and to their consolidated subsidiaries that are 
depository institutions with $10 billion or more in total consolidated 
assets.
    Section 50.22 requires that, with respect to each asset eligible 
for inclusion in a national bank or federal savings association's high-
quality liquid assets (HQLA) amount, the national bank or federal 
savings association must implement policies that require eligible HQLA 
to be under the control of the management function in the national bank 
or federal savings association responsible for managing liquidity risk. 
The management function must evidence its control over the HQLA by 
segregating the HQLA from other assets, with the sole intent to use the 
HQLA as a source of liquidity, or demonstrating the ability to monetize 
the assets and making the proceeds available to the liquidity 
management function without conflicting with a business or risk 
management strategy of the national bank or federal savings 
association. In addition, Sec.  50.22 requires that a national bank or 
federal savings association have a documented methodology that results 
in a consistent treatment for determining that the national bank or 
federal savings association's eligible HQLA meet the requirements of 
Sec.  50.22.
    Section 50.40 requires that a national bank or federal savings 
association notify its appropriate federal banking agency on any day 
when its liquidity coverage ratio is calculated to be less than the 
minimum requirement in Sec.  50.10. If a national bank or federal 
savings association's liquidity coverage ratio is below the minimum 
requirement in Sec.  50.10 for three consecutive days, or if the OCC 
has determined that the institution is otherwise materially 
noncompliant, the national bank or federal savings association must 
promptly provide a plan for achieving compliance with the minimum 
liquidity requirement in Sec.  50.10 and all other requirements of 
Sec.  50.40 to the OCC.
    The liquidity plan must include, as applicable: (1) An assessment 
of the national bank or federal savings association's liquidity 
position; (2) the actions the national bank or federal savings 
association has taken and will take to achieve full compliance, 
including a plan for adjusting the national bank or federal savings 
association's risk profile, risk management, and funding sources in 
order to achieve full compliance and a plan for remediating any 
operational or management issues that contributed to noncompliance; (3) 
an estimated time frame for achieving full compliance; and (4) a 
commitment to provide a progress report to the OCC at least weekly 
until full compliance is achieved.
    Frequency of Response: Annual and event generated.
    Affected Public: Covered national banks and federal savings 
associations.
    Estimated Number of Respondents: 19.
    Estimated Total Annual Burden: 2,361 hours.
    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments will become 
a matter of public record. Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the information 
collection burden;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.


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    Dated: July 13, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2017-15135 Filed 7-18-17; 8:45 am]
 BILLING CODE 4810-33-P