Proposed Interagency Guidance-Funding and Liquidity Risk Management, 40867-40868 [E9-19406]

Download as PDF Federal Register / Vol. 74, No. 155 / Thursday, August 13, 2009 / Notices BILLING CODE 3190–W9–C DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [Docket ID OCC–2009–0009] FEDERAL RESERVE SYSTEM [Docket No. OP–1362] DEPARTMENT OF THE TREASURY Office of Thrift Supervision [Docket ID OTS–2009–0011] NATIONAL CREDIT UNION ADMINISTRATION erowe on DSK5CLS3C1PROD with NOTICES Proposed Interagency Guidance— Funding and Liquidity Risk Management AGENCY: Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); Office of Thrift Supervision, Treasury (OTS); and National Credit Union Administration (NCUA). ACTION: Request for public comment; correction. SUMMARY: This notice corrects the notice published on July 6, 2009 on the proposed guidance on funding and liquidity risk management. The Federal 15:29 Aug 12, 2009 Comments must be submitted on or before September 4, 2009. FOR FURTHER INFORMATION CONTACT: James Embersit, Deputy Associate Director, Market and Liquidity Risk, 202–452–5249 or Mary Arnett, Supervisory Financial Analyst, Market and Liquidity Risk, 202–721–4534 or Brendan Burke, Supervisory Financial Analyst, Supervisory Policy and Guidance, 202–452–2987. SUPPLEMENTARY INFORMATION: In the Federal Register issue of July 6, 2009 (74 FR 32035), the agencies, in conjunction with the Conference of State Bank Supervisors (CSBS), requested comment on the proposed guidance on funding and liquidity risk management (proposed Guidance). The proposed Guidance summarizes the principles of sound liquidity risk management that the agencies have issued in the past and, where appropriate, brings them into conformance with the ‘‘Principles for Sound Liquidity Risk Management and Supervision’’ issued by the Basel Committee on Banking Supervision (BCBS) in September 2008. While the BCBS liquidity principles primarily DATES: FEDERAL DEPOSIT INSURANCE CORPORATION VerDate Nov<24>2008 Reserve is correcting the Affected Public and Estimated Burden sections of Part III (Paperwork Reduction Act) and the Office of the Comptroller of the Currency, Treasury; Board of Governors of the Federal Reserve System; Federal Deposit Insurance Corporation; Office of Thrift Supervision, Treasury; and National Credit Union Administration (the agencies) are correcting a footnote regarding the definition of ‘‘financial institution.’’ Jkt 217001 PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 focuses on large internationally active financial institutions, the proposed guidance emphasizes supervisory expectations for all domestic financial institutions including banks, thrifts and credit unions. The Federal Reserve is correcting the Affected Public and Estimated Burden sections of Part III (Paperwork Reduction Act) to read: Affected Public FRB: Bank holding companies, state member banks, state-licensed branches and agencies of foreign banks (other than insured branches), and corporations organized or operating under sections 25 or 25A of the Federal Reserve Act (Agreement corporations and Edge corporations). Estimate of Respondent Burden: FRB: Number of respondents: 6,156 total (29 large (over $100 billion in assets); 117 mid-size ($10—$100 billion); and 6,010 small (less than $10 billion). Burden under Section 14: 720 hours per large respondent, 240 hours per mid-size respondent, and 80 hours per small respondent. Burden under Section 20: 4 hours per month. Total estimated annual burden: 825,248 hours. In addition, the OCC, Board, FDIC, OTS, and NCUA are correcting footnote 4 (74 FR 32038) to read: Unless otherwise indicated, this interagency guidance uses the term ‘‘financial institutions’’ or ‘‘institutions’’ to include banks, saving associations, credit unions, affiliated holding companies, state and federally chartered E:\FR\FM\13AUN1.SGM 13AUN1 EN13AU09.024</GPH> [FR Doc. E9–19455 Filed 8–12–09; 8:45 am] 40867 40868 Federal Register / Vol. 74, No. 155 / Thursday, August 13, 2009 / Notices U.S. branches and agencies of foreign banks, and Edge and agreement corporations. Federally insured credit unions (FICUs) do not have holding company affiliations and therefore references to holding companies contained within this guidance are not applicable to FICUs. [THIS SIGNATURE PAGE PERTAINS TO THE NOTICE AND REQUEST FOR COMMENT TITLED, ‘‘PROPOSED INTERAGENCY GUIDELINES— FUNDING LIQUIDITY RISK MANAGEMENT.’’] By order of the Board of Governors of the Federal Reserve System. Robert deV. Frierson, Deputy Secretary of the Board. [THIS SIGNATURE PAGE PERTAINS TO THE NOTICE AND REQUEST FOR COMMENT TITLED, ‘‘PROPOSED INTERAGENCY GUIDELINES—FUNDING LIQUIDITY RISK MANAGEMENT.’’] Dated: August 4, 2009. John C. Dugan, Comptroller of the Currency. [THIS SIGNATURE PAGE PERTAINS TO THE NOTICE AND REQUEST FOR COMMENT TITLED, ‘‘PROPOSED INTERAGENCY GUIDELINES—FUNDING LIQUIDITY RISK MANAGEMENT.’’] Dated at Washington, DC, the 3rd day of August, 2009. By order of the Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. erowe on DSK5CLS3C1PROD with NOTICES [THIS SIGNATURE PAGE PERTAINS TO THE NOTICE AND REQUEST FOR COMMENT TITLED, ‘‘PROPOSED INTERAGENCY GUIDELINES—FUNDING LIQUIDITY RISK MANAGEMENT.’’] Dated: August 7, 2009. By the Office of Thrift Supervision. John E. Bowman, Acting Director. [THIS SIGNATURE PAGE PERTAINS TO THE NOTICE AND REQUEST FOR COMMENT TITLED, ‘‘PROPOSED INTERAGENCY GUIDELINES—FUNDING LIQUIDITY RISK MANAGEMENT.’’] Dated: August 3, 2009. By the National Credit Union Administration Board. Mary F. Rupp, Secretary of the Board. [FR Doc. E9–19406 Filed 8–12–09; 8:45 am] BILLING CODE 6210–01–P VerDate Nov<24>2008 15:29 Aug 12, 2009 Jkt 217001 DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–New (0913)] Proposed Information Collection (Applicant Background Survey): Comment Request AGENCY: Human Resources and Administration, Department of Veterans Affairs. ACTION: Notice. SUMMARY: Human Resources and Administration (HRA), the Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each new collection, and allow 60 days for public comment in response to the notice. This notice solicits comments for information needed to survey applicant for employment background information. DATES: Written comments and recommendations on the proposed collection of information should be received on or before October 13, 2009. ADDRESSES: Submit written comments on the collection of information through Federal Docket Management System (FDMS) at http://www.Regulations.gov or to Thomas Middleton, Human Resources and Administration (06), Department of Veterans Affairs, 810 Vermont Avenue, NW., Washington, DC 20420 or e-mail to thomas.middleton@va.gov. During the comment period, comments may be viewed online through FDMS. FOR FURTHER INFORMATION CONTACT: Thomas Middleton at (202) 461–4036 or FAX (202) 501–2145. SUPPLEMENTARY INFORMATION: Under the PRA of 1995 (Pub. L. 104–13; 44 U.S.C. 3501–3521), Federal agencies must obtain approval from the Office of Management and Budget (OMB) for each collection of information they conduct or sponsor. This request for comment is being made pursuant to section 3506(c)(2)(A) of the PRA. With respect to the following collection of information, HRA invites comments on: (1) Whether the proposed collection of information is necessary for the proper performance of its functions, including whether the information will have practical utility; (2) the accuracy of HRA’s estimate of the burden of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or the use of other forms of information technology. Title: Applicant Background Survey, VA Form 0913. OMB Control Number: 2900–New (0913). Type of Review: New Collection. Abstract: VA Form 0913 will be used to collect data needed for the planning and assessing affirmative employment program initiatives. The data will be used to report in an aggregated manner to the Equal Employment Opportunity Commission and to conduct aggregated adverse impact analysis to ensure VA’s employment and selection decisions are fair and equitable. Affected Public: Individuals or households. Estimated Annual Burden: 1,250 hours. Estimated Average Burden Per Respondent: 5 minutes. Frequency of Response: Annually. Estimated Number of Respondents: 15,000. Dated: August 10, 2009. By direction of the Secretary. Denise McLamb, Program Analyst, Enterprise Records Service. [FR Doc. E9–19408 Filed 8–12–09; 8:45 am] BILLING CODE 8320–01–P DEPARTMENT OF VETERANS AFFAIRS Geriatrics and Gerontology Advisory Committee; Notice of Meeting The Department of Veterans Affairs (VA) gives notice under Public Law 92– 463 (Federal Advisory Committee Act) that a meeting of the Geriatrics and Gerontology Advisory Committee will be held on September 10–11, 2009, in Room 630, Department of Veterans Affairs, 810 Vermont Avenue, NW., Washington, DC. On September 10, the session will begin at 8:30 a.m. and end at 5 p.m. On September 11, the session will begin at 8 a.m. and end at 12 noon. This meeting is open to the public. The purpose of the Committee is to provide advice to the Secretary of Veterans Affairs and the Under Secretary for Health on all matters pertaining to geriatrics and gerontology. The Committee assesses the capability of VA health care facilities and programs to meet the medical, psychological, and social needs of older Veterans and evaluates VA programs E:\FR\FM\13AUN1.SGM 13AUN1

Agencies

[Federal Register Volume 74, Number 155 (Thursday, August 13, 2009)]
[Notices]
[Pages 40867-40868]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-19406]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

[Docket ID OCC-2009-0009]

FEDERAL RESERVE SYSTEM

[Docket No. OP-1362]

FEDERAL DEPOSIT INSURANCE CORPORATION

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision

[Docket ID OTS-2009-0011]

NATIONAL CREDIT UNION ADMINISTRATION


Proposed Interagency Guidance--Funding and Liquidity Risk 
Management

AGENCY: Office of the Comptroller of the Currency, Treasury (OCC); 
Board of Governors of the Federal Reserve System (Board); Federal 
Deposit Insurance Corporation (FDIC); Office of Thrift Supervision, 
Treasury (OTS); and National Credit Union Administration (NCUA).

ACTION: Request for public comment; correction.

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SUMMARY: This notice corrects the notice published on July 6, 2009 on 
the proposed guidance on funding and liquidity risk management. The 
Federal Reserve is correcting the Affected Public and Estimated Burden 
sections of Part III (Paperwork Reduction Act) and the Office of the 
Comptroller of the Currency, Treasury; Board of Governors of the 
Federal Reserve System; Federal Deposit Insurance Corporation; Office 
of Thrift Supervision, Treasury; and National Credit Union 
Administration (the agencies) are correcting a footnote regarding the 
definition of ``financial institution.''

DATES: Comments must be submitted on or before September 4, 2009.

FOR FURTHER INFORMATION CONTACT: James Embersit, Deputy Associate 
Director, Market and Liquidity Risk, 202-452-5249 or Mary Arnett, 
Supervisory Financial Analyst, Market and Liquidity Risk, 202-721-4534 
or Brendan Burke, Supervisory Financial Analyst, Supervisory Policy and 
Guidance, 202-452-2987.

SUPPLEMENTARY INFORMATION: In the Federal Register issue of July 6, 
2009 (74 FR 32035), the agencies, in conjunction with the Conference of 
State Bank Supervisors (CSBS), requested comment on the proposed 
guidance on funding and liquidity risk management (proposed Guidance). 
The proposed Guidance summarizes the principles of sound liquidity risk 
management that the agencies have issued in the past and, where 
appropriate, brings them into conformance with the ``Principles for 
Sound Liquidity Risk Management and Supervision'' issued by the Basel 
Committee on Banking Supervision (BCBS) in September 2008. While the 
BCBS liquidity principles primarily focuses on large internationally 
active financial institutions, the proposed guidance emphasizes 
supervisory expectations for all domestic financial institutions 
including banks, thrifts and credit unions.
    The Federal Reserve is correcting the Affected Public and Estimated 
Burden sections of Part III (Paperwork Reduction Act) to read:

Affected Public

    FRB: Bank holding companies, state member banks, state-licensed 
branches and agencies of foreign banks (other than insured branches), 
and corporations organized or operating under sections 25 or 25A of the 
Federal Reserve Act (Agreement corporations and Edge corporations).
    Estimate of Respondent Burden:
    FRB: Number of respondents: 6,156 total (29 large (over $100 
billion in assets); 117 mid-size ($10--$100 billion); and 6,010 small 
(less than $10 billion).
    Burden under Section 14: 720 hours per large respondent, 240 hours 
per mid-size respondent, and 80 hours per small respondent.
    Burden under Section 20: 4 hours per month.
    Total estimated annual burden: 825,248 hours.
    In addition, the OCC, Board, FDIC, OTS, and NCUA are correcting 
footnote 4 (74 FR 32038) to read:
    Unless otherwise indicated, this interagency guidance uses the term 
``financial institutions'' or ``institutions'' to include banks, saving 
associations, credit unions, affiliated holding companies, state and 
federally chartered

[[Page 40868]]

U.S. branches and agencies of foreign banks, and Edge and agreement 
corporations. Federally insured credit unions (FICUs) do not have 
holding company affiliations and therefore references to holding 
companies contained within this guidance are not applicable to FICUs.

[THIS SIGNATURE PAGE PERTAINS TO THE NOTICE AND REQUEST FOR COMMENT 
TITLED, ``PROPOSED INTERAGENCY GUIDELINES--FUNDING LIQUIDITY RISK 
MANAGEMENT.'']

    By order of the Board of Governors of the Federal Reserve 
System.
Robert deV. Frierson,
Deputy Secretary of the Board.

[THIS SIGNATURE PAGE PERTAINS TO THE NOTICE AND REQUEST FOR COMMENT 
TITLED, ``PROPOSED INTERAGENCY GUIDELINES--FUNDING LIQUIDITY RISK 
MANAGEMENT.'']
    Dated: August 4, 2009.
John C. Dugan,
Comptroller of the Currency.

[THIS SIGNATURE PAGE PERTAINS TO THE NOTICE AND REQUEST FOR COMMENT 
TITLED, ``PROPOSED INTERAGENCY GUIDELINES--FUNDING LIQUIDITY RISK 
MANAGEMENT.'']
    Dated at Washington, DC, the 3rd day of August, 2009.

    By order of the Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.

[THIS SIGNATURE PAGE PERTAINS TO THE NOTICE AND REQUEST FOR COMMENT 
TITLED, ``PROPOSED INTERAGENCY GUIDELINES--FUNDING LIQUIDITY RISK 
MANAGEMENT.'']
    Dated: August 7, 2009.
    By the Office of Thrift Supervision.
John E. Bowman,
Acting Director.

[THIS SIGNATURE PAGE PERTAINS TO THE NOTICE AND REQUEST FOR COMMENT 
TITLED, ``PROPOSED INTERAGENCY GUIDELINES--FUNDING LIQUIDITY RISK 
MANAGEMENT.'']
    Dated: August 3, 2009.

    By the National Credit Union Administration Board.
Mary F. Rupp,
Secretary of the Board.
[FR Doc. E9-19406 Filed 8-12-09; 8:45 am]
BILLING CODE 6210-01-P