Agency Information Collection Activities: Proposed Information Collection; Comment Request, 3966-3967 [2010-1261]

Download as PDF 3966 Federal Register / Vol. 75, No. 15 / Monday, January 25, 2010 / Notices DEPARTMENT OF THE TREASURY DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request Office of the Comptroller of the Currency January 19, 2010. Agency Information Collection Activities: Proposed Information Collection; Comment Request The Department of Treasury will submit the following public information collection requirements to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104–13 on or after the date of publication of this notice. A copy of this submission may be obtained by calling the Treasury Department Office Clearance Officers listed. Comments regarding these information collections should be addressed to the OMB reviewer listed and to the Treasury PRA Clearance Officer, Department of the Treasury, 1750 Pennsylvania Avenue, NW., Suite 11010, Washington, DC 20220. DATES: Written comments should be received on or before February 24, 2010 to be assured of consideration. Domestic Finance/Terrorism Risk Insurance Program (TRIP) jlentini on DSKJ8SOYB1PROD with NOTICES OMB Number: 1505–0190. Type of Review: Extension of a currently approved collection. Title: Terrorism Risk Insurance Program Rebuttal of Controlling Influence Submission. Description: 31 CFR 50.8 specifies a rebuttal procedure that requires a written submission by an insurer that seeks to rebut a regulatory presumption of ‘‘controlling influence’’ over another insurer under the Terrorism Risk Insurance Program to provide Treasury with necessary information to make a determination. Respondents: Businesses or other forprofits. Estimated Total Reporting Burden: 400 hours. TRIP Clearance Officer: Sara Clary, TRIP, 1425 New York Ave, NW., Washington, DC 20220; (202) 622–7139. OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395–7873. Celina Elphage, Treasury PRA Clearance Officer. [FR Doc. 2010–1256 Filed 1–22–10; 8:45 am] BILLING CODE 4810–25–P VerDate Nov<24>2008 16:23 Jan 22, 2010 Jkt 220001 AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. 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 new information collection, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a 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 a new information collection titled, ‘‘Basel Comprehensive Quantitative Impact Study.’’ DATES: You should submit comments by March 26, 2010. ADDRESSES: Communications Division, Office of the Comptroller of the Currency, Mailstop 2–3, Attention: 1557–NEW, 250 E Street, SW., Washington, DC 20219. In addition, comments may be sent by fax to (202) 874–5274 or by electronic mail to regs.comments@occ.treas.gov. You may personally inspect and photocopy the comments at the OCC, 250 E 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) 874–4700. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. Additionally, you should send a copy of your comments to: OCC Desk Officer, Attention: 1557–NEW, by mail to U.S. Office of Management and Budget, 725 17th Street, NW., #10235, Washington, DC 20503, or by fax to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: You can request additional information or a copy of the collection from Mary H. Gottlieb, OCC Clearance Officer, (202) 874–5090, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is requesting approval of the following new information collection: PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 Title: Basel Comprehensive Quantitative Impact Study. OMB Control No.: 1557–NEW. Description: The International Convergence of Capital Measurement and Capital Standards: A Revised Framework, also known as the Basel II Capital Accord, sets out a general international capital framework for banking institutions. The Basel II Capital Accord was adopted under the auspices of the Basel Committee on Banking Supervision 1 (Basel Committee), and was implemented into domestic regulations in the United States by the Federal banking agencies on December 7, 2007 (72 FR 69288). In an effort to refine the Basel II Capital Accord, the Basel Committee will conduct a quantitative impact study (QIS) to assess the impact of the proposed revisions that were published by the Basel Committee on December 17, 2009.2 As part of this effort, the OCC, in coordination with the other Federal banking agencies, is proposing to collect data from national banks with respect to the following subjects: b Revisions to the Basel II market risk framework3 and guidelines for computing capital for incremental risk in the trading book,4 including the incremental risk capital charge; the comprehensive risk measure for correlation trading portfolios; the new rules for securitization exposures in the trading book; and the revised capital charges for certain equity exposures subject to the standardized measurement method for market risk. b Enhancements to the Basel II framework 5 including the revised risk weights for re-securitizations held in the banking book. b Enhancements to strengthen the resilience of the banking sector 6 1 The Basel Committee on Banking Supervision is a committee of banking supervisory authorities, which was established by the central bank Governors of the Group of Ten countries in 1975. It consists of senior representatives of bank supervisory authorities and central banks from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. It usually meets at the Bank for International Settlements (BIS) in Basel, Switzerland, where its permanent Secretariat is located. 2 Basel Committee on Banking Supervision, Strengthening the resilience of the banking sector, consultative document, December 17, 2009. 3 Basel Committee on Banking Supervision, Revisions to the Basel II market risk framework, July 2009. 4 Basel Committee on Banking Supervision, Guidelines for computing capital for incremental risk in the trading book, July 2009. 5 Basel Committee on Banking Supervision, Enhancements to the Basel II framework, July 2009. 6 See footnote 2. E:\FR\FM\25JAN1.SGM 25JAN1 jlentini on DSKJ8SOYB1PROD with NOTICES Federal Register / Vol. 75, No. 15 / Monday, January 25, 2010 / Notices including the proposed changes to the definition of capital; the proposed introduction of a leverage ratio; and the proposed changes to the treatment of counterparty credit risk. b Liquidity enhancements referring to the international framework for liquidity risk measurement, standards and monitoring.7 b Operational risk and countercyclical tools. The OCC intends to collect data for the QIS from banks subject to the Basel II Capital Framework 8 and those subject to the current risk-based capital guidelines (Basel I).9 Unless otherwise noted, all data would be reported on a consolidated basis. Ideally, banks should include all their assets in this information collection. However, due to data limitations, inclusion of some assets (for example, the portfolio of a minor subsidiary) may not be feasible. Exclusion of such assets is acceptable, as long as the remaining assets are representative of the bank as a whole. Type of Review: New collection. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 20. Estimated Number of Responses: 20. Estimated Average Burden Hours per Response: 234 hours. Estimated Total Annual Burden: 4,680 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. 7 Basel Committee on Banking and Supervision, International Framework for liquidity risk measurement, standards and monitoring, consultative document, December 17, 2009. 8 See 12 CFR Part 3, Appendix C. 9 See 12 CFR Part 3, Appendix A. VerDate Nov<24>2008 16:23 Jan 22, 2010 Jkt 220001 Dated: January 19, 2010. Michele Meyer, Assistant Director, Legislative and Regulatory Activities Division. [FR Doc. 2010–1261 Filed 1–22–10; 8:45 am] BILLING CODE 4810–30–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Bank Secrecy Act Advisory Group; Solicitation of Application for Membership AGENCY: Financial Crimes Enforcement Network, Treasury. ACTION: Notice and request for nominations. SUMMARY: FinCEN is inviting the public to nominate financial institutions and trade groups for membership on the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms. DATES: Nominations must be received by February 24, 2010. ADDRESSES: Applications may be mailed (not sent by facsimile) to Regulatory Policy and Programs Division, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 or e-mailed to: BSAAG@fincen.gov. FOR FURTHER INFORMATION CONTACT: Jennifer White, Regulatory Outreach Specialist at 202–354–6400. SUPPLEMENTARY INFORMATION: The Annunzio-Wylie Anti-Money Laundering Act of 1992 required the Secretary of the Treasury to establish a Bank Secrecy Act Advisory Group (BSAAG) consisting of representatives from federal regulatory and law enforcement agencies, financial institutions, and trade groups with members subject to the requirements of the Bank Secrecy Act, 31 CFR 103 et seq. or Section 6050I of the Internal Revenue Code of 1986. The BSAAG is the means by which the Secretary receives advice on the operations of the Bank Secrecy Act. As chair of the BSAAG, the Director of FinCEN is responsible for ensuring that relevant issues are placed before the BSAAG for review, analysis, and discussion. Ultimately, the BSAAG will make policy recommendations to the Secretary on issues considered. BSAAG membership is open to financial institutions and trade groups. New members will be selected to serve a three-year term and must designate one individual to represent that member at plenary meetings. In compliance with Executive Order 13490 of January 21, 2009, and White House policy, member PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 3967 organizations may not designate a representative to participate in BSAAG plenary or subcommittee meetings who is currently registered as a lobbyist pursuant to 2 U.S.C. 1603(a). It is important to provide complete answers to the following items, as applications will be evaluated on the information provided through this application process. Applications should consist of: • Name of the organization requesting membership • Point of contact, title, address, email address and phone number • The BSAAG vacancy for which the organization is applying • Description of the financial institution or trade group and its involvement with the Bank Secrecy Act, 31 CFR 103 et seq. • Reasons why the organization’s participation on the BSAAG will bring value to the group Based on current BSAAG position openings we encourage applications from the following sectors or types of organizations with experience working on the Bank Secrecy Act: • State Governments (1 vacancy) • Industry Trade Groups—Banking (1 vacancy) • Industry Trade Groups—Casino (1 vacancy) • Industry Trade Groups—Money Services Businesses (1 vacancy) • Industry Trade Groups—Precious Metals Stones and Jewels (1 vacancy) • Industry Trade Groups—State (1 vacancy) • Industry Representatives—Banking (3 vacancies) • Industry Representatives—Money Services Businesses (1 vacancy) • Industry Representatives— Securities/Futures (1 vacancy) Organizations may nominate themselves, but applications for individuals who are not representing an organization for a vacancy noted above will not be considered. Members must be able and willing to make the necessary time commitment to participate on subcommittees throughout the year by phone and attend biannual plenary meetings held in Washington, DC the second Wednesday of May and October. Members will not be remunerated for their time, services, or travel. In making the selections, FinCEN will seek to complement current BSAAG members in terms of affiliation, industry, and geographic representation. The Director of FinCEN retains full discretion on all membership decisions. The Director may consider prior years’ applications when making selections and does not limit consideration to institutions E:\FR\FM\25JAN1.SGM 25JAN1

Agencies

[Federal Register Volume 75, Number 15 (Monday, January 25, 2010)]
[Notices]
[Pages 3966-3967]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-1261]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Proposed Information 
Collection; Comment Request

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

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

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 new information 
collection, as required by the Paperwork Reduction Act of 1995. An 
agency may not conduct or sponsor, and a 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 a new information collection titled, 
``Basel Comprehensive Quantitative Impact Study.''

DATES: You should submit comments by March 26, 2010.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Mailstop 2-3, Attention: 1557-NEW, 250 E Street, SW., 
Washington, DC 20219. In addition, comments may be sent by fax to (202) 
874-5274 or by electronic mail to regs.comments@occ.treas.gov. You may 
personally inspect and photocopy the comments at the OCC, 250 E 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) 874-4700. Upon arrival, visitors will be required to 
present valid government-issued photo identification and to submit to 
security screening in order to inspect and photocopy comments.
    Additionally, you should send a copy of your comments to: OCC Desk 
Officer, Attention: 1557-NEW, by mail to U.S. Office of Management and 
Budget, 725 17th Street, NW., 10235, Washington, DC 20503, or 
by fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Mary H. Gottlieb, OCC Clearance 
Officer, (202) 874-5090, Legislative and Regulatory Activities 
Division, Office of the Comptroller of the Currency, 250 E Street, SW., 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is requesting approval of the 
following new information collection:
    Title: Basel Comprehensive Quantitative Impact Study.
    OMB Control No.: 1557-NEW.
    Description: The International Convergence of Capital Measurement 
and Capital Standards: A Revised Framework, also known as the Basel II 
Capital Accord, sets out a general international capital framework for 
banking institutions. The Basel II Capital Accord was adopted under the 
auspices of the Basel Committee on Banking Supervision \1\ (Basel 
Committee), and was implemented into domestic regulations in the United 
States by the Federal banking agencies on December 7, 2007 (72 FR 
69288). In an effort to refine the Basel II Capital Accord, the Basel 
Committee will conduct a quantitative impact study (QIS) to assess the 
impact of the proposed revisions that were published by the Basel 
Committee on December 17, 2009.\2\ As part of this effort, the OCC, in 
coordination with the other Federal banking agencies, is proposing to 
collect data from national banks with respect to the following 
subjects:
---------------------------------------------------------------------------

    \1\ The Basel Committee on Banking Supervision is a committee of 
banking supervisory authorities, which was established by the 
central bank Governors of the Group of Ten countries in 1975. It 
consists of senior representatives of bank supervisory authorities 
and central banks from Argentina, Australia, Belgium, Brazil, 
Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, 
Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, 
Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, 
Turkey, the United Kingdom and the United States. It usually meets 
at the Bank for International Settlements (BIS) in Basel, 
Switzerland, where its permanent Secretariat is located.
    \2\ Basel Committee on Banking Supervision, Strengthening the 
resilience of the banking sector, consultative document, December 
17, 2009.
---------------------------------------------------------------------------

    [squ] Revisions to the Basel II market risk framework\3\ and 
guidelines for computing capital for incremental risk in the trading 
book,\4\ including the incremental risk capital charge; the 
comprehensive risk measure for correlation trading portfolios; the new 
rules for securitization exposures in the trading book; and the revised 
capital charges for certain equity exposures subject to the 
standardized measurement method for market risk.
---------------------------------------------------------------------------

    \3\ Basel Committee on Banking Supervision, Revisions to the 
Basel II market risk framework, July 2009.
    \4\ Basel Committee on Banking Supervision, Guidelines for 
computing capital for incremental risk in the trading book, July 
2009.
---------------------------------------------------------------------------

    [squ] Enhancements to the Basel II framework \5\ including the 
revised risk weights for re-securitizations held in the banking book.
---------------------------------------------------------------------------

    \5\ Basel Committee on Banking Supervision, Enhancements to the 
Basel II framework, July 2009.
---------------------------------------------------------------------------

    [squ] Enhancements to strengthen the resilience of the banking 
sector \6\

[[Page 3967]]

including the proposed changes to the definition of capital; the 
proposed introduction of a leverage ratio; and the proposed changes to 
the treatment of counterparty credit risk.
---------------------------------------------------------------------------

    \6\ See footnote 2.
---------------------------------------------------------------------------

    [squ] Liquidity enhancements referring to the international 
framework for liquidity risk measurement, standards and monitoring.\7\
---------------------------------------------------------------------------

    \7\ Basel Committee on Banking and Supervision, International 
Framework for liquidity risk measurement, standards and monitoring, 
consultative document, December 17, 2009.
---------------------------------------------------------------------------

    [squ] Operational risk and countercyclical tools.
    The OCC intends to collect data for the QIS from banks subject to 
the Basel II Capital Framework \8\ and those subject to the current 
risk-based capital guidelines (Basel I).\9\ Unless otherwise noted, all 
data would be reported on a consolidated basis. Ideally, banks should 
include all their assets in this information collection. However, due 
to data limitations, inclusion of some assets (for example, the 
portfolio of a minor subsidiary) may not be feasible. Exclusion of such 
assets is acceptable, as long as the remaining assets are 
representative of the bank as a whole.
---------------------------------------------------------------------------

    \8\ See 12 CFR Part 3, Appendix C.
    \9\ See 12 CFR Part 3, Appendix A.
---------------------------------------------------------------------------

    Type of Review: New collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 20.
    Estimated Number of Responses: 20.
    Estimated Average Burden Hours per Response: 234 hours.
    Estimated Total Annual Burden: 4,680 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.

    Dated: January 19, 2010.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2010-1261 Filed 1-22-10; 8:45 am]
BILLING CODE 4810-30-P