Agency Information Collection Activities: Proposed Information Collection; Comment Request, 3966-3967 [2010-1261]
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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]
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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:
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Fmt 4703
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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.
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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.
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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
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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
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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]
-----------------------------------------------------------------------
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