Agency Information Collection Activities: Submission for OMB Review; Comment Request, 18571-18572 [2010-8187]

Download as PDF Federal Register / Vol. 75, No. 69 / Monday, April 12, 2010 / Notices Office of the Comptroller of the Currency Agency Information Collection Activities: Submission for OMB Review; Comment Request sroberts on DSKD5P82C1PROD with NOTICES 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.’’ The OCC has also given notice that it has sent this collection to OMB for review. DATES: You should submit comments by May 12, 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, please 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. VerDate Nov<24>2008 17:58 Apr 09, 2010 Jkt 220001 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: › 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. › Enhancements to the Basel II framework 5 including the revised risk SUPPLEMENTARY INFORMATION: DEPARTMENT OF THE TREASURY 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. PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 18571 weights for re-securitizations held in the banking book. › Enhancements to strengthen the resilience of the banking sector 6 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. › Liquidity enhancements referring to the international framework for liquidity risk measurement, standards and monitoring.7 › 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 on this information collection were solicited for 60 days.10 No comments were received. Comments continue to be 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, 6 See footnote 2. 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. 10 75 FR 3966 (Jan. 25, 2010). 7 Basel E:\FR\FM\12APN1.SGM 12APN1 18572 Federal Register / Vol. 75, No. 69 / Monday, April 12, 2010 / Notices maintenance, and purchase of services to provide information. Dated: April 6, 2010. Michele Meyer, Assistant Director, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency. [FR Doc. 2010–8187 Filed 4–9–10; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service Facility Control Numbers AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of planned use of Facility Control Numbers. sroberts on DSKD5P82C1PROD with NOTICES SUMMARY: The IRS has developed and is publishing in this issue of the Federal Register, Facility Control Numbers to communicate to the motor fuel industry, renewable fuel industry and other interested parties such as state excise taxing authorities, the motor fuel terminal facilities that meet the definitions of Internal Revenue Code (Code) section 4081 or renewable fuel production facilities that meet the definitions of Code sections 40A and 6426 and the related regulations. FOR FURTHER INFORMATION CONTACT: If you have any questions regarding the approved facilities or the listing, you may contact: Facility Control Number Coordinator Naomi Bancroft at (701) 772–9676 ext 234 or Michael Solomon at (302) 286–1557 (not toll-free numbers). SUPPLEMENTARY INFORMATION: The IRS intends to use the facility numbers in excise fuel information reporting systems and to coordinate dyed fuel compliance activities. The IRS encourages States to adopt and use the numbers for motor fuel information reporting where appropriate. This list is published under the authority of Code section 6103(k)(7). What is a Facility Control Number (FCN)? A FCN is a number that identifies the physical location where the IRS has interest in transactions that may be reportable and that designate a location within the motor fuel distribution system, or the bulk transfer/terminal system or renewable fuel production. Facilities include refineries (RCN), approved terminals (TCN), biodiesel production facilities (BCN), or ethanol production facilities (ECN). A taxable fuel registrant (Letter of Registration for Tax Free Transactions VerDate Nov<24>2008 17:58 Apr 09, 2010 Jkt 220001 with a suffix code -S-) will be issued a TCN or RCN for each approved terminal or refinery physical location that a registrant in good standing operates. A renewable fuel registrant (Letter of Registration for Tax Free Transactions with a suffix code -AB-, -NB- or -CB-) will be issued a BCN for each biodiesel production physical location that a registrant in good standing operates. A renewable fuel registrant (Letter of Registration for Tax Free Transactions with a suffix code -AF-) will be issued a ECN for each ethanol production physical location that the that a registrant in good standing operates. A taxable fuel registrant in good standing having both an approved terminal and refinery operating at the same physical location will be issued both a TCN and either a RCN, BCN or ECN, depending on the fuel produced. Each taxable fuel registrant issued a TCN, BCN or ECN will have a monthly ExSTARS filing requirement. The FCN list is available at http://www.irs.gov/ excise. What is an approved Terminal? Approved motor fuel terminals, as defined by Code section 4081 and the related regulations, receive taxable fuel via a pipeline, ship, or barge, deliver taxable fuel across a rack or other nonbulk delivery system and are operated by a terminal operator who is properly registered in good standing with the IRS. Only those taxpayers, who are registered with the IRS on registration for Tax-Free Transactions—Form 637 (637 Registration) with a suffix code of ‘‘S’’ may operate an approved terminal. Each TCN identifies a unique physical location in the bulk transport/delivery system and is independent of the registered operator. The TCN for a physical location will not change even if the owner/operator changes. What is an approved renewable fuel production facility? Approved renewable fuel production facilities are facilities that produce methyl esters in the case of biodiesel and denatured alcohol in the case of ethanol and are operated by a 637 registrant in good standing. Renewable fuel registrants (those having Letter of Registration for Tax Free Transactions with a suffix code -AB-, -NB- or -CB-) will be issued a BCN for each biodiesel production physical location. A renewable fuel registrant (Letter of Registration for Tax Free Transactions with a suffix code -AF-) will be issued an ECN for each ethanol production physical location that the registrant operates PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 When does a Facility Operator need to notify the IRS of Changes? A facility operator must notify the IRS for any of the following changes: • Facility ownership change of greater than 50 percent or operator changes; or • New facility is opened; or • Facility ceases operation. How should notification be made? Notify the IRS ExSTARS Help Desk of the change by faxing the IRS TCN Coordinator, Naomi Bancroft at (701) 772–9207 or calling (701) 772–9676 ext. 234. Changes to the facility status or other information will be published by the Excise Program Office on the IRS Web site http://www.irs.gov/businesses/ small/article/0,,id=99517,00.html. Notification is required in order to retain approved status of the facility and 637 Registration. Failure to notify IRS of changes may lead to suspension or revocation of the approved status of the facility or 637 Registration of the facility operator and impose penalties under IRC § 6719. Changes or suspensions of approved status will be published as needed. John H. Imhoff, Jr., National Director, Specialty Taxes. [FR Doc. 2010–8188 Filed 4–9–10; 8:45 am] BILLING CODE 4830–01–P TENNESSEE VALLEY AUTHORITY Supplemental Environmental Impact Statement for Sequoyah Nuclear Plant Units 1 and 2 License Renewals Tennessee Valley Authority. Notice of Intent. AGENCY: ACTION: SUMMARY: This notice of intent is provided in accordance with the Council on Environmental Quality’s regulations (40 CFR parts 1500–1508) and Tennessee Valley Authority’s (TVA) procedures for implementing the National Environmental Policy Act. TVA will prepare a supplemental environmental impact statement (SEIS) to update information in the 1974 Final Environmental Statement for Sequoyah Nuclear Plant Units 1 and 2 (1974 FES) and other pertinent environmental reviews. This SEIS will address the potential environmental impacts associated with TVA’s proposal to renew operating licenses for the Sequoyah Nuclear Plant (SQN) located in Hamilton County, Tennessee. These license renewals will allow the plant to continue to operate for an additional 20 years beyond the current operating E:\FR\FM\12APN1.SGM 12APN1

Agencies

[Federal Register Volume 75, Number 69 (Monday, April 12, 2010)]
[Notices]
[Pages 18571-18572]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-8187]



[[Page 18571]]

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Submission for OMB 
Review; 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.'' The OCC has also 
given notice that it has sent this collection to OMB for review.

DATES: You should submit comments by May 12, 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, please 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.
---------------------------------------------------------------------------

    [dec221] 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.
---------------------------------------------------------------------------

    [dec221] 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.
---------------------------------------------------------------------------

    [dec221] Enhancements to strengthen the resilience of the banking 
sector \6\ 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.
---------------------------------------------------------------------------

    [dec221] 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.
---------------------------------------------------------------------------

    [dec221] 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 on this information collection were solicited for 60 
days.\10\ No comments were received. Comments continue to be 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
---------------------------------------------------------------------------

    \10\ 75 FR 3966 (Jan. 25, 2010).
---------------------------------------------------------------------------

    (e) Estimates of capital or start-up costs and costs of operation,

[[Page 18572]]

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maintenance, and purchase of services to provide information.

    Dated: April 6, 2010.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
[FR Doc. 2010-8187 Filed 4-9-10; 8:45 am]
BILLING CODE 4810-33-P