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