Advisory Committee on Disability Compensation; Notice of Meeting, 6196 [2011-2337]

Download as PDF jdjones on DSK8KYBLC1PROD with NOTICES 6196 Federal Register / Vol. 76, No. 23 / Thursday, February 3, 2011 / Notices unearned income; Allowance for loan and lease losses; Trading assets (other than derivatives); Derivative trading assets; Other real estate owned; Other assets; Securities sold under agreements to repurchase; Derivative trading liabilities; Other borrowed money (other than commercial paper); Commercial paper; and Other liabilities. These assets and liabilities would be presented separately for securitization vehicles, asset-backed commercial paper conduits, and other VIEs. In addition, the OTS proposed to include two separate items in new Schedule VIE in which savings associations would report the total amounts of all other assets and all other liabilities of consolidated VIEs (i.e., all assets of consolidated VIEs that are not dedicated solely to settling obligations of the VIE and all liabilities of consolidated VIEs for which creditors have recourse to the general credit of the reporting savings association). The collection of this information would help the OTS understand the total magnitude of consolidated VIEs. These assets and liabilities also would be reported separately for securitization vehicles, asset-backed commercial paper conduits, and other VIEs. The asset and liability information collected in Schedule VIE would represent amounts included in the reporting savings association’s consolidated assets and liabilities reported on Schedule SC after eliminating intercompany transactions. The OTS received one comment from a bankers’ association that addressed proposed Schedule VIE. The bankers’ association asked that the OTS consider the burden this new reporting schedule would impose on smaller savings associations and asked that the OTS consider some relief from compliance for smaller savings associations to lessen their burden. Because the TFR balance sheet is completed on a consolidated basis, the VIE amounts that savings associations would report in new Schedule VIE are amounts that, through the consolidation process, already must be reported in the appropriate balance sheet asset and liability categories. These balance sheet categories, generally, have been carried over into Schedule VIE. Schedule VIE distinguishes between assets of consolidated VIEs that can be used only to settle obligations of the consolidated VIEs and assets not meeting this condition as well as liabilities of consolidated VIEs for which creditors do not have recourse to the general credit of the reporting bank and liabilities not meeting this condition. This distinction is based on existing VerDate Mar<15>2010 15:31 Feb 02, 2011 Jkt 223001 disclosure requirements applicable to financial statements prepared in accordance with U.S. GAAP. Savings associations likely to have material amounts of consolidated VIE assets and liabilities to report have been subject to these disclosure requirements for one year. Thus, these savings associations should have a process in place, even if manual, for segregating VIE assets and liabilities based on this distinction. The OTS recognizes that the proposed separate reporting of consolidated VIE assets and liabilities by the type of VIE activity, i.e., securitization vehicles, ABCP conduits, and other VIEs, goes beyond the disclosure requirements in U.S. GAAP. Otherwise, the proposed data requirements for Schedule VIE have been based purposely on the GAAP framework. Thus, the OTS has concluded that it would be appropriate to proceed with the introduction of a new Schedule VIE in March 2011. The new Schedule VIE will be consistent with the new Schedule RC–V proposed to be adopted in March 2011 by the other Federal banking agencies. Request for Comment Public comment is requested on all aspects of this notice. Comments are invited on: (a) Whether the proposed revisions to the collections of information that are the subject of this notice are necessary for the proper performance of the OTS’s functions, including whether the information has practical utility; (b) The accuracy of the OTS’s estimates of the burden of the information collections as they are proposed to be revised, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections 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. All comments will become a matter of public record. DEPARTMENT OF VETERANS AFFAIRS Advisory Committee on Disability Compensation; Notice of Meeting The Department of Veterans Affairs (VA) gives notice under Public Law 92– 463 (Federal Advisory Committee Act) that the Advisory Committee on Disability Compensation will meet on Monday, February 14, 2011, at the Saint Regis Hotel, 923 16th Street, NW., Washington, DC from 8:30 a.m. to 3 p.m. The meeting is open to the public. The purpose of the Committee is to advise the Secretary of Veterans Affairs on the maintenance and periodic readjustment of the VA Schedule for Rating Disabilities. The Committee is to assemble and review relevant information relating to the nature and character of disabilities arising from service in the Armed Forces, provide an ongoing assessment of the effectiveness of the rating schedule, and give advice on the most appropriate means of responding to the needs of Veterans relating to disability compensation. The Committee will receive briefings on issues related to compensation for Veterans with service-connected disabilities and other VA benefits programs. Time will be allocated for receiving public comments in the afternoon. Public comments will be limited to three minutes each. Individuals wishing to make oral statements before the Committee will be accommodated on a first-come, firstserved basis. Individuals who speak are invited to submit 1–2 page summaries of their comments at the time of the meeting for inclusion in the official meeting record. The public may submit written statements for the Committee’s review to Robert Watkins, Designated Federal Officer, Department of Veterans Affairs, Veterans Benefits Administration, Compensation and Pension Service, Regulation Staff (211D), 810 Vermont Avenue, NW., Washington, DC 20420 or e-mail at Robert.Watkins2@va.gov. Any member of the public wishing to attend the meeting or seeking additional information should contact Mr. Watkins at (202) 461–9214. Dated: January 28, 2011. Ira L. Mills, Clearance Officer, Office of Chief Counsel, Office of Thrift Supervision. Dated: January 28, 2011. By Direction of the Secretary. William F. Russo, Director of Regulations Management, Office of the General Counsel. [FR Doc. 2011–2348 Filed 2–2–11; 8:45 am] [FR Doc. 2011–2337 Filed 2–2–11; 8:45 am] BILLING CODE 6720–01–P BILLING CODE 8320–01–P PO 00000 Frm 00083 Fmt 4703 Sfmt 9990 E:\FR\FM\03FEN1.SGM 03FEN1

Agencies

[Federal Register Volume 76, Number 23 (Thursday, February 3, 2011)]
[Notices]
[Page 6196]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-2337]


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DEPARTMENT OF VETERANS AFFAIRS


Advisory Committee on Disability Compensation; Notice of Meeting

    The Department of Veterans Affairs (VA) gives notice under Public 
Law 92-463 (Federal Advisory Committee Act) that the Advisory Committee 
on Disability Compensation will meet on Monday, February 14, 2011, at 
the Saint Regis Hotel, 923 16th Street, NW., Washington, DC from 8:30 
a.m. to 3 p.m. The meeting is open to the public.
    The purpose of the Committee is to advise the Secretary of Veterans 
Affairs on the maintenance and periodic readjustment of the VA Schedule 
for Rating Disabilities. The Committee is to assemble and review 
relevant information relating to the nature and character of 
disabilities arising from service in the Armed Forces, provide an 
ongoing assessment of the effectiveness of the rating schedule, and 
give advice on the most appropriate means of responding to the needs of 
Veterans relating to disability compensation.
    The Committee will receive briefings on issues related to 
compensation for Veterans with service-connected disabilities and other 
VA benefits programs. Time will be allocated for receiving public 
comments in the afternoon. Public comments will be limited to three 
minutes each. Individuals wishing to make oral statements before the 
Committee will be accommodated on a first-come, first-served basis. 
Individuals who speak are invited to submit 1-2 page summaries of their 
comments at the time of the meeting for inclusion in the official 
meeting record.
    The public may submit written statements for the Committee's review 
to Robert Watkins, Designated Federal Officer, Department of Veterans 
Affairs, Veterans Benefits Administration, Compensation and Pension 
Service, Regulation Staff (211D), 810 Vermont Avenue, NW., Washington, 
DC 20420 or e-mail at Robert.Watkins2@va.gov. Any member of the public 
wishing to attend the meeting or seeking additional information should 
contact Mr. Watkins at (202) 461-9214.

    Dated: January 28, 2011.

    By Direction of the Secretary.
William F. Russo,
Director of Regulations Management, Office of the General Counsel.
[FR Doc. 2011-2337 Filed 2-2-11; 8:45 am]
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