Agency Information Collection Activities; Information Collection Renewal; Submission for OMB Review: Funding and Liquidity Risk Management, 24810-24811 [2013-09862]
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24810
Federal Register / Vol. 78, No. 81 / Friday, April 26, 2013 / Notices
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sales, as defined in 12 CFR 14.20(f) and
136.20, to make two separate
disclosures to consumers. Under 12 CFR
14.40 and 136.40, a national bank,
Federal savings association, or other
covered person must prepare and
provide, orally and in writing: (1)
certain insurance disclosures to
consumers before the completion of the
initial sale of an insurance product or
annuity to the consumer; and (2) certain
credit disclosures at the time of the
consumer’s application for the
extension of credit (if insurance
products or annuities are sold, solicited,
advertised, or offered in connection
with an extension of credit).
Affected Public: Businesses or other
for-profit.
Estimated Burden: The OCC estimates
the burden of this collection of
information as follows:
Estimated Number of Respondents:
812.
Estimated Number of Responses: 812.
Total Estimated Burden Hours: 4,060
hours.
Comments: The OCC issued a 60-day
Federal Register notice on February 15,
2013. 78 FR 11274. No comments were
received. Comments continue to be
solicited 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 the
services necessary to provide the
required information.
Dated: April 19, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory
Activities Division.
[FR Doc. 2013–09861 Filed 4–25–13; 8:45 am]
BILLING CODE 4810–33–P
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14:46 Apr 25, 2013
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities; Information Collection
Renewal; Submission for OMB Review:
Funding and Liquidity Risk
Management
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
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 continuing information
collection, as required by the Paperwork
Reduction Act of 1995.
Under the Paperwork Reduction Act
of 1995 (PRA), Federal agencies are
required to publish notice in the
Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information and to
allow 60 days for public comment in
response to the notice.
In accordance with the requirements
of the PRA, the OCC may not conduct
or sponsor, and the 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 renewal of its information
collection titled, ‘‘Funding and
Liquidity Risk Management.’’ The OCC
is also giving notice that the collection
has been sent to OMB for review.
DATES: Comments must be received by
May 28, 2013.
ADDRESSES: Because paper mail in the
Washington, DC area and at the OCC is
subject to delay, commenters are
encouraged to submit comments by
email if possible. Comments may be
sent to: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, Attention:
1557–0244, 400 7th Street SW., Suite
3E–218, Mail Stop 9W–11, Washington,
DC 20219. In addition, comments may
be sent by fax to (571) 465–4326 or by
electronic mail to
regs.comments@occ.treas.gov. You may
personally inspect and photocopy
comments at the OCC, 400 7th 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) 649–6700. Upon arrival, visitors
will be required to present valid
SUMMARY:
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government-issued photo identification
and to submit to security screening in
order to inspect and photocopy
comments.
All comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
enclose any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
Additionally, please send a copy of
your comments by mail to: OCC Desk
Officer, 1557–0244, U.S. Office of
Management and Budget, 725 17th
Street NW., #10235, Washington, DC
20503, or by email to: oira
submission@omb.eop.gov.
You
can request additional information or a
copy of the information collection from
Johnny Vilela or Mary H. Gottlieb, OCC
Clearance Officers, (202) 649–5490,
Legislative and Regulatory Activities
Division, Office of the Comptroller of
the Currency, 400 7th Street SW., Suite
3E–218, Mailstop 9W–11, Washington,
DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501–3520), Federal
agencies must obtain approval from the
Office of Management and Budget
(OMB) for each collection of
information they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
3506(c)(2)(A) of the PRA (44 U.S.C.
3506(c)(2)(A)) requires Federal agencies
to provide a 60-day notice in the
Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information,
before submitting the collection to OMB
for approval. To comply with this
requirement, the OCC is publishing
notice of the proposed collection of
information set forth in this document.
The OCC is proposing to extend OMB
approval of the following information
collection:
Title of Information Collection:
Funding and Liquidity Risk
Management.
OMB Control No.: 1557–0244.
Type of Review: Extension, without
revision, of a currently approved
collection.
Description: The Interagency Policy
Statement on Funding and Liquidity
Risk Management 1 (Policy Statement)
FOR FURTHER INFORMATION CONTACT:
1 75
E:\FR\FM\26APN1.SGM
FR 13656 (March 22, 2010).
26APN1
Federal Register / Vol. 78, No. 81 / Friday, April 26, 2013 / Notices
erowe on DSK2VPTVN1PROD with NOTICES
summarizes the principles of sound
liquidity risk management that the
agencies have issued in the past 2 and,
where appropriate, harmonizes these
principles with the international
statement issued by the Basel
Committee on Banking Supervision
titled ‘‘Principles for Sound Liquidity
Risk Management and Supervision.’’ 3
The Policy Statement emphasizes
supervisory expectations for all
depository institutions including banks,
savings associations, and credit unions.
Section 14 of the Policy Statement
provides that financial institutions
should consider liquidity costs, benefits,
and risks in strategic planning and
budgeting processes. Significant
business activities should be evaluated
for liquidity risk exposure as well as
profitability. More complex and
sophisticated financial institutions
should incorporate liquidity costs,
benefits, and risks in the internal
product pricing, performance
measurement, and new product
approval process for all material
business lines, products, and activities.
Incorporating the cost of liquidity into
these functions should align the risktaking incentives of individual business
lines with the liquidity risk exposure
their activities create for the institution
as a whole. The quantification and
attribution of liquidity risks should be
explicit and transparent at the line
management level, and should include
consideration of how liquidity would be
affected under stressed conditions.
Section 20 of the Policy Statement
requires that liquidity risk reports
provide aggregate information with
sufficient supporting detail to enable
management to assess the sensitivity of
the institution to changes in market
conditions, its own financial
performance, and other important risk
2 For national banks and Federal savings
associations, see the Comptroller’s Handbook on
Liquidity. For state member banks and bank holding
companies, see the Federal Reserve’s Commercial
Bank Examination Manual (section 4020), Bank
Holding Company Supervision Manual (section
4010), and Trading and Capital Markets Activities
Manual (section 2030). For state non-member
banks, see the FDIC’s Revised Examination
Guidance for Liquidity and Funds Management
(Trans. No. 2002–01) (Nov. 19, 2001), and Financial
Institution Letter 84–2008, Liquidity Risk
Management (August 2008). For Federally insured
credit unions, see Letter to Credit Unions No. 02–
CU–05, Examination Program Liquidity
Questionnaire (March 2002). Also see Basel
Committee on Banking Supervision, ‘‘Principles for
Sound Liquidity Risk Management and
Supervision’’ (September 2008).
3 Basel Committee on Banking Supervision,
‘‘Principles for Sound Liquidity Risk Management
and Supervision,’’ September 2008. See
www.bis.org/publ/bcbs144.htm. Federally insured
credit unions are not directly referenced in the
principles issued by the Basel Committee.
VerDate Mar<15>2010
14:46 Apr 25, 2013
Jkt 229001
factors. Institutions also should report
on the use of and availability of
government support, such as lending
and guarantee programs, and
implications on liquidity positions,
particularly since these programs are
generally temporary or reserved as a
source for contingent funding.
Affected Public: Businesses or other
for-profit.
Estimated Burden:
The OCC estimates the burden of this
collection of information on national
banks and Federal savings associations
as follows:
Estimated Number of Respondents:
1,833 total (13 large (over $100 billion
in assets), 47 mid-size ($10–$100
billion), 1,773 small (less than $10
billion).
Estimated Burden under Section 14:
360 hours per large respondent, 120
hours per mid-size respondent, and 40
hours per small respondent.
Estimated Burden under Section 20: 2
hours per month.
Total Estimated Burden Hours:
125,232 hours.
Comments: The OCC issued a 60-day
Federal Register notice on February 15,
2013. 78 FR 11273. No comments were
received. Comments continue to be
solicited on:
(a) Whether the information
collections are 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
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 the
services necessary to provide the
required information.
Dated: April 19, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory
Activities Division.
[FR Doc. 2013–09862 Filed 4–25–13; 8:45 am]
BILLING CODE 4810–33–P
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24811
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities; Proposed Information
Collection; Comment Request:
Interagency Guidance on Asset
Securitization Activities
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and Request for
Comment.
AGENCY:
The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to comment on a continuing
information collection, as required by
the Paperwork Reduction Act of 1995.
Under the Paperwork Reduction Act
of 1995 (PRA), Federal agencies are
required to publish notice in the
Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information and to
allow 60 days for public comment in
response to the notice.
In accordance with the requirements
of the PRA, the OCC may not conduct
or sponsor, and the 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 renewal of its information
collection titled, ‘‘Interagency Guidance
on Asset Securitization Activities.’’
DATES: Comments must be submitted on
or before June 25, 2013.
ADDRESSES: Because paper mail in the
Washington, DC area and at the OCC is
subject to delay, commenters are
encouraged to submit comments by
email if possible. Comments may be
sent to: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, Attention:
1557–0217, 400 7th Street SW., Suite
3E–218, Mail Stop 9W–11, Washington,
DC 20219. In addition, comments may
be sent by fax to (571) 465–4326 or by
electronic mail to
regs.comments@occ.treas.gov. You may
personally inspect and photocopy
comments at the OCC, 400 7th 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) 649–6700. Upon arrival, visitors
will be required to present valid
government-issued photo identification
and to submit to security screening in
SUMMARY:
E:\FR\FM\26APN1.SGM
26APN1
]]>Agencies
[Federal Register Volume 78, Number 81 (Friday, April 26, 2013)]
[Notices]
[Pages 24810-24811]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-09862]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities; Information Collection
Renewal; Submission for OMB Review: Funding and Liquidity Risk
Management
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 continuing
information collection, as required by the Paperwork Reduction Act of
1995.
Under the Paperwork Reduction Act of 1995 (PRA), Federal agencies
are required to publish notice in the Federal Register concerning each
proposed collection of information, including each proposed extension
of an existing collection of information and to allow 60 days for
public comment in response to the notice.
In accordance with the requirements of the PRA, the OCC may not
conduct or sponsor, and the 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 renewal of its information
collection titled, ``Funding and Liquidity Risk Management.'' The OCC
is also giving notice that the collection has been sent to OMB for
review.
DATES: Comments must be received by May 28, 2013.
ADDRESSES: Because paper mail in the Washington, DC area and at the OCC
is subject to delay, commenters are encouraged to submit comments by
email if possible. Comments may be sent to: Legislative and Regulatory
Activities Division, Office of the Comptroller of the Currency,
Attention: 1557-0244, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to
(571) 465-4326 or by electronic mail to regs.comments@occ.treas.gov.
You may personally inspect and photocopy comments at the OCC, 400 7th
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) 649-6700. 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.
All comments received, including attachments and other supporting
materials, are part of the public record and subject to public
disclosure. Do not enclose any information in your comment or
supporting materials that you consider confidential or inappropriate
for public disclosure.
Additionally, please send a copy of your comments by mail to: OCC
Desk Officer, 1557-0244, U.S. Office of Management and Budget, 725 17th
Street NW., 10235, Washington, DC 20503, or by email to: oira
submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: You can request additional information
or a copy of the information collection from Johnny Vilela or Mary H.
Gottlieb, OCC Clearance Officers, (202) 649-5490, Legislative and
Regulatory Activities Division, Office of the Comptroller of the
Currency, 400 7th Street SW., Suite 3E-218, Mailstop 9W-11, Washington,
DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal
agencies must obtain approval from the Office of Management and Budget
(OMB) for each collection of information they conduct or sponsor.
``Collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or requirements that members of
the public submit reports, keep records, or provide information to a
third party. Section 3506(c)(2)(A) of the PRA (44 U.S.C. 3506(c)(2)(A))
requires Federal agencies to provide a 60-day notice in the Federal
Register concerning each proposed collection of information, including
each proposed extension of an existing collection of information,
before submitting the collection to OMB for approval. To comply with
this requirement, the OCC is publishing notice of the proposed
collection of information set forth in this document.
The OCC is proposing to extend OMB approval of the following
information collection:
Title of Information Collection: Funding and Liquidity Risk
Management.
OMB Control No.: 1557-0244.
Type of Review: Extension, without revision, of a currently
approved collection.
Description: The Interagency Policy Statement on Funding and
Liquidity Risk Management \1\ (Policy Statement)
[[Page 24811]]
summarizes the principles of sound liquidity risk management that the
agencies have issued in the past \2\ and, where appropriate, harmonizes
these principles with the international statement issued by the Basel
Committee on Banking Supervision titled ``Principles for Sound
Liquidity Risk Management and Supervision.'' \3\ The Policy Statement
emphasizes supervisory expectations for all depository institutions
including banks, savings associations, and credit unions.
---------------------------------------------------------------------------
\1\ 75 FR 13656 (March 22, 2010).
\2\ For national banks and Federal savings associations, see the
Comptroller's Handbook on Liquidity. For state member banks and bank
holding companies, see the Federal Reserve's Commercial Bank
Examination Manual (section 4020), Bank Holding Company Supervision
Manual (section 4010), and Trading and Capital Markets Activities
Manual (section 2030). For state non-member banks, see the FDIC's
Revised Examination Guidance for Liquidity and Funds Management
(Trans. No. 2002-01) (Nov. 19, 2001), and Financial Institution
Letter 84-2008, Liquidity Risk Management (August 2008). For
Federally insured credit unions, see Letter to Credit Unions No. 02-
CU-05, Examination Program Liquidity Questionnaire (March 2002).
Also see Basel Committee on Banking Supervision, ``Principles for
Sound Liquidity Risk Management and Supervision'' (September 2008).
\3\ Basel Committee on Banking Supervision, ``Principles for
Sound Liquidity Risk Management and Supervision,'' September 2008.
See www.bis.org/publ/bcbs144.htm. Federally insured credit unions
are not directly referenced in the principles issued by the Basel
Committee.
---------------------------------------------------------------------------
Section 14 of the Policy Statement provides that financial
institutions should consider liquidity costs, benefits, and risks in
strategic planning and budgeting processes. Significant business
activities should be evaluated for liquidity risk exposure as well as
profitability. More complex and sophisticated financial institutions
should incorporate liquidity costs, benefits, and risks in the internal
product pricing, performance measurement, and new product approval
process for all material business lines, products, and activities.
Incorporating the cost of liquidity into these functions should align
the risk-taking incentives of individual business lines with the
liquidity risk exposure their activities create for the institution as
a whole. The quantification and attribution of liquidity risks should
be explicit and transparent at the line management level, and should
include consideration of how liquidity would be affected under stressed
conditions.
Section 20 of the Policy Statement requires that liquidity risk
reports provide aggregate information with sufficient supporting detail
to enable management to assess the sensitivity of the institution to
changes in market conditions, its own financial performance, and other
important risk factors. Institutions also should report on the use of
and availability of government support, such as lending and guarantee
programs, and implications on liquidity positions, particularly since
these programs are generally temporary or reserved as a source for
contingent funding.
Affected Public: Businesses or other for-profit.
Estimated Burden:
The OCC estimates the burden of this collection of information on
national banks and Federal savings associations as follows:
Estimated Number of Respondents: 1,833 total (13 large (over $100
billion in assets), 47 mid-size ($10-$100 billion), 1,773 small (less
than $10 billion).
Estimated Burden under Section 14: 360 hours per large respondent,
120 hours per mid-size respondent, and 40 hours per small respondent.
Estimated Burden under Section 20: 2 hours per month.
Total Estimated Burden Hours: 125,232 hours.
Comments: The OCC issued a 60-day Federal Register notice on
February 15, 2013. 78 FR 11273. No comments were received. Comments
continue to be solicited on:
(a) Whether the information collections are 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 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 the services necessary to provide the
required information.
Dated: April 19, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2013-09862 Filed 4-25-13; 8:45 am]
BILLING CODE 4810-33-P
