Agency Information Collection Activities; Proposed Information Collection; Comment Request: Interagency Guidance on Asset Securitization Activities, 24811-24812 [2013-09864]
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Federal Register / Vol. 78, No. 81 / Friday, April 26, 2013 / Notices
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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.
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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:
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24812
Federal Register / Vol. 78, No. 81 / Friday, April 26, 2013 / Notices
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.
FOR FURTHER INFORMATION CONTACT: You
may request additional information of
the 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, Mail Stop 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.
Title: Interagency Guidance on Asset
Securitization Activities
OMB Control No.: 1557–0217
Type of Review: Extension, with
revision, of a currently approved
collection.
Description: This information
collection applies to institutions
engaged in asset securitization activities
and provides that any institution
engaged in these activities should
maintain a written asset securitization
policy, document fair value of retained
interests, and maintain a management
information system to monitor asset
securitization activities. Institution
management uses the information
collected to ensure the safe and sound
operation of the institution’s asset
securitization activities. The OCC uses
the information to evaluate the quality
of an institution’s risk management
practices.
Affected Public: Businesses or other
for-profit.
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Burden Estimates:
Estimated Number of Respondents:
33 national banks; 15 Federal savings
associations.
Estimated Burden per Respondent:
16.2.
Estimated Annual Burden: 778
hours.
Frequency of Response: On
occasion.
The 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: April 19, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory
Activities Division.
[FR Doc. 2013–09864 Filed 4–25–13; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection: Comment
Request for Form 8833
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, 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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
8833, Treaty-Based Return Position
SUMMARY:
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Frm 00100
Fmt 4703
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Disclosure Under Section 6114 or
7701(b).
Written comments should be
received on or before June 25, 2013 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Yvette Lawrence Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Kerry Dennis at
Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 927–
9368, or through the Internet at
Kerry.Dennis@irs.gov.
DATES:
SUPPLEMENTARY INFORMATION:
Title: Treaty-Based Return Position
Disclosure Under Section 6114 or
7701(b).
OMB Number: 1545–1354.
Form Number: 8833.
Abstract: Form 8833 is used by
taxpayers that are required by section
6114 to disclose a treaty-based return
position to disclose that position. The
form may also be used to make the
treaty-based position disclosure
required by regulations section
301.7701(b)–7(b) for ‘‘dual resident’’
taxpayers.
Current Actions: There are no changes
being made to this form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Number of Respondents:
4,100.
Estimated Time per Respondent: 6
hours, 16 minutes.
Estimated Total Annual Burden
Hours: 25,740.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or 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
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]]>Agencies
[Federal Register Volume 78, Number 81 (Friday, April 26, 2013)]
[Notices]
[Pages 24811-24812]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-09864]
-----------------------------------------------------------------------
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
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 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
[[Page 24812]]
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.
FOR FURTHER INFORMATION CONTACT: You may request additional information
of the 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, Mail Stop 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.
Title: Interagency Guidance on Asset Securitization Activities
OMB Control No.: 1557-0217
Type of Review: Extension, with revision, of a currently approved
collection.
Description: This information collection applies to institutions
engaged in asset securitization activities and provides that any
institution engaged in these activities should maintain a written asset
securitization policy, document fair value of retained interests, and
maintain a management information system to monitor asset
securitization activities. Institution management uses the information
collected to ensure the safe and sound operation of the institution's
asset securitization activities. The OCC uses the information to
evaluate the quality of an institution's risk management practices.
Affected Public: Businesses or other for-profit.
Burden Estimates:
Estimated Number of Respondents: 33 national banks; 15 Federal
savings associations.
Estimated Burden per Respondent: 16.2.
Estimated Annual Burden: 778 hours.
Frequency of Response: On occasion.
The 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: April 19, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2013-09864 Filed 4-25-13; 8:45 am]
BILLING CODE 4810-33-P
