Agency Information Collection Activities: Proposed Extension of Information Collection; Comment Request Re: Regulatory Capital Rules, 10150 [2014-03818]

Agencies

• FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 79, Number 36 (Monday, February 24, 2014)]
[Notices]
[Page 10150]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-03818]


=======================================================================
-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Extension of 
Information Collection; Comment Request Re: Regulatory Capital Rules

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act (PRA) of 1995 (44 U.S.C. chapter 35), the FDIC 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. As part of its continuing 
effort to reduce paperwork and respondent burden, the FDIC invites the 
general public and other Federal agencies to take this opportunity to 
comment on the proposed extension, without change, of its information 
collection entitled Regulatory Capital Rules (OMB No. 3064-0153). A 
copy of previous information collection requests (ICRs) associated with 
this collection may be obtained by contacting the office listed in the 
ADDRESSES section of this notice. Previous ICRs are also available at 
reginfo.gov (https://www.reginfo.gov/public/do/PRAMain).

DATES: Comments must be submitted on or before April 25, 2014.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     https://www.FDIC.gov/regulations/laws/federal/notices.html.
     Email: comments@fdic.gov Include the name of the 
collection in the subject line of the message.
     Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room 
NYA-5050, Federal Deposit Insurance Corporation, 550 17th Street NW., 
Washington, DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street Building (located on F Street), 
on business days between 7:00 a.m. and 5:00 p.m.
    All comments should refer to the relevant OMB control number. A 
copy of the comments may also be submitted to the OMB desk officer for 
the FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Leneta Gregorie, at the FDIC address 
above.

SUPPLEMENTARY INFORMATION: This notice requests public comment on the 
FDIC's request for extension of OMB's approval of the Regulatory 
Capital Rules information collection more fully described below. OMB 
approved the ICR under emergency procedures for review and clearance in 
accordance with the PRA. The FDIC is not proposing any changes to the 
existing ICR at this time. A description of the collection and the 
current burden estimates follows:

Proposal To Extend the Following Currently Approved Collection of 
Information

    Title: Regulatory Capital Rules.
    OMB Number: 3064-0153.
    Affected Public: State nonmember banks, state savings associations, 
and certain subsidiaries of those entities.
    Estimated Number of Respondents: Advanced approaches--8; Minimum 
capital ratios--4,571; Standardized approach--4,571.
    Frequency of response: Occasional.
    Estimated Time per Response: Varied.
    Total Estimated Annual Burden: 737,275 hours.
    General Description of Collection: This collection comprises the 
disclosure and recordkeeping requirements associated with minimum 
capital requirements and overall capital adequacy standards for insured 
state nonmember banks, state savings associations, and certain 
subsidiaries of those entities. The capital standards are consistent 
with agreements reached by the Basel Committee on Banking Supervision 
(BCBS) in ``Basel III: A Global Regulatory Framework for More Resilient 
Banks and Banking Systems,'' and with section 171 of the Dodd-Frank 
Act, which requires establishment of minimum risk-based and leverage 
capital requirements, and with section 939A of the Dodd-Frank Act, 
which requires the use of alternatives to credit ratings for 
calculating risk-weighted assets. The data is used by the FDIC to 
evaluate capital before approving various applications by insured 
depository institutions, to evaluate capital as an essential component 
in determining safety and soundness, and to determine whether an 
institution is subject to prompt corrective action provisions.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collection, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the information 
collection on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

    Dated at Washington, DC, this 19th day of February, 2014.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2014-03818 Filed 2-21-14; 8:45 am]
BILLING CODE 6714-01-P