Federal Procurement Data System Product Service Code Manual Update, 30461-30462 [2015-12891]

Download as PDF Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices mandatory and voluntary respondents are required to meet certain qualification requirements before they can use the advanced approaches framework for risk-based capital purposes. The Pillar 2 Guidance sets the expectation that respondents maintain certain documentation as described in paragraphs 37, 41, 43, and 46 of this portion of the guidance. Details of the expectations for each section are provided below. Setting and Assessing Capital Adequacy Goals That Relate to Risk Paragraph 37. In analyzing capital adequacy, a banking organization should evaluate the capacity of its capital to absorb losses. Because various definitions of capital are used within the banking industry, each banking organization should state clearly the definition of capital used in any aspect of its internal capital adequacy assessment process (ICAAP).2 Since components of capital are not necessarily alike and have varying capacities to absorb losses, a banking organization should be able to demonstrate the relationship between its internal capital definition and its assessment of capital adequacy. If a banking organization’s definition of capital differs from the regulatory definition, the banking organization should reconcile such differences and provide an analysis to support the inclusion of any capital instruments that are not recognized under the regulatory definition. Although common equity is generally the predominant component of a banking organization’s capital structure, a banking organization may be able to support the inclusion of other capital instruments in its internal definition of capital if it can demonstrate a similar capacity to absorb losses. The banking organization should document any changes in its internal definition of capital, and the reason for those changes. asabaliauskas on DSK5VPTVN1PROD with NOTICES Ensuring Integrity of Internal Capital Adequacy Assessments Paragraph 41. A banking organization should maintain thorough documentation of its ICAAP to ensure transparency. At a minimum, this 2 A bank holding company with total consolidated assets of $50 billion or more is required to develop and maintain a capital plan, which must set forth a capital adequacy process. 76 FR 74631 (December 1, 2011). ICAAP would constitute an internal capital adequacy process for purposes of the final rule, and bank holding companies that have a satisfactory ICAAP generally would be considered to have a satisfactory internal capital adequacy process for purposes of the final rule. VerDate Sep<11>2014 18:18 May 27, 2015 Jkt 235001 should include a description of the banking organization’s overall capitalmanagement process, including the committees and individuals responsible for the ICAAP; the frequency and distribution of ICAAP-related reporting; and the procedures for the periodic evaluation of the appropriateness and adequacy of the ICAAP. In addition, where applicable, ICAAP documentation should demonstrate the banking organization’s sound use of quantitative methods (including model selection and limitations) and dataselection techniques, as well as appropriate maintenance, controls, and validation. A banking organization should document and explain the role of third-party and vendor products, services and information—including methodologies, model inputs, systems, data, and ratings—and the extent to which they are used within the ICAAP. A banking organization should have a process to regularly evaluate the performance of third-party and vendor products, services and information. As part of the ICAAP documentation, a banking organization should document the assumptions, methods, data, information, and judgment used in its quantitative and qualitative approaches. Paragraph 43. The board of directors and senior management have certain responsibilities in developing, implementing, and overseeing the ICAAP. The board should approve the ICAAP and its components. The board or its appropriately delegated agent should review the ICAAP and its components on a regular basis, and approve any revisions. That review should encompass the effectiveness of the ICAAP, the appropriateness of risk tolerance levels and capital planning, and the strength of control infrastructures. Senior management should continually ensure that the ICAAP is functioning effectively and as intended, under a formal review policy that is explicit and well documented. Additionally, a banking organization’s internal audit function should play a key role in reviewing the controls and governance surrounding the ICAAP on an ongoing basis. Paragraph 46. As part of the ICAAP, the board or its delegated agent, as well as appropriate senior management, should periodically review the resulting assessment of overall capital adequacy. This review, which should occur at least annually, should include an analysis of how measures of internal capital adequacy compare with other capital measures (such as regulatory, accounting-based or marketdetermined). Upon completion of this review, the board or its delegated agent PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 30461 should determine that, consistent with safety and soundness, the banking organization’s capital takes into account all material risks and is appropriate for its risk profile. However, in the event a capital deficiency is uncovered (that is, if capital is not consistent with the banking organization’s risk profile or risk tolerance) management should consult and adhere to formal procedures to correct the capital deficiency. Board of Governors of the Federal Reserve System, May 21, 2015. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2015–12738 Filed 5–27–15; 8:45 am] BILLING CODE 6210–01–P GENERAL SERVICES ADMINISTRATION [Notice-2015–QVO–01; Docket No. 2015– 0002; Sequence 12] Federal Procurement Data System Product Service Code Manual Update Federal Acquisition Service; General Services Administration. ACTION: Notice. AGENCY: This notice announces that the Product and Service Codes (PSC) Manual, which provides codes to describe products, services, and research and development purchased by the government, is in the process of being updated. The General Services Administration (GSA), which maintains the PSC Manual, is in the process of updating the manual. The update includes the addition, deletion or revisions of codes. The revised PSC Manual will be effective October 1, 2015 (FY 2016). DATES: Effective: May 28, 2015. Comments: Interested parties should submit written comments to the Regulatory Secretariat at one of the addresses shown below on or before June 29, 2015. ADDRESSES: Submit comments, June 29, 2015, identified by Notice–2015–QVO– 01, Federal Procurement Data System Product and Service Codes Manual Update, by any of the following methods: • Regulations.gov: http:// www.regulations.gov. Submit comments via the Federal eRulemaking portal by searching for Notice–2015–QVO–01. Select the link ‘‘Comment Now’’ that corresponds with ‘‘Notice–2015–QVO– 01, Federal Procurement Data System Product and Service Codes Manual Update’’. Follow the instructions provided on the screen. Please include your name, company name (if any), and SUMMARY: E:\FR\FM\28MYN1.SGM 28MYN1 30462 Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices ‘‘Notice–2015–QVO–01, Federal Procurement Data System Product and Service Codes Manual Update,’’ on your attached document. • Mail: General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street NW., Washington, DC 20405. ATTN: Ms. Flowers. Instructions: Please submit comments only and cite Notice–2015–QVO–01, Federal Procurement Data System Product and Service Codes Manual Update, in all correspondence related to this notice. All comments received will be posted without change to http:// www.regulations.gov, including any personal and/or business confidential information provided. FOR FURTHER INFORMATION CONTACT: Ms. Pat Brooks at pat.brooks@gsa.gov or 703–605–3406. SUPPLEMENTARY INFORMATION: The Product and Service Codes (PSC) Manual provides codes to describe products, services, and research and development purchased by the government. The codes are one of the data elements reported in the Federal Procurement Data System (FPDS). The GSA, which maintains the PSC Manual, is in the process of updating the manual. The update includes the addition, deletion or revisions of codes. The list of PSC code revisions is titled ‘‘Notice–2015–QVO–01; Docket No. 2015–0002; Sequence 12, Federal Procurement Data System Product and Service Codes Manual’’ and is viewable and searchable on regulation.gov. The current manual titled ‘‘Federal Procurement Data System Product and Service Codes Manual, August 2011 Edition’’ is also posted on regulation.gov. A thirty (30) day comment period is available. Dated: May 19, 2015. Karen Kopf, Acting Assistant Commissioner, Integrated Award Environment, Federal Acquisition Service. Proposed Project Using Rapid Assessment Methods to Understand Issues in HIV Prevention, Care and Treatment in the United States—New—National Center for HIV/ AIDS, Viral Hepatitis, STD, and TB Prevention (NCHHSTP), Centers for Disease Control and Prevention (CDC). [FR Doc. 2015–12891 Filed 5–27–15; 8:45 am] BILLING CODE 6820–89–P asabaliauskas on DSK5VPTVN1PROD with NOTICES DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Disease Control and Prevention [30Day–15–14APJ] Agency Forms Undergoing Paperwork Reduction Act Review The Centers for Disease Control and Prevention (CDC) has submitted the following information collection request VerDate Sep<11>2014 18:18 May 27, 2015 Jkt 235001 to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995. The notice for the proposed information collection is published to obtain comments from the public and affected agencies. Written comments and suggestions from the public and affected agencies concerning the proposed collection of information are encouraged. Your comments should address any of the following: (a) Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) Evaluate the accuracy of the agencies estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; (c) Enhance the quality, utility, and clarity of the information to be collected; (d) Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses; and (e) Assess information collection costs. To request additional information on the proposed project or to obtain a copy of the information collection plan and instruments, call (404) 639–7570 or send an email to omb@cdc.gov. Written comments and/or suggestions regarding the items contained in this notice should be directed to the Attention: CDC Desk Officer, Office of Management and Budget, Washington, DC 20503 or by fax to (202) 395–5806. Written comments should be received within 30 days of this notice. Background and Brief Description The Centers for Disease Control and Prevention requests approval for a 3year clearance to collect data using rapid qualitative inquiries to understand issues related to HIV prevention, care, and treatment in the United States. Rapid inquiries are concentrated data collection and iterative data analytic efforts focused on timely and relevant responses to urgent issues and research questions. Although we will collect the PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 majority of data using qualitative methods, many studies covered under this generic information collection, will involve a mixed methods approach for data collection. The rapid inquiries will include multiple well-established qualitative methodologies, which may include but not be limited to in-depth individual interviews, focus groups, direct observations, case studies, document reviews, or brief quantitative surveys assessing demographics, behaviors, attitudes, intentions, beliefs, or other attributes of the respondents. In some assessments, additional contextual information may be collected, such as information about the respondents’ community, workplaces, or organizations and places where they interact. CDC expects to collect qualitative data from approximately 1,800 respondents, assuming three research studies per year with each research study collecting data from 200 respondents. For all proposed studies under this generic information collection, our efforts are expected to provide insight regarding a wide array of HIV-related programs designed for various populations throughout the United States, including but not limited to: Persons living with HIV/AIDS (PLWH); persons at elevated risk for acquiring new HIV infection or transmitting existing HIV infection to others; clinicians or other HIV care providers; men who have sex with men (MSM); transgender persons; injection and noninjection drug users; incarcerated populations or ex-prisoners; commercial sex workers; male and female heterosexual groups at high risk for HIV infection; and other providers and organizations (e.g., health departments, community-based organizations, public and private health clinics, advocacy groups, community groups, or other governmental and nongovernmental organizations) serving or otherwise interacting with persons at greatest need for HIV prevention, care, and treatment. Recruitment procedures will vary slightly based on the target population and research design of each information collection submitted under this generic information collection. Partner organizations such as public and private health clinics and community-based organizations that serve the target populations in the respective geographic locations may be contacted for their assistance in recruitment of potential respondents. Respondents may be identified and selected as key informants and invited to participate by contractor staff members. E:\FR\FM\28MYN1.SGM 28MYN1

Agencies

[Federal Register Volume 80, Number 102 (Thursday, May 28, 2015)]
[Notices]
[Pages 30461-30462]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-12891]


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GENERAL SERVICES ADMINISTRATION

[Notice-2015-QVO-01; Docket No. 2015-0002; Sequence 12]


Federal Procurement Data System Product Service Code Manual 
Update

AGENCY: Federal Acquisition Service; General Services Administration.

ACTION: Notice.

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SUMMARY: This notice announces that the Product and Service Codes (PSC) 
Manual, which provides codes to describe products, services, and 
research and development purchased by the government, is in the process 
of being updated. The General Services Administration (GSA), which 
maintains the PSC Manual, is in the process of updating the manual. The 
update includes the addition, deletion or revisions of codes. The 
revised PSC Manual will be effective October 1, 2015 (FY 2016).

DATES: Effective: May 28, 2015.
    Comments: Interested parties should submit written comments to the 
Regulatory Secretariat at one of the addresses shown below on or before 
June 29, 2015.

ADDRESSES: Submit comments, June 29, 2015, identified by Notice-2015-
QVO-01, Federal Procurement Data System Product and Service Codes 
Manual Update, by any of the following methods:
     Regulations.gov: http://www.regulations.gov. Submit 
comments via the Federal eRulemaking portal by searching for Notice-
2015-QVO-01. Select the link ``Comment Now'' that corresponds with 
``Notice-2015-QVO-01, Federal Procurement Data System Product and 
Service Codes Manual Update''. Follow the instructions provided on the 
screen. Please include your name, company name (if any), and

[[Page 30462]]

``Notice-2015-QVO-01, Federal Procurement Data System Product and 
Service Codes Manual Update,'' on your attached document.
     Mail: General Services Administration, Regulatory 
Secretariat Division (MVCB), 1800 F Street NW., Washington, DC 20405. 
ATTN: Ms. Flowers.
    Instructions: Please submit comments only and cite Notice-2015-QVO-
01, Federal Procurement Data System Product and Service Codes Manual 
Update, in all correspondence related to this notice. All comments 
received will be posted without change to http://www.regulations.gov, 
including any personal and/or business confidential information 
provided.

FOR FURTHER INFORMATION CONTACT: Ms. Pat Brooks at pat.brooks@gsa.gov 
or 703-605-3406.

SUPPLEMENTARY INFORMATION: The Product and Service Codes (PSC) Manual 
provides codes to describe products, services, and research and 
development purchased by the government. The codes are one of the data 
elements reported in the Federal Procurement Data System (FPDS). The 
GSA, which maintains the PSC Manual, is in the process of updating the 
manual. The update includes the addition, deletion or revisions of 
codes.
    The list of PSC code revisions is titled ``Notice-2015-QVO-01; 
Docket No. 2015-0002; Sequence 12, Federal Procurement Data System 
Product and Service Codes Manual'' and is viewable and searchable on 
regulation.gov. The current manual titled ``Federal Procurement Data 
System Product and Service Codes Manual, August 2011 Edition'' is also 
posted on regulation.gov. A thirty (30) day comment period is 
available.

    Dated: May 19, 2015.
Karen Kopf,
Acting Assistant Commissioner, Integrated Award Environment, Federal 
Acquisition Service.
[FR Doc. 2015-12891 Filed 5-27-15; 8:45 am]
 BILLING CODE 6820-89-P