Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies Under the Fair and Accurate Credit Transactions Act, 56549-56550 [2015-23403]
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Federal Register / Vol. 80, No. 181 / Friday, September 18, 2015 / Notices
tkelley on DSK3SPTVN1PROD with NOTICES
the sample Call Report forms and the
Call Report instruction book for report
dates before March 31, 2015, the caption
for item 45 and the instructions for this
item both indicated that, effective for
report dates on or after January 1, 2015,
advanced approaches institutions
should begin to report their SLR in the
Call Report as calculated for purposes of
Schedule A, item 98, of the FFIEC 101,
Regulatory Capital Reporting for
Institutions Subject to the Advanced
Capital Adequacy Framework.20
However, the agencies temporarily
suspended the collection of Schedule
RC–R, Part I, item 45, before it took
effect March 31, 2015, due to
amendments to the SLR rule21 and the
need for updates to the associated SLR
data collection in the FFIEC 101.
The agencies have finalized the most
recent revisions to the SLR rule, which
requires all advanced approaches
institutions to disclose three items: the
numerator of the SLR (Tier 1 capital,
which is already reported in Call Report
Schedule RC–R), the denominator of the
SLR (total leverage exposure), and the
ratio itself.22 As part of the revisions to
the FFIEC 101, the SLR section of the
FFIEC 101 will apply only to top-tier
advanced approaches institutions
(generally, bank and savings and loan
holding companies), and not to their
subsidiary depository institutions.
Therefore, lower tier advanced
approaches depository institutions
generally will not report SLR data in the
FFIEC 101, and will need to do so in the
Call Report, which would satisfy the
SLR disclosure requirement in the
revised SLR rule.23
Thus, the agencies are proposing to
add a new item 45.a to Schedule RC–R,
Part I, in which an advanced approaches
depository institution (regardless of
year-end regulatory report equal to $10 billion or
more (excluding exposures held by an insurance
underwriting subsidiary); (iii) is a subsidiary of a
depository institution that uses the advanced
approaches to calculate its total risk-weighted
assets; (iv) is a subsidiary of a bank holding
company or savings and loan holding company that
uses the advanced approaches to calculate its total
risk-weighted assets; or (v) elects to use the
advanced approaches to calculate its total riskweighted assets.
20 OMB numbers: For the OCC, 1557–0239; for
the Board, 7100–0319; and for the FDIC, 3064–0159.
21 See 79 FR 57725 (September 26, 2014). The
amendments to the SLR rule took effect January 1,
2015.
22 See 80 FR 41409 (July 15, 2015). The disclosure
requirement is set forth in the agencies’ regulatory
capital rules (12 CFR 3.172 (OCC); 12 CFR 217.172
(Board), and 12 CFR 324.172 (FDIC)).
23 Because certain depository institutions are
exempt from filing the FFIEC 101, but must still
report their SLR components and ratio, the agencies
are proposing the depository institution-level
collection of SLR data in the Call Report rather than
in the FFIEC 101.
VerDate Sep<11>2014
18:47 Sep 17, 2015
Jkt 235001
parallel run status) would report total
leverage exposure as calculated under
the agencies’ SLR rule.
The agencies also are proposing to
renumber current item 45 of Schedule
RC–R, Part I, as item 45.b, to collect an
institution’s SLR. The ratio to be
reported in item 45.b would equal Tier
1 capital reported on Schedule RC–R,
Part I, item 26, divided by total leverage
exposure reported in proposed item
45.a. Renumbered item 45.b would no
longer reference the FFIEC 101 because
lower tier depository institutions would
no longer be calculating or reporting
their SLRs on the FFIEC 101.
The reporting of the proposed SLR
information would take effect March 31,
2016.
IV. Request for Comment
Public comment is requested on all
aspects of this joint 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
agencies’ functions, including whether
the information has practical utility;
(b) The accuracy of the agencies’
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.
Comments submitted in response to
this joint notice will be shared among
the agencies. All comments will become
a matter of public record.
Dated: September 8, 2015.
Stuart Feldstein,
Director, Legislative and Regulatory Activities
Division, Office of the Comptroller of the
Currency.
Dated: September 11, 2015.
Michael Lewandowski,
Associate Secretary of the Board, Board of
Governors of the Federal Reserve System.
Dated at Washington, DC, this 9th day of
September, 2015.
Robert E. Feldman,
Executive Secretary, Federal Deposit
Insurance Corporation.
[FR Doc. 2015–23402 Filed 9–17–15; 8:45 am]
BILLING CODE 4810–33P; 6210–01–P; 6714–01–P
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56549
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Procedures To Enhance the Accuracy
and Integrity of Information Furnished
to Consumer Reporting Agencies
Under the Fair and Accurate Credit
Transactions Act
Office of the Comptroller of the
Currency, Treasury.
ACTION: 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.
An agency may not conduct or
sponsor, and a respondent is not
required to respond to, an information
collection unless it displays a currently
valid OMB control number.
The OCC is soliciting comment
concerning the renewal of its
information collection titled,
‘‘Procedures to Enhance the Accuracy
and Integrity of Information Furnished
to Consumer Reporting Agencies under
the Fair and Accurate Credit
Transactions Act (FACT Act).’’ The OCC
also is giving notice that it has sent the
collection to OMB for review.
DATES: Comments must be received by
October 19, 2015.
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:
1557–0238, 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 prainfo@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 or, for persons
who are deaf or hard of hearing, TTY,
(202) 649–5597. Upon arrival, visitors
will be required to present valid
government-issued photo identification
and submit to security screening in
SUMMARY:
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tkelley on DSK3SPTVN1PROD with NOTICES
56550
Federal Register / Vol. 80, No. 181 / Friday, September 18, 2015 / 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
include 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, 1557–0238, 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:
Shaquita Merritt, OCC Clearance
Officer, (202) 649–5490, for persons
who are deaf or hard of hearing, TTY,
(202) 649–5597, Legislative and
Regulatory Activities Division, Office of
the Comptroller of the Currency, 400 7th
Street SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC
is requesting that OMB extend its
approval of this collection of
information.
Title: Procedures to Enhance the
Accuracy and Integrity of Information
Furnished to Consumer Reporting
Agencies under Section 312 of the Fair
and Accurate Credit Transactions Act
(FACT Act).
OMB Control No.: 1557–0238.
Description: Section 312 of the Fair
and Accurate Credit Transactions Act of
2003 (FACT Act) requires the issuance
of (1) guidelines for use by furnishers
regarding the accuracy and integrity of
the information about consumers that
they furnish to consumer reporting
agencies and (2) regulations requiring
furnishers to establish reasonable
policies and procedures for
implementing the guidelines. Section
312 also requires the issuance of
regulations identifying the
circumstances under which a furnisher
must reinvestigate disputes about the
accuracy of information contained in a
consumer report based on a direct
request from a consumer.
Twelve CFR 1022.42(a) requires
furnishers to establish and implement
reasonable written policies and
procedures regarding the accuracy and
integrity of consumer information that
they provide to a consumer reporting
agency (CRA).
Twelve CFR 1022.43(a) permits
consumers to initiate disputes directly
with the furnishers in certain
circumstances. Furnishers are required
to have procedures to ensure that
disputes received directly from
consumers are handled in a
VerDate Sep<11>2014
19:35 Sep 17, 2015
Jkt 235001
substantially similar manner to those
complaints received through CRAs.
Twelve 1022.43(f)(2) incorporates the
statutory requirement that a furnisher
must notify a consumer by mail or other
means (if authorized by the consumer)
not later than five business days after
making a determination that a dispute is
frivolous or irrelevant. Twelve CFR
1022.43(f) incorporates the statute’s
content requirements for the notices.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
1,464 respondents.
Estimated Total Annual Burden:
185,443 hours.
A 60-day Federal Register notice
concerning this collection of
information was published on July 7,
2015, 80 FR 38808. No comments were
received. Comments continue to be
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 burden of the collection
of information;
(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.
FOR FURTHER INFORMATION CONTACT:
Dated: September 14, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and
Regulatory Activities Division.
Dated: September 8, 2015.
Kevin McIntyre,
Manager, Financial Accounting and Services
Branch, Bureau of the Fiscal Service.
[FR Doc. 2015–23403 Filed 9–17–15; 8:45 am]
BILLING CODE P
Surety Bond Branch at (202) 874–6850.
A
Certificate of Authority as an acceptable
surety on Federal bonds is hereby
issued under 31 U.S.C. 9305 to the
following company:
SUPPLEMENTARY INFORMATION:
Berkshire Hathaway Specialty Insurance
Company (NAIC # 22276).
BUSINESS ADDRESS: 3024 Harney Street,
Omaha, NE., 68131–3580.
PHONE: (402) 916–3000.
UNDERWRITING LIMITATION b/:
$323,414,000.
SURETY LICENSES c/: AL, AR, CO, FL, ID,
IN, IA, ME, MD, MN, MT, NE., NJ, NC, ND,
PA, RI, SD, TX, UT, VT,WV, WI, WY.
INCORPORATED IN: Nebraska.
Federal bond-approving officers
should annotate their reference copies
of the Treasury Circular 570
(‘‘Circular’’), 2015 Revision, to reflect
this addition.
Certificates of Authority expire on
June 30th each year, unless revoked
prior to that date. The Certificates are
subject to subsequent annual renewal as
long as the companies remain qualified
(see 31 CFR part 223). A list of qualified
companies is published annually as of
July 1st in the Circular, which outlines
details as to the underwriting
limitations, areas in which companies
are licensed to transact surety business,
and other information.
The Circular may be viewed and
downloaded through the Internet at
https://www.fiscal.treasury.gov/fsreports/
ref/suretyBnd/surety_home.htm.
Questions concerning this notice may
be directed to the U.S. Department of
the Treasury, Bureau of the Fiscal
Service, Surety Bond Branch, 3700 EastWest Highway, Room 6D22, Hyattsville,
MD 20782.
[FR Doc. 2015–23446 Filed 9–17–15; 8:45 am]
BILLING CODE 4810–35–P
DEPARTMENT OF THE TREASURY
Fiscal Service
DEPARTMENT OF VETERANS
AFFAIRS
Surety Companies Acceptable on
Federal Bonds: Berkshire Hathaway
Specialty Insurance Company
Publication of Choice Act Section 201
Independent Assessments
Bureau of the Fiscal Service,
Fiscal Service, Department of the
Treasury.
ACTION: Notice.
ACTION:
AGENCY:
This is Supplement No. 2 to
the Treasury Department Circular 570,
2015 Revision, published July 1, 2015,
at 80 FR 37735.
SUMMARY:
PO 00000
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Department of Veterans Affairs.
Notice.
AGENCY:
The Department of Veterans
Affairs (VA), the Commission on Care,
the Senate Veterans’ Affairs Committee,
and the House Veterans’ Affairs
Committee have received the final
report on the independent assessment of
VA health care processes as required
SUMMARY:
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]]>Agencies
[Federal Register Volume 80, Number 181 (Friday, September 18, 2015)]
[Notices]
[Pages 56549-56550]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-23403]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Procedures To Enhance the Accuracy
and Integrity of Information Furnished to Consumer Reporting Agencies
Under the Fair and Accurate Credit Transactions Act
AGENCY: Office of the Comptroller of the Currency, Treasury.
ACTION: 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.
An agency may not conduct or sponsor, and a respondent is not
required to respond to, an information collection unless it displays a
currently valid OMB control number.
The OCC is soliciting comment concerning the renewal of its
information collection titled, ``Procedures to Enhance the Accuracy and
Integrity of Information Furnished to Consumer Reporting Agencies under
the Fair and Accurate Credit Transactions Act (FACT Act).'' The OCC
also is giving notice that it has sent the collection to OMB for
review.
DATES: Comments must be received by October 19, 2015.
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: 1557-0238, 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 prainfo@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 or, for persons who are deaf or hard of hearing,
TTY, (202) 649-5597. Upon arrival, visitors will be required to present
valid government-issued photo identification and submit to security
screening in
[[Page 56550]]
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 include 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, 1557-0238, 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: Shaquita Merritt, OCC Clearance
Officer, (202) 649-5490, for persons who are deaf or hard of hearing,
TTY, (202) 649-5597, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency, 400 7th Street SW.,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC is requesting that OMB extend its
approval of this collection of information.
Title: Procedures to Enhance the Accuracy and Integrity of
Information Furnished to Consumer Reporting Agencies under Section 312
of the Fair and Accurate Credit Transactions Act (FACT Act).
OMB Control No.: 1557-0238.
Description: Section 312 of the Fair and Accurate Credit
Transactions Act of 2003 (FACT Act) requires the issuance of (1)
guidelines for use by furnishers regarding the accuracy and integrity
of the information about consumers that they furnish to consumer
reporting agencies and (2) regulations requiring furnishers to
establish reasonable policies and procedures for implementing the
guidelines. Section 312 also requires the issuance of regulations
identifying the circumstances under which a furnisher must
reinvestigate disputes about the accuracy of information contained in a
consumer report based on a direct request from a consumer.
Twelve CFR 1022.42(a) requires furnishers to establish and
implement reasonable written policies and procedures regarding the
accuracy and integrity of consumer information that they provide to a
consumer reporting agency (CRA).
Twelve CFR 1022.43(a) permits consumers to initiate disputes
directly with the furnishers in certain circumstances. Furnishers are
required to have procedures to ensure that disputes received directly
from consumers are handled in a substantially similar manner to those
complaints received through CRAs.
Twelve 1022.43(f)(2) incorporates the statutory requirement that a
furnisher must notify a consumer by mail or other means (if authorized
by the consumer) not later than five business days after making a
determination that a dispute is frivolous or irrelevant. Twelve CFR
1022.43(f) incorporates the statute's content requirements for the
notices.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 1,464 respondents.
Estimated Total Annual Burden: 185,443 hours.
A 60-day Federal Register notice concerning this collection of
information was published on July 7, 2015, 80 FR 38808. No comments
were received. Comments continue to be 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 burden of the
collection of information;
(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: September 14, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2015-23403 Filed 9-17-15; 8:45 am]
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