Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Market Risk, 70879-70880 [2015-28914]
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Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Notices
administrative determinations of
preemption as to certain requirements
in Chapter 6.95 of the California Health
and Safety Code and Titles 2 and 32 of
the Los Angeles County Code relating to
unloading and storage of hazardous
materials.
A person who is adversely affected or
aggrieved by a preemption
determination may file a petition for
judicial review of that determination in
the United States Court of Appeals for
the District of Columbia or in the Court
of Appeals for the United States for the
circuit in which the petitioner resides or
has its principal place of business,
within 60 days after the determination
becomes final. 49 U.S.C. 5127(a).
Issued in Washington, DC, on November
10, 2015.
Joseph Solomey,
Senior Assistant Chief Counsel.
[FR Doc. 2015–28921 Filed 11–13–15; 8:45 am]
BILLING CODE 4910–60–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Market Risk
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 (PRA).
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 the
renewal of its information collection
titled, ‘‘Market Risk.’’ The OCC also is
giving notice that it has sent the
collection to OMB for review.
DATES: You should submit written
comments by: December 16, 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
tkelley on DSK3SPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
19:47 Nov 13, 2015
Jkt 238001
Activities Division, Office of the
Comptroller of the Currency, Attention:
1557–0247, 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
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, 1557–0247, 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, Clearance Officer,
(202) 649–5490 or, 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 extension of OMB
approval for this collection. There have
been no changes to the requirements of
the regulations.
Title: Market Risk.
OMB Control No.: 1557–0247.
Description: The Office of the
Comptroller of the Currency’s (OCC)
market risk capital rules (12 CFR part 3,
subpart F) capture positions for which
the market risk capital rules are
appropriate; reduce procyclicality in
market risk capital requirements;
enhance the rules’ sensitivity to risks
that are not adequately captured under
the current regulatory measurement
methodologies; and increase
transparency through enhanced
disclosures.
The information collection
requirements are located at 12 CFR
3.203 through 3.212. The rules enhance
risk sensitivity and include
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Sfmt 4703
70879
requirements for the public disclosure
of certain qualitative and quantitative
information about the market risk of
national banks and Federal savings
associations. The collection of
information is necessary to ensure
capital adequacy appropriate for the
level of market risk.
Section 3.203 sets forth the
requirements for applying the market
risk framework. Section 3.203(a)(1)
requires national banks and Federal
savings associations to have clearly
defined policies and procedures for
determining which trading assets and
trading liabilities are trading positions
and specifies the factors a national bank
or Federal savings association must take
into account in drafting those policies
and procedures. Section 3.203(a)(2)
requires national banks and Federal
savings associations to have clearly
defined trading and hedging strategies
for trading positions that are approved
by senior management and specifies
what the strategies must articulate.
Section 3.203(b)(1) requires national
banks and Federal savings associations
to have clearly defined policies and
procedures for actively managing all
covered positions and specifies the
minimum requirements for those
policies and procedures. Sections
3.203(c)(4) through 3.203(c)(10) require
the annual review of internal models
and specify certain requirements for
those models. Section 3.203(d) requires
the internal audit group of a national
bank or Federal savings association to
prepare an annual report to the board of
directors on the effectiveness of controls
supporting the market risk measurement
systems.
Section 3.204(b) requires national
banks and Federal savings associations
to conduct quarterly backtesting.
Section 3.205(a)(5) requires institutions
to demonstrate to the OCC the
appropriateness of proxies used to
capture risks within value-at-risk
models. Section 3.205(c) requires
institutions to develop, retain, and make
available to the OCC value-at-risk and
profit and loss information on subportfolios for two years. Section
3.206(b)(3) requires national banks and
Federal savings associations to have
policies and procedures that describe
how they determine the period of
significant financial stress used to
calculate the institution’s stressed
value-at-risk models and to obtain prior
OCC approval for any material changes
to these policies and procedures.
Section 3.207(b)(1) details
requirements applicable to a national
bank or Federal savings association
when the national bank or Federal
savings association uses internal models
E:\FR\FM\16NON1.SGM
16NON1
tkelley on DSK3SPTVN1PROD with NOTICES
70880
Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Notices
to measure the specific risk of certain
covered positions. Section 3.208
requires national banks and Federal
savings associations to obtain prior
written OCC approval for incremental
risk modeling. Section 3.209(a) requires
prior OCC approval for the use of a
comprehensive risk measure. Section
3.209(c)(2) requires national banks and
Federal savings associations to retain
and report the results of supervisory
stress testing. Section 3.210(f)(2)(i)
requires national banks and Federal
savings associations to document an
internal analysis of the risk
characteristics of each securitization
position in order to demonstrate an
understanding of the position. Section
3.212 requires quarterly quantitative
disclosures, annual qualitative
disclosures, and a formal disclosure
policy approved by the board of
directors that addresses the approach for
determining the market risk disclosures
it makes.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Number of Respondents: 13.
Estimated Burden per Respondent:
1,964 hours.
Total Estimated Annual Burden:
25,532 hours.
The OCC issued a notice for 60 days
of comment on August 10, 2015, 80 FR
47987. 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: November 9, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and
Regulatory Activities Division.
[FR Doc. 2015–28914 Filed 11–13–15; 8:45 a.m.]
BILLING CODE 4810–33–P
VerDate Sep<11>2014
19:47 Nov 13, 2015
Jkt 238001
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Revision; Comment Request;
Domestic First Lien Residential
Mortgage Data
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 revision to an
information collection, as required by
the Paperwork Reduction Act of 1995
(PRA).
Under the PRA, Federal agencies are
required to publish notice in the
Federal Register concerning each
proposed collection of information,
including each proposed extension of or
revision to 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 a 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 a
revision to its information collection
titled, ‘‘Domestic First Lien Residential
Mortgage Data.’’
DATES: You should submit written
comments by: January 15, 2016.
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:
1557–0331, 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
SUMMARY:
PO 00000
Frm 00134
Fmt 4703
Sfmt 4703
government-issued photo identification
and 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
include any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, Clearance Officer,
(202) 649–5490 or, 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 OMB approval for the
following information collection:
Title: Domestic First Lien Residential
Mortgage Data.
OMB Control Number: 1557–0331.
Description:
Comprehensive mortgage data is vital
to assessing and monitoring credit
quality and loss mitigation activities in
the residential mortgage market and the
federal banking system. This data is
important and necessary to support
supervisory activities to ensure the
safety and soundness of the federal
banking system.
The Dodd-Frank Wall Street Reform
and Regulatory Improvement Act of
2010 requires that this data be collected.
12 U.S.C. 1715z–25.
This data collection is being revised
to include aggregate values to be
calculated from data that is currently
reported in loan level format. These
aggregate values will be industry
standard measures of portfolio
performance, including but not limited
to: Outstanding loan count and unpaid
principal balance; delinquency and
liquidation ratios; and the number of
loss mitigation actions completed.
Aggregate values generally will be
reported at the total portfolio level, with
some values also reported by portfolio
segments including, but not limited to:
borrower credit class and type and
execution date of loss mitigation action.
The reported data items will still be
calculated from loan level data that
includes: Bankruptcy or foreclosure
status; and other detailed loan
information. Banks would not be
required to report this data to the OCC
monthly, but would be required to
provide it upon OCC’s request.
Type of Review: Regular review.
Affected Public: Businesses or other
for-profit.
E:\FR\FM\16NON1.SGM
16NON1
]]>Agencies
[Federal Register Volume 80, Number 220 (Monday, November 16, 2015)]
[Notices]
[Pages 70879-70880]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-28914]
=======================================================================
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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; Market Risk
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 (PRA).
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 the renewal of its information collection titled,
``Market Risk.'' The OCC also is giving notice that it has sent the
collection to OMB for review.
DATES: You should submit written comments by: December 16, 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: 1557-0247, 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 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, 1557-0247, 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, Clearance Officer,
(202) 649-5490 or, 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 extension of OMB
approval for this collection. There have been no changes to the
requirements of the regulations.
Title: Market Risk.
OMB Control No.: 1557-0247.
Description: The Office of the Comptroller of the Currency's (OCC)
market risk capital rules (12 CFR part 3, subpart F) capture positions
for which the market risk capital rules are appropriate; reduce
procyclicality in market risk capital requirements; enhance the rules'
sensitivity to risks that are not adequately captured under the current
regulatory measurement methodologies; and increase transparency through
enhanced disclosures.
The information collection requirements are located at 12 CFR 3.203
through 3.212. The rules enhance risk sensitivity and include
requirements for the public disclosure of certain qualitative and
quantitative information about the market risk of national banks and
Federal savings associations. The collection of information is
necessary to ensure capital adequacy appropriate for the level of
market risk.
Section 3.203 sets forth the requirements for applying the market
risk framework. Section 3.203(a)(1) requires national banks and Federal
savings associations to have clearly defined policies and procedures
for determining which trading assets and trading liabilities are
trading positions and specifies the factors a national bank or Federal
savings association must take into account in drafting those policies
and procedures. Section 3.203(a)(2) requires national banks and Federal
savings associations to have clearly defined trading and hedging
strategies for trading positions that are approved by senior management
and specifies what the strategies must articulate. Section 3.203(b)(1)
requires national banks and Federal savings associations to have
clearly defined policies and procedures for actively managing all
covered positions and specifies the minimum requirements for those
policies and procedures. Sections 3.203(c)(4) through 3.203(c)(10)
require the annual review of internal models and specify certain
requirements for those models. Section 3.203(d) requires the internal
audit group of a national bank or Federal savings association to
prepare an annual report to the board of directors on the effectiveness
of controls supporting the market risk measurement systems.
Section 3.204(b) requires national banks and Federal savings
associations to conduct quarterly backtesting. Section 3.205(a)(5)
requires institutions to demonstrate to the OCC the appropriateness of
proxies used to capture risks within value-at-risk models. Section
3.205(c) requires institutions to develop, retain, and make available
to the OCC value-at-risk and profit and loss information on sub-
portfolios for two years. Section 3.206(b)(3) requires national banks
and Federal savings associations to have policies and procedures that
describe how they determine the period of significant financial stress
used to calculate the institution's stressed value-at-risk models and
to obtain prior OCC approval for any material changes to these policies
and procedures.
Section 3.207(b)(1) details requirements applicable to a national
bank or Federal savings association when the national bank or Federal
savings association uses internal models
[[Page 70880]]
to measure the specific risk of certain covered positions. Section
3.208 requires national banks and Federal savings associations to
obtain prior written OCC approval for incremental risk modeling.
Section 3.209(a) requires prior OCC approval for the use of a
comprehensive risk measure. Section 3.209(c)(2) requires national banks
and Federal savings associations to retain and report the results of
supervisory stress testing. Section 3.210(f)(2)(i) requires national
banks and Federal savings associations to document an internal analysis
of the risk characteristics of each securitization position in order to
demonstrate an understanding of the position. Section 3.212 requires
quarterly quantitative disclosures, annual qualitative disclosures, and
a formal disclosure policy approved by the board of directors that
addresses the approach for determining the market risk disclosures it
makes.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Number of Respondents: 13.
Estimated Burden per Respondent: 1,964 hours.
Total Estimated Annual Burden: 25,532 hours.
The OCC issued a notice for 60 days of comment on August 10, 2015,
80 FR 47987. 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: November 9, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2015-28914 Filed 11-13-15; 8:45 a.m.]
BILLING CODE 4810-33-P
