Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0046, 3064-0113, & 3064-0178), 77341-77343 [2015-31389]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices Type of Review: Revision of a currently approved collection. Respondents: Business or other forprofit entities, not-for-profit institutions, and state, local or tribal governments. Estimated Number of Respondents and Responses: 500 respondents and 500 responses. Estimated Time per Response: 90 minutes. Frequency of Response: On occasion reporting requirement. Obligation to Respond: Required to obtain or retain benefits. Statutory authority for the currently approved information collection is contained in sections 154(i) and 309(j)(5) of the Communications Act, as amended, 47 U.S.C.s 4(i), 309(j)(5), and sections 1.2105, 1.2110, 1.2112 of the Commission’s rules, 47 CFR 1.2105, 1.2110, 1.2112. Statutory authority for the revised information collection is contained in sections 154(i) and 309(j)(5) of the Communications Act of 1934, as amended, 47 U.S.C. 4(i), 309(j)(5), and sections 1.2105, 1.2110, 1.2112 of the Commission’s rules, as amended, 47 CFR 1.2105, 1.2110, 1.2112. Estimated Total Annual Burden: 750 hours. Total Annual Costs: None. Nature and Extent of Confidentiality: Information collected on FCC Form 175 is made available for public inspection, and the Commission is not requesting that respondents submit confidential information on FCC Form 175. Respondents seeking to have information collected on FCC Form 175 withheld from public inspection may request confidential treatment of such information pursuant to section 0.459 of the Commission’s rules, 47 CFR 0.459. Privacy Act Impact Assessment: No impact(s). Needs and Uses: The Commission is submitting this revised information collection to OMB under its emergency processing procedures. The Commission is seeking emergency OMB approval no later than 26 days after the collection is received at OMB. On February 22, 2012, the President signed the Spectrum Act, which, among other things, authorized the Commission to conduct incentive auctions, and directed that the Commission use this innovative tool for an incentive auction of broadcast television spectrum to help meet the Nation’s growing spectrum needs. See Middle Class Tax Relief and Job Creation Act of 2012, Public Law 112– 96, sections 6402, 6403, 125 Stat. 156 (2012) (Spectrum Act). The Commission’s broadcast incentive auction (BIA) will have three main components: (1) A reverse auction in VerDate Sep<11>2014 17:36 Dec 11, 2015 Jkt 238001 which broadcast television licensees will submit bids to voluntarily relinquish their spectrum usage rights in exchange for defined shares of proceeds from the forward auction; (2) a repacking of the broadcast television bands; and (3) a forward auction of initial licenses for flexible use of the newly available spectrum. The Commission is revising the currently approved information collection on FCC Form 175 to implement new collection requirements that are the result of (1) various Commission actions in which the Commission adopted general rules and procedures to govern the BIA, including rules applicable to applicants seeking to participate in the forward auction component of the BIA and, (2) the Commission’s adoption of new and modified competitive bidding rules and requirements in the Updating Part 1 Report and Order, which will apply to applicants seeking to participate in a Commission auction, including the forward auction component of the BIA. The Commission’s auction rules and related requirements are designed to ensure that the competitive bidding process is limited to serious qualified applicants, deter possible abuse of the bidding and licensing process, and enhance the use of competitive bidding to assign Commission licenses in furtherance of the public interest. The information collected on FCC Form 175 is used by the Commission to determine if an applicant is legally, technically, and financially qualified to participate in a Commission auction. Additionally, if an applicant applies for status as a particular type of auction participant pursuant to Commission rules, the Commission uses information collected on FCC Form 175 to determine whether the applicant is eligible for the status requested. Commission staff reviews the information collected on FCC Form 175 for a particular auction as part of the pre-auction process, prior to the auction being held. Staff determines whether each applicant satisfies the Commission’s requirements to participate in the auction and, if applicable, is eligible for the status as a particular type of auction participant it requested. Without the information collected on FCC Form 175, the Commission will not be able to determine if an applicant is legally, technically, and financially qualified to participate in a Commission auction, including the forward auction component of the BIA, and has complied with the various applicable regulatory and statutory auction requirements for such participation. The Commission plans to continue to use PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 77341 the FCC Form 175 for all upcoming, non-reverse spectrum auctions, including those required or authorized to be conducted pursuant to the Spectrum Act, collecting only the information necessary for each particular auction. Federal Communications Commission. Gloria J. Miles, Federal Register Liaison Officer, Office of the Secretary. [FR Doc. 2015–31318 Filed 12–11–15; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064– 0046, 3064–0113, & 3064–0178) Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: The FDIC, 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 the renewal of existing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the FDIC is soliciting comment on the renewal of the information collections described below. SUMMARY: Comments must be submitted on or before February 12, 2016. ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods: • http://www.FDIC.gov/regulations/ laws/federal/. • Email: comments@fdic.gov. Include the name and number of the collection in the subject line of the message. • Mail: Gary A. Kuiper (202–898– 3877), Counsel, MB–3016 or Manuel E. Cabeza (202–898–3767), Counsel MB– 3105, 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 DATES: E:\FR\FM\14DEN1.SGM 14DEN1 mstockstill on DSK4VPTVN1PROD with NOTICES 77342 Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper or Manuel E. Cabeza, at the FDIC address above. SUPPLEMENTARY INFORMATION: Proposal to renew the following currentlyapproved collections of information: 1. Title: Home Mortgage Disclosure Act. OMB Number: 3064–0046. Affected Public: Insured state nonmember banks. Frequency of Response: On occasion. Estimated Number of Respondents: 2,575. Estimated Number of Responses: 1,091,614. Estimated Time per Response: 5 minutes. Total Annual Burden: 90,967 hours. General Description: To permit the FDIC to detect discrimination in residential mortgage lending, certain insured state nonmember banks are required by FDIC Regulation 12 CFR 338 to maintain various data on home loan applicants. 2. Title: External Audits. OMB Number: 3064–0113. Form Numbers: None. Frequency of Response: Annually. Affected Public: All insured financial institutions with total assets of $500 million or more and other insured financial institutions with total assets of less than $500 million that voluntarily choose to comply. General Description: FDIC’s regulations at 12 CFR 363 establish annual independent audit and reporting requirements for financial institutions with total assets of $500 million or more. The requirements include the submission of an annual report on their financial statements, recordkeeping about management deliberations regarding external auditing and reports about changes in auditors. The information collected is used to facilitate early identification of problems in financial management at financial institutions. Explanation of burden estimates: The estimates of annual burden are based on the estimated burden hours for FDICsupervised institutions within each asset classification ($1 billion or more, $500 million or more but less than $1 billion, and less than $500 million) to comply with the requirements of Part 363 regarding the annual report, audit committee, other reports, and the notice of change in accountants. The number of respondents reflects the number of FDIC-supervised institutions in each asset classification. The number of annual responses reflects the estimated VerDate Sep<11>2014 17:36 Dec 11, 2015 Jkt 238001 number of submissions for each asset classification. The annual burden hours reflects the estimated number of hours for FDIC-supervised institutions within each asset classification to comply with the requirements of Part 363. a. FDIC-Supervised Institutions with Assets of $1 Billion or More. Number of Respondents: 351. Annual Responses: 1,141. Estimated Time per Response: 69.84 hours. Annual Burden Hours: 79,688 hours. b. FDIC-Supervised Institutions with Assets of $500 Million or More but Less than $1 Billion. Number of Respondents: 401. Annual Responses: 1,303. Estimated Time per Response: 8.42 hours. Annual Burden Hours: 10,977 hours. c. FDIC-Supervised Institutions with Assets Less than $500 Million. Number of Respondents: 3,291. Annual Responses: 9,873. Estimated Time per Response: 15 minutes. Annual Burden Hours: 2,468 hours. Total Number of Respondents: 4,043. Total Annual Responses: 12,317. Total Annual Burden Hours: 84,026 hours. 3. Title: Market Risk Capital Requirements. OMB Number: 3064–0178. Form Numbers: None. Frequency of Response: Occasionally. Affected Public: Insured state nonmember banks and state savings associations. Estimated Number of Respondents: 1. Estimated Number of Responses: 1. Total Annual Burden: 1,964 hours. General Description: The FDIC’s market risk capital rules (12 CFR part 324, subpart F) enhance risk sensitivity, increase transparency through enhanced disclosures and include requirements for the public disclosure of certain qualitative and quantitative information about the market risk of state nonmember banks and state savings associations (FDIC-supervised institutions). The market risk rule applies only if a bank holding company or bank has aggregated trading assets and trading liabilities equal to 10 percent or more of quarter-end total assets or $1 billion or more. Currently, only one FDIC-regulated entity meets the criteria. The information collection requirements are located at 12 CFR 324.203 through 324.212. The collection of information is necessary to ensure capital adequacy appropriate for the level of market risk. Section 324.203(a)(1) requires FDICsupervised institutions to have clearly defined policies and procedures for PO 00000 Frm 00029 Fmt 4703 Sfmt 4703 determining which trading assets and trading liabilities are trading positions and specifies the factors a FDICsupervised institutions must take into account in drafting those policies and procedures. Section 324.203(a)(2) requires FDIC-supervised institutions 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 324.203(b)(1) requires FDIC-supervised institutions to have clearly defined policies and procedures for actively managing all covered positions and specifies the minimum requirements for those policies and procedures. Sections 324.203(c)(4) through 324.203(c)(10) require the annual review of internal models and specify certain requirements for those models. Section 324.203(d) requires the internal audit group of a FDICsupervised institution to prepare an annual report to the board of directors on the effectiveness of controls supporting the market risk measurement systems. Section 324.204(b) requires FDICsupervised institutions to conduct quarterly backtesting. Section 324.205(a)(5) requires institutions to demonstrate to the FDIC the appropriateness of proxies used to capture risks within value-at-risk models. Section 324.205(c) requires institutions to develop, retain, and make available to the FDIC value-at-risk and profit and loss information on subportfolios for two years. Section 324.206(b)(3) requires FDIC-supervised institutions 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 FDIC approval for any material changes to these policies and procedures. Section 324.207(b)(1) details requirements applicable to a FDICsupervised institution when the FDICsupervised institution uses internal models to measure the specific risk of certain covered positions. Section 324.208 requires FDIC-supervised institutions to obtain prior written FDIC approval for incremental risk modeling. Section 324.209(a) requires prior FDIC approval for the use of a comprehensive risk measure. Section 324.209(c)(2) requires FDIC-supervised institutions to retain and report the results of supervisory stress testing. Section 324.210(f)(2)(i) requires FDICsupervised institutions to document an internal analysis of the risk characteristics of each securitization position in order to demonstrate an E:\FR\FM\14DEN1.SGM 14DEN1 Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices understanding of the position. Section 324.212 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. Request for Comment Comments are invited on: (a) Whether the collections of information are 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 collections of information, 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 collections of information 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 9th day of December 2015. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015–31389 Filed 12–11–15; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION mstockstill on DSK4VPTVN1PROD with NOTICES Sunshine Act Meeting Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation’s Board of Directors will meet in open session at 10:00 a.m. on Tuesday, December 15, 2015, to consider the following matters: Summary Agenda: No substantive discussion of the following items is anticipated. These matters will be resolved with a single vote unless a member of the Board of Directors requests that an item be moved to the discussion agenda. Disposition of minutes of previous Board of Directors’ Meetings. Memorandum and resolution: Review of Regulations Transferred from the Former Office of Thrift Supervision: Part 390, Subpart V—Management Official Interlocks. Memorandum and resolution re: Notice of Proposed Rulemaking Regarding Proposed Revisions to Part 341 of the FDIC’s Rules and Regulations VerDate Sep<11>2014 17:36 Dec 11, 2015 Jkt 238001 Requiring the Registration of Securities Transfer Agents. Memorandum and resolution re: Fourth Joint Federal Register Notice Addressing FDIC Regulations in Accordance with the Economic Growth and Regulatory Paperwork Reduction Act (‘‘EGRPRA’’). Summary reports, status reports, reports of the Office of Inspector General, and reports of actions taken pursuant to authority delegated by the Board of Directors. Discussion Agenda: Memorandum and resolution re: Proposed 2016 FDIC Operating Budget. The meeting will be held in the Board Room located on the sixth floor of the FDIC Building located at 550 17th Street NW., Washington, DC. This Board meeting will be Webcast live via the Internet and subsequently made available on-demand approximately one week after the event. Visit https://fdic.primetime. mediaplatform.com/#!/channel/123200 3497484/Board+Meetings to view the event. If you need any technical assistance, please visit our Video Help page at: http://www.fdic.gov/video.html. The FDIC will provide attendees with auxiliary aids (e.g., sign language interpretation) required for this meeting. Those attendees needing such assistance should call 703–562–2404 (Voice) or 703–649–4354 (Video Phone) to make necessary arrangements. Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at 202– 898–7043. Dated: December 9, 2015. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015–31481 Filed 12–10–15; 11:15 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Notice to All Interested Parties of the Termination of the Receivership of 10326, Legacy Bank, Scottsdale, Arizona Notice is hereby given that the Federal Deposit Insurance Corporation (‘‘FDIC’’) as Receiver for Legacy Bank, Scottsdale, Arizona (‘‘the Receiver’’) intends to terminate its receivership for said institution. The FDIC was appointed receiver of Legacy Bank on January 7, 2010. The liquidation of the receivership assets has been completed. To the extent permitted by available funds and in accordance with law, the PO 00000 Frm 00030 Fmt 4703 Sfmt 4703 77343 Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receivership will serve no useful purpose. Consequently, notice is given that the receivership shall be terminated, to be effective no sooner than thirty days after the date of this Notice. If any person wishes to comment concerning the termination of the receivership, such comment must be made in writing and sent within thirty days of the date of this Notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Department 32.1, 1601 Bryan Street, Dallas, TX 75201. No comments concerning the termination of this receivership will be considered which are not sent within this time frame. Dated: December 9, 2015. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015–31390 Filed 12–11–15; 8:45 am] BILLING CODE 6714–01–P FEDERAL ELECTION COMMISSION Sunshine Act Meetings Federal Election Commission Thursday, December 17, 2015 at 10:00 a.m. PLACE: 999 E Street NW., Washington, DC (ninth floor) STATUS: This meeting will be open to the public. ITEMS TO BE DISCUSSED: Correction and Approval of Minutes for October 29, 2015 Remarks by Chair Ravel Draft Advisory Opinion 2015–13: Senator Harry Reid Draft Advisory Opinion 2015–14: Hillary for America Rulemaking Petition: Independent Spending by Corporations, Labor Organizations, Foreign Nationals, and Certain Political Committees (Citizens United) Rulemaking Priorities and Proposals: Regulatory Relief for Political Parties; REG 2014–10 Outline of Draft NPRM Implementing Party Segregated Accounts; REG 2013–01 Draft Notice of Proposed Rulemaking on Technical Modernization; Coordination Rulemaking Proposal Commission Documents/Public Disclosure Policies Notice of Proposed Rulemaking on Reporting Multistate Independent AGENCY: DATE AND TIME: E:\FR\FM\14DEN1.SGM 14DEN1

Agencies

[Federal Register Volume 80, Number 239 (Monday, December 14, 2015)]
[Notices]
[Pages 77341-77343]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-31389]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewals; Comment Request (3064-0046, 3064-0113, & 3064-0178)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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

SUMMARY: The FDIC, 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 the renewal of existing 
information collections, as required by the Paperwork Reduction Act of 
1995. Currently, the FDIC is soliciting comment on the renewal of the 
information collections described below.

DATES: Comments must be submitted on or before February 12, 2016.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federal/.
     Email: comments@fdic.gov. Include the name and number of 
the collection in the subject line of the message.
     Mail: Gary A. Kuiper (202-898-3877), Counsel, MB-3016 or 
Manuel E. Cabeza (202-898-3767), Counsel MB-3105, 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

[[Page 77342]]

Budget, New Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper or Manuel E. Cabeza, at 
the FDIC address above.

SUPPLEMENTARY INFORMATION:  Proposal to renew the following currently-
approved collections of information:
    1. Title: Home Mortgage Disclosure Act.
    OMB Number: 3064-0046.
    Affected Public: Insured state nonmember banks.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 2,575.
    Estimated Number of Responses: 1,091,614.
    Estimated Time per Response: 5 minutes.
    Total Annual Burden: 90,967 hours.
    General Description: To permit the FDIC to detect discrimination in 
residential mortgage lending, certain insured state nonmember banks are 
required by FDIC Regulation 12 CFR 338 to maintain various data on home 
loan applicants.
    2. Title: External Audits.
    OMB Number: 3064-0113.
    Form Numbers: None.
    Frequency of Response: Annually.
    Affected Public: All insured financial institutions with total 
assets of $500 million or more and other insured financial institutions 
with total assets of less than $500 million that voluntarily choose to 
comply.
    General Description: FDIC's regulations at 12 CFR 363 establish 
annual independent audit and reporting requirements for financial 
institutions with total assets of $500 million or more. The 
requirements include the submission of an annual report on their 
financial statements, recordkeeping about management deliberations 
regarding external auditing and reports about changes in auditors. The 
information collected is used to facilitate early identification of 
problems in financial management at financial institutions.
    Explanation of burden estimates: The estimates of annual burden are 
based on the estimated burden hours for FDIC-supervised institutions 
within each asset classification ($1 billion or more, $500 million or 
more but less than $1 billion, and less than $500 million) to comply 
with the requirements of Part 363 regarding the annual report, audit 
committee, other reports, and the notice of change in accountants. The 
number of respondents reflects the number of FDIC-supervised 
institutions in each asset classification. The number of annual 
responses reflects the estimated number of submissions for each asset 
classification. The annual burden hours reflects the estimated number 
of hours for FDIC-supervised institutions within each asset 
classification to comply with the requirements of Part 363.
    a. FDIC-Supervised Institutions with Assets of $1 Billion or More.
    Number of Respondents: 351.
    Annual Responses: 1,141.
    Estimated Time per Response: 69.84 hours.
    Annual Burden Hours: 79,688 hours.
    b. FDIC-Supervised Institutions with Assets of $500 Million or More 
but Less than $1 Billion.
    Number of Respondents: 401.
    Annual Responses: 1,303.
    Estimated Time per Response: 8.42 hours.
    Annual Burden Hours: 10,977 hours.
    c. FDIC-Supervised Institutions with Assets Less than $500 Million.
    Number of Respondents: 3,291.
    Annual Responses: 9,873.
    Estimated Time per Response: 15 minutes.
    Annual Burden Hours: 2,468 hours.
    Total Number of Respondents: 4,043.
    Total Annual Responses: 12,317.
    Total Annual Burden Hours: 84,026 hours.
    3. Title: Market Risk Capital Requirements.
    OMB Number: 3064-0178.
    Form Numbers: None.
    Frequency of Response: Occasionally.
    Affected Public: Insured state nonmember banks and state savings 
associations.
    Estimated Number of Respondents: 1.
    Estimated Number of Responses: 1.
    Total Annual Burden: 1,964 hours.
    General Description: The FDIC's market risk capital rules (12 CFR 
part 324, subpart F) enhance risk sensitivity, increase transparency 
through enhanced disclosures and include requirements for the public 
disclosure of certain qualitative and quantitative information about 
the market risk of state nonmember banks and state savings associations 
(FDIC-supervised institutions). The market risk rule applies only if a 
bank holding company or bank has aggregated trading assets and trading 
liabilities equal to 10 percent or more of quarter-end total assets or 
$1 billion or more. Currently, only one FDIC-regulated entity meets the 
criteria. The information collection requirements are located at 12 CFR 
324.203 through 324.212. The collection of information is necessary to 
ensure capital adequacy appropriate for the level of market risk.
    Section 324.203(a)(1) requires FDIC-supervised institutions to have 
clearly defined policies and procedures for determining which trading 
assets and trading liabilities are trading positions and specifies the 
factors a FDIC-supervised institutions must take into account in 
drafting those policies and procedures. Section 324.203(a)(2) requires 
FDIC-supervised institutions 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 
324.203(b)(1) requires FDIC-supervised institutions to have clearly 
defined policies and procedures for actively managing all covered 
positions and specifies the minimum requirements for those policies and 
procedures. Sections 324.203(c)(4) through 324.203(c)(10) require the 
annual review of internal models and specify certain requirements for 
those models. Section 324.203(d) requires the internal audit group of a 
FDIC-supervised institution to prepare an annual report to the board of 
directors on the effectiveness of controls supporting the market risk 
measurement systems.
    Section 324.204(b) requires FDIC-supervised institutions to conduct 
quarterly backtesting. Section 324.205(a)(5) requires institutions to 
demonstrate to the FDIC the appropriateness of proxies used to capture 
risks within value-at-risk models. Section 324.205(c) requires 
institutions to develop, retain, and make available to the FDIC value-
at-risk and profit and loss information on sub-portfolios for two 
years. Section 324.206(b)(3) requires FDIC-supervised institutions 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 FDIC 
approval for any material changes to these policies and procedures.
    Section 324.207(b)(1) details requirements applicable to a FDIC-
supervised institution when the FDIC-supervised institution uses 
internal models to measure the specific risk of certain covered 
positions. Section 324.208 requires FDIC-supervised institutions to 
obtain prior written FDIC approval for incremental risk modeling. 
Section 324.209(a) requires prior FDIC approval for the use of a 
comprehensive risk measure. Section 324.209(c)(2) requires FDIC-
supervised institutions to retain and report the results of supervisory 
stress testing. Section 324.210(f)(2)(i) requires FDIC-supervised 
institutions to document an internal analysis of the risk 
characteristics of each securitization position in order to demonstrate 
an

[[Page 77343]]

understanding of the position. Section 324.212 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.

Request for Comment

    Comments are invited on: (a) Whether the collections of information 
are 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 collections of 
information, 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 
collections of information 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 9th day of December 2015.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-31389 Filed 12-11-15; 8:45 am]
 BILLING CODE 6714-01-P