Regulation Q; Regulatory Capital Rules: Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies, 1948-1949 [2016-00589]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES 1948 Federal Register / Vol. 81, No. 9 / Thursday, January 14, 2016 / Notices opportunity to comment on these applications. Notice of receipt of 264– 1078; 264–1084; 264–1085; 264–1090; 264–1091(end-use); 264–1077 (technical). Docket ID number: EPA–HQ–OPP– 2015–0443. Applicant: Bayer CropScience, 2 T.W. Alexander Drive, Research Triangle Park, NC 27709. These applications do not imply a decision by the Agency on these applications. Active ingredient: Fluopyram. Product type: Fungicide. Proposed uses: Artichoke, globe; aspirated grain fractions; peanut hay; hops; root vegetables, except beet, sugar, root, crop subgroup 1B; tuberous and corm vegetables, crop subgroup 1C; potato wet peel; vegetables, leaves of root and tuber, crop group 2; bulb vegetables, bulb onion (crop subgroup 3–07A); bulb vegetables, green onions (crop subgroup 3–07B); leafy greens (crop subgroup 4A), without spinach; leafy greens (crop subgroup 4A) spinach; leafy petioles subgroup, celery (crop subgroup 4B); brassica leafy vegetables: Head and stem (crop subgroup 5A); brassica leafy vegetables: Leafy greens (crop subgroup 5B); soybean forage; soybean hay; legume vegetables: Edible podded (crop subgroup 6A); legume vegetables: Succulent shelled peas and beans (crop subgroup 6B); legume vegetables: Dried shelled peas and beans (crop subgroup 6C); vegetable, foliage of legume vegetables, forage, hay and vines, forage (crop group 7); fruiting vegetables, tomato subgroup (crop subgroup 8– 10A); fruiting vegetables, pepper/ eggplant subgroup (crop subgroup 8– 10B); cucurbit vegetables (crop group 9A), melon subgroup; cucurbit vegetables (crop group 9B), cucumber/ squash subgroup; citrus fruits (crop group 10–10); citrus oil; pome fruit (crop group 11–10); stone fruit (crop group 12–12A), cherry subgroup; stone fruit (crop group 12–12B), peach subgroup; stone fruit (crop group 12– 12C), plum subgroup; berries and small fruit: Caneberry (crop subgroup 13– 07A); berries and small fruit: Bushberry (crop subgroup 13–07B); raisins at 4.0 ppm; berries and small fruit, small fruit vine climbing, except fuzzy kiwi (crop subgroup 13–07F); berries and small fruit: Low growing berry (crop subgroup 13–07G); sorghum, grain; wheat milled by-products; grass forage, fodder and hay: Forage (crop group 17); herb crop (subcrop group 19A); dill seed; herbs, dried; oilseeds, rapeseed, canola (crop subgroup 20A); oilseeds, sunflower, seed (crop subgroup 20B); oilseeds: Cottonseed (crop subgroup 20C); chicken, meat byproducts; chicken, fat; chicken, meat; goat, fat; goat, meat; VerDate Sep<11>2014 16:39 Jan 13, 2016 Jkt 238001 sugarcane, cane (indirect or inadvertent residues). Authority: 7 U.S.C. 136 et seq. FEDERAL RESERVE SYSTEM [Docket No. 1530 RIN 7100 AE 44] Dated: January 7, 2016. Susan Lewis, Director, Registration Division, Office of Pesticide Programs. Regulation Q; Regulatory Capital Rules: Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies [FR Doc. 2016–00535 Filed 1–13–16; 8:45 am] AGENCY: BILLING CODE 6560–50–P Board of Governors of the Federal Reserve System. ACTION: Notice. FEDERAL RESERVE SYSTEM SUMMARY: Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than January 29, 2016. A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. David L. Friedrichsen, Palm Harbor, Florida, and Robin R. Hanson, as trustees of The Friedrichsen DLF Irrevocable Inheritance Trust dated December 8, 2015; The Friedrichsen KEF Irrevocable Inheritance Trust dated December 8, 2015; The Friedrichsen KMC Irrevocable Inheritance Trust dated December 8, 2015; and The Friedrichsen RRH Irrevocable Inheritance Trust dated December 8, 2015, all of Farmington, Minnesota, and as members of the Friedrichsen family shareholder group acting in concert; to acquire voting shares of Citizens Investment Co., Inc., and thereby indirectly acquire voting shares of Citizens State Bank of Glenville, both in Glenville, Minnesota. Board of Governors of the Federal Reserve System, January 11, 2016. Michael J. Lewandowski, Associate Secretary of the Board. The Board of Governors of the Federal Reserve System (Board) is providing this notice pursuant to the Board’s rule regarding risk-based capital surcharges for global systemically important bank holding companies (GSIB surcharge rule). The GSIB surcharge rule provides that the Board will publish each year the aggregate global indicator amounts for purposes of a calculation required under the rule. Accordingly, and pursuant to the GSIB surcharge rule, the Board is hereby publishing the aggregate global indicator amounts for 2015. DATES: Effective: January 14, 2016. FOR FURTHER INFORMATION CONTACT: Anna Lee Hewko, Deputy Associate Director, (202) 530–6260, Constance M. Horsley, Assistant Director, (202) 452– 5239, Juan C. Climent, Manager, (202) 872–7526, or Holly Kirkpatrick, Supervisory Financial Analyst, (202) 452–2796, Division of Banking Supervision and Regulation; or Benjamin McDonough, Special Counsel, (202) 452–2036, or Mark Buresh, Senior Attorney, (202) 452–5270, Legal Division. Board of Governors of the Federal Reserve System, 20th and C Streets NW., Washington, DC 20551. For the hearing impaired only, Telecommunications Device for the Deaf (TDD) users may contact (202) 263– 4869. SUPPLEMENTARY INFORMATION: The Board’s GSIB surcharge rule establishes a methodology to identify global systemically important bank holding companies in the United States (GSIBs) based on indicators that are correlated with systemic importance.1 Under the GSIB surcharge rule, a firm must calculate its GSIB score using a specific formula (Method 1). Method 1 uses five equally-weighted categories that are correlated with systemic importance— size, interconnectedness, crossjurisdictional activity, substitutability, and complexity—and subdivided into twelve systemic indicators. For each indicator, a firm divides its own measure of each systemic indicator by an aggregate global indicator amount. [FR Doc. 2016–00598 Filed 1–13–16; 8:45 am] 1 See BILLING CODE 6210–01–P PO 00000 Frm 00012 Fmt 4703 Sfmt 4703 E:\FR\FM\14JAN1.SGM 12 CFR 217.402, 217.404. 14JAN1 1949 Federal Register / Vol. 81, No. 9 / Thursday, January 14, 2016 / Notices The firm’s Method 1 score is the sum of its weighted systemic indicator scores. The GSIB surcharge for the firm is then the higher of the GSIB surcharge determined under Method 1 and a second method that weights size, interconnectedness, cross-jurisdictional activity, complexity, and reliance on wholesale funding (instead of substitutability).2 The aggregate global indicator amounts used in the score calculation under Method 1 are based on data collected by the Basel Committee on Banking Supervision (BCBS). The BCBS amounts are determined based on the sum of the systemic indicator scores of the 75 largest U.S. and foreign banking organizations as measured by the BCBS, and any other banking organization that the BCBS includes in its sample total for that year. The BCBS publicly releases these values in euros each year. To account for changes in currency values, the GSIB surcharge rule indicates that the Board will publish the aggregate global indicator amounts each year in U.S. dollars.3 The aggregate global indicator amounts for purposes of the Method 1 score calculation under the GSIB surcharge rule for 2015, which were calculated as part of the end-2014 GSIB assessment, are: AGGREGATE GLOBAL INDICATOR AMOUNTS IN U.S. DOLLARS (USD) FOR 2015 Aggregate global indicator amount in USD (end-2014 assessment) Category Systemic indicator Size ................................................... Interconnectedness ........................... Total exposures .......................................................................................... Intra-financial system assets ...................................................................... Intra-financial system liabilities .................................................................. Securities outstanding ................................................................................ Payments activity ....................................................................................... Assets under custody ................................................................................. Underwritten transactions in debt and equity markets .............................. Notional amount of over-the-counter (OTC) derivatives ............................ Trading and available-for-sale (AFS) securities ........................................ Level 3 assets ............................................................................................ Cross-jurisdictional claims .......................................................................... Cross-jurisdictional liabilities ...................................................................... Substitutability/financial institution infrastructure. Complexity ........................................ Cross-jurisdictional activity ............... Authority: 12 U.S.C. 248(a), 321–338a, 481–486, 1462a, 1467a, 1818, 1828, 1831n, 1831o, 1831p–l, 1831w, 1835, 1844(b), 1851, 3904, 3906–3909, 4808, 5365, 5368, 5371. By order of the Board of Governors of the Federal Reserve System, January 11, 2016. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2016–00589 Filed 1–13–16; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM mstockstill on DSK4VPTVN1PROD with NOTICES Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate 2 The second method (Method 2) uses similar inputs to those used in Method 1, but replaces the substitutability category with a measure of a firm’s VerDate Sep<11>2014 16:39 Jan 13, 2016 Jkt 238001 inspection at the Federal Reserve Bank indicated. The applications will also be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than February 8, 2016. A. Federal Reserve Bank of Boston (Prabal Chakrabarti, Senior Vice President) 600 Atlantic Avenue, Boston, Massachusetts 02210–2204, or BOS.SRC.Applications.Comments@ bos.frb.org: 1. Spencer MHC, and Spencer MidTier Holding Company, both in Spencer, Massachusetts; to merge with Green Valley Bancorp, MHC, and Green Valley Bancorp, Inc., and thereby indirectly acquire voting shares of Southbridge use of short-term wholesale funding. In addition, Method 2 is calibrated differently from Method 1. PO 00000 Frm 00013 Fmt 4703 Sfmt 4703 89,657,702,623,292 9,553,265,287,432 10,766,503,932,080 14,829,559,920,658 2,588,833,244,898,340 141,055,159,810,929 6,457,421,866,621 773,613,780,418,221 3,983,442,843,602 799,000,645,785 20,924,671,362,004 19,029,188,523,805 Savings Bank, all in Southbridge, Massachusetts. Board of Governors of the Federal Reserve System, January 11, 2016. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2016–00599 Filed 1–13–16; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Disease Control and Prevention [30Day–16–15BM] Agency Forms Undergoing Paperwork Reduction Act Review The Centers for Disease Control and Prevention (CDC) has submitted the following information collection request 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 3 12 CFR 217.404(b)(1)(i)(B); 80 FR 49082, 49086– 87 (August 14, 2015). E:\FR\FM\14JAN1.SGM 14JAN1

Agencies

[Federal Register Volume 81, Number 9 (Thursday, January 14, 2016)]
[Notices]
[Pages 1948-1949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-00589]


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FEDERAL RESERVE SYSTEM

[Docket No. 1530 RIN 7100 AE 44]


Regulation Q; Regulatory Capital Rules: Risk-Based Capital 
Surcharges for Global Systemically Important Bank Holding Companies

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice.

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

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is providing this notice pursuant to the Board's rule regarding risk-
based capital surcharges for global systemically important bank holding 
companies (GSIB surcharge rule). The GSIB surcharge rule provides that 
the Board will publish each year the aggregate global indicator amounts 
for purposes of a calculation required under the rule. Accordingly, and 
pursuant to the GSIB surcharge rule, the Board is hereby publishing the 
aggregate global indicator amounts for 2015.

DATES: Effective: January 14, 2016.

FOR FURTHER INFORMATION CONTACT: Anna Lee Hewko, Deputy Associate 
Director, (202) 530-6260, Constance M. Horsley, Assistant Director, 
(202) 452-5239, Juan C. Climent, Manager, (202) 872-7526, or Holly 
Kirkpatrick, Supervisory Financial Analyst, (202) 452-2796, Division of 
Banking Supervision and Regulation; or Benjamin McDonough, Special 
Counsel, (202) 452-2036, or Mark Buresh, Senior Attorney, (202) 452-
5270, Legal Division. Board of Governors of the Federal Reserve System, 
20th and C Streets NW., Washington, DC 20551. For the hearing impaired 
only, Telecommunications Device for the Deaf (TDD) users may contact 
(202) 263-4869.

SUPPLEMENTARY INFORMATION: The Board's GSIB surcharge rule establishes 
a methodology to identify global systemically important bank holding 
companies in the United States (GSIBs) based on indicators that are 
correlated with systemic importance.\1\ Under the GSIB surcharge rule, 
a firm must calculate its GSIB score using a specific formula (Method 
1). Method 1 uses five equally-weighted categories that are correlated 
with systemic importance--size, interconnectedness, cross-
jurisdictional activity, substitutability, and complexity--and 
subdivided into twelve systemic indicators. For each indicator, a firm 
divides its own measure of each systemic indicator by an aggregate 
global indicator amount.

[[Page 1949]]

The firm's Method 1 score is the sum of its weighted systemic indicator 
scores. The GSIB surcharge for the firm is then the higher of the GSIB 
surcharge determined under Method 1 and a second method that weights 
size, interconnectedness, cross-jurisdictional activity, complexity, 
and reliance on wholesale funding (instead of substitutability).\2\
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    \1\ See 12 CFR 217.402, 217.404.
    \2\ The second method (Method 2) uses similar inputs to those 
used in Method 1, but replaces the substitutability category with a 
measure of a firm's use of short-term wholesale funding. In 
addition, Method 2 is calibrated differently from Method 1.
---------------------------------------------------------------------------

    The aggregate global indicator amounts used in the score 
calculation under Method 1 are based on data collected by the Basel 
Committee on Banking Supervision (BCBS). The BCBS amounts are 
determined based on the sum of the systemic indicator scores of the 75 
largest U.S. and foreign banking organizations as measured by the BCBS, 
and any other banking organization that the BCBS includes in its sample 
total for that year. The BCBS publicly releases these values in euros 
each year. To account for changes in currency values, the GSIB 
surcharge rule indicates that the Board will publish the aggregate 
global indicator amounts each year in U.S. dollars.\3\
---------------------------------------------------------------------------

    \3\ 12 CFR 217.404(b)(1)(i)(B); 80 FR 49082, 49086-87 (August 
14, 2015).
---------------------------------------------------------------------------

    The aggregate global indicator amounts for purposes of the Method 1 
score calculation under the GSIB surcharge rule for 2015, which were 
calculated as part of the end-2014 GSIB assessment, are:

                        Aggregate Global Indicator Amounts in U.S. Dollars (USD) for 2015
----------------------------------------------------------------------------------------------------------------
                                                                                     Aggregate global indicator
                  Category                             Systemic indicator             amount in USD  (end-2014
                                                                                             assessment)
----------------------------------------------------------------------------------------------------------------
Size........................................  Total exposures.....................            89,657,702,623,292
Interconnectedness..........................  Intra-financial system assets.......             9,553,265,287,432
                                              Intra-financial system liabilities..            10,766,503,932,080
                                              Securities outstanding..............            14,829,559,920,658
Substitutability/financial institution        Payments activity...................         2,588,833,244,898,340
 infrastructure.                              Assets under custody................           141,055,159,810,929
                                              Underwritten transactions in debt                6,457,421,866,621
                                               and equity markets.
Complexity..................................  Notional amount of over-the-counter            773,613,780,418,221
                                               (OTC) derivatives.                              3,983,442,843,602
                                              Trading and available-for-sale (AFS)
                                               securities.
                                              Level 3 assets......................               799,000,645,785
Cross-jurisdictional activity...............  Cross-jurisdictional claims.........            20,924,671,362,004
                                              Cross-jurisdictional liabilities....            19,029,188,523,805
----------------------------------------------------------------------------------------------------------------


    Authority: 12 U.S.C. 248(a), 321-338a, 481-486, 1462a, 1467a, 
1818, 1828, 1831n, 1831o, 1831p-l, 1831w, 1835, 1844(b), 1851, 3904, 
3906-3909, 4808, 5365, 5368, 5371.

    By order of the Board of Governors of the Federal Reserve 
System, January 11, 2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-00589 Filed 1-13-16; 8:45 am]
 BILLING CODE 6210-01-P
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