Agency Information Collection Activities: Submission for OMB Review; Comment Request, 9194-9196 [2016-03818]
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9194
Federal Register / Vol. 81, No. 36 / Wednesday, February 24, 2016 / Notices
106 of the National Historic
Preservation Act.
m. Flambeau Hydro, LLC filed a PreApplication Document (PAD; including
a proposed process plan and schedule)
with the Commission, pursuant to 18
CFR 5.6 of the Commission’s
regulations.
n. A copy of the PAD is available for
review at the Commission in the Public
Reference Room or may be viewed on
the Commission’s Web site (https://
www.ferc.gov), using the ‘‘eLibrary’’
link. Enter the docket number,
excluding the last three digits in the
docket number field to access the
document. For assistance, contact FERC
Online Support at
FERCONlineSupport@ferc.gov, (866)
208–3676 (toll free), or (202) 502–8659
(TTY). A copy is also available for
inspection and reproduction at the
address in paragraph h.
o. The licensee states its unequivocal
intent to submit an application for a
new license for Project No. 2894.
Pursuant to 18 CFR 16.8, 16.9, and 16.10
each application for a new license and
any competing license applications
must be filed with the Commission at
least 24 months prior to the expiration
of the existing license. All applications
for license for this project must be filed
by April 30, 2017.
p. Register online at https://
www.ferc.gov/docs-filing/
esubscription.asp to be notified via
email of new filing and issuances
related to this or other pending projects.
For assistance, contact FERC Online
Support.
Dated: February 18, 2016.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2016–03826 Filed 2–23–16; 8:45 am]
BILLING CODE 6717–01–P
FEDERAL COMMUNICATIONS
COMMISSION
[OMB 3060–0691]
Information Collection Being Reviewed
by the Federal Communications
Commission Under Delegated
Authority
Federal Communications
Commission.
ACTION: Notice and request for
comments.
mstockstill on DSK4VPTVN1PROD with NOTICES
AGENCY:
As part of its continuing effort
to reduce paperwork burdens, and as
required by the Paperwork Reduction
Act (PRA) of 1995 (44 U.S.C. 3501–
3520), the Federal Communications
Commission (FCC or the Commission)
SUMMARY:
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17:59 Feb 23, 2016
Jkt 238001
invites the general public and other
federal agencies to take this opportunity
to comment on the following
information collection. Comments are
requested concerning: Whether the
collection of information is necessary
for the proper performance of the
functions of the Commission, including
whether the information shall have
practical utility; the accuracy of the
Commission’s burden estimate; ways to
enhance the quality, utility, and clarity
of the information collected; ways to
minimize the burden of the collection of
information on the respondents,
including the use of automated
collection techniques or other forms of
information technology; and ways to
further reduce the information
collection burden on small business
concerns with fewer than 25 employees.
The FCC may not conduct or sponsor
a collection of information unless it
displays a currently valid control
number. No person shall be subject to
any penalty for failing to comply with
a collection of information subject to the
PRA that does not display a valid Office
of Management and Budget (OMB)
control number.
DATES: Written PRA comments should
be submitted on or before April 25,
2016. If you anticipate that you will be
submitting comments, but find it
difficult to do so within the period of
time allowed by this notice, you should
advise the contact listed below as soon
as possible.
ADDRESSES: Direct all PRA comments to
Cathy Williams, FCC, via email PRA@
fcc.gov and to Cathy.Williams@fcc.gov.
FOR FURTHER INFORMATION CONTACT: For
additional information about the
information collection, contact Cathy
Williams at (202) 418–2918.
SUPPLEMENTARY INFORMATION:
OMB Control Number: 3060–0691.
Title: 900 MHz Specialized Mobile
Radio (SMR) Service, Section 90.665.
Form No.: N/A.
Type of Review: Extension of a
currently approved collection.
Respondents: Business or other forprofit.
Number of Respondents and
Responses: 125 respondents; 125
responses.
Estimated Time per Response: .5
hours (30 minutes)–2 hours.
Frequency of Response: On occasion
reporting requirement and
recordkeeping requirement.
Obligation to Respond: Required to
obtain or retain benefits. Statutory
authority for this information collection
is contained in 47 U.S.C. 154(i) and
309(j).
Total Annual Burden: 406 hours.
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Total Annual Cost: $150,300.
Privacy Act Impact Assessment: No
impact(s).
Nature and Extent of Confidentiality:
There is no need for confidentiality with
this collection of information.
Needs and Uses: Section 90.665
requires each Major Trading Area
(MTA) licensee in the 896–901/935–940
MHz bands must, three years from the
date of license grant, construct and
place into operation a sufficient number
of base stations to provide coverage to
at least one-third of the population of
the MTA. Further, each MTA licensee
must provide coverage to at least twothirds of the population of the MTA five
years from the date of license grant.
Alternatively, a MTA licensee must
demonstrate, through a showing to the
Commission five years from the date of
license grant, that it is providing
substantial service. The MTA licensee
must also demonstrate that other
substantial service benchmarks will be
met.
The information verifying
construction requirement will be used
by the Commission to determine
whether the licensee has met the 900
MHz MTA construction requirements.
Information will be submitted on FCC
Form 601 (OMB Control No. 3060–0798)
electronically.
Federal Communications Commission.
Marlene H. Dortch,
Secretary. Office of the Secretary.
[FR Doc. 2016–03802 Filed 2–23–16; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
[3064–0046, 3064–0113 & 3064–0178]
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
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 an existing
information collection, as required by
the Paperwork Reduction Act of 1995
(44 U.S.C. chapter 35). On December 15,
2015, (80 FR 77630), the FDIC requested
comment for 60 days on a proposal to
renew the information collections
described below. No comments were
received. The FDIC hereby gives notice
of its plan to submit to OMB a request
SUMMARY:
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24FEN1
mstockstill on DSK4VPTVN1PROD with NOTICES
Federal Register / Vol. 81, No. 36 / Wednesday, February 24, 2016 / Notices
to approve the renewal of these
collections, and again invites comment
on this renewal.
DATES: Comments must be submitted on
or before March 25, 2016.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal/.
• Email: comments@fdic.gov Include
the name of the collection in the subject
line of the message.
• Mail: Gary A. Kuiper
(202.898.3877), Counsel, Room MB–
3016, or Manuel E. Cabeza,
(202.898.3767), Counsel, Room 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
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
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17:59 Feb 23, 2016
Jkt 238001
less than $500 million that voluntarily
choose to comply.
General Description: FDIC’s
regulations at 12 CFR part 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
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.
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9195
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
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
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9196
Federal Register / Vol. 81, No. 36 / Wednesday, February 24, 2016 / Notices
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
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.
mstockstill on DSK4VPTVN1PROD with NOTICES
Request for Comment
Comments are invited on: (a) Whether
the collection of information is
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 information collection,
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 information collection 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 19th day of
February, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–03818 Filed 2–23–16; 8:45 am]
BILLING CODE 6714–01–P
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17:59 Feb 23, 2016
Jkt 238001
FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice to All Interested Parties of the
Termination of the Receivership of
10227, Champion Bank, Creve Coeur,
MO
Notice is hereby given that the Federal
Deposit Insurance Corporation (‘‘FDIC’’)
as Receiver for Champion Bank, Creve
Coeur, MO (‘‘the Receiver’’) intends to
terminate its receivership for said
institution. The FDIC was appointed
receiver of Champion Bank on April 30,
2010. The liquidation of the
receivership assets has been completed.
To the extent permitted by available
funds and in accordance with law, the
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: February 19, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–03907 Filed 2–23–16; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL HOUSING FINANCE
AGENCY
[No. 2016–N–01]
Notice of Annual Adjustment of the
Cap on Average Total Assets That
Defines Community Financial
Institutions
Federal Housing Finance
Agency.
ACTION: Notice.
AGENCY:
The Federal Housing Finance
Agency (FHFA) has adjusted the cap on
average total assets that defines a
‘‘Community Financial Institution’’ to
SUMMARY:
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Fmt 4703
Sfmt 4703
$1,128,000,000, based on the annual
percentage increase in the Consumer
Price Index for all urban consumers
(CPI–U) as published by the Department
of Labor (DOL). These changes took
effect on January 1, 2016.
FOR FURTHER INFORMATION CONTACT:
Kaitlin Hildner, Division of Federal
Home Loan Bank Regulation, (202) 649–
3329, Kaitlin.Hildner@fhfa.gov, or Eric
M. Raudenbush, Assistant General
Counsel, (202) 649–3084,
Eric.Raudenbush@fhfa.gov, (not toll-free
numbers), Federal Housing Finance
Agency, Constitution Center, 400
Seventh Street SW., Washington, DC
20219.
SUPPLEMENTARY INFORMATION:
I. Statutory and Regulatory Background
The Federal Home Loan Bank Act
(Bank Act) confers upon insured
depository institutions that meet the
statutory definition of a ‘‘Community
Financial Institution’’ (CFI) certain
advantages over non-CFI insured
depository institutions in qualifying for
Federal Home Loan Bank (Bank)
membership, and in the purposes for
which they may receive long-term
advances and the collateral they may
pledge to secure advances.1 Section
2(10)(A) of the Bank Act and § 1263.1 of
FHFA’s regulations define a CFI as any
Bank member the deposits of which are
insured by the Federal Deposit
Insurance Corporation and that has
average total assets below a statutory
cap.2 The Bank Act was amended in
2008 to set the statutory cap at $1
billion and to require the Director of
FHFA to adjust the cap annually to
reflect the percentage increase in the
CPI–U, as published by the DOL, for the
prior year.3 For 2015, FHFA set the CFI
asset cap at $1,123,000,000, which
reflected a 1.3 percent increase over
2014, based upon the increase in the
CPI–U between 2013 and 2014.4
II. The CFI Asset Cap for 2016
As of January 1, 2016, FHFA has
increased the CFI asset cap from
$1,123,000,000 to $1,128,000,000,
which reflects a 0.5 percent increase in
the unadjusted CPI–U from November
2014 to November 2015. The new
amount was obtained by rounding to the
nearest million, as has been the practice
for all prior adjustments. Consistent
with the practice of other Federal
agencies, FHFA bases the annual
adjustment to the CFI asset cap on the
1 See
12 U.S.C. 1424(a), 1430(a).
12 U.S.C. 1422(10)(A); 12 CFR 1263.1.
3 See 12 U.S.C. 1422(10); 12 CFR 1263.1 (defining
the term CFI asset cap).
4 See 80 FR 6712 (Feb. 6, 2015).
2 See
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]]>Agencies
[Federal Register Volume 81, Number 36 (Wednesday, February 24, 2016)]
[Notices]
[Pages 9194-9196]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-03818]
=======================================================================
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FEDERAL DEPOSIT INSURANCE CORPORATION
[3064-0046, 3064-0113 & 3064-0178]
Agency Information Collection Activities: Submission for OMB
Review; Comment Request
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 an
existing information collection, as required by the Paperwork Reduction
Act of 1995 (44 U.S.C. chapter 35). On December 15, 2015, (80 FR
77630), the FDIC requested comment for 60 days on a proposal to renew
the information collections described below. No comments were received.
The FDIC hereby gives notice of its plan to submit to OMB a request
[[Page 9195]]
to approve the renewal of these collections, and again invites comment
on this renewal.
DATES: Comments must be submitted on or before March 25, 2016.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
https://www.FDIC.gov/regulations/laws/federal/.
Email: comments@fdic.gov Include the name of the
collection in the subject line of the message.
Mail: Gary A. Kuiper (202.898.3877), Counsel, Room MB-
3016, or Manuel E. Cabeza, (202.898.3767), Counsel, Room 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 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 part 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
[[Page 9196]]
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 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 collection of information
is 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 information collection,
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 information
collection 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 19th day of February, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-03818 Filed 2-23-16; 8:45 am]
BILLING CODE 6714-01-P
