Proposed Agency Information Collection Activities; Comment Request, 12274-12276 [2017-03943]

Download as PDF 12274 Federal Register / Vol. 82, No. 39 / Wednesday, March 1, 2017 / Notices Electronic Access An electronic copy of this notice may be downloaded from the Federal Register’s home page at: http:// www.archives.gov; the Government Publishing Office’s database at: https:// www.gpo.gov/fdsys/; or the specific docket page at: www.regulations.gov. Background Amended date and location for the third ERWG meeting: Pursuant to the Federal Advisory Committee Act, FHWA’s Office of Freight Management and Operations issued a notice for three meetings in the Federal Register at 81 FR 95266. The FHWA has held two of the three announced public meetings. The third meeting was originally scheduled for Thursday, March 16, 2017, from 8:30 a.m. to 4 p.m., e.t., at DOT Headquarters. This meeting has been rescheduled for Wednesday, March 15, 2017, from 9 a.m. to 5 p.m., e.t., and Thursday, March 16, 2017, from 9 a.m. to 3 p.m., at the Edison Electric Institute in Washington, DC. Minutes and Public Participation: This meeting is open to the public. Procedure for public comment is available in the original meeting notice. An electronic copy of the minutes from all three ERWG meetings will be available for download within 60 days of each meeting at: http:// ops.fhwa.dot.gov/fastact/erwg/ index.htm. Authority: Section 5502 of Pub. L. 114–94; 5 U.S.C. Appendix 2; 41 CFR 102–3.65; 49 CFR 1.85. Issued on: February 27, 2017. Walter C. Waidelich, Jr., Acting Deputy Administrator, Federal Highway Administration. [FR Doc. 2017–04056 Filed 2–27–17; 4:15 pm] BILLING CODE 4910–22–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM asabaliauskas on DSK3SPTVN1PROD with NOTICES FEDERAL DEPOSIT INSURANCE CORPORATION Proposed Agency Information Collection Activities; Comment Request Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC). AGENCY: VerDate Sep<11>2014 18:09 Feb 28, 2017 Joint notice and request for comment. ACTION: Jkt 241001 In accordance with the requirements of the Paperwork Reduction Act (PRA) of 1995, the OCC, the Board, and the FDIC (the agencies) 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 agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), have approved the publication of proposed revisions to the Regulatory Capital Reporting for Institutions Subject to the Advanced Capital Adequacy Framework (FFIEC 101) for public comment. The FFIEC 101 is completed only by banking organizations subject to the advanced approaches risk-based capital rule. Generally, this rule applies to banking organizations with $250 billion or more in total consolidated assets or $10 billion or more in on-balance sheet foreign exposures (advanced approaches banking organizations). The proposed revisions would remove two credit valuation adjustment (CVA) items from the exposure at default (EAD) column on FFIEC 101 Schedule B, Summary Risk-Weighted Asset Information for Banks Approved to Use Advanced Internal Ratings-Based and Advanced Measurement Approaches for Regulatory Capital Purposes (items 31.a and 31.b, column D). Advanced approaches banking organizations would discontinue reporting the EAD CVA data items on FFIEC 101 Schedule B effective with the June 30, 2017, reporting date. At the end of the comment period, the comments will be analyzed to determine the extent to which the FFIEC and the agencies should modify the proposed revisions. The agencies will then submit the proposed revisions to OMB for review and final approval. DATES: Comments must be submitted on or before May 1, 2017. ADDRESSES: Interested parties are invited to submit written comments to any or all of the agencies. All comments, which should refer to the OMB control number(s), will be shared among the agencies. OCC: 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 to prainfo@ occ.treas.gov. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557–0239 SUMMARY: PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 (FFIEC 101), 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. 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 governmentissued photo identification and to 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 enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. Board: You may submit comments, which should refer to ‘‘FFIEC 101,’’ by any of the following methods: • Agency Web site: http:// www.federalreserve.gov. Follow the instructions for submitting comments at: http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: regs.comments@ federalreserve.gov. Include reporting form number in the subject line of the message. • Fax: (202) 452–3819 or (202) 452– 3102. • Mail: Robert DeV. Frierson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551. All public comments are available from the Board’s Web site at www.federalreserve.gov/generalinfo/ foia/ProposedRegs.cfm as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room MP–500 of the Board’s Martin Building (20th and C Streets NW.) between 9:00 a.m. and 5:00 p.m. on weekdays. FDIC: You may submit comments, which should refer to ‘‘FFIEC 101,’’ by any of the following methods: • Agency Web site: https:// www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC Web site. E:\FR\FM\01MRN1.SGM 01MRN1 asabaliauskas on DSK3SPTVN1PROD with NOTICES Federal Register / Vol. 82, No. 39 / Wednesday, March 1, 2017 / Notices • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: comments@FDIC.gov. Include ‘‘FFIEC 101’’ in the subject line of the message. • Mail: Manuel E. Cabeza, Counsel, Room MB–3007, Attn: Comments, 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 550 17th Street Building (located on F Street) on business days between 7:00 a.m. and 5:00 p.m. Public Inspection: All comments received will be posted without change to https://www.fdic.gov/regulations/ laws/federal/ including any personal information provided. Comments may be inspected at the FDIC Public Information Center, Room E–1002, 3501 Fairfax Drive, Arlington, VA 22226, between 9:00 a.m. and 5:00 p.m. on business days. Additionally, commenters may send a copy of their comments to the OMB desk officer for the agencies by mail to the Office of Information and Regulatory Affairs, U.S. Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW., Washington, DC 20503; by fax to (202) 395–6974; or by email to oira_ submission@omb.eop.gov. FOR FURTHER INFORMATION CONTACT: For further information about the proposed revisions to regulatory reporting requirements discussed in this notice, please contact any of the agency clearance officers whose names appear below. In addition, copies of the proposed revised FFIEC 101 form and instructions can be obtained at the FFIEC’s Web site (http://www.ffiec.gov/ ffiec_report_forms.htm). OCC: Shaquita Merritt, OCC 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. Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, (202) 452–3829, Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551. Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. FDIC: Manuel E. Cabeza, Counsel, (202) 898–3767, Federal Deposit Insurance Corporation, 550 17th Street NW., Room MB–3007, Washington, DC 20429. VerDate Sep<11>2014 18:09 Feb 28, 2017 Jkt 241001 The agencies are proposing to extend for three years, with revision, the FFIEC 101, which is currently an approved collection of information for each agency. Report Title: Risk-Based Capital Reporting for Institutions Subject to the Advanced Capital Adequacy Framework. Form Number: FFIEC 101. Frequency of Response: Quarterly. Affected Public: Business or other forprofit. SUPPLEMENTARY INFORMATION: OCC OMB Control No.: 1557–0239. Estimated Number of Respondents: 20 national banks and federal savings associations. Estimated Time per Response: 674 burden hours per quarter to file. Estimated Total Annual Burden: 53,920 burden hours to file. Board OMB Control No.: 7100–0319. Estimated Number of Respondents: 6 state member banks; 16 bank holding companies and savings and loan holding companies; and 6 intermediate holding companies. Estimated Time per Response: 674 burden hours per quarter for state member banks to file, 677 burden hours per quarter for bank holding companies and savings and loan holding companies to file; and 3 burden hours per quarter for intermediate holding companies to file. Estimated Total Annual Burden: 16,176 burden hours for state member banks to file; 43,328 burden hours for bank holding companies and savings and loan holding companies to file; and 72 burden hours for intermediate holding companies to file. FDIC OMB Control No.: 3064–0159. Estimated Number of Respondents: 2 insured state nonmember banks and state savings associations. Estimated Time per Response: 674 burden hours per quarter to file. Estimated Total Annual Burden: 5,392 burden hours to file. General Description of Reports Each advanced approaches banking organization is required to file quarterly regulatory capital data on the FFIEC 101. The FFIEC 101 information collection is mandatory for advanced approaches banking organizations: 12 U.S.C. 161 (national banks), 12 U.S.C. 324 (state member banks), 12 U.S.C. 1844(c) (bank holding companies), 12 U.S.C. 1467a(b) (savings and loan PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 12275 holding companies), 12 U.S.C. 1817 (insured state nonmember commercial and savings banks), 12 U.S.C. 1464 (savings associations), and 12 U.S.C. 1844(c), 3106, and 3108 (intermediate holding companies). The agencies use these data to assess and monitor the levels and components of each reporting entity’s capital requirements and the adequacy of the entity’s capital under the Advanced Capital Adequacy Framework; to evaluate the impact of the Advanced Capital Adequacy Framework on individual reporting entities and on an industry-wide basis and its competitive implications; and to supplement on-site examination processes. The reporting schedules also assist advanced approaches banking organizations in understanding expectations relating to the system development necessary for implementation and validation of the Advanced Capital Adequacy Framework. Submitted data that are released publicly will also provide other interested parties with information about advanced approaches banking organizations’ regulatory capital. Current Actions The agencies are inviting comment on a proposal to remove two items from FFIEC 101 Schedule B. No other revisions to the FFIEC 101 report are being proposed. The two items proposed for removal collect EAD information related to CVAs that already is captured in a separate item on FFIEC 101 Schedule B. Specifically, the agencies are proposing to remove column D (EAD) for items 31.a, ‘‘Credit valuation adjustments— simple approach,’’ and 31.b, ‘‘Credit value adjustments—advanced approach.’’ These line items were added to the FFIEC 101 report in March of 2014, and were intended to provide data pertaining to the CVA requirements under the agencies’ regulatory capital rules 1 for over-the-counter (OTC) derivative activities. Under these rules, CVA is the fair value adjustment to reflect counterparty credit risk in the valuation of an OTC derivative contract that has a positive fair value. The advanced approaches risk-based capital rules provide two approaches for calculating the CVA capital requirement: The simple and advanced CVA approaches. The conditions for each approach, as well as the methods for calculation, are described in section 132 of the 1 For national banks and federal savings associations, 12 CFR part 3 (OCC); for state member banks and holding companies, 12 CFR part 217 (Board); and for state nonmember banks and state savings associations, 12 CFR part 324 (FDIC). E:\FR\FM\01MRN1.SGM 01MRN1 12276 Federal Register / Vol. 82, No. 39 / Wednesday, March 1, 2017 / Notices regulatory capital rules. Currently, EAD information pertaining to CVAs that is reported in FFIEC 101 Schedule B remains confidential, even after an institution completes its parallel run period. The agencies have determined that the EAD information reported in column D of items 31.a and 31.b on FFIEC 101 Schedule B is already captured in column D of item 10 (OTC derivatives—no cross-product netting— EAD adjustment method) on FFIEC 101 Schedule B. Continuing to collect the same EAD information in both places is not only redundant, but also may be misinterpreted by the users of FFIEC 101 data as additional default risk held by the reporting entity. For these reasons, the agencies propose removing column D for items 31.a and 31.b on FFIEC 101 Schedule B. The agencies would continue to collect the amount of risk-weighted assets for CVAs in column G of items 31.a and 31.b on FFIEC 101 Schedule B. asabaliauskas on DSK3SPTVN1PROD with NOTICES Public comment is requested on all aspects of this joint notice. Comments are invited on (a) Whether the collections of information that are the subject of this notice are necessary for the proper performance of the agencies’ functions, including whether the information has practical utility; (b) The accuracy of the agencies’ estimates of the burden of the information collections as they are proposed to be revised, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Comments submitted in response to this joint notice will be shared among the agencies and will be summarized or included in the agencies’ requests for OMB approval. All comments will become a matter of public record. 18:09 Feb 28, 2017 [FR Doc. 2017–03943 Filed 2–28–17; 8:45 am] BILLING CODE 4810–33–P;6210–01–P; 6714–01–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Sanctions Actions Pursuant to Executive Order 13224 Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of 2 individuals whose property and interests in property are blocked pursuant to Executive Order 13224 of September 23, 2001, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.’’ DATES: OFAC’s actions described in this notice were effective on February 23, 2017. SUMMARY: Request for Comment VerDate Sep<11>2014 Dated: February 23, 2017. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. Board of Governors of the Federal Reserve System, February 23, 2017. Robert deV. Frierson, Secretary of the Board. Dated at Washington, DC, this 22nd day of February, 2017. Federal Deposit Insurance Corporation, Robert E. Feldman, Executive Secretary. Jkt 241001 FOR FURTHER INFORMATION CONTACT: Associate Director for Global Targeting, tel.: 202/622–2420, Assistant Director for Sanctions Compliance & Evaluation, tel.: 202/622–2490, Assistant Director for Licensing, tel.: 202/622–2480, Office of Foreign Assets Control, or Chief Counsel (Foreign Assets Control), tel.: 202/622–2410, Office of the General Counsel, Department of the Treasury (not toll free numbers). SUPPLEMENTARY INFORMATION: Electronic Availability The SDN List and additional information concerning OFAC sanctions programs are available from OFAC’s Web site (www.treas.gov/ofac). Notice of OFAC Actions On February 23, 2017, OFAC blocked the property and interests in property of the following 2 individuals pursuant to E.O. 13224, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism’’: PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 Individuals 1. AL-HASRI, Bassam Ahmad (a.k.a. HUSARI, Bassam Ahmad; a.k.a. ‘‘AKHLAQ, Abu Ahmad’’; a.k.a. ‘‘ALSHAMI, Abu Ahmad’’), Syria; DOB 01 Jan 1971 to 31 Dec 1971; alt. DOB 01 Jan 1969; POB Qalamun, Damascus Province, Syria; alt. POB Ghutah, Damascus Province, Syria; alt. POB Tadamon, Rif Dimashq, Syria; nationality Syria; alt. nationality Palestinian; Gender Male (individual) [SDGT] (Linked To: AL-NUSRAH FRONT). 2. KHALIL, Iyad Nazmi Salih (a.k.a. AL-TOUBASI, Iyad; a.k.a. AL-TUBASI, Iyad; a.k.a. KHALIL, Ayyad Nazmi Salih; a.k.a. KHALIL, Eyad Nazmi Saleh; a.k.a. ‘‘ABU-JULAYBIB’’; a.k.a. ‘‘ALDARDA’, Abu’’; a.k.a. ‘‘AL-URDUNI, Abu-Julaybib’’), Syria; DOB 01 Jan 1974 to 31 Dec 1974; POB Syria; nationality Jordan; Gender Male; Passport 286062 (Jordan) issued 05 Apr 1999 expires 04 Apr 2004; alt. Passport 654781 (Jordan) issued 01 Jan 2008 to 31 Dec 2010 (individual) [SDGT] (Linked To: ALNUSRAH FRONT). Dated: February 23, 2017. Andrea Gacki, Acting Director, Office of Foreign Assets Control. [FR Doc. 2017–03923 Filed 2–28–17; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for TD 9249 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning Escrow Funds and Other Similar Funds. DATES: Written comments should be received on or before May 1, 2017 to be assured of consideration. ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224. SUMMARY: E:\FR\FM\01MRN1.SGM 01MRN1

Agencies

[Federal Register Volume 82, Number 39 (Wednesday, March 1, 2017)]
[Notices]
[Pages 12274-12276]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03943]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury; 
Board of Governors of the Federal Reserve System (Board); and Federal 
Deposit Insurance Corporation (FDIC).

ACTION: Joint notice and request for comment.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act (PRA) of 1995, the OCC, the Board, and the FDIC (the agencies) 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 agencies, 
under the auspices of the Federal Financial Institutions Examination 
Council (FFIEC), have approved the publication of proposed revisions to 
the Regulatory Capital Reporting for Institutions Subject to the 
Advanced Capital Adequacy Framework (FFIEC 101) for public comment. The 
FFIEC 101 is completed only by banking organizations subject to the 
advanced approaches risk-based capital rule. Generally, this rule 
applies to banking organizations with $250 billion or more in total 
consolidated assets or $10 billion or more in on-balance sheet foreign 
exposures (advanced approaches banking organizations).
    The proposed revisions would remove two credit valuation adjustment 
(CVA) items from the exposure at default (EAD) column on FFIEC 101 
Schedule B, Summary Risk-Weighted Asset Information for Banks Approved 
to Use Advanced Internal Ratings-Based and Advanced Measurement 
Approaches for Regulatory Capital Purposes (items 31.a and 31.b, column 
D). Advanced approaches banking organizations would discontinue 
reporting the EAD CVA data items on FFIEC 101 Schedule B effective with 
the June 30, 2017, reporting date.
    At the end of the comment period, the comments will be analyzed to 
determine the extent to which the FFIEC and the agencies should modify 
the proposed revisions. The agencies will then submit the proposed 
revisions to OMB for review and final approval.

DATES: Comments must be submitted on or before May 1, 2017.

ADDRESSES: Interested parties are invited to submit written comments to 
any or all of the agencies. All comments, which should refer to the OMB 
control number(s), will be shared among the agencies.
    OCC: 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 to prainfo@occ.treas.gov. Comments may be sent to: 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, Attention: 1557-0239 (FFIEC 101), 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. 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 to 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 enclose any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    Board: You may submit comments, which should refer to ``FFIEC 
101,'' by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at: http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: regs.comments@federalreserve.gov. Include reporting 
form number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Robert DeV. Frierson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.
    All public comments are available from the Board's Web site at 
www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper in Room MP-500 
of the Board's Martin Building (20th and C Streets NW.) between 9:00 
a.m. and 5:00 p.m. on weekdays.
    FDIC: You may submit comments, which should refer to ``FFIEC 101,'' 
by any of the following methods:
     Agency Web site: https://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC 
Web site.

[[Page 12275]]

     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: comments@FDIC.gov. Include ``FFIEC 101'' in the 
subject line of the message.
     Mail: Manuel E. Cabeza, Counsel, Room MB-3007, Attn: 
Comments, 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 550 17th Street Building (located on F 
Street) on business days between 7:00 a.m. and 5:00 p.m.
    Public Inspection: All comments received will be posted without 
change to https://www.fdic.gov/regulations/laws/federal/ including any 
personal information provided. Comments may be inspected at the FDIC 
Public Information Center, Room E-1002, 3501 Fairfax Drive, Arlington, 
VA 22226, between 9:00 a.m. and 5:00 p.m. on business days.
    Additionally, commenters may send a copy of their comments to the 
OMB desk officer for the agencies by mail to the Office of Information 
and Regulatory Affairs, U.S. Office of Management and Budget, New 
Executive Office Building, Room 10235, 725 17th Street NW., Washington, 
DC 20503; by fax to (202) 395-6974; or by email to 
oira_submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: For further information about the 
proposed revisions to regulatory reporting requirements discussed in 
this notice, please contact any of the agency clearance officers whose 
names appear below. In addition, copies of the proposed revised FFIEC 
101 form and instructions can be obtained at the FFIEC's Web site 
(http://www.ffiec.gov/ffiec_report_forms.htm).
    OCC: Shaquita Merritt, OCC 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.
    Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, 
(202) 452-3829, Office of the Chief Data Officer, Board of Governors of 
the Federal Reserve System, Washington, DC 20551. Telecommunications 
Device for the Deaf (TDD) users may contact (202) 263-4869, Board of 
Governors of the Federal Reserve System, Washington, DC 20551.
    FDIC: Manuel E. Cabeza, Counsel, (202) 898-3767, Federal Deposit 
Insurance Corporation, 550 17th Street NW., Room MB-3007, Washington, 
DC 20429.

SUPPLEMENTARY INFORMATION: The agencies are proposing to extend for 
three years, with revision, the FFIEC 101, which is currently an 
approved collection of information for each agency.
    Report Title: Risk-Based Capital Reporting for Institutions Subject 
to the Advanced Capital Adequacy Framework.
    Form Number: FFIEC 101.
    Frequency of Response: Quarterly.
    Affected Public: Business or other for-profit.

OCC

    OMB Control No.: 1557-0239.
    Estimated Number of Respondents: 20 national banks and federal 
savings associations.
    Estimated Time per Response: 674 burden hours per quarter to file.
    Estimated Total Annual Burden: 53,920 burden hours to file.

Board

    OMB Control No.: 7100-0319.
    Estimated Number of Respondents: 6 state member banks; 16 bank 
holding companies and savings and loan holding companies; and 6 
intermediate holding companies.
    Estimated Time per Response: 674 burden hours per quarter for state 
member banks to file, 677 burden hours per quarter for bank holding 
companies and savings and loan holding companies to file; and 3 burden 
hours per quarter for intermediate holding companies to file.
    Estimated Total Annual Burden: 16,176 burden hours for state member 
banks to file; 43,328 burden hours for bank holding companies and 
savings and loan holding companies to file; and 72 burden hours for 
intermediate holding companies to file.

FDIC

    OMB Control No.: 3064-0159.
    Estimated Number of Respondents: 2 insured state nonmember banks 
and state savings associations.
    Estimated Time per Response: 674 burden hours per quarter to file.
    Estimated Total Annual Burden: 5,392 burden hours to file.

General Description of Reports

    Each advanced approaches banking organization is required to file 
quarterly regulatory capital data on the FFIEC 101. The FFIEC 101 
information collection is mandatory for advanced approaches banking 
organizations: 12 U.S.C. 161 (national banks), 12 U.S.C. 324 (state 
member banks), 12 U.S.C. 1844(c) (bank holding companies), 12 U.S.C. 
1467a(b) (savings and loan holding companies), 12 U.S.C. 1817 (insured 
state nonmember commercial and savings banks), 12 U.S.C. 1464 (savings 
associations), and 12 U.S.C. 1844(c), 3106, and 3108 (intermediate 
holding companies).
    The agencies use these data to assess and monitor the levels and 
components of each reporting entity's capital requirements and the 
adequacy of the entity's capital under the Advanced Capital Adequacy 
Framework; to evaluate the impact of the Advanced Capital Adequacy 
Framework on individual reporting entities and on an industry-wide 
basis and its competitive implications; and to supplement on-site 
examination processes. The reporting schedules also assist advanced 
approaches banking organizations in understanding expectations relating 
to the system development necessary for implementation and validation 
of the Advanced Capital Adequacy Framework. Submitted data that are 
released publicly will also provide other interested parties with 
information about advanced approaches banking organizations' regulatory 
capital.

Current Actions

    The agencies are inviting comment on a proposal to remove two items 
from FFIEC 101 Schedule B. No other revisions to the FFIEC 101 report 
are being proposed.
    The two items proposed for removal collect EAD information related 
to CVAs that already is captured in a separate item on FFIEC 101 
Schedule B. Specifically, the agencies are proposing to remove column D 
(EAD) for items 31.a, ``Credit valuation adjustments--simple 
approach,'' and 31.b, ``Credit value adjustments--advanced approach.'' 
These line items were added to the FFIEC 101 report in March of 2014, 
and were intended to provide data pertaining to the CVA requirements 
under the agencies' regulatory capital rules \1\ for over-the-counter 
(OTC) derivative activities.
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    \1\ For national banks and federal savings associations, 12 CFR 
part 3 (OCC); for state member banks and holding companies, 12 CFR 
part 217 (Board); and for state nonmember banks and state savings 
associations, 12 CFR part 324 (FDIC).
---------------------------------------------------------------------------

    Under these rules, CVA is the fair value adjustment to reflect 
counterparty credit risk in the valuation of an OTC derivative contract 
that has a positive fair value. The advanced approaches risk-based 
capital rules provide two approaches for calculating the CVA capital 
requirement: The simple and advanced CVA approaches. The conditions for 
each approach, as well as the methods for calculation, are described in 
section 132 of the

[[Page 12276]]

regulatory capital rules. Currently, EAD information pertaining to CVAs 
that is reported in FFIEC 101 Schedule B remains confidential, even 
after an institution completes its parallel run period.
    The agencies have determined that the EAD information reported in 
column D of items 31.a and 31.b on FFIEC 101 Schedule B is already 
captured in column D of item 10 (OTC derivatives--no cross-product 
netting--EAD adjustment method) on FFIEC 101 Schedule B. Continuing to 
collect the same EAD information in both places is not only redundant, 
but also may be misinterpreted by the users of FFIEC 101 data as 
additional default risk held by the reporting entity. For these 
reasons, the agencies propose removing column D for items 31.a and 31.b 
on FFIEC 101 Schedule B.
    The agencies would continue to collect the amount of risk-weighted 
assets for CVAs in column G of items 31.a and 31.b on FFIEC 101 
Schedule B.

Request for Comment

    Public comment is requested on all aspects of this joint notice. 
Comments are invited on
    (a) Whether the collections of information that are the subject of 
this notice are necessary for the proper performance of the agencies' 
functions, including whether the information has practical utility;
    (b) The accuracy of the agencies' estimates of the burden of the 
information collections as they are proposed to be revised, including 
the validity of the methodology and assumptions used;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of information collections on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Comments submitted in response to this joint notice will be 
shared among the agencies and will be summarized or included in the 
agencies' requests for OMB approval. All comments will become a 
matter of public record.

    Dated: February 23, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
    Board of Governors of the Federal Reserve System, February 23, 
2017.
Robert deV. Frierson,
Secretary of the Board.
    Dated at Washington, DC, this 22nd day of February, 2017.

Federal Deposit Insurance Corporation,
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017-03943 Filed 2-28-17; 8:45 am]
BILLING CODE 4810-33-P;6210-01-P; 6714-01-P