Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Reporting and Recordkeeping Requirements Associated With Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring, 49077-49078 [2017-22927]

Download as PDF Federal Register / Vol. 82, No. 203 / Monday, October 23, 2017 / Notices DEPARTMENT OF TRANSPORTATION Maritime Administration [Docket No. MARAD–2017–0174] Requested Administrative Waiver of the Coastwise Trade Laws: Vessel FEATHER; Invitation for Public Comments Maritime Administration, DOT. Notice. AGENCY: ACTION: The Secretary of Transportation, as represented by the Maritime Administration (MARAD), is authorized to grant waivers of the U.S.build requirement of the coastwise laws under certain circumstances. A request for such a waiver has been received by MARAD. The vessel, and a brief description of the proposed service, is listed below. DATES: Submit comments on or before November 22, 2017. ADDRESSES: Comments should refer to docket number MARAD–2017–0174. Written comments may be submitted by hand or by mail to the Docket Clerk, U.S. Department of Transportation, Docket Operations, M–30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE., Washington, DC 20590. You may also send comments electronically via the Internet at https://www.regulations.gov. All comments will become part of this docket and will be available for inspection and copying at the above address between 10:00 a.m. and 5:00 p.m., Monday through Friday, except federal holidays. An electronic version of this document and all documents entered into this docket is available at https://www.regulations.gov. FOR FURTHER INFORMATION CONTACT: Bianca Carr, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE., Room W23–453, Washington, DC 20590. Telephone 202– 366–9309, Email Bianca.carr@dot.gov. SUPPLEMENTARY INFORMATION: As described by the applicant the intended service of the vessel FEATHER is: —Intended Commercial Use of Vessel: ‘‘Local Charters in San Diego Bay and surrounding waters’’ —Geographic Region: ‘‘California, Oregon, Washington State’’ The complete application is given in DOT docket MARAD–2017–0174 at https://www.regulations.gov. Interested parties may comment on the effect this action may have on U.S. vessel builders or businesses in the U.S. that use U.S.flag vessels. If MARAD determines, in accordance with 46 U.S.C. 12121 and ethrower on DSK3G9T082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 20:08 Oct 20, 2017 Jkt 244001 MARAD’s regulations at 46 CFR part 388, that the issuance of the waiver will have an unduly adverse effect on a U.S.vessel builder or a business that uses U.S.-flag vessels in that business, a waiver will not be granted. Comments should refer to the docket number of this notice and the vessel name in order for MARAD to properly consider the comments. Comments should also state the commenter’s interest in the waiver application, and address the waiver criteria given in § 388.4 of MARAD’s regulations at 46 CFR part 388. Privacy Act In accordance with 5 U.S.C. 553(c), DOT/MARAD solicits comments from the public to better inform its rulemaking process. DOT/MARAD posts these comments, without edit, to www.regulations.gov, as described in the system of records notice, DOT/ALL– 14 FDMS, accessible through www.dot.gov/privacy. In order to facilitate comment tracking and response, we encourage commenters to provide their name, or the name of their organization; however, submission of names is completely optional. Whether or not commenters identify themselves, all timely comments will be fully considered. If you wish to provide comments containing proprietary or confidential information, please contact the agency for alternate submission instructions. (Authority: 49 CFR 1.93(a), 46 U.S.C. 55103, 46 U.S.C. 12121) * * * * * By Order of the Maritime Administrator. Dated: October 17, 2017. T. Mitchell Hudson, Jr., Secretary, Maritime Administration. [FR Doc. 2017–22860 Filed 10–20–17; 8:45 am] BILLING CODE 4910–81–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Reporting and Recordkeeping Requirements Associated With Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. AGENCY: The OCC, as part of its continuing effort to reduce paperwork SUMMARY: PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 49077 and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on a continuing information collection as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled ‘‘Reporting and Recordkeeping Requirements Associated with Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring.’’ The OCC also is giving notice that it has sent the collection to OMB for review. DATES: You should submit written comments by November 22, 2017. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557–0323, 400 7th Street SW., Suite 3E–218, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465–4326 or by electronic mail to prainfo@occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 400 7th Street, SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700 or, for persons who are deaf or hearing impaired, TTY, (202) 649–5597. Upon arrival, visitors will be required to present valid governmentissued photo identification and submit to security screening in order to inspect and photocopy comments. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557–0323, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503 or by email to oira submission@ omb.eop.gov. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649–5490 or, for persons E:\FR\FM\23OCN1.SGM 23OCN1 ethrower on DSK3G9T082PROD with NOTICES 49078 Federal Register / Vol. 82, No. 203 / Monday, October 23, 2017 / Notices who are deaf or hearing impaired, TTY, (202) 649–5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501–3520), federal agencies must obtain approval from OMB for each collection of information that they conduct or sponsor. ‘‘Collection of information’’ is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. The OCC is requesting that OMB extend its approval of the following information collection. Title: Reporting and Recordkeeping Requirements Associated with Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring. OMB Control No.: 1557–0323. Affected Public: Business or other forprofit. Type of Review: Regular review. Abstract: The quantitative liquidity requirement (12 CFR part 50) is designed to promote improvements in the measurement and management of liquidity risk. The rule applies to large and internationally active banking organizations—generally, bank holding companies, certain savings and loan holding companies, and depository institutions with $250 billion or more in total assets or $10 billion or more in onbalance sheet foreign exposure—and to their consolidated subsidiaries that are depository institutions with $10 billion or more in total consolidated assets. Section 50.22 requires that, with respect to each asset eligible for inclusion in a national bank or federal savings association’s (FSA’s) highquality liquid assets (HQLA) amount, the national bank or FSA must implement policies that require eligible HQLA to be under the control of the management function in the national bank or FSA responsible for managing liquidity risk. The management function must evidence its control over the HQLA by segregating the HQLA from other assets, with the sole intent to use the HQLA as a source of liquidity, or demonstrating the ability to monetize the assets and making the proceeds available to the liquidity management function without conflicting with a business or risk management strategy of the national bank or FSA. In addition, § 50.22 requires that a national bank or FSA have a documented methodology that results in a consistent treatment for determining that the national bank or VerDate Sep<11>2014 20:08 Oct 20, 2017 Jkt 244001 FSA’s eligible HQLA meet the requirements of § 50.22. Section 50.40 requires that a national bank or FSA notify its appropriate federal banking agency on any day when its liquidity coverage ratio is calculated to be less than the minimum requirement in § 50.10. If a national bank or FSA’s liquidity coverage ratio is below the minimum requirement in § 50.10 for three consecutive days, or if the OCC has determined that the institution is otherwise materially noncompliant, the national bank or FSA must promptly provide a plan for achieving compliance with the minimum liquidity requirement in § 50.10 and all other requirements of § 50.40 to the OCC. The liquidity plan must include, as applicable: (1) An assessment of the national bank or FSA ’s liquidity position; (2) the actions the national bank or FSA has taken and will take to achieve full compliance, including a plan for adjusting the national bank or FSA’s risk profile, risk management, and funding sources in order to achieve full compliance and a plan for remediating any operational or management issues that contributed to noncompliance; (3) an estimated time frame for achieving full compliance; and (4) a commitment to provide a progress report to the OCC at least weekly until full compliance is achieved. Frequency of Response: Annual and event generated. Affected Public: Covered national banks and FSAs. Estimated Number of Respondents: 19. Estimated Total Annual Burden: 2,361 hours. The OCC issued a notice for 60 days of comment regarding this collection on July 19, 2017, 82 FR 33202. No comments were received. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC’s estimate of the information collection burden; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 Dated: October 17, 2017. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2017–22927 Filed 10–20–17; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF VETERANS AFFAIRS Advisory Committee on Cemeteries and Memorials, Amended Notice of Meeting The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act that a meeting of the Advisory Committee on Cemeteries and Memorials will be held on October 31–November 1, 2017. The meeting sessions will take place at the Jefferson Barracks Medical Center, 1 Jefferson Barracks Drive, Building 56, St. Louis, MO 63125. Sessions are open to the public, except when the Committee is conducting tours of VA facilities, participating in off-site events, and participating in workgroup sessions. Tours of VA facilities are closed, to protect from disclosure Veterans’ information the disclosure of which would constitute a clearly unwarranted invasion of personal privacy. The purpose of the Committee is to advise the Secretary of Veterans Affairs on the administration of national cemeteries, soldiers’ lots and plots, the selection of new national cemetery sites, the erection of appropriate memorials, and the adequacy of Federal burial benefits. The Committee will make recommendations to the Secretary regarding such activities. On the morning of Tuesday, October 31st, the Committee will convene with an open session at the Jefferson Barracks Medical Center, 1 Jefferson Barracks Drive, Building 56, St. Louis, MO 63125, from 8:30 a.m. to 12:00 p.m. central time. The agenda will include briefings on NCA Modernization efforts and Committee recommendations. In the afternoon, from 1:00 p.m. to 4:00 p.m., central time, the Committee will reconvene a closed session, as it tours the NCA National Training Center colocated at the meeting site and Jefferson Barracks National Cemetery at 2900 Sheridan Road, St. Louis, MO 63125. On November 1st, the meeting will convene an open session at the Jefferson Barracks Medical Center, 1 Jefferson Barracks Drive, Building 56, St. Louis, MO 63125, from 8:30 a.m.–4:00 p.m. central time. The agenda will include a continuation of briefings on Committee E:\FR\FM\23OCN1.SGM 23OCN1

Agencies

[Federal Register Volume 82, Number 203 (Monday, October 23, 2017)]
[Notices]
[Pages 49077-49078]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-22927]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Reporting and Recordkeeping 
Requirements Associated With Liquidity Coverage Ratio: Liquidity Risk 
Measurement, Standards, and Monitoring

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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

SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other federal 
agencies to take this opportunity to comment on a continuing 
information collection as required by the Paperwork Reduction Act of 
1995 (PRA).
    In accordance with the requirements of the PRA, the OCC may not 
conduct or sponsor, and the respondent is not required to respond to, 
an information collection unless it displays a currently valid Office 
of Management and Budget (OMB) control number.
    The OCC is soliciting comment concerning the renewal of its 
information collection titled ``Reporting and Recordkeeping 
Requirements Associated with Liquidity Coverage Ratio: Liquidity Risk 
Measurement, Standards, and Monitoring.'' The OCC also is giving notice 
that it has sent the collection to OMB for review.

DATES: You should submit written comments by November 22, 2017.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email, if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention: 1557-0323, 400 7th Street SW., Suite 3E-218, Washington, DC 
20219. In addition, comments may be sent by fax to (571) 465-4326 or by 
electronic mail to [email protected]. 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 hearing impaired, TTY, (202) 649-
5597. Upon arrival, visitors will be required to present valid 
government-issued photo identification and submit to security screening 
in order to inspect and photocopy comments.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not include any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0323, U.S. Office of Management and Budget, 725 17th 
Street NW., #10235, Washington, DC 20503 or by email to oira 
[email protected].

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490 or, for persons

[[Page 49078]]

who are deaf or hearing impaired, TTY, (202) 649-5597, Legislative and 
Regulatory Activities Division, Office of the Comptroller of the 
Currency, 400 7th Street SW, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), federal 
agencies must obtain approval from OMB for each collection of 
information that they conduct or sponsor. ``Collection of information'' 
is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency 
requests or requirements that members of the public submit reports, 
keep records, or provide information to a third party. The OCC is 
requesting that OMB extend its approval of the following information 
collection.
    Title: Reporting and Recordkeeping Requirements Associated with 
Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and 
Monitoring.
    OMB Control No.: 1557-0323.
    Affected Public: Business or other for-profit.
    Type of Review: Regular review.
    Abstract: The quantitative liquidity requirement (12 CFR part 50) 
is designed to promote improvements in the measurement and management 
of liquidity risk.
    The rule applies to large and internationally active banking 
organizations--generally, bank holding companies, certain savings and 
loan holding companies, and depository institutions with $250 billion 
or more in total assets or $10 billion or more in on-balance sheet 
foreign exposure--and to their consolidated subsidiaries that are 
depository institutions with $10 billion or more in total consolidated 
assets.
    Section 50.22 requires that, with respect to each asset eligible 
for inclusion in a national bank or federal savings association's 
(FSA's) high-quality liquid assets (HQLA) amount, the national bank or 
FSA must implement policies that require eligible HQLA to be under the 
control of the management function in the national bank or FSA 
responsible for managing liquidity risk. The management function must 
evidence its control over the HQLA by segregating the HQLA from other 
assets, with the sole intent to use the HQLA as a source of liquidity, 
or demonstrating the ability to monetize the assets and making the 
proceeds available to the liquidity management function without 
conflicting with a business or risk management strategy of the national 
bank or FSA. In addition, Sec.  50.22 requires that a national bank or 
FSA have a documented methodology that results in a consistent 
treatment for determining that the national bank or FSA's eligible HQLA 
meet the requirements of Sec.  50.22.
    Section 50.40 requires that a national bank or FSA notify its 
appropriate federal banking agency on any day when its liquidity 
coverage ratio is calculated to be less than the minimum requirement in 
Sec.  50.10. If a national bank or FSA's liquidity coverage ratio is 
below the minimum requirement in Sec.  50.10 for three consecutive 
days, or if the OCC has determined that the institution is otherwise 
materially noncompliant, the national bank or FSA must promptly provide 
a plan for achieving compliance with the minimum liquidity requirement 
in Sec.  50.10 and all other requirements of Sec.  50.40 to the OCC.
    The liquidity plan must include, as applicable: (1) An assessment 
of the national bank or FSA 's liquidity position; (2) the actions the 
national bank or FSA has taken and will take to achieve full 
compliance, including a plan for adjusting the national bank or FSA's 
risk profile, risk management, and funding sources in order to achieve 
full compliance and a plan for remediating any operational or 
management issues that contributed to noncompliance; (3) an estimated 
time frame for achieving full compliance; and (4) a commitment to 
provide a progress report to the OCC at least weekly until full 
compliance is achieved.
    Frequency of Response: Annual and event generated.
    Affected Public: Covered national banks and FSAs.
    Estimated Number of Respondents: 19.
    Estimated Total Annual Burden: 2,361 hours.
    The OCC issued a notice for 60 days of comment regarding this 
collection on July 19, 2017, 82 FR 33202. No comments were received. 
Comments continue to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the information 
collection burden;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: October 17, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2017-22927 Filed 10-20-17; 8:45 am]
 BILLING CODE 4810-33-P


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