Privacy Act of 1974; Matching Program, 61360-61361 [2017-27848]
Download as PDF
<![CDATA[
daltland on DSKBBV9HB2PROD with NOTICES
61360
Federal Register / Vol. 82, No. 247 / Wednesday, December 27, 2017 / Notices
Rule 17Ad–22(e)(6) 37 further requires
OCC to establish, implement, maintain
and enforce written policies and
procedures reasonably designed to cover
its credit exposures to its participants by
establishing a risk-based margin system
that, among other things: (i) Considers,
and produces margin levels
commensurate with, the risks and
particular attributes of each relevant
product, portfolio, and market; (ii)
calculates margin sufficient to cover its
potential future exposure to participants
in the interval between the last margin
collection and the close out of positions
following a participant default; and (iii)
uses reliable sources of timely price data
and uses procedures and sound
valuation models for addressing
circumstances in which pricing data are
not readily available or reliable.
As described in detail above, the
proposed changes are designed to
ensure that, among other things, OCC’s
margin methodology: (i) More
appropriately accounts for asymmetry in
conditional variance; (ii) more
appropriately models the statistical
distribution of price returns, (iii) more
accurately models second-day volatility
forecasts; (iv) improves OCC’s approach
to estimating covariance and
correlations between risk factors to
provide for stable and sensitive
correlation estimations; and (v)
improves OCC’s methodology related to
the treatment of defaulting securities by
reducing the impact that illiquid
securities with discontinuous data have
on default variance estimates. These
methodology enhancements would be
used to calculate daily margin
requirements for OCC’s Clearing
Members. In this way, the proposed
changes are designed to consider, and
produce margin levels commensurate
with, the risks and particular attributes
of each relevant product, portfolio, and
market and to calculate margin
sufficient to cover its potential future
exposure to participants in the interval
between the last margin collection and
the close out of positions following a
participant default.
Moreover, the proposed changes
would introduce daily updates for price
data for equity products, including daily
corporate action-adjusted returns of
equities, ETFs, ETNs, and certain
indexes. This daily price data would be
obtained from a widely used and
reliable industry vendor. In this way,
the proposed changes would ensure that
OCC uses reliable sources of timely
price data in its margin methodology,
which better reflect current market
conditions than the current monthly
37 17
CFR 240.17Ad–2(e)(6).
VerDate Sep<11>2014
21:43 Dec 26, 2017
updates, thereby resulting in more
accurate and responsive margin
requirements.
For these reasons, OCC believes that
the proposed changes are consistent
with Rule 17Ad 22(e)(6).38
III. Date of Effectiveness of the Advance
Notice and Timing for Commission
Action
The proposed change may be
implemented if the Commission does
not object to the proposed change
within 60 days of the later of: (i) The
date the proposed change was filed with
the Commission or (ii) the date any
additional information requested by the
Commission is received. OCC shall not
implement the proposed change if the
Commission has any objection to the
proposed change.
The Commission may extend the
period for review by an additional 60
days if the proposed change raises novel
or complex issues, subject to the
Commission providing the clearing
agency with prompt written notice of
the extension. A proposed change may
be implemented in less than 60 days
from the date the advance notice is
filed, or the date further information
requested by the Commission is
received, if the Commission notifies the
clearing agency in writing that it does
not object to the proposed change and
authorizes the clearing agency to
implement the proposed change on an
earlier date, subject to any conditions
imposed by the Commission.
OCC shall post notice on its website
of proposed changes that are
implemented.
The proposal shall not take effect
until all regulatory actions required
with respect to the proposal are
completed.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views and
arguments concerning the foregoing,
including whether the advance notice is
consistent with the Clearing
Supervision Act. Comments may be
submitted by any of the following
methods:
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
OCC–2017–811 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
38 Id.
Jkt 244001
PO 00000
Frm 00110
Fmt 4703
Sfmt 4703
Commission, 100 F Street NE,
Washington, DC 20549.
All submissions should refer to File
Number SR–OCC–2017–811. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the advance notice that
are filed with the Commission, and all
written communications relating to the
advance notice between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street, NE,
Washington, DC 20549 on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for
inspection and copying at the principal
office of OCC and on OCC’s website at
hhttps://www.theocc.com/about/
publications/bylaws.jsp.
All comments received will be posted
without change. Persons submitting
comments are cautioned that we do not
redact or edit personal identifying
information from comment submissions.
You should submit only information
that you wish to make available
publicly. All submissions should refer
to File Number SR–OCC–2017–811 and
should be submitted on or before
January 17, 2018.
By the Commission.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–27832 Filed 12–26–17; 8:45 am]
BILLING CODE 8011–01–P
SOCIAL SECURITY ADMINISTRATION
[Docket No. SSA 2017–0002]
Privacy Act of 1974; Matching Program
AGENCY:
Social Security Administration
(SSA).
Notice of a New Matching
Program.
ACTION:
In accordance with the
provisions of the Privacy Act, as
amended, this notice announces a new
matching program with the Railroad
Retirement Board (RRB).
DATES: The deadline to submit
comments on the proposed matching
SUMMARY:
E:\FR\FM\27DEN1.SGM
27DEN1
daltland on DSKBBV9HB2PROD with NOTICES
Federal Register / Vol. 82, No. 247 / Wednesday, December 27, 2017 / Notices
program is 30 days from the date of
publication of this notice. The matching
program will be effective on October 1,
2017 and will expire on March 30, 2019.
ADDRESSES: Interested parties may
comment on this notice by either
telefaxing to (410) 966–0869, writing to
Mary Ann Zimmerman, Acting
Executive Director, Office of Privacy
and Disclosure, Office of the General
Counsel, Social Security
Administration, 617 Altmeyer Building,
6401 Security Boulevard, Baltimore, MD
21235–6401, or email at
Mary.Ann.Zimmerman@ssa.gov. All
comments received will be available for
public inspection at this address.
FOR FURTHER INFORMATION CONTACT:
Interested parties may submit general
questions about the matching program
to Mary Ann Zimmerman, Acting
Executive Director, Office of Privacy
and Disclosure, Office of the General
Counsel, by any of the means shown
above.
SUPPLEMENTARY INFORMATION: The
Computer Matching and Privacy
Protection Act of 1988 (Public Law
(Pub. L.) 100–503), amended the Privacy
Act (5 U.S.C. 552a) by describing the
conditions under which computer
matching involving the Federal
government could be performed and
adding certain protections for persons
applying for, and receiving, Federal
benefits. Section 7201 of the Omnibus
Budget Reconciliation Act of 1990 (Pub.
L. 101–508) further amended the
Privacy Act regarding protections for
such persons.
The Privacy Act, as amended,
regulates the use of computer matching
by Federal agencies when records in a
system of records are matched with
other Federal, State, or local government
records. It requires Federal agencies
involved in computer matching
programs to:
(1) Negotiate written agreements with
the other agency or agencies
participating in the matching programs;
(2) Obtain approval of the matching
agreement by the Data Integrity Boards
of the participating Federal agencies;
(3) Publish notice of the matching
program in the Federal Register;
(4) Furnish detailed reports about
matching programs to Congress and
OMB;
(5) Notify applicants and beneficiaries
that their records are subject to
matching; and
(6) Verify match findings before
reducing, suspending, terminating, or
denying a person’s benefits or
payments.
SSA has taken action to ensure that
all of its matching programs comply
VerDate Sep<11>2014
21:43 Dec 26, 2017
Jkt 244001
with the requirements of the Privacy
Act, as amended.
Mary Ann Zimmerman,
Acting Executive Director, Office of Privacy
and Disclosure, Office of the General Counsel.
61361
SSA will conduct the match using
each individual’s Social Security
number, name, date of birth, RRB claim
number, and RRB annuity payment
amount in both RRB and MDB files.
SYSTEM(S) OF RECORDS:
PARTICIPATING AGENCIES:
SSA and RRB
AUTHORITY FOR CONDUCTING THE MATCHING
PROGRAM:
The legal authority for SSA to
conduct this matching activity is
sections 1144 and 1860D–14 of the
Social Security Act (Act) (42 U.S.C.
1320b–14 and 1395w–114).
PURPOSE(S):
This matching agreement establishes
the conditions under which the RRB
will disclose to SSA information
necessary to verify an individual’s selfcertification of eligibility for the Extra
Help with Medicare Prescription Drug
Plan Costs program (Extra Help). It will
also enable SSA to identify individuals
who may qualify for Extra Help as part
of the agency’s Medicare outreach
efforts.
The individuals whose information is
involved in this matching program are
individuals who self-certify for Extra
Help or may qualify for Extra Help. SSA
matches RRB’s information with its
Medicare Database File, which includes
claimants, applicants, beneficiaries,
ineligible spouses and potential
claimants for Medicare Part A, Medicare
Part B, Medicare Advantage Part C,
Medicare Part D and for Medicare Part
D prescription drug coverage subsidies.
CATEGORIES OF RECORDS:
RRB will transmit its annuity
payment data monthly from its RRB–22
system of records. The file will consist
of approximately 600,000 electronic
records.
RRB will transmit its Post Entitlement
System file daily. The number of
records will differ each day, but consist
of approximately 3,000 to 4,000 records
each month.
RRB will transmit files on all
Medicare eligible Qualified Railroad
Retirement Beneficiaries from its RRB–
20 and RRB–22 systems of records to
report address changes and subsidy
changing event information monthly.
The file will consist of approximately
520,000 electronic records. The number
of people who apply for Extra Help
determines in part the number of
records matched.
SSA’s comparison file will consist of
approximately 90 million records
obtained from MDB.
Frm 00111
Fmt 4703
Sfmt 4703
[FR Doc. 2017–27848 Filed 12–26–17; 8:45 am]
BILLING CODE 4191–02–P
DEPARTMENT OF STATE
[Public Notice 10240]
CATEGORIES OF INDIVIDUALS:
PO 00000
RRB will provide SSA with data from
its RRB–22 system of records, Railroad
Retirement Survivors and Pension
Benefits System, last published on
September 30, 2014 (79 FR 58886), and
RRB–20 systems of records, Health
Insurance and Supplementary Medical
Insurance Enrollment and Premium
Payment System (Medicare), last
published on May 15, 2015 (80 FR
28018).
SSA will match RRB’s data with its
Medicare Database (MDB) File, system
of records No. 60–0321, published on
July 25, 2006 (71 FR 42159), and
amended on December 10, 2007 (72 FR
69723).
Notice of Determinations; Culturally
Significant Objects Imported for
Exhibition Determinations: ‘‘Jasper
Johns: ‘Something Resembling Truth’ ’’
Exhibition
Notice is hereby given of the
following determinations: I hereby
determine that two objects to be
included in the exhibition ‘‘Jasper
Johns: ‘Something Resembling Truth,’ ’’
imported from abroad for temporary
exhibition within the United States, are
of cultural significance. The objects are
imported pursuant to loan agreements
with the foreign owners or custodians.
I also determine that the exhibition or
display of the exhibit objects at The
Broad, Los Angeles, California, from on
or about February 10, 2018, until on or
about May 13, 2018, and at possible
additional exhibitions or venues yet to
be determined, is in the national
interest.
FOR FURTHER INFORMATION CONTACT:
Elliot Chiu in the Office of the Legal
Adviser, U.S. Department of State
(telephone: 202–632–6471; email:
section2459@state.gov). The mailing
address is U.S. Department of State, L/
PD, SA–5, Suite 5H03, Washington, DC
20522–0505.
SUPPLEMENTARY INFORMATION: The
foregoing determinations were made
pursuant to the authority vested in me
by the Act of October 19, 1965 (79 Stat.
985; 22 U.S.C. 2459), E.O. 12047 of
SUMMARY:
E:\FR\FM\27DEN1.SGM
27DEN1
]]>Agencies
[Federal Register Volume 82, Number 247 (Wednesday, December 27, 2017)]
[Notices]
[Pages 61360-61361]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-27848]
=======================================================================
-----------------------------------------------------------------------
SOCIAL SECURITY ADMINISTRATION
[Docket No. SSA 2017-0002]
Privacy Act of 1974; Matching Program
AGENCY: Social Security Administration (SSA).
ACTION: Notice of a New Matching Program.
-----------------------------------------------------------------------
SUMMARY: In accordance with the provisions of the Privacy Act, as
amended, this notice announces a new matching program with the Railroad
Retirement Board (RRB).
DATES: The deadline to submit comments on the proposed matching
[[Page 61361]]
program is 30 days from the date of publication of this notice. The
matching program will be effective on October 1, 2017 and will expire
on March 30, 2019.
ADDRESSES: Interested parties may comment on this notice by either
telefaxing to (410) 966-0869, writing to Mary Ann Zimmerman, Acting
Executive Director, Office of Privacy and Disclosure, Office of the
General Counsel, Social Security Administration, 617 Altmeyer Building,
6401 Security Boulevard, Baltimore, MD 21235-6401, or email at
[email protected]. All comments received will be available for
public inspection at this address.
FOR FURTHER INFORMATION CONTACT: Interested parties may submit general
questions about the matching program to Mary Ann Zimmerman, Acting
Executive Director, Office of Privacy and Disclosure, Office of the
General Counsel, by any of the means shown above.
SUPPLEMENTARY INFORMATION: The Computer Matching and Privacy Protection
Act of 1988 (Public Law (Pub. L.) 100-503), amended the Privacy Act (5
U.S.C. 552a) by describing the conditions under which computer matching
involving the Federal government could be performed and adding certain
protections for persons applying for, and receiving, Federal benefits.
Section 7201 of the Omnibus Budget Reconciliation Act of 1990 (Pub. L.
101-508) further amended the Privacy Act regarding protections for such
persons.
The Privacy Act, as amended, regulates the use of computer matching
by Federal agencies when records in a system of records are matched
with other Federal, State, or local government records. It requires
Federal agencies involved in computer matching programs to:
(1) Negotiate written agreements with the other agency or agencies
participating in the matching programs;
(2) Obtain approval of the matching agreement by the Data Integrity
Boards of the participating Federal agencies;
(3) Publish notice of the matching program in the Federal Register;
(4) Furnish detailed reports about matching programs to Congress
and OMB;
(5) Notify applicants and beneficiaries that their records are
subject to matching; and
(6) Verify match findings before reducing, suspending, terminating,
or denying a person's benefits or payments.
SSA has taken action to ensure that all of its matching programs
comply with the requirements of the Privacy Act, as amended.
Mary Ann Zimmerman,
Acting Executive Director, Office of Privacy and Disclosure, Office of
the General Counsel.
PARTICIPATING AGENCIES:
SSA and RRB
AUTHORITY FOR CONDUCTING THE MATCHING PROGRAM:
The legal authority for SSA to conduct this matching activity is
sections 1144 and 1860D-14 of the Social Security Act (Act) (42 U.S.C.
1320b-14 and 1395w-114).
PURPOSE(S):
This matching agreement establishes the conditions under which the
RRB will disclose to SSA information necessary to verify an
individual's self-certification of eligibility for the Extra Help with
Medicare Prescription Drug Plan Costs program (Extra Help). It will
also enable SSA to identify individuals who may qualify for Extra Help
as part of the agency's Medicare outreach efforts.
CATEGORIES OF INDIVIDUALS:
The individuals whose information is involved in this matching
program are individuals who self-certify for Extra Help or may qualify
for Extra Help. SSA matches RRB's information with its Medicare
Database File, which includes claimants, applicants, beneficiaries,
ineligible spouses and potential claimants for Medicare Part A,
Medicare Part B, Medicare Advantage Part C, Medicare Part D and for
Medicare Part D prescription drug coverage subsidies.
CATEGORIES OF RECORDS:
RRB will transmit its annuity payment data monthly from its RRB-22
system of records. The file will consist of approximately 600,000
electronic records.
RRB will transmit its Post Entitlement System file daily. The
number of records will differ each day, but consist of approximately
3,000 to 4,000 records each month.
RRB will transmit files on all Medicare eligible Qualified Railroad
Retirement Beneficiaries from its RRB-20 and RRB-22 systems of records
to report address changes and subsidy changing event information
monthly. The file will consist of approximately 520,000 electronic
records. The number of people who apply for Extra Help determines in
part the number of records matched.
SSA's comparison file will consist of approximately 90 million
records obtained from MDB.
SSA will conduct the match using each individual's Social Security
number, name, date of birth, RRB claim number, and RRB annuity payment
amount in both RRB and MDB files.
SYSTEM(S) OF RECORDS:
RRB will provide SSA with data from its RRB-22 system of records,
Railroad Retirement Survivors and Pension Benefits System, last
published on September 30, 2014 (79 FR 58886), and RRB-20 systems of
records, Health Insurance and Supplementary Medical Insurance
Enrollment and Premium Payment System (Medicare), last published on May
15, 2015 (80 FR 28018).
SSA will match RRB's data with its Medicare Database (MDB) File,
system of records No. 60-0321, published on July 25, 2006 (71 FR
42159), and amended on December 10, 2007 (72 FR 69723).
[FR Doc. 2017-27848 Filed 12-26-17; 8:45 am]
BILLING CODE 4191-02-P
