Agency Information Collection Activities; Information Collection Renewal; Comment Request; Funding and Liquidity Risk Management, 62671-62672 [2018-26251]
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Federal Register / Vol. 83, No. 233 / Tuesday, December 4, 2018 / Notices
Title: Leasing.
OMB Control No.: 1557–0206.
Description: Under 12 CFR 23.4(c),
national banks must liquidate or re-lease
property that is no longer subject to
lease (off-lease property) as soon as
practicable and not later than five years
from the date the bank acquires the legal
right to possess or control the property.
If a national bank wishes to extend the
five-year holding period for up to an
additional five years, it must obtain
OCC approval. Section 23.4(c) requires
a national bank seeking an extension to
provide a clearly convincing
demonstration as to why any additional
holding period is necessary. In addition,
a national bank must value off-lease
property at the lower of current fair
market value or book value promptly
after the property becomes off-lease
property.
Under 12 CFR 23.6, leases are subject
to the lending limits prescribed by 12
U.S.C. 84, as implemented by 12 CFR
part 32, or, if the lessee is an affiliate of
the national bank, to the restrictions on
transactions with affiliates prescribed by
12 U.S.C. 371c and 371c–1; Regulation
W, 12 CFR part 223; and other limits or
restrictions the OCC determines apply.
Twelve U.S.C. 24 contains two
separate provisions authorizing a
national bank to acquire personal
property for purposes of lease financing.
12 U.S.C. 24 (Seventh) authorizes leases
of personal property (Section 24
(Seventh) Leases) if the lease is a
conforming lease as defined in 12 CFR
23.2(d)(2) and represents a
noncancelable obligation of the lessee
(i.e., the lease serves as the functional
equivalent of a loan). See 12 CFR 23.20.
A national bank also may acquire
personal property for purposes of lease
financing under the authority of 12
U.S.C. 24 (Tenth). Section 23.5 requires
that if a national bank enters into both
types of leases, its records must
distinguish between the two types of
leases. This information is required to
establish that the national bank is
complying with the limitations and
requirements applicable to the two
separate types of leases.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
229.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 562.
Comments submitted in response to
this notice will be summarized and
included in the submission to OMB.
Comments are requested on:
(a) Whether the information
collections are necessary for the proper
performance of the OCC’s functions,
VerDate Sep<11>2014
17:36 Dec 03, 2018
Jkt 247001
including whether the information has
practical utility;
(b) The accuracy of the OCC’s
estimates of the burden of the
information collections, 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.
Dated: November 28, 2018.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2018–26252 Filed 12–3–18; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities; Information Collection
Renewal; Comment Request; Funding
and Liquidity Risk Management
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
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 respondents are 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 renewal of its information
collection titled, ‘‘Funding and
Liquidity Risk Management.’’
DATES: Comments must be received by
February 4, 2019.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Legislative and Regulatory
Activities Division, Office of the
SUMMARY:
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62671
Comptroller of the Currency, Attention:
1557–0244, 400 7th Street SW, Suite
3E–218, Washington, DC 20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0244’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. 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.
You may review comments and other
related materials that pertain to this
information collection beginning on the
date of publication of the second notice
for this collection 1 by any of the
following methods:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–0244’’ or ‘‘Funding and Liquidity
Risk Management.’’ Upon finding the
appropriate information collection, click
on the related ‘‘ICR Reference Number.’’
On the next screen, select ‘‘View
Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
• Viewing Comments Personally: You
may personally inspect comments at the
OCC, 400 7th Street SW, Washington,
DC. 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 comments.
1 Following the close of the 60-day comment
period for this notice, the OCC will publish a notice
for 30 days of comment for this collection.
E:\FR\FM\04DEN1.SGM
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62672
Federal Register / Vol. 83, No. 233 / Tuesday, December 4, 2018 / Notices
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, Clearance Officer,
(202) 649–5490 or, for persons who are
deaf or hearing impaired, TTY, (202)
649–5597, Chief Counsel’s Office, Office
of the Comptroller of the Currency, 400
7th Street SW, Suite 3E–218,
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
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. Section 3506(c)(2)(A) of
title 44 requires federal agencies to
provide a 60-day notice in the Federal
Register concerning each proposed
collection of information, including
each proposed extension of an existing
collection of information, before
submitting the collection to OMB for
approval. To comply with this
requirement, the OCC is publishing
notice of the collection of information
set forth in this document.
Title: Funding and Liquidity Risk
Management.
OMB Control No.: 1557–0244.
Description: The Interagency Policy
Statement on Funding and Liquidity
Risk Management 2 (Policy Statement)
summarizes the principles of sound
liquidity risk management that the
federal banking agencies have issued in
the past 3 and, where appropriate,
harmonizes these principles with the
international statement issued by the
Basel Committee on Banking
Supervision titled ‘‘Principles for Sound
Liquidity Risk Management and
Supervision.’’ 4 The Policy Statement
describes supervisory expectations for
all depository institutions including
2 75
FR 13656 (Mar. 22, 2010).
national banks and federal savings
associations, see the Comptroller’s Handbook on
Liquidity. For state member banks and bank holding
companies, see the Federal Reserve’s Commercial
Bank Examination Manual (section 4020), Bank
Holding Company Supervision Manual (section
4010), and Trading and Capital Markets Activities
Manual (section 2030). For state non-member
banks, see the FDIC’s Revised Examination
Guidance for Liquidity and Funds Management
(Trans. No. 2002–01) (Nov. 19, 2001), and Financial
Institution Letter 84–2008, Liquidity Risk
Management (August 2008). For federally insured
credit unions, see Letter to Credit Unions No. 02–
CU–05, Examination Program Liquidity
Questionnaire (March 2002).
4 Basel Committee on Banking Supervision,
‘‘Principles for Sound Liquidity Risk Management
and Supervision,’’ September 2008. See
www.bis.org/publ/bcbs144.htm. Federally insured
credit unions are not directly referenced in the
principles issued by the Basel Committee.
3 For
VerDate Sep<11>2014
19:26 Dec 03, 2018
Jkt 247001
banks, savings associations, and credit
unions.
Section 14 of the Policy Statement
provides that financial institutions
should consider liquidity costs, benefits,
and risks in strategic planning and
budgeting processes. Significant
business activities should be evaluated
for liquidity risk exposure as well as
profitability. More complex and
sophisticated financial institutions
should incorporate liquidity costs,
benefits, and risks in the internal
product pricing, performance
measurement, and new product
approval process for all material
business lines, products, and activities.
Incorporating the cost of liquidity into
these functions should align the risktaking incentives of individual business
lines with the liquidity risk exposure
their activities create for the institution
as a whole. The quantification and
attribution of liquidity risks should be
explicit and transparent at the line
management level, and should include
consideration of how liquidity would be
affected under stressed conditions.
Section 20 of the Policy Statement
states that liquidity risk reports should
provide aggregate information with
sufficient supporting detail to enable
management to assess the sensitivity of
the institution to changes in market
conditions, its own financial
performance, and other important risk
factors. Institutions also should report
on the use and availability of
government support, such as lending
and guarantee programs, and
implications on liquidity positions,
particularly since these programs are
generally temporary or reserved as a
source for contingent funding.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
1,171.
Frequency of Response: On occasion.
Estimated Total Burden Hours: 84,464
hours.
Comments: Comments submitted in
response to this notice will be
summarized and included in the request
for OMB approval. All comments will
become a matter of public record.
Comments are invited on:
(a) Whether the information
collections are 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;
PO 00000
Frm 00113
Fmt 4703
Sfmt 4703
(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 the
services necessary to provide the
required information.
Dated: November 28, 2018.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2018–26251 Filed 12–3–18; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Actions.
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 one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
based on OFAC’s determination that one
or more applicable legal criteria were
satisfied. All property and interests in
property subject to U.S. jurisdiction of
these persons are blocked, and U.S.
persons are generally prohibited from
engaging in transactions with them.
DATES: See SUPPLEMENTARY INFORMATION
section for applicable date(s).
FOR FURTHER INFORMATION CONTACT:
OFAC: Associate Director for Global
Targeting, tel.: 202–622–2420; Assistant
Director for Licensing, tel.: 202–622–
2480; Assistant Director for Regulatory
Affairs, tel.: 202–622–4855; Assistant
Director for Sanctions Compliance &
Evaluation, tel.: 202–622–2490; or the
Department of the Treasury’s Office of
the General Counsel: Office of the Chief
Counsel (Foreign Assets Control), tel.:
202–622–2410.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Electronic Availability
The Specially Designated Nationals
and Blocked Persons List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (www.treasury.gov/ofac).
Notice of OFAC Actions
On November 28, 2018, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following persons are
E:\FR\FM\04DEN1.SGM
04DEN1
]]>Agencies
[Federal Register Volume 83, Number 233 (Tuesday, December 4, 2018)]
[Notices]
[Pages 62671-62672]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-26251]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities; Information Collection
Renewal; Comment Request; Funding and Liquidity Risk Management
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 respondents are 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 renewal of its information
collection titled, ``Funding and Liquidity Risk Management.''
DATES: Comments must be received by February 4, 2019.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency, Attention: 1557-0244, 400
7th Street SW, Suite 3E-218, Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 465-4326.
Instructions: You must include ``OCC'' as the agency name and
``1557-0244'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. 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.
You may review comments and other related materials that pertain to
this information collection beginning on the date of publication of the
second notice for this collection \1\ by any of the following methods:
---------------------------------------------------------------------------
\1\ Following the close of the 60-day comment period for this
notice, the OCC will publish a notice for 30 days of comment for
this collection.
---------------------------------------------------------------------------
Viewing Comments Electronically: Go to www.reginfo.gov.
Click on the ``Information Collection Review'' tab. Underneath the
``Currently under Review'' section heading, from the drop-down menu,
select ``Department of Treasury'' and then click ``submit.'' This
information collection can be located by searching by OMB control
number ``1557-0244'' or ``Funding and Liquidity Risk Management.'' Upon
finding the appropriate information collection, click on the related
``ICR Reference Number.'' On the next screen, select ``View Supporting
Statement and Other Documents'' and then click on the link to any
comment listed at the bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
Viewing Comments Personally: You may personally inspect
comments at the OCC, 400 7th Street SW, Washington, DC. 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
comments.
[[Page 62672]]
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer,
(202) 649-5490 or, for persons who are deaf or hearing impaired, TTY,
(202) 649-5597, Chief Counsel's Office, Office of the Comptroller of
the Currency, 400 7th Street SW, Suite 3E-218, 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 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. Section
3506(c)(2)(A) of title 44 requires federal agencies to provide a 60-day
notice in the Federal Register concerning each proposed collection of
information, including each proposed extension of an existing
collection of information, before submitting the collection to OMB for
approval. To comply with this requirement, the OCC is publishing notice
of the collection of information set forth in this document.
Title: Funding and Liquidity Risk Management.
OMB Control No.: 1557-0244.
Description: The Interagency Policy Statement on Funding and
Liquidity Risk Management \2\ (Policy Statement) summarizes the
principles of sound liquidity risk management that the federal banking
agencies have issued in the past \3\ and, where appropriate, harmonizes
these principles with the international statement issued by the Basel
Committee on Banking Supervision titled ``Principles for Sound
Liquidity Risk Management and Supervision.'' \4\ The Policy Statement
describes supervisory expectations for all depository institutions
including banks, savings associations, and credit unions.
---------------------------------------------------------------------------
\2\ 75 FR 13656 (Mar. 22, 2010).
\3\ For national banks and federal savings associations, see the
Comptroller's Handbook on Liquidity. For state member banks and bank
holding companies, see the Federal Reserve's Commercial Bank
Examination Manual (section 4020), Bank Holding Company Supervision
Manual (section 4010), and Trading and Capital Markets Activities
Manual (section 2030). For state non-member banks, see the FDIC's
Revised Examination Guidance for Liquidity and Funds Management
(Trans. No. 2002-01) (Nov. 19, 2001), and Financial Institution
Letter 84-2008, Liquidity Risk Management (August 2008). For
federally insured credit unions, see Letter to Credit Unions No. 02-
CU-05, Examination Program Liquidity Questionnaire (March 2002).
\4\ Basel Committee on Banking Supervision, ``Principles for
Sound Liquidity Risk Management and Supervision,'' September 2008.
See www.bis.org/publ/bcbs144.htm. Federally insured credit unions
are not directly referenced in the principles issued by the Basel
Committee.
---------------------------------------------------------------------------
Section 14 of the Policy Statement provides that financial
institutions should consider liquidity costs, benefits, and risks in
strategic planning and budgeting processes. Significant business
activities should be evaluated for liquidity risk exposure as well as
profitability. More complex and sophisticated financial institutions
should incorporate liquidity costs, benefits, and risks in the internal
product pricing, performance measurement, and new product approval
process for all material business lines, products, and activities.
Incorporating the cost of liquidity into these functions should align
the risk-taking incentives of individual business lines with the
liquidity risk exposure their activities create for the institution as
a whole. The quantification and attribution of liquidity risks should
be explicit and transparent at the line management level, and should
include consideration of how liquidity would be affected under stressed
conditions.
Section 20 of the Policy Statement states that liquidity risk
reports should provide aggregate information with sufficient supporting
detail to enable management to assess the sensitivity of the
institution to changes in market conditions, its own financial
performance, and other important risk factors. Institutions also should
report on the use and availability of government support, such as
lending and guarantee programs, and implications on liquidity
positions, particularly since these programs are generally temporary or
reserved as a source for contingent funding.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Estimated Number of Respondents: 1,171.
Frequency of Response: On occasion.
Estimated Total Burden Hours: 84,464 hours.
Comments: Comments submitted in response to this notice will be
summarized and included in the request for OMB approval. All comments
will become a matter of public record. Comments are invited on:
(a) Whether the information collections are 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 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 the services necessary to provide the
required information.
Dated: November 28, 2018.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2018-26251 Filed 12-3-18; 8:45 am]
BILLING CODE 4810-33-P
