Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Funding and Liquidity Risk Management, 12325-12326 [2019-06154]
Download as PDF
<![CDATA[
Federal Register / Vol. 84, No. 62 / Monday, April 1, 2019 / Notices
supervisory responsibilities regarding
applications to become municipal
securities principals or representatives
but could obtain this information on a
case-by-case basis when needed. The
OCC is making an effort to remove PII
from its supervisory reports if that PII is
not critical to fulfilling its supervisory
responsibilities.
The OCC also proposes to include its
Privacy Act notice on the forms. The
Privacy Act governs the collection,
maintenance, use, and dissemination of
information about individuals that is
maintained in systems of records by
federal agencies. A system of records is
a group of records under the control of
the agency from which information
about individuals is retrieved by name
of the individual or some identifier
assigned to the individual. Under the
Privacy Act, an agency that maintains a
system of records must provide notice to
individuals, at the point of collection of
information maintained in the system of
records, of: (1) The authority which
authorizes the collection and whether
the collection is mandatory or
voluntary; (2) the purpose of the
collection; (3) the routine uses which
may be made of the information; and (4)
the effects of not disclosing the
information.
Type of Review: Revision of a
currently approved collection.
Affected Public: Businesses or other
for-profit; individuals. Estimated
Number of Respondents: 17 (6
government securities dealers and 11
municipal and government securities
dealers).
Estimated Number of Responses: 672.
Frequency of Response: On occasion.
Estimated Annual Burden: 587
burden hours.
Comments submitted in response to
this notice will be summarized,
included in the request for OMB
approval, and become a matter of public
record. Comments are 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,
VerDate Sep<11>2014
17:22 Mar 29, 2019
Jkt 247001
maintenance, and purchase of services
to provide information.
Dated: March 25, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–06155 Filed 3–29–19; 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; Submission for OMB Review;
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.’’ The OCC also is
giving notice that it has sent the
collection to OMB for review.
DATES: Comments must be received by
May 1, 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: Chief Counsel’s Office, 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
SUMMARY:
PO 00000
Frm 00136
Fmt 4703
Sfmt 4703
12325
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.
Additionally, please send a copy of
your comments by mail to: OCC Desk
Officer, 1557–0244, U.S. Office of
Management and Budget, 725 17th
Street NW, #10235, Washington, DC
20503 or by email to oira_submission@
omb.eop.gov.
You may review comments and other
related materials that pertain to this
information collection 1 following the
close of the 30-day comment period for
this notice 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.
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
1 On December 4, 2018, the OCC published a 60day notice for this information collection, 83 FR
62671.
E:\FR\FM\01APN1.SGM
01APN1
12326
Federal Register / Vol. 84, No. 62 / Monday, April 1, 2019 / Notices
7th Street SW, suite 3E–218,
Washington, DC 20219.
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. The OCC asks that OMB
extend its approval of this collection.
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.
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.
SUPPLEMENTARY INFORMATION:
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
17:22 Mar 29, 2019
Jkt 247001
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: On December 4, 2018, the
OCC issued a notice for 60 days of
comment concerning this collection, 83
FR 62671. No comments were received.
Comments continue to be solicited 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: March 25, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–06154 Filed 3–29–19; 8:45 am]
BILLING CODE 4810–33–P
PO 00000
Frm 00137
Fmt 4703
Sfmt 4703
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Leveraged Lending
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 the renewal of its
information collection titled ‘‘Leveraged
Lending.’’ The OCC also is giving notice
that it has sent the collection to OMB for
review.
DATES: Comments must be received by
May 1, 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: Chief Counsel’s Office, Office
of the Comptroller of the Currency,
Attention: 1557–0315, 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–
0315’’ 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.
SUMMARY:
E:\FR\FM\01APN1.SGM
01APN1
]]>Agencies
[Federal Register Volume 84, Number 62 (Monday, April 1, 2019)]
[Notices]
[Pages 12325-12326]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06154]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; 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.'' The OCC
also is giving notice that it has sent the collection to OMB for
review.
DATES: Comments must be received by May 1, 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: Chief Counsel's Office, 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.
Additionally, please send a copy of your comments by mail to: OCC
Desk Officer, 1557-0244, U.S. Office of Management and Budget, 725 17th
Street NW, #10235, Washington, DC 20503 or by email to
[email protected].
You may review comments and other related materials that pertain to
this information collection \1\ following the close of the 30-day
comment period for this notice by any of the following methods:
---------------------------------------------------------------------------
\1\ On December 4, 2018, the OCC published a 60-day notice for
this information collection, 83 FR 62671.
---------------------------------------------------------------------------
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.
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
[[Page 12326]]
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. The OCC asks
that OMB extend its approval of this collection.
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: On December 4, 2018, the OCC issued a notice for 60 days
of comment concerning this collection, 83 FR 62671. No comments were
received. Comments continue to be solicited 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: March 25, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-06154 Filed 3-29-19; 8:45 am]
BILLING CODE 4810-33-P
