Agencies
[Federal Register Volume 84, Number 122 (Tuesday, June 25, 2019)]
[Notices]
[Pages 29933-29935]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-13473]
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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 of 1995 (PRA), 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 Federal
Financial Institutions Examination Council (FFIEC), of which the
agencies are members, has approved the agencies' publication for public
comment of a proposal to extend for three years, without revision, the
Market Risk Regulatory Report for Institutions Subject to the Market
Risk Capital Rule (FFIEC 102), which is currently an approved
collection of information for each agency. At the end of the comment
period for this notice, the FFIEC and the agencies will review any
comments received to determine whether to modify the proposal in
response to comments. As required by the PRA, the agencies will then
publish a second Federal Register notice for a 30-day comment period
and submit the final FFIEC 102 to OMB for review and approval.
DATES: Comments must be submitted on or before August 26, 2019.
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: Commenters are encouraged to submit comments by email, if
possible. You may submit comments, which should refer to ``1557-0325''
or ``FFIEC 102,'' by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Office of the Comptroller of
the Currency, Attention: 1557-0100, 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Instructions: You must include ``OCC'' as the agency name and
``1557-0325'' 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 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 drop-down menu
select ``Department of Treasury'' and then click ``submit''. This
information collection can be located by searching by OMB control
number ``1557-0325'' or ``FFIEC 102''. 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.
Board: You may submit comments, which should refer to ``FFIEC
102,'' by any of the following methods:
Agency Website: https://www.federalreserve.gov. Follow the
instructions for submitting comments at:
[[Page 29934]]
https://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
Email: [email protected]. Include ``FFIEC
102'' in the subject line of the message.
Fax: (202) 452-3819 or (202) 452-3102.
Mail: Ann E. Misback, 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 website 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 form in Room
N146, 1709 New York Avenue NW, Washington, DC 20006, between 9:00 a.m.
and 5:00 p.m. on weekdays. For security reasons, the Board requires
that visitors make an appointment to inspect comments. You may do so by
calling (202) 452-3684. 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.
FDIC: You may submit comments, which should refer to ``FFIEC 102,''
by any of the following methods:
Agency Website: https://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC's
website.
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments.
Email: [email protected]. Include ``FFIEC 102'' in the
subject line of the message.
Mail: Manuel E. Cabeza, Counsel, Attn: Comments, Room MB-
3007, 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. Paper copies of public comments may be
requested from the FDIC Public Information Center by telephone at (877)
275-3342 or (703) 562-2200.
Additionally, commenters may send a copy of their comments to the
OMB desk officers 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
[email protected].
FOR FURTHER INFORMATION CONTACT: For further information about the
information collections discussed in this notice, please contact any of
the agency staff whose names appear below. In addition, copies of the
FFIEC 102 reporting forms and instructions can be obtained at the
FFIEC's website (https://www.ffiec.gov/ffiec_report_forms.htm).
OCC: Kevin Korzeniewski, Counsel, Chief Counsel's Office, (202)
649-5490, or for persons who are hearing impaired, TTY, (202) 649-5597.
Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer,
(202) 452-3884, Office of the Chief Data Officer, Board of Governors of
the Federal Reserve System, 20th and C Streets NW, Washington, DC
20551. Telecommunications Device for the Deaf (TDD) users may call
(202) 263-4869.
FDIC: Manuel E. Cabeza, Counsel, (202) 898-3767, Legal Division,
Federal Deposit Insurance Corporation, 550 17th Street NW, Washington,
DC 20429.
SUPPLEMENTARY INFORMATION: The agencies are proposing to extend for
three years, without revision, the FFIEC 102, which is currently an
approved collection of information for each agency.
Report Titles: Market Risk Regulatory Report for Institutions
Subject to the Market Risk Capital Rule.
Form Numbers: FFIEC 102.
Frequency of Response: Quarterly.
Affected Public: Business or other for profit.
OCC
OMB Number: 1557-0325.
Estimated Number of Respondents: 13 national banks and federal
savings associations.
Estimated Average Time per Response: 12 hours per quarter.
Estimated Total Annual Burden: 624 hours.
Board
OMB Number: 7100-0365.
Estimated Number of Respondents: 38 state member banks, bank
holding companies, savings and loan holding companies, and intermediate
holding companies.
Estimated Average Time per Response: 12 hours per quarter.
Estimated Total Annual Burden: 1,824 hours.
FDIC
OMB Number: 3064-0199.
Estimated Number of Respondents: 1 insured state nonmember bank and
state savings association.
Estimated Average Time per Response: 12 hours per quarter.
Estimated Total Annual Burden: 48 hours.
General Description of Reports
The Market Risk Regulatory Report for Institutions Subject to the
Market Risk Capital Rule (FFIEC 102) is filed quarterly with the
agencies and provides information for market risk institutions, defined
for this purpose as those institutions that are subject to the market
risk capital rule as incorporated into Subpart F of the agencies'
regulatory capital rules \1\ (market risk institutions). Each market
risk institution is required to file the FFIEC 102 for the agencies'
use in assessing the reasonableness and accuracy of the institution's
calculation of its minimum capital requirements under the market risk
capital rule and in evaluating the institution's capital in relation to
its risks. Additionally, the market risk information collected in the
FFIEC 102: (a) Permits the agencies to monitor the market risk profile
of, and evaluate the impact and competitive implications of, the market
risk capital rule on individual market risk institutions and the
industry as a whole; (b) provides the most current statistical data
available to identify areas of market risk on which to focus for onsite
and offsite examinations; (c) allows the agencies to assess and monitor
the levels and components of each reporting institution's risk-based
capital requirements for market risk and the adequacy of the
institution's capital under the market risk capital rule; and (d)
assists market risk institutions in validating their implementation of
the market risk framework.
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\1\ 12 CFR 3.201 (OCC); 12 CFR 217.201 (Board); and 12 CFR
324.201 (FDIC). The market risk capital rule generally applies to
any banking institution with aggregate trading assets and trading
liabilities equal to (a) 10 percent or more of quarter-end total
assets or (b) $1 billion or more.
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Statutory Basis and Confidential Treatment
The quarterly FFIEC 102 information collection is mandatory for
market risk institutions: 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. 5365
(U.S. intermediate holding companies), 12 U.S.C. 1817 (insured state
nonmember commercial and savings banks), and 12 U.S.C. 1464 (savings
associations). The FFIEC 102
[[Page 29935]]
information collections are not given confidential treatment.
Request for Comment
The agencies invite comment on the following topics related to
these collections of information:
(a) Whether the information collections 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, 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. All comments will become a matter of public record.
Dated: June 19, 2019.
Jonathan V. Gould,
Senior Deputy Comptroller and Chief Counsel, Office of the Comptroller
of the Currency.
Board of Governors of the Federal Reserve System, June 17, 2019.
Ann Misback,
Secretary of the Board.
Dated at Washington, DC, on June 18, 2019.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2019-13473 Filed 6-24-19; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P