Regulation Q; Regulatory Capital Rules: Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies, 69744-69745 [2019-27414]

Download as PDF 69744 Federal Register / Vol. 84, No. 244 / Thursday, December 19, 2019 / Notices NOTICE OF INTENT TO TERMINATE RECEIVERSHIPS Fund Receivership name City State 10518 ............. North Milwaukee State Bank .................................................. Milwaukee .............................. WI .................. The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Department 34.6, 1601 Bryan Street, Dallas, TX 75201. No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this time frame. (Authority: 12 U.S.C. 1819) Federal Deposit Insurance Corporation. Dated at Washington, DC, on December 16, 2019. Annmarie H. Boyd, Assistant Executive Secretary. [FR Doc. 2019–27397 Filed 12–18–19; 8:45 am] BILLING CODE 6714–01–P FEDERAL MARITIME COMMISSION lotter on DSKBCFDHB2PROD with NOTICES Notice of Agreements Filed The Commission hereby gives notice of the filing of the following agreement under the Shipping Act of 1984. Interested parties may submit comments on the agreement to the Secretary by email at Secretary@fmc.gov, or by mail, Federal Maritime Commission, Washington, DC 20573, within twelve days of the date this notice appears in the Federal Register. Copies of agreements are available through the Commission’s website (www.fmc.gov) or by contacting the Office of Agreements at (202) 523–5793 or tradeanalysis@ fmc.gov. Agreement No.: 201327. VerDate Sep<11>2014 19:13 Dec 18, 2019 Jkt 250001 Agreement Name: Sealand/GWF Ecuador Slot Charter Agreement. Parties: Maersk Line A/S d/b/a Sealand and Great White Fleet Corp. Filing Party: Wayne Rohde; Cozen O’Connor. Synopsis: The Agreement authorizes Sealand to charter space to Great White Fleet on Sealand’s South Atlantic Express service in the trade between Ecuador and the Pacific Coast of the United States. Proposed Effective Date: 12/11/2019. Location: https://www2.fmc.gov/ FMC.Agreements.Web/Public/ AgreementHistory/26451. Dated: December 13, 2019. Rachel E. Dickon, Secretary. [FR Doc. 2019–27300 Filed 12–18–19; 8:45 am] BILLING CODE 6731–AA–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank indicated. The applications will also be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th and Constitution Avenue NW, Washington, DC 20551–0001, not later than January 3, 2020. A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice PO 00000 Frm 00025 Fmt 4703 Sfmt 4703 Date of appointment of receiver 03/11/2016 President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. The PG Pierce 2005 Trust, Peter G. Pierce III, trustee, both of Oklahoma City, Oklahoma; to retain voting shares of First Bethany Bancorp, Inc. and thereby indirectly retain voting shares of First Bethany Bank and Trust, both of Bethany, Oklahoma. In addition, Paul G. Pierce, M.D., Poppy G. Pierce, and Louisa M. Pierce, all of Oklahoma City, Oklahoma; and Meredith A. Cunningham, Alistar T. Cunningham, Virginia R. Cunningham, and Pierce S. Cunningham, all of New Orleans, Louisiana, as members of the Pierce Family Group, to retain voting shares of First Bethany Bancorp, Inc. and thereby indirectly retain voting shares of First Bethany Bank and Trust. Board of Governors of the Federal Reserve System, December 16, 2019. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2019–27424 Filed 12–18–19; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM [Docket No. OP–1691] Regulation Q; Regulatory Capital Rules: Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies Board of Governors of the Federal Reserve System (Board). ACTION: Notice. AGENCY: The Board is providing notice of the 2019 aggregate global indicator amounts, as required under the Board’s rule regarding risk-based capital surcharges for global systemically important bank holding companies (GSIB surcharge rule). DATES: 2019 aggregate global indicator amounts effective: December 19, 2019. FOR FURTHER INFORMATION CONTACT: Juan Climent, Manager, (202) 872–7526, Sean Healey, Lead Financial Institution Policy Analyst, (202) 912–4611, or Christopher Appel, Senior Financial Institution Policy Analyst II, (202) 973– 6862, Division of Supervision and Regulation or Mark Buresh, Senior Counsel, (202) 452–5270, or Mary Watkins, Senior Attorney, (202) 452– SUMMARY: E:\FR\FM\19DEN1.SGM 19DEN1 Federal Register / Vol. 84, No. 244 / Thursday, December 19, 2019 / Notices 3722, Legal Division. Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. For the hearing impaired only, Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869. The Board’s GSIB surcharge rule establishes a methodology to identify global systemically important bank holding companies in the United States (GSIBs) based on indicators that are correlated with systemic importance.1 Under the GSIB surcharge rule, a firm must calculate its GSIB score using a specific formula (Method 1). Method 1 uses five equally weighted categories that are correlated with systemic importance— size, interconnectedness, crossjurisdictional activity, substitutability, and complexity—and subdivided into twelve systemic indicators. For each SUPPLEMENTARY INFORMATION: indicator, a firm divides its own measure of each systemic indicator by an aggregate global indicator amount. A firm’s Method 1 score is the sum of its weighted systemic indicator scores expressed in basis points. The GSIB surcharge for a firm is the higher of the GSIB surcharge determined under Method 1 and a second method, Method 2, which weights size, interconnectedness, cross-jurisdictional activity, complexity, and a measure of a firm’s reliance on wholesale funding (instead of substitutability).2 The aggregate global indicator amounts used in the score calculation under Method 1 are based on data collected by the Basel Committee on Banking Supervision (BCBS). The BCBS amounts are determined based on the sum of the systemic indicator scores of the 75 largest U.S. and foreign banking organizations as measured by the BCBS, and any other banking organization that 69745 the BCBS includes in its sample total for that year. The BCBS publicly releases these values, denominated in euros, each year. Pursuant to the GSIB surcharge rule, the Board publishes the aggregate global indicator amounts each year as denominated in U.S. dollars using the euro-dollar exchange rate provided by the BCBS.3 Specifically, the Board multiplied each of the eurodenominated indicator amounts made publicly available by the BCBS by 1.1450, which was the daily euro to U.S. dollar spot rate on December 31, 2018, provided by the BCBS (as published by the European Central Bank, available at http://www.ecb.europa.eu/stats/ eurofxref/index.en.html). The aggregate global indicator amounts for purposes of the 2019 Method 1 score calculation under § 217.404(b)(1)(i)(B) of the GSIB surcharge rule are: AGGREGATE GLOBAL INDICATOR AMOUNTS IN U.S. DOLLARS (USD) FOR 2019 Systemic indicator Size ...................................................... Interconnectedness ............................. Total exposures ............................................................................................... Intra-financial system assets ........................................................................... Intra-financial system liabilities ........................................................................ Securities outstanding ..................................................................................... Payments activity ............................................................................................. Assets under custody ...................................................................................... Underwritten transactions in debt and equity markets .................................... Notional amount of over-the-counter (OTC) derivatives ................................. Trading and available-for-sale (AFS) securities .............................................. Level 3 assets ................................................................................................. Cross-jurisdictional claims ............................................................................... Cross-jurisdictional liabilities ............................................................................ Substitutability ..................................... Complexity ........................................... Cross-jurisdictional activity .................. Authority: 12 U.S.C. 248(a), 321–338a, 481–486, 1462a, 1467a, 1818, 1828, 1831n, 1831o, 1831p–l, 1831w, 1835, 1844(b), 1851, 3904, 3906–3909, 4808, 5365, 5368, 5371. Board of Governors of the Federal Reserve System, December 16, 2019. Ann Misback, Secretary of the Board. [FR Doc. 2019–27414 Filed 12–18–19; 8:45 am] BILLING CODE 6210–01–P The Centers for Medicare & Medicaid Services (CMS) is announcing an opportunity for the public to comment on CMS’ intention to collect information from the public. Under the Paperwork Reduction Act of 1995 (the wholesale funding. In addition, Method 2 is calibrated differently from Method 1. 3 12 CFR 217.404(b)(1)(i)(B); 80 FR 49082, 49086– 87 (August 14, 2015). In addition, the Board maintains the GSIB Framework Denominators on its website, available at https:// www.federalreserve.gov/bankinforeg/basel/ denominators.htm. Centers for Medicare & Medicaid Services [Document Identifiers: CMS–10302] Agency Information Collection Activities: Proposed Collection; Comment Request Centers for Medicare & Medicaid Services, HHS. ACTION: Notice. SUMMARY: 1 See 12 CFR 217.402, 217.404. 2 uses similar inputs to those used in Method 1, but replaces the substitutability category with a measure of a firm’s use of short-term 2 Method VerDate Sep<11>2014 19:13 Dec 18, 2019 Jkt 250001 86,929,981,510,715 8,378,699,821,090 9,423,444,832,391 14,980,796,701,622 2,451,526,935,926,810 162,964,740,953,671 6,508,969,472,114 606,648,652,426,571 3,572,783,522,209 530,724,384,529 21,901,114,980,308 18,341,219,019,191 PRA), federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information (including each proposed extension or reinstatement of an existing collection of information) and to allow 60 days for public comment on the proposed action. Interested persons are invited to send comments regarding our burden estimates or any other aspect of this collection of information, including the necessity and utility of the proposed information collection for the proper performance of the agency’s functions, the accuracy of the estimated burden, ways to enhance the quality, utility, and clarity of the information to be collected, and the use of automated collection techniques or other forms of information technology to minimize the information collection burden. DEPARTMENT OF HEALTH AND HUMAN SERVICES AGENCY: lotter on DSKBCFDHB2PROD with NOTICES Aggregate global indicator amount (in USD) Category PO 00000 Frm 00026 Fmt 4703 Sfmt 4703 E:\FR\FM\19DEN1.SGM 19DEN1

Agencies

[Federal Register Volume 84, Number 244 (Thursday, December 19, 2019)]
[Notices]
[Pages 69744-69745]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27414]


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

FEDERAL RESERVE SYSTEM

[Docket No. OP-1691]


Regulation Q; Regulatory Capital Rules: Risk-Based Capital 
Surcharges for Global Systemically Important Bank Holding Companies

AGENCY: Board of Governors of the Federal Reserve System (Board).

ACTION: Notice.

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

SUMMARY: The Board is providing notice of the 2019 aggregate global 
indicator amounts, as required under the Board's rule regarding risk-
based capital surcharges for global systemically important bank holding 
companies (GSIB surcharge rule).

DATES: 2019 aggregate global indicator amounts effective: December 19, 
2019.

FOR FURTHER INFORMATION CONTACT: Juan Climent, Manager, (202) 872-7526, 
Sean Healey, Lead Financial Institution Policy Analyst, (202) 912-4611, 
or Christopher Appel, Senior Financial Institution Policy Analyst II, 
(202) 973-6862, Division of Supervision and Regulation or Mark Buresh, 
Senior Counsel, (202) 452-5270, or Mary Watkins, Senior Attorney, (202) 
452-

[[Page 69745]]

3722, Legal Division. Board of Governors of the Federal Reserve System, 
20th and C Streets NW, Washington, DC 20551. For the hearing impaired 
only, Telecommunications Device for the Deaf (TDD) users may contact 
(202) 263-4869.

SUPPLEMENTARY INFORMATION: The Board's GSIB surcharge rule establishes 
a methodology to identify global systemically important bank holding 
companies in the United States (GSIBs) based on indicators that are 
correlated with systemic importance.\1\ Under the GSIB surcharge rule, 
a firm must calculate its GSIB score using a specific formula (Method 
1). Method 1 uses five equally weighted categories that are correlated 
with systemic importance--size, interconnectedness, cross-
jurisdictional activity, substitutability, and complexity--and 
subdivided into twelve systemic indicators. For each indicator, a firm 
divides its own measure of each systemic indicator by an aggregate 
global indicator amount. A firm's Method 1 score is the sum of its 
weighted systemic indicator scores expressed in basis points. The GSIB 
surcharge for a firm is the higher of the GSIB surcharge determined 
under Method 1 and a second method, Method 2, which weights size, 
interconnectedness, cross-jurisdictional activity, complexity, and a 
measure of a firm's reliance on wholesale funding (instead of 
substitutability).\2\
---------------------------------------------------------------------------

    \1\ See 12 CFR 217.402, 217.404.
    \2\ Method 2 uses similar inputs to those used in Method 1, but 
replaces the substitutability category with a measure of a firm's 
use of short-term wholesale funding. In addition, Method 2 is 
calibrated differently from Method 1.
---------------------------------------------------------------------------

    The aggregate global indicator amounts used in the score 
calculation under Method 1 are based on data collected by the Basel 
Committee on Banking Supervision (BCBS). The BCBS amounts are 
determined based on the sum of the systemic indicator scores of the 75 
largest U.S. and foreign banking organizations as measured by the BCBS, 
and any other banking organization that the BCBS includes in its sample 
total for that year. The BCBS publicly releases these values, 
denominated in euros, each year. Pursuant to the GSIB surcharge rule, 
the Board publishes the aggregate global indicator amounts each year as 
denominated in U.S. dollars using the euro-dollar exchange rate 
provided by the BCBS.\3\ Specifically, the Board multiplied each of the 
euro-denominated indicator amounts made publicly available by the BCBS 
by 1.1450, which was the daily euro to U.S. dollar spot rate on 
December 31, 2018, provided by the BCBS (as published by the European 
Central Bank, available at http://www.ecb.europa.eu/stats/eurofxref/index.en.html).
---------------------------------------------------------------------------

    \3\ 12 CFR 217.404(b)(1)(i)(B); 80 FR 49082, 49086-87 (August 
14, 2015). In addition, the Board maintains the GSIB Framework 
Denominators on its website, available at https://www.federalreserve.gov/bankinforeg/basel/denominators.htm.
---------------------------------------------------------------------------

    The aggregate global indicator amounts for purposes of the 2019 
Method 1 score calculation under Sec.  217.404(b)(1)(i)(B) of the GSIB 
surcharge rule are:

                        Aggregate Global Indicator Amounts in U.S. Dollars (USD) for 2019
----------------------------------------------------------------------------------------------------------------
                                                                                            Aggregate global
                   Category                               Systemic indicator              indicator amount (in
                                                                                                  USD)
----------------------------------------------------------------------------------------------------------------
Size..........................................  Total exposures.......................        86,929,981,510,715
Interconnectedness............................  Intra-financial system assets.........         8,378,699,821,090
                                                Intra-financial system liabilities....         9,423,444,832,391
                                                Securities outstanding................        14,980,796,701,622
Substitutability..............................  Payments activity.....................     2,451,526,935,926,810
                                                Assets under custody..................       162,964,740,953,671
                                                Underwritten transactions in debt and          6,508,969,472,114
                                                 equity markets.
Complexity....................................  Notional amount of over-the-counter          606,648,652,426,571
                                                 (OTC) derivatives.
                                                Trading and available-for-sale (AFS)           3,572,783,522,209
                                                 securities.
                                                Level 3 assets........................           530,724,384,529
Cross-jurisdictional activity.................  Cross-jurisdictional claims...........        21,901,114,980,308
                                                Cross-jurisdictional liabilities......        18,341,219,019,191
----------------------------------------------------------------------------------------------------------------


    Authority: 12 U.S.C. 248(a), 321-338a, 481-486, 1462a, 1467a, 
1818, 1828, 1831n, 1831o, 1831p-l, 1831w, 1835, 1844(b), 1851, 3904, 
3906-3909, 4808, 5365, 5368, 5371.

    Board of Governors of the Federal Reserve System, December 16, 
2019.
Ann Misback,
Secretary of the Board.
[FR Doc. 2019-27414 Filed 12-18-19; 8:45 am]
 BILLING CODE 6210-01-P