Proposed Agency Information Collection Activities: Comment Request, 49647-49651 [2022-17229]

Download as PDF Federal Register / Vol. 87, No. 154 / Thursday, August 11, 2022 / Notices (FMCSA–2022–0148) for this notice. Note that DOT posts all comments received without change to www.regulations.gov, including any personal information included in a comment. Please see the Privacy Act heading below. Docket: For access to the docket to read background documents or comments, go to www.regulations.gov at any time or visit Room W12–140 on the ground level of the West Building, 1200 New Jersey Avenue SE, Washington, DC, between 9 a.m. and 5 p.m., ET, Monday through Friday, except Federal holidays. To be sure someone is there to help you, please call (202) 366–9317 or (202) 366–9826 before visiting Dockets Operations. Privacy Act: In accordance with 49 U.S.C. 31315(b), DOT solicits comments from the public to better inform its exemption process. DOT posts these comments, without edit, including any personal information the commenter provides, to www.regulations.gov, as described in the system of records notice DOT/ALL 14—FDMS, which can be reviewed at https:// www.transportation.gov/privacy. FOR FURTHER INFORMATION CONTACT: Mr. Richard Clemente, Driver and Carrier Operations Division; Office of Carrier, Driver and Vehicle Safety Standards, FMCSA, at (202) 366–2722 or by email at richard.clemente@dot.gov. If you have questions on viewing or submitting material to the docket, contact Dockets Operations at (202) 366–9826. SUPPLEMENTARY INFORMATION: I. Public Participation and Request for Comments FMCSA encourages you to participate by submitting comments and related materials. lotter on DSK11XQN23PROD with NOTICES1 Submitting Comments If you submit a comment, please include the docket number for this notice (FMCSA–2022–0148), indicate the specific section of this document to which the comment applies, and provide a reason for suggestions or recommendations. You may submit your comments and material online or by fax, mail, or hand delivery, but please use only one of these means. FMCSA recommends that you include your name and a mailing address, an email address, or a phone number in the body of your document so the Agency can contact you if it has questions regarding your submission. To submit your comment online, go to www.regulations.gov and put the docket number (‘‘FMCSA–2022–0148’’) in the ‘‘Keyword’’ box, and click ‘‘Search.’’ VerDate Sep<11>2014 17:49 Aug 10, 2022 Jkt 256001 When the new screen appears, click on the ‘‘Comment Now!’’ button and type your comment into the text box in the following screen. Choose whether you are submitting your comment as an individual or on behalf of a third party and then submit. If you submit your comments by mail or hand delivery, submit them in an unbound format, no larger than 81⁄2 by 11 inches, suitable for copying and electronic filing. If you submit comments by mail and would like to know that they reached the facility, please enclose a stamped, selfaddressed postcard or envelope. FMCSA will consider all comments and material received during the comment period. II. Legal Basis FMCSA has authority under 49 U.S.C. 31136(e) and 31315(b) to grant exemptions from Federal Motor Carrier Safety Regulations (FMCSRs). FMCSA must publish a notice of each exemption request in the Federal Register (49 CFR 381.315(a)). The Agency must provide the public an opportunity to inspect the information relevant to the application, including any safety analyses that have been conducted. The Agency must provide an opportunity for public comment on the request. The Agency reviews safety analyses and public comments submitted and determines whether granting the exemption would likely achieve a level of safety equivalent to, or greater than, the level that would be achieved by the current regulation (49 CFR 381.305). The Agency must publish its decision in the Federal Register (49 CFR 381.315(b)) with the reasons for denying or granting the application and, if granted, the name of the person or class of persons receiving the exemption and the regulatory provision from which the exemption is granted. The notice must specify the effective period and explain the terms and conditions of the exemption. The exemption may be renewed (49 CFR 381.300(b)). III. Applicant’s Request The NSTA has applied for an exemption for CDL applicants from the engine compartment component of the pre-trip vehicle skills testing requirement, known as the ‘‘under-thehood’’ testing requirement, in 49 CFR 383.113(a)(1)(i). The requested exemption would apply to CDL applicants seeking the school bus (S) and passenger (P) endorsements and the intrastate only (K) restriction. Drivers issued a CDL pursuant to the requested exemption would be restricted to the intrastate operation of school buses only. NSTA is a membership organization for school bus contract- PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 49647 operators engaged primarily in transporting students to and from school and school-related activities. NSTA believes the ‘‘under-the-hood’’ testing requirement is a ‘‘barrier to entry for new school bus drivers, contributing to the nationwide driver shortage.’’ NSTA requests the exemption for a five-year period. A copy of the NSTA application for exemption is available for review in the docket for this notice. IV. Request for Comments In accordance with 49 U.S.C. 31315(b), FMCSA requests public comment from all interested persons on the NSTA’s application for an exemption. All comments received before the close of business on the comment closing date indicated at the beginning of this notice will be considered and will be available for examination in the docket at the location listed under the ADDRESSES section of this notice. Comments received after the comment closing date will be filed in the public docket and will be considered to the extent practicable. In addition to late comments, FMCSA will also continue to file, in the public docket, relevant information that becomes available after the comment closing date. Interested persons should continue to examine the public docket for new material. Larry W. Minor, Associate Administrator for Policy. [FR Doc. 2022–17228 Filed 8–10–22; 8:45 am] BILLING CODE 4910–EX–P 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 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. AGENCY: 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 SUMMARY: E:\FR\FM\11AUN1.SGM 11AUN1 lotter on DSK11XQN23PROD with NOTICES1 49648 Federal Register / Vol. 87, No. 154 / Thursday, August 11, 2022 / Notices respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. On January 20, 2022, the Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, requested public comment for 60 days on a proposal to extend for three years, with revision, the Country Exposure Report (FFIEC 009) and the Country Exposure Information Report (FFIEC 009a), which are currently approved collections of information. As described in the SUPPLEMENTARY INFORMATION section, after considering the comments received on the proposal, the agencies are proceeding with the proposed revisions to the FFIEC 009 and FFIEC 009a, but with certain modifications. In addition, the agencies will make clarifying revisions to the report form and instructions in response to comments received on the proposal. The agencies are giving notice that they are sending the collections to OMB for review. If approved by OMB, these revisions would take effect for the December 31, 2022, report date. DATES: Comments must be submitted on or before September 12, 2022. 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: You may submit comments, which should refer to ‘‘FFIEC 009 and FFIEC 009a,’’ by any of the following methods: • Email: prainfo@occ.treas.gov. • Mail: Chief Counsel’s Office, Office of the Comptroller of the Currency, Attention: 1557–0100, 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– 0100’’ 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. VerDate Sep<11>2014 17:49 Aug 10, 2022 Jkt 256001 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 dropdown menu select ‘‘Department of Treasury’’ and then click ‘‘submit.’’ This information collection can be located by searching by OMB control number ‘‘1557–0100’’ or ‘‘FFIEC 009 and FFIEC 009a.’’ 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. Board: You may submit comments, which should refer to ‘‘FFIEC 009 and FFIEC 009a,’’ by any of the following methods: • Agency website: https:// www.federalreserve.gov. Follow the instructions for submitting comments at: https://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. • Email: regs.comments@ federalreserve.gov. Include ‘‘FFIEC 009 and FFIEC 009a’’ 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 on the Board’s website at https:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. FDIC: You may submit comments, which should refer to ‘‘FFIEC 009 and FFIEC 009a,’’ 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: comments@FDIC.gov. Include ‘‘FFIEC 009 and FFIEC 009a’’ in the subject line of the message. PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 • 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 oira_ submission@omb.eop.gov. 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 009 and FFIEC 009a reporting forms 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. If you are hearing impaired, please dial 7–1–1 to access telecommunications relay services. 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: I. Summary Report Titles: Country Exposure Report and Country Exposure Information Report. Form Numbers: FFIEC 009 and FFIEC 009a. Frequency of Response: Quarterly. Affected Public: Business or other for profit. OCC OMB Number: 1557–0100. E:\FR\FM\11AUN1.SGM 11AUN1 Federal Register / Vol. 87, No. 154 / Thursday, August 11, 2022 / Notices Estimated Number of Respondents: 10 (FFIEC 009), 4 (FFIEC 009a). Estimated Average Time per Response: 135 hours (FFIEC 009), 6.5 hours (FFIEC 009a). Estimated Total Annual Burden: 5,400 hours (FFIEC 009), 104 hours (FFIEC 009a). Board OMB Number: 7100–0035. Estimated Number of Respondents: 49 (FFIEC 009), 37 (FFIEC 009a). Estimated Average Time per Response: 135 hours (FFIEC 009), 6.5 hours (FFIEC 009a). Estimated Total Annual Burden: 26,460 hours (FFIEC 009), 962 hours (FFIEC 009a). FDIC OMB Number: 3064–0017. Estimated Number of Respondents: 13 (FFIEC 009), 10 (FFIEC 009a). Estimated Average Time per Response: 135 hours (FFIEC 009), 6.5 hours (FFIEC 009a). Estimated Total Annual Burden: 7,020 hours (FFIEC 009), 260 hours (FFIEC 009a). lotter on DSK11XQN23PROD with NOTICES1 General Description of Reports The Country Exposure Report (FFIEC 009) is filed quarterly with the agencies and provides information on international claims of U.S. banks, savings associations, Edge and/or Agreement corporations, bank holding companies, savings and loan holding companies, and U.S. intermediate holding companies of foreign banking organizations (collectively, U.S. banking organizations) that is used for supervisory and analytical purposes. The information is used to monitor the foreign country exposures of reporting institutions to determine the degree of risk in their portfolios and assess the potential risk of loss. The Country Exposure Information Report (FFIEC 009a) is a supplement to the FFIEC 009 and provides publicly available information on material foreign country exposures (i.e., all exposures to a foreign country in excess of 1 percent of total assets or 20 percent of total capital, whichever is less) of U.S. banking organizations that file the FFIEC 009 report. As part of the FFIEC 009a, reporting institutions also must furnish a list of countries in which they have lending exposures above 0.75 percent of total assets or 15 percent of total capital, whichever is less. Legal Basis and Need for Collection These information collections are mandatory under the following statutes: 12 U.S.C. 161 and 1817 (national banks), VerDate Sep<11>2014 17:49 Aug 10, 2022 Jkt 256001 12 U.S.C. 1464 (federal savings associations), 12 U.S.C. 248(a)(1) and (2), 1844(c), and 3906 (state member banks and bank holding companies); 12 U.S.C. 1467a(b)(2)(A) (savings and loan holding companies); 12 U.S.C. 5365(a) (intermediate holding companies); and 12 U.S.C. 1817 and 1820 (insured state nonmember commercial and savings banks and insured state savings associations). The FFIEC 009 information collection is given confidential treatment (5 U.S.C. 552(b)(4) and (b)(8)). The FFIEC 009a information collection is not given confidential treatment. II. Current Actions On January 20, 2022, the agencies requested public comment to extend for three years, with revision, the FFIEC 009 and FFIEC 009a. The comment period closed on March 21, 2022. The agencies received one comment letter from a banking trade association. The commenter requested clarification of certain aspects of the proposed FFIEC 009 and FFIEC 009a reporting forms and instructions. The specific comments and the agencies’ responses follow. First, the commenter noted that the proposed change to the naming of headers for Columns 13 through 17 and 18 through 22 of Schedule C, Part I, which the agencies stated would be a nonsubstantive change, could imply that the risk transfers reported on the FFIEC 009 would be limited to only those with guarantors in countries other than that of the immediate counterparty, but would no longer include risk transfers between different sectors within the same country. The commenter recommended renaming the headers to include both other sectors and other jurisdictions to ensure there would be no substantive change in reporting. The agencies agree with the commenter’s recommendation and have revised the headers accordingly. In connection with the proposed changes to the FFIEC 009 and FFIEC 009a, it was the agencies’ intent that risk transfers continue to be reported according to existing reporting practices and in line with the instructions. Second, the commenter asked for clarification on whether claims where cash collateral is provided should be included in Column 18 of Schedule C, Part II. Furthermore, the commenter stated that the use of ‘‘collateral’’ with respect to Column 18 seemed out of place and not parallel to the instructions for Column 17. In response to the comment, the agencies have combined the instructions for Columns 17 and 18 to emphasize that the same claims are to be reported, but the risk is to be PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 49649 assigned by different criteria. Furthermore, the revised instructions state that cash held as collateral should not be reported in these columns. Third, with regard to Schedule C, Part II, columns, 13 through 18, the commenter asked for clarification on the reporting of collateral held against claims where risk transfer occurs because the guarantor is located in a different country, or is from a different sector than the immediate counterparty even though collateral held against the claim does not meet the definition of collateral for risk transfer. This would occur in an overnight resale agreement, collateralized by securities, with a foreign branch of a bank that is headquartered in a third country. In response to the comment, the agencies have amended the instructions to clarify that collateral held against claims that are subject to risk transfer does not need to be reported in columns 13 through 18 of Schedule C, Part II. Fourth, the commenter requested clarification on the reporting basis for Columns 1 and 2 of Schedule L, as the agencies proposed to rename the reporting basis for these columns in Appendix A of the instructions but did not propose to change the substantive instructions. The commenter proposed to amend the instructions for these columns to state that deposits of a foreign branch are assumed to be liabilities of the branch unless they are explicitly guaranteed outside of the country where the branch is located. This represents a change from the current instructions, which refer to deposits that are redeemable elsewhere (rather than guaranteed elsewhere). The agencies consider the modification as originally proposed to be a change in name rather than a substantive alteration. The agencies note that there was no change in the instructions for Columns 1 and 2 of Schedule L from the 2019 version and the proposed amendment is out of scope for the current revision. Accordingly, the agencies have decided not to change the corresponding instructions as recommended by the commenter. However, after further consideration and in the interest of clarity, the agencies are revising the form to leave blank the ‘‘Reporting Basis’’ entry in Appendix A (rightmost column) in the row addressing Columns 1 and 2 of Schedule L (which was originally proposed to be ‘‘Guarantor Basis’’). This change provides a useful clarification because the location is that of the foreign office, not the counterparty, and thus neither Immediate-Counterparty nor Guarantor Basis is applicable. Furthermore, as established in section E:\FR\FM\11AUN1.SGM 11AUN1 lotter on DSK11XQN23PROD with NOTICES1 49650 Federal Register / Vol. 87, No. 154 / Thursday, August 11, 2022 / Notices II.C of the FFIEC 009 general instructions, the ImmediateCounterparty versus Guarantor Basis distinction is to be reported only for claims and not for liabilities. Fifth, the commenter noted that the draft reporting instructions for Column 2 of the FFIEC 009a report instruct firms to report the sum of Columns 6 through 10 from Schedule C, Part I, of the FFIEC 009 report,’’ which are ‘‘Claims on Local Residents in Non-Local Currency.’’ However, the proposal does not provide an indication in the heading for Column 2 of the FFIEC 009a that the data reported in the column should be limited to only claims on local residents in non-local currency, nor is there any reference in the draft instructions for the reporting of claims on local residents in local currency. The commenter recommended the agencies clarify whether the data in Column 2 should include claims on local residents in both local and non-local currencies and subsequently modify the heading for Column 2 to clearly specify what is to be captured. The commenter also stated if the intention for new Columns 1 and 2 of the FFIEC 009a is to collect data on the total claims by the immediate counterparty and as a result should reflect the claims in both local and nonlocal currencies, the agencies should clarify the reporting instructions for Column 2 to reference Column 12 from Schedule C, Part I of the FFIEC 009 to incorporate claims on local residents in local currency. The agencies agree both new Columns 1 and 2 of the FFIEC 009a should reflect total claims by immediate counterparty and Column 2 should include claims that are reflected in column 12, Schedule C, Part 1 of the FFIEC 009, in addition to those reflected in columns 6 through 12. Therefore, the agencies agree with the commenter’s recommendation to include a reference to Column 12 from Schedule C, Part I of the FFIEC 009 in the FFIEC 009a instructions for Column 2 and will modify the heading for Column 2 on the FFIEC 009a report form to specify what is included. Sixth, the commenter noted that Schedule D of the FFIEC 009 collects information on the fair value of derivative contracts, and the headers for new Column 1 ‘‘Amount of Cross-border Claims Outstanding’’ and Column 2 ‘‘Amount of Foreign Office Claims on Local Residents’’ of the FFIEC 009a explicitly indicate that firms should exclude derivative products. The commenter pointed out that referencing Schedule D in the instructions for new Columns 8 through 11 of the FFIEC 009a created an inconsistency and VerDate Sep<11>2014 17:49 Aug 10, 2022 Jkt 256001 recommended removing the references to Schedule D from the instructions of Columns 8 through 11. The agencies note that the amounts in Columns 8 through 11, which are reported on an immediate counterparty basis, correspond to the cross-sectoral aggregated amounts in Columns 1 and 2 which are not intended to include derivatives. Therefore, the agencies agree with the commenter’s recommendation to remove the references to Schedule D of the FFIEC 009 and will modify the instructions accordingly. Seventh, the commenter noted an inconsistency in the proposed FFIEC 009a instructions for Column 3 ‘‘Amount of Cross-border Claims Outstanding After Mandated Adjustments for Transfer of Exposure (excluding derivative products)’’ (existing Column 1), Column 4 ‘‘Amount of Foreign Office Claims on Local Residents (excluding derivative products)’’ (existing Column 2) and Columns 12 through 15 (existing Columns 6 through 9), which redistribute the same amounts reported in Columns 3 and 4. The commenter noted that there is a conflict because, by including references to FFIEC 009 Schedule D, the instructions imply that Columns 12 through 15 include derivative products, while derivatives are explicitly excluded from Columns 3 and 4. The commenter recommended that the agencies revise the reporting instructions for Columns 12 through 15 to remove the references to the FFIEC 009, Schedule D thereby removing derivatives from the reporting of guarantor basis claims in the sector breakdown of Columns 12 through 15. The agencies agree there is an inconsistency, Columns 3 and 4 correctly exclude derivatives, whereas Columns 12 through 15 are intended to include derivatives. Derivatives are listed in Column 5 and included in Column 6, total claims on a guarantor basis, which is the sum of Columns 3, 4, and 5. Therefore, the agencies will revise the column headers and the instructions for Columns 12 through 17 of the FFIEC 009a to reference the total in Column 6 and note derivative products are to be included. Therefore, Columns 12 through 15 will include derivatives and retain the references to Schedule D of the FFIEC 009. Eighth, the commenter noted that, given the changes to the FFIEC 009 and the renumbering of columns, the instructions for the new Column 24 (currently Column 18) of the FFIEC 009a ‘‘Of Which, Resale Agreements and Securities Lending (Counterparty)’’ incorrectly references FFIEC 009 PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 Schedule C, Part II, Column 16. Additionally, the commenter noted that the column header for Column 24 does not include ‘‘Reverse Repurchase Agreements’’ which is inconsistent with the column headers of Columns 17 and 18 on the FFIEC 009, Schedule C, Part II, which are ‘‘Of Which, Resale and Reverse Repurchase Agreements and Securities Lending (Counterparty)’’ and ‘‘Of Which, Resale and Reverse Repurchase Agreements and Securities Lending (Collateral),’’ respectively. Therefore, the commenter recommended that the agencies revise the reporting instructions for Column 24 of the FFIEC 009a to reference Column 17 of Schedule C, Part II of the FFIEC 009 and revise the header for Column 24 of the FFIEC 009a, to read ‘‘Of Which, Resale and Reverse Repurchase Agreements and Securities Lending (Counterparty),’’ to be consistent with the headers in the corresponding columns of the FFIEC 009. The agencies agree with the commenter and will revise the instructions and headers accordingly. Lastly, the commenter expressed a concern that there is potentially conflicting guidance regarding CUSIP netting practices in the FFIEC 009. Specifically, the commenter noted that the agencies had provided one method for netting in a Frequently Asked Question issued in September 2015, while a different method was described in informal guidance during a 2016 regulatory reporting seminar conducted by one of the agencies. In 2019, the agencies received a related comment on whether CUSIP netting in the FFIEC 009 should follow U.S. GAAP. In response to that comment, the agencies clarified that CUSIP netting should not follow U.S. GAAP and reiterated that the current FFIEC 009 instructions (incorporating the method described in September 2015) is the correct method for CUSIP netting in the FFIEC 009.1 The agencies continue to confirm that only the CUSIP netting method described in the FFIEC 009 instructions is appropriate. III. Request for Comment Public comment is requested on all aspects of this notice. Comment is also specifically invited on: (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 1 See E:\FR\FM\11AUN1.SGM 84 FR 47340, 47342 (September 9, 2019). 11AUN1 Federal Register / Vol. 87, No. 154 / Thursday, August 11, 2022 / Notices 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. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. Margaret McCloskey Shanks, Deputy Secretary of the Board. Board of Governors of the Federal Reserve System. Federal Deposit Insurance Corporation. Dated at Washington, DC, on August 4, 2022. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2022–17229 Filed 8–10–22; 8:45 am] BILLING CODE P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; Assessment of Fees 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 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 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 OCC is soliciting comment concerning the renewal of its information collection titled, ‘‘Assessment of Fees.’’ DATES: You should submit written comments by October 11, 2022. ADDRESSES: Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods: lotter on DSK11XQN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 17:49 Aug 10, 2022 Jkt 256001 • Email: prainfo@occ.treas.gov. • Mail: Chief Counsel’s Office, Attention: Comment Processing, Office of the Comptroller of the Currency, Attention: 1557–0223, 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– 0223’’ 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. Following the close of this notice’s 60-day comment period, the OCC will publish a second notice with a 30-day comment period. 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 the method set forth in the next bullet. • Viewing Comments Electronically: Go to www.reginfo.gov. Hover over the ‘‘Information Collection Review’’ drop down menu. Click on ‘‘Information Collection Review.’’ From the ‘‘Currently under Review’’ drop-down menu, select ‘‘Department of Treasury’’ and then click ‘‘submit.’’ This information collection can be located by searching by OMB control number ‘‘1557–0223’’ or ‘‘Assessment of Fees.’’ 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. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649–5490, Chief Counsel’s Office, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, hard of hearing, or have a speech disability, please dial 7–1–1 to access telecommunications relay services. PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 49651 Under the PRA (44 U.S.C. 3501 et seq.), Federal agencies must obtain approval from the OMB for each collection of information that 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, and/or provide information to a third party. Section 3506(c)(2)(A) of title 44 generally 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 proposed collection of information set forth in this document. The OCC is proposing to extend OMB approval of the following information collection: Title: Assessment of Fees. OMB Control No.: 1557–0223. Affected Public: Business or other forprofit. Type of Review: Regular review. Abstract: The OCC is requesting comment on its proposed extension, without change, of the information collection titled, ‘‘Assessment of Fees.’’ The OCC is authorized by the National Bank Act (for national banks and Federal branches and agencies) and the Home Owners Loan Act (for Federal savings associations) to collect assessments, fees, and other charges as necessary or appropriate to carry out the responsibilities of the OCC. 12 U.S.C. 16, 481, 482 and 1467. The OCC requires independent credit card national banks and independent credit card Federal savings associations (collectively, independent credit card institutions) to pay an additional assessment based on receivables attributable to accounts owned by the national bank or Federal savings association. 12 CFR 8.2(c). Independent credit card institutions are national banks or Federal savings associations that engage primarily in credit card operations and are not affiliated with a full-service national bank or full-service Federal savings association. 12 CFR 8.2(c)(3)(vi) and (vii). Under 12 CFR 8.2(c)(2), the OCC also has the authority to assess an independent credit card institution that is affiliated with a fullservice national bank or full-service Federal savings association if the OCC concludes that the affiliation is intended to evade the requirements of 12 CFR part 8. SUPPLEMENTARY INFORMATION: E:\FR\FM\11AUN1.SGM 11AUN1

Agencies

[Federal Register Volume 87, Number 154 (Thursday, August 11, 2022)]
[Notices]
[Pages 49647-49651]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-17229]


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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

[[Page 49648]]

respondent is not required to respond to, an information collection 
unless it displays a currently valid Office of Management and Budget 
(OMB) control number. On January 20, 2022, the Federal Financial 
Institutions Examination Council (FFIEC), of which the agencies are 
members, requested public comment for 60 days on a proposal to extend 
for three years, with revision, the Country Exposure Report (FFIEC 009) 
and the Country Exposure Information Report (FFIEC 009a), which are 
currently approved collections of information. As described in the 
SUPPLEMENTARY INFORMATION section, after considering the comments 
received on the proposal, the agencies are proceeding with the proposed 
revisions to the FFIEC 009 and FFIEC 009a, but with certain 
modifications. In addition, the agencies will make clarifying revisions 
to the report form and instructions in response to comments received on 
the proposal. The agencies are giving notice that they are sending the 
collections to OMB for review. If approved by OMB, these revisions 
would take effect for the December 31, 2022, report date.

DATES: Comments must be submitted on or before September 12, 2022.

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: You may submit comments, which should refer to ``FFIEC 009 and 
FFIEC 009a,'' 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 
``1557-0100'' 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 ``1557-0100'' or ``FFIEC 009 and FFIEC 009a.'' 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.
    Board: You may submit comments, which should refer to ``FFIEC 009 
and FFIEC 009a,'' by any of the following methods:
     Agency website: https://www.federalreserve.gov. Follow the 
instructions for submitting comments at: https://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Email: [email protected]. Include ``FFIEC 
009 and FFIEC 009a'' 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 on the Board's website at https://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information.
    FDIC: You may submit comments, which should refer to ``FFIEC 009 
and FFIEC 009a,'' 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 009 and FFIEC 
009a'' 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 009 and FFIEC 009a reporting forms 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. If you are hearing impaired, please dial 7-1-1 to access 
telecommunications relay services.
    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:

I. Summary

    Report Titles: Country Exposure Report and Country Exposure 
Information Report.
    Form Numbers: FFIEC 009 and FFIEC 009a.
    Frequency of Response: Quarterly.
    Affected Public: Business or other for profit.
OCC
    OMB Number: 1557-0100.

[[Page 49649]]

    Estimated Number of Respondents: 10 (FFIEC 009), 4 (FFIEC 009a).
    Estimated Average Time per Response: 135 hours (FFIEC 009), 6.5 
hours (FFIEC 009a).
    Estimated Total Annual Burden: 5,400 hours (FFIEC 009), 104 hours 
(FFIEC 009a).
Board
    OMB Number: 7100-0035.
    Estimated Number of Respondents: 49 (FFIEC 009), 37 (FFIEC 009a).
    Estimated Average Time per Response: 135 hours (FFIEC 009), 6.5 
hours (FFIEC 009a).
    Estimated Total Annual Burden: 26,460 hours (FFIEC 009), 962 hours 
(FFIEC 009a).
FDIC
    OMB Number: 3064-0017.
    Estimated Number of Respondents: 13 (FFIEC 009), 10 (FFIEC 009a).
    Estimated Average Time per Response: 135 hours (FFIEC 009), 6.5 
hours (FFIEC 009a).
    Estimated Total Annual Burden: 7,020 hours (FFIEC 009), 260 hours 
(FFIEC 009a).

General Description of Reports

    The Country Exposure Report (FFIEC 009) is filed quarterly with the 
agencies and provides information on international claims of U.S. 
banks, savings associations, Edge and/or Agreement corporations, bank 
holding companies, savings and loan holding companies, and U.S. 
intermediate holding companies of foreign banking organizations 
(collectively, U.S. banking organizations) that is used for supervisory 
and analytical purposes. The information is used to monitor the foreign 
country exposures of reporting institutions to determine the degree of 
risk in their portfolios and assess the potential risk of loss. The 
Country Exposure Information Report (FFIEC 009a) is a supplement to the 
FFIEC 009 and provides publicly available information on material 
foreign country exposures (i.e., all exposures to a foreign country in 
excess of 1 percent of total assets or 20 percent of total capital, 
whichever is less) of U.S. banking organizations that file the FFIEC 
009 report. As part of the FFIEC 009a, reporting institutions also must 
furnish a list of countries in which they have lending exposures above 
0.75 percent of total assets or 15 percent of total capital, whichever 
is less.

Legal Basis and Need for Collection

    These information collections are mandatory under the following 
statutes: 12 U.S.C. 161 and 1817 (national banks), 12 U.S.C. 1464 
(federal savings associations), 12 U.S.C. 248(a)(1) and (2), 1844(c), 
and 3906 (state member banks and bank holding companies); 12 U.S.C. 
1467a(b)(2)(A) (savings and loan holding companies); 12 U.S.C. 5365(a) 
(intermediate holding companies); and 12 U.S.C. 1817 and 1820 (insured 
state nonmember commercial and savings banks and insured state savings 
associations). The FFIEC 009 information collection is given 
confidential treatment (5 U.S.C. 552(b)(4) and (b)(8)). The FFIEC 009a 
information collection is not given confidential treatment.

II. Current Actions

    On January 20, 2022, the agencies requested public comment to 
extend for three years, with revision, the FFIEC 009 and FFIEC 009a. 
The comment period closed on March 21, 2022. The agencies received one 
comment letter from a banking trade association. The commenter 
requested clarification of certain aspects of the proposed FFIEC 009 
and FFIEC 009a reporting forms and instructions. The specific comments 
and the agencies' responses follow.
    First, the commenter noted that the proposed change to the naming 
of headers for Columns 13 through 17 and 18 through 22 of Schedule C, 
Part I, which the agencies stated would be a nonsubstantive change, 
could imply that the risk transfers reported on the FFIEC 009 would be 
limited to only those with guarantors in countries other than that of 
the immediate counterparty, but would no longer include risk transfers 
between different sectors within the same country. The commenter 
recommended renaming the headers to include both other sectors and 
other jurisdictions to ensure there would be no substantive change in 
reporting. The agencies agree with the commenter's recommendation and 
have revised the headers accordingly. In connection with the proposed 
changes to the FFIEC 009 and FFIEC 009a, it was the agencies' intent 
that risk transfers continue to be reported according to existing 
reporting practices and in line with the instructions.
    Second, the commenter asked for clarification on whether claims 
where cash collateral is provided should be included in Column 18 of 
Schedule C, Part II. Furthermore, the commenter stated that the use of 
``collateral'' with respect to Column 18 seemed out of place and not 
parallel to the instructions for Column 17. In response to the comment, 
the agencies have combined the instructions for Columns 17 and 18 to 
emphasize that the same claims are to be reported, but the risk is to 
be assigned by different criteria. Furthermore, the revised 
instructions state that cash held as collateral should not be reported 
in these columns.
    Third, with regard to Schedule C, Part II, columns, 13 through 18, 
the commenter asked for clarification on the reporting of collateral 
held against claims where risk transfer occurs because the guarantor is 
located in a different country, or is from a different sector than the 
immediate counterparty even though collateral held against the claim 
does not meet the definition of collateral for risk transfer. This 
would occur in an overnight resale agreement, collateralized by 
securities, with a foreign branch of a bank that is headquartered in a 
third country. In response to the comment, the agencies have amended 
the instructions to clarify that collateral held against claims that 
are subject to risk transfer does not need to be reported in columns 13 
through 18 of Schedule C, Part II.
    Fourth, the commenter requested clarification on the reporting 
basis for Columns 1 and 2 of Schedule L, as the agencies proposed to 
rename the reporting basis for these columns in Appendix A of the 
instructions but did not propose to change the substantive 
instructions. The commenter proposed to amend the instructions for 
these columns to state that deposits of a foreign branch are assumed to 
be liabilities of the branch unless they are explicitly guaranteed 
outside of the country where the branch is located. This represents a 
change from the current instructions, which refer to deposits that are 
redeemable elsewhere (rather than guaranteed elsewhere). The agencies 
consider the modification as originally proposed to be a change in name 
rather than a substantive alteration. The agencies note that there was 
no change in the instructions for Columns 1 and 2 of Schedule L from 
the 2019 version and the proposed amendment is out of scope for the 
current revision. Accordingly, the agencies have decided not to change 
the corresponding instructions as recommended by the commenter. 
However, after further consideration and in the interest of clarity, 
the agencies are revising the form to leave blank the ``Reporting 
Basis'' entry in Appendix A (rightmost column) in the row addressing 
Columns 1 and 2 of Schedule L (which was originally proposed to be 
``Guarantor Basis''). This change provides a useful clarification 
because the location is that of the foreign office, not the 
counterparty, and thus neither Immediate-Counterparty nor Guarantor 
Basis is applicable. Furthermore, as established in section

[[Page 49650]]

II.C of the FFIEC 009 general instructions, the Immediate-Counterparty 
versus Guarantor Basis distinction is to be reported only for claims 
and not for liabilities.
    Fifth, the commenter noted that the draft reporting instructions 
for Column 2 of the FFIEC 009a report instruct firms to report the sum 
of Columns 6 through 10 from Schedule C, Part I, of the FFIEC 009 
report,'' which are ``Claims on Local Residents in Non-Local 
Currency.'' However, the proposal does not provide an indication in the 
heading for Column 2 of the FFIEC 009a that the data reported in the 
column should be limited to only claims on local residents in non-local 
currency, nor is there any reference in the draft instructions for the 
reporting of claims on local residents in local currency. The commenter 
recommended the agencies clarify whether the data in Column 2 should 
include claims on local residents in both local and non-local 
currencies and subsequently modify the heading for Column 2 to clearly 
specify what is to be captured.
    The commenter also stated if the intention for new Columns 1 and 2 
of the FFIEC 009a is to collect data on the total claims by the 
immediate counterparty and as a result should reflect the claims in 
both local and non-local currencies, the agencies should clarify the 
reporting instructions for Column 2 to reference Column 12 from 
Schedule C, Part I of the FFIEC 009 to incorporate claims on local 
residents in local currency. The agencies agree both new Columns 1 and 
2 of the FFIEC 009a should reflect total claims by immediate 
counterparty and Column 2 should include claims that are reflected in 
column 12, Schedule C, Part 1 of the FFIEC 009, in addition to those 
reflected in columns 6 through 12. Therefore, the agencies agree with 
the commenter's recommendation to include a reference to Column 12 from 
Schedule C, Part I of the FFIEC 009 in the FFIEC 009a instructions for 
Column 2 and will modify the heading for Column 2 on the FFIEC 009a 
report form to specify what is included.
    Sixth, the commenter noted that Schedule D of the FFIEC 009 
collects information on the fair value of derivative contracts, and the 
headers for new Column 1 ``Amount of Cross-border Claims Outstanding'' 
and Column 2 ``Amount of Foreign Office Claims on Local Residents'' of 
the FFIEC 009a explicitly indicate that firms should exclude derivative 
products. The commenter pointed out that referencing Schedule D in the 
instructions for new Columns 8 through 11 of the FFIEC 009a created an 
inconsistency and recommended removing the references to Schedule D 
from the instructions of Columns 8 through 11. The agencies note that 
the amounts in Columns 8 through 11, which are reported on an immediate 
counterparty basis, correspond to the cross-sectoral aggregated amounts 
in Columns 1 and 2 which are not intended to include derivatives. 
Therefore, the agencies agree with the commenter's recommendation to 
remove the references to Schedule D of the FFIEC 009 and will modify 
the instructions accordingly.
    Seventh, the commenter noted an inconsistency in the proposed FFIEC 
009a instructions for Column 3 ``Amount of Cross-border Claims 
Outstanding After Mandated Adjustments for Transfer of Exposure 
(excluding derivative products)'' (existing Column 1), Column 4 
``Amount of Foreign Office Claims on Local Residents (excluding 
derivative products)'' (existing Column 2) and Columns 12 through 15 
(existing Columns 6 through 9), which redistribute the same amounts 
reported in Columns 3 and 4. The commenter noted that there is a 
conflict because, by including references to FFIEC 009 Schedule D, the 
instructions imply that Columns 12 through 15 include derivative 
products, while derivatives are explicitly excluded from Columns 3 and 
4. The commenter recommended that the agencies revise the reporting 
instructions for Columns 12 through 15 to remove the references to the 
FFIEC 009, Schedule D thereby removing derivatives from the reporting 
of guarantor basis claims in the sector breakdown of Columns 12 through 
15. The agencies agree there is an inconsistency, Columns 3 and 4 
correctly exclude derivatives, whereas Columns 12 through 15 are 
intended to include derivatives. Derivatives are listed in Column 5 and 
included in Column 6, total claims on a guarantor basis, which is the 
sum of Columns 3, 4, and 5. Therefore, the agencies will revise the 
column headers and the instructions for Columns 12 through 17 of the 
FFIEC 009a to reference the total in Column 6 and note derivative 
products are to be included. Therefore, Columns 12 through 15 will 
include derivatives and retain the references to Schedule D of the 
FFIEC 009.
    Eighth, the commenter noted that, given the changes to the FFIEC 
009 and the renumbering of columns, the instructions for the new Column 
24 (currently Column 18) of the FFIEC 009a ``Of Which, Resale 
Agreements and Securities Lending (Counterparty)'' incorrectly 
references FFIEC 009 Schedule C, Part II, Column 16. Additionally, the 
commenter noted that the column header for Column 24 does not include 
``Reverse Repurchase Agreements'' which is inconsistent with the column 
headers of Columns 17 and 18 on the FFIEC 009, Schedule C, Part II, 
which are ``Of Which, Resale and Reverse Repurchase Agreements and 
Securities Lending (Counterparty)'' and ``Of Which, Resale and Reverse 
Repurchase Agreements and Securities Lending (Collateral),'' 
respectively. Therefore, the commenter recommended that the agencies 
revise the reporting instructions for Column 24 of the FFIEC 009a to 
reference Column 17 of Schedule C, Part II of the FFIEC 009 and revise 
the header for Column 24 of the FFIEC 009a, to read ``Of Which, Resale 
and Reverse Repurchase Agreements and Securities Lending 
(Counterparty),'' to be consistent with the headers in the 
corresponding columns of the FFIEC 009. The agencies agree with the 
commenter and will revise the instructions and headers accordingly.
    Lastly, the commenter expressed a concern that there is potentially 
conflicting guidance regarding CUSIP netting practices in the FFIEC 
009. Specifically, the commenter noted that the agencies had provided 
one method for netting in a Frequently Asked Question issued in 
September 2015, while a different method was described in informal 
guidance during a 2016 regulatory reporting seminar conducted by one of 
the agencies. In 2019, the agencies received a related comment on 
whether CUSIP netting in the FFIEC 009 should follow U.S. GAAP. In 
response to that comment, the agencies clarified that CUSIP netting 
should not follow U.S. GAAP and reiterated that the current FFIEC 009 
instructions (incorporating the method described in September 2015) is 
the correct method for CUSIP netting in the FFIEC 009.\1\ The agencies 
continue to confirm that only the CUSIP netting method described in the 
FFIEC 009 instructions is appropriate.
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    \1\ See 84 FR 47340, 47342 (September 9, 2019).
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III. Request for Comment

    Public comment is requested on all aspects of this notice. Comment 
is also specifically invited on:
    (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

[[Page 49651]]

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.

Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
Margaret McCloskey Shanks,
Deputy Secretary of the Board. Board of Governors of the Federal 
Reserve System. Federal Deposit Insurance Corporation.
    Dated at Washington, DC, on August 4, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-17229 Filed 8-10-22; 8:45 am]
BILLING CODE P