Regulation Q; Regulatory Capital Rules: Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies, 77120-77121 [2022-27207]

Download as PDF 77120 Federal Register / Vol. 87, No. 241 / Friday, December 16, 2022 / Notices the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than December 30, 2022. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Jessica White, Sue Ellen White, and Masakazu Miyagi, all of Covington, Indiana; and Thomas Benjamin Loda, Olomouc, Czech Republic; to join the White Family Control Group, a group acting in concert, to retain voting shares of Piper Holdings, Inc., and thereby indirectly retain voting shares of The Fountain Trust Company, both of Covington, Indiana. In addition, the Kip White Irrevocable Trust For Stock of Piper Holdings, Inc., Kipling Campbell White and Lucas White, as co-trustees, all of Covington, Indiana; to join the White Family Control Group, to acquire voting shares of Piper Holdings, Inc., and thereby indirectly acquire voting shares of The Fountain Trust Company. Board of Governors of the Federal Reserve System. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–27249 Filed 12–15–22; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM [Docket No. OP–1794] 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 2022 aggregate global indicator SUMMARY: amounts, as required under the Board’s rule regarding risk-based capital surcharges for global systemically important bank holding companies (GSIB surcharge rule). DATES: The 2022 aggregate global indicator amounts are effective December 16, 2022. FOR FURTHER INFORMATION CONTACT: Juan Climent, Assistant Director (202) 872– 7526, Brian Chernoff, Manager (202) 452–2952, Christopher Appel, Lead Financial Institution Policy Analyst, (202) 973–6862, Naima Jefferson, Lead Financial Institution Policy Analyst, (202) 912–4613, or Alexander Jiron, Senior Financial Institution Policy Analyst I, (202) 450–7350, Division of Supervision and Regulation; or Mark Buresh, Special Counsel, (202) 452– 5270, or Jonah Kind, Senior Counsel, (202) 452–2045, Legal Division, Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. For the hearing impaired and users of Telecommunications Device for the Deaf (TDD) and TTY–TRS, please call 711 from any telephone, anywhere in the United States. 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, crossjurisdictional activity, substitutability, and complexity—and subdivided into twelve systemic indicators. 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. A firm that calculates a Method 1 score of 130 basis points or more is identified as a GSIB under the GSIB surcharge rule. The GSIB surcharge for a firm is the higher of the GSIB surcharge determined under Method 1 and a second method, Method 2, which is calculated based on measures of size, interconnectedness, cross-jurisdictional activity, complexity, and the firm’s reliance on short-term wholesale funding.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 amounts as reported by 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 amounts, denominated in euros, each year.3 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.4 Specifically, to determine the 2022 aggregate global indicator amounts, the Board uses the year-end 2021 euro-denominated indicator amounts published by the BCBS and multiplies each of the eurodenominated indicator amounts by 1.1326, the euro to U.S. dollar spot exchange rate on December 31, 2021.5 The aggregate global indicator amounts expressed in U.S. dollars for purposes of the 2022 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 2022 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 ..................................... Substitutability ...................................... lotter on DSK11XQN23PROD with NOTICES1 Aggregate global indicator amount (in USD) Category 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 wholesale funding. In addition, Method 2 is calibrated differently from Method 1. 2 Method VerDate Sep<11>2014 20:05 Dec 15, 2022 Jkt 259001 3 The data used by the Board are available on the BCBS website at https://www.bis.org/bcbs/gsib/ denominators.htm. 4 12 CFR 217.404(b)(1)(i)(B); see also 80 FR 49082, 49086–87 (August 14, 2015). In addition, the Board maintains the GSIB Framework Denominators on its PO 00000 Frm 00064 Fmt 4703 Sfmt 4703 111,533,327,831,520 10,678,025,771,171 11,153,556,096,294 17,488,749,541,061 3,169,043,506,242,536 236,228,379,798,411 9,890,925,779,988 website, available at https://www.federalreserve. gov/bankinforeg/basel/denominators.htm. 5 Foreign exchange rates provided by the BCBS. Available at https://www.bis.org/bcbs/gsib/ denominators/gsib_framework_denominators_ end21_exercise.xlsx. E:\FR\FM\16DEN1.SGM 16DEN1 77121 Federal Register / Vol. 87, No. 241 / Friday, December 16, 2022 / Notices AGGREGATE GLOBAL INDICATOR AMOUNTS IN U.S. DOLLARS (USD) FOR 2022—Continued Systemic indicator Complexity ........................................... Notional amount of over-the-counter (OTC) derivatives ................................... Trading and available-for-sale (AFS) securities ................................................ Level 3 assets ................................................................................................... Cross-jurisdictional claims ................................................................................. Cross-jurisdictional liabilities ............................................................................. 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. By order of the Board of Governors of the Federal Reserve System, acting through the Director of Supervision and Regulation under delegated authority. Ann E. Misback, Secretary of the Board. [FR Doc. 2022–27207 Filed 12–15–22; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company lotter on DSK11XQN23PROD with NOTICES1 Aggregate global indicator amount (in USD) Category 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 applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The public portions of 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(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. 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 Street and Constitution Avenue NW, Washington DC 20551–0001, not later than January 3, 2023. A. Federal Reserve Bank of Kansas City (Jeffrey Imgarten, Assistant Vice VerDate Sep<11>2014 20:05 Dec 15, 2022 Jkt 259001 President) 1 Memorial Drive, Kansas City, Missouri, 64198: 1. The FEATAN Revocable Trust, Thomas A. Holt as trustee and as trustee of the FNB 401(k) Employee Stock Ownership Plan; the Heather A. Eklund Living Trust, Heather A. Eklund as trustee; the Raymond A. Holt Revocable Trust, Raymond A. Holt, trustee, all of Buffalo, Wyoming; the Holt Family Trust, Denise A. Holt, as trustee, Ranchester, Wyoming; and Robert Holt and Lori Holt, both of Littleton, Colorado; to become members of the Holt Family Group, a group acting in concert, to retain voting shares of First National Buffalo Bankshares, Inc., and thereby indirectly retain voting shares of First Northern Bank of Wyoming, both of Buffalo, Wyoming, and First State Bank of Newcastle, Newcastle, Wyoming. B. Federal Reserve Bank of San Francisco (Joseph Cuenco, Assistant Vice President) Financial Institution Formations, Transactions & Enforcement, 101 Market Street, San Francisco, California 94105: 1. Lee Andrew Adams, Kennewick, Washington; to acquire additional voting shares of Coeur d’Alene Bancorp, Inc., and thereby indirectly acquire voting shares of Bankcda, both of Coeur D’Alene, Idaho. Board of Governors of the Federal Reserve System. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–27339 Filed 12–15–22; 8:45 am] BILLING CODE P GENERAL SERVICES ADMINISTRATION [Notice–MRB–2022–06; Docket No. GAPFAC 2022–0001; Sequence No. 2] GSA Acquisition Policy Federal Advisory Committee; Notification of Upcoming Web-Based Public Meeting Office of Government-wide Policy, General Services Administration (GSA). ACTION: Notice. AGENCY: PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 654,401,074,148,984 4,195,914,629,999 706,810,510,301 26,851,595,167,043 23,056,216,512,890 GSA is providing notice of a meeting of the GSA Acquisition Policy Federal Advisory Committee (hereinafter ‘‘the Committee’’ or ‘‘the GAP FAC’’) in accordance with the requirements of the Federal Advisory Committee Act. This meeting will be open to the public. Information on attending and providing written public comment is under the SUPPLEMENTARY INFORMATION section. SUMMARY: The GAP FAC will hold a webbased open public meeting on January 12, 2023, from 1:00 p.m. to 4:30 p.m. Eastern Standard Time (EST). DATES: The meeting will be accessible via webcast. Registrants will receive the webcast information before the meeting. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Boris Arratia, Designated Federal Officer, Office of Government-wide Policy, 703–795–0816, or email: boris.arratia@gsa.gov; or Stephanie Hardison, Office of Government-wide Policy, 202–258–6823, or email: stephanie.hardison@gsa.gov. Additional information about the Committee, including meeting materials and agendas, will be available on-line at https://gsa.gov/policy-regulations/ policy/acquisition-policy/gsaacquisition-policy-federal-advisorycommittee. The Administrator of GSA established the GSA Acquisition Policy Federal Advisory Committee) as a discretionary advisory committee under agency authority in accordance with the provisions of the Federal Advisory Committee Act (FACA), as amended (5 U.S.C. App 2). As America’s buyer, GSA is uniquely positioned to enable a modern, accessible, and streamlined acquisition ecosystem and a robust marketplace connecting buyers to the suppliers and businesses that meet their mission needs. The GAP FAC will assist GSA in this endeavor through expert advice on a broad range of innovative solutions to acquisition policy, workforce, and industry partnership challenges. SUPPLEMENTARY INFORMATION: E:\FR\FM\16DEN1.SGM 16DEN1

Agencies

[Federal Register Volume 87, Number 241 (Friday, December 16, 2022)]
[Notices]
[Pages 77120-77121]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27207]


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FEDERAL RESERVE SYSTEM

[Docket No. OP-1794]


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 2022 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: The 2022 aggregate global indicator amounts are effective 
December 16, 2022.

FOR FURTHER INFORMATION CONTACT: Juan Climent, Assistant Director (202) 
872-7526, Brian Chernoff, Manager (202) 452-2952, Christopher Appel, 
Lead Financial Institution Policy Analyst, (202) 973-6862, Naima 
Jefferson, Lead Financial Institution Policy Analyst, (202) 912-4613, 
or Alexander Jiron, Senior Financial Institution Policy Analyst I, 
(202) 450-7350, Division of Supervision and Regulation; or Mark Buresh, 
Special Counsel, (202) 452-5270, or Jonah Kind, Senior Counsel, (202) 
452-2045, Legal Division, Board of Governors of the Federal Reserve 
System, 20th and C Streets NW, Washington, DC 20551. For the hearing 
impaired and users of Telecommunications Device for the Deaf (TDD) and 
TTY-TRS, please call 711 from any telephone, anywhere in the United 
States.

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.
---------------------------------------------------------------------------

    \1\ See 12 CFR 217.402, 217.404.
---------------------------------------------------------------------------

    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. A 
firm that calculates a Method 1 score of 130 basis points or more is 
identified as a GSIB under the GSIB surcharge rule. The GSIB surcharge 
for a firm is the higher of the GSIB surcharge determined under Method 
1 and a second method, Method 2, which is calculated based on measures 
of size, interconnectedness, cross-jurisdictional activity, complexity, 
and the firm's reliance on short-term wholesale funding.\2\
---------------------------------------------------------------------------

    \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 amounts as 
reported by 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 amounts, denominated in euros, each year.\3\ 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.\4\ Specifically, to determine the 
2022 aggregate global indicator amounts, the Board uses the year-end 
2021 euro-denominated indicator amounts published by the BCBS and 
multiplies each of the euro-denominated indicator amounts by 1.1326, 
the euro to U.S. dollar spot exchange rate on December 31, 2021.\5\
---------------------------------------------------------------------------

    \3\ The data used by the Board are available on the BCBS website 
at https://www.bis.org/bcbs/gsib/denominators.htm.
    \4\ 12 CFR 217.404(b)(1)(i)(B); see also 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.
    \5\ Foreign exchange rates provided by the BCBS. Available at 
https://www.bis.org/bcbs/gsib/denominators/gsib_framework_denominators_end21_exercise.xlsx.
---------------------------------------------------------------------------

    The aggregate global indicator amounts expressed in U.S. dollars 
for purposes of the 2022 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 2022
----------------------------------------------------------------------------------------------------------------
                                                                                             Aggregate global
                    Category                               Systemic indicator              indicator amount (in
                                                                                                   USD)
----------------------------------------------------------------------------------------------------------------
Size...........................................  Total exposures.......................      111,533,327,831,520
Interconnectedness.............................  Intra-financial system assets.........       10,678,025,771,171
                                                 Intra-financial system liabilities....       11,153,556,096,294
                                                 Securities outstanding................       17,488,749,541,061
Substitutability...............................  Payments activity.....................    3,169,043,506,242,536
                                                 Assets under custody..................      236,228,379,798,411
                                                 Underwritten transactions in debt and         9,890,925,779,988
                                                  equity markets.

[[Page 77121]]

 
Complexity.....................................  Notional amount of over-the-counter         654,401,074,148,984
                                                  (OTC) derivatives.
                                                 Trading and available-for-sale (AFS)          4,195,914,629,999
                                                  securities.
                                                 Level 3 assets........................          706,810,510,301
Cross-jurisdictional activity..................  Cross-jurisdictional claims...........       26,851,595,167,043
                                                 Cross-jurisdictional liabilities......       23,056,216,512,890
----------------------------------------------------------------------------------------------------------------

    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.

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Director of Supervision and Regulation 
under delegated authority.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2022-27207 Filed 12-15-22; 8:45 am]
BILLING CODE P
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