Proposed Agency Information Collection Activities; Comment Request, 5297-5305 [2024-01532]
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Federal Register / Vol. 89, No. 18 / Friday, January 26, 2024 / Notices
and served as a signature element of
President Eisenhower’s Atoms for Peace
program. While in service, the NSS
demonstrated the peaceful use of atomic
power as well as the feasibility of
nuclear-powered merchant vessels. NSS
operated in experimental service as a
passenger/cargo ship from 1962 to 1965,
during which time it travelled 90,000
miles, visited 13 countries, and hosted
1.4 million visitors. Following the
successful conclusion of the
experimental phase, the ship entered its
commercial phase in 1965. The ship
was operated as a cargo ship generating
nearly $12,000,000 in revenue between
1965 and 1970, as well as continuing to
serve as a goodwill ambassador for the
peaceful use of nuclear power. After
successfully fulfilling its objectives,
NSS operations were ceased in 1970 and
the ship was deactivated and defueled
in 1971.
Following deactivation, the NSS was
moved to the city of Savannah, GA,
where it was to be part of a proposed
Eisenhower Peace Memorial; however,
the memorial was never established. In
1980, Congress passed Public Law 96–
331, which authorized the Secretary of
Commerce to bareboat charter the ship
to the Patriots Point Development
Authority of South Carolina. The NSS
operated as a museum ship at the
Patriots Point Naval and Maritime
Museum from 1981 through 1994.
During this time, the NSS was listed in
the National Register of Historic Places
(1983) and designated as an NHL (1991)
for exhibiting exceptional value in
illustrating the nuclear, maritime,
transportation, and political heritages of
the United States. Additionally, during
this time the ship was designated an
International Historic Mechanical
Engineering Landmark by the American
Society of Mechanical Engineers (1983)
and a Nuclear Engineering Landmark by
the American Nuclear Society (1991).
Following termination of the charter
in 1994, the NSS returned to MARAD
and was entered into the James River
Reserve Fleet in Virginia. The ship was
removed from the reserve fleet in 2006
and underwent repairs prior to being
relocated in 2008 to Baltimore,
Maryland, where it is currently berthed.
In 2017, funds for decommissioning of
the ship were appropriated. Because the
decommissioning and disposition of the
NSS is an Undertaking under Section
106 of the NHPA, MARAD initiated
consultation in 2018 with the Maryland
SHPO, the ACHP, the NRC, the NPS,
and other consulting parties. Given the
complexities of the Undertaking,
including the yet undetermined
disposition of the NSS, the parties
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agreed to develop a PA to guide the
execution of the Undertaking.
The PA for the Decommissioning and
Disposition of the NSS was executed in
March 2023, and it outlines the process
by which the disposition of NSS will be
considered and executed, concurrent
with the decommissioning project. The
decommissioning process is well
underway, and dismantlement and
removal of the major systems,
structures, and components that were
part of the ship’s nuclear power plant is
complete. As part of the
decommissioning process, MARAD has
made numerous modifications and
improvements to the NSS from 2015
through the present. These
improvements include climate controls,
sanitary spaces, shore power,
mechanical systems, mooring and
access/egress equipment, alarm, and
monitoring systems (fire/smoke,
intrusion, flooding, security cameras),
restored public spaces, office spaces,
and administrative infrastructure.
Typically, the greatest challenge to any
static museum ship effort is the cost
associated with converting or
transforming the ship into a site suitable
and safe for visitors. MARAD has
already made improvements, as listed
above, which may help to defray some
of the initial starting costs for potential
recipients who may be interested in
receiving the ship. Additional details
about the ship’s condition are included
in the attachments posted to the
MARAD docket and website.
The disposition process is sequenced
to reach a conclusion at the same time
that decommissioning ends—effective
with the license termination to allow a
seamless transition to whichever endstate condition is approved. MARAD
anticipates making its disposition
decision no later than the license
termination date with conveyance to
follow three to six months later, after
decommissioning, demobilization, and
vessel redelivery contract actions are
completed.
Privacy Act
Anyone can search the electronic
form of all comments received into any
of our dockets by the name of the
individual submitting the comment (or
signing the comment, if submitted on
behalf of an association, business, labor
union, etc.). For information on DOT’s
compliance with the Privacy Act, please
visit https://www.transportation.gov/
privacy.
(Authority: 49 CFR 1.81 and 1.93; 36 CFR
part 800; 5 U.S.C. 552b.)
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By Order of the Maritime Administrator.
T. Mitchell Hudson, Jr.,
Secretary, Maritime Administration.
[FR Doc. 2024–01502 Filed 1–25–24; 8:45 am]
BILLING CODE 4910–81–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
respondent is not required to respond
to, an information collection unless it
displays a currently valid Office of
Management and Budget (OMB) control
number. The Federal Financial
Institutions Examination Council
(FFIEC), of which the agencies are
members, has approved the agencies’
publication for public comment of a
proposal to extend for three years, with
revision, the Consolidated Reports of
Condition and Income (Call Report)
(FFIEC 031, FFIEC 041, and FFIEC 051),
the Regulatory Capital Reporting for
Institutions Subject to the Advanced
Capital Adequacy Framework (FFIEC
101), and the Market Risk Regulatory
Report for Institutions Subject to the
Market Risk Capital Rule (FFIEC 102),
which are currently approved
collections of information for each
agency. The agencies are requesting
comment on proposed revisions to these
collections related to the agencies’
regulatory capital rule proposal that was
published on September 18, 2023
(proposed capital rule). The reporting
revisions are proposed to be effective as
of the September 30, 2025, report date.
At the end of the comment period for
this notice, the FFIEC and the agencies
will review any comments received to
determine whether to modify the
proposal in response to such comments.
As required by the PRA, the agencies
SUMMARY:
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will then publish a second Federal
Register notice for a 30-day comment
period and submit the final Call Report,
FFIEC 101 and FFIEC 102 to OMB for
review and approval.
DATES: Comments must be submitted on
or before March 26, 2024.
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments,
which should refer to the ‘‘Call Report,
FFIEC 101 and FFIEC 102 Revisions,’’
will be shared among the agencies.
OCC: You may submit comments,
which should refer to ‘‘Call Report,
FFIEC 101 and FFIEC 102 Revisions,’’
by any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, Office
of the Comptroller of the Currency,
Attention: 1557–0081, 1557–0239, and
1557–0325, 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) 293–4835.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0081, 1557–0239, 1557–0325’’ in your
comment. In general, the OCC will
publish comments on www.reginfo.gov
without change, including any business
or personal information provided, such
as name and address information, email
addresses, or phone numbers.
Comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
include any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
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’’ tab
and click on ‘‘Information Collection
Review’’ from the drop-down menu.
From the ‘‘Currently under Review’’
drop-down menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching OMB control number ‘‘1557–
0081’’ or ‘‘1557–0239’’ or ‘‘1557–0325.’’
Upon finding the appropriate
information collection, click on the
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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 ‘‘Call Report,
FFIEC 101 and FFIEC 102 Revisions,’’
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 ‘‘Call Report,
FFIEC 101, and FFIEC 102 Revisions,’’
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 ‘‘Call Report,
FFIEC 101 and FFIEC 102 Revisions,’’
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 ‘‘Call Report, FFIEC 101 and
FFIEC 102 Revisions,’’ in the subject
line of the message.
• Mail: Manuel E. Cabeza, Counsel,
Attn: Comments, Room MB–3128,
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
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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 proposed
revisions to the information collections
discussed in this notice, please contact
any of the agency staff whose names
appear below. In addition, copies of the
report forms and instructions for the
Call Report, FFIEC 101 and FFIEC 102
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.
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:
Table of Contents
I. Affected Reports
A. Call Report (FFIEC 031, FFIEC 041, and
FFIEC 051)
B. FFIEC 101
C. FFIEC 102
II. Current Actions
Recently Proposed Amendments to the
Regulatory Capital Rule for Large
Banking Organizations and Banking
Organizations With Significant Trading
Activity
1. Background
2. Proposed Revisions to the Call Report
3. Proposed Revisions to the FFIEC 101
4. Proposed Revisions to the FFIEC 102
5. Proposed FFIEC 102a
III. Timing
IV. Request for Comment
I. Affected Reports
All of the proposed reporting changes
discussed in this notice affect the Call
Report, FFIEC 101 and FFIEC 102.
A. Call Reports (FFIEC 031, FFIEC 041,
and FFIEC 051)
The agencies propose to extend for
three years, with revision, their
information collections associated with
the FFIEC 031, FFIEC 041, and FFIEC
051 Call Reports.
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Report Title: Consolidated Reports of
Condition and Income (Call Report).
Form Number: FFIEC 031
(Consolidated Reports of Condition and
Income for a Bank with Domestic and
Foreign Offices), FFIEC 041
(Consolidated Reports of Condition and
Income for a Bank with Domestic
Offices Only), and FFIEC 051
(Consolidated Reports of Condition and
Income for a Bank with Domestic
Offices Only and Total Assets Less Than
$5 Billion).
Frequency of Response: Quarterly.
Affected Public: Business or other forprofit.
Type of Review: Revision and
extension of currently approved
collections.
OCC
OMB Control No: 1557–0081.
Estimated Number of Respondents:
1,015 national banks and federal savings
associations.
Estimated Average Burden per
Response: 40.69 burden hours per
quarter to file.
Estimated Total Annual Burden:
165,201 burden hours to file.
Board
OMB Control No.: 7100–0036.
Estimated Number of Respondents:
699 state member banks.
Estimated Average Burden per
Response: 44.13 burden hours per
quarter to file.
Estimated Total Annual Burden:
123,387 burden hours to file.
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FDIC
OMB Control No.: 3064–0052.
Estimated Number of Respondents:
2,990 insured state nonmember banks
and state savings associations.
Estimated Average Burden per
Response: 38.86 burden hours per
quarter to file.
Estimated Total Annual Burden:
464,766 burden hours to file.
The estimated average burden hours
collectively reflect the estimates for the
FFIEC 031, the FFIEC 041, and the
FFIEC 051 reports for each agency.
When the estimates are calculated by
type of report across the agencies, the
estimated average burden hours per
quarter are 84.29 (FFIEC 031), 54.54
(FFIEC 041), and 34.39 (FFIEC 051). The
changes to the Call Report forms and
instructions proposed in this notice
resulted in the following estimated
changes in burden hours per quarter.
For the FFIEC 031 report, the revisions
resulted in an average decrease across
all agencies of approximately 0.24 hours
per quarter; for the FFIEC 041 report,
the revisions resulted in an average
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decrease across all agencies of
approximately 0.06 hours per quarter;
and for the FFIEC 051 report, the
revisions resulted in an average
decrease across all agencies of
approximately 0.01 hours per quarter.
The estimated burden per response for
the quarterly filings of the Call Report
is an average that varies by agency
because of differences in the
composition of the institutions under
each agency’s supervision (e.g., size
distribution of institutions, types of
activities in which they are engaged,
and existence of foreign offices).
Type of Review: Extension for three
years and revision of currently approved
collections. In addition to the proposed
revisions discussed below, Call Reports
are periodically updated to clarify
instructional guidance and correct
grammatical and typographical errors on
the forms and instructions, which are
published on the FFIEC website.1 These
non-substantive updates may also be
commented upon.
Legal Basis and Need for Collections
The Call Report information
collections are mandatory: 12 U.S.C. 161
(national banks), 12 U.S.C. 324 (state
member banks), 12 U.S.C. 1817 (insured
state nonmember commercial and
savings banks), and 12 U.S.C. 1464
(federal and state savings associations).
At present, except for selected data
items and text, these information
collections are not given confidential
treatment.
Banks and savings associations
submit Call Report data to the agencies
each quarter for the agencies’ use in
monitoring the condition, performance,
and risk profile of individual
institutions and the industry as a whole.
Call Report data serve a regulatory or
public policy purpose by assisting the
agencies in fulfilling their shared
missions of ensuring the safety and
soundness of financial institutions and
the financial system and protecting
consumer financial rights, as well as
agency-specific missions affecting
federal and state-chartered institutions,
such as conducting monetary policy,
ensuring financial stability, and
administering federal deposit insurance.
Call Reports are the source of the most
current statistical data available for
identifying areas of focus for on-site and
off-site examinations. Among other
purposes, the agencies use Call Report
data in evaluating institutions’ corporate
applications, including interstate merger
and acquisition applications for which
the agencies are required by law to
1 www.ffiec.gov/forms031.htm; www.ffiec.gov/
forms041.htm;www.ffiec.gov/forms051.htm.
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5299
determine whether the resulting
institution would control more than 10
percent of the total amount of deposits
of insured depository institutions in the
United States. Call Report data also are
used to calculate the risk-based
assessments for insured depository
institutions.
B. FFIEC 101
The agencies propose to extend for
three years, with revision, the FFIEC
101 report.
Report Title: Regulatory Capital
Reporting for Large Banking
Organizations.
Form Number: FFIEC 101.
Frequency of Response: Quarterly.
Affected Public: Business or other forprofit.
Type of Review: Revision and
extension of currently approved
collections.
OCC
OMB Control No.: 1557–0239.
Estimated Number of Respondents: 49
national banks and federal savings
associations.
Estimated Time per Response: 797.35
burden hours one-time for initial set-up
and 437.45 burden hours per quarter to
file ongoing.
Estimated Total Annual Burden:
38,972 burden hours for one-time initial
set-up and 85,733 to file for ongoing.
Board
OMB Control No.: 7100–0319.
Estimated Number of Respondents: 52
state member banks, bank holding
companies, savings and loan holding
companies and intermediate holding
companies.
Estimated Time per Response: 797.35
burden hours one-time for initial set-up
and 437.45 burden hours per quarter to
file ongoing.
Estimated Total Annual Burden:
41,358 burden hours for one-time initial
set-up and 90,982 to file for ongoing.
FDIC
OMB Control No.: 3064–0159.
Estimated Number of Respondents: 9
insured state nonmember bank and state
savings association.
Estimated Time per Response: 797.35
burden hours one-time for initial set-up
and 437.45 burden hours per quarter to
file ongoing.
Estimated Total Annual Burden:
7,158 burden hours for one-time initial
set-up and 15,747 to file for ongoing.
Type of Review: Extension and
revision of currently approved
collections.
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Legal Basis and Need for Collections
Currently, each banking organization
subject to Category I or Category II
standards is required to report quarterly
regulatory capital data and, along with
each top-tier banking organization
subject to Category III standards,2
supplementary leverage ratio
information on the FFIEC 101. Under
this proposal, each banking organization
subject to Category I, II, III or IV
standards would report revised
regulatory capital and supplementary
leverage information. The FFIEC 101
information collections are mandatory
for applicable banking organizations
under the following authorities: 12
U.S.C. 161 (national banks), 12 U.S.C.
324 (state member banks), 12 U.S.C.
1844(c) (bank holding companies), 12
U.S.C. 1467a(b) (savings and loan
holding companies), 12 U.S.C. 1817
(insured state nonmember commercial
and savings banks), 12 U.S.C. 1464
(federal and state savings associations),
and 12 U.S.C. 1844(c), 3106, and 3108
(intermediate holding companies).
Certain data items in this information
collection are given confidential
treatment under 5 U.S.C. 552(b)(4) and
(8).
The agencies use data reported in the
FFIEC 101 to assess and monitor the
levels and components of each reporting
entity’s applicable capital requirements
and the adequacy of the entity’s capital
under the capital rule,3 including the
supplementary leverage ratio, as
applicable; to evaluate the impact of the
capital rule on individual reporting
entities and on an industry-wide basis
and its competitive implications; and to
supplement on-site examination
processes. The reporting schedules
would also assist Category I, Category II,
Category III, and Category IV banking
organizations in understanding
expectations relating to the system
development necessary for
implementation and validation of the
capital rule. Submitted data that are
released publicly would also provide
other interested parties with additional
information about Category I, Category
II, Category III, and Category IV banking
organizations’ regulatory capital.
C. FFIEC 102
The agencies propose to extend for
three years, with revision, the FFIEC
102 report. The proposed revisions
include the addition of a new
confidential report (FFIEC 102a).
2 12 CFR 3.2 (OCC); 12 CFR 217.2 (Board); 12 CFR
324.2 (FDIC).
3 12 CFR part 3, subpart E (OCC); 12 CFR part 217,
subpart E (Board); 12 CFR part 324, subpart E
(FDIC).
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Report Title: Market Risk Regulatory
Report.
Form Number: FFIEC 102.
Frequency of Response: Quarterly.
Affected Public: Business or other forprofit.
OCC
OMB Number: 1557–0325.
Estimated Number of Respondents: 53
national banks and federal savings
associations, 53 (FFIEC 102), 53 (FFIEC
102a).
Estimated Average Time per
Response: 83.55 hours one-time for
initial set-up and 41.77 hours for
ongoing (FFIEC 102); 142.49 hours onetime for initial set-up and 50.83 hours
for ongoing (FFIEC 102a).
Estimated Total Annual Burden:
4,428 hours one-time for initial set-up
and 8,856 for ongoing (FFIEC 102);
7,552 one-time for initial set-up and
10,777 hours for ongoing (FFIEC 102a).
Board
OMB Number: 7100–0365.
Estimated Number of Respondents: 30
state member banks, bank holding
companies, savings and loan holding
companies, and intermediate holding
companies (FFIEC 102), 30 (FFIEC
102a).
Estimated Average Time per
Response: 83.55 hours one-time for
initial set-up and 41.77 hours for
ongoing (FFIEC 102); 142.49 hours onetime for initial set-up and 50.83 hours
for ongoing (FFIEC 102a).
Estimated Total Annual Burden:
2,506 hours one-time for initial set-up
and 5,013 hours for ongoing (FFIEC
102); 4,275 hours one-time for initial
set-up and 6,100 hours for ongoing
(FFIEC 102a).
FDIC
OMB Number: 3064–0199.
Estimated Number of Respondents: 9
insured state nonmember bank and state
savings association (FFIEC 102); 9
(FFIEC 102a).
Estimated Average Time per
Response: 83.55 hours one-time for
initial set-up and 41.77 hours for
ongoing (FFIEC 102); 142.49 hours onetime for initial set-up and 50.83 hours
for ongoing (FFIEC 102a).
Estimated Total Annual Burden: 752
hours one-time for initial set-up and
1,504 hours for ongoing (FFIEC 102);
1,282 hours one-time for initial set-up
and 1,830 hours for ongoing (FFIEC
102a).
Type of Review: Revision and
extension of currently approved
collections.
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Legal Basis and Need for Collection
Currently, a banking organization
with aggregate trading assets and trading
liabilities that, as of the most recent
calendar quarter, equal to $1 billion or
more, or 10 percent or more of the
banking organization’s total
consolidated assets (market risk
institutions), is required to calculate
market risk capital requirements under
subpart F of the agencies’ capital rule 4
and submit the FFIEC 102 report. Under
this proposal, and consistent with the
agencies’ proposed changes to the
definition of market risk institutions,
any holding company subject to
Category I, Category II, Category III, or
Category IV standards or any subsidiary
thereof, if the subsidiary engaged in any
trading activity over any of the four
most recent quarters, would submit the
FFIEC 102. Additionally, a banking
organization with average aggregate
trading assets and trading liabilities
(excluding customer and proprietary
broker-dealer reserve bank accounts)
over the previous four calendar quarters
equal to $5 billion or more, or equal to
10 percent or more of total consolidated
assets would also submit the report. The
quarterly FFIEC 102 information
collection is mandatory for market risk
institutions under the following
authorities: 12 U.S.C. 161 (national
banks), 12 U.S.C. 324 (state member
banks), 12 U.S.C. 1844(c) (bank holding
companies), 12 U.S.C. 1467a (b) (savings
and loan holding companies), 12 U.S.C.
5365 (U.S. intermediate holding
companies), 12 U.S.C. 1817 (insured
state nonmember commercial and
savings banks), and 12 U.S.C. 1464
(savings associations).
The FFIEC 102 is filed quarterly with
the agencies and provides information
for market risk institutions. Each market
risk institution is required to file the
FFIEC 102 for the agencies’ use in
assessing the accuracy of the
institution’s calculation of its minimum
capital requirements under the capital
rule and in evaluating the institution’s
capital in relation to its risks.
Additionally, the market risk
information collected in the FFIEC 102:
(a) permits the agencies to monitor the
market risk profile of, and evaluate the
impact and competitive implications of,
the capital rule on individual market
risk institutions and the industry as a
whole; (b) provides the most current
statistical data available to identify areas
4 12 CFR 3.201 (OCC); 12 CFR 217.201 (Board);
and 12 CFR 324.201 (FDIC). Currently, the market
risk framework of the capital rule generally applies
to any banking institution with aggregate trading
assets and trading liabilities equal to (a) 10 percent
or more of quarter-end total assets or (b) $1 billion
or more.
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of market risk on which to focus for onsite and off-site examinations; (c) allows
the agencies to assess and monitor the
levels and components of each reporting
institution’s risk-based capital
requirements for market risk and the
adequacy of the institution’s capital
under the capital rule; and (d) assists
market risk institutions in validating
their implementation of the market risk
framework.
As described in Section II of this
SUPPLEMENTARY INFORMATION, the
agencies are proposing to expand the
data collection by creating the FFIEC
102a, Supervisory Market Risk
Regulatory Report. This new form
would collect information necessary for
the agencies to evaluate a market risk
institution’s implementation of the
market risk rule and validate a banking
organization’s internal models used in
preparing the FFIEC 102.
Confidentiality
The current FFIEC 102 information
collections are not given confidential
treatment. The agencies are not
proposing to provide confidential
treatment under the revised collection,
other than with respect to data collected
under the proposed new Supervisory
Market Risk Regulatory Report (FFIEC
102a). The data proposed to be collected
on the Supervisory Market Risk
Regulatory Report would include
financial information used for the
agencies’ supervisory purposes that is
not normally disclosed by the
respondent organizations. This
information could reveal trade secrets or
cause significant competitive harm to
the respondent organizations if
disclosed. Therefore, the data collected
on the Supervisory Market Risk
Regulatory Report would be kept
confidential by the agencies under 5
U.S.C. 552(b)(4) and (8).
II. Current Actions
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Recently Proposed Amendments to the
Regulatory Capital Rule for Large
Banking Organizations and Banking
Organizations With Significant Trading
Activity
1. Background
On September 18, 2023, the agencies
published in the Federal Register a
proposed rule 5 to revise the risk-based
capital requirements for large banking
organizations. The proposed changes to
regulatory capital requirements apply to
banking organizations subject to
Category I, Category II, Category III, or
Category IV standards and to banking
organizations with significant trading
5 88
FR 64028 (September 18, 2023).
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activities, all as defined in the proposed
rule. The modifications to the capital
rule would result in reporting changes
that affect the Call Report, FFIEC 101,
and FFIEC 102.
2. Proposed Revisions to the Call Report
The agencies are proposing to revise
the Call Report forms and instructions
to align with the proposed capital rule.
The general instructions for each
version of the Call Report (FFIEC 031,
FFIEC 041, and FFIEC 051) would be
revised to require each bank subject to
the expanded risk-based approach
under the proposed capital rule to file
the FFIEC 031. The agencies also
propose to revise the FFIEC 031
Schedule RC–R, Part I, Regulatory
Capital Components and Ratios, to align
the calculation of regulatory capital for
institutions subject to Category III and
IV standards with the calculation used
for institutions subject to Category I and
II standards, subject to certain transition
provisions for components of
Accumulated Other Comprehensive
Income (AOCI) in the proposed capital
rule. To identify Category III and IV
institutions subject to the transition
requirements, the agencies propose to
add a new response option (‘‘2’’ for
‘‘Phase-out’’) for item 3.a ‘‘AOCI opt-out
election’’ on the FFIEC 031, Schedule
RC–R, Part I, to be used by these
institutions. The general instructions
and certain item instructions to the
FFIEC 031, Schedule RC–R, Part II, RiskWeighted Assets, also would be revised
to reflect AOCI transition requirements
in the proposed capital rule, as
applicable.
Due to the expiration of certain
transition periods in the agencies’
existing regulatory capital rule, the
agencies are proposing to remove from
Schedule RC–R, Part I, item 21, ‘‘Nonqualifying capital instruments subject to
phase-out from additional tier 1 capital’’
and item 40, ‘‘Non-qualifying capital
instruments subject to phase-out from
tier 2 capital’’ from all versions of the
Call Report. Because the calculation of
tier 2 capital under the expanded
risked-based approach would differ
from the calculation of tier 2 capital
under the existing advanced approaches
rule, the agencies propose to replace
FFIEC 031 Schedule RC–R, Part I, item
42.b, ‘‘(Advanced approaches
institutions that exit parallel run only):
Eligible credit reserves includable in tier
2 capital’’ with ‘‘Adjusted allowances
for credit losses (AACL) includable in
tier 2 capital (for institutions subject to
the expanded risk-based approach)’’ and
revise certain subtotals on FFIEC 031,
Schedule RC–R, Part I, that use this
item.
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Finally, the agencies are proposing
changes to certain definitions and
terminology in the forms and
instructions consistent with the
proposed capital rule, including
revising terminology for advanced
approaches capital under the existing
rule to reflect the proposed expanded
risk-based approach and the scope of
banking organizations using the
standardized approach for counterparty
credit risk (SA–CCR). Further details of
the revisions described above can be
found in the proposed revised FFIEC
031, FFIEC 041, and FFIEC 051 forms
and instructions, which have been
posted to the FFIEC website.6
3. Proposed Revisions to FFIEC 101
The agencies are proposing to revise
the FFIEC 101 forms and instructions to
align with the proposed capital rule.
Specifically, to incorporate the reporting
revisions applicable to the proposed
capital rule, the agencies are proposing
to revise the FFIEC 101 general
instructions to scope in Category III 7
and IV banking organizations in the
reporting criteria, rename and modify
Schedule A to update nomenclature in
connection with the proposed capital
rule revisions, remove Schedule B
through Schedule S of the current FFIEC
101 report, and add new schedules as
described below. To maintain
consistency with the proposed capital
rule, the agencies are also proposing to
revise the title of the FFIEC 101 report
from ‘‘Regulatory Capital Reporting for
Institutions Subject to the Advanced
Capital Adequacy Framework’’ to
‘‘Regulatory Capital Reporting for Large
Banking Organizations.’’ The reporting
modifications would enhance
comparability of the FFIEC 101 to
relevant parts of the Basel Framework
disclosure standard, which would
increase comparability of
internationally active banks. The
proposed FFIEC 101 revisions aim to
promote market discipline through
regulatory disclosure requirements.
The agencies are requesting comment
on whether there should be any further
changes to the report form items or
instructions developed by the agencies
consistent with the proposed capital
rule.
Under the proposal, reporting
institutions would continue to report
Schedule A, which would be renamed
to Schedule RCCR, Regulatory Capital
Components and Ratios, and revised to
align with the requirements of the
6 https://www.ffiec.gov/ffiec_report_forms.htm.
7 Top-tier Category III banking organizations are
currently only required to file the SLR Tables 1 and
2.
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proposed capital rule. First, the agencies
are proposing to revise this schedule to
remove the concept of eligible credit
reserves and parallel run from the report
form and instructions, and rename
existing item 12, ‘‘Expected credit loss
that exceeds eligible credit reserves’’ to
‘‘AOCI transition adjustment amount
(for Category III and IV institutions
only)’’ as the item would no longer be
applicable. Category III and IV
institutions would report AOCI
transition amounts in item 12 during the
transitional period. In addition, the
agencies are proposing to replace item
50, ‘‘Eligible credit reserve includable in
tier 2 capital,’’ with ‘‘Adjusted
allowances for credit losses (AACL)
includable in tier 2 capital’’ under the
expanded risk-based approach and
clarify the instructions for item 27.
These changes would also result in the
deletions of items 77 through 90, which
would no longer be needed.
As a result of the new expanded risk
based-approach framework for
calculating risk-weighted assets under
the proposed capital rule, the agencies
are proposing to update item 60, ‘‘Total
risk-weighted assets (RWA),’’ to
‘‘Expanded total risk-weighted assets
(accounting for transition provisions),’’
and reflect for Category I, II, III and IV
banking organizations a three-year
transitional period to phase-in
expanded total risk-weighted assets. To
implement changes under the proposed
capital rule that would require Category
III and IV banking organizations to use
the standardized approach for
counterparty credit risk (SA–CCR) for
derivatives exposures for purposes of
the supplementary leverage ratio (SLR),
the agencies are proposing to remove
references to the current exposure
methodology from instructions related
to reporting the SLR. Consistent with
the proposed capital rule, the agencies
are also proposing to update the
instructions to require all banking
organizations that report the FFIEC 101
to report the SLR tables. To reflect the
addition of a new 40 percent credit
conversion factor (CCF) for
unconditionally cancelable
commitments under the proposed
capital rule, the agencies propose to
revise the SLR Table 2 instructions to
align with the change. In addition,
certain items related to the reporting of
regulatory capital buffer requirements
would be amended to reflect the
proposed capital rule. Items 4, 33, 35,
47, and 49 in current Schedule A related
to transition periods in the regulatory
capital rule that have expired and are no
longer applicable are proposed to be
eliminated. Additionally, the agencies
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added granularity to the items relating
to derivative transactions in SLR Table
2. This granularity provides a breakout
of derivative transactions that involve
commercial end-users and
counterparties other than commercial
end-users.
Current Schedules B through S would
be removed, and institutions would be
required to report risk-weighted asset
and exposure information in new
schedules described below. The new
FFIEC 101 schedules would be as
follows.
1. Schedule OV1: Overview of
Expanded Total Risk-Weighted Assets.
The purpose of this schedule is to
provide an overview of expanded total
risk-weighted assets (RWA) forming the
denominator of the risk-based capital
requirements. On this schedule,
reporting institutions would report
summary amounts of risk-weighted
assets reported in detail on other FFIEC
101 schedules.
2. Schedule CR1: General Credit Risk
Exposures and Credit Risk Mitigation
(CRM) Effects. The purpose of this
schedule is to illustrate the effect of
CRM on capital requirement
calculations under the proposed
expanded risk-based approach for credit
risk in the agencies’ capital rule. On this
schedule, institutions would report onbalance sheet and off-balance sheet
credit risk exposures, the adjusted
amounts of those credit risk exposures
reflecting credit risk mitigants, and the
corresponding risk-weighted assets and
risk-weighted asset density.
3. Schedule CR2: Credit Risk
Mitigation Techniques. The purpose of
this schedule is to present the quantity
of exposures under the expanded riskbased approach where CRM is
applicable, and the amount of CRM
attributed to each general type of credit
risk mitigant. On this schedule,
reporting institutions would report
amounts of exposures that are
unsecured, the amounts that are
secured, and the quantity of those
secured exposures that are secured by
collateral, by eligible guarantees, and by
eligible credit derivatives.
4. Schedule CR3: Credit Risk
Exposures by Exposure Categories and
Risk Weights. The purpose of this
schedule is to present the breakdown of
credit risk exposures by category and
then by the applicable risk weight under
the expanded risk-based approach. On
this schedule, institutions would report
the amounts of exposures by asset class,
differentiated by the applicable risk
weights for each asset class. For offbalance sheet exposures, the applicable
credit conversion factor (CCF) would be
applied first before the applicable risk
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weight. Total credit risk-weighted assets
under the expanded risk-based
approach would reflect the aggregate
total exposures for each asset class after
risk weights and, if applicable, credit
conversion factors are applied to the
exposure amounts.
5. Schedule CCR: Counterparty Credit
Risk Exposures and Risk Weights. The
purpose of this schedule is to provide a
breakdown of counterparty credit risk
exposures calculated according to the
standardized approach by type of
counterparties and by risk weight.
6. Schedule SEC1: Securitization
Exposures Subject to Subpart E of the
Capital Rule. The purpose of this
schedule is to present a reporting
institution’s securitization exposures
subject to the credit risk-based capital
framework. On this schedule,
institutions would report the details of
traditional and synthetic retail and
wholesale securitization exposures
subject to the credit risk-based capital
framework.
7. Schedule SEC2: Securitization
Exposures Subject to Subpart F of the
Capital Rule. The purpose of this
schedule is to present a reporting
institution’s securitization exposures
subject to the market risk capital
framework. On this schedule,
institutions would report the details of
traditional and synthetic retail and
wholesale securitization exposures
subject to the market risk capital
framework.
8. Schedule SEC3: Securitization
Exposures and Capital Requirements
under Subpart E—Reporting Institution
Acting as Originator/Sponsor. The
purpose of this schedule is to present
securitization exposures where the
reporting institution acts as originator or
sponsor subject to the credit risk-based
capital framework and the associated
capital requirements. On this schedule,
institutions would report details of
traditional and synthetic securitization
exposure values and risk-weighted
assets by risk weights and regulatory
approach when the reporting institution
acts as an originator or sponsor.
9. Schedule SEC4: Securitization
Exposures and Capital Requirements
under Subpart E—Reporting Institution
Acting as Investor. The purpose of this
schedule is to present securitization
exposures where the reporting
institution acts as investor subject to the
credit risk-based capital framework and
the associated capital requirements. On
this schedule, reporting institutions
would report details of traditional and
synthetic securitization exposure values
and risk-weighted assets by risk weights
and regulatory approach when the
reporting institution acts as an investor.
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10. Schedule CVA: Basic and
Standardized Measures for Credit
Valuation Adjustment (CVA) Risk. The
purpose of this schedule is to provide
the components used for the
computation of risk-weighted assets
under the basic approach and the
standardized approach for CVA risk. On
this schedule, institutions would report
CVA risk-related elements, riskweighted assets, and associated capital
requirement amounts.
11. Schedule EQ: Risk-Weighted
Assets for Equity Exposures. This
schedule would collect information
regarding equity exposures under the
expanded simple risk-weight approach
(ESRWA) and under the look-through
approaches by exposures type and risk
weight.
12. Schedule OR1: Historical
Operational Losses. The purpose of this
schedule is to disclose total annual
operational losses incurred over the past
ten years, based on the accounting date
of the incurred losses, to inform the
operational risk capital calculation. On
this schedule, reporting institutions
would report items related to total
amounts of operational losses and total
numbers of operational loss events over
the past ten years.
13. Schedule OR2: Business Indicator
and Subcomponents. The purpose of
this schedule is to disclose the business
indicator (BI) and its subcomponents,
which inform the operational risk
capital calculation. On this schedule,
institutions would report BI related
items such as the interest, lease, and
dividend component, the services
component, and the financial
component.
14. Schedule OR3: Minimum
Required Operational Risk Capital. The
purpose of this schedule is to report
operational risk regulatory capital
requirements. On this schedule,
institutions would report operational
risk minimum regulatory capital
requirement calculation items such as
the business indicator component, the
internal loss multiplier, and operational
risk risk-weighted assets.
15. Optional Narrative: The purpose
of this schedule is for institutions to
provide a brief narrative statement to
supplement data reported in the
Regulatory Capital Reporting for Large
Banking Organizations.
Further details of the revisions
described above can be found in the
proposed revised FFIEC 101 form and
instructions, which have been posted to
the FFIEC website.8
8 www.ffiec.gov/forms101.htm.
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4. Proposed Revisions to the FFIEC 102
The agencies propose to amend the
FFIEC 102 forms and instructions so
that relevant reporting requirements are
aligned with the capital proposal.9
Consistent with the scope changes for
applicability of the market risk capital
requirements in the proposed capital
rule, the agencies are proposing to
revise the reporting criteria for FFIEC
102 to apply to banking organizations
subject to Category I, Category II,
Category III, or Category IV standards
and to banking organizations with
significant trading activity. As defined
in the proposed capital rule, a banking
organization with significant trading
activity would be any banking
organization with average aggregate
trading assets and trading liabilities,
excluding customer and proprietary
broker-dealer reserve bank accounts,
equal to $5 billion or more, or equal to
10 percent or more of total consolidated
assets at quarter end as reported on the
most recent quarterly regulatory report.
The agencies intend to conform the
scope of proposed reporting under the
capital rule only to those institutions
that are within the scope of the
proposed capital rule.
To maintain consistency with the
proposed capital rule and simplify the
report title, the agencies are also
proposing to revise the title of the FFIEC
102 report from ‘‘Market Risk
Regulatory Report for Institutions
Subject to the Market Risk Capital Rule’’
to ‘‘Market Risk Capital Report.’’
Additionally, to implement the new
market risk capital requirements
framework in the proposed capital rule,
the agencies propose to remove the
current data collected on FFIEC 102,
and to add new data collection for an
institution’s standardized measure for
market risk and the models-based
measure for market risk, if applicable.
Under the proposal, the revised FFIEC
102 would be subdivided into four
sections: Part I, Standardized capital
requirements for market risk; Part II,
Models-based capital requirements for
market risk; Part III, Market riskweighted assets; and Part IV,
Memoranda, as described below.
Part I, Standardized capital
requirements for market risk, would
include data items for calculating the
standardized measure for market risk,
which would be the default
methodology for calculating market risk
capital requirements for all banking
9 All of the terms and concepts listed in this
section are described in detail in the proposed
capital rule. Commenters should refer to the
proposed capital rule when commenting on the
associated proposed reporting revisions.
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organizations subject to market risk
capital requirements. It would collect
data for the sensitivities-based method
capital requirement, the standardized
default risk capital requirement, and the
residual risk add-on components.
Furthermore, items related to the three
additional components for standardized
measure for market risk that would
apply in limited instances to specific
positions would be collected for: (1) a
capital add-on for re-designations; (2)
other capital add-ons established by the
primary Federal supervisor, and (3) a
fallback capital requirement.
Part II, Models-based capital
requirement for market risk, would
contain the core components data
elements for the models-based measure
for market risk, which consists of (1) the
internal models approach capital
requirements for model-eligible trading
desks; (2) the additional capital
requirement applied to model-eligible
trading desks with shortcomings in the
internal models used for determining
risk-based capital requirements in the
form of a profit and loss attribution
(PLA) add-on, if applicable; and (3) the
standardized approach capital
requirements for model-ineligible
trading desks. The internal models
approach capital requirements for
model-eligible trading desks would
itself consist of four components: (1) the
capital measure for non-modellable risk
factors, (2) capital measure for nonmodellable risk factors (stressed
expected shortfall), (3) the standardized
default risk capital requirement, and (4)
capital multiplier. Specifically, an
institution would report in this section
its unconstrained and constrained
expected shortfall for relevant risk
classes, capital requirements for
modellable and non-modellable risk
factors, standardized default risk capital
requirement, PLA add-on, capital
multiplier, capital requirement for
model-eligible trading desks, and capital
add-ons among other relevant data for
calculating the models-based measure
for market risk.
Part III, Market risk-weighted assets,
would collect data items for the
standardized market risk-weighted
assets and the models-based market
risk-weighted assets.
Lastly, Part IV, Memoranda, would be
added to the FFIEC 102 for all market
risk institutions to report total
sensitivities-based method capital
requirement under high, medium, and
low correlation scenarios and total
notional amount of market risk covered
positions. The proposed sub-items of
these notional amounts include the
following: foreign exchange positions,
commodity positions, net short credit
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positions, net short equity positions,
customer and proprietary broker-dealer
reserve bank accounts, and other market
risk covered positions.
The proposed reporting requirements
described above would provide
meaningful disclosure without requiring
disclosure of proprietary information.
The reports would enable the federal
supervisors to monitor a banking
organization’s risk profile related to
market risk and identify changes in the
risk profile that would pose risks to the
financial system. These revised
disclosure requirements are designed to
increase transparency and complement
the supervisory review process by
encouraging market discipline through
enhanced and meaningful public
disclosure. The agencies intend for
these proposed disclosure requirements
to strike an appropriate balance between
the supervisory and market benefits of
reporting and the additional burden to
a banking organization that would be
required to provide disclosures.
5. Proposed FFIEC 102a
In addition to the revisions described
above, the agencies propose to add a
separate Supervisory Market Risk
Regulatory Report (FFIEC 102a) that
would function as a companion to the
FFIEC 102 report in implementing the
proposed capital rule’s revised market
risk framework. The proposed
Supervisory Market Risk Regulatory
Report would be collected on a
quarterly basis, would be confidential,
and would apply only to banking
organizations that calculate market risk
capital requirements under the modelsbased measure for market risk. Under
the proposal, the FFIEC 102a would be
subdivided into three sections. The first
section, Part 1, General Information,
would collect general information for a
banking organization’s trading desk(s)
such as the number of regulator
approved trading desks and number of
regulator approved notional trading
desks. It would also include data on the
organizational structure of the trading
desk such as trading desks identifier,
trading desk name, organization unit
identifier, and the asset class for each
trading desk provided by the asset class
that gives rise to the trading desk’s
greatest aggregate market risk exposure
as of the submission date.
The second section, Part 2, Aggregate
Trading Portfolio Backtesting, would
collect aggregate level data for model
eligible trading desk that includes the
market value of total trading assets,
market value of total trading liabilities,
and data related to the number of value
at risk (VaR) backtesting exceptions
during the quarter. This part would also
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include data on the daily VaR-based
measures calibrated to the 99.0th
percentile; the daily expected shortfall
(ES) based measure calibrated at the
97.5th percentile; liquidity horizonadjusted ES-based measures; the actual
profit and loss; the hypothetical profit
and loss; and the p-value of the profit
or loss for each day. The third section,
Part 3, Backtesting and PLA Testing for
Model-Eligible Trading Desks, would be
reported at the trading desk level. The
data in this section would include
general information related to the
trading desk such as the name, unique
identifier for the trading desk,
description of the trading desk,
authorized products for the trading
desk, main product types, and several
questions about the trading desk. In
addition, it would include data on the
daily VaR-based measure for the trading
desk calibrated at both the 99.0th and
97.5th percentile; the capital measure
for non-modellable risk factors; the
daily ES-based measure calibrated at the
97.5th percentile; the actual profit and
loss; the hypothetical profit and loss;
the risk-theoretical profit and loss; and
the p-values of the profit or loss for each
day.
The proposed reporting requirements
would enable the agencies to identify
changes to the risk profiles of banking
organizations that use the models-based
approach for market risk. Specifically,
the collection of backtesting and PLA
data included in the proposed reports
would enable the agencies to determine
the validity of a banking organization’s
internal models, and whether these
models accurately account for the risk
associated with exposure to price
movements, changes in market
structure, or market events that affect
specific assets. If the agencies find these
models not able to sufficiently capture
market risks in these positions, under
the proposed capital rule, the banking
organization must then use the
standardized approach for calculating
its market risk capital requirements,
thereby preventing divergence between
a banking organization’s risk profile and
its capital position. The FFIEC 102a
report would be filed 20 days after the
end of each quarter. The proposed
submission date is intended to provide
the agencies with sufficient time to
review the data and make a
determination pursuant to the proposed
capital rule as to whether a trading desk
is eligible to use the internal models
approach prior to the due date of the
banking organization’s other quarterly
reports, including the FFIEC 102 and
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Call Report or FR Y–9C.10 In the event
that this review results in a change to a
trading desk’s eligibility, the banking
organization would be able to make any
necessary adjustments before the
submission of its FFIEC 102 and Call
Report or FR Y–9C, rather than having
to revise and resubmit these reports.
Furthermore, because the proposal
requires a banking organization to
calculate the data provided in the
proposed report on a daily basis, the 20day timeframe for submission is not
expected to impose significantly
increased compliance burden.
Further details of all the revisions
described above can be found in the
proposed Supervisory Market Risk
Regulatory Report form and
instructions, available on the FFIEC’s
website.11
III. Timing
The agencies propose to make the
reporting changes to the Call Report,
FFIEC 101, and FFIEC 102 (including its
new sub-report the FFIEC 102a)
effective for the third quarter of 2025
(September 30, 2025), consistent with
the proposed July 1, 2025, effective date
for the proposed capital rule. The
agencies invite comment on any
difficulties that institutions would
expect to encounter in implementing
the systems changes necessary to
accommodate the proposed revisions to
the Call Report, FFIEC 101, or FFIEC
102/102a, or the minimum time
required to make systems changes to
implement these changes. The specific
wording of the captions for the new or
revised data items discussed in this
proposal and the numbering of these
data items should be regarded as
preliminary. If modifications are made
to the proposed capital rule in an
associated final rule, the agencies would
modify the information collection
revisions in this proposal to incorporate
such changes, as applicable.
IV. Request for Comment
Public comment is requested on all
aspects of this joint notice. Comment is
specifically invited on:
(a) Whether the proposed revisions to
the collections of information that are
the subject of this notice 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
10 The Call Report (for banks) is due 30 or 35 days
after quarter end, while the FR Y–9C (for holding
companies) generally is due 40 days after quarter
end. The FFIEC 102 is due at the same time as the
Call Report or FR Y–9C.
11 www.ffiec.gov/forms102.htm.
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information collections as they are
proposed to be revised, including the
validity of the methodology and
assumptions used;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
information collections on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Comments submitted in response to
this joint notice will be shared among
the agencies. At the end of the comment
period for this notice, the FFIEC and the
agencies will review any comments
received to determine whether to
modify the proposal in response to such
comments.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on January 18,
2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024–01532 Filed 1–25–24; 8:45 am]
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Actions
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of two persons and four vessels that
have been placed on OFAC’s Specially
Designated Nationals and Blocked
Persons List (SDN List) based on
OFAC’s determination that one or more
applicable legal criteria were satisfied.
All property and interests in property
subject to U.S. jurisdiction of these
persons and these vessels are blocked,
and U.S. persons are generally
prohibited from engaging in transactions
with them.
DATES: See SUPPLEMENTARY INFORMATION
section for applicable date(s).
lotter on DSK11XQN23PROD with NOTICES1
VerDate Sep<11>2014
18:02 Jan 25, 2024
Jkt 262001
OFAC: Bradley Smith, Director, tel.:
202–622–2490; Associate Director for
Global Targeting, tel.: 202–622–2420;
Assistant Director for Licensing, tel.:
202–622–2480; Assistant Director for
Regulatory Affairs, tel.: 202–622–4855;
or Assistant Director Compliance, tel.:
202–622–2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The SDN List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (https://www.treasury.gov/ofac).
Notice of OFAC Action(s)
On January 12, 2024, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following persons
and the following vessels subject to U.S.
jurisdiction are blocked under the
relevant sanctions authority listed
below.
Entities
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
1. GLOBAL TECH MARINE SERVICES
INC, Trust Company Complex, Ajeltake
Road, Majuro, Ajeltake Island 96960,
Marshall Islands; 8th Floor, Arenco Tower,
Sheikh Zayed Road, Dubai, United Arab
Emirates; Secondary sanctions risk: section
1(b) of Executive Order 13224, as amended
by Executive Order 13886; Organization
Established Date 15 Dec 2020; Identification
Number IMO 6197743; Business Registration
Number 107145 (Marshall Islands) [SDGT]
(Linked To: AL–JAMAL, Sa’id Ahmad
Muhammad).
Designated pursuant to section 1(a)(iii)(C)
of Executive Order 13224 of September 23,
2001, ‘‘Blocking Property and Prohibiting
Transactions With Persons Who Commit,
Threaten to Commit, or Support Terrorism’’
(E.O. 13224), 3 CFR, 2019 Comp., p. 356., as
amended by Executive Order 13886 of
September 9, 2019, ‘‘Modernizing Sanctions
To Combat Terrorism,’’ 84 FR 48041 (E.O.
13224, as amended) for having materially
assisted, sponsored, or provided financial,
material, or technological support for, or
goods or services to or in support of, SA’ID
AL–JAMAL (AL–JAMAL), a person whose
property and interests in property are
blocked pursuant to E.O. 13224, as amended.
2. CIELO MARITIME LTD (a.k.a. CIELO
MARITIME LIMITED), Room 6, 17th Floor,
Wellborne Commercial Centre, 8, Java Road,
North Point, Hong Kong, China; Secondary
sanctions risk: section 1(b) of Executive
Order 13224, as amended by Executive Order
13886; Organization Established Date 28 May
2023; Identification Number IMO 6410134;
Registration Number 75354250 (Hong Kong)
[SDGT] (Linked To: AL–JAMAL, Sa’id
Ahmad Muhammad).
Designated pursuant to section 1(a)(iii)(C)
of E.O. 13224, as amended, for having
materially assisted, sponsored, or provided
financial, material, or technological support
for, or goods or services to or in support of,
PO 00000
Frm 00106
Fmt 4703
Sfmt 4703
5305
AL–JAMAL, a person whose property and
interests in property are blocked pursuant to
E.O. 13224, as amended.
Vessels
1. FORTUNE GALAXY (3E2520) Crude Oil
Tanker Panama flag; Secondary sanctions
risk: section 1(b) of Executive Order 13224,
as amended by Executive Order 13886;
Vessel Registration Identification IMO
9257010; MMSI 352001505 (vessel) [SDGT]
(Linked To: GLOBAL TECH MARINE
SERVICES INC).
Identified pursuant to E.O. 13224, as
amended, as property in which GLOBAL
TECH MARINE SERVICES INC, a person
whose property and interests in property are
blocked pursuant to E.O. 13224, as amended,
has an interest.
2. MOLECULE (TJMC241) Crude Oil
Tanker Cameroon flag; Secondary sanctions
risk: section 1(b) of Executive Order 13224,
as amended by Executive Order 13886;
Vessel Registration Identification IMO
9209300; MMSI 613003214 (vessel) [SDGT]
(Linked To: GLOBAL TECH MARINE
SERVICES INC).
Identified pursuant to E.O. 13224, as
amended, as property in which GLOBAL
TECH MARINE SERVICES INC, a person
whose property and interests in property are
blocked pursuant to E.O. 13224, as amended,
has an interest.
3. SINCERE 02 (3E4733) Oil Products
Tanker Kiribati flag; Secondary sanctions
risk: section 1(b) of Executive Order 13224,
as amended by Executive Order 13886;
Vessel Registration Identification IMO
9226011; MMSI 352002984 (vessel) [SDGT]
(Linked To: GLOBAL TECH MARINE
SERVICES INC).
Identified pursuant to E.O. 13224, as
amended, as property in which GLOBAL
TECH MARINE SERVICES INC, a person
whose property and interests in property are
blocked pursuant to E.O. 13224, as amended,
has an interest.
4. MEHLE (3E3893) Crude Oil Tanker
Panama flag; Secondary sanctions risk:
section 1(b) of Executive Order 13224, as
amended by Executive Order 13886; Vessel
Registration Identification IMO 9191711;
MMSI 352002537 (vessel) [SDGT] (Linked
To: CIELO MARITIME LTD).
Identified pursuant to E.O. 13224, as
amended, as property in which CIELO
MARITIME LTD, a person whose property
and interests in property are blocked
pursuant to E.O. 13224, as amended, has an
interest.
Dated: January 18, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2024–01556 Filed 1–25–24; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Privacy Act of 1974; System of
Records
Departmental Offices,
Department of the Treasury.
AGENCY:
E:\FR\FM\26JAN1.SGM
26JAN1
]]>Agencies
[Federal Register Volume 89, Number 18 (Friday, January 26, 2024)]
[Notices]
[Pages 5297-5305]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01532]
=======================================================================
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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.
-----------------------------------------------------------------------
SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may
not conduct or sponsor, and the respondent is not required to respond
to, an information collection unless it displays a currently valid
Office of Management and Budget (OMB) control number. The Federal
Financial Institutions Examination Council (FFIEC), of which the
agencies are members, has approved the agencies' publication for public
comment of a proposal to extend for three years, with revision, the
Consolidated Reports of Condition and Income (Call Report) (FFIEC 031,
FFIEC 041, and FFIEC 051), the Regulatory Capital Reporting for
Institutions Subject to the Advanced Capital Adequacy Framework (FFIEC
101), and the Market Risk Regulatory Report for Institutions Subject to
the Market Risk Capital Rule (FFIEC 102), which are currently approved
collections of information for each agency. The agencies are requesting
comment on proposed revisions to these collections related to the
agencies' regulatory capital rule proposal that was published on
September 18, 2023 (proposed capital rule). The reporting revisions are
proposed to be effective as of the September 30, 2025, report date. At
the end of the comment period for this notice, the FFIEC and the
agencies will review any comments received to determine whether to
modify the proposal in response to such comments. As required by the
PRA, the agencies
[[Page 5298]]
will then publish a second Federal Register notice for a 30-day comment
period and submit the final Call Report, FFIEC 101 and FFIEC 102 to OMB
for review and approval.
DATES: Comments must be submitted on or before March 26, 2024.
ADDRESSES: Interested parties are invited to submit written comments to
any or all of the agencies. All comments, which should refer to the
``Call Report, FFIEC 101 and FFIEC 102 Revisions,'' will be shared
among the agencies.
OCC: You may submit comments, which should refer to ``Call Report,
FFIEC 101 and FFIEC 102 Revisions,'' by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0081, 1557-0239, and 1557-0325, 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) 293-4835.
Instructions: You must include ``OCC'' as the agency name and
``1557-0081, 1557-0239, 1557-0325'' in your comment. In general, the
OCC will publish comments on www.reginfo.gov without change, including
any business or personal information provided, such as name and address
information, email addresses, or phone numbers. Comments received,
including attachments and other supporting materials, are part of the
public record and subject to public disclosure. Do not include any
information in your comment or supporting materials that you consider
confidential or inappropriate for public disclosure.
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'' tab and click on
``Information Collection Review'' from the drop-down menu. From the
``Currently under Review'' drop-down menu, select ``Department of
Treasury'' and then click ``submit.'' This information collection can
be located by searching OMB control number ``1557-0081'' or ``1557-
0239'' or ``1557-0325.'' 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 ``Call
Report, FFIEC 101 and FFIEC 102 Revisions,'' 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 ``Call
Report, FFIEC 101, and FFIEC 102 Revisions,'' 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 ``Call Report,
FFIEC 101 and FFIEC 102 Revisions,'' 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 ``Call Report, FFIEC 101
and FFIEC 102 Revisions,'' in the subject line of the message.
Mail: Manuel E. Cabeza, Counsel, Attn: Comments, Room MB-
3128, 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
proposed revisions to the information collections discussed in this
notice, please contact any of the agency staff whose names appear
below. In addition, copies of the report forms and instructions for the
Call Report, FFIEC 101 and FFIEC 102 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.
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:
Table of Contents
I. Affected Reports
A. Call Report (FFIEC 031, FFIEC 041, and FFIEC 051)
B. FFIEC 101
C. FFIEC 102
II. Current Actions
Recently Proposed Amendments to the Regulatory Capital Rule for
Large Banking Organizations and Banking Organizations With
Significant Trading Activity
1. Background
2. Proposed Revisions to the Call Report
3. Proposed Revisions to the FFIEC 101
4. Proposed Revisions to the FFIEC 102
5. Proposed FFIEC 102a
III. Timing
IV. Request for Comment
I. Affected Reports
All of the proposed reporting changes discussed in this notice
affect the Call Report, FFIEC 101 and FFIEC 102.
A. Call Reports (FFIEC 031, FFIEC 041, and FFIEC 051)
The agencies propose to extend for three years, with revision,
their information collections associated with the FFIEC 031, FFIEC 041,
and FFIEC 051 Call Reports.
[[Page 5299]]
Report Title: Consolidated Reports of Condition and Income (Call
Report).
Form Number: FFIEC 031 (Consolidated Reports of Condition and
Income for a Bank with Domestic and Foreign Offices), FFIEC 041
(Consolidated Reports of Condition and Income for a Bank with Domestic
Offices Only), and FFIEC 051 (Consolidated Reports of Condition and
Income for a Bank with Domestic Offices Only and Total Assets Less Than
$5 Billion).
Frequency of Response: Quarterly.
Affected Public: Business or other for-profit.
Type of Review: Revision and extension of currently approved
collections.
OCC
OMB Control No: 1557-0081.
Estimated Number of Respondents: 1,015 national banks and federal
savings associations.
Estimated Average Burden per Response: 40.69 burden hours per
quarter to file.
Estimated Total Annual Burden: 165,201 burden hours to file.
Board
OMB Control No.: 7100-0036.
Estimated Number of Respondents: 699 state member banks.
Estimated Average Burden per Response: 44.13 burden hours per
quarter to file.
Estimated Total Annual Burden: 123,387 burden hours to file.
FDIC
OMB Control No.: 3064-0052.
Estimated Number of Respondents: 2,990 insured state nonmember
banks and state savings associations.
Estimated Average Burden per Response: 38.86 burden hours per
quarter to file.
Estimated Total Annual Burden: 464,766 burden hours to file.
The estimated average burden hours collectively reflect the
estimates for the FFIEC 031, the FFIEC 041, and the FFIEC 051 reports
for each agency. When the estimates are calculated by type of report
across the agencies, the estimated average burden hours per quarter are
84.29 (FFIEC 031), 54.54 (FFIEC 041), and 34.39 (FFIEC 051). The
changes to the Call Report forms and instructions proposed in this
notice resulted in the following estimated changes in burden hours per
quarter. For the FFIEC 031 report, the revisions resulted in an average
decrease across all agencies of approximately 0.24 hours per quarter;
for the FFIEC 041 report, the revisions resulted in an average decrease
across all agencies of approximately 0.06 hours per quarter; and for
the FFIEC 051 report, the revisions resulted in an average decrease
across all agencies of approximately 0.01 hours per quarter. The
estimated burden per response for the quarterly filings of the Call
Report is an average that varies by agency because of differences in
the composition of the institutions under each agency's supervision
(e.g., size distribution of institutions, types of activities in which
they are engaged, and existence of foreign offices).
Type of Review: Extension for three years and revision of currently
approved collections. In addition to the proposed revisions discussed
below, Call Reports are periodically updated to clarify instructional
guidance and correct grammatical and typographical errors on the forms
and instructions, which are published on the FFIEC website.\1\ These
non-substantive updates may also be commented upon.
---------------------------------------------------------------------------
\1\ www.ffiec.gov/forms031.htm; www.ffiec.gov/forms041.htm;www.ffiec.gov/forms051.htm.
---------------------------------------------------------------------------
Legal Basis and Need for Collections
The Call Report information collections are mandatory: 12 U.S.C.
161 (national banks), 12 U.S.C. 324 (state member banks), 12 U.S.C.
1817 (insured state nonmember commercial and savings banks), and 12
U.S.C. 1464 (federal and state savings associations). At present,
except for selected data items and text, these information collections
are not given confidential treatment.
Banks and savings associations submit Call Report data to the
agencies each quarter for the agencies' use in monitoring the
condition, performance, and risk profile of individual institutions and
the industry as a whole. Call Report data serve a regulatory or public
policy purpose by assisting the agencies in fulfilling their shared
missions of ensuring the safety and soundness of financial institutions
and the financial system and protecting consumer financial rights, as
well as agency-specific missions affecting federal and state-chartered
institutions, such as conducting monetary policy, ensuring financial
stability, and administering federal deposit insurance. Call Reports
are the source of the most current statistical data available for
identifying areas of focus for on-site and off-site examinations. Among
other purposes, the agencies use Call Report data in evaluating
institutions' corporate applications, including interstate merger and
acquisition applications for which the agencies are required by law to
determine whether the resulting institution would control more than 10
percent of the total amount of deposits of insured depository
institutions in the United States. Call Report data also are used to
calculate the risk-based assessments for insured depository
institutions.
B. FFIEC 101
The agencies propose to extend for three years, with revision, the
FFIEC 101 report.
Report Title: Regulatory Capital Reporting for Large Banking
Organizations.
Form Number: FFIEC 101.
Frequency of Response: Quarterly.
Affected Public: Business or other for-profit.
Type of Review: Revision and extension of currently approved
collections.
OCC
OMB Control No.: 1557-0239.
Estimated Number of Respondents: 49 national banks and federal
savings associations.
Estimated Time per Response: 797.35 burden hours one-time for
initial set-up and 437.45 burden hours per quarter to file ongoing.
Estimated Total Annual Burden: 38,972 burden hours for one-time
initial set-up and 85,733 to file for ongoing.
Board
OMB Control No.: 7100-0319.
Estimated Number of Respondents: 52 state member banks, bank
holding companies, savings and loan holding companies and intermediate
holding companies.
Estimated Time per Response: 797.35 burden hours one-time for
initial set-up and 437.45 burden hours per quarter to file ongoing.
Estimated Total Annual Burden: 41,358 burden hours for one-time
initial set-up and 90,982 to file for ongoing.
FDIC
OMB Control No.: 3064-0159.
Estimated Number of Respondents: 9 insured state nonmember bank and
state savings association.
Estimated Time per Response: 797.35 burden hours one-time for
initial set-up and 437.45 burden hours per quarter to file ongoing.
Estimated Total Annual Burden: 7,158 burden hours for one-time
initial set-up and 15,747 to file for ongoing.
Type of Review: Extension and revision of currently approved
collections.
[[Page 5300]]
Legal Basis and Need for Collections
Currently, each banking organization subject to Category I or
Category II standards is required to report quarterly regulatory
capital data and, along with each top-tier banking organization subject
to Category III standards,\2\ supplementary leverage ratio information
on the FFIEC 101. Under this proposal, each banking organization
subject to Category I, II, III or IV standards would report revised
regulatory capital and supplementary leverage information. The FFIEC
101 information collections are mandatory for applicable banking
organizations under the following authorities: 12 U.S.C. 161 (national
banks), 12 U.S.C. 324 (state member banks), 12 U.S.C. 1844(c) (bank
holding companies), 12 U.S.C. 1467a(b) (savings and loan holding
companies), 12 U.S.C. 1817 (insured state nonmember commercial and
savings banks), 12 U.S.C. 1464 (federal and state savings
associations), and 12 U.S.C. 1844(c), 3106, and 3108 (intermediate
holding companies). Certain data items in this information collection
are given confidential treatment under 5 U.S.C. 552(b)(4) and (8).
---------------------------------------------------------------------------
\2\ 12 CFR 3.2 (OCC); 12 CFR 217.2 (Board); 12 CFR 324.2 (FDIC).
---------------------------------------------------------------------------
The agencies use data reported in the FFIEC 101 to assess and
monitor the levels and components of each reporting entity's applicable
capital requirements and the adequacy of the entity's capital under the
capital rule,\3\ including the supplementary leverage ratio, as
applicable; to evaluate the impact of the capital rule on individual
reporting entities and on an industry-wide basis and its competitive
implications; and to supplement on-site examination processes. The
reporting schedules would also assist Category I, Category II, Category
III, and Category IV banking organizations in understanding
expectations relating to the system development necessary for
implementation and validation of the capital rule. Submitted data that
are released publicly would also provide other interested parties with
additional information about Category I, Category II, Category III, and
Category IV banking organizations' regulatory capital.
---------------------------------------------------------------------------
\3\ 12 CFR part 3, subpart E (OCC); 12 CFR part 217, subpart E
(Board); 12 CFR part 324, subpart E (FDIC).
---------------------------------------------------------------------------
C. FFIEC 102
The agencies propose to extend for three years, with revision, the
FFIEC 102 report. The proposed revisions include the addition of a new
confidential report (FFIEC 102a).
Report Title: Market Risk Regulatory Report.
Form Number: FFIEC 102.
Frequency of Response: Quarterly.
Affected Public: Business or other for-profit.
OCC
OMB Number: 1557-0325.
Estimated Number of Respondents: 53 national banks and federal
savings associations, 53 (FFIEC 102), 53 (FFIEC 102a).
Estimated Average Time per Response: 83.55 hours one-time for
initial set-up and 41.77 hours for ongoing (FFIEC 102); 142.49 hours
one-time for initial set-up and 50.83 hours for ongoing (FFIEC 102a).
Estimated Total Annual Burden: 4,428 hours one-time for initial
set-up and 8,856 for ongoing (FFIEC 102); 7,552 one-time for initial
set-up and 10,777 hours for ongoing (FFIEC 102a).
Board
OMB Number: 7100-0365.
Estimated Number of Respondents: 30 state member banks, bank
holding companies, savings and loan holding companies, and intermediate
holding companies (FFIEC 102), 30 (FFIEC 102a).
Estimated Average Time per Response: 83.55 hours one-time for
initial set-up and 41.77 hours for ongoing (FFIEC 102); 142.49 hours
one-time for initial set-up and 50.83 hours for ongoing (FFIEC 102a).
Estimated Total Annual Burden: 2,506 hours one-time for initial
set-up and 5,013 hours for ongoing (FFIEC 102); 4,275 hours one-time
for initial set-up and 6,100 hours for ongoing (FFIEC 102a).
FDIC
OMB Number: 3064-0199.
Estimated Number of Respondents: 9 insured state nonmember bank and
state savings association (FFIEC 102); 9 (FFIEC 102a).
Estimated Average Time per Response: 83.55 hours one-time for
initial set-up and 41.77 hours for ongoing (FFIEC 102); 142.49 hours
one-time for initial set-up and 50.83 hours for ongoing (FFIEC 102a).
Estimated Total Annual Burden: 752 hours one-time for initial set-
up and 1,504 hours for ongoing (FFIEC 102); 1,282 hours one-time for
initial set-up and 1,830 hours for ongoing (FFIEC 102a).
Type of Review: Revision and extension of currently approved
collections.
Legal Basis and Need for Collection
Currently, a banking organization with aggregate trading assets and
trading liabilities that, as of the most recent calendar quarter, equal
to $1 billion or more, or 10 percent or more of the banking
organization's total consolidated assets (market risk institutions), is
required to calculate market risk capital requirements under subpart F
of the agencies' capital rule \4\ and submit the FFIEC 102 report.
Under this proposal, and consistent with the agencies' proposed changes
to the definition of market risk institutions, any holding company
subject to Category I, Category II, Category III, or Category IV
standards or any subsidiary thereof, if the subsidiary engaged in any
trading activity over any of the four most recent quarters, would
submit the FFIEC 102. Additionally, a banking organization with average
aggregate trading assets and trading liabilities (excluding customer
and proprietary broker-dealer reserve bank accounts) over the previous
four calendar quarters equal to $5 billion or more, or equal to 10
percent or more of total consolidated assets would also submit the
report. The quarterly FFIEC 102 information collection is mandatory for
market risk institutions under the following authorities: 12 U.S.C. 161
(national banks), 12 U.S.C. 324 (state member banks), 12 U.S.C. 1844(c)
(bank holding companies), 12 U.S.C. 1467a (b) (savings and loan holding
companies), 12 U.S.C. 5365 (U.S. intermediate holding companies), 12
U.S.C. 1817 (insured state nonmember commercial and savings banks), and
12 U.S.C. 1464 (savings associations).
---------------------------------------------------------------------------
\4\ 12 CFR 3.201 (OCC); 12 CFR 217.201 (Board); and 12 CFR
324.201 (FDIC). Currently, the market risk framework of the capital
rule generally applies to any banking institution with aggregate
trading assets and trading liabilities equal to (a) 10 percent or
more of quarter-end total assets or (b) $1 billion or more.
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The FFIEC 102 is filed quarterly with the agencies and provides
information for market risk institutions. Each market risk institution
is required to file the FFIEC 102 for the agencies' use in assessing
the accuracy of the institution's calculation of its minimum capital
requirements under the capital rule and in evaluating the institution's
capital in relation to its risks. Additionally, the market risk
information collected in the FFIEC 102: (a) permits the agencies to
monitor the market risk profile of, and evaluate the impact and
competitive implications of, the capital rule on individual market risk
institutions and the industry as a whole; (b) provides the most current
statistical data available to identify areas
[[Page 5301]]
of market risk on which to focus for on-site and off-site examinations;
(c) allows the agencies to assess and monitor the levels and components
of each reporting institution's risk-based capital requirements for
market risk and the adequacy of the institution's capital under the
capital rule; and (d) assists market risk institutions in validating
their implementation of the market risk framework.
As described in Section II of this SUPPLEMENTARY INFORMATION, the
agencies are proposing to expand the data collection by creating the
FFIEC 102a, Supervisory Market Risk Regulatory Report. This new form
would collect information necessary for the agencies to evaluate a
market risk institution's implementation of the market risk rule and
validate a banking organization's internal models used in preparing the
FFIEC 102.
Confidentiality
The current FFIEC 102 information collections are not given
confidential treatment. The agencies are not proposing to provide
confidential treatment under the revised collection, other than with
respect to data collected under the proposed new Supervisory Market
Risk Regulatory Report (FFIEC 102a). The data proposed to be collected
on the Supervisory Market Risk Regulatory Report would include
financial information used for the agencies' supervisory purposes that
is not normally disclosed by the respondent organizations. This
information could reveal trade secrets or cause significant competitive
harm to the respondent organizations if disclosed. Therefore, the data
collected on the Supervisory Market Risk Regulatory Report would be
kept confidential by the agencies under 5 U.S.C. 552(b)(4) and (8).
II. Current Actions
Recently Proposed Amendments to the Regulatory Capital Rule for Large
Banking Organizations and Banking Organizations With Significant
Trading Activity
1. Background
On September 18, 2023, the agencies published in the Federal
Register a proposed rule \5\ to revise the risk-based capital
requirements for large banking organizations. The proposed changes to
regulatory capital requirements apply to banking organizations subject
to Category I, Category II, Category III, or Category IV standards and
to banking organizations with significant trading activities, all as
defined in the proposed rule. The modifications to the capital rule
would result in reporting changes that affect the Call Report, FFIEC
101, and FFIEC 102.
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\5\ 88 FR 64028 (September 18, 2023).
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2. Proposed Revisions to the Call Report
The agencies are proposing to revise the Call Report forms and
instructions to align with the proposed capital rule. The general
instructions for each version of the Call Report (FFIEC 031, FFIEC 041,
and FFIEC 051) would be revised to require each bank subject to the
expanded risk-based approach under the proposed capital rule to file
the FFIEC 031. The agencies also propose to revise the FFIEC 031
Schedule RC-R, Part I, Regulatory Capital Components and Ratios, to
align the calculation of regulatory capital for institutions subject to
Category III and IV standards with the calculation used for
institutions subject to Category I and II standards, subject to certain
transition provisions for components of Accumulated Other Comprehensive
Income (AOCI) in the proposed capital rule. To identify Category III
and IV institutions subject to the transition requirements, the
agencies propose to add a new response option (``2'' for ``Phase-out'')
for item 3.a ``AOCI opt-out election'' on the FFIEC 031, Schedule RC-R,
Part I, to be used by these institutions. The general instructions and
certain item instructions to the FFIEC 031, Schedule RC-R, Part II,
Risk-Weighted Assets, also would be revised to reflect AOCI transition
requirements in the proposed capital rule, as applicable.
Due to the expiration of certain transition periods in the
agencies' existing regulatory capital rule, the agencies are proposing
to remove from Schedule RC-R, Part I, item 21, ``Non-qualifying capital
instruments subject to phase-out from additional tier 1 capital'' and
item 40, ``Non-qualifying capital instruments subject to phase-out from
tier 2 capital'' from all versions of the Call Report. Because the
calculation of tier 2 capital under the expanded risked-based approach
would differ from the calculation of tier 2 capital under the existing
advanced approaches rule, the agencies propose to replace FFIEC 031
Schedule RC-R, Part I, item 42.b, ``(Advanced approaches institutions
that exit parallel run only): Eligible credit reserves includable in
tier 2 capital'' with ``Adjusted allowances for credit losses (AACL)
includable in tier 2 capital (for institutions subject to the expanded
risk-based approach)'' and revise certain subtotals on FFIEC 031,
Schedule RC-R, Part I, that use this item.
Finally, the agencies are proposing changes to certain definitions
and terminology in the forms and instructions consistent with the
proposed capital rule, including revising terminology for advanced
approaches capital under the existing rule to reflect the proposed
expanded risk-based approach and the scope of banking organizations
using the standardized approach for counterparty credit risk (SA-CCR).
Further details of the revisions described above can be found in the
proposed revised FFIEC 031, FFIEC 041, and FFIEC 051 forms and
instructions, which have been posted to the FFIEC website.\6\
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\6\ https://www.ffiec.gov/ffiec_report_forms.htm.
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3. Proposed Revisions to FFIEC 101
The agencies are proposing to revise the FFIEC 101 forms and
instructions to align with the proposed capital rule. Specifically, to
incorporate the reporting revisions applicable to the proposed capital
rule, the agencies are proposing to revise the FFIEC 101 general
instructions to scope in Category III \7\ and IV banking organizations
in the reporting criteria, rename and modify Schedule A to update
nomenclature in connection with the proposed capital rule revisions,
remove Schedule B through Schedule S of the current FFIEC 101 report,
and add new schedules as described below. To maintain consistency with
the proposed capital rule, the agencies are also proposing to revise
the title of the FFIEC 101 report from ``Regulatory Capital Reporting
for Institutions Subject to the Advanced Capital Adequacy Framework''
to ``Regulatory Capital Reporting for Large Banking Organizations.''
The reporting modifications would enhance comparability of the FFIEC
101 to relevant parts of the Basel Framework disclosure standard, which
would increase comparability of internationally active banks. The
proposed FFIEC 101 revisions aim to promote market discipline through
regulatory disclosure requirements.
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\7\ Top-tier Category III banking organizations are currently
only required to file the SLR Tables 1 and 2.
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The agencies are requesting comment on whether there should be any
further changes to the report form items or instructions developed by
the agencies consistent with the proposed capital rule.
Under the proposal, reporting institutions would continue to report
Schedule A, which would be renamed to Schedule RCCR, Regulatory Capital
Components and Ratios, and revised to align with the requirements of
the
[[Page 5302]]
proposed capital rule. First, the agencies are proposing to revise this
schedule to remove the concept of eligible credit reserves and parallel
run from the report form and instructions, and rename existing item 12,
``Expected credit loss that exceeds eligible credit reserves'' to
``AOCI transition adjustment amount (for Category III and IV
institutions only)'' as the item would no longer be applicable.
Category III and IV institutions would report AOCI transition amounts
in item 12 during the transitional period. In addition, the agencies
are proposing to replace item 50, ``Eligible credit reserve includable
in tier 2 capital,'' with ``Adjusted allowances for credit losses
(AACL) includable in tier 2 capital'' under the expanded risk-based
approach and clarify the instructions for item 27. These changes would
also result in the deletions of items 77 through 90, which would no
longer be needed.
As a result of the new expanded risk based-approach framework for
calculating risk-weighted assets under the proposed capital rule, the
agencies are proposing to update item 60, ``Total risk-weighted assets
(RWA),'' to ``Expanded total risk-weighted assets (accounting for
transition provisions),'' and reflect for Category I, II, III and IV
banking organizations a three-year transitional period to phase-in
expanded total risk-weighted assets. To implement changes under the
proposed capital rule that would require Category III and IV banking
organizations to use the standardized approach for counterparty credit
risk (SA-CCR) for derivatives exposures for purposes of the
supplementary leverage ratio (SLR), the agencies are proposing to
remove references to the current exposure methodology from instructions
related to reporting the SLR. Consistent with the proposed capital
rule, the agencies are also proposing to update the instructions to
require all banking organizations that report the FFIEC 101 to report
the SLR tables. To reflect the addition of a new 40 percent credit
conversion factor (CCF) for unconditionally cancelable commitments
under the proposed capital rule, the agencies propose to revise the SLR
Table 2 instructions to align with the change. In addition, certain
items related to the reporting of regulatory capital buffer
requirements would be amended to reflect the proposed capital rule.
Items 4, 33, 35, 47, and 49 in current Schedule A related to transition
periods in the regulatory capital rule that have expired and are no
longer applicable are proposed to be eliminated. Additionally, the
agencies added granularity to the items relating to derivative
transactions in SLR Table 2. This granularity provides a breakout of
derivative transactions that involve commercial end-users and
counterparties other than commercial end-users.
Current Schedules B through S would be removed, and institutions
would be required to report risk-weighted asset and exposure
information in new schedules described below. The new FFIEC 101
schedules would be as follows.
1. Schedule OV1: Overview of Expanded Total Risk-Weighted Assets.
The purpose of this schedule is to provide an overview of expanded
total risk-weighted assets (RWA) forming the denominator of the risk-
based capital requirements. On this schedule, reporting institutions
would report summary amounts of risk-weighted assets reported in detail
on other FFIEC 101 schedules.
2. Schedule CR1: General Credit Risk Exposures and Credit Risk
Mitigation (CRM) Effects. The purpose of this schedule is to illustrate
the effect of CRM on capital requirement calculations under the
proposed expanded risk-based approach for credit risk in the agencies'
capital rule. On this schedule, institutions would report on-balance
sheet and off-balance sheet credit risk exposures, the adjusted amounts
of those credit risk exposures reflecting credit risk mitigants, and
the corresponding risk-weighted assets and risk-weighted asset density.
3. Schedule CR2: Credit Risk Mitigation Techniques. The purpose of
this schedule is to present the quantity of exposures under the
expanded risk-based approach where CRM is applicable, and the amount of
CRM attributed to each general type of credit risk mitigant. On this
schedule, reporting institutions would report amounts of exposures that
are unsecured, the amounts that are secured, and the quantity of those
secured exposures that are secured by collateral, by eligible
guarantees, and by eligible credit derivatives.
4. Schedule CR3: Credit Risk Exposures by Exposure Categories and
Risk Weights. The purpose of this schedule is to present the breakdown
of credit risk exposures by category and then by the applicable risk
weight under the expanded risk-based approach. On this schedule,
institutions would report the amounts of exposures by asset class,
differentiated by the applicable risk weights for each asset class. For
off-balance sheet exposures, the applicable credit conversion factor
(CCF) would be applied first before the applicable risk weight. Total
credit risk-weighted assets under the expanded risk-based approach
would reflect the aggregate total exposures for each asset class after
risk weights and, if applicable, credit conversion factors are applied
to the exposure amounts.
5. Schedule CCR: Counterparty Credit Risk Exposures and Risk
Weights. The purpose of this schedule is to provide a breakdown of
counterparty credit risk exposures calculated according to the
standardized approach by type of counterparties and by risk weight.
6. Schedule SEC1: Securitization Exposures Subject to Subpart E of
the Capital Rule. The purpose of this schedule is to present a
reporting institution's securitization exposures subject to the credit
risk-based capital framework. On this schedule, institutions would
report the details of traditional and synthetic retail and wholesale
securitization exposures subject to the credit risk-based capital
framework.
7. Schedule SEC2: Securitization Exposures Subject to Subpart F of
the Capital Rule. The purpose of this schedule is to present a
reporting institution's securitization exposures subject to the market
risk capital framework. On this schedule, institutions would report the
details of traditional and synthetic retail and wholesale
securitization exposures subject to the market risk capital framework.
8. Schedule SEC3: Securitization Exposures and Capital Requirements
under Subpart E--Reporting Institution Acting as Originator/Sponsor.
The purpose of this schedule is to present securitization exposures
where the reporting institution acts as originator or sponsor subject
to the credit risk-based capital framework and the associated capital
requirements. On this schedule, institutions would report details of
traditional and synthetic securitization exposure values and risk-
weighted assets by risk weights and regulatory approach when the
reporting institution acts as an originator or sponsor.
9. Schedule SEC4: Securitization Exposures and Capital Requirements
under Subpart E--Reporting Institution Acting as Investor. The purpose
of this schedule is to present securitization exposures where the
reporting institution acts as investor subject to the credit risk-based
capital framework and the associated capital requirements. On this
schedule, reporting institutions would report details of traditional
and synthetic securitization exposure values and risk-weighted assets
by risk weights and regulatory approach when the reporting institution
acts as an investor.
[[Page 5303]]
10. Schedule CVA: Basic and Standardized Measures for Credit
Valuation Adjustment (CVA) Risk. The purpose of this schedule is to
provide the components used for the computation of risk-weighted assets
under the basic approach and the standardized approach for CVA risk. On
this schedule, institutions would report CVA risk-related elements,
risk-weighted assets, and associated capital requirement amounts.
11. Schedule EQ: Risk-Weighted Assets for Equity Exposures. This
schedule would collect information regarding equity exposures under the
expanded simple risk-weight approach (ESRWA) and under the look-through
approaches by exposures type and risk weight.
12. Schedule OR1: Historical Operational Losses. The purpose of
this schedule is to disclose total annual operational losses incurred
over the past ten years, based on the accounting date of the incurred
losses, to inform the operational risk capital calculation. On this
schedule, reporting institutions would report items related to total
amounts of operational losses and total numbers of operational loss
events over the past ten years.
13. Schedule OR2: Business Indicator and Subcomponents. The purpose
of this schedule is to disclose the business indicator (BI) and its
subcomponents, which inform the operational risk capital calculation.
On this schedule, institutions would report BI related items such as
the interest, lease, and dividend component, the services component,
and the financial component.
14. Schedule OR3: Minimum Required Operational Risk Capital. The
purpose of this schedule is to report operational risk regulatory
capital requirements. On this schedule, institutions would report
operational risk minimum regulatory capital requirement calculation
items such as the business indicator component, the internal loss
multiplier, and operational risk risk-weighted assets.
15. Optional Narrative: The purpose of this schedule is for
institutions to provide a brief narrative statement to supplement data
reported in the Regulatory Capital Reporting for Large Banking
Organizations.
Further details of the revisions described above can be found in
the proposed revised FFIEC 101 form and instructions, which have been
posted to the FFIEC website.\8\
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\8\ www.ffiec.gov/forms101.htm.
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4. Proposed Revisions to the FFIEC 102
The agencies propose to amend the FFIEC 102 forms and instructions
so that relevant reporting requirements are aligned with the capital
proposal.\9\ Consistent with the scope changes for applicability of the
market risk capital requirements in the proposed capital rule, the
agencies are proposing to revise the reporting criteria for FFIEC 102
to apply to banking organizations subject to Category I, Category II,
Category III, or Category IV standards and to banking organizations
with significant trading activity. As defined in the proposed capital
rule, a banking organization with significant trading activity would be
any banking organization with average aggregate trading assets and
trading liabilities, excluding customer and proprietary broker-dealer
reserve bank accounts, equal to $5 billion or more, or equal to 10
percent or more of total consolidated assets at quarter end as reported
on the most recent quarterly regulatory report. The agencies intend to
conform the scope of proposed reporting under the capital rule only to
those institutions that are within the scope of the proposed capital
rule.
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\9\ All of the terms and concepts listed in this section are
described in detail in the proposed capital rule. Commenters should
refer to the proposed capital rule when commenting on the associated
proposed reporting revisions.
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To maintain consistency with the proposed capital rule and simplify
the report title, the agencies are also proposing to revise the title
of the FFIEC 102 report from ``Market Risk Regulatory Report for
Institutions Subject to the Market Risk Capital Rule'' to ``Market Risk
Capital Report.''
Additionally, to implement the new market risk capital requirements
framework in the proposed capital rule, the agencies propose to remove
the current data collected on FFIEC 102, and to add new data collection
for an institution's standardized measure for market risk and the
models-based measure for market risk, if applicable. Under the
proposal, the revised FFIEC 102 would be subdivided into four sections:
Part I, Standardized capital requirements for market risk; Part II,
Models-based capital requirements for market risk; Part III, Market
risk-weighted assets; and Part IV, Memoranda, as described below.
Part I, Standardized capital requirements for market risk, would
include data items for calculating the standardized measure for market
risk, which would be the default methodology for calculating market
risk capital requirements for all banking organizations subject to
market risk capital requirements. It would collect data for the
sensitivities-based method capital requirement, the standardized
default risk capital requirement, and the residual risk add-on
components. Furthermore, items related to the three additional
components for standardized measure for market risk that would apply in
limited instances to specific positions would be collected for: (1) a
capital add-on for re-designations; (2) other capital add-ons
established by the primary Federal supervisor, and (3) a fallback
capital requirement.
Part II, Models-based capital requirement for market risk, would
contain the core components data elements for the models-based measure
for market risk, which consists of (1) the internal models approach
capital requirements for model-eligible trading desks; (2) the
additional capital requirement applied to model-eligible trading desks
with shortcomings in the internal models used for determining risk-
based capital requirements in the form of a profit and loss attribution
(PLA) add-on, if applicable; and (3) the standardized approach capital
requirements for model-ineligible trading desks. The internal models
approach capital requirements for model-eligible trading desks would
itself consist of four components: (1) the capital measure for non-
modellable risk factors, (2) capital measure for non-modellable risk
factors (stressed expected shortfall), (3) the standardized default
risk capital requirement, and (4) capital multiplier. Specifically, an
institution would report in this section its unconstrained and
constrained expected shortfall for relevant risk classes, capital
requirements for modellable and non-modellable risk factors,
standardized default risk capital requirement, PLA add-on, capital
multiplier, capital requirement for model-eligible trading desks, and
capital add-ons among other relevant data for calculating the models-
based measure for market risk.
Part III, Market risk-weighted assets, would collect data items for
the standardized market risk-weighted assets and the models-based
market risk-weighted assets.
Lastly, Part IV, Memoranda, would be added to the FFIEC 102 for all
market risk institutions to report total sensitivities-based method
capital requirement under high, medium, and low correlation scenarios
and total notional amount of market risk covered positions. The
proposed sub-items of these notional amounts include the following:
foreign exchange positions, commodity positions, net short credit
[[Page 5304]]
positions, net short equity positions, customer and proprietary broker-
dealer reserve bank accounts, and other market risk covered positions.
The proposed reporting requirements described above would provide
meaningful disclosure without requiring disclosure of proprietary
information. The reports would enable the federal supervisors to
monitor a banking organization's risk profile related to market risk
and identify changes in the risk profile that would pose risks to the
financial system. These revised disclosure requirements are designed to
increase transparency and complement the supervisory review process by
encouraging market discipline through enhanced and meaningful public
disclosure. The agencies intend for these proposed disclosure
requirements to strike an appropriate balance between the supervisory
and market benefits of reporting and the additional burden to a banking
organization that would be required to provide disclosures.
5. Proposed FFIEC 102a
In addition to the revisions described above, the agencies propose
to add a separate Supervisory Market Risk Regulatory Report (FFIEC
102a) that would function as a companion to the FFIEC 102 report in
implementing the proposed capital rule's revised market risk framework.
The proposed Supervisory Market Risk Regulatory Report would be
collected on a quarterly basis, would be confidential, and would apply
only to banking organizations that calculate market risk capital
requirements under the models-based measure for market risk. Under the
proposal, the FFIEC 102a would be subdivided into three sections. The
first section, Part 1, General Information, would collect general
information for a banking organization's trading desk(s) such as the
number of regulator approved trading desks and number of regulator
approved notional trading desks. It would also include data on the
organizational structure of the trading desk such as trading desks
identifier, trading desk name, organization unit identifier, and the
asset class for each trading desk provided by the asset class that
gives rise to the trading desk's greatest aggregate market risk
exposure as of the submission date.
The second section, Part 2, Aggregate Trading Portfolio
Backtesting, would collect aggregate level data for model eligible
trading desk that includes the market value of total trading assets,
market value of total trading liabilities, and data related to the
number of value at risk (VaR) backtesting exceptions during the
quarter. This part would also include data on the daily VaR-based
measures calibrated to the 99.0th percentile; the daily expected
shortfall (ES) based measure calibrated at the 97.5th percentile;
liquidity horizon-adjusted ES-based measures; the actual profit and
loss; the hypothetical profit and loss; and the p-value of the profit
or loss for each day. The third section, Part 3, Backtesting and PLA
Testing for Model-Eligible Trading Desks, would be reported at the
trading desk level. The data in this section would include general
information related to the trading desk such as the name, unique
identifier for the trading desk, description of the trading desk,
authorized products for the trading desk, main product types, and
several questions about the trading desk. In addition, it would include
data on the daily VaR-based measure for the trading desk calibrated at
both the 99.0th and 97.5th percentile; the capital measure for non-
modellable risk factors; the daily ES-based measure calibrated at the
97.5th percentile; the actual profit and loss; the hypothetical profit
and loss; the risk-theoretical profit and loss; and the p-values of the
profit or loss for each day.
The proposed reporting requirements would enable the agencies to
identify changes to the risk profiles of banking organizations that use
the models-based approach for market risk. Specifically, the collection
of backtesting and PLA data included in the proposed reports would
enable the agencies to determine the validity of a banking
organization's internal models, and whether these models accurately
account for the risk associated with exposure to price movements,
changes in market structure, or market events that affect specific
assets. If the agencies find these models not able to sufficiently
capture market risks in these positions, under the proposed capital
rule, the banking organization must then use the standardized approach
for calculating its market risk capital requirements, thereby
preventing divergence between a banking organization's risk profile and
its capital position. The FFIEC 102a report would be filed 20 days
after the end of each quarter. The proposed submission date is intended
to provide the agencies with sufficient time to review the data and
make a determination pursuant to the proposed capital rule as to
whether a trading desk is eligible to use the internal models approach
prior to the due date of the banking organization's other quarterly
reports, including the FFIEC 102 and Call Report or FR Y-9C.\10\ In the
event that this review results in a change to a trading desk's
eligibility, the banking organization would be able to make any
necessary adjustments before the submission of its FFIEC 102 and Call
Report or FR Y-9C, rather than having to revise and resubmit these
reports. Furthermore, because the proposal requires a banking
organization to calculate the data provided in the proposed report on a
daily basis, the 20-day timeframe for submission is not expected to
impose significantly increased compliance burden.
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\10\ The Call Report (for banks) is due 30 or 35 days after
quarter end, while the FR Y-9C (for holding companies) generally is
due 40 days after quarter end. The FFIEC 102 is due at the same time
as the Call Report or FR Y-9C.
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Further details of all the revisions described above can be found
in the proposed Supervisory Market Risk Regulatory Report form and
instructions, available on the FFIEC's website.\11\
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\11\ www.ffiec.gov/forms102.htm.
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III. Timing
The agencies propose to make the reporting changes to the Call
Report, FFIEC 101, and FFIEC 102 (including its new sub-report the
FFIEC 102a) effective for the third quarter of 2025 (September 30,
2025), consistent with the proposed July 1, 2025, effective date for
the proposed capital rule. The agencies invite comment on any
difficulties that institutions would expect to encounter in
implementing the systems changes necessary to accommodate the proposed
revisions to the Call Report, FFIEC 101, or FFIEC 102/102a, or the
minimum time required to make systems changes to implement these
changes. The specific wording of the captions for the new or revised
data items discussed in this proposal and the numbering of these data
items should be regarded as preliminary. If modifications are made to
the proposed capital rule in an associated final rule, the agencies
would modify the information collection revisions in this proposal to
incorporate such changes, as applicable.
IV. Request for Comment
Public comment is requested on all aspects of this joint notice.
Comment is specifically invited on:
(a) Whether the proposed revisions to the collections of
information that are the subject of this notice 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
[[Page 5305]]
information collections as they are proposed to be revised, including
the validity of the methodology and assumptions used;
(c) Ways to enhance the quality, utility, and clarity of the
information to be collected;
(d) Ways to minimize the burden of information collections on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Comments submitted in response to this joint notice will be shared
among the agencies. At the end of the comment period for this notice,
the FFIEC and the agencies will review any comments received to
determine whether to modify the proposal in response to such comments.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on January 18, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-01532 Filed 1-25-24; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P
