[Federal Register Volume 75, Number 15 (Monday, January 25, 2010)]
[Notices]
[Pages 3966-3967]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-1261]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Proposed Information 
Collection; Comment Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on a new information 
collection, as required by the Paperwork Reduction Act of 1995. An 
agency may not conduct or sponsor, and a respondent is not required to 
respond to, an information collection unless it displays a currently 
valid Office of Management and Budget (OMB) control number. The OCC is 
soliciting comment concerning a new information collection titled, 
``Basel Comprehensive Quantitative Impact Study.''

DATES: You should submit comments by March 26, 2010.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Mailstop 2-3, Attention: 1557-NEW, 250 E Street, SW., 
Washington, DC 20219. In addition, comments may be sent by fax to (202) 
874-5274 or by electronic mail to [email protected]. You may 
personally inspect and photocopy the comments at the OCC, 250 E Street, 
SW., Washington, DC 20219. For security reasons, the OCC requires that 
visitors make an appointment to inspect comments. You may do so by 
calling (202) 874-4700. Upon arrival, visitors will be required to 
present valid government-issued photo identification and to submit to 
security screening in order to inspect and photocopy comments.
    Additionally, you should send a copy of your comments to: OCC Desk 
Officer, Attention: 1557-NEW, by mail to U.S. Office of Management and 
Budget, 725 17th Street, NW., 10235, Washington, DC 20503, or 
by fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Mary H. Gottlieb, OCC Clearance 
Officer, (202) 874-5090, Legislative and Regulatory Activities 
Division, Office of the Comptroller of the Currency, 250 E Street, SW., 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is requesting approval of the 
following new information collection:
    Title: Basel Comprehensive Quantitative Impact Study.
    OMB Control No.: 1557-NEW.
    Description: The International Convergence of Capital Measurement 
and Capital Standards: A Revised Framework, also known as the Basel II 
Capital Accord, sets out a general international capital framework for 
banking institutions. The Basel II Capital Accord was adopted under the 
auspices of the Basel Committee on Banking Supervision \1\ (Basel 
Committee), and was implemented into domestic regulations in the United 
States by the Federal banking agencies on December 7, 2007 (72 FR 
69288). In an effort to refine the Basel II Capital Accord, the Basel 
Committee will conduct a quantitative impact study (QIS) to assess the 
impact of the proposed revisions that were published by the Basel 
Committee on December 17, 2009.\2\ As part of this effort, the OCC, in 
coordination with the other Federal banking agencies, is proposing to 
collect data from national banks with respect to the following 
subjects:
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    \1\ The Basel Committee on Banking Supervision is a committee of 
banking supervisory authorities, which was established by the 
central bank Governors of the Group of Ten countries in 1975. It 
consists of senior representatives of bank supervisory authorities 
and central banks from Argentina, Australia, Belgium, Brazil, 
Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, 
Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, 
Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, 
Turkey, the United Kingdom and the United States. It usually meets 
at the Bank for International Settlements (BIS) in Basel, 
Switzerland, where its permanent Secretariat is located.
    \2\ Basel Committee on Banking Supervision, Strengthening the 
resilience of the banking sector, consultative document, December 
17, 2009.
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    [squ] Revisions to the Basel II market risk framework\3\ and 
guidelines for computing capital for incremental risk in the trading 
book,\4\ including the incremental risk capital charge; the 
comprehensive risk measure for correlation trading portfolios; the new 
rules for securitization exposures in the trading book; and the revised 
capital charges for certain equity exposures subject to the 
standardized measurement method for market risk.
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    \3\ Basel Committee on Banking Supervision, Revisions to the 
Basel II market risk framework, July 2009.
    \4\ Basel Committee on Banking Supervision, Guidelines for 
computing capital for incremental risk in the trading book, July 
2009.
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    [squ] Enhancements to the Basel II framework \5\ including the 
revised risk weights for re-securitizations held in the banking book.
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    \5\ Basel Committee on Banking Supervision, Enhancements to the 
Basel II framework, July 2009.
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    [squ] Enhancements to strengthen the resilience of the banking 
sector \6\

[[Page 3967]]

including the proposed changes to the definition of capital; the 
proposed introduction of a leverage ratio; and the proposed changes to 
the treatment of counterparty credit risk.
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    \6\ See footnote 2.
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    [squ] Liquidity enhancements referring to the international 
framework for liquidity risk measurement, standards and monitoring.\7\
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    \7\ Basel Committee on Banking and Supervision, International 
Framework for liquidity risk measurement, standards and monitoring, 
consultative document, December 17, 2009.
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    [squ] Operational risk and countercyclical tools.
    The OCC intends to collect data for the QIS from banks subject to 
the Basel II Capital Framework \8\ and those subject to the current 
risk-based capital guidelines (Basel I).\9\ Unless otherwise noted, all 
data would be reported on a consolidated basis. Ideally, banks should 
include all their assets in this information collection. However, due 
to data limitations, inclusion of some assets (for example, the 
portfolio of a minor subsidiary) may not be feasible. Exclusion of such 
assets is acceptable, as long as the remaining assets are 
representative of the bank as a whole.
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    \8\ See 12 CFR Part 3, Appendix C.
    \9\ See 12 CFR Part 3, Appendix A.
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    Type of Review: New collection.
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 20.
    Estimated Number of Responses: 20.
    Estimated Average Burden Hours per Response: 234 hours.
    Estimated Total Annual Burden: 4,680 hours.
    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments will become 
a matter of public record. Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the information 
collection burden;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection 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.

    Dated: January 19, 2010.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2010-1261 Filed 1-22-10; 8:45 am]
BILLING CODE 4810-30-P