[Federal Register Volume 75, Number 40 (Tuesday, March 2, 2010)]
[Notices]
[Pages 9488-9489]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-4203]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision


Basel Comprehensive Quantitative Impact Study

AGENCY: Office of Thrift Supervision (OTS), Treasury.

ACTION: Notice and request for comment.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to comment on proposed and continuing 
information collections, as required by the Paperwork Reduction Act of 
1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the 
Department of the Treasury will submit the proposed information 
collection requirement described below to the Office of Management and 
Budget (OMB) for review, as required by the Paperwork Reduction Act. 
Today, OTS is soliciting public comments on its proposal to extend this 
information collection.

DATES: Submit written comments on or before May 3, 2010.

ADDRESSES: Send comments, referring to the collection by title of the 
proposal or by OMB approval number, to Information Collection Comments, 
Chief Counsel's Office, Office of Thrift Supervision, 1700 G Street, 
NW., Washington, DC 20552; send a facsimile transmission to (202) 906-
6518; or send an e-mail to [email protected]. OTS 
will post comments and the related index on the OTS Internet Site at 
http://www.ots.treas.gov. In addition, interested persons may inspect 
comments at the Public Reading Room, 1700 G Street, NW., by 
appointment. To make an appointment, call (202) 906-5922, send an e-
mail to public.info@ots.treas.gov">public.info@ots.treas.gov, or send a facsimile transmission to 
(202) 906-7755.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
about this proposed information collection from Roberta M. Renz (202) 
906-6447, Office of Thrift Supervision, 1700 G Street, NW., Washington, 
DC 20552.

SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an 
information collection, and respondents are not required to respond to 
an information collection, unless the information collection displays a 
currently valid OMB control number. As part of the

[[Page 9489]]

approval process, we invite comments on the following information 
collection.
    Comments should address one or more of the following points:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the functions of OTS;
    b. The accuracy of OTS's estimate of the burden of the proposed 
information collection;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of the information collection on 
respondents, including through the use of information technology.
    We will summarize the comments that we receive and include them in 
the OTS request for OMB approval. All comments will become a matter of 
public record. In this notice, OTS is soliciting comments concerning 
the following information collection.
    Title of Proposal: Basel Comprehensive Quantitative Impact Study.
    OMB Number: 1550-0NEW.
    Form Numbers: N/A.
    Regulation requirement: 12 CFR Part 567.
    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 
financial 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 financial 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 OTS, in 
coordination with the other Federal financial agencies, is proposing to 
collect data from national financial institutions 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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    [dec221] 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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    [dec221] 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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    [dec221] Enhancements to strengthen the resilience of the financial 
institution sector \6\ 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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    [dec221] 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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    [dec221] Operational risk and countercyclical tools.
    The OTS intends to collect data for the QIS from financial 
institutions 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, financial institutions 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 
financial institution 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: 5.
    Estimated Burden Hours per Response: 117.
    Estimated Frequency of Response: On occasion.
    Estimated Total Burden: 585 hours.

    Dated: February 24, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift 
Supervision.
[FR Doc. 2010-4203 Filed 3-1-10; 8:45 am]
BILLING CODE 6720-01-P