[Federal Register Volume 77, Number 175 (Monday, September 10, 2012)]
[Notices]
[Pages 55473-55474]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-22191]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities; Renewal of a Currently 
Approved Collection; Comment Request; Basel II Recordkeeping and 
Disclosures

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comments.

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SUMMARY: The FDIC, 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 information 
collections, as required by the Paperwork Reduction Act of 1995, Public 
Law 104-13 (44 U.S.C. 3506(c)(2)(A). The FDIC is soliciting comments 
concerning the currently approved Basel II--Recordkeeping and 
Disclosures information collection, which is being renewed without 
change pending OMB review and action on proposed changes to the 
collection arising from proposed rules published in the Federal 
Register on August 30, 2012, and entitled Regulatory Capital Rules: 
Regulatory Capital, Implementation of Basel III, Minimum Regulatory 
Capital Ratios, Capital Adequacy, Transition Provisions, and Prompt 
Corrective Action (77 FR 52792); Regulatory Capital Rules: Standardized 
Approach for Risk-Weighted Assets; Market Discipline and Disclosure 
Requirements (77 FR 52888); Regulatory Capital Rules: Advanced 
Approaches Risk-Based Capital Rule; Market Risk Capital Rule (77 FR 
52978).

DATES: Comments must be submitted on or before November 9, 2012.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federal/notices.html
     Email: [email protected] Include the name of the 
collection in the subject line of the message.
     Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room NY-
5050, 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 17th Street Building (located on F Street), 
on business days between 7:00 a.m. and 5:00 p.m.

All comments should refer to the relevant OMB control number. A copy of 
the comments may also be submitted to the OMB desk officer for the 
FDIC:

[[Page 55474]]

Office of Information and Regulatory Affairs, Office of Management and 
Budget, New Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Leneta Gregorie, at the FDIC address 
above.

SUPPLEMENTARY INFORMATION: 
    Proposal to renew the following currently approved collections of 
information:
    Title: Basel II: Disclosures and Recordkeeping.
    OMB Number: 3064-0153.
    Frequency of Response: On occasion.
    Affected Public: Insured state nonmember banks and state savings 
institutions.
    Estimated Number of Respondents: 8.
    Estimated Average Time per Response: implementation--330 hours; 
systems maintenance--27.9 hours; disclosures--5.79 hours; control, 
oversight and verification--11.05 hours; documentation--19 hours; and 
supervisory approvals--16.82 hours.
    Total Annual Burden: 3,284 hours.
    General Description of Collection: On December 7, 2007, the FDIC, 
the Office of the Comptroller, and the Federal Reserve Board 
(collectively, the ``Agencies'') issued the joint final rule titled 
Risk-Based Capital Standards: Advanced Capital Adequacy Framework 
(final rule) implementing a new risk-based regulatory capital framework 
for institutions in the United States. The final rule requires certain 
large or internationally active banks and bank holding companies (BHCs) 
to (1) adopt a written implementation plan, (2) update that plan for 
any mergers, (3) obtain prior written approvals for the use of certain 
approaches for determining risk-weighted assets, and (4) make certain 
public disclosures regarding their capital ratios, their components, 
and information on implicit support provided to a securitization. There 
are no required reporting forms associated with this information 
collection.
    The Agencies, on August 30, 2012, proposed three rules that would 
amend this collection:
    Regulatory Capital Rules: Regulatory Capital, Implementation of 
Basel III, Minimum Regulatory Capital Ratios, Capital Adequacy, 
Transition Provisions, and Prompt Corrective Action (77 FR 52792); 
Regulatory Capital Rules: Standardized Approach for Risk-Weighted 
Assets; Market Discipline and Disclosure Requirements (77 FR 52888); 
and Regulatory Capital Rules: Advanced Approaches Risk-based Capital 
Rules; Market Risk Capital Rule (77 FR 52978). An information 
collection request to revise and rename the collection on the basis of 
the three rules has been submitted to OMB for review. However, since 
the FDIC's collection expires on January 31, 2013, the FDIC is 
proceeding with the renewal process to ensure continuation of the 
collection in the event that OMB does not act on the FDIC's request to 
revise the collection prior to its expiration date.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collection, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the information 
collection on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

    Dated at Washington, DC, this 4th day of September, 2012.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2012-22191 Filed 9-7-12; 8:45 am]
BILLING CODE 6714-01-P