[Federal Register Volume 78, Number 81 (Friday, April 26, 2013)]
[Notices]
[Pages 24810-24811]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-09862]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities; Information Collection 
Renewal; Submission for OMB Review: Funding and Liquidity Risk 
Management

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 continuing 
information collection, as required by the Paperwork Reduction Act of 
1995.
    Under the Paperwork Reduction Act of 1995 (PRA), Federal agencies 
are required to publish notice in the Federal Register concerning each 
proposed collection of information, including each proposed extension 
of an existing collection of information and to allow 60 days for 
public comment in response to the notice.
    In accordance with the requirements of the PRA, the OCC 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 OCC is soliciting comment concerning renewal of its information 
collection titled, ``Funding and Liquidity Risk Management.'' The OCC 
is also giving notice that the collection has been sent to OMB for 
review.

DATES: Comments must be received by May 28, 2013.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention: 1557-0244, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to 
(571) 465-4326 or by electronic mail to [email protected]. 
You may personally inspect and photocopy comments at the OCC, 400 7th 
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) 649-6700. 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.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not enclose any information in your comment or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0244, U.S. Office of Management and Budget, 725 17th 
Street NW., 10235, Washington, DC 20503, or by email to: oira 
[email protected].

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the information collection from Johnny Vilela or Mary H. 
Gottlieb, OCC Clearance Officers, (202) 649-5490, Legislative and 
Regulatory Activities Division, Office of the Comptroller of the 
Currency, 400 7th Street SW., Suite 3E-218, Mailstop 9W-11, Washington, 
DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), Federal 
agencies must obtain approval from the Office of Management and Budget 
(OMB) for each collection of information they conduct or sponsor. 
``Collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 
1320.3(c) to include agency requests or requirements that members of 
the public submit reports, keep records, or provide information to a 
third party. Section 3506(c)(2)(A) of the PRA (44 U.S.C. 3506(c)(2)(A)) 
requires Federal agencies to provide a 60-day notice in the Federal 
Register concerning each proposed collection of information, including 
each proposed extension of an existing collection of information, 
before submitting the collection to OMB for approval. To comply with 
this requirement, the OCC is publishing notice of the proposed 
collection of information set forth in this document.
    The OCC is proposing to extend OMB approval of the following 
information collection:
    Title of Information Collection: Funding and Liquidity Risk 
Management.
    OMB Control No.: 1557-0244.
    Type of Review: Extension, without revision, of a currently 
approved collection.
    Description: The Interagency Policy Statement on Funding and 
Liquidity Risk Management \1\ (Policy Statement)

[[Page 24811]]

summarizes the principles of sound liquidity risk management that the 
agencies have issued in the past \2\ and, where appropriate, harmonizes 
these principles with the international statement issued by the Basel 
Committee on Banking Supervision titled ``Principles for Sound 
Liquidity Risk Management and Supervision.'' \3\ The Policy Statement 
emphasizes supervisory expectations for all depository institutions 
including banks, savings associations, and credit unions.
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    \1\ 75 FR 13656 (March 22, 2010).
    \2\ For national banks and Federal savings associations, see the 
Comptroller's Handbook on Liquidity. For state member banks and bank 
holding companies, see the Federal Reserve's Commercial Bank 
Examination Manual (section 4020), Bank Holding Company Supervision 
Manual (section 4010), and Trading and Capital Markets Activities 
Manual (section 2030). For state non-member banks, see the FDIC's 
Revised Examination Guidance for Liquidity and Funds Management 
(Trans. No. 2002-01) (Nov. 19, 2001), and Financial Institution 
Letter 84-2008, Liquidity Risk Management (August 2008). For 
Federally insured credit unions, see Letter to Credit Unions No. 02-
CU-05, Examination Program Liquidity Questionnaire (March 2002). 
Also see Basel Committee on Banking Supervision, ``Principles for 
Sound Liquidity Risk Management and Supervision'' (September 2008).
    \3\ Basel Committee on Banking Supervision, ``Principles for 
Sound Liquidity Risk Management and Supervision,'' September 2008. 
See www.bis.org/publ/bcbs144.htm. Federally insured credit unions 
are not directly referenced in the principles issued by the Basel 
Committee.
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    Section 14 of the Policy Statement provides that financial 
institutions should consider liquidity costs, benefits, and risks in 
strategic planning and budgeting processes. Significant business 
activities should be evaluated for liquidity risk exposure as well as 
profitability. More complex and sophisticated financial institutions 
should incorporate liquidity costs, benefits, and risks in the internal 
product pricing, performance measurement, and new product approval 
process for all material business lines, products, and activities. 
Incorporating the cost of liquidity into these functions should align 
the risk-taking incentives of individual business lines with the 
liquidity risk exposure their activities create for the institution as 
a whole. The quantification and attribution of liquidity risks should 
be explicit and transparent at the line management level, and should 
include consideration of how liquidity would be affected under stressed 
conditions.
    Section 20 of the Policy Statement requires that liquidity risk 
reports provide aggregate information with sufficient supporting detail 
to enable management to assess the sensitivity of the institution to 
changes in market conditions, its own financial performance, and other 
important risk factors. Institutions also should report on the use of 
and availability of government support, such as lending and guarantee 
programs, and implications on liquidity positions, particularly since 
these programs are generally temporary or reserved as a source for 
contingent funding.
    Affected Public: Businesses or other for-profit.
    Estimated Burden:
    The OCC estimates the burden of this collection of information on 
national banks and Federal savings associations as follows:
    Estimated Number of Respondents: 1,833 total (13 large (over $100 
billion in assets), 47 mid-size ($10-$100 billion), 1,773 small (less 
than $10 billion).
    Estimated Burden under Section 14: 360 hours per large respondent, 
120 hours per mid-size respondent, and 40 hours per small respondent.
    Estimated Burden under Section 20: 2 hours per month.
    Total Estimated Burden Hours: 125,232 hours.
    Comments: The OCC issued a 60-day Federal Register notice on 
February 15, 2013. 78 FR 11273. No comments were received. Comments 
continue to be solicited on:
    (a) Whether the information collections are 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 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 the services necessary to provide the 
required information.

    Dated: April 19, 2013.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2013-09862 Filed 4-25-13; 8:45 am]
BILLING CODE 4810-33-P