[Federal Register Volume 81, Number 72 (Thursday, April 14, 2016)]
[Notices]
[Pages 22163-22165]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-08586]



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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCIES: 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.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (44 U.S.C. chapter 35), 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, with revision, 
the Country Exposure Report (FFIEC 009) and the Country Exposure 
Information Report (FFIEC 009a), which are currently approved 
collections of information. The agencies propose to modify these 
collections effective September 30, 2016, to (1) have institutions 
provide their Legal Entity Identifier (LEI) on both reporting forms, 
only if they already have one, and (2) add Intermediate Holding 
Companies (IHCs) to the Board's respondent panel. At the end of the 
comment period, the comments and recommendations received will be 
analyzed to determine the extent to which the FFIEC and the agencies 
should modify the proposed revisions prior to giving final approval. 
The agencies will then submit the revisions to OMB for review and 
approval.

DATES: Comments must be submitted on or before June 13, 2016.

ADDRESSES: Interested parties are invited to submit written comments to 
any or all of the agencies. All comments, which should refer to the OMB 
control number(s), will be shared among the agencies.
    OCC: 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 ``1557-0100, FFIEC 009 and FFIEC 009a,'' 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 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 include any information in your comments or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    Board: You may submit comments, which should refer to ``FFIEC 009 
and FFIEC 009a,'' by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments on the http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include the 
reporting form numbers in the subject line of the message.
     FAX: 202-452-3819 or 202-452-3102.
     Mail: Robert deV. Frierson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.
    All public comments are available from the Board's Web site at 
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as 
submitted, unless modified for technical reasons. Accordingly, your 
comments will not be edited to remove any identifying or contact 
information. Public comments may also be viewed electronically or in 
paper in Room MP-500 of the Board's Martin Building (20th and C Streets 
NW.) between 9:00 a.m. and 5:00 p.m. on weekdays.
    FDIC: You may submit comments, which should refer to ``FFIEC 009 
and FFIEC 009a,'' by any of the following methods:
     Agency Web site: https://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC 
Web site.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include ``FFIEC 009 and FFIEC 
009a'' in the subject line of the message.
     Mail: Gary A. Kuiper, Counsel, Room MB-3016, or Manuel E. 
Cabeza, Counsel, Room MB-3105, Attn: Comments, 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 officer 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 FFIEC 009 and FFIEC 009a discussed in this 
notice, please contact any of the agency staff whose names appear 
below. In addition, copies of the FFIEC 009 and FFIEC 009a reporting 
forms can be obtained at the FFIEC's Web site (http://www.ffiec.gov/ffiec_report_forms.htm).
    OCC: Mary H. Gottlieb, OCC Clearance Officer, 202-649-5490, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, Washington, DC 20219.
    Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, 
202-452-3884, Division of Research and Statistics, 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: Gary Kuiper, Counsel, (202) 898-3877, or Manuel E. Cabeza, 
Counsel, (202) 898-3767, Federal

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Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 
20429.

SUPPLEMENTARY INFORMATION: The agencies are proposing to revise and 
extend for three years the FFIEC 009 and FFIEC 009a, which are 
currently an approved collection of information for each agency.
    Report Titles: Country Exposure Report and Country Exposure 
Information Report.
    Form Numbers: FFIEC 009 and FFIEC 009a.
    Frequency of Response: Quarterly.
    Affected Public: Business or other for profit.

OCC

    OMB Number: 1557-0100.
    Estimated Number of Respondents: 16 (FFIEC 009), 9 (FFIEC 009a).
    Estimated Average Time per Response: 131 hours (FFIEC 009), 6 hours 
(FFIEC 009a).
    Estimated Total Annual Burden: 8,384 hours (FFIEC 009), 216 hours 
(FFIEC 009a).

Board

    OMB Number: 7100-0035.
    Estimated Number of Respondents: 45 (FFIEC 009), 33 (FFIEC 009a).
    Estimated Average Time per Response: 131 hours (FFIEC 009), 6 hours 
(FFIEC 009a).
    Estimated Total Annual Burden: 23,580 hours (FFIEC 009), 792 hours 
(FFIEC 009a).

FDIC

    OMB Number: 3064-0017.
    Estimated Number of Respondents: 17 (FFIEC 009), 9 (FFIEC 009a).
    Estimated Average Time per Response: 131 hours (FFIEC 009), 6 hours 
(FFIEC 009a).
    Estimated Total Annual Burden: 8,908 hours (FFIEC 009), 216 hours 
(FFIEC 009a).

General Description of Reports

    The Country Exposure Report (FFIEC 009) is filed quarterly with the 
agencies and provides information on international claims of U.S. 
banks, savings associations, bank holding companies, and savings and 
loan holding companies that is used for supervisory and analytical 
purposes. The information is used to monitor the foreign country 
exposures of reporting institutions to determine the degree of risk in 
their portfolios and assess the potential risk of loss. The Country 
Exposure Information Report (FFIEC 009a) is a supplement to the FFIEC 
009 and provides publicly available information on material foreign 
country exposures (all exposures to a country in excess of 1 percent of 
total assets or 20 percent of capital, whichever is less) of U.S. 
banks, savings associations, bank holding companies, and savings and 
loan holding companies that file the FFIEC 009 report. As part of the 
Country Exposure Information Report, reporting institutions also must 
furnish a list of countries in which they have lending exposures above 
0.75 percent of total assets or 15 percent of total capital, whichever 
is less.

Discussion of Proposed Revisions

    A. The Legal Entity Identifier (LEI) is a 20-digit alpha-numeric 
code that uniquely identifies entities that engage in financial 
transactions. The recent financial crisis spurred the development of a 
Global LEI System (GLEIS). Internationally, regulators and market 
participants have recognized the importance of the LEI as a key 
improvement in financial data systems. The Group of Twenty (G-20) 
nations directed the Financial Stability Board to lead the coordination 
of international regulatory work and deliver concrete recommendations 
on the GLEIS by mid-2012, which in turn were endorsed by the G-20 later 
that same year. In January 2013, the LEI Regulatory Oversight Committee 
(ROC), including participation by regulators from around the world, was 
established to oversee the GLEIS on an interim basis. With the 
establishment of the full Global LEI Foundation in 2014, the ROC 
continues to review and develop broad policy standards for LEIs. The 
OCC, the Board, and the FDIC are all members of the ROC.
    The LEI system is designed to facilitate several financial 
stability objectives, including the provision of higher quality and 
more accurate financial data. In the United States, the Financial 
Stability Oversight Council (FSOC) has recommended that regulators and 
market participants continue to work together to improve the quality 
and comprehensiveness of financial data both nationally and globally. 
In this regard, the FSOC also has recommended that its member agencies 
promote the use of the LEI in reporting requirements and rulemakings, 
where appropriate.\1\
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    \1\ Financial Stability Oversight Council 2015 Annual Report, 
page 14, at http://www.treasury.gov/initiatives/fsoc/studies-reports/Documents/2015%20FSOC%20Annual%20Report.pdf.
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    Effective beginning October 31, 2014, the Board started requiring 
holding companies to provide their LEI on the cover pages of the FR Y-
6, FR Y-7, and FR Y-10 reports \2\ only if a holding company already 
has an LEI. Thus, if a reporting holding company does not have an LEI, 
it is not required to obtain one for purposes of these Board reports. 
Additionally, effective for December 2015, the Board expanded the 
collection of the LEI to all holding company subsidiary banking and 
nonbanking legal entities reportable on certain schedules of the FR Y-
10 and in one section of the FR Y-6 and FR Y-7 if an LEI has already 
been issued for the reportable entity. With respect to the FFIEC 009 
and FFIEC 009a, the agencies are proposing to have reporting 
institutions provide their LEI on the cover page of each report 
beginning September 30, 2016, only if an institution already has an 
LEI. As with the Board reports, an institution that does not have an 
LEI would not be required to obtain one for purposes of reporting it on 
the FFIEC 009 and FFIEC 009a.
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    \2\ FR Y-6, Annual Report of Holding Companies; FR Y-7, Annual 
Report of Foreign Banking Organizations; and FR Y-10, Report of 
Changes in Organizational Structure (OMB No. 7100-0297).
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    B. On December 14, 2012, the Board invited comment on a notice of 
proposed rulemaking (proposed Regulation YY) \3\ that would have 
required a Foreign Banking Organization (FBO) with $50 billion in non-
branch assets to establish a U.S. IHC, imposed enhanced prudential 
standards on the IHC, and required the IHC to submit any reporting 
forms in the same manner and to the same extent as a bank holding 
company. On February 18, 2014, the Board adopted a final rule 
implementing enhanced prudential standards for FBOs (Regulation YY),\4\ 
with certain revisions in response to comments. The Board indicated in 
the preamble to Regulation YY that it would address the reporting 
requirements for IHCs at a later date. Based on the background provided 
above, the agencies propose to add IHCs to the FFIEC 009 and FFIEC 009a 
panel of Board respondents beginning September 30, 2016.
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    \3\ See 77 FR 76628 (December 28, 2012).
    \4\ See 79 FR 17240 (March 27, 2014).
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Legal Basis for the Information Collection

    These information collections are mandatory under the following 
statutes: 12 U.S.C. 161 and 1817 (national banks), 12 U.S.C. 1464 
(federal savings associations), 12 U.S.C. 248(a)(1) and (2), 1844(c), 
and 3906 (state member banks and bank holding companies); 12 U.S.C. 
1467a(b)(2)(A) (savings and loan holding companies); 12 U.S.C. 5365(a) 
(intermediate holding companies); and 12 U.S.C. 1817 and 1820 (insured 
state nonmember commercial and savings

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banks and insured state savings associations). The FFIEC 009 
information collection is given confidential treatment (5 U.S.C. 
552(b)(4) and (b)(8)). The FFIEC 009a information collection is not 
given confidential treatment.

Request for Comment

    The agencies invite comment on the following topics related to this 
collection of information:
    (a) Whether the information collections 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 
information collections, 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. All comments will become a matter of public record.

    Dated: April 4, 2016.
Stuart Feldstein,
Director, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency.
    Board of Governors of the Federal Reserve System, April 8, 2016.
Robert deV. Frierson,
Secretary of the Board.
    Dated at Washington, DC, this 4th day of April, 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-08586 Filed 4-13-16; 8:45 am]
 BILLING CODE 4810-33-P; 6714-01-P; 6210-01-P