[Federal Register Volume 81, Number 74 (Monday, April 18, 2016)]
[Notices]
[Pages 22702-22707]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-08892]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: 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 (PRA) 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 agencies, under the auspices of the Federal 
Financial Institutions Examination Council (FFIEC), have approved the 
publication of proposed revisions to the Regulatory Capital Reporting 
for Institutions Subject to the Advanced Capital Adequacy Framework 
(FFIEC 101) for public comment. The proposed revisions to the FFIEC 101 
are consistent with the revised regulatory capital rule approved by the 
agencies in July 2013 (regulatory capital rule), as amended by 
subsequent revisions to the supplementary leverage ratio (SLR).
    The proposed collection of SLR data in Tables 1 and 2 of FFIEC 101 
Schedule A would apply to all banking organizations subject to the 
advanced approaches risk-based capital rule (generally, banking 
organizations with $250 billion or more in total consolidated assets or 
$10 billion or more in on-balance sheet foreign exposures) (advanced 
approaches banking organizations), unless the advanced approaches 
banking organization is (i) a consolidated subsidiary of a bank holding 
company (BHC), savings and loan holding company (SLHC), or depository 
institution that is subject to the disclosure requirements in Table 13 
of section 173 of the advanced approaches risk-based capital rule 
(advanced approaches rule), or (ii) a subsidiary of a non-U.S. banking 
organization that is subject to comparable public disclosure 
requirements in its home jurisdiction. Advanced approaches banking 
organizations would begin reporting the proposed SLR data items in 
FFIEC 101 Schedule A, Tables 1 and 2, effective with the September 30, 
2016, reporting date.
    Separately, the proposed collection of SLR data in Tables 1 and 2 
of FFIEC 101 Schedule A would apply to any U.S. intermediate holding 
companies (IHCs) formed or designated for purposes of compliance with 
the Board's Regulation YY (12 CFR 252.153) that are advanced approaches 
banking organizations, effective with the March 31, 2018, reporting 
date. Any subsidiary BHC controlled by a foreign banking organization 
(FBO) that was subject to the SLR requirements prior to the formation 
of an IHC would complete FFIEC 101 Schedule A, Tables 1 and 2, through 
the December 31, 2017, reporting date. The agencies would release 
publicly Tables 1 and 2 of FFIEC 101 Schedule A for all covered banking 
organizations, including IHCs that are required to complete Schedule A.
    At the end of the comment period, the comments will be analyzed to 
determine the extent to which the FFIEC and the agencies should modify 
the proposed revisions. The agencies will then submit the proposed 
revisions to OMB for review and final approval.

DATES: Comments must be submitted on or before June 17, 2016.

[[Page 22703]]


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 to [email protected]. Comments may be sent to: 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, Attention: 1557-0239 (FFIEC 101), 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. 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 or for persons who are deaf or hard of hearing, 
TTY, (202) 649-5597. 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.
    Board: You may submit comments, which should refer to ``FFIEC 
101,'' by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at: 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 reporting 
form number 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 
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 101,'' 
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 101'' 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. Comments may be inspected at the FDIC 
Public Information Center, Room E-1002, 3501 Fairfax Drive, Arlington, 
VA 22226, between 9:00 a.m. and 5:00 p.m. on business days.
    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 regulatory reporting requirements discussed in 
this notice, please contact any of the agency clearance officers whose 
names appear below. In addition, copies of the proposed revised FFIEC 
101 form and instructions can be obtained at the FFIEC's Web site 
(http://www.ffiec.gov/ffiec_report_forms.htm).
    OCC: Shaquita Merritt, OCC Clearance Officer, (202) 649-5490, or 
for persons who are deaf or hard of hearing, TTY, (202) 649-5597, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219.
    Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, 
(202) 452-3829, Office of the Chief Data Officer, Board of Governors of 
the Federal Reserve System, Washington, DC 20551. Telecommunications 
Device for the Deaf (TDD) users may contact (202) 263-4869, Board of 
Governors of the Federal Reserve System, Washington, DC 20551.
    FDIC: Gary A. Kuiper, Counsel, (202) 898-3877, or Manuel E. Cabeza, 
Counsel, (202) 898-3767, Federal Deposit Insurance Corporation, 550 
17th Street NW., Washington, DC 20429.

SUPPLEMENTARY INFORMATION: The agencies are proposing to extend for 
three years, with revision, the FFIEC 101, which is currently an 
approved collection of information for each agency.
    Report Title: Risk-Based Capital Reporting for Institutions Subject 
to the Advanced Capital Adequacy Framework.
    Form Number: FFIEC 101.
    Frequency of Response: Quarterly.
    Affected Public: Business or other for-profit.

OCC

    OMB Number: 1557-0239.
    Estimated Number of Respondents: 20 national banks and federal 
savings associations.
    Estimated Time per Response: 674 burden hours per quarter to file.
    Estimated Total Annual Burden: 53,920 burden hours to file.

Board

    OMB Number: 7100-0319.
    Estimated Number of Respondents: 6 state member banks; 16 bank 
holding companies and savings and loan holding companies; and 6 
intermediate holding companies.
    Estimated Time per Response: 674 burden hours per quarter for state 
member banks to file, 677 burden hours per quarter for bank holding 
companies and savings and loan holding companies to file; 3 burden 
hours per quarter for intermediate holding companies to file; and 300 
burden hours for intermediate holding companies' one-time 
implementation.
    Estimated Total Annual Burden: 16,176 burden hours for state member 
banks to file; 43,328 burden hours for bank holding companies and 
savings and loan holding companies to file; 72 burden hours for 
intermediate holding companies to file; 1,800 burden hours for 
intermediate holding companies' one-time implementation.

FDIC

    OMB Number: 3064-0159.

[[Page 22704]]

    Estimated Number of Respondents: 2 insured state nonmember banks 
and state savings associations.
    Estimated Time per Response: 674 burden hours per quarter to file.
    Estimated Total Annual Burden: 5,392 burden hours to file.

General Description of Reports

    Each advanced approaches banking organization is required to file 
quarterly regulatory capital data on the FFIEC's Regulatory Capital 
Reporting for Institutions Subject to the Advanced Capital Adequacy 
Framework (FFIEC 101). The FFIEC 101 information collection is 
mandatory for institutions subject to the advanced approaches risk-
based capital rule (advanced approaches banking organizations): 12 
U.S.C. 161 (national banks), 12 U.S.C. 324 (state member banks), 12 
U.S.C. 1844(c) (bank holding companies), 12 U.S.C. 1467a(b) (savings 
and loan holding companies), 12 U.S.C. 1817 (insured state nonmember 
commercial and savings banks), 12 U.S.C. 1464 (savings associations), 
and 12 U.S.C. 1844(c), 3106, and 3108 (intermediate holding companies).
    The agencies use these data to assess and monitor the levels and 
components of each reporting entity's capital requirements and the 
adequacy of the entity's capital under the Advanced Capital Adequacy 
Framework; to evaluate the impact and competitive implications of the 
Advanced Capital Adequacy Framework on individual reporting entities 
and on an industry-wide basis; and to supplement on-site examination 
processes. The reporting schedules also assist advanced approaches 
banking organizations in understanding expectations around the system 
development necessary for implementation and validation of the Advanced 
Capital Adequacy Framework. Submitted data that are released publicly 
will also provide other interested parties with information about 
advanced approaches banking organizations' regulatory capital.

Current Actions

I. Overview of the Proposed SLR Changes

A. Summary of Proposed SLR Changes

    The agencies are inviting comment on two proposed new tables that 
would be added to FFIEC 101 Schedule A to collect information related 
to the agencies' SLR disclosures required in Table 13 of section 173 of 
the advanced approaches rule. Proposed Tables 1 and 2, which will 
replace existing items 91 through 98 of FFIEC 101 Schedule A,\1\ would 
be aligned with the international leverage ratio common disclosure 
template that was adopted by the Basel Committee on Banking Supervision 
in January 2014 (international leverage ratio common disclosure 
template),\2\ with some minor changes to the titles of the line items 
and clarifications in the instructions, consistent with the revisions 
to the SLR in the regulatory capital rule (SLR rule) \3\ and the 
accounting terminology of U.S. generally accepted accounting 
principles. The proposal would incorporate the complete international 
leverage ratio common disclosure template into Schedule A in order to 
ensure transparency and comparability of reporting of regulatory 
capital elements among internationally active banking organizations. 
However, one item on the international leverage ratio common disclosure 
template is inapplicable to U.S. firms and has been excluded from 
proposed Schedule A by being shaded out. Specifically, ``Adjustment for 
fiduciary assets recognized on the balance sheet pursuant to the 
operative accounting framework but excluded from the leverage ratio 
exposure measure'' is on the international leverage ratio common 
disclosure template but is not included in proposed Schedule A. The 
proposed revised Schedule A also would include an additional item 
applicable to certain advanced approaches bank holding companies only, 
which would collect data on an advanced approaches bank holding 
company's enhanced SLR buffer, if applicable.
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    \1\ Although items 91 through 98 are included on the FFIEC 101 
report form, these items are currently shaded out and not collected.
    \2\ See Basel Committee on Banking Supervision, Basel III 
leverage ratio framework and disclosure requirements; pages 11-12; 
available at http://www.bis.org/publ/bcbs270.pdf.
    \3\ See 12 CFR 3.10(c)(4) (OCC) for national banks and Federal 
savings associations; 12 CFR 217.10(c)(4) (Board) for BHCs, SLHCs, 
and state member banks; 12 CFR 324.10(c)(4) (FDIC, for state 
nonmember banks and state savings associations), all as amended by 
79 FR 57725 (Sept. 26, 2014).
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B. Scope, Timing, and Frequency of Proposed Reporting Changes

    The proposed revisions to the FFIEC 101 would apply only to an 
advanced approaches banking organization as described in section 
173(a)(2) of the advanced approaches rule.\4\ Generally, the SLR 
disclosures apply to an advanced approaches institution, unless it is 
(1) a consolidated subsidiary of a BHC, SLHC, or depository institution 
that is subject to these disclosure requirements; or (2) a subsidiary 
of a non-U.S. banking organization that is subject to comparable public 
disclosure requirements in its home jurisdiction. Completing the 
proposed FFIEC 101 items for the SLR would satisfy an advanced 
approaches banking organization's requirement to disclose Table 13.
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    \4\ A top-tier advanced approaches banking organization would be 
required to complete Tables 1 and 2 of FFIEC 101 Schedule A, 
regardless of parallel run status. Any advanced approaches banking 
organization that is a consolidated subsidiary of a top-tier 
advanced approaches BHC, SLHC, or insured depository institution 
would not complete Tables 1 and 2.
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    Separately, each advanced approaches banking organization, 
regardless of its parallel run status, is required to disclose its SLR, 
and the numerator and denominator of its SLR, under section 172(d) of 
the advanced approaches rule.\5\ This is a separate disclosure 
requirement, which the agencies have proposed to implement for banks 
and savings associations that are advanced approaches banking 
organizations through a revision to Schedule RC-R, Part I, Regulatory 
Capital Components and Ratios, of the Consolidated Reports of Condition 
and Income (Call Report) (FFIEC 031 and 041) \6\ reporting forms using 
the standard PRA notice and comment process.\7\
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    \5\ See 12 CFR 3.172(d) (OCC); 12 CFR 217.172(d) (Board); and 12 
CFR 324.172(d) (FDIC).
    \6\ OMB Numbers: OCC, 1557-0081; Board, 7100-0036; and FDIC, 
3064-0052.
    \7\ See 80 FR 56539 (September 18, 2015).
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    An IHC formed or designated for purposes of compliance with the 
Board's Regulation YY (12 CFR 252.153) is required to meet all 
applicable capital adequacy standards set forth in the Board's 
Regulation Q, except for subpart E.\8\ An IHC that meets the definition 
of an advanced approaches banking organization under the Board's 
Regulation Q (12 CFR 217.100) (advanced approaches IHC) would begin 
reporting the proposed SLR data items in the FFIEC 101 effective with 
the March 31, 2018, reporting date, and would begin calculating these 
proposed items starting January 1, 2018. This reporting requirement is 
consistent with Regulation YY, which subjects advanced approaches IHCs 
to the SLR beginning on January 1, 2018.\9\ Such an IHC would not be 
required to complete the rest of the FFIEC 101 because Regulation YY 
requires an IHC to calculate its risk-based capital requirements using 
only the standardized approach, and not the advanced approaches rule, 
even if it meets the advanced approaches applicability threshold.\10\ 
Further, any

[[Page 22705]]

subsidiary BHC that is controlled by an FBO that was subject to the SLR 
disclosures prior to the formation of an IHC would complete FFIEC 101 
Schedule A, Tables 1 and 2, through the December 31, 2017, reporting 
date.
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    \8\ See 12 CFR 252.153(e)(2)(i)(A).
    \9\ See Id.
    \10\ An IHC that chooses to comply with subpart E of 12 CFR part 
217 would be required to report the entirety of the FFIEC 101. See 
12 CFR 252.153(e)(2)(i)(B). In contrast, a bank holding company that 
is a subsidiary of a foreign banking organization that is subject to 
subpart E of 12 CFR part 217, but that has received prior written 
approval from the Board to not comply with subpart E of 12 CFR part 
217, would not be required to report the entire FFIEC 101, but 
generally would be expected to complete Schedule A. See 12 CFR 
252.153(e)(2)(i)(C).
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    Depository institutions that are exempt from filing the FFIEC 101, 
but remain subject to the SLR, would not need to begin filing the FFIEC 
101. Instead, these institutions would report their SLR, and the 
numerator and denominator of their SLR, under the proposed Call Report 
revisions discussed above.
    The agencies propose to collect the SLR information in Tables 1 and 
2 of FFIEC 101 Schedule A quarterly. Each reporting entity would 
continue to submit the applicable quarterly reports on the same due 
dates as are currently in effect for the reporting entity for as long 
as it remains subject to the requirements of section 173(a)(2) of the 
advanced approaches rule.

C. Confidentiality

    To ensure transparency of regulatory capital data reported by 
internationally active banking organizations, the agencies propose to 
make public the SLR information collected in proposed SLR Tables 1 and 
2 of FFIEC 101 Schedule A, regardless of an advanced approaches banking 
organization's parallel run status.

D. Initial Reporting

    For the September 30, 2016, and March 31, 2018, initial report 
dates, as applicable, banking organizations may provide reasonable 
estimates for any new or revised items in SLR Tables 1 and 2 of FFIEC 
101 Schedule A initially required to be reported as of that date for 
which the requested information is not readily available. The specific 
wording of the captions for the new or revised SLR items discussed in 
this proposal and the numbering of these data items should be regarded 
as preliminary.

II. Detail of the Proposed FFIEC 101 SLR Data Changes

Schedule A: Advanced Approaches Regulatory Capital

    As described in section I.A of this proposal, the proposed SLR 
items in FFIEC 101 Schedule A, Tables 1 and 2, are aligned with the 
international leverage ratio common disclosure template to ensure 
consistency and comparability of reporting of regulatory capital 
elements by internationally active banking organizations. While the SLR 
calculated under the SLR rule and this reporting proposal would be the 
same, the proposed SLR items in Tables 1 and 2 may require different 
calculation steps than those described in the SLR rule because Tables 1 
and 2 have been designed to be consistent with the calculation steps in 
the international template.
    The proposed items are divided into two tables: (1) Summary 
comparison of accounting assets and total leverage exposure (Table 1) 
and (2) Supplementary leverage ratio (Table 2). A brief description of 
each of these tables and the proposed items is provided below.
A. Table 1, Items 1.1-1.8: Summary Comparison of Accounting Assets and 
Total Leverage Exposure
    Proposed Table 1, items 1.1 through 1.8, would collect summary 
information on accounting assets for purposes of reconciling balance 
sheet assets reported in published financial statements and total 
leverage exposure. The proposed items align with those included in 
Table 1 of the international leverage ratio common disclosure template. 
Item 1.1 would collect total consolidated assets as of quarter end as 
reported in published financial statements. Item 1.2 would collect the 
adjustment for investments in banking, financial, insurance, and 
commercial entities that are consolidated for accounting purposes but 
are outside the scope of regulatory consolidation. Item 1.3, adjustment 
for fiduciary assets recognized on-balance sheet but excluded from 
total leverage exposure, would be shaded out and not collected, as it 
is not applicable to U.S. banking organizations. Item 1.4 would collect 
the accounting and regulatory adjustments required to reconcile what an 
institution reports on its published financial statements with the 
amount an institution includes for exposures to derivatives 
transactions in total leverage exposure (calculated on a quarter end 
basis), in addition to any off-balance sheet and related regulatory 
adjustments (calculated using the mean of the amount calculated as of 
the last day of each of the three months of the reporting quarter). 
Similarly, item 1.5 would collect the accounting and regulatory 
adjustments required to reconcile what an institution reports on its 
published financial statements with the amount an institution includes 
for exposures to repo-style transactions in its total leverage exposure 
(calculated on a quarter end basis), in addition to any off-balance 
sheet and related regulatory adjustments (calculated using the mean of 
the amount calculated as of the last day of each of the three months of 
the reporting quarter). Item 1.6 would collect the adjustment for off-
balance sheet exposures. Item 1.7 would include two subcomponents where 
item 1.7a would collect adjustments for deductions from tier 1 capital 
and item 1.7b would collect adjustments due to the difference in the 
frequency of certain calculations required for accounting purposes 
compared to the measurement required for purposes of total leverage 
exposure. Specifically, 1.7b would adjust an institution's calculations 
in Table 1, items 1.1, 1.4 and 1.5 that are reported on a quarter end 
basis to a daily average as required in the calculation of an 
institution's total leverage exposure as reported in Table 2, item 
2.21. Item 1.8 would collect total leverage exposure by summing items 
1.1 through 1.6 and subtracting items 1.7a and 1.7b. This item should 
equal Table 2, item 2.21.
    The agencies request comment on whether Table 1 should include an 
additional reporting item for any other adjustments necessary to 
reconcile an institution's balance sheet assets reported in published 
financial statement with total leverage exposure as reported in Table 
2, item 2.21. Commenters should also provide a description of the 
additional adjustments.
B. Table 2, Items 2.1-2.23: Supplementary Leverage Ratio
    Proposed Table 2, items 2.1 through 2.23, would collect detailed 
information for the calculation of total leverage exposure and the SLR, 
consistent with the international leverage ratio common disclosure 
template.
    Items 2.1 through 2.3 would collect information about an 
institution's on-balance sheet exposures. Item 2.1 would collect the 
balance sheet carrying value of all on-balance sheet assets, net of the 
allowance for loan and lease losses as defined in the regulatory 
capital rule (excluding on-balance sheet assets for derivative 
transactions and repo-style transactions, but including on-balance 
sheet collateral received in derivative transactions). Item 2.2 would 
collect deductions from common equity tier 1 capital and additional 
tier 1 capital, calculated as the sum of existing items 28 and 43 on 
Schedule A of the FFIEC 101, net of Schedule A, items 11, 14, and 
certain amounts reported in item

[[Page 22706]]

27. Item 2.3 would collect total on-balance sheet exposures, calculated 
as the difference between items 2.1 and 2.2.
    Items 2.4 through 2.11 would collect information about an 
institution's derivative exposures. Item 2.4 would collect the 
replacement cost for cleared and non-cleared derivative transactions. 
Item 2.5 would collect the add-on amounts for potential future exposure 
(PFE) for all derivative transactions included in item 2.4 (regardless 
of whether the transaction or the transaction's netting set has a 
positive or negative fair value). Item 2.6 would collect the gross-up 
amount for collateral posted in derivative transactions if the 
collateral is deducted from on-balance sheet assets. Item 2.7 would 
collect the deduction of receivable assets for qualifying cash 
variation margin posted in derivative transactions. Item 2.8 would 
collect exempted exposures to central counterparties in cleared 
transactions. Item 2.9 would collect the adjusted effective notional 
principal amount of sold credit protection. Item 2.10 would collect the 
adjusted effective notional principal amount offsets and PFE deductions 
for sold credit protection. Item 2.11 would collect total derivative 
exposures, calculated as the sum of items 2.4, 2.5, 2.6, and 2.9, minus 
items 2.7, 2.8, and 2.10.
    Items 2.12 through 2.16 would collect information about an 
institution's repo-style transactions. Item 2.12 would collect gross 
assets for repo-style transactions, with no recognition of netting. 
Item 2.13 would collect the reduction of the gross value of receivables 
in reverse repurchase transactions by cash payables in repurchase 
transactions with the same counterparty. Item 2.14 would collect the 
counterparty credit risk for all repo-style transactions. Item 2.15 
would collect the exposure amount for repo-style transactions where an 
institution acts as an agent. Item 2.16 would collect total exposures 
for repo-style transactions, calculated as the sum of items 2.12, 2.14, 
and 2.15, minus item 2.13.
    Items 2.17 through 2.19 would collect information about an 
institution's off-balance sheet exposures. Item 2.17 would collect off-
balance sheet exposures at gross notional amounts. Item 2.18 would 
collect adjustments for conversion to credit equivalent amounts. Item 
2.19 would collect total off-balance sheet exposures, calculated as the 
difference between items 2.17 and 2.18.
    Items 2.20 through 2.22 would collect information about an 
institution's capital, total leverage exposure, and the SLR. Item 2.20 
would collect tier 1 capital as reported in existing item 45 on 
Schedule A of the FFIEC 101. Item 2.21 would collect total leverage 
exposure, calculated as the sum of items 2.3, 2.11, 2.16, and 2.19. 
Item 2.22 would collect the SLR, calculated by dividing item 2.20 by 
item 2.21.\11\
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    \11\ The SLR is also reported in the Call Report, Schedule RC-R, 
and the FR Y-9C, Schedule HC-R. The agencies are planning to revise 
the instructions for the items in these reports in which the SLR is 
reported to cross-reference the SLR reported in proposed item 2.22 
in Table 2 of the FFIEC 101 for those institutions that will report 
the proposed SLR item in the FFIEC 101.
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    Item 2.23, the enhanced SLR buffer, is an additional line item that 
is not included on the international leverage ratio common disclosure 
template. This item would apply only to advanced approaches BHCs that 
are subject to the enhanced SLR standard and it would help determine 
whether the bank holding company is subject to limitations on capital 
distributions and discretionary bonus payments.\12\
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    \12\ 79 FR 24528 (May 1, 2014); 80 FR 49082 (August 14, 2015).
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III. Reporting the Legal Entity Identifier

    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 (FSB) 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.\13\
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    \13\ Financial Stability Oversight Council 2015 Annual Report, 
page 14, 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 \14\ 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 December 31, 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.\15\ With respect to the FFIEC 
101, the agencies are proposing to have advanced approaches banking 
organizations provide their LEI on the cover page of the report 
beginning March 31, 2016, only if an organization already has an LEI. 
As with the Board reports, an advanced approaches banking organization 
that does not have an LEI would not be required to obtain one for 
purposes of reporting it on the FFIEC 101.
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    \14\ 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).
    \15\ 80 FR 38202 (July 2, 2015).
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IV. Request for Comment

    Public comment is requested on all aspects of this joint notice. 
Comments are invited on
    (a) Whether the collections of information that are the subject of 
this notice 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 as they are proposed to be revised, 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

[[Page 22707]]

    (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 and will be summarized or included in the agencies' 
requests for OMB approval. All comments will become a matter of public 
record.

    Dated: April 7, 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 13, 
2016.
Robert deV. Frierson,
Secretary of the Board.
    Dated at Washington, DC, this 6th day of April, 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-08892 Filed 4-15-16; 8:45 am]
 BILLING CODE 4810-33-P; 6210-01-01-P; 6714-01-P