[Federal Register Volume 81, Number 198 (Thursday, October 13, 2016)]
[Notices]
[Pages 70739-70741]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-24756]


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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: Submission for OMB 
Review; Joint 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: Notice of information collections to be submitted to the Office 
of Management and Budget (OMB) for review and approval under the 
Paperwork Reduction Act of 1995 (PRA).

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SUMMARY: In accordance with the requirements of the PRA (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 OMB 
control number. On July 5, 2016, the agencies, under the auspices of 
the Federal Financial Institutions Examination Council (FFIEC), 
requested public comment for 60 days (81 FR 43605) on a proposal to 
extend, with revision, the Market Risk Regulatory Report for 
Institutions Subject to the Market Risk Capital Rule (FFIEC 102), which 
is currently an approved collection of information for each agency. The 
comment period for this notice ended on September 6, 2016. The agencies 
did not receive any comments. The agencies are now submitting a request 
to OMB for review and approval of the extension, with revision, of the 
FFIEC 102. The proposed revisions would take effect December 31, 2016.

DATES: Comments must be submitted on or before November 14, 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 numbers, 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]. Alternatively, comments 
may be sent to: Legislative and Regulatory Activities Division, Office 
of the Comptroller of the Currency, Attention: 1557-0325 (FFIEC 102), 
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 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 
102,'' by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at: http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.

[[Page 70740]]

     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 
http://www.federalreserve.gov/apps/foia/proposedregs.aspx 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 3515, 
1801 K Street (between 18th and 19th Streets), NW., Washington, DC 
20006, between 9:00 a.m. and 5:00 p.m. on weekdays.
    FDIC: You may submit comments, which should refer to ``FFIEC 102,'' 
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 102'' in the 
subject line of the message.
     Mail: Manuel E. Cabeza, Counsel, Room MB-3007, 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 
revisions to the FFIEC 102 discussed in this notice, please contact any 
of the agency clearance officers whose names appear below. In addition, 
copies of the FFIEC 102 reporting form and instructions are available 
on 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) 452-3884, Office of the Chief Data Officer, 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: Manuel E. Cabeza, Counsel, (202) 898-3767, Legal Division, 
Federal 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 102, which is currently an approved 
collection of information for each agency:
    Report Title: Market Risk Regulatory Report for Institutions 
Subject to the Market Risk Capital Rule.
    Form Number: FFIEC 102.
    Frequency of Response: Quarterly.
    Affected Public: Business or other for-profit.

OCC

    OMB Control No.: 1557-0325.
    Estimated Number of Respondents: 12 national banks and federal 
savings associations.
    Estimated Burden per Response: 12 burden hours per quarter to file.
    Estimated Total Annual Burden: 576 burden hours to file.

Board

    OMB Control No.: 7100-0365.
    Estimated Number of Respondents: 31 state member banks, bank 
holding companies, savings and loan holding companies, and intermediate 
holding companies.
    Estimated Burden per Response: 12 burden hours per quarter to file.
    Estimated Total Annual Burden: 1,488 burden hours to file.

FDIC

    OMB Control No.: 3064-0199.
    Estimated Number of Respondents: 1 insured state nonmember bank or 
state savings association.
    Estimated Burden per Response: 12 burden hours per quarter to file.
    Estimated Total Annual Burden: 48 burden hours to file.

General Description of Report

    This quarterly information collection is mandatory for market risk 
institutions, defined for this purpose as those institutions that are 
subject to the market risk capital rule as incorporated into Subpart F 
of the agencies' regulatory capital rules (market risk 
institutions).\1\ All data reported in the FFIEC 102 are available to 
the public. Each market risk institution is required to file the FFIEC 
102 for the agencies' use in assessing the reasonableness and accuracy 
of the institution's calculation of its minimum capital requirements 
under the market risk capital rule and in evaluating the institution's 
capital in relation to its risks. Additionally, the market risk 
information collected in the FFIEC 102: (a) Permits the agencies to 
monitor the market risk profile of and evaluate the impact and 
competitive implications of the market risk capital rule on individual 
market risk institutions and the industry as a whole; (b) provides the 
most current statistical data available to identify areas of market 
risk on which to focus for onsite and offsite examinations; (c) allows 
the agencies to assess and monitor the levels and components of each 
reporting institution's risk-based capital requirements for market risk 
and the adequacy of the institution's capital under the market risk 
capital rule; and (d) assists market risk institutions in validating 
their implementation of the market risk framework.
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    \1\ 12 CFR 3.201 (OCC); 12 CFR 217.201 (Board); and 12 CFR 
324.201 (FDIC). The market risk capital rule generally applies to 
any banking institution with aggregate trading assets and trading 
liabilities equal to (a) 10 percent or more of quarter-end total 
assets or (b) $1 billion or more. The statutory provisions that 
grant the agencies the authority to impose capital reporting 
requirements are 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. 5365 
(U.S. intermediate holding companies), 12 U.S.C. 1817 (insured state 
nonmember commercial and savings banks), and 12 U.S.C. 1464 (savings 
associations).
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Current Actions

    On July 5, 2016, the agencies published a notice in the Federal 
Register \2\ and requested comment on a proposal to revise the FFIEC 
102 effective December 31, 2016, to (1) have a market risk institution 
provide its Legal Entity Identifier (LEI) on the reporting form, only 
if the institution already has an LEI, and (2) add U.S. Intermediate 
Holding Companies to the Board's respondent panel. The comment

[[Page 70741]]

period for this notice ended on September 6, 2016.
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    \2\ 81 FR 43605 (July 5, 2016).
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    The agencies did not receive any comments. The agencies are now 
submitting a request to OMB for review and approval of the extension, 
with revision, of the FFIEC 102 that incorporates the two changes 
proposed in the July 5 notice.

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
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide the 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: October 5, 2016.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
    Board of Governors of the Federal Reserve System, October 6, 
2016.
Robert deV. Frierson,
Secretary of the Board.
    Dated at Washington, DC, this 6th day of October, 2016.
    Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2016-24756 Filed 10-12-16; 8:45 am]
 BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P