[Federal Register Volume 82, Number 105 (Friday, June 2, 2017)]
[Notices]
[Pages 25655-25657]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-11420]


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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

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, 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.
    On March 1, 2017, the agencies, under the auspices of the Federal 
Financial Institutions Examination Council (FFIEC), requested public 
comment on a proposal to extend, with revision, the Regulatory Capital 
Reporting for Institutions Subject to the Advanced Capital Adequacy 
Framework (FFIEC 101). The FFIEC 101 is completed only by banking 
organizations subject to the advanced approaches risk-based capital 
rule. Generally, this rule applies to 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).
    The agencies proposed to remove two credit valuation adjustment 
(CVA) items from the exposure at default (EAD) column on FFIEC 101 
Schedule B, Summary Risk-Weighted Asset Information for Banks Approved 
to Use Advanced Internal Ratings-Based and Advanced Measurement 
Approaches for Regulatory Capital Purposes (items 31.a and 31.b, column 
D).
    The comment period for this proposal expired on May 1, 2017. The 
agencies did not receive any comments addressing the proposed changes 
and are now submitting requests to OMB for review and approval of the 
extension, with revision, of the FFIEC 101. These reporting changes 
would take effect as of the September 30, 2017, report date.

DATES: Comments must be submitted on or before July 3, 2017.

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, 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

[[Page 25656]]

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: Ann E. Misback, 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 form in Room 
3515, 1801 K Street NW. (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 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: 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. 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: Manuel E. Cabeza, Counsel, (202) 898-3767, Federal Deposit 
Insurance Corporation, 550 17th Street NW., Room MB-3007, 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 Control No.: 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 Control No.: 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; and 3 burden 
hours per quarter for intermediate holding companies to file.
    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; and 72 burden hours for 
intermediate holding companies to file.

FDIC

    OMB Control No.: 3064-0159.
    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 101. The FFIEC 101 
information collection is mandatory for 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

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entity's capital under the Advanced Capital Adequacy Framework; to 
evaluate the impact of the Advanced Capital Adequacy Framework on 
individual reporting entities and on an industry-wide basis and its 
competitive implications; and to supplement on-site examination 
processes. The reporting schedules also assist advanced approaches 
banking organizations in understanding expectations relating to 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

    On March 1, 2017, the agencies requested comment on proposed 
revisions to the FFIEC 101 reporting requirements.\1\ The proposed 
revisions would remove EAD information related to CVAs that already is 
captured in a separate item on FFIEC 101 Schedule B. Specifically, the 
agencies proposed to remove column D (EAD) for items 31.a, ``Credit 
valuation adjustments--simple approach,'' and 31.b, ``Credit valuation 
adjustments--advanced approach.'' These line items were added to the 
FFIEC 101 report in March of 2014, and were intended to provide data 
pertaining to the CVA requirements under the agencies' regulatory 
capital rules \2\ for over-the-counter (OTC) derivative activities.
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    \1\ 82 FR 12274 (March 1, 2017).
    \2\ For national banks and federal savings associations, 12 CFR 
part 3 (OCC); for state member banks and holding companies, 12 CFR 
part 217 (Board); and for state nonmember banks and state savings 
associations, 12 CFR part 324 (FDIC).
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    The agencies subsequently determined that the EAD information 
reported in column D of items 31.a and 31.b on FFIEC 101 Schedule B is 
already captured in column D of item 10 (OTC derivatives--no cross-
product netting--EAD adjustment method) on FFIEC 101 Schedule B. 
Continuing to collect the same EAD information in both places is not 
only redundant, but also may be misinterpreted by the users of FFIEC 
101 data as additional default risk held by the reporting entity. For 
these reasons, the agencies proposed removing column D for items 31.a 
and 31.b on FFIEC 101 Schedule B. The agencies would continue to 
collect the amount of risk-weighted assets for CVAs in column G of 
items 31.a and 31.b on FFIEC 101 Schedule B.
    The comment period for this proposal expired on May 1, 2017. The 
agencies did not receive any comments on the proposal and are now 
submitting requests to OMB for review and approval of the extension, 
with revision, of the FFIEC 101. While the agencies originally proposed 
making the changes effective as of the June 30, 2017, report date, due 
to the time required for the PRA revision process, the agencies have 
revised the proposal. As revised, the reporting changes would instead 
take effect as of the September 30, 2017, report date. However, as the 
two items being removed are not made public or otherwise shared outside 
the agencies, reporting entities may elect to adopt the changes 
immediately by ceasing to report column D of items 31.a and 31.b on 
FFIEC 101 Schedule B.

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 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: May 24, 2017.
Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
    Board of Governors of the Federal Reserve System, May 25, 2017.
Ann E. Misback,
Secretary of the Board.
    Dated at Washington, DC, this 26th day of May, 2017.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017-11420 Filed 6-1-17; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P