    [Federal Register Volume 90, Number 84 (Friday, May 2, 2025)]
    [Notices]
    [Pages 18893-18894]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 2025-07631]

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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 of 1995 (PRA), 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 for three years, without 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. At the end of the comment
    period for this notice the FFIEC and the agencies will review any
    comments received to determine whether to modify the proposal in
    response to comments. As required by the PRA, the agencies will then
    publish a second Federal Register notice for a 30-day comment period
    and submit the final FFIEC 102 to OMB for review and approval.

    DATES: Comments must be submitted on or before July 1, 2025.

    ADDRESSES: Interested parties are invited to submit written comments to
    any or all of the agencies. All comments will be shared among the
    agencies.
        OCC: You may submit comments by any of the following methods:
         Email: prainfo@occ.treas.gov.
         Mail: Chief Counsel's Office, Office of the Comptroller of
    the Currency, Attention: 1557-0325, 400 7th Street SW, Suite 3E-218,
    Washington, DC 20219.
         Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
    Washington, DC 20219.
        Instructions: You must include ``OCC'' as the agency name and
    ``1557-0325'' in your comment. In general, the OCC will publish
    comments on www.reginfo.gov without change, including any business or
    personal information provided, such as name and address information,
    email addresses, or phone numbers. 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 comment or supporting materials that you consider confidential
    or inappropriate for public disclosure.
        You may review comments and other related materials that pertain to
    this information collection beginning on the date of publication of the
    second notice for this collection by the following method:
         Viewing Comments Electronically: Go to www.reginfo.gov.
    Hover over the ``Information Collection Review'' drop down menu and
    select ``Information Collection Review.'' Underneath the ``Currently
    under Review'' section heading, from the drop-down menu select
    ``Department of Treasury'' and then click ``submit.'' This information
    collection can be located by searching by OMB control number ``1557-
    0325.'' Upon finding the appropriate information collection, click on
    the related ``ICR Reference Number.'' On the next screen, select ``View
    Supporting Statement and Other Documents'' and then click on the link
    to any comment listed at the bottom of the screen.
         For assistance in navigating www.reginfo.gov, please
    contact the Regulatory Information Service Center at (202) 482-7340.
        Board: You may submit comments, which should refer to ``FFIEC 102
    Revisions,'' by any of the following methods:
         Agency Website: http://www.federalreserve.gov. Follow the
    instructions for submitting comments at: http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
         Email: regs.comments@federalreserve.gov. Include ``FFIEC
    102 Revisions'' in the subject line of the message.
         Fax: (202) 395-6974.
         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 on the Board's website at https://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.
        FDIC: You may submit comments, which should refer to ``FFIEC 102
    Revisions,'' by any of the following methods:
         Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/. Follow the instructions for
    submitting comments on the FDIC's website.
         Email: comments@FDIC.gov. Include ``FFIEC 102 Revisions''
    in the subject line of the message.
         Mail: Manuel E. Cabeza, Counsel, Attn: Comments, Room MB-
    3128, 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 NW building (located on F
    Street NW) on business days between 7 a.m. and 5 p.m.
         Public Inspection: All comments received, including any
    personal information provided, will be posted without change to https://www.fdic.gov/resources/regulations/federal-register-publications/.
    Commenters should submit only information that the commenter wishes to
    make available publicly. The FDIC may review, redact, or refrain from
    posting all or any portion of any comment that it may deem to be
    inappropriate for publication, such as irrelevant or obscene material.
    The FDIC may post only a single representative example of identical or
    substantially identical comments, and in such cases will generally
    identify the number of identical or substantially identical comments
    represented by the posted example. All comments that have been
    redacted, as well as those that have not been posted, that contain
    comments on the merits of this document will be retained in the public
    comment file and

    [[Page 18894]]

    will be considered as required under all applicable laws. All comments
    may be accessible under the Freedom of Information Act.
        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
    oira_submission@omb.eop.gov.

    FOR FURTHER INFORMATION CONTACT: For further information about the
    information collections discussed in this notice, please contact any of
    the agency staff whose names appear below. In addition, copies of the
    FFIEC 102 reporting forms and instructions can be obtained at the
    FFIEC's website (https://www.ffiec.gov/ffiec_report_forms.htm).
        OCC: Shaquita Merritt, Clearance Officer, (202) 649-5490, Chief
    Counsel's Office, Office of the Comptroller of the Currency, 400 7th
    Street SW, Washington, DC 20219. If you are deaf, hard of hearing, or
    have a speech disability, please dial 7-1-1 to access
    telecommunications relay services.
        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 extend for
    three years, without revision, the FFIEC 102, which is currently an
    approved collection of information for each agency.
        Report Titles: Market Risk Regulatory Report for Institutions
    Subject to the Market Risk Capital Rule.
        Form Numbers: FFIEC 102.
        Frequency of Response: Quarterly.
        Affected Public: Business or other for profit.

    OCC

        OMB Number: 1557-0325.
        Estimated Number of Respondents: 16 national banks and federal
    savings associations.
        Estimated Average Time per Response: 12 hours per quarter.
        Estimated Total Annual Burden: 768 hours.

    Board

        OMB Number: 7100-0365.
        Estimated Number of Respondents: 41 state member banks, bank
    holding companies, savings and loan holding companies, and intermediate
    holding companies.
        Estimated Average Time per Response: 12 hours per quarter.
        Estimated Total Annual Burden: 1,968 hours.

    FDIC

        OMB Number: 3064-0199.
        Estimated Number of Respondents: 1 insured state nonmember bank and
    state savings association.
        Estimated Average Time per Response: 12 hours per quarter.
        Estimated Total Annual Burden: 48 hours.

    General Description of Reports

        The Market Risk Regulatory Report for Institutions Subject to the
    Market Risk Capital Rule (FFIEC 102) is filed quarterly with the
    agencies and provides information 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 \1\ (market risk institutions). 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.
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    Statutory Basis and Data Availability

        The quarterly FFIEC 102 information collection is mandatory for
    market risk institutions: 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). The FFIEC 102 information collections are not given
    confidential treatment.

    Request for Comment

        The agencies invite comment on the following topics related to
    these collections 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.

    Patrick T. Tierney,
    Assistant Director, Office of the Comptroller of the Currency.

    Benjamin W. McDonough,
    Deputy Secretary and Ombuds of the Board.

        Dated at Washington, DC, on April 28, 2025.
    Jennifer M. Jones,
    Deputy Executive Secretary.
    Federal Deposit Insurance Corporation.

    [FR Doc. 2025-07631 Filed 5-1-25; 8:45 am]
    BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P