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Notice2022-06456

Proposed Agency Information Collection Activities; Comment Request

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Published
March 28, 2022

Issuing agencies

Treasury DepartmentComptroller of the CurrencyFederal Reserve SystemFederal Deposit Insurance Corporation

Abstract

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.

Full Text

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<title>Federal Register, Volume 87 Issue 59 (Monday, March 28, 2022)</title>
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[Federal Register Volume 87, Number 59 (Monday, March 28, 2022)]
[Notices]
[Pages 17410-17412]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-06456]


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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 May 27, 2022.

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: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#0d7d7f6c64636b624d626e6e23797f686c7e236a627b"><span class="__cf_email__" data-cfemail="e0909281898e868fa08f8383ce9492858193ce878f96">[email&#160;protected]</span></a>.
    <bullet> Mail: Chief Counsel's Office, Attention: Comment 
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0325, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
    <bullet> 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

[[Page 17411]]

<a href="http://www.reginfo.gov">www.reginfo.gov</a> 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.
    Following the close of this notice's 60-day comment period, the 
agencies will publish a second notice with a 30-day comment period. 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 method set forth in the next 
bullet.
    Viewing Comments Electronically: Go to <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Hover over 
the ``Information Collection Review'' drop down menu. From the 
``Currently under Review'' 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'' or ``Market 
Risk Regulatory Report for Institutions Subject to the Market Risk 
Capital Rule (FFIEC 102).'' 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 <a href="http://www.reginfo.gov">www.reginfo.gov</a>, please contact the 
Regulatory Information Service Center at (202) 482-7340.
    Board: You may submit comments, which should refer to ``FFIEC 
102,'' by any of the following methods:
    <bullet> Agency Website: <a href="http://www.federalreserve.gov">http://www.federalreserve.gov</a>. Follow the 
instructions for submitting comments at: <a href="http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm">http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm</a>.
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#582a3d3f2b763b3735353d362c2b183e3d3c3d2a39342a3d2b3d2a2e3d763f372e"><span class="__cf_email__" data-cfemail="f381969480dd909c9e9e969d8780b39596979681929f81968096818596dd949c85">[email&#160;protected]</span></a>. Include ``FFIEC 
102'' in the subject line of the message.
    <bullet> Fax: (202) 452-3819 or (202) 452-3102.
    <bullet> 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 website at 
<a href="http://www.federalreserve.gov/generalinfo/foia/proposedregs.cfm">www.federalreserve.gov/generalinfo/foia/proposedregs.cfm</a> 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,'' 
by any of the following methods:
    <bullet> Agency Website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/index.html">https://www.fdic.gov/resources/regulations/federal-register-publications/index.html</a>. Follow the 
instructions for submitting comments on the FDIC's website.
    <bullet> Federal eRulemaking Portal: <a href="https://www.regulations.gov">https://www.regulations.gov</a>. 
Follow the instructions for submitting comments.
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#ceada1a3a3aba0babd8e888a878de0a9a1b8"><span class="__cf_email__" data-cfemail="e2818d8f8f878c9691a2a4a6aba1cc858d94">[email&#160;protected]</span></a>. Include ``FFIEC 102'' in the 
subject line of the message.
    <bullet> Mail: Manuel E. Cabeza, Counsel, Attn: Comments, Room MB-
3007, Federal Deposit Insurance Corporation, 550 17th Street NW, 
Washington, DC 20429.
    <bullet> 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 7:00 a.m. and 5:00 p.m.
    Public Inspection: All comments received will be posted without 
change to <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/index.html">https://www.fdic.gov/resources/regulations/federal-register-publications/index.html</a>, 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 officers 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 
<a href="/cdn-cgi/l/email-protection#1f70766d7e406c6a7d72766c6c7670715f70727d317a706f31787069"><span class="__cf_email__" data-cfemail="1d72746f7c426e687f70746e6e7472735d72707f3378726d337a726b">[email&#160;protected]</span></a>.

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 (<a href="https://www.ffiec.gov/ffiec_report_forms.htm">https://www.ffiec.gov/ffiec_report_forms.htm</a>).
    OCC: Kevin Korzeniewski, Counsel, Chief Counsel's Office, (202) 
649-5490, or for persons who are hearing impaired, TTY, (202) 649-5597. 
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: 42 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: 2,016 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

[[Page 17412]]

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 Confidential Treatment

    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.

Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
Michele Taylor Fennell,
Assistant Secretary of the Board.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on March 21, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-06456 Filed 3-25-22; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P


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