Notice2022-15888
Proposed Agency Information Collection Activities; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 25, 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. On March 28, 2022, the Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, requested public comment for 60 days on 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. The comment period for the March 2022 notice expired on May 27, 2022. No comments were received and the agencies will proceed with the extension, without revision, of the FFIEC 102. In addition, the agencies are giving notice that they are sending the collections to OMB for review.
Full Text
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<title>Federal Register, Volume 87 Issue 141 (Monday, July 25, 2022)</title>
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[Federal Register Volume 87, Number 141 (Monday, July 25, 2022)]
[Notices]
[Pages 44188-44190]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-15888]
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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. On March 28,
2022, the Federal Financial Institutions Examination Council (FFIEC),
of which the agencies are members, requested public comment for 60 days
on 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. The comment period for the March 2022
notice expired on May 27, 2022. No comments were received and the
agencies will proceed with the extension, without revision, of the
FFIEC 102. In addition, the agencies are giving notice that they are
sending the collections to OMB for review.
DATES: Comments must be submitted on or before August 24, 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#156567747c7b737a557a76763b61677074663b727a63"><span class="__cf_email__" data-cfemail="c5b5b7a4acaba3aa85aaa6a6ebb1b7a0a4b6eba2aab3">[email 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.
[[Page 44189]]
<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 <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.
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#4f3d2a283c612c2022222a213b3c0f292a2b2a3d2e233d2a3c2a3d392a61282039"><span class="__cf_email__" data-cfemail="71031416025f121e1c1c141f0502311714151403101d031402140307145f161e07">[email 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/regulations/laws/federal/">https://www.fdic.gov/regulations/laws/federal/</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#91f2fefcfcf4ffe5e2d1d7d5d8d2bff6fee7"><span class="__cf_email__" data-cfemail="70131f1d1d151e040330363439335e171f06">[email 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 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 <a href="https://www.fdic.gov/regulations/laws/federal/">https://www.fdic.gov/regulations/laws/federal/</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#630c0a11023c1016010e0a10100a0c0d230c0e014d060c134d040c15"><span class="__cf_email__" data-cfemail="36595f4457694543545b5f45455f595876595b541853594618515940">[email 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: On March 28, 2022, the agencies requested
public comment on a proposal to extend for three years, without
revision, the FFIEC 102. The comment period expired on May 27, 2022,
and no comments were received. The agencies will proceed with the
extension without revision of the FFIEC 102, as proposed, and are
sending the collections to OMB for review.
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
[[Page 44190]]
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 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,
Deputy Associate Secretary of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on July 19, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-15888 Filed 7-22-22; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P
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