[Federal Register Volume 75, Number 204 (Friday, October 22, 2010)]
[Notices]
[Pages 65402-65404]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-26585]
[[Page 65402]]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
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); Federal
Deposit Insurance Corporation (FDIC); and Office of Thrift Supervision
(OTS), Treasury.
ACTION: Joint notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act (PRA) of 1995 (44 U.S.C. chapter 35), the OCC, the Board, the FDIC,
and the OTS (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, with
revision, the Advanced Capital Adequacy Framework Regulatory Reporting
Requirements (FFIEC 101), which is a currently approved collection of
information. At the end of the comment period, the comments and
recommendations received will be analyzed to determine the extent to
which the FFIEC and the agencies should modify the proposed revisions
to the FFIEC 101 report prior to giving final approval. The agencies
will then submit the proposal to OMB for review and approval.
DATES: Comments must be submitted on or before December 21, 2010.
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: You should direct all written comments to: Communications
Division, Office of the Comptroller of the Currency, Public Information
Room, Mailstop 2-3, Attention: 1557-0239, 250 E Street, SW.,
Washington, DC 20219. In addition, comments may be sent by fax to (202)
874-5274, or by electronic mail to [email protected]. You may
personally inspect and photocopy comments at the OCC, 250 E 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) 874-4700. 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.
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 on the http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
E-mail: [email protected]. Include the
reporting form number in the subject line of the message.
FAX: (202) 452-3819 or (202) 452-3102.
Mail: Jennifer J. Johnson, 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/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 in Room MP-500
of the Board's Martin Building (20th and C Streets, NW.) between 9 a.m.
and 5 p.m. on weekdays.
FDIC: You may submit comments, which should refer to ``FFIEC 101,
3064-0159,'' by any of the following methods:
Agency Web Site: http://www.fdic.gov/regulations/laws/federal/propose.html. Follow the instructions for submitting comments
on the FDIC Web site.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
E-mail: [email protected]. Include ``FFIEC 101, 3064-
0159'' in the subject line of the message.
Mail: Leneta G. Gregorie, (202) 898-3719, Counsel, Attn:
Comments, Room F-1064, 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 a.m. and 5 p.m.
Public Inspection: All comments received will be posted without
change to http://www.fdic.gov/regulations/laws/federal/propose.html
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 a.m. and 5 p.m. on business days.
OTS: You may submit comments, identified by ``1550-0120 (FFIEC
101),'' by any of the following methods:
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
E-mail address: [email protected].
Please include ``1550-0120 (FFIEC 101)'' in the subject line of the
message and include your name and telephone number in the message.
Fax: (202) 906-6518.
Mail: Information Collection Comments, Chief Counsel's
Office, Office of Thrift Supervision, 1700 G Street, NW., Washington,
DC 20552, Attention: ``1550-0120 (FFIEC 101).''
Hand Delivery/Courier: Guard's Desk, East Lobby Entrance,
1700 G Street, NW., from 9 a.m. to 4 p.m. on business days, Attention:
Information Collection Comments, Chief Counsel's Office, Attention:
``1550-0120 (FFIEC 101).''
Instructions: All submissions received must include the agency name
and OMB Control Number for this information collection. All comments
received will be posted without change to the OTS Internet Site at
http://www.ots.treas.gov/pagehtml.cfm?catNumber=67&an=1, including any
personal information provided.
Docket: For access to the docket to read background documents or
comments received, go to http://www.ots.treas.gov/pagehtml.cfm?catNumber=67&an=1. In addition, you may inspect comments
at the Public Reading Room, 1700 G Street, NW., by appointment. To make
an appointment for access, call (202) 906-5922, send an e-mail to
public.info@ots.treas.gov">public.info@ots.treas.gov, or send a facsimile transmission to (202)
906-7755. (Prior notice identifying the materials you will be
requesting will assist us in serving you.) We schedule appointments on
business days between 10 a.m. and 4 p.m. In most cases,
[[Page 65403]]
appointments will be available the next business day following the date
we receive a request.
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, or by fax to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: For further information about the
revisions discussed in this notice, please contact any of the agency
clearance officers whose names appear below. In addition, copies of the
FFIEC 101 can be obtained at the FFIEC's Web site (http://www.ffiec.gov/ffiec_report_forms.htm).
OCC: Mary Gottlieb, OCC Clearance Officer, (202) 874-5090,
Legislative and Regulatory Activities Division, Office of the
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.
Board: Michelle E. Shore, Federal Reserve Board Clearance Officer,
(202) 452-3829, Division of Research and Statistics, 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: Leneta G. Gregorie, Counsel, (202) 898-3719, Legal Division,
Federal Deposit Insurance Corporation, 550 17th Street, NW.,
Washington, DC 20429.
OTS: Ira L. Mills, OTS Clearance Officer, at
[email protected], (202) 906-6531, or facsimile number (202) 906-
6518, Regulation and Legislation Division, Chief Counsel's Office,
Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.
SUPPLEMENTARY INFORMATION: The agencies are proposing to revise and
extend for three years the FFIEC 101, which is a currently approved
collection of information for each agency.
Report Title: Advanced Capital Adequacy Framework Regulatory
Reporting Requirements.
Form Number: FFIEC 101.
Frequency of Response: Quarterly.
Affected Public: Business or other for-profit.
OCC
OMB Number: 1557-0239.
Estimated Number of Respondents: 52 national banks.
Estimated Time per Response: 625 hours.
Estimated Total Annual Burden: 130,000 hours.
Board
OMB Number: 7100-0319.
Estimated Number of Respondents: 6 State member banks and 21 bank
holding companies.
Estimated Time per Response: 625 hours.
Estimated Total Annual Burden: 52,500 hours.
FDIC
OMB Number: 3064-0159.
Estimated Number of Respondents: 9 State nonmember banks.
Estimated Time per Response: 625 hours.
Estimated Total Annual Burden: 22,500 hours.
OTS
OMB Number: 1550-0120.
Estimated Number of Respondents: 3 savings associations.
Estimated Time per Response: 625 hours.
Estimated Total Annual Burden: 7,500 hours.
General Description of Reports
This information collection is mandatory for banks \1\ using the
Advanced Capital Adequacy Framework: 12 U.S.C. 161 (for national
banks), 12 U.S.C. 324 and 12 U.S.C. 1844(c) (for State member banks and
BHCs respectively), 12 U.S.C. 1817 (for insured State nonmember
commercial and savings banks), and 12 U.S.C. 1464 (for savings
associations). This information collection will be given confidential
treatment (5 U.S.C. 552(b)(4)) except for selected data items
(Schedules A and B, and data items 1 and 2 of the operational risk
Schedule S) that will be released for reporting periods after an
institution has successfully completed its parallel run period and is
qualified to use the advanced approaches for regulatory capital
purposes. The agencies will not publicly release information submitted
during an entity's parallel run period.
---------------------------------------------------------------------------
\1\ For simplicity, and unless otherwise indicated, this notice
uses the term ``bank'' to include banks, savings associations, and
bank holding companies (BHCs). The terms ``bank holding company''
and ``BHC'' refer only to bank holding companies regulated by the
Board and do not include savings and loan holding companies
regulated by the OTS. For a detailed description of the institutions
covered by this notice, refer to Part I, Section 1, of the final
rule entitled Risk-Based Capital Standards: Advanced Capital
Adequacy Framework (72 FR 69397, December 7, 2007).
---------------------------------------------------------------------------
Abstract
Each bank that qualifies for and applies the advanced internal
ratings-based approach to calculate regulatory credit risk capital and
the advanced measurement approaches to calculate regulatory operational
risk capital, as described in the final rule implementing the Advanced
Capital Adequacy Framework (72 FR 69288, December 7, 2007, referred to
hereafter as the final rule), is required to file quarterly regulatory
data. The agencies use these data to assess and monitor the levels and
components of each reporting entity's risk-based capital requirements
and the adequacy of the entity's capital under the Advanced Capital
Adequacy Framework; to evaluate the impact and competitive implications
of the Advanced Capital Adequacy Framework on individual reporting
entities and on an industry-wide basis; as one input to develop an
interagency study at the end of the second transitional floor period
(as described more fully in the final rule); and to supplement on-site
examination processes. The reporting schedules also assist banks in
understanding expectations around the system development necessary for
implementation and validation of the Advanced Capital Adequacy
Framework. Submitted data that are released publicly following a
reporting entity's parallel run period will also provide other
interested parties with information about banks' risk-based capital.
Current Actions
The agencies propose to revise certain portions of the FFIEC 101
report beginning with the March 31, 2011, report date. These proposed
changes are described below.
Reporting of information about the numerator of a bank holding
company's risk-based capital ratios. For bank holding companies subject
to these reporting requirements, the agencies propose to recaption line
item 6.b of Schedule A, Part 1 of the FFIEC 101 report and to add line
item 6.c. Line item 6.b is currently intended to capture two components
of capital that are reported separately on Schedule HC-R of the FR Y-
9C: \2\ the amount of qualifying restricted core capital elements
(other than cumulative perpetual preferred stock) held by bank holding
companies (as reported in item 6.b of Schedule HC-R) and qualifying
mandatory convertible preferred securities held by internationally
active bank holding companies (as reported in item 6.c of Schedule HC-
R). The agencies propose to align the reporting of these capital
elements to that of Schedule HC-R of the FR Y-9C by separately
including both capital elements in the FFIEC 101. These two capital
elements would replace the
[[Page 65404]]
current item 6.b and would appear, as they do on Schedule HC-R in the
FR Y-9C, as items 6.b and 6.c of Schedule A, Part 1, respectively.
Reporting instructions for the FFIEC 101 would be revised accordingly.
The change in reporting would apply only to bank holding companies.
---------------------------------------------------------------------------
\2\ Consolidated Financial Statements for Bank Holding
Companies, OMB Number: 7100-0128.
---------------------------------------------------------------------------
Reporting of information about the numerator of a savings
association's risk-based capital ratios. For the purposes of simplicity
and comparability of reporting financial information among banks and
savings associations under the Advanced Capital Adequacy Framework, the
Agencies propose to delete Part 2 of Schedule A for savings
associations. Instead, all banks, bank holding companies, and savings
associations reporting under the Advanced Capital Adequacy Framework
would report on the same Schedule A form (see http://www.ffiec.gov/forms101.htm). Reporting instructions for the FFIEC 101 would be
revised accordingly.
Reporting of information on equity exposures. Banks subject to
these reporting requirements currently provide information about equity
exposure amounts and the risk-weighted asset amount of these exposures
in Schedule R of the FFIEC 101. This schedule currently contains 22
line items (exposure categories, subtotals, and totals) and two columns
(exposure and risk-weighted asset amounts) in which data are reported.
A number of the line items listed on the schedule only apply to certain
approaches contained within the final rule for calculating risk-
weighted asset amounts for equity exposures. The agencies propose to
reformat Schedule R to clarify what line items need to be reported
based on which of the three approaches the bank uses to calculate risk-
weighted asset amounts for its equity exposures: the simple risk weight
approach (SRWA), the full internal models approach (full IMA), or the
IMA applied to only publicly traded equity exposures (publicly traded
or partial IMA).
The reformatted version of Schedule R does not alter any of the
existing line items in the current schedule. More specifically, neither
the exposure categories nor the number of equity exposure items
completed by banks using a given approach would change as a result of
this proposal. Rather, the proposal is to expand the number of columns
shown on the schedule from two to six to allow for reporting of a
distinct set of exposure and risk-weighted asset information for banks
using the SRWA, a distinct set of exposure and risk-weighted asset
information for banks using the full IMA, and a distinct set of
exposure and risk-weighted asset information for banks using the
partial IMA. Each set of exposure and risk-weighted asset columns would
appear with the heading of the applicable final rule approach used by
the bank and only those exposure categories (including subtotals and
totals) applicable to a given approach would appear within each
columnar section of the reformatted schedule (see http://www.ffiec.gov/forms101.htm). Reporting instructions for the FFIEC 101 would be
revised accordingly.
Request for Comment
Public comment is requested on all aspects of this joint notice.
Comments are invited on:
(a) Whether the proposed revisions to the collection 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 collection 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 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 and will be summarized or included in the agencies'
requests for OMB approval. All comments will become a matter of public
record.
Dated: October 7, 2010.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
Board of Governors of the Federal Reserve System, October 15,
2010.
Jennifer J. Johnson,
Secretary of the Board.
Dated at Washington, DC, this 15th day of October, 2010.
Robert E. Feldman,
Executive Secretary, Federal Deposit Insurance Corporation.
Dated: October 18, 2010.
Ira L. Mills,
Paperwork Clearance Officer, Office of Chief Counsel, Office of Thrift
Supervision.
[FR Doc. 2010-26585 Filed 10-21-10; 8:45 am]
BILLING CODE 4810-33-P 6210-01-P 6714-01-P 6720-01-P