80 FR 11349 - Risk-Based Capital Guidelines: Implementation of Capital Requirements for Global Systemically Important Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 41 (March 3, 2015)

Page Range		11349-11350
FR Document		2015-04438

On December 18, 2014, the Board published in the Federal Register a proposal to implement risk-based capital surcharges for U.S.-based global systemically important banking organizations. Due to the range and complexity of the issues addressed in the proposed rulemaking, the public comment period has been extended until April 3, 2015. This action will allow interested persons additional time to analyze the proposal and prepare their comments.

Federal Register, Volume 80 Issue 41 (Tuesday, March 3, 2015)

[Federal Register Volume 80, Number 41 (Tuesday, March 3, 2015)]
[Proposed Rules]
[Pages 11349-11350]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-04438]


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FEDERAL RESERVE SYSTEM

12 CFR Part 217

[Regulation Q; Docket No. R-1505]
RIN 7100-AD-26


Risk-Based Capital Guidelines: Implementation of Capital 
Requirements for Global Systemically Important Bank Holding Companies

AGENCY: Board of Governors of the Federal Reserve System (Board).

ACTION: Proposed rule; extension of comment period.

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SUMMARY: On December 18, 2014, the Board published in the Federal 
Register a proposal to implement risk-based capital surcharges for 
U.S.-based global systemically important banking organizations.
    Due to the range and complexity of the issues addressed in the 
proposed rulemaking, the public comment period has been extended until 
April 3, 2015. This action will allow interested persons additional 
time to analyze the proposal and prepare their comments.

DATES: The comment period for the proposed rule published on December 
18, 2014 (79 FR 75473) to implement risk-based capital surcharges for 
U.S.-based global systemically important banking organizations is 
extended from March 2, 2015 to April 3, 2015.

ADDRESSES: You may submit comments by any of the methods identified in 
the proposed rule.\1\ Please submit your comments using only one 
method.
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    \1\ See 79 FR 75473 (December 18, 2014).

FOR FURTHER INFORMATION CONTACT: Jordan Bleicher, Senior Supervisory 
Financial Analyst, (202) 973-6123, or Holly Kirkpatrick, Supervisory 
Financial Analyst, (202) 452-2796, Division of Banking Supervision and 
Regulation, or Christine Graham, Senior Attorney, (202) 452-3005, Legal 
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Division.

SUPPLEMENTARY INFORMATION: On December 18, 2014, the Board published in 
the Federal Register a proposal to implement risk-based capital 
surcharges for U.S.-based global systemically important banking 
organizations.\2\ The proposed rule stated that the public comment 
period would close on March 2, 2015.\3\
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    \2\ See 79 FR 75473 (December 18, 2014).
    \3\ Id.
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    The Board has received a comment letter requesting that the Board 
extend the comment period for the proposal.\4\ The commenter suggested 
that an extension of the comment period would facilitate more detailed 
comments about the implications of the proposal and its potential 
consequences.
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    \4\ See, e.g., Comment letter to the Board from The Clearing 
House (February 20, 2015).
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    Due to the range and complexity of the issues addressed in the 
proposed rulemaking, the public comment period has been extended until 
April 3, 2015. This action will allow interested persons additional 
time to analyze the proposal and prepare their comments.

    By order of the Board of Governors of the Federal Reserve 
System, acting through the

[[Page 11350]]

Secretary of the Board under delegated authority, February 26, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-04438 Filed 3-2-15; 8:45 am]
BILLING CODE P

11350 Federal Register / Vol. 80, No. 41 / Tuesday, March 3, 2015 / Proposed Rules

Secretary of the Board under delegated U.S. industrial base to support the sufficient for inclusion in the survey.
authority, February 26, 2015. national defense. To produce these For example, information about a
Robert deV. Frierson, studies, BIS may issue surveys to collect supplier of raw materials or components
Secretary of the Board. detailed information related to the that is several transactions removed
[FR Doc. 2015–04438 Filed 3–2–15; 8:45 am] health and competitiveness of the U.S. from the production of the product that
BILLING CODE P industrial base from government sources is the subject of a study may be relevant
and private individuals or to assessing the capabilities of the U.S.
organizations. industrial base to supply the product to
This proposed rule sets forth support the national defense. In such a
DEPARTMENT OF COMMERCE procedures intended to facilitate the situation, the supplier would be
Bureau of Industry and Security accurate and timely completion of included in the survey. The nature of
surveys issued by BIS to collect data for the person from whom the information
15 CFR Part 702 these studies. This rule sets forth in a is sought also does not determine
single part of the Code of Federal whether that person’s association with
[Docket No. 140501396–4396–01] Regulations the information about BIS’s the industry sector, material, product,
authority to conduct the studies, the service or technology at issue is
RIN 0694–AG17 authority to issue surveys to gather data sufficient for inclusion in the survey.
U.S. Industrial Base Surveys Pursuant in support of the studies, the purpose of Surveys may require information from
to the Defense Production Act of 1950 the surveys and the manner in which businesses organized for profit, non-
such surveys are developed, the profit organizations, academic
AGENCY: Bureau of Industry and confidential treatment of submitted institutions and government agencies.
Security, Commerce. information, and the penalties for non- To be useful, a study must be
ACTION: Proposed rule compliance with surveys. comprehensive, accurate and focused on
Additionally, this rule explains BIS’s the relevant industry sector, material,
SUMMARY: This proposed rule would set procedures for verifying that the scope product, service or technology.
forth the policies and procedures of the and purpose of the surveys are well Therefore, surveys may require
Bureau of Industry and Security (BIS) defined, and assures that the surveys do information about employment,
for conducting surveys to obtain not solicit data that duplicates adequate research and development, sources of
information in order to perform industry and authoritative data that is available supply, manufacturing processes,
studies assessing the U.S. industrial to BIS from any federal or other customers, business strategy, finances
base to support the national defense responsible agency. A survey may and other factors affecting the industry’s
pursuant to the Defense Production Act require the submission of information health and competitiveness. To properly
of 1950, as amended. Specifically, this similar or identical to information focus the survey on the industry sector,
proposed rule would provide a possessed by another federal agency but material, product, service or technology
description of: BIS’s authority to issue that is not available to BIS. being assessed, BIS may request
surveys; the purpose for the surveys and Based on requests it receives from information about a corporation as a
the manner in which such surveys are U.S. Government agencies, BIS whole or information about one or more
developed; the confidential treatment of produces studies to develop findings specified units or individual activities
submitted information; and the and policy recommendations for the of that corporation. The DPA provides
penalties for non-compliance with purpose of improving the both a civil remedy and criminal
surveys. This rule is intended to competitiveness of specific domestic penalties that may be used when
facilitate compliance with surveys, industries and technologies critical to recipients of surveys do not supply the
thereby resulting in stronger and more meeting national defense and essential information sought.
complete assessments of the U.S. civilian requirements. These studies BIS deems the information supplied
industrial base. may require surveys to collect relevant in response to survey requests to be
data and assessments of that data and confidential and is prohibited by law
DATES: Comments must be received no
other information available to BIS. from publishing or disclosing such
later than May 4, 2015. BIS, in cooperation with the information unless the Under Secretary
FOR FURTHER INFORMATION CONTACT: requesting agency, selects the persons to for Industry and Security determines
Jason Bolton, Trade and Industry be surveyed based on the likelihood that that withholding the information is
Analyst, Office of Technology they will have information relevant to a contrary to the interest of the national
Evaluation, phone: 202–482–5936 study. That likelihood is related to the defense. The authority to make this
email: jason.bolton@bis.doc.gov or Brad person’s association with the industry determination, which § 705(d) of the
Botwin, Director, Industrial Base sector, material, product, service or DPA gives to the President, has been
Studies, Office of Technology technology that is the subject of the delegated to relevant agencies,
Evaluation, phone: 202–482–4060 email: study. That association may be based on including the Secretary of Commerce,
brad.botwin@bis.doc.gov. factors such as the person’s role in by § 802 of Executive Order 13603. The
SUPPLEMENTARY INFORMATION: directly or indirectly providing, Secretary of Commerce re-delegated this
producing, distributing, utilizing, authority to the Under Secretary for
Background
procuring, researching, developing, Industry and Security. The DPA
asabaliauskas on DSK5VPTVN1PROD with PROPOSALS

Pursuant to authorities under § 705 of consulting or advising on, the industry provides criminal penalties for any
the Defense Production Act of 1950 as sector, material, product, service or person who willfully violates its
amended (DPA) (50 U.S.C. app. 2155) technology that is the subject of the prohibition on publication or
and § 104 of Executive Order 13603 of study. disclosure.
March 16, 2012 (National Defense Whether a person’s association with
Resources Preparedness, 77 FR 16651, 3 the industry sector, material, product, Section by Section Description of the
CFR, 2012 Comp., p. 225), the Bureau of service or technology being assessed is Proposed Rule
Industry and Security (BIS) conducts proximate or remote does not determine This proposed rule would create a
studies that assess the capabilities of the whether that person’s association is new part in Title 15, Chapter VII,

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Document Created: 2015-12-18 11:55:27
Document Modified: 2015-12-18 11:55:27

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Proposed Rules
Action		Proposed rule; extension of comment period.
Dates		The comment period for the proposed rule published on December 18, 2014 (79 FR 75473) to implement risk-based capital surcharges for U.S.-based global systemically important banking organizations is extended from March 2, 2015 to April 3, 2015.
Contact		Jordan Bleicher, Senior Supervisory Financial Analyst, (202) 973-6123, or Holly Kirkpatrick, Supervisory Financial Analyst, (202) 452-2796, Division of Banking Supervision and Regulation, or Christine Graham, Senior Attorney, (202) 452-3005, Legal
FR Citation		80 FR 11349
RIN Number		7100-AD26