80 FR 47987 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Market Risk

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 80, Issue 153 (August 10, 2015)

Page Range		47987-47988
FR Document		2015-19576

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). Under the PRA, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, and to allow 60 days for public comment in response to the notice. In accordance with the requirements of the PRA, the OCC 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 OCC is soliciting comment concerning the renewal of its information collection titled, ``Market Risk.''

Federal Register, Volume 80 Issue 153 (Monday, August 10, 2015)

[Federal Register Volume 80, Number 153 (Monday, August 10, 2015)]
[Notices]
[Pages 47987-47988]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-19576]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Market Risk

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION:  Notice and request for comment.

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SUMMARY:  The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995 (PRA).
    Under the PRA, Federal agencies are required to publish notice in 
the Federal Register concerning each proposed collection of 
information, including each proposed extension of an existing 
collection of information, and to allow 60 days for public comment in 
response to the notice.
    In accordance with the requirements of the PRA, the OCC 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 OCC is soliciting 
comment concerning the renewal of its information collection titled, 
``Market Risk.''

DATES: You should submit written comments by: October 9, 2015.

ADDRESSES: Because paper mail in the Washington, DC area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email, if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention: 1557-0247, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to 
(571) 465-4326 or by

[[Page 47988]]

electronic mail to [email protected]. You may personally inspect 
and photocopy comments at the OCC, 400 7th 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) 649-
6700. Upon arrival, visitors will be required to present valid 
government-issued photo identification and submit to security screening 
in order to inspect and photocopy comments.
    All 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.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, 
(202) 649-5490, for persons who are deaf or hard of hearing, TTY, (202) 
649-5597, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is requesting extension of OMB 
approval for this collection. There have been no changes to the 
requirements of the regulations.
    Title: Market Risk.
    OMB Control No.: 1557-0247.
    Description: The Office of the Comptroller of the Currency's (OCC) 
market risk capital rules (12 CFR part 3, subpart F) capture positions 
for which the market risk capital rules are appropriate; reduce 
procyclicality in market risk capital requirements; enhance the rules' 
sensitivity to risks that are not adequately captured under the current 
regulatory measurement methodologies; and increase transparency through 
enhanced disclosures.
    The information collection requirements are located at 12 CFR 3.203 
through 3.212. The rules enhance risk sensitivity and include 
requirements for the public disclosure of certain qualitative and 
quantitative information about the market risk of national banks and 
federal savings associations. The collection of information is 
necessary to ensure capital adequacy appropriate for the level of 
market risk.
    Section 3.203 sets forth the requirements for applying the market 
risk framework. Section 3.203(a)(1) requires national banks and federal 
savings associations to have clearly defined policies and procedures 
for determining which trading assets and trading liabilities are 
trading positions and specifies the factors a national bank or federal 
savings association must take into account in drafting those policies 
and procedures. Section 3.203(a)(2) requires national banks and federal 
savings associations to have clearly defined trading and hedging 
strategies for trading positions that are approved by senior management 
and specifies what the strategies must articulate. Section 3.203(b)(1) 
requires national banks and federal savings associations to have 
clearly defined policies and procedures for actively managing all 
covered positions and specifies the minimum requirements for those 
policies and procedures. Sections 3.203(c)(4) through 3.203(c)(10) 
require the annual review of internal models and specify certain 
requirements for those models. Section 3.203(d) requires the internal 
audit group of a national bank or federal savings association to 
prepare an annual report to the board of directors on the effectiveness 
of controls supporting the market risk measurement systems.
    Section 3.204(b) requires national banks and federal savings 
associations to conduct quarterly backtesting. Section 3.205(a)(5) 
requires institutions to demonstrate to the OCC the appropriateness of 
proxies used to capture risks within value-at-risk models. Section 
3.205(c) requires institutions to develop, retain, and make available 
to the OCC value-at-risk and profit and loss information on sub-
portfolios for two years. Section 3.206(b)(3) requires national banks 
and federal savings associations to have policies and procedures that 
describe how they determine the period of significant financial stress 
used to calculate the institution's stressed value-at-risk models and 
to obtain prior OCC approval for any material changes to these policies 
and procedures.
    Section 3.207(b)(1) details requirements applicable to a national 
bank or federal savings association when the national bank or federal 
savings association uses internal models to measure the specific risk 
of certain covered positions. Section 3.208 requires national banks and 
federal savings associations to obtain prior written OCC approval for 
incremental risk modeling. Section 3.209(a) requires prior OCC approval 
for the use of a comprehensive risk measure. Section 3.209(c)(2) 
requires national banks and federal savings associations to retain and 
report the results of supervisory stress testing. Section 
3.210(f)(2)(i) requires national banks and federal savings associations 
to document an internal analysis of the risk characteristics of each 
securitization position in order to demonstrate an understanding of the 
position. Section 3.212 requires quarterly quantitative disclosures, 
annual qualitative disclosures, and a formal disclosure policy approved 
by the board of directors that addresses the approach for determining 
the market risk disclosures it makes.
    Type of Review: Extension of a currently approved collection. 
Affected Public: Individuals; Businesses or other for-profit.
    Number of Respondents: 13.
    Estimated Burden per Respondent: 1,964 hours.
    Total Estimated Annual Burden: 25,532 hours.
    Comments submitted in response to this notice will be summarized, 
included in the request for OMB approval, and become a matter of public 
record. Comments are invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the burden of the 
collection of information;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of the collection 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.

    Dated: August 5, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2015-19576 Filed 8-7-15; 8:45 am]
 BILLING CODE 4810-33-P

Federal Register / Vol. 80, No. 153 / Monday, August 10, 2015 / Notices 47987

DEPARTMENT OF TRANSPORTATION issued final rule titled, ‘‘Hazardous I. Appeals
Materials: Enhanced Tank Car The Pipeline and Hazardous Materials
Pipeline and Hazardous Materials Standards and Operational Controls for Safety Administration’s (PHMSA) Office
Safety Administration High-Hazard Flammable Trains’’ (80 FR of Hazardous Materials Standards
[Docket No. PHMSA–2015–0168 (Notice No. 26643). In accordance with applicable received a number of administrative
15–14)] regulatory requirements, this notice appeals in relation to the PHMSA final
provides notification to parties having rule, titled, ‘‘Hazardous Materials:
Hazardous Materials: Notification of brought certain administrative appeals Enhanced Tank Car Standards and
Anticipated Delay in Administrative of the anticipated delay in processing Operational Controls for High-Hazard
Appeal Decisions these administrative appeals. Flammable Trains’’ (80 FR 26643). Key
AGENCY: Pipeline and Hazardous FOR FURTHER INFORMATION CONTACT:
information on the administrative
Materials Safety Administration Charles E. Betts, Director, Standards and appeals is provided below.
(PHMSA), DOT. Rulemaking Division, Office of HM–251 [Docket No. PHMSA–2012–
ACTION: Notice. Hazardous Materials Safety, (202) 366– 0082]
4512, PHMSA, 1200 New Jersey Avenue
SUMMARY: This notice advises the public Hazardous Materials: Enhanced Tank
SE., Washington, DC 20590.
that PHMSA is currently reviewing Car Standards and Operational Controls
administrative appeals on a recently SUPPLEMENTARY INFORMATION: for High-Hazard Flammable Trains

Appeals from Docket No. Focus of appeal

Association of American Railroads (AAR) ............... PHMSA–2012–0082–3480 .................... • Advanced Brake Signal Propagation Systems.
• Scope of the Rulemaking.
• Thermal Protection for Tank Cars.
American Chemistry Council (ACC) ........................ PHMSA–2012–0082–3473 .................... • Advanced Brake Signal Propagation Systems.
• Retrofit Timeline and Tank Car Reporting Re-
quirements.
• Scope of the Rulemaking.
American Fuel & Petrochemical Manufacturers PHMSA–2012–0082–3470 .................... • Retrofit Timeline and Tank Car Reporting Re-
(AFPM). quirements.
Columbia River and Northwest Treaty Tribes ......... PHMSA–2012–0082–3478 .................... • Information Sharing/Notification.
• Tribal Impacts and Consultation.
Dangerous Goods Advisory Council (DGAC) ......... PHMSA–2012–0082–3471 .................... • Advanced Brake Signal Propagation Systems.
• Scope of the Rulemaking.
• Testing and Sampling Program.

II. Notification of Anticipated Delay in Issued in Washington, DC, on August 4, Under the PRA, Federal agencies are
Appeal Decisions 2015. required to publish notice in the
Magdy El-Sibaie, Federal Register concerning each
49 CFR 106.130(a)(4) provides that if Associate Administrator for Hazardous proposed collection of information,
PHMSA does not issue a decision on Materials Safety. including each proposed extension of an
whether to grant or deny an [FR Doc. 2015–19507 Filed 8–7–15; 8:45 am] existing collection of information, and
administrative appeal within 90 days BILLING CODE 4910–60–P to allow 60 days for public comment in
after the date that the final rule is response to the notice.
published in the Federal Register and In accordance with the requirements
that we anticipate a substantial delay in of the PRA, the OCC may not conduct
making a decision, PHMSA will notify DEPARTMENT OF THE TREASURY or sponsor, and the respondent is not
the parties having brought required to respond to, an information
administrative appeals directly and Office of the Comptroller of the collection unless it displays a currently
provide an expected decision date. In Currency valid Office of Management and Budget
addition, PHMSA will publish a notice (OMB) control number. The OCC is
Agency Information Collection soliciting comment concerning the
of the delay in the Federal Register. Due Activities: Information Collection
to the complexity of the appeals renewal of its information collection
Renewal; Comment Request; Market titled, ‘‘Market Risk.’’
received, we anticipate delays in Risk
making administrative appeal decisions DATES: You should submit written
as we will require additional time to AGENCY: Office of the Comptroller of the comments by: October 9, 2015.
adequately review and consider the Currency (OCC), Treasury. ADDRESSES: Because paper mail in the
appeals. As a result, in accordance with ACTION: Notice and request for Washington, DC area and at the OCC is
49 CFR 106.130(a)(4), we are publishing comment. subject to delay, commenters are
this notice in the Federal Register to encouraged to submit comments by
notify the public, and we will be SUMMARY: The OCC, as part of its email, if possible. Comments may be
tkelley on DSK3SPTVN1PROD with NOTICES

continuing effort to reduce paperwork sent to: Legislative and Regulatory
directly contacting parties having
and respondent burden, invites the Activities Division, Office of the
brought these administrative appeals
general public and other Federal Comptroller of the Currency, Attention:
shortly. agencies to take this opportunity to 1557–0247, 400 7th Street SW., Suite
comment on a continuing information 3E–218, Mail Stop 9W–11, Washington,
collection, as required by the Paperwork DC 20219. In addition, comments may
Reduction Act of 1995 (PRA). be sent by fax to (571) 465–4326 or by

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47988 Federal Register / Vol. 80, No. 153 / Monday, August 10, 2015 / Notices

electronic mail to prainfo@occ.treas.gov. trading liabilities are trading positions characteristics of each securitization
You may personally inspect and and specifies the factors a national bank position in order to demonstrate an
photocopy comments at the OCC, 400 or federal savings association must take understanding of the position. Section
7th Street SW., Washington, DC 20219. into account in drafting those policies 3.212 requires quarterly quantitative
For security reasons, the OCC requires and procedures. Section 3.203(a)(2) disclosures, annual qualitative
that visitors make an appointment to requires national banks and federal disclosures, and a formal disclosure
inspect comments. You may do so by savings associations to have clearly policy approved by the board of
calling (202) 649–6700. Upon arrival, defined trading and hedging strategies directors that addresses the approach for
visitors will be required to present valid for trading positions that are approved determining the market risk disclosures
government-issued photo identification by senior management and specifies it makes.
and submit to security screening in what the strategies must articulate. Type of Review: Extension of a
order to inspect and photocopy Section 3.203(b)(1) requires national currently approved collection. Affected
comments. banks and federal savings associations Public: Individuals; Businesses or other
All comments received, including to have clearly defined policies and for-profit.
attachments and other supporting procedures for actively managing all Number of Respondents: 13.
materials, are part of the public record covered positions and specifies the Estimated Burden per Respondent:
and subject to public disclosure. Do not minimum requirements for those 1,964 hours.
include any information in your policies and procedures. Sections Total Estimated Annual Burden:
comment or supporting materials that 3.203(c)(4) through 3.203(c)(10) require 25,532 hours.
you consider confidential or the annual review of internal models Comments submitted in response to
inappropriate for public disclosure. and specify certain requirements for this notice will be summarized,
FOR FURTHER INFORMATION CONTACT: those models. Section 3.203(d) requires included in the request for OMB
Shaquita Merritt, Clearance Officer, the internal audit group of a national approval, and become a matter of public
(202) 649–5490, for persons who are bank or federal savings association to record. Comments are invited on:
deaf or hard of hearing, TTY, (202) 649– prepare an annual report to the board of (a) Whether the collection of
5597, Legislative and Regulatory directors on the effectiveness of controls information is necessary for the proper
Activities Division, Office of the supporting the market risk measurement performance of the functions of the
Comptroller of the Currency, 400 7th systems. OCC, including whether the information
Section 3.204(b) requires national has practical utility;
Street SW., Washington, DC 20219.
banks and federal savings associations (b) The accuracy of the OCC’s
SUPPLEMENTARY INFORMATION: The OCC to conduct quarterly backtesting. estimate of the burden of the collection
is requesting extension of OMB Section 3.205(a)(5) requires institutions of information;
approval for this collection. There have to demonstrate to the OCC the (c) Ways to enhance the quality,
been no changes to the requirements of appropriateness of proxies used to utility, and clarity of the information to
the regulations. capture risks within value-at-risk be collected;
Title: Market Risk. models. Section 3.205(c) requires (d) Ways to minimize the burden of
OMB Control No.: 1557–0247. institutions to develop, retain, and make the collection on respondents, including
Description: The Office of the available to the OCC value-at-risk and through the use of automated collection
Comptroller of the Currency’s (OCC) profit and loss information on sub- techniques or other forms of information
market risk capital rules (12 CFR part 3, portfolios for two years. Section technology; and
subpart F) capture positions for which 3.206(b)(3) requires national banks and (e) Estimates of capital or start-up
the market risk capital rules are federal savings associations to have costs and costs of operation,
appropriate; reduce procyclicality in policies and procedures that describe maintenance, and purchase of services
market risk capital requirements; how they determine the period of to provide information.
enhance the rules’ sensitivity to risks significant financial stress used to
that are not adequately captured under Dated: August 5, 2015.
calculate the institution’s stressed
the current regulatory measurement value-at-risk models and to obtain prior Mary H. Gottlieb,
methodologies; and increase OCC approval for any material changes Regulatory Specialist, Legislative and
transparency through enhanced to these policies and procedures. Regulatory Activities Division.
disclosures. Section 3.207(b)(1) details [FR Doc. 2015–19576 Filed 8–7–15; 8:45 am]
The information collection requirements applicable to a national BILLING CODE 4810–33–P
requirements are located at 12 CFR bank or federal savings association
3.203 through 3.212. The rules enhance when the national bank or federal
risk sensitivity and include savings association uses internal models DEPARTMENT OF THE TREASURY
requirements for the public disclosure to measure the specific risk of certain
of certain qualitative and quantitative covered positions. Section 3.208 Office of Foreign Assets Control
information about the market risk of requires national banks and federal Unblocking of Specially Designated
national banks and federal savings savings associations to obtain prior Nationals and Blocked Persons
associations. The collection of written OCC approval for incremental
Pursuant to Executive Order 13396
information is necessary to ensure risk modeling. Section 3.209(a) requires
capital adequacy appropriate for the prior OCC approval for the use of a AGENCY: Office of Foreign Assets
level of market risk. comprehensive risk measure. Section Control, Treasury.
tkelley on DSK3SPTVN1PROD with NOTICES

Section 3.203 sets forth the 3.209(c)(2) requires national banks and ACTION: Notice.
requirements for applying the market federal savings associations to retain
risk framework. Section 3.203(a)(1) and report the results of supervisory SUMMARY: The Treasury Department’s
requires national banks and federal stress testing. Section 3.210(f)(2)(i) Office of Foreign Assets Control (OFAC)
savings associations to have clearly requires national banks and federal is removing the names of two
defined policies and procedures for savings associations to document an individuals whose property and
determining which trading assets and internal analysis of the risk interests in property have been blocked

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Document Created: 2015-12-15 12:12:37
Document Modified: 2015-12-15 12:12:37

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		Notices
Action		Notice and request for comment.
Dates		You should submit written comments by: October 9, 2015.
Contact		Shaquita Merritt, Clearance Officer, (202) 649-5490, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219.
FR Citation		80 FR 47987

80 FR 47987 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Market Risk

DEPARTMENT OF THE TREASURYOffice of the Comptroller of the Currency

Federal Register Volume 80, Issue 153 (August 10, 2015)

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency