80 FR 77630 - Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0046, 3064-0113, & 3064-0178)
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 80, Issue 240 (December 15, 2015)
Federal Register Volume 80, Issue 240 (December 15, 2015)
| Page Range | 77630-77631 | |
| FR Document | 2015-31483 |
[Federal Register Volume 80, Number 240 (Tuesday, December 15, 2015)] [Notices] [Pages 77630-77631] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-31483] ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewals; Comment Request (3064-0046, 3064-0113, & 3064-0178) AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: The FDIC, 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 the renewal of existing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the FDIC is soliciting comment on the renewal of the information collections described below. DATES: Comments must be submitted on or before February 16, 2016. ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods:http://www.FDIC.gov/regulations/laws/federal/. Email: [email protected]. Include the name and number of the collection in the subject line of the message. Mail: Gary A. Kuiper (202.898.3877), Counsel, MB-3016 or Manuel E. Cabeza (202.898.3767), Counsel MB-3105, 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 17th Street Building (located on F Street), on business days between 7:00 a.m. and 5:00 p.m. All comments should refer to the relevant OMB control number. A copy of the comments may also be submitted to the OMB desk officer for the FDIC: Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Gary A. Kuiper or Manuel E. Cabeza, at the FDIC address above. SUPPLEMENTARY INFORMATION: Proposal to renew the following currently-approved collections of information: 1. Title: Home Mortgage Disclosure Act. OMB Number: 3064-0046. Affected Public: Insured state nonmember banks. Frequency of Response: On occasion. Estimated Number of Respondents: 2,575. Estimated Number of Responses: 1,091,614. Estimated Time per Response: 5 minutes. Total Annual Burden: 90,967 hours. General Description: To permit the FDIC to detect discrimination in residential mortgage lending, certain insured state nonmember banks are required by FDIC Regulation 12 CFR 338 to maintain various data on home loan applicants. 2. Title: External Audits. OMB Number: 3064-0113. Form Numbers: None. Frequency of Response: Annually. Affected Public: All insured financial institutions with total assets of $500 million or more and other insured financial institutions with total assets of less than $500 million that voluntarily choose to comply. General Description: FDIC's regulations at 12 CFR 363 establish annual independent audit and reporting requirements for financial institutions with total assets of $500 million or more. The requirements include the submission of an annual report on their financial statements, recordkeeping about management deliberations regarding external auditing and reports about changes in auditors. The information collected is used to facilitate early identification of problems in financial management at financial institutions. Explanation of burden estimates: The estimates of annual burden are based on the estimated burden hours for FDIC-supervised institutions within each asset classification ($1 billion or more, $500 million or more but less than $1 billion, and less than $500 million) to comply with the requirements of Part 363 regarding the annual report, audit committee, other reports, and the notice of change in accountants. The number of respondents reflects the number of FDIC-supervised institutions in each asset classification. The number of annual responses reflects the estimated number of submissions for each asset classification. The annual burden hours reflects the estimated number of hours for FDIC-supervised institutions within each asset classification to comply with the requirements of Part 363. a. FDIC-Supervised Institutions with Assets of $1 Billion or More. Number of Respondents: 351. Annual Responses: 1,141. Estimated Time per Response: 69.84 hours. Annual Burden Hours: 79,688 hours. b. FDIC-Supervised Institutions with Assets of $500 Million or More but Less than $1 Billion. Number of Respondents: 401. Annual Responses: 1,303. Estimated Time per Response: 8.42 hours. Annual Burden Hours: 10,977 hours. c. FDIC-Supervised Institutions with Assets Less than $500 Million. Number of Respondents: 3,291. Annual Responses: 9,873. Estimated Time per Response: 15 minutes. Annual Burden Hours: 2,468 hours. Total Number of Respondents: 4,043. Total Annual Responses: 12,317. Total Annual Burden Hours: 84,026 hours. 3. Title: Market Risk Capital Requirements. OMB Number: 3064-0178. Form Numbers: None. Frequency of Response: Occasionally. Affected Public: Insured state nonmember banks and state savings associations. Estimated Number of Respondents: 1. Estimated Number of Responses: 1. Total Annual Burden: 1,964 hours. General Description: The FDIC's market risk capital rules (12 CFR part 324, subpart F) enhance risk sensitivity, increase transparency through enhanced disclosures and include requirements for the public disclosure of certain qualitative and quantitative information about the market risk of state nonmember banks and state savings associations (FDIC-supervised institutions). The market risk rule [[Page 77631]] applies only if a bank holding company or bank has aggregated trading assets and trading liabilities equal to 10 percent or more of quarter- end total assets or $1 billion or more. Currently, only one FDIC- regulated entity meets the criteria. The information collection requirements are located at 12 CFR 324.203 through 324.212. The collection of information is necessary to ensure capital adequacy appropriate for the level of market risk. Section 324.203(a)(1) requires FDIC-supervised institutions to have clearly defined policies and procedures for determining which trading assets and trading liabilities are trading positions and specifies the factors a FDIC-supervised institutions must take into account in drafting those policies and procedures. Section 324.203(a)(2) requires FDIC-supervised institutions 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 324.203(b)(1) requires FDIC-supervised institutions to have clearly defined policies and procedures for actively managing all covered positions and specifies the minimum requirements for those policies and procedures. Sections 324.203(c)(4) through 324.203(c)(10) require the annual review of internal models and specify certain requirements for those models. Section 324.203(d) requires the internal audit group of a FDIC-supervised institution to prepare an annual report to the board of directors on the effectiveness of controls supporting the market risk measurement systems. Section 324.204(b) requires FDIC-supervised institutions to conduct quarterly backtesting. Section 324.205(a)(5) requires institutions to demonstrate to the FDIC the appropriateness of proxies used to capture risks within value-at-risk models. Section 324.205(c) requires institutions to develop, retain, and make available to the FDIC value- at-risk and profit and loss information on sub-portfolios for two years. Section 324.206(b)(3) requires FDIC-supervised institutions 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 FDIC approval for any material changes to these policies and procedures. Section 324.207(b)(1) details requirements applicable to a FDIC- supervised institution when the FDIC-supervised institution uses internal models to measure the specific risk of certain covered positions. Section 324.208 requires FDIC-supervised institutions to obtain prior written FDIC approval for incremental risk modeling. Section 324.209(a) requires prior FDIC approval for the use of a comprehensive risk measure. Section 324.209(c)(2) requires FDIC- supervised institutions to retain and report the results of supervisory stress testing. Section 324.210(f)(2)(i) requires FDIC-supervised institutions to document an internal analysis of the risk characteristics of each securitization position in order to demonstrate an understanding of the position. Section 324.212 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. Request for Comment Comments are invited on: (a) Whether the collections of information are necessary for the proper performance of the FDIC's functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the collections of information, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collections of information on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. Dated at Washington, DC, this 10th day of December 2015. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015-31483 Filed 12-14-15; 8:45 am] BILLING CODE 6714-01-P
![77630 Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices
Receiver will be making a final dividend Manuel E. Cabeza (202.898.3767), Explanation of burden estimates: The
payment to proven creditors. Counsel MB–3105, Federal Deposit estimates of annual burden are based on
Based upon the foregoing, the Insurance Corporation, 550 17th Street the estimated burden hours for FDIC-
Receiver has determined that the NW., Washington, DC 20429. supervised institutions within each
continued existence of the receivership • Hand Delivery: Comments may be asset classification ($1 billion or more,
will serve no useful purpose. hand-delivered to the guard station at $500 million or more but less than $1
Consequently, notice is given that the the rear of the 17th Street Building billion, and less than $500 million) to
receivership shall be terminated, to be (located on F Street), on business days comply with the requirements of Part
effective no sooner than thirty days after between 7:00 a.m. and 5:00 p.m. 363 regarding the annual report, audit
the date of this Notice. If any person All comments should refer to the committee, other reports, and the notice
wishes to comment concerning the relevant OMB control number. A copy of change in accountants. The number
termination of the receivership, such of the comments may also be submitted of respondents reflects the number of
comment must be made in writing and to the OMB desk officer for the FDIC: FDIC-supervised institutions in each
sent within thirty days of the date of Office of Information and Regulatory asset classification. The number of
this Notice to: Federal Deposit Affairs, Office of Management and annual responses reflects the estimated
Insurance Corporation, Division of Budget, New Executive Office Building, number of submissions for each asset
Resolutions and Receiverships, Washington, DC 20503. classification. The annual burden hours
Attention: Receivership Oversight FOR FURTHER INFORMATION CONTACT: Gary reflects the estimated number of hours
Department 32.1, 1601 Bryan Street, A. Kuiper or Manuel E. Cabeza, at the for FDIC-supervised institutions within
Dallas, TX 75201. FDIC address above. each asset classification to comply with
No comments concerning the the requirements of Part 363.
SUPPLEMENTARY INFORMATION:
termination of this receivership will be Proposal to renew the following a. FDIC-Supervised Institutions with
considered which are not sent within Assets of $1 Billion or More.
currently-approved collections of
this time frame. Number of Respondents: 351.
information:
Dated: December 10, 2015. 1. Title: Home Mortgage Disclosure Annual Responses: 1,141.
Federal Deposit Insurance Corporation. Act. Estimated Time per Response: 69.84
Robert E. Feldman, OMB Number: 3064–0046. hours.
Executive Secretary. Affected Public: Insured state Annual Burden Hours: 79,688 hours.
[FR Doc. 2015–31482 Filed 12–14–15; 8:45 am] nonmember banks. b. FDIC-Supervised Institutions with
Frequency of Response: On occasion. Assets of $500 Million or More but Less
BILLING CODE 6714–01–P
Estimated Number of Respondents: than $1 Billion.
2,575. Number of Respondents: 401.
FEDERAL DEPOSIT INSURANCE Estimated Number of Responses: Annual Responses: 1,303.
CORPORATION 1,091,614. Estimated Time per Response: 8.42
Estimated Time per Response: 5 hours.
Agency Information Collection minutes. Annual Burden Hours: 10,977 hours.
Activities: Proposed Collection Total Annual Burden: 90,967 hours. c. FDIC-Supervised Institutions with
Renewals; Comment Request (3064– General Description: To permit the Assets Less than $500 Million.
0046, 3064–0113, & 3064–0178) FDIC to detect discrimination in Number of Respondents: 3,291.
residential mortgage lending, certain Annual Responses: 9,873.
AGENCY: Federal Deposit Insurance insured state nonmember banks are Estimated Time per Response: 15
Corporation (FDIC). required by FDIC Regulation 12 CFR 338 minutes.
ACTION: Notice and request for comment. to maintain various data on home loan Annual Burden Hours: 2,468 hours.
applicants. Total Number of Respondents: 4,043.
SUMMARY: The FDIC, as part of its 2. Title: External Audits. Total Annual Responses: 12,317.
continuing effort to reduce paperwork OMB Number: 3064–0113. Total Annual Burden Hours: 84,026
and respondent burden, invites the Form Numbers: None. hours.
general public and other Federal Frequency of Response: Annually. 3. Title: Market Risk Capital
agencies to take this opportunity to Affected Public: All insured financial Requirements.
comment on the renewal of existing institutions with total assets of $500 OMB Number: 3064–0178.
information collections, as required by million or more and other insured Form Numbers: None.
the Paperwork Reduction Act of 1995. financial institutions with total assets of Frequency of Response: Occasionally.
Currently, the FDIC is soliciting less than $500 million that voluntarily Affected Public: Insured state
comment on the renewal of the choose to comply. nonmember banks and state savings
information collections described General Description: FDIC’s associations.
below. regulations at 12 CFR 363 establish Estimated Number of Respondents: 1.
DATES: Comments must be submitted on annual independent audit and reporting Estimated Number of Responses: 1.
or before February 16, 2016. requirements for financial institutions Total Annual Burden: 1,964 hours.
ADDRESSES: Interested parties are with total assets of $500 million or General Description: The FDIC’s
invited to submit written comments to more. The requirements include the market risk capital rules (12 CFR part
submission of an annual report on their 324, subpart F) enhance risk sensitivity,
asabaliauskas on DSK5VPTVN1PROD with NOTICES
the FDIC by any of the following
methods: financial statements, recordkeeping increase transparency through enhanced
• http://www.FDIC.gov/regulations/ about management deliberations disclosures and include requirements
laws/federal/. regarding external auditing and reports for the public disclosure of certain
• Email: comments@fdic.gov. Include about changes in auditors. The qualitative and quantitative information
the name and number of the collection information collected is used to about the market risk of state
in the subject line of the message. facilitate early identification of nonmember banks and state savings
• Mail: Gary A. Kuiper problems in financial management at associations (FDIC-supervised
(202.898.3877), Counsel, MB–3016 or financial institutions. institutions). The market risk rule
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![Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices 77631
applies only if a bank holding company certain covered positions. Section information collection, titled,
or bank has aggregated trading assets 324.208 requires FDIC-supervised ‘‘Company-Run Annual Stress Test
and trading liabilities equal to 10 institutions to obtain prior written FDIC Reporting Template and Documentation
percent or more of quarter-end total approval for incremental risk modeling. for Covered Institutions with Total
assets or $1 billion or more. Currently, Section 324.209(a) requires prior FDIC Consolidated Assets of $50 Billion or
only one FDIC-regulated entity meets approval for the use of a comprehensive More under the Dodd-Frank Wall Street
the criteria. The information collection risk measure. Section 324.209(c)(2) Reform and Consumer Protection Act,’’
requirements are located at 12 CFR requires FDIC-supervised institutions to (3064–0189), as required by the
324.203 through 324.212. The collection retain and report the results of Paperwork Reduction Act of 1995.
of information is necessary to ensure supervisory stress testing. Section DATES: Comments must be received by
capital adequacy appropriate for the 324.210(f)(2)(i) requires FDIC- February 16, 2016.
level of market risk. supervised institutions to document an ADDRESSES: You may submit written
Section 324.203(a)(1) requires FDIC- internal analysis of the risk comments by any of the following
supervised institutions to have clearly characteristics of each securitization methods:
defined policies and procedures for position in order to demonstrate an • Agency Web site: http://
determining which trading assets and understanding of the position. Section www.fdic.gov/regulations/laws/federal/.
trading liabilities are trading positions 324.212 requires quarterly quantitative Follow the instructions for submitting
and specifies the factors a FDIC- disclosures, annual qualitative comments on the FDIC Web site.
supervised institutions must take into disclosures, and a formal disclosure • Federal eRulemaking Portal: http://
account in drafting those policies and policy approved by the board of www.regulations.gov. Follow the
procedures. Section 324.203(a)(2) directors that addresses the approach for instructions for submitting comments.
requires FDIC-supervised institutions to determining the market risk disclosures • Email: Comments@FDIC.gov.
have clearly defined trading and it makes. Include ‘‘Annual Stress Test Reporting
hedging strategies for trading positions
Request for Comment Template and Documentation for
that are approved by senior management
Covered Institutions with Total
and specifies what the strategies must Comments are invited on: (a) Whether Consolidated Assets of $50 Billion or
articulate. Section 324.203(b)(1) requires the collections of information are More’’ on the subject line of the
FDIC-supervised institutions to have necessary for the proper performance of message.
clearly defined policies and procedures the FDIC’s functions, including whether • Mail: Gary A. Kuiper, Legal
for actively managing all covered the information has practical utility; (b) Division, Attention: Comments, FDIC,
positions and specifies the minimum the accuracy of the estimates of the 550 17th Street NW., MB–3016,
requirements for those policies and burden of the collections of information, Washington, DC 20429.
procedures. Sections 324.203(c)(4) including the validity of the • Hand Delivery/Courier: Guard
through 324.203(c)(10) require the methodology and assumptions used; (c) station at the rear of the 550 17th Street
annual review of internal models and ways to enhance the quality, utility, and Building (located on F Street) on
specify certain requirements for those clarity of the information to be business days between 7:00 a.m. and
models. Section 324.203(d) requires the collected; and (d) ways to minimize the 5:00 p.m.
internal audit group of a FDIC- burden of the collections of information • Public Inspection: All comments
supervised institution to prepare an on respondents, including through the received will be posted without change
annual report to the board of directors use of automated collection techniques to http://www.fdic.gov/regulations/laws/
on the effectiveness of controls or other forms of information federal/ including any personal
supporting the market risk measurement technology. All comments will become information provided.
systems. a matter of public record. Additionally, you may send a copy of
Section 324.204(b) requires FDIC-
Dated at Washington, DC, this 10th day of your comments: By mail to the U.S.
supervised institutions to conduct
December 2015. Office of Management and Budget, 725
quarterly backtesting. Section
324.205(a)(5) requires institutions to Federal Deposit Insurance Corporation. 17th Street NW., #10235, Washington,
demonstrate to the FDIC the Robert E. Feldman, DC 20503 or by facsimile to
appropriateness of proxies used to Executive Secretary. 202.395.6974, Attention: Federal
capture risks within value-at-risk [FR Doc. 2015–31483 Filed 12–14–15; 8:45 am] Banking Agency Desk Officer.
models. Section 324.205(c) requires BILLING CODE 6714–01–P FOR FURTHER INFORMATION CONTACT: You
institutions to develop, retain, and make can request additional information from
available to the FDIC value-at-risk and Gary Kuiper, 202.898.3877, or Manny
profit and loss information on sub- FEDERAL DEPOSIT INSURANCE Cabeza, 202.898.3767, Legal Division,
portfolios for two years. Section CORPORATION Federal Deposit Insurance Corporation,
324.206(b)(3) requires FDIC-supervised 550 17th Street NW., MB–3016
institutions to have policies and Agency Information Collection Washington, DC 20429. In addition,
procedures that describe how they Activities: Proposed Information copies of the templates referenced in
determine the period of significant Collection Revision; Comment this notice can be found on the FDIC’s
financial stress used to calculate the Request (3064–0189) Web site (http://www.fdic.gov/
institution’s stressed value-at-risk regulations/laws/federal/).
asabaliauskas on DSK5VPTVN1PROD with NOTICES
AGENCY: Federal Deposit Insurance
models and to obtain prior FDIC Corporation (FDIC). SUPPLEMENTARY INFORMATION: The FDIC
approval for any material changes to ACTION: Notice and request for comment. is requesting comment on the following
these policies and procedures. changes to the information collection:
Section 324.207(b)(1) details SUMMARY: The Federal Deposit Title: Company-Run Annual Stress
requirements applicable to a FDIC- Insurance Corporation (‘‘FDIC’’) invites Test Reporting Template and
supervised institution when the FDIC- the general public and other Federal Documentation for Covered Institutions
supervised institution uses internal agencies to take this opportunity to with Total Consolidated Assets of $50
models to measure the specific risk of comment on a revision of a continuing Billion or More under the Dodd-Frank
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Document Created: 2018-03-02 09:16:14
Document Modified: 2018-03-02 09:16:14
| 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 | Comments must be submitted on or before February 16, 2016. | |
| Contact | Gary A. Kuiper or Manuel E. Cabeza, at | |
| FR Citation | 80 FR 77630 |
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