80 FR 8763 - Sunshine Act; Notice of Meeting
FEDERAL RETIREMENT THRIFT INVESTMENT BOARD Federal Register Volume 80, Issue 32 (February 18, 2015)
Federal Register Volume 80, Issue 32 (February 18, 2015)
| Page Range | 8763-8763 | |
| FR Document | 2015-03424 |
[Federal Register Volume 80, Number 32 (Wednesday, February 18, 2015)] [Notices] [Page 8763] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-03424] ----------------------------------------------------------------------- FEDERAL RETIREMENT THRIFT INVESTMENT BOARD Sunshine Act; Notice of Meeting TIME AND DATE: 10:00 a.m. February 23, 2015 (Telephonic). PLACE: 10th Floor Board Meeting Room, 77 K Street, NE., Washington, DC 20002. STATUS: Open to the public. MATTERS TO BE CONSIDERED: Open to the Public 1. Approval of the Minutes of the January 26, 2015 Board Member Meeting 2. Monthly Reports a. Monthly Participant Activity Report b. Monthly Investment Policy Report c. Legislative Report 3. Internal Audit Plan CONTACT PERSON FOR MORE INFORMATION: Kimberly Weaver, Director, Office of External Affairs, (202) 942-1640. Dated: February 13, 2015. Megan Grumbine, Deputy General Counsel, Federal Retirement Thrift Investment Board. [FR Doc. 2015-03424 Filed 2-13-15; 11:15 am] BILLING CODE 6720-01-P
![Federal Register / Vol. 80, No. 32 / Wednesday, February 18, 2015 / Notices 8763
calculation of items pertaining to the not be required to estimate such benefits Dated: February 6, 2015.
comprehensive risk capital requirement. for purposes of reporting on the FFIEC Stuart Feldstein,
The agencies have updated the relevant 102. Director, Legislative and Regulatory Activities
items on the reporting form and Division, Office of the Comptroller of the
instructions to align with the V. Electronic Submission of Reports Currency.
calculation methodology for the Consistent with the requirements for Board of Governors of the Federal Reserve
comprehensive risk capital requirement the agencies’ reports that collect data System, February 10, 2015.
in the market risk capital rule.8 under the current regulatory capital Robert deV. Frierson,
The proposed reporting form also has Secretary of the Board.
reporting requirements,9 market risk
a Memoranda section that is comprised Dated at Washington, DC, this 6th day of
institutions subject to the proposed
of 22 line items. Because these line February, 2015.
reporting requirements would be
items do not directly contribute to the Federal Deposit Insurance Corporation.
required to submit the FFIEC 102 in an
determination of market RWAs, they
would be reported in the separate electronic format using file Robert E. Feldman,
Memoranda section. The agencies specifications and formats to be Executive Secretary.
believe that these items will provide determined by the agencies. [FR Doc. 2015–03265 Filed 2–17–15; 8:45 am]
additional insight into the risk profile of VI. Request for Comment BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P
a market risk institution’s trading
activity. For example, the first twelve Public comment is requested on all
lines of the Memoranda section will aspects of this joint notice. In particular, FEDERAL RETIREMENT THRIFT
contribute to the agencies’ do market risk institutions expect that INVESTMENT BOARD
understanding of the degree to which making any specific line items on the
proposed FFIEC 102 public would cause Sunshine Act; Notice of Meeting
diversification effects across the
principal market risk drivers are them competitive or other harm? If so, TIME AND DATE: 10:00 a.m. February 23,
material. please identify the specific line items 2015 (Telephonic).
In developing this proposal, the and describe in detail the nature of the
PLACE: 10th Floor Board Meeting Room,
agencies considered several tradeoffs harm.
between the reporting burden on market 77 K Street, NE., Washington, DC 20002.
Additionally, comments are invited
risk institutions and the information STATUS: Open to the public.
on:
needs of bank supervisors. One issue MATTERS TO BE CONSIDERED:
that the agencies identified was that (a) Whether the collections of
information that are the subject of this Open to the Public
market risk institutions have exposures
in certain products that might fit into notice are necessary for the proper 1. Approval of the Minutes of the
more than one of the specified risk performance of the agencies’ functions, January 26, 2015 Board Member
categories (e.g., interest rate, equity, including whether the information has Meeting
foreign exchange, commodities, and practical utility; 2. Monthly Reports
credit). For example, convertible (b) The accuracy of the agencies’ a. Monthly Participant Activity Report
securities will mostly be subject to estimates of the burden of the b. Monthly Investment Policy Report
interest rate risk unless their value information collections as they are c. Legislative Report
converges with that of the underlying proposed to be revised, including the 3. Internal Audit Plan
equity. Similarly, foreign exchange validity of the methodology and CONTACT PERSON FOR MORE INFORMATION:
swaps are primarily interest rate assumptions used; Kimberly Weaver, Director, Office of
positions, but it is possible that a market (c) Ways to enhance the quality, External Affairs, (202) 942–1640.
risk institution might classify some as utility, and clarity of the information to Dated: February 13, 2015.
subject to foreign exchange risk. be collected; Megan Grumbine,
Accordingly, for purposes of reporting
the VaR- or stressed VaR-based (d) Ways to minimize the burden of Deputy General Counsel, Federal Retirement
information collections on respondents, Thrift Investment Board.
measures on the FFIEC 102, market risk
institutions may classify their exposures including through the use of automated [FR Doc. 2015–03424 Filed 2–13–15; 11:15 am]
in the same risk categories in which collection techniques or other forms of BILLING CODE 6720–01–P
they are reported internally. Similarly, information technology; and
for purposes of reporting on the (e) Estimates of capital or start-up
proposed FFIEC 102, the agencies have costs and costs of operation, DEPARTMENT OF VETERANS
proposed to define diversification maintenance, and purchase of services AFFAIRS
benefit as any adjustment to VaR- or to provide the information. [OMB Control No. 2900–0321]
stressed VaR-based measures that a Comments submitted in response to
market risk institution makes to reflect this joint notice will be shared among Proposed Information Collection
the absence of a perfect statistical the agencies. All comments will become (Appointment of Veterans Service
correlation between the values of the a matter of public record. Organization/or Individuals as
underlying positions. The agencies also Claimant’s Representative) Activity:
recognize that some market risk Comment Request
emcdonald on DSK67QTVN1PROD with NOTICES
9 Consolidated Reports of Condition and Income
institutions may not adjust for for a Bank with Domestic and Foreign Offices
diversification benefits in their VaR- or (FFIEC 031), Consolidated Reports of Condition and AGENCY: Veterans Benefits
stressed VaR-based estimates, and in Income for a Bank with Domestic Offices Only Administration, Department of Veterans
that case a market risk institution would
(FFIEC 041), Consolidated Financial Statements for Affairs.
Holding Companies (FR Y–9C), and Regulatory
Capital Reporting for Institutions Subject to the ACTION: Notice.
8 See 12 CFR part 3, subpart F (OCC); 12 CFR part Advanced Capital Adequacy Framework (FFIEC
217 subpart F (Board); and 12 CFR part 324, subpart 101) (OMB Numbers: OCC, 1557–0239; Board, SUMMARY: The Veterans Benefits
F (FDIC). 7100–0319; and FDIC, 3064–0159). Administration (VBA), Department of
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Document Created: 2018-02-16 11:10:50
Document Modified: 2018-02-16 11:10:50
| 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 | |
| Dates | 10:00 a.m. February 23, 2015 (Telephonic). | |
| FR Citation | 80 FR 8763 |
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