81_FR_22235 81 FR 22163 - Agency Information Collection Activities: Proposed Collection; Comment Request

81 FR 22163 - Agency Information Collection Activities: Proposed Collection; Comment Request

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 81, Issue 72 (April 14, 2016)

Page Range22163-22165
FR Document2016-08586

In accordance with the requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the OCC, the Board, and the FDIC (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 Country Exposure Report (FFIEC 009) and the Country Exposure Information Report (FFIEC 009a), which are currently approved collections of information. The agencies propose to modify these collections effective September 30, 2016, to (1) have institutions provide their Legal Entity Identifier (LEI) on both reporting forms, only if they already have one, and (2) add Intermediate Holding Companies (IHCs) to the Board's respondent panel. 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 prior to giving final approval. The agencies will then submit the revisions to OMB for review and approval.

Federal Register, Volume 81 Issue 72 (Thursday, April 14, 2016)
[Federal Register Volume 81, Number 72 (Thursday, April 14, 2016)]
[Notices]
[Pages 22163-22165]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-08586]



[[Page 22163]]

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury; 
Board of Governors of the Federal Reserve System (Board); and Federal 
Deposit Insurance Corporation (FDIC).

ACTION: Joint notice and request for comment.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (44 U.S.C. chapter 35), the OCC, the Board, and the FDIC 
(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 Country Exposure Report (FFIEC 009) and the Country Exposure 
Information Report (FFIEC 009a), which are currently approved 
collections of information. The agencies propose to modify these 
collections effective September 30, 2016, to (1) have institutions 
provide their Legal Entity Identifier (LEI) on both reporting forms, 
only if they already have one, and (2) add Intermediate Holding 
Companies (IHCs) to the Board's respondent panel. 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 prior to giving final approval. 
The agencies will then submit the revisions to OMB for review and 
approval.

DATES: Comments must be submitted on or before June 13, 2016.

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: 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 ``1557-0100, FFIEC 009 and FFIEC 009a,'' 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 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 comments or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    Board: You may submit comments, which should refer to ``FFIEC 009 
and FFIEC 009a,'' 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.
     Email: [email protected]. Include the 
reporting form numbers in the subject line of the message.
     FAX: 202-452-3819 or 202-452-3102.
     Mail: Robert deV. Frierson, 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 9:00 a.m. and 5:00 p.m. on weekdays.
    FDIC: You may submit comments, which should refer to ``FFIEC 009 
and FFIEC 009a,'' by any of the following methods:
     Agency Web site: https://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC 
Web site.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include ``FFIEC 009 and FFIEC 
009a'' in the subject line of the message.
     Mail: Gary A. Kuiper, Counsel, Room MB-3016, or Manuel E. 
Cabeza, Counsel, Room MB-3105, Attn: Comments, 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 7:00 a.m. and 5:00 p.m.
    Public Inspection: All comments received will be posted without 
change to https://www.fdic.gov/regulations/laws/federal/ including any 
personal information provided. Paper copies of public comments may be 
requested from the FDIC Public Information Center by telephone at 877-
275-3342 or 703-562-2200.
    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; by fax to 202-395-6974; or by email to 
[email protected].

FOR FURTHER INFORMATION CONTACT: For further information about the 
proposed revisions to the FFIEC 009 and FFIEC 009a discussed in this 
notice, please contact any of the agency staff whose names appear 
below. In addition, copies of the FFIEC 009 and FFIEC 009a reporting 
forms can be obtained at the FFIEC's Web site (http://www.ffiec.gov/ffiec_report_forms.htm).
    OCC: Mary H. Gottlieb, OCC Clearance Officer, 202-649-5490, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, Washington, DC 20219.
    Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, 
202-452-3884, 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: Gary Kuiper, Counsel, (202) 898-3877, or Manuel E. Cabeza, 
Counsel, (202) 898-3767, Federal

[[Page 22164]]

Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 
20429.

SUPPLEMENTARY INFORMATION: The agencies are proposing to revise and 
extend for three years the FFIEC 009 and FFIEC 009a, which are 
currently an approved collection of information for each agency.
    Report Titles: Country Exposure Report and Country Exposure 
Information Report.
    Form Numbers: FFIEC 009 and FFIEC 009a.
    Frequency of Response: Quarterly.
    Affected Public: Business or other for profit.

OCC

    OMB Number: 1557-0100.
    Estimated Number of Respondents: 16 (FFIEC 009), 9 (FFIEC 009a).
    Estimated Average Time per Response: 131 hours (FFIEC 009), 6 hours 
(FFIEC 009a).
    Estimated Total Annual Burden: 8,384 hours (FFIEC 009), 216 hours 
(FFIEC 009a).

Board

    OMB Number: 7100-0035.
    Estimated Number of Respondents: 45 (FFIEC 009), 33 (FFIEC 009a).
    Estimated Average Time per Response: 131 hours (FFIEC 009), 6 hours 
(FFIEC 009a).
    Estimated Total Annual Burden: 23,580 hours (FFIEC 009), 792 hours 
(FFIEC 009a).

FDIC

    OMB Number: 3064-0017.
    Estimated Number of Respondents: 17 (FFIEC 009), 9 (FFIEC 009a).
    Estimated Average Time per Response: 131 hours (FFIEC 009), 6 hours 
(FFIEC 009a).
    Estimated Total Annual Burden: 8,908 hours (FFIEC 009), 216 hours 
(FFIEC 009a).

General Description of Reports

    The Country Exposure Report (FFIEC 009) is filed quarterly with the 
agencies and provides information on international claims of U.S. 
banks, savings associations, bank holding companies, and savings and 
loan holding companies that is used for supervisory and analytical 
purposes. The information is used to monitor the foreign country 
exposures of reporting institutions to determine the degree of risk in 
their portfolios and assess the potential risk of loss. The Country 
Exposure Information Report (FFIEC 009a) is a supplement to the FFIEC 
009 and provides publicly available information on material foreign 
country exposures (all exposures to a country in excess of 1 percent of 
total assets or 20 percent of capital, whichever is less) of U.S. 
banks, savings associations, bank holding companies, and savings and 
loan holding companies that file the FFIEC 009 report. As part of the 
Country Exposure Information Report, reporting institutions also must 
furnish a list of countries in which they have lending exposures above 
0.75 percent of total assets or 15 percent of total capital, whichever 
is less.

Discussion of Proposed Revisions

    A. The Legal Entity Identifier (LEI) is a 20-digit alpha-numeric 
code that uniquely identifies entities that engage in financial 
transactions. The recent financial crisis spurred the development of a 
Global LEI System (GLEIS). Internationally, regulators and market 
participants have recognized the importance of the LEI as a key 
improvement in financial data systems. The Group of Twenty (G-20) 
nations directed the Financial Stability Board to lead the coordination 
of international regulatory work and deliver concrete recommendations 
on the GLEIS by mid-2012, which in turn were endorsed by the G-20 later 
that same year. In January 2013, the LEI Regulatory Oversight Committee 
(ROC), including participation by regulators from around the world, was 
established to oversee the GLEIS on an interim basis. With the 
establishment of the full Global LEI Foundation in 2014, the ROC 
continues to review and develop broad policy standards for LEIs. The 
OCC, the Board, and the FDIC are all members of the ROC.
    The LEI system is designed to facilitate several financial 
stability objectives, including the provision of higher quality and 
more accurate financial data. In the United States, the Financial 
Stability Oversight Council (FSOC) has recommended that regulators and 
market participants continue to work together to improve the quality 
and comprehensiveness of financial data both nationally and globally. 
In this regard, the FSOC also has recommended that its member agencies 
promote the use of the LEI in reporting requirements and rulemakings, 
where appropriate.\1\
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    \1\ Financial Stability Oversight Council 2015 Annual Report, 
page 14, at http://www.treasury.gov/initiatives/fsoc/studies-reports/Documents/2015%20FSOC%20Annual%20Report.pdf.
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    Effective beginning October 31, 2014, the Board started requiring 
holding companies to provide their LEI on the cover pages of the FR Y-
6, FR Y-7, and FR Y-10 reports \2\ only if a holding company already 
has an LEI. Thus, if a reporting holding company does not have an LEI, 
it is not required to obtain one for purposes of these Board reports. 
Additionally, effective for December 2015, the Board expanded the 
collection of the LEI to all holding company subsidiary banking and 
nonbanking legal entities reportable on certain schedules of the FR Y-
10 and in one section of the FR Y-6 and FR Y-7 if an LEI has already 
been issued for the reportable entity. With respect to the FFIEC 009 
and FFIEC 009a, the agencies are proposing to have reporting 
institutions provide their LEI on the cover page of each report 
beginning September 30, 2016, only if an institution already has an 
LEI. As with the Board reports, an institution that does not have an 
LEI would not be required to obtain one for purposes of reporting it on 
the FFIEC 009 and FFIEC 009a.
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    \2\ FR Y-6, Annual Report of Holding Companies; FR Y-7, Annual 
Report of Foreign Banking Organizations; and FR Y-10, Report of 
Changes in Organizational Structure (OMB No. 7100-0297).
---------------------------------------------------------------------------

    B. On December 14, 2012, the Board invited comment on a notice of 
proposed rulemaking (proposed Regulation YY) \3\ that would have 
required a Foreign Banking Organization (FBO) with $50 billion in non-
branch assets to establish a U.S. IHC, imposed enhanced prudential 
standards on the IHC, and required the IHC to submit any reporting 
forms in the same manner and to the same extent as a bank holding 
company. On February 18, 2014, the Board adopted a final rule 
implementing enhanced prudential standards for FBOs (Regulation YY),\4\ 
with certain revisions in response to comments. The Board indicated in 
the preamble to Regulation YY that it would address the reporting 
requirements for IHCs at a later date. Based on the background provided 
above, the agencies propose to add IHCs to the FFIEC 009 and FFIEC 009a 
panel of Board respondents beginning September 30, 2016.
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    \3\ See 77 FR 76628 (December 28, 2012).
    \4\ See 79 FR 17240 (March 27, 2014).
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Legal Basis for the Information Collection

    These information collections are mandatory under the following 
statutes: 12 U.S.C. 161 and 1817 (national banks), 12 U.S.C. 1464 
(federal savings associations), 12 U.S.C. 248(a)(1) and (2), 1844(c), 
and 3906 (state member banks and bank holding companies); 12 U.S.C. 
1467a(b)(2)(A) (savings and loan holding companies); 12 U.S.C. 5365(a) 
(intermediate holding companies); and 12 U.S.C. 1817 and 1820 (insured 
state nonmember commercial and savings

[[Page 22165]]

banks and insured state savings associations). The FFIEC 009 
information collection is given confidential treatment (5 U.S.C. 
552(b)(4) and (b)(8)). The FFIEC 009a information collection is not 
given confidential treatment.

Request for Comment

    The agencies invite comment on the following topics related to this 
collection of information:
    (a) Whether the information collections 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 collections, including the validity of the methodology and 
assumptions used;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be 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. All comments will become a matter of public record.

    Dated: April 4, 2016.
Stuart Feldstein,
Director, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency.
    Board of Governors of the Federal Reserve System, April 8, 2016.
Robert deV. Frierson,
Secretary of the Board.
    Dated at Washington, DC, this 4th day of April, 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-08586 Filed 4-13-16; 8:45 am]
 BILLING CODE 4810-33-P; 6714-01-P; 6210-01-P



                                                                                Federal Register / Vol. 81, No. 72 / Thursday, April 14, 2016 / Notices                                         22163

                                                  DEPARTMENT OF THE TREASURY                              encouraged to submit comments by                      FFIEC 009a,’’ by any of the following
                                                                                                          email, if possible. Comments may be                   methods:
                                                  Office of the Comptroller of the                        sent to: Legislative and Regulatory                      • Agency Web site: https://
                                                  Currency                                                Activities Division, Office of the                    www.fdic.gov/regulations/laws/federal/.
                                                                                                          Comptroller of the Currency, Attention                Follow the instructions for submitting
                                                  FEDERAL RESERVE SYSTEM                                  ‘‘1557–0100, FFIEC 009 and FFIEC                      comments on the FDIC Web site.
                                                                                                          009a,’’ 400 7th Street SW., Suite 3E–                    • Federal eRulemaking Portal: http://
                                                  FEDERAL DEPOSIT INSURANCE                               218, Mail Stop 9W–11, Washington, DC                  www.regulations.gov. Follow the
                                                  CORPORATION                                             20219. In addition, comments may be                   instructions for submitting comments.
                                                                                                          sent by fax to 571–465–4326 or by                        • Email: Comments@FDIC.gov.
                                                  Agency Information Collection                           electronic mail to prainfo@occ.treas.gov.             Include ‘‘FFIEC 009 and FFIEC 009a’’ in
                                                  Activities: Proposed Collection;                           You may personally inspect and                     the subject line of the message.
                                                  Comment Request                                         photocopy comments at the OCC, 400                       • Mail: Gary A. Kuiper, Counsel,
                                                  AGENCIES:  Office of the Comptroller of                 7th Street SW., Washington, DC 20219.                 Room MB–3016, or Manuel E. Cabeza,
                                                  the Currency (OCC), Treasury; Board of                  For security reasons, the OCC requires                Counsel, Room MB–3105, Attn:
                                                  Governors of the Federal Reserve                        that visitors make an appointment to                  Comments, Federal Deposit Insurance
                                                  System (Board); and Federal Deposit                     inspect comments. You may do so by                    Corporation, 550 17th Street NW.,
                                                  Insurance Corporation (FDIC).                           calling 202–649–6700. Upon arrival,                   Washington, DC 20429.
                                                  ACTION: Joint notice and request for                    visitors will be required to present valid               • Hand Delivery: Comments may be
                                                  comment.                                                government-issued photo identification                hand delivered to the guard station at
                                                                                                          and submit to security screening in                   the rear of the 550 17th Street Building
                                                  SUMMARY:    In accordance with the                      order to inspect and photocopy                        (located on F Street) on business days
                                                  requirements of the Paperwork                           comments.                                             between 7:00 a.m. and 5:00 p.m.
                                                  Reduction Act of 1995 (44 U.S.C.                           All comments received, including                      Public Inspection: All comments
                                                  chapter 35), the OCC, the Board, and the                attachments and other supporting                      received will be posted without change
                                                  FDIC (the ‘‘agencies’’) may not conduct                 materials, are part of the public record              to https://www.fdic.gov/regulations/
                                                  or sponsor, and the respondent is not                   and subject to public disclosure. Do not              laws/federal/ including any personal
                                                  required to respond to, an information                  include any information in your                       information provided. Paper copies of
                                                  collection unless it displays a currently               comments or supporting materials that                 public comments may be requested from
                                                  valid Office of Management and Budget                   you consider confidential or                          the FDIC Public Information Center by
                                                  (OMB) control number. The Federal                       inappropriate for public disclosure.                  telephone at 877–275–3342 or 703–562–
                                                  Financial Institutions Examination                         Board: You may submit comments,                    2200.
                                                  Council (FFIEC), of which the agencies                  which should refer to ‘‘FFIEC 009 and                    Additionally, commenters may send a
                                                  are members, has approved the                           FFIEC 009a,’’ by any of the following                 copy of their comments to the OMB
                                                  agencies’ publication for public                        methods:                                              desk officer for the agencies by mail to
                                                  comment of a proposal to extend, with                      • Agency Web site: http://                         the Office of Information and Regulatory
                                                  revision, the Country Exposure Report                   www.federalreserve.gov. Follow the                    Affairs, U.S. Office of Management and
                                                  (FFIEC 009) and the Country Exposure                    instructions for submitting comments                  Budget, New Executive Office Building,
                                                  Information Report (FFIEC 009a), which                  on the http://www.federalreserve.gov/                 Room 10235, 725 17th Street NW.,
                                                  are currently approved collections of                   generalinfo/foia/ProposedRegs.cfm.                    Washington, DC 20503; by fax to 202–
                                                  information. The agencies propose to                       • Federal eRulemaking Portal: http://              395–6974; or by email to oira_
                                                  modify these collections effective                      www.regulations.gov. Follow the                       submission@omb.eop.gov.
                                                  September 30, 2016, to (1) have                         instructions for submitting comments.
                                                                                                             • Email: regs.comments@                            FOR FURTHER INFORMATION CONTACT: For
                                                  institutions provide their Legal Entity                                                                       further information about the proposed
                                                  Identifier (LEI) on both reporting forms,               federalreserve.gov. Include the reporting
                                                                                                          form numbers in the subject line of the               revisions to the FFIEC 009 and FFIEC
                                                  only if they already have one, and (2)                                                                        009a discussed in this notice, please
                                                  add Intermediate Holding Companies                      message.
                                                  (IHCs) to the Board’s respondent panel.                    • FAX: 202–452–3819 or 202–452–                    contact any of the agency staff whose
                                                                                                          3102.                                                 names appear below. In addition, copies
                                                  At the end of the comment period, the
                                                                                                             • Mail: Robert deV. Frierson,                      of the FFIEC 009 and FFIEC 009a
                                                  comments and recommendations                                                                                  reporting forms can be obtained at the
                                                                                                          Secretary, Board of Governors of the
                                                  received will be analyzed to determine                                                                        FFIEC’s Web site (http://www.ffiec.gov/
                                                                                                          Federal Reserve System, 20th Street and
                                                  the extent to which the FFIEC and the                                                                         ffiec_report_forms.htm).
                                                                                                          Constitution Avenue NW., Washington,
                                                  agencies should modify the proposed                                                                              OCC: Mary H. Gottlieb, OCC
                                                                                                          DC 20551.
                                                  revisions prior to giving final approval.                  All public comments are available                  Clearance Officer, 202–649–5490,
                                                  The agencies will then submit the                       from the Board’s Web site at http://                  Legislative and Regulatory Activities
                                                  revisions to OMB for review and                         www.federalreserve.gov/generalinfo/                   Division, Office of the Comptroller of
                                                  approval.                                               foia/ProposedRegs.cfm as submitted,                   the Currency, Washington, DC 20219.
                                                  DATES: Comments must be submitted on                    unless modified for technical reasons.                   Board: Nuha Elmaghrabi, Federal
                                                  or before June 13, 2016.                                Accordingly, your comments will not be                Reserve Board Clearance Officer, 202–
                                                  ADDRESSES: Interested parties are                       edited to remove any identifying or                   452–3884, Division of Research and
mstockstill on DSK4VPTVN1PROD with NOTICES




                                                  invited to submit written comments to                   contact information. Public comments                  Statistics, Board of Governors of the
                                                  any or all of the agencies. All comments,               may also be viewed electronically or in               Federal Reserve System, 20th and C
                                                  which should refer to the OMB control                   paper in Room MP–500 of the Board’s                   Streets NW., Washington, DC 20551.
                                                  number(s), will be shared among the                     Martin Building (20th and C Streets                   Telecommunications Device for the Deaf
                                                  agencies.                                               NW.) between 9:00 a.m. and 5:00 p.m.                  (TDD) users may call 202–263–4869.
                                                    OCC: Because paper mail in the                        on weekdays.                                             FDIC: Gary Kuiper, Counsel, (202)
                                                  Washington, DC, area and at the OCC is                     FDIC: You may submit comments,                     898–3877, or Manuel E. Cabeza,
                                                  subject to delay, commenters are                        which should refer to ‘‘FFIEC 009 and                 Counsel, (202) 898–3767, Federal


                                             VerDate Sep<11>2014   17:56 Apr 13, 2016   Jkt 238001   PO 00000   Frm 00116   Fmt 4703   Sfmt 4703   E:\FR\FM\14APN1.SGM   14APN1


                                                  22164                         Federal Register / Vol. 81, No. 72 / Thursday, April 14, 2016 / Notices

                                                  Deposit Insurance Corporation, 550 17th                 excess of 1 percent of total assets or 20             company already has an LEI. Thus, if a
                                                  Street NW., Washington, DC 20429.                       percent of capital, whichever is less) of             reporting holding company does not
                                                  SUPPLEMENTARY INFORMATION: The                          U.S. banks, savings associations, bank                have an LEI, it is not required to obtain
                                                  agencies are proposing to revise and                    holding companies, and savings and                    one for purposes of these Board reports.
                                                  extend for three years the FFIEC 009                    loan holding companies that file the                  Additionally, effective for December
                                                  and FFIEC 009a, which are currently an                  FFIEC 009 report. As part of the Country              2015, the Board expanded the collection
                                                  approved collection of information for                  Exposure Information Report, reporting                of the LEI to all holding company
                                                  each agency.                                            institutions also must furnish a list of              subsidiary banking and nonbanking
                                                    Report Titles: Country Exposure                       countries in which they have lending                  legal entities reportable on certain
                                                  Report and Country Exposure                             exposures above 0.75 percent of total                 schedules of the FR Y–10 and in one
                                                  Information Report.                                     assets or 15 percent of total capital,                section of the FR Y–6 and FR Y–7 if an
                                                    Form Numbers: FFIEC 009 and FFIEC                     whichever is less.                                    LEI has already been issued for the
                                                  009a.                                                   Discussion of Proposed Revisions                      reportable entity. With respect to the
                                                    Frequency of Response: Quarterly.                                                                           FFIEC 009 and FFIEC 009a, the agencies
                                                    Affected Public: Business or other for                   A. The Legal Entity Identifier (LEI) is            are proposing to have reporting
                                                  profit.                                                 a 20-digit alpha-numeric code that                    institutions provide their LEI on the
                                                                                                          uniquely identifies entities that engage              cover page of each report beginning
                                                  OCC                                                     in financial transactions. The recent                 September 30, 2016, only if an
                                                    OMB Number: 1557–0100.                                financial crisis spurred the development              institution already has an LEI. As with
                                                    Estimated Number of Respondents: 16                   of a Global LEI System (GLEIS).                       the Board reports, an institution that
                                                  (FFIEC 009), 9 (FFIEC 009a).                            Internationally, regulators and market                does not have an LEI would not be
                                                    Estimated Average Time per                            participants have recognized the                      required to obtain one for purposes of
                                                  Response: 131 hours (FFIEC 009), 6                      importance of the LEI as a key                        reporting it on the FFIEC 009 and FFIEC
                                                  hours (FFIEC 009a).                                     improvement in financial data systems.                009a.
                                                    Estimated Total Annual Burden:                        The Group of Twenty (G-20) nations                      B. On December 14, 2012, the Board
                                                  8,384 hours (FFIEC 009), 216 hours                      directed the Financial Stability Board to             invited comment on a notice of
                                                  (FFIEC 009a).                                           lead the coordination of international                proposed rulemaking (proposed
                                                                                                          regulatory work and deliver concrete                  Regulation YY) 3 that would have
                                                  Board                                                   recommendations on the GLEIS by mid-                  required a Foreign Banking
                                                    OMB Number: 7100–0035.                                2012, which in turn were endorsed by                  Organization (FBO) with $50 billion in
                                                    Estimated Number of Respondents: 45                   the G-20 later that same year. In January             non-branch assets to establish a U.S.
                                                  (FFIEC 009), 33 (FFIEC 009a).                           2013, the LEI Regulatory Oversight                    IHC, imposed enhanced prudential
                                                    Estimated Average Time per                            Committee (ROC), including                            standards on the IHC, and required the
                                                  Response: 131 hours (FFIEC 009), 6                      participation by regulators from around               IHC to submit any reporting forms in the
                                                  hours (FFIEC 009a).                                     the world, was established to oversee                 same manner and to the same extent as
                                                    Estimated Total Annual Burden:                        the GLEIS on an interim basis. With the               a bank holding company. On February
                                                  23,580 hours (FFIEC 009), 792 hours                     establishment of the full Global LEI                  18, 2014, the Board adopted a final rule
                                                  (FFIEC 009a).                                           Foundation in 2014, the ROC continues                 implementing enhanced prudential
                                                                                                          to review and develop broad policy                    standards for FBOs (Regulation YY),4
                                                  FDIC                                                    standards for LEIs. The OCC, the Board,               with certain revisions in response to
                                                    OMB Number: 3064–0017.                                and the FDIC are all members of the                   comments. The Board indicated in the
                                                    Estimated Number of Respondents: 17                   ROC.                                                  preamble to Regulation YY that it would
                                                  (FFIEC 009), 9 (FFIEC 009a).                               The LEI system is designed to
                                                                                                                                                                address the reporting requirements for
                                                    Estimated Average Time per                            facilitate several financial stability
                                                                                                                                                                IHCs at a later date. Based on the
                                                  Response: 131 hours (FFIEC 009), 6                      objectives, including the provision of
                                                                                                                                                                background provided above, the
                                                  hours (FFIEC 009a).                                     higher quality and more accurate
                                                                                                          financial data. In the United States, the             agencies propose to add IHCs to the
                                                    Estimated Total Annual Burden:
                                                                                                          Financial Stability Oversight Council                 FFIEC 009 and FFIEC 009a panel of
                                                  8,908 hours (FFIEC 009), 216 hours
                                                                                                          (FSOC) has recommended that                           Board respondents beginning September
                                                  (FFIEC 009a).
                                                                                                          regulators and market participants                    30, 2016.
                                                  General Description of Reports                          continue to work together to improve                  Legal Basis for the Information
                                                     The Country Exposure Report (FFIEC                   the quality and comprehensiveness of                  Collection
                                                  009) is filed quarterly with the agencies               financial data both nationally and                       These information collections are
                                                  and provides information on                             globally. In this regard, the FSOC also               mandatory under the following statutes:
                                                  international claims of U.S. banks,                     has recommended that its member                       12 U.S.C. 161 and 1817 (national banks),
                                                  savings associations, bank holding                      agencies promote the use of the LEI in                12 U.S.C. 1464 (federal savings
                                                  companies, and savings and loan                         reporting requirements and                            associations), 12 U.S.C. 248(a)(1) and
                                                  holding companies that is used for                      rulemakings, where appropriate.1                      (2), 1844(c), and 3906 (state member
                                                  supervisory and analytical purposes.                       Effective beginning October 31, 2014,              banks and bank holding companies); 12
                                                  The information is used to monitor the                  the Board started requiring holding                   U.S.C. 1467a(b)(2)(A) (savings and loan
                                                  foreign country exposures of reporting                  companies to provide their LEI on the                 holding companies); 12 U.S.C. 5365(a)
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                                                  institutions to determine the degree of                 cover pages of the FR Y–6, FR Y–7, and                (intermediate holding companies); and
                                                  risk in their portfolios and assess the                 FR Y–10 reports 2 only if a holding                   12 U.S.C. 1817 and 1820 (insured state
                                                  potential risk of loss. The Country                                                                           nonmember commercial and savings
                                                  Exposure Information Report (FFIEC                        1 Financial Stability Oversight Council 2015

                                                  009a) is a supplement to the FFIEC 009                  Annual Report, page 14, at http://www.treasury.gov/
                                                                                                          initiatives/fsoc/studies-reports/Documents/           Organizations; and FR Y–10, Report of Changes in
                                                  and provides publicly available                         2015%20FSOC%20Annual%20Report.pdf.                    Organizational Structure (OMB No. 7100–0297).
                                                  information on material foreign country                   2 FR Y–6, Annual Report of Holding Companies;         3 See 77 FR 76628 (December 28, 2012).

                                                  exposures (all exposures to a country in                FR Y–7, Annual Report of Foreign Banking                4 See 79 FR 17240 (March 27, 2014).




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                                                                                Federal Register / Vol. 81, No. 72 / Thursday, April 14, 2016 / Notices                                                 22165

                                                  banks and insured state savings                         SUMMARY:   The Taxpayer Advocacy                      FOR FURTHER INFORMATION CONTACT:
                                                  associations). The FFIEC 009                            Panel Taxpayer Assistance Center                      Donna Powers at 1–888–912–1227 or
                                                  information collection is given                         Improvements Project Committee will                   (954) 423–7977.
                                                  confidential treatment (5 U.S.C.                        conduct an open meeting and will                      SUPPLEMENTARY INFORMATION: Notice is
                                                  552(b)(4) and (b)(8)). The FFIEC 009a                   solicit public comments, ideas, and                   hereby given pursuant to section
                                                  information collection is not given                     suggestions on improving customer                     10(a)(2) of the Federal Advisory
                                                  confidential treatment.                                 service at the Internal Revenue Service.              Committee Act, 5 U.S.C. App. (1988)
                                                  Request for Comment                                          The meeting will be held
                                                                                                          DATES:                                                that an open meeting of the Taxpayer
                                                                                                          Wednesday, May 11, 2016.                              Advocacy Panel Tax Forms and
                                                    The agencies invite comment on the                                                                          Publications Project Committee will be
                                                  following topics related to this                        FOR FURTHER INFORMATION CONTACT:Otis                  held Thursday, May 12, 2016, at 1:00
                                                  collection of information:                              Simpson at 1–888–912–1227 or 202–                     p.m. Eastern Time via teleconference.
                                                    (a) Whether the information                           317–3332.                                             The public is invited to make oral
                                                  collections are necessary for the proper                                                                      comments or submit written statements
                                                                                                          SUPPLEMENTARY INFORMATION:     Notice is
                                                  performance of the agencies’ functions,                                                                       for consideration. Due to limited
                                                                                                          hereby given pursuant to Section
                                                  including whether the information has                                                                         conference lines, notification of intent
                                                                                                          10(a)(2) of the Federal Advisory
                                                  practical utility;                                                                                            to participate must be made with Donna
                                                                                                          Committee Act, 5 U.S.C. App. (1988)
                                                    (b) The accuracy of the agencies’                                                                           Powers. For more information please
                                                                                                          that a meeting of the Taxpayer
                                                  estimates of the burden of the                                                                                contact: Donna Powers at 1–888–912–
                                                                                                          Advocacy Panel Taxpayer Assistance
                                                  information collections, including the                                                                        1227 or (954) 423–7977 or write: TAP
                                                                                                          Center Improvements Project Committee
                                                  validity of the methodology and                                                                               Office, 1000 S. Pine Island Road,
                                                                                                          will be held Wednesday, May 11, 2016,
                                                  assumptions used;                                                                                             Plantation, FL 33324 or contact us at the
                                                    (c) Ways to enhance the quality,                      at 2:00 p.m. Eastern Time. The public is
                                                                                                          invited to make oral comments or                      Web site: http://www.improveirs.org.
                                                  utility, and clarity of the information to
                                                                                                          submit written statements for                         The committee will be discussing
                                                  be collected;
                                                                                                          consideration. Due to limited                         various issues related to Tax Forms and
                                                    (d) Ways to minimize the burden of
                                                                                                          conference lines, notification of intent              Publications and public input is
                                                  information collections on respondents,
                                                                                                          to participate must be made with Otis                 welcomed.
                                                  including through the use of automated
                                                  collection techniques or other forms of                 Simpson. For more information please                    Dated: April 8, 2016.
                                                  information technology; and                             contact: Otis Simpson at 1–888–912–                   Kevin Brown,
                                                    (e) Estimates of capital or start-up                  1227 or 202–317–3332, TAP Office,                     Acting Director, Taxpayer Advocacy Panel.
                                                  costs and costs of operation,                           1111 Constitution Avenue NW., Room
                                                                                                                                                                [FR Doc. 2016–08667 Filed 4–13–16; 8:45 am]
                                                  maintenance, and purchase of services                   1509, National Office, Washington, DC
                                                                                                                                                                BILLING CODE 4830–01–P
                                                  to provide information.                                 20224, or contact us at the Web site:
                                                    Comments submitted in response to                     http://www.improveirs.org.
                                                  this joint notice will be shared among                     The committee will be discussing                   DEPARTMENT OF THE TREASURY
                                                  the agencies. All comments will become                  various issues related to the Taxpayer
                                                  a matter of public record.                              Assistance Centers and public input is                Internal Revenue Service
                                                    Dated: April 4, 2016.                                 welcomed.
                                                                                                                                                                Open Meeting of the Taxpayer
                                                  Stuart Feldstein,                                         Dated: April 8, 2016.
                                                                                                                                                                Advocacy Panel Notices and
                                                  Director, Legislative and Regulatory Activities         Kevin Brown,
                                                                                                                                                                Correspondence Project Committee
                                                  Division, Office of the Comptroller of the              Acting Director, Taxpayer Advocacy Panel.
                                                  Currency.                                               [FR Doc. 2016–08666 Filed 4–13–16; 8:45 am]           AGENCY: Internal Revenue Service (IRS),
                                                    Board of Governors of the Federal Reserve             BILLING CODE 4830–01–P
                                                                                                                                                                Treasury.
                                                  System, April 8, 2016.                                                                                        ACTION: Notice of meeting.
                                                  Robert deV. Frierson,
                                                  Secretary of the Board.                                 DEPARTMENT OF THE TREASURY                            SUMMARY:   An open meeting of the
                                                    Dated at Washington, DC, this 4th day of
                                                                                                                                                                Taxpayer Advocacy Panel Notices and
                                                  April, 2016.                                            Internal Revenue Service                              Correspondence Project Committee will
                                                  Federal Deposit Insurance Corporation.
                                                                                                                                                                be conducted. The Taxpayer Advocacy
                                                                                                          Open Meeting of the Taxpayer                          Panel is soliciting public comments,
                                                  Robert E. Feldman,                                      Advocacy Panel Tax Forms and                          ideas, and suggestions on improving
                                                  Executive Secretary.                                    Publications Project Committee                        customer service at the Internal Revenue
                                                  [FR Doc. 2016–08586 Filed 4–13–16; 8:45 am]                                                                   Service.
                                                  BILLING CODE 4810–33–P; 6714–01–P; 6210–01–P            AGENCY: Internal Revenue Service (IRS),               DATES: The meeting will be held
                                                                                                          Treasury.                                             Wednesday, May 25, 2016.
                                                                                                          ACTION:   Notice of meeting.                          FOR FURTHER INFORMATION CONTACT:
                                                  DEPARTMENT OF THE TREASURY
                                                                                                                                                                Theresa Singleton at 1–888–912–1227 or
                                                  Internal Revenue Service                                SUMMARY:   An open meeting of the                     202–317–3329.
                                                                                                          Taxpayer Advocacy Panel Tax Forms                     SUPPLEMENTARY INFORMATION: Notice is
                                                  Open Meeting of the Taxpayer                            and Publications Project Committee will
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                                                                                                                                                                hereby given pursuant to Section
                                                  Advocacy Panel Taxpayer Assistance                      be conducted. The Taxpayer Advocacy                   10(a)(2) of the Federal Advisory
                                                  Center Improvements Project                             Panel is soliciting public comments,                  Committee Act, 5 U.S.C. App. (1988)
                                                  Committee                                               ideas and suggestions on improving                    that a meeting of the Taxpayer
                                                                                                          customer service at the Internal Revenue              Advocacy Panel Notices and
                                                  AGENCY: Internal Revenue Service (IRS),                 Service.
                                                  Treasury.                                                                                                     Correspondence Project Committee will
                                                                                                          DATES:The meeting will be held                        be held Wednesday, May 25, 2016, at
                                                  ACTION: Notice of meeting.
                                                                                                          Thursday, May 12, 2016.                               12:00 p.m. Eastern Time via


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Document Created: 2018-02-07 13:48:22
Document Modified: 2018-02-07 13:48:22
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionJoint notice and request for comment.
DatesComments must be submitted on or before June 13, 2016.
ContactFor further information about the proposed revisions to the FFIEC 009 and FFIEC 009a discussed in this notice, please contact any of the agency staff whose names appear below. In addition, copies of the FFIEC 009 and FFIEC 009a reporting forms can be obtained at the FFIEC's Web site (http://www.ffiec.gov/ ffiec_report_forms.htm).
FR Citation81 FR 22163 

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