81 FR 33735 - Agency Information Collection Activities; Information Collection Renewal; Submission for OMB Review; Funding and Liquidity Risk Management
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 81, Issue 103 (May 27, 2016)
Office of the Comptroller of the Currency
Federal Register Volume 81, Issue 103 (May 27, 2016)
| Page Range | 33735-33737 | |
| FR Document | 2016-12581 |
[Federal Register Volume 81, Number 103 (Friday, May 27, 2016)] [Notices] [Pages 33735-33737] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-12581] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities; Information Collection Renewal; Submission for OMB Review; Funding and Liquidity Risk Management AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning renewal of its information collection titled, ``Funding and Liquidity Risk Management.'' The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be received by June 27, 2016. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0244, 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 or, for persons who are deaf or hard of hearing, TTY, [[Page 33736]] (202) 649-5597. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect and photocopy comments. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557-0244, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503, or by email to: [email protected]. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E-218, Mailstop 9W-11, Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC requests that OMB extend its approval of the following collection: Title: Funding and Liquidity Risk Management. OMB Control No.: 1557-0244. Type of Review: Extension, without revision, of a currently approved collection. Description: The Interagency Policy Statement on Funding and Liquidity Risk Management \1\ (Policy Statement) summarizes the principles of sound liquidity risk management that the Federal banking agencies have issued in the past \2\ and, where appropriate, harmonizes these principles with the international statement issued by the Basel Committee on Banking Supervision titled ``Principles for Sound Liquidity Risk Management and Supervision.'' \3\ The Policy Statement emphasizes supervisory expectations for all depository institutions including banks, savings associations, and credit unions. --------------------------------------------------------------------------- \1\ 75 FR 13656 (Mar. 22, 2010). \2\ For national banks and Federal savings associations, see the Comptroller's Handbook on Liquidity. For state member banks and bank holding companies, see the Federal Reserve's Commercial Bank Examination Manual (section 4020), Bank Holding Company Supervision Manual (section 4010), and Trading and Capital Markets Activities Manual (section 2030). For state non-member banks, see the FDIC's Revised Examination Guidance for Liquidity and Funds Management (Trans. No. 2002-01) (Nov. 19, 2001), and Financial Institution Letter 84-2008, Liquidity Risk Management (August 2008). For Federally insured credit unions, see Letter to Credit Unions No. 02- CU-05, Examination Program Liquidity Questionnaire (March 2002). See also Basel Committee on Banking Supervision, ``Principles for Sound Liquidity Risk Management and Supervision'' (September 2008). \3\ Basel Committee on Banking Supervision, ``Principles for Sound Liquidity Risk Management and Supervision,'' September 2008. See www.bis.org/publ/bcbs144.htm. Federally insured credit unions are not directly referenced in the principles issued by the Basel Committee. --------------------------------------------------------------------------- Section 14 of the Policy Statement provides that financial institutions should consider liquidity costs, benefits, and risks in strategic planning and budgeting processes. Significant business activities should be evaluated for liquidity risk exposure as well as profitability. More complex and sophisticated financial institutions should incorporate liquidity costs, benefits, and risks in the internal product pricing, performance measurement, and new product approval process for all material business lines, products, and activities. Incorporating the cost of liquidity into these functions should align the risk-taking incentives of individual business lines with the liquidity risk exposure their activities create for the institution as a whole. The quantification and attribution of liquidity risks should be explicit and transparent at the line management level and should include consideration of how liquidity would be affected under stressed conditions. Section 20 of the Policy Statement states that liquidity risk reports should provide aggregate information with sufficient supporting detail to enable management to assess the sensitivity of the institution to changes in market conditions, its own financial performance, and other important risk factors. Institutions also should report on the use of and availability of government support, such as lending and guarantee programs, and implications on liquidity positions, particularly since these programs are generally temporary or reserved as a source for contingent funding. Affected Public: Businesses or other for-profit. Frequency: On occasion. Estimated Burden: The OCC estimates the burden of this collection of information on national banks and Federal savings associations as follows: Estimated Number of Respondents: 1,469 total, 15 large (over $100 billion in assets), 46 mid-size ($10-$100 billion), 1,408 small (less than $10 billion). Total Estimated Burden Hours: 102,496 hours. On February 29, 2016, the OCC published a notice for 60 days of comment concerning the collection, 81 FR 10364. One comment was received from an individual. The commenter stated that the collection is burdensome and that the regulatory expectations have no practical utility. Specifically, the commenter questioned whether there is any empirical evidence showing the association between inaccurate performance measurements and liquidity risk and whether it should be labeled operational risk instead. The commenter noted the lack of guidance on how product pricing, performance measurement, and internal approval processes impact liquidity risk, which they believe is likely due to the lack of connection between these factors and an institution's ability to meet its obligations. The commenter suggested that the OCC remove the portions of the guidance regarding the risk in internal product pricing, performance measurement, and new product approval process and replace them with definitions, explanations, or examples. The comprehensive set of reports used by banks to identify, measure, monitor and control liquidity risk have been shown to be effective by helping to identify risk so that management can implement appropriate mitigation actions. An institution's obligations, and the funding sources used to meet those obligations, depend significantly on its business mix, balance-sheet structure, and the cash flow profiles of its on- and off-balance sheet obligations. A necessary part of controlling liquidity risk is understanding how liquidity risk can be created. While it is prudent for banks to understand the product pricing, performance measurement and internal approval processes, the agencies restricted those expectations to complex and sophisticated organizations. (a) Whether the information collections are necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC's estimate of the information collection burden; (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 the services necessary to provide the required information. [[Page 33737]] Dated: May 23, 2016. Mary Hoyle Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2016-12581 Filed 5-26-16; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 81, No. 103 / Friday, May 27, 2016 / Notices 33735
electronic mail to prainfo@occ.treas.gov. proposed to remove part 18 in its maintenance, and purchase of services
You may personally inspect and entirety, 81 FR 13607 (March 14, 2016). to provide information.
photocopy comments at the OCC, 400 Following issuance of a final rule Dated: May 23, 2016.
7th Street SW., Washington, DC 20219. removing part 18, the OCC will Mary Hoyle Gottlieb,
For security reasons, the OCC requires discontinue this information collection. Regulatory Specialist, Legislative and
that visitors make an appointment to Affected Public: Businesses or other Regulatory Activities Division.
inspect comments. You may do so by for-profit.
[FR Doc. 2016–12584 Filed 5–26–16; 8:45 am]
calling (202) 649–6700 or, for persons Burden Estimates:
BILLING CODE 4810–33–P
who are deaf or hard of hearing, TTY, Estimated Number of Respondents:
(202) 649–5597. Upon arrival, visitors 1,100.
will be required to present valid Estimated Total Annual Burden: 555
hours. DEPARTMENT OF THE TREASURY
government-issued photo identification
and submit to security screening in Frequency of Response: On occasion. Office of the Comptroller of the
order to inspect and photocopy Comments: On February 25, 2016, the Currency
comments. OCC issued a notice for 60 days of
All comments received, including comment concerning the collection, 81 Agency Information Collection
attachments and other supporting FR 9584. The OCC received one Activities; Information Collection
materials, are part of the public record comment from an individual. Renewal; Submission for OMB Review;
and subject to public disclosure. Do not The commenter questioned the utility Funding and Liquidity Risk
include any information in your and benefit of the information collection Management
comment or supporting materials that compared to the burden because the
rule requires information that is already AGENCY: Office of the Comptroller of the
you consider confidential or Currency (OCC), Treasury.
inappropriate for public disclosure. available through OCC’s program of
periodic and financial disclosure and ACTION: Notice and request for comment.
Additionally, please send a copy of
your comments by mail to: OCC Desk other sources. The commenter suggested
SUMMARY: The OCC, as part of its
Officer, 1557–0182, U.S. Office of that the rule should be replaced with
continuing effort to reduce paperwork
Management and Budget, 725 17th easy to understand measures or
and respondent burden, invites the
Street NW., #10235, Washington, DC statistics or rewritten to minimize the
general public and other Federal
20503, or by email to: oira submission@ burden and enhance the quality and
agencies to take this opportunity to
omb.eop.gov. clarity of the information collected. The
comment on a continuing information
information collected is available
FOR FURTHER INFORMATION CONTACT: collection, as required by the Paperwork
through the Consolidated Reports of
Shaquita Merritt, OCC Clearance Reduction Act of 1995 (PRA).
Condition of Income and, as indicated
Officer, (202) 649–5490 or, for persons In accordance with the requirements
above, this information collection will
who are deaf or hard of hearing, TTY, of the PRA, the OCC may not conduct
be discontinued following the issuance
(202) 649–5597, Legislative and or sponsor, and the respondent is not
of a final rule removing part 18.
Regulatory Activities Division, Office of required to respond to, an information
The commenter stated that the OCC
the Comptroller of the Currency, 400 7th collection unless it displays a currently
improves the quality, utility, and clarity
Street SW., Suite 3E–218, Mail Stop valid Office of Management and Budget
of information when it attentively
9W–11, Washington, DC 20219. (OMB) control number.
responds to all significant public The OCC is soliciting comment
SUPPLEMENTARY INFORMATION: The OCC comments before finalizing rules. The
requests that OMB extend its approval concerning renewal of its information
commenter also believes that when the collection titled, ‘‘Funding and
of the following collection: OCC leaves unclear whether it
Title: Disclosure of Financial and Liquidity Risk Management.’’ The OCC
considered comments, the public record also is giving notice that it has sent the
Other Information by National Banks. is incomplete and the OCC creates the
OMB Control No.: 1557–0182. collection to OMB for review.
perception that it makes final decisions
Type of Review: Extension, without DATES: Comments must be received by
on rules without considering the data,
revision, of a currently approved views, and arguments of others. The June 27, 2016.
collection. OCC carefully considers all comments ADDRESSES: Because paper mail in the
Description: The collections of received. Washington, DC area and at the OCC is
information are found in 12 CFR 18.3, Comments continue to be invited on: subject to delay, commenters are
18.4, and 18.8. Section 18.3 requires the (a) Whether the collection of encouraged to submit comments by
preparation of an annual disclosure information is necessary for the proper email, if possible. Comments may be
statement and specifies when a national performance of the functions of the sent to: Legislative and Regulatory
bank must make the statement available OCC, including whether the information Activities Division, Office of the
to shareholders. Section 18.4 outlines has practical utility; Comptroller of the Currency, Attention:
what information the disclosure (b) The accuracy of the OCC’s 1557–0244, 400 7th Street SW., Suite
statement must contain and provides estimate of the information collection 3E–218, Mail Stop 9W–11, Washington,
that a national bank may, at its option, burden; DC 20219. In addition, comments may
supplement its annual disclosure (c) Ways to enhance the quality, be sent by fax to (571) 465–4326 or by
statement with a narrative discussion. utility, and clarity of the information to electronic mail to prainfo@occ.treas.gov.
Lastly, § 18.8 requires that a national be collected; You may personally inspect and
sradovich on DSK3TPTVN1PROD with NOTICES
bank promptly mail or otherwise (d) Ways to minimize the burden of photocopy comments at the OCC, 400
furnish its annual disclosure statement the collection on respondents, including 7th Street SW., Washington, DC 20219.
upon request. through the use of automated collection For security reasons, the OCC requires
The information collected under part techniques or other forms of information that visitors make an appointment to
18 is also collected through the technology; and inspect comments. You may do so by
Consolidated Reports of Condition and (e) Estimates of capital or start-up calling (202) 649–6700 or, for persons
Income. Therefore, the OCC has costs and costs of operation, who are deaf or hard of hearing, TTY,
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![Federal Register / Vol. 81, No. 103 / Friday, May 27, 2016 / Notices 33737
Dated: May 23, 2016. Department of the Treasury’s continuing because of circumstances beyond the
Mary Hoyle Gottlieb, effort to increase the efficiency and taxpayer’s control. TTB is increasing the
Regulatory Specialist, Legislative and effectiveness of its anti-money estimated number of respondents and
Regulatory Activities Division. laundering and counter-terrorist the resulting total annual burden hours
[FR Doc. 2016–12581 Filed 5–26–16; 8:45 am] financing policies. associated with this information
BILLING CODE 4810–33–P Affected Public: Businesses or other collection due to an increase in the
for-profits; State, local, or tribal number of industry members requesting
governments. an extension of time for payment of tax.
DEPARTMENT OF THE TREASURY Estimated Total Annual Burden Affected Public: Businesses or other
Hours: 1,087,236. for-profits.
Submission for OMB Review;
Brenda Simms, Estimated Total Annual Burden
Comment Request
Treasury PRA Clearance Officer. Hours: 8.
May 24, 2016. [FR Doc. 2016–12625 Filed 5–26–16; 8:45 am] OMB Control Number: 1513–0098.
The Department of the Treasury will BILLING CODE 4810–02–P Type of Review: Revision of a
submit the following information currently approved collection.
collection request to the Office of
Management and Budget (OMB) for Title: Record of Operations—Importer
DEPARTMENT OF THE TREASURY of Tobacco Products or Processed
review and clearance in accordance
with the Paperwork Reduction Act of Tobacco.
Submission for OMB Review;
1995, Public Law 104–13, on or after the Comment Request Form: TTB F 5451.2.
date of publication of this notice. Abstract: Manufacturers of
May 24, 2016. nonbeverage alcohol products use TTB
DATES: Comments should be received on
or before June 27, 2016 to be assured of The Department of the Treasury will F 5451.2 to submit the data required to
consideration. submit the following information support claims for drawback of Federal
collection requests to the Office of alcohol excise taxes. TTB uses the data
ADDRESSES: Send comments regarding
Management and Budget (OMB) for collected on this form to verify claims
the burden estimates, or any other
review and clearance in accordance for drawback of taxes and, hence, to
aspect of the information collection,
with the Paperwork Reduction Act of protect the revenue. This form is used
including suggestions for reducing the
1995, Public Law 104–13, on or after the to verify that all distilled spirits can be
burden, to (1) Office of Information and
date of publication of this notice. accounted for and that drawback is paid
Regulatory Affairs, Office of
Management and Budget, Attention: DATES: Comments should be received on only in the amount prescribed by law.
Desk Officer for Treasury, New or before June 27, 2016 to be assured of TTB is decreasing the estimated number
Executive Office Building, Room 10235, consideration. of respondents and the resulting total
Washington, DC 20503, or email at ADDRESSES: Send comments regarding annual burden hours associated with
OIRA_Submission@OMB.EOP.gov and the burden estimates, or any other this information collection due to a
(2) Treasury PRA Clearance Officer, aspect of the information collections, decrease in the number of drawback
1750 Pennsylvania Ave. NW., Suite including suggestions for reducing the claims TTB receives.
8117, Washington, DC 20220, or email burden, to (1) Office of Information and Affected Public: Businesses or other
at PRA@treasury.gov. Regulatory Affairs, Office of for-profits.
FOR FURTHER INFORMATION CONTACT: Management and Budget, Attention: Estimated Total Annual Burden
Copies of the submission may be Desk Officer for Treasury, New Hours: 2,272.
obtained by emailing PRA@treasury.gov, Executive Office Building, Room 10235, OMB Control Number: 1513–0106.
calling (202) 622–1295, or viewing the Washington, DC 20503, or email at
Type of Review: Revision of a
entire information collection request at OIRA_Submission@OMB.EOP.gov and
currently approved collection.
www.reginfo.gov. (2) Treasury PRA Clearance Officer,
1750 Pennsylvania Ave. NW., Suite Title: Application, Permit and
Financial Crimes Enforcement Network 8117, Washington, DC 20220, or email Report—Wine and Beer (Puerto Rico),
(FinCEN) at PRA@treasury.gov. and Application, Permit and Report—
Distilled Spirits Products (Puerto Rico).
OMB Control Number: 1506–0049. FOR FURTHER INFORMATION CONTACT:
Type of Review: Extension of a Copies of the submissions may be Abstract: Under the authority of the
previously approved collection. obtained by emailing PRA@treasury.gov, Internal Revenue Code at 26 U.S.C.
Title: Expansion of Special calling (202) 622–1295, or viewing the 5741, the TTB regulations require
Information Sharing Procedures to Deter entire information collection request at importers of tobacco products or
Money Laundering and Terrorist www.reginfo.gov. processed tobacco to maintain records
Activity. of physical receipts and disposition of
Abstract: The relevant Bank Secrecy Alcohol and Tobacco Tax and Trade tobacco products or processed tobacco.
Act (‘‘BSA’’) information sharing rules Bureau (TTB) The respondents use these usual and
that allow certain foreign law OMB Control Number: 1513–0093. customary business records to prepare
enforcement agencies, and State and Type of Review: Revision of a TTB Form 5220.6, Monthly Report—
local law enforcement agencies, to currently approved collection. Tobacco Products or Processed Tobacco
submit requests for information to Title: Supporting Data for (approved under OMB control number
sradovich on DSK3TPTVN1PROD with NOTICES
financial institutions. The rule also Nonbeverage Drawback Claims. 1513–0107). TTB is decreasing the
clarifies that FinCEN itself, on its own Form: TTB F 5600.38. estimated number of respondents to
behalf and on behalf of other Abstract: TTB uses the information reflect a decrease in the number of
appropriate components of the collected on form TTB F 5600.38 to importers of tobacco products or
Department of the Treasury, may submit determine if a taxpayer meets the processed tobacco regulated by TTB.
such requests. Modification of the criteria to be granted an extension of the Affected Public: Businesses or other
information sharing rules is a part of the time period to make their tax payment for-profits.
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Document Created: 2018-02-07 15:09:45
Document Modified: 2018-02-07 15:09:45
| 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 received by June 27, 2016. | |
| Contact | Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Suite 3E-218, Mailstop 9W-11, Washington, DC 20219. | |
| FR Citation | 81 FR 33735 |
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