81_FR_43733 81 FR 43605 - Proposed Agency Information Collection Activities: Comment Request

81 FR 43605 - Proposed Agency Information Collection Activities: 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 128 (July 5, 2016)

Page Range43605-43607
FR Document2016-15846

In accordance with the requirements of the Paperwork Reduction Act (PRA) 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 agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), have approved the publication for public comment of a proposal to revise and extend the Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule (FFIEC 102), which is currently an approved collection of information for each agency. The agencies propose to modify this collection effective December 31, 2016, to (1) have institutions provide their Legal Entity Identifier (LEI) on the reporting form, only if they already have one, and (2) add U.S. 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 128 (Tuesday, July 5, 2016)
[Federal Register Volume 81, Number 128 (Tuesday, July 5, 2016)]
[Notices]
[Pages 43605-43607]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15846]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION


Proposed Agency Information Collection Activities: Comment 
Request

AGENCY: 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 (PRA) 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 agencies, under the auspices of the Federal 
Financial Institutions Examination Council (FFIEC), have approved the 
publication for public comment of a proposal to revise and extend the 
Market Risk Regulatory Report for Institutions Subject to the Market 
Risk Capital Rule (FFIEC 102), which is currently an approved 
collection of information for each agency. The agencies propose to 
modify this collection effective December 31, 2016, to (1) have 
institutions provide their Legal Entity Identifier (LEI) on the 
reporting form, only if they already have one, and (2) add U.S. 
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 September 6, 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, 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, to [email protected]. Alternatively, comments 
may be sent to: Legislative and Regulatory Activities Division, Office 
of the Comptroller of the Currency, Attention: 1557-0325 (FFIEC 102), 
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.
    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, (202) 649-5597. Upon arrival, visitors will be required 
to present valid government-issued photo identification and to 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 102'' 
by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at: http://www.federalreserve.gov/apps/foia/ProposedRegs.aspx.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include reporting 
form number 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/apps/foia/ProposedRegs.aspx 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 3515, 
1801 K Street (between 18th and 19th Streets) NW., Washington, DC 
20006, between 9:00 a.m. and 5:00 p.m. on weekdays.
    FDIC: You may submit comments, which should refer to ``FFIEC 102,'' 
by any of the following methods:
     Agency Web site: http://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 102'' in the 
subject line of the message.
     Mail: 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 http://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 102 discussed in this notice, please 
contact any of the agency clearance officers whose names appear below. 
In addition, copies of the FFIEC 102 reporting form and instructions 
are available on the FFIEC's Web site (http://www.ffiec.gov/ffiec_report_forms.htm).
    OCC: Shaquita Merritt, OCC Clearance Officer, (202) 649-5490, or 
for persons

[[Page 43606]]

who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and 
Regulatory Activities Division, Office of the Comptroller of the 
Currency, 400 7th Street SW., Washington, DC 20219.
    Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, 
(202) 452-3884, Office of the Chief Data Officer, 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: Manuel E. Cabeza, Counsel, (202) 898-3767, Legal Division, 
Federal 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 102, which is currently an approved 
collection of information for each agency.
    Report Title: Market Risk Regulatory Report for Institutions 
Subject to the Market Risk Capital Rule.
    Form Number: FFIEC 102.
    Frequency of Response: Quarterly.
    Affected Public: Business or other for-profit.
OCC:
    OMB Control No.: 1557-0325.
    Estimated Number of Respondents: 12 national banks and federal 
savings associations.
    Estimated Burden per Response: 12 burden hours per quarter to file.
    Estimated Total Annual Burden: 576 burden hours to file.
Board:
    OMB Control No.: 7100-0365.
    Estimated Number of Respondents: 31 state member banks, bank 
holding companies, savings and loan holding companies, and intermediate 
holding companies.
    Estimated Burden per Response: 12 burden hours per quarter to file.
    Estimated Total Annual Burden: 1,488 burden hours to file.
FDIC:
    OMB Control No.: 3064-0199.
    Estimated Number of Respondents: 1 insured state nonmember bank and 
state savings association.
    Estimated Burden per Response: 12 burden hours per quarter to file.
    Estimated Total Annual Burden: 48 burden hours to file.

General Description of Report

    This quarterly information collection is mandatory for market risk 
institutions, defined for this purpose as those institutions that are 
subject to the market risk capital rule as incorporated into Subpart F 
of the agencies' regulatory capital rules (market risk 
institutions).\1\ All data reported in the FFIEC 102 are available to 
the public. Each market risk institution is required to file the FFIEC 
102 for the agencies' use in assessing the reasonableness and accuracy 
of the institution's calculation of its minimum capital requirements 
under the market risk capital rule and in evaluating the institution's 
capital in relation to its risks. Additionally, the market risk 
information collected in the FFIEC 102: (a) Permits the agencies to 
monitor the market risk profile of and evaluate the impact and 
competitive implications of the market risk capital rule on individual 
market risk institutions and the industry as a whole; (b) provides the 
most current statistical data available to identify areas of market 
risk on which to focus for onsite and offsite examinations; (c) allows 
the agencies to assess and monitor the levels and components of each 
reporting institution's risk-based capital requirements for market risk 
and the adequacy of the institution's capital under the market risk 
capital rule; and (d) assists market risk institutions in validating 
their implementation of the market risk framework.
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    \1\ 12 CFR 3.201 (OCC); 12 CFR 217.201 (Board); and 12 CFR 
324.201 (FDIC). The market risk capital rule generally applies to 
any banking institution with aggregate trading assets and trading 
liabilities equal to (a) 10 percent or more of quarter-end total 
assets or (b) $1 billion or more. The statutory provisions that 
grant the agencies the authority to impose capital requirements are 
12 U.S.C. 161 (national banks), 12 U.S.C. 324 (state member banks), 
12 U.S.C. 1844(c) (bank holding companies), 12 U.S.C. 1467a(b) 
(savings and loan holding companies), 12 U.S.C. 5365 (U.S. 
intermediate holding companies), 12 U.S.C. 1817 (insured state 
nonmember commercial and savings banks), and 12 U.S.C. 1464 (savings 
associations).
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Discussion of Proposed Revisions

1. Reporting the Legal Entity Identifier

    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), which includes 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.\2\
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    \2\ Financial Stability Oversight Council 2015 Annual Report, 
page 14, 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 \3\ 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.\4\ With respect to the FFIEC 
102, the agencies are proposing to have reporting institutions provide 
their LEI on the cover page of each report beginning December 31, 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 102.
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    \3\ 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).
    \4\ 80 FR 38202 (July 2, 2015).
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2. Changes to the Board's Respondent Panel

    On December 14, 2012, the Board invited comment on a notice of 
proposed rulemaking (proposed Regulation YY) \5\ that would have 
required a Foreign Banking Organization (FBO) with $50 billion in

[[Page 43607]]

non-branch assets to establish a U.S. IHC, imposed enhanced prudential 
standards on the U.S. IHC, and required the U.S. 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),\6\ 
with certain revisions in response to comments. The Board indicated in 
the preamble to Regulation YY that it would address the reporting 
requirements for U.S. IHCs at a later date. Accordingly, based on the 
background provided above, the agencies propose to add U.S. IHCs that 
are subject to the market risk capital rule to the FFIEC 102 panel of 
Board respondents.\7\ For such U.S. IHCs, the agencies are proposing to 
implement these changes beginning with the December 31, 2016, report 
date.
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    \5\ 77 FR 76628 (December 28, 2012).
    \6\ 79 FR 17240 (March 27, 2014).
    \7\ In general, U.S. IHCs are subject to the market risk capital 
rule based on the same criteria used for other banking 
organizations. See 12 CFR 217.201(b)(1); 12 CFR 252.153(e)(2).
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Request for Comment

    Public comment is requested on all aspects of this joint notice. 
Comments are invited on:
    (a) Whether the collections of information that are the subject of 
this notice 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 as they are proposed to be revised, 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 the information.
    Comments submitted in response to this joint notice will be shared 
among the agencies and will be summarized or included in the agencies' 
requests for OMB approval. All comments will become a matter of public 
record.

    Dated: June 20, 2016.
Stuart Feldstein,
Director, Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency.

    Board of Governors of the Federal Reserve System, June 24, 2016.
Robert deV. Frierson,
Secretary of the Board.

    Dated at Washington, DC, this 20 day of June 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-15846 Filed 7-1-16; 8:45 am]
 BILLING CODE 6210-01-P; 4810-33-P; 6714-01-P



                                                                                 Federal Register / Vol. 81, No. 128 / Tuesday, July 5, 2016 / Notices                                          43605

                                                same link. For optimal viewing, a high                   revisions prior to giving final approval.             Constitution Avenue NW., Washington,
                                                speed internet connection is                             The agencies will then submit the                     DC 20551.
                                                recommended. The Community Banking                       revisions to OMB for review and                          All public comments are available
                                                meeting videos are made available on-                    approval.                                             from the Board’s Web site at http://
                                                demand approximately two weeks after                                                                           www.federalreserve.gov/apps/foia/
                                                                                                         DATES:  Comments must be submitted on
                                                the event.                                                                                                     ProposedRegs.aspx as submitted, unless
                                                                                                         or before September 6, 2016.
                                                Federal Deposit Insurance Corporation.                                                                         modified for technical reasons.
                                                                                                         ADDRESSES: Interested parties are                     Accordingly, your comments will not be
                                                  Dated: June 29, 2016.                                  invited to submit written comments to                 edited to remove any identifying or
                                                Robert E. Feldman,                                       any or all of the agencies. All comments,             contact information. Public comments
                                                Executive Secretary.                                     which should refer to the OMB control                 may also be viewed electronically or in
                                                [FR Doc. 2016–15789 Filed 7–1–16; 8:45 am]               number, will be shared among the                      paper in Room 3515, 1801 K Street
                                                BILLING CODE 6714–01–P                                   agencies.                                             (between 18th and 19th Streets) NW.,
                                                                                                            OCC: Because paper mail in the                     Washington, DC 20006, between 9:00
                                                                                                         Washington, DC, area and at the OCC is                a.m. and 5:00 p.m. on weekdays.
                                                DEPARTMENT OF THE TREASURY                               subject to delay, commenters are                         FDIC: You may submit comments,
                                                                                                         encouraged to submit comments by                      which should refer to ‘‘FFIEC 102,’’ by
                                                Office of the Comptroller of the                         email, if possible, to prainfo@                       any of the following methods:
                                                Currency                                                 occ.treas.gov. Alternatively, comments                   • Agency Web site: http://
                                                                                                         may be sent to: Legislative and                       www.fdic.gov/regulations/laws/federal/.
                                                FEDERAL RESERVE SYSTEM                                   Regulatory Activities Division, Office of             Follow the instructions for submitting
                                                                                                         the Comptroller of the Currency,                      comments on the FDIC Web site.
                                                FEDERAL DEPOSIT INSURANCE                                Attention: 1557–0325 (FFIEC 102), 400                    • Federal eRulemaking Portal: http://
                                                CORPORATION                                              7th Street SW., Suite 3E–218, Mail Stop               www.regulations.gov. Follow the
                                                                                                         9W–11, Washington, DC 20219. In                       instructions for submitting comments.
                                                Proposed Agency Information                              addition, comments may be sent by fax                    • Email: comments@FDIC.gov.
                                                Collection Activities: Comment                           to (571) 465–4326.                                    Include ‘‘FFIEC 102’’ in the subject line
                                                Request                                                     You may personally inspect and                     of the message.
                                                AGENCY:  Office of the Comptroller of the                photocopy comments at the OCC, 400                       • Mail: Manuel E. Cabeza, Counsel,
                                                Currency (OCC), Treasury; Board of                       7th Street SW., Washington, DC 20219.                 Room MB–3105, Attn: Comments,
                                                Governors of the Federal Reserve                         For security reasons, the OCC requires                Federal Deposit Insurance Corporation,
                                                System (Board); and Federal Deposit                      that visitors make an appointment to                  550 17th Street NW., Washington, DC
                                                Insurance Corporation (FDIC).                            inspect comments. You may do so by                    20429.
                                                                                                         calling (202) 649–6700 or for persons                    • Hand Delivery: Comments may be
                                                ACTION: Joint notice and request for
                                                                                                         who are deaf or hard of hearing, TTY,                 hand delivered to the guard station at
                                                comment.
                                                                                                         (202) 649–5597. Upon arrival, visitors                the rear of the 550 17th Street Building
                                                SUMMARY:   In accordance with the                        will be required to present valid                     (located on F Street) on business days
                                                requirements of the Paperwork                            government-issued photo identification                between 7:00 a.m. and 5:00 p.m.
                                                Reduction Act (PRA) of 1995 (44 U.S.C.                   and to submit to security screening in                   Public Inspection: All comments
                                                chapter 35), the OCC, the Board, and the                 order to inspect and photocopy                        received will be posted without change
                                                FDIC (the agencies) may not conduct or                   comments.                                             to http://www.fdic.gov/regulations/laws/
                                                sponsor, and the respondent is not                          All comments received, including                   federal/ including any personal
                                                required to respond to, an information                   attachments and other supporting                      information provided. Paper copies of
                                                collection unless it displays a currently                materials, are part of the public record              public comments may be requested from
                                                valid Office of Management and Budget                    and subject to public disclosure. Do not              the FDIC Public Information Center by
                                                (OMB) control number. The agencies,                      include any information in your                       telephone at (877) 275–3342 or (703)
                                                under the auspices of the Federal                        comments or supporting materials that                 562–2200.
                                                Financial Institutions Examination                       you consider confidential or                             Additionally, commenters may send a
                                                Council (FFIEC), have approved the                       inappropriate for public disclosure.                  copy of their comments to the OMB
                                                publication for public comment of a                         Board: You may submit comments,                    desk officer for the agencies by mail to
                                                proposal to revise and extend the                        which should refer to ‘‘FFIEC 102’’ by                the Office of Information and Regulatory
                                                Market Risk Regulatory Report for                        any of the following methods:                         Affairs, U.S. Office of Management and
                                                Institutions Subject to the Market Risk                     • Agency Web site: http://                         Budget, New Executive Office Building,
                                                Capital Rule (FFIEC 102), which is                       www.federalreserve.gov. Follow the                    Room 10235, 725 17th Street NW.,
                                                currently an approved collection of                      instructions for submitting comments at:              Washington, DC 20503; by fax to (202)
                                                information for each agency. The                         http://www.federalreserve.gov/apps/                   395–6974; or by email to oira_
                                                agencies propose to modify this                          foia/ProposedRegs.aspx.                               submission@omb.eop.gov.
                                                collection effective December 31, 2016,                     • Federal eRulemaking Portal: http://              FOR FURTHER INFORMATION CONTACT: For
                                                to (1) have institutions provide their                   www.regulations.gov. Follow the                       further information about the proposed
                                                Legal Entity Identifier (LEI) on the                     instructions for submitting comments.                 revisions to the FFIEC 102 discussed in
                                                reporting form, only if they already have                   • Email: regs.comments@                            this notice, please contact any of the
                                                one, and (2) add U.S. Intermediate                       federalreserve.gov. Include reporting                 agency clearance officers whose names
sradovich on DSK3GDR082PROD with NOTICES




                                                Holding Companies (IHCs) to the                          form number in the subject line of the                appear below. In addition, copies of the
                                                Board’s respondent panel.                                message.                                              FFIEC 102 reporting form and
                                                  At the end of the comment period, the                     • Fax: (202) 452–3819 or (202) 452–                instructions are available on the FFIEC’s
                                                comments and recommendations                             3102.                                                 Web site (http://www.ffiec.gov/ffiec_
                                                received will be analyzed to determine                      • Mail: Robert DeV. Frierson,                      report_forms.htm).
                                                the extent to which the FFIEC and the                    Secretary, Board of Governors of the                     OCC: Shaquita Merritt, OCC Clearance
                                                agencies should modify the proposed                      Federal Reserve System, 20th Street and               Officer, (202) 649–5490, or for persons


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                                                43606                            Federal Register / Vol. 81, No. 128 / Tuesday, July 5, 2016 / Notices

                                                who are deaf or hard of hearing, TTY,                    into Subpart F of the agencies’                         established to oversee the GLEIS on an
                                                (202) 649–5597, Legislative and                          regulatory capital rules (market risk                   interim basis. With the establishment of
                                                Regulatory Activities Division, Office of                institutions).1 All data reported in the                the full Global LEI Foundation in 2014,
                                                the Comptroller of the Currency, 400 7th                 FFIEC 102 are available to the public.                  the ROC continues to review and
                                                Street SW., Washington, DC 20219.                        Each market risk institution is required                develop broad policy standards for LEIs.
                                                  Board: Nuha Elmaghrabi, Federal                        to file the FFIEC 102 for the agencies’                 The OCC, the Board, and the FDIC are
                                                Reserve Board Clearance Officer, (202)                   use in assessing the reasonableness and                 all members of the ROC.
                                                452–3884, Office of the Chief Data                       accuracy of the institution’s calculation                  The LEI system is designed to
                                                Officer, Board of Governors of the                       of its minimum capital requirements                     facilitate several financial stability
                                                Federal Reserve System, 20th and C                       under the market risk capital rule and                  objectives, including the provision of
                                                Streets NW., Washington, DC 20551.                       in evaluating the institution’s capital in              higher quality and more accurate
                                                Telecommunications Device for the Deaf                   relation to its risks. Additionally, the                financial data. In the United States, the
                                                (TDD) users may call (202) 263–4869.                     market risk information collected in the                Financial Stability Oversight Council
                                                  FDIC: Manuel E. Cabeza, Counsel,                       FFIEC 102: (a) Permits the agencies to                  (FSOC) has recommended that
                                                (202) 898–3767, Legal Division, Federal                  monitor the market risk profile of and                  regulators and market participants
                                                Deposit Insurance Corporation, 550 17th                  evaluate the impact and competitive                     continue to work together to improve
                                                Street NW., Washington, DC 20429.                        implications of the market risk capital                 the quality and comprehensiveness of
                                                SUPPLEMENTARY INFORMATION: The                           rule on individual market risk                          financial data both nationally and
                                                agencies are proposing to revise and                     institutions and the industry as a whole;               globally. In this regard, the FSOC also
                                                extend for three years the FFIEC 102,                    (b) provides the most current statistical               has recommended that its member
                                                which is currently an approved                           data available to identify areas of market              agencies promote the use of the LEI in
                                                collection of information for each                       risk on which to focus for onsite and                   reporting requirements and
                                                agency.                                                  offsite examinations; (c) allows the                    rulemakings, where appropriate.2
                                                  Report Title: Market Risk Regulatory                   agencies to assess and monitor the                         Effective beginning October 31, 2014,
                                                Report for Institutions Subject to the                   levels and components of each reporting                 the Board started requiring holding
                                                Market Risk Capital Rule.                                institution’s risk-based capital                        companies to provide their LEI on the
                                                  Form Number: FFIEC 102.                                requirements for market risk and the                    cover pages of the FR Y–6, FR Y–7, and
                                                  Frequency of Response: Quarterly.                      adequacy of the institution’s capital                   FR Y–10 reports 3 only if a holding
                                                  Affected Public: Business or other for-                under the market risk capital rule; and                 company already has an LEI. Thus, if a
                                                profit.                                                  (d) assists market risk institutions in                 reporting holding company does not
                                                                                                         validating their implementation of the                  have an LEI, it is not required to obtain
                                                OCC:                                                     market risk framework.                                  one for purposes of these Board reports.
                                                  OMB Control No.: 1557–0325.                            Discussion of Proposed Revisions                        Additionally, effective for December
                                                  Estimated Number of Respondents: 12                                                                            2015, the Board expanded the collection
                                                national banks and federal savings                       1. Reporting the Legal Entity Identifier                of the LEI to all holding company
                                                associations.                                               The Legal Entity Identifier (LEI) is a               subsidiary banking and nonbanking
                                                  Estimated Burden per Response: 12                      20-digit alpha-numeric code that                        legal entities reportable on certain
                                                burden hours per quarter to file.                        uniquely identifies entities that engage                schedules of the FR Y–10 and in one
                                                  Estimated Total Annual Burden: 576                     in financial transactions. The recent                   section of the FR Y–6 and FR Y–7 if an
                                                burden hours to file.                                    financial crisis spurred the development                LEI has already been issued for the
                                                Board:                                                   of a Global LEI System (GLEIS).                         reportable entity.4 With respect to the
                                                                                                         Internationally, regulators and market                  FFIEC 102, the agencies are proposing to
                                                  OMB Control No.: 7100–0365.                            participants have recognized the                        have reporting institutions provide their
                                                  Estimated Number of Respondents: 31                    importance of the LEI as a key                          LEI on the cover page of each report
                                                state member banks, bank holding                         improvement in financial data systems.                  beginning December 31, 2016, only if an
                                                companies, savings and loan holding                      The Group of Twenty (G–20) nations                      institution already has an LEI. As with
                                                companies, and intermediate holding                      directed the Financial Stability Board to               the Board reports, an institution that
                                                companies.                                               lead the coordination of international                  does not have an LEI would not be
                                                  Estimated Burden per Response: 12                                                                              required to obtain one for purposes of
                                                                                                         regulatory work and deliver concrete
                                                burden hours per quarter to file.                                                                                reporting it on the FFIEC 102.
                                                                                                         recommendations on the GLEIS by mid-
                                                  Estimated Total Annual Burden:
                                                                                                         2012, which in turn were endorsed by                    2. Changes to the Board’s Respondent
                                                1,488 burden hours to file.
                                                                                                         the G–20 later that same year. In January               Panel
                                                FDIC:                                                    2013, the LEI Regulatory Oversight
                                                                                                         Committee (ROC), which includes                            On December 14, 2012, the Board
                                                  OMB Control No.: 3064–0199.                                                                                    invited comment on a notice of
                                                  Estimated Number of Respondents: 1                     regulators from around the world, was
                                                                                                                                                                 proposed rulemaking (proposed
                                                insured state nonmember bank and state                     1 12 CFR 3.201 (OCC); 12 CFR 217.201 (Board);         Regulation YY) 5 that would have
                                                savings association.                                     and 12 CFR 324.201 (FDIC). The market risk capital      required a Foreign Banking
                                                  Estimated Burden per Response: 12                      rule generally applies to any banking institution       Organization (FBO) with $50 billion in
                                                burden hours per quarter to file.                        with aggregate trading assets and trading liabilities
                                                  Estimated Total Annual Burden: 48                      equal to (a) 10 percent or more of quarter-end total      2 Financial Stability Oversight Council 2015
                                                                                                         assets or (b) $1 billion or more. The statutory
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                                                burden hours to file.                                                                                            Annual Report, page 14, http://www.treasury.gov/
                                                                                                         provisions that grant the agencies the authority to
                                                                                                         impose capital requirements are 12 U.S.C. 161           initiatives/fsoc/studies-reports/Documents/
                                                General Description of Report                                                                                    2015%20FSOC%20Annual%20Report.pdf.
                                                                                                         (national banks), 12 U.S.C. 324 (state member
                                                                                                                                                                   3 FR Y–6, Annual Report of Holding Companies;
                                                   This quarterly information collection                 banks), 12 U.S.C. 1844(c) (bank holding companies),
                                                                                                         12 U.S.C. 1467a(b) (savings and loan holding            FR Y–7, Annual Report of Foreign Banking
                                                is mandatory for market risk                                                                                     Organizations; and FR Y–10, Report of Changes in
                                                                                                         companies), 12 U.S.C. 5365 (U.S. intermediate
                                                institutions, defined for this purpose as                holding companies), 12 U.S.C. 1817 (insured state       Organizational Structure (OMB No. 7100–0297).
                                                those institutions that are subject to the               nonmember commercial and savings banks), and 12           4 80 FR 38202 (July 2, 2015).

                                                market risk capital rule as incorporated                 U.S.C. 1464 (savings associations).                       5 77 FR 76628 (December 28, 2012).




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                                                                                 Federal Register / Vol. 81, No. 128 / Tuesday, July 5, 2016 / Notices                                            43607

                                                non-branch assets to establish a U.S.                      Dated: June 20, 2016.                               Division (MVCB), IC 9000–0096, 1800 F
                                                IHC, imposed enhanced prudential                         Stuart Feldstein,                                     Street NW., Washington, DC 20405.
                                                standards on the U.S. IHC, and required                  Director, Legislative and Regulatory Activities          Instructions: Please submit comments
                                                the U.S. IHC to submit any reporting                     Division, Office of the Comptroller of the            only and cite Information Collection
                                                forms in the same manner and to the                      Currency.                                             9000–0096, Patents, in all
                                                same extent as a bank holding company.                     Board of Governors of the Federal Reserve           correspondence related to this
                                                On February 18, 2014, the Board                          System, June 24, 2016.                                collection. Comments received generally
                                                adopted a final rule implementing                        Robert deV. Frierson,                                 will be posted without change to http://
                                                enhanced prudential standards for FBOs                   Secretary of the Board.                               www.regulations.gov, including any
                                                (Regulation YY),6 with certain revisions                                                                       personal and/or business confidential
                                                                                                           Dated at Washington, DC, this 20 day of             information provided. To confirm
                                                in response to comments. The Board                       June 2016.
                                                                                                                                                               receipt of your comment(s), please
                                                indicated in the preamble to Regulation                  Federal Deposit Insurance Corporation.                check www.regulations.gov,
                                                YY that it would address the reporting                   Robert E. Feldman,                                    approximately two to three days after
                                                requirements for U.S. IHCs at a later                    Executive Secretary.                                  submission to verify posting (except
                                                date. Accordingly, based on the                          [FR Doc. 2016–15846 Filed 7–1–16; 8:45 am]            allow 30 days for posting of comments
                                                background provided above, the                           BILLING CODE 6210–01–P; 4810–33–P; 6714–01–P          submitted by mail).
                                                agencies propose to add U.S. IHCs that
                                                                                                                                                               FOR FURTHER INFORMATION CONTACT: Mr.
                                                are subject to the market risk capital
                                                                                                                                                               Charles Gray, Procurement Analyst,
                                                rule to the FFIEC 102 panel of Board                     DEPARTMENT OF DEFENSE                                 Federal Acquisition Policy Division, at
                                                respondents.7 For such U.S. IHCs, the                                                                          703–795–6328 or email charles.gray@
                                                agencies are proposing to implement                      GENERAL SERVICES                                      gsa.gov.
                                                these changes beginning with the                         ADMINISTRATION
                                                December 31, 2016, report date.                                                                                SUPPLEMENTARY INFORMATION:
                                                                                                         NATIONAL AERONAUTICS AND                              A. Purpose
                                                Request for Comment                                      SPACE ADMINISTRATION
                                                                                                                                                                  The patent coverage in Federal
                                                  Public comment is requested on all                     [OMB Control No. 9000–0096; Docket No.                Acquisition Regulation (FAR) subpart
                                                aspects of this joint notice. Comments                   2016–0053; Sequence No. 31]                           27.2 requires the contractor to report
                                                are invited on:                                                                                                each notice of a claim of patent or
                                                                                                         Information Collection; Patents                       copyright infringement that came to the
                                                  (a) Whether the collections of
                                                information that are the subject of this                 AGENCY: Department of Defense (DOD),                  contractor’s attention in connection
                                                notice are necessary for the proper                      General Services Administration (GSA),                with performing a Government contract
                                                performance of the agencies’ functions,                  and National Aeronautics and Space                    (FAR 27.202–1 and 52.227–2).
                                                including whether the information has                    Administration (NASA).                                   The contractor is also required to
                                                practical utility;                                       ACTION: Notice of request for comments
                                                                                                                                                               report all royalties anticipated or paid in
                                                                                                         regarding an extension to an existing                 excess of $250 for the use of patented
                                                  (b) The accuracy of the agencies’                                                                            inventions by furnishing the name and
                                                estimates of the burden of the                           OMB clearance.
                                                                                                                                                               address of licensor, date of license
                                                information collections as they are                      SUMMARY:   Under the provisions of the                agreement, patent number, brief
                                                proposed to be revised, including the                    Paperwork Reduction Act, the                          description of item or component,
                                                validity of the methodology and                          Regulatory Secretariat Division will be               percentage or dollar rate of royalty per
                                                assumptions used;                                        submitting to the Office of Management                unit, unit price of contract item, and
                                                  (c) Ways to enhance the quality,                       and Budget (OMB) a request to review                  number of units (FAR 27.202–5, 52.227–
                                                utility, and clarity of the information to               and approve an extension of a                         6, and 52.227–9).
                                                be collected;                                            previously approved information                       B. Annual Reporting Burden
                                                  (d) Ways to minimize the burden of                     collection requirement concerning
                                                                                                         patents.                                                Number of Respondents: 107.
                                                information collections on respondents,                                                                          Responses per Respondent: 1.
                                                including through the use of automated                   DATES:  Submit comments on or before                    Total Annual Responses: 107.
                                                collection techniques or other forms of                  September 6, 2016.                                      Hours per Response: 1.17.
                                                information technology; and                              ADDRESSES: Submit comments                              Estimated Total Burden Hours: 126.
                                                  (e) Estimates of capital or start-up                   identified by Information Collection                    Frequency: On Occasion.
                                                costs and costs of operation,                            9000–0096, Patents, by any of the                       Affected Public: Businesses or other-
                                                maintenance, and purchase of services                    following methods:                                    for-profit entities and not-for-profit
                                                to provide the information.                                 • Regulations.gov: http://                         institutions.
                                                                                                         www.regulations.gov. Submit comments
                                                  Comments submitted in response to                      via the Federal eRulemaking portal by                 C. Public Comments
                                                this joint notice will be shared among                   searching for ‘‘9000–0096; Patents’’.                   Public comments are particularly
                                                the agencies and will be summarized or                   Select the link ‘‘Submit a Comment’’                  invited on: Whether this collection of
                                                included in the agencies’ requests for                   that corresponds with ‘‘Information                   information is necessary for the proper
                                                OMB approval. All comments will                          Collection 9000–0096, Patents’’. Follow               performance of functions of the FAR,
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                                                become a matter of public record.                        the instructions provided at the ‘‘Submit             and whether it will have practical
                                                                                                         a Comment’’ screen. Please include your               utility; whether our estimate of the
                                                  6 79 FR 17240 (March 27, 2014).
                                                                                                         name, company name (if any), and                      public burden of this collection of
                                                  7 In general, U.S. IHCs are subject to the market
                                                                                                         ‘‘Information Collection 9000–0096,                   information is accurate, and based on
                                                risk capital rule based on the same criteria used for    Patents’’ on your attached document.                  valid assumptions and methodology;
                                                other banking organizations. See 12 CFR                     • Mail: General Services                           ways to enhance the quality, utility, and
                                                217.201(b)(1); 12 CFR 252.153(e)(2).                     Administration, Regulatory Secretariat                clarity of the information to be


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Document Created: 2016-07-01 23:49:45
Document Modified: 2016-07-01 23:49:45
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 September 6, 2016.
ContactFor further information about the proposed revisions to the FFIEC 102 discussed in this notice, please contact any of the agency clearance officers whose names appear below. In addition, copies of the FFIEC 102 reporting form and instructions are available on the FFIEC's Web site (http://www.ffiec.gov/ ffiec_report_forms.htm).
FR Citation81 FR 43605 

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