82 FR 49077 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Reporting and Recordkeeping Requirements Associated With Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 82, Issue 203 (October 23, 2017)
Office of the Comptroller of the Currency
Federal Register Volume 82, Issue 203 (October 23, 2017)
| Page Range | 49077-49078 | |
| FR Document | 2017-22927 |
[Federal Register Volume 82, Number 203 (Monday, October 23, 2017)] [Notices] [Pages 49077-49078] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-22927] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Reporting and Recordkeeping Requirements Associated With Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring 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 the renewal of its information collection titled ``Reporting and Recordkeeping Requirements Associated with Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring.'' The OCC also is giving notice that it has sent the collection to OMB for review. DATES: You should submit written comments by November 22, 2017. 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: 1557-0323, 400 7th Street SW., Suite 3E-218, 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 hearing impaired, TTY, (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, 1557-0323, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503 or by email to oira [email protected]. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, for persons [[Page 49078]] who are deaf or hearing impaired, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), federal agencies must obtain approval from OMB for each collection of information that they conduct or sponsor. ``Collection of information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. The OCC is requesting that OMB extend its approval of the following information collection. Title: Reporting and Recordkeeping Requirements Associated with Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring. OMB Control No.: 1557-0323. Affected Public: Business or other for-profit. Type of Review: Regular review. Abstract: The quantitative liquidity requirement (12 CFR part 50) is designed to promote improvements in the measurement and management of liquidity risk. The rule applies to large and internationally active banking organizations--generally, bank holding companies, certain savings and loan holding companies, and depository institutions with $250 billion or more in total assets or $10 billion or more in on-balance sheet foreign exposure--and to their consolidated subsidiaries that are depository institutions with $10 billion or more in total consolidated assets. Section 50.22 requires that, with respect to each asset eligible for inclusion in a national bank or federal savings association's (FSA's) high-quality liquid assets (HQLA) amount, the national bank or FSA must implement policies that require eligible HQLA to be under the control of the management function in the national bank or FSA responsible for managing liquidity risk. The management function must evidence its control over the HQLA by segregating the HQLA from other assets, with the sole intent to use the HQLA as a source of liquidity, or demonstrating the ability to monetize the assets and making the proceeds available to the liquidity management function without conflicting with a business or risk management strategy of the national bank or FSA. In addition, Sec. 50.22 requires that a national bank or FSA have a documented methodology that results in a consistent treatment for determining that the national bank or FSA's eligible HQLA meet the requirements of Sec. 50.22. Section 50.40 requires that a national bank or FSA notify its appropriate federal banking agency on any day when its liquidity coverage ratio is calculated to be less than the minimum requirement in Sec. 50.10. If a national bank or FSA's liquidity coverage ratio is below the minimum requirement in Sec. 50.10 for three consecutive days, or if the OCC has determined that the institution is otherwise materially noncompliant, the national bank or FSA must promptly provide a plan for achieving compliance with the minimum liquidity requirement in Sec. 50.10 and all other requirements of Sec. 50.40 to the OCC. The liquidity plan must include, as applicable: (1) An assessment of the national bank or FSA 's liquidity position; (2) the actions the national bank or FSA has taken and will take to achieve full compliance, including a plan for adjusting the national bank or FSA's risk profile, risk management, and funding sources in order to achieve full compliance and a plan for remediating any operational or management issues that contributed to noncompliance; (3) an estimated time frame for achieving full compliance; and (4) a commitment to provide a progress report to the OCC at least weekly until full compliance is achieved. Frequency of Response: Annual and event generated. Affected Public: Covered national banks and FSAs. Estimated Number of Respondents: 19. Estimated Total Annual Burden: 2,361 hours. The OCC issued a notice for 60 days of comment regarding this collection on July 19, 2017, 82 FR 33202. No comments were received. Comments continue to be invited on: (a) Whether the collection of information is 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 the collection 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. Dated: October 17, 2017. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2017-22927 Filed 10-20-17; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 82, No. 203 / Monday, October 23, 2017 / Notices 49077
DEPARTMENT OF TRANSPORTATION MARAD’s regulations at 46 CFR part and respondent burden, invites the
388, that the issuance of the waiver will general public and other federal
Maritime Administration have an unduly adverse effect on a U.S.- agencies to take this opportunity to
[Docket No. MARAD–2017–0174] vessel builder or a business that uses comment on a continuing information
U.S.-flag vessels in that business, a collection as required by the Paperwork
Requested Administrative Waiver of waiver will not be granted. Comments Reduction Act of 1995 (PRA).
the Coastwise Trade Laws: Vessel should refer to the docket number of In accordance with the requirements
FEATHER; Invitation for Public this notice and the vessel name in order of the PRA, the OCC may not conduct
Comments for MARAD to properly consider the or sponsor, and the respondent is not
comments. Comments should also state required to respond to, an information
AGENCY: Maritime Administration, DOT. the commenter’s interest in the waiver collection unless it displays a currently
ACTION: Notice. application, and address the waiver valid Office of Management and Budget
criteria given in § 388.4 of MARAD’s (OMB) control number.
SUMMARY: The Secretary of The OCC is soliciting comment
regulations at 46 CFR part 388.
Transportation, as represented by the concerning the renewal of its
Maritime Administration (MARAD), is Privacy Act information collection titled ‘‘Reporting
authorized to grant waivers of the U.S.- In accordance with 5 U.S.C. 553(c), and Recordkeeping Requirements
build requirement of the coastwise laws DOT/MARAD solicits comments from Associated with Liquidity Coverage
under certain circumstances. A request the public to better inform its Ratio: Liquidity Risk Measurement,
for such a waiver has been received by rulemaking process. DOT/MARAD posts Standards, and Monitoring.’’ The OCC
MARAD. The vessel, and a brief these comments, without edit, to also is giving notice that it has sent the
description of the proposed service, is www.regulations.gov, as described in collection to OMB for review.
listed below. the system of records notice, DOT/ALL– DATES: You should submit written
DATES: Submit comments on or before 14 FDMS, accessible through comments by November 22, 2017.
November 22, 2017. www.dot.gov/privacy. In order to ADDRESSES: Because paper mail in the
ADDRESSES: Comments should refer to facilitate comment tracking and Washington, DC area and at the OCC is
docket number MARAD–2017–0174. response, we encourage commenters to subject to delay, commenters are
Written comments may be submitted by provide their name, or the name of their encouraged to submit comments by
hand or by mail to the Docket Clerk, organization; however, submission of email, if possible. Comments may be
U.S. Department of Transportation, names is completely optional. Whether sent to: Legislative and Regulatory
Docket Operations, M–30, West or not commenters identify themselves, Activities Division, Office of the
Building Ground Floor, Room W12–140, all timely comments will be fully Comptroller of the Currency, Attention:
1200 New Jersey Avenue SE., considered. If you wish to provide 1557–0323, 400 7th Street SW., Suite
Washington, DC 20590. You may also comments containing proprietary or 3E–218, Washington, DC 20219. In
send comments electronically via the confidential information, please contact addition, comments may be sent by fax
Internet at http://www.regulations.gov. the agency for alternate submission to (571) 465–4326 or by electronic mail
All comments will become part of this instructions. to prainfo@occ.treas.gov. You may
docket and will be available for personally inspect and photocopy
(Authority: 49 CFR 1.93(a), 46 U.S.C. 55103,
inspection and copying at the above 46 U.S.C. 12121) comments at the OCC, 400 7th Street,
address between 10:00 a.m. and 5:00 SW., Washington, DC 20219. For
p.m., Monday through Friday, except * * * * *
By Order of the Maritime Administrator.
security reasons, the OCC requires that
federal holidays. An electronic version visitors make an appointment to inspect
of this document and all documents Dated: October 17, 2017.
comments. You may do so by calling
entered into this docket is available at T. Mitchell Hudson, Jr., (202) 649–6700 or, for persons who are
http://www.regulations.gov. Secretary, Maritime Administration. deaf or hearing impaired, TTY, (202)
FOR FURTHER INFORMATION CONTACT: [FR Doc. 2017–22860 Filed 10–20–17; 8:45 am] 649–5597. Upon arrival, visitors will be
Bianca Carr, U.S. Department of BILLING CODE 4910–81–P required to present valid government-
Transportation, Maritime issued photo identification and submit
Administration, 1200 New Jersey to security screening in order to inspect
Avenue SE., Room W23–453, DEPARTMENT OF THE TREASURY and photocopy comments.
Washington, DC 20590. Telephone 202– All comments received, including
366–9309, Email Bianca.carr@dot.gov. Office of the Comptroller of the attachments and other supporting
SUPPLEMENTARY INFORMATION: As Currency materials, are part of the public record
described by the applicant the intended and subject to public disclosure. Do not
service of the vessel FEATHER is: Agency Information Collection include any information in your
—Intended Commercial Use of Vessel: Activities: Information Collection comment or supporting materials that
‘‘Local Charters in San Diego Bay and Renewal; Submission for OMB Review; you consider confidential or
surrounding waters’’ Reporting and Recordkeeping inappropriate for public disclosure.
—Geographic Region: ‘‘California, Requirements Associated With Additionally, please send a copy of
Oregon, Washington State’’ Liquidity Coverage Ratio: Liquidity your comments by mail to: OCC Desk
The complete application is given in Risk Measurement, Standards, and Officer, 1557–0323, U.S. Office of
ethrower on DSK3G9T082PROD with NOTICES
DOT docket MARAD–2017–0174 at Monitoring Management and Budget, 725 17th
http://www.regulations.gov. Interested AGENCY: Office of the Comptroller of the Street NW., #10235, Washington, DC
parties may comment on the effect this Currency (OCC), Treasury. 20503 or by email to oira submission@
action may have on U.S. vessel builders omb.eop.gov.
ACTION: Notice and request for comment.
or businesses in the U.S. that use U.S.- FOR FURTHER INFORMATION CONTACT:
flag vessels. If MARAD determines, in SUMMARY: The OCC, as part of its Shaquita Merritt, OCC Clearance
accordance with 46 U.S.C. 12121 and continuing effort to reduce paperwork Officer, (202) 649–5490 or, for persons
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![49078 Federal Register / Vol. 82, No. 203 / Monday, October 23, 2017 / Notices
who are deaf or hearing impaired, TTY, FSA’s eligible HQLA meet the Dated: October 17, 2017.
(202) 649–5597, Legislative and requirements of § 50.22. Karen Solomon,
Regulatory Activities Division, Office of Section 50.40 requires that a national Deputy Chief Counsel, Office of the
the Comptroller of the Currency, 400 7th bank or FSA notify its appropriate Comptroller of the Currency.
Street SW, Washington, DC 20219. federal banking agency on any day [FR Doc. 2017–22927 Filed 10–20–17; 8:45 am]
SUPPLEMENTARY INFORMATION: Under the when its liquidity coverage ratio is BILLING CODE 4810–33–P
PRA (44 U.S.C. 3501–3520), federal calculated to be less than the minimum
agencies must obtain approval from requirement in § 50.10. If a national
OMB for each collection of information bank or FSA’s liquidity coverage ratio is DEPARTMENT OF VETERANS
that they conduct or sponsor. below the minimum requirement in AFFAIRS
‘‘Collection of information’’ is defined § 50.10 for three consecutive days, or if
in 44 U.S.C. 3502(3) and 5 CFR the OCC has determined that the Advisory Committee on Cemeteries
1320.3(c) to include agency requests or institution is otherwise materially and Memorials, Amended Notice of
requirements that members of the public noncompliant, the national bank or FSA Meeting
submit reports, keep records, or provide must promptly provide a plan for
achieving compliance with the The Department of Veterans Affairs
information to a third party. The OCC is (VA) gives notice under the Federal
requesting that OMB extend its approval minimum liquidity requirement in
§ 50.10 and all other requirements of Advisory Committee Act that a meeting
of the following information collection. of the Advisory Committee on
Title: Reporting and Recordkeeping § 50.40 to the OCC.
The liquidity plan must include, as Cemeteries and Memorials will be held
Requirements Associated with Liquidity on October 31–November 1, 2017. The
Coverage Ratio: Liquidity Risk applicable: (1) An assessment of the
national bank or FSA ’s liquidity meeting sessions will take place at the
Measurement, Standards, and Jefferson Barracks Medical Center, 1
Monitoring. position; (2) the actions the national
bank or FSA has taken and will take to Jefferson Barracks Drive, Building 56,
OMB Control No.: 1557–0323. St. Louis, MO 63125. Sessions are open
Affected Public: Business or other for- achieve full compliance, including a
plan for adjusting the national bank or to the public, except when the
profit. Committee is conducting tours of VA
Type of Review: Regular review. FSA’s risk profile, risk management,
and funding sources in order to achieve facilities, participating in off-site events,
Abstract: The quantitative liquidity and participating in workgroup
requirement (12 CFR part 50) is full compliance and a plan for
remediating any operational or sessions. Tours of VA facilities are
designed to promote improvements in closed, to protect from disclosure
the measurement and management of management issues that contributed to
noncompliance; (3) an estimated time Veterans’ information the disclosure of
liquidity risk. which would constitute a clearly
The rule applies to large and frame for achieving full compliance; and
(4) a commitment to provide a progress unwarranted invasion of personal
internationally active banking privacy.
organizations—generally, bank holding report to the OCC at least weekly until
companies, certain savings and loan full compliance is achieved. The purpose of the Committee is to
holding companies, and depository Frequency of Response: Annual and advise the Secretary of Veterans Affairs
institutions with $250 billion or more in event generated. on the administration of national
Affected Public: Covered national cemeteries, soldiers’ lots and plots, the
total assets or $10 billion or more in on-
banks and FSAs. selection of new national cemetery sites,
balance sheet foreign exposure—and to Estimated Number of Respondents:
their consolidated subsidiaries that are the erection of appropriate memorials,
19. and the adequacy of Federal burial
depository institutions with $10 billion Estimated Total Annual Burden:
or more in total consolidated assets. benefits. The Committee will make
2,361 hours. recommendations to the Secretary
Section 50.22 requires that, with The OCC issued a notice for 60 days
respect to each asset eligible for regarding such activities.
of comment regarding this collection on
inclusion in a national bank or federal On the morning of Tuesday, October
July 19, 2017, 82 FR 33202. No
savings association’s (FSA’s) high- 31st, the Committee will convene with
comments were received. Comments
quality liquid assets (HQLA) amount, an open session at the Jefferson Barracks
continue to be invited on:
the national bank or FSA must (a) Whether the collection of Medical Center, 1 Jefferson Barracks
implement policies that require eligible information is necessary for the proper Drive, Building 56, St. Louis, MO 63125,
HQLA to be under the control of the performance of the functions of the from 8:30 a.m. to 12:00 p.m. central
management function in the national OCC, including whether the information time. The agenda will include briefings
bank or FSA responsible for managing has practical utility; on NCA Modernization efforts and
liquidity risk. The management function (b) The accuracy of the OCC’s Committee recommendations. In the
must evidence its control over the estimate of the information collection afternoon, from 1:00 p.m. to 4:00 p.m.,
HQLA by segregating the HQLA from burden; central time, the Committee will
other assets, with the sole intent to use (c) Ways to enhance the quality, reconvene a closed session, as it tours
the HQLA as a source of liquidity, or utility, and clarity of the information to the NCA National Training Center co-
demonstrating the ability to monetize be collected; located at the meeting site and Jefferson
the assets and making the proceeds (d) Ways to minimize the burden of Barracks National Cemetery at 2900
available to the liquidity management the collection on respondents, including Sheridan Road, St. Louis, MO 63125.
ethrower on DSK3G9T082PROD with NOTICES
function without conflicting with a through the use of automated collection On November 1st, the meeting will
business or risk management strategy of techniques or other forms of information convene an open session at the Jefferson
the national bank or FSA. In addition, technology; and Barracks Medical Center, 1 Jefferson
§ 50.22 requires that a national bank or (e) Estimates of capital or start-up Barracks Drive, Building 56, St. Louis,
FSA have a documented methodology costs and costs of operation, MO 63125, from 8:30 a.m.–4:00 p.m.
that results in a consistent treatment for maintenance, and purchase of services central time. The agenda will include a
determining that the national bank or to provide information. continuation of briefings on Committee
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Document Created: 2017-10-21 02:35:47
Document Modified: 2017-10-21 02:35:47
| 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 | You should submit written comments by November 22, 2017. | |
| Contact | Shaquita Merritt, OCC Clearance Officer, (202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. | |
| FR Citation | 82 FR 49077 |
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