83_FR_24408 83 FR 24306 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0165; -0183; and -0196)

83 FR 24306 - Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0165; -0183; and -0196)

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 83, Issue 102 (May 25, 2018)

Page Range24306-24309
FR Document2018-11292

The FDIC, 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 the renewal of existing information collections, as required by the Paperwork Reduction Act of 1995 (PRA). Currently, the FDIC is soliciting comment on renewal of the information collections described below.

Federal Register, Volume 83 Issue 102 (Friday, May 25, 2018)
[Federal Register Volume 83, Number 102 (Friday, May 25, 2018)]
[Notices]
[Pages 24306-24309]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-11292]


=======================================================================
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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection 
Renewal; Comment Request (OMB No. 3064-0165; -0183; and -0196)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: The FDIC, 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 the renewal of existing 
information collections, as required by the Paperwork Reduction Act of 
1995 (PRA). Currently, the FDIC is soliciting comment on renewal of the 
information collections described below.

DATES: Comments must be submitted on or before July 24, 2018.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     https://www.FDIC.gov/regulations/laws/federal.
     Email: [email protected]. Include the name and number of 
the collection in the subject line of the message.
     Mail: Manny Cabeza (202-898-3767), Counsel, MB-3007, 
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 17th Street Building

[[Page 24307]]

(located on F Street), on business days between 7:00 a.m. and 5:00 p.m.
    All comments should refer to the appropriate OMB control number 
referenced in the Supplementary Information section below. A copy of 
the comments may also be submitted to the OMB desk officer for the 
FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Counsel, 202-898-3767, 
[email protected], MB-3007, Federal Deposit Insurance Corporation, 550 
17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently 
approved collections of information:
    1. Title: Interagency Supervisory Guidance for the Supervisory 
Review Process of Capital Adequacy (Pillar 2) Related to the 
Implementation of the Basel II Advanced Capital Framework.
    OMB Number: 3064-0165.
    Form Number: None.
    Affected Public: Insured state nonmember banks and certain 
subsidiaries of these entities.
    Burden Estimate:

                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                             Estimated    Estimated time                                   Total annual
                                                  Type of burden             number of     per response       Frequency of  response         estimated
                                                                            respondents       (hours)                                      burden hours
--------------------------------------------------------------------------------------------------------------------------------------------------------
Pillar 2 Guidance......................  Recordkeeping..................               2             105  Quarterly.....................             840
                                        ----------------------------------------------------------------------------------------------------------------
    Total Estimated Annual Burden......  ...............................  ..............  ..............  ..............................             840
--------------------------------------------------------------------------------------------------------------------------------------------------------

    General Description of Collection: There has been no change in the 
method or substance of this information collection. The number of 
institutions subject to the record keeping requirements has decreased 
from eight (8) to two (2). In 2008 the Office of the Comptroller of the 
Currency, the Board of Governors of the Federal Reserve System and the 
FDIC issued a supervisory guidance document related to the supervisory 
review process of capital adequacy (Pillar 2) in connection with the 
implementation of the Basel II Advanced Capital Framework.\1\ Sections 
37, 41, 43, and 46 of the guidance include possible information 
collections. Section 37 provides that banks should state clearly the 
definition of capital used in any aspect of its internal capital 
adequacy assessment process (ICAAP) and document any changes in the 
internal definition of capital. Section 41 provides that banks should 
maintain thorough documentation of its ICAAP. Section 43 specifies that 
the board of directors should approve the bank's ICAAP, review it on a 
regular basis and approve any changes. Section 46 recommends that 
boards of directors periodically review the assessment of overall 
capital adequacy and analyze how measures of internal capital adequacy 
compare with other capital measures such as regulatory or accounting.
---------------------------------------------------------------------------

    \1\ 73 FR 44620 (July 31, 2008).
---------------------------------------------------------------------------

    2. Title: Credit Risk Retention.
    OMB Number: 3064-0183.
    Form Number: None.
    Affected Public: Insured state non-member banks, insured state 
branches of foreign banks, state savings associations and certain 
subsidiaries of these entities.
    Burden Estimate:

                                            Summary of Annual Burden
----------------------------------------------------------------------------------------------------------------
                                                     Estimated       Estimated       Estimated       Estimated
                                                     number of        annual       average hours   annual burden
                                                     offerings       frequency     per response        hours
----------------------------------------------------------------------------------------------------------------
                                                Disclosure Burden
----------------------------------------------------------------------------------------------------------------
Subpart B:
    Sec.   373.4 Standard Risk Retention--                     1               1             5.5             5.5
     Horizontal Interest........................
    Sec.   373.4 Standard Risk Retention--                    40               1             2.0              80
     Vertical Interest..........................
    Sec.   373.4 Standard Risk Retention--                     4               1             7.5              30
     Combined Interest..........................
    Sec.   373.5 Revolving Master Trusts........              15               1             7.0             105
    Sec.   373.6 Eligible ABCP Conduits.........              15               1             3.0              45
    Sec.   373.7 Commercial MBS.................              15               1           20.75          311.25
    Sec.   373.8 FNMA and FHLMC.................              15               1             1.5            22.5
    Sec.   373.9 Open Market CLOs...............              15               1           20.25          303.75
    Sec.   373.10 Qualified Tender Option Bonds.              15               1             6.0              90
                                                 ---------------------------------------------------------------
        Subpart B Subtotal......................  ..............  ..............  ..............  ..............
Subpart C:
    Sec.   373.11 Allocation of Risk Retention                 3               1             2.5             7.5
     to an Originator...........................
Subpart D:
    Sec.   373.13 and .19(g) Exemption for                    13               1            1.25           16.25
     Qualified Residential Mortgages............
    Sec.   373.15 Exemption for Qualifying                    16               1            20.0             320
     Commercial Loans, Commercial Real Estate
     and Automobile Loans.......................
    Sec.   373.16 Underwriting Standards for                   6               1            1.25             7.5
     Qualifying Commercial Loans................
    Sec.   373.17 Underwriting Standards for                   6               1            1.25             7.5
     Qualifying CRE Loans.......................
    Sec.   373.18 Underwriting Standards for                   6               1            1.25             7.5
     Qualifying Automobile Loans................
                                                 ---------------------------------------------------------------
            Total Estimated Disclosure Burden...  ..............  ..............  ..............        1,359.25
----------------------------------------------------------------------------------------------------------------

[[Page 24308]]

 
                                              Recordkeeping Burden
----------------------------------------------------------------------------------------------------------------
Subpart B:
    Sec.   373.4 Standard Risk Retention--                     1               1             0.5             0.5
     Horizontal Interest........................
    Sec.   373.4 Standard Risk Retention--                    40               1             0.5              20
     Vertical Interest..........................
    Sec.   373.4 Standard Risk Retention--                     4               1             0.5               2
     Combined Interest..........................
    Sec.   373.5 Revolving Master Trusts........              15               1             0.5             7.5
    Sec.   373.6 Eligible ABCP Conduits.........              15               1            20.0             300
    Sec.   373.7 Commercial MBS.................              15               1            30.0             450
Subpart C:
    Sec.   373.11 Allocation of Risk Retention                 3               1            20.0              60
     to an Originator...........................
Subpart D:
    Sec.   373.13 and .19(g) Exemption for                    13               1            40.0             520
     Qualified Residential Mortgages............
    Sec.   373.15 Exemption for Qualifying                    16               1             0.5               8
     Commercial Loans, Commercial Real Estate
     and Automobile Loans.......................
    Sec.   373.16 Underwriting Standards for                   6               1            40.0             240
     Qualifying Commercial Loans................
    Sec.   373.17 Underwriting Standards for                   6               1            40.0             240
     Qualifying CRE Loans.......................
    Sec.   373.18 Underwriting Standards for                   6               1             400             240
     Qualifying Automobile Loans................
                                                 ---------------------------------------------------------------
        Total Estimated Recordkeeping Burden....  ..............  ..............  ..............           2,088
                                                 ---------------------------------------------------------------
            Total Estimated Annual Burden.......  ..............  ..............  ..............        3,447.25
----------------------------------------------------------------------------------------------------------------

    There has been no change in the method or substance of this 
information collection. The above burden estimate is derived from 
FDIC's estimate that there are currently approximately 1,400 annual 
offerings subject to the Credit Risk Retention rule (12 CFR part 373). 
The methodology used to estimate burden is fully detailed in the FDIC's 
supporting statement for this information collection (3064-0183) 
available at https://www.reginfo.gov/public/do/PRAViewDocument?ref_nbr=201501-3064-002.
    General Description of Collection: This information collection 
request relates to the disclosure and recordkeeping requirements of 12 
CFR part 373 (the Credit Risk Retention Rule) which implements section 
15G of the Securities Exchange Act of 1934,\2\ added by section 941 of 
the Dodd-Frank Wall Street Reform and Consumer Protection Act \3\ 
(Section 941). The Credit Risk Retention Rule was jointly issued by the 
Federal Deposit Insurance Corporation (``FDIC''), the Office of the 
Comptroller of the Currency (``OCC''), the Federal Reserve Board 
(``Board''), the Securities and Exchange Commission (``Commission'') 
and, with respect to the portions of the Rule addressing the 
securitization of residential mortgages, the Federal Housing Finance 
Agency (``FHFA'') and the Department of Housing and Urban Development 
(``HUD'').
---------------------------------------------------------------------------

    \2\ 15 U.S.C. 78o-11.
    \3\ Public Law 111-2-3, 124 Stat. 1376 (2010).
---------------------------------------------------------------------------

    Section 941 requires the Board, the FDIC, the OCC (collectively, 
the ``Federal banking agencies''), the Commission and, in the case of 
the securitization of any ``residential mortgage asset,'' together with 
HUD and FHFA, to jointly prescribe regulations that (i) require a 
securitizer to retain not less than five percent of the credit risk of 
any asset that the securitizer, through the issuance of an asset-backed 
security (``ABS''), transfers, sells or conveys to a third party, and 
(ii) prohibit a securitizer from directly or indirectly hedging or 
otherwise transferring the credit risk that the securitizer is required 
to retain under section 941 and the agencies' implementing rules.
    The Credit Risk Retention Rule provides a menu of credit risk 
retention options from which securitizers can choose and sets out the 
standards, including disclosure and recordkeeping requirements, for 
each option; identifies the eligibility criteria, including 
certification and disclosure requirements, that must be met for asset-
backed securities (ABS) offerings to qualify for certain exemptions; 
specifies the underwriting standards for commercial real estate (CRE) 
loans, commercial loans and automobile loans, as well as disclosure, 
certification and recordkeeping requirements, that must be met for ABS 
issuances collateralized by such loans to qualify for reduced credit 
risk retention; and sets forth the circumstances under which retention 
obligations may be allocated by sponsors to originators, including 
disclosure and monitoring requirements. The recordkeeping requirements 
relate primarily to (i) the adoption and maintenance of various 
policies and procedures to ensure and monitor compliance with 
regulatory requirements and (ii) certifications, including as to the 
effectiveness of internal supervisory controls. The required 
disclosures for each risk retention option are intended to provide 
investors with material information concerning the sponsor's retained 
interest in a securitization transaction (e.g., the amount, form and 
nature of the retained interest, material assumptions and methodology, 
representations and warranties). The agencies believe that the 
disclosure and recordkeeping requirements will enhance market 
discipline, help ensure the quality of the assets underlying a 
securitization, and assist investors in evaluating transactions.
    3. Title: Disclosure Requirements Associated with the Supplementary 
Leverage Ratio.
    OMB Number: 3064-0196.
    Form Number: None.
    Affected Public: Insured state nonmember banks and state savings 
associations that are subject to the FDIC's advanced approaches risk-
based capital rules.
    Burden Estimate:

[[Page 24309]]



                                                                Summary of Annual Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                             Estimated    Estimated time                                   Total annual
                                                  Type of  burden            number of     per response        Frequency of response         estimated
                                                                            respondents       (hours)                                      burden hours
--------------------------------------------------------------------------------------------------------------------------------------------------------
12 CFR 324.172 and 173..................  Disclosure....................               2               5  Quarterly.....................              40
                                         ---------------------------------------------------------------------------------------------------------------
    Total Estimated Annual Burden.......  ..............................  ..............  ..............  ..............................              40
--------------------------------------------------------------------------------------------------------------------------------------------------------

    There has been no change in the method or substance of this 
information collection. The number of institutions subject to the 
disclosure requirements has decreased from eight (8) to two (2).
    General Description of Collection: The supplementary leverage ratio 
regulations strengthen the definition of total leverage exposure and 
improve the measure of a banking organization's on- and off-balance 
sheet exposures. The rules are generally consistent with the Basel 
Committee on Banking Supervision's 2014 revisions and promote 
consistency in the calculation of this ratio across jurisdictions. All 
banking organizations that are subject to the advanced approaches risk-
based capital rules \4\ are required to disclose their supplementary 
leverage ratios.\5\ Advanced approaches banking organizations must 
report their supplementary leverage ratios on the applicable regulatory 
reports. The calculation and disclosure requirements for the 
supplementary leverage ratio in the federal banking agencies' 
regulatory capital rules are generally consistent with international 
standards published by the Basel Committee on Banking Supervision. 
These disclosures enhance the transparency and consistency of reporting 
requirements for the supplementary leverage ratio by all 
internationally active organizations.
---------------------------------------------------------------------------

    \4\ 12 CFR 324.100(b)(1).
    \5\ 12 CFR 324.10(c), 324.172(d), and 324.173.
---------------------------------------------------------------------------

Request for Comment

    Comments are invited on: (a) Whether the collections of information 
are necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burdens of the information 
collections, including the validity of the methodology and assumptions 
used; (c) ways to enhance the quality, utility, and clarity of the 
information to be collected; and (d) ways to minimize the burden of the 
collections of information on respondents, including through the use of 
automated collection techniques or other forms of information 
technology. All comments will become a matter of public record.

    Dated at Washington, DC, on May 22, 2018.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-11292 Filed 5-24-18; 8:45 am]
 BILLING CODE 6714-01-P



                                              24306                           Federal Register / Vol. 83, No. 102 / Friday, May 25, 2018 / Notices

                                              be interested, the Agency has not                       regulations under 6(a) for certain                    C. Letter Peer Review Documents
                                              attempted to describe all the specific                  Persistent Bioaccumulative and Toxic                    EPA’s background papers, related
                                              entities that may be affected by this                   (PBT) chemical substances that were                   supporting materials, and charge/
                                              action.                                                 identified in EPA’s TSCA Work Plan for                questions for these letter peer reviews
                                                                                                      Chemical Assessments: 2014 update.                    will be available in the public docket
                                              B. What should I consider as I prepare
                                                                                                      The chemicals that were ranked high or                (EPA–HQ–OPPT–2018–0314) on June
                                              my comments for EPA?
                                                                                                      moderate for either persistence and                   18, 2018. In addition, the Agency may
                                                1. Submitting CBI. Do not submit CBI                  bioaccumulation, are present on the                   provide additional background
                                              information to EPA through                              TSCA 2014 workplan chemical list that                 documents and public comments as the
                                              regulations.gov or email. If your                       are not metals, that do not have problem              materials become available. You may
                                              comments contain any information that                   formulation completed, do not have a                  obtain electronic copies of these
                                              you consider to be CBI or otherwise                     review under section 5, and do not have               documents, and certain other related
                                              protected, please contact the Peer                      a consent agreement under section 4 are               documents that might be available in
                                              Review Leader listed under FOR FURTHER                  the following five chemicals:                         the public docket at http://
                                              INFORMATION CONTACT to obtain special                   Decabromodiphenyl ethers (DECA);                      www.regulations.gov and on the TSCA
                                              instructions before submitting your                     Hexachlorobutadiene (HCBD);                           Peer Review website at https://
                                              comments.                                               Pentachlorothiophenol (PCTP); Phenol,                 www.epa.gov/tsca-peer-review.
                                                2. Tips for preparing your comments.                  isopropylated, phosphate (3:1) (PIP3/
                                              When preparing and submitting your                      ITPP); and 2,4,6-Tris(tert-butyl) phenol               Authority: 15 U.S.C. 2625 et. seq.; 5 U.S.C.
                                              comments, see the commenting tips at                                                                          Appendix 2 et. seq.
                                                                                                      (2, 4, 6 TRIS).
                                              http://www.epa.gov/dockets/                                No risk evaluation is required for                   Dated: May 18, 2018.
                                              comments.html.                                          these PBT chemicals. EPA has drafted                  Stanley Barone, Jr.,
                                                                                                      an Exposure and Use Assessment and a                  Acting Director, Office of Science
                                              C. How may I participate in this
                                                                                                      Human Health and Environmental                        Coordination and Policy.
                                              meeting?
                                                                                                      Hazard Summary, in response to the                    [FR Doc. 2018–11311 Filed 5–24–18; 8:45 am]
                                                You may participate in this                           TSCA section 6(h) requirements to                     BILLING CODE 6560–50–P
                                              preparatory meeting by following the                    summarize conclusions of toxicity and
                                              instructions in this unit. To ensure                    whether there is likely exposure to these
                                              proper receipt by EPA, it is imperative                 PBT chemicals. These documents                        FEDERAL DEPOSIT INSURANCE
                                              that you identify docket ID number                      contain the following components:                     CORPORATION
                                              EPA–HQ–OPPT–2018–0314 in the                               • Chemistry, physical-chemical
                                              subject line on the first page of your                  properties and expected transport and                 Agency Information Collection
                                              request.                                                partitioning.                                         Activities: Proposed Collection
                                                1. Written comments. The Agency                          • Characterization of manufacture                  Renewal; Comment Request (OMB No.
                                              encourages written comments be                          (including import), processing, uses and              3064–0165; –0183; and –0196)
                                              submitted, using the instructions in                    potential sources of exposure.
                                              ADDRESSES and Unit I.B., on or before                      • Summary of available monitoring                  AGENCY: Federal Deposit Insurance
                                              July 23, 2018, to provide the letter peer               data, concentrations and doses.                       Corporation (FDIC).
                                              reviewers the time necessary to consider                   • Characterization of trends in                    ACTION: Notice and request for comment.
                                              and review the written comments.                        releases/exposures over time.
                                                                                                         • Summary of environmental hazard                  SUMMARY: The FDIC, as part of its
                                              Though the peer reviewers may not be
                                                                                                      (written and tabular summaries).                      continuing effort to reduce paperwork
                                              able to fully consider written comments
                                                                                                         • Summary of human health hazard                   and respondent burden, invites the
                                              submitted after July 23, 2018, EPA will
                                                                                                      (written and tabular summaries).                      general public and other Federal
                                              consider all comments submitted on or
                                              before August 17, 2018.                                    • Strategy for identifying                         agencies to take this opportunity to
                                                                                                      environmental hazard summary                          comment on the renewal of existing
                                                2. Oral comments. The Agency
                                                                                                      information.                                          information collections, as required by
                                              encourages each individual or group
                                              wishing to present brief oral comments                     • Strategy for identifying human                   the Paperwork Reduction Act of 1995
                                                                                                      health summary information.                           (PRA). Currently, the FDIC is soliciting
                                              to the letter peer reviewers during the
                                              preparatory meeting to submit their                        • Supplemental Files that identify                 comment on renewal of the information
                                                                                                      how environmental information was                     collections described below.
                                              request to the peer review leader listed
                                              under FOR FURTHER INFORMATION                           searched, screened, and evaluated.                    DATES: Comments must be submitted on
                                              CONTACT on or before June 21, 2018, in
                                                                                                                                                            or before July 24, 2018.
                                                                                                      B. Public Preparatory Meeting
                                              order to be included on the preparatory                                                                       ADDRESSES: Interested parties are
                                                                                                         The Agency has organized letter peer               invited to submit written comments to
                                              meeting agenda. The request should                      reviews for the Exposure and Use
                                              identify the name of the individual                                                                           the FDIC by any of the following
                                                                                                      Assessment and the Human Health and                   methods:
                                              making the presentation, the                            Environmental Hazard Summary. The
                                              organization (if any) the individual will                                                                       • https://www.FDIC.gov/regulations/
                                                                                                      June 25, 2018 preparatory meeting will                laws/federal.
                                              represent, and any requirements for
                                              audiovisual equipment. Oral comments
                                                                                                      be held by teleconference and webcast                   • Email: comments@fdic.gov. Include
                                                                                                      only. During the preparatory meeting,                 the name and number of the collection
                                              are limited to approximately 5 minutes                  the individual letter peer reviewers will             in the subject line of the message.
amozie on DSK3GDR082PROD with NOTICES1




                                              due to the time constraints of the                      have the opportunity to comment on                      • Mail: Manny Cabeza (202–898–
                                              preparatory meeting.                                    and ask questions regarding the scope                 3767), Counsel, MB–3007, Federal
                                              II. Background                                          and clarity of the draft charge questions.            Deposit Insurance Corporation, 550 17th
                                                                                                      Subsequent to this preparatory meeting,               Street NW, Washington, DC 20429.
                                              A. Letter Peer Review                                   final charge questions will be provided                 • Hand Delivery: Comments may be
                                                Section 6(h) of the Toxics Substances                 for use as the letter peer reviewers                  hand-delivered to the guard station at
                                              Control Act (TSCA) directs EPA to issue                 complete their individual reviews.                    the rear of the 17th Street Building


                                         VerDate Sep<11>2014   18:28 May 24, 2018   Jkt 241001   PO 00000   Frm 00035   Fmt 4703   Sfmt 4703   E:\FR\FM\25MYN1.SGM   25MYN1


                                                                                      Federal Register / Vol. 83, No. 102 / Friday, May 25, 2018 / Notices                                                                                                          24307

                                              (located on F Street), on business days                             Budget, New Executive Office Building,                                              1. Title: Interagency Supervisory
                                              between 7:00 a.m. and 5:00 p.m.                                     Washington, DC 20503.                                                             Guidance for the Supervisory Review
                                                 All comments should refer to the                                                                                                                   Process of Capital Adequacy (Pillar 2)
                                                                                                                  FOR FURTHER INFORMATION CONTACT:
                                              appropriate OMB control number                                                                                                                        Related to the Implementation of the
                                                                                                                  Manny Cabeza, Counsel, 202–898–3767,
                                              referenced in the Supplementary                                                                                                                       Basel II Advanced Capital Framework.
                                                                                                                  mcabeza@FDIC.gov, MB–3007, Federal
                                                                                                                                                                                                      OMB Number: 3064–0165.
                                              Information section below. A copy of                                Deposit Insurance Corporation, 550 17th
                                                                                                                                                                                                      Form Number: None.
                                              the comments may also be submitted to                               Street NW, Washington, DC 20429.
                                                                                                                                                                                                      Affected Public: Insured state
                                              the OMB desk officer for the FDIC:                                  SUPPLEMENTARY INFORMATION:   Proposal                                             nonmember banks and certain
                                              Office of Information and Regulatory                                to renew the following currently                                                  subsidiaries of these entities.
                                              Affairs, Office of Management and                                   approved collections of information:                                                Burden Estimate:

                                                                                                                         SUMMARY OF ANNUAL BURDEN
                                                                                                                                                                Estimated                    Estimated time                                                Total annual
                                                                                                                                                                                                                              Frequency of
                                                                                                                               Type of burden                   number of                     per response                                                  estimated
                                                                                                                                                                                                                                response
                                                                                                                                                               respondents                       (hours)                                                   burden hours

                                              Pillar 2 Guidance ...........................................................   Recordkeeping                                        2                           105          Quarterly ...........                           840

                                                    Total Estimated Annual Burden ..............................              ...........................     ........................       ........................       ...........................                     840



                                                General Description of Collection:                                37, 41, 43, and 46 of the guidance                                                that boards of directors periodically
                                              There has been no change in the method                              include possible information                                                      review the assessment of overall capital
                                              or substance of this information                                    collections. Section 37 provides that                                             adequacy and analyze how measures of
                                              collection. The number of institutions                              banks should state clearly the definition                                         internal capital adequacy compare with
                                              subject to the record keeping                                       of capital used in any aspect of its                                              other capital measures such as
                                              requirements has decreased from eight                               internal capital adequacy assessment                                              regulatory or accounting.
                                              (8) to two (2). In 2008 the Office of the                           process (ICAAP) and document any                                                    2. Title: Credit Risk Retention.
                                              Comptroller of the Currency, the Board                              changes in the internal definition of                                               OMB Number: 3064–0183.
                                              of Governors of the Federal Reserve                                 capital. Section 41 provides that banks                                             Form Number: None.
                                              System and the FDIC issued a                                        should maintain thorough                                                            Affected Public: Insured state non-
                                              supervisory guidance document related                               documentation of its ICAAP. Section 43                                            member banks, insured state branches of
                                              to the supervisory review process of                                specifies that the board of directors                                             foreign banks, state savings associations
                                              capital adequacy (Pillar 2) in connection                           should approve the bank’s ICAAP,                                                  and certain subsidiaries of these
                                              with the implementation of the Basel II                             review it on a regular basis and approve                                          entities.
                                              Advanced Capital Framework.1 Sections                               any changes. Section 46 recommends                                                  Burden Estimate:

                                                                                                                         SUMMARY OF ANNUAL BURDEN
                                                                                                                                                                    Estimated                      Estimated                     Estimated                  Estimated
                                                                                                                                                                    number of                        annual                    average hours              annual burden
                                                                                                                                                                     offerings                     frequency                   per response                   hours

                                                                                                                                      Disclosure Burden

                                              Subpart B:
                                                 § 373.4         Standard Risk Retention—Horizontal Interest ..........................                                              1                                  1                       5.5                       5.5
                                                 § 373.4         Standard Risk Retention—Vertical Interest ...............................                                          40                                  1                       2.0                        80
                                                 § 373.4         Standard Risk Retention—Combined Interest ..........................                                                4                                  1                       7.5                        30
                                                 § 373.5         Revolving Master Trusts ............................................................                               15                                  1                       7.0                       105
                                                 § 373.6         Eligible ABCP Conduits .............................................................                               15                                  1                       3.0                        45
                                                 § 373.7         Commercial MBS .......................................................................                             15                                  1                     20.75                    311.25
                                                 § 373.8         FNMA and FHLMC ....................................................................                                15                                  1                       1.5                      22.5
                                                 § 373.9         Open Market CLOs ...................................................................                               15                                  1                     20.25                    303.75
                                                 § 373.10         Qualified Tender Option Bonds ...............................................                                     15                                  1                       6.0                        90

                                                      Subpart B Subtotal ............................................................................           ........................       ........................        ........................   ........................
                                              Subpart C:
                                                 § 373.11 Allocation of Risk Retention to an Originator ..........................                                                       3                              1                         2.5                        7.5
                                              Subpart D:
                                                 § 373.13 and .19(g) Exemption for Qualified Residential Mortgages ....                                                             13                                  1                       1.25                     16.25
                                                 § 373.15 Exemption for Qualifying Commercial Loans, Commercial
                                                    Real Estate and Automobile Loans ......................................................                                         16                                  1                       20.0                        320
amozie on DSK3GDR082PROD with NOTICES1




                                                 § 373.16 Underwriting Standards for Qualifying Commercial Loans .....                                                               6                                  1                       1.25                        7.5
                                                 § 373.17 Underwriting Standards for Qualifying CRE Loans .................                                                          6                                  1                       1.25                        7.5
                                                 § 373.18 Underwriting Standards for Qualifying Automobile Loans ......                                                              6                                  1                       1.25                        7.5

                                                                Total Estimated Disclosure Burden ............................................                  ........................       ........................        ........................            1,359.25


                                                1 73   FR 44620 (July 31, 2008).



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                                              24308                                Federal Register / Vol. 83, No. 102 / Friday, May 25, 2018 / Notices

                                                                                                         SUMMARY OF ANNUAL BURDEN—Continued
                                                                                                                                                     Estimated                  Estimated                 Estimated                  Estimated
                                                                                                                                                     number of                    annual                average hours              annual burden
                                                                                                                                                      offerings                 frequency               per response                   hours

                                                                                                                          Recordkeeping Burden

                                              Subpart B:
                                                 § 373.4 Standard Risk Retention—Horizontal Interest ..........................                                        1                          1                      0.5                0.5
                                                 § 373.4 Standard Risk Retention—Vertical Interest ...............................                                    40                          1                      0.5                 20
                                                 § 373.4 Standard Risk Retention—Combined Interest ..........................                                          4                          1                      0.5                  2
                                                 § 373.5 Revolving Master Trusts ............................................................                         15                          1                      0.5                7.5
                                                 § 373.6 Eligible ABCP Conduits .............................................................                         15                          1                     20.0                300
                                                 § 373.7 Commercial MBS .......................................................................                       15                          1                     30.0                450
                                              Subpart C:
                                                 § 373.11 Allocation of Risk Retention to an Originator ..........................                                     3                           1                     20.0                 60
                                              Subpart D:
                                                 § 373.13 and .19(g) Exemption for Qualified Residential Mortgages ....                                               13                          1                      40.0               520
                                                 § 373.15 Exemption for Qualifying Commercial Loans, Commercial
                                                    Real Estate and Automobile Loans ......................................................                           16                          1                      0.5                  8
                                                 § 373.16 Underwriting Standards for Qualifying Commercial Loans .....                                                 6                          1                     40.0                240
                                                 § 373.17 Underwriting Standards for Qualifying CRE Loans .................                                            6                          1                     40.0                240
                                                 § 373.18 Underwriting Standards for Qualifying Automobile Loans ......                                                6                          1                      400                240

                                                         Total Estimated Recordkeeping Burden ...........................................         ........................   ........................   ........................           2,088

                                                               Total Estimated Annual Burden .................................................    ........................   ........................   ........................        3,447.25



                                                 There has been no change in the                               Section 941 requires the Board, the                               disclosure and monitoring
                                              method or substance of this information                       FDIC, the OCC (collectively, the                                     requirements. The recordkeeping
                                              collection. The above burden estimate is                      ‘‘Federal banking agencies’’), the                                   requirements relate primarily to (i) the
                                              derived from FDIC’s estimate that there                       Commission and, in the case of the                                   adoption and maintenance of various
                                              are currently approximately 1,400                             securitization of any ‘‘residential                                  policies and procedures to ensure and
                                              annual offerings subject to the Credit                        mortgage asset,’’ together with HUD and                              monitor compliance with regulatory
                                              Risk Retention rule (12 CFR part 373).                        FHFA, to jointly prescribe regulations                               requirements and (ii) certifications,
                                              The methodology used to estimate                              that (i) require a securitizer to retain not                         including as to the effectiveness of
                                              burden is fully detailed in the FDIC’s                        less than five percent of the credit risk                            internal supervisory controls. The
                                              supporting statement for this                                 of any asset that the securitizer, through                           required disclosures for each risk
                                              information collection (3064–0183)                            the issuance of an asset-backed security                             retention option are intended to provide
                                              available at https://www.reginfo.gov/                         (‘‘ABS’’), transfers, sells or conveys to a                          investors with material information
                                              public/do/PRAViewDocument?ref_                                third party, and (ii) prohibit a
                                                                                                                                                                                 concerning the sponsor’s retained
                                              nbr=201501-3064-002.                                          securitizer from directly or indirectly
                                                                                                                                                                                 interest in a securitization transaction
                                                 General Description of Collection:                         hedging or otherwise transferring the
                                                                                                                                                                                 (e.g., the amount, form and nature of the
                                              This information collection request                           credit risk that the securitizer is
                                                                                                            required to retain under section 941 and                             retained interest, material assumptions
                                              relates to the disclosure and
                                                                                                            the agencies’ implementing rules.                                    and methodology, representations and
                                              recordkeeping requirements of 12 CFR
                                              part 373 (the Credit Risk Retention Rule)                        The Credit Risk Retention Rule                                    warranties). The agencies believe that
                                              which implements section 15G of the                           provides a menu of credit risk retention                             the disclosure and recordkeeping
                                              Securities Exchange Act of 1934,2 added                       options from which securitizers can                                  requirements will enhance market
                                              by section 941 of the Dodd-Frank Wall                         choose and sets out the standards,                                   discipline, help ensure the quality of the
                                              Street Reform and Consumer Protection                         including disclosure and recordkeeping                               assets underlying a securitization, and
                                              Act 3 (Section 941). The Credit Risk                          requirements, for each option; identifies                            assist investors in evaluating
                                              Retention Rule was jointly issued by the                      the eligibility criteria, including                                  transactions.
                                              Federal Deposit Insurance Corporation                         certification and disclosure                                           3. Title: Disclosure Requirements
                                              (‘‘FDIC’’), the Office of the Comptroller                     requirements, that must be met for asset-                            Associated with the Supplementary
                                              of the Currency (‘‘OCC’’), the Federal                        backed securities (ABS) offerings to                                 Leverage Ratio.
                                              Reserve Board (‘‘Board’’), the Securities                     qualify for certain exemptions; specifies
                                              and Exchange Commission                                       the underwriting standards for                                           OMB Number: 3064–0196.
                                              (‘‘Commission’’) and, with respect to the                     commercial real estate (CRE) loans,                                      Form Number: None.
                                              portions of the Rule addressing the                           commercial loans and automobile loans,
                                                                                                                                                                                   Affected Public: Insured state
                                              securitization of residential mortgages,                      as well as disclosure, certification and
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                                                                                                                                                                                 nonmember banks and state savings
                                              the Federal Housing Finance Agency                            recordkeeping requirements, that must
                                                                                                                                                                                 associations that are subject to the
                                              (‘‘FHFA’’) and the Department of                              be met for ABS issuances collateralized
                                              Housing and Urban Development                                 by such loans to qualify for reduced                                 FDIC’s advanced approaches risk-based
                                              (‘‘HUD’’).                                                    credit risk retention; and sets forth the                            capital rules.
                                                                                                            circumstances under which retention                                      Burden Estimate:
                                                2 15U.S.C. 78o–11.                                          obligations may be allocated by
                                                3 Public Law 111–2–3, 124 Stat. 1376 (2010).                sponsors to originators, including


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                                                                                  Federal Register / Vol. 83, No. 102 / Friday, May 25, 2018 / Notices                                                                                      24309

                                                                                                                  SUMMARY OF ANNUAL BURDEN
                                                                                                                                                        Estimated                Estimated time                                        Total annual
                                                                                                                                Type of                                                                      Frequency of
                                                                                                                                                        number of                 per response                                          estimated
                                                                                                                                burden                                                                         response
                                                                                                                                                       respondents                   (hours)                                           burden hours

                                              12 CFR 324.172 and 173 ...................................................   Disclosure ......                                2                         5     Quarterly ........                   40

                                                   Total Estimated Annual Burden ...................................       ........................   ........................   ........................   ........................             40



                                                There has been no change in the                               Dated at Washington, DC, on May 22, 2018.                              Dampschifffahrts-Gesellschaft KG as a
                                              method or substance of this information                       Federal Deposit Insurance Corporation.                                   party and replaces it with Maersk Line
                                              collection. The number of institutions                        Robert E. Feldman,                                                       A/S, extends the initial term of the
                                              subject to the disclosure requirements                        Executive Secretary.                                                     Agreement, changes the name of the
                                              has decreased from eight (8) to two (2).                      [FR Doc. 2018–11292 Filed 5–24–18; 8:45 am]                              Agreement, and restates the Agreement.
                                                General Description of Collection: The                      BILLING CODE 6714–01–P                                                      Agreement No.: 201251.
                                              supplementary leverage ratio                                                                                                              Title: Hapag-Lloyd/Maersk Line Slot
                                              regulations strengthen the definition of                                                                                               Exchange Agreement.
                                              total leverage exposure and improve the                                                                                                   Parties: Hapag- Lloyd AG and Maersk
                                                                                                            FEDERAL MARITIME COMMISSION
                                              measure of a banking organization’s on-                                                                                                Line A/S.
                                              and off-balance sheet exposures. The                          Notice of Agreements Filed                                                  Filing Party: Wayne Rohde; Cozen
                                              rules are generally consistent with the                                                                                                O’Connor; 1200 19th Street NW,
                                              Basel Committee on Banking                                       The Commission hereby gives notice                                    Washington, DC 20036.
                                              Supervision’s 2014 revisions and                              of the filing of the following agreements                                   Synopsis: The Agreement authorizes
                                              promote consistency in the calculation                        under the Shipping Act of 1984.                                          the parties to exchange space in the
                                              of this ratio across jurisdictions. All                       Interested parties may submit comments                                   trade between the U.S. Gulf Coast and
                                              banking organizations that are subject to                     on the agreements to the Secretary,                                      ports in Argentina, Brazil, Colombia, the
                                              the advanced approaches risk-based                            Federal Maritime Commission,                                             Dominican Republic, Mexico, Panama
                                              capital rules 4 are required to disclose                      Washington, DC 20573, within twelve                                      and Uruguay. The parties have
                                              their supplementary leverage ratios.5                         days of the date this notice appears in                                  requested Expedited Review.
                                              Advanced approaches banking                                   the Federal Register. Copies of the                                         Agreement No.: 201252.
                                              organizations must report their                               agreements are available through the                                        Title: Marine Terminal Services
                                              supplementary leverage ratios on the                          Commission’s website (www.fmc.gov) or                                    Agreement between Port of Houston
                                              applicable regulatory reports. The                            by contacting the Office of Agreements                                   Authority and Mediterranean Shipping
                                              calculation and disclosure requirements                       at (202)-523–5793 or tradeanalysis@                                      Co. S.A.
                                              for the supplementary leverage ratio in                       fmc.gov.                                                                    Parties: Port of Houston Authority
                                              the federal banking agencies’ regulatory                         Agreement No.: 012463–002.                                            and MSC Mediterranean Shipping
                                              capital rules are generally consistent                           Title: Maersk/MSC/HMM Strategic                                       Company S.A.
                                              with international standards published                        Cooperation Agreement.                                                      Filing Party: Chasless Yancy; Port of
                                              by the Basel Committee on Banking                                Parties: Maersk Line A/S,                                             Houston Authority; 111 East Loop
                                              Supervision. These disclosures enhance                        Mediterranean Shipping Company S.A.,                                     North; Houston, TX 77029.
                                              the transparency and consistency of                           and Hyundai Merchant Marine Co., Ltd.                                       Synopsis: The Agreement sets forth
                                              reporting requirements for the                                   Filing Party: Wayne Rohde; Cozen                                      certain discounted rates and charges
                                              supplementary leverage ratio by all                           O’Connor; 1200 19th Street NW,                                           applicable to MSC’s container vessels
                                              internationally active organizations.                         Washington, DC 20036.                                                    calling at the Port of Houston
                                                                                                               Synopsis: The amendment deletes the                                   Authority’s Barbours Cut and Bayport
                                              Request for Comment                                           trade between North Europe and the                                       Container Terminals. The Agreement
                                                Comments are invited on: (a) Whether                        U.S. Atlantic Coast from the scope of the                                will commence upon filing with the
                                              the collections of information are                            Agreement and removes all provisions                                     Federal Maritime Commission, and the
                                              necessary for the proper performance of                       related to that trade from the                                           term of the Agreement is for 10 years
                                              the FDIC’s functions, including whether                       Agreement. The amendment also                                            following such filing, with an option to
                                              the information has practical utility; (b)                    increases the amount of space to be                                      jointly agree upon a five-year extension.
                                              the accuracy of the estimates of the                          exchanged by the parties in the FE–                                         Agreement No.: 201253.
                                              burdens of the information collections,                       USWC trade and the amount of space to                                       Title: Marine Terminal Services
                                              including the validity of the                                 be chartered in the FE–USEC trade.                                       Agreement between Port of Houston
                                              methodology and assumptions used; (c)                         Finally, it reflects an increase in the                                  Authority and Hapag-Lloyd AG.
                                              ways to enhance the quality, utility, and                     number and size of vessels to be                                            Parties: Port of Houston Authority
                                              clarity of the information to be                              operated by HMM.                                                         and Hapag-Lloyd AG.
                                              collected; and (d) ways to minimize the                          Agreement No.: 012476–001.                                               Filing Party: Chasless Yancy; Port of
                                              burden of the collections of information                         Title: Maersk/HLAG/CMA CGM                                            Houston Authority; 111 East Loop
                                              on respondents, including through the                         ECUS–WCSA Slot Charter Agreement.                                        North; Houston, TX 77029.
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                                              use of automated collection techniques                           Parties: Maersk Line A/S, Hapag-                                         Synopsis: The Agreement sets forth
                                              or other forms of information                                 Lloyd AG, and CMA CGM S.A.                                               certain discounted rates and charges
                                              technology. All comments will become                             Filing Party: Wayne Rohde; Cozen                                      applicable to Hapag-Lloyd’s container
                                              a matter of public record.                                    O’Connor; 1200 19th Street NW,                                           vessels calling at the Port of Houston
                                                                                                            Washington, DC 20036.                                                    Authority’s Barbours Cut and Bayport
                                                4 12   CFR 324.100(b)(1).                                      Synopsis: The amendment deletes                                       Container Terminals. Hapag Lloyd
                                                5 12   CFR 324.10(c), 324.172(d), and 324.173.              Hamburg Sudamerkanische                                                  (America) LLC is the authorized agent


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Document Created: 2018-05-25 02:12:54
Document Modified: 2018-05-25 02:12:54
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
ActionNotice and request for comment.
DatesComments must be submitted on or before July 24, 2018.
ContactManny Cabeza, Counsel, 202-898-3767, [email protected], MB-3007, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429.
FR Citation83 FR 24306 

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