83 FR 56148 - Agency Information Collection Activities: Information Collection Renewal; Comment Request; Market Risk
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 83, Issue 218 (November 9, 2018)
Office of the Comptroller of the Currency
Federal Register Volume 83, Issue 218 (November 9, 2018)
| Page Range | 56148-56150 | |
| FR Document | 2018-24494 |
[Federal Register Volume 83, Number 218 (Friday, November 9, 2018)] [Notices] [Pages 56148-56150] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-24494] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; Market Risk 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, ``Market Risk.'' DATES: You should submit written comments by: January 8, 2019. ADDRESSES: Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods:Email: [email protected]. Mail: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0247, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, Washington, DC 20219. Fax: (571) 465-4326. Instructions: You must include ``OCC'' as the agency name and ``1557-00247'' in your comment. In general, the OCC will publish them on www.reginfo.gov without change, including any business or personal information that you provide, such as name and address information, email addresses, or phone numbers. 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. You may review comments and other related materials that pertain to this information collection beginning on the [[Page 56149]] date of publication of the second notice for this collection \1\ by any of the following methods: --------------------------------------------------------------------------- \1\ Following the close of the 60-Day comment period for this notice, the OCC will publish a notice for 30 days of comment for this collection. --------------------------------------------------------------------------- Viewing Comments Electronically: Go to www.reginfo.gov. Click on the ``Information Collection Review'' tab. Underneath the ``Currently under Review'' section heading, from the drop-down menu, select ``Department of Treasury'' and then click ``submit''. This information collection can be located by searching by OMB control number ``1557-0247'' or ``Market Risk.'' Upon finding the appropriate information collection, click on the related ``ICR Reference Number.'' On the next screen, select ``View Supporting Statement and Other Documents'' and then click on the link to any comment listed at the bottom of the screen. For assistance in navigating www.reginfo.gov, please contact the Regulatory Information Service Center at (202) 482-7340. Viewing Comments Personally: You may personally inspect comments at the OCC, 400 7th Street, SW, Washington, DC. 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 comments. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, (202) 649-5490, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), federal agencies must obtain approval from the 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. Section 3506(c)(2)(A) of title 44 requires federal agencies to provide a 60-day notice in the Federal Register concerning each proposed collection of information, including each renewal of an existing collection of information, before submitting the collection to OMB for approval. To comply with this requirement, the OCC is publishing notice of the renewal of the collection of information set forth in this document. Title: Market Risk. OMB Control No.: 1557-0247. Description: The Office of the Comptroller of the Currency's (OCC) market risk capital rules (12 CFR part 3, subpart F) apply to national banks and federal savings associations with significant exposure to market risk, which include those national banks and federal savings associations with aggregate trading assets and trading liabilities (as reported in the national bank's or federal savings association's most recent Call Report) equal to 10 percent or more of quarter-end total assets or $1 billion or more. The rules capture positions for which the market risk capital rules are appropriate; reduce procyclicality in market risk capital requirements; enhance the risk sensitivity of the OCC's capital requirements by measuring risks that are not adequately captured under the requirements for credit risk; and increase transparency through enhanced disclosures. The information collection requirements are located at 12 CFR 3.203 through 3.212. The rules enhance risk sensitivity and include requirements for the public disclosure of certain qualitative and quantitative information about the market risk of national banks and federal savings associations. The collection of information is necessary to ensure capital adequacy appropriate for the level of market risk. Section 3.203 sets forth the requirements for applying the market risk framework. Section 3.203(a)(1) requires national banks and federal savings associations to have clearly defined policies and procedures for determining which trading assets and trading liabilities are trading positions and specifies the factors a national bank or federal savings association must take into account in drafting those policies and procedures. Section 3.203(a)(2) requires national banks and federal savings associations to have clearly defined trading and hedging strategies for trading positions that are approved by senior management and specifies what those strategies must articulate. Section 3.203(b)(1) requires national banks and federal savings associations to have clearly defined policies and procedures for actively managing all covered positions and specifies the minimum requirements for those policies and procedures. Sections 3.203(c)(4) through 3.203(c)(10) require the review, at least annually, of internal models and specify certain requirements for those models. Section 3.203(d)(4) requires the internal audit group of a national bank or federal savings association to report, at least annually, to the board of directors on the effectiveness of controls supporting the market risk measurement systems. Section 3.204(b) requires national banks and federal savings associations to conduct quarterly backtesting. Section 3.205(a)(5) requires institutions to demonstrate to the OCC the appropriateness of proxies used to capture risks within value-at-risk models. Section 3.205(c) requires institutions to develop, retain, and make available to the OCC value-at-risk and profit and loss information on sub- portfolios for two years. Section 3.206(b)(3) requires national banks and federal savings associations to have policies and procedures that describe how they determine the period of significant financial stress used to calculate the institution's stressed value-at-risk models and to obtain prior OCC approval for any material changes to these policies and procedures. Section 3.207(b)(1) details requirements applicable to a national bank or federal savings association when the national bank or federal savings association uses internal models to measure the specific risk of certain covered positions. Section 3.208 requires national banks and federal savings associations to obtain prior written OCC approval for incremental risk modeling. Section 3.209(a) requires prior OCC approval for the use of a comprehensive risk measure. Section 3.209(c)(2) requires national banks and federal savings associations to retain and report the results of supervisory stress testing. Section 3.210(f)(2)(i) requires national banks and federal savings associations to document an internal analysis of the risk characteristics of each securitization position in order to demonstrate an understanding of the position. Section 3.212 requires quarterly quantitative disclosures, annual qualitative disclosures, and a formal disclosure policy approved by the board of directors that addresses the approach for determining the market risk disclosures it makes. Type of Review: Extension of a currently approved collection. Affected Public: Individuals; Businesses or other for-profit. Number of Respondents: 12. Estimated Burden per Respondent: 1,964 hours. Total Estimated Annual Burden: 25,568 hours. Comments submitted in response to this notice will be summarized, [[Page 56150]] included in the request for OMB approval, and become a matter of public record. Comments are 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 burden of the collection of information; (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: November 5, 2018. Theodore J. Dowd, Deputy Chief Counsel, Comptroller of the Currency. [FR Doc. 2018-24494 Filed 11-8-18; 8:45 am] BILLING CODE 4810-33-P
![56148 Federal Register / Vol. 83, No. 218 / Friday, November 9, 2018 / Notices
Avenue SE, Room W23–453, new submissions and supporting DEPARTMENT OF THE TREASURY
Washington, DC 20590. Telephone 202– material.
366–9309, Email Bianca.carr@dot.gov. Office of the Comptroller of the
Will my comments be made available to Currency
SUPPLEMENTARY INFORMATION: As
described by the applicant the intended the public?
service of the vessel HARLEY G is: Agency Information Collection
Yes. Be aware that your entire Activities: Information Collection
—Intended Commercial Use of Vessel: comment, including your personal Renewal; Comment Request; Market
Private Vessel Charters, Passengers identifying information, will be made Risk
Only. Crewed private Passenger publicly available.
private charter for domestic coastline AGENCY: Office of the Comptroller of the
travel. Vessel will also be used May I submit comments confidentially? Currency (OCC), Treasury.
commercially for television ACTION: Notice and request for
commercials and/or movies. 50% of If you wish to submit comments
under a claim of confidentiality, you comment.
the time, the vessel does not leave the
slip, is used for background shots should submit three copies of your SUMMARY: The OCC, as part of its
—Geographic Region Including Base of complete submission, including the continuing effort to reduce paperwork
Operations: ‘‘California, Washington, information you claim to be confidential and respondent burden, invites the
Oregon, and Alaska (excluding waters business information, to the Department general public and other federal
in Southeast Alaska)’’ (Base of of Transportation, Maritime agencies to take this opportunity to
Operations: San Pedro, CA) Administration, Office of Legislation comment on a continuing information
—Vessel Length and Type: 97′.1″ Tri- and Regulations, MAR–225, W24–220, collection, as required by the Paperwork
deck Motor vessel 1200 New Jersey Avenue SE, Reduction Act of 1995 (PRA).
The complete application is available Washington, DC 20590. Include a cover In accordance with the requirements
for review identified in the DOT docket letter setting forth with specificity the of the PRA, the OCC may not conduct
as MARAD–2018–0163 at http:// basis for any such claim and, if possible, or sponsor, and the respondent is not
www.regulations.gov. Interested parties a summary of your submission that can required to respond to, an information
may comment on the effect this action be made available to the public. collection unless it displays a currently
may have on U.S. vessel builders or valid Office of Management and Budget
businesses in the U.S. that use U.S.-flag Privacy Act (OMB) control number. The OCC is
vessels. If MARAD determines, in soliciting comment concerning the
In accordance with 5 U.S.C. 553(c), renewal of its information collection
accordance with 46 U.S.C. 12121 and
MARAD’s regulations at 46 CFR part DOT solicits comments from the public titled, ‘‘Market Risk.’’
388, that the issuance of the waiver will to better inform its rulemaking process.
DATES: You should submit written
have an unduly adverse effect on a U.S.- DOT posts these comments, without comments by: January 8, 2019.
vessel builder or a business that uses edit, to www.regulations.gov, as
ADDRESSES: Commenters are encouraged
U.S.-flag vessels in that business, a described in the system of records
to submit comments by email, if
waiver will not be granted. Comments notice, DOT/ALL–14 FDMS, accessible
possible. You may submit comments by
should refer to the vessel name, state the through www.dot.gov/privacy. To any of the following methods:
commenter’s interest in the waiver facilitate comment tracking and • Email: prainfo@occ.treas.gov.
application, and address the waiver response, we encourage commenters to • Mail: Legislative and Regulatory
criteria given in section 388.4 of provide their name, or the name of their Activities Division, Office of the
MARAD’s regulations at 46 CFR part organization; however, submission of Comptroller of the Currency, Attention:
388. names is completely optional. Whether 1557–0247, 400 7th Street SW, Suite
Public Participation or not commenters identify themselves, 3E–218, Washington, DC 20219.
all timely comments will be fully • Hand Delivery/Courier: 400 7th
How do I submit comments? considered. If you wish to provide Street SW, Suite 3E–218, Washington,
Please submit your comments, comments containing proprietary or DC 20219.
including the attachments, following the confidential information, please contact • Fax: (571) 465–4326.
instructions provided under the above the agency for alternate submission Instructions: You must include
heading entitled ADDRESSES. Be advised instructions. ‘‘OCC’’ as the agency name and ‘‘1557–
that it may take a few hours or even 00247’’ in your comment. In general, the
(Authority: 49 CFR 1.93(a), 46 U.S.C. 55103,
days for your comment to be reflected OCC will publish them on
46 U.S.C. 12121)
on the docket. In addition, your www.reginfo.gov without change,
comments must be written in English. * * * including any business or personal
We encourage you to provide concise information that you provide, such as
Dated: November 5, 2018. name and address information, email
comments and you may attach
additional documents as necessary. By Order of the Maritime Administrator. addresses, or phone numbers.
There is no limit on the length of the T. Mitchell Hudson, Jr., Comments received, including
attachments. Secretary, Maritime Administration. attachments and other supporting
[FR Doc. 2018–24507 Filed 11–8–18; 8:45 am] materials, are part of the public record
Where do I go to read public comments, and subject to public disclosure. Do not
khammond on DSK30JT082PROD with NOTICES
and find supporting information? BILLING CODE 4910–81–P
include any information in your
Go to the docket online at http:// comment or supporting materials that
www.regulations.gov, keyword search you consider confidential or
MARAD–2018–0163 or visit the Docket inappropriate for public disclosure.
Management Facility (see ADDRESSES for You may review comments and other
hours of operation). We recommend that related materials that pertain to this
you periodically check the Docket for information collection beginning on the
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![56150 Federal Register / Vol. 83, No. 218 / Friday, November 9, 2018 / Notices
included in the request for OMB ADDRESSES: Commenters are encouraged appointment to inspect comments. You
approval, and become a matter of public to submit comments by email, if may do so by calling (202) 649–6700 or,
record. Comments are invited on: possible. You may submit comments by for persons who are deaf or hearing
(a) Whether the collection of any of the following methods: impaired, TTY, (202) 649–5597. Upon
information is necessary for the proper • Email: prainfo@occ.treas.gov. arrival, visitors will be required to
performance of the functions of the • Mail: Legislative and Regulatory present valid government-issued photo
OCC, including whether the information Activities Division, Office of the identification and submit to security
has practical utility; Comptroller of the Currency, Attention: screening in order to inspect comments.
(b) The accuracy of the OCC’s 1557–0220, 400 7th Street SW, Suite FOR FURTHER INFORMATION CONTACT:
estimate of the burden of the collection 3E–218, Washington, DC 20219. Shaquita Merritt, Clearance Officer,
of information; • Hand Delivery/Courier: 400 7th
(202) 649–5490 or, for persons who are
(c) Ways to enhance the quality, Street SW, Suite 3E–218, Washington,
deaf or hearing impaired, TTY, (202)
utility, and clarity of the information to DC 20219.
649–5597, Chief Counsel’s Office, Office
be collected; • Fax: (571) 465–4326.
of the Comptroller of the Currency, 400
(d) Ways to minimize the burden of Instructions: You must include
7th Street SW, Suite 3E–218,
the collection on respondents, including ‘‘OCC’’ as the agency name and ‘‘1557–
Washington, DC 20219.
through the use of automated collection 0220’’ in your comment. In general, the
OCC will publish comments on SUPPLEMENTARY INFORMATION: Under the
techniques or other forms of information
technology; and www.reginfo.gov without change, PRA (44 U.S.C. 3501–3520), federal
(e) Estimates of capital or start-up including any business or personal agencies must obtain approval from
costs and costs of operation, information that you provide, such as OMB for each collection of information
maintenance, and purchase of services name and address information, email they conduct or sponsor. ‘‘Collection of
to provide information. addresses, or phone numbers. information’’ is defined in 44 U.S.C.
Comments received, including 3502(3) and 5 CFR 1320.3(c) to include
Dated: November 5, 2018. attachments and other supporting agency requests or requirements that
Theodore J. Dowd, materials, are part of the public record members of the public submit reports,
Deputy Chief Counsel, Comptroller of the and subject to public disclosure. Do not keep records, or provide information to
Currency. include any information in your a third party. Section 3506(c)(2)(A) of
[FR Doc. 2018–24494 Filed 11–8–18; 8:45 am] comment or supporting materials that part 44 requires federal agencies to
BILLING CODE 4810–33–P you consider confidential or provide a 60-day notice in the Federal
inappropriate for public disclosure. Register concerning each proposed
You may review comments and other collection of information, including
DEPARTMENT OF THE TREASURY related materials that pertain to this each proposed extension of an existing
information collection beginning on the collection of information, before
Office of the Comptroller of the date of publication of the second notice submitting the collection to OMB for
Currency for this collection 1 by any of the approval. To comply with this
following methods: requirement, the OCC is publishing
Agency Information Collection
Activities: Information Collection • Viewing Comments Electronically: notice of the collection of information
Go to www.reginfo.gov. Click on the set forth in this document.
Renewal; Comment Request;
Consumer Protections for Depository ‘‘Information Collection Review’’ tab. Title: Consumer Protections for
Institution Sales of Insurance Underneath the ‘‘Currently under Depository Institution Sales of
Review’’ section heading, from the drop- Insurance.
AGENCY: Office of the Comptroller of the down menu, select ‘‘Department of OMB Control No.: 1557–0220.
Currency (OCC), Treasury. Treasury’’ and then click ‘‘submit.’’ This Type of Review: Extension, without
ACTION: Notice and request for comment. information collection can be located by revision, of a currently approved
searching by OMB control number collection.
SUMMARY: The OCC, as part of its ‘‘1557–0220’’ or ‘‘Consumer Protections
Description: This information
continuing effort to reduce paperwork for Depository Institution Sales of
collection is required under section 305
and respondent burden, invites the Insurance.’’ Upon finding the
of the Gramm-Leach-Bliley Act (GLB
general public and other federal appropriate information collection, click
Act), 12 U.S.C. 1831x. Section 305 of the
agencies to take this opportunity to on the related ‘‘ICR Reference Number.’’
GLB Act requires the OCC, the Board of
comment on a continuing information On the next screen, select ‘‘View
Governors of the Federal Reserve
collection as required by the Paperwork Supporting Statement and Other
System, and the Federal Deposit
Reduction Act of 1995 (PRA). Documents’’ and then click on the link
Insurance Corporation (collectively, the
In accordance with the requirements to any comment listed at the bottom of
Agencies) to prescribe joint consumer
of the PRA, the OCC may not conduct the screen.
protection regulations that apply to
or sponsor, and respondents are not • For assistance in navigating
retail sales practices, solicitations,
required to respond to, an information www.reginfo.gov, please contact the
advertising, and offers of any insurance
collection unless it displays a currently Regulatory Information Service Center
product by a depository institution or by
valid Office of Management and Budget at (202) 482–7340.
other persons performing these
(OMB) control number. • Viewing Comments Personally: You
activities at an office of the institution
khammond on DSK30JT082PROD with NOTICES
The OCC is soliciting comment may personally inspect comments at the
or on behalf of the institution (other
concerning renewal of its information OCC, 400 7th Street SW, Washington,
covered persons). Section 305 also
collection titled ‘‘Consumer Protections DC. For security reasons, the OCC
requires those performing such
for Depository Institution Sales of requires that visitors make an
activities to disclose certain information
Insurance.’’ to consumers (e.g., that insurance
1 Following the close of the 60-Day comment
DATES: Comments must be received by period for this notice, the OCC will publish a notice products and annuities are not FDIC-
January 8, 2019. for 30 days of comment for this collection. insured).
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Document Created: 2018-11-09 03:34:31
Document Modified: 2018-11-09 03:34:31
| 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: January 8, 2019. | |
| Contact | Shaquita Merritt, Clearance Officer, (202) 649-5490, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219. | |
| FR Citation | 83 FR 56148 |
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