83 FR 62671 - Agency Information Collection Activities; Information Collection Renewal; Comment Request; Funding and Liquidity Risk Management
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 83, Issue 233 (December 4, 2018)
Office of the Comptroller of the Currency
Federal Register Volume 83, Issue 233 (December 4, 2018)
| Page Range | 62671-62672 | |
| FR Document | 2018-26251 |
[Federal Register Volume 83, Number 233 (Tuesday, December 4, 2018)] [Notices] [Pages 62671-62672] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-26251] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities; Information Collection Renewal; Comment Request; Funding and Liquidity Risk Management AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on a continuing information collection as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and respondents are not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning renewal of its information collection titled, ``Funding and Liquidity Risk Management.'' DATES: Comments must be received by February 4, 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: 1557-0244, 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 ``1557-0244'' in your comment. In general, the OCC will publish comments on www.reginfo.gov without change, including any business or personal information provided, 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 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 ``1557-0244'' or ``Funding and Liquidity Risk Management.'' 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. [[Page 62672]] FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, (202) 649-5490 or, 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 OMB for each collection of information 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 proposed extension 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 collection of information set forth in this document. Title: Funding and Liquidity Risk Management. OMB Control No.: 1557-0244. Description: The Interagency Policy Statement on Funding and Liquidity Risk Management \2\ (Policy Statement) summarizes the principles of sound liquidity risk management that the federal banking agencies have issued in the past \3\ and, where appropriate, harmonizes these principles with the international statement issued by the Basel Committee on Banking Supervision titled ``Principles for Sound Liquidity Risk Management and Supervision.'' \4\ The Policy Statement describes supervisory expectations for all depository institutions including banks, savings associations, and credit unions. --------------------------------------------------------------------------- \2\ 75 FR 13656 (Mar. 22, 2010). \3\ For national banks and federal savings associations, see the Comptroller's Handbook on Liquidity. For state member banks and bank holding companies, see the Federal Reserve's Commercial Bank Examination Manual (section 4020), Bank Holding Company Supervision Manual (section 4010), and Trading and Capital Markets Activities Manual (section 2030). For state non-member banks, see the FDIC's Revised Examination Guidance for Liquidity and Funds Management (Trans. No. 2002-01) (Nov. 19, 2001), and Financial Institution Letter 84-2008, Liquidity Risk Management (August 2008). For federally insured credit unions, see Letter to Credit Unions No. 02- CU-05, Examination Program Liquidity Questionnaire (March 2002). \4\ Basel Committee on Banking Supervision, ``Principles for Sound Liquidity Risk Management and Supervision,'' September 2008. See www.bis.org/publ/bcbs144.htm. Federally insured credit unions are not directly referenced in the principles issued by the Basel Committee. --------------------------------------------------------------------------- Section 14 of the Policy Statement provides that financial institutions should consider liquidity costs, benefits, and risks in strategic planning and budgeting processes. Significant business activities should be evaluated for liquidity risk exposure as well as profitability. More complex and sophisticated financial institutions should incorporate liquidity costs, benefits, and risks in the internal product pricing, performance measurement, and new product approval process for all material business lines, products, and activities. Incorporating the cost of liquidity into these functions should align the risk-taking incentives of individual business lines with the liquidity risk exposure their activities create for the institution as a whole. The quantification and attribution of liquidity risks should be explicit and transparent at the line management level, and should include consideration of how liquidity would be affected under stressed conditions. Section 20 of the Policy Statement states that liquidity risk reports should provide aggregate information with sufficient supporting detail to enable management to assess the sensitivity of the institution to changes in market conditions, its own financial performance, and other important risk factors. Institutions also should report on the use and availability of government support, such as lending and guarantee programs, and implications on liquidity positions, particularly since these programs are generally temporary or reserved as a source for contingent funding. Type of Review: Regular. Affected Public: Businesses or other for-profit. Estimated Number of Respondents: 1,171. Frequency of Response: On occasion. Estimated Total Burden Hours: 84,464 hours. Comments: Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the information collections are necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC's estimate of the information collection burden; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of the services necessary to provide the required information. Dated: November 28, 2018. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2018-26251 Filed 12-3-18; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 83, No. 233 / Tuesday, December 4, 2018 / Notices 62671
Title: Leasing. including whether the information has Comptroller of the Currency, Attention:
OMB Control No.: 1557–0206. practical utility; 1557–0244, 400 7th Street SW, Suite
Description: Under 12 CFR 23.4(c), (b) The accuracy of the OCC’s 3E–218, Washington, DC 20219.
national banks must liquidate or re-lease estimates of the burden of the • Hand Delivery/Courier: 400 7th
property that is no longer subject to information collections, including the Street SW, Suite 3E–218, Washington,
lease (off-lease property) as soon as validity of the methodology and DC 20219.
practicable and not later than five years assumptions used; • Fax: (571) 465–4326.
from the date the bank acquires the legal (c) Ways to enhance the quality, Instructions: You must include
right to possess or control the property. utility, and clarity of the information to ‘‘OCC’’ as the agency name and ‘‘1557–
If a national bank wishes to extend the be collected; 0244’’ in your comment. In general, the
five-year holding period for up to an (d) Ways to minimize the burden of OCC will publish comments on
additional five years, it must obtain information collections on respondents, www.reginfo.gov without change,
OCC approval. Section 23.4(c) requires including through the use of automated including any business or personal
a national bank seeking an extension to collection techniques or other forms of information provided, such as name and
provide a clearly convincing information technology; and address information, email addresses, or
demonstration as to why any additional (e) Estimates of capital or start-up phone numbers. Comments received,
holding period is necessary. In addition, costs and costs of operation, including attachments and other
a national bank must value off-lease maintenance, and purchase of services supporting materials, are part of the
property at the lower of current fair to provide information. public record and subject to public
market value or book value promptly Dated: November 28, 2018. disclosure. Do not include any
after the property becomes off-lease Theodore J. Dowd, information in your comment or
property. Deputy Chief Counsel, Office of the
supporting materials that you consider
Under 12 CFR 23.6, leases are subject Comptroller of the Currency. confidential or inappropriate for public
to the lending limits prescribed by 12 disclosure.
[FR Doc. 2018–26252 Filed 12–3–18; 8:45 am]
U.S.C. 84, as implemented by 12 CFR You may review comments and other
BILLING CODE 4810–33–P
part 32, or, if the lessee is an affiliate of related materials that pertain to this
the national bank, to the restrictions on information collection beginning on the
transactions with affiliates prescribed by DEPARTMENT OF THE TREASURY date of publication of the second notice
12 U.S.C. 371c and 371c–1; Regulation for this collection 1 by any of the
W, 12 CFR part 223; and other limits or Office of the Comptroller of the following methods:
restrictions the OCC determines apply. Currency • Viewing Comments Electronically:
Twelve U.S.C. 24 contains two Go to www.reginfo.gov. Click on the
separate provisions authorizing a Agency Information Collection ‘‘Information Collection Review’’ tab.
national bank to acquire personal Activities; Information Collection Underneath the ‘‘Currently under
property for purposes of lease financing. Renewal; Comment Request; Funding Review’’ section heading, from the drop-
12 U.S.C. 24 (Seventh) authorizes leases and Liquidity Risk Management down menu, select ‘‘Department of
of personal property (Section 24 Treasury’’ and then click ‘‘submit.’’ This
(Seventh) Leases) if the lease is a AGENCY: Office of the Comptroller of the information collection can be located by
conforming lease as defined in 12 CFR Currency (OCC), Treasury. searching by OMB control number
23.2(d)(2) and represents a ACTION: Notice and request for comment. ‘‘1557–0244’’ or ‘‘Funding and Liquidity
noncancelable obligation of the lessee Risk Management.’’ Upon finding the
SUMMARY: The OCC, as part of its
(i.e., the lease serves as the functional appropriate information collection, click
continuing effort to reduce paperwork
equivalent of a loan). See 12 CFR 23.20. on the related ‘‘ICR Reference Number.’’
and respondent burden, invites the
A national bank also may acquire On the next screen, select ‘‘View
general public and other federal
personal property for purposes of lease Supporting Statement and Other
agencies to take this opportunity to
financing under the authority of 12 Documents’’ and then click on the link
comment on a continuing information
U.S.C. 24 (Tenth). Section 23.5 requires to any comment listed at the bottom of
collection as required by the Paperwork
that if a national bank enters into both the screen.
Reduction Act of 1995 (PRA).
types of leases, its records must In accordance with the requirements • For assistance in navigating
distinguish between the two types of of the PRA, the OCC may not conduct www.reginfo.gov, please contact the
leases. This information is required to or sponsor, and respondents are not Regulatory Information Service Center
establish that the national bank is required to respond to, an information at (202) 482–7340.
complying with the limitations and collection unless it displays a currently • Viewing Comments Personally: You
requirements applicable to the two valid Office of Management and Budget may personally inspect comments at the
separate types of leases. (OMB) control number. OCC, 400 7th Street SW, Washington,
Type of Review: Regular. The OCC is soliciting comment DC. For security reasons, the OCC
Affected Public: Businesses or other requires that visitors make an
concerning renewal of its information
for-profit. appointment to inspect comments. You
collection titled, ‘‘Funding and
Estimated Number of Respondents: may do so by calling (202) 649–6700 or,
Liquidity Risk Management.’’
229. for persons who are deaf or hearing
Frequency of Response: On occasion. DATES: Comments must be received by
impaired, TTY, (202) 649–5597. Upon
Estimated Total Annual Burden: 562. February 4, 2019.
arrival, visitors will be required to
Comments submitted in response to ADDRESSES: Commenters are encouraged present valid government-issued photo
this notice will be summarized and to submit comments by email, if identification and submit to security
included in the submission to OMB. possible. You may submit comments by screening in order to inspect comments.
Comments are requested on: any of the following methods:
(a) Whether the information • Email: prainfo@occ.treas.gov. 1 Following the close of the 60-day comment
collections are necessary for the proper • Mail: Legislative and Regulatory period for this notice, the OCC will publish a notice
performance of the OCC’s functions, Activities Division, Office of the for 30 days of comment for this collection.
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![62672 Federal Register / Vol. 83, No. 233 / Tuesday, December 4, 2018 / Notices
FOR FURTHER INFORMATION CONTACT: banks, savings associations, and credit (d) Ways to minimize the burden of
Shaquita Merritt, Clearance Officer, unions. information collections on respondents,
(202) 649–5490 or, for persons who are Section 14 of the Policy Statement including through the use of automated
deaf or hearing impaired, TTY, (202) provides that financial institutions collection techniques or other forms of
649–5597, Chief Counsel’s Office, Office should consider liquidity costs, benefits, information technology; and
of the Comptroller of the Currency, 400 and risks in strategic planning and (e) Estimates of capital or start-up
7th Street SW, Suite 3E–218, budgeting processes. Significant costs and costs of operation,
Washington, DC 20219. business activities should be evaluated maintenance, and purchase of the
SUPPLEMENTARY INFORMATION: Under the for liquidity risk exposure as well as services necessary to provide the
PRA (44 U.S.C. 3501–3520), federal profitability. More complex and required information.
agencies must obtain approval from sophisticated financial institutions Dated: November 28, 2018.
OMB for each collection of information should incorporate liquidity costs, Theodore J. Dowd,
they conduct or sponsor. ‘‘Collection of benefits, and risks in the internal
Deputy Chief Counsel, Office of the
information’’ is defined in 44 U.S.C. product pricing, performance Comptroller of the Currency.
3502(3) and 5 CFR 1320.3(c) to include measurement, and new product
[FR Doc. 2018–26251 Filed 12–3–18; 8:45 am]
agency requests or requirements that approval process for all material
BILLING CODE 4810–33–P
members of the public submit reports, business lines, products, and activities.
keep records, or provide information to Incorporating the cost of liquidity into
a third party. Section 3506(c)(2)(A) of these functions should align the risk- DEPARTMENT OF THE TREASURY
title 44 requires federal agencies to taking incentives of individual business
provide a 60-day notice in the Federal lines with the liquidity risk exposure Office of Foreign Assets Control
Register concerning each proposed their activities create for the institution
collection of information, including as a whole. The quantification and Notice of OFAC Sanctions Actions.
each proposed extension of an existing attribution of liquidity risks should be
AGENCY: Office of Foreign Assets
collection of information, before explicit and transparent at the line
Control, Treasury.
submitting the collection to OMB for management level, and should include
consideration of how liquidity would be ACTION: Notice.
approval. To comply with this
requirement, the OCC is publishing affected under stressed conditions. SUMMARY: The Department of the
notice of the collection of information Section 20 of the Policy Statement Treasury’s Office of Foreign Assets
set forth in this document. states that liquidity risk reports should Control (OFAC) is publishing the names
Title: Funding and Liquidity Risk provide aggregate information with of one or more persons that have been
Management. sufficient supporting detail to enable placed on OFAC’s Specially Designated
OMB Control No.: 1557–0244. management to assess the sensitivity of Nationals and Blocked Persons List
the institution to changes in market based on OFAC’s determination that one
Description: The Interagency Policy
conditions, its own financial or more applicable legal criteria were
Statement on Funding and Liquidity
performance, and other important risk satisfied. All property and interests in
Risk Management 2 (Policy Statement)
factors. Institutions also should report property subject to U.S. jurisdiction of
summarizes the principles of sound
on the use and availability of these persons are blocked, and U.S.
liquidity risk management that the
government support, such as lending persons are generally prohibited from
federal banking agencies have issued in
and guarantee programs, and engaging in transactions with them.
the past 3 and, where appropriate,
implications on liquidity positions,
harmonizes these principles with the DATES: See SUPPLEMENTARY INFORMATION
particularly since these programs are
international statement issued by the section for applicable date(s).
generally temporary or reserved as a
Basel Committee on Banking FOR FURTHER INFORMATION CONTACT:
source for contingent funding.
Supervision titled ‘‘Principles for Sound OFAC: Associate Director for Global
Type of Review: Regular.
Liquidity Risk Management and Affected Public: Businesses or other Targeting, tel.: 202–622–2420; Assistant
Supervision.’’ 4 The Policy Statement for-profit. Director for Licensing, tel.: 202–622–
describes supervisory expectations for Estimated Number of Respondents: 2480; Assistant Director for Regulatory
all depository institutions including 1,171. Affairs, tel.: 202–622–4855; Assistant
Frequency of Response: On occasion. Director for Sanctions Compliance &
2 75 FR 13656 (Mar. 22, 2010). Estimated Total Burden Hours: 84,464 Evaluation, tel.: 202–622–2490; or the
3 For national banks and federal savings hours. Department of the Treasury’s Office of
associations, see the Comptroller’s Handbook on Comments: Comments submitted in the General Counsel: Office of the Chief
Liquidity. For state member banks and bank holding
companies, see the Federal Reserve’s Commercial response to this notice will be Counsel (Foreign Assets Control), tel.:
Bank Examination Manual (section 4020), Bank summarized and included in the request 202–622–2410.
Holding Company Supervision Manual (section for OMB approval. All comments will SUPPLEMENTARY INFORMATION:
4010), and Trading and Capital Markets Activities become a matter of public record.
Manual (section 2030). For state non-member Electronic Availability
banks, see the FDIC’s Revised Examination Comments are invited on:
Guidance for Liquidity and Funds Management (a) Whether the information The Specially Designated Nationals
(Trans. No. 2002–01) (Nov. 19, 2001), and Financial collections are necessary for the proper and Blocked Persons List and additional
Institution Letter 84–2008, Liquidity Risk performance of the functions of the information concerning OFAC sanctions
Management (August 2008). For federally insured
credit unions, see Letter to Credit Unions No. 02–
OCC, including whether the information programs are available on OFAC’s
CU–05, Examination Program Liquidity has practical utility; website (www.treasury.gov/ofac).
Questionnaire (March 2002). (b) The accuracy of the OCC’s
4 Basel Committee on Banking Supervision,
estimate of the information collection Notice of OFAC Actions
‘‘Principles for Sound Liquidity Risk Management burden; On November 28, 2018, OFAC
and Supervision,’’ September 2008. See
www.bis.org/publ/bcbs144.htm. Federally insured
(c) Ways to enhance the quality, determined that the property and
credit unions are not directly referenced in the utility, and clarity of the information to interests in property subject to U.S.
principles issued by the Basel Committee. be collected; jurisdiction of the following persons are
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Document Created: 2018-12-04 00:43:08
Document Modified: 2018-12-04 00:43:08
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for comment. | |
| Dates | Comments must be received by February 4, 2019. | |
| Contact | Shaquita Merritt, Clearance Officer, (202) 649-5490 or, 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 62671 |
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