Published Initial Federal Register Notice

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of completion of the activity or of its
termination before completion.
(c) Each person granted a specific
authorization shall inform DOE, in
writing within 30 days, when it is
known that the proposed activity will
not be undertaken and the granted
authorization will not be used.
(d) Each person, within 30 days after
beginning any generally authorized
activity under § 810.6, shall provide to
DOE:
(1) The name, address, and
citizenship of the person submitting the
report;
(2) The name, address, and
citizenship of the person for whom or
which the activity is being performed;
(3) A description of the activity, the
date it began, its location, status, and
anticipated date of completion; and
(4) An assurance that the applicant
has an agreement with the recipient
ensuring that any subsequent transfer of
materials, equipment, or technology
transferred under general authorization
to a country or territory with respect to
which the conditions in § 810.6 are not
met will take place only if the applicant
obtains DOE approval.
(e) Persons engaging in generally
authorized activities as employees of
persons required to report are not
themselves required to report.
(f) Persons engaging in activities
generally authorized under § 810.6(b)
are not subject to reporting requirements
under this section.
(g) DOE may require reports to
include such additional information
that may be required by applicable U.S.
law, regulation, or policy with respect to
the specific nuclear activity or country
for which specific authorization is
required.
(h) All reports should be sent to: U.S.
Department of Energy, National Nuclear
Security Administration, Washington,
DC 20585, Attention: Senior Policy
Advisor, Office of Nonproliferation and
International Security (NA 24).
§ 810.13

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Violations.

(a) The Atomic Energy Act provides
that:
(1) Permanent or temporary
injunctions or restraining orders may be
granted to prevent any person from
violating any provision of the Atomic
Energy Act or its implementing
regulations.
(2) Any person convicted of violating
or conspiring or attempting to violate

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§ 810.15

Effective date and savings clause.

Except for actions that may be taken
by DOE pursuant to § 810.10, the
regulations in this part do not affect the
validity or terms of any specific
authorizations granted under
regulations in effect before October 7,
2011 or generally authorized activities
under those regulations for which the
contracts, purchase orders, or licensing
arrangements were already in effect.
Persons engaging in activities that were
generally authorized under regulations
in effect before October 7, 2011, but that
require specific authorization under the
regulations in this part, must request
specific authorization by December 6,
2011 but may continue their activities
until DOE acts on the request.
[FR Doc. 2011–22679 Filed 9–6–11; 8:45 am]
BILLING CODE 6450–01–P

FEDERAL RESERVE SYSTEM
12 CFR Part 225
Capital Plans; Proposed Agency
Information Collection Activities:
Comment Request
Board of Governors of the
Federal Reserve System.
ACTION: Request for comments.
AGENCY:

On June 15, 1984, the Office
of Management and Budget (OMB)
delegated to the Board of Governors of
the Federal Reserve System (Board) its
approval authority under the Paperwork
Reduction Act (PRA), pursuant to its
regulations, to approve of and assign
OMB control numbers to collection of
information requests and requirements
conducted or sponsored by the Board
under conditions set forth in its
regulations. Board-approved collections
of information are incorporated into the
official OMB inventory of currently
approved collections of information.
Copies of the Paperwork Reduction Act
Submission, supporting statements and

SUMMARY:

Additional information.

DOE may at any time require a person
engaging in any generally or specifically
authorized activity to submit additional
information.
§ 810.14

any provision of section 57 of the
Atomic Energy Act may be fined up to
$10,000 or imprisoned up to 10 years,
or both. If the offense is committed with
intent to injure the United States or to
aid any foreign nation, the penalty
could be up to life imprisonment and a
$20,000 fine.
(b) Title 18 of the United States Code,
section 1001, provides that persons
convicted of willfully falsifying,
concealing, or covering up a material
fact or making false, fictitious or
fraudulent statements or representations
may be fined up to $10,000 or
imprisoned up to five years, or both.

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approved collection of information
instruments are placed into OMB’s
public docket files. The Federal Reserve
may not conduct or sponsor, and the
respondent is not required to respond
to, an information collection that has
been extended, revised, or implemented
on or after October 1, 1995, unless it
displays a currently valid OMB control
number.
DATES: Comments must be submitted on
or before November 7, 2011.
ADDRESSES: You may submit comments,
identified by FR Y–14A and FR Y–14Q,
by any of the following methods:
• Agency Web Site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at
http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• E-mail:
[email protected].
Include docket number in the subject
line of the message.
• Fax: 202/452–3819 or 202/452–
3102.
• Mail: Jennifer J. Johnson, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue, NW., Washington,
DC 20551.
All public comments are available
from the Board’s Web site at http://
www.federalreserve.gov/generalinfo/
foia/ProposedRegs.cfm as submitted,
unless modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
contact information. Public comments
may also be viewed electronically or in
paper form in Room MP–500 of the
Board’s Martin Building (20th and C
Streets, NW.) between 9 a.m. and 5 p.m.
on weekdays.
Additionally, commenters should
send a copy of their comments to the
OMB Desk Officer by mail to the Office
of Information and Regulatory Affairs,
U.S. Office of Management and Budget,
New Executive Office Building, Room
10235, 725 17th Street, NW.,
Washington, DC 20503 or by fax to 202–
395–6974.
FOR FURTHER INFORMATION CONTACT: A
copy of the PRA OMB submission,
including the proposed reporting
schedules and instructions, supporting
statement, and other documentation
will be placed into OMB’s public docket
files, once approved. These documents
will also be made available on the
Federal Reserve Board’s public Web site
at: http://www.federalreserve.gov/
boarddocs/reportforms/review.cfm or
may be requested from the agency

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clearance officer, whose name appears
below.
Cynthia Ayouch, Federal Reserve
Board Clearance Officer (202–452–
3829), Division of Research and
Statistics, Board of Governors of the
Federal Reserve System, Washington,
DC 20551. Telecommunications Device
for the Deaf (TDD) users may contact
(202–263–4869), Board of Governors of
the Federal Reserve System,
Washington, DC 20551.
SUPPLEMENTARY INFORMATION:
The Office of Management and Budget
(OMB) delegated to the Board of
Governors of the Federal Reserve
System (Board) its approval authority
under the Paperwork Reduction Act
(PRA), pursuant to 5 CFR 1320.16, to
approve of and assign OMB control
numbers to collection of information
requests and requirements conducted or
sponsored by the Board under
conditions set forth in 5 CFR 1320
Appendix A.1.

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Request for Comment on Information
Collection Proposal
The following information collection,
which is being handled under this
delegated authority, has received initial
Board approval and is hereby published
for comment. At the end of the comment
period, the proposed information
collection, along with an analysis of
comments and recommendations
received, will be submitted to the Board
for final approval under OMB delegated
authority. Comments are invited on the
following:
a. Whether the proposed collection of
information is necessary for the proper
performance of the Federal Reserve’s
functions; including whether the
information has practical utility;
b. The accuracy of the Federal
Reserve’s estimate of the burden of the
proposed information collection,
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
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology.
Proposal to approve under OMB
delegated authority the implementation
of the following reports:
Report title: Capital Assessments and
Stress Testing.
Agency form number: FR Y–14A and
FR Y–14Q.
OMB control number: 7100- to be
assigned.
Frequency: Annual and Quarterly.

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Reporters: Large domestic bank
holding companies (BHCs), that
participated in the 2009 Supervisory
Capital Assessment Program (SCAP)
exercise.
Estimated annual reporting hours: FR
Y–14A: Summary, 15,580 hours; Macro
scenario, 589 hours; Counterparty credit
risk (CCR), 2,292 hours; Basel III, 380
hours; and Regulatory capital
instruments, 380 hours. FR Y–14 Q:
Securities risk, 760 hours; Retail risk,
431,908 hours; Pre-provision net
revenue (PPNR), 47,500 hours;
Wholesale corporate loans, 3,840 hours;
Wholesale commercial real estate (CRE)
loans, 4,560 hours; Trading, private
equity, and other fair value assets
(Trading risk), 41,280 hours; Basel III,
1,520 hours; and Regulatory capital
instruments, 3,040 hours.
Estimated average hours per response:
FR Y–14A: Summary, 820 hours; Macro
scenario, 31 hours; CCR, 382 hours;
Basel III, 20 hours; and Regulatory
capital instruments, 20 hours. FR Y–14
Q: Securities risk, 10 hours; Retail risk,
5,683 hours; PPNR, 625 hours;
Wholesale corporate loans, 60 hours;
Wholesale CRE loans, 60 hours; Trading
risk, 1,720 hours; Basel III, 20 hours;
and Regulatory capital instruments,
40 hours.
Number of respondents: 19.
General description of report: The FR
Y–14A and Q are authorized by section
165 of the Dodd-Frank Act which
requires the Federal Reserve to ensure
that certain BHCs and nonbank financial
companies supervised by the Federal
Reserve are subject to enhanced riskbased and leverage standards in order to
mitigate risks to the financial stability of
the United States. 12 U.S.C. 5365.
Additionally, Section 5 of the BHC Act
authorizes the Board to issue regulations
and conduct information collections
with regard to the supervision of BHCs.
12 U.S.C. 1844.
As these data will be collected as part
of the supervisory process, such
information may be afforded
confidential treatment under exemption
8 of the Freedom of Information Act. 5
U.S.C. 552(b)(8). In addition,
commercial and financial information
contained in these information
collections may be exempt disclosure
under Exemption 4. 5 U.S.C. 552(b)(4).
Disclosure determinations would be
made on a case-by-case basis.
Abstract: During the years leading up
to the recent financial crisis, many
BHCs made significant distributions of
capital, in the form of stock repurchases
and dividends, without due
consideration of the effects that a
prolonged economic downturn could
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ability to continue to operate and
remain credit intermediaries during
times of economic and financial stress.
In 2009, the Board conducted the SCAP,
a ‘‘stress test’’ of 19 large, domestic
BHCs. The SCAP was focused on
identifying whether large BHCs had
capital sufficient to weather a moreadverse-than-anticipated economic
environment while maintaining their
capacity to lend. In early 2011, the
Federal Reserve continued its
supervisory evaluation of the resiliency
and capital adequacy processes of the
same 19 BHCs through the
Comprehensive Capital Analysis and
Review (CCAR 2011). The CCAR 2011
involved the Federal Reserve’s forwardlooking evaluation of the internal
capital planning processes of the BHCs
and their anticipated capital actions in
2011, such as increasing dividend
payments or repurchasing or redeeming
stock.
On June 17, 2011, the Federal Reserve
published a notice of proposed
rulemaking (the capital plan rule) in the
Federal Register for public comment (76
FR 35351) that would revise the Board’s
Regulation Y to require large BHCs to
submit capital plans to the Federal
Reserve annually and to require such
BHCs to provide prior notice to the
Federal Reserve under certain
circumstances before making a capital
distribution. (The public comment
period for the capital plan rule ended on
August 5, 2011.) In connection with
submissions of capital plans to the
Federal Reserve, BHCs would be
required, pursuant to proposed section
225.8(d)(3), to provide certain data to
the Federal Reserve. At the time of the
proposed rule, the Federal Reserve did
not have sufficient detail about the data
to be submitted by the BHCs under
proposed § 225.8(d)(3). For this reason,
the Federal Reserve is putting forth this
proposal to collect the data to support
the ongoing CCAR exercise, which
would fulfill the data collection
contemplated under proposed
§ 225.8(d)(3).
The FR Y–14A would collect annually
BHCs’ quantitative projections of
balance sheet, income, losses, and
capital across a range of macroeconomic
scenarios and qualitative information on
methodologies used to develop internal
projections of capital across scenarios.
One or more of the scenarios would
include a market shock that the BHCs
would assume when making trading and
counterparty loss projections. The FR
Y–14Q would collect granular data on
BHCs’ various asset classes and PPNR
for the reporting period, which would
be used to support supervisory stress
test models and for continuous

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monitoring efforts, on a quarterly basis.
These data would be used to assess the
capital adequacy of large BHCs using
forward-looking projections of revenue
and losses. In addition, these data
would be used to help inform the
Federal Reserve’s operational decision
making as the agency moves ahead with
implementing the Capital Plan
rulemaking.
Under section 165 of the Dodd-Frank
Wall Street Reform and Consumer
Protection Act of 2010 (Dodd-Frank
Act), the Federal Reserve is required to
issue regulations relating to stress
testing (DFAST) for certain bank
holding companies and nonbank
financial companies supervised by the
Board. It is expected that any reporting
requirements associated with DFAST
would be incorporated into the new FR
Y–14 information collection.
Current Actions: The Federal Reserve
proposes to implement the FR Y–14A
and FR Y–14Q. All respondent BHCs
would be required to submit both
quarterly and annual schedules for third
quarter data. These BHCs would be
required to complete the FR Y–14A
(including the Summary, Macro
Scenario, CCR, Basel III, and Regulatory
Capital Instruments data schedules) and
the FR Y–14Q (including the Securities
Risk, Retail Risk, PPNR, Wholesale Risk,
Trading, Basel III, and Regulatory
Capital Instruments data schedules).
While there are more than 20
proposed schedules spanning eight risk
types, the number of schedules each
BHC would complete would be subject
to materiality thresholds. All 19 BHCs
would submit the PPNR schedule. BHCs
subject to the Board’s advanced
approaches risk-based capital rules (12
CFR part 225, Appendix G) would
submit the Operational Risk schedule.
The six firms that were subject to the
market shock scenario in CCAR 2011
would submit the Trading and CCR
schedules. For all other annual and
quarterly schedules that would be
subject to materiality thresholds,
material portfolios would be defined as
those with asset balances greater than $5
billion or asset balances relative to Tier
1 capital greater than 5 percent on
average for the four quarters preceding
the reporting quarter.
For supervisory estimates to support
CCAR, the Federal Reserve would assign
losses to immaterial portfolios in a
manner consistent with the given
scenario.
Draft Excel spreadsheets that illustrate
the type of data schedules the Federal
Reserve is developing are available on
the Federal Reserve Board’s public Web
site at: http://www.federalreserve.gov/
boarddocs/reportforms/review.cfm

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FR Y–14A (Annual Collection)
The annual collection of BHCs’
quantitative projected regulatory capital
ratios across a range of scenarios
consists of the following five primary
schedules, each with multiple
supporting worksheets. The FR Y–14A
would also mandate the Federal Reserve
to collect qualitative information
describing the methodologies used to
develop internal projections of capital
across scenarios.
Summary Schedule
The Summary schedule has been
designed to collect information
necessary for the Federal Reserve to
evaluate projections of regulatory
capital ratios across a range of scenarios
as part of the broader CCAR initiative.
This information would include
projections of losses, revenues, and
capital actions that are the primary
determinants of projected capital ratios.
By collecting these data, along with
other qualitative information, the
Federal Reserve would be able to assess
the appropriateness and robustness of
the methodologies used by the BHCs
and to identify areas where
improvements are necessary. This is a
critical part of a forward-looking
evaluation of a BHC’s capital adequacy.
The Summary schedule would consist
of three primary components—income
statement projections, balance sheet
projections, and capital-related
projections. There are also a number of
worksheets for the BHCs to project
various data items, including chargeoffs, gains or losses related to trading
activities and counterparty positions,
gains or losses on securities, and preprovision net revenue. The complete
Summary schedule would be submitted
for each scenario evaluated by the BHC
and would include nine quarters of
projections.
The Income Statement worksheet
would collect data on quarterly
projections of losses and revenues. This
is organized similar to, but not identical
to, the mandatory Consolidated
Financial Statements for Bank Holding
Companies (FR Y–9C; OMB No. 7100–
0128). For example, BHCs would report
estimates of losses for all categories of
loans, securities and trading assets and
would include estimates of the
components of BHC revenue. In
addition, this worksheet would collect
certain tax-related data items. The
Balance Sheet worksheet would collect
data on quarterly projections of the BHC
balance sheet, which includes
components of assets, liabilities, and
equity capital. The Capital worksheet
would collect data on quarterly

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projections of equity capital and
regulatory capital. In addition, this
worksheet would also collect
projections of capital actions such as:
common dividends and share
repurchases that affect a BHC’s equity
capital, projections of the filters and
deductions necessary to estimate
regulatory capital, ancillary data on
other balance sheet items and riskweighted assets, supporting data
necessary to estimate the effect of the
deferred tax asset on regulatory capital,
and supporting data related to
discretionary capital actions.
The Summary schedule would also
collect separate projection data
worksheets related to various
components of the income statement,
including charge-offs on various loan
portfolios, gains or losses related to
trading activities and counterparty
positions, gains or losses on securities,
operational risk, and PPNR.
The Retail Risk worksheet would
collect expected losses on the respective
portfolios. The Operational Risk
worksheets would collect the BHC’s
projections for operational losses.
Additional detail would be requested on
translating historical loss experience
into operational loss projections and on
any budgeting processes used to project
operational losses. The Trading Risk
and CCR worksheets would contain
projected losses associated with a
market shock.
There would be multiple worksheets
related to Available-for-Sale (AFS) and
Held-to-Maturity (HTM) securities
(Securities Risk worksheets). The
worksheets would request data and
information such as: projected otherthan-temporary impairment (OTTI) by
asset class for each quarter of the
forecast time horizon; methodologies
and assumptions used to generate the
OTTI projections for each asset class;
projected stressed fair market value
(FMV) for each asset class as well as
qualitative information on the
methodologies and assumptions used to
generate the stressed market value; and
actual FMVs such as the source (vendor
or proprietary) as well as key
assumptions used for determining
market values (if using a proprietary
model).
The PPNR worksheets would collect
data related to projected net interest
income and noninterest revenues and
expenses under the relevant scenario.
This would include projections of
balances of interest-bearing assets and
liabilities and the associated interest
income and expense for each line item;
noninterest income related to loan
origination, servicing, advisory services,
trading commissions and fees;

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noninterest expense related to
compensation, occupancy, and services;
and other relevant line items.
Along with the Summary schedule,
each BHC would be required to respond
to a qualitative questionnaire or submit
a comprehensive document explaining
the methods used to develop the
projections included in each of the
Summary worksheets. The document
should include information about how
the BHC translated the macroeconomic
scenarios into the various projections,
including detailed descriptions of any
models used. The BHCs would also be
required to provide a reconciliation of
their reported data with the data they
report in their publicly available
regulatory filings.
Macro Scenario Schedule
The Macro Scenario schedule would
collect the economic variables used in
the BHC-defined macroeconomic
scenarios underlying the projections of
loss, revenue, and capital. The schedule
would include worksheets for the BHC
baseline scenario, the BHC stress
scenario, and any additional scenarios
beyond the baseline and stressed
scenarios, as well as a worksheet for
collecting the scenario variable
definitions (variable name and
definition for each of the scenario
worksheets). The variable definitions
should include the units of measure (for
example, percentage points and billions
of dollars) and the frequency of the
variable (for example, quarterly average
if it is produced monthly or more often).
The scenario worksheets would collect
the variable name (as provided on the
definition worksheet), the actual value
of the variable during the 3rd quarter of
the reporting year, and the projected
value of the variable for nine future
quarters.
Each BHC would be required to
document the methods used to generate
the scenarios. If the BHC uses a scenario
generated by a third party, at a
minimum the following should be
documented: name of the vendor, date
that the scenario was generated (if
known), and any changes that the BHC
made to the scenario. If the BHC
generates the scenario, the
documentation should include a
detailed description of any models used
and how the BHC adjusted the models
to produce the various scenarios.
CCR Schedule
The CCR schedule would collect from
each BHC information to identify credit
valuation adjustment (CVA), exposures,
and CVA sensitivities for their top
counterparties along a number of
dimensions, including current CVA,

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stressed CVA, net current exposure, and
gross current exposure. BHCs would
also submit aggregate CVA, exposures,
and CVA sensitivities by ratings
categories.
Basel III Schedule
Based on the Basel III framework that
was promulgated by the Basel
Committee on Bank Supervision, the
Basel III schedule would collect annual
forecasts of Tier 1 Common, Tier 1
Capital, Risk-Weighted Assets (RWA),
and Leverage Exposures (along with
granular components of those elements)
through year-end 2013 (or the year by
which the BHC plans to meet Basel III
target capital ratios, if later than 2013)
under a baseline scenario. Finally, BHCs
would be required to submit the effect
on Basel III measurements of any
significant planned actions to be taken
in response to Basel III and the DoddFrank Act (for example, asset sales, asset
wind-downs, and data collection and
modeling enhancements).
Regulatory Capital Instruments
Schedule
The Regulatory Capital Instruments
schedule would collect CUSIP-level 1
contractual terms of the BHC’s
regulatory capital instruments, as
defined under the Board’s current
regulatory capital rules for BHCs (12
CFR part 225, Appendices A, E, and G).
The data collected would support future
analyses and coordinated responses to
future proposed capital actions. BHCs
would provide a detailed inventory of
their regulatory capital instruments as of
the data collection date and provide
details on instruments they project to
redeem or issue over a 9-quarter period.
FR Y–14Q (Quarterly Collection)
Securities Risk Schedule
The Securities Risk schedule would
gather CUSIP-level and summary-level
information on all positions in a BHC’s
AFS and HTM portfolios. The CUSIPlevel position schedule would request
such data as the amortized cost, market
value, current face value, and original
face value of each position.
Retail Risk Schedule
The Retail Risk schedule would
collect information about the
distribution of risk in retail portfolios
across segments. Retail risk would be
divided into four major categories:
residential, credit card, automobile, and
1 CUSIP refers to the Committee on Uniform
Security Identification Procedures. This 9-character
alphanumeric code identifies any North American
security for the purposes of facilitating clearing and
settlement of trades.

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other consumer. For residential, credit
card, and other consumer, separate
retail risk schedules are proposed for
the different product types within each
of the major categories. For all major
categories, separate segmentation
schemes would be used for domestic
and international loans. Residential
would be divided into first lien
mortgages, home equity lines of credit,
and home equity loans; credit card
would be split between bank and charge
cards, and small business and corporate
cards; and student loans would be split
from the other consumer category.
Within each broad product-type
segment, the portfolio would be broken
into a number of buckets that embody
unique risk characteristics.
The modular product-type design of
the Retail Risk schedules allows for a
targeted collection of information from
only the BHCs that have material
portfolios in a given product area. This
design feature is intended to limit
burden while maximizing the
supervisory information yielded from
the collection.
The Federal Reserve requests
comment on the following:
a. The effects on burden should the
Federal Reserve decide to move from
collecting segment-level data to
collecting loan-level data for a select
number of Retail Risk portfolios.
PPNR Schedule
For the PPNR schedule, each BHC
would provide relevant historical data
for their PPNR. PPNR is composed of
three major components: net interest
income, non-interest income, and noninterest expense. For both net interest
income and non-interest income, BHCs
would submit data based on a business
line breakdown. Collection of these data
in this format is based on the
assumption that the revenues generated
by different business lines react
differently under varying scenarios and
such a view would facilitate a more
robust analysis of the resulting
projections. BHCs would provide
historical data for the first submission
and quarterly revisions thereafter.
Wholesale Risk Schedule
For the Wholesale Risk schedule, each
BHC would provide wholesale loan
portfolio data that comprise the
corporate loan and CRE loan portfolios.
These data would provide critical
information on the performance of the
loan portfolios in order to be used to
develop stress test loss estimates and
other analytical purposes. Given the
distinct characteristics of each portfolio,
these data would be collected under two
data schedules.

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For the corporate loan portfolio, the
BHC would provide loan-level
information about the characteristics of
credit exposures (for example, legally
binding loan commitments or credit
facilities). The collection would include
corporate loans, held at the BHC level,
to both domestic and foreign borrowers.
For purposes of this collection,
applicable corporate loan portfolios
include loans to large corporations,
small businesses (excluding scored or
delinquency managed small business
loans for which a commercial internal
rating is not used), foreign governments,
depository and non depository financial
institutions, agriculture loans, as well as
other loans such as loans for purchasing
or carrying securities and all other
commercial loans and leases as defined
by the FR Y–9C. Data items would
include borrower name (individuals’
names would not be collected), loan
amount, loan type, maturity and
internal risk rating.
For the CRE loan portfolios, the BHC
would provide loan-level information
about the characteristics of credit
exposures for each CRE loan equal to or
greater than $1 million. For purposes of
this collection, applicable CRE loan
portfolios include 1–4 family residential
construction loans, other construction
and land development loans,
multifamily loans, non-farm or nonresidential loans, loans to finance CRE
but not secured by CRE, and
international CRE loans (for example,
non-domestic office loans), as each is
defined in the FR Y–9C. Given the
complexity of CRE portfolios, the data
would include loan information (for
example, borrower name [individuals’
names would not be collected], loan
amount, loan type, maturity and rating)
and property information (for example,
property type, net operating income,
property value, and occupancy).

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Trading Schedule
The worksheets that make up the
Trading schedule would capture
detailed information on the BHC’s profit
and loss (P/L) sensitivities to changes in
equity prices, foreign exchange rates,
interest rates, credit spreads, and
commodity prices. Information on the
trading book would be reported in the
form of various spot sensitivities, as
well as through multidimensional P/L
sensitivity grids for products that tend
to exhibit nonlinear P/L response to
underlying risk factors. The worksheets
in this schedule request information on
both the sector (industry) and
geographical compositions of exposures
to such assets. Additional data would be
collected for trading incremental default

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risk (IDR): Corporate and Sovereign
Credit, and Securitized Products.
Basel III Schedule
The proposed quarterly collection
would be a streamlined version of the
annual schedule and would collect
actual balances for Basel III Tier 1
Common, Tier 1 Capital, RWA, Leverage
Exposures (including some elements of
RWAs and Leverage Exposures, if
available), capital instruments
outstanding and proposed issuances and
redemptions. These data are not
available in regulatory reports, which
are prepared on a Basel I or Basel II
basis. Data collected would be
compared against the balance
projections provided annually to
monitor the path of each BHC’s
positions. For BHCs that submitted in
their annual filing planned actions to
meet Basel III targets, the Federal
Reserve would also request qualitative
responses regarding progress in
executing those actions. Combined with
the collected data, this information
would provide important insight into
each BHC’s Basel III preparedness and
feasibility of the projections and plans
submitted in the annual schedule.
Regulatory Capital Instruments
Schedule
The proposed quarterly collection
would ask BHCs to confirm the
execution of proposed redemptions and
issuances of specific instruments and
identify any deviations from the
projections submitted in the annual
schedule. The quarterly monitoring
effort would facilitate the maintenance
and updating of the centralized
Regulatory Capital Instruments data in
order to support future capital requests
and to produce horizontal and BHCspecific reports on the composition of
Tier 1 and Tier 2 capital.
FR Y–14A/Q Instructions
The reporting instructions, to the
extent appropriate, would use
definitions already included in the FR
Y–9C instructions, and total amounts
(for example, total AFS or HTM
securities), to the extent appropriate,
would agree with total amounts
reported on the FR Y–9C.
FR Y–14A Time Schedule. In 2011,
the Federal Reserve expects to distribute
schedules to the BHCs in late-November
and to receive the completed data by
early-January 2012. With the exception
of the trading and counterparty
collections, the data collected would be
reported as of September 30, 2011. Due
to the unique role that timing plays in
any market shock exercise, the annual
trading and CCR data would be

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collected as-of a specified date in the
3rd or 4th quarter. That as-of date would
be communicated to the BHCs after it
had occurred but before year-end.
Annually thereafter the Federal
Reserve expects to distribute schedules
to the BHCs during the fourth quarter
and to receive completed data by earlyJanuary the following year, beginning in
2013. With the exception of the trading
and counterparty collections, the data
collected would be as of September 30.
The as-of date for the trading and CCR
data would be during the 3rd or 4th
quarter. The as-of date would be
communicated to the BHCs after it had
occurred but before year-end.
FR Y–14Q Time Schedule. In 2011,
the Federal Reserve expects to distribute
schedules to the BHCs in late-November
and to receive the completed data by
mid-December 2011. With the exception
of the trading collection, the data
collected during this first submission
would be reported as of September 30,
2011. Similar to the annual collection,
as-of-date for the trading data would be
during the 3rd or 4th quarter.
Quarterly thereafter the Federal
Reserve expects to distribute schedules
to the BHCs and to receive completed
data on the same time schedule as the
FR Y–9C reported data (40 calendar
days after the calendar quarter-end for
March, June, and September and 45
calendar days after the calendar quarterend for December).
Beginning in 2012, the quarterly
Trading schedule as-of-date for the first,
second, and fourth quarters would be
the same as the as-of dates for the other
reported schedules. For the 3rd quarter,
the BHCs would be required to report
data as part of a market shock exercise.
Due to the nature of a shock exercise,
the Federal Reserve would
communicate to the BHCs the as-of-date
for trading data on a future date in the
3rd or 4th quarter. These data would be
due 40 calendar days after the calendar
quarter-end or 40 calendar days after the
notification date (notifying respondents
of the as-of-date), whichever comes
later.
Board of Governors of the Federal Reserve
System, September 1, 2011.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2011–22912 Filed 9–6–11; 8:45 am]
BILLING CODE 6210–01–P

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