60-Day Federal Register Notice

77630

Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices

Receiver will be making a final dividend
payment to proven creditors.
Based upon the foregoing, the
Receiver has determined that the
continued existence of the receivership
will serve no useful purpose.
Consequently, notice is given that the
receivership shall be terminated, to be
effective no sooner than thirty days after
the date of this Notice. If any person
wishes to comment concerning the
termination of the receivership, such
comment must be made in writing and
sent within thirty days of the date of
this Notice to: Federal Deposit
Insurance Corporation, Division of
Resolutions and Receiverships,
Attention: Receivership Oversight
Department 32.1, 1601 Bryan Street,
Dallas, TX 75201.
No comments concerning the
termination of this receivership will be
considered which are not sent within
this time frame.
Dated: December 10, 2015.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015–31482 Filed 12–14–15; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewals; Comment Request (3064–
0046, 3064–0113, & 3064–0178)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

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.
Currently, the FDIC is soliciting
comment on the renewal of the
information collections described
below.
DATES: Comments must be submitted on
or before February 16, 2016.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• http://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: Gary A. Kuiper
(202.898.3877), Counsel, MB–3016 or

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SUMMARY:

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Manuel E. Cabeza (202.898.3767),
Counsel MB–3105, 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
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
relevant OMB control number. 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: Gary
A. Kuiper or Manuel E. Cabeza, at the
FDIC address above.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently-approved collections of
information:
1. Title: Home Mortgage Disclosure
Act.
OMB Number: 3064–0046.
Affected Public: Insured state
nonmember banks.
Frequency of Response: On occasion.
Estimated Number of Respondents:
2,575.
Estimated Number of Responses:
1,091,614.
Estimated Time per Response: 5
minutes.
Total Annual Burden: 90,967 hours.
General Description: To permit the
FDIC to detect discrimination in
residential mortgage lending, certain
insured state nonmember banks are
required by FDIC Regulation 12 CFR 338
to maintain various data on home loan
applicants.
2. Title: External Audits.
OMB Number: 3064–0113.
Form Numbers: None.
Frequency of Response: Annually.
Affected Public: All insured financial
institutions with total assets of $500
million or more and other insured
financial institutions with total assets of
less than $500 million that voluntarily
choose to comply.
General Description: FDIC’s
regulations at 12 CFR 363 establish
annual independent audit and reporting
requirements for financial institutions
with total assets of $500 million or
more. The requirements include the
submission of an annual report on their
financial statements, recordkeeping
about management deliberations
regarding external auditing and reports
about changes in auditors. The
information collected is used to
facilitate early identification of
problems in financial management at
financial institutions.

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Explanation of burden estimates: The
estimates of annual burden are based on
the estimated burden hours for FDICsupervised institutions within each
asset classification ($1 billion or more,
$500 million or more but less than $1
billion, and less than $500 million) to
comply with the requirements of Part
363 regarding the annual report, audit
committee, other reports, and the notice
of change in accountants. The number
of respondents reflects the number of
FDIC-supervised institutions in each
asset classification. The number of
annual responses reflects the estimated
number of submissions for each asset
classification. The annual burden hours
reflects the estimated number of hours
for FDIC-supervised institutions within
each asset classification to comply with
the requirements of Part 363.
a. FDIC-Supervised Institutions with
Assets of $1 Billion or More.
Number of Respondents: 351.
Annual Responses: 1,141.
Estimated Time per Response: 69.84
hours.
Annual Burden Hours: 79,688 hours.
b. FDIC-Supervised Institutions with
Assets of $500 Million or More but Less
than $1 Billion.
Number of Respondents: 401.
Annual Responses: 1,303.
Estimated Time per Response: 8.42
hours.
Annual Burden Hours: 10,977 hours.
c. FDIC-Supervised Institutions with
Assets Less than $500 Million.
Number of Respondents: 3,291.
Annual Responses: 9,873.
Estimated Time per Response: 15
minutes.
Annual Burden Hours: 2,468 hours.
Total Number of Respondents: 4,043.
Total Annual Responses: 12,317.
Total Annual Burden Hours: 84,026
hours.
3. Title: Market Risk Capital
Requirements.
OMB Number: 3064–0178.
Form Numbers: None.
Frequency of Response: Occasionally.
Affected Public: Insured state
nonmember banks and state savings
associations.
Estimated Number of Respondents: 1.
Estimated Number of Responses: 1.
Total Annual Burden: 1,964 hours.
General Description: The FDIC’s
market risk capital rules (12 CFR part
324, subpart F) enhance risk sensitivity,
increase transparency through enhanced
disclosures and include requirements
for the public disclosure of certain
qualitative and quantitative information
about the market risk of state
nonmember banks and state savings
associations (FDIC-supervised
institutions). The market risk rule

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asabaliauskas on DSK5VPTVN1PROD with NOTICES

Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices
applies only if a bank holding company
or bank has aggregated trading assets
and trading liabilities equal to 10
percent or more of quarter-end total
assets or $1 billion or more. Currently,
only one FDIC-regulated entity meets
the criteria. The information collection
requirements are located at 12 CFR
324.203 through 324.212. The collection
of information is necessary to ensure
capital adequacy appropriate for the
level of market risk.
Section 324.203(a)(1) requires FDICsupervised institutions to have clearly
defined policies and procedures for
determining which trading assets and
trading liabilities are trading positions
and specifies the factors a FDICsupervised institutions must take into
account in drafting those policies and
procedures. Section 324.203(a)(2)
requires FDIC-supervised institutions to
have clearly defined trading and
hedging strategies for trading positions
that are approved by senior management
and specifies what the strategies must
articulate. Section 324.203(b)(1) requires
FDIC-supervised institutions to have
clearly defined policies and procedures
for actively managing all covered
positions and specifies the minimum
requirements for those policies and
procedures. Sections 324.203(c)(4)
through 324.203(c)(10) require the
annual review of internal models and
specify certain requirements for those
models. Section 324.203(d) requires the
internal audit group of a FDICsupervised institution to prepare an
annual report to the board of directors
on the effectiveness of controls
supporting the market risk measurement
systems.
Section 324.204(b) requires FDICsupervised institutions to conduct
quarterly backtesting. Section
324.205(a)(5) requires institutions to
demonstrate to the FDIC the
appropriateness of proxies used to
capture risks within value-at-risk
models. Section 324.205(c) requires
institutions to develop, retain, and make
available to the FDIC value-at-risk and
profit and loss information on subportfolios for two years. Section
324.206(b)(3) requires FDIC-supervised
institutions 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 FDIC
approval for any material changes to
these policies and procedures.
Section 324.207(b)(1) details
requirements applicable to a FDICsupervised institution when the FDICsupervised institution uses internal
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certain covered positions. Section
324.208 requires FDIC-supervised
institutions to obtain prior written FDIC
approval for incremental risk modeling.
Section 324.209(a) requires prior FDIC
approval for the use of a comprehensive
risk measure. Section 324.209(c)(2)
requires FDIC-supervised institutions to
retain and report the results of
supervisory stress testing. Section
324.210(f)(2)(i) requires FDICsupervised institutions to document an
internal analysis of the risk
characteristics of each securitization
position in order to demonstrate an
understanding of the position. Section
324.212 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.
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
burden of the collections of information,
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, this 10th day of
December 2015.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015–31483 Filed 12–14–15; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Information
Collection Revision; Comment
Request (3064–0189)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The Federal Deposit
Insurance Corporation (‘‘FDIC’’) invites
the general public and other Federal
agencies to take this opportunity to
comment on a revision of a continuing

SUMMARY:

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77631

information collection, titled,
‘‘Company-Run Annual Stress Test
Reporting Template and Documentation
for Covered Institutions with Total
Consolidated Assets of $50 Billion or
More under the Dodd-Frank Wall Street
Reform and Consumer Protection Act,’’
(3064–0189), as required by the
Paperwork Reduction Act of 1995.
DATES: Comments must be received by
February 16, 2016.
ADDRESSES: You may submit written
comments by any of the following
methods:
• Agency Web site: http://
www.fdic.gov/regulations/laws/federal/.
Follow the instructions for submitting
comments on the FDIC Web site.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email: [email protected].
Include ‘‘Annual Stress Test Reporting
Template and Documentation for
Covered Institutions with Total
Consolidated Assets of $50 Billion or
More’’ on the subject line of the
message.
• Mail: Gary A. Kuiper, Legal
Division, Attention: Comments, FDIC,
550 17th Street NW., MB–3016,
Washington, DC 20429.
• Hand Delivery/Courier: Guard
station at the rear of the 550 17th Street
Building (located on F Street) on
business days between 7:00 a.m. and
5:00 p.m.
• Public Inspection: All comments
received will be posted without change
to http://www.fdic.gov/regulations/laws/
federal/ including any personal
information provided.
Additionally, you may send a copy of
your comments: By mail to the U.S.
Office of Management and Budget, 725
17th Street NW., #10235, Washington,
DC 20503 or by facsimile to
202.395.6974, Attention: Federal
Banking Agency Desk Officer.
FOR FURTHER INFORMATION CONTACT: You
can request additional information from
Gary Kuiper, 202.898.3877, or Manny
Cabeza, 202.898.3767, Legal Division,
Federal Deposit Insurance Corporation,
550 17th Street NW., MB–3016
Washington, DC 20429. In addition,
copies of the templates referenced in
this notice can be found on the FDIC’s
Web site (http://www.fdic.gov/
regulations/laws/federal/).
SUPPLEMENTARY INFORMATION: The FDIC
is requesting comment on the following
changes to the information collection:
Title: Company-Run Annual Stress
Test Reporting Template and
Documentation for Covered Institutions
with Total Consolidated Assets of $50
Billion or More under the Dodd-Frank

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