30-Day Federal Register Notice

FR2-0187 DFAST 10-50 Billion FFIEC 016 83 FR 8149 Feb 23 2018.pdf

Annual Stress Test - $10-$50 Billion Banks

30-Day Federal Register Notice

OMB: 3064-0187

Document [pdf]
Download: pdf | pdf
Federal Register / Vol. 83, No. 37 / Friday, February 23, 2018 / Notices
Comments must be received on
or before April 24, 2018.
ADDRESSES: You may submit comments
(identified by DOT docket no. NHTSA–
2017–0105) through one of the
following methods:
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow
instructions for submitting comments.
• Fax: 202–493–2251.
• Mail: Docket Management Facility;
U.S. Department of Transportation, 1200
New Jersey Avenue SE, West Building,
Ground Floor, Room W12–140,
Washington, DC 20590.
• Hand Delivery/Courier: 1200 New
Jersey Avenue SE, West Building
Ground Floor, Room W12–140,
Washington, DC 20590, between 9 a.m.
and 5 p.m., Monday through Friday,
except Federal Holidays. Telephone: 1–
800–647–5527.
Instructions: Submissions must
include the agency name and docket
number for this proposed collection of
information. Note all comments
received will be posted without change
to http://www.regulations.gov, including
any personal information provided.
Docket: For access to the docket to
read background documents or
comments received, go to http://
www.regulations.gov at any time or to
Room W12–140 on the ground level of
the DOT Building, 1200 New Jersey
Avenue SE, West Building Ground
Floor, Washington, DC 20590 between 9
a.m. and 5 p.m., Monday through
Friday, except Federal Holidays.
FOR FURTHER INFORMATION CONTACT:
Hisham Mohamed, NHTSA, 1200 New
Jersey Avenue SE, West Building, Room
#W43–437, NRM–310, Washington, DC
20590. Mr. Mohamed’s telephone
number is 202–366–0307. Please
identify the relevant collection of
information by referring to its OMB
Control Number.
SUPPLEMENTARY INFORMATION: Under the
Paperwork Reduction Act of 1995,
before an agency submits a proposed
collection of information to OMB for
approval, it must first publish a
document in the Federal Register
providing a 60-day comment period and
otherwise consult with members of the
public and affected agencies concerning
each proposed collection of information.
The OMB has promulgated
regulations describing what must be
included in such a document. Under
OMB’s regulation (at 5 CFR 1320.8(d)),
an agency must ask for public comment
on the following:
(i) Whether the proposed collection of
information is necessary for the proper
performance of functions of the agency,
including whether the information will
have practical utility;

daltland on DSKBBV9HB2PROD with NOTICES

DATES:

VerDate Sep<11>2014

18:52 Feb 22, 2018

Jkt 244001

(ii) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information, including the
validity of the methodology and
assumptions used;
(iii) How to enhance the quality,
utility, and clarity of the information to
be collected;
(iv) How to minimize the burden of
the collection of information on those
who are to respond, including the use
of appropriate automated, electronic,
mechanical, or other technological
collection techniques, or other forms of
information technology, e.g., permitting
electronic submission of responses.
In compliance with these
requirements, NHTSA asks for public
comments on the following proposed
collections of information:
Title: 49 CFR part 575.104; Uniform
Tire Quality Grading Standard.
OMB Control Number: 2127–0519.
Type of Request: Request for
Reinstatement of a Currently Expired
Collection of Information.
Abstract: Part 575.104, Uniform Tire
Quality Grading Standard (UTQGS)
requires tire manufacturers and tire
brand owners to submit reports to
NHTSA regarding grades of all
passenger car tire lines they offer for
sale in the United States. This
information is used by consumers of
passenger car tires to compare tire
quality in making purchase decisions.
The information is provided in several
different ways to ensure the consumer
can readily see and understand the tire
grade: (1) Grades are molded into the
sidewall of the tire so they can be
reviewed on both the new tire and the
old tire that is being replaced; (2) a
paper label is affixed to the tread face
of the new tire providing the grade of
that particular tire line along with an
explanation of the grading system; (3)
tire manufacturers provide dealers with
brochures for public distribution listing
grades of all of the tire lines they offer
for sale; and (4) NHTSA compiles the
grading information of all
manufacturers’ tire lines into a booklet
that is available to the public in printed
form and on the NHTSA website.
Affected Public: All passenger car
tires manufacturers and brand name
owners offering passenger car tires for
sale in the United States.
Estimated Number of Respondents:
There are approximately 160 individual
tire brands sold in the United States.
Because of industry consolidation the
actual number of respondents will be
significantly reduced, since
manufacturers generally file reports on
behalf of the various individual brand
names for which they produce tires. The

PO 00000

Frm 00105

Fmt 4703

Sfmt 4703

8149

actual number of respondents is
approximately 45.
Frequency: Intermittently.
Number of Responses: 160.
Estimated Total Annual Burden
Hours: 91,288.
Estimated Annual Burden Cost:
$37,374,299 (approximately $37.4
million).
Public Comments Invited: Comments
are invited on:
• Whether the proposed collection of
information is necessary for the proper
performance of functions of the
Department, including whether the
information will have practical utility;
• the accuracy of the Department’s
estimate of the burden of the proposed
information collection;
• ways to enhance the quality, utility
and clarity of the information to be
collected; and ways to minimize the
burden of the collection of information
on respondents, including the use of
automated collection techniques or
other forms of information technology.
Issued in Washington, DC, under authority
delegated in 49 CFR 1.95 and 501.8.
Raymond R. Posten,
Associate Administrator for Rulemaking.
[FR Doc. 2018–03682 Filed 2–22–18; 8:45 am]
BILLING CODE 4910–59–P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Joint Comment Request
Office of the Comptroller of the
Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); and Federal Deposit
Insurance Corporation (FDIC).
ACTION: Joint notice and request for
comment.
AGENCY:

In accordance with the
requirements of the Paperwork
Reduction Act (PRA) of 1995, the OCC,
the Board, and the FDIC (the agencies)
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. On October 6, 2017, the
agencies, under the auspices of the
Federal Financial Institutions
Examination Council (FFIEC), requested

SUMMARY:

E:\FR\FM\23FEN1.SGM

23FEN1

daltland on DSKBBV9HB2PROD with NOTICES

8150

Federal Register / Vol. 83, No. 37 / Friday, February 23, 2018 / Notices

public comment for 60 days on the
implementation of the proposed Annual
Dodd-Frank Act Company-Run Stress
Test Report for Depository Institutions
and Holding Companies with $10–$50
Billion in Total Consolidated Assets
(FFIEC 016). The comment period for
the proposal expired on December 5,
2017, and the agencies did not receive
any comments. The agencies are now
submitting the FFIEC 016, as originally
proposed, to OMB for review. Subject to
OMB approval, the proposed FFIEC 016
would take effect for the stress test
report due July 31, 2018.
The proposed FFIEC 016 would
combine the agencies’ three separate,
yet identical, stress test report forms (as
described in the SUPPLEMENTARY
INFORMATION), which are currently
approved collections of information,
into a single new FFIEC report. The
respondents for the proposed FFIEC 016
are depository institutions and holding
companies with average total
consolidated assets of more than $10
billion, but less than $50 billion. As part
of their proposed adoption of the new
FFIEC 016 report, the agencies also are
proposing to implement a limited
number of revisions that would align
the report with recent changes to the
FFIEC 031 and FFIEC 041 Consolidated
Reports of Condition and Income and
the Board’s FR Y–9C Consolidated
Financial Statements for Holding
Companies. In addition, the agencies are
proposing to have institutions provide
their Legal Entity Identifier (LEI) on the
report form, if they already have one.
The proposed FFIEC 016 reporting
requirements reflect the company-run
stress testing requirements promulgated
by the Dodd-Frank Wall Street Reform
and Consumer Protection Act (as
reflected in the agencies’ current
information collections).
The Board, in connection with this
proposal, has approved the transition of
the FR Y–16 (Annual Company-Run
Stress Test Report For State Member
Banks, Bank Holding Companies, and
Savings and Loan Holding Companies
with Total Consolidated Assets Greater
Than $10 Billion and Less Than $50
Billion), which it currently uses to
collect the annual company-run stress
test results, to the FFIEC 016,
conditioned on the approval of the
FFIEC 016 by the OMB. Also in
connection with the final adoption of
the FFIEC 016, the OCC and the FDIC
are proposing to replace the OCC’s
DFAST 10–50B (Annual Company-Run
Stress Test Reporting Template and
Documentation for Covered Institutions
with Total Consolidated Assets of $10
Billion to $50 Billion under the DoddFrank Wall Street Reform and Consumer

VerDate Sep<11>2014

18:52 Feb 22, 2018

Jkt 244001

Protection Act), and the FDIC’s DFAST
10–50 (Company-Run Annual Stress
Test Reporting Template and
Documentation for Covered Institutions
with Total Consolidated Assets of $10
Billion to $50 Billion under the DoddFrank Wall Street Reform and Consumer
Protection Act), respectively, with the
FFIEC 016.
DATES: Comments must be submitted on
or before March 26, 2018.
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments,
which should refer to the OMB control
number(s), will be shared among the
agencies.
OCC: You may submit comments,
which should refer to ‘‘FFIEC 016,’’ by
any of the following methods:
• Email: [email protected].
• Fax: (571) 465–4326.
• Mail: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
All 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 personally inspect and
photocopy comments at the OCC, 400
7th Street SW, Washington, DC 20219.
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 and photocopy
comments.
Board: You may submit comments,
which should refer to ‘‘FFIEC 016,’’ by
any of the following methods:
• Agency Website: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at:
http://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email: regs.comments@
federalreserve.gov. Include reporting
form number in the subject line of the
message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal

PO 00000

Frm 00106

Fmt 4703

Sfmt 4703

Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551.
All public comments are available
from the Board’s website at http://
www.federalreserve.gov/apps/foia/
proposedregs.aspx 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 3515, 1801 K Street
(between 18th and 19th Streets), NW,
Washington, DC 20006, between 9:00
a.m. and 5:00 p.m. on weekdays.
FDIC: You may submit comments,
which should refer to ‘‘FFIEC 016,’’ by
any of the following methods:
• Agency Website: http://
www.fdic.gov/regulations/laws/federal/.
Follow the instructions for submitting
comments on the FDIC website.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email: [email protected].
Include ‘‘FFIEC 016’’ in the subject line
of the message.
• Mail: Manuel E. Cabeza, Counsel,
Attn: Comments, Room MB–3007,
Federal Deposit Insurance Corporation,
550 17th Street NW, Washington, DC
20429.
• Hand Delivery: Comments may be
hand delivered to the guard station at
the rear of the 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. Paper copies of
public comments may be requested from
the FDIC Public Information Center, by
telephone at (877) 275–3342 or (703)
562–2200.
Additionally, commenters may send a
copy of their comments to the OMB
desk officer for the agencies 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; by fax to (202)
395–6974; or by email to oira_
[email protected].
FOR FURTHER INFORMATION CONTACT: For
further information about the proposed
FFIEC 016 report discussed in this
notice, please contact any of the agency
staff whose names appear below. In
addition, a copy of the proposed FFIEC
016 reporting form is available on the
FFIEC’s website (http://www.ffiec.gov/
ffiec_report_forms.htm).
OCC: Kevin Korzeniewski, Counsel,
(202) 649–5490 or, for persons who are

E:\FR\FM\23FEN1.SGM

23FEN1

daltland on DSKBBV9HB2PROD with NOTICES

Federal Register / Vol. 83, No. 37 / Friday, February 23, 2018 / Notices
deaf or hearing impaired, TTY, (202)
649–5597, Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, 400 7th
Street SW, Washington, DC 20219.
Board: Nuha Elmaghrabi, Federal
Reserve Board Clearance Officer, (202)
452–3884, Office of the Chief Data
Officer, Board of Governors of the
Federal Reserve System, 20th and C
Streets NW, Washington, DC 20551.
Telecommunications Device for the Deaf
(TDD) users may call (202) 263–4869.
FDIC: Manuel E. Cabeza, Counsel,
(202) 898–3767, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: As noted,
on October 6, 2017, the agencies
requested public comment for 60 days
on a proposal to implement the Annual
Dodd-Frank Act Company-Run Stress
Test Report for Depository Institutions
and Holding Companies with $10-$50
Billion in Total Consolidated Assets
(FFIEC 016).1 The agencies did not
receive any comments on the proposed
FFIEC 016 collections of information.
The agencies proposed to implement
the FFIEC 016 report form to replace the
following report forms, which are
approved collections of information:
Board’s FR Y–16, Annual Company-Run
Stress Test Report For State Member
Banks, Bank Holding Companies, and
Savings and Loan Holding Companies
with Total Consolidated Assets Greater
Than $10 Billion and Less Than $50
Billion (OMB Control No. 7100–0356);
FDIC’s DFAST 10–50, Company-Run
Annual Stress Test Reporting Template
and Documentation for Covered
Institutions with Total Consolidated
Assets of $10 Billion to $50 Billion
under the Dodd-Frank Wall Street
Reform and Consumer Protection Act
(OMB Control No. 3064–0187); and
OCC’s DFAST 10–50B, Annual
Company-Run Stress Test Reporting
Template and Documentation for
Covered Institutions with Total
Consolidated Assets of $10 Billion to
$50 Billion under the Dodd-Frank Wall
Street Reform and Consumer Protection
Act (OMB Control No. 1557–0311).
These existing report forms collect
identical information; however, the
respondent institutions for each form
vary based on each agency’s supervisory
jurisdiction.
Report Title: Annual Dodd-Frank Act
Company-Run Stress Test Report for
Depository Institutions and Holding
Companies with $10-$50 Billion in
Total Consolidated Assets.
Form Number: FFIEC 016.
Frequency of Response: Annually.
1 82

FR 46887 (October 6, 2017).

VerDate Sep<11>2014

18:52 Feb 22, 2018

Jkt 244001

Affected Public: Business or other forprofit.
OCC
OMB Control No.: 1557–0311.
Estimated Number of Respondents:
Initial Stress Test: 1 national bank or
federal savings association. Ongoing
Annual Stress Test: 36 national banks
and federal savings associations.
Estimated Time per Response: Initial
Stress Test: 2,000 burden hours per
response. Ongoing Annual Stress Test:
469 burden hours per response.
Estimated Total Annual Burden:
Initial Stress Test: 2,000 burden hours to
file. Ongoing Annual Stress Test: 16,884
burden hours to file. Total: 18,884
burden hours to file.
Board
OMB Control No.: 7100–0356.
Estimated Number of Respondents:
Initial Stress Test: 11 state member
banks, bank holding companies, and
savings and loan holding companies.
Ongoing Annual Stress Test: 64 state
member banks, bank holding
companies, and savings and loan
holding companies.
Estimated Time per Response: Initial
Stress Test: 2,000 burden hours per
response. Ongoing Annual Stress Test:
469 burden hours per response.
Estimated Total Annual Burden:
Initial Stress Test: 22,000 burden hours
to file. Ongoing Annual Stress Test:
30,016 burden hours to file. Total:
52,016 burden hours to file.
FDIC
OMB Control No.: 3064–0187.
Estimated Number of Respondents:
Initial Stress Test: 2 insured state
nonmember banks and savings
associations. Ongoing Annual Stress
Test: 22 insured state nonmember banks
and state savings associations.
Estimated Time per Response: Initial
Stress Test: 2,000 burden hours per
response. Ongoing Annual Stress Test:
469 burden hours per response.
Estimated Total Annual Burden:
Initial Stress Test: 4,000 burden hours to
file. Ongoing Annual Stress Test: 10,318
burden hours to file. Total: 14,318
burden hours to file.
Type of Review: OCC and FDIC:
Revision and extension of currently
approved collections. Board: Proposal
for a new collection of information and
discontinuation of a currently approved
collection.

8151

billion, but less than $50 billion. The
FFIEC 016 implements the reporting of
the annual company-run stress testing
required of such institutions under
section 165(i)(2) of the Dodd-Frank Wall
Street Reform and Consumer Protection
Act, Public Law 111–203 (Dodd-Frank
Act), and each agency’s implementing
regulation.2 All data reported in the
proposed FFIEC 016 would be given
confidential treatment under 5 U.S.C.
552(b)(8) because they are contained in
or related to operating or condition
reports prepared for the use of agencies
responsible for the regulation or
supervision of financial institutions.
Abstract
The FFIEC 016 report would be
submitted by institutions supervised by
the agencies with average total
consolidated assets of more than $10
billion, but less than $50 billion, to
report their company-run stress test
results. These reports collect
quantitative projections of balance sheet
assets and liabilities, income, losses,
and capital across three scenarios
(baseline, adverse, and severely adverse)
and qualitative information on
methodologies used to develop these
internal projections.
Data received in the agencies’ $10–
$50 billion annual Dodd-Frank Act
company-run stress test reports are used
in connection with supervision and
regulation of these institutions to form
supervisory assessments of the quality
of a company’s stress-testing process
and, overall, as part of the broader
assessment of a company’s capital
adequacy and risk management process.
Data collected in these reports provide
the agencies with one of many tools
available to examiners to assist in the
analysis and assessment of a company’s
capital position and planning process.
Current Actions
I. Discussion of Proposed FFIEC Report
Form

General Description of Reports

Each agency has issued rules
applicable to the banking organizations
it supervises with total consolidated
assets of more than $10 billion, but less
than $50 billion, that implement the
company-run stress testing requirement
promulgated by section 165(i)(2) of the
Dodd-Frank Act.3 Under the agencies’
respective rules, institutions that meet
this asset threshold are required to
conduct, and report the results of, an

The proposed FFIEC 016 information
collections would be mandatory for
institutions with average total
consolidated assets of more than $10

2 12 CFR part 46 (OCC); 12 CFR part 252, subpart
B (Board); 12 CFR part 325, subpart C (FDIC).
3 12 CFR part 46 (OCC); 12 CFR part 252, subpart
B (Board); 12 CFR part 325, subpart C (FDIC).

PO 00000

Frm 00107

Fmt 4703

Sfmt 4703

E:\FR\FM\23FEN1.SGM

23FEN1

8152

Federal Register / Vol. 83, No. 37 / Friday, February 23, 2018 / Notices

daltland on DSKBBV9HB2PROD with NOTICES

annual stress test using scenarios
provided by the agencies.
The annual as-of date of the stress test
report is December 31, and the
submission deadline for the report is the
following July 31.
Currently, the agencies maintain
separate, yet identical, report forms (FR
Y–16, FDIC DFAST 10–50, and OCC
DFAST 10–50B) for the banks, savings
associations, and holding companies
they supervise to report these companyrun stress test results. These annual
reports collect quantitative projections
of balance sheet assets and liabilities,
income, losses, and capital across a
range of macroeconomic and financial
scenarios as well as qualitative
supporting information on the
methodologies and processes used to
develop those internal projections. As
noted, the agencies are proposing to
combine these separate data collections
and designate the combined report as a
uniform FFIEC data collection. As part
of their proposed adoption of the new
FFIEC 016 report, the agencies also are
proposing to change the quantitative
and qualitative information currently
collected in their separate, yet identical,
report forms to implement a limited
number of revisions that would align
the new report with recent burdenreducing changes to the FFIEC 031,
FFIEC 041, and the Board’s FR Y–9C.4
These revisions are not expected to
change the estimated reporting burden
for the proposed new FFIEC 016
compared to the estimated reporting
burden for the agencies’ existing stress
test report forms.
The following revisions to the FFIEC
031, FFIEC 041, and FR Y–9C (as
applicable) that took effect March 31,
2017, would affect the proposed FFIEC
016:
(1) On the FFIEC 031 and FFIEC 041
Schedule RI, Memorandum item 14.a,
and on the FR Y–9C Schedule HI,
Memorandum item 17(a), ‘‘Total otherthan-temporary impairment losses,’’ was
removed, but institutions continue to
report other-than-temporary impairment
losses recognized in earnings on the
FFIEC 031 and FFIEC 041 Schedule RI,
Memorandum item 14, and the FR Y–9C
Schedule HI, Memorandum item 17.
The agencies propose for the new FFIEC
016 report form and instructions to
replace line item 25, ‘‘Total other-thantemporary impairment losses,’’ on each
4 FFIEC 031 and FFIEC 041 Consolidated Reports
of Condition and Income (OMB Control Nos.: OCC,
1557–0081; Board, 7100–0036; and FDIC, 3064–
0052): See 81 FR 45357 (July 13, 2016) and 82 FR
2444 (January 9, 2017); FR Y–9C Consolidated
Financial Statements for Holding Companies (OMB
Control No.: Board, 7100–0128): See 81 FR 62129
(September 8, 2016).

VerDate Sep<11>2014

18:52 Feb 22, 2018

Jkt 244001

Income Statement scenario schedule
with ‘‘Other-than-temporary impairment
losses on held-to-maturity and
available-for-sale debt securities
recognized in earnings’’ as defined in
FFIEC 031 and FFIEC 041 Schedule RI,
Memorandum item 14, and FR Y–9C
Schedule HI, Memorandum item 17.
(2) On the FFIEC 031 and FFIEC 041
Schedule RC–E, Part I, Memorandum
items 1.c.(1), ‘‘Brokered deposits of less
than $100,000,’’ and 1.c.(2), ‘‘Brokered
deposits of $100,000 through $250,000
and certain brokered retirement deposit
accounts,’’ were combined into a single
item, Memorandum item 1.c, ‘‘Brokered
deposits of $250,000 or less (fully
insured brokered deposits).’’ The
agencies propose for the new FFIEC 016
report form and instructions to align its
Balance Sheet line items 32 and 33 for
retail and wholesale funding
calculations, respectively, with the
updated FFIEC 031 and FFIEC 041
Schedule RC–E, Part I, Memorandum
item 1.c, ‘‘Brokered deposits of $250,000
or less (fully insured brokered
deposits).’’
(3) On Schedule RC–M of the FFIEC
031 and FFIEC 041, items for the
amount of loans covered by FDIC losssharing agreements in the following
loan categories were removed and
combined with existing Schedule RC–
M, item 13.a.(5), ‘‘All other loans and all
leases’’ covered by such agreements:
Item 13.a.(2), ‘‘Loans to finance
agricultural production and other loans
to farmers’’; item 13.a.(3), ‘‘Commercial
and industrial loans’’; item 13.a.(4)(a),
‘‘Credit cards’’; item 13.a.(4)(b),
‘‘Automobile loans’’; and item
13.a.(4)(c), ‘‘Other (includes revolving
credit plans other than credit cards, and
other consumer loans).’’ In order to keep
the data collection uniform and
comparable across types of reporting
institutions, the agencies propose for the
new FFIEC 016 report form and
instructions to discontinue the
deduction of loans covered by FDIC
loss-sharing agreements from each of the
loan categories collected in Balance
Sheet line items 1 through 13. In
addition, in the proposed new FFIEC
016 report form, existing Balance Sheet
line item 14, ‘‘Loans covered by FDIC
loss-sharing agreements,’’ will be
retained.
In addition, the agencies are
proposing to have reporting institutions
provide their LEI on the FFIEC 016
report form, if they have one. The LEI
is a 20-digit alpha-numeric code that
uniquely identifies entities that engage
in financial transactions. The recent
financial crisis spurred the development
of a Global LEI System (GLEIS).
Internationally, regulators and market

PO 00000

Frm 00108

Fmt 4703

Sfmt 4703

participants have recognized the
importance of the LEI as a key
improvement in financial data systems.
The Group of Twenty (G–20) nations
directed the Financial Stability Board
(FSB) to lead the coordination of
international regulatory work and
deliver concrete recommendations on
the GLEIS by mid-2012, which in turn
were endorsed by the G–20 later that
same year. In January 2013, the LEI
Regulatory Oversight Committee (ROC),
including participation by regulators
from around the world, was established
to oversee the GLEIS on an interim
basis. With the establishment of the full
Global LEI Foundation in 2014, the ROC
continues to review and develop broad
policy standards for LEIs. The OCC, the
Board, and the FDIC are all members of
the ROC.
The LEI system is designed to
facilitate several financial stability
objectives, including the provision of
higher quality and more accurate
financial data. In the United States, the
Financial Stability Oversight Council
(FSOC) has recommended that
regulators and market participants
continue to work together to improve
the quality and comprehensiveness of
financial data both nationally and
globally. In this regard, the FSOC also
has recommended that its member
agencies promote the use of the LEI in
reporting requirements and
rulemakings, where appropriate.5
With respect to the FFIEC 016, the
agencies are proposing to have reporting
institutions provide their LEI on the
cover page of this new report once it is
implemented, if a reporting institution
has an LEI. A reporting institution that
does not have an LEI would not be
required to obtain one for purposes of
reporting it on the FFIEC 016.
The uniform FFIEC 016 report would
be collected in an electronic format
using file specifications and formats
determined by the agencies, as
prescribed in the Federal Reserve
System’s Reporting Central application.
The agencies believe that developing a
uniform report under the FFIEC
reporting structure will promote
uniform standards and reporting across
the agencies, which is consistent with
the function of the FFIEC.6 The
proposed FFIEC 016 information
collections would satisfy each agency’s
company-run stress-testing
requirements, while ensuring
consistency and comparability of the
5 Financial Stability Oversight Council 2015
Annual Report, page 14, http://www.treasury.gov/
initiatives/fsoc/studies-reports/Documents/
2015%20FSOC%20Annual%20Report.pdf.
6 See 12 U.S.C. 3305(c).

E:\FR\FM\23FEN1.SGM

23FEN1

Federal Register / Vol. 83, No. 37 / Friday, February 23, 2018 / Notices
stress-testing information across
institutions. The change also would
ensure that future collections of this
information remain uniform across the
agencies.
With OMB approval, the first annual
filing deadline for the FFIEC 016 report
form would be July 31, 2018, using
information as of December 31, 2017.
II. Request for Comment
Public comment is requested on all
aspects of this joint notice. Comments
are specifically invited on:
(a) Whether the collections of
information that are the subject of this
notice are necessary for the proper
performance of the agencies’ functions,
including whether the information has
practical utility;
(b) The accuracy of the agencies’
estimates of the burden of the
information collections as they are
proposed to be revised, including the
validity of the methodology and
assumptions used;
(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 services
to provide the information.
Comments submitted in response to
the joint notice will be shared among
the agencies. All comments will become
a matter of public record.

Dated: February 15, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief
Counsel, Office of the Comptroller of the
Currency.
Board of Governors of the Federal Reserve
System, February 12, 2018.
Ann E. Misback,
Secretary of the Board.
Dated at Washington, DC, on February 12,
2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018–03736 Filed 2–22–18; 8:45 am]
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P

DEPARTMENT OF VETERANS
AFFAIRS
Tiered Pharmacy Copayments for
Medications Update
Department of Veterans Affairs.
Notice.

AGENCY:
ACTION:

This Department of Veterans
Affairs (VA) notice updates the
information on Tier 1 medications.
FOR FURTHER INFORMATION CONTACT:
Joseph Duran, Office of Community
Care (10D), Veterans Health
Administration (VHA), Department of
Veterans Affairs, 810 Vermont Avenue
NW, Washington, DC 20420,
[email protected], (303) 372–4629
(this is not a toll free number).
SUPPLEMENTARY INFORMATION: Section
17.110 of Title 38, Code of Federal
Regulations, governs copayments for
medications that VA provides to
SUMMARY:

veterans. Section 17.110 provides the
methodologies for establishing the
copayment amount for each 30-day or
less supply of medication provided by
VA on an outpatient basis (other than
medication administered during
treatment). ‘‘Tier 1 medication means a
multi-source medication that has been
identified using the process described in
paragraph (b)(2) of this section.’’
Section 17.110 provides that a list of
Tier 1 medications will either be
published as a notice in the Federal
Register or will be posted on VA’s
website at www.va.gov/health at least
once per year.
Based on the methodologies set forth
in § 17.110, this notice updates the list
of Tier 1 medications. Not less than
once per year, VA will identify a subset
of multi-source medications as Tier 1
medications. Only medications that
meet all of the criteria in paragraphs
(b)(2)(i), (ii), and (iii) will be eligible to
be considered Tier 1 medications, and
only those medications that meet all of
the criteria in paragraph (b)(2)(i) of this
section will be assessed using the
criteria in paragraphs (b)(2)(ii) and (iii).
As of the date of this notice, the Tier 1
medication list at individual VA
medical facilities based on the
methodologies in § 17.110 will be
posted on VA’s website at www.va.gov/
health under the heading ‘‘Tier 1 Copay
Medication List.’’
The following table is the Tier 1
Copay Medication List that is effective
January 1, 2018, and will remain in
effect until December 31, 2018.

Condition

VA product name

Arthritis & Pain ..............................................................................................................................

Blood Thinners & Platelet Inhibitors. ............................................................................................

daltland on DSKBBV9HB2PROD with NOTICES

Bone Health ..................................................................................................................................
Cholesterol ....................................................................................................................................

Dementia .......................................................................................................................................
Diabetes ........................................................................................................................................

Electrolyte Supplement .................................................................................................................
Gastrointestinal Health ..................................................................................................................

VerDate Sep<11>2014

18:52 Feb 22, 2018

Jkt 244001

PO 00000

Frm 00109

Fmt 4703

Sfmt 4703

8153

Aspirin buffered tablet.
Aspirin chewable tablet.
Aspirin enteric coated tablet.
Allopurinol tablet.
Diclofenac Sodium EC tablet.
Ibuprofen tablet.
Meloxicam tablet.
Naproxen tablet.
Clopidogrel Bisulfate tablet.
Warfarin Sodium tablet.
Alendronate tablet.
Atorvastatin tablet.
Gemfibrozil tablet.
Lovastatin tablet.
Niacin (Slo-Niacin) tablet.
Pravastatin tablet.
Simvastatin tablet.
Donepezil tablet.
Glipizide tablet.
Metformin HCL tablet.
Metformin HCL 24hr (SA) tablet.
Potassium SA tablet.
Potassium SA Dispersible tablet.
Omeprazole EC capsule.
Pantoprazole Sodium EC capsule.
Ranitidine tablet.

E:\FR\FM\23FEN1.SGM

23FEN1


File Typeapplication/pdf
File Modified2018-02-23
File Created2018-02-23

© 2024 OMB.report | Privacy Policy