60-Day Federal Register Notice

FR1-0199 FFIEC 102 Market Risk Regulatory Report 84 FR 29933 June 25 2019.pdf

Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule- FFIEC 102

60-Day Federal Register Notice

OMB: 3064-0199

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Federal Register / Vol. 84, No. 122 / Tuesday, June 25, 2019 / Notices
Where do I go to read public comments,
and find supporting information?
Go to the docket online at http://
www.regulations.gov., keyword search
MARAD–2019–0097 or visit the Docket
Management Facility (see ADDRESSES for
hours of operation). We recommend that
you periodically check the Docket for
new submissions and supporting
material.
Will my comments be made available to
the public?

May I submit comments confidentially?
If you wish to submit comments
under a claim of confidentiality, you
should submit three copies of your
complete submission, including the
information you claim to be confidential
business information, to the Department
of Transportation, Maritime
Administration, Office of Legislation
and Regulations, MAR–225, W24–220,
1200 New Jersey Avenue SE,
Washington, DC 20590. Include a cover
letter setting forth with specificity the
basis for any such claim and, if possible,
a summary of your submission that can
be made available to the public.
Privacy Act
In accordance with 5 U.S.C. 553(c),
DOT solicits comments from the public
to better inform its rulemaking process.
DOT posts these comments, without
edit, to www.regulations.gov, as
described in the system of records
notice, DOT/ALL–14 FDMS, accessible
through www.dot.gov/privacy. To
facilitate comment tracking and
response, we encourage commenters to
provide their name, or the name of their
organization; however, submission of
names is completely optional. Whether
or not commenters identify themselves,
all timely comments will be fully
considered. If you wish to provide
comments containing proprietary or
confidential information, please contact
the agency for alternate submission
instructions.

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(Authority: 49 CFR 1.93(a), 46 U.S.C. 55103,
46 U.S.C. 12121)

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Dated: June 20, 2019.
By Order of the Maritime Administrator.
T. Mitchell Hudson, Jr.,
Secretary, Maritime Administration.
[FR Doc. 2019–13440 Filed 6–24–19; 8:45 am]
BILLING CODE 4910–81–P

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Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
Proposed Agency Information
Collection Activities; 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:

Yes. Be aware that your entire
comment, including your personal
identifying information, will be made
publicly available.

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DEPARTMENT OF THE TREASURY

In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (PRA), 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. The Federal Financial
Institutions Examination Council
(FFIEC), of which the agencies are
members, has approved the agencies’
publication for public comment of a
proposal to extend for three years,
without revision, the Market Risk
Regulatory Report for Institutions
Subject to the Market Risk Capital Rule
(FFIEC 102), which is currently an
approved collection of information for
each agency. At the end of the comment
period for this notice, the FFIEC and the
agencies will review any comments
received to determine whether to
modify the proposal in response to
comments. As required by the PRA, the
agencies will then publish a second
Federal Register notice for a 30-day
comment period and submit the final
FFIEC 102 to OMB for review and
approval.
DATES: Comments must be submitted on
or before August 26, 2019.
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: Commenters are encouraged to
submit comments by email, if possible.
You may submit comments, which
should refer to ‘‘1557–0325’’ or ‘‘FFIEC
102,’’ by any of the following methods:
• Email: [email protected].
• Mail: Chief Counsel’s Office, Office
of the Comptroller of the Currency,
SUMMARY:

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29933

Attention: 1557–0100, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0325’’ 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 by any of the
following methods:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu select ‘‘Department of
Treasury’’ and then click ‘‘submit’’. This
information collection can be located by
searching by OMB control number
‘‘1557–0325’’ or ‘‘FFIEC 102’’. 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.
Board: You may submit comments,
which should refer to ‘‘FFIEC 102,’’ by
any of the following methods:
• Agency Website: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at:

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29934

Federal Register / Vol. 84, No. 122 / Tuesday, June 25, 2019 / Notices

http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Email: regs.comments@
federalreserve.gov. Include ‘‘FFIEC 102’’
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
Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551.
All public comments are available
from the Board’s website at
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 N146, 1709 New
York Avenue NW, Washington, DC
20006, between 9:00 a.m. and 5:00 p.m.
on weekdays. For security reasons, the
Board requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 452–3684.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and to submit to security
screening in order to inspect and
photocopy comments.
FDIC: You may submit comments,
which should refer to ‘‘FFIEC 102,’’ by
any of the following methods:
• Agency Website: https://
www.fdic.gov/regulations/laws/federal/.
Follow the instructions for submitting
comments on the FDIC’s website.
• Federal eRulemaking Portal:
https://www.regulations.gov. Follow the
instructions for submitting comments.
• Email: [email protected].
Include ‘‘FFIEC 102’’ 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 https://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 officers for the agencies by mail to
the Office of Information and Regulatory

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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
information collections discussed in
this notice, please contact any of the
agency staff whose names appear below.
In addition, copies of the FFIEC 102
reporting forms and instructions can be
obtained at the FFIEC’s website (https://
www.ffiec.gov/ffiec_report_forms.htm).
OCC: Kevin Korzeniewski, Counsel,
Chief Counsel’s Office, (202) 649–5490,
or for persons who are hearing
impaired, TTY, (202) 649–5597.
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: The
agencies are proposing to extend for
three years, without revision, the FFIEC
102, which is currently an approved
collection of information for each
agency.
Report Titles: Market Risk Regulatory
Report for Institutions Subject to the
Market Risk Capital Rule.
Form Numbers: FFIEC 102.
Frequency of Response: Quarterly.
Affected Public: Business or other for
profit.
OCC
OMB Number: 1557–0325.
Estimated Number of Respondents: 13
national banks and federal savings
associations.
Estimated Average Time per
Response: 12 hours per quarter.
Estimated Total Annual Burden: 624
hours.
Board
OMB Number: 7100–0365.
Estimated Number of Respondents: 38
state member banks, bank holding
companies, savings and loan holding
companies, and intermediate holding
companies.
Estimated Average Time per
Response: 12 hours per quarter.
Estimated Total Annual Burden:
1,824 hours.
FDIC
OMB Number: 3064–0199.

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Estimated Number of Respondents: 1
insured state nonmember bank and state
savings association.
Estimated Average Time per
Response: 12 hours per quarter.
Estimated Total Annual Burden: 48
hours.
General Description of Reports
The Market Risk Regulatory Report for
Institutions Subject to the Market Risk
Capital Rule (FFIEC 102) is filed
quarterly with the agencies and
provides information for market risk
institutions, defined for this purpose as
those institutions that are subject to the
market risk capital rule as incorporated
into Subpart F of the agencies’
regulatory capital rules 1 (market risk
institutions). Each market risk
institution is required to file the FFIEC
102 for the agencies’ use in assessing the
reasonableness and accuracy of the
institution’s calculation of its minimum
capital requirements under the market
risk capital rule and in evaluating the
institution’s capital in relation to its
risks. Additionally, the market risk
information collected in the FFIEC 102:
(a) Permits the agencies to monitor the
market risk profile of, and evaluate the
impact and competitive implications of,
the market risk capital rule on
individual market risk institutions and
the industry as a whole; (b) provides the
most current statistical data available to
identify areas of market risk on which
to focus for onsite and offsite
examinations; (c) allows the agencies to
assess and monitor the levels and
components of each reporting
institution’s risk-based capital
requirements for market risk and the
adequacy of the institution’s capital
under the market risk capital rule; and
(d) assists market risk institutions in
validating their implementation of the
market risk framework.
Statutory Basis and Confidential
Treatment
The quarterly FFIEC 102 information
collection is mandatory for market risk
institutions: 12 U.S.C. 161 (national
banks), 12 U.S.C. 324 (state member
banks), 12 U.S.C. 1844(c) (bank holding
companies), 12 U.S.C. 1467a(b) (savings
and loan holding companies), 12 U.S.C.
5365 (U.S. intermediate holding
companies), 12 U.S.C. 1817 (insured
state nonmember commercial and
savings banks), and 12 U.S.C. 1464
(savings associations). The FFIEC 102
1 12 CFR 3.201 (OCC); 12 CFR 217.201 (Board);
and 12 CFR 324.201 (FDIC). The market risk capital
rule generally applies to any banking institution
with aggregate trading assets and trading liabilities
equal to (a) 10 percent or more of quarter-end total
assets or (b) $1 billion or more.

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Federal Register / Vol. 84, No. 122 / Tuesday, June 25, 2019 / Notices
information collections are not given
confidential treatment.
Request for Comment
The agencies invite comment on the
following topics related to these
collections of information:
(a) Whether the information
collections 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, 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 information.
Comments submitted in response to
this joint notice will be shared among
the agencies. All comments will become
a matter of public record.
Dated: June 19, 2019.
Jonathan V. Gould,
Senior Deputy Comptroller and Chief
Counsel, Office of the Comptroller of the
Currency.
Board of Governors of the Federal Reserve
System, June 17, 2019.
Ann Misback,
Secretary of the Board.
Dated at Washington, DC, on June 18, 2019.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2019–13473 Filed 6–24–19; 8:45 am]
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Actions
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
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AGENCY:

The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
based on OFAC’s determination that one
or more applicable legal criteria were
satisfied. All property and interests in

SUMMARY:

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property subject to U.S. jurisdiction of
these persons are blocked, and U.S.
persons are generally prohibited from
engaging in transactions with them.
See SUPPLEMENTARY INFORMATION
section for effective date(s).

DATES:

FOR FURTHER INFORMATION CONTACT:

OFAC: Associate Director for Global
Targeting, tel.: 202–622–2420; Assistant
Director for Licensing, tel.: 202–622–
2480; Assistant Director for Regulatory
Affairs, tel.: 202–622–4855; Assistant
Director for Sanctions Compliance &
Evaluation, tel.: 202–622–2490; or the
Department of the Treasury’s Office of
the General Counsel: Office of the Chief
Counsel (Foreign Assets Control), tel.:
202–622–2410.
SUPPLEMENTARY INFORMATION:

Electronic Availability
The Specially Designated Nationals
and Blocked Persons List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (www.treasury.gov/ofac).
Notice of OFAC Actions
On June 19, 2019, OFAC determined
that the property and interests in
property subject to U.S. jurisdiction of
the following person is blocked under
the relevant sanctions authority listed
below.
Entity
1. LIMITED LIABILITY COMPANY NON–
BANK CREDIT ORGANIZATION RUSSIAN
FINANCIAL SOCIETY (Cyrillic: J,OTCNDJ
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