60-Day Federal Register Notice

FR1-0199 Market Risk Regulatory Report FFIEC 102 87 FR 17410 March 28, 2022.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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17410

Federal Register / Vol. 87, No. 59 / Monday, March 28, 2022 / Notices

these two States was 530 hours and the
associated labor cost was $17,400. Using
these estimates, NHTSA calculates an
average of 265 hours per State, with an
annual labor cost of $8,700. There are 51
respondents per year (the 50 States and
the District of Columbia). Therefore,
total annual burden hours for
maintenance and infrastructure is
estimated to be 13,515 hours (51
respondents × 265 hours). The total
annual maintenance and infrastructure
labor cost per year is estimated to be
$443,700 ($8,700 × 51).

Estimated
burden per
submission

Annual
submissions

Submission type

Average
hourly labor
cost

Developers, Programmers, and Testers
(Standard Occupational Classification
#15–1250, May 2020) of $52.86.1 The
Bureau of Labor Statistics estimates that
for State and local government workers,
wages represent 61.9% of total
compensation.2 Therefore, the total
hourly cost associated with the IT
burden hours is estimated to be $85.40
($52.86 ÷ 61.9%) per hour. The total
annual burden hours to prepare and
submit clean files is 224 hours (8 × 28).
The total annual clean file labor cost per
year is estimated to be $19,130 ($85.40
× 224).

Labor cost
per submission

Total burden
hours

Total labor
costs

Maintenance and Infrastructure ...........
Clean files ............................................

51
28

265
8

N/A
$85.40

$8,700
683.20

13,515
224

$443,700
19,130

Total ..............................................

51

........................

........................

............................

14,004

462,830

Public Comments Invited: You are
invited to comment on any aspect of
this information collection, including
whether (a) the proposed collection of
information is necessary for the proper
performance of the functions of the
Department, including whether the
information will have practical utility;
(b) the accuracy of the Department’s
estimated burden of the proposed
information collection; (c) ways to
enhance the quality, utility and clarity
of the information to be collected; and
(d) 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.
The agency will summarize and/or
include your comments in the request
for OMB’s clearance of this information
collection.
Authority: The Paperwork Reduction
Act of 1995; 44 U.S.C. Chapter 35, as
amended; 49 CFR 1.49; and DOT Order
1351.29.
Chou-Lin Chen,
Associate Administrator for the National
Center for Statistics and Analysis.
[FR Doc. 2022–06467 Filed 3–25–22; 8:45 am]
BILLING CODE 4910–59–P

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To ensure that the information
contained in the NDR is accurate, States
sometimes submit a ‘‘clean file’’ which
is a confirmation of all drivers of that
State who should be listed in the NDR
file. NHTSA estimates that an average of
28 clean files will be submitted
annually by States. States use SFTP to
submit this information, and NHTSA
estimates it takes an IT specialist 8
hours to prepare and run the data.
NHTSA estimates the cost for IT
personnel burden hours using the
Bureau of Labor Statistics’ mean wage
estimate for Software and Web

1 May 2020 National Occupational Employment
and Wage Estimates United States, Occupational
Employment Statistics, Bureau of Labor Statistics,
U.S. Department of Labor, https://www.bls.gov/oes/

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17:30 Mar 25, 2022

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DEPARTMENT OF THE TREASURY
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:

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

SUMMARY:

current/oes_nat.htm#15-0000, last accessed July 23,
2021.
2 Employer Costs for Employee Compensation by
ownership (Dec. 2020), available at https://

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(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 May 27, 2022.
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 by any of
the following methods:
• Email: [email protected]
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, Office
of the Comptroller of the Currency,
Attention: 1557–0325, 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.bls.gov/news.release/ecec.t01.htm (accessed
July 23, 2021).

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Federal Register / Vol. 87, No. 59 / Monday, March 28, 2022 / Notices

17411

Accordingly, your comments will not be
edited to remove any identifying or
contact information.
FDIC: You may submit comments,
which should refer to ‘‘FFIEC 102,’’ by
any of the following methods:
• Agency Website: https://
www.fdic.gov/resources/regulations/
federal-register-publications/index.html.
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 NW
building (located on F Street NW) 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/resources/
regulations/federal-registerpublications/index.html, 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
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. If you
are deaf, hard of hearing, or have a
speech disability, please dial 7–1–1 to
access telecommunications relay
services.
Board: Nuha Elmaghrabi, Federal
Reserve Board Clearance Officer, (202)
452–3884, Office of the Chief Data

Continued

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.
Following the close of this notice’s
60-day comment period, the agencies
will publish a second notice with a 30day comment period. 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 the method set forth in the
next bullet.
Viewing Comments Electronically: Go
to www.reginfo.gov. Hover over the
‘‘Information Collection Review’’ drop
down menu. From the ‘‘Currently under
Review’’ drop-down menu, select
‘‘Department of Treasury’’ and then
click ‘‘submit.’’ This information
collection can be located by searching
by OMB control number ‘‘1557–0325’’
or ‘‘Market Risk Regulatory Report for
Institutions Subject to the Market Risk
Capital Rule (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.
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:
http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Email: [email protected]
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.

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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: 16
national banks and federal savings
associations.
Estimated Average Time per
Response: 12 hours per quarter.
Estimated Total Annual Burden: 768
hours.
Board
OMB Number: 7100–0365.
Estimated Number of Respondents: 42
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:
2,016 hours.
FDIC
OMB Number: 3064–0199.
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
1 12 CFR 3.201 (OCC); 12 CFR 217.201 (Board);
and 12 CFR 324.201 (FDIC). The market risk capital

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Federal Register / Vol. 87, No. 59 / Monday, March 28, 2022 / Notices

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

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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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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
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

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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.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
Michele Taylor Fennell,
Assistant Secretary of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on March 21,
2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022–06456 Filed 3–25–22; 8:45 am]
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P

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