30-Day Federal Register Notice

FR2-0199 Market Risk Regulatory Report FFIEC 102 87 FR 44188 July 25 2022.pdf

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

30-Day Federal Register Notice

OMB: 3064-0199

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44188

Federal Register / Vol. 87, No. 141 / Monday, July 25, 2022 / Notices

20157(m)(3). To be clear, in the interim,
before OMB approves these statutory
modifications to Form FRA F 6180.152,
host railroads would continue to
comply with the following biannual
reporting deadlines for Form FRA F
6180.152 under FRA’s existing
regulations, 49 CFR 236.1029(h)(3): July
31 (covering the period from January 1
to June 30), and January 31 (covering the
period from July 1 to December 31 of the
prior calendar year). Railroads would
transition to the quarterly frequency
once OMB approves the modified Form
FRA F 6180.152.
The only other modification FRA
proposes to make to Form FRA F
6180.152 is to lock the formatting of
instructions and headings in the form so
users cannot manipulate those
components of the form. FRA is placing
the proposed, modified Form FRA F
6180.152 in Docket No. FRA–2022–0002
for review and interested persons are
invited to submit comments on or before
August 24, 2022.
For a detailed discussion regarding
the reporting metrics in the proposed
Quarterly Report of PTC System
Performance (Form FRA F 6180.152),
please see FRA’s Final Rule outlining
the comments received and
corresponding content requirements
under 49 CFR 236.1029(h). See 86 FR
40154, 40157–59, 40163–68 (July 27,
2021); see also 49 U.S.C. 20157(m). FRA
may not alter the existing reporting
requirements in Form FRA F 6180.152
as they are now statutorily mandated.
As a reminder, modified Form FRA F
6180.152 would be identical in
substance to existing, OMB-approved
Form FRA F 6180.152 (Biannual Report
of PTC System Performance) that the
public commented on during the 2020–
2021 PTC rulemaking. See 85 FR 82400
(Dec. 18, 2020) (Notice of Proposed
Rulemaking); 86 FR 40154 (July 27,
2021) (Final Rule). The only material
changes to Form FRA F 6180.152 FRA
is proposing are those necessary to shift
from the biannual framework under
FRA’s regulations, 49 CFR 236.1029(h),
to the new quarterly framework under
49 U.S.C. 20157(m)(3).
Under the currently approved
biannual framework, FRA estimated that
each performance report (Form FRA F
6180.152), covering a six-month period,
would take 48 hours to prepare. See 86
FR at 40169–71. Under the new
statutory quarterly framework, FRA
estimates that, on average, each report,
covering a shorter period (three
months), would take 32 hours to
prepare. This estimate is based on the
fact that under the quarterly framework,
the reporting period would be half as
long and, correspondingly, it would take

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approximately half as long (i.e., 24
hours) to compile the performancerelated data for that period, plus an
additional 8 hours to account for any
additional administrative burdens in
completing the form. Railroads will
collect, analyze, and report 365 days’
worth of data about their PTC systems’
performance under either reporting
framework (biannual or quarterly), and
FRA estimates that shifting the
frequency from biannual (under the
existing regulation) to quarterly (under
the recent legislation) would result in an
increase of 73 reports per year and a
burden increase of 1,168 hours total.
In addition, FRA notes that the
Statutory Notification of PTC System
Failures (Form FRA F 6180.177) expired
by law on December 31, 2021, so FRA
proposes to remove that form from this
information collection request. See 49
U.S.C. 20157(j). That adjustment would
result in a decrease of 144 reports per
year and a burden decrease of 144
hours.
Type of Request: Revision to a
currently approved collection.
Affected Public: Businesses.
Form(s): FRA F 6180.152.
Respondent Universe: 742 railroads
and entities.
Frequency of Submission: On
occasion.
Total Estimated Annual Responses:
4,567,826.
Total Estimated Annual Burden:
51,993 hours.
Total Estimated Annual Burden Hour
Dollar Cost Equivalent: $4,329,155.
FRA informs all interested parties that
it may not conduct or sponsor, and a
respondent is not required to respond
to, a collection of information that does
not display a currently valid OMB
control number.
Authority: 44 U.S.C. 3501–3520; 49
U.S.C. 20157.
Brett A. Jortland,
Deputy Chief Counsel.
[FR Doc. 2022–15810 Filed 7–22–22; 8:45 am]
BILLING CODE 4910–06–P

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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. On March 28, 2022, the Federal
Financial Institutions Examination
Council (FFIEC), of which the agencies
are members, requested public comment
for 60 days on 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. The comment period for
the March 2022 notice expired on May
27, 2022. No comments were received
and the agencies will proceed with the
extension, without revision, of the
FFIEC 102. In addition, the agencies are
giving notice that they are sending the
collections to OMB for review.
DATES: Comments must be submitted on
or before August 24, 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.
SUMMARY:

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Federal Register / Vol. 87, No. 141 / Monday, July 25, 2022 / Notices
• 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 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: 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

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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.
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
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

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44189

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: On March
28, 2022, the agencies requested public
comment on a proposal to extend for
three years, without revision, the FFIEC
102. The comment period expired on
May 27, 2022, and no comments were
received. The agencies will proceed
with the extension without revision of
the FFIEC 102, as proposed, and are
sending the collections to OMB for
review.
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

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Federal Register / Vol. 87, No. 141 / Monday, July 25, 2022 / Notices

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.

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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
validity of the methodology and
assumptions used;
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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(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,
Deputy Associate Secretary of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on July 19, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022–15888 Filed 7–22–22; 8:45 am]
BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P

DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request;
Departmental Offices Information
Collection Requests
Departmental Offices,
Department of the Treasury.
ACTION: Notice.
AGENCY:

The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before August 24, 2022 to be assured
of consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Melody Braswell by
SUMMARY:

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emailing [email protected], calling
(202) 622–1035, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:

Office of Financial Research (OFR)
Title: Ongoing Data Collection of
Centrally Cleared Transactions in the
U.S. Repurchase Agreement Market.
OMB Number: 1505–0259.
Form Number: OFR SFT 1–1, 1–2 &
1–3.
Description: Regulations issued in
2019 established a data collection
covering centrally cleared transactions
in the U.S. repurchase agreement
(‘‘repo’’) market. This collection
requires daily reporting to the Office of
Financial Research (‘‘Office’’) by
covered central counterparties (‘‘CCPs’’).
The collected data will be used to
support the work of the Financial
Stability Oversight Council (the
‘‘Council’’), its member agencies, and
the Office to identify and monitor risks
to financial stability, and to support the
calculation of certain reference rates.
Type of Review: Extension without
change of a currently approved
collection.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents: 1
respondent.
Estimated Frequency of Response: On
occasion.
Estimated Total Number of Annual
Responses: 756 responses.
Estimated Time per Response: 2 hours
40 minutes.
Estimated Total Annual Burden
Hours: 2,016 hours.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022–15852 Filed 7–22–22; 8:45 am]
BILLING CODE 4810–AK–P

DEPARTMENT OF VETERANS
AFFAIRS
Notice of Availability of the Final
Programmatic Environmental Impact
Statement of the Department of
Veterans Affairs Housing Loan
Program
Department of Veterans Affairs.
Notice of availability.

AGENCY:
ACTION:

The Department of Veterans
Affairs (VA) announces the availability
of the Final Programmatic
Environmental Impact Statement (PEIS)
for VA’s Housing Loan Program (HLP).
The Final PEIS identifies, analyzes, and

SUMMARY:

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