30-Day Federal Register Notice

Federal Register / Vol. 87, No. 154 / Thursday, August 11, 2022 / Notices
(FMCSA–2022–0148) for this notice.
Note that DOT posts all comments
received without change to
www.regulations.gov, including any
personal information included in a
comment. Please see the Privacy Act
heading below.
Docket: For access to the docket to
read background documents or
comments, go to www.regulations.gov at
any time or visit Room W12–140 on the
ground level of the West Building, 1200
New Jersey Avenue SE, Washington,
DC, between 9 a.m. and 5 p.m., ET,
Monday through Friday, except Federal
holidays. To be sure someone is there to
help you, please call (202) 366–9317 or
(202) 366–9826 before visiting Dockets
Operations.
Privacy Act: In accordance with 49
U.S.C. 31315(b), DOT solicits comments
from the public to better inform its
exemption process. DOT posts these
comments, without edit, including any
personal information the commenter
provides, to www.regulations.gov, as
described in the system of records
notice DOT/ALL 14—FDMS, which can
be reviewed at https://
www.transportation.gov/privacy.
FOR FURTHER INFORMATION CONTACT: Mr.
Richard Clemente, Driver and Carrier
Operations Division; Office of Carrier,
Driver and Vehicle Safety Standards,
FMCSA, at (202) 366–2722 or by email
at [email protected]. If you have
questions on viewing or submitting
material to the docket, contact Dockets
Operations at (202) 366–9826.
SUPPLEMENTARY INFORMATION:
I. Public Participation and Request for
Comments
FMCSA encourages you to participate
by submitting comments and related
materials.

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Submitting Comments
If you submit a comment, please
include the docket number for this
notice (FMCSA–2022–0148), indicate
the specific section of this document to
which the comment applies, and
provide a reason for suggestions or
recommendations. You may submit
your comments and material online or
by fax, mail, or hand delivery, but
please use only one of these means.
FMCSA recommends that you include
your name and a mailing address, an
email address, or a phone number in the
body of your document so the Agency
can contact you if it has questions
regarding your submission.
To submit your comment online, go to
www.regulations.gov and put the docket
number (‘‘FMCSA–2022–0148’’) in the
‘‘Keyword’’ box, and click ‘‘Search.’’

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When the new screen appears, click on
the ‘‘Comment Now!’’ button and type
your comment into the text box in the
following screen. Choose whether you
are submitting your comment as an
individual or on behalf of a third party
and then submit. If you submit your
comments by mail or hand delivery,
submit them in an unbound format, no
larger than 81⁄2 by 11 inches, suitable for
copying and electronic filing. If you
submit comments by mail and would
like to know that they reached the
facility, please enclose a stamped, selfaddressed postcard or envelope. FMCSA
will consider all comments and material
received during the comment period.
II. Legal Basis
FMCSA has authority under 49 U.S.C.
31136(e) and 31315(b) to grant
exemptions from Federal Motor Carrier
Safety Regulations (FMCSRs). FMCSA
must publish a notice of each exemption
request in the Federal Register (49 CFR
381.315(a)). The Agency must provide
the public an opportunity to inspect the
information relevant to the application,
including any safety analyses that have
been conducted. The Agency must
provide an opportunity for public
comment on the request.
The Agency reviews safety analyses
and public comments submitted and
determines whether granting the
exemption would likely achieve a level
of safety equivalent to, or greater than,
the level that would be achieved by the
current regulation (49 CFR 381.305).
The Agency must publish its decision in
the Federal Register (49 CFR
381.315(b)) with the reasons for denying
or granting the application and, if
granted, the name of the person or class
of persons receiving the exemption and
the regulatory provision from which the
exemption is granted. The notice must
specify the effective period and explain
the terms and conditions of the
exemption. The exemption may be
renewed (49 CFR 381.300(b)).
III. Applicant’s Request
The NSTA has applied for an
exemption for CDL applicants from the
engine compartment component of the
pre-trip vehicle skills testing
requirement, known as the ‘‘under-thehood’’ testing requirement, in 49 CFR
383.113(a)(1)(i). The requested
exemption would apply to CDL
applicants seeking the school bus (S)
and passenger (P) endorsements and the
intrastate only (K) restriction. Drivers
issued a CDL pursuant to the requested
exemption would be restricted to the
intrastate operation of school buses
only. NSTA is a membership
organization for school bus contract-

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operators engaged primarily in
transporting students to and from school
and school-related activities. NSTA
believes the ‘‘under-the-hood’’ testing
requirement is a ‘‘barrier to entry for
new school bus drivers, contributing to
the nationwide driver shortage.’’ NSTA
requests the exemption for a five-year
period.
A copy of the NSTA application for
exemption is available for review in the
docket for this notice.
IV. Request for Comments
In accordance with 49 U.S.C.
31315(b), FMCSA requests public
comment from all interested persons on
the NSTA’s application for an
exemption. All comments received
before the close of business on the
comment closing date indicated at the
beginning of this notice will be
considered and will be available for
examination in the docket at the
location listed under the ADDRESSES
section of this notice. Comments
received after the comment closing date
will be filed in the public docket and
will be considered to the extent
practicable. In addition to late
comments, FMCSA will also continue to
file, in the public docket, relevant
information that becomes available after
the comment closing date. Interested
persons should continue to examine the
public docket for new material.
Larry W. Minor,
Associate Administrator for Policy.
[FR Doc. 2022–17228 Filed 8–10–22; 8:45 am]
BILLING CODE 4910–EX–P

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

SUMMARY:

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Federal Register / Vol. 87, No. 154 / Thursday, August 11, 2022 / Notices

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 January 20, 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, with
revision, the Country Exposure Report
(FFIEC 009) and the Country Exposure
Information Report (FFIEC 009a), which
are currently approved collections of
information. As described in the
SUPPLEMENTARY INFORMATION section,
after considering the comments received
on the proposal, the agencies are
proceeding with the proposed revisions
to the FFIEC 009 and FFIEC 009a, but
with certain modifications. In addition,
the agencies will make clarifying
revisions to the report form and
instructions in response to comments
received on the proposal. The agencies
are giving notice that they are sending
the collections to OMB for review. If
approved by OMB, these revisions
would take effect for the December 31,
2022, report date.
DATES: Comments must be submitted on
or before September 12, 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: You may submit comments,
which should refer to ‘‘FFIEC 009 and
FFIEC 009a,’’ by any of the following
methods:
• Email: [email protected].
• Mail: Chief Counsel’s Office, Office
of the Comptroller of the Currency,
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–
0100’’ 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.

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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
‘‘1557–0100’’ or ‘‘FFIEC 009 and FFIEC
009a.’’ 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 009 and
FFIEC 009a,’’ 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 009
and FFIEC 009a’’ 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 on
the Board’s website at https://
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.
FDIC: You may submit comments,
which should refer to ‘‘FFIEC 009 and
FFIEC 009a,’’ 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 009 and FFIEC 009a’’ in
the subject line of the message.

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• 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 009 and
FFIEC 009a reporting forms 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.
If you are hearing impaired, 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
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:
I. Summary
Report Titles: Country Exposure
Report and Country Exposure
Information Report.
Form Numbers: FFIEC 009 and FFIEC
009a.
Frequency of Response: Quarterly.
Affected Public: Business or other for
profit.
OCC
OMB Number: 1557–0100.

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Federal Register / Vol. 87, No. 154 / Thursday, August 11, 2022 / Notices
Estimated Number of Respondents: 10
(FFIEC 009), 4 (FFIEC 009a).
Estimated Average Time per
Response: 135 hours (FFIEC 009), 6.5
hours (FFIEC 009a).
Estimated Total Annual Burden:
5,400 hours (FFIEC 009), 104 hours
(FFIEC 009a).
Board
OMB Number: 7100–0035.
Estimated Number of Respondents: 49
(FFIEC 009), 37 (FFIEC 009a).
Estimated Average Time per
Response: 135 hours (FFIEC 009), 6.5
hours (FFIEC 009a).
Estimated Total Annual Burden:
26,460 hours (FFIEC 009), 962 hours
(FFIEC 009a).
FDIC
OMB Number: 3064–0017.
Estimated Number of Respondents: 13
(FFIEC 009), 10 (FFIEC 009a).
Estimated Average Time per
Response: 135 hours (FFIEC 009), 6.5
hours (FFIEC 009a).
Estimated Total Annual Burden:
7,020 hours (FFIEC 009), 260 hours
(FFIEC 009a).

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General Description of Reports
The Country Exposure Report (FFIEC
009) is filed quarterly with the agencies
and provides information on
international claims of U.S. banks,
savings associations, Edge and/or
Agreement corporations, bank holding
companies, savings and loan holding
companies, and U.S. intermediate
holding companies of foreign banking
organizations (collectively, U.S. banking
organizations) that is used for
supervisory and analytical purposes.
The information is used to monitor the
foreign country exposures of reporting
institutions to determine the degree of
risk in their portfolios and assess the
potential risk of loss. The Country
Exposure Information Report (FFIEC
009a) is a supplement to the FFIEC 009
and provides publicly available
information on material foreign country
exposures (i.e., all exposures to a foreign
country in excess of 1 percent of total
assets or 20 percent of total capital,
whichever is less) of U.S. banking
organizations that file the FFIEC 009
report. As part of the FFIEC 009a,
reporting institutions also must furnish
a list of countries in which they have
lending exposures above 0.75 percent of
total assets or 15 percent of total capital,
whichever is less.
Legal Basis and Need for Collection
These information collections are
mandatory under the following statutes:
12 U.S.C. 161 and 1817 (national banks),

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12 U.S.C. 1464 (federal savings
associations), 12 U.S.C. 248(a)(1) and
(2), 1844(c), and 3906 (state member
banks and bank holding companies); 12
U.S.C. 1467a(b)(2)(A) (savings and loan
holding companies); 12 U.S.C. 5365(a)
(intermediate holding companies); and
12 U.S.C. 1817 and 1820 (insured state
nonmember commercial and savings
banks and insured state savings
associations). The FFIEC 009
information collection is given
confidential treatment (5 U.S.C.
552(b)(4) and (b)(8)). The FFIEC 009a
information collection is not given
confidential treatment.
II. Current Actions
On January 20, 2022, the agencies
requested public comment to extend for
three years, with revision, the FFIEC
009 and FFIEC 009a. The comment
period closed on March 21, 2022. The
agencies received one comment letter
from a banking trade association. The
commenter requested clarification of
certain aspects of the proposed FFIEC
009 and FFIEC 009a reporting forms and
instructions. The specific comments and
the agencies’ responses follow.
First, the commenter noted that the
proposed change to the naming of
headers for Columns 13 through 17 and
18 through 22 of Schedule C, Part I,
which the agencies stated would be a
nonsubstantive change, could imply
that the risk transfers reported on the
FFIEC 009 would be limited to only
those with guarantors in countries other
than that of the immediate counterparty,
but would no longer include risk
transfers between different sectors
within the same country. The
commenter recommended renaming the
headers to include both other sectors
and other jurisdictions to ensure there
would be no substantive change in
reporting. The agencies agree with the
commenter’s recommendation and have
revised the headers accordingly. In
connection with the proposed changes
to the FFIEC 009 and FFIEC 009a, it was
the agencies’ intent that risk transfers
continue to be reported according to
existing reporting practices and in line
with the instructions.
Second, the commenter asked for
clarification on whether claims where
cash collateral is provided should be
included in Column 18 of Schedule C,
Part II. Furthermore, the commenter
stated that the use of ‘‘collateral’’ with
respect to Column 18 seemed out of
place and not parallel to the instructions
for Column 17. In response to the
comment, the agencies have combined
the instructions for Columns 17 and 18
to emphasize that the same claims are
to be reported, but the risk is to be

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assigned by different criteria.
Furthermore, the revised instructions
state that cash held as collateral should
not be reported in these columns.
Third, with regard to Schedule C, Part
II, columns, 13 through 18, the
commenter asked for clarification on the
reporting of collateral held against
claims where risk transfer occurs
because the guarantor is located in a
different country, or is from a different
sector than the immediate counterparty
even though collateral held against the
claim does not meet the definition of
collateral for risk transfer. This would
occur in an overnight resale agreement,
collateralized by securities, with a
foreign branch of a bank that is
headquartered in a third country. In
response to the comment, the agencies
have amended the instructions to clarify
that collateral held against claims that
are subject to risk transfer does not need
to be reported in columns 13 through 18
of Schedule C, Part II.
Fourth, the commenter requested
clarification on the reporting basis for
Columns 1 and 2 of Schedule L, as the
agencies proposed to rename the
reporting basis for these columns in
Appendix A of the instructions but did
not propose to change the substantive
instructions. The commenter proposed
to amend the instructions for these
columns to state that deposits of a
foreign branch are assumed to be
liabilities of the branch unless they are
explicitly guaranteed outside of the
country where the branch is located.
This represents a change from the
current instructions, which refer to
deposits that are redeemable elsewhere
(rather than guaranteed elsewhere). The
agencies consider the modification as
originally proposed to be a change in
name rather than a substantive
alteration. The agencies note that there
was no change in the instructions for
Columns 1 and 2 of Schedule L from the
2019 version and the proposed
amendment is out of scope for the
current revision. Accordingly, the
agencies have decided not to change the
corresponding instructions as
recommended by the commenter.
However, after further consideration
and in the interest of clarity, the
agencies are revising the form to leave
blank the ‘‘Reporting Basis’’ entry in
Appendix A (rightmost column) in the
row addressing Columns 1 and 2 of
Schedule L (which was originally
proposed to be ‘‘Guarantor Basis’’). This
change provides a useful clarification
because the location is that of the
foreign office, not the counterparty, and
thus neither Immediate-Counterparty
nor Guarantor Basis is applicable.
Furthermore, as established in section

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II.C of the FFIEC 009 general
instructions, the ImmediateCounterparty versus Guarantor Basis
distinction is to be reported only for
claims and not for liabilities.
Fifth, the commenter noted that the
draft reporting instructions for Column
2 of the FFIEC 009a report instruct firms
to report the sum of Columns 6 through
10 from Schedule C, Part I, of the FFIEC
009 report,’’ which are ‘‘Claims on Local
Residents in Non-Local Currency.’’
However, the proposal does not provide
an indication in the heading for Column
2 of the FFIEC 009a that the data
reported in the column should be
limited to only claims on local residents
in non-local currency, nor is there any
reference in the draft instructions for the
reporting of claims on local residents in
local currency. The commenter
recommended the agencies clarify
whether the data in Column 2 should
include claims on local residents in
both local and non-local currencies and
subsequently modify the heading for
Column 2 to clearly specify what is to
be captured.
The commenter also stated if the
intention for new Columns 1 and 2 of
the FFIEC 009a is to collect data on the
total claims by the immediate
counterparty and as a result should
reflect the claims in both local and nonlocal currencies, the agencies should
clarify the reporting instructions for
Column 2 to reference Column 12 from
Schedule C, Part I of the FFIEC 009 to
incorporate claims on local residents in
local currency. The agencies agree both
new Columns 1 and 2 of the FFIEC 009a
should reflect total claims by immediate
counterparty and Column 2 should
include claims that are reflected in
column 12, Schedule C, Part 1 of the
FFIEC 009, in addition to those reflected
in columns 6 through 12. Therefore, the
agencies agree with the commenter’s
recommendation to include a reference
to Column 12 from Schedule C, Part I
of the FFIEC 009 in the FFIEC 009a
instructions for Column 2 and will
modify the heading for Column 2 on the
FFIEC 009a report form to specify what
is included.
Sixth, the commenter noted that
Schedule D of the FFIEC 009 collects
information on the fair value of
derivative contracts, and the headers for
new Column 1 ‘‘Amount of Cross-border
Claims Outstanding’’ and Column 2
‘‘Amount of Foreign Office Claims on
Local Residents’’ of the FFIEC 009a
explicitly indicate that firms should
exclude derivative products. The
commenter pointed out that referencing
Schedule D in the instructions for new
Columns 8 through 11 of the FFIEC 009a
created an inconsistency and

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recommended removing the references
to Schedule D from the instructions of
Columns 8 through 11. The agencies
note that the amounts in Columns 8
through 11, which are reported on an
immediate counterparty basis,
correspond to the cross-sectoral
aggregated amounts in Columns 1 and 2
which are not intended to include
derivatives. Therefore, the agencies
agree with the commenter’s
recommendation to remove the
references to Schedule D of the FFIEC
009 and will modify the instructions
accordingly.
Seventh, the commenter noted an
inconsistency in the proposed FFIEC
009a instructions for Column 3
‘‘Amount of Cross-border Claims
Outstanding After Mandated
Adjustments for Transfer of Exposure
(excluding derivative products)’’
(existing Column 1), Column 4
‘‘Amount of Foreign Office Claims on
Local Residents (excluding derivative
products)’’ (existing Column 2) and
Columns 12 through 15 (existing
Columns 6 through 9), which
redistribute the same amounts reported
in Columns 3 and 4. The commenter
noted that there is a conflict because, by
including references to FFIEC 009
Schedule D, the instructions imply that
Columns 12 through 15 include
derivative products, while derivatives
are explicitly excluded from Columns 3
and 4. The commenter recommended
that the agencies revise the reporting
instructions for Columns 12 through 15
to remove the references to the FFIEC
009, Schedule D thereby removing
derivatives from the reporting of
guarantor basis claims in the sector
breakdown of Columns 12 through 15.
The agencies agree there is an
inconsistency, Columns 3 and 4
correctly exclude derivatives, whereas
Columns 12 through 15 are intended to
include derivatives. Derivatives are
listed in Column 5 and included in
Column 6, total claims on a guarantor
basis, which is the sum of Columns 3,
4, and 5. Therefore, the agencies will
revise the column headers and the
instructions for Columns 12 through 17
of the FFIEC 009a to reference the total
in Column 6 and note derivative
products are to be included. Therefore,
Columns 12 through 15 will include
derivatives and retain the references to
Schedule D of the FFIEC 009.
Eighth, the commenter noted that,
given the changes to the FFIEC 009 and
the renumbering of columns, the
instructions for the new Column 24
(currently Column 18) of the FFIEC 009a
‘‘Of Which, Resale Agreements and
Securities Lending (Counterparty)’’
incorrectly references FFIEC 009

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Schedule C, Part II, Column 16.
Additionally, the commenter noted that
the column header for Column 24 does
not include ‘‘Reverse Repurchase
Agreements’’ which is inconsistent with
the column headers of Columns 17 and
18 on the FFIEC 009, Schedule C, Part
II, which are ‘‘Of Which, Resale and
Reverse Repurchase Agreements and
Securities Lending (Counterparty)’’ and
‘‘Of Which, Resale and Reverse
Repurchase Agreements and Securities
Lending (Collateral),’’ respectively.
Therefore, the commenter
recommended that the agencies revise
the reporting instructions for Column 24
of the FFIEC 009a to reference Column
17 of Schedule C, Part II of the FFIEC
009 and revise the header for Column 24
of the FFIEC 009a, to read ‘‘Of Which,
Resale and Reverse Repurchase
Agreements and Securities Lending
(Counterparty),’’ to be consistent with
the headers in the corresponding
columns of the FFIEC 009. The agencies
agree with the commenter and will
revise the instructions and headers
accordingly.
Lastly, the commenter expressed a
concern that there is potentially
conflicting guidance regarding CUSIP
netting practices in the FFIEC 009.
Specifically, the commenter noted that
the agencies had provided one method
for netting in a Frequently Asked
Question issued in September 2015,
while a different method was described
in informal guidance during a 2016
regulatory reporting seminar conducted
by one of the agencies. In 2019, the
agencies received a related comment on
whether CUSIP netting in the FFIEC 009
should follow U.S. GAAP. In response
to that comment, the agencies clarified
that CUSIP netting should not follow
U.S. GAAP and reiterated that the
current FFIEC 009 instructions
(incorporating the method described in
September 2015) is the correct method
for CUSIP netting in the FFIEC 009.1
The agencies continue to confirm that
only the CUSIP netting method
described in the FFIEC 009 instructions
is appropriate.
III. Request for Comment
Public comment is requested on all
aspects of this notice. Comment is also
specifically invited on:
(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
1 See

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Federal Register / Vol. 87, No. 154 / Thursday, August 11, 2022 / Notices
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.
Margaret McCloskey Shanks,
Deputy Secretary of the Board. Board of
Governors of the Federal Reserve System.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on August 4,
2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022–17229 Filed 8–10–22; 8:45 am]
BILLING CODE P

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Comment Request;
Assessment of Fees
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:

The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites
comment on a continuing information
collection as required by the Paperwork
Reduction Act of 1995 (PRA). In
accordance with the requirements of the
PRA, the OCC 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 OCC is
soliciting comment concerning the
renewal of its information collection
titled, ‘‘Assessment of Fees.’’
DATES: You should submit written
comments by October 11, 2022.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:

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• Email: [email protected].
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, Office
of the Comptroller of the Currency,
Attention: 1557–0223, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0223’’ 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.
Following the close of this notice’s
60-day comment period, the OCC will
publish a second notice with a 30-day
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. Click on ‘‘Information
Collection Review.’’ 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
‘‘1557–0223’’ or ‘‘Assessment of Fees.’’
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.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance
Officer, (202) 649–5490, Chief Counsel’s
Office, Office of the Comptroller of the
Currency, 400 7th Street SW,
Washington, DC 20219. If you are deaf,
hard of hearing, or have a speech
disability, please dial 7–1–1 to access
telecommunications relay services.

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Under the
PRA (44 U.S.C. 3501 et seq.), Federal
agencies must obtain approval from the
OMB for each collection of information
that they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, and/or
provide information to a third party.
Section 3506(c)(2)(A) of title 44
generally requires Federal agencies to
provide a 60-day notice in the Federal
Register concerning each proposed
collection of information, including
each proposed extension of an existing
collection of information, before
submitting the collection to OMB for
approval. To comply with this
requirement, the OCC is publishing
notice of the proposed collection of
information set forth in this document.
The OCC is proposing to extend OMB
approval of the following information
collection:
Title: Assessment of Fees.
OMB Control No.: 1557–0223.
Affected Public: Business or other forprofit.
Type of Review: Regular review.
Abstract: The OCC is requesting
comment on its proposed extension,
without change, of the information
collection titled, ‘‘Assessment of Fees.’’
The OCC is authorized by the National
Bank Act (for national banks and
Federal branches and agencies) and the
Home Owners Loan Act (for Federal
savings associations) to collect
assessments, fees, and other charges as
necessary or appropriate to carry out the
responsibilities of the OCC. 12 U.S.C.
16, 481, 482 and 1467. The OCC
requires independent credit card
national banks and independent credit
card Federal savings associations
(collectively, independent credit card
institutions) to pay an additional
assessment based on receivables
attributable to accounts owned by the
national bank or Federal savings
association. 12 CFR 8.2(c). Independent
credit card institutions are national
banks or Federal savings associations
that engage primarily in credit card
operations and are not affiliated with a
full-service national bank or full-service
Federal savings association. 12 CFR
8.2(c)(3)(vi) and (vii). Under 12 CFR
8.2(c)(2), the OCC also has the authority
to assess an independent credit card
institution that is affiliated with a fullservice national bank or full-service
Federal savings association if the OCC
concludes that the affiliation is intended
to evade the requirements of 12 CFR
part 8.

SUPPLEMENTARY INFORMATION:

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