82580 Federal Register / Vol. 85, No. 244 / Friday, December 18, 2020 / Notices 

CV and a restatement of the current 

sector they represent by the deadline. 

Nominations are open to all individuals 

without regard to race, color, religion, 

sex, national origin, age, mental or 

physical disability, marital status, or 

sexual orientation. Evaluations will be 

based on the materials submitted. 

Authority: 42 U.S.C. 300d–4(b); 49 CFR 

1.95(i)(4). 

Issued in Washington, DC. 

Nanda Narayanan Srinivasan, 

Associate Administrator, Research and 

Program Development. 

[FR Doc. 2020–27942 Filed 12–17–20; 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 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: 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. 

SUMMARY: 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 revise and extend the 

Consolidated Reports of Condition and 

Income (Call Reports) (FFIEC 031, 

FFIEC 041, and FFIEC 051), which are 

currently approved collections of 

information. The agencies are requesting 

comment on a change to the Call Report 

forms and instructions (FFIEC 031 and 

FFIEC 041 only) to implement the 

FDIC’s proposed amendments to the 

deposit insurance assessment system 

applicable to all large insured 

depository institutions (IDIs), including 

highly complex IDIs, to address the 

temporary deposit insurance assessment 

effects resulting from certain optional 

regulatory capital transition provisions 

relating to the implementation of the 

current expected credit losses (CECL) 

methodology. The change to the Call 

Reports would enable the FDIC to 

remove the double counting of a 

specified portion of the CECL 

transitional amount or the modified 

CECL transitional amount, as applicable 

(collectively, the CECL transitional 

amounts), in certain financial measures 

that are calculated using the sum of Tier 

1 capital and reserves and that are used 

to determine assessment rates for large 

and highly complex IDIs. 

DATES: Comments must be submitted on 

or before February 16, 2021. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

any or all of the agencies. All comments, 

which should refer to the ‘‘Call Report 

Deposit Insurance Assessment-Related 

Revisions,’’ will be shared among the 

agencies. 

OCC: You may submit comments, 

which should refer to ‘‘Call Report 

Deposit Insurance Assessment-Related 

Revisions,’’ by any of the following 

methods: 

• Email: prainfo@occ.treas.gov. 

• Mail: Chief Counsel’s Office, Office 

of the Comptroller of the Currency, 

Attention: 1557–0081, 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– 

0081’’ 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 following 

method: 

• 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 

‘‘1557–0081.’’ 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 ‘‘Call Report 

Deposit Insurance Assessment-Related 

Revisions,’’ 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 ‘‘Call Report 

Deposit Insurance Assessment-Related 

Revisions’’ in the subject line of the 

message. 

• Fax: (202) 395–6974. 

• 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 ‘‘Call Report 

Deposit Insurance Assessment-Related 

Revisions,’’ 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: comments@FDIC.gov. 

Include ‘‘Call Report Deposit Insurance 

Assessment-Related Revisions’’ in the 

subject line of the message. 

• Mail: Manuel E. Cabeza, Counsel, 

Attn: Comments, Room MB–3128, 

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 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 85, No. 244 / Friday, December 18, 2020 / Notices 82581 

(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 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_

submission@omb.eop.gov. 

FOR FURTHER INFORMATION CONTACT: For 

further information about the proposed 

revisions to the information collections 

discussed in this notice, please contact 

any of the agency staff whose names 

appear below. In addition, copies of the 

report forms for the Call Reports 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. 

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. Report Summary 

The agencies propose to extend for 

three years, with revision, their 

information collections associated with 

the FFIEC 031, FFIEC 041, and FFIEC 

051 Call Reports. 

Report Title: Consolidated Reports of 

Condition and Income (Call Report). 

Form Number: FFIEC 031 

(Consolidated Reports of Condition and 

Income for a Bank with Domestic and 

Foreign Offices), FFIEC 041 

(Consolidated Reports of Condition and 

Income for a Bank with Domestic 

Offices Only), and FFIEC 051 

(Consolidated Reports of Condition and 

Income for a Bank with Domestic 

Offices Only and Total Assets Less Than 

$5 Billion). 

Frequency of Response: Quarterly. 

Affected Public: Business or other forprofit. 

Type of Review: Revision and 

extension of currently approved 

collections. 

OCC 

OMB Control No.: 1557–0081. 

Estimated Number of Respondents: 

1,111 national banks and federal savings 

associations. 

Estimated Average Burden per 

Response: 41.92 burden hours per 

quarter to file. 

Estimated Total Annual Burden: 

186,292 burden hours to file. 

Board 

OMB Control No.: 7100–0036. 

Estimated Number of Respondents: 

739 state member banks. 

Estimated Average Burden per 

Response: 45.40 burden hours per 

quarter to file. 

Estimated Total Annual Burden: 

134,202 burden hours to file. 

FDIC 

OMB Control No.: 3064–0052. 

Estimated Number of Respondents: 

3,263 insured state nonmember 

banksand state savings associations. 

Estimated Average Burden per 

Response: 39.96 burden hours per 

quarter to file. 

Estimated Total Annual Burden: 

521,558 burden hours to file. 

The estimated average burden hours 

collectively reflect the estimates for the 

FFIEC 031, the FFIEC 041, and the 

FFIEC 051 reports for each agency. 

When the estimates are calculated by 

type of report across the agencies, the 

estimated average burden hours per 

quarter are 85.85 (FFIEC 031), 55.20 

(FFIEC 041), and 35.27 (FFIEC 051). The 

change to the FFIEC 031 and FFIEC 041 

Call Report forms and instructions 

proposed in this notice would not have 

a material impact on the existing burden 

estimates. This notice does not propose 

any changes to the FFIEC 051. The 

estimated burden per response for the 

quarterly filings of the Call Report is an 

average that varies by agency because of 

differences in the composition of the 

institutions under each agency’s 

supervision (e.g., size distribution of 

institutions, types of activities in which 

they are engaged, and existence of 

foreign offices). 

Type of Review: Extension and 

revision of currently approved 

collections. 

Legal Basis and Need for Collections 

The Call Report information 

collections are mandatory: 12 U.S.C. 161 

(national banks), 12 U.S.C. 324 (state 

member banks), 12 U.S.C. 1817 (insured 

state nonmember commercial and 

savings banks), and 12 U.S.C. 1464 

(federal and state savings associations). 

At present, except for selected data 

items and text, these information 

collections are not given confidential 

treatment. 

Banks and savings associations 

submit Call Report data to the agencies 

each quarter for the agencies’ use in 

monitoring the condition, performance, 

and risk profile of individual 

institutions and the industry as a whole. 

Call Report data serve a regulatory or 

public policy purpose by assisting the 

agencies in fulfilling their shared 

missions of ensuring the safety and 

soundness of financial institutions and 

the financial system and protecting 

consumer financial rights, as well as 

agency-specific missions affecting 

national and state-chartered institutions, 

such as conducting monetary policy, 

ensuring financial stability, and 

administering federal deposit insurance. 

Call Reports are the source of the most 

current statistical data available for 

identifying areas of focus for on-site and 

off-site examinations. Among other 

purposes, the agencies use Call Report 

data in evaluating institutions’ corporate 

applications, including interstate merger 

and acquisition applications for which 

the agencies are required by law to 

determine whether the resulting 

institution would control more than 10 

percent of the total amount of deposits 

of insured depository institutions in the 

United States. Call Report data also are 

used to calculate institutions’ deposit 

insurance assessments and national 

banks’ and federal savings associations’ 

semiannual assessment fees. 

II. Current Action 

A. Background 

Upon adoption of the CECL 

methodology, an institution will record 

a one-time adjustment to its credit loss 

allowances as of the beginning of its 

fiscal year of adoption equal to the 

difference, if any, between the amount 

of credit loss allowances required under 

the incurred loss methodology and the 

amount of credit loss allowances 

required under CECL. An institution’s 

implementation of CECL will affect its 

retained earnings, deferred tax assets, 

credit loss allowances, and, as a result, 

its regulatory capital ratios. 

In recognition of the potential for the 

implementation of CECL to affect 

regulatory capital ratios, on February 14, 

2019, the agencies issued a final rule 

that revised certain regulations, 

including the agencies’ regulatory 


khammond on DSKJM1Z7X2PROD with NOTICES
82582 Federal Register / Vol. 85, No. 244 / Friday, December 18, 2020 / Notices 

1 12 CFR part 3 (OCC); 12 CFR part 217 (Board); 

12 CFR part 324 (FDIC). 

2 84 FR 4222 (Feb. 14, 2019). 

3 85 FR 17723 (Mar. 31, 2020). 

4See 85 FR 61577 (Sept. 30, 2020). 

5See 85 FR 61578 (Sept. 30, 2020). 

6See 12 CFR 327.8 and 12 CFR 327.16(f). 

7See 12 CFR 3.301 (OCC); 12 CFR 217.301 

(Board); 12 CFR 324.301 (FDIC). 

8 85 FR 78794 (Dec. 7, 2020). 

capital regulations (capital rule),1 to 

account for the aforementioned changes 

to credit loss accounting under U.S. 

generally accepted accounting 

principles (GAAP), including CECL 

(2019 CECL rule).2 The 2019 CECL rule 

includes a transition provision that 

allows institutions to phase in over a 

three-year period the day-one adverse 

effects of CECL on their regulatory 

capital ratios. 

As part of the efforts to address the 

disruption of economic activity in the 

United States caused by the spread of 

the coronavirus disease 2019 (COVID– 

19), on March 31, 2020, the agencies 

adopted a second CECL transition 

provision through an interim final rule.3

The agencies subsequently adopted a 

final rule (2020 CECL rule) on 

September 30, 2020, that is consistent 

with the interim final rule, with some 

clarifications and adjustments related to 

the calculation of the transition and the 

eligibility criteria for using the 2020 

CECL transition provision.4 The 2020 

CECL rule provides that only 

institutions that adopt CECL for a fiscal 

year that begins during the 2020 

calendar year, have the option to delay 

for up to two years an estimate of 

CECL’s effect on regulatory capital, 

followed by a three-year transition 

period (i.e., a five-year transition period 

in total). The 2020 CECL rule does not 

replace the three-year transition 

provision in the 2019 CECL rule, which 

remains available to any institution at 

the time that it adopts CECL.5

Certain financial measures that are 

used to determine assessment rates for 

large and highly complex institutions 6

are calculated using both Tier 1 capital 

and reserves. For institutions that elect 

either the three-year transition provision 

contained in the 2019 CECL rule or the 

five-year transition provision contained 

in the 2020 CECL rule, the amount of 

Tier 1 capital reported in Call Report 

Schedule RC–R, Part I, item 26, includes 

(due to adjustments to the amount of 

retained earnings reported on the Call 

Report balance sheet) the applicable 

portion of the CECL transitional amount 

(or the modified CECL transitional 

amount). For deposit insurance 

assessment purposes, reserves are 

calculated using the amount of the 

allowance for loan and lease losses 

reported in Call Report Schedule RC, 

item 4.c. For all institutions that have 

adopted CECL, Schedule RC, item 4.c, 

reflects the allowance for credit losses 

on loans and leases. The issue of double 

counting arises in certain financial 

measures used to determine assessment 

rates for large and highly complex 

institutions that are calculated using 

both Tier 1 capital and reserves because 

the allowance for credit losses on loans 

and leases is included during the 

transition period in both reserves and, 

as a portion of the CECL or modified 

CECL transitional amount, Tier 1 

capital. 

For institutions that elect either the 

three-year transition provision 

contained in the 2019 CECL rule or the 

five-year transition provision contained 

in the 2020 CECL rule, the CECL 

transitional amounts, as defined in the 

regulatory capital rules,7 additionally 

include the effect on retained earnings, 

net of tax effect, of establishing 

allowances for credit losses in 

accordance with the CECL methodology 

on held-to-maturity (HTM) debt 

securities, other financial assets 

measured at amortized cost, and offbalance sheet credit exposures as of the 

beginning of the fiscal year of adoption. 

The applicable portions of the CECL 

transitional amounts attributable to 

allowances for credit losses on HTM 

debt securities, other financial assets 

measured at amortized cost, and offbalance sheet credit exposures are 

included in Tier 1 capital only and are 

not double counted with reserves for 

deposit insurance assessment purposes. 

To address the temporary deposit 

insurance assessment effects resulting 

from certain optional regulatory capital 

transition provisions under the 2019 

and 2020 CECL rules, the FDIC 

proposed amendments to the deposit 

insurance assessment system applicable 

to all large and highly complex IDIs on 

December 7, 2020.8 Under these 

proposed amendments to the 

assessment system, the FDIC would 

remove the double counting of the 

applicable portion of the CECL 

transitional amounts that is added to 

retained earnings for regulatory capital 

purposes and is attributable to the 

allowance for credit losses on loans and 

leases held for investment in certain 

financial measures that are calculated 

using the sum of Tier 1 capital and 

reserves, and also from the loss severity 

measure, which are used to determine 

assessment rates for large and highly 

complex institutions. 

B. Proposed New Memorandum Item To 

Remove Double Counting 

In calculating certain financial 

measures used in the scorecards for 

determining deposit insurance 

assessment rates for large and highly 

complex institutions, the FDIC has 

proposed to remove a portion of the 

CECL transitional amounts added to 

retained earnings for regulatory capital 

purposes under the transitions provided 

for under the 2019 or 2020 CECL rules. 

Specifically, in certain measures used in 

the scorecard approach for determining 

assessment rates for large and highly 

complex institutions, the applicable 

portion of the CECL transitional amount 

(or modified CECL transitional amount) 

that is added to retained earnings for 

regulatory capital purposes and is 

attributable to the allowance for credit 

losses on loans and leases held for 

investment would be removed under the 

FDIC’s proposal. However, large and 

highly complex institutions that have 

elected a CECL transition provision do 

not currently report these specific 

portions of the CECL transitional 

amounts in the Call Report. Thus, 

implementing the FDIC’s proposed 

amendments to the risk-based deposit 

insurance assessment system applicable 

to large and highly complex institutions 

requires a new, temporary 

memorandum item and corresponding 

changes to the FFIEC 031 and FFIEC 041 

versions of the Call Report forms and 

instructions. 

In this regard, the CECL effective 

dates assigned by the Financial 

Accounting Standards Board’s 

Accounting Standards Update (ASU) 

No. 2016–13, Financial Instruments— 

Credit Losses, Topic 326, Measurement 

of Credit Losses on Financial 

Instruments (ASU 2016–13) as most 

recently amended by ASU No. 2019–10, 

the optional temporary relief from 

complying with CECL afforded by the 

CARES Act, and the transitions under 

the 2019 CECL rule and 2020 CECL rule 

provide that, at present, all institutions 

will have completely reflected in 

regulatory capital the day-one effects of 

CECL (plus, if applicable, an estimate of 

CECL’s effect on regulatory capital, 

relative to the incurred loss 

methodology’s effect on regulatory 

capital, during the first two years of 

CECL adoption) by December 31, 2026. 

As a result, the reporting change for 

large and highly complex institutions 

would be required only while the 

temporary relief under the 2019 and 

2020 CECL rules is reflected in 

institutions’ Call Reports. The agencies 

would remove the proposed new Call 

Report item when all large and highly 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 85, No. 244 / Friday, December 18, 2020 / Notices 82583 

complex institutions are no longer using 

a CECL transition. 

Specifically, the agencies propose to 

add a new Memorandum item 5 to 

Schedule RC–O, Other Data for Deposit 

Insurance Assessments, in the FFIEC 

031 and the FFIEC 041 Call Reports, 

only in order to quantify the applicable 

portions of the CECL transitional 

amounts added to retained earnings for 

regulatory capital purposes and 

attributable to the allowance for credit 

losses on loans and leases held for 

investment. The removal of this portion 

of the CECL transitional amounts is 

needed because, for large and highly 

complex institutions that have adopted 

CECL, the measure of reserves used in 

the scorecard is limited to the allowance 

for credit losses on loans and leases. 

To adjust the calculations of certain 

financial measures used to determine 

deposit insurance assessment rates for 

large and highly complex institutions, 

the FDIC would remove the amount 

reported in the new Schedule RC–O 

Memorandum item from scorecard 

measures that are calculated using the 

sum of Tier 1 capital and reserves and 

also from the loss severity measure in 

the scorecards. 

C. Timing 

Beginning with the June 30, 2021, Call 

Report, Schedule RC–O, Memorandum 

item 5, ‘‘Applicable portion of the CECL 

transitional amount or modified CECL 

transitional amount that has been added 

to retained earnings for regulatory 

capital purposes as of the report date 

and is attributable to loans and leases 

held for investment,’’ would be 

completed only by large and highly 

complex institutions that have adopted 

ASU 2016–13 and reported having a 

CECL transition election in effect as of 

the quarter-end report date. 

The specific wording of the caption 

for the proposed new Schedule RC–O 

Memorandum item discussed in this 

proposal and the numbering of this 

Memorandum item should be regarded 

as preliminary. 

III. Request for Comment 

Public comment is requested on all 

aspects of this joint notice. Comment is 

specifically invited on: 

(a) Whether the proposed revisions to 

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 information. 

Comments submitted in response to 

this joint notice will be shared among 

the agencies. 

Bao Nguyen, 

Principal Deputy Chief Counsel,Office of the 

Comptroller of the Currency.Board of 

Governors of the Federal Reserve System. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

Dated at Washington, DC, on or about 

December 14, 2020. 

Federal Deposit Insurance Corporation. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2020–27847 Filed 12–17–20; 8:45 am] 

BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

VA High Risk List Action Plan, 

Managing Risks, and Improving VA 

Health Care 

AGENCY: Department of Veterans Affairs. 

ACTION: Notice. 

SUMMARY: Notice is given that the 

Department of Veteran Affairs (VA) 

High Risk List Action Plan—Managing 

Risks and Improving VA Health Care 

report to the U.S. Government 

Accountability Office (GAO) is available 

for public review at https://www.va.gov/ 

performance/. The March 2020 

document is VA’s action plan for 

addressing the five broad management 

issues described by the GAO in its 2015 

High Risk Series Update, which include: 

policy and processes, oversight and 

accountability, information technology 

(IT), adequate training, and resource 

allocation. 

FOR FURTHER INFORMATION CONTACT: 

Karen Rasmussen, M.D., Director for 

GAO–OIG Accountability Liaison at 

(202) 461–6643 or 

VHA10BGOALGAOHRL@va.gov. 

SUPPLEMENTARY INFORMATION: VA’s 

commitment to addressing the 

management functions GAO highlighted 

in its report will ensure large initiatives 

are reinforced by sound policy; are 

implemented by staff with the right 

knowledge, skills, and abilities; receive 

the right IT support; identify and secure 

essential human and financial 

resources; have management oversight; 

and are accountable throughout 

planning, implementation, and 

reinforcement. To that end, VA’s 2020 

plan includes over 250 actions 

underway and other measures to 

monitor progress toward achieving the 

outcomes described in Chapter 2. The 

plan also identifies key transformational 

initiatives from the Veterans Health 

Administration’s Plan for 

Modernization that complement or 

contribute to resolution of the areas of 

concern (Chapter 1). 

Signing Authority 

The Secretary of Veterans Affairs, or 

designee, approved this document and 

authorized the undersigned to sign and 

submit the document to the Office of the 

Federal Register for publication 

electronically as an official document of 

the Department of Veterans Affairs. 

Brooks D. Tucker, Assistant Secretary 

for Congressional and Legislative 

Affairs, Performing the Delegable Duties 

of the Chief of Staff, Department of 

Veterans Affairs, approved this 

document on December 14, 2020, for 

publication. 

Jeffrey M. Martin, 

Assistant Director, Office of Regulation Policy 

& Management, Office of the Secretary, 

Department of Veterans Affairs. 

[FR Doc. 2020–27939 Filed 12–17–20; 8:45 am] 

BILLING CODE 8320–01–P 


khammond on DSKJM1Z7X2PROD with NOTICES