[Federal Register Volume 76, Number 159 (Wednesday, August 17, 2011)]
[Notices]
[Pages 51123-51125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-20885]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

Federal Reserve System

Federal Deposit Insurance Corporation


Agency Information Collection Activities; Submission for OMB 
Review and Approval; Joint Comment Request

AGENCIES: Office of the Comptroller of the Currency, Treasury (OCC); 
Board of Governors of the Federal Reserve System (Board); and Federal 
Deposit Insurance Corporation (FDIC).

ACTION: Notice of information collection to be submitted to OMB for 
review and approval under the Paperwork Reduction Act of 1995.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act (PRA) of 1995 (44 U.S.C. chapter 35), the OCC, the Board, and the

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FDIC, (collectively, 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 agencies, as part of their continuing effort 
to reduce paperwork and respondent burden, invites the general public 
and other Federal agencies to comment on a continuing information 
collection, as required by the Paperwork Reduction Act of 1995.
    On July 21, 2010, President Barack Obama signed into law the Dodd-
Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). 
As part of the comprehensive package of financial regulatory reform 
measures enacted, Title III of the Dodd-Frank Act transfers the powers, 
authorities, rights and duties of the Office of Thrift Supervision 
(OTS) to other banking agencies, including the Office of the 
Comptroller of the Currency (OCC), on the ``transfer date.'' The 
transfer date is one year after the date of enactment of the Dodd-Frank 
Act, July 21, 2011. The Dodd-Frank Act also abolishes the OTS ninety 
days after the transfer date. As a result of the Dodd-Frank Act, OTS 
transferred this information collection to the OCC.
    Notice is hereby given of the final approval of proposed 
information collection by the Board under OMB delegated authority, as 
per 5 CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on 
the Public). The OCC and FDIC are also giving notice that they have 
sent the collection to OMB for review and approval.

DATES: Comments must be received by September 16, 2011.

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, will be shared among the agencies. Comments should be 
addressed to:
    OCC: Communications Division, Office of the Comptroller of the 
Currency, Mailstop 2-3, Attention: 1557-0242, 250 E Street, SW., 
Washington, DC 20219. In addition, comments may be sent by fax to (202) 
874-5274, or by electronic mail to <a href="/cdn-cgi/l/email-protection#91e3f4f6e2bff2fefcfcf4ffe5e2d1fef2f2bfe5e3f4f0e2bff6fee7"><span class="__cf_email__" data-cfemail="46342321356825292b2b232832350629252568323423273568212930">[email protected]</span></a>. You may 
personally inspect and photocopy the comments at the OCC, 250 E Street, 
SW., Washington, DC 20219. For security reasons, the OCC requires that 
visitors make an appointment to inspect comments. You may do so by 
calling (202) 874-4700. Upon arrival, visitors will be required to 
present valid government-issued photo identification and to submit to 
security screening in order to inspect and photocopy comments.
    Board: You may submit comments, identified by FR 4199, by any of 
the following methods:
    <bullet> Agency Web Site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/.
    <bullet> Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
    <bullet> Fax: (202) 452-3819 or (202) 452-3102.
    <bullet> Mail: Jennifer J. Johnson, 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 Web site at 
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as 
submitted, except as necessary for technical reasons. Accordingly, your 
comments will not be edited to remove any identifying or contact 
information. Public comments may also be viewed electronically or in 
paper form in Room MP-500 of the Board's Martin Building (20th and C 
Streets, NW.) between 9 a.m. and 5 p.m. on weekdays.
    FDIC: You may submit comments by any of the following methods:
    <bullet> Agency Web Site: http://www.fdic.gov/regulations/laws/federal/notices.html. Follow instructions for submitting comments on 
the Agency Web Site.
    <bullet> E-mail: <a href="/cdn-cgi/l/email-protection#11527e7c7c747f656251575558523f767e67"><span class="__cf_email__" data-cfemail="b4f7dbd9d9d1dac0c7f4f2f0fdf79ad3dbc2">[email protected]</span></a>. Include ``Basel II Supervisory 
Guidance'' in the subject line of the message.
    <bullet> Mail: Robert E. Feldman, Executive Secretary, Attention: 
Comments, Federal Deposit Insurance Corporation, 550 17th Street, NW., 
Washington, DC 20429.
    <bullet> Hand Delivery/Courier: Guard station at the rear of the 
550 17th Street Building (located on F Street) on business days between 
7 a.m. and 5 p.m. (EST).
    <bullet> Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
    <bullet> Public Inspection: All comments received will be posted 
without change to http://www.fdic.gov/regulations/laws/federal 
including any personal information provided. Comments may be inspected 
and photocopied in the FDIC Public Information Center, 3501 North 
Fairfax Drive, Room E-1002, Arlington, VA 22226, between 9 a.m. and 5 
p.m. (EST) on business days. Paper copies of public comments may be 
ordered from the Public Information Center by telephone at (877) 275-
3342 or (703) 562-2200.
    <bullet> OMB Desk Officer--Shagufta Ahmed--Office of Information 
and Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT:
    OCC: Mary H. Gottlieb or Ira L. Mills, OCC Clearance Officers, 
(202) 874-5090 or (202) 874-6055, Legislative and Regulatory Activities 
Division, Office of the Comptroller of the Currency, 250 E Street, SW., 
Washington, DC 20219.
    Board: Cynthia Ayouch, Acting Federal Reserve Board Clearance 
Officer, (202) 452-3829, Division of Research and Statistics, 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: Leneta Gregorie, Counsel, (202) 898-3719, Legal Division, 
Federal Deposit Insurance Corporation, 550 17th Street, NW., 
Washington, DC 20429.

SUPPLEMENTARY INFORMATION:
    Title of Information Collection: Basel II Interagency Supervisory 
Guidance for the Supervisory Review Process (Pillar 2).
    OMB Control Numbers:
    OCC: 1557-0242.
    Board: 7100-0320.
    FDIC: 3064-0165.
    Frequency of Response: Event-generated.

Affected Public

    OCC: National banks and savings associations, and certain 
subsidiaries of these entities.
    Board: State member banks and bank holding companies.
    FDIC: Insured state nonmember banks, state savings associations, 
and certain subsidiaries of these entities.
    Abstract: The agencies issued a supervisory guidance document for 
implementing the supervisory review process (Pillar 2). The guidance 
was issued on July 31, 2008 (73 FR 44620).
    Sections 37, 41, 43, and 46 of the guidance impose information 
collection requirements. Section 37 states that banks should state 
clearly the definition of capital used in any aspect of its internal 
capital adequacy assessment process (ICAAP) and document any changes in 
the internal definition of capital. Section 41 requires banks to 
maintain thorough documentation of ICAAP. Section 43 specifies that 
boards of directors must approve the bank's ICAAP, review it on a 
regular basis, and approve any changes. Boards of

[[Page 51125]]

directors also are required under section 46 to periodically review the 
assessment of overall capital adequacy and to analyze how measures of 
internal capital adequacy compare with other capital measures (such as 
regulatory or accounting).
    The agencies' burden estimates for these information collection 
requirements are summarized below. Note that the estimated number of 
respondents listed below include both institutions for which the Basel 
II risk-based capital requirements are mandatory and institutions that 
may be considering opting-in to Basel II (despite the lack of any 
formal commitment by most of these latter institutions).

Estimated Burden

OCC

    Number of Respondents: 51.
    Estimated Burden per Respondent: 140 hours.
    Total Estimated Annual Burden: 7,140 hours.

Board

    Number of Respondents: 18.
    Estimated Burden per Respondent: 420 hours.
    Total Estimated Annual Burden: 7,560 hours.

FDIC

    Number of Respondents: 19.
    Estimated Burden per Respondent: 420 hours.
    Total Estimated Annual Burden: 7,980 hours.
    Current Actions: On April 21, 2011, the agencies published a notice 
in the Federal Register requesting public comment for 60 days on the 
extension, without revision, of the information collection (76 FR 
22450). The comment period for this notice expired on June 20, 2011. 
The agencies did not receive any comments.

Request for Comment

    Public comment is requested on all aspects of this joint notice. 
Comments are invited on:
    (a) Whether 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, including the validity of the methodology and 
assumptions used;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of information collections on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    (e) Estimates of capital or start up costs and costs of operation, 
maintenance, and purchase of services to provide information.
    Comments submitted in response to this joint notice will be shared 
among the agencies. All comments will become a matter of public record.

    Dated: August 11, 2011.
Michele Meyer,
Assistant Director, Legislative & Regulatory Activities Division, 
Office of the Comptroller of the Currency.
    By order of the Board of Governors of the Federal Reserve 
System, August 9, 2011.
Jennifer J. Johnson,
Secretary of the Board.
    Dated at Washington, DC, the 11th day of August, 2011.

    By order of the Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011-20885 Filed 8-16-11; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P


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