Federal Register / Vol. 83, No. 156 / Monday, August 13, 2018 / Notices 40039 

1 73 FR 44620 (July 31, 2008). 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

[OMB No. 3064–0165, 0183, and –0196] 

Agency Information Collection 

Activities: Submission for OMB 

Review; Comment Request 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notice and request for comment. 

SUMMARY: The FDIC, as part of its 

continuing effort to reduce paperwork 

and respondent burden, invites the 

general public and other Federal 

agencies to take this opportunity to 

comment on the renewal of existing 

information collections, as required by 

the Paperwork Reduction Act of 1995. 

The FDIC published a notice of its 

intent to renew the information 

collections described below in the 

Federal Register and requested 

comment for 60 days. No comments 

were received. The FDIC hereby gives 

notice of its plan to submit to OMB a 

request to approve the renewal of these 

collections, and again invites comment 

on the renewal. 

DATES: Comments must be submitted on 

or before September 12, 2018. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

the FDIC by any of the following 

methods: 

• Agency Website: https://

www.FDIC.gov/regulations/laws/federal. 

• Email: comments@fdic.gov. Include 

the name and number of the collection 

in the subject line of the message. 

• Mail: Manny Cabeza, Counsel, 

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 17th Street Building 

(located on F Street), on business days 

between 7:00 a.m. and 5:00 p.m. 

All comments should refer to the 

relevant OMB control number. A copy 

of the comments may also be submitted 

to the OMB desk officer for the FDIC: 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, New Executive Office Building, 

Washington, DC 20503. 

FOR FURTHER INFORMATION CONTACT: 

Manny Cabeza, Counsel, 202–898–3767, 

mcabeza@FDIC.gov, MB–3007, Federal 

Deposit Insurance Corporation, 550 17th 

Street NW, Washington, DC 20429. 

SUPPLEMENTARY INFORMATION: 

Proposal to renew the following 

currently approved collections of 

information: 

1. Title: Interagency Supervisory 

Guidance for the Supervisory Review 

Process of Capital Adequacy (Pillar 2) 

Related to the Implementation of the 

Basel II Advanced Capital Framework. 

OMB Number: 3064–0165. 

Form Number: None. 

Affected Public: Insured state 

nonmember banks and certain 

subsidiaries of these entities. 

Burden Estimate: 

SUMMARY OF ANNUAL BURDEN

Type of burden 

Estimated 

number of 

respondents 

Estimated time 

per response 

Frequency of 

response 

Total annual 

estimated 

burden hours 

Pillar 2 Guidance .................................................. Record Keeping ............ 2 105 hours ....... Quarterly ........ 840 

Total Estimated Annual Burden .................... ....................................... ........................ ........................ ........................ 840 

General Description of Collection: 

There has been no change in the method 

or substance of this information 

collection. The number of institutions 

subject to the record keeping 

requirements has decreased from eight 

(8) to two (2). In 2008 the Office of the 

Comptroller of the Currency, the Board 

of Governors of the Federal Reserve 

System and the FDIC issued a 

supervisory guidance document related 

to the supervisory review process of 

capital adequacy (Pillar 2) in connection 

with the implementation of the Basel II 

Advanced Capital Framework.1 Sections 

37, 41, 43 and 46 of the guidance 

include possible information 

collections. Section 37 provides 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 provides that banks 

should maintain thorough 

documentation of its ICAAP. Section 43 

specifies that the board of directors 

should approve the bank’s ICAAP, 

review it on a regular basis and approve 

any changes. Section 46 recommends 

that boards of directors periodically 

review the assessment of overall capital 

adequacy and analyze how measures of 

internal capital adequacy compare with 

other capital measures such as 

regulatory or accounting. 

2. Title: Credit Risk Retention. 

OMB Number: 3064–0183. 

Form Number: None. 

Affected Public: Insured state nonmember banks; insured state branches of 

foreign banks; state savings associations; 

and certain subsidiaries of these 

entities. 

Burden Estimate: 

SUMMARY OF ANNUAL BURDEN

Estimated 

number of 

offerings 

Estimated 

annual 

frequency 

Estimated 

average 

hours per 

response 

Estimated 

annual 

burden 

hours 

Disclosure Burden 

Subpart B: 

§ 373.4 Standard Risk Retention—Horizontal Interest .......................................... 1 1 5.5 5.5 

§ 373.4 Standard Risk Retention—Vertical Interest .............................................. 40 1 2.0 80 

§ 373.4 Standard Risk Retention—Combined Interest .......................................... 4 1 7.5 30 

§ 373.5 Revolving Master Trusts ........................................................................... 15 1 7.0 105 


sradovich on DSK3GMQ082PROD with NOTICES
40040 Federal Register / Vol. 83, No. 156 / Monday, August 13, 2018 / Notices 

2The methodology and assumptions used to 

estimate burden are explained in detail in the 

agencies’ supporting statements for their respective 

Credit Risk Retention information collections. For 

example, see, FDIC (3064–0183) available at https:// 

www.reginfo.gov/public/do/PRAView

Document?ref_nbr=201501-3064-002 SEC (3235- 

0712) available at https://www.reginfo.gov/public/ 

do/PRAViewDocument?ref_nbr=201803-3235-014 

and the OCC 1557-0249) available at https://

www.reginfo.gov/public/do/PRAView

Document?ref_nbr=201804-1557-004. 

3 15 U.S.C. 78o–11. 

4Public Law 111–2–3, 124 Stat. 1376 (2010). 

SUMMARY OF ANNUAL BURDEN—Continued 

Estimated 

number of 

offerings 

Estimated 

annual 

frequency 

Estimated 

average 

hours per 

response 

Estimated 

annual 

burden 

hours 

§ 373.6 Eligible ABCP Conduits ............................................................................. 15 1 3.0 45 

§ 373.7 Commercial MBS ...................................................................................... 15 1 20.75 311.25 

§ 373.8 FNMA and FHLMC .................................................................................... 15 1 1.5 22.5 

§ 373.9 Open Market CLOs ................................................................................... 15 1 20.25 303.75 

§ 373.10 Qualified Tender Option Bonds ............................................................... 15 1 6.0 90 

Subpart C: 

§ 373.11 Allocation of Risk Retention to an Originator .......................................... 3 1 2.5 7.5 

Subpart D: 

§ 373.13 and .19(g) Exemption for Qualified Residential Mortgages .................... 13 1 1.25 16.25 

§ 373.15 Exemption for Qualifying Commercial Loans, Commercial Real Estate 

and Automobile Loans .......................................................................................... 16 1 20.0 320 

§ 373.16 Underwriting Standards for Qualifying Commercial Loans ..................... 6 1 1.25 7.5 

§ 373.17 Underwriting Standards for Qualifying CRE Loans ................................ 6 1 1.25 7.5 

§ 373.18 Underwriting Standards for Qualifying Automobile Loans ...................... 6 1 1.25 7.5 

Total Estimated Disclosure Burden ................................................................... .................... .................... .................... 1,359.25 

Recordkeeping Burden 

Subpart B: 

§ 373.4 Standard Risk Retention—Horizontal Interest .......................................... 1 1 0.5 0.5 

§ 373.4 Standard Risk Retention—Vertical Interest .............................................. 40 1 0.5 20 

§ 373.4 Standard Risk Retention—Combined Interest .......................................... 4 1 0.5 2 

§ 373.5 Revolving Master Trusts ........................................................................... 15 1 0.5 7.5 

§ 373.6 Eligible ABCP Conduits ............................................................................. 15 1 20.0 300 

§ 373.7 Commercial MBS ...................................................................................... 15 1 30.0 450 

Subpart C: 

§ 373.11 Allocation of Risk Retention to an Originator .......................................... 3 1 20.0 60 

Subpart D: 

§ 373.13 and .19(g) Exemption for Qualified Residential Mortgages .................... 13 1 40.0 520 

§ 373.15 Exemption for Qualifying Commercial Loans, Commercial Real Estate 

and Automobile Loans .......................................................................................... 16 1 0.5 8 

§ 373.16 Underwriting Standards for Qualifying Commercial Loans ..................... 6 1 40.0 240 

§ 373.17 Underwriting Standards for Qualifying CRE Loans ................................ 6 1 40.0 240 

§ 373.18 Underwriting Standards for Qualifying Automobile Loans ...................... 6 1 400 240 

Total Estimated Recordkeeping Burden ........................................................... .................... .................... .................... 2,088 

Total Estimated Annual Burden ................................................................. .................... .................... .................... 3,447.25 

There has been no change in the 

method or substance of this information 

collection. The above burden estimate is 

derived from the Federal regulatory 

agencies’ estimate that there are 

currently approximately 1,400 annual 

offerings subject to the Credit Risk 

Retention rule (12 CFR part 373).2

General Description of Collection: 

This information collection request 

relates to the disclosure and 

recordkeeping requirements of 12 CFR 

part 373 (the Credit Risk Retention Rule) 

which implements section 15G of the 

Securities Exchange Act of 1934,3 added 

by section 941 of the Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act 4 (Section 941). The Credit Risk 

Retention Rule was jointly issued by the 

Federal Deposit Insurance Corporation 

(‘‘FDIC’’), the Office of the Comptroller 

of the Currency (‘‘OCC’’), the Federal 

Reserve Board (‘‘Board’’), the Securities 

and Exchange Commission 

(‘‘Commission’’) and, with respect to the 

portions of the Rule addressing the 

securitization of residential mortgages, 

the Federal Housing Finance Agency 

(‘‘FHFA’’) and the Department of 

Housing and Urban Development 

(‘‘HUD’’). 

Section 941 requires the Board, the 

FDIC, the OCC (collectively, the 

‘‘Federal banking agencies’’), the 

Commission and, in the case of the 

securitization of any ‘‘residential 

mortgage asset,’’ together with HUD and 

FHFA, to jointly prescribe regulations 

that (i) require a securitizer to retain not 

less than five percent of the credit risk 

of any asset that the securitizer, through 

the issuance of an asset-backed security 

(‘‘ABS’’), transfers, sells or conveys to a 

third party, and (ii) prohibit a 

securitizer from directly or indirectly 

hedging or otherwise transferring the 

credit risk that the securitizer is 

required to retain under section 941 and 

the agencies’ implementing rules. 

The Credit Risk Retention Rule 

provides a menu of credit risk retention 

options from which securitizers can 

choose and sets out the standards, 

including disclosure and recordkeeping 

requirements, for each option; identifies 

the eligibility criteria, including 

certification and disclosure 

requirements, that must be met for assetbacked securities (ABS) offerings to 

qualify for certain exemptions; specifies 

the underwriting standards for 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 156 / Monday, August 13, 2018 / Notices 40041 

5 12 CFR 324.100(b)(1). 

6 12 CFR 324.10(c), 324.172(d), and 324.173. 

commercial real estate (CRE) loans, 

commercial loans and automobile loans, 

as well as disclosure, certification and 

recordkeeping requirements, that must 

be met for ABS issuances collateralized 

by such loans to qualify for reduced 

credit risk retention; and sets forth the 

circumstances under which retention 

obligations may be allocated by 

sponsors to originators, including 

disclosure and monitoring 

requirements. 

The recordkeeping requirements 

relate primarily to (i) the adoption and 

maintenance of various policies and 

procedures to ensure and monitor 

compliance with regulatory 

requirements and (ii) certifications, 

including as to the effectiveness of 

internal supervisory controls. The 

required disclosures for each risk 

retention option are intended to provide 

investors with material information 

concerning the sponsor’s retained 

interest in a securitization transaction 

(e.g., the amount, form and nature of the 

retained interest, material assumptions 

and methodology, representations and 

warranties). The agencies believe that 

the disclosure and recordkeeping 

requirements will enhance market 

discipline, help ensure the quality of the 

assets underlying a securitization, and 

assist investors in evaluating 

transactions. 

3. Title: Disclosure Requirements 

Associated with the Supplementary 

Leverage Ratio. 

OMB Number: 3064–0196. 

Form Number: None. 

Affected Public: Insured state 

nonmember banks and state savings 

associations that are subject to the 

FDIC’s advanced approaches risk-based 

capital rules. 

Burden Estimate: 

SUMMARY OF ANNUAL BURDEN

Type of burden 

Estimated 

number of 

respondents 

Estimated time 

per response 

Frequency of 

response 

Total Annual 

estimated 

burden hours 

12 CFR 324.172 and 173 .................................... Disclosure ..................... 2 5 hours ........... Quarterly ........ 40 

Total Estimated Annual Burden .................... ....................................... ........................ ........................ ........................ 40 

There has been no change in the 

method or substance of this information 

collection. The number of institutions 

subject to the disclosure requirements 

has decreased from eight (8) to two (2). 

General Description of Collection: The 

supplementary leverage ratio 

regulations strengthen the definition of 

total leverage exposure and improve the 

measure of a banking organization’s onand off-balance sheet exposures. The 

rules are generally consistent with the 

Basel Committee on Banking 

Supervision’s 2014 revisions and 

promote consistency in the calculation 

of this ratio across jurisdictions. All 

banking organizations that are subject to 

the advanced approaches risk-based 

capital rules5 are required to disclose 

their supplementary leverage ratios.6

Advanced approaches banking 

organizations must report their 

supplementary leverage ratios on the 

applicable regulatory reports. The 

calculation and disclosure requirements 

for the supplementary leverage ratio in 

the federal banking agencies’ regulatory 

capital rules are generally consistent 

with international standards published 

by the Basel Committee on Banking 

Supervision. These disclosures enhance 

the transparency and consistency of 

reporting requirements for the 

supplementary leverage ratio by all 

internationally active organizations. 

Request for Comment: Comments are 

invited on: (a) Whether the collection of 

information is necessary for the proper 

performance of the FDIC’s functions, 

including whether the information has 

practical utility; (b) the accuracy of the 

estimates of the burden of the 

information collection, including the 

validity of the methodology and 

assumptions used; (c) ways to enhance 

the quality, utility, and clarity of the 

information to be collected; and (d) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology. 

All comments will become a matter of 

public record. 

Dated at Washington, DC, on August 8, 

2018. 

Robert E. Feldman, 

Executive Secretary, Federal Deposit 

Insurance Corporation. 

[FR Doc. 2018–17264 Filed 8–10–18; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL MARITIME COMMISSION 

Notice of Agreements Filed 

The Commission hereby gives notice 

of the filing of the following agreements 

under the Shipping Act of 1984. 

Interested parties may submit comments 

on the agreements to the Secretary by 

email at Secretary@fmc.gov, or by mail, 

Federal Maritime Commission, 

Washington, DC 20573, within twelve 

days of the date this notice appears in 

the Federal Register. Copies of the 

agreements are available through the 

Commission’s website (www.fmc.gov) or 

by contacting the Office of Agreements 

at (202)–523–5793 or tradeanalysis@

fmc.gov. 

Agreement No.: 012460–002. 

Agreement Name: COSCO Shipping/ 

PIL/WHL Vessel Sharing and Slot 

Charter Agreement. 

Parties: COSCO Shipping Lines Co., 

Ltd.; Pacific International Lines (PTE) 

Ltd.; Wan Hai Lines (Singapore) Pte. 

Ltd.; and Wan Hai Lines Ltd. 

Filing Party: Eric Jeffrey; Nixon 

Peabody. 

Synopsis: The amendment changes 

the capacity and port rotation of the 

shared string and updates the slot 

exchanges among the Parties. 

Proposed Effective Date: 8/3/2018. 

Location: https://www2.fmc.gov/ 

FMC.Agreements.Web/Public/ 

AgreementHistory/1948. 

Agreement No.: 011707–014. 

Agreement Name: Gulf/South 

America Discussion Agreement. 

Parties: BBC Chartering & Logistics 

GmbH & Co. KG and BBC Chartering 

Carriers GmbH & Co. KG (acting as a 

single party); Industrial Maritime 

Carriers, L.L.C.; and Seaboard Marine 

Ltd. 

Filing Party: Wade S. Hooker, 

Attorney. 

Synopsis: The amendment deletes 

Caytrans BBC LLC as a party to the 

Agreement. 

Proposed Effective Date: 7/31/2018. 

Location: https://www2.fmc.gov/ 

FMC.Agreements.Web/Public/ 

AgreementHistory/684. 

Agreement No.: 201248–001. 

Agreement Name: COSCO SHIPPING/ 

PIL/WHL Vessel Sharing and Slot 

Exchange Agreement. 


sradovich on DSK3GMQ082PROD with NOTICES