Federal Register / Vol. 89, No. 18 / Friday, January 26, 2024 / Notices 5297 

and served as a signature element of 

President Eisenhower’s Atoms for Peace 

program. While in service, the NSS 

demonstrated the peaceful use of atomic 

power as well as the feasibility of 

nuclear-powered merchant vessels. NSS 

operated in experimental service as a 

passenger/cargo ship from 1962 to 1965, 

during which time it travelled 90,000 

miles, visited 13 countries, and hosted 

1.4 million visitors. Following the 

successful conclusion of the 

experimental phase, the ship entered its 

commercial phase in 1965. The ship 

was operated as a cargo ship generating 

nearly $12,000,000 in revenue between 

1965 and 1970, as well as continuing to 

serve as a goodwill ambassador for the 

peaceful use of nuclear power. After 

successfully fulfilling its objectives, 

NSS operations were ceased in 1970 and 

the ship was deactivated and defueled 

in 1971. 

Following deactivation, the NSS was 

moved to the city of Savannah, GA, 

where it was to be part of a proposed 

Eisenhower Peace Memorial; however, 

the memorial was never established. In 

1980, Congress passed Public Law 96– 

331, which authorized the Secretary of 

Commerce to bareboat charter the ship 

to the Patriots Point Development 

Authority of South Carolina. The NSS 

operated as a museum ship at the 

Patriots Point Naval and Maritime 

Museum from 1981 through 1994. 

During this time, the NSS was listed in 

the National Register of Historic Places 

(1983) and designated as an NHL (1991) 

for exhibiting exceptional value in 

illustrating the nuclear, maritime, 

transportation, and political heritages of 

the United States. Additionally, during 

this time the ship was designated an 

International Historic Mechanical 

Engineering Landmark by the American 

Society of Mechanical Engineers (1983) 

and a Nuclear Engineering Landmark by 

the American Nuclear Society (1991). 

Following termination of the charter 

in 1994, the NSS returned to MARAD 

and was entered into the James River 

Reserve Fleet in Virginia. The ship was 

removed from the reserve fleet in 2006 

and underwent repairs prior to being 

relocated in 2008 to Baltimore, 

Maryland, where it is currently berthed. 

In 2017, funds for decommissioning of 

the ship were appropriated. Because the 

decommissioning and disposition of the 

NSS is an Undertaking under Section 

106 of the NHPA, MARAD initiated 

consultation in 2018 with the Maryland 

SHPO, the ACHP, the NRC, the NPS, 

and other consulting parties. Given the 

complexities of the Undertaking, 

including the yet undetermined 

disposition of the NSS, the parties 

agreed to develop a PA to guide the 

execution of the Undertaking. 

The PA for the Decommissioning and 

Disposition of the NSS was executed in 

March 2023, and it outlines the process 

by which the disposition of NSS will be 

considered and executed, concurrent 

with the decommissioning project. The 

decommissioning process is well 

underway, and dismantlement and 

removal of the major systems, 

structures, and components that were 

part of the ship’s nuclear power plant is 

complete. As part of the 

decommissioning process, MARAD has 

made numerous modifications and 

improvements to the NSS from 2015 

through the present. These 

improvements include climate controls, 

sanitary spaces, shore power, 

mechanical systems, mooring and 

access/egress equipment, alarm, and 

monitoring systems (fire/smoke, 

intrusion, flooding, security cameras), 

restored public spaces, office spaces, 

and administrative infrastructure. 

Typically, the greatest challenge to any 

static museum ship effort is the cost 

associated with converting or 

transforming the ship into a site suitable 

and safe for visitors. MARAD has 

already made improvements, as listed 

above, which may help to defray some 

of the initial starting costs for potential 

recipients who may be interested in 

receiving the ship. Additional details 

about the ship’s condition are included 

in the attachments posted to the 

MARAD docket and website. 

The disposition process is sequenced 

to reach a conclusion at the same time 

that decommissioning ends—effective 

with the license termination to allow a 

seamless transition to whichever endstate condition is approved. MARAD 

anticipates making its disposition 

decision no later than the license 

termination date with conveyance to 

follow three to six months later, after 

decommissioning, demobilization, and 

vessel redelivery contract actions are 

completed. 

Privacy Act 

Anyone can search the electronic 

form of all comments received into any 

of our dockets by the name of the 

individual submitting the comment (or 

signing the comment, if submitted on 

behalf of an association, business, labor 

union, etc.). For information on DOT’s 

compliance with the Privacy Act, please 

visit https://www.transportation.gov/ 

privacy. 

(Authority: 49 CFR 1.81 and 1.93; 36 CFR 

part 800; 5 U.S.C. 552b.) 

By Order of the Maritime Administrator. 

T. Mitchell Hudson, Jr., 

Secretary, Maritime Administration. 

[FR Doc. 2024–01502 Filed 1–25–24; 8:45 am] 

BILLING CODE 4910–81–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 extend for three years, with 

revision, the Consolidated Reports of 

Condition and Income (Call Report) 

(FFIEC 031, FFIEC 041, and FFIEC 051), 

the Regulatory Capital Reporting for 

Institutions Subject to the Advanced 

Capital Adequacy Framework (FFIEC 

101), and the Market Risk Regulatory 

Report for Institutions Subject to the 

Market Risk Capital Rule (FFIEC 102), 

which are currently approved 

collections of information for each 

agency. The agencies are requesting 

comment on proposed revisions to these 

collections related to the agencies’ 

regulatory capital rule proposal that was 

published on September 18, 2023 

(proposed capital rule). The reporting 

revisions are proposed to be effective as 

of the September 30, 2025, report date. 

At the end of the comment period for 

this notice, the FFIEC and the agencies 

will review any comments received to 

determine whether to modify the 

proposal in response to such comments. 

As required by the PRA, the agencies 


lotter on DSK11XQN23PROD with NOTICES1
5298 Federal Register / Vol. 89, No. 18 / Friday, January 26, 2024 / Notices 

will then publish a second Federal 

Register notice for a 30-day comment 

period and submit the final Call Report, 

FFIEC 101 and FFIEC 102 to OMB for 

review and approval. 

DATES: Comments must be submitted on 

or before March 26, 2024. 

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, 

FFIEC 101 and FFIEC 102 Revisions,’’ 

will be shared among the agencies. 

OCC: You may submit comments, 

which should refer to ‘‘Call Report, 

FFIEC 101 and FFIEC 102 Revisions,’’ 

by any of the following methods: 

• Email: prainfo@occ.treas.gov. 

• Mail: Chief Counsel’s Office, 

Attention: Comment Processing, Office 

of the Comptroller of the Currency, 

Attention: 1557–0081, 1557–0239, and 

1557–0325, 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) 293–4835. 

Instructions: You must include 

‘‘OCC’’ as the agency name and ‘‘1557– 

0081, 1557–0239, 1557–0325’’ in your 

comment. In general, the OCC will 

publish comments on www.reginfo.gov 

without change, including any business 

or personal information provided, such 

as name and address information, email 

addresses, or phone numbers. 

Comments received, including 

attachments and other supporting 

materials, are part of the public record 

and subject to public disclosure. Do not 

include any information in your 

comment or supporting materials that 

you consider confidential or 

inappropriate for public disclosure. 

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’’ tab 

and click on ‘‘Information Collection 

Review’’ from the drop-down menu. 

From the ‘‘Currently under Review’’ 

drop-down menu, select ‘‘Department of 

Treasury’’ and then click ‘‘submit.’’ This 

information collection can be located by 

searching OMB control number ‘‘1557– 

0081’’ or ‘‘1557–0239’’ or ‘‘1557–0325.’’ 

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, 

FFIEC 101 and FFIEC 102 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, 

FFIEC 101, and FFIEC 102 Revisions,’’ 

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 ‘‘Call Report, 

FFIEC 101 and FFIEC 102 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, FFIEC 101 and 

FFIEC 102 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 

(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_

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 and instructions for the 

Call Report, FFIEC 101 and FFIEC 102 

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: 

Table of Contents 

I. Affected Reports 

A. Call Report (FFIEC 031, FFIEC 041, and 

FFIEC 051) 

B. FFIEC 101 

C. FFIEC 102 

II. Current Actions 

Recently Proposed Amendments to the 

Regulatory Capital Rule for Large 

Banking Organizations and Banking 

Organizations With Significant Trading 

Activity 

1. Background 

2. Proposed Revisions to the Call Report 

3. Proposed Revisions to the FFIEC 101 

4. Proposed Revisions to the FFIEC 102 

5. Proposed FFIEC 102a 

III. Timing 

IV. Request for Comment 

I. Affected Reports 

All of the proposed reporting changes 

discussed in this notice affect the Call 

Report, FFIEC 101 and FFIEC 102. 

A. Call Reports (FFIEC 031, FFIEC 041, 

and FFIEC 051) 

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. 


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1www.ffiec.gov/forms031.htm; www.ffiec.gov/ 

forms041.htm;www.ffiec.gov/forms051.htm. 

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: 

1,015 national banks and federal savings 

associations. 

Estimated Average Burden per 

Response: 40.69 burden hours per 

quarter to file. 

Estimated Total Annual Burden: 

165,201 burden hours to file. 

Board 

OMB Control No.: 7100–0036. 

Estimated Number of Respondents: 

699 state member banks. 

Estimated Average Burden per 

Response: 44.13 burden hours per 

quarter to file. 

Estimated Total Annual Burden: 

123,387 burden hours to file. 

FDIC 

OMB Control No.: 3064–0052. 

Estimated Number of Respondents: 

2,990 insured state nonmember banks 

and state savings associations. 

Estimated Average Burden per 

Response: 38.86 burden hours per 

quarter to file. 

Estimated Total Annual Burden: 

464,766 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 84.29 (FFIEC 031), 54.54 

(FFIEC 041), and 34.39 (FFIEC 051). The 

changes to the Call Report forms and 

instructions proposed in this notice 

resulted in the following estimated 

changes in burden hours per quarter. 

For the FFIEC 031 report, the revisions 

resulted in an average decrease across 

all agencies of approximately 0.24 hours 

per quarter; for the FFIEC 041 report, 

the revisions resulted in an average 

decrease across all agencies of 

approximately 0.06 hours per quarter; 

and for the FFIEC 051 report, the 

revisions resulted in an average 

decrease across all agencies of 

approximately 0.01 hours per quarter. 

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 for three 

years and revision of currently approved 

collections. In addition to the proposed 

revisions discussed below, Call Reports 

are periodically updated to clarify 

instructional guidance and correct 

grammatical and typographical errors on 

the forms and instructions, which are 

published on the FFIEC website.1 These 

non-substantive updates may also be 

commented upon. 

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 

federal 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 the risk-based 

assessments for insured depository 

institutions. 

B. FFIEC 101 

The agencies propose to extend for 

three years, with revision, the FFIEC 

101 report. 

Report Title: Regulatory Capital 

Reporting for Large Banking 

Organizations. 

Form Number: FFIEC 101. 

Frequency of Response: Quarterly. 

Affected Public: Business or other forprofit. 

Type of Review: Revision and 

extension of currently approved 

collections. 

OCC 

OMB Control No.: 1557–0239. 

Estimated Number of Respondents: 49 

national banks and federal savings 

associations. 

Estimated Time per Response: 797.35 

burden hours one-time for initial set-up 

and 437.45 burden hours per quarter to 

file ongoing. 

Estimated Total Annual Burden: 

38,972 burden hours for one-time initial 

set-up and 85,733 to file for ongoing. 

Board 

OMB Control No.: 7100–0319. 

Estimated Number of Respondents: 52 

state member banks, bank holding 

companies, savings and loan holding 

companies and intermediate holding 

companies. 

Estimated Time per Response: 797.35 

burden hours one-time for initial set-up 

and 437.45 burden hours per quarter to 

file ongoing. 

Estimated Total Annual Burden: 

41,358 burden hours for one-time initial 

set-up and 90,982 to file for ongoing. 

FDIC 

OMB Control No.: 3064–0159. 

Estimated Number of Respondents: 9 

insured state nonmember bank and state 

savings association. 

Estimated Time per Response: 797.35 

burden hours one-time for initial set-up 

and 437.45 burden hours per quarter to 

file ongoing. 

Estimated Total Annual Burden: 

7,158 burden hours for one-time initial 

set-up and 15,747 to file for ongoing. 

Type of Review: Extension and 

revision of currently approved 

collections. 


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5300 Federal Register / Vol. 89, No. 18 / Friday, January 26, 2024 / Notices 

2 12 CFR 3.2 (OCC); 12 CFR 217.2 (Board); 12 CFR 

324.2 (FDIC). 

3 12 CFR part 3, subpart E (OCC); 12 CFR part 217, 

subpart E (Board); 12 CFR part 324, subpart E 

(FDIC). 

4 12 CFR 3.201 (OCC); 12 CFR 217.201 (Board); 

and 12 CFR 324.201 (FDIC). Currently, the market 

risk framework of the capital rule generally applies 

to any banking institution with aggregate trading 

assets and trading liabilities equal to (a) 10 percent 

or more of quarter-end total assets or (b) $1 billion 

or more. 

Legal Basis and Need for Collections 

Currently, each banking organization 

subject to Category I or Category II 

standards is required to report quarterly 

regulatory capital data and, along with 

each top-tier banking organization 

subject to Category III standards,2

supplementary leverage ratio 

information on the FFIEC 101. Under 

this proposal, each banking organization 

subject to Category I, II, III or IV 

standards would report revised 

regulatory capital and supplementary 

leverage information. The FFIEC 101 

information collections are mandatory 

for applicable banking organizations 

under the following authorities: 12 

U.S.C. 161 (national banks), 12 U.S.C. 

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

1844(c) (bank holding companies), 12 

U.S.C. 1467a(b) (savings and loan 

holding companies), 12 U.S.C. 1817 

(insured state nonmember commercial 

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

(federal and state savings associations), 

and 12 U.S.C. 1844(c), 3106, and 3108 

(intermediate holding companies). 

Certain data items in this information 

collection are given confidential 

treatment under 5 U.S.C. 552(b)(4) and 

(8). 

The agencies use data reported in the 

FFIEC 101 to assess and monitor the 

levels and components of each reporting 

entity’s applicable capital requirements 

and the adequacy of the entity’s capital 

under the capital rule,3 including the 

supplementary leverage ratio, as 

applicable; to evaluate the impact of the 

capital rule on individual reporting 

entities and on an industry-wide basis 

and its competitive implications; and to 

supplement on-site examination 

processes. The reporting schedules 

would also assist Category I, Category II, 

Category III, and Category IV banking 

organizations in understanding 

expectations relating to the system 

development necessary for 

implementation and validation of the 

capital rule. Submitted data that are 

released publicly would also provide 

other interested parties with additional 

information about Category I, Category 

II, Category III, and Category IV banking 

organizations’ regulatory capital. 

C. FFIEC 102 

The agencies propose to extend for 

three years, with revision, the FFIEC 

102 report. The proposed revisions 

include the addition of a new 

confidential report (FFIEC 102a). 

Report Title: Market Risk Regulatory 

Report. 

Form Number: FFIEC 102. 

Frequency of Response: Quarterly. 

Affected Public: Business or other forprofit. 

OCC 

OMB Number: 1557–0325. 

Estimated Number of Respondents: 53 

national banks and federal savings 

associations, 53 (FFIEC 102), 53 (FFIEC 

102a). 

Estimated Average Time per 

Response: 83.55 hours one-time for 

initial set-up and 41.77 hours for 

ongoing (FFIEC 102); 142.49 hours onetime for initial set-up and 50.83 hours 

for ongoing (FFIEC 102a). 

Estimated Total Annual Burden: 

4,428 hours one-time for initial set-up 

and 8,856 for ongoing (FFIEC 102); 

7,552 one-time for initial set-up and 

10,777 hours for ongoing (FFIEC 102a). 

Board 

OMB Number: 7100–0365. 

Estimated Number of Respondents: 30 

state member banks, bank holding 

companies, savings and loan holding 

companies, and intermediate holding 

companies (FFIEC 102), 30 (FFIEC 

102a). 

Estimated Average Time per 

Response: 83.55 hours one-time for 

initial set-up and 41.77 hours for 

ongoing (FFIEC 102); 142.49 hours onetime for initial set-up and 50.83 hours 

for ongoing (FFIEC 102a). 

Estimated Total Annual Burden: 

2,506 hours one-time for initial set-up 

and 5,013 hours for ongoing (FFIEC 

102); 4,275 hours one-time for initial 

set-up and 6,100 hours for ongoing 

(FFIEC 102a). 

FDIC 

OMB Number: 3064–0199. 

Estimated Number of Respondents: 9 

insured state nonmember bank and state 

savings association (FFIEC 102); 9 

(FFIEC 102a). 

Estimated Average Time per 

Response: 83.55 hours one-time for 

initial set-up and 41.77 hours for 

ongoing (FFIEC 102); 142.49 hours onetime for initial set-up and 50.83 hours 

for ongoing (FFIEC 102a). 

Estimated Total Annual Burden: 752 

hours one-time for initial set-up and 

1,504 hours for ongoing (FFIEC 102); 

1,282 hours one-time for initial set-up 

and 1,830 hours for ongoing (FFIEC 

102a). 

Type of Review: Revision and 

extension of currently approved 

collections. 

Legal Basis and Need for Collection 

Currently, a banking organization 

with aggregate trading assets and trading 

liabilities that, as of the most recent 

calendar quarter, equal to $1 billion or 

more, or 10 percent or more of the 

banking organization’s total 

consolidated assets (market risk 

institutions), is required to calculate 

market risk capital requirements under 

subpart F of the agencies’ capital rule 4

and submit the FFIEC 102 report. Under 

this proposal, and consistent with the 

agencies’ proposed changes to the 

definition of market risk institutions, 

any holding company subject to 

Category I, Category II, Category III, or 

Category IV standards or any subsidiary 

thereof, if the subsidiary engaged in any 

trading activity over any of the four 

most recent quarters, would submit the 

FFIEC 102. Additionally, a banking 

organization with average aggregate 

trading assets and trading liabilities 

(excluding customer and proprietary 

broker-dealer reserve bank accounts) 

over the previous four calendar quarters 

equal to $5 billion or more, or equal to 

10 percent or more of total consolidated 

assets would also submit the report. The 

quarterly FFIEC 102 information 

collection is mandatory for market risk 

institutions under the following 

authorities: 12 U.S.C. 161 (national 

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

banks), 12 U.S.C. 1844(c) (bank holding 

companies), 12 U.S.C. 1467a (b) (savings 

and loan holding companies), 12 U.S.C. 

5365 (U.S. intermediate holding 

companies), 12 U.S.C. 1817 (insured 

state nonmember commercial and 

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

(savings associations). 

The FFIEC 102 is filed quarterly with 

the agencies and provides information 

for market risk institutions. Each market 

risk institution is required to file the 

FFIEC 102 for the agencies’ use in 

assessing the accuracy of the 

institution’s calculation of its minimum 

capital requirements under the capital 

rule and in evaluating the institution’s 

capital in relation to its risks. 

Additionally, the market risk 

information collected in the FFIEC 102: 

(a) permits the agencies to monitor the 

market risk profile of, and evaluate the 

impact and competitive implications of, 

the capital rule on individual market 

risk institutions and the industry as a 

whole; (b) provides the most current 

statistical data available to identify areas 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 89, No. 18 / Friday, January 26, 2024 / Notices 5301 

5 88 FR 64028 (September 18, 2023). 

6https://www.ffiec.gov/ffiec_report_forms.htm. 

7Top-tier Category III banking organizations are 

currently only required to file the SLR Tables 1 and 

2. 

of market risk on which to focus for onsite and off-site examinations; (c) allows 

the agencies to assess and monitor the 

levels and components of each reporting 

institution’s risk-based capital 

requirements for market risk and the 

adequacy of the institution’s capital 

under the capital rule; and (d) assists 

market risk institutions in validating 

their implementation of the market risk 

framework. 

As described in Section II of this 

SUPPLEMENTARY INFORMATION, the 

agencies are proposing to expand the 

data collection by creating the FFIEC 

102a, Supervisory Market Risk 

Regulatory Report. This new form 

would collect information necessary for 

the agencies to evaluate a market risk 

institution’s implementation of the 

market risk rule and validate a banking 

organization’s internal models used in 

preparing the FFIEC 102. 

Confidentiality 

The current FFIEC 102 information 

collections are not given confidential 

treatment. The agencies are not 

proposing to provide confidential 

treatment under the revised collection, 

other than with respect to data collected 

under the proposed new Supervisory 

Market Risk Regulatory Report (FFIEC 

102a). The data proposed to be collected 

on the Supervisory Market Risk 

Regulatory Report would include 

financial information used for the 

agencies’ supervisory purposes that is 

not normally disclosed by the 

respondent organizations. This 

information could reveal trade secrets or 

cause significant competitive harm to 

the respondent organizations if 

disclosed. Therefore, the data collected 

on the Supervisory Market Risk 

Regulatory Report would be kept 

confidential by the agencies under 5 

U.S.C. 552(b)(4) and (8). 

II. Current Actions 

Recently Proposed Amendments to the 

Regulatory Capital Rule for Large 

Banking Organizations and Banking 

Organizations With Significant Trading 

Activity 

1. Background 

On September 18, 2023, the agencies 

published in the Federal Register a 

proposed rule 5 to revise the risk-based 

capital requirements for large banking 

organizations. The proposed changes to 

regulatory capital requirements apply to 

banking organizations subject to 

Category I, Category II, Category III, or 

Category IV standards and to banking 

organizations with significant trading 

activities, all as defined in the proposed 

rule. The modifications to the capital 

rule would result in reporting changes 

that affect the Call Report, FFIEC 101, 

and FFIEC 102. 

2. Proposed Revisions to the Call Report 

The agencies are proposing to revise 

the Call Report forms and instructions 

to align with the proposed capital rule. 

The general instructions for each 

version of the Call Report (FFIEC 031, 

FFIEC 041, and FFIEC 051) would be 

revised to require each bank subject to 

the expanded risk-based approach 

under the proposed capital rule to file 

the FFIEC 031. The agencies also 

propose to revise the FFIEC 031 

Schedule RC–R, Part I, Regulatory 

Capital Components and Ratios, to align 

the calculation of regulatory capital for 

institutions subject to Category III and 

IV standards with the calculation used 

for institutions subject to Category I and 

II standards, subject to certain transition 

provisions for components of 

Accumulated Other Comprehensive 

Income (AOCI) in the proposed capital 

rule. To identify Category III and IV 

institutions subject to the transition 

requirements, the agencies propose to 

add a new response option (‘‘2’’ for 

‘‘Phase-out’’) for item 3.a ‘‘AOCI opt-out 

election’’ on the FFIEC 031, Schedule 

RC–R, Part I, to be used by these 

institutions. The general instructions 

and certain item instructions to the 

FFIEC 031, Schedule RC–R, Part II, RiskWeighted Assets, also would be revised 

to reflect AOCI transition requirements 

in the proposed capital rule, as 

applicable. 

Due to the expiration of certain 

transition periods in the agencies’ 

existing regulatory capital rule, the 

agencies are proposing to remove from 

Schedule RC–R, Part I, item 21, ‘‘Nonqualifying capital instruments subject to 

phase-out from additional tier 1 capital’’ 

and item 40, ‘‘Non-qualifying capital 

instruments subject to phase-out from 

tier 2 capital’’ from all versions of the 

Call Report. Because the calculation of 

tier 2 capital under the expanded 

risked-based approach would differ 

from the calculation of tier 2 capital 

under the existing advanced approaches 

rule, the agencies propose to replace 

FFIEC 031 Schedule RC–R, Part I, item 

42.b, ‘‘(Advanced approaches 

institutions that exit parallel run only): 

Eligible credit reserves includable in tier 

2 capital’’ with ‘‘Adjusted allowances 

for credit losses (AACL) includable in 

tier 2 capital (for institutions subject to 

the expanded risk-based approach)’’ and 

revise certain subtotals on FFIEC 031, 

Schedule RC–R, Part I, that use this 

item. 

Finally, the agencies are proposing 

changes to certain definitions and 

terminology in the forms and 

instructions consistent with the 

proposed capital rule, including 

revising terminology for advanced 

approaches capital under the existing 

rule to reflect the proposed expanded 

risk-based approach and the scope of 

banking organizations using the 

standardized approach for counterparty 

credit risk (SA–CCR). Further details of 

the revisions described above can be 

found in the proposed revised FFIEC 

031, FFIEC 041, and FFIEC 051 forms 

and instructions, which have been 

posted to the FFIEC website.6

3. Proposed Revisions to FFIEC 101 

The agencies are proposing to revise 

the FFIEC 101 forms and instructions to 

align with the proposed capital rule. 

Specifically, to incorporate the reporting 

revisions applicable to the proposed 

capital rule, the agencies are proposing 

to revise the FFIEC 101 general 

instructions to scope in Category III 7

and IV banking organizations in the 

reporting criteria, rename and modify 

Schedule A to update nomenclature in 

connection with the proposed capital 

rule revisions, remove Schedule B 

through Schedule S of the current FFIEC 

101 report, and add new schedules as 

described below. To maintain 

consistency with the proposed capital 

rule, the agencies are also proposing to 

revise the title of the FFIEC 101 report 

from ‘‘Regulatory Capital Reporting for 

Institutions Subject to the Advanced 

Capital Adequacy Framework’’ to 

‘‘Regulatory Capital Reporting for Large 

Banking Organizations.’’ The reporting 

modifications would enhance 

comparability of the FFIEC 101 to 

relevant parts of the Basel Framework 

disclosure standard, which would 

increase comparability of 

internationally active banks. The 

proposed FFIEC 101 revisions aim to 

promote market discipline through 

regulatory disclosure requirements. 

The agencies are requesting comment 

on whether there should be any further 

changes to the report form items or 

instructions developed by the agencies 

consistent with the proposed capital 

rule. 

Under the proposal, reporting 

institutions would continue to report 

Schedule A, which would be renamed 

to Schedule RCCR, Regulatory Capital 

Components and Ratios, and revised to 

align with the requirements of the 


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proposed capital rule. First, the agencies 

are proposing to revise this schedule to 

remove the concept of eligible credit 

reserves and parallel run from the report 

form and instructions, and rename 

existing item 12, ‘‘Expected credit loss 

that exceeds eligible credit reserves’’ to 

‘‘AOCI transition adjustment amount 

(for Category III and IV institutions 

only)’’ as the item would no longer be 

applicable. Category III and IV 

institutions would report AOCI 

transition amounts in item 12 during the 

transitional period. In addition, the 

agencies are proposing to replace item 

50, ‘‘Eligible credit reserve includable in 

tier 2 capital,’’ with ‘‘Adjusted 

allowances for credit losses (AACL) 

includable in tier 2 capital’’ under the 

expanded risk-based approach and 

clarify the instructions for item 27. 

These changes would also result in the 

deletions of items 77 through 90, which 

would no longer be needed. 

As a result of the new expanded risk 

based-approach framework for 

calculating risk-weighted assets under 

the proposed capital rule, the agencies 

are proposing to update item 60, ‘‘Total 

risk-weighted assets (RWA),’’ to 

‘‘Expanded total risk-weighted assets 

(accounting for transition provisions),’’ 

and reflect for Category I, II, III and IV 

banking organizations a three-year 

transitional period to phase-in 

expanded total risk-weighted assets. To 

implement changes under the proposed 

capital rule that would require Category 

III and IV banking organizations to use 

the standardized approach for 

counterparty credit risk (SA–CCR) for 

derivatives exposures for purposes of 

the supplementary leverage ratio (SLR), 

the agencies are proposing to remove 

references to the current exposure 

methodology from instructions related 

to reporting the SLR. Consistent with 

the proposed capital rule, the agencies 

are also proposing to update the 

instructions to require all banking 

organizations that report the FFIEC 101 

to report the SLR tables. To reflect the 

addition of a new 40 percent credit 

conversion factor (CCF) for 

unconditionally cancelable 

commitments under the proposed 

capital rule, the agencies propose to 

revise the SLR Table 2 instructions to 

align with the change. In addition, 

certain items related to the reporting of 

regulatory capital buffer requirements 

would be amended to reflect the 

proposed capital rule. Items 4, 33, 35, 

47, and 49 in current Schedule A related 

to transition periods in the regulatory 

capital rule that have expired and are no 

longer applicable are proposed to be 

eliminated. Additionally, the agencies 

added granularity to the items relating 

to derivative transactions in SLR Table 

2. This granularity provides a breakout 

of derivative transactions that involve 

commercial end-users and 

counterparties other than commercial 

end-users. 

Current Schedules B through S would 

be removed, and institutions would be 

required to report risk-weighted asset 

and exposure information in new 

schedules described below. The new 

FFIEC 101 schedules would be as 

follows. 

1. Schedule OV1: Overview of 

Expanded Total Risk-Weighted Assets. 

The purpose of this schedule is to 

provide an overview of expanded total 

risk-weighted assets (RWA) forming the 

denominator of the risk-based capital 

requirements. On this schedule, 

reporting institutions would report 

summary amounts of risk-weighted 

assets reported in detail on other FFIEC 

101 schedules. 

2. Schedule CR1: General Credit Risk 

Exposures and Credit Risk Mitigation 

(CRM) Effects. The purpose of this 

schedule is to illustrate the effect of 

CRM on capital requirement 

calculations under the proposed 

expanded risk-based approach for credit 

risk in the agencies’ capital rule. On this 

schedule, institutions would report onbalance sheet and off-balance sheet 

credit risk exposures, the adjusted 

amounts of those credit risk exposures 

reflecting credit risk mitigants, and the 

corresponding risk-weighted assets and 

risk-weighted asset density. 

3. Schedule CR2: Credit Risk 

Mitigation Techniques. The purpose of 

this schedule is to present the quantity 

of exposures under the expanded riskbased approach where CRM is 

applicable, and the amount of CRM 

attributed to each general type of credit 

risk mitigant. On this schedule, 

reporting institutions would report 

amounts of exposures that are 

unsecured, the amounts that are 

secured, and the quantity of those 

secured exposures that are secured by 

collateral, by eligible guarantees, and by 

eligible credit derivatives. 

4. Schedule CR3: Credit Risk 

Exposures by Exposure Categories and 

Risk Weights. The purpose of this 

schedule is to present the breakdown of 

credit risk exposures by category and 

then by the applicable risk weight under 

the expanded risk-based approach. On 

this schedule, institutions would report 

the amounts of exposures by asset class, 

differentiated by the applicable risk 

weights for each asset class. For offbalance sheet exposures, the applicable 

credit conversion factor (CCF) would be 

applied first before the applicable risk 

weight. Total credit risk-weighted assets 

under the expanded risk-based 

approach would reflect the aggregate 

total exposures for each asset class after 

risk weights and, if applicable, credit 

conversion factors are applied to the 

exposure amounts. 

5. Schedule CCR: Counterparty Credit 

Risk Exposures and Risk Weights. The 

purpose of this schedule is to provide a 

breakdown of counterparty credit risk 

exposures calculated according to the 

standardized approach by type of 

counterparties and by risk weight. 

6. Schedule SEC1: Securitization 

Exposures Subject to Subpart E of the 

Capital Rule. The purpose of this 

schedule is to present a reporting 

institution’s securitization exposures 

subject to the credit risk-based capital 

framework. On this schedule, 

institutions would report the details of 

traditional and synthetic retail and 

wholesale securitization exposures 

subject to the credit risk-based capital 

framework. 

7. Schedule SEC2: Securitization 

Exposures Subject to Subpart F of the 

Capital Rule. The purpose of this 

schedule is to present a reporting 

institution’s securitization exposures 

subject to the market risk capital 

framework. On this schedule, 

institutions would report the details of 

traditional and synthetic retail and 

wholesale securitization exposures 

subject to the market risk capital 

framework. 

8. Schedule SEC3: Securitization 

Exposures and Capital Requirements 

under Subpart E—Reporting Institution 

Acting as Originator/Sponsor. The 

purpose of this schedule is to present 

securitization exposures where the 

reporting institution acts as originator or 

sponsor subject to the credit risk-based 

capital framework and the associated 

capital requirements. On this schedule, 

institutions would report details of 

traditional and synthetic securitization 

exposure values and risk-weighted 

assets by risk weights and regulatory 

approach when the reporting institution 

acts as an originator or sponsor. 

9. Schedule SEC4: Securitization 

Exposures and Capital Requirements 

under Subpart E—Reporting Institution 

Acting as Investor. The purpose of this 

schedule is to present securitization 

exposures where the reporting 

institution acts as investor subject to the 

credit risk-based capital framework and 

the associated capital requirements. On 

this schedule, reporting institutions 

would report details of traditional and 

synthetic securitization exposure values 

and risk-weighted assets by risk weights 

and regulatory approach when the 

reporting institution acts as an investor. 


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8www.ffiec.gov/forms101.htm. 

9All of the terms and concepts listed in this 

section are described in detail in the proposed 

capital rule. Commenters should refer to the 

proposed capital rule when commenting on the 

associated proposed reporting revisions. 

10. Schedule CVA: Basic and 

Standardized Measures for Credit 

Valuation Adjustment (CVA) Risk. The 

purpose of this schedule is to provide 

the components used for the 

computation of risk-weighted assets 

under the basic approach and the 

standardized approach for CVA risk. On 

this schedule, institutions would report 

CVA risk-related elements, riskweighted assets, and associated capital 

requirement amounts. 

11. Schedule EQ: Risk-Weighted 

Assets for Equity Exposures. This 

schedule would collect information 

regarding equity exposures under the 

expanded simple risk-weight approach 

(ESRWA) and under the look-through 

approaches by exposures type and risk 

weight. 

12. Schedule OR1: Historical 

Operational Losses. The purpose of this 

schedule is to disclose total annual 

operational losses incurred over the past 

ten years, based on the accounting date 

of the incurred losses, to inform the 

operational risk capital calculation. On 

this schedule, reporting institutions 

would report items related to total 

amounts of operational losses and total 

numbers of operational loss events over 

the past ten years. 

13. Schedule OR2: Business Indicator 

and Subcomponents. The purpose of 

this schedule is to disclose the business 

indicator (BI) and its subcomponents, 

which inform the operational risk 

capital calculation. On this schedule, 

institutions would report BI related 

items such as the interest, lease, and 

dividend component, the services 

component, and the financial 

component. 

14. Schedule OR3: Minimum 

Required Operational Risk Capital. The 

purpose of this schedule is to report 

operational risk regulatory capital 

requirements. On this schedule, 

institutions would report operational 

risk minimum regulatory capital 

requirement calculation items such as 

the business indicator component, the 

internal loss multiplier, and operational 

risk risk-weighted assets. 

15. Optional Narrative: The purpose 

of this schedule is for institutions to 

provide a brief narrative statement to 

supplement data reported in the 

Regulatory Capital Reporting for Large 

Banking Organizations. 

Further details of the revisions 

described above can be found in the 

proposed revised FFIEC 101 form and 

instructions, which have been posted to 

the FFIEC website.8

4. Proposed Revisions to the FFIEC 102 

The agencies propose to amend the 

FFIEC 102 forms and instructions so 

that relevant reporting requirements are 

aligned with the capital proposal.9

Consistent with the scope changes for 

applicability of the market risk capital 

requirements in the proposed capital 

rule, the agencies are proposing to 

revise the reporting criteria for FFIEC 

102 to apply to banking organizations 

subject to Category I, Category II, 

Category III, or Category IV standards 

and to banking organizations with 

significant trading activity. As defined 

in the proposed capital rule, a banking 

organization with significant trading 

activity would be any banking 

organization with average aggregate 

trading assets and trading liabilities, 

excluding customer and proprietary 

broker-dealer reserve bank accounts, 

equal to $5 billion or more, or equal to 

10 percent or more of total consolidated 

assets at quarter end as reported on the 

most recent quarterly regulatory report. 

The agencies intend to conform the 

scope of proposed reporting under the 

capital rule only to those institutions 

that are within the scope of the 

proposed capital rule. 

To maintain consistency with the 

proposed capital rule and simplify the 

report title, the agencies are also 

proposing to revise the title of the FFIEC 

102 report from ‘‘Market Risk 

Regulatory Report for Institutions 

Subject to the Market Risk Capital Rule’’ 

to ‘‘Market Risk Capital Report.’’ 

Additionally, to implement the new 

market risk capital requirements 

framework in the proposed capital rule, 

the agencies propose to remove the 

current data collected on FFIEC 102, 

and to add new data collection for an 

institution’s standardized measure for 

market risk and the models-based 

measure for market risk, if applicable. 

Under the proposal, the revised FFIEC 

102 would be subdivided into four 

sections: Part I, Standardized capital 

requirements for market risk; Part II, 

Models-based capital requirements for 

market risk; Part III, Market riskweighted assets; and Part IV, 

Memoranda, as described below. 

Part I, Standardized capital 

requirements for market risk, would 

include data items for calculating the 

standardized measure for market risk, 

which would be the default 

methodology for calculating market risk 

capital requirements for all banking 

organizations subject to market risk 

capital requirements. It would collect 

data for the sensitivities-based method 

capital requirement, the standardized 

default risk capital requirement, and the 

residual risk add-on components. 

Furthermore, items related to the three 

additional components for standardized 

measure for market risk that would 

apply in limited instances to specific 

positions would be collected for: (1) a 

capital add-on for re-designations; (2) 

other capital add-ons established by the 

primary Federal supervisor, and (3) a 

fallback capital requirement. 

Part II, Models-based capital 

requirement for market risk, would 

contain the core components data 

elements for the models-based measure 

for market risk, which consists of (1) the 

internal models approach capital 

requirements for model-eligible trading 

desks; (2) the additional capital 

requirement applied to model-eligible 

trading desks with shortcomings in the 

internal models used for determining 

risk-based capital requirements in the 

form of a profit and loss attribution 

(PLA) add-on, if applicable; and (3) the 

standardized approach capital 

requirements for model-ineligible 

trading desks. The internal models 

approach capital requirements for 

model-eligible trading desks would 

itself consist of four components: (1) the 

capital measure for non-modellable risk 

factors, (2) capital measure for nonmodellable risk factors (stressed 

expected shortfall), (3) the standardized 

default risk capital requirement, and (4) 

capital multiplier. Specifically, an 

institution would report in this section 

its unconstrained and constrained 

expected shortfall for relevant risk 

classes, capital requirements for 

modellable and non-modellable risk 

factors, standardized default risk capital 

requirement, PLA add-on, capital 

multiplier, capital requirement for 

model-eligible trading desks, and capital 

add-ons among other relevant data for 

calculating the models-based measure 

for market risk. 

Part III, Market risk-weighted assets, 

would collect data items for the 

standardized market risk-weighted 

assets and the models-based market 

risk-weighted assets. 

Lastly, Part IV, Memoranda, would be 

added to the FFIEC 102 for all market 

risk institutions to report total 

sensitivities-based method capital 

requirement under high, medium, and 

low correlation scenarios and total 

notional amount of market risk covered 

positions. The proposed sub-items of 

these notional amounts include the 

following: foreign exchange positions, 

commodity positions, net short credit 


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10The Call Report (for banks) is due 30 or 35 days 

after quarter end, while the FR Y–9C (for holding 

companies) generally is due 40 days after quarter 

end. The FFIEC 102 is due at the same time as the 

Call Report or FR Y–9C. 

11www.ffiec.gov/forms102.htm. 

positions, net short equity positions, 

customer and proprietary broker-dealer 

reserve bank accounts, and other market 

risk covered positions. 

The proposed reporting requirements 

described above would provide 

meaningful disclosure without requiring 

disclosure of proprietary information. 

The reports would enable the federal 

supervisors to monitor a banking 

organization’s risk profile related to 

market risk and identify changes in the 

risk profile that would pose risks to the 

financial system. These revised 

disclosure requirements are designed to 

increase transparency and complement 

the supervisory review process by 

encouraging market discipline through 

enhanced and meaningful public 

disclosure. The agencies intend for 

these proposed disclosure requirements 

to strike an appropriate balance between 

the supervisory and market benefits of 

reporting and the additional burden to 

a banking organization that would be 

required to provide disclosures. 

5. Proposed FFIEC 102a 

In addition to the revisions described 

above, the agencies propose to add a 

separate Supervisory Market Risk 

Regulatory Report (FFIEC 102a) that 

would function as a companion to the 

FFIEC 102 report in implementing the 

proposed capital rule’s revised market 

risk framework. The proposed 

Supervisory Market Risk Regulatory 

Report would be collected on a 

quarterly basis, would be confidential, 

and would apply only to banking 

organizations that calculate market risk 

capital requirements under the modelsbased measure for market risk. Under 

the proposal, the FFIEC 102a would be 

subdivided into three sections. The first 

section, Part 1, General Information, 

would collect general information for a 

banking organization’s trading desk(s) 

such as the number of regulator 

approved trading desks and number of 

regulator approved notional trading 

desks. It would also include data on the 

organizational structure of the trading 

desk such as trading desks identifier, 

trading desk name, organization unit 

identifier, and the asset class for each 

trading desk provided by the asset class 

that gives rise to the trading desk’s 

greatest aggregate market risk exposure 

as of the submission date. 

The second section, Part 2, Aggregate 

Trading Portfolio Backtesting, would 

collect aggregate level data for model 

eligible trading desk that includes the 

market value of total trading assets, 

market value of total trading liabilities, 

and data related to the number of value 

at risk (VaR) backtesting exceptions 

during the quarter. This part would also 

include data on the daily VaR-based 

measures calibrated to the 99.0th 

percentile; the daily expected shortfall 

(ES) based measure calibrated at the 

97.5th percentile; liquidity horizonadjusted ES-based measures; the actual 

profit and loss; the hypothetical profit 

and loss; and the p-value of the profit 

or loss for each day. The third section, 

Part 3, Backtesting and PLA Testing for 

Model-Eligible Trading Desks, would be 

reported at the trading desk level. The 

data in this section would include 

general information related to the 

trading desk such as the name, unique 

identifier for the trading desk, 

description of the trading desk, 

authorized products for the trading 

desk, main product types, and several 

questions about the trading desk. In 

addition, it would include data on the 

daily VaR-based measure for the trading 

desk calibrated at both the 99.0th and 

97.5th percentile; the capital measure 

for non-modellable risk factors; the 

daily ES-based measure calibrated at the 

97.5th percentile; the actual profit and 

loss; the hypothetical profit and loss; 

the risk-theoretical profit and loss; and 

the p-values of the profit or loss for each 

day. 

The proposed reporting requirements 

would enable the agencies to identify 

changes to the risk profiles of banking 

organizations that use the models-based 

approach for market risk. Specifically, 

the collection of backtesting and PLA 

data included in the proposed reports 

would enable the agencies to determine 

the validity of a banking organization’s 

internal models, and whether these 

models accurately account for the risk 

associated with exposure to price 

movements, changes in market 

structure, or market events that affect 

specific assets. If the agencies find these 

models not able to sufficiently capture 

market risks in these positions, under 

the proposed capital rule, the banking 

organization must then use the 

standardized approach for calculating 

its market risk capital requirements, 

thereby preventing divergence between 

a banking organization’s risk profile and 

its capital position. The FFIEC 102a 

report would be filed 20 days after the 

end of each quarter. The proposed 

submission date is intended to provide 

the agencies with sufficient time to 

review the data and make a 

determination pursuant to the proposed 

capital rule as to whether a trading desk 

is eligible to use the internal models 

approach prior to the due date of the 

banking organization’s other quarterly 

reports, including the FFIEC 102 and 

Call Report or FR Y–9C.10 In the event 

that this review results in a change to a 

trading desk’s eligibility, the banking 

organization would be able to make any 

necessary adjustments before the 

submission of its FFIEC 102 and Call 

Report or FR Y–9C, rather than having 

to revise and resubmit these reports. 

Furthermore, because the proposal 

requires a banking organization to 

calculate the data provided in the 

proposed report on a daily basis, the 20- 

day timeframe for submission is not 

expected to impose significantly 

increased compliance burden. 

Further details of all the revisions 

described above can be found in the 

proposed Supervisory Market Risk 

Regulatory Report form and 

instructions, available on the FFIEC’s 

website.11

III. Timing 

The agencies propose to make the 

reporting changes to the Call Report, 

FFIEC 101, and FFIEC 102 (including its 

new sub-report the FFIEC 102a) 

effective for the third quarter of 2025 

(September 30, 2025), consistent with 

the proposed July 1, 2025, effective date 

for the proposed capital rule. The 

agencies invite comment on any 

difficulties that institutions would 

expect to encounter in implementing 

the systems changes necessary to 

accommodate the proposed revisions to 

the Call Report, FFIEC 101, or FFIEC 

102/102a, or the minimum time 

required to make systems changes to 

implement these changes. The specific 

wording of the captions for the new or 

revised data items discussed in this 

proposal and the numbering of these 

data items should be regarded as 

preliminary. If modifications are made 

to the proposed capital rule in an 

associated final rule, the agencies would 

modify the information collection 

revisions in this proposal to incorporate 

such changes, as applicable. 

IV. 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 


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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. At the end of the comment 

period for this notice, the FFIEC and the 

agencies will review any comments 

received to determine whether to 

modify the proposal in response to such 

comments. 

Theodore J. Dowd, 

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. 

Federal Deposit Insurance Corporation. 

Dated at Washington, DC, on January 18, 

2024. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2024–01532 Filed 1–25–24; 8:45 am] 

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

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Notice of OFAC Sanctions Actions 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing the names 

of two persons and four vessels that 

have been placed on OFAC’s Specially 

Designated Nationals and Blocked 

Persons List (SDN List) based on 

OFAC’s determination that one or more 

applicable legal criteria were satisfied. 

All property and interests in property 

subject to U.S. jurisdiction of these 

persons and these vessels are blocked, 

and U.S. persons are generally 

prohibited from engaging in transactions 

with them. 

DATES: See SUPPLEMENTARY INFORMATION

section for applicable date(s). 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Bradley Smith, Director, tel.: 

202–622–2490; Associate Director for 

Global Targeting, tel.: 202–622–2420; 

Assistant Director for Licensing, tel.: 

202–622–2480; Assistant Director for 

Regulatory Affairs, tel.: 202–622–4855; 

or Assistant Director Compliance, tel.: 

202–622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The SDN List and additional 

information concerning OFAC sanctions 

programs are available on OFAC’s 

website (https://www.treasury.gov/ofac). 

Notice of OFAC Action(s) 

On January 12, 2024, OFAC 

determined that the property and 

interests in property subject to U.S. 

jurisdiction of the following persons 

and the following vessels subject to U.S. 

jurisdiction are blocked under the 

relevant sanctions authority listed 

below. 

Entities 

1. GLOBAL TECH MARINE SERVICES 

INC, Trust Company Complex, Ajeltake 

Road, Majuro, Ajeltake Island 96960, 

Marshall Islands; 8th Floor, Arenco Tower, 

Sheikh Zayed Road, Dubai, United Arab 

Emirates; Secondary sanctions risk: section 

1(b) of Executive Order 13224, as amended 

by Executive Order 13886; Organization 

Established Date 15 Dec 2020; Identification 

Number IMO 6197743; Business Registration 

Number 107145 (Marshall Islands) [SDGT] 

(Linked To: AL–JAMAL, Sa’id Ahmad 

Muhammad). 

Designated pursuant to section 1(a)(iii)(C) 

of Executive Order 13224 of September 23, 

2001, ‘‘Blocking Property and Prohibiting 

Transactions With Persons Who Commit, 

Threaten to Commit, or Support Terrorism’’ 

(E.O. 13224), 3 CFR, 2019 Comp., p. 356., as 

amended by Executive Order 13886 of 

September 9, 2019, ‘‘Modernizing Sanctions 

To Combat Terrorism,’’ 84 FR 48041 (E.O. 

13224, as amended) for having materially 

assisted, sponsored, or provided financial, 

material, or technological support for, or 

goods or services to or in support of, SA’ID 

AL–JAMAL (AL–JAMAL), a person whose 

property and interests in property are 

blocked pursuant to E.O. 13224, as amended. 

2. CIELO MARITIME LTD (a.k.a. CIELO 

MARITIME LIMITED), Room 6, 17th Floor, 

Wellborne Commercial Centre, 8, Java Road, 

North Point, Hong Kong, China; Secondary 

sanctions risk: section 1(b) of Executive 

Order 13224, as amended by Executive Order 

13886; Organization Established Date 28 May 

2023; Identification Number IMO 6410134; 

Registration Number 75354250 (Hong Kong) 

[SDGT] (Linked To: AL–JAMAL, Sa’id 

Ahmad Muhammad). 

Designated pursuant to section 1(a)(iii)(C) 

of E.O. 13224, as amended, for having 

materially assisted, sponsored, or provided 

financial, material, or technological support 

for, or goods or services to or in support of, 

AL–JAMAL, a person whose property and 

interests in property are blocked pursuant to 

E.O. 13224, as amended. 

Vessels 

1. FORTUNE GALAXY (3E2520) Crude Oil 

Tanker Panama flag; Secondary sanctions 

risk: section 1(b) of Executive Order 13224, 

as amended by Executive Order 13886; 

Vessel Registration Identification IMO 

9257010; MMSI 352001505 (vessel) [SDGT] 

(Linked To: GLOBAL TECH MARINE 

SERVICES INC). 

Identified pursuant to E.O. 13224, as 

amended, as property in which GLOBAL 

TECH MARINE SERVICES INC, a person 

whose property and interests in property are 

blocked pursuant to E.O. 13224, as amended, 

has an interest. 

2. MOLECULE (TJMC241) Crude Oil 

Tanker Cameroon flag; Secondary sanctions 

risk: section 1(b) of Executive Order 13224, 

as amended by Executive Order 13886; 

Vessel Registration Identification IMO 

9209300; MMSI 613003214 (vessel) [SDGT] 

(Linked To: GLOBAL TECH MARINE 

SERVICES INC). 

Identified pursuant to E.O. 13224, as 

amended, as property in which GLOBAL 

TECH MARINE SERVICES INC, a person 

whose property and interests in property are 

blocked pursuant to E.O. 13224, as amended, 

has an interest. 

3. SINCERE 02 (3E4733) Oil Products 

Tanker Kiribati flag; Secondary sanctions 

risk: section 1(b) of Executive Order 13224, 

as amended by Executive Order 13886; 

Vessel Registration Identification IMO 

9226011; MMSI 352002984 (vessel) [SDGT] 

(Linked To: GLOBAL TECH MARINE 

SERVICES INC). 

Identified pursuant to E.O. 13224, as 

amended, as property in which GLOBAL 

TECH MARINE SERVICES INC, a person 

whose property and interests in property are 

blocked pursuant to E.O. 13224, as amended, 

has an interest. 

4. MEHLE (3E3893) Crude Oil Tanker 

Panama flag; Secondary sanctions risk: 

section 1(b) of Executive Order 13224, as 

amended by Executive Order 13886; Vessel 

Registration Identification IMO 9191711; 

MMSI 352002537 (vessel) [SDGT] (Linked 

To: CIELO MARITIME LTD). 

Identified pursuant to E.O. 13224, as 

amended, as property in which CIELO 

MARITIME LTD, a person whose property 

and interests in property are blocked 

pursuant to E.O. 13224, as amended, has an 

interest. 

Dated: January 18, 2024. 

Bradley T. Smith, 

Director, Office of Foreign Assets Control, 

U.S. Department of the Treasury. 

[FR Doc. 2024–01556 Filed 1–25–24; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF THE TREASURY 

Privacy Act of 1974; System of 

Records 

AGENCY: Departmental Offices, 

Department of the Treasury. 


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