3170 Federal Register / Vol. 87, No. 13 / Thursday, January 20, 2022 / Notices 

medical reports about the applicants’ 

vision, as well as their driving records 

and experience driving with the vision 

deficiency. 

IV. Conclusion 

The Agency has determined that these 

applicants do not satisfy the eligibility 

criteria or meet the terms and 

conditions of the Federal exemption and 

granting these exemptions would not 

provide a level of safety that would be 

equivalent to, or greater than, the level 

of safety that would be obtained by 

complying with § 391.41(b)(10). 

Therefore, the 33 applicants in this 

notice have been denied exemptions 

from the physical qualification 

standards in § 391.41(b)(10). 

Each applicant has, prior to this 

notice, received a letter of final 

disposition regarding his/her exemption 

request. Those decision letters fully 

outlined the basis for the denial and 

constitute final action by the Agency. 

This notice summarizes the Agency’s 

recent denials as required under 49 

U.S.C. 31315(b)(4) by periodically 

publishing names and reasons for 

denial. 

The following two applicants did not 

have sufficient driving experience over 

the past 3 years under normal highway 

operating conditions: 

Lawrence L. Pedro (OR); and Johnnie E. 

Washington (CT) 

The following 24 applicants had no 

experience operating a CMV: 

Le’Sean S. Auguste (TX) 

Jody D. Bennett (UT) 

Joseph C. Carpenter (CA) 

Richard E. Clemens (IL) 

Vincent N. Crescenzo (NY) 

Paul A. Davis (PA) 

Efrain Gonzalez (TX) 

Lawrence E. Grant (NH) 

Brian J. Hall (MT) 

Christopher S. Lambert (AR) 

David Paul Mason (FL) 

Courtney C. McFall (IL) 

Louis L. Miller (KS) 

Collin Mitchell (NY) 

Jorge A. Pichardo (NC) 

Henok G. Reda (WA) 

Kathleen A. Santos (ME) 

Domenic J. Scioletti (MA) 

Randy J. Shackelton (NC) 

Kenneth L. Storey (IN) 

James H. Townsend (OH) 

Jonathan O. Umanzor Serpas (MD) 

Charles D. Vonschriltz (OK) 

Patrick D. Woodward (NM) 

The following three applicants did 

not have 3 years of experience driving 

a CMV on public highways with their 

vision deficiencies: 

Robert A. Freece (OR); James P. Gritz 

(PA); and Terry L. Kirstein (TX) 

The following applicant, Robert J. 

Stewart (CO), did not have 3 years of 

recent experience driving a CMV on 

public highways with their vision 

deficiencies. 

The following applicant, Richard E. 

Hadler (MN), did not hold a license 

which allowed operation of vehicles 

over 26,000 lbs. 

The following two applicants drove 

interstate while restricted to intrastate 

driving: 

Shane E. Finnerud (WI); and David A. 

Swan (IL) 

Larry W. Minor, 

Associate Administrator for Policy. 

[FR Doc. 2022–01015 Filed 1–19–22; 8:45 am] 

BILLING CODE 4910–EX–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

FEDERAL RESERVE SYSTEM 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Proposed Agency Information 

Collection Activities: Comment 

Request 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury; Board of 

Governors of the Federal Reserve 

System (Board); and Federal Deposit 

Insurance Corporation (FDIC). 

ACTION: Joint notice and request for 

comment. 

SUMMARY: In accordance with the 

requirements of the Paperwork 

Reduction Act of 1995 (PRA), the OCC, 

the Board, and the FDIC (the agencies) 

may not conduct or sponsor, and the 

respondent is not required to respond 

to, an information collection unless it 

displays a currently valid Office of 

Management and Budget (OMB) control 

number. The Federal Financial 

Institutions Examination Council 

(FFIEC), of which the agencies are 

members, has approved the agencies’ 

publication for public comment of a 

proposal to revise and extend the 

Country Exposure Report (FFIEC 009) 

and the Country Exposure Information 

Report (FFIEC 009a), which are 

currently approved collections of 

information. The revisions to the FFIEC 

009 and the FFIEC 009a are proposed to 

take effect as of the December 31, 2022, 

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 

comments. As required by the PRA, the 

agencies will then publish a second 

Federal Register notice for a 30-day 

comment period and submit the final 

FFIEC 009 and FFIEC 009a to OMB for 

review and approval. 

DATES: Comments must be submitted on 

or before March 21, 2022. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

any or all of the agencies. All comments, 

which should refer to the OMB control 

number(s), will be shared among the 

agencies. 

OCC: You may submit comments, 

which should refer to ‘‘FFIEC 009 and 

FFIEC 009a,’’ by any of the following 

methods: 

• Email: prainfo@occ.treas.gov. 

• Mail: Chief Counsel’s Office, Office 

of the Comptroller of the Currency, 

Attention: 1557–0100, 400 7th Street 

SW, Suite 3E–218, Washington, DC 

20219. 

• Hand Delivery/Courier: 400 7th 

Street SW, Suite 3E–218, Washington, 

DC 20219. 

Instructions: You must include 

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

0100’’ in your comment. In general, the 

OCC will publish comments on 

www.reginfo.gov without change, 

including any business or personal 

information provided, such as name and 

address information, email addresses, or 

phone numbers. Comments received, 

including attachments and other 

supporting materials, are part of the 

public record and subject to public 

disclosure. Do not include any 

information in your comment or 

supporting materials that you consider 

confidential or inappropriate for public 

disclosure. 

You may review comments and other 

related materials that pertain to this 

information collection beginning on the 

date of publication of the second notice 

for this collection by any of the 

following methods: 

• Viewing Comments Electronically: 

Go to www.reginfo.gov. Click on the 

‘‘Information Collection Review’’ tab. 

Underneath the ‘‘Currently under 

Review’’ section heading, from the dropdown menu select ‘‘Department of 

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

information collection can be located by 

searching by OMB control number 

‘‘1557–0100’’ or ‘‘FFIEC 009 and FFIEC 

009a’’. Upon finding the appropriate 

information collection, click on the 

related ‘‘ICR Reference Number.’’ On the 

next screen, select ‘‘View Supporting 

Statement and Other Documents’’ and 

then click on the link to any comment 

listed at the bottom of the screen. 


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Federal Register / Vol. 87, No. 13 / Thursday, January 20, 2022 / Notices 3171 

• For assistance in navigating 

www.reginfo.gov, please contact the 

Regulatory Information Service Center 

at (202) 482–7340. 

Board: You may submit comments, 

which should refer to ‘‘FFIEC 009 and 

FFIEC 009a,’’ by any of the following 

methods: 

• Agency Website: http://www.federal

reserve.gov. Follow the instructions for 

submitting comments at: http://

www.federalreserve.gov/generalinfo/ 

foia/ProposedRegs.cfm. 

• Email: regs.comments@

federalreserve.gov. Include ‘‘FFIEC 009 

and FFIEC 009a’’ in the subject line of 

the message. 

• Fax: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Ann E. Misback, Secretary, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551. 

All public comments are available on 

the Board’s website at https://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx as submitted, unless 

modified for technical reasons. 

Accordingly, your comments will not be 

edited to remove any identifying or 

contact information. 

FDIC: You may submit comments, 

which should refer to ‘‘FFIEC 009 and 

FFIEC 009a,’’ by any of the following 

methods: 

• Agency Website: https://

www.fdic.gov/regulations/laws/federal/. 

Follow the instructions for submitting 

comments on the FDIC’s website. 

• Federal eRulemaking Portal: 

https://www.regulations.gov. Follow the 

instructions for submitting comments. 

• Email: comments@FDIC.gov. 

Include ‘‘FFIEC 009 and FFIEC 009a’’ in 

the subject line of the message. 

• Mail: Manuel E. Cabeza, Counsel, 

Attn: Comments, Room MB–3007, 

Federal Deposit Insurance Corporation, 

550 17th Street NW, Washington, DC 

20429. 

• Hand Delivery: Comments may be 

hand delivered to the guard station at 

the rear of the 550 17th Street Building 

(located on F Street) on business days 

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

Public Inspection: All comments 

received will be posted without change 

to https://www.fdic.gov/regulations/ 

laws/federal/ including any personal 

information provided. Paper copies of 

public comments may be requested from 

the FDIC Public Information Center by 

telephone at (877) 275–3342 or (703) 

562–2200. 

Additionally, commenters may send a 

copy of their comments to the OMB 

desk officers for the agencies by mail to 

the Office of Information and Regulatory 

Affairs, U.S. Office of Management and 

Budget, New Executive Office Building, 

Room 10235, 725 17th Street NW, 

Washington, DC 20503; by fax to (202) 

395–6974; or by email to oira_

submission@omb.eop.gov. 

FOR FURTHER INFORMATION CONTACT: For 

further information about the 

information collections discussed in 

this notice, please contact any of the 

agency staff whose names appear below. 

In addition, copies of the FFIEC 009 and 

FFIEC 009a reporting forms can be 

obtained at the FFIEC’s website (https:// 

www.ffiec.gov/ffiec_report_forms.htm). 

OCC: Kevin Korzeniewski, Counsel, 

Chief Counsel’s Office, (202) 649–5490, 

or for persons who are hearing 

impaired, TTY, (202) 649–5597. 

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: The 

agencies are proposing to extend for 

three years, with revision, the FFIEC 

009 and FFIEC 009a, which are 

currently approved collections of 

information for each agency. 

Report Titles: Country Exposure 

Report and Country Exposure 

Information Report. 

Form Numbers: FFIEC 009 and FFIEC 

009a. 

Frequency of Response: Quarterly. 

Affected Public: Business or other for 

profit. 

OCC 

OMB Number: 1557–0100. 

Estimated Number of Respondents: 10 

(FFIEC 009), 4 (FFIEC 009a). 

Estimated Average Time per 

Response: 135 hours (FFIEC 009), 6.5 

hours (FFIEC 009a). 

Estimated Total Annual Burden: 

5,400 hours (FFIEC 009), 104 hours 

(FFIEC 009a). 

Board 

OMB Number: 7100–0035. 

Estimated Number of Respondents: 49 

(FFIEC 009), 36 (FFIEC 009a). 

Estimated Average Time per 

Response: 135 hours (FFIEC 009), 6.5 

hours (FFIEC 009a). 

Estimated Total Annual Burden: 

26,460 hours (FFIEC 009), 936 hours 

(FFIEC 009a). 

FDIC 

OMB Number: 3064–0017. 

Estimated Number of Respondents: 13 

(FFIEC 009), 8 (FFIEC 009a). 

Estimated Average Time per 

Response: 135 hours (FFIEC 009), 6.5 

hours (FFIEC 009a). 

Estimated Total Annual Burden: 

7,020 hours (FFIEC 009), 208 hours 

(FFIEC 009a). 

I. General Description of Reports 

The Country Exposure Report (FFIEC 

009) is filed quarterly with the agencies 

and provides information on 

international claims of U.S. banks, 

savings associations, Edge and/or 

Agreement corporations, bank holding 

companies, savings and loan holding 

companies, and U.S. intermediate 

holding companies of foreign banking 

organizations (collectively, U.S. banking 

organizations) that is used for 

supervisory and analytical purposes. 

The information is used to monitor the 

foreign country exposures of reporting 

institutions to determine the degree of 

risk in their portfolios and assess the 

potential risk of loss. The Country 

Exposure Information Report (FFIEC 

009a) is a supplement to the FFIEC 009 

and provides publicly available 

information on material foreign country 

exposures (i.e., all exposures to a foreign 

country in excess of 1 percent of total 

assets or 20 percent of total capital, 

whichever is less) of U.S. banking 

organizations that file the FFIEC 009 

report. As part of the FFIEC 009a, 

reporting institutions also must furnish 

a list of countries in which they have 

lending exposures above 0.75 percent of 

total assets or 15 percent of total capital, 

whichever is less. 

Legal Basis and Need for Collection 

These information collections are 

mandatory under the following statutes: 

12 U.S.C. 161 and 1817 (national banks), 

12 U.S.C. 1464 (federal savings 

associations), 12 U.S.C. 248(a)(1) and 

(2), 1844(c), and 3906 (state member 

banks and bank holding companies); 12 

U.S.C. 1467a(b)(2)(A) (savings and loan 

holding companies); 12 U.S.C. 5365(a) 

(intermediate holding companies); and 

12 U.S.C. 1817 and 1820 (insured state 

nonmember commercial and savings 

banks and insured state savings 

associations). The FFIEC 009 

information collection is given 

confidential treatment (5 U.S.C. 

552(b)(4) and (b)(8)). The FFIEC 009a 

information collection is not given 

confidential treatment. 

II. Current Actions 

The FFIEC has approved issuing for 

public comment a proposal to revise 

and extend for three years the FFIEC 

009 and 009a. The agencies propose the 


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3172 Federal Register / Vol. 87, No. 13 / Thursday, January 20, 2022 / Notices 

1 78 FR 6176, 6179 (January 29, 2013). 

2For example, in 1979, the OCC, FDIC and Board 

established the Interagency Country Exposure 

Review Committee to ensure consistent treatment of 

the transfer risk associated with banks’ foreign 

exposures to both public- and private-sector 

entities. See https://www.fdic.gov/regulations/ 

safety/guide/icerc.pdf. 3As defined in 12 CFR 252.2. 

following revisions to the FFIEC 009 

and 009a: 

A. Change From Ultimate Risk to 

Guarantor Basis in the FFIEC 009 

The FFIEC 009 requires respondents 

to report their international claims 

based on the country of residence of the 

counterparty and, additionally, to 

redistribute these immediatecounterparty claims to provide the 

country of residence of the guarantors or 

collateral of the claims. This 

redistribution is termed ‘‘Ultimate Risk 

Basis;’’ however, the redistribution 

specified in the current FFIEC 009 

instructions does not always identify 

the ultimate bearer of risk but does 

identify the country of a guarantor. The 

term ‘‘Guarantor Basis’’ more accurately 

describes what is being collected. 

Therefore, the agencies propose to 

rename the ‘‘Ultimate Risk Basis’’ 

columns on the FFIEC 009 to 

‘‘Guarantor Basis’’ and make 

corresponding changes to the 

instructions. The agencies do not 

consider this modification to be 

substantive. However, the agencies have 

included the modification in this notice 

to ensure institutions are aware that the 

data currently collected in these 

columns are not impacted by the change 

in the names of the columns. 

B. Addition of Two New Collateral 

Columns to the FFIEC 009 

The 2013 revision of the FFIEC 009 

report introduced memorandum items 

on collateral pledged against claims that 

is not eligible for risk transfer treatment 

as defined in the report instructions. 

The items were introduced to help 

‘‘users to better assess net risks based on 

their own assumptions about the 

benefits of the collateral,’’ and were also 

intended to ‘‘produce greater insight 

into reporting institutions’ own internal 

calculations of foreign country 

exposure, which typically take collateral 

into account.’’ 1 This information is 

especially useful for certain claims such 

as reverse repurchase agreements and 

other securities financing transactions 

reported on a direct counterparty basis. 

However, while the FFIEC 009 and 

FFIEC 009a collect information 

regarding the amount of collateral that 

originates in the same country as the 

direct counterparty, the reports do not 

record the source of collateral if it has 

other origins, be it the United States 

(U.S.) or any other countries. This limits 

the ability of users to assess the extent 

to which collateral mitigates risk 

because the mitigation could be greater 

(e.g., if the collateral originates in the 

U.S.), or less (if the collateral originates 

in a lower-rated third country) than the 

risk mitigation provided by collateral 

from the same country as the direct 

counterparty. This could also affect the 

ability of the FFIEC agencies to monitor 

U.S. bank exposures to high-risk 

countries.2

As of September 30, 2021, the FFIEC 

009 reports included $1.039 trillion in 

collateral supporting claims not eligible 

for risk transfer. Some $607 billion of 

this collateral originated outside of the 

country of the direct counterparty, 

equivalent to 13.2 percent of all U.S. 

banking organizations’ direct 

outstanding claims. Furthermore, $152 

billion of the $607 billion of collateral 

involved claims against counterparties 

domiciled in the Cayman Islands, 

representing 29 percent of direct 

outstanding claims to that jurisdiction. 

Other countries where collateral against 

claims not eligible for risk transfer and 

not originating in the same country 

exceeded $25 billion, or 15 percent of 

direct outstanding claims, included, but 

not limited to, France, Japan, Canada, 

the United Kingdom, Germany, 

Singapore, South Korea, Ireland and 

Luxembourg. 

The agencies propose adding two new 

columns to the FFIEC 009, Schedule C, 

Part II, Claims on an Ultimate Risk Basis 

and Memorandum Items, under 

‘‘Collateral Held Against Claims With 

No Risk Transfer.’’ The title of the first 

additional column would be: ‘‘Of Which 

U.S.,’’ which would be inserted after the 

column titled ‘‘Of Which, Same 

Country.’’ This new column would 

show the amount of collateral that 

consists of U.S. Treasury securities or 

other securities issued by the U.S. The 

title of the second new column would 

be: ‘‘Of Which Resale and Reverse 

Repurchase Agreements and Securities 

Lending (Collateral).’’ This column 

would duplicate the existing column 

that reports collateral for financing and 

securities lending based on the country 

of the counterparty (currently column 

16) but would reallocate amounts based 

on the country in which the collateral 

was issued. Together, these two new 

columns, along with column 16, would 

help provide a more complete view of 

the origin of collateral and its value as 

a risk mitigant. This proposed change to 

the FFIEC 009 would improve 

information on the origin of the 

underlying securities acting as collateral 

for claims with no risk transfer. 

C. Adjustment of Reporting Thresholds 

on the FFIEC 009a 

The current FFIEC 009a form consists 

of two parts, Part A and Part B. Part A 

requires detailed information on total 

exposures to any foreign country in 

excess of 1 percent of the institution’s 

total assets or 20 percent of the 

institution’s total capital, whichever is 

less. Part B requires only the country 

name for exposures to any foreign 

country in excess of 0.75 percent of the 

institution’s total assets or 15 percent of 

the institution’s total capital, whichever 

is less, and is not listed in Part A. 

The current format of Part B of the 

FFIEC 009a (i.e., a list of country names) 

and the difference in level of detail 

between Part A and Part B reporting 

requirements have caused confusion 

and errors for reporting institutions. In 

addition, the more limited detail 

available in Part B reporting makes this 

portion of the report much less useful 

than the more granular reporting in Part 

A. Therefore, the agencies propose to 

eliminate Part B of the FFIEC 009a and 

expand the scope for reporting the more 

granular information currently in Part 

A. Under the proposed scope, reporting 

institutions would have to report more 

granular exposure information for each 

foreign country that exceeds the lesser 

of 0.75 percent of total assets or 15 

percent of total capital, which is the 

current Part B threshold. Revising the 

scope to provide additional reporting 

granularity to the public should result 

in negligible additional burden for 

reporting institutions because similar 

granularity is already being reported in 

the FFIEC 009. 

Based on recent reporting, the 

proposed change is expected to provide 

more granular disclosure for over $200 

billion in additional foreign claims, 

mostly by global systemically important 

banking organizations.3 Additionally, 

the agencies expect a limited impact to 

reporting institutions, as approximately 

one-third of reporting institutions will 

have no additional countries to report, 

about one-third of reporting institutions 

will provide more detail for one 

additional country, and the remaining 

reporting institutions will provide more 

detail for an average of an additional 

two countries each. 

D. Addition of Immediate-Counterparty 

Claims Columns to FFIEC 009a 

The FFIEC 009a data provide 

important market transparency and 

comparability data regarding banking 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 13 / Thursday, January 20, 2022 / Notices 3173 

organizations’ foreign claims. The 

agencies propose to enhance its 

effectiveness by adding key information 

on an immediate-counterparty basis. 

The current format of the FFIEC 009a 

concentrates primarily on guarantor 

basis (currently labelled Ultimate Risk 

Basis) claims. Guarantor basis 

information can be somewhat opaque to 

the public and generally reflects an 

implicit assumption of full 

substitutability between claims 

exposure and offsets such as credit 

derivatives or collateral. 

The agencies propose to add six 

columns of information that report 

immediate-counterparty claims: 

—One new column for Amount of 

Cross-Border Claims Outstanding 

(Excluding Derivative Products) 

—One new column for Amount of 

Foreign Office Claims on Local 

Residents (Excluding Derivative 

Products) 

—Four new columns for Distribution of 

Amount of Cross-Border Claims 

across counterparty sector, that is, 

Banks, Public, Non-Bank Financial 

Institutions (NBFIs) and Other. 

These new columns would parallel 

the existing Part A, columns (1), (2) and 

(6)–(9) except they would be reported 

on an immediate-counterparty basis 

rather than a guarantor basis. The 

agencies would retain the existing 

Guarantor Basis columns. 

E. Change in Burden 

Collectively, the agencies expect the 

proposed changes would result in an 

increase in burden per submission of 

the FFIEC 009 of 4 hours, from 131 

hours to 135 hours. This change in 

burden is primarily due to the proposed 

changes to add two new collateral 

columns. Since the proposed revisions 

to the FFIEC 009a reflect disclosures of 

data already collected, but not currently 

disclosed, on the FFIEC 009, the 

agencies expect that the burden per 

submission of the FFIEC 009a would 

increase by 0.5 hours, from 6 hours to 

6.5 hours. 

III. Request for Comment 

Public comment is requested on all 

aspects of this notice. Comment is also 

specifically invited on: 

(a) Whether the information 

collections are necessary for the proper 

performance of the agencies’ functions, 

including whether the information has 

practical utility; 

(b) The accuracy of the agencies’ 

estimates of the burden of the 

information collections, including the 

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. 

Patrick T. Tierney, 

Assistant Director, Bank Advisory, Office of 

the Comptroller of the Currency. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

Board of Governors of the Federal Reserve 

System. 

Dated at Washington, DC, on January 13, 

2022. 

James P. Sheesley, 

Assistant Executive Secretary, Federal 

Deposit Insurance Corporation. 

[FR Doc. 2022–01013 Filed 1–19–22; 8:45 am] 

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

DEPARTMENT OF THE TREASURY 

Notice of Availability; Data Collection 

Effort for E.O. 13985—Increasing 

Equity in Procurement Spending 

Barrier Assessment 

Correction 

In notice document 2022–00473, 

appearing on pages 2240–2241, in the 

issue of Thursday, January 13, 2022, 

make the following correction: 

On page 2240, in the third column, in 

the ADDRESSES section, the second 

through fourth lines should read: 

https://survey.alchemer.com/s3/ 

6659553/OSBDU-Data-CollectionEffort-for-EO-13985. 

[FR Doc. C1–2022–00473 Filed 1–19–22; 8:45 am] 

BILLING CODE 0099–10–D 


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