Federal Register / Vol. 79, No. 236 / Tuesday, December 9, 2014 / Notices 73073 

8 78 FR 55340 (September 10, 2013). 

9 79 FR 20754 (April 14, 2014). 

10 79 FR 47457 (August 13, 2014). 

variables. The Scenario Variables 

Schedule collects information on the 

additional scenario variables used over 

the planning horizon for each 

supervisory scenario. 

Revisions to Reporting Templates for 

Banks With $10 Billion to $50 Billion 

in Assets 

On July 9, 2013, the FDIC approved 

an interim final rule that will revise and 

replace the FDIC’s risk-based and 

leverage capital requirements to be 

consistent with agreements reached by 

the Basel Committee on Banking 

Supervision in ‘‘Basel III: A Global 

Regulatory Framework for More 

Resilient Banks and Banking Systems’’ 

(‘‘Basel III’’).8 The final rule was 

published in the Federal Register on 

April 14, 2014 (‘‘revised capital 

framework’’).9 The revisions include 

implementation of a new definition of 

regulatory capital, a new common 

equity tier 1 minimum capital 

requirement, a higher minimum tier 1 

capital requirement, and, for banking 

organizations subject to the Advanced 

Approaches capital rules, a 

supplementary leverage ratio that 

incorporates a broader set of exposures 

in the denominator measure. In 

addition, the rule will amend the 

methodologies for determining risk 

weighted assets. All banking 

organizations that are not subject to the 

Advanced Approaches Rule must begin 

to comply with the revised capital 

framework on January 1, 2015. 

Due to the timing of the Dodd-Frank 

Act stress test and the revised capital 

rulemaking, the FDIC considered several 

options for the timing and scope of this 

proposal to collect information related 

to the capital rulemaking. On August 13, 

2014, the FDIC published in the Federal 

Register, a 60-day information 

collection notice requesting public 

comment on proposed revisions to the 

stress testing reporting templates.10 The 

FDIC received one comment. The 

commenter expressed concerns that 

covered banks will lack the relevant 

data for the stress testing requirements 

ahead of when these items are required 

to be reported in the Consolidated 

Report of Condition and Income (‘‘Call 

Reports’’). After carefully considering 

this comment, the FDIC has made minor 

technical changes and clarifications to 

the reporting instructions as described 

below. 

The FDIC proposes to revise the FDIC 

DFAST 10–50 Summary Schedule by 

adding a common equity tier 1 capital 

data item and the FDIC DFAST 10–50 

Balance Sheet Schedules (baseline, 

adverse, and severely adverse scenarios) 

by adding a common equity tier 1 risk 

based capital ratio data item in order to 

reflect the requirements of the revised 

capital framework. These revisions to 

the FDIC 10–50 DFAST reporting forms 

would apply beginning in the 2015 

stress test cycle in which covered banks 

must report by March 31, 2015. 

In addition, the FDIC proposes to 

clarify the FDIC DFAST 10–50 reporting 

form instructions to emphasize that a 

covered bank should transition to the 

revised capital framework requirements 

in its bank-run stress test projections in 

the quarter in which the revised capital 

framework requirements become 

effective. Specifically, a covered bank 

would be required to comply with the 

revised capital framework and begin 

including the common equity tier 1 

capital data item and common equity 

tier 1 risk based capital ratio data item 

in projected quarter 2 (1st quarter, 2015) 

through projected quarter 9 (4th quarter, 

2016) for each supervisory scenario for 

the 2015 stress test cycle. 

The FDIC also proposes several 

clarifications to the FDIC DFAST 10–50 

reporting form instructions, including: 

Indicating that the Scenario Variables 

Schedule would be collected as a 

reporting form in Reporting Central 

(instead of as a file submitted in Adobe 

Acrobat PDF format); clarifying what 

covered banks should include in line 

items 32 and 33 (retail and wholesale 

funding) on the Balance Sheet Schedule 

with reference to relevant Call Report 

line items; clarifying the disallowed 

deferred tax asset and unrealized gains 

and losses on available-for-sale (‘‘AFS’’) 

securities line items; clarifying the 

descriptions of the total capital and total 

risk-based capital line items; and 

finally, clarifying how the supporting 

qualitative information should be 

organized. 

Burden Estimates 

The FDIC estimates the burden of this 

collection of information as follows: 

Current 

Number of Respondents: 22. 

Annual Burden per Respondent: 464 

hours. 

Total Annual Burden: 10,208 hours. 

Proposed 

Estimated Number of Respondents: 

22. 

Estimated Annual Burden per 

Respondent: 469 hours. 

Estimated Total Annual Burden: 

10,318 hours. 

The burden for each $10 billion to $50 

billion covered bank that completes the 

FDIC DFAST 10–50 Results Template 

and FDIC DFAST 10–50 Scenario 

Variables Template is estimated to be 

469 hours. The burden to complete the 

FDIC DFAST 10–50 Results Template is 

estimated to be 440 hours, including 20 

hours to input these data and 420 hours 

for work related to modeling efforts. The 

burden to complete the FDIC DFAST 

10–50 Scenario Variables Template is 

estimated to be 29 hours. The total 

burden for all 22 respondents to 

complete both templates is estimated to 

be 10,318 hours, or an increase to the 

total burden of 110 hours. 

Comments are invited on all aspects 

of the proposed changes to the 

information collection, particularly: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

FDIC, including whether the 

information has practical utility; 

(b) The accuracy of the FDIC’s 

estimate of the burden of the collection 

of information; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

the collection on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; 

(e) Estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information; and 

(f) The ability of FDIC-supervised 

banks and savings associations with 

assets between $10 billion and $50 

billion to provide the requested 

information to the FDIC by March 31, 

2015. 

Dated at Washington, DC, this 3rd day of 

December 2014. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2014–28708 Filed 12–8–14; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL ELECTION COMMISSION 

Sunshine Act Meetings 

AGENCY: Federal Election Commission 

DATE AND TIME: Thursday, December 11, 

2014 at 10:00 a.m. 

PLACE: 999 E Street NW., Washington, 

DC (Ninth Floor) 

STATUS: This meeting will be open to 

the public. 

ITEMS TO BE DISCUSSED: 


rljohnson on DSK3VPTVN1PROD with NOTICES
73074 Federal Register / Vol. 79, No. 236 / Tuesday, December 9, 2014 / Notices 

Correction and Approval of Minutes for 

November 6, 2014 

Draft Advisory Opinion 2014–18: 

Rayonier Inc. and Rayonier Advanced 

Materials Inc. 

Petition to Amend 11 CFR 100.4—Draft 

Notice of Disposition 

2014 Legislative Recommendations 

Revised Enforcement Manual 

Management and Administrative 

Matters 

Individuals who plan to attend and 

require special assistance, such as sign 

language interpretation or other 

reasonable accommodations, should 

contact Shawn Woodhead Werth, 

Secretary and Clerk, at (202) 694–1040, 

at least 72 hours prior to the meeting 

date. 

PERSON TO CONTACT FOR INFORMATION: 

Judith Ingram, Press Officer, Telephone: 

(202) 694–1220. 

Shelley E. Garr, 

Deputy Secretary of the Commission. 

[FR Doc. 2014–28937 Filed 12–5–14; 4:15 pm] 

BILLING CODE 6715–01–P 

FEDERAL MINE SAFETY AND HEALTH 

REVIEW COMMISSION 

Sunshine Act Notice 

December 5, 2014. 

TIME AND DATE: 2:00 p.m., Thursday, 

December 18, 2014. 

PLACE: The Richard V. Backley Hearing 

Room, Room 511N, 1331 Pennsylvania 

Avenue NW., Washington, DC 20004 

(enter from F Street entrance). 

STATUS: Open. 

MATTERS TO BE CONSIDERED: The 

Commission will consider and act upon 

the following in open session: Secretary 

of Labor v. Small Mine Development, 

Docket Nos. WEST 2011–1351–M, et al. 

(Issues include whether the 

Administrative Law Judge erred in 

concluding that a refuge must be 

installed during exploration or 

development of an ore body when the 

operator decides not to construct a 

second escapeway.) 

Any person attending this meeting 

who requires special accessibility 

features and/or auxiliary aids, such as 

sign language interpreters, must inform 

the Commission in advance of those 

needs. Subject to 29 CFR 

§ 2706.150(a)(3) and § 2706.160(d). 

CONTACT PERSON FOR MORE INFO: 

Emogene Johnson (202) 434–9935/(202) 

708–9300 for TDD Relay/1–800–877– 

8339 for toll free. 

Sarah L. Stewart, 

Deputy General Counsel. 

[FR Doc. 2014–28988 Filed 12–5–14; 3:15 pm] 

BILLING CODE 6735–01–P 

FEDERAL MINE SAFETY AND HEALTH 

REVIEW COMMISSION 

Sunshine Act Notice 

December 5, 2014. 

TIME AND DATE: 10:00 a.m., Thursday, 

December 18, 2014. 

PLACE: The Richard V. Backley Hearing 

Room, Room 511N, 1331 Pennsylvania 

Avenue NW, Washington, DC 20004 

(enter from F Street entrance). 

STATUS: Open. 

MATTERS TO BE CONSIDERED: The 

Commission will hear oral argument in 

the matter Secretary of Labor v. Small 

Mine Development, Docket Nos. WEST 

2011–1351–M, et al. (Issues include 

whether the Administrative Law Judge 

erred in concluding that a refuge must 

be installed during exploration or 

development of an ore body when the 

operator decides not to construct a 

second escapeway.) 

Any person attending this oral 

argument who requires special 

accessibility features and/or auxiliary 

aids, such as sign language interpreters, 

must inform the Commission in advance 

of those needs. Subject to 29 CFR 

2706.150(a)(3) and § 2706.160(d). 

CONTACT PERSON FOR MORE INFO: 

Emogene Johnson (202) 434–9935/(202) 

708–9300 for TDD Relay/1–800–877– 

8339 for toll free. 

Sarah L. Stewart, 

Deputy General Counsel. 

[FR Doc. 2014–28986 Filed 12–5–14; 4:15 pm] 

BILLING CODE 6735–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Bank or 

Bank Holding Company 

The notificants listed below have 

applied under the Change in Bank 

Control Act (12 U.S.C. 1817(j)) and 

§ 225.41 of the Board’s Regulation Y (12 

CFR 225.41) to acquire shares of a bank 

or bank holding company. The factors 

that are considered in acting on the 

notices are set forth in paragraph 7 of 

the Act (12 U.S.C. 1817(j)(7)). 

The notices are available for 

immediate inspection at the Federal 

Reserve Bank indicated. The notices 

also will be available for inspection at 

the offices of the Board of Governors. 

Interested persons may express their 

views in writing to the Reserve Bank 

indicated for that notice or to the offices 

of the Board of Governors. Comments 

must be received not later than 

December 26, 2014. 

A. Federal Reserve Bank of Kansas 

City (Dennis Denney, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. The Joseph P. Kennedy and 

Marybeth Kennedy Trust, and Jay 

Kennedy, trustee, both of Frankfort, 

Kansas; Nancy Padden, individually 

and as trustee of the Nancy C. Padden 

Trust, and Jon Padden as trustee of the 

Nancy C. Padden Trust, all of 

Marysville, Kansas; to retain voting 

shares of First Frankfort Bancshares, 

Inc., and thereby retain voting shares of 

First National Bank in Frankfort, both in 

Frankfort, Kansas. 

Board of Governors of the Federal Reserve 

System, December 4, 2014. 

Michael J. Lewandowski, 

Associate Secretary of the Board. 

[FR Doc. 2014–28791 Filed 12–8–14; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request 

AGENCY: Federal Trade Commission 

(‘‘FTC’’ or ‘‘Commission’’). 

ACTION: Notice. 

SUMMARY: The information collection 

requirements described below will be 

submitted to the Office of Management 

and Budget (‘‘OMB’’) for review, as 

required by the Paperwork Reduction 

Act (‘‘PRA’’). The FTC is seeking public 

comments on its proposal to extend for 

an additional three years its OMB 

clearance for the information collection 

requirements contained in the 

Commission’s Business Opportunity 

Rule (‘‘Rule’’). That clearance expires on 

February 28, 2015. 

DATES: Comments must be submitted by 

January 8, 2015. 

ADDRESSES: Interested parties may file a 

comment online or on paper, by 

following the instructions in the 

Request for Comment part of the 

SUPPLEMENTARY INFORMATION section 

below. Write ‘‘Business Opportunity 

Rule Paperwork Comment, FTC File No. 

P114408’’ on your comment, and file 

your comment online at https://

ftcpublic.commentworks.com/ftc/

BusinessOptionRulePRA2 by following 


rljohnson on DSK3VPTVN1PROD with NOTICES