46890 Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices 

4Financial Stability Oversight Council 2015 

Annual Report, page 14, http://www.treasury.gov/ 

initiatives/fsoc/studies-reports/Documents/ 

2015%20FSOC%20Annual%20Report.pdf. 

5See 12 U.S.C. 3305(c). 

recognized in earnings’’ as defined in 

FFIEC 031 and FFIEC 041 Schedule RI, 

Memorandum item 14, and FR Y–9C 

Schedule HI, Memorandum item 17. 

(2) On the FFIEC 031 and FFIEC 041 

Schedule RC–E, Part I, Memorandum 

items 1.c.(1), ‘‘Brokered deposits of less 

than $100,000,’’ and 1.c.(2), ‘‘Brokered 

deposits of $100,000 through $250,000 

and certain brokered retirement deposit 

accounts,’’ were combined into a single 

item, Memorandum item 1.c, ‘‘Brokered 

deposits of $250,000 or less (fully 

insured brokered deposits).’’ The 

agencies propose for the new FFIEC 016 

report form and instructions to align its 

Balance Sheet line items 32 and 33 for 

retail and wholesale funding 

calculations, respectively, with the 

updated FFIEC 031 and FFIEC 041 

Schedule RC–E, Part I, Memorandum 

item 1.c, ‘‘Brokered deposits of $250,000 

or less (fully insured brokered 

deposits).’’ 

(3) On Schedule RC–M of the FFIEC 

031 and FFIEC 041, items for the 

amount of loans covered by FDIC losssharing agreements in the following 

loan categories were removed and 

combined with existing Schedule RC– 

M, item 13.a.(5), ‘‘All other loans and all 

leases’’ covered by such agreements: 

Item 13.a.(2), ‘‘Loans to finance 

agricultural production and other loans 

to farmers’’; item 13.a.(3), ‘‘Commercial 

and industrial loans’’; item 13.a.(4)(a), 

‘‘Credit cards’’; item 13.a.(4)(b), 

‘‘Automobile loans’’; and item 

13.a.(4)(c), ‘‘Other (includes revolving 

credit plans other than credit cards, and 

other consumer loans).’’ In order to keep 

the data collection uniform and 

comparable across types of reporting 

institutions, the agencies propose for the 

new FFIEC 016 report form and 

instructions to discontinue the 

deduction of loans covered by FDIC 

loss-sharing agreements from each of the 

loan categories collected in Balance 

Sheet line items 1 through 13. In 

addition, in the proposed new FFIEC 

016 report form, existing Balance Sheet 

line item 14, ‘‘Loans covered by FDIC 

loss-sharing agreements,’’ will be 

retained. 

In addition, the agencies are 

proposing to have reporting institutions 

provide their LEI on the FFIEC 016 

report form, if they have one. The LEI 

is a 20-digit alpha-numeric code that 

uniquely identifies entities that engage 

in financial transactions. The recent 

financial crisis spurred the development 

of a Global LEI System (GLEIS). 

Internationally, regulators and market 

participants have recognized the 

importance of the LEI as a key 

improvement in financial data systems. 

The Group of Twenty (G–20) nations 

directed the Financial Stability Board 

(FSB) to lead the coordination of 

international regulatory work and 

deliver concrete recommendations on 

the GLEIS by mid-2012, which in turn 

were endorsed by the G–20 later that 

same year. In January 2013, the LEI 

Regulatory Oversight Committee (ROC), 

including participation by regulators 

from around the world, was established 

to oversee the GLEIS on an interim 

basis. With the establishment of the full 

Global LEI Foundation in 2014, the ROC 

continues to review and develop broad 

policy standards for LEIs. The OCC, the 

Board, and the FDIC are all members of 

the ROC. 

The LEI system is designed to 

facilitate several financial stability 

objectives, including the provision of 

higher quality and more accurate 

financial data. In the United States, the 

Financial Stability Oversight Council 

(FSOC) has recommended that 

regulators and market participants 

continue to work together to improve 

the quality and comprehensiveness of 

financial data both nationally and 

globally. In this regard, the FSOC also 

has recommended that its member 

agencies promote the use of the LEI in 

reporting requirements and 

rulemakings, where appropriate.4

With respect to the FFIEC 016, the 

agencies are proposing to have reporting 

institutions provide their LEI on the 

cover page of this new report once it is 

implemented, if a reporting institution 

has an LEI. A reporting institution that 

does not have an LEI would not be 

required to obtain one for purposes of 

reporting it on the FFIEC 016. 

The uniform FFIEC 016 report would 

be collected through the application 

currently used to collect the agencies’ 

separate stress test reporting forms, the 

Federal Reserve’s Reporting Central 

application. The agencies believe that 

developing a uniform report under the 

FFIEC reporting structure will promote 

uniform standards and reporting across 

the agencies, which is consistent with 

the function of the FFIEC.5 The 

proposed FFIEC 016 information 

collection would satisfy each agency’s 

company-run stress-testing 

requirements, while ensuring 

consistency and comparability of the 

stress-testing information across 

institutions. The change from three 

separate agency-specific reports to an 

interagency FFIEC report is expected to 

be a seamless change for institutions 

with $10 to $50 billion in assets 

currently reporting annual Dodd-Frank 

Act stress-testing information. The 

change also would ensure that future 

collections of this information remain 

uniform across the agencies. 

The proposed FFIEC 016 report form 

would take effect as of December 31, 

2017. The first annual filing deadline for 

the FFIEC 016 report form would be July 

31, 2018. 

II. Request for Comment 

Public comment is requested on all 

aspects of this joint notice. Comments 

are invited on: 

(a) Whether the collections of 

information that are the subject of this 

notice are necessary for the proper 

performance of the agencies’ functions, 

including whether the information has 

practical utility; 

(b) The accuracy of the agencies’ 

estimates of the burden of the 

information collections 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 the information. 

Comments submitted in response to 

the joint notice will be shared among 

the agencies. All comments will become 

a matter of public record. 

Dated: October 2, 2017. 

Karen Solomon, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

Board of Governors of the Federal Reserve 

System, September 29, 2017. 

Ann E. Misback, 

Secretary of the Board. 

Dated at Washington, DC, this 27th day of 

September 2017. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2017–21571 Filed 10–5–17; 8:45 am] 

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

DEPARTMENT OF THE TREASURY 

Departmental Offices; Interest Rate 

Paid on Cash Deposited To Secure 

U.S. Immigration and Customs 

Enforcement Immigration Bonds 

AGENCY: Departmental Offices, Treasury. 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
Federal Register / Vol. 82, No. 193 / Friday, October 6, 2017 / Notices 46891 

ACTION: Notice. 

SUMMARY: For the period beginning 

October 1, 2017, and ending on 

December 31, 2017, the U.S. 

Immigration and Customs Enforcement 

Immigration Bond interest rate is 1.06 

per centum per annum. 

ADDRESSES: Comments or inquiries may 

be mailed to Sam Doak, Reporting Team 

Leader, Federal Borrowings Branch, 

Division of Accounting Operations, 

Office of Public Debt Accounting, 

Bureau of the Fiscal Service, 

Parkersburg, West Virginia 26106–1328. 

You can download this notice at the 

following Internet addresses: http://

www.treasury.gov or http://

www.federalregister.gov. 

DATES: Applicable October 1, 2017 to 

December 31, 2017. 

FOR FURTHER INFORMATION CONTACT: 

Adam Charlton, Manager, Federal 

Borrowings Branch, Office of Public 

Debt Accounting, Bureau of the Fiscal 

Service, Parkersburg, West Virginia 

26106–1328, (304) 480–5248; Sam Doak, 

Reporting Team Leader, Federal 

Borrowings Branch, Division of 

Accounting Operations, Office of Public 

Debt Accounting, Bureau of the Fiscal 

Service, Parkersburg, West Virginia 

26106–1328, (304) 480–5117. 

SUPPLEMENTARY INFORMATION: Federal 

law requires that interest payments on 

cash deposited to secure immigration 

bonds shall be ‘‘at a rate determined by 

the Secretary of the Treasury, except 

that in no case shall the interest rate 

exceed 3 per centum per annum.’’ 8 

U.S.C. 1363(a). Related Federal 

regulations state that ‘‘Interest on cash 

deposited to secure immigration bonds 

will be at the rate as determined by the 

Secretary of the Treasury, but in no case 

will exceed 3 per centum per annum or 

be less than zero.’’ 8 CFR 293.2. 

Treasury has determined that interest on 

the bonds will vary quarterly and will 

accrue during each calendar quarter at 

a rate equal to the lesser of the average 

of the bond equivalent rates on 91-day 

Treasury bills auctioned during the 

preceding calendar quarter, or 3 per 

centum per annum, but in no case less 

than zero. [FR Doc. 2015–18545] In 

addition to this Notice, Treasury posts 

the current quarterly rate in Table 2b— 

Interest Rates for Specific Legislation on 

the TreasuryDirect Web site. 

Gary Grippo, 

Deputy Assistant Secretary for Public 

Finance. 

[FR Doc. 2017–21524 Filed 10–5–17; 8:45 am] 

BILLING CODE 4810–25–P 


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