[Federal Register Volume 77, Number 175 (Monday, September 10, 2012)]
[Notices]
[Pages 55473-55474]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-22191]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities; Renewal of a Currently
Approved Collection; Comment Request; Basel II Recordkeeping and
Disclosures
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comments.
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SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork
and respondent burden, invites the general public and other Federal
agencies to take this opportunity to comment on information
collections, as required by the Paperwork Reduction Act of 1995, Public
Law 104-13 (44 U.S.C. 3506(c)(2)(A). The FDIC is soliciting comments
concerning the currently approved Basel II--Recordkeeping and
Disclosures information collection, which is being renewed without
change pending OMB review and action on proposed changes to the
collection arising from proposed rules published in the Federal
Register on August 30, 2012, and entitled Regulatory Capital Rules:
Regulatory Capital, Implementation of Basel III, Minimum Regulatory
Capital Ratios, Capital Adequacy, Transition Provisions, and Prompt
Corrective Action (77 FR 52792); Regulatory Capital Rules: Standardized
Approach for Risk-Weighted Assets; Market Discipline and Disclosure
Requirements (77 FR 52888); Regulatory Capital Rules: Advanced
Approaches Risk-Based Capital Rule; Market Risk Capital Rule (77 FR
52978).
DATES: Comments must be submitted on or before November 9, 2012.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
http://www.FDIC.gov/regulations/laws/federal/notices.html
Email: [email protected] Include the name of the
collection in the subject line of the message.
Mail: Leneta G. Gregorie (202-898-3719), Counsel, Room NY-
5050, Federal Deposit Insurance Corporation, 550 17th Street NW.,
Washington, DC 20429.
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street Building (located on F Street),
on business days between 7:00 a.m. and 5:00 p.m.
All comments should refer to the relevant OMB control number. A copy of
the comments may also be submitted to the OMB desk officer for the
FDIC:
[[Page 55474]]
Office of Information and Regulatory Affairs, Office of Management and
Budget, New Executive Office Building, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: Leneta Gregorie, at the FDIC address
above.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collections of
information:
Title: Basel II: Disclosures and Recordkeeping.
OMB Number: 3064-0153.
Frequency of Response: On occasion.
Affected Public: Insured state nonmember banks and state savings
institutions.
Estimated Number of Respondents: 8.
Estimated Average Time per Response: implementation--330 hours;
systems maintenance--27.9 hours; disclosures--5.79 hours; control,
oversight and verification--11.05 hours; documentation--19 hours; and
supervisory approvals--16.82 hours.
Total Annual Burden: 3,284 hours.
General Description of Collection: On December 7, 2007, the FDIC,
the Office of the Comptroller, and the Federal Reserve Board
(collectively, the ``Agencies'') issued the joint final rule titled
Risk-Based Capital Standards: Advanced Capital Adequacy Framework
(final rule) implementing a new risk-based regulatory capital framework
for institutions in the United States. The final rule requires certain
large or internationally active banks and bank holding companies (BHCs)
to (1) adopt a written implementation plan, (2) update that plan for
any mergers, (3) obtain prior written approvals for the use of certain
approaches for determining risk-weighted assets, and (4) make certain
public disclosures regarding their capital ratios, their components,
and information on implicit support provided to a securitization. There
are no required reporting forms associated with this information
collection.
The Agencies, on August 30, 2012, proposed three rules that would
amend this collection:
Regulatory Capital Rules: Regulatory Capital, Implementation of
Basel III, Minimum Regulatory Capital Ratios, Capital Adequacy,
Transition Provisions, and Prompt Corrective Action (77 FR 52792);
Regulatory Capital Rules: Standardized Approach for Risk-Weighted
Assets; Market Discipline and Disclosure Requirements (77 FR 52888);
and Regulatory Capital Rules: Advanced Approaches Risk-based Capital
Rules; Market Risk Capital Rule (77 FR 52978). An information
collection request to revise and rename the collection on the basis of
the three rules has been submitted to OMB for review. However, since
the FDIC's collection expires on January 31, 2013, the FDIC is
proceeding with the renewal process to ensure continuation of the
collection in the event that OMB does not act on the FDIC's request to
revise the collection prior to its expiration date.
Request for Comment
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collection,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the information
collection on respondents, including through the use of automated
collection techniques or other forms of information technology. All
comments will become a matter of public record.
Dated at Washington, DC, this 4th day of September, 2012.
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2012-22191 Filed 9-7-12; 8:45 am]
BILLING CODE 6714-01-P