55981Federal Register / Vol. 71, No. 185 / Monday, September 25, 2006 / Notices
1 For simplicity, and unless otherwise indicated,
this notice uses the term ‘‘bank’’ to include banks,
savings associations, and bank holding companies
(BHCs). The terms ‘‘bank holding company’’ and
‘‘BHC’’ refer only to bank holding companies
regulated by the Board and do not include savings
and loan holding companies regulated by the OTS.
For a detailed description of the institutions
covered by this notice, refer to Part I, Section 1, of
the proposed regulatory text in the notice of
proposed rulemaking entitled Risk-Based Capital
Standards: Advanced Capital Adequacy
Framework.
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
Proposed Agency Information
Collection Activities; Comment
Request
AGENCIES: Office of the Comptroller of
the Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); Federal Deposit
Insurance Corporation (FDIC); and
Office of Thrift Supervision (OTS),
Treasury.
ACTION: Joint notice and request for
comment.
SUMMARY: In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (44 U.S.C.
chapter 35), the OCC, the Board, the
FDIC, and the OTS (collectively, 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 proposed new regulatory
reporting requirements for banks 1 that
qualify for and adopt the Advanced
Capital Adequacy Framework to
calculate their risk-based capital
requirement or are in the parallel run
stage of qualifying to adopt this
framework. The proposal describes the
scope of reporting and the proposed
reporting requirements. At the end of
the comment period, the comments and
recommendations received will be
analyzed to determine the extent to
which the FFIEC should modify the
proposed reporting requirements prior
to giving its final approval. The agencies
will then submit the proposed reporting
requirements to OMB for review and
approval and, upon approval, OMB will
assign control numbers.
DATES: Comments must be received on
or before January 23, 2007.
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments
will be shared among the agencies.
OCC: You may submit comments,
identified by ‘‘OMB Control No. 1557–
NEW,’’ by any of the following methods:
• E-mail:
regs.comments@occ.treas.gov. Include
‘‘OMB Control No. 1557–NEW’’ in the
subject line of the message.
• Fax: (202) 874–4448.
• Mail: Public Information Room,
Office of the Comptroller of the
Currency, 250 E Street, SW., Mailstop
1–5, Washington, DC 20219; Attention:
OMB Control No. 1557–NEW.
Public Inspection: You may inspect
and photocopy comments at the Public
Information Room. You can make an
appointment to inspect the comments
by calling (202) 874–5043.
Board: You may submit comments,
which should refer to ‘‘Advanced
Capital Adequacy Framework
Regulatory Reporting Requirements,’’ by
any of the following methods:
• Agency Web Site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments
on the http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• E-mail:
regs.comments@federalreserve.gov.
Include ‘‘Advanced Capital Adequacy
Framework Regulatory Reporting
Requirements’’ in the subject line of the
message.
• FAX: 202–452–3819 or 202–452–
3102.
• Mail: Jennifer J. Johnson, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue, NW., Washington,
DC 20551.
All public comments are available
from the Board’s Web site at http://
www.federalreserve.gov/generalinfo/
foia/ProposedRegs.cfm as submitted,
unless modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
contact information. Public comments
may also be viewed electronically or in
paper in Room MP–500 of the Board’s
Martin Building (20th and C Streets,
NW.) between 9 a.m. and 5 p.m. on
weekdays.
FDIC: You may submit comments,
which should refer to ‘‘Advanced
Capital Adequacy Framework
Regulatory Reporting Requirements,’’ by
any of the following methods:
• http://www.FDIC.gov/regulations/
laws/federal/notices.html.
• E-mail: comments@FDIC.gov.
Include ‘‘Advanced Capital Adequacy
Framework Regulatory Reporting
Requirements’’ in the subject line of the
message.
• Mail: Steven F. Hanft, Clearance
Officer (202–898–3907), Legal Division,
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 a.m. and 5 p.m.
Public Inspection: All comments
received will be posted without change
to http://www.fdic.gov/regulations/laws/
federal/propose.html including any
personal information provided.
Comments may be inspected at the FDIC
Public Information Center, Room E–
1002, 3502 North Fairfax Drive,
Arlington, VA 22226, between 9 a.m.
and 5 p.m. on business days.
OTS: You may submit comments,
identified by ‘‘Advanced Capital
Adequacy Framework Regulatory
Reporting Requirements (1550–NEW),’’
by any of the following methods:
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• E-mail address:
infocollection.comments@ots.treas.gov.
Please include ‘‘Advanced Capital
Adequacy Framework Regulatory
Reporting Requirements (1550–NEW)’’
in the subject line of the message and
include your name and telephone
number in the message.
• Fax: (202) 906–6518.
• Mail: Information Collection
Comments, Chief Counsel’s Office,
Office of Thrift Supervision, 1700 G
Street, NW., Washington, DC 20552,
Attention: ‘‘Advanced Capital Adequacy
Framework Regulatory Reporting
Requirements (1550–NEW).’’
• Hand Delivery/Courier: Guard’s
Desk, East Lobby Entrance, 1700 G
Street, NW., from 9 a.m. to 4 p.m. on
business days, Attention: Information
Collection Comments, Chief Counsel’s
Office, Attention: ‘‘Advanced Capital
Adequacy Framework Regulatory
Reporting Requirements (1550–NEW).’’
Instructions: All submissions received
must include the agency name and
‘‘Advanced Capital Adequacy
Framework Regulatory Reporting
Requirements (1550–NEW).’’ All
VerDate Aug<31>2005 00:48 Sep 23, 2006 Jkt 208001 PO 00000 Frm 00001 Fmt 4701 Sfmt 4703 E:\FR\FM\25SEN2.SGM 25SEN2
sroberts on PROD1PC70 with NOTICES
1 For simplicity, and unless otherwise indicated,
this notice uses the term ‘‘bank’’ to include banks,
savings associations, and bank holding companies
(BHCs). The terms ‘‘bank holding company’’ and
‘‘BHC’’ refer only to bank holding companies
regulated by the Board and do not include savings
and loan holding companies regulated by the OTS.
For a detailed description of the institutions
covered by this notice, refer to Part I, Section 1, of
the proposed regulatory text in the notice of
proposed rulemaking entitled Risk-Based Capital
Standards: Advanced Capital Adequacy
Framework.
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
Proposed Agency Information
Collection Activities; Comment
Request
AGENCIES: Office of the Comptroller of
the Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); Federal Deposit
Insurance Corporation (FDIC); and
Office of Thrift Supervision (OTS),
Treasury.
ACTION: Joint notice and request for
comment.
SUMMARY: In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (44 U.S.C.
chapter 35), the OCC, the Board, the
FDIC, and the OTS (collectively, 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 proposed new regulatory
reporting requirements for banks 1 that
qualify for and adopt the Advanced
Capital Adequacy Framework to
calculate their risk-based capital
requirement or are in the parallel run
stage of qualifying to adopt this
framework. The proposal describes the
scope of reporting and the proposed
reporting requirements. At the end of
the comment period, the comments and
recommendations received will be
analyzed to determine the extent to
which the FFIEC should modify the
proposed reporting requirements prior
to giving its final approval. The agencies
will then submit the proposed reporting
requirements to OMB for review and
approval and, upon approval, OMB will
assign control numbers.
DATES: Comments must be received on
or before January 23, 2007.
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments
will be shared among the agencies.
OCC: You may submit comments,
identified by ‘‘OMB Control No. 1557–
NEW,’’ by any of the following methods:
• E-mail:
regs.comments@occ.treas.gov. Include
‘‘OMB Control No. 1557–NEW’’ in the
subject line of the message.
• Fax: (202) 874–4448.
• Mail: Public Information Room,
Office of the Comptroller of the
Currency, 250 E Street, SW., Mailstop
1–5, Washington, DC 20219; Attention:
OMB Control No. 1557–NEW.
Public Inspection: You may inspect
and photocopy comments at the Public
Information Room. You can make an
appointment to inspect the comments
by calling (202) 874–5043.
Board: You may submit comments,
which should refer to ‘‘Advanced
Capital Adequacy Framework
Regulatory Reporting Requirements,’’ by
any of the following methods:
• Agency Web Site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments
on the http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• E-mail:
regs.comments@federalreserve.gov.
Include ‘‘Advanced Capital Adequacy
Framework Regulatory Reporting
Requirements’’ in the subject line of the
message.
• FAX: 202–452–3819 or 202–452–
3102.
• Mail: Jennifer J. Johnson, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue, NW., Washington,
DC 20551.
All public comments are available
from the Board’s Web site at http://
www.federalreserve.gov/generalinfo/
foia/ProposedRegs.cfm as submitted,
unless modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
contact information. Public comments
may also be viewed electronically or in
paper in Room MP–500 of the Board’s
Martin Building (20th and C Streets,
NW.) between 9 a.m. and 5 p.m. on
weekdays.
FDIC: You may submit comments,
which should refer to ‘‘Advanced
Capital Adequacy Framework
Regulatory Reporting Requirements,’’ by
any of the following methods:
• http://www.FDIC.gov/regulations/
laws/federal/notices.html.
• E-mail: comments@FDIC.gov.
Include ‘‘Advanced Capital Adequacy
Framework Regulatory Reporting
Requirements’’ in the subject line of the
message.
• Mail: Steven F. Hanft, Clearance
Officer (202–898–3907), Legal Division,
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 a.m. and 5 p.m.
Public Inspection: All comments
received will be posted without change
to http://www.fdic.gov/regulations/laws/
federal/propose.html including any
personal information provided.
Comments may be inspected at the FDIC
Public Information Center, Room E–
1002, 3502 North Fairfax Drive,
Arlington, VA 22226, between 9 a.m.
and 5 p.m. on business days.
OTS: You may submit comments,
identified by ‘‘Advanced Capital
Adequacy Framework Regulatory
Reporting Requirements (1550–NEW),’’
by any of the following methods:
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• E-mail address:
infocollection.comments@ots.treas.gov.
Please include ‘‘Advanced Capital
Adequacy Framework Regulatory
Reporting Requirements (1550–NEW)’’
in the subject line of the message and
include your name and telephone
number in the message.
• Fax: (202) 906–6518.
• Mail: Information Collection
Comments, Chief Counsel’s Office,
Office of Thrift Supervision, 1700 G
Street, NW., Washington, DC 20552,
Attention: ‘‘Advanced Capital Adequacy
Framework Regulatory Reporting
Requirements (1550–NEW).’’
• Hand Delivery/Courier: Guard’s
Desk, East Lobby Entrance, 1700 G
Street, NW., from 9 a.m. to 4 p.m. on
business days, Attention: Information
Collection Comments, Chief Counsel’s
Office, Attention: ‘‘Advanced Capital
Adequacy Framework Regulatory
Reporting Requirements (1550–NEW).’’
Instructions: All submissions received
must include the agency name and
‘‘Advanced Capital Adequacy
Framework Regulatory Reporting
Requirements (1550–NEW).’’ All
VerDate Aug<31>2005 00:48 Sep 23, 2006 Jkt 208001 PO 00000 Frm 00001 Fmt 4701 Sfmt 4703 E:\FR\FM\25SEN2.SGM 25SEN2
sroberts on PROD1PC70 with NOTICES
55982 Federal Register / Vol. 71, No. 185 / Monday, September 25, 2006 / Notices
2 For the OCC: http://www.occ.treas.gov; for the
FDIC: http://www.fdic.gov; for the OTS: http://
www.ots.treas.gov; for the Board: http://
www.federalreserve.gov/boarddocs/reportforms/
review.cfm; and for the FFIEC: http://www.ffiec.gov/
ffiec_report_forms.htm.
3 Terms used in this text and in the proposed
regulatory reporting schedules and instructions are
used as defined in the NPR.
comments received will be posted
without change to the OTS Internet Site
at http://www.ots.treas.gov/
pagehtml.cfm?catNumber=67&an=1,
including any personal information
provided.
Docket: For access to the docket to
read background documents or
comments received, go to http://
www.ots.treas.gov/
pagehtml.cfm?catNumber=67&an=1. In
addition, you may inspect comments at
the Public Reading Room, 1700 G Street,
NW., by appointment. To make an
appointment for access, call (202) 906–
5922, send an e-mail to
public.info@ots.treas.gov, or send a
facsimile transmission to (202) 906–
7755. (Prior notice identifying the
materials you will be requesting will
assist us in serving you.) We schedule
appointments on business days between
10 a.m. and 4 p.m. In most cases,
appointments will be available the next
business day following the date we
receive a request.
A copy of the comments may also be
submitted to the OMB desk officer 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, or by fax to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: For
further information about the proposed
regulatory reporting requirements
discussed in this notice, please contact
any of the agency clearance officers
whose names appear below. In addition,
copies of reporting schedules and
instructions can be obtained at each
agency’s Web site as well as the FFIEC’s
Web site.2
OCC: Please direct substantive
questions to Lorey Hoffman, Large Bank
Director, Large Bank Supervision, (202)
874–4595, and requests for copies of the
collection to Mary Gottlieb, OCC
Clearance Officer, or Camille Dickerson,
(202–874–5090), Legislative and
Regulatory Activities Division, Office of
the Comptroller of the Currency, 250 E
Street, SW., Washington, DC 20219.
Board: Michelle Long, Federal
Reserve Board Clearance Officer,
Division of Research and Statistics,
Board of Governors of the Federal
Reserve System, Washington, DC 20551
(202–452–3829).
FDIC: Steven F. Hanft, Clearance
Officer, at shanft@fdic.gov, (202–898–
3907), Legal Division, Federal Deposit
Insurance Corporation, 550 17th Street,
NW., Washington, DC 20429.
OTS: Marilyn K. Burton, OTS
Clearance Officer, at
marilyn.burton@ots.treas.gov, (202)
906–6467, or facsimile number (202)
906–6518, Litigation Division, Chief
Counsel’s Office, Office of Thrift
Supervision, 1700 G Street, NW.,
Washington, DC 20552.
SUPPLEMENTARY INFORMATION: The
agencies are proposing to implement the
following new information collections.
Report Title: Advanced Capital
Adequacy Framework Regulatory
Reporting Requirements.
Form Numbers: FFIEC 101.
Frequency of Response: Quarterly.
Affected Public: Business or other for-
profit.
OCC
OMB Number: 1557–NEW.
Estimated Number of Respondents: 52
national banks.
Estimated Time per Response: 280
hours.
Estimated Total Annual Burden:
58,240 hours.
Board
OMB Number: 7100–NEW.
Estimated Number of Respondents: 6
state member banks.
Estimated Time per Response: 280
hours.
Estimated Total Annual Burden:
6,720 hours.
OMB Number: 7100–NEW.
Estimated Number of Respondents: 15
BHCs.
Estimated Time per Response: 280
hours.
Estimated Total Annual Burden:
16,800 hours.
FDIC
OMB Number: 3064–NEW.
Estimated Number of Respondents: 19
state nonmember banks.
Estimated Time per Response: 280
hours.
Estimated Total Annual Burden:
21,280 hours.
OTS
OMB Number: 1550–NEW.
Estimated Number of Respondents: 5
savings associations.
Estimated Time per Response: 280
hours.
Estimated Total Annual Burden:
5,600 hours.
General Description of Reports
These information collections would
be mandatory for banks using the
Advanced Capital Adequacy
Framework: 12 U.S.C. 161 (for national
banks), 12 U.S.C. 324 and 12 U.S.C.
1844(c) (for state member banks and
BHCs, respectively), 12 U.S.C. 1817 (for
insured state nonmember commercial
and savings banks), and 12 U.S.C. 1464
(for savings associations). These
information collections would be given
confidential treatment (5 U.S.C.
552(b)(4)) except for selected data items
to be released for data collected from a
reporting entity during periods
subsequent to its parallel run period
(Schedules A and B, and data items 1–
7 of Schedule V).
Abstract
Each bank that qualifies for and
applies the advanced internal ratings-
based approach for credit risk and the
advanced measurement approach for
operational risk would file quarterly
regulatory data for the agencies’ use in
assessing and monitoring the levels and
components of each reporting entity’s
risk-based capital requirements and the
adequacy of the entity’s capital under
the Advanced Capital Adequacy
Framework. These data also would
support the agencies’ efforts to evaluate
the quantitative impact and competitive
implications of the Advanced Capital
Adequacy Framework on individual
reporting entities and on an industry-
wide basis. The reporting schedules
would also assist banks in
understanding expectations surrounding
the system development necessary for
implementation and validation of the
Advanced Capital Adequacy
Framework. The submitted data that is
released publicly would also provide
other interested parties with
information about banks’ risk-based
capital. In addition, the submitted data
would supplement on-site examination
processes.
Current Actions; Risk-Based Capital
Standards: Advanced Capital Adequacy
Framework: Regulatory Reporting
Requirements
I. Background
The agencies have today published a
joint notice of proposed rulemaking
entitled Risk-Based Capital Standards:
Advanced Capital Adequacy Framework
(the NPR).3 The NPR describes a new
regulatory capital framework for U.S.
banks that qualify for and adopt the
advanced internal ratings-based (AIRB)
approach for credit risk and the
advanced measurement approach
(AMA) for operational risk (together, the
advanced approaches). Included within
the NPR are requirements for public
VerDate Aug<31>2005 00:48 Sep 23, 2006 Jkt 208001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4703 E:\FR\FM\25SEN2.SGM 25SEN2
sroberts on PROD1PC70 with NOTICES
2 For the OCC: http://www.occ.treas.gov; for the
FDIC: http://www.fdic.gov; for the OTS: http://
www.ots.treas.gov; for the Board: http://
www.federalreserve.gov/boarddocs/reportforms/
review.cfm; and for the FFIEC: http://www.ffiec.gov/
ffiec_report_forms.htm.
3 Terms used in this text and in the proposed
regulatory reporting schedules and instructions are
used as defined in the NPR.
comments received will be posted
without change to the OTS Internet Site
at http://www.ots.treas.gov/
pagehtml.cfm?catNumber=67&an=1,
including any personal information
provided.
Docket: For access to the docket to
read background documents or
comments received, go to http://
www.ots.treas.gov/
pagehtml.cfm?catNumber=67&an=1. In
addition, you may inspect comments at
the Public Reading Room, 1700 G Street,
NW., by appointment. To make an
appointment for access, call (202) 906–
5922, send an e-mail to
public.info@ots.treas.gov, or send a
facsimile transmission to (202) 906–
7755. (Prior notice identifying the
materials you will be requesting will
assist us in serving you.) We schedule
appointments on business days between
10 a.m. and 4 p.m. In most cases,
appointments will be available the next
business day following the date we
receive a request.
A copy of the comments may also be
submitted to the OMB desk officer 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, or by fax to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: For
further information about the proposed
regulatory reporting requirements
discussed in this notice, please contact
any of the agency clearance officers
whose names appear below. In addition,
copies of reporting schedules and
instructions can be obtained at each
agency’s Web site as well as the FFIEC’s
Web site.2
OCC: Please direct substantive
questions to Lorey Hoffman, Large Bank
Director, Large Bank Supervision, (202)
874–4595, and requests for copies of the
collection to Mary Gottlieb, OCC
Clearance Officer, or Camille Dickerson,
(202–874–5090), Legislative and
Regulatory Activities Division, Office of
the Comptroller of the Currency, 250 E
Street, SW., Washington, DC 20219.
Board: Michelle Long, Federal
Reserve Board Clearance Officer,
Division of Research and Statistics,
Board of Governors of the Federal
Reserve System, Washington, DC 20551
(202–452–3829).
FDIC: Steven F. Hanft, Clearance
Officer, at shanft@fdic.gov, (202–898–
3907), Legal Division, Federal Deposit
Insurance Corporation, 550 17th Street,
NW., Washington, DC 20429.
OTS: Marilyn K. Burton, OTS
Clearance Officer, at
marilyn.burton@ots.treas.gov, (202)
906–6467, or facsimile number (202)
906–6518, Litigation Division, Chief
Counsel’s Office, Office of Thrift
Supervision, 1700 G Street, NW.,
Washington, DC 20552.
SUPPLEMENTARY INFORMATION: The
agencies are proposing to implement the
following new information collections.
Report Title: Advanced Capital
Adequacy Framework Regulatory
Reporting Requirements.
Form Numbers: FFIEC 101.
Frequency of Response: Quarterly.
Affected Public: Business or other for-
profit.
OCC
OMB Number: 1557–NEW.
Estimated Number of Respondents: 52
national banks.
Estimated Time per Response: 280
hours.
Estimated Total Annual Burden:
58,240 hours.
Board
OMB Number: 7100–NEW.
Estimated Number of Respondents: 6
state member banks.
Estimated Time per Response: 280
hours.
Estimated Total Annual Burden:
6,720 hours.
OMB Number: 7100–NEW.
Estimated Number of Respondents: 15
BHCs.
Estimated Time per Response: 280
hours.
Estimated Total Annual Burden:
16,800 hours.
FDIC
OMB Number: 3064–NEW.
Estimated Number of Respondents: 19
state nonmember banks.
Estimated Time per Response: 280
hours.
Estimated Total Annual Burden:
21,280 hours.
OTS
OMB Number: 1550–NEW.
Estimated Number of Respondents: 5
savings associations.
Estimated Time per Response: 280
hours.
Estimated Total Annual Burden:
5,600 hours.
General Description of Reports
These information collections would
be mandatory for banks using the
Advanced Capital Adequacy
Framework: 12 U.S.C. 161 (for national
banks), 12 U.S.C. 324 and 12 U.S.C.
1844(c) (for state member banks and
BHCs, respectively), 12 U.S.C. 1817 (for
insured state nonmember commercial
and savings banks), and 12 U.S.C. 1464
(for savings associations). These
information collections would be given
confidential treatment (5 U.S.C.
552(b)(4)) except for selected data items
to be released for data collected from a
reporting entity during periods
subsequent to its parallel run period
(Schedules A and B, and data items 1–
7 of Schedule V).
Abstract
Each bank that qualifies for and
applies the advanced internal ratings-
based approach for credit risk and the
advanced measurement approach for
operational risk would file quarterly
regulatory data for the agencies’ use in
assessing and monitoring the levels and
components of each reporting entity’s
risk-based capital requirements and the
adequacy of the entity’s capital under
the Advanced Capital Adequacy
Framework. These data also would
support the agencies’ efforts to evaluate
the quantitative impact and competitive
implications of the Advanced Capital
Adequacy Framework on individual
reporting entities and on an industry-
wide basis. The reporting schedules
would also assist banks in
understanding expectations surrounding
the system development necessary for
implementation and validation of the
Advanced Capital Adequacy
Framework. The submitted data that is
released publicly would also provide
other interested parties with
information about banks’ risk-based
capital. In addition, the submitted data
would supplement on-site examination
processes.
Current Actions; Risk-Based Capital
Standards: Advanced Capital Adequacy
Framework: Regulatory Reporting
Requirements
I. Background
The agencies have today published a
joint notice of proposed rulemaking
entitled Risk-Based Capital Standards:
Advanced Capital Adequacy Framework
(the NPR).3 The NPR describes a new
regulatory capital framework for U.S.
banks that qualify for and adopt the
advanced internal ratings-based (AIRB)
approach for credit risk and the
advanced measurement approach
(AMA) for operational risk (together, the
advanced approaches). Included within
the NPR are requirements for public
VerDate Aug<31>2005 00:48 Sep 23, 2006 Jkt 208001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4703 E:\FR\FM\25SEN2.SGM 25SEN2
sroberts on PROD1PC70 with NOTICES