Wednesday,
February 28, 2007
Part II
Department of the
Treasury
Office of the Comptroller of the
Currency
Office of Thrift Supervision
Federal Reserve
System
Federal Deposit
Insurance
Corporation
Proposed Supervisory Guidance for
Internal Ratings-Based Systems for Credit
Risk, Advanced Measurement Approaches
for Operational Risk, and the Supervisory
Review Process (Pillar 2) Related to Basel
II Implementation; Notice
VerDate Aug<31>2005 16:25 Feb 27, 2007 Jkt 211001 PO 00000 Frm 00001 Fmt 4737 Sfmt 4737 E:\FR\FM\28FEN2.SGM 28FEN2
sroberts on PROD1PC70 with NOTICES
February 28, 2007
Part II
Department of the
Treasury
Office of the Comptroller of the
Currency
Office of Thrift Supervision
Federal Reserve
System
Federal Deposit
Insurance
Corporation
Proposed Supervisory Guidance for
Internal Ratings-Based Systems for Credit
Risk, Advanced Measurement Approaches
for Operational Risk, and the Supervisory
Review Process (Pillar 2) Related to Basel
II Implementation; Notice
VerDate Aug<31>2005 16:25 Feb 27, 2007 Jkt 211001 PO 00000 Frm 00001 Fmt 4737 Sfmt 4737 E:\FR\FM\28FEN2.SGM 28FEN2
sroberts on PROD1PC70 with NOTICES
9084 Federal Register / Vol. 72, No. 39 / Wednesday, February 28, 2007 / Notices
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
[Docket No. OCC–2007–0004]
FEDERAL RESERVE SYSTEM
[Docket No. OP–1277]
FEDERAL DEPOSIT INSURANCE
CORPORATION
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
[No. 2007–06]
Proposed Supervisory Guidance for
Internal Ratings-Based Systems for
Credit Risk, Advanced Measurement
Approaches for Operational Risk, and
the Supervisory Review Process (Pillar
2) Related to Basel II Implementation
AGENCIES: Office of the Comptroller of
the Currency, Treasury (OCC); Board of
Governors of the Federal Reserve
System (Board); Federal Deposit
Insurance Corporation (FDIC); and
Office of Thrift Supervision, Treasury
(OTS) (collectively, the Agencies).
ACTION: Proposed supervisory guidance
with request for public comment.
SUMMARY: The Agencies are publishing
for comment three documents that set
forth proposed supervisory guidance for
implementing proposed revisions to the
risk-based capital standards in the
United States (New Advanced Capital
Adequacy Framework or proposed
framework). These proposed revisions,
which would implement the
‘‘International Convergence of Capital
Measurement and Capital Standards: A
Revised Framework,’’ published in June
2004 by the Basel Committee on
Banking Supervision (Basel II), in the
United States, were published in the
Federal Register on September 25, 2006
as a notice of proposed rulemaking
(NPR or proposed rule). The proposed
framework outlined in the NPR would
require some and permit other
qualifying banks to calculate their
regulatory risk-based capital
requirements using an internal ratings-
based (IRB) approach for credit risk and
the advanced measurement approaches
(AMA) for operational risk (together, the
advanced approaches); it also provides
guidelines for the supervisory review
process (Pillar 2). The proposed
supervisory guidance documents
provide additional detail for the
advanced approaches and the
supervisory review process that should
help banks satisfy the qualification
requirements in the NPR.
DATES: Comments on the three proposed
supervisory guidance documents must
be submitted on or before May 29, 2007.
ADDRESSES:
OCC: You must include OCC and
Docket Number OCC–2007–0004 in
your comment. You may submit
comments by any of the following
methods:
• Agency Web site: http://
www.occ.treas.gov. Click on ‘‘Contact
the OCC,’’ scroll down and click on
‘‘Comments on Proposed Regulations.’’
• E-mail address:
regs.comments@occ.treas.gov.
• Fax: (202) 874–4448.
• Mail: Office of the Comptroller of
the Currency, 250 E Street, SW., Mail
Stop 1–5, Washington, DC 20219.
• Hand Delivery/Courier: 250 E
Street, SW., Attn: Public Information
Room, Maila Stop 1–5, Washington, DC
20219.
Instructions: All submissions received
must include the agency name (OCC)
and docket number for this proposed
notice. In general, OCC will enter all
comments received into the docket
without change, including any business
or personal information that you
provide.
You may review comments and other
related materials by any of the following
methods:
• Viewing Comments Personally: You
may personally inspect and photocopy
comments at the OCC’s Public
Information Room, 250 E Street, SW.,
Washington, DC. You can make an
appointment to inspect comments by
calling (202) 874–5043.
• Viewing Comments Electronically:
You may request e-mail or CD–ROM
copies of comments that the OCC has
received by contacting the OCC’s Public
Information Room at:
regs.comments@occ.treas.gov.
• Docket: You may also request
available background documents and
project summaries using the methods
described above.
Board: You may submit comments,
identified by Docket No. OP–1277, by
any of the following methods:
• Agency Web site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at
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 the docket
number 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
also may be viewed electronically or in
paper form 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 by
any of the following methods:
• Agency Web Site: http://
www.fdic.gov/regulations/laws/federal.
Follow instructions for submitting
comments on the Agency Web Site.
• E-mail: Comments@FDIC.gov.
Include ‘‘Basel II Supervisory
Guidance’’ in the subject line of the
message.
• Mail: Robert E. Feldman, Executive
Secretary, Attention: Comments, Federal
Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
• Hand Delivery/Courier: 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.
(EST).
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
Public Inspection: All comments
received will be posted without change
to http://www.fdic.gov/regulations/laws/
federal including any personal
information provided. Comments may
be inspected and photocopied in the
FDIC Public Information Center, 3501
North Fairfax Drive, Room E–1002,
Arlington, VA 22226, between 9 a.m.
and 5 p.m. (EST) on business days.
Paper copies of public comments may
be ordered from the Public Information
Center by telephone at (877) 275–3342
or (703) 562–2200.
OTS: You may submit comments,
identified by No. 2007–06 by any of the
following methods:
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• E-mail: regs.comments@
ots.treas.gov. Please include No. 2007–
06 in the subject line of the message,
and include your name and telephone
number in the message.
• Fax: (202) 906–6518.
VerDate Aug<31>2005 16:25 Feb 27, 2007 Jkt 211001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4703 E:\FR\FM\28FEN2.SGM 28FEN2
sroberts on PROD1PC70 with NOTICES
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
[Docket No. OCC–2007–0004]
FEDERAL RESERVE SYSTEM
[Docket No. OP–1277]
FEDERAL DEPOSIT INSURANCE
CORPORATION
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
[No. 2007–06]
Proposed Supervisory Guidance for
Internal Ratings-Based Systems for
Credit Risk, Advanced Measurement
Approaches for Operational Risk, and
the Supervisory Review Process (Pillar
2) Related to Basel II Implementation
AGENCIES: Office of the Comptroller of
the Currency, Treasury (OCC); Board of
Governors of the Federal Reserve
System (Board); Federal Deposit
Insurance Corporation (FDIC); and
Office of Thrift Supervision, Treasury
(OTS) (collectively, the Agencies).
ACTION: Proposed supervisory guidance
with request for public comment.
SUMMARY: The Agencies are publishing
for comment three documents that set
forth proposed supervisory guidance for
implementing proposed revisions to the
risk-based capital standards in the
United States (New Advanced Capital
Adequacy Framework or proposed
framework). These proposed revisions,
which would implement the
‘‘International Convergence of Capital
Measurement and Capital Standards: A
Revised Framework,’’ published in June
2004 by the Basel Committee on
Banking Supervision (Basel II), in the
United States, were published in the
Federal Register on September 25, 2006
as a notice of proposed rulemaking
(NPR or proposed rule). The proposed
framework outlined in the NPR would
require some and permit other
qualifying banks to calculate their
regulatory risk-based capital
requirements using an internal ratings-
based (IRB) approach for credit risk and
the advanced measurement approaches
(AMA) for operational risk (together, the
advanced approaches); it also provides
guidelines for the supervisory review
process (Pillar 2). The proposed
supervisory guidance documents
provide additional detail for the
advanced approaches and the
supervisory review process that should
help banks satisfy the qualification
requirements in the NPR.
DATES: Comments on the three proposed
supervisory guidance documents must
be submitted on or before May 29, 2007.
ADDRESSES:
OCC: You must include OCC and
Docket Number OCC–2007–0004 in
your comment. You may submit
comments by any of the following
methods:
• Agency Web site: http://
www.occ.treas.gov. Click on ‘‘Contact
the OCC,’’ scroll down and click on
‘‘Comments on Proposed Regulations.’’
• E-mail address:
regs.comments@occ.treas.gov.
• Fax: (202) 874–4448.
• Mail: Office of the Comptroller of
the Currency, 250 E Street, SW., Mail
Stop 1–5, Washington, DC 20219.
• Hand Delivery/Courier: 250 E
Street, SW., Attn: Public Information
Room, Maila Stop 1–5, Washington, DC
20219.
Instructions: All submissions received
must include the agency name (OCC)
and docket number for this proposed
notice. In general, OCC will enter all
comments received into the docket
without change, including any business
or personal information that you
provide.
You may review comments and other
related materials by any of the following
methods:
• Viewing Comments Personally: You
may personally inspect and photocopy
comments at the OCC’s Public
Information Room, 250 E Street, SW.,
Washington, DC. You can make an
appointment to inspect comments by
calling (202) 874–5043.
• Viewing Comments Electronically:
You may request e-mail or CD–ROM
copies of comments that the OCC has
received by contacting the OCC’s Public
Information Room at:
regs.comments@occ.treas.gov.
• Docket: You may also request
available background documents and
project summaries using the methods
described above.
Board: You may submit comments,
identified by Docket No. OP–1277, by
any of the following methods:
• Agency Web site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at
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 the docket
number 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
also may be viewed electronically or in
paper form 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 by
any of the following methods:
• Agency Web Site: http://
www.fdic.gov/regulations/laws/federal.
Follow instructions for submitting
comments on the Agency Web Site.
• E-mail: Comments@FDIC.gov.
Include ‘‘Basel II Supervisory
Guidance’’ in the subject line of the
message.
• Mail: Robert E. Feldman, Executive
Secretary, Attention: Comments, Federal
Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
• Hand Delivery/Courier: 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.
(EST).
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
Public Inspection: All comments
received will be posted without change
to http://www.fdic.gov/regulations/laws/
federal including any personal
information provided. Comments may
be inspected and photocopied in the
FDIC Public Information Center, 3501
North Fairfax Drive, Room E–1002,
Arlington, VA 22226, between 9 a.m.
and 5 p.m. (EST) on business days.
Paper copies of public comments may
be ordered from the Public Information
Center by telephone at (877) 275–3342
or (703) 562–2200.
OTS: You may submit comments,
identified by No. 2007–06 by any of the
following methods:
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• E-mail: regs.comments@
ots.treas.gov. Please include No. 2007–
06 in the subject line of the message,
and include your name and telephone
number in the message.
• Fax: (202) 906–6518.
VerDate Aug<31>2005 16:25 Feb 27, 2007 Jkt 211001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4703 E:\FR\FM\28FEN2.SGM 28FEN2
sroberts on PROD1PC70 with NOTICES