32035Federal Register / Vol. 74, No. 127 / Monday, July 6, 2009 / Notices
DATES: Written comments should be
received on or before September 4, 2009
to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Dawn Bidne at
Internal Revenue Service, Room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
3933, or through the Internet at
Dawn.E.Bidne@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Excise Tax on Structured
Settlement Factoring Transactions.
OMB Number: 1545–1826.
Form Number: 8876.
Abstract: Form 8876 is used to report
structured settlement transactions and
pay the applicable excise tax.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other for-
profit organizations and individuals.
Estimated Number of Respondents:
100.
Estimated Time per Respondent: 5
hours, 36 minutes.
Estimated Total Annual Burden
Hours: 560.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record.
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information shall have
practical utility; (b) the accuracy of the
agency’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 of information 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 information.
Approved: June 22, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–15725 Filed 7–2–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
[Docket ID OCC–2009–0009]
FEDERAL RESERVE SYSTEM
[Docket No. OP–1362]
FEDERAL DEPOSIT INSURANCE
CORPORATION
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
[Docket ID OTS–2009–0011]
NATIONAL CREDIT UNION
ADMINISTRATION
Proposed Interagency Guidance—
Funding and Liquidity Risk
Management
AGENCIES: Office of the Comptroller of
the Currency, Treasury (OCC); Board of
Governors of the Federal Reserve
System (FRB); Federal Deposit
Insurance Corporation (FDIC); Office of
Thrift Supervision, Treasury (OTS); and
National Credit Union Administration
(NCUA).
ACTION: Notice with request for
comment.
SUMMARY: The OCC, FRB, FDIC, OTS,
and NCUA (the Agencies) in
conjunction with the Conference of
State Bank Supervisors (CSBS), request
comment on the proposed guidance on
funding and liquidity risk management
(proposed Guidance). The proposed
Guidance summarizes the principles of
sound liquidity risk management that
the agencies have issued in the past and,
where appropriate, brings them into
conformance with the ‘‘Principles for
Sound Liquidity Risk Management and
Supervision’’ issued by the Basel
Committee on Banking Supervision
(BCBS) in September 2008. While the
BCBS liquidity principles primarily
focuses on large internationally active
financial institutions, the proposed
guidance emphasizes supervisory
expectations for all domestic financial
institutions including banks, thrifts and
credit unions.
DATES: Comments must be submitted on
or before September 4, 2009.
ADDRESSES: Comments should be
directed to:
OCC: Because paper mail in the
Washington, DC area and at the
Agencies is subject to delay,
commenters are encouraged to submit
comments by e-mail, if possible. Please
use the title ‘‘Proposed Interagency
Guidance—Funding and Liquidity Risk
Management’’ to facilitate the
organization and distribution of the
comments. You may submit comments
by any of the following methods:
• E-mail:
regs.comments@occ.treas.gov.
• Mail: Office of the Comptroller of
the Currency, 250 E Street, SW., Mail
Stop 2–3, Washington, DC 20219.
• Fax: (202) 874–5274.
• Hand Delivery/Courier: 250 E
Street, SW., Mail Stop 2–3, Washington,
DC 20219.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘Docket
ID OCC–2009–0009’’ in your comment.
In general, OCC will enter all comments
received into the docket without
change, including any business or
personal information that you provide
such as name and address information,
e-mail addresses, or phone numbers.
Comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
enclose any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
You may review comments and other
related materials that pertain to this
notice by any of the following methods:
• Viewing Comments Personally: You
may personally inspect and photocopy
comments at the OCC, 250 E Street,
SW., Washington, DC. For security
reasons, the OCC requires that visitors
make an appointment to inspect
comments. You may do so by calling
(202) 874–4700. Upon arrival, visitors
will be required to present valid
government-issued photo identification
and submit to security screening in
order to inspect and photocopy
comments.
• Docket: You may also view or
request available background
documents and project summaries using
the methods described above.
FRB: You may submit comments,
identified by Docket No. OP–1362, by
any of the following methods:
VerDate Nov<24>2008 17:06 Jul 02, 2009 Jkt 217001 PO 00000 Frm 00127 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1
mstockstill on PROD1PC66 with NOTICES
DATES: Written comments should be
received on or before September 4, 2009
to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Dawn Bidne at
Internal Revenue Service, Room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
3933, or through the Internet at
Dawn.E.Bidne@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Excise Tax on Structured
Settlement Factoring Transactions.
OMB Number: 1545–1826.
Form Number: 8876.
Abstract: Form 8876 is used to report
structured settlement transactions and
pay the applicable excise tax.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other for-
profit organizations and individuals.
Estimated Number of Respondents:
100.
Estimated Time per Respondent: 5
hours, 36 minutes.
Estimated Total Annual Burden
Hours: 560.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record.
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information shall have
practical utility; (b) the accuracy of the
agency’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 of information 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 information.
Approved: June 22, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–15725 Filed 7–2–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
[Docket ID OCC–2009–0009]
FEDERAL RESERVE SYSTEM
[Docket No. OP–1362]
FEDERAL DEPOSIT INSURANCE
CORPORATION
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
[Docket ID OTS–2009–0011]
NATIONAL CREDIT UNION
ADMINISTRATION
Proposed Interagency Guidance—
Funding and Liquidity Risk
Management
AGENCIES: Office of the Comptroller of
the Currency, Treasury (OCC); Board of
Governors of the Federal Reserve
System (FRB); Federal Deposit
Insurance Corporation (FDIC); Office of
Thrift Supervision, Treasury (OTS); and
National Credit Union Administration
(NCUA).
ACTION: Notice with request for
comment.
SUMMARY: The OCC, FRB, FDIC, OTS,
and NCUA (the Agencies) in
conjunction with the Conference of
State Bank Supervisors (CSBS), request
comment on the proposed guidance on
funding and liquidity risk management
(proposed Guidance). The proposed
Guidance summarizes the principles of
sound liquidity risk management that
the agencies have issued in the past and,
where appropriate, brings them into
conformance with the ‘‘Principles for
Sound Liquidity Risk Management and
Supervision’’ issued by the Basel
Committee on Banking Supervision
(BCBS) in September 2008. While the
BCBS liquidity principles primarily
focuses on large internationally active
financial institutions, the proposed
guidance emphasizes supervisory
expectations for all domestic financial
institutions including banks, thrifts and
credit unions.
DATES: Comments must be submitted on
or before September 4, 2009.
ADDRESSES: Comments should be
directed to:
OCC: Because paper mail in the
Washington, DC area and at the
Agencies is subject to delay,
commenters are encouraged to submit
comments by e-mail, if possible. Please
use the title ‘‘Proposed Interagency
Guidance—Funding and Liquidity Risk
Management’’ to facilitate the
organization and distribution of the
comments. You may submit comments
by any of the following methods:
• E-mail:
regs.comments@occ.treas.gov.
• Mail: Office of the Comptroller of
the Currency, 250 E Street, SW., Mail
Stop 2–3, Washington, DC 20219.
• Fax: (202) 874–5274.
• Hand Delivery/Courier: 250 E
Street, SW., Mail Stop 2–3, Washington,
DC 20219.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘Docket
ID OCC–2009–0009’’ in your comment.
In general, OCC will enter all comments
received into the docket without
change, including any business or
personal information that you provide
such as name and address information,
e-mail addresses, or phone numbers.
Comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
enclose any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
You may review comments and other
related materials that pertain to this
notice by any of the following methods:
• Viewing Comments Personally: You
may personally inspect and photocopy
comments at the OCC, 250 E Street,
SW., Washington, DC. For security
reasons, the OCC requires that visitors
make an appointment to inspect
comments. You may do so by calling
(202) 874–4700. Upon arrival, visitors
will be required to present valid
government-issued photo identification
and submit to security screening in
order to inspect and photocopy
comments.
• Docket: You may also view or
request available background
documents and project summaries using
the methods described above.
FRB: You may submit comments,
identified by Docket No. OP–1362, by
any of the following methods:
VerDate Nov<24>2008 17:06 Jul 02, 2009 Jkt 217001 PO 00000 Frm 00127 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1
mstockstill on PROD1PC66 with NOTICES
32036 Federal Register / Vol. 74, No. 127 / Monday, July 6, 2009 / Notices
• 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 FRB’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 in electronic or
paper form in Room MP–500 of the
FRB’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 ‘‘Proposed Interagency
Guidance—Funding and Liquidity
Management Risk’’ 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 OTS–2009–0011, by any of
the following methods:
• E-mail address:
regs.comments@ots.treas.gov. Please
include ID OTS–2009–0011 in the
subject line of the message and include
your name and telephone number in the
message.
• Fax: (202) 906–6518.
• Mail: Regulation Comments, Chief
Counsel’s Office, Office of Thrift
Supervision, 1700 G Street, NW.,
Washington, DC 20552, Attention: ID
OTS–2009–0011.
• 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: Regulation
Comments, Chief Counsel’s Office,
Attention: ID OTS–2009–0011.
Instructions: All submissions received
must include the agency name and
docket number for this notice. All
comments received will be posted to the
OTS Internet Site at http://www.ots.
treas.gov/Supervision&Legal.Laws&
Regulations without change, including
any personal information provided.
Comments including attachments and
other supporting materials received are
part of the public record and subject to
public disclosure. Do not enclose any
information in your comments or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
• Viewing Comments On-Site: 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)
906–6518. (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.
NCUA: You may submit comments by
any of the following methods (Please
send comments by one method only):
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
NCUA Web Site: http://
www.ncua.gov/Resources/
RegulationsOpinionsLaws/
ProposedRegulations.aspx. Follow the
instructions for submitting comments.
• E-mail: Address to
regcomments@ncua.gov. Include ‘‘[Your
name] Comments on Proposed
Interagency Guidance—Funding and
Liquidity Risk Management,’’ in the
e-mail subject line.
• Fax: (703) 518–6319. Use the
subject line described above for e-mail.
• Mail: Address to Mary F. Rupp,
Secretary of the Board, National Credit
Union Administration, 1775 Duke
Street, Alexandria, Virginia 22314–
3428.
• Hand Delivery/Courier: Same as
mail address.
Public inspection: All public
comments are available on the agency’s
Web site at http://www.ncua.gov/
Resources/RegulationsOpinionsLaws/
ProposedRegulations.aspx as submitted,
except as may not be possible for
technical reasons. Public comments will
not be edited to remove any identifying
or contact information. Paper copies of
comments may be inspected in NCUA’s
law library, at 1775 Duke Street,
Alexandria, Virginia 22314, by
appointment weekdays between 9 a.m.
and 3 p.m. To make an appointment,
call (703) 518–6546 or send an e-mail to
OGC Mail @ncua.gov.
FOR FURTHER INFORMATION CONTACT:
OCC: Kerri Corn, Director for Market
Risk, Credit and Market Risk Division,
(202) 874–5670 or J. Ray Diggs, Group
Leader: Balance Sheet Management,
Credit and Market Risk Division, (202)
874–5670.
FRB: James Embersit, Deputy
Associate Director, Market and
Liquidity Risk, 202–452–5249 or Mary
Arnett, Supervisory Financial Analyst,
Market and Liquidity Risk, 202–721–
4534 or Brendan Burke, Supervisory
Financial Analyst, Supervisory Policy
and Guidance, 202–452–2987
FDIC: Kyle Hadley, Chief Capital
Markets Examination Support, (202)
898–6532.
OTS: Jeff Adams, Capital Markets
Specialist, Risk Modeling and Analysis,
(202) 906–6388 or Marvin Shaw, Senior
Attorney, Regulations and Legislation
Division, (202) 906–6639.
NCUA: John Bilodeau, Program
Officer, Examination and Insurance,
(703) 518–6618.
SUPPLEMENTARY INFORMATION:
I. Background
The recent turmoil in the financial
markets emphasizes the importance of
good liquidity risk management to the
safety and soundness of financial
institutions. Supervisors worked on an
international and national level through
various groups (e.g., Basel Committee on
Banking Supervision, Senior
Supervisors Group, Financial Stability
Forum) to assess the implications from
the current market conditions on an
institution’s assessment of liquidity risk
and the supervisor’s approach to
liquidity risk supervision. The industry
VerDate Nov<24>2008 17:06 Jul 02, 2009 Jkt 217001 PO 00000 Frm 00128 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1
mstockstill on PROD1PC66 with NOTICES
• 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 FRB’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 in electronic or
paper form in Room MP–500 of the
FRB’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 ‘‘Proposed Interagency
Guidance—Funding and Liquidity
Management Risk’’ 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 OTS–2009–0011, by any of
the following methods:
• E-mail address:
regs.comments@ots.treas.gov. Please
include ID OTS–2009–0011 in the
subject line of the message and include
your name and telephone number in the
message.
• Fax: (202) 906–6518.
• Mail: Regulation Comments, Chief
Counsel’s Office, Office of Thrift
Supervision, 1700 G Street, NW.,
Washington, DC 20552, Attention: ID
OTS–2009–0011.
• 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: Regulation
Comments, Chief Counsel’s Office,
Attention: ID OTS–2009–0011.
Instructions: All submissions received
must include the agency name and
docket number for this notice. All
comments received will be posted to the
OTS Internet Site at http://www.ots.
treas.gov/Supervision&Legal.Laws&
Regulations without change, including
any personal information provided.
Comments including attachments and
other supporting materials received are
part of the public record and subject to
public disclosure. Do not enclose any
information in your comments or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
• Viewing Comments On-Site: 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)
906–6518. (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.
NCUA: You may submit comments by
any of the following methods (Please
send comments by one method only):
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
NCUA Web Site: http://
www.ncua.gov/Resources/
RegulationsOpinionsLaws/
ProposedRegulations.aspx. Follow the
instructions for submitting comments.
• E-mail: Address to
regcomments@ncua.gov. Include ‘‘[Your
name] Comments on Proposed
Interagency Guidance—Funding and
Liquidity Risk Management,’’ in the
e-mail subject line.
• Fax: (703) 518–6319. Use the
subject line described above for e-mail.
• Mail: Address to Mary F. Rupp,
Secretary of the Board, National Credit
Union Administration, 1775 Duke
Street, Alexandria, Virginia 22314–
3428.
• Hand Delivery/Courier: Same as
mail address.
Public inspection: All public
comments are available on the agency’s
Web site at http://www.ncua.gov/
Resources/RegulationsOpinionsLaws/
ProposedRegulations.aspx as submitted,
except as may not be possible for
technical reasons. Public comments will
not be edited to remove any identifying
or contact information. Paper copies of
comments may be inspected in NCUA’s
law library, at 1775 Duke Street,
Alexandria, Virginia 22314, by
appointment weekdays between 9 a.m.
and 3 p.m. To make an appointment,
call (703) 518–6546 or send an e-mail to
OGC Mail @ncua.gov.
FOR FURTHER INFORMATION CONTACT:
OCC: Kerri Corn, Director for Market
Risk, Credit and Market Risk Division,
(202) 874–5670 or J. Ray Diggs, Group
Leader: Balance Sheet Management,
Credit and Market Risk Division, (202)
874–5670.
FRB: James Embersit, Deputy
Associate Director, Market and
Liquidity Risk, 202–452–5249 or Mary
Arnett, Supervisory Financial Analyst,
Market and Liquidity Risk, 202–721–
4534 or Brendan Burke, Supervisory
Financial Analyst, Supervisory Policy
and Guidance, 202–452–2987
FDIC: Kyle Hadley, Chief Capital
Markets Examination Support, (202)
898–6532.
OTS: Jeff Adams, Capital Markets
Specialist, Risk Modeling and Analysis,
(202) 906–6388 or Marvin Shaw, Senior
Attorney, Regulations and Legislation
Division, (202) 906–6639.
NCUA: John Bilodeau, Program
Officer, Examination and Insurance,
(703) 518–6618.
SUPPLEMENTARY INFORMATION:
I. Background
The recent turmoil in the financial
markets emphasizes the importance of
good liquidity risk management to the
safety and soundness of financial
institutions. Supervisors worked on an
international and national level through
various groups (e.g., Basel Committee on
Banking Supervision, Senior
Supervisors Group, Financial Stability
Forum) to assess the implications from
the current market conditions on an
institution’s assessment of liquidity risk
and the supervisor’s approach to
liquidity risk supervision. The industry
VerDate Nov<24>2008 17:06 Jul 02, 2009 Jkt 217001 PO 00000 Frm 00128 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1
mstockstill on PROD1PC66 with NOTICES