Vol. 76 Tuesday
No. 7 January 11, 2011
Part IV
Department of the Treasury
Office of the Comptoller of the Currency
12 CFR Part 3
Federal Reserve System
12 CFR Parts 208 and 225
Federal Deposit Insurance Corporation
12 CFR Part 325
Risk-Based Capital Guidelines: Market Risk; Proposed Rule
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No. 7 January 11, 2011
Part IV
Department of the Treasury
Office of the Comptoller of the Currency
12 CFR Part 3
Federal Reserve System
12 CFR Parts 208 and 225
Federal Deposit Insurance Corporation
12 CFR Part 325
Risk-Based Capital Guidelines: Market Risk; Proposed Rule
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NARA.EPS FR.EPS
kgrant on DSKGBLS3C1PROD with BILLS
1890 Federal Register / Vol. 76, No. 7 / Tuesday, January 11, 2011 / Proposed Rules
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Part 3
[Docket ID: OCC–2010–0003]
RIN 1557–AC99
FEDERAL RESERVE SYSTEM
12 CFR Parts 208 and 225
[Regulations H and Y; Docket No. R–1401]
RIN No. 7100–AD61
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 325
RIN 3064–AD70
Risk-Based Capital Guidelines: Market
Risk
AGENCY: Office of the Comptroller of the
Currency, Department of the Treasury;
Board of Governors of the Federal
Reserve System; and Federal Deposit
Insurance Corporation.
ACTION: Notice of proposed rulemaking
with request for public comment.
SUMMARY: The Office of the Comptroller
of the Currency (OCC), Board of
Governors of the Federal Reserve
System (Board), and Federal Deposit
Insurance Corporation (FDIC) are
requesting comment on a proposal to
revise their market risk capital rules to
modify their scope to better capture
positions for which the market risk
capital rules are appropriate; reduce
procyclicality in market risk capital
requirements; enhance the rules’
sensitivity to risks that are not
adequately captured under the current
regulatory measurement methodologies;
and increase transparency through
enhanced disclosures. The proposal
does not include the methodologies
adopted by the Basel Committee on
Banking Supervision for calculating the
specific risk capital requirements for
debt and securitization positions due to
their reliance on credit ratings, which is
impermissible under the Dodd-Frank
Wall Street Reform and Consumer
Protection Act. The proposal, therefore,
retains the current specific risk
treatment for these positions until the
agencies develop alternative standards
of creditworthiness as required by the
Act. The proposed rules are
substantively the same across the
agencies.
DATES: Comments on this notice of
proposed rulemaking must be received
by April 11, 2011.
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 the Federal eRulemaking
Portal or e-mail, if possible. Please use
the title ‘‘Risk-Based Capital Guidelines:
Market Risk’’ to facilitate the
organization and distribution of the
comments. You may submit comments
by any of the following methods:
• Federal eRulemaking Portal—
‘‘regulations.gov’’: Go to http://www.
regulations.gov. Select ‘‘Document
Type’’ of ‘‘Proposed Rules,’’ and in
‘‘Enter Keyword or ID Box,’’ enter Docket
ID ‘‘OCC–2010–0003,’’ and click
‘‘Search.’’ On ‘‘View By Relevance’’ tab at
bottom of screen, in the ‘‘Agency’’
column, locate the proposed rule for
OCC, in the ‘‘Action’’ column, click on
‘‘Submit a Comment’’ or ‘‘Open Docket
Folder’’ to submit or view public
comments and to view supporting and
related materials for this rulemaking
action.
• Click on the ‘‘Help’’ tab on the
Regulations.gov home page to get
information on using Regulations.gov,
including instructions for submitting or
viewing public comments, viewing
other supporting and related materials,
and viewing the docket after the close
of the comment period.
• 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–2010–0003’’ in your comment. In
general, OCC will enter all comments
received into the docket and publish
them on the Regulations.gov Web site
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
proposed rule by any of the following
methods:
• Viewing Comments Electronically:
Go to http://www.regulations.gov. Select
‘‘Document Type’’ of ‘‘Public
Submissions,’’ in ‘‘Enter Keyword or ID
Box,’’ enter Docket ID ‘‘OCC–2010–
0003,’’ and click ‘‘Search.’’ Comments
will be listed under ‘‘View By
Relevance’’ tab at bottom of screen. If
comments from more than one agency
are listed, the ‘‘Agency’’ column will
indicate which comments were received
by the OCC.
• 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 to 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.
Board: You may submit comments,
identified by Docket No. R–1401 and
RIN No. 7100–AD61, 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 docket
number in the subject line of the
message.
• Federal eRulemaking Portal:
‘‘Regulations.gov’’: Go to http://www.
regulations.gov and follow the
instructions for submitting comments.
• 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 form in Room MP–500 of the
Board’s Martin Building (20th and C
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kgrant on DSKGBLS3C1PROD with BILLS
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Part 3
[Docket ID: OCC–2010–0003]
RIN 1557–AC99
FEDERAL RESERVE SYSTEM
12 CFR Parts 208 and 225
[Regulations H and Y; Docket No. R–1401]
RIN No. 7100–AD61
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 325
RIN 3064–AD70
Risk-Based Capital Guidelines: Market
Risk
AGENCY: Office of the Comptroller of the
Currency, Department of the Treasury;
Board of Governors of the Federal
Reserve System; and Federal Deposit
Insurance Corporation.
ACTION: Notice of proposed rulemaking
with request for public comment.
SUMMARY: The Office of the Comptroller
of the Currency (OCC), Board of
Governors of the Federal Reserve
System (Board), and Federal Deposit
Insurance Corporation (FDIC) are
requesting comment on a proposal to
revise their market risk capital rules to
modify their scope to better capture
positions for which the market risk
capital rules are appropriate; reduce
procyclicality in market risk capital
requirements; enhance the rules’
sensitivity to risks that are not
adequately captured under the current
regulatory measurement methodologies;
and increase transparency through
enhanced disclosures. The proposal
does not include the methodologies
adopted by the Basel Committee on
Banking Supervision for calculating the
specific risk capital requirements for
debt and securitization positions due to
their reliance on credit ratings, which is
impermissible under the Dodd-Frank
Wall Street Reform and Consumer
Protection Act. The proposal, therefore,
retains the current specific risk
treatment for these positions until the
agencies develop alternative standards
of creditworthiness as required by the
Act. The proposed rules are
substantively the same across the
agencies.
DATES: Comments on this notice of
proposed rulemaking must be received
by April 11, 2011.
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 the Federal eRulemaking
Portal or e-mail, if possible. Please use
the title ‘‘Risk-Based Capital Guidelines:
Market Risk’’ to facilitate the
organization and distribution of the
comments. You may submit comments
by any of the following methods:
• Federal eRulemaking Portal—
‘‘regulations.gov’’: Go to http://www.
regulations.gov. Select ‘‘Document
Type’’ of ‘‘Proposed Rules,’’ and in
‘‘Enter Keyword or ID Box,’’ enter Docket
ID ‘‘OCC–2010–0003,’’ and click
‘‘Search.’’ On ‘‘View By Relevance’’ tab at
bottom of screen, in the ‘‘Agency’’
column, locate the proposed rule for
OCC, in the ‘‘Action’’ column, click on
‘‘Submit a Comment’’ or ‘‘Open Docket
Folder’’ to submit or view public
comments and to view supporting and
related materials for this rulemaking
action.
• Click on the ‘‘Help’’ tab on the
Regulations.gov home page to get
information on using Regulations.gov,
including instructions for submitting or
viewing public comments, viewing
other supporting and related materials,
and viewing the docket after the close
of the comment period.
• 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–2010–0003’’ in your comment. In
general, OCC will enter all comments
received into the docket and publish
them on the Regulations.gov Web site
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
proposed rule by any of the following
methods:
• Viewing Comments Electronically:
Go to http://www.regulations.gov. Select
‘‘Document Type’’ of ‘‘Public
Submissions,’’ in ‘‘Enter Keyword or ID
Box,’’ enter Docket ID ‘‘OCC–2010–
0003,’’ and click ‘‘Search.’’ Comments
will be listed under ‘‘View By
Relevance’’ tab at bottom of screen. If
comments from more than one agency
are listed, the ‘‘Agency’’ column will
indicate which comments were received
by the OCC.
• 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 to 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.
Board: You may submit comments,
identified by Docket No. R–1401 and
RIN No. 7100–AD61, 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 docket
number in the subject line of the
message.
• Federal eRulemaking Portal:
‘‘Regulations.gov’’: Go to http://www.
regulations.gov and follow the
instructions for submitting comments.
• 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 form in Room MP–500 of the
Board’s Martin Building (20th and C
VerDate Mar<15>2010 18:13 Jan 10, 2011 Jkt 223001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4702 E:\FR\FM\11JAP2.SGM 11JAP2
kgrant on DSKGBLS3C1PROD with BILLS