Vol. 78 Friday,
No. 230 November 29, 2013
Part IV
Department of the Treasury
Office of the Comptroller of the Currency
12 CFR Part 50
Federal Reserve System
12 CFR Part 249
Federal Deposit Insurance Corporation
12 CFR Part 329
Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and
Monitoring; Proposed Rule
VerDate Mar<15>2010 19:20 Nov 27, 2013 Jkt 232001 PO 00000 Frm 00001 Fmt 4717 Sfmt 4717 E:\FR\FM\29NOP3.SGM 29NOP3
sroberts on DSK5SPTVN1PROD with PROPOSALS
No. 230 November 29, 2013
Part IV
Department of the Treasury
Office of the Comptroller of the Currency
12 CFR Part 50
Federal Reserve System
12 CFR Part 249
Federal Deposit Insurance Corporation
12 CFR Part 329
Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and
Monitoring; Proposed Rule
VerDate Mar<15>2010 19:20 Nov 27, 2013 Jkt 232001 PO 00000 Frm 00001 Fmt 4717 Sfmt 4717 E:\FR\FM\29NOP3.SGM 29NOP3
sroberts on DSK5SPTVN1PROD with PROPOSALS
71818 Federal Register / Vol. 78, No. 230 / Friday, November 29, 2013 / Proposed Rules
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Part 50
[Docket ID OCC–2013–0016]
RIN 1557 AD 74
FEDERAL RESERVE SYSTEM
12 CFR Part 249
[Regulation WW; Docket No. R–1466]
RIN 7100 AE–03
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 329
RIN 3064–AE04
Liquidity Coverage Ratio: Liquidity
Risk Measurement, Standards, and
Monitoring
AGENCIES: 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), the Board of
Governors of the Federal Reserve
System (Board), and the Federal Deposit
Insurance Corporation (FDIC) are
requesting comment on a proposed rule
(proposed rule) that would implement a
quantitative liquidity requirement
consistent with the liquidity coverage
ratio standard established by the Basel
Committee on Banking Supervision. The
requirement is designed to promote the
short-term resilience of the liquidity risk
profile of internationally active banking
organizations, thereby improving the
banking sector’s ability to absorb shocks
arising from financial and economic
stress, as well as improvements in the
measurement and management of
liquidity risk. The proposed rule would
apply to all internationally active
banking organizations, generally, bank
holding companies, certain savings and
loan holding companies, and depository
institutions with more than $250 billion
in total assets or more than $10 billion
in on-balance sheet foreign exposure,
and to their consolidated subsidiaries
that are depository institutions with $10
billion or more in total consolidated
assets. The proposed rule would also
apply to companies designated for
supervision by the Board by the
Financial Stability Oversight Council
under section 113 of the Dodd-Frank
Wall Street Reform and Consumer
Protection Act that do not have
significant insurance operations and to
their consolidated subsidiaries that are
depository institutions with $10 billion
or more in total consolidated assets. The
Board also is proposing on its own a
modified liquidity coverage ratio
standard that is based on a 21-calendar
day stress scenario rather than a 30
calendar-day stress scenario for bank
holding companies and savings and
loan holding companies without
significant insurance or commercial
operations that, in each case, have $50
billion or more in total consolidated
assets.
DATES: Comments on this notice of
proposed rulemaking must be received
by January 31, 2014.
ADDRESSES: Comments should be
directed to:
OCC: Because paper mail in the
Washington, DC area is subject to delay,
commenters are encouraged to submit
comments by the Federal eRulemaking
Portal or email, if possible. Please use
the title ‘‘Liquidity Coverage Ratio:
Liquidity Risk Measurement, Standards,
and Monitoring’’ 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. Enter ‘‘Docket ID
OCC–2013–0016’’ in the Search Box and
click ‘‘Search’’. Results can be filtered
using the filtering tools on the left side
of the screen. Click on ‘‘Comment Now’’
to submit public comments. Click on the
‘‘Help’’ tab on the Regulations.gov home
page to get information on using
Regulations.gov, including instructions
for submitting public comments.
• Email: regs.comments@
occ.treas.gov.
• Mail: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, 400 7th
Street SW., Suite 3E–218, Mail Stop
9W–11, Washington, DC 20219.
• Hand Delivery/Courier: 400 7th
Street SW., Suite 3E–218, Mail Stop
9W–11, Washington, DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘Docket
ID OCC–2013–0016’’ 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, email 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
rulemaking action by any of the
following methods:
• Viewing Comments Electronically:
Go to http://www.regulations.gov. Enter
‘‘Docket ID OCC–2013–0016’’ in the
Search box and click ‘‘Search’’.
Comments can be filtered by Agency
using the filtering tools on the left side
of the screen. Click on the ‘‘Help’’ tab
on the Regulations.gov home page to get
information on using Regulations.gov,
including instructions for viewing
public comments, viewing other
supporting and related materials, and
viewing the docket after the close of the
comment period.
• Viewing Comments Personally: You
may personally inspect and photocopy
comments at the OCC, 400 7th 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) 649–6700. 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–1466, 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.
• Email: regs.comments@
federalreserve.gov. Include docket
number in the subject line of the
message.
• FAX: (202) 452–3819 or (202) 452–
3102.
• Mail: Robert deV. Frierson,
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.
VerDate Mar<15>2010 19:20 Nov 27, 2013 Jkt 232001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4702 E:\FR\FM\29NOP3.SGM 29NOP3
sroberts on DSK5SPTVN1PROD with PROPOSALS
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Part 50
[Docket ID OCC–2013–0016]
RIN 1557 AD 74
FEDERAL RESERVE SYSTEM
12 CFR Part 249
[Regulation WW; Docket No. R–1466]
RIN 7100 AE–03
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 329
RIN 3064–AE04
Liquidity Coverage Ratio: Liquidity
Risk Measurement, Standards, and
Monitoring
AGENCIES: 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), the Board of
Governors of the Federal Reserve
System (Board), and the Federal Deposit
Insurance Corporation (FDIC) are
requesting comment on a proposed rule
(proposed rule) that would implement a
quantitative liquidity requirement
consistent with the liquidity coverage
ratio standard established by the Basel
Committee on Banking Supervision. The
requirement is designed to promote the
short-term resilience of the liquidity risk
profile of internationally active banking
organizations, thereby improving the
banking sector’s ability to absorb shocks
arising from financial and economic
stress, as well as improvements in the
measurement and management of
liquidity risk. The proposed rule would
apply to all internationally active
banking organizations, generally, bank
holding companies, certain savings and
loan holding companies, and depository
institutions with more than $250 billion
in total assets or more than $10 billion
in on-balance sheet foreign exposure,
and to their consolidated subsidiaries
that are depository institutions with $10
billion or more in total consolidated
assets. The proposed rule would also
apply to companies designated for
supervision by the Board by the
Financial Stability Oversight Council
under section 113 of the Dodd-Frank
Wall Street Reform and Consumer
Protection Act that do not have
significant insurance operations and to
their consolidated subsidiaries that are
depository institutions with $10 billion
or more in total consolidated assets. The
Board also is proposing on its own a
modified liquidity coverage ratio
standard that is based on a 21-calendar
day stress scenario rather than a 30
calendar-day stress scenario for bank
holding companies and savings and
loan holding companies without
significant insurance or commercial
operations that, in each case, have $50
billion or more in total consolidated
assets.
DATES: Comments on this notice of
proposed rulemaking must be received
by January 31, 2014.
ADDRESSES: Comments should be
directed to:
OCC: Because paper mail in the
Washington, DC area is subject to delay,
commenters are encouraged to submit
comments by the Federal eRulemaking
Portal or email, if possible. Please use
the title ‘‘Liquidity Coverage Ratio:
Liquidity Risk Measurement, Standards,
and Monitoring’’ 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. Enter ‘‘Docket ID
OCC–2013–0016’’ in the Search Box and
click ‘‘Search’’. Results can be filtered
using the filtering tools on the left side
of the screen. Click on ‘‘Comment Now’’
to submit public comments. Click on the
‘‘Help’’ tab on the Regulations.gov home
page to get information on using
Regulations.gov, including instructions
for submitting public comments.
• Email: regs.comments@
occ.treas.gov.
• Mail: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, 400 7th
Street SW., Suite 3E–218, Mail Stop
9W–11, Washington, DC 20219.
• Hand Delivery/Courier: 400 7th
Street SW., Suite 3E–218, Mail Stop
9W–11, Washington, DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘Docket
ID OCC–2013–0016’’ 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, email 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
rulemaking action by any of the
following methods:
• Viewing Comments Electronically:
Go to http://www.regulations.gov. Enter
‘‘Docket ID OCC–2013–0016’’ in the
Search box and click ‘‘Search’’.
Comments can be filtered by Agency
using the filtering tools on the left side
of the screen. Click on the ‘‘Help’’ tab
on the Regulations.gov home page to get
information on using Regulations.gov,
including instructions for viewing
public comments, viewing other
supporting and related materials, and
viewing the docket after the close of the
comment period.
• Viewing Comments Personally: You
may personally inspect and photocopy
comments at the OCC, 400 7th 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) 649–6700. 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–1466, 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.
• Email: regs.comments@
federalreserve.gov. Include docket
number in the subject line of the
message.
• FAX: (202) 452–3819 or (202) 452–
3102.
• Mail: Robert deV. Frierson,
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.
VerDate Mar<15>2010 19:20 Nov 27, 2013 Jkt 232001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4702 E:\FR\FM\29NOP3.SGM 29NOP3
sroberts on DSK5SPTVN1PROD with PROPOSALS