4131Federal Register / Vol. 84, No. 31 / Thursday, February 14, 2019 / Notices
option of reporting exempt data fields as
long as they report all data fields within
any exempt data point for which they
report data.
Section 104(a) of the EGRRCPA
amends HMDA section 304(i), which
provides that the requirements of
HMDA section 304(b)(5) and (6) shall
not apply with respect to closed-end
mortgage loans of an insured depository
institution or insured credit union if it
originated fewer than 500 closed-end
mortgage loans in each of the two
preceding calendar years. Sections
304(b)(5) and (6) do not apply with
respect to open-end lines of credit of an
insured depository institution or
insured credit union if it originated
fewer than 500 open-end lines of credit
in each of the two preceding calendar
years. An insured depository institution
still must comply with HMDA section
304(b)(5) and (6) if it has received a
rating of ‘‘needs to improve record of
meeting community credit needs’’
during each of its two most recent
examinations or a rating of ‘‘substantial
noncompliance in meeting community
credit needs’’ on its most recent
Community Reinvestment Act
examination.
We have adjusted our burden
estimates based on section 104(a). We
are soliciting comment on the questions
set forth below in light of the section
104(a) changes.
Affected Public: Businesses or other
for-profit.
Burden Estimates:
2018:
Estimated Number of Respondents:
683.
Estimated Annual Burden: 723,233
hours.
2019:
Estimated Number of Respondents:
683.
Estimated Annual Burden: 635,938
hours.
Frequency of Response: On occasion.
Comments: Comments submitted in
response to this notice will be
summarized and included in the request
for OMB approval. All comments will
become a matter of public record.
Comments are invited on:
(a) Whether the collections of
information are necessary for the proper
performance of the functions of the
OCC, including whether the information
has practical utility; (b) The accuracy of
the OCC’s estimates of the information
collection burden; (c) Ways to enhance
the quality, utility, and clarity of the
information to be collected; (d) Ways to
minimize the burden of the collection
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.
Dated: February 8, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–02328 Filed 2–13–19; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request
AGENCY: Office of the Comptroller of the
Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); and Federal Deposit
Insurance Corporation (FDIC).
ACTION: Joint notice and request for
comment.
SUMMARY: In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (PRA), the OCC,
the Board, and the FDIC (the agencies)
may not conduct or sponsor, and a
respondent is not required to respond
to, an information collection unless it
displays a currently valid Office of
Management and Budget (OMB) control
number. On September 28, 2018, the
agencies, under the auspices of the
Federal Financial Institutions
Examination Council (FFIEC), requested
public comment for 60 days on a
proposal to revise and extend the
Consolidated Reports of Condition and
Income for a Bank with Domestic and
Foreign Offices (FFIEC 031), the
Consolidated Reports of Condition and
Income for a Bank with Domestic
Offices Only (FFIEC 041), and the
Consolidated Reports of Condition and
Income for a Bank with Domestic
Offices Only and Total Assets Less Than
$1 Billion (FFIEC 051), which are
currently approved collections of
information. The Consolidated Reports
of Condition and Income are commonly
referred to as Call Reports. In addition,
the FFIEC requested public comment for
60 days on a proposal to revise and
extend the Report of Assets and
Liabilities of U.S. Branches and
Agencies of Foreign Banks (FFIEC 002)
and the Report of Assets and Liabilities
of a Non-U.S. Branch that is Managed or
Controlled by a U.S. Branch or Agency
of a Foreign (Non-U.S.) Bank (FFIEC
002S), which are currently approved
collections of information. The Board
published this proposal on behalf of the
agencies. Also, the agencies requested
public comment for 60 days on
proposals to revise and extend the
Foreign Branch Report of Condition
(FFIEC 030), the Abbreviated Foreign
Branch Report of Condition (FFIEC
030S), and the Regulatory Capital
Reporting for Institutions Subject to the
Advanced Capital Adequacy Framework
(FFIEC 101), which are currently
approved collections of information.
The comment period for the
September 2018 notice ended on
November 27, 2018. As described in the
SUPPLEMENTARY INFORMATION section,
after considering the comments received
on the proposals, the FFIEC and
agencies will proceed with the proposed
reporting revisions to and extensions of
the FFIEC 031, FFIEC 041, FFIEC 051,
FFIEC 002, FFIEC 002S, FFIEC 030,
FFIEC 030S, and FFIEC 101, as
originally proposed, with some
modification to the FFIEC 031 and
FFIEC 041. These proposed revisions
generally address the revised accounting
for credit losses under the Financial
Accounting Standards Board’s (FASB)
Accounting Standards Update (ASU)
No. 2016–13, ‘‘Financial Instruments—
Credit Losses (Topic 326): Measurement
of Credit Losses on Financial
Instruments’’ (ASU 2016–13). This
proposal also includes regulatory capital
reporting changes related to
implementing the agencies’ recent final
rule on the implementation and capital
transition for the current expected credit
losses methodology (CECL).
In addition, this notice includes other
revisions to the Call Reports and the
FFIEC 101 resulting from two sections
of the Economic Growth, Regulatory
Relief, and Consumer Protection Act
(EGRRCPA), effective upon enactment
on May 24, 2018, that affect the
information reported in these reports
and for which the agencies submitted
emergency review requests to OMB that
OMB has approved.
The proposed revisions related to
ASU 2016–13 would begin to take effect
March 31, 2019, for reports with
quarterly report dates and December 31,
2019, for reports with an annual report
date, with later effective dates for
certain respondents.
In addition, the agencies are giving
notice they are sending the collections
to OMB for review.
DATES: Comments must be submitted on
or before March 18, 2019.
VerDate Sep<11>2014 17:54 Feb 13, 2019 Jkt 247001 PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 E:\FR\FM\14FEN1.SGM 14FEN1
option of reporting exempt data fields as
long as they report all data fields within
any exempt data point for which they
report data.
Section 104(a) of the EGRRCPA
amends HMDA section 304(i), which
provides that the requirements of
HMDA section 304(b)(5) and (6) shall
not apply with respect to closed-end
mortgage loans of an insured depository
institution or insured credit union if it
originated fewer than 500 closed-end
mortgage loans in each of the two
preceding calendar years. Sections
304(b)(5) and (6) do not apply with
respect to open-end lines of credit of an
insured depository institution or
insured credit union if it originated
fewer than 500 open-end lines of credit
in each of the two preceding calendar
years. An insured depository institution
still must comply with HMDA section
304(b)(5) and (6) if it has received a
rating of ‘‘needs to improve record of
meeting community credit needs’’
during each of its two most recent
examinations or a rating of ‘‘substantial
noncompliance in meeting community
credit needs’’ on its most recent
Community Reinvestment Act
examination.
We have adjusted our burden
estimates based on section 104(a). We
are soliciting comment on the questions
set forth below in light of the section
104(a) changes.
Affected Public: Businesses or other
for-profit.
Burden Estimates:
2018:
Estimated Number of Respondents:
683.
Estimated Annual Burden: 723,233
hours.
2019:
Estimated Number of Respondents:
683.
Estimated Annual Burden: 635,938
hours.
Frequency of Response: On occasion.
Comments: Comments submitted in
response to this notice will be
summarized and included in the request
for OMB approval. All comments will
become a matter of public record.
Comments are invited on:
(a) Whether the collections of
information are necessary for the proper
performance of the functions of the
OCC, including whether the information
has practical utility; (b) The accuracy of
the OCC’s estimates of the information
collection burden; (c) Ways to enhance
the quality, utility, and clarity of the
information to be collected; (d) Ways to
minimize the burden of the collection
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.
Dated: February 8, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2019–02328 Filed 2–13–19; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request
AGENCY: Office of the Comptroller of the
Currency (OCC), Treasury; Board of
Governors of the Federal Reserve
System (Board); and Federal Deposit
Insurance Corporation (FDIC).
ACTION: Joint notice and request for
comment.
SUMMARY: In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (PRA), the OCC,
the Board, and the FDIC (the agencies)
may not conduct or sponsor, and a
respondent is not required to respond
to, an information collection unless it
displays a currently valid Office of
Management and Budget (OMB) control
number. On September 28, 2018, the
agencies, under the auspices of the
Federal Financial Institutions
Examination Council (FFIEC), requested
public comment for 60 days on a
proposal to revise and extend the
Consolidated Reports of Condition and
Income for a Bank with Domestic and
Foreign Offices (FFIEC 031), the
Consolidated Reports of Condition and
Income for a Bank with Domestic
Offices Only (FFIEC 041), and the
Consolidated Reports of Condition and
Income for a Bank with Domestic
Offices Only and Total Assets Less Than
$1 Billion (FFIEC 051), which are
currently approved collections of
information. The Consolidated Reports
of Condition and Income are commonly
referred to as Call Reports. In addition,
the FFIEC requested public comment for
60 days on a proposal to revise and
extend the Report of Assets and
Liabilities of U.S. Branches and
Agencies of Foreign Banks (FFIEC 002)
and the Report of Assets and Liabilities
of a Non-U.S. Branch that is Managed or
Controlled by a U.S. Branch or Agency
of a Foreign (Non-U.S.) Bank (FFIEC
002S), which are currently approved
collections of information. The Board
published this proposal on behalf of the
agencies. Also, the agencies requested
public comment for 60 days on
proposals to revise and extend the
Foreign Branch Report of Condition
(FFIEC 030), the Abbreviated Foreign
Branch Report of Condition (FFIEC
030S), and the Regulatory Capital
Reporting for Institutions Subject to the
Advanced Capital Adequacy Framework
(FFIEC 101), which are currently
approved collections of information.
The comment period for the
September 2018 notice ended on
November 27, 2018. As described in the
SUPPLEMENTARY INFORMATION section,
after considering the comments received
on the proposals, the FFIEC and
agencies will proceed with the proposed
reporting revisions to and extensions of
the FFIEC 031, FFIEC 041, FFIEC 051,
FFIEC 002, FFIEC 002S, FFIEC 030,
FFIEC 030S, and FFIEC 101, as
originally proposed, with some
modification to the FFIEC 031 and
FFIEC 041. These proposed revisions
generally address the revised accounting
for credit losses under the Financial
Accounting Standards Board’s (FASB)
Accounting Standards Update (ASU)
No. 2016–13, ‘‘Financial Instruments—
Credit Losses (Topic 326): Measurement
of Credit Losses on Financial
Instruments’’ (ASU 2016–13). This
proposal also includes regulatory capital
reporting changes related to
implementing the agencies’ recent final
rule on the implementation and capital
transition for the current expected credit
losses methodology (CECL).
In addition, this notice includes other
revisions to the Call Reports and the
FFIEC 101 resulting from two sections
of the Economic Growth, Regulatory
Relief, and Consumer Protection Act
(EGRRCPA), effective upon enactment
on May 24, 2018, that affect the
information reported in these reports
and for which the agencies submitted
emergency review requests to OMB that
OMB has approved.
The proposed revisions related to
ASU 2016–13 would begin to take effect
March 31, 2019, for reports with
quarterly report dates and December 31,
2019, for reports with an annual report
date, with later effective dates for
certain respondents.
In addition, the agencies are giving
notice they are sending the collections
to OMB for review.
DATES: Comments must be submitted on
or before March 18, 2019.
VerDate Sep<11>2014 17:54 Feb 13, 2019 Jkt 247001 PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 E:\FR\FM\14FEN1.SGM 14FEN1
4132 Federal Register / Vol. 84, No. 31 / Thursday, February 14, 2019 / Notices
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments,
which should refer to the ‘‘CECL and
EGRRCPA Reporting Revisions,’’ will be
shared among the agencies.
OCC: Commenters are encouraged to
submit comments by email, if possible.
You may submit comments by any of
the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, Attention:
‘‘CECL and EGRPRA Reporting
Revisions,’’ 400 7th Street SW, Suite
3E–218, Washington, DC 20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘CECL
and EGRPRA Reporting Revisions,’’ in
your comment. In general, the OCC will
publish your comment on
www.reginfo.gov 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
include any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
Additionally, please send a copy of
your comments by mail to: OCC Desk
Officer, U.S. Office of Management and
Budget, Attn: 1557–0081, 1557–0099,
1557–0239, 725 17th Street NW,
#10235, Washington, DC 20503 or by
email to oira_submission@omb.eop.gov.
You may review comments and other
related materials that pertain to this
information collection following the
close of the 30-Day comment period for
this notice by any of the following
methods:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the drop-
down menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control numbers
1557–0081, 1557–0099, and 1557–0239.
Upon finding the appropriate
information collection, click on the
related ‘‘ICR Reference Number.’’ On the
next screen, select ‘‘View Supporting
Statement and Other Documents’’ and
then click on the link to any comment
listed at the bottom of the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
• Viewing Comments Personally: You
may personally inspect 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 or,
for persons who are deaf or hearing
impaired, TTY, (202) 649–5597. Upon
arrival, visitors will be required to
present valid government-issued photo
identification and submit to security
screening in order to inspect comments.
Board: You may submit comments,
which should refer to ‘‘CECL and
EGRRCPA Reporting Revisions,’’ by any
of the following methods:
• Agency Website: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at:
http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Email: regs.comments@
federalreserve.gov. Include ‘‘CECL and
EGRRCPA Reporting Revisions’’ in the
subject line of the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, 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 website at
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 3515, 1801 K Street
NW (between 18th and 19th Streets
NW), Washington, DC 20006 between
9:00 a.m. and 5:00 p.m. on weekdays.
FDIC: You may submit comments,
which should refer to ‘‘CECL and
EGRRCPA Reporting Revisions,’’ by any
of the following methods:
• Agency Website: https://
www.fdic.gov/regulations/laws/federal/.
Follow the instructions for submitting
comments on the FDIC’s website.
• Federal eRulemaking Portal:
https://www.regulations.gov. Follow the
instructions for submitting comments.
• Email: comments@FDIC.gov.
Include ‘‘CECL and EGRRCPA Reporting
Revisions’’ in the subject line of the
message.
• Mail: Manuel E. Cabeza, Counsel,
Attn: Comments, Room MB–3007,
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 7:00 a.m. and 5:00 p.m.
Public Inspection: All comments
received will be posted without change
to https://www.fdic.gov/regulations/
laws/federal/ including any personal
information provided. Paper copies of
public comments may be requested from
the FDIC Public Information Center by
telephone at (877) 275–3342 or (703)
562–2200.
Additionally, commenters may send a
copy of their comments 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; by fax to (202)
395–6974; or by email to oira_
submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: For
further information about the proposed
revisions to the information collections
discussed in this notice, please contact
any of the agency staff whose names
appear below. In addition, copies of the
reporting forms for the reports within
the scope of this notice can be obtained
at the FFIEC’s website (https://
www.ffiec.gov/ffiec_report_forms.htm).
OCC: Kevin Korzeniewski, Counsel,
(202) 649–5490, or for persons who are
deaf or hearing impaired, TTY, (202)
649–5597, Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, 400 7th
Street SW, Washington, DC 20219.
Board: Nuha Elmaghrabi, Federal
Reserve Board Clearance Officer, (202)
452–3884, Office of the Chief Data
Officer, Board of Governors of the
Federal Reserve System, 20th and C
Streets NW, Washington, DC 20551.
Telecommunications Device for the Deaf
(TDD) users may call (202) 263–4869.
FDIC: Manuel E. Cabeza, Counsel,
(202) 898–3767, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
I. Background
A. ASU 2016–13, ‘‘Financial
Instruments—Credit Losses (Topic 326):
Measurement of Credit Losses on
Financial Instruments’’
In June 2016, the FASB issued ASU
2016–13, which introduced CECL for
estimating allowances for credit losses
and added Topic 326, Credit Losses, to
the Accounting Standards Codification
(ASC). The new credit losses standard
VerDate Sep<11>2014 17:54 Feb 13, 2019 Jkt 247001 PO 00000 Frm 00092 Fmt 4703 Sfmt 4703 E:\FR\FM\14FEN1.SGM 14FEN1
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments,
which should refer to the ‘‘CECL and
EGRRCPA Reporting Revisions,’’ will be
shared among the agencies.
OCC: Commenters are encouraged to
submit comments by email, if possible.
You may submit comments by any of
the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, Attention:
‘‘CECL and EGRPRA Reporting
Revisions,’’ 400 7th Street SW, Suite
3E–218, Washington, DC 20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 465–4326.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘CECL
and EGRPRA Reporting Revisions,’’ in
your comment. In general, the OCC will
publish your comment on
www.reginfo.gov 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
include any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
Additionally, please send a copy of
your comments by mail to: OCC Desk
Officer, U.S. Office of Management and
Budget, Attn: 1557–0081, 1557–0099,
1557–0239, 725 17th Street NW,
#10235, Washington, DC 20503 or by
email to oira_submission@omb.eop.gov.
You may review comments and other
related materials that pertain to this
information collection following the
close of the 30-Day comment period for
this notice by any of the following
methods:
• Viewing Comments Electronically:
Go to www.reginfo.gov. Click on the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the drop-
down menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control numbers
1557–0081, 1557–0099, and 1557–0239.
Upon finding the appropriate
information collection, click on the
related ‘‘ICR Reference Number.’’ On the
next screen, select ‘‘View Supporting
Statement and Other Documents’’ and
then click on the link to any comment
listed at the bottom of the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
• Viewing Comments Personally: You
may personally inspect 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 or,
for persons who are deaf or hearing
impaired, TTY, (202) 649–5597. Upon
arrival, visitors will be required to
present valid government-issued photo
identification and submit to security
screening in order to inspect comments.
Board: You may submit comments,
which should refer to ‘‘CECL and
EGRRCPA Reporting Revisions,’’ by any
of the following methods:
• Agency Website: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at:
http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Email: regs.comments@
federalreserve.gov. Include ‘‘CECL and
EGRRCPA Reporting Revisions’’ in the
subject line of the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, 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 website at
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 3515, 1801 K Street
NW (between 18th and 19th Streets
NW), Washington, DC 20006 between
9:00 a.m. and 5:00 p.m. on weekdays.
FDIC: You may submit comments,
which should refer to ‘‘CECL and
EGRRCPA Reporting Revisions,’’ by any
of the following methods:
• Agency Website: https://
www.fdic.gov/regulations/laws/federal/.
Follow the instructions for submitting
comments on the FDIC’s website.
• Federal eRulemaking Portal:
https://www.regulations.gov. Follow the
instructions for submitting comments.
• Email: comments@FDIC.gov.
Include ‘‘CECL and EGRRCPA Reporting
Revisions’’ in the subject line of the
message.
• Mail: Manuel E. Cabeza, Counsel,
Attn: Comments, Room MB–3007,
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 7:00 a.m. and 5:00 p.m.
Public Inspection: All comments
received will be posted without change
to https://www.fdic.gov/regulations/
laws/federal/ including any personal
information provided. Paper copies of
public comments may be requested from
the FDIC Public Information Center by
telephone at (877) 275–3342 or (703)
562–2200.
Additionally, commenters may send a
copy of their comments 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; by fax to (202)
395–6974; or by email to oira_
submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: For
further information about the proposed
revisions to the information collections
discussed in this notice, please contact
any of the agency staff whose names
appear below. In addition, copies of the
reporting forms for the reports within
the scope of this notice can be obtained
at the FFIEC’s website (https://
www.ffiec.gov/ffiec_report_forms.htm).
OCC: Kevin Korzeniewski, Counsel,
(202) 649–5490, or for persons who are
deaf or hearing impaired, TTY, (202)
649–5597, Legislative and Regulatory
Activities Division, Office of the
Comptroller of the Currency, 400 7th
Street SW, Washington, DC 20219.
Board: Nuha Elmaghrabi, Federal
Reserve Board Clearance Officer, (202)
452–3884, Office of the Chief Data
Officer, Board of Governors of the
Federal Reserve System, 20th and C
Streets NW, Washington, DC 20551.
Telecommunications Device for the Deaf
(TDD) users may call (202) 263–4869.
FDIC: Manuel E. Cabeza, Counsel,
(202) 898–3767, Legal Division, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
I. Background
A. ASU 2016–13, ‘‘Financial
Instruments—Credit Losses (Topic 326):
Measurement of Credit Losses on
Financial Instruments’’
In June 2016, the FASB issued ASU
2016–13, which introduced CECL for
estimating allowances for credit losses
and added Topic 326, Credit Losses, to
the Accounting Standards Codification
(ASC). The new credit losses standard
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